Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come

[KryptoKash]

Coinshield launch date has been pushed back a few days so Videlicet can finish testing. The new date is 7/11 at noon (UTC-08:00) Pacific Time. CLICK HERE for countdown. The following was added to the OP:

CSD- Unique Features

The following features are unique to Coinshield and were created by Videlicet.

Upgraded Hashing - 1024 Bit Block Headers/ 512 Bit Core
Coinshield was built to be secure. CSD is the first coin to upgrade from a 256 bit to a 512 bit core and a 1024 block hash.


CSD Unified Time Model - Synchronizes Clocks Worldwide
Miners can no longer try to gain an unfair advantage by manipulating their clocks. No more "your wallet is 2 hours behind" error. Wallets will always be on the correct time, regardless of your clocks settings. CSD Unified Time Model keeps your clock in sync to the second no matter if your clock is off by 5 minutes or 5 days.


CSD Fractional Rewarding - Prevents Inflation / Locks Distribution to Timed Release
No more instamine! Goodbye HUGE multi-pool profits! CSD Fractional Rewarding bases block reward off of the block time when the chain is producing too many blocks. This will keep the Coin Distribution Locked to a Specific Time, which means no matter how many blocks are made, coin supply will remain on target.


No More Block Reward Halving
Coinshield was designed to have longevity, and be a stable container for wealth for many years to come. This is why coinshield block reward will never half over night. CSD follows an exponential decay model, which follows a curve to ease shock to market. It will be mineable forever, with minimal inflation of 1% after 10 years.


The First Multi-Channel coin with POS
Coinshield has a CPU mining channel, a GPU mining channel, and POS at a 2% Annual Inflation (2 Week Age, 2 Year Limit).


SK-1024 (New GPU Mining Algorithm)
Skein-1024 hashed to Keccak-1024. Skein was the second runner up in the NIST SHA3 competition. Together these two algorithms are highly secure.


Prime Search (New CPU Mining Algorithm)
This channel looks for very large prime numbers from a 1024 bit hash. These numbers can be as large as 308 digits. It uses a fractional difficulty proportion to adjust the difficulty. This will help number theorist in proving/disproving conjectures concerning prime numbers.


Shield Target - Target Difficulty from Chain Time and Block Time Proportions
Coinshield has it's own difficulty targeting system called Shield Target. Shield Target will provide Coinshield with a smooth increase and sharp decrease in mining difficulty. For the GPU mining algorithm Shield Target uses two variables:
1. Giving Block Time
2. The Chain Time

The first variable will tell you how far off target that one block is, the next variable will tell you what block the block chain should be at. If the height of block being created is less than the target chain height, that block will be at a lower difficulty to stimulate more block production. This will bring chain back to its target. If chain is too far ahead of target, it will have larger difficulty increases to increase their block times and get the chain back on target (for specifics see code at launch).

For the CPU, Shield Target works by getting an average of N block times which will determine what the difficulty should be adjusted to. The prime numbers found will have to fulfill a proportion of Fermat Remainders of (2 (2n - 1) + 1) and ((n - 1) / 2) + 1) / 2 which makes larger proportions *rare* to find. The second factor taken into account is the size of the 1024 hash. This is done by taking the difference between largest 1024 bit number and prime number to account for larger primes requiring more computing to produce.

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[DISTRO72]

After reading the text I thought you were working for the NSA.

But anyway your coin is shit like many other coins.

The market is the place where coins are judged.

Your described methods are furthermore not legal or do you own a bank license and work as a sheriff at the same time?

I bet if you don't work for the NSA they'll catch you soon and everyone else involved too.

Or some coin owners.

To invest money in destroying coins is like throwing it away.

Put yourself on your own list.

[smokim87]

What happens when the entire community of shits (including whales) decide to go against you? Shitcoins make whales a living, take that from them and they'll come after you. They could destroy the value of this coin and wondering if you can defend against hundreds of BTC. So how would this be resolved?

Also the shitcoin that gets the highest votes will probably be dead for a while and really doesn't matter anymore. Instead of trying to kill already dead shitcoins maybe try preventing them from being created which I find impossible now.

[Videlicet]

What happens when the entire community of shits (including whales) decide to go against you? Shitcoins make whales a living, take that from them and they'll come after you. They could destroy the value of this coin and wondering if you can defend against hundreds of BTC. So how would this be resolved?

Also the shitcoin that gets the highest votes will probably be dead for a while and really doesn't matter anymore. Instead of trying to kill already dead shitcoins maybe try preventing them from being created which I find impossible now.

If this were the circumstances, I would presume a whale [or community of a coin] would be active in appealing any petitions to destroy said shitcoin. This would cause a significant controversy that would have to be resolved before a petition was approved or denied. I want to clarify, that it will not be us making the decisions, we are only here to make sure the community's voice is actively reflected.

Onto your point of preventing coins from being created, this is what Coinshield Verification will help with [by adding any Coinshield Verified Clones to channels]. We can not expect any changes to happen over night, but I believe as more people become familiar with the Vision of Coinshield, eventually we can bring some quality into the marketplace. This will come from people raising their standards of "what is acceptable", while having a new tool [Coinshield] that gives them the power to do so.

If we work together, we can change the way things are.

~Videlicet

[coolmyrig]

Shitcoins make whales a living

[McNulty]

how about power usage for your GPU algo ? have you done some test ?

