Bitcoin Forum
June 23, 2018, 01:38:57 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 »  All
  Print  
Author Topic: Please Delete!!!  (Read 25044 times)
crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:03:01 PM
 #1


It is my honor to today release the new altcoin named "Crypto" (short: "CTO").
Crypto is a brand new coin, designed from the future, and with merged ideas from all the best altcoins.
It features fast transaction times, identity protection, ASIC - resistance (application-specific integrated circuit),
and perhaps most importantly: protection against inflation.
If you are interested in learning more about this coin, please visit the official website: (Temporary website):
http://tailflick.wix.com/official-crypto


About Crypto:

(image designed by: Houndirno) Thanks bro!

Crypto is a decentralized cryptocurrency designed for short transaction times, anonymity and a consistent, stable value. Crypto is a coin designed with the best features of the other cryptocurrencies around; its purpose is to form a flawless coin with a strong community based on all the great ideas of other cryptocurrencies. There is also another purpose of Crypto; to fix a problem which almost all the other cryptocurrencies have to endure. As more coins are generated the value of these coins goes down by a great amount over time becuase the amount of coins you get is only lowered every few years. However, this is not the story for Crypto. Every 10 days, the amount of Crypto distributed to the miners is lowered, which should fix de inflation issue. In addition, the decrease in Cryptos can be fully customized at any time without having to fork the block chain due to the programming structure of the subsidy.

The graph down below demonstrates the percentage decrease in subsidy according to the initial subsidy, every ten days for the next 20 years.


As seen on the graph, the amount of coins distributed to the miners decreases more and more as time goes by. In theory, the value of Crypto would rise with how hard it is to obtain them which means that more investors will be interested in buying Crypto, thus giving Crypto a higher value.

Moreover, Crypto uses a proof-of-work algorithm which ensures that "ASIC-miners" cannot completely overtake the mining power of the network and thus weakening the security. "ASIC" stands for "application-specific integrated circuit" and are used by miners to mine coins way faster than possible for any standard computer. The issue with ASICs is that they ruin the concept of a decentralized currency, as companies can invest large amounts in such devices and completely overtake the network. The Lyra2RE algorithm which Crypto uses for hashing transactions, is designed to be ASIC- resistant: By other words, it is impossible to mine with anything but a standard computer.

In addition, Crypto uses Dark Gravity Wave 3, with only 30 second block times. DGW prevents Crypto for being a victim to merged mining, where the difficulty may fluctuate so much it could take hours, or seconds, to mine a block. The 30 second block time is also an attempt to try to fix a problem with many other cryptocurrencies: Transaction times. This ensures that all transactions should be completed in less than 30 seconds.

Finally, Crypto features stealth addresses which ensures that users of Crypto can (if they want to) send and receive Cryptos withouth the possibility of linking the transactions to your address, which means you can stay anonymous. The problem with many other cryptocurrencies is that when you send somebody some coins, or receive, people can link this transaction to your account and see all the transactions made by that account. If you want to read more about stealth addresses, please visit: https://vertcoin.org/wp/stealth-addresses/

Details:
Crypto is designed for ASIC-recistance, dezentralazation and protection against inflation.

Cryptos’s algorithm (Lyra2RE is designed to resist the development of custom mining hardware (socalled ASIC-miners), ensuring that transactions are validated by a widely distributed network, to support the decentrelazation of the coin and protect its privacy.

The Lyra2RE algorithm was designed by the Vertcoin developers, if you want to read more please visit: https://vertcoin.org/Vertcoin-DavidMuller.pdf


Technical details:

POW Algorithm: Lyra2RE
Total amount of coins: 65789100 CTO (will be generated over the course of approximately 25 years)
Block time: 30 seconds
Block rewards (subsidy): Initially 5 CTO, reduced every 10 days (28800 blocks) with 0.00547945 CTO
Block subsidy never halves (read above)
Difficulty re-target time: 30 seconds (retarget every block with Dark Gravity Wave)
Features anonymous stealth addresses along with regular addresses.
Premine: Approx 0.025% - Now, before commenting on the premine, please read this:


The premine (0.025%) of Crypto is certainly a subject that will be discussed and criticized, which of course is not without reason. However the intention of the premine is:

    *    Use the profit to run/improve servers, nodes, websites and hire a professional team.

