baritus (OP)
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May 18, 2013, 11:40:13 PM
Last edit: May 19, 2013, 10:30:31 PM by baritus |
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Also, I added more detail about how the scaled launch will be.
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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"You Asked For Change, We Gave You Coins" -- casascius
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baritus (OP)
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May 18, 2013, 11:51:05 PM |
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This currency is still in development and this thread as well as the original post may be updated at any time.
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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NWO
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May 18, 2013, 11:53:14 PM |
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does this offer something new from other ones?
Yeap, almost instant transactions, quick difficulty adjustment, steady rewards, no pre-mining fair launch, simple and transparent. You do realise that is not necessarily a good thing... |
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baritus (OP)
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May 18, 2013, 11:55:09 PM |
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does this offer something new from other ones?
Yeap, almost instant transactions, quick difficulty adjustment, steady rewards, no pre-mining fair launch, simple and transparent. You do realise that is not necessarily a good thing... It worked perfectly in testing and will only improve with fine tuning. |
Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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zero3112
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May 19, 2013, 12:08:30 AM |
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Instant is the best  |
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1Peter
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May 19, 2013, 12:15:16 AM |
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Just call it "DigiCoin". Thank me later.  I like DigiCoin too.. |
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WindMaster
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May 19, 2013, 12:19:47 AM |
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I edited the post, difficulty will start at 0.00024414 with 6-8 retargets until desired difficulty of 1.
Umm.. Yeap, almost instant transactions, quick difficulty adjustment, steady rewards, no pre-mining fair launch, simple and transparent.
You do realise that is not necessarily a good thing... and will only improve with fine tuning. Uh oh. Did it work perfectly in testing when someone with a GPU farm goes off-network after snagging your genesis block and mines ahead of the main blockchain where everyone else is getting slowed down by orphans and reorg's due to the ridiculously low difficulty? Double-spend is probably the least of what you should be worried about in this case.. Why would you want to start at difficulty 0.00024414, and not 1 as you originally planned? |
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digitalindustry
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May 19, 2013, 12:42:11 AM |
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The confirmations are based on my testing. I tried many combinations and settled on 5.
I'm guessing more detail will be in the white paper? baah White paper bite paper ! lolz |
- Twitter @Kolin_Quark
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zero3112
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May 19, 2013, 01:03:25 AM |
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Glad for a real coin this time been so much junk coins lately.
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baritus (OP)
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May 19, 2013, 02:01:47 AM |
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I updated the OP with details of the fair launch policy. The difficulty of 1 was originally meant to guarantee the fair launch, but I have since found a better way.
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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jaywaka2713
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aka 7Strykes
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May 19, 2013, 02:18:27 AM |
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Can't wait for this DigiCoin (DGC, calling it now). Can you give an exact time for the release? And will your thread be updated here, or will a new thread be made?
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ElJay
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May 19, 2013, 02:20:00 AM |
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So.. what's the added value of this coin comparing to the existing ones?  |
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spoid
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May 19, 2013, 02:40:46 AM |
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needs higher difficulty.
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baritus (OP)
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May 19, 2013, 11:57:35 AM |
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So.. what's the added value of this coin comparing to the existing ones? Fast, transparent, fair, and through out. needs higher difficulty.
That's why there is a target difficulty before blocks are rewarded at full value, to make the launch fair. Early miners still are still rewarded though. Starting at 1 would be fair, but might be too high for the network to solve blocks at the beginning. |
Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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1Peter
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May 19, 2013, 12:04:16 PM |
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Starting at 1 would be fair, but might be too high for the network to solve blocks at the beginning. You might be right but I would really like to see what happens when an altcoin is released with a starting difficulty of 1 or higher..  |
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spoid
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May 19, 2013, 12:04:41 PM |
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why not digital money?  |
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BitHits
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May 19, 2013, 12:14:44 PM |
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I like what I see so far. Any word on fees and priority ? I've made a post on what I would like to see in an AltCoin https://bitcointalk.org/index.php?topic=209786.0I'm hoping some tools will emerge or some knowledgeable & respectable players will emerge to either do such a coin themselves or allow me to assist in one. I'm offering a domain and hosting for anyone that can build a coin to those loose specifications. |
Free BTC http://beta.BitHits.info BTC 1DNNERMT5MMusfYnCBfcKCBjBKZWBC5Lg2 DGC DH2Pm4VXxsTeqUYZkEySU1c8p5TLvuLe8u LTC LP2QiL1pnsaKVX5Qa811pFJuFL8FxkxWRz
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baritus (OP)
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May 19, 2013, 12:33:29 PM |
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I like what I see so far. Any word on fees and priority ? I've made a post on what I would like to see in an AltCoin https://bitcointalk.org/index.php?topic=209786.0I'm hoping some tools will emerge or some knowledgeable & respectable players will emerge to either do such a coin themselves or allow me to assist in one. I'm offering a domain and hosting for anyone that can build a coin to those loose specifications. More to come on fees and priority today as I run more testing and make sure everything works smooth in the current setup. Also, I posted a screenshot of the software(windows executable) on the main page. |
Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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e521
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May 19, 2013, 12:35:02 PM |
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Tuesday or Thursday? .......
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baritus (OP)
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May 19, 2013, 12:38:35 PM |
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Tuesday or Thursday? .......
Good reminder, that should be in the previous post. Launch moved up to Tuesday since things are going better than expected. Can't wait for this DigiCoin (DGC, calling it now). Can you give an exact time for the release? And will your thread be updated here, or will a new thread be made?
I added more details about release in the OP, and it will be announced in this thread. |
Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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