If you're going to make an altcoin here's some features you might want to think about. The most pressing ones imho are in bold.
- faster than Bitcoin
- open surface / API for decentralised exchange:
-interfaces with ripple?
-or with another cryptocurrency that doesn't exist yet? (for price stability via easier speculation)
- ^ and/or built in escrow (or multisig)
- related to the above, namecoin functionality but wider in scope than just domains
- proof of stake, quorum efficiency improvements
- prime number search or similar
- fixed small blockchain through mini-blockchain
- i2p, tor support
- merged mine compatible with another large coin for fast security startup
- no inflation built in at the start, switch to demurrage in 90 years time (next generation)
Other aspects to think about:
- programmed in something assessable, quick to dev with, i.e. python (pybt)
- could be applicable to a particular community for some reason
i get to work with a large variety on these forums, i can safely say that faster than BTC has been done and perfected....however it has sacrificed some security.
Ripple is a no go, any form of interfacing that branches out would need years of work and may still be impractical due to size issues. Just imagine trying to corral two or more seperate herds of cows
the escrow idea is good in theory, but again, size and security will need serious attention.
Proof of stake is what the copy pasters are playing with now, so after a rush of coins, we'll see the viable implementations.
prime numbers have existing candidates. one once argued phone call encryption for all that delays initial connections by a fraction of a second by picking a random hash from the chain and using it to secure calls. basically, lets look for things we can practically apply our computing power to.
the mini blockchain idea requires breakthroughs that i think are still a year or two away if people get serious.
merged mining is nigh impossible for sCrypt, believe me, we tried and are still trying.
the last part........why?
