Keycoin Dev Update - 8/9/2014 - KeyOS beta testing is nearly ready and we are also building an encrypted messaging system, while standing strong to the constant attacks on morale. We are all still working hard, as of today there are currently twelve people actively working on the project.
We will wait for the FUD to die down, or create a new moderated thread with an updated ANN soon before we post any major updates. A project roadmap and description of each team member's role in the project will follow.
Thank you for following KeyCoin.
Keycoin Dev Update - 8/5/2014
Just a quick update on KeyOS project. We're moving along well and have persistence in our base of Tails OS working fully. Here is a screenshot of the bootup screen for those who like pretty things. You can choose between Live with persistence and without. Using KeyOS with persistence will give you a saved blockchain and wallet you can use repeatedly. Using KeyOS without persistence will give you a "temporary" wallet you can use to transact funds, and the wallet and all local traces of your activity will be lost after shutdown.
Picture of bootup screen:
Picture of Key anon wallet in KeyOS:
Picture of Tor network stats in KeyOS:
KeyOS Screen Saver:
https://www.youtube.com/watch?v=tV_4dPbgWjI
More updates soon. Everyone is working hard!We have an article verifying our trust rating from Coins Source:http://www.coinssource.com/crypto-coins/keycoin/Dev Update (Pt. 2) 8/2/2014*****************
As part of our commitment to bringing you consistent quality our 3D team has created a nice video to serve as an introduction to our coin and its features, and as a display of our devotion to raising the bar for what is required to be a respected altcoin.
We hope the community can appreciate our continued progress and dedication to this coin as we guide it down the challenging road to long-term adoption and trade on major exchanges, and we hope you’re all having a fun, exciting and unique trading experience.
https://www.youtube.com/watch?v=mIRSa45E960Dev Update 8/2/2014*****************
On the marketing front, we have been properly vetted by CoinsSource, and received a 6 out of 7 Trust rating. The final point is a postcard that has to be returned in the mail and takes 1-2 weeks, so we will have all 7. More vettings will follow from both well known devs in the community and exchanges. We aim to be one of the first coins to be officially vetted by Bittrex when they launch the system they announced, and are working hard toward this goal.
Some of the requirements for CoinsSource verification:
Email Address – Verified Email Address (1 point)
Bitcointalk Forum ID – Verify by private message or post if the Account is Greater than 3 months old (1 point)
Social Media – verify by a Tweet, Post to Coins Source’s Timeline on Facebook or a Private message via Social media (1 points)
Mobile Phone – verify by text message (1 point)
Mailing address – verify by post card (we send a post card and you send us a code that will be on the post card via email) (1 point)
State ID or License – send us a photograph of your drivers license (2 points)
See more info at: http://www.coinssource.com/trust/
See CoinsSource tweet about our verification: https://twitter.com/CoinsSource/status/495402437818077184
Also,
Exciting stuff going on behind the scenes, we have our OS nearing its beta release and we wanted to take a moment to fill you guys in on what we’re creating, and get some input for some things you would like added.
We believe that in an industry with currencies that move in fractions of a second, with values that can change drastically in the blink of an eye, that as traders we are greatly impeded by slow exchange operation, clunky and often ineffective web-based interfaces that make it difficult for us to access vital information as needed. Those that use bots or API tools have an advantage, but even API tools lack features, and bots carry significant risk.
We are creating a bootable linux trading environment with a suite of tools that connect to your chosen exchanges via API, allowing you to use the OS and a suite of GUI tools for trading in a real time environment both increasing your efficiency and profit potential by allowing you to execute more trades, and do less calculations manually to base your trades upon within a time frame. We feel this will help even the playing field for traders that prefer to trade manually, and also attract bot traders as they will have more direct and instant control over their trades or use their bots in our OS environment with information applied from the API tools.
Trading Tools (incomplete list please suggest more, we’re listening!)
1.Dashboard that can be customized to your liking with your choice of tools and information feeds on your choice of currencies.
2. Dynamic charting app that will emulate bitcoinwisdom functionality. Allowing you to save labeled screens and label them conveniently inside the Operating system, Perfect for taking chart notes
3. Incorporates all standard functions of web based exchange(s)
4. A database of bot scripts from various coders in the community that can be contributed to and shared with the OS users.
