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Author Topic: [ANN][DGC] Digitalcoin | Multi-algorithm | BTC38.Com Traded | Launched in 2013  (Read 23797 times)
Tsquared
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August 07, 2015, 12:22:16 AM
 #21

Hi.
So how many coins will be in the Digitalcoin system?
In the previous version of this coin I remember the number of 200 million coins. This value is now changed?

Not sure we're absolutely certain, but the total supply should end up being around 48,166,000.

TT
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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August 07, 2015, 06:38:49 AM
Last edit: August 07, 2015, 06:50:19 AM by BitcoinNational
 #22

Good question bitcoin1387 and defaced,

Because the others threads are all created with a personnal account.
This account isn't a private account. It's the DGC foundation community account on BTC.

The menbers of the foundation have access to this account and it's that why a new thread is created.
Updates can be done even if people leave.

Good intention but what is to prevent a foundation member to change the password before leaving?  Back to square one if that happen...


-tb-

Folks come and go and an ANN on a personal account can't be updated. This won't prevent intentional malicious intent, but as long as nobody has bad intentions this can be updated going forward.

Not sure if it's just my device, but it doesn't look like the screen shot to me. I see a very long skinny column of text.


don't know if talked already BUT

why not
1. publicly id the account holder(s)
2. publicly id 2-5 trustworthy people holding a password copy just in case something happens

cover all the bases / do it cryto style Cool

--------------
OP
"Confirmations average 40 seconds"

What is the block speed?
How many confirmations are needed?

scrypt-sha-x11 loop = 120sec?

you can put it in fine print at the bottom of the OP but full detail tech specs please Cheesy

                ▄██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
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─────────────────
Revolutionized.  ──


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Tsquared
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August 07, 2015, 12:09:41 PM
 #23

Good question bitcoin1387 and defaced,

Because the others threads are all created with a personnal account.
This account isn't a private account. It's the DGC foundation community account on BTC.

The menbers of the foundation have access to this account and it's that why a new thread is created.
Updates can be done even if people leave.

Good intention but what is to prevent a foundation member to change the password before leaving?  Back to square one if that happen...


-tb-

Folks come and go and an ANN on a personal account can't be updated. This won't prevent intentional malicious intent, but as long as nobody has bad intentions this can be updated going forward.

Not sure if it's just my device, but it doesn't look like the screen shot to me. I see a very long skinny column of text.


don't know if talked already BUT

why not
1. publicly id the account holder(s)
2. publicly id 2-5 trustworthy people holding a password copy just in case something happens

cover all the bases / do it cryto style Cool

--------------
OP
"Confirmations average 40 seconds"

What is the block speed?
How many confirmations are needed?

scrypt-sha-x11 loop = 120sec?

you can put it in fine print at the bottom of the OP but full detail tech specs please Cheesy

Thanks for your input BitcoinNational.

Obviously teillagory is one of the account holders, and the other is myself, Tsquared. It is just the two of us at present as administration of the Digitalcoin Foundation is still in progress. Once complete, other Core Foundation members will also have access to this "Digitalcoin Foundation" bitcointalk account.

Thank you for your advice. We will add "Managed by user1, user2, user3" at the bottom of the ANN in order to provide full transparency.

I am not the most technical person, and maybe someone else can explain better, but block speed is 40 seconds average, and typically 6 confirmations are required. Blocks are created by each algorithm independently, not collectively, so I changed:

"Blocks are hashed using Scrypt, x11, and SHA256 algorithms."
To:
"Blocks are hashed using Scrypt, x11, or SHA256 algorithms."

But, only 3 consecutive blocks can be found using a single algorithm as described under "Algorithm Control", and difficulty is adjusted across all three algorithms simultaneously as each block is found. The only other coin to utilize this type of multi algorithm system, to my knowledge, is myriadcoin, and the result is a very consistent daily block rate (https://chainz.cryptoid.info/dgc/#!overview).

Any input as to how this can be explained better in the ANN would be greatly appreciated.

TT
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August 16, 2015, 10:52:49 AM
 #24

Chinese ANN translation done.

https://bitcointalk.org/index.php?topic=1148024.0

TT
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August 16, 2015, 11:09:32 AM
 #25

Wondering why you have created a new thread about Digitalcoin. What happened to the old one?
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August 16, 2015, 03:31:57 PM
 #26

Wondering why you have created a new thread about Digitalcoin. What happened to the old one?

