NaCacoin and the Sword of Damocles Hanging Over All Cryptocurrencies

[gaibianBT2020]

A Sword of Damocles Hanging Over Blockchains and All Cryptocurrencies and the Solution: Nano Cancer Drugs Hash
Function (NaCa) and its Cryptocurrency NaCacoin

X. Young, G. Sylvain, S.Y. Shu, D.Y. Bao

June 22, 2020
*: NaCacoin team, Switzerland
email: team@NaCacoin.com

Abstract

The Damocles sword hanging over blockchains and cryptocurrencies:

Blockchains and blockchain-based cryptocurrencies have become a compelling
revolution. There have been at least 5,500 different cryptocurrencies created by
the end of May 2020 since Satoshi Nakamoto created the first cryptocurreny,
Bitcoin, in year 2008. The overall market cap of all the cryptocurrencies is
more than US$256,873,793,585. Although people hooray for the elegant and
concrete structures of blockchains and cryptocurrencies which are guaranteed
by the strong cryptography with solid mathematical background, two major
crises are approaching:

• Imminent crisis: cryptocurrencies mining consume more and more elec-
  tricity every year but their outputs are just digital wastes. For example, if
  Bitcoin were a country, it would replace the position of France and rank at
  10 in the electricity consumption list on April 23, 2022.
  
• Long term crisis: quantum computers will break through most, if not
  all, current cryptocurrencies in about year 2034. Shor's quantum algorithm
  will completely break through many widely used encryption algorithms such
  as RSA, ECDSA, and ECDH in post quantum era (around year 2034).
  Grover's quantum algorithm will partially break through all the hash func-
  tions used in cryptocurrencies.

After checking many cryptocurrencies including Primecoin, Curecoin, and
Gridcoin, we found that these two major crises have not been solved. Different
consensus mechanisms such as PoS and DPoS do not solve the energy crisis at
all after checking the mathematical formulas that they used. The root cause
of these two crises are the hash functions used by different cryptocurrencies.
If these two crises continue, blockchains and cryptocurrencies will be
devastated completely with zero value in the near future.

The solution to the crises:
A revolutionary new hash function, nano cancer drugs algorithm (NaCa for
short), which solves the aforementioned two major crises, was developed, with
the following advantages:

• NaCa, unlike all other hash functions used in cryptocurrencies, outputs
  binary strings which codes structures of nano new cancer drugs rather than
  digital waste.
• NaCa's complete and dynamical quantum resistance guarantees the secu-
  rity of cryptocurrencies in the post-quantum era.

The product:
A revolutionary cryptocurrency, NaCacoin, was developed, with the follow-
ing attracting characteristics:

• NaCacoin is the only cryptocurrency which completely solves the
  electricity wasting problem.
• Complete and dynamic quantum resistance.
• Our new hash NaCa can replace the block hash functions of all cur-
  rent 5500 cryptocurrencies so that they will become NaCa based cryp-
  tocurrencies. E.g., Bitcoin, ETH and EOS will become NaCaBitcoin,
  NaCaETH and NaCaEOS respectively.
• Much faster transaction with much lower price compared with other cryptocur-
  rencies. Lightning network is supported in NaCacoin.
• Being more decentralized than Bitcoin, Litecoin, ETH, EOS, Bitshare
  etc.

New business model: Double rewards for miners
Major pharmaceutical/biotech companies and hospitals will be licensed to
use the above mentioned nano new cancer drugs database on an annual basis.
Licensing fee (USDT) will be refunded to NaCacoin miners for their contribu-
tion to the establishment of this database, so NaCacoin miners will get double
rewards: NaCacoin and USDT. The double rewards will encourage more
miners to mine NaCacoin. This feature will keep motivating miners to
mine NaCacoin even when the block reward decreases to a very small
amount after many years. By contrast, many cryptocurrencies such as Bit-
coin and Litecoin may disappear when the block reward and the transaction
fees cannot cover the mining electricity.

Availability:
NaCacoin source code has been published on Github, where the wallet and
mining installation program are downloadable. The website of NaCacoin is here.

Conclusions

We concluded that NaCacoin is a new revolution in the field of cryptocur-
rencies. You never actually own a NaCacoin, you merely look after it for the
next generation.

Key words:
blockchain; cryptocurrency; cryptographic hash function; encryp-
tion algorithm; quantum resistance; database of nano new cancer drugs;
NaCacoin.

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[akontiki]

Dear NACOIN,

I find the Idea just original and well thought. What I'm really missing is some walkthrough on how to make wallets or mining method. Since not all people here are that good at coding!!

For example, I wouldn't know what to do with the master file I downloaded from GitHub? how to use it ? create wallet ? mining walkthrough?

Reserved and following the project!
P.S. a Discord would be nice idea to collect community also a twitter!

