[ANN][CRW] CROWN (MN-PoS) | Platform | NFT framework | Governance | Masternodes

[stonehedge]

Apologies for the fact that we are being extremely cautious about how much information we announce.  The Crowncoin team consist of several people who have had features implemented by major crypto currencies without crediting the authors.

We're trying to strike a balance where we are as transparent as possible but minimise the risk of another project implementing our ideas before we do.  Its a tough balance to find.  This is a world of open source and information sharing but we also need to make sure we are the first to deliver what we plan so that we can make our project a success.

Ultimately this means we have to leave announcements of detailed information until we are very close to actually releasing the features.  We will of course share as much information as possible as we go.  Without doing this we wouldn't be able to build the community of coders, supporters and investors we need to make this a success.

[crowncoin_knight]

118k USD marketcap today on Crowncoin. Approaching all time high!

Apologies for the fact that we are being extremely cautious about how much information we announce.  The Crowncoin team consist of several people who have had features implemented by major crypto currencies without crediting the authors.

We're trying to strike a balance where we are as transparent as possible but minimise the risk of another project implementing our ideas before we do.  Its a tough balance to find.  This is a world of open source and information sharing but we also need to make sure we are the first to deliver what we plan so that we can make our project a success.

Ultimately this means we have to leave announcements of detailed information until we are very close to actually releasing the features.  We will of course share as much information as possible as we go.  Without doing this we wouldn't be able to build the community of coders, supporters and investors we need to make this a success.

[defunctec]

Apologies for the fact that we are being extremely cautious about how much information we announce.  The Crowncoin team consist of several people who have had features implemented by major crypto currencies without crediting the authors.

We're trying to strike a balance where we are as transparent as possible but minimise the risk of another project implementing our ideas before we do.  Its a tough balance to find.  This is a world of open source and information sharing but we also need to make sure we are the first to deliver what we plan so that we can make our project a success.

Ultimately this means we have to leave announcements of detailed information until we are very close to actually releasing the features.  We will of course share as much information as possible as we go.  Without doing this we wouldn't be able to build the community of coders, supporters and investors we need to make this a success.

Great! I look forward to the beans

[stonehedge]

Crowncoin Update 11th September 2016

Thrones/Masternodes

Crowncoin is in the process of implementing a 2nd tier service network. 10,000 CRW is required as collateral to run a Throne. Thrones receive 40% of the block reward in return for providing a platform for services. At the time of writing, there are 115 Thrones on the Crowncoin network. If you have 10,000 CRW we encourage you to set up a Throne.  The more Thrones we have in operation, the greater security our first services will have.

Crowncoin Mining

To our knowledge, Crowncoin is the only crypto currency to be sha256 mergemineable and also offer a masternode service network. In the last few weeks Crowncoin has been added to several multipools and at the time of writing our network hash rate is over 600Th.  This is an increase of 400Th over our recent average.

Upcoming New Release

We will be performing a hard fork in the near future.  The spork that we executed recently was only a 90% success due to the fact that some old versions of the wallet were not kicked from the network.  The new update will remove the last three nodes that are operating on the incorrect version as we have been unable to contact the node owners.

Apart from the version enforcement, the new update will implement Darkcoin Gravity Wave Version 3.  We decided to implement this due to the fact that a merge mineable coin requires rapid difficulty adjustments to compensate for large pools switching coins meaning that our hash rate can jump by a Petahash or more at a time. Our goal is a consistent block time.

A formal new release notification will be posted on BCT and Twitter in the next day or so.

The First Services & Next Steps

In order to implement our first services, we need to perform a Bitcoin Core update and update to the latest Dash masternode version.  This is our primary focus for now.  We would like to boost our team with more people with experience in these areas.  If interested, please contact me by PM.

In an earlier post I alluded to the fact that several of the Crowncoin team have had ideas re-used by other crypto currencies without crediting the original authors.  There are no hard feelings about this but in order to protect our own interests we have made the decision that we will only announce details of our plans shortly before we are close to releasing them. Expect these updates to take the form of a series of whitepapers and technical documents relating to milestones in our roadmap. Over time, these updates will provide the bigger picture.

In the meantime I am able to share the following information with you.

We have plans to implement two major services on our service network initially, alongside an API to allow other services to be developed.  At the moment we plan to write our own API although we are watching Dash Evolution closely to decide whether we follow their path when the code is open source.

The first service we plan to implement has been in discussion and planing stages for over a year with several members of the Crowncoin team. It relates to Bitcoin. We believe we have solved a problem and hope to be testing that solution in the coming months.

The second service we plan to implement has potential to provide functionality to all other cryptocurrencies that choose to adopt it.

