Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Akuyacoin on December 15, 2017, 11:06:48 AM


Title: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
Post by: Akuyacoin on December 15, 2017, 11:06:48 AM
    AKUYA REBORN
    NEW GENERATION DECENTRALIZED CRYPTOCURRENCY

    WHAT
    AKUYA is a truly decentralized, 8 millions premined, mine-able, proof-of-work and proof-of-stake global public currency. The unit of exchange is AKUYA, and began in December 2017.

    WHY
    AKUYA was created to solve a problem which exists with the supply economics of many public coins. The reward schedule either drops too quickly (like Bitcoin and Litecoin) or too slowly (like Dogecoin and Ethereum).

    AKUYA's reward decrease is a harmonic series, which more closely models renewable resources rather than non-renewable. This means that while it is always better to chop AKUYA today than tomorrow, there will still always be an incentive to secure the network tomorrow.

    The logarithmic money supply curve is designed for stability and longevity, with the longest reward schedule of any other cryptocurrency. Half the AKUYA will be released in the first 200 years, instead of the first 4 years (Bitcoin). However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

    TECHNICAL DETAILS
    AKUYA is a public cryptocurrency like Bitcoin. There are three major changes, with design considerations listed here:

    • Proof of Work algorithm: Double Skein
      This is the first consensus network built solely with the skein hash function. Read more about Skein here We hope to encourage further use and testing of the Skein family with this coin.
    • Elliptic Curve for Digital Signatures: X9_62_prime256v1.
      To sign transactions and create public and private addresses we use the elliptic curve digital signature algorithm ECDSA just like Bitcoin. However we use a different curve as a basis to do so. This curve is perhaps the most used in the financial industry. Some people think it is better. We like to encourage cryptographic diversity.
    • Logarithmic Coin Release
      Akuyacoin is the first coin to use a logarithmic coin release. The akuyacutting reward is continually adjusted according to the harmonic series. From /src/main.cpp:

      int64 static GetBlockValue(int nHeight, int64 nFees) {
         int64 nSubsidy = 3000000 * COIN;
         if (nHeight<100) return 1*COIN;
         else return nSubsidy/nHeight + nFees;
      }

    • This leads to a total money supply S which increases logarithmically in block height n:

            log = natural logarithm
            gamma = euler-mascheroni constant
            forest = 5187377.51763962
            S = 3000000* ( log n + gamma ) ? forest[/li][/list]

    AKUYA SPECIFICATIONS
    • Coin Algorithm : X13
    • POW/POS : Hybrid
    • Max Coin Supply : 38 Million
    • Premined : 8 Million
    • Block Space : 2 Minutes
    • Block Reward : 1 AKUYA

    AKUYA WEB WALLET
    WEBSITE (https://www.akuyacoin.com/)

    AKUYA WIN WALLET
    DOWNLOAD (https://www.akuyacoin.com/downloads/win.zip)

    SOCIAL MEDIA
    FACEBOOK (https://www.facebook.com/akuya.coin)
    TWITTER (https://twitter.com/AkuyaCoin?lang=en)
    INSTAGRAM (https://www.instagram.com/akuyacoin/)

    SUPPORT
    support@akuyacoin.com (http://support@akuyacoin.com)


    Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
    Post by: notsofast on December 15, 2017, 11:10:32 AM
    The issuance is confusing, but I'm pretty sure your premine is way too high to make it worthwhile for miners.

    Especially if you stake it and have PoS blocks replacing more valuable PoW blocks.

    This is almost certainly a terrible deal for miners.

    Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
    Post by: Wmj0FSsK9ofql0ZFm on December 15, 2017, 11:14:27 AM
    Quote from: Wmj0FSsK9ofql0ZFm
    Smells like the same scammy dev of Atrox, which released just 2 hours ago. And I bet you all my bitcoins that my post will get deleted.
    Post got deleted - someone owes me bitcoins

    P.S. block reward is a mere 0.001 AKUYA, which is strange when they say:

    Quote
    However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

    Later blocks will have less than 0.001 AKUYA? lmao

    Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
    Post by: xibeijan on December 15, 2017, 11:21:21 AM
    Oh?

    AKUYA MA TATA

    Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
    Post by: mbs32 on December 15, 2017, 11:25:30 AM
    Quote from: Akuyacoin on December 15, 2017, 11:06:48 AM
      AKUYA REBORN
      NEW GENERATION DECENTRALIZED CRYPTOCURRENCY

      WHAT
      AKUYA is a truly decentralized, 8 millions premined, mine-able, proof-of-work and proof-of-stake global public currency. The unit of exchange is AKUYA, and began in December 2017.

      WHY
      AKUYA was created to solve a problem which exists with the supply economics of many public coins. The reward schedule either drops too quickly (like Bitcoin and Litecoin) or too slowly (like Dogecoin and Ethereum).

      AKUYA's reward decrease is a harmonic series, which more closely models renewable resources rather than non-renewable. This means that while it is always better to chop AKUYA today than tomorrow, there will still always be an incentive to secure the network tomorrow.

