[Pre-ANN]⚠️💰🔐COINAGE☀️👀⚠️⚠️coinage.org ₡ 6 Years Project Moving to Beta

[deanerific]

Still watching this project and excited about it. 

[1714241666]

1714241666

[1714241666]

1714241666

[1714241666]

1714241666

[j4y_naKomodo]

Paging Dr. Coinage.org!

Hi there - I’ve been eyeballing this project for a bit now. I work with Komodo Platform (lead developer @jl777B) doing outreach to integrate other coins into our ecosystem and otherwise make it grow. We are open source, free, and for the people. Fees on our exchange are minimal, and our atomic swaps use the most secure protocol available (Noel Tiernan’s). Coinage would be a perfect addition! Users would be able to trade their mined Coinage on BarterDEX, our decentralized exchange, immediately using atomic swaps.

I know you are scarce on details on the codebase, but would your coin be able to meet these requirements?

• bitcoin protocol
• CLTV (bip 65) support
• gettxout and importaddress rpc calls
• and 8 digits for one coin

What does a non-Bitcoin/zCash-protocl coin need to do to make atomic swaps possible on BarterDEX?

"the code to do all this is quite complicated and I assumed a bitcoin protocol coin, but it is possible to do the atomic swaps even if only 2of2 multisig is supported. So i guess a bitcoin protocol emulator for the subset of rpc calls that I use and at least a 2of2 multisig, but preferably CLTV mechanism to be able to handle both sides of the trade... this would require making changes to the existing barterDEX code, unless the bitcoin protocol emulator is really, really good and it actually works as a bitcoin protocol coin via rpc calls"

Keep up the good work!

Jay

[bingbong1589]

Any new news to report on/updates?

[Coinage.org]

We have 3 items left, complete removal of script, finish staking integration and tie transactions to the UI. We are hopefully going to be done next week. We will need to update the unit tests to 80% coverage before beta. After all this we will begin working on documentation for the plug-in system.

[bingbong1589]

Exciting stuff! Almost time to break out the champagne

[bingbong1589]

We have 3 items left, complete removal of script, finish staking integration and tie transactions to the UI. We are hopefully going to be done next week. We will need to update the unit tests to 80% coverage before beta. After all this we will begin working on documentation for the plug-in system.

Staking integration as in Proof of Stake? So it will be POW, POS hybrid?

[Coinage.org]

Yes and today we finished ui. Testing is beginning and unit tests being written. Staking will be last item.

[cryptoRX]

Good to see updates on this. Would so love to test this out but I probably don't have sufficient rank to do so.

[bingbong1589]

Hopefully on to staking as the last item by now? 

[Coinage.org]

No, we had to rewrite the miner due to a bug where forks although not being used were being added to the db. However that is corrected now and we have begun alpha testing as of today, staking will be implemented for beta.

[Coinage.org]

On a side note, we are on a separate project 3 months into a 1.5 year dev process for a fiber optic processor for mining. The group who we partnered with has been developing fpgas, lens, 3d monitors and other tech for years. The goal of the miner will be to advance efficiency at least 1 order of magnitude while reducing power consumption issue that will plague btc when difficulty continues to skyrocket.

The partner company will be seeking investors privately but we are encouraging them to produce whitepaper for public eyes and include the crypto community. We will keep everyone updated if they go that route.

[bitpotter]

This certainly would give more legitimacy to coinage in the main markets than is currently available.

So that's a pretty good prize, just legitimacy will even help and will make it easier on various occasions.

[DemLom]

Byteball is a slave to BTC, as its distribution was tied to the presence of BTC. The distribution of Byteball made the rich richer. Therefore, after the end of the hand, Byteball will be destroyed. If the distribution is - then it must be tied to something else,

Dont think byteball will be distriyed after the distribution,as the technology behind it is very innovative.

Why is there no ICO for this project?

I join the question, because this project is quite perspective and really needs advertising, it is very strange that there is no ICO ...

[bingbong1589]

Byteball is a slave to BTC, as its distribution was tied to the presence of BTC. The distribution of Byteball made the rich richer. Therefore, after the end of the hand, Byteball will be destroyed. If the distribution is - then it must be tied to something else,

Dont think byteball will be distriyed after the distribution,as the technology behind it is very innovative.

Why is there no ICO for this project?

I join the question, because this project is quite perspective and really needs advertising, it is very strange that there is no ICO ...

Because they don't like the ICO structure that has been used and abused, they'd rather do a fair distribution. If coin/technology is good advertising will come by its followers.

[Coinage.org]

ICOs for a coin go against the point of the crypto currencies.

We are working on the headless UI today. Then more unit tests.


A couple of technical items update.

Ever notice how slow network propagation of new blocks is, we're pushing out 60 bytes to propagate the whole network instead of the 1048576 bytes that Bitcoin uses. We only broadcast the block header when we mine it, and wait for nodes that are interested in the full data to ask us for it. The number of transactions per block will be unlimited to effectively increase throughput.

To avoid timejacking each node uses their local utc timestamp as the network time.

We also setup the coin to use dynamic connections. The node will constantly disconnect a random node and connect to another random node from the list of known nodes. It makes the whole network dynamic and improves reliability of the nodes.

So an attacker cannot potentially force the target node to connect to his own and thus fool it.

For throughput: each p2p connection is encrypted with a one time public key encryption to stop unwanted intervention, making it harder to filter out coon traffic in case someone tries to block it.

These features should correct existing issues with scaling for a very long time.

[Coinage.org]

These updates should effectively solve some of the larger issues associated with current coins that are being used.

[Coinage.org]

Ok, got an alpha wallet ready if anyone is interested in taking a look...

[bingbong1589]

Ok, got an alpha wallet ready if anyone is interested in taking a look...

Hey, I'm interested!

[Coinage.org]

Sent a PM, anyone else want a copy to test alpha release of Coinage? This will also have functional mining so you can see what is needed to mine on your PC....which is basically nothing. The miner begins mining with 1 click.
This is an excellent example of how crypto currencies should be written to fix scaling and block size issues.
We would strongly prefer a more knowledgeable and technical review of the alpha wallet. Thanks for your help in advance!

[Coinage.org]

No feedback received yet, but updating OP now to include some of the updates and important info.