[Ann][PoW+PoS] Cache - Privacy Focused Decentralized Banking.

[CacheCore]

Cache - $CXCHE
Privacy Focused Decentralized Banking

About
Cache aims to study the best practices of the fiat world and work towards developing products to be user-friendly for the people.
Our team is a worldwide-based entity of members dedicated to creating and assisting new means of use for digital economics in real-world situations.
The motivation behind this project is simple: There are an estimated 2 billion people who currently lack access to financial services. Although existing infrastructure has been instrumental in generating wealth, very little has ended up going to this excluded population. Decentralization means that there isn?t a single point of failure, as identical records are kept across thousands of computers through a peer-to-peer network. Because it?s permission-less, it is also open to anyone ? irrespective of their wealth or where they live. And, whereas a bank or a payment processing company can close the account of an unsavory customer, blockchains are censorship resistant.



Core Values
Universally Accessible
The fact we have different currencies depending on what geolocation we are in is absurd. With no geo restrictions... Cache can be use everywhere, by anyone.

Mimic Everyday Cash & Becoming a Medium for Daily Transactions
This is a vital feature if we want the project to succeed. Everyday cash is fungible so therefore Bitcoin and Fiat are not the same. Privacy shouldn't be an option.

Creating stable jobs
Jobs are not safe in this day and age depending on who we work for and where we work. I want the project to give anyone a chance to earn a stable income by working for the project and get paid to do so.

Decentralised finance (aka DeFi)
The whole purpose in cryptographic currencies was to defeat the object of banks and what they represent. Cache has on-chain, private, legitimate financial features which mimics banks, which truly defeats the object of centralized banks.



Cache Deposits
As well as being able to send transactions to your uncle billy or auntie annie, you can safely deposit your Cache with some interest rate. In general, this feature allows users to deposit a portion of their $CXCHE on to the Cache Blockchain for certain periods and thrn after the chosen period has finished, they can withdraw it back with some interest as a part of main Cache supply. Banking for a longer period gives users a bigger interest rate as they're willing to wait the tim. Banking is broken up in 5 tiers with each tier varying in APR %.



Timeline and Milestones
AUG 20 / Cache Hash
To make sure there are no ASIC or FPGA machines mining Cache, we have taken the steps to modify a pre-existing algorithm to create what is essentially a new algorithm. There is also Mining & Pool software for this algorithm but not from it's official base yet. The modified software is completely open source and it can be found on GitHub.

SEP 20 - NOV 20 / Testnet
It is standard for any new network to under-go a testnet stage before they initially launch a new Blockchain. This is to potentially fix any problems that may arise during the early blocks of the Blockchain. All the coins from the testnet are absolutely worthless and in no way represent any sort of value, nor can they be swapped for the real, Mainnet asset.

NOV 20 / Mainnet
After 22,000 blocks had been mined on the testnet network, the Cache team and community felt confident about launching Cache's mainnet asset. Cache was launched fairly on the 15th November 2020.

TBA / Community Governance
Community governance focuses on power that communities exercise in order to achieve policy outcomes that suit their needs. To fund this, we will set aside part of the foundation fund each year. We then would deposit the funds set aside on to the Cache blockchain for the maximum of 1 year. Once the deposit has matured over 12 months, and the interested has been gain, then the reward would be split into the 2 funds equally. 50% back to the Foundation fund and 50% in to the Governance fund.

TBA / Cache Social Platform
The Cache developers have an idea to create a decentralized community social platform that can be accessed from any machine that is online. This platform may or may not be on-chain with Cache's blockchain but that's because decentralization isn't solely blockchain based.

TBA / Cache ID
Wallet addresses for Cache are formed using a random string of 99 letters and numbers, starting with cxche, and this can be hard to memorize. Cache ID would allow you to send a transfer to bob.cache.id instead of cxcheABC123..., making it even easier for normal users to send transactions.

TBA / Hardware Wallet Support
Hardware wallets are special types of wallets that make use of a secure hardware device to store a user's private keys. Users simply plug in their devices to any internet enabled device. They enter a pin, initiates a transaction, and then confirms to send the cryptocurrency.


TBA / Sub Addresses / Sub Wallets
To help enhance privacy, the Cache developers intend to add a feature called sub-addresses. So instead of having to create multiple wallet files for different addresses, you could create a new sub wallet address within a primary address and still be able to control it like you would with a normal wallet.

