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Author Topic: [ANN] Multicurrencies | Test Net Live | Unmoderated  (Read 19005 times)
multicurrency (OP)
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November 19, 2015, 04:54:48 AM
Last edit: January 12, 2016, 05:13:55 AM by multicurrency
 #1

Multicurrencies


Background

Multicurrencies are multiple first-class currencies carried on a single block chain. The multicurrency platform is not a single "coin", but an evolving technology that will have major revisions. A rough, incomplete, summary of mulitcurrencies can be found in the locked thread: https://bitcointalk.org/index.php?topic=1170055

The first version is presently running in testnet for BreakoutCoin (https://bitcointalk.org/index.php?topic=808648), which was chosen to be the initial application for the multicurrency platform. It is acknowledged that BreakoutCoin has had some delays, but these issues are completely independent of multicurrencies, which engaged with BreakoutCoin long after its inception and coin sale.

BreakoutCoin is technically a proof of stake coin. However, the multicurrency platform allows for any combination of PoS and PoW, including pure variants of either.

Multicurrencies open dozens of use cases that may not be obvious at first consideration, especially when coupled with smart contracts, staking, and other technologies.

For example, BreakoutCoin represents the first decentralized asset where the principal, Brocoin, is separated from its interest earning potential, Brostake, which stakes Brocoin. Both Brostake and Brocoin have all the properties of any true first-class currency, including native support by the Bitcoin input-output transaction mechanism. This means, that for the first time in the history of decentralized assets (and perhaps in the history of finance in general), separate markets can exist for principal and its interest earning potential.

With the first version of the multicurrency platform complete, I have decided to make an unmoderated thread for community discussion and feedback.

The testnet code is closed source at the moment, but will be opened soon after release of BreakoutCoin.

All testers are welcome. I will send free testnet coins to any testers who make a request through PM. Stakers are especially encouraged and will need to supply a Brostake [BRX] address.

The BreakoutCoin community has become sizable, with much interaction at brocoin.slack.com. Please PM user BreakoutCoin (https://bitcointalk.org/index.php?action=profile;u=375738) to request an invitation to the slack channel if you are interested in more direct contact with either me or the BreakoutCoin team.


Downloads

https://github.com/multicurrency/Breakout-Releases/blob/master/README.md


Testnet Block Crawler

http://bro.cryptocertify.com/BlockCrawler/block_crawler.php

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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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WePromoteCrypto
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November 19, 2015, 04:55:17 AM
 #2

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So it's still testnet?
Koontas
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November 19, 2015, 04:58:15 AM
 #3

Congratulations.  I hope people understand the implications of the tech here.

Don't trust any exchange!
multicurrency (OP)
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November 19, 2015, 05:07:19 AM
 #4

Reading

So it's still testnet?


Yes. However, it has been heavily tested already and functions nearly perfectly. After a day of testing by about 25 people, we have managed to find only a few cosmetic bugs in the GUI.


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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 19, 2015, 05:10:14 AM
 #5

great ,i will join in test group.
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November 19, 2015, 06:13:01 AM
 #6

great ,i will join in test group.

its just a old coin?
oh  ~~~
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November 19, 2015, 06:18:10 AM
 #7

great ,i will join in test group.

its just a old coin?
oh  ~~~


No it is a testnet for a coin that hasn't been released yet. Please read the OP.


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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 19, 2015, 07:59:15 AM
 #8

Quite impressive. Will watch closer.
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November 20, 2015, 06:14:13 AM
 #9

what are the plans to mainnet launch ?
funnycoin
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November 20, 2015, 06:35:52 AM
 #10

Where can I find the source code to review?
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November 20, 2015, 10:44:34 AM
 #11

Hm. Won't this then open up another another large privacy-leaking surface on the blockchain? In which case, I wonder if it might have just abstracted the privacy problem to another level instead of fixing it. Whitepaper for this?
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November 20, 2015, 12:19:39 PM
 #12

Before testing anything I would like to see a whitepaper although this looks nice to try
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November 20, 2015, 01:18:40 PM
 #13

With no white paper or source code - I would be very wary of downloading this software, let alone using it.
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November 20, 2015, 01:22:45 PM
 #14

Congratulations.  I hope people understand the implications of the tech here.

