The new PIEcoin will have following features:- Maximum amount of coins 84 million (staking rewards will then drop to 0% once this amount has been achieved)
- Masternodes 100,000 each (masternodes will then earn transaction fees of 1% as compensation for maintaining the network)
- The network address on the blockchain will be a social media username or email (people without technical understanding will be able to use PIE)
- There will be an Android wallet with simple functions (balance / send / receive / transaction history / contacts)
- The current PC wallets will be added with masternode functions (public keys required so the masternodes can be run on a server without the coins)
- Serve as a platform for new business models through the opensource APIs of social media networks etc. (open for innovation and new businesses)
The development at the current stage is divided into 3 interlocking steps or parts:
1. Blockchain: masternodes will be implemented and the network address altered. Additional safety features such as one transaction at a time avoid double-spending problems. This safety feature is taken out of the blockchain transactions and placed into the wallet/masternode as a function of the blockchain. The wallet's send function is locked down until settlement of the current transaction is completed by the masternodes (settlement layer).
2. Android wallet: This will be developed on the Ionic/Copay opensource framework. When a user downloads the app they need to login using either a social media API (facebook, twitter etc. or email). This username then becomes their address on the blockchain. The app does not have the entire blockchain. It communicates with the masternodes only using very little power and memory of the phone. The user sends from phone-to-phone or -web, but the masternodes handle the transaction.
3. PC wallets: Update with masternode functions which can be activated with 100,000 PIE each (an improved design would be nice later)
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How do we get there? Who implements the planned steps?
With the Android wallet we have found a community solution. A member has a team of mobile app programmers and we will start work on the specifications this week. It would be great if he provided his PIE address so people can donate to show appreciation and help make PIE succeed. You can also give me the addresses on slack and I will post them in status updates. Whatever is better.
For the blockchain programming I have received offers (for BTC), but I am hoping we could find a community solution for this also. If not I can set up
an escrow at Bitrated.com for example and we can gather donations to this account before proceeding.
The PC wallet would also be nice to do as a community solution. But it is perhaps best done together with the blockchain?
Then there is also the website on piecoin.net or other domain. Here again a community solution would be best.
Then come the translations. The website is more work. The android wallet is just a few words on the app and then the download description + short story. At least Russian has been offered by a community member.
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The word
community came up a lot.
We have a few new members over the last days and probably quite a few who have bought PIE as an investment. We will continue to grow and will get to know each other through the project.
To motivate these developments everyone who does work could present what they are doing and post their PIE address for donations. If someone needs help with English etc. please post on the slack. One programmer helped me understand some aspects on the PIE blockchain so I gave him 5000 PIE as a thankyou. We need to get the PIE moving!
I will be adding slack channel and whatsapp group on all posts from now on, so it is easier for new members to find them.
Feedback and discussion is welcome!
If you would like to support the work I am doing for the community, my PIE Address is: PApHqtQmeH9gm7MYoWT6dhovcVGSPcscFF
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PIEcoin slack channel:
https://join.slack.com/piecoin/shared_invite/MjA0MDQ5NDk4NjkwLTE0OTg1NTQ3MjItZDI3NGZiNTMxYwPIEcoin whatsapp group:
https://chat.whatsapp.com/9xKByKFl0xgKWZXjJrT17v This is the start of a great coin growing I think. I cannot wait to see what the future holds for Pie.