Team
Jack (Effy) - Founder/Developer/Social Media Moderator
Mark (Tastiger) - Community Manager/Backend Services/Developer
James (Synku) - Discord Community Moderator
more to be announced soon



Supporting Partners
https://letshash.it



Public Node Operators
Eskal (letshash.it)
Khfdw
more to be announced soon



Software
Core clients: https://github.com/Cache-core/Cache/releases/ (Windows binaries only, Linux & Mac need to build)
Desktop wallet: https://github.com/Cache-core/Cache-Desktop/releases/ (Windows binaries only, Linux & Mac need to build)



Mining Software
Modded XMRig - https://github.com/Cache-core/xmrig/releases/tag/Cache (CPU + AMD + NVIDIA)*
Modded XMR-stak - https://github.com/Cache-core/xmr-stak-cache (CPU + AMD + NVIDIA)**
SRBminer - https://github.com/doktor83/SRBMiner-Multi/releases (CPU + AMD)
XMRigCC - https://github.com/Bendr0id/xmrigCC (CPU)

*no official support yet
**build your own binaries



Pool List
https://miningpoolstats.stream/cache



Links
Website - https://cxche.org/
Website-v2 - https://en4orcer.github.io/website-v2/
Blockchain Explorer - https://explorer.cxche.org/

Guides - https://github.com/Cache-core/Guides
Paper Wallet - https://cxche.org/paper.html

GitHub - https://github.com/cache-core
Discord - https://discord.gg/PHyGJjg
Medium - https://cxche.medium.com
Trello - https://trello.com/b/uTKYxWEC/cache
Twitter - https://twitter.com/Cachecore
Reddit - https://reddit.com/r/CXCHE


Telegram - https://t.me/cxche
Chinese Telegram - https://t.me/cxche_cn_community
Telegram Chat - https://t.me/cxche_community
Chinese Telegram Chat - https://t.me/cxche_cn

All Telegram chats now bridge with Discord for better communication between the two platforms.

Asset Specifications
Prefix - cxche
Ticker - $CXCHE

Max Supply: 300,000,000 (300m)
Premine: 5%*
Decimals - 5
Block Time - 2 minutes
Block Reward - 3**
Block Fee - 0.001
Banking Fee - 0.001
Message Fee - 0.001

Min Deposit - 1 $CXCHE
Min Term - 1 month
Max Term - 12 months
Min APR - 0.408%
Max APR - 8%

* = Split between a Foundation Fund & a Governance Fund
** = Base reward is 3 then +0.25 every 3 months until 5 $CXCHE, then it stays static at 5.

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[CacheCore]

[Bump]

Updated ANN post.
Explains Cache Deposits.
New Timeline and Milestone section.
Added new WIP site preview.

[cryptomaxsun]

Now there are over 15 million coins in circulation, with a daily emission of 2160 coins.
Is this premine so huge?

[MonsterV]

a project with big premine is not very good and has big risk of team dump the coin if its listed on any exchange , do you have any specify plan how to use the premine or its only for team member that working with you and they are free to sell anytime they want or you already have marketing plan or any bounty campaign on this forum to use the premine.

[Tastiger]

The Premine represents 3% of the maximum supply. This is used to fund the Cache jobs concept. This means that members of the Cache team, including the core developers, are paid a monthly wage is $CXCHE. This is accountable to the community also.
The banking function will make these wages sustainable over time and have the effect of locking the banked portion of the premine from "dumping". With this model it is not in the teams own interests to "dump". Bounties and job roles have been handled on Discord so far.
Growth is slow but steady and respects those that engage as team members have day jobs to live by as there is no "get rich quick" scheme here - rather a sustainable community is being developed.
I am speaking not as the founder of Cache but as a person who is contributing time, expertise, and resources by choice for my wage in $CXCHE and belief in the concept when I came across it.
Looking for something unique? Here it is. It will build as more see the same and the intrinsic value is not just in mining cost but the very effort of people contributing to Cache in their job roles.
Check out some of the information available in Links above for more understanding and the new website coming soon. You will find Cache incorporates several best of blockchain tech and adds much more - including a likable imperfectness in documentation early stages due to community driven nature.

[MonsterV]

a monthly wage for team is locked on any periode or they are free to sell anytime they want, if yes then thats very bad for first time if its listed on exchange when every month team are selling their coin from monthly wage, would be good if there is lock time periode for them to sell it.

[CacheCore]

The worst is not the 15 millions premine itself. It is the fact that it is hidden. It is unannounced on their websites, unannounced here and unannounced by their paid influencer. There is 0 ethical value behind this thing whatsoever.