5.Auto-Trading & Bot functions / advanced conditionals.
6. Multi Exchange API functions (makes arbitrage a cake walk)
Spread Calc that synchronizes with your chosen exchanges, allows you to issue buys and sells depending on spread using a GUI.
7. All linked in with a customizable reporting system
8. Portfolio progress monitor and coin balance management.
Here is a quick example of one of the apps we have completed and ready for inclusion in the OS.
Spread Calculator with trading API synchronization. (yes we know it is in windows, that is where our dev prefers to work, the app is written but it is easily exported to linux.)
We will have other trade assistance and helper programs also. KeyOS will be an ongoing project with new releases and updates continually rolling out.
New Wallet releases:
Linux Anon Wallet
https://www.dropbox.com/s/y4wogf0guzgebef/KeyCoin
Mac OS Anon Wallet:
https://mega.co.nz/#!0NhXCBxY!LLOJlLe7MBBndhWvHck4ZBrxN5WSkaHcsT5PneLx5Gw
Things in various stages of production include:
Video: Nearly done, just being polished for a saturday evening release!
Decentralized exchange system that allows users to trade bitcoin for Key in a decentralized manner.
Decentralized marketplace.
Key OS trading platform
Graphical updates to the website, ann, wallet and, twitter.
Much more.
Dev Update 8/1/2014As promised here is the Mac OS Anon wallet. Enable anon in the advanced options. Linux wallet still underway.
https://mega.co.nz/#!0NhXCBxY!LLOJlLe7MBBndhWvHck4ZBrxN5WSkaHcsT5PneLx5GwDaily Dev Update - 7/31/2014
Just checking in. Work on KeyOS is going well and we will have a beta for the community to test in Virtualbox soon.
In the meantime we are compiling Mac OS and Debian/Ubuntu Linux wallets with the anon feature built in. I expect release tomorrow at latest.
Regarding the "de-anon" FUD - it is exactly that, FUD. Multiple members of the dev team have tested it and it doesn't de-anon anything, it merely gives a mixer address as output.
The program's output string even says "Mixer Address (Your wallet sent coins to this mixer)" - it doesn't even attempt to de-anon the entire transaction, and can't.
Decentralized anon is also a longer term goal we are working on.
The KeyCoin promo video is on target for Saturday release.
We are currently working with CoinsSource and Bittrex to be one of the first "vetted safe" coins, hopefully soon enough for it to be featured in our "Sponsored" bittrex banner.
Thanks all for support, fuel up those engines 
[/size]
Dev Update - 7/30/2014 Recap
Hello, Investors, Contributors, and fans. We would like to take some time to do a quick recap on some of our achievements and goals,
We offer our continued progress and commitment to this project, to prove our dedication not only to the community of investors who have taken the risk and continue to join us early in the life of this coin, but to the entire industry of crypto itself to legitimize and raise the bar for what makes an alt coin worthy of being listed on an exchange, and gaining value from our investments.
Raising the bar:
Since the launch of the project and our very first dev posts, we have been honest and devoted to our community.In our first post we explained our desire to make sure we don’t build a coin based upon the hype of forthcoming features only to continuously fail to meet them like other coins out there, but to deliver on time updates and improvements over time to create a coin that grows in value and creates a unique and safe trading environment for our supporters. we accomplish this instead by setting deadlines and meeting them with our diverse, forward thinking, and efficient team. A team so strong and that it even gained the endorsement of a prominent and well respected developer in the community that has a currency of his own.
The review by Dan Metcalf can be read here:
https://bitcointalk.org/index.php?topic=695457.msg8092391#msg8092391
What we have accomplished:
- An extremely fair launch with a diverse and powerful hash rate within moments of release. No premine, No instamine and No IPO.
- A dedicated dev comprised of over 20 team members and growing that posts and answers questions 24/7 in both our ann.
- Slow and steady growth on the exchanges to allow for fairness in the distribution of the coin. ( we didn’t buy up our own coin to accumulate for pump purposes, we want to give the keys to the world, and buy and sell with the traders)
- Public demonstrations of our anon system in which blocks of 20 key were given to all those who were willing to participate.
- A powerful and unique anon system that keeps your transactions secure using advanced encryption techniques, and randomized nodes that make it impossible even for the sender to trade the transaction through the block chain.
