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Author Topic: Block Chain Sharing Idea and Developer Request  (Read 782 times)
jo_black (OP)
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September 10, 2014, 01:30:52 AM
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Block Chain Sharing Idea and Developer Request
    
The proposal is to augment a standard Bitcoin API compatible altcoin block chain (e.g. something like Hirocoin) with the ability to support the processing of transactions from multiple coins distinguished by address prefix. This solution is applicable to any PoW block chain.
    
The multiple coins are distinguished by:
    
a) different address prefixes: e.g. L for Lightcoin, S for Speedcoin, M for Mediumcoin
b) independent but concurrent emissions schedule (e.g. each block may release 1 Lightcoin, 12 Speedcoin and 5 Mediumcoin units)
c) ability to send funds only to other addresses with the same prefix.
    
To achieve this, I believe the following things must be changed in the source code:
    
a) the address parsing section needs additional logic to permit only the hard-coded coins we want in the particular block chain implementation in question
b) the transaction processing section needs additional hard-coded checks to ensure that cross coin transfers are prevented
c) the PoW rewards schedule must allow inclusion of multiple independent rewards
d) P2Pool needs to be modified to allow emission of multiple different coin types on a mined block
e) the Qt wallet UI needs to be modified to allow switching between coins (multiple wallets will lead to repeated block chain download which is wasteful).
    
All code will be open sourced in November and credited to the true author(s). Additionally a choice of MIT/X11/BSD/GPL/LGPL/Apache licenses are allowed to be selected by the developer. Finally the developer retains copyright of the code and can choose to dual license it for sale at their leisure at a later date.
    
It is necessary to indicate commitment to the project within 3 days, due to the fact that the project must be in working experimental condition on testnet by 20 October 2014. Actual launch of the mainnet solution will occur in Jan 2015 so additional polish can occur over a longer period.
    
The developer is to state the pricing for their services in BTC.

Interested Parties Pls PM me Thanks.
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