[gaibianBT2020]

Dear akontiki,

     It is great to know that you are interested in this project. Currently you can read the INSTALL.md and follow the instruction to install this mining program and build the wallet. you will do it in Ubuntu 18.04 LTS. But in two weeks, we will release a one-step installation file so that you can install it much easier. Thanks a lot!

best
gaibianBT2020

[akontiki]

Dear gaibianBT2020,

Thank you for your Replay! Since my Linux expertise is limited! I would appreciate having some Windows Based Walkthrough.
Btw I would like to apply for Assistance since this looks like really promising project:
Can Provide Marketing, German language, Arabic Language and also Social Administration
If you and your team are interested just pm me

Kind Regards
akontiki

[gaibianBT2020]

Dear akontiki,

      Thank you very much! We will provide window installation file, but it will be later. Some geeks have started mining nacacoin as they are familiar with Linux. This coin can be traded in UBcoin exchange in two weeks. Cheers!

 best
gaibianBT2020

[Grumo]

Hello
The code provided in github doesnt compile well . it gives several errors wirh libdb_4.8 and libboost

Code:

checking for Berkeley DB C++ headers... default
checking for main in -ldb_cxx-4.8... no
checking for main in -ldb_cxx... no
checking for main in -ldb4_cxx... no
configure: error: libdb_cxx missing, NaCacoin Core requires this library for wallet functionality

Code:

checking for boostlib >= 1.47.0... yes
checking whether the Boost::System library is available... yes
checking for exit in -lboost_system... no
checking for exit in -lboost_system... (cached) no
checking for exit in -lboost_system... (cached) no
configure: error: Could not link against boost_system !

however this coin is not clear, i checked the code at https://github.com/XGSTeam/nacacoin/blob/master/src/hash.cpp and saw that it uses https://github.com/aappleby/smhasher MurmurHash3 hash for algorithm , but nothing related to a supercomputer to cure cancer. Could you answer this please

There are several packages you will need to update. we will give guidance ASAP in the git. Cheers!

i fixed the dep errors

Code:

AR       leveldb/libleveldb.a
  CXX      leveldb/port/leveldb_libleveldb_sse42_a-port_posix_sse.o
  AR       leveldb/libleveldb_sse42.a
  CXX      leveldb/helpers/memenv/leveldb_libmemenv_a-memenv.o
  AR       leveldb/libmemenv.a
  CXXLD    nacacoind
libbitcoin_consensus.a(libbitcoin_consensus_a-nacapow.o): In function `nacapow(char const*, char*)':
/nacacoin/src/nacapow/nacapow.cpp:99: undefined reference to `naca_'
collect2: error: ld returned 1 exit status
make[1]: *** [nacacoind] Error 1
Makefile:3917: recipe for target 'nacacoind' failed
make[1]: Leaving directory '/nacacoin/src'
Makefile:10284: recipe for target 'all-recursive' failed
make: *** [all-recursive] Error 1

but still this error, it seems it is in the source code


however the concept idea is great! i always had this thought in my mind, blockchain network produce only garbage instead of using that computation power for something useful

[digitalica]

hi, wallet is not compiling. db error, all attempts to fix are vain... please fix that problem

[gaibianBT2020]

Dear Geeks,

      Thank you very much for your interest! Yes, you need to update the necessary libraries as the error show, because linux system has its default libraries which are not fit for our project. We promise to geeks that we will provide a one-step instllation file in 2~3 weeks so that you can install it much easier. The hash function for signature is still the standard one. our NaCa hash function is definitely for cancer drug database. At the first step, we only apply our own hash function for the mining, please check the file nacapow.cpp and relax_callFunc.c. Cheers!
best
another geek

[gaibianBT2020]

There are several packages you will need to update. we will give guidance ASAP in the git. Cheers!

[Geekcrypto2002]

Hi, NaCacoin team,

    I read your announcement, which is quite amazing. You solve the most important problem of cryptocurrencies, wasting energy, if your NaCacoin really solve this problem as you claimed. I am trying to install it but it is not successful, can you give some more details in the git version? Thanks!

[gaibianBT2020]

Dear Grumo,

        Sorry that the installation is more complicated than you thought! Did you use the right MIT library? As you known, there are many different versions of different libraries.  We are working on the one-step installation file by using python, which should be available in two weeks. Hope we can deliver it on time. Cheers!

[gaibianBT2020]

Dear Geekcrypto2002,

     Thanks a lot for your interest in NaCacoin! We are working on the one-step installation, which should be available in two weeks. Cheers!

[gaibianBT2020]

To all the geeks who are intersted in NaCacoin:

As we can only work on this installation file in our free time such as the weekend, so please be patient for the installation file. Thank you!

[qq386437050]

Is the project still in progress？

[Grumo]

I finally managed to compile  and run the wallet. but the syncing is very slow.it hasnt synced yet in one day the headers.... is it already mainnet orr it is testnet?
how to mine?