    *    Use the profit to pay the bills of different services and developers.

    *    Emphasize that the Crypto team will not make any money on this project, save for the premine which will be used for improving this project. Also, the developers
          themselves will have no other benefits or early access to mine the coin.

    *    Distribute the premine to different sources to make sure of market variety.

    *    Use some of the premine to pay the developers for their work.

    *    We want Crypto to be as decentralized as possible. Not making any money on the project save for the premine, means that Crypto will be brought forward by the entire
          community, rahter than a small group of people, as Crypto will be built on the base of making a good, decentralized currency rather than making profit.
 
    *    Distribute Crypto to random people, using the giveaway to generate hype around the coin.

Get Started:

Read this if you have downloaded Crypto-qt before:

Previously, Crypto had an unsuccessful launch that only lasted for a few hours, and thus some of you might already have downloaded the crypto-qt. Now, it is very important that you download the new release of crypto-qt, and that you delete your old wallet - if not you will not be able to connect to the Crypto network. Do this by navigating to "run" by pressing the "windows button" and then "r". Type "%appdata%" without the apostrophes, and click on the folder "Roaming". Inside the Roaming folder, delete the folder named "Crypto" and now you can download the new wallet and start it up normally.

Virus scan for the Qt file:
https://www.virustotal.com/en/file/eaf61fcaccad2a5f4079ffaeab00234c16610a5574e79a06a18c34ac77e41cef/analysis/1430423270/   - Linux version
https://www.virustotal.com/en/file/790fff1c94cdda7729c128aebd8d5794faf558a1f6e928304de3c00dc7ffc030/analysis/1430419047/    - Windows version

To get started and download a wallet, please visit the official website:
http://tailflick.wix.com/official-crypto#!get-started/cc6n


Miners/pools:

Crypto miners using Lyra2re:

GPU: https://github.com/tpruvot/ccminer/releases
CPU: https://github.com/tpruvot/cpuminer-multi/releases

Mining pools:

https://crypto.maxminers.net
https://crypto.suprnova.cc/

Social:

Website:

http://tailflick.wix.com/official-crypto

Twitter:

https://twitter.com/officialCrypto

Irc chat:

https://kiwiirc.com/client/irc.freenode.net/#crypto-official

Exchanges:

https://c-cex.com/?p=cto-btc

Block explorers:

http://cryptobe.com/chain/CryptoCoin

Crypto price chart:

http://worldcoinindex.com/coin/crypto

Giveaway:

To increase popularity about Crypto, there will be a giveaway at the official website, where all users can obtain free Crypto, without any obligations.
Please download the wallet, and feel free to participate and earn some free CTO down below:
http://tailflick.wix.com/official-crypto#!giveaway/c4qi

Github source code:

https://github.com/crypto-official/crypto

Want to know more about Crypto? Please visit the official website! (Temporary website)

http://tailflick.wix.com/official-crypto

Pro tip of the day:
Crypto is now on an exchange! Want to exploit the early market of Crypto?

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
1529717937
Hero Member
*
Offline Offline

Posts: 1529717937

View Profile Personal Message (Offline)

Ignore
1529717937
Reply with quote  #2

1529717937
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529717937
Hero Member
*
Offline Offline

Posts: 1529717937

View Profile Personal Message (Offline)

Ignore
1529717937
Reply with quote  #2

1529717937
Report to moderator
1529717937
Hero Member
*
Offline Offline

Posts: 1529717937

View Profile Personal Message (Offline)

Ignore
1529717937
Reply with quote  #2

1529717937
Report to moderator
1529717937
Hero Member
*
Offline Offline

Posts: 1529717937

View Profile Personal Message (Offline)

Ignore
1529717937
Reply with quote  #2

1529717937
Report to moderator
ocminer
Legendary
*
Offline Offline

Activity: 2142
Merit: 1210



View Profile WWW
April 30, 2015, 04:03:37 PM
 #2

ah again

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:03:56 PM
 #3

Again?
Litecoinkid
Full Member
***
Offline Offline

Activity: 135
Merit: 100


View Profile
April 30, 2015, 04:06:13 PM
 #4

Really?
dannygroove
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile WWW
April 30, 2015, 04:06:16 PM
 #5

Vertcoin?
crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:09:39 PM
 #6

Vertcoin?

