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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: eljundrilo on September 30, 2018, 02:32:58 PM


Title: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
Post by: eljundrilo on September 30, 2018, 02:32:58 PM
    https://i.imgur.com/gMgqB14.png
    • What is PyChain?
      PyChain is a Python-based Blockchain and is meant to provide two things:
      -An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
      -An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
    Initially, PyChain was meant to be forked from Bismuth, as it is a really decent project with a different use case. The fact that the usecase is different and also a few untransparent features led me to decide against the fork. PyChain is now mainly from scratch.

    PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.

    This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)


    • Technical Summary
      • System: PoW until reference implementation for PoS is tested and ready to use
      • Hashing algorithm: Keccak384 (SHA3)
      • Signing algorithm: to be decided
      • Transaction size: to be announced
      • Mining reward: to be announced
      • Difficulty: dynamically controlled using Kimoto Gravity Wave
      • Difficulty retarget: each block
      • PoW rewards: 50,000,000 in total
      • PoS rewards: to be announced
      • Smallest unit:  0.00000001, similar to a Satoshi in Bitcoin
      • Efficiency and readability optimized
      • Asymmetric message and data encryption
    • What purpose does PyChain have?
      As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
      MacOS, Android, iOS are planned.
    • Exchanges?
      Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.


    • Any questions or concerns? Get in touch!
      • Discord:   https://discord.gg/q5Mzpuw
      • Telegram:https://t.me/joinchat/DWUX60UhH9I13Pfq1VK8tg
      • Github:   https://github.com/DanielChain/PyChain-nofork

    For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
    admin@pychain.io or  on any other of our communication channels.



    TIMELINE:

    • 24.06.2018 - Development began
    • 30.09.2018 - Bitcointalk ANN Thread
    • 3.10.2018 - Delay of Github release due to a flaw
    • 11.10.2018 - Release of Github, further announcements
    • November 2018 - Implementation Bitcoin-like RPC API and exchange listings
    [/list]

    Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
    Post by: gpu-pool.com on September 30, 2018, 03:26:41 PM
    reserved

    Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
    Post by: gold969 on September 30, 2018, 04:07:12 PM
    Quote from: eljundrilo on September 30, 2018, 02:32:58 PM
      https://i.imgur.com/gMgqB14.png
      • What is PyChain?
        PyChain is a Python-based Blockchain and is meant to provide two things:
        -An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
        -An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
      PyChain uses several bits  of code from Bismuth, because it is an already excellent implementation of a Python-based dApp platform which provides many references for implementations used in non-dApp-platforms too.

      PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.

      This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)


      • Technical Summary
        • System: PoW until reference implementation for PoS is tested and ready to use
        • Hashing algorithm: SHA224
        • Signing algorithm: PKCS1_v1_5
        • Transaction size: to be announced
        • Mining reward: to be announced
        • Difficulty: dynamically controlled
        • Difficulty retarget: each block
        • PoW rewards: 50,000,000 in total
        • PoS rewards: to be announced
        • Smallest unit:  0.00000001, similar to a Satoshi in Bitcoin
        • Efficiency and readability optimized
        • Asymmetric message and data encryption
      • What purpose does PyChain have?
        As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
        MacOS, Android, iOS are planned.
      • Exchanges?
        Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.

        To do this, we will provide full transparency on all transactions of our funds:
        You, as an investor, can see how much we spend and for what.

        As we need funds for exchange listings, we will have to do a fundraise:
        Every 500 Satoshi nets you 1 PYCH.
        => 1 BTC = 200000 PYCH

        This "presale" is limited to 10*200000= 2 Million PYCH, because this should be enough to list PYCH on exchanges such as Cryptobridge and Cryptopia.

        To participate in this presale, please proceed as following:
        • 1. Send me a message, either via Telegram, Discord or Bitcointalk PM, before you send BTC. This way, I can confirm a certain transaction is from you.
        • 2. Send the corresponding amount of BTC to:  3GszLsAmQiEs1GrDMx7NALHgaKwqvh1kYP .
          In case you're somehow concerned about that, please don't hesitate to communicate. I will answer as soon as possible via all communication channels listed below.
        • 3. As soon as the wallet is up and live, download it from the official github (listed below, links will be posted here too), send me your address and I'll send you the amount of PYCH you bought.
      • Any questions or concerns? Get in touch!
        • Website:  Pychain.io (under construction until 2nd of October 2018
        • Discord:   https://discord.gg/jCFjpp
        • Telegram:https://t.me/joinchat/DWUX60UhH9I13Pfq1VK8tg
        • Github:    Release on 3rd of November 2018, 12:00 GMT

      For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
      admin@pychain.io or  on any other of our communication channels.



      TIMELINE:

      • 24.06.2018 - Development began
      • 30.09.2018 - Bitcointalk ANN Thread
      • 31.10.2018 - End of presale, release of stable Wallet V1
      • November 2018 - Implementation Bitcoin-like RPC API and exchange listings
      [/list]



       you have little information to attract investors, for example, what are your personal interests? pre-mined?

      Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
      Post by: eljundrilo on September 30, 2018, 04:29:51 PM
      Quote from: gold969 on September 30, 2018, 04:07:12 PM
      Quote from: eljundrilo on September 30, 2018, 02:32:58 PM
        https://i.imgur.com/gMgqB14.png
        • What is PyChain?
          PyChain is a Python-based Blockchain and is meant to provide two things:
          -An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
          -An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
        PyChain uses several bits  of code from Bismuth, because it is an already excellent implementation of a Python-based dApp platform which provides many references for implementations used in non-dApp-platforms too.

        PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.

        This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)


        • Technical Summary
          • System: PoW until reference implementation for PoS is tested and ready to use
          • Hashing algorithm: SHA224
          • Signing algorithm: PKCS1_v1_5
          • Transaction size: to be announced
          • Mining reward: to be announced
          • Difficulty: dynamically controlled
          • Difficulty retarget: each block
          • PoW rewards: 50,000,000 in total
          • PoS rewards: to be announced
          • Smallest unit:  0.00000001, similar to a Satoshi in Bitcoin
          • Efficiency and readability optimized
          • Asymmetric message and data encryption
        • What purpose does PyChain have?
          As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
          MacOS, Android, iOS are planned.
        • Exchanges?
          Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.

          To do this, we will provide full transparency on all transactions of our funds:
          You, as an investor, can see how much we spend and for what.

          As we need funds for exchange listings, we will have to do a fundraise:
          Every 500 Satoshi nets you 1 PYCH.
          => 1 BTC = 200000 PYCH

          This "presale" is limited to 10*200000= 2 Million PYCH, because this should be enough to list PYCH on exchanges such as Cryptobridge and Cryptopia.

          To participate in this presale, please proceed as following:
          • 1. Send me a message, either via Telegram, Discord or Bitcointalk PM, before you send BTC. This way, I can confirm a certain transaction is from you.
          • 2. Send the corresponding amount of BTC to:  3GszLsAmQiEs1GrDMx7NALHgaKwqvh1kYP .
            In case you're somehow concerned about that, please don't hesitate to communicate. I will answer as soon as possible via all communication channels listed below.
          • 3. As soon as the wallet is up and live, download it from the official github (listed below, links will be posted here too), send me your address and I'll send you the amount of PYCH you bought.
        • Any questions or concerns? Get in touch!
          • Website:  Pychain.io (under construction until 2nd of October 2018
          • Discord:   https://discord.gg/jCFjpp
          • Telegram:https://t.me/joinchat/DWUX60UhH9I13Pfq1VK8tg
          • Github:    Release on 3rd of November 2018, 12:00 GMT

        For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
        admin@pychain.io or  on any other of our communication channels.



        TIMELINE:

        • 24.06.2018 - Development began
        • 30.09.2018 - Bitcointalk ANN Thread
        • 31.10.2018 - End of presale, release of stable Wallet V1
        • November 2018 - Implementation Bitcoin-like RPC API and exchange listings
        [/list]



         you have little information to attract investors, for example, what are your personal interests? pre-mined?

        There is no premine and there will be no premine. The first 2 Million PYCH will be generated and sold in the presale. Anything leftover from the presale will be burned.

        We will profit from this coin when merchant payment gateways will be implemented, because we will take a small fee (0.1%) of each merchant transaction.


        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: ruplikminer on September 30, 2018, 10:36:31 PM
        How to mine? is it ASICS resistant? GPU? CPU?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: eljundrilo on October 01, 2018, 10:13:29 AM
        @ruplikminer

        Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: eljundrilo on October 01, 2018, 06:18:33 PM
        Quote from: Achargeturry78 on October 01, 2018, 11:05:19 AM
        Quote from: eljundrilo on October 01, 2018, 10:13:29 AM
        @ruplikminer

        Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.

        is your coin made from scratch?

        Not entirely. Some major components are forked from Bismuth.
        My goal is to alter this code and expand it with my own to fit our use case and write decent documentation (because that's what bugged me the most when I tried to understand Bitcoin, Dash and similar coins).

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: mnprosoft on October 01, 2018, 07:23:21 PM
        discord link broken.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: eljundrilo on October 02, 2018, 10:10:37 AM
        Thank you, I renewed the discord link:

        https://discord.gg/WwnMVSm

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system
        Post by: eqpoolcom on October 02, 2018, 03:37:24 PM
        reserved

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: LITEX-DEV on October 25, 2018, 05:36:27 AM
        https://darkwebnews.com/wp-content/uploads/2017/05/Scam-alert1.jpg

        Don't trust! He is a scammer!!! This dev wanted to overtake another coin and he scammed the dev team!!!

