[PPC] [XPM] Peercoin/Primecoin Weekly Updates

[Sunny King]

Weekly Update #106

• Web wallet platform is under development and testing. The platform should be able to support multi-currency functions. Stay tuned!

Have fun!

[1714861260]

1714861260

[Sunny King]

Weekly Update #107

• Mike has the proposed change to peercoin's duplicate stake protocol under review and testing. This protocol change aims to introduce a disincentive to minting on multiple blockchain forks.
• A brain wallet implementation is still under development and testing.

Have fun!

[Sunny King]

Weekly Update #108

• Jordan has announced planned release of Nubits on September 23rd (http://www.peercointalk.org/index.php?topic=3357). Nubits aims to provide a solution to volatility, using a peershare implementation. More details would be available at the release time. Congratulations Nubits team!
• A JSON-RPC API extension has been implemented to provide web wallet service. Currently we are testing brain wallet functions using primecoin. A combined peercoin/primecoin brain wallet would be developed once the basic wallet works.

Have fun!

[Sunny King]

Weekly Update #109

• Matthew Mitchell releases beta android wallet: http://www.peercointalk.org/index.php?topic=3331.0
• Peercoin main discussion on bitcointalk.org is now moved to https://bitcointalk.org/index.php?topic=793142. Sentinelrv gaves a great presentation of the overall project in the new thread.
• Nubits project to be released soon by Jordan and Nubits team.

Have fun!

[Sunny King]

Weekly Update #110

• Nubits project (http://nubits.com/) is now released by Jordan and Nubits team. Nubits is a first implementation of peershare, utilizing its share and divident system. Nubits introduces fiat equivalent currency unit, pegged via share holder voting and interest system, with high degree of decentralization. Compared to centralized bank notes, such as exchange fiat balance, it has much better decentralization and privacy properties. In my opinion, Nubits is a highly interesting experiment in the cryptocurrency field, providing a class of digital currency with differing set of properties from centralized notes and cryptocurrencies.
• Congratulations to Nubits team on completing the first major DAC project in peercoin ecosystem!

Have fun!

[Sunny King]

Weekly Update #111

• Mike's work on duplicate stake protocol has been reviewed and scheduled for v0.5. This work introduces a change in the duplicate stake detection, such that when a block is received having the same proof-of-stake with the current best block (the latest block on main chain), the best block would be rolled back and proof-of-stake would be minted on top of previous block. At the same time, the block causing the rollback of best block is broadcasted to other nodes to take actions
• This solution introduces disincentive to minting on multiple branches, that is, this type of minters risk losing the acceptance of their blocks.

Have fun!

[Sunny King]

Weekly Update #112

• Peerunity v0.1.1 has been released (http://www.peercointalk.org/index.php?topic=3470.0) by the Peerunity team. It features more UI enhancements and bug fixes, especially UI enhancements related to minting. Congratulations to the Peerunity team!

Have fun!

[Sunny King]

Weekly Update #113

• I think our community is familiar with the importance of Peershare project. It serves as a template for running crypto ventures or businesses, also known as DAC's. Nubits has become the first project using the Peershare template. A shareholder voting system has been introduced so basically it can be run through semi-anonymous shareholders. This marks an important milestone in the history of cryptocurrency. So it is expected, many more ventures would be created in the future, eventually driving a prosperous crypto-economy.
• On the other hand, in the past decade we are experiencing a migration of personal computing to mobile devices, most notably, smart phones and tablets. So I think inevitably some of our successful ventures could take the form of web apps, that is more suited to mobile computing. So the brainwallet project would serve to showcase such a possibility, a model pairing open source web app with the full node. Unlike typical web service existing in the market, most of which are built with significant centralization. This model allows direct communication between web app and the full node, preserving a high degree of decentralization.

Have fun!

