PolyCash makes it simple to create new altcoins by GUI. PolyCash is a feature-rich protocol, and polycash-protocol crypto assets can be created with advanced functionality. PolyCash-protocol coins can be pegged to other cryptocurrencies, and even to fiat currencies like the dollar (similar to Tether). By creating an altcoin with gamified inflation, you can create distributed prediction markets and betting games.
This is an open source web app built using MySQL and PHP. We've put in a lot of effort to make it painless to install this app. But this is still an early stage project; for now, you'll still need to install Apache, MySQL and PHP before you can run this app. But you don't need to install the app to experiment with this project; you can simply sign up for a web wallet on one of our nodes or on another node that you trust with your private keys.
PolyCash assets are implemented as "colored coins" aka "second layer tokens". PolyCash is compatible with Bitcoin, Litecoin and any other blockchain which uses the Bitcoin RPC calls. You can use PolyCash to represent ownership of commodities or even your company by issuing a token on the Litecoin or Bitcoin network.
In PolyCash asset with gamified inflation, users need to stake their coins occasionally in order to get their fair share of the currency's inflation. This means that after purchasing your coins, there are a few different user experiences. Traders who are heavily involved in these games can share their staking strategies or staking decisions with other players. You can either:
1. Make your staking decisions manually
- Log in frequently, examine the current events and staking options and manually stake your coins.
2. Use an automated staking strategy or outsource your staking decisions.
- Log in once, research the various traders & staking scripts and choose your staking strategy.
- Log in once in a while to check your performance. Switch to another trader or staking strategy if you're not pleased with your current strategy.
PolyCash is a platform with a large number currencies. We're working to develop a single unified currency by creating a custom blockchain which will enable certain features that are not possible on blockchains like Litecoin and Bitcoin. You can pre buy stakes in the custom currency right now by donating Bitcoins. Once our pre-ICO is complete, ownership in the custom currency ("stakes") will be granted to everyone who donated, in proportion to the amounts of their donations. But right now, we need your interest and participation more than we need your money. Please visit our website and sign up for a user account to receive free coins and to try out the platform. We have several betting games running right now that will allow you to understand the PolyCash platform. For more technically savvy users, please try installing the PolyCash app.
Link to websitehttps://poly.cash/Link to source codehttps://github.com/polycash/polycash
