Altcoin ideas: Renaissance coin | Bitcointalksearch.org

Baldassare

member

Activity: 67

Merit: 10

By nonempty wallets I meant nonempty addresses. I'll change that in the original post.
Stochastic hashing involves a stochastic hash function. Relatively fast to compute (but not instantaneous), returns a random hash from a certain distribution supported on a bounded interval. Given two non-identical hashes, it is still possible to verify whether they came from the same key. It can be useful for a cryptocurrency, will write a more detailed post when I'm ready to discuss it

pand70

sr. member

Activity: 476

Merit: 250

Quote from: Baldassare on December 14, 2013, 03:35:20 AM

Renaissance coin combines the best classical features inherited from bitcoin with modern, completely re-thought ideas. If something is not broken - we leave it as is. For example the deflationary nature of bitcoin works perfectly fine. On the other hand, new features like encrypted blockchain, stochastic hashing, blockchain that scales as the number of nonempty wallets increases (as opposed to one that scales with the number of transactions), and other innovations will soon become necessary. We are still in the process of choosing the features to be included. The client will be written from scratch.
What new features would you like to see in an altcoin?

P.S. Renaissance coin is a placeholder name

Care to explain that stochastic hashing? Also what do you mean by non empty wallets?

Baldassare

member

Activity: 67

Merit: 10

Renaissance coin combines the best classical features inherited from bitcoin with modern, completely re-thought ideas. If something is not broken - we leave it as is. For example the deflationary nature of bitcoin works perfectly fine. On the other hand, new features like encrypted blockchain, stochastic hashing, blockchain that scales as the number of nonempty addresses increases (as opposed to one that scales with the number of transactions), and other innovations will soon become necessary. We are still in the process of choosing the features to be included. The client will be written from scratch.
What new features would you like to see in an altcoin?

P.S. Renaissance coin is a placeholder name

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