Announcement
Project Freedomhttps://i.imgur.com/4Mdsalu.png..a modular peer to peer solution for today's problems
Greetings,
this is an announcement for the first peer to peer trading exchange based on the blockchain.
We are a small but enthusiastic group of programmers and master computer science students from germany, that jumped on the crypto train (sadly) way too late. Nonetheless, we still believe that the whole cryptocurrency business is in its infancy. That is why there are still enough problems to solve, and we are trying to fix one of them with our software.
One of the biggest problems in our eyes is the still existing middleman. Satoshi Nakamoto created a system based on a peer to peer network, trying to eliminate the middleman. The problem that we are facing right now is, that more and more middlemen step into this void. The void that got created by eliminating the bank, was filled immediatly with systems like MtGox, Cryptsy, BTCe, and many more. Our goal is to eliminate all of them and replace their services with a modular peer to peer trading platform based on the blockchain with the only fees being the trading fees. Especially after the MtGox fiasco we realized that the crypto world is in urgent need for a trustless trading platform.
A trustless system to trade every coin you want to, based on the blockchain protocoll.
The second problem is the unnecessary complexity to mine. We strongly believe that mining and the blockchain protocol are equal to eachother. Without mining there is no blockchain, as well as the other way around. We want so simplify this process as much as possible, the user will start the mining process just with one click.
All of this will be available without any disadvantages for the mining and trading experts. We will make an easy to use programm, without cutting out any comlexity for the expert user.
Therefore, we divide our program into two chapters.
Chapter oneA modular peer to peer trading software based on the blockchain
Chapter twoAn integrated peer to peer mining client for every coin with full remote control for all of your rigs
Sounds interesting ?
Then read on.
Chapter oneA modular peer to peer trading software based on the blockchain
Our software allows the trading of different coins with each other – usable from your own desktop. Every other known exchange is unnecessary. No risk. No more deposit problems(hello Cryptsy). No more danger of stolen coins because of dubious exchanges (hello MtGox).
The minimum version of the client is just a raw bitcoin wallet including the blockchain and an unique hashaddress. However, you can install several applications on this client. Every app represents a different cryptocurrency including its blockchain and comes similarly with a unique hashadress.
How does it work ? The client creates a single unique bitcoin hashaddress during its installation. This address is hardcoded in your software, you cant change it.
In order to use bitcoins in the trading app, you have to send them to your unique hashaddress. In this process the first sender's address gets as well locked into the software. That means, you can withdraw your bitcoins only to the same address that was responsible for the first transaction into the client.
After some time your coins are confirmed on the blockchain and you are almost ready to trade. However there is one thing missing, you have to install your desired coin-app to use a second blockchain.
Inside of the client, we use hardcoded trading addresses for every blockchain. They work as escrow.
Please check out this picture for an explanation:
https://i.imgur.com/w53V9nZ.jpgWhen a trade takes place, coins are sent to the escrow addresses. After the required confirmations are met on each blockchain, the escrow address gives its "OK" and releases the desired coins to both parties. If, for whatever reason, the required confirmations are not fulfilled in an hour, the escrow address cancels the trade and sends the coins back to each of its owners. Every user can modify the required confirmations for his counterparties coins.
For example: Because you trust the bitcoin network, you accept a trade after two to three confirmations.
However you don't trust the ABC's coin network. That means you wait for full confirmation.
Summary:modular peer to peer trading on the blockchain with EVERY other blockchain
elimination of the middleman, every other exchange is dispensable
transaction costs are the only trading fees
no trust necessary, every transaction is based on the blockchain
More features:trade with conditions
easy to use macro/script language
graphs for the whole trading range
full api control
no more exchange failure in a rally (hello Cryptsy), every user IS the exchange
immediate trading shutdown in case apps are on different blockchains
Chapter twoAn integrated peer to peer mining client
We firmly believe that crypto currencies, trading and mining must go hand in hand. Mining is the fundamental base for a safe blockchain. Therefore the mining app has the same priority as the trading app for us. You will mine your desired coin in a peer to peer network to strengthen the network and secure its validity, while reducing the danger of 51% attacks. We want to create it as user-friendly as possible, while maintaining many configuration settings for the expert user.
Features:full mining control for all of your rigs (cgwatcher-like)
one mouseclick mining
automated calibration for your gpu's
settings: performance, stability, efficiency (hash/watt)
integrated voltage control
adjustable events: automated coin switch, trading, scheduled events
support for sha256, sCrypt, n-sCrypt, keccak, and many more
0% fee mining
You are interested in our project and wish to support us?That's great!
Here is a bitcoin address, if you want to donate some bucks for our development.
1AA3WfjWVUwE7ubwngcExBhKoM9DKZytZP
What do you get out of it ?We would like to thank every supporter. On the other hand we want to release our open-source client as soon as possible. That's why we have chosen the following three-phase model. Each user with a donation of more than 0.01 bitcoins gets an invitation to our beta program. Each user with a donation of more than 0.1 bitcoins gets a lifetime 0% trading fee for three clients.
Please do not forget to send us a pm with your email and donation-transactionnumber.
Phase 1AlphaInternal testing with the raw client in our test-net.
Phase 2BetaEach user with a donation of more than 0.01 bitcoins gets a client and an invitation to our beta program.
Each user with a donation of more than 0.1 bitcoins gets three clients with a lifetime 0% trading fee.
Phase 3Public release clientIn this phase we will apply a 0.001% trading fee on every trade. We will run this phase until we collect 3 times the donations. After we reach this goal we will recompense every supporters share multiplied by three and release our source code to the public. At the same time we will reduce the trading fee to 0%.
We hope to make the crypto world a bit better for those who are ready to listen with an open heart.
In the spirit of Satoshi Nakamoto
Team Freedom
(a big sorry for every grammatical error, english is not our native language)
Timeline:Trade client 4 developers
Adam(Main-dev), Thomas, Florian and Bastian
4/1 Internal alpha
4/20 Beta release
5/1 Public release
After reaching our goal we will release the sourcecode.
Mining App3 developers
Peter(Main-dev, thats me), Andreas and David
4/1 Mining-app alpha (standalone version)
4/20 Integration into the trade-client – joint beta release
