[ANN] ColoredChain - Colorful Blockchain Applications Framework | PPoS | DApps - page 11.

ColoredChain

newbie

Activity: 42

Merit: 0

Quote from: iSimantri on April 10, 2016, 09:44:23 PM

why all ICO nowdays total supply always 100M coins with 13M-15M for develover Roll Eyes

It's just for defining the total amount,either 100M or 1Billion is okay.

We need support more apps,and 13~15M hold by community will be used for supporting apps of third-parties.

LovSan

hero member

Activity: 644

Merit: 500

(●´ω´●) Nil de nihilo fit

- 5k BTC
- no escrow
- are you anon?
- smells extremely fishy Undecided

BTC-BTC-BTC

legendary

Activity: 1582

Merit: 1001

www.neutroncoin.com

Be alert!

What is different between your ColoredChain and Waves ICO? You copied almost everything off them.

https://bitcointalksearch.org/topic/waves-ultimate-crypto-tokens-blockchain-platform-1387944

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Proof of work uses mining equipment, how will you do proof of work with no mining equipment?

siliconchip

full member

Activity: 123

Merit: 100

Quote from: ColoredChain on April 10, 2016, 09:47:13 PM

Quote from: siliconchip on April 10, 2016, 09:33:49 PM

ColoredChain is pretty similar to LISK,any reasons? Huh

Fully different.
Lisk used DPoS.Hmm,I would rather not named it decentralized consensus.
If you interested,you can look into what's DPoS.

Whereas,ColoredChain use Native Virtual Proof of Work but without special mining equipment.

I never trust a newie who regiested olny 2 weeks ago.

ColoredChain

newbie

Activity: 42

Merit: 0

Quote from: siliconchip on April 10, 2016, 09:33:49 PM

ColoredChain is pretty similar to LISK,any reasons? Huh

Fully different.
Lisk used DPoS.Hmm,I would rather not named it decentralized consensus.
If you interested,you can look into what's DPoS.

Whereas,ColoredChain use Native Virtual Proof of Work but without special mining equipment.

siliconchip

full member

Activity: 123

Merit: 100

Quote from: iSimantri on April 10, 2016, 09:44:23 PM

why all ICO nowdays total supply always 100M coins with 13M-15M for develover Roll Eyes

They learn from LISK. Grin

iSimantri

sr. member

Activity: 476

Merit: 250

Follow me @AlitFX

why all ICO nowdays total supply always 100M coins with 13M-15M for develover Roll Eyes

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Do not send anything to these addresses unless there is an escrow and then I would be wary. Most of this stuff is garbled and doesn't make sense.

siliconchip

full member

Activity: 123

Merit: 100

I am pretty sure this is a scamