CGB Core Team Weekly Update – April 1, 2014

Please also see the Reddit post for further discussion.

We are please to be able to report that smooth progress is being made with both our next CGB client software update, but also with the official CGB website and Reddit presence. Artiface has incorporated the latest Novacoin upgrades appropriate for the CGB client software including coin control features that allow selecting which inputs to use when sending coins. Also expected for next release is automatic PoS check-pointing, visualization of minting, time to next mint, GUI unlock, and more. We are also in the investigating and planning stages of considering a change to the PoW and PoS logistics with the greatest emphasis put on maintaining the inflationary profile.

In the interest of open collaboration, we would like to elaborate on this topic by first describing our thoughts and progress. Two drivers motivate these investigations. One is that our current PoW block target of one minute is too frequently causing collisions with the PoS blocks. While this is not a security risk, it does cause inefficiencies in the network. Second is that while we have the chance, we would like to study the possibility of reducing the minimum coin age for minting to increase participation in the network's security. For the collision issue, we are considering bumping the PoW block time from every minute to a maximum of every ten minutes while multiplying the reward by ten. The PoS minimum coin age could be reduced to as low as daily while rewarding with a 1% rate while leaving the maximum coin age at 90 days with a reward rate of 1.5%. We very much appreciate any input or analysis that we can get from the community especially in comparison to how other coins may be doing it better.

Much work has been done to the official CGB website over the weekend. In addition to the marketing strategy, the CGB Community Powered Promotion campaign has also been formalized on the marketing page of the website. I have added brand guidance which will be expanded upon, as well as a gallery of both official CGB images and community produced content. Throughout the site and on the Reddit sidebar there is now a link to “Promote CGB! Rally Point.” This leads active CGB community members to the /r/GotCrypto subReddit, a place for posting and discussion of various opportunities and material which are of interest to those who wish to promote CGB.

The CGB Resources section of the website has been completely updated to be a one-stop shop for anything one would need, to learn about, use, and promote, Cryptogenic Bullion. The community section has also been updated but is still far from its potential. Under a section called Support CGB, we have included a link to our community driven effort to translate CGB's new website! I would like to thank spac3_invad3r for bringing this up and stepping forward to help organize this monumental task! We must ask that all community members who are able to translate our website from English to any other language consider helping us to maintain our proud history of broad multilingual support.

April is an exciting month for Cryptogenic Bullion as we look forward to releasing the new client version, completing development of the website, and celebrating the addition of CGB to the Vault of Satoshi exchange supporting direct CAD or USD exchange with CGB. In the near term we also plan to bring some more advanced new features and a more modern branded look to the CGB client software. Finally, I believe by now the downward trend identified in this chart (feb analysis) has intersected the long term 0.001CGB/BTC buying support line. In technical analysis we would expect a high level of volatility when two trends, or forces, oppose each other until a breakout is sustained one way or the other.

This is certainly going to be an exciting month!

The CGB Core Team

Good news,Ecoinfund added cgb now.

ecoinfund.com,great potential to be chinese counterpart of cryptsy