        He is without money and he will make money with this presale!

        Daniel his name from Paderborn in Germany.

        Even for this project he have no money to list it on a exchange. You will loose every cent when you will invest here!
        [/color][/b]

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: Fearlessfight3r on November 11, 2018, 06:14:07 PM
        Do you need translation

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: MassiveStroke on November 11, 2018, 08:56:03 PM
        Where can i find Roadmap or white paper?I did not see

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: ImaginePeresti on November 11, 2018, 11:12:01 PM
        What is this a joke :) ):)

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: lukireyuzi on November 12, 2018, 01:58:36 AM
        They are upgrading it to a supergroup now - you will be allowed to join soon.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: ImaginePeresti on November 12, 2018, 03:15:04 AM
        I still can mining do solo this coin?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: E1k2n on November 12, 2018, 08:01:47 AM
        Quote from: Fearlessfight3r on November 11, 2018, 06:14:07 PM
        Do you need translation

        Always possible in the future, keep watching the progress and announcements on discord

        Quote from: MassiveStroke on November 11, 2018, 08:56:03 PM
        Where can i find Roadmap or white paper?I did not see

        As for now, roadmap and white paper has not been officially released

        Quote from: lukireyuzi on November 12, 2018, 01:58:36 AM
        They are upgrading it to a supergroup now - you will be allowed to join soon.

        Dev is still looking for workers who wants to dedicate their time on the project

        Quote from: ImaginePeresti on November 12, 2018, 03:15:04 AM
        I still can mining do solo this coin?

        There is no pool or miner available at this point in development



        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: E1k2n on November 12, 2018, 08:21:50 AM
        Quote from: MXshine on November 12, 2018, 03:32:27 AM
        Great project, looking forward  a pleasant cooperation, we want to list you coin on our exchange. A great start, search MXshine! or  marketing@mxshine.com

        www.mxshine.com

        Thanks for your application. As a community coin we will look into your offer when time is there.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: eljundrilo on November 12, 2018, 08:58:35 AM
        Thanks @E1k2n  for answering the questions.
        I'm in contact with hiim via our Discord, sorry for checking back on Bitcointalk so seldom.
        For further inquiries about listings or questions, please also feel free to refer to our Telegram Group or official Discord as mentioned above.

        A full whitepaper and a roadmap are to be released in the upcoming 2 weeks.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: kexukamugu on November 13, 2018, 02:39:47 AM
        Hoping for the best for this project.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: mubecay on November 13, 2018, 04:20:24 AM
        where will there be a pool? How many current node is active? Do you have plans for any exchange?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: kexukamugu on November 13, 2018, 06:36:07 PM
        Thanks Dev team and coders.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: wovomel on November 14, 2018, 07:11:56 AM
        Yes, it is a gold coin!

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: yiyosawese on November 14, 2018, 08:23:00 AM
        which should I use POLL

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: jotopofapi on November 15, 2018, 04:48:35 AM
        How do you encrypt your wallet file with a swing wallet

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: jitujokope on November 15, 2018, 11:54:19 AM
        Nicehash entry to coin ?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: lehusexu on November 17, 2018, 08:35:18 AM
        Any bounty for discord?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: wado on November 17, 2018, 09:13:47 AM
        Nicehash entry to coin ?

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: lehusexu on November 17, 2018, 10:23:51 PM
        I have studied the project and it looks good

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: eljundrilo on November 18, 2018, 01:48:55 PM
        Quote from: mubecay on November 13, 2018, 04:20:24 AM
        where will there be a pool? How many current node is active? Do you have plans for any exchange?

        Currently we secured our spot on the upcoming DACH Exchange, made by developers of DACH coin.
        You can read a bit about this on our official discord.
        Also, a bit of information on DACHEX: https://www.dachcoin.live/.

        Currently there is no miner logic implemented yet, as we concentrate on making the project understandable and therefore begin with writing documentation and specifying the underlying protocols, which is also why there is no mainnet yet.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: nifehej on November 19, 2018, 05:16:58 AM
        They are upgrading it to a supergroup now - you will be allowed to join soon.

        Title: Re: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork]
        Post by: LITEX-DEV on December 31, 2018, 04:48:38 PM
        What about the timeline, nothing?  :D

        24.06.2018 - Development began
        30.09.2018 - Bitcointalk ANN Thread
        31.10.2018 - End of presale, release of stable Wallet V1
        November 2018 - Implementation Bitcoin-like RPC API and exchange listings

        Like I said, SCAM project! He have even not the money for a website....  :D


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