Goals (in no particular order and not a complete list):
- To maintain a level of progress, community outreach, and professionalism that proves our dedication to KEY, eventually gaining large scale adoption and trading across major exchanges.
- Increased adoption by prominent figures in the industry.
- To set the bar and change the alt market for the better by keeping things consistent and of a high quality. We believe that this will change the alt ecosystem for the better.
- Release an anonymous USB key based os that comes free with integrated trading tools, and an introduction to trading kit complete with a trading plan template for your personal use.
- Make improvements to our anonymous system as they are developed.
- Remain connected and in constant communication with our community, and taking their input and turning it into a reality.
In the spirit of sharing progress with KEY investors and supporters, we’d like to show a preview clip of the custom made informational video we have underway:
https://docs.google.com/file/d/0B_90UCWsvCdYejU4dG5QTGVZRk0/edit
KeyOS is also coming along well and we are testing and customizing the distribution in our dev group this week.
7/29 UpdateAs requested by the community, our anonymous transaction system has been reviewed by a cryptocurrency programming expert. Here is his review:
https://bitcointalk.org/index.php?topic=695457.msg8092391#msg8092391
7/27 update:
Lots of progress is being made on KeyOS. We intend to have an ISO image released for testing this week. We'll be putting together a form for testers, with the intention to run under Virtualbox for now.
Designs for the KeyOS usb drive are being mocked up, and manufacturers have been contacted.7/24 KEYCOIN WEBSITE LIVE!!
Structure and functionality, and info are done. More info and content are coming, and also blog posts and possibly interviews.
http://keycoincrypto.com/index.php
Keycoin forum also at: http://keycoincrypto.com/forum/
New updates below, please see News section.
July 21 update 2: https://bitcointalk.org/index.php?topic=695457.msg7963613#msg7963613
July 21, 2014 Update: https://bitcointalk.org/index.php?topic=695457.msg7946761#msg7946761
July 20, 2014 Update: see below news section
July 19, 2014 Update: https://bitcointalk.org/index.php?topic=695457.msg7922592#msg7922592
July 18, 2014, Third update today: https://bitcointalk.org/index.php?topic=695457.msg7914162#msg7914162
July 18, 2014, Second update today - added to coinmarketcap.com, intro website on http://keycoincrypto.com/
Leased 20 servers total to implement our anon sending technology, which is being testing now. This will be explained in more detail soon, for now please see:
https://bitcointalk.org/index.php?topic=695457.msg7908418#msg7908418
Our official introduction statement:
https://mega.co.nz/#!YA82hLTB!Eh-qvTzt_0fLWfPjn_jn--uyuZEEAxa3dEtngD4f4Yw
KEYCOIN
Ticker: KEY
Distribution: POW/POS
Algorithm: x13
Total Coins: Approx 1,000,000 in POW.
No premine.
Fair blocks for Community Bonus,
Blocks 1601-2000 Larger Rewards Than First.Block Reward:Block 1 - 400: 500 KEY
Block 401 - 700: 450 KEY
Block 701 - 1000: 350 KEY
Block 1001 - 1300: 300 KEY
Block 1301 - 1600: 250 KEY
Block 1601 - 2000:
550 KEY
Block 2001 - 2100: 150 KEY
Block 2101 - 3000: 100 KEY
Block 3001 - 4000: 50 KEY
Block 4001 - 4500: 1 KEY
POS Only After Block 4500
Block Time: 60 Seconds
Yearly POS Interest: 20%
50 Minted Block Confirmations
p2p port: 37941
rpc port: 37942
Coming Soon
Source: https://bitbucket.org/keycoin/keycoinWindows Wallet with Anonymous Feature (enable in Options): https://mega.co.nz/#!AoFCiZIA!SxLgk9kzie-hzkdpX5vHgTMzGnIRjxHwHmdalEjuZvoMac Wallethttps://mega.co.nz/#!cAJhhQaI!SQuZXkcJ2a2uc5jYQanZ3ZQue5p_y35aA-EQsgPq18Q
addnode=188.226.184.232
addnode=162.243.122.97
addnode=107.170.153.13
addnode=95.85.62.12
addnode=178.62.54.145
Bittrex
Cryptsy
SuchPoolMineP.itP2PoolCoin.com -
EU Server |
Canada ServerPOOL.MNdedicatedpoolsuprnova.cc
ChainzNow on CoinMarketCap also. www.coinmarketcap.com
July 20, 2014
I find it funny how the altcoin community complains about all the "shitcoins" that come out, but for every new coin, they dump the ones that are works in progress and jump on the newest released coins.
