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

[KryptoKash]

We have updated the OP. Here is the final version of everything that is unique to Coinshield:
CSD- Unique Features

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


Increased Security
SK-1024, SK-512, and SK-256 hashes used for Coinshield Core (to replace SHA2). It is Skein (second runner up in NIST SHA3 Competition) and Keccak (New SHA3 Standard) hashed together. This makes Coinshield the first to create a pure SHA3 network. This will allow it to stand the tests of time as computers get more and more powerful.


Upgraded Hashing
Coin Shield will be the first coin to use a 256-bit address hash, 512-bit transaction hash, and 1024-bit block hash.


SK-256 hashing for address generation
SK-256 hashing for address generation (ex. 2QuLJSwmbzQsXSosdLnew1FWmn8NFKUDEBwe4VP4DPCgbMxGeQN)


Coinshield will use Multiple Mining Channels and Proof of Stake
Multiple Mining Channels and Proof of Stake will make a 51% attack on Coin Shield very difficult (miner would need 51% of all three channels). Proof of Stake is set at a 2% Annual Inflation (2 Week Age, 2 Year Limit).


CSD Unified Time Model - Synchronizes Clocks Worldwide
Miners can no longer try to gain an unfair advantage by manipulating their clocks. CSD Unified Time Model keeps your Wallet 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
Coinshield will use a fractional rewarding system, this helps to ensure coin generation stays “on target” regardless of the number of blocks actually being created by the miners. It will be based per mining channel, which means each channel is awarded 50% of the time released supply (to keep distribution fair). No more instamine. Multipools will no longer profit.


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. Coins produced per minute is based on a slow decaying curve. This eases shock to the market by following a very natural time based curve. Mining should be considered “long-term” (~1% inflation after 10 years).


SK-1024 (New GPU Mining Algorithm)
Skein-1024 will be hashed to Keccak-1600 to produce an SK-1024 hash.


Prime Search (New CPU Mining Algorithm)
 This was created for the betterment of Mathematics and Number Theory. CPU miner will look for dense prime number clusters from a 1024 bit hash (~308 digits). This will help in the proving / disproving of The Twin Prime Conjecture, Polignac's Conjecture, and The Hardy-Littlewood Conjecture.


Shield Target - Target Difficulty from Chain Time and Block Time Proportions
Coinshield uses Shield Target, to work hand-in-hand with fractional rewarding. It will deflate the difficulty if mining channel is behind in blocks to bring reward up to target. It also uses asymmetrical adjustments to give higher priority to reduction in difficulty (this allows channel to recover quickly from large hash rate decreases).

[Videlicet]

Videlicet, I am happy to see a knowledgeable developer putting in so much hard work.

But I am worried about QA, with so much innovation and new code coming from a single source, there must be bugs. What is the QA process, who are the testers?

I do not mean to discourage the effort at all, or anything negative, rather to encourage this to go smoothly for you, since you have put so much hard work in to the project.

It is currently just [me] testing [with many computers], this is one reason I have been pushing the launch back [I need to ensure that the code is stable].

Anyone is welcome to help test, I'm actually thinking of releasing some binaries with a Unifed Time Lock set to 7/18/14 12:00 PM, so that we can test it on a testnet before launch. Either way this will keep people from producing any blocks on main net until launch time, to allow the binaries to be released before launch [this makes the process much easier on everyone] 


Thank You,
~Videlicet

I would be interested to participate in some testing.

Thank You, what operating system would you be able to test with?

~Videlicet

[coinsolidation]

I can also test with windows xp/vista/7/8 and ubuntu 10/12/14.

You can upload binaries to github by tagging a release, I just went through this process and found it to be easy. You can download by wget as well, which is good for testing on servers.

[Videlicet]

I can also test with windows xp/vista/7/8 and ubuntu 10/12/14.

