That is sad. Maybe we can try to reach some exchanges in this time, but firstly we need to have a working desktop, android wallet and some new informations.
wr104: Please is it possible to launch servers again?
Thank you.
Hey guy,
It's been a while. I'm debating the idea or re-launching the Kryptohash Coin. What do you guys think?
However, keep in mind that re-launching KHC in practice means the Blockchain will restart from Genesis. Also, I would like take the opportunity to address some of the known issues that the coin had during it's original 18 months run and, make some improvements as well. These are:
a) No more PID algorithm to calculate the Network Difficulty: This Diff algo was the cause of all the Forks we had. I would like to use the simplest Diff algo out there which is the one found in Bitcoin Core. This algo does have some issues and a lot of detractors but, IMO it works fine for coins that have long re-target periods and most importantly, it meets the KISS principle (Keep It Simple Stupid).
b) The Block time will be 6 minutes and the Difficulty re-target will be every 1200 blocks (~5 days).
c) The total number of KHC to be mined will be 20,997,436.32 (or 20,997,436,320,000 kryptohash-toshis). Satoshi-wise, KHC will be 100 times less inflationary than Bitcoin Core. Also, the Subsidy will end once the amount drops below 1 Cent.
/*
* The total number of Kryptohash Coins to be mined is 20,997,436.32 (or 20,997,436,320,000 kryptohash-toshis)
*/
int64_t GetBlockSubsidy(int64_t nHeight, const int64_t nFees)
{
int halvings = nHeight / Params().Subsidy();
// Force block reward to zero when right shift is undefined.
if (halvings >= 64)
return nFees;
int64_t nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks which will occur approximately every 2 years.
nSubsidy >>= halvings;
// Subsidy ends once the amount drops below one Cent.
if (nSubsidy < CENT)
nSubsidy = 0;
return nSubsidy + nFees;
}
d) No Pre-mine, no ICO, no BS. I want to coin to grow by acceptance, the same way the old BTC, LTC, etc did it.
e) No more restrictions to mine empty blocks (a.k.a. Selfish Mining): Miners always complained about the 'Waiting for Work' message when there were no Transactions in the Network and, it also caused cgminer to hang.
f) No more mandatory fee per transaction. Let the market decide the fee amount.
g) The PoW algorithm will continue to be KSHAKE320 and Signatures will continue to use Ed25519. They've proven to work great.
h) The Block limit will be 10Mb (10 times the current limit found in Bitcoin core).
i) I will continue working on developing the original idea that Kryptohash would handle multiple blockchains via Region codes. I'll provide further details once I get the prototype running on the TestNet.
