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Author Topic: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees  (Read 129033 times)
Fractalcoin
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June 12, 2014, 10:00:11 PM
 #1

Please vote for us on MintPal!

[ANN] [FRAC] Fractalcoin




Introduction

Fractal Coin is a revolutionary X11 PoW coin featuring a new difficulty adjustment algorithm (Slingshield) and a unique two phase distribution plan which ensures that the coin remains sustainable and economically viable indefinitely. During the first 28 days 90% of all coins will be distributed before the coin then transitions to Slingshield and percentage based fees which will begin to form the backbone of the block rewards. Eventually the block rewards will be completely provided by percentage based fees beyond the initial distribution period.

Specification

  • X11 Proof of work.
  • 1 Million coins total.
  • 60 Second block time.
  • Slingshield providing advanced 51% protection by increasing hashrate required for attack to 71%.
  • 90% of coins mined in the first 28 days of mining to combat inflation and price instability.
  • Digishield transitioning to Slingshield to provide sustainable difficulty adjustment tailored to the coins timeline.
  • 0.5% transaction fees after 28 days, ensuring that mining remains profitable without hyperinflation.
  • 0.5% premine to aid development.


Features

Percentage fees

Once activated and the block rewards lowered, the contribution of fees to the block reward will increase significantly. As such by the end of the block schedule the coin will be able to totally sustain itself with a high block reward solely comprised of coins from percentage fees. This ultimately ensures that the Fractalcoin network will remain secure for the significant future and that it'll also be economically viable.

Slingshield

Once activated Slingshield adjusts difficulty dynamically as transactions are added to a block. This significantly decreases the risk of attacks such as conducting a double spend as with Slingshield the attacker would now require 71% of network hashrate as opposed to 51%. This in turn ensures increased network security and a fair balance between both loyal miners and multipools that only mine blocks with high transaction fees.

Full details about the Slingshield difficulty adjustment algorithm are available in the white paper here.

Fair and stable launch

Initially the block rewards for the first 30 blocks contain no coins, this is to ensure that the launch is as fair as possible. This means that pools have time to confirm that their systems are working as expected and that everyone has a fair chance to unlock their wallets and set up solo mining if they wish.

Transparent premine distribution

There will be a 0.5% or 5000 FRAC premine that will be used to fund further development of the coin and reward the founders and developers working hard to make this coin a reality, it will be distributed as follows:

  • 0.1% to each of the 3 founders at Cryptolabs Technologies, creator of Fractalcoin.
  • 0.2% for bounties and development of the coin.


Pools


Exchanges



Reward Schedule

After the initial 30 blocks the reward schedule for this coin features a rapid distribution of coins for the first 28 days. Large rewards are available for those mining on the first and last day of the initial phase to both reward early adopters and also to entice those who may have missed out originally at release.

Initial Fractal Phase: Digishield

  • 1: 5000 FRAC Premine
  • 2 - 31 : 0 FRAC (to ensure that launch is fair and everyone including pools are ready for launch)
  • 32 -1471: 40 FRAC (1 day)
  • 1472-20191: 20 FRAC (13 days)
  • 20192-38912: 10 FRAC (13 days)
  • 38913-40352: 40 FRAC (1 day)

Final Fractal Phase: Slingshield and 0.5% fees activated

  • 40353-318230: 1 FRAC (approximately 221 days)
  • 318231 and onward: 0 FRAC

From block 318231 onwards the block reward will be fully sustained by means of percentage fees.


Blockchain explorers



Utilities



Wallet


The Fractalcoin source code is now available at our GitHub repository here.


Faucets



Dice Games



Merchants



Social Media



Translations



Bounties

  • Translation of ANN thread into Mandarin [50 FRAC]
  • Translation of ANN thread into Spanish [50 FRAC]
  • Translation of ANN thread into German [50 FRAC]
  • Translation of ANN thread into Russian [50 FRAC]
  • Translation of ANN thread into French [50 FRAC]
  • Translation of ANN thread into Italian [50 FRAC]
  • Informative video explaining Fractalcoin [100 FRAC]
  • Producing a service that utilizes Fractalcoin [100 FRAC]
  • High quality and informative website design for Fractalcoin [400 FRAC]
  • Blockchain explorer [100 FRAC]
  • Rich List page [25 FRAC]
  • Faucet [35 FRAC for bounty + 15 FRAC to seed the faucet]


Premine wallet addresses

  • Wallet 1 containing 1000 FRAC: FdginKcGNUWfZDtK57RU85hMMHaBbnanyP
  • Wallet 2 containing 1000 FRAC: FpbzPz2fQ2UFYpCWPCyKhVmF3jB1fQCkZN
  • Wallet 3 containing 1000 FRAC: FodAfX54Dn6drHqht2QSzsAVYZQ2UTLq7i
  • Wallet 4 containing the remaining bounty funds: Fmf7UCjqrSijiPR4gMmZzDSqLw4oqdsKzL


Donations

If you would like to help Fractalcoin grow then please consider donating to the Fractalcoin fund, the address is:

FstbqXN338TCE7CGG9GsdK5qisZP1sWxew

This fund will enable us to continue providing bounties and allow us to maximise exposure of the coin through advertising and marketing campaigns. The scope of the donation fund is not limited to the above however, they are just some of the potential uses.


Network Ports

  • RCP = 33111
  • P2P = 33112
1513092230
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Reply with quote  #2

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June 12, 2014, 10:25:27 PM
 #2

awesome. i love fractals.
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June 12, 2014, 10:27:02 PM
 #3

I'll be mining this Saturday!  Just need a pool to pre-reg at, as I have my hockey game at that time!