The first chunks of more detailed information about these services will likely be written by me and released to the community after the Bitcoin Core update and Throne/Masternode uplift is complete. I do not want to set timescale expectations right now as we are a new team and still finding our feet a little however we will set expectations more formally as soon as we can.

Please post any questions and we will do our best to answer you.

[LucD88]

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

[defunctec]

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

I just had a quick look at the income per throne found here (1 Throne Income)
The lowest a throne is makiing is $7.50 per month or the highest is $14.50!
Somewhere in the middle $10 per throne per month... not bad!

[crowncoin_knight]

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

[stonehedge]

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

[stonehedge]

And as if to prove my point about needing to implement DGW, our net hash rate has jumped to 1.2PH!

I for one welcome our new ASIC mining overloads

[crowncoin_knight]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

[defunctec]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

Any news on the bittrex front? Didn't we send out an application?

[stonehedge]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

Any news on the bittrex front? Didn't we send out an application?

I'm not sure what is going on.  I applied to them formally a few weeks ago.  They replied saying that they would only list us if they see more activity on twitter relating to us.

Then they contacted me inviting me to share our dev plans with them (with a non disclosure agreement).

I have said no to this for the same reasons we are being a little mysterious here.  I'd rather not risk sharing details of our plans until we're ready to deliver them.

[defunctec]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

Any news on the bittrex front? Didn't we send out an application?

I'm not sure what is going on.  I applied to them formally a few weeks ago.  They replied saying that they would only list us if they see more activity on twitter relating to us.

Then they contacted me inviting me to share our dev plans with them (with a non disclosure agreement).

I have said no to this for the same reasons we are being a little mysterious here.  I'd rather not risk sharing details of our plans until we're ready to deliver them.

Exactly, C-cex is delivering a sterling service as it is anyway.

In the near future, bittrex will want to add us... regardless 

[stonehedge]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

Any news on the bittrex front? Didn't we send out an application?

I'm not sure what is going on.  I applied to them formally a few weeks ago.  They replied saying that they would only list us if they see more activity on twitter relating to us.

Then they contacted me inviting me to share our dev plans with them (with a non disclosure agreement).

I have said no to this for the same reasons we are being a little mysterious here.  I'd rather not risk sharing details of our plans until we're ready to deliver them.

Exactly, C-cex is delivering a sterling service as it is anyway.

In the near future, bittrex will want to add us... regardless 

I considered paying them 3 BTC to list us but then came to the same conclusion.  They'll add us one day.

BTW, there is somebody posting on C-Cex trollbox using Stonehedge handle.  Its not me! Although, they seem to be doing a good job spreading the word!

[Lukesb]

Crowncoin Update 11th September 2016

Great update. Looking forward to seeing more. Keep the momentum going guys 

[stonehedge]

Crowncoin Update 11th September 2016

Great update. Looking forward to seeing more. Keep the momentum going guys 

I can't believe that somebody who has been involved in crypto for so long has only just created a BCT account 

[Lukesb]

I can't believe that somebody who has been involved in crypto for so long has only just created a BCT account 

Haha, I know, I know. A most severe case of long time listener, first time caller!

[crowncoin_knight]

Bittrex could give us a further boost in interest in CRW

This coin is moving to where it belongs - The Crown of Crypto

Crowncoin Update 11th September 2016

...

Great update! Summarizes current progression and future plans just perfectly, thanks for sharing Stonehedge. According to recent market activity, it looks like the time to get cheap CRW is over real soon.

Hopefully Bittrex will list us soon.

Any news on the bittrex front? Didn't we send out an application?

I'm not sure what is going on.  I applied to them formally a few weeks ago.  They replied saying that they would only list us if they see more activity on twitter relating to us.

Then they contacted me inviting me to share our dev plans with them (with a non disclosure agreement).

I have said no to this for the same reasons we are being a little mysterious here.  I'd rather not risk sharing details of our plans until we're ready to deliver them.

Exactly, C-cex is delivering a sterling service as it is anyway.

In the near future, bittrex will want to add us... regardless 

I considered paying them 3 BTC to list us but then came to the same conclusion.  They'll add us one day.

BTW, there is somebody posting on C-Cex trollbox using Stonehedge handle.  Its not me! Although, they seem to be doing a good job spreading the word!

Similar thing happened to me on c cex, somone posting under crownknight, my nick there is crown_knight though

[CHAOSiTEC]

So here tonight we set up a little testnet to see if DGW was behaving as it should, and i can announce our implementation is working flawlessly... :-)

[stonehedge]

So here tonight we set up a little testnet to see if DGW was behaving as it should, and i can announce our implementation is working flawlessly... :-)

Great work all round.

We've had several 1 petahash pools mine crw this week and having 1 block difficulty changes is going to make things a lot more sensible.

Let's perform two or three more tests and then check out other updates and then release.