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Title: looking for help in creating new coin based on fractal algorithms Post by: espirulina on June 23, 2015, 07:17:58 PM Hi, I'm looking for powerful and trustful minds to create a currency based on a different cryptography method using fractals, if anyone feels he/she is technically capable of giving it a descent try please contact me.
Title: Re: looking for help in creating new coin based on fractal algorithms Post by: OnkelPaul on June 23, 2015, 07:40:13 PM Do you have a specific algorithm or function in mind?
"Fractal" is a nice buzzword (although a bit dated already) but as far as I know fractal algorithms have not been successfully used in cryptography. For the basic functions of a crypto currency, you need a digital signature mechanism to sign transactions. I don't know whether a fractal crypto algorithm has the required properties (it must be practically impossible to forge a signature or find a private key.) In addition, for mining you need a hash function that is somewhat expensive to compute, so that finding inputs that yield a hash below a certain bound is hard, while checking that hash for correctness is relatively easy. Fractals might offer that, but the main problem would probably be numerical instability (floating point computations are difficult to get right such that they are reproducible, integer algorithms are much better suited to this.) Onkel Paul Title: Re: looking for help in creating new coin based on fractal algorithms Post by: Pab on June 23, 2015, 08:29:44 PM I am member of a kind of economy with his own digital currency,half second fast coin and inflation deflation control,i am looking for partners for implamantation
it is not blockchain tech feel free pm me if you like to |