Bitcoin Forum

Scatcoin - Official Token Launch in progress... follow/watch for announcements & bounties.

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The Smart Contract Asset Transfer platform is a new kind of digital asset ledger which takes into account learnings over the last several years since the launch of Bitcoin and the many Blockchain variants/forks that have followed it.

The SCAT topology and architecture is built from the ground-up using best-practice principles required to establish, maintain and govern a plurality of secure distributed asset ledgers and smart contracts. A technical overview follows, with some key functionality;

1. No Blockchain. The ASIC-proof PoWaS processes (see (2)) and ’MainLedger’ secure token databases are abstracted from each other. This allows for storage and CPU resource to be optimized for digital asset transactions as well as smart contract registration and execution, and allows the ledger to remain at a manageable, optimal size.

2. Native Smart Contract Infrastructure (SCI) for all transactions across the network. Support for native/base class contracts which can be inherited from and extended as necessary.

3. A Proof-of-Work-and-Stake (PoWaS) ’Emergent Collateral’ method to ensure appropriate incentives for both Workers and p2p ‘Assurance Nodes’, allowing for cold-start of the network through to ongoing operation of the ledger.

4. PoWaS ‘Workers’ and ‘Assurance Nodes’ earn Security, Base Transaction and Contract Execution fees by providing resources to the SCAT network.

5. A full Community Governance stack for transparent stakeholder voting without the need for software ‘signalling’. PoW Workers and Assurance Nodes can vote on any Community Proposal, based on their collateral, for a small fee paid to the Reserve Treasury.

6. A Reserve Treasury - funds accumulated by the Treasury can be accessed by anyone who makes a Budget Proposal, for a small fee, and receives enough votes from both PoWaS Workers and Assurance Nodes.

7. Instant transactions are possible with SCAT - this is possible following Emergent Collateral distribution across the network (start-up collateral building phase required before this is enabled).

8. Private transactions can be implemented on a per-ledger basis and are optional, since transactions/tokens are either versioned, non-versioned or journaled. It is also possible to both ‘Scatter’ and ‘Bind’ asset tokens for denominating or re-denominating the asset.

9. Tokens can be merged from multiple ledgers into new combined asset classes, and then re-denominated. This follows smart-contract based denomination rules.

10. TO BE DETERMINED: Native support for creation of any kind of custom digital asset token ledger on the network, useful for crowdfunding, share distribution, asset registration, settlements and tethering. Comes with optional functionality of smart contracts, governance, reserve treasury and budgets/proposals.

11. FUTURE: A distributed API (dAPI) which allows thin client agents to execute contracts (for data storage, transaction processing, secure/validated messaging and ledger operations).

The functionality above is very complex to implement for a ‘blockchain’ system. However, due to the separation of PoWaS, protocol assurance/contract processing, messaging and storage, we can more easily implement the full functionality of the platform using Smart Contract Infrastructure (SCI) in an iterative way.

Our team does not believe in the statement that ‘hardware technology advancement will solve scalability concerns’. Blockchain technologies remain viable for the medium-term, but many scaling challenges have emerged and have not yet been resolved. SCAT is built to allow for distributed scaling, to optimize the size of distributed ledgers, to allow for featherweight clients through the dAPI and to be natively performant for instant transaction processing.

Our users are key. We will design the most pleasant user experience that is possible for people who use SCAT. We’ll provide an Account Manager that is easy to use, runs across several platforms, and requires very few computing resources. The Account Manager will be able to be accessed over browser technologies (through service clients that access the underlying network), and provides for hardware token security.
We believe that the developer community is also worthy of our respect. We will strive to make our platform robust, as well as provide clear and straightforward development tools, API’s and libraries, so that developers can build world-changing applications on top of the SCAT platform.

We also believe in the free choice of individuals to have privacy in their affairs, but recognize that in many cases it is important to allow auditing of activities. This choice is left to the individual.

Our (small but passionate) core team is composed of a cryptography expert, computer scientists and software developers, an infrastructure specialist, a user interface design expert, entrepreneur/business advisor, social media/marketing and financial consultants. Most of us wish to remain anonymous at this time, we only ask of the community that this is respected while we aim to deliver the first MVP iteration of this platform.

Our white paper is to follow soon, if you are interested in joining us here at SCAT, you are welcome to contact us via PM, use the contact form on our website, or any of the social media platforms below.

We respect the right to your privacy so please do let us know if you wish to remain anonymous.

Website: http://www.scatcoin.com
Facebook: https://www.facebook.com/scatcoin
Twitter: https://twitter.com/scatcoin

I don't buy this shit.

After years on the internets all I can think of when I hear scat is https://en.wikipedia.org/wiki/Coprophilia ;D

you must have loved this song in its time  ;D

https://www.youtube.com/watch?v=Hy8kmNEo1i8

Taking the term shitcoin to a whole new level!  ;D

I would fire the branding specialist who helped you to come up with the name.

Any Airdrop?

Most likely the OP is not English and has no idea what SCAT refers too.

what kind of this Announcement,,
only write facebook page and twitter ,,

this is a bad start fro your project i think

heh, heh.

shitty skatty start man, usually if your gonna publish the topic theres SOMETHING for people to chew on, but you have not much but literally words
"shitcoin"  and some links ;p most wont go away from the forum too far for info unless you make it worth it
o screw it why waste my time, i doubt you want to put much effort in ;p
PASS!

if it is based on solar then i will love it.....

it don't matter which coin its based on.  its already judged by how OP and its name is. who the hell planned all these shit?  :D but well, their plan to scam investors may now be stopped. its good that OP has been stupid enough to let us know by how he created his ANN thread.

I still love this song.... I'm getting old  ;D

i don't understand what is this.
you should use PRE-ANN beside the ANN on the tittle.

why not write in here detail announcement youre coin
roadmap,plan project, total suply coin and more spefication coin

An unfinished project should use PRE-ANN instead ANN. I see ANN is for project that ready to be displayed publicy. Or you can lock your thread first until you finished it.

Thanks for the interest guys, we plan to update our ANN within 24 hours with further info about the project.

hi!!1
but you have an official site where we will be able to read a document with a timeline to undertand better the project?

Just another shitcoin...

i give a try to all...
but first, i want to understand better...
if i read good project i follow the token sale...
otherwise, i go away..

Our ANN has now been updated. Thank you for your patience. 

Sorry, no Airdrop is planned. We are open to receiving EOI. There is a contact form on our website, or use social media if you prefer.

We have updated our ANN. Our white paper is coming. Thank you for your interest

this look better,,
i will be waiting for the whitepaper for this Scatcoin,, and let see what is the detailed project of this ?

bounty only social media campaign and blog bounty
not open another bounty , maybe signature campaign
plan open ico selling or not

Our ANN has been updated. Thank you

Thank you for your suggestions. You may also contact us via the website, or social media with an outline of your skills and assets.

"No blockchain" sounds very intriguing for sure.

Will be great if you can pull it off... Looking forward to hear more info about this

Sounds like a very promising project. When will you release your whitepaper?

PoWaS & no blockchain? How are you going to achieve that? And ETA on when your token will launch? Seems like a far way away

Excuse the delayed reply. Our account is still limited, which makes replying difficult.

Everything will be announced as it becomes available. We will ensure a fair launch with plenty of notice in advance to interested parties.

Please make sure to follow us on social media and/or sign up on our website to stay notified.

http://www.scatcoin.com