Coinage is a
5 6 year old project that is nearing completion. We will be reaching pre-alpha testing in the following 1 or 2 months and making the project known to the community. The coin has been in development for a long time, we have been including the best pieces of different projects we could find over the years. This is a massive project with thousands of hours of coding. We have had many developers join then leave the project over the years and will be releasing under a slightly more restrictive license than normal to avoid a mass cloning of coinage at release.
If you have suggestions for future features anyone would like to add to coinage ( once released ) we will be using a system similar to BIP through btc. The issues are updated on our private git and we will take ideas we have not already added and attaching them to our project as future updates.
This is a mockup of the card that will be launched by our partners at ACT.
We will setup a full ANN and list features when we are closer to launch.
There are no plans for an ICO, there will be no premine. The website will be launched before launch.
Update: Syncing has been achieved. Testing is in process. We have completed a deal to purchase full ownership of the domain and move it into safer hands for a registrar. (njal.la) We were sharing the ownership but were able to work out a deal for a buyout.
We have reached a milestone today with the sync, we have made it possible to turn sync into a background process which can pull only headers to accomplish sync, full chain will no longer tie up large amounts of system resources for days or weeks.
We will be eliminating script from the coin, writing it out will take some extra work but we feel this is a necessity. The script feature of coins has been a oft ignored attack vector. We will be removing it completely. Then our last item will be testing staking, once staking is functioning as intended, we will go live.
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.
Alpha Wallet can be downloaded here :
https://Goo.gl/yoc7EV
The transaction states of coinage.
