Topic: A cryptocurrency where miners arent required and the blockchain gets smaller (Read 679 times)

Edited the first post with a quick layout of how the system would work

Yeah we need some features at least

And the specifics of the idea. . . . . . . .

Hello, I had an idea on how to make a cryptocurrency where miners are required and the blockchain can in theory actully get smaller. At the moment I am working on programming it by myself. I think the prefered lanague would be C# or C++. I know a little C# but not enough to make it by myself. so i would like to get a few people to help me work on the idea and program it.Please contact me if your interested in helping out thanks

well here is a quick little info layout i did to kinda explain how most of the stuff would work.
1 Transaction per 10 seconds
All transactions timestamped

Miners- miners are not required but they simply compress the blockchain
Accecpted compressions are rewarded with money
I sent to bob
Bob sends to jane
jane sends to jim
jim sends to mark
mark pays Me

5 transactions compressed = .5 coin
All compressions must no have happened with in the last 50 transactions

Transactions
Request- Requests the current time
Timestamped-timestamp info gathered by asking 51% of the network( of all the money made) or x

Random address to confirm it + IP address
Confirm-sends directly to IP saying prove you own this address
Relay- Relays message saying your transaction + timestamp
Verification-which ever trasnaction is earlier then ask 51% if it happened

All info relayed is signed by the address