The ANNs are still there. First one started by baritus (https://bitcointalk.org/index.php?topic=209508.0), second by kenel (https://bitcointalk.org/index.php?topic=785601.0), so hopefully this one will be permanent.
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August 16, 2015, 03:35:46 PM
 #27

where can I find coin exchange for this ?
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August 16, 2015, 03:48:53 PM
 #28

where can I find coin exchange for this ?


http://www.digitalcoin.org/exchange.php

http://digitalcoin.co/services/exchanges/
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August 19, 2015, 12:18:09 PM
 #29


DIgitalcoin has been added for trading @ https://btcpool.exchange

https://btcpool.exchange/Market?pair=DGC/BTC

https://btcpool.exchange/Market?pair=DGC/LTC

https://btcpool.exchange/Market?pair=DGC/HTML5

all with a 0.2% trading fee


Also Follow us on

https://twitter.com/btcpoolexchange

https://www.facebook.com/btcpool.exchange

https://bitcointalk.org/index.php?topic=1155964.0  (Official Forum Thread)

for the latest News
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August 22, 2015, 01:21:44 AM
 #30

Thanks for adding Digitalcoin.



Best of luck with your exchange!
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August 23, 2015, 02:36:40 PM
 #31

"Blocks are hashed using Scrypt, x11, or SHA256 algorithms."

"But, only 3 consecutive blocks can be found using a single algorithm as described under "Algorithm Control", and difficulty is adjusted across all three algorithms simultaneously as each block is found."

ELI5

I imagine 3 chickens pecking at the dish of rewards.
If chicken Alpha gets 3 rewards in a row he gets pushed away from the reward dish.
And has to wait out a turn. (this is correct?)

---

now in theory one algo could get shut out, no?

example:
sha sha x11
sha sha x11
x11 sha x11
sha sha x11

see no reward for scrypt

                ▄██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
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         ▀▀▀▀▀▀███████████▀▀▀▀
                      ▀██▀▀
─────────────────
Revolutionized.  ──


█████████████████████████
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August 23, 2015, 04:01:22 PM
 #32

is this the new official thread of Digitalcoin. Wondering because there are several open thread :/
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August 24, 2015, 12:37:30 AM
 #33

"Blocks are hashed using Scrypt, x11, or SHA256 algorithms."

"But, only 3 consecutive blocks can be found using a single algorithm as described under "Algorithm Control", and difficulty is adjusted across all three algorithms simultaneously as each block is found."

ELI5

I imagine 3 chickens pecking at the dish of rewards.
If chicken Alpha gets 3 rewards in a row he gets pushed away from the reward dish.
And has to wait out a turn. (this is correct?)

---

now in theory one algo could get shut out, no?

example:
sha sha x11
sha sha x11
x11 sha x11
sha sha x11

see no reward for scrypt


This is essentially the way it works, except that the difficulty adjusts across all three algorithms, so that as one or two goes up, the other one or two comes down in an attempt to balance the blocks across all three algorithms.

Would be really nice to have a custom blockchain explorer that provides some details on blocks found by each algorithm.

TT
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August 24, 2015, 01:29:57 AM
 #34

is this the new official thread of Digitalcoin. Wondering because there are several open thread :/

This is the new official DGC thread.

The first and second were done by retired community members who still use their personal accounts.
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August 24, 2015, 10:02:07 PM
 #35

Wondering why you have created a new thread about Digitalcoin. What happened to the old one?

The ANNs are still there. First one started by baritus (https://bitcointalk.org/index.php?topic=209508.0), second by kenel (https://bitcointalk.org/index.php?topic=785601.0), so hopefully this one will be permanent.

is this the new official thread of Digitalcoin. Wondering because there are several open thread :/

This is the new official DGC thread.

The first and second were done by retired community members who still use their personal accounts.

I have the same questions. How does it matter that retired community members have created the previous topics with regard to DigitalCoin? I mean, the topics still exist and continue to exist..

However, I'll regularly check this topic from now on too, as DigitalCoin is my all-time favorite altcoin Smiley.

{Curently quite inactive as I'm really busy in my private life. I will get back soon!}

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August 24, 2015, 10:36:12 PM
 #36

Glad to see DGC kicking...the IRC community for DGC is the best Smiley

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August 25, 2015, 02:35:12 AM
 #37

I have the same questions. How does it matter that retired community members have created the previous topics with regard to DigitalCoin? I mean, the topics still exist and continue to exist..

However, I'll regularly check this topic from now on too, as DigitalCoin is my all-time favorite altcoin Smiley.

Needed to make updates to the OP, and will need to do so in the future. I still watch the other ANN threads also.

I personally post most things on https://forum.digitalcoin.co though, even though we don't get too much participation. Would be nice to have a little more activity there.

TT
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August 25, 2015, 02:29:35 PM
 #38

Needed to make updates to the OP, and will need to do so in the future. I still watch the other ANN threads also.

Ah yeah, I did not think about that. Then you guys got a valid reason for keeping this topic as the leading one Wink.

I would love to participate more in the DGC forums, but I still do not have the time for that. The same applies for the chat-channel.

{Curently quite inactive as I'm really busy in my private life. I will get back soon!}

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August 27, 2015, 09:00:14 AM
 #39

ANN is update with english and chinese flag's thread.

If there's an another translation (deutch, spanish....) i update the ANN with specific thread.
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August 27, 2015, 12:59:47 PM
 #40

Greek's flag thread link is also added.
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