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JOIN US ON SLACK
xiaohuolv
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June 12, 2014, 10:45:57 PM
 #4

wow,good coin!Ready to mining

binaryclock
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June 13, 2014, 12:54:41 AM
 #5

Will put up pool in the next hour!




FRAC.V2.DEDICATEDPOOL.COM

Mining Information

  • SSO (single sign-on) - one account for all our pools on Dedicated v2.0
  • Custom stratum/mpos environment
  • Vardiff enabled
  • PPNLS payout system
  • Everything is transparent - blocks, donations, fees.

Server Infrastructure

  • SIX(6) SERVERS IN CLUSTER
  • DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
  • 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
  • Ramdisks, memcaches, to make things go extremely quick

DEDICATEDPOOL.COM
workminer
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June 13, 2014, 12:56:49 AM
 #6

i will waiing for you in pool
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June 13, 2014, 04:27:09 AM
 #7

i will waiing for you in pool

Watch out.  This guy pees in the pool.


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▬▬  ▬▬  ▬▬  ▬▬  ▬▬
White Paper
▬▬  ▬▬  ▬▬  ▬▬  ▬▬
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June 13, 2014, 04:32:34 AM
 #8

Hmm, I'll keep an eye on it.

I suggest changing the ticker letters tho. It reminds me of Fracking which is a drilling technique that has come under fire and has some negative conotations.
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June 13, 2014, 04:39:26 AM
 #9

Cool, slingshield is new to me but it looks like you have this well planned. Awaiting further details and launch Smiley

[ Minerals ] - The most fair distribution crypto
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June 13, 2014, 05:31:56 AM
 #10

Spanish Translation Done !!
https://bitcointalk.org/index.php?topic=650506.new#new

Good Luck I'm in!!

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

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June 13, 2014, 08:31:05 AM
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Altcoin Calendar for mining team
http://www.thecoindesk.com
cryptoday.info
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June 13, 2014, 12:32:31 PM
 #12


Click here and join us!
Prop 1%
VarDiff
Dedicated Server EU(Amsterdam, ams-ix)
DDos protected
pre-registration open now!
MineP.it
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June 13, 2014, 12:37:06 PM
 #13

MinePit will do a pool for this coin but unfortunately I won't be around at launch time so it will have to wait until the following morning.

https://www.minep.it - secure, stable mining pools | 0.75% fees | chat | forums | one login for 40+ pools | unique interface
Pools: Bitcoin | BitMark | ConspiracyCoin | CryptCoin | CureCoin | DarkCoin | Digit | DogeCoin | Dvorakoin | FeatherCoin | FractalCoin | Hiro | IsraelCoin | KarmaCoin | Kryptonite | LimeCoinX | Litecoin | MultiWalletCoin | Negotium | NewWorldOrder | OzzieCoin | PyramidsCoin | RootCoin | SaveCoin | Shade | SurvivorCoin | SysCoin | TalkCoin | TitCoin | Trinity | UseCoin | UtopiaCoin | VertCoin | ViaCoin | VirtualCoin | VirtualMiningCoin | WankCoin | WorldCoin | ZetaCoin
altcoinherald
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June 13, 2014, 12:45:51 PM
 #14

Your coin has been added to the Altocoin launch calendar:

http://altcoinherald.com/3838

We'll keep an eye out for developments with your coin.

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June 13, 2014, 12:47:07 PM
 #15

Will put up pool in the next hour!




FRAC.V2.DEDICATEDPOOL.COM

Mining Information

  • SSO (single sign-on) - one account for all our pools on Dedicated v2.0
  • Custom stratum/mpos environment
  • Vardiff enabled
  • PPNLS payout system
  • Everything is transparent - blocks, donations, fees.

Server Infrastructure

  • SIX(6) SERVERS IN CLUSTER
  • DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
  • 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
  • Ramdisks, memcaches, to make things go extremely quick


Never mining in this pool again.

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June 13, 2014, 12:49:20 PM
 #16

Will put up pool in the next hour!




FRAC.V2.DEDICATEDPOOL.COM

Mining Information

  • SSO (single sign-on) - one account for all our pools on Dedicated v2.0
  • Custom stratum/mpos environment
  • Vardiff enabled
  • PPNLS payout system
  • Everything is transparent - blocks, donations, fees.

Server Infrastructure

  • SIX(6) SERVERS IN CLUSTER
  • DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
  • 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
  • Ramdisks, memcaches, to make things go extremely quick


Never mining in this pool again.

Same here, binaryclocks ways to do business is disgusting, you do not deserve any support.
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June 13, 2014, 12:52:06 PM
 #17




Site: http://xhash.net
Pool address: stratum+tcp://pool.xhash.net:3378

Placeholder is up, launch countdown is set.


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mmmmmm


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June 13, 2014, 01:44:34 PM
 #18

Fractalcoin is now on the Altcoin Calendar! https://www.altcoincalendar.info/coins/559-FRAC

Check out my full list of Coin Reviews
Currently working on the Qtum Project
My Skype account earlzdotnet has been compromised. Please report to me any usage seen from it, or from the email earlz@earlz.biz.tm
followtheboss
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June 13, 2014, 03:38:29 PM
 #19

Here is french translation

https://bitcointalk.org/index.php?topic=651053.0


cheers

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June 13, 2014, 03:44:23 PM
 #20

LOVE the idea since Ghash threatening 51% today.

Also like the price stability idea...
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