It's not really the devs to blame for this trend, releasing all these scam and shit coins. It the altcoin community, they show with their bitcoins that they dont care about many projects, they just want to jump on the next train. Stop blaming the devs for creating more coins and then abandoning them and moving to the next. They abandon them because their communities and investors do first. If you believe in a project, we should all work together and support and promote it.
With that said, KEY has had some tumultuous price waves over the last two days. We the dev team are still strong and believe in our project. We're moving forward. Anon is working and underway and we will have an explanation and infographics on this soon.
Yes, the USB metal key is going to be a mix of Tails, Tor, and the KEY wallet. You will be able to plug the usb KEY into any usb port on your pc, boot up and be connected only to Tor encrypted without any DNS leaking or other programs making connections through regular IP. Coins will be sent through the anonymous mixers and through Tor. Best would be to use the KEY on a laptop and a public wifi.
There's a lot of things to be done and we're doing our best to meet all the goals. We've brought a couple more members on the team to help with content writing and infographics so we can present more to the community. I'm working on the website and hope to be live tonight, or possibly tomorrow.
Thanks to KEY believers for staying with us.
July 19, 2014
Tor nodes are running but are still in testing. They are currently at:
addnode=sy4mk7kcf5wy7od.onion
addnode=pmgisvikfkw2ertq.onion
addnode=3oyjqy4olc6jkmz4.onion
but we are still doing some testing. I post this update to meet my promises of daily updates. They will be live soon. The Tor nodes are part of a larger project we have in store but have not announced yet.
The anonymous coin sending system is still under testing. We are aiming for a launch day of Wednesday - please note this is not 100% solid but it is the target. If there is any delay it won't be much more time.
A sponsored a KEY logo contest is currently running on 99designs.com.
July 18, 2014 - Third update of the day.
Tor nodes are being set up now, we will post the addresses for those who wish to use them. They are being set up as part of a larger project that we haven't announced yet.
Anonymous sending tech is currently working, and in testing. We will have a functional beta release in one week, possibly sooner. We'll provide more details on its workings ASAP but we're really busy right now.
Funds are currently being raised to sponsor a KEY logo contest. We're deciding if we should do it on the forums or with one of the professional site contest holders like 99designs.com.
More updates coming soon. We will check in at least daily, yesterday we updated twice.
July 18, 2014: More news from KEY Developers. Second update today,
We're now listed on coinmarketcap.com and doing quite well.
A website is under development, for now our holding page is up at
www.keycoincrypto.comAs mentioned in the previous post, we leased more servers. We are now running 8 nodes for the coin, all staking to increase POS network health.
12 more servers have been rented so we can implement our anonymous coin sending technology. We aren't making a huge deal out of this yet, but yes, it is working, and yes, it will be completely finished and released in the next few days. We will have explanations and infographics closer to the release - for now, we don't want to hype things up too much. More features are coming, and will be announced closer to their completion.
July 18, 2014:
KEY Proof-of-Work has ended and the coin has gone into full POS.
Thank you for helping us mine securely through the small blocks at the end of POW.
We're currently working together the KEY website, and today we leased 6 more servers to start testing features.
July 17, 2014:
A Message to the Community From the KEY Team
We've spent the last 12 hours making sure our network is as stable and secure as possible. More nodes have been added and the checkpointing depth has been tweaked.
We're releasing a new wallet with DNSSEED updates so that wallets automatically connect to to nodes without editing the keycoin.conf file.
POW checkpoints have been added to the code to improve blockchain security.
This is an optional update. The new wallet is here:
https://mega.co.nz/#!JMMAxQ7I!evtw_VQE_WtOiVjFWfiiEpb3pr7vpR0pjyYnIuoU-qE
Linux users may git pull.
We've also updated the KeyCoin logo. We like this one better so it will be used until we have a community contest for a new logo. One step at a time.
Customized QT wallet features are being worked on, and we will be adding Tor nodes in the next few days, for those users who wish to connect through Tor.
