Dev there any new information?
What about the exchange of coins on new versions? What about trade?
All the latest information is being socialized on the Facebook page atm.
We are wrapping up our 5th alpha test, this one generates a primary Give* single address for the regular users wallet and not only generates to that address but also stakes and folds change back to it.
We have a few more changes to make to the core engine then we'll ask Bittrex to enable the exchange while we update the graphics in the consumer Qt wallet.
We have been contacted by a couple of other exchanges that have expressed interest in facilitating trade.
We consider this to be a secondary market -- the primary vehicle for GiveCoin is charitable giving -- we encourage non-profits and pro-social organizations to find underwriters or sponsor/donors and reward them with coins in exchange for their donations and support.
-dvd
When can we expect these changes?
See
https://www.facebook.com/projectgivecoin/For on-going updates and photo's of our progress!
Last night we started what we hope will be our final Alpha build...
The 5th test achieved it's intended goals of creating Give* primary accounts, as well as additional G* addresses on demand, the system sends change back to the primary as well as enforces a 1% minimum TXFEE that rewards the POW miners -- additional donations can of course be made via the SETTXFEE value, which will be used in the early days to invite additional stakeholders into the ecosphere.
We are now testing a 7-day holding period for POS.
One thing that we have observed is that the chain grows quickly as the POS reward blocks keep splitting transactions up which in theory could geometrically double every round. The counter-acting force to this of course is sending coins in larger batches, which will be done through donation activities of course, but we have also tested sending coins back to ourselves which appears to work.
We need to do a study/simulation to determine if and when it would be appropriate to re-consolidate coins into larger single units.
-dvd