Perfect, Thank You. I'll be sure to let you know [I'm projecting that I'll release some binaries by Friday]

~Videlicet

[coinsolidation]

I can also test with windows xp/vista/7/8 and ubuntu 10/12/14.

Perfect, Thank You. I'll be sure to let you know [I'm projecting that I'll release some binaries by Friday]

~Videlicet

pm me at the time, I try to follow other interesting threads daily, but do not always manage as I am also busy developing!

[Videlicet]

I can also test with windows xp/vista/7/8 and ubuntu 10/12/14.

Perfect, Thank You. I'll be sure to let you know [I'm projecting that I'll release some binaries by Friday]

~Videlicet

pm me at the time, I try to follow other interesting threads daily, but do not always manage as I am also busy developing!

Thank you for your willingness to help!

~Videlicet

[gjhiggins]

Anyone is welcome to help test, I'm actually thinking of releasing some binaries ... so that we can test it on a testnet before launch.

+10

Happy to help with the testing (Ubuntu trusty 64bit, OS X 10.6).

Cheers

Graham

[Sinohe88]

willing to help in test net
i'm on win7 64 and xp 32

i like this project anyway and will support it
i really hate all those premined shitcoins

btw, i saw someone already asked this but no answer so far
so i asking again
how is the heating conditions for hashing in this algo?

[billotronic]

I can help test as well. I have many *buntu variants 32 & 64 and a few random win boxes for color.

[Superxfast]

I can also test with windows xp/vista/7/8 and ubuntu 10/12/14.

Perfect, Thank You. I'll be sure to let you know [I'm projecting that I'll release some binaries by Friday]

~Videlicet

Dear Videlicet,

I can help to test with many Linux Server Centos 6, Windows server 2003, windows 8

Best Regrds,

[jBacchus]

What would testing involve?  Just mining?  I can do some CPU mining on Windows 8.1 machine with a 1st gen i7 (970)...

Would be interested in seeing how this plays out!   Sounds like a great concept and carefully planned... hope it executes in the same fashion!

[Videlicet]

Thank you everyone! I'll post some more details [of what you can do to help test] when I release the binaries. I will be sure to have some compiled for linux / windows.

The GPU algorithm should run cooler than [scrypt / scrypt-n], it is based off of top 5 SHA3 candidates [winner and runner up] which had to maintain a certain level of efficiency [x11 is just a combination of 11 SHA3 candidates]. I don't have any reasonable data to verify this, so keep in mind this is a [logical assumption] for now... I will be sure to post test data as soon as I have it.

~Videlicet

[cwrmyy888]

Are you kidding me ?
7/8

7/11

7/18

shit coin

[djm34]

Thank you everyone! I'll post some more details [of what you can do to help test] when I release the binaries. I will be sure to have some compiled for linux / windows.

The GPU algorithm should run cooler than [scrypt / scrypt-n], it is based off of top 5 SHA3 candidates [winner and runner up] which had to maintain a certain level of efficiency [x11 is just a combination of 11 SHA3 candidates]. I don't have any reasonable data to verify this, so keep in mind this is a [logical assumption] for now... I will be sure to post test data as soon as I have it.

~Videlicet

so no more keccak-1024 and skein-1024 ?
(actually the only keccak-1024 I found, is an asm for fpga  , and a slide for asic... I suppose in support for NIST competition)
I didn't even see an implementation of keccak-1024 in keccak source files... beside the fpga stuff)

[djm34]

Thank you everyone! I'll post some more details [of what you can do to help test] when I release the binaries. I will be sure to have some compiled for linux / windows.

The GPU algorithm should run cooler than [scrypt / scrypt-n], it is based off of top 5 SHA3 candidates [winner and runner up] which had to maintain a certain level of efficiency [x11 is just a combination of 11 SHA3 candidates]. I don't have any reasonable data to verify this, so keep in mind this is a [logical assumption] for now... I will be sure to post test data as soon as I have it.