What are the implications of this tech?
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November 20, 2015, 02:22:51 PM
 #15

Congratulations.  I hope people understand the implications of the tech here.

What are the implications of this tech?

idea s great,and what s devs plan of this.?
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November 20, 2015, 05:01:06 PM
 #16

Congratulations.  I hope people understand the implications of the tech here.

What are the implications of this tech?


First, this is the first decentralized asset where the principal is separable from it's interest earning potential. Moreover, the interest earning potential is transferable, allowing markets to exist for both.

This separability enables several use cases as follows (taken from https://bitcointalk.org/index.php?topic=1170055):

Use Cases

Arbitrary many-to-one staking relationships give multicurrencies several use cases that will be detailed here in the coming weeks. One of these use cases serves as the impetus for creating multicurrencies. These use cases vary slightly from those of colored coins or NXT/Counterparty type assets. Briefly, these multicurrency use cases include but are not limited to:

  • ICOs that can offer a staking currency for sale while reserving the full initial amount of the working currency for business purposes.
  • Coins that have a non-anonymous currency that mints a currency that can only be spent with anonymous transactions.
  • Incentive/collectible coins that can stake at very high rates. These coins can be limited in number, atomic (as described below), and only activate after a given time.
  • Coins that can be offered by ICO with zero inflation and therefore do not need to be staked to keep up with the money supply.

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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 21, 2015, 12:26:18 AM
Last edit: November 21, 2015, 12:43:19 AM by multicurrency
 #17

Before testing anything I would like to see a whitepaper although this looks nice to try

The whitepaper is public: https://bitcointalk.org/index.php?topic=1170055

I'm happy to answer any questions about the implementation.

I would release the source but it was written under contract with BreakoutCoin. It will be open source when BreakoutCoin is released.

Sandbox environments are available, like Sandboxie.



what are the plans to mainnet launch ?

Main net will launch with BreakoutCoin. Unfortunately it is not up to me to say when.


Hm. Won't this then open up another another large privacy-leaking surface on the blockchain? In which case, I wonder if it might have just abstracted the privacy problem to another level instead of fixing it. Whitepaper for this?

No privacy layer is in the current protocol. The current version has the same privacy characteristics as bitcoin itself.


I have mostly released these executables to demonstrate that the first version of the multicurrency platform (MC 1.0) is complete and working and also to solicit testers.

As has been observed, downloading executables and running them on a vulnerable machine is not recommended. Please use a sandbox environment. Testing is appreciated.


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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 21, 2015, 12:41:11 AM
Last edit: November 21, 2015, 01:09:56 AM by multicurrency
 #18

idea s great,and what s devs plan of this.?

Multicurrencies will be developed as a platform, not as any one specific coin. The intent is that it can be forked at any stage of development to serve as a tool for asset tracking and to use currency interrelationships to serve as metaphors for relationships between real-world assets.

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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 21, 2015, 06:58:44 AM
 #19

New Test Net Release with Several UI Bugs Fixed


Hosting has been changed to github because some users reported complaints by chrome and chromium when hosting at mediafire.


Downloads

Mac
https://github.com/multicurrency/Breakout-Releases/blob/master/Release-1.0.1.0/BreakoutCoin-OSX.zip

Windows
https://github.com/multicurrency/Breakout-Releases/blob/master/Release-1.0.1.0/BreakoutCoin-Win32.zip

Linux
https://github.com/multicurrency/Breakout-Releases/blob/master/Release-1.0.1.0/BreakoutCoin-Linux.zip

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████ ★ BREAKOUT COINWEBSITE  ♠ ♥ ♣ ♦  MULTICURRENCY SMART CONTRACTS + SIDECHAINS   ♠ ♥ ♣ ♦   BITCOINTALK THREAD   ████
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November 21, 2015, 07:26:06 AM
 #20


please check the node ,maybe tor 's issue ,it can not be connect .
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