Vertcoin uses the same algorithm: Lyra2re

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:09:50 PM
 #7

{
"blocks" : 8,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.02242099,
"errors" : "",
"generate" : false,
"genproclimit" : 4,
"hashespersec" : 0,
"networkhashps" : 21,
"pooledtx" : 0,
"testnet" : false
}

CCminer is not finding blocks again...
**D!ABLO**
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
April 30, 2015, 04:11:07 PM
 #8

It is my honor to today ignore the new altcoin named "Crypto"
crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:16:09 PM
 #9

{
"blocks" : 8,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.02242099,
"errors" : "",
"generate" : false,
"genproclimit" : 4,
"hashespersec" : 0,
"networkhashps" : 21,
"pooledtx" : 0,
"testnet" : false
}

CCminer is not finding blocks again...

You need to use a miner specifically for the Lyra2Re algorithm, which can be found at: https://vertcoin.org/wp/mining/

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
Teezy
Jr. Member
*
Offline Offline

Activity: 30
Merit: 0


View Profile
April 30, 2015, 04:19:00 PM
 #10

Lyra2RE im in!  Grin
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:22:20 PM
 #11

You need to use a miner specifically for the Lyra2Re algorithm, which can be found at: https://vertcoin.org/wp/mining/

crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:22:30 PM
 #12

Lyra2RE im in!  Grin

Cool Cheesy good luck bro, and remember that if you want 1 free Crypto, visit this site: http://tailflick.wix.com/official-crypto#!giveaway/c4qi

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:27:12 PM
 #13

"Warning: Displayed transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade."
crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:28:26 PM
 #14

You need to use a miner specifically for the Lyra2Re algorithm, which can be found at: https://vertcoin.org/wp/mining/



You are using the wrong algorithm, and I think you need a custom miner. You are running "lyra2" algorithm, this coin runs on the "Lyra2Re" algorithm Wink good luck with the mining though

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:30:37 PM
 #15

You are using the wrong algorithm, and I think you need a custom miner. You are running "lyra2" algorithm, this coin runs on the "Lyra2Re" algorithm Wink good luck with the mining though

I downloaded miner from here https://vertcoin.org/wp/mining/

There is no other lyra2 algo

crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:34:06 PM
 #16

You are using the wrong algorithm, and I think you need a custom miner. You are running "lyra2" algorithm, this coin runs on the "Lyra2Re" algorithm Wink good luck with the mining though

I downloaded miner from here https://vertcoin.org/wp/mining/

There is no other lyra2 algo



Hmm, are you sure your set up is correct, and set for solo mining?

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
ocminer
Legendary
*
Offline Offline

Activity: 2142
Merit: 1210



View Profile WWW
April 30, 2015, 04:35:22 PM
 #17

Is this the same coin & dev which was aborted after a few hours a few days ago ?

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:35:42 PM
 #18

Hmm, are you sure your set up is correct, and set for solo mining?

Of course. I use the same setup for all coins and algos.
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 30, 2015, 04:37:11 PM
 #19



And VERT CPU miner...

crypto-official
Full Member
***
Offline Offline

Activity: 161
Merit: 100

Crypto [CTO] The Asic Resistant Altcoin!


View Profile
April 30, 2015, 04:39:12 PM
 #20

Is this the same coin & dev which was aborted after a few hours a few days ago ?

Yes, Only this time we are reliant on that other people can run nodes, cause we will have no profits :/

Crypto [CTO] - brand new altcoin: ASIC-resistant, inflation protected and anonymous
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!