~Videlicet

the top 5 sha3 candidate so basically it will be NIST5  
(if it is the case... I will call that a fail and walk off ... but at least it will be faster to write your gpu miner... mine too in a matter of fact  )
When I think I started to look into skein-1024 (which actually wouldn't be too difficult (though painful) to port to sphlib)
 

[Videlicet]

Thank you everyone! I'll post some more details [of what you can do to help test] when I release the binaries. I will be sure to have some compiled for linux / windows.

The GPU algorithm should run cooler than [scrypt / scrypt-n], it is based off of top 5 SHA3 candidates [winner and runner up] which had to maintain a certain level of efficiency [x11 is just a combination of 11 SHA3 candidates]. I don't have any reasonable data to verify this, so keep in mind this is a [logical assumption] for now... I will be sure to post test data as soon as I have it.

~Videlicet

the top 5 sha3 candidate so basically it will be NIST5  
(if it is the case... I will call that a fail and walk off ... but at least it will be faster to write your gpu miner... mine too in a matter of fact  )
When I think I started to look into skein-1024 (which actually wouldn't be too difficult (though painful) to port to sphlib)
 

My apologies, I should have been clearer in my wording. What I was trying to convey, is that it is Skein-1024 to Keccak-1600 to produce an SK-1024 bit hash [of 1024 bit output length]. Keccak-1600 was the winner overall, where Skein-1024 made it to the last round [the top 5]. Since Keccak-1600 is a sponge function, it works quite well by "absorbing" the Skein-1024 hash then "squeezing" it into a 1024 bit hexadecimal string.


Example SHA3 [SK-1024] Hash:

000006c258cd34fa401ec28eb3967ff4c2f05df1700d24bd68efb6bfec7763e5db168f6d2ebfdc7 402168d7a3a673cca8373fce15d990b6151a3be26a01cdcf142019805a0b838f0d12b5909cecd4e 15811d89d7e23f402601409f1542c8475a4d7e7a1d078fa406e87b58eb64460b4465c87ddab25f6 a74c61e779b0e9c50bd

Example SHA2 [SHA256] Hash [Bitcoin Standard]:

00000001f757bb737f6596503e17cd17b0658ce630cc727c0cca81aec47c9f06

~Videlicet

[Sinohe88]

Thank you everyone! I'll post some more details [of what you can do to help test] when I release the binaries. I will be sure to have some compiled for linux / windows.

The GPU algorithm should run cooler than [scrypt / scrypt-n], it is based off of top 5 SHA3 candidates [winner and runner up] which had to maintain a certain level of efficiency [x11 is just a combination of 11 SHA3 candidates]. I don't have any reasonable data to verify this, so keep in mind this is a [logical assumption] for now... I will be sure to post test data as soon as I have it.

~Videlicet

Thanks for reply
looking forward for more info on algorithm and it's miner

[Videlicet]

Thanks for reply
looking forward for more info on algorithm and it's miner

+1 Since the Pre-Launch of this coin, it has really evolved from community involvement. I wouldn't have come to create SK-1024 without many great suggestions 

Thank you for your support,
~Videlicet

[Bombadil]

Probably no miner at launch for Nvidia ^^" You should ask in the cudaminer thread, there are some new devs there who like bounties

EDIT: Oh, no premine That's new *cough* So no bounties he

[Videlicet]

Probably no miner at launch for Nvidia ^^" You should ask in the cudaminer thread, there are some new devs there who like bounties

EDIT: Oh, no premine That's new *cough* So no bounties he

I will look into an Nvidia implementation

To point out, there is a developer fee you can see outlined in the OP on a per block basis [~2% total coin supply after 10 years] which could be used for such purposes. The reason for this is to protect the investments of holders against "dev dumps" [by developers having large % holdings] that usually come with pre-mines, but to still have available some of the positive attributes of a pre-mine [ex. bounties, costs, design, development, etc.].

~Videlicet