[Sunny King]

Weekly Update #114

• Since the release of Nubits, the exchange peg of nubits to USD appears to be working so far. It must be noted that, the fact that due to the peg it's under political control (fiat inflation) to some extent, is actually quite superficial. This is because, the pegging mechanism can be used to commodity money as well, especially gold. The fact that the project issues USD equivalent first is likely a market driven decision, as USD remains the dominating currency in the world.
• Also, Nubits inherit privacy features of bitcoin, thus having privacy properties very close to fiat cash. Let's recall that during Internet 1.0, David Chaum had a project known as digicash/ecash, which focused on anonymity of digital fiat. The project failed primarily due to political obstacles. But it was a big deal back then, as that was the only known way to preserve privacy in money at the time. That was before bitcoin brings decentralization technology to the market. It is decentralization that allows the market to freely launch currency projects without official support from banks and governments.
• Notably, Nubits now has achieved similar goals of ecash, despite having different compromises in its properties. And thanks to decentralization, nubits is now circulating in the market, while the other pioneers of market-driven digital currencies, ecash and e-gold, languished in the footnote of history.

Chronology:

1995 digicash/ecash, anonymous digital note
1996 e-gold, digital gold note
2009 bitcoin, decentralized digital currency
2012 peercoin, energy efficient decentralized digital currency
2013 peershare, decentralized autonomous/anonymous company
2014 nubits, decentralized pegged digital note

Have fun!

[Sunny King]

Weekly Update #115

• Bitspark (http://www.bitspark.io/), a new exchange based in Hong Kong begins trading support of Peercoin and Nubits.

Have fun!

[Sunny King]

Weekly Update #116

• YPool, the largest primecoin mining pool, now has an online wallet service (wallet.ypool.net) supporting Peercoin and Primecoin.
• Nubits mandatory upgrade to v0.5.0.
• Nubits is preparing for its period 1 divident payment in Peercoin.

Have fun!

[Sunny King]

Weekly Update #117

• ShapeShift Lens (http://www.shapeshift.io/lens.html), a new payment service that automatically converts currencies to bitcoin, now supports Peercoin and Nubits.
• peerchemist has released Peerbox v0.24 (http://www.peercointalk.org/index.php?topic=3592), with built-in 2FA support.

Have fun!

[Sunny King]

Weekly Update #118

• Nubits project issued its first dividend distribution in Peercoin this week. This is an important milestone not only in the Peercoin community, but also of cryptocurrency in general. It validates the new business model in cryptocurrency world. In my opinion it's a mark of profound changes, the rise of cryptoeconomy.
• blockparser (https://github.com/znort987/blockparser) now supports peercoin blockchain.

Have fun!

[Sunny King]

Weekly Update #119

• Excoin (https://exco.in/) is a relatively new exchange with sleek presentation. Excoin now supports both peercoin and nushares trading.
• Coinnomi (http://coinomi.com/) android wallet app now supports peercoin, nubits and nushares, with collaboration from the nubit team.

Have fun!

[Sunny King]

Weekly Update #120

• Peerunity v0.1.2 in release candidates (http://www.peercointalk.org/index.php?topic=3668.0).
• Mike has been making some good progress on the cold minting feature. The feature will introduce better security mechanism for Peercoin minters.

Have fun!

[Sunny King]

Weekly Update #121

• MatthewLM is now testing a new version of Peercoin Android wallet (http://www.peercointalk.org/index.php?topic=3331.0), that would introduce several new features.

Have fun!

[Sunny King]

Weekly Update #122

• Peercoin proof-of-stake difficulty has been rising steadily in the past few weeks.
• Latest peerbox release 0.24.2 by peerchemist at http://www.peercointalk.org/index.php?topic=3592
• We have seen the new model of ventures the peershare way via nubits, it is highly encouraging for the community to explore other possible ventures with this model. I would also try to contribute to the future support and development of peershare infrastructure.

have fun!

[Sunny King]

Weekly Update #123

• Mike is now code complete with the backend of the cold-minting feature. The feature allows for minting with special mint-only key, while the corresponding spending key can be stored in a cold wallet. This safeguards the coins of a minting wallet from hackers who gain unauthorized access to user's system.
• The feature will be under review and testing in the following weeks.

Happy New Year!

[Sunny King]

Weekly Update #124

• mably made a nice tool to look where the peercoin nodes are in the world! (http://www.peercointalk.org/index.php?topic=2968.0)
• Excoin (https://exco.in/) now supports nubits trading, with direct markets between nubits and peercoin, nubits and nushares.

Have fun!

[Sunny King]

Weekly Update #125

• emeth is working on a messaging application on top of peercoin network (http://www.peercointalk.org/index.php?topic=3773). It's a very interesting project in my opinion, as it tries to store the payload somewhere other than the blockchain, reducing blockchain bloat in the process.

Have fun!