July 16, 2014:
KeyCoin - “Security is KEY”
An Informal Message from the KeyCoin Team
July 16, 2014
Hello community, and all our fanatical supporters. Hello to the trusty FUDsters, as well.
We the developers decided not to post until the coin had passed the large block rewards that were intended as a community bonus, and to ensure a more fair distribution. We thought this would be beneficial to our miners, investors, and community. we also wanted to measure the reaction to a unique and fair distribution method.
The rewards were originally stated as Block 2001 - 2100 would be 550 KEY payout. However, the actual large blocks came before that, from Block 1601-2000.
This was intentional. We want to reward members of the community who were mining all along, not the multipools and giant hash farms who will wait for the target block and use so much hashrate.
The actual block rewards are very similar, as follows:
Block 1 - 400: 500 KEY
Block 401 - 700: 450 KEY
Block 701 - 1000: 350 KEY
Block 1001 - 1300: 300 KEY
Block 1301 - 1600: 250 KEY
Block 1601 - 2000: 550 KEY
Block 2001 - 2100: 150 KEY
Block 2101 - 3000: 100 KEY
Block 3001 - 4000: 50 KEY
Block 4001 - 4500: 1 KEY
The last 500 block rewards are very small, to make up for the huge rewards in the middle 400 blocks. We will be assisting the mining of these if the community lacks interest.
KeyCoin Team
There are 4 full time members on this project, with the backing of some very large investors. For now, we want to keep our identities confidential. We will consider naming ourselves in the future.
We are:
Member 1 - Full time C++ programmer, skilled with QT and cryptocurrency development.
Member 2 - Python, Ruby, and PHP programmer, with a focus on web application development and API integrations.
Member 3 - Well rounded, full time graphic designer specializing in usability and interface development.
Member 4 - Community relations and PR manager, will be maintaining our website, twitter, other social media, and press releases.
We have several technologies currently in the development phase that will bring meaning and understanding to both the name “KEY” and “Security is KEY.” To separate ourselves from current hype based white paper style coin releases, we will not be announcing all of these features at launch. Instead we will be releasing them and implementing the technologies in a controlled fashion over time to ensure continuous healthy movement in the coin, and a rewarding, unique trading experience for those that choose to invest. Our goal is to create something worthy of being added to larger exchanges, eventually reaching the point of larger scale adoption, we have the devs and the financial backing to accomplish this goal.
Questions and Answers: (from BitcoinTalk Thread)
Question: Why such a low coin count?
Answer:
Several reasons, in short:
The POW mining period was limited, we did this to eliminate the ominous presence of multipool dumps as our coin grows in value over the next few weeks.
Also, we want the value of each coin to be significant, as it is one of our goals to have an eventual USD pairing.
Question: Was this coin premined or heavily instamined by the devs?
Answer:
Absolutely not! We did have a bit of hash power distributed throughout the first few pools to ensure that things went smoothly with the launch. Things went incredibly well however and we experienced a massive amount of distributed hash power on the network that continues even today. This has created a healthy environment for the coin and it’s robust network.
Question: What is different about KEY?
Answer:
KEY is a forward thinking coin. We have made some small tweaks to Proof-of-Stake code after discussing the potential hazards with other experienced developers. These small changes, and the fact that we run the nodes and private checkpointing server on powerful machines, ensure a more secure network, which proves resilient to accumulation attacks.
KEY has attracted the eyes of the crypto community. KEY has large investors onboard, a focus on security, and KEY has a fair block reward structure, with the largest payout blocks in the middle of the rewards.
We will have ongoing announcements of development work, and MEET the target dates.
Question: What are some of the upcoming milestones for KEY?
Answer:
Now that the largest blocks, the community blocks, have been mined through, we will begin establishing a presence on social media and news outlets. We will reach out to the altcoin media, and the mainstream media in the future. A website is being developed, and useful features are currently being added to the QT wallet. A new logo is underway and being tested by a hired professional focus group for it’s branding potential.
We have chosen to limit the discussion of other work related to future developments as we believe that steady growth over time is the best means of establishing longevity in this economy.
Please, do not hesitate to ask us more questions in the future, we will answer them as time permits.
We will be releasing a detailed roadmap with a clear layout of our feature development and goals, with target release dates shortly.
Stay tuned and happy trading,
The Key Team
“Security is KEY”