It has never been hidden although I must admit this ANN did lack some information and if you can see the edit history, you’ll see that things are still getting added to this announcement.

[24Kt]

The worst is not the 15 millions premine itself. It is the fact that it is hidden. It is unannounced on their websites, unannounced here and unannounced by their paid influencer. There is 0 ethical value behind this thing whatsoever.

It has never been hidden although I must admit this ANN did lack some information and if you can see the edit history, you’ll see that things are still getting added to this announcement.

Let's give them the benefit of the doubt. As they are still new in this forum, give them time to accomplish necessary things. They can always add details in their OP and that's understandable for every project. But they should be transparent, else, people will see it as cheating the community. Let's wait and see if they can deliver this privacy focused decentralized banking. Or will just be another empty promise in the making?

[CacheCore]

The worst is not the 15 millions premine itself. It is the fact that it is hidden. It is unannounced on their websites, unannounced here and unannounced by their paid influencer. There is 0 ethical value behind this thing whatsoever.

It has never been hidden although I must admit this ANN did lack some information and if you can see the edit history, you’ll see that things are still getting added to this announcement.

Let's give them the benefit of the doubt. As they are still new in this forum, give them time to accomplish necessary things. They can always add details in their OP and that's understandable for every project. But they should be transparent, else, people will see it as cheating the community. Let's wait and see if they can deliver this privacy focused decentralized banking. Or will just be another empty promise in the making?

As a team, we strive to be transparent with every move we make. We hold discussions in our Discord server where members can have a say in what happens next in terms of how the blockchain works and what we should be doing as project.
We are transparent about the premine as the wallet and view keys can be imported by anyone to verify the funds in that said wallet, located here: https://github.com/Cache-core/Resources#foundation-fund-transparency

[CacheCore]

[Bump]

Cache reevaluated has its total supply following discussions within the community https://cxche.medium.com/the-direction-of-cache-9e6f169d447d

[CacheCore]

malware found in corewallet

Can you elaborate? Windows Defender doesn't tend to like anything cryptocurrency related. Since there is a built-in miner, that is what will be flagging up.

[Tastiger]

Please detail WHYYTE. it is likely a false positive common with this type of software but with detail can be checked.

[roxxane]

3% premine = 12 years worth of mining rewards gone. You stat in ur ANN 5% premine LOL
your coin is a going to go on fisrt exchange and the dev team will dump all premine and leave coin only to start another coin and repeat the same thing over and over.
No diffeent to many coins being made now under cryptonight algo. all say the same thing in ur white paper and end up doing nothing after you get on a exchange and dump premine, then make new coin and say the same thing and do it all again.

coin will fail like every other cryptonight coin.

[Tastiger]

3% premine = 12 years worth of mining rewards gone. You stat in ur ANN 5% premine LOL
your coin is a going to go on fisrt exchange and the dev team will dump all premine and leave coin only to start another coin and repeat the same thing over and over.
No diffeent to many coins being made now under cryptonight algo. all say the same thing in ur white paper and end up doing nothing after you get on a exchange and dump premine, then make new coin and say the same thing and do it all again.

coin will fail like every other cryptonight coin.

Please read https://cxche.medium.com/the-direction-of-cache-9e6f169d447d to see emission changes and how premine is implemented before exchange launch

[CacheCore]

[Bump]

All Telegram channels and chats now bridge with Discord for better communication between the 2 platforms.

https://t.me/cxche_cn Chinese community Telegram chat.

[CacheCore]

[Bump]

https://rmtt2004.medium.com/cache-privacy-focused-blockchain-6f5974ca82cb - Brilliant article written by Rana M. Talha

Rana also mentioned in our Discord server the following:

Rana.M.Talha#1980
... Also if anyone from Pakistani or  Indian need to know about Cache in local language contact me.

[crypto_trader#43xzEXrP]

Is there already implemented the staking? Or still not implemented, but will be implemented in future?
I just see [PoW+PoS], in the topic name, and POS, means Proof-Of-Stake, as I understand.

[Overstriker]

Cache is a copy and paste of CCX. It doesn't have PoS. Cache devs are calling PoS to CCX cold staking. They should have honored the MIT licensing and the mining algo name. Copy and paste is stealing.

This project is dodgy AF.

[Overstriker]

They just removed Conceal.Network copyrights. check this

https://github.com/Cache-core/Cache/commit/4182ea6541925566eee891b856ff6ead6ca85c97#diff-33b51114d3d64b62c1b03a79edb45c14d29fa2e7103e352fa46698a157e3a5ea