The Dev team has submitted the below press release to several Bitcoin and Altcoin news related sites, we would like to ask the community to share it further within any possible own channels. Thank youCROWN REVOLUTION Press ReleaseWhat is Crown?Crown.tech is a cryptographically secured, open application platform which is being built on top of the innovations introduced by the Bitcoin and Dash developers. Originally inspired by the universal symbol of the Crown and launched in a fair process in 2014, the project has expanded into a global team with an interest in building off of a coin with an existing and fair distribution rather than engaging in the questionable process of an ICO.
The Crown dev team recently updated its code to Bitcoin 0.10 and Dash 0.12, and released a series of papers, the Crown Papers. The updated code updates the capabilities of the existing core, and offers the desired launching point for the planned work which is broadly outlined in the papers. The Crown Papers are an outline of the team’s intent and perspectives, and an invitation to others of like mind to take a look at the project and join in our efforts if they like.
Blockchain 2.0Blockchain, blockchain, blockchain. It all feels like we are in the Wizard of Oz and if we just tap our heels together and say it three times then magic will happen. This seems to be the belief in boardrooms from the Fortune 500 to Sand Hill Road. But it’s really just that to those who haven’t really thought about it, or don’t understand – any advanced technology looks like magic. And what the crypto-currencies fundamentally are is just an underutilized tarball of extraordinary technologies.
As one blogs a team member reads, put it:
“Science: Because the answer never turned out to be magic. Ever.”
The science involved in crypto-currencies is an open public key infrastructure, a distributed database, a reward system, peer to peer networking, secure hashing and other elements. All built off of an open source code base. These distributed systems have the potential to solve an extraordinary range of problems – kind of like the general purpose computer or the early internet.
Crown is clone of Bitcoin and Dash, combining the strength of the Bitcoin network with the Dash masternodes model. This progressive crypto combination is the baseline for the next step for the Crown dev team towards Blockchain 2.0 (blockchain, blockchain, blockchain).
The final product of Crown’s development effort will be a tarball of software innovations applying the capabilities of secure hashing, a public key infrastructure, peer to peer networking, encryption/decryption, distributed databases, distributed consensus protocols, cloud computing, open source, git -- you get the idea. The same pieces as the existing systems – just arranged in a slightly different way.
The Crown project challenges the current paradigm, and instead envisions an alternative approach to attaining the holy grail of Blockchain. The holy grail is product of great usefulness that achieves long term and wide spread adoption by providing valuable services and network security through a cryptographically secure and environmentally sustainable method.
There is a collective belief within the Crown team that Blockchain technology current sits in a position similar to the internet in the 1990s; with great potential but missing the innovations required to make it truly useful. As we learn from the continuing evolution of the Internet, these innovations come in incremental steps.
Crown papersThe Crown Papers briefly introduce what the team is thinking and our goals for the project. An outline of the papers follows:
Crown Paper 1.0 – Governance
In this paper the Crown team provides a brief background to the project and introduces governance concepts and outlines how the project will interact with both the technology and the community.
http://crown.tech/media/whitepapers/CRW1.0-Governance-1.pdfCrown Paper 2.0 – Introduction & Features
In this paper the Crown team introduces the key entities that will form Crown and the design principles that will be used along the development process.
http://crown.tech/media/whitepapers/CRW2.0-Introduction-Features.pdfCrown Paper 3.0 – Applications
In this paper the Crown team describes the vision for how applications will fit into Crown and how the platform will allow those applications will be enabled to operate as a business entity.
http://crown.tech/media/whitepapers/CRW3.0-Applications.pdfCrown Paper 4.0 - Combinations & Permutations
In this paper the Crown team explains what makes the project unique and details some of the proposed use models for the platform.
http://crown.tech/media/whitepapers/CRW4.0-Combinations.pdfCrown Paper 5.0 - Symbols, Skyhooks & Survival
In this paper the Crown team muses about what it will take for the project to survive in the current ecosystem and the importance of a shared imagination.
http://crown.tech/media/whitepapers/CRW5.0-Symbols.pdfCrown Paper 6.0 – Sharing & Open Teams
In this paper the Crown team contextualises the relationship between economic, social and technological change and what this means for technology such as Blockchain. This paper also describes the evolution of the Crown team and project and its immediate aims for the future.
http://crown.tech/media/whitepapers/CRW6.0-Team.pdfContactwww.crown.techcrowncoindev@gmail.comThe release was submitted to the following sites:
1. Coindesk
2. Cryptocoinnews
3. Cointelegraph
4. Newsbitcoin
5. NewsBTC
6. TheBitcoinNews
7. Coinjournal
8. Cryptolife
9. Cryptosource
10. Bitcoinist
11. Digital money times