[LTCMAXMYR]

 SHA-512 ,whitch one ? SHA-2 512bit, or SHA-3 keccak 512bit ?
and is there a cpu miner for this algo?

[herzogzwei]

Yet another shit-killer! pls try not to become the new kind of SHITCOIN

[BitSlapper]

Sorry if this was already asked... but will the GPU miner be available on Launch?

how about power usage for your GPU algo ? have you done some test ?

I'm interested in this also.

Would like to know if my rigs are going to become space heaters again...

[CryptoHobo]

dafuq, thought u'd launched but im guessing this https://bitcointalk.org/index.php?topic=681570.0 isnt CSD

theyve just switched the name around and made it x15

[dbt1033]

dafuq, thought u'd launched but im guessing this https://bitcointalk.org/index.php?topic=681570.0 isnt CSD

theyve just switched the name around and made it x15

Shieldcoin just looks like some garbage clonecoin bullshit.

It looks like the Coinshield team wants to ensure that everything is absolutely perfect before they launch.

They are bringing never before seen innovation to the crypto community, and I am very excited, to say the least.

I'll see you guys in three days, when it's ready to go live.

Good luck!

[KryptoKash]

Sorry if this was already asked... but will the GPU miner be available on Launch?

how about power usage for your GPU algo ? have you done some test ?

I'm interested in this also.

Would like to know if my rigs are going to become space heaters again...

Videlicet will reply however there will be a slight delay. He has been coding and testing 15hrs+ everyday. I informed him about your posts, as soon as he takes a break he will jump on and reply.

dafuq, thought u'd launched but im guessing this https://bitcointalk.org/index.php?topic=681570.0 isnt CSD

theyve just switched the name around and made it x15

That is not Coinshield. We have not launched. I'm sorry for the confusion the other coin dev. has caused. This is another example as to why the industry needs Coinshield.

[KryptoKash]

SHA-512 ,whitch one ? SHA-2 512bit, or SHA-3 keccak 512bit ?
and is there a cpu miner for this algo?

The CPU miner will be released at launch. 

[djm34]

CSD Unified Time Model - Synchronizes Clocks Worldwide
Miners can no longer try to gain an unfair advantage by manipulating their clocks. No more "your wallet is 2 hours behind" error. Wallets will always be on the correct time, regardless of your clocks settings. CSD Unified Time Model keeps your clock in sync to the second no matter if your clock is off by 5 minutes or 5 days.

can someone explain to me, how I can gain unfair advantage by manipulating my clock.
Usually when I get "your wallet is 2 hours behind", it is rather due to the fact I am not synchronized with the blockchain... 

[BitSlapper]

SHA-512 ,whitch one ? SHA-2 512bit, or SHA-3 keccak 512bit ?
and is there a cpu miner for this algo?

The CPU miner will be released at launch. 

What about the GPU miner?

[Videlicet]

It seems there are some [questions] here needing [answers].

1. The CPU Miner - This will be released in the client at launch [will make external rpc miner in time]. This will be looking for prime clusters, searching off of a 1024 bit hash [~308 digits]. It will help to determine various prime number conjectures concerning "dense prime clusters". These clusters have been found as large as 17 primes.

2. The GPU Miner - I am currently in process of coding this [from scratch]. Since I upgraded the Coinshield Core to 512 bit / 1024 bit headers, all previous miners in their architecture will not work. My goal is to have a basic solo miner available for launch. I will be developing this more in the future [and hope others may help].

3. Unified Time / Fractional Rewards - The fractional rewards bases your block reward off of your block time. With the old time system, it would get an average median of all connected nodes, and check that median to your personal clock. With this, the network would then tell you to change your time if it was off from the median. Due to the node not having a connection to every node in the network, it would be unable to get a completely accurate median time, so "allowable clock drift" was integrated into the code [this is what partially allowed time-warp exploits with KGW].

Now, Unified Time locks the network to a set time seed, allowing everyone to be on the same time [+ / - propagation time]. Now if the time was not set in such a way, one would be able to change their clock's time to be closest to the "allowable clock drift = 2 * 60 * 60". This would enable anyone to make blocks 2 hours in the future, making the network think the block took 2 hours to create, which would give a fractional reward of [7200/60]. This would cause unfair advantage.

To Clarify, "Your wallet is 2 hours behind" is not the warning, it is "Warning: Please check that your computer's date and time are correct.  If your clock is wrong Coinshield will not work properly."

4. Coinshield Core - The core is done, it is just fine "tuning" now. This is on-time for launch.

Hope this helps,

~Videlicet

[nonny12]

Is that the old CryptoRush.in logo on your website? 

[KryptoKash]

Is that the old CryptoRush.in logo on your website? 

I personally have only used BTC-E, Cryptsy, and Mintpal - I never been on CryptoRush. After some google searches I verified you are correct. It looks like our designer slipped that in under our radar. We will get that changed ASAP. Thank you for letting us know.

[nonny12]

Is that the old CryptoRush.in logo on your website? 

I personally have only used BTC-E, Cryptsy, and Mintpal - I never been on CryptoRush. After some google searches I verified you are correct. It looks like our designer slipped that in under our radar. We will get that changed ASAP. Thank you for letting us know.

You'd do best to not associate yourselves with cryptorush 

[shrekster]

Why is this even a thing