Announcing Solcash : Fast, Easy & Safe Private Cryptocurrency
About Solcash:
Welcome to Solcash, well at least the announcement of. We would like to share with you the dream we have for the coin, what it stands for and where it could go in the future. It has humble beginnings (being a fork of ByteCoin) but already there is a thriving community behind it and a team of developers which is growing every week.
And with such unprecedented interest and offers of help so early on, we were initially overwhelmed, taking time to marshal everyone's efforts and gain focus. With weekly updates, on progress and who is working on what part of the project, available on our blog, everyone can see what progress is being made and what direction we are heading.
Wanting to be fun and inclusive is great, but that can sometimes be seen as charlatan. So being incredibly open and transparent is important to us, to build up trust in a community that has seen hundreds of forks of this codebase, offering little other than a name change. We intend to do that by being entirely open source, but also through discussion with our core developers, who are always happy to answer any questions put to them.
We hope the changes we make will be positive and keep us around in peoples hearts.
Everyone is welcome to contribute to the ecosystem, regardless of skills or knowledge (or lack thereof), and we are ready to help people do so. Within just a few weeks, and without any initial pre-mine, ICO, marketing or capital we've seen the formation of:
Mining pools
Additional builds for other platforms
A block chain explorer
Trading bots
Inclusion on an exchange
Public nodes
and even merchandise based on our branding
We love and encourage this level of entrepreneurship.
Please feel free to read on, we hope to see you all mining on our pools and talking with us on our Discord channel.
What are we doing differently?
Obviously, the starting block is, No premine, No shenanigans. We hate it when other coins have done it, and we simply don't agree with that philosophy as it just promotes a coin getting listed as quickly as possible, so people can cash out. Our motto is very much slow and steady.
Of equal importance are the people who mine/trade SOL. We wanted to put the fun and the community back into an Alt coin, we want ordinary people to be able to mine with us and generate SOL, whilst feeling part of a friendly and supportive community.
You can only really produce that supporting and friendly community with openness, that is why every member of the team is on the discord server and regularly monitors it, we have dev updates, we have our GitHub issues tracker and we are always available for questions. Absolutely nothing is closed off from the public, even our dev discussions are in the open, our dirty laundry, everything.
Where is it going?
The success of a project depends directly on active participation and involvement from all the interested parties on the discovering and decomposition of its needs and requirements, not taking for granted the care needed to determine, document and manage the products, service or project requirements.
We have our development plan , and we don't care much about its value on markets, that is not a motivator for us. What we are looking for is to develop the codebase to provide an exceptionally stable network and add features and capabilities into the coin to add value around the core block chain, giving it the potential to be genuinely useful. But it will be the community that will drive the coin to greater highs, through adoption, feedback and help.
We have already attracted many members to the project, not just devs (and we have some heavy hitters there), but some excellent design, marketing, mathematics & economics experts all providing invaluable input into the project.
We operate a bounty scheme to fund development on the project, we find this the most open and agreeable way to reward people for contributing to not just the coin, but also ancillary projects that add real value to the network.
So Technically what is it?
PoW algorithm: CryptoNight
Max Supply: 999,999,999 @ 8 decimal places
Block reward: ~ 59 SOL, slowly decreasing over about 100 years
Block time: 60 seconds
Difficulty: Retargets at every block
P2P port: 2020
RPC port: 2200
We hope to all see you there, for pretty much everything else there is this site, which list ALL resources, and we will try to keep this up to date.
