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Author Topic: [NKC]Nakacoin: Another peer-to-peer crypto-currency and application of bitcoin  (Read 1801 times)
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Nakacoin
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January 11, 2014, 02:10:23 AM
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Nakacoin: Peer-to-Peer crypto-currency and application based on bitcoin protocol

We are very glad that MSC/Mastercoin have made a great progress. As everybody know that MSC is the first application based on bitcoin protocol. We believe there will be more and more applications based on bitcoin protocol or alternate coin protocol in 2014. Bitcoin are growing for six years and the bticoin blockchain is great and strong now, the bitcoin protocol is also matured. We believe that the application based on bitcoin protocol is feasible and fantastic. We have studied bitcoin protocol since beginning of 2013 and released our application white paper on Nov. 28, 2013. We call it Nakacoin.

Our team choosing Nakacoin as the name is to respect Satoshi Nakamoto, since he created bitcoin which let more and more people get benefit from it now. Satashi Nakamoto gave us a very good start on crypto-currency concept and made a strong basement in the field.

Nowadays, we need to keep moving to let everyone can use bitcoin as simple as use the local fiat currency. If one day, your grandma or grandpa can use bitcoin easily, we can say bitcoin is really successful. Mastercoin, ColoredCoins, Bitshares and Nextcoin are starting early in bitcoin application filed, however NXT is totally different to bitcoin, it may open another branch of crypto-currency. We believe the easiest way to make bitcoin more successful is to accelerate the application of bitcoin. Peer-to-peer trading is a trend in the future. Nakacoin is devoting to start a new application based on bitcoin protocol.

Nakacoin have its own system called NPS (Nakacoin Protocol System). NPS is like an API between centralized exchange platform. But NPS is more than API. NPS is decentralized and feasible. NPS can not only be used on bitcoin protocol, but also litecoin, peercoin and any other alternate coin. You can know more about NPS here: https://docs.google.com/document/d/1TciXNfoQsNJgtLX136WydXHFNyyos7w0IkBXdEZGi8I/edit?usp=sharing.

Nakacoin is also a peer-to-peer coin which can be used on NPS. NKC can be used as asset exchange. For example, if Satoshi wants to buy gold from Nakamoto, Satoshi has to pledge some NKC (equivalent gold vlalue) in escrow (implemented in NPS) and sends the public key of NKC to Nakamoto, Nakamoto holds the public as a proof that Satoshi does have enough amount of NKC, then Nakamoto can send gold to Satoshi, after Satoshi received the gold, Nakamoto can claim the NKC from escrow using the public key. Nakacoin is totally open source, you can fork/review Nakacoin source code here: https://github.com/Nakacoin/Nakacoin. We are still busy to develop the source code.

There are more features of NPS need us to perform. The NPS white paper is the whole concept. We have a lot of work to do to implement them. The project is kick-off now. We would like to invite every talent developer to join in the project or give some advice. If you are interesting of this project, you can invest some BTC to 1DesLgpVAFPSiYnULwyB54ChgBZS5RCLys, and you will get 100,000 NKC per 1 BTC as a reward. For early investors, we have 15% extra rewards. All the investors' BTC will be handled by Nakacoin Fund which will decide the BTC to be used on NPS open source development. We are also finding local Nakacoin Fund to devote to NPS development, this is such amazing project, another application based on bitcoin protocol. Well, it does not matter whether you invest NKC or not, Nakacoin is always running. You have to realize that Nakacoin is a long term investment, like Mastercoin, we may not have any great progress in one or two weeks, but we will finish more and more detail work with time. We are making our effort to implement the white paper and make Nakacoin another successful application based on bitcoin protocol after Mastercoin.

Moreover, this is a self-moderated topic, welcome developers and investors to discuss and participate the project. If you are bored to think this is another scam, we would suggest you keep away of this thread. We need to discuss more about technical details here. We have to develop more bitcoin application, not just scam here and there. Every boring texts will be moderated/deleted. Thank you for your understanding.

Join in us to build your own decentralized exchange system - NPS.

Connect us:

1. Email: nakacoin@gmail.com
2. Bitmessage: BM-2cUdNA1F9Hnq6GzyyfgBf2AD1WgHqnYhod


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January 11, 2014, 02:23:58 AM
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Should this really be in the newbies board?
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January 11, 2014, 02:32:43 AM
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I think this is in the wrong topic forum, unless Nakacoin is only trying to get newbies to invest...
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January 11, 2014, 02:39:45 AM
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I smell Mastercoin and Peershare. It should be an amazing project. I suggest the author move this topic to alternate coins.
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January 11, 2014, 03:03:59 AM
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I smell Mastercoin and Peershare. It should be an amazing project. I suggest the author move this topic to alternate coins.

Thanks Jordan. We know that Masercoin is an amazing project. We believe that there will be more and more applications based on bitcoin protocol. We also know peershare is a great project. Let's try our best to do more to let bitcoin be more successful. I will move this topic now.
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