      The logarithmic money supply curve is designed for stability and longevity, with the longest reward schedule of any other cryptocurrency. Half the AKUYA will be released in the first 200 years, instead of the first 4 years (Bitcoin). However, every block is worth less than the preceding one - so earlier adopters are always rewarded.

      TECHNICAL DETAILS
      AKUYA is a public cryptocurrency like Bitcoin. There are three major changes, with design considerations listed here:

      • Proof of Work algorithm: Double Skein
        This is the first consensus network built solely with the skein hash function. Read more about Skein here We hope to encourage further use and testing of the Skein family with this coin.
      • Elliptic Curve for Digital Signatures: X9_62_prime256v1.
        To sign transactions and create public and private addresses we use the elliptic curve digital signature algorithm ECDSA just like Bitcoin. However we use a different curve as a basis to do so. This curve is perhaps the most used in the financial industry. Some people think it is better. We like to encourage cryptographic diversity.
      • Logarithmic Coin Release
        Akuyacoin is the first coin to use a logarithmic coin release. The akuyacutting reward is continually adjusted according to the harmonic series. From /src/main.cpp:

        int64 static GetBlockValue(int nHeight, int64 nFees) {
           int64 nSubsidy = 3000000 * COIN;
           if (nHeight<100) return 1*COIN;
           else return nSubsidy/nHeight + nFees;
        }

      • This leads to a total money supply S which increases logarithmically in block height n:

              log = natural logarithm
              gamma = euler-mascheroni constant
              forest = 5187377.51763962
              S = 3000000* ( log n + gamma ) ? forest[/li][/list]

      AKUYA SPECIFICATIONS
      • Coin Algorithm : X13
      • POW/POS : Hybrid
      • Max Coin Supply : 38 Million
      • Premined : 8 Million
      • Block Space : 2 Minutes
      • Block Reward : 1 AKUYA

      AKUYA WEB WALLET
      WEBSITE (https://www.akuyacoin.com/)

      AKUYA WIN WALLET
      DOWNLOAD (https://www.akuyacoin.com/downloads/win.zip)

      SOCIAL MEDIA
      FACEBOOK (https://www.facebook.com/akuya.coin)
      TWITTER (https://twitter.com/AkuyaCoin?lang=en)
      INSTAGRAM (https://www.instagram.com/akuyacoin/)

      SUPPORT
      support@akuyacoin.com (http://support@akuyacoin.com)


      Hello!

      Have Airdrop? Bountie?

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: nosekefik on December 15, 2017, 11:50:57 AM
      Source code for linux?

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: taufik123 on December 15, 2017, 12:12:37 PM
      whether for bounty yet? how to participate in this project?

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: bad name on December 15, 2017, 12:14:24 PM
      what this, block reward 0.001
      are u kidding
       ;D ;D ;D ;D

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: Zembon on December 15, 2017, 12:19:39 PM
      Mining does not seem to work now  ???

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: TR750 on December 15, 2017, 05:51:38 PM
      dat psychedelic logo at the website loading...

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: mrmetech on December 15, 2017, 05:55:13 PM
      Nice post.

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: mrmetech on December 15, 2017, 06:06:55 PM
      NEW POOL LOWEST FEES
      Website : http://mrmetech.me/ (http://mrmetech.me/)
      Fees 0.5%
      payout every 30 minutes
      USER :No account is needed you just need to put your address
      PASSWORD : No Password is needed but you must put something there for example a x
      stratum : mrmetech.me:3567
      Example of ccminer
      Code:
      Will be added soon.

      Please add to the pool section.
      They dont have a github so i can do it.

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: cryptoRX on December 15, 2017, 06:11:18 PM
      8 million premine
      POW Block Reward on Web = 0.001 Akuya On Thread = 1 Akuya
      Website Algo = Scrypt; Thread = X13

      Talk about confusing. Whichever it is, it would take forever to match the premine.

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: Dastashka on December 15, 2017, 07:10:18 PM
      Ah WHy Asic((((

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: aiderwar on December 16, 2017, 01:16:39 PM
      on your website the Coin Specification: Algorithm Scrypt (PoW/PoS), PoW block reward : 0.001 AKUYA, but in this thread the coin Algorithm is X13, Which one is right?

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: botana on December 26, 2017, 05:45:38 AM
      Quote from: Dastashka on December 15, 2017, 07:10:18 PM
      Ah WHy Asic((((

      https://bitcointalk.org/index.php?topic=2190351.140

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: Zulfi Heriansyah on December 26, 2017, 05:56:08 AM
      no repository for source code on github?

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: botana on December 26, 2017, 05:57:15 AM
      Quote from: Zulfi Heriansyah on December 26, 2017, 05:56:08 AM
      no repository for source code on github?

      This is scam coin!!!

      Title: Re: [ANN][AKY] AKUYA - New Generation Decentralized Cryptocurrency
      Post by: kaptkrunch on December 26, 2017, 06:42:07 AM
      Wait a sec, let me see if i understand this. 8 million pre-mine with block rewards of .001, might as well be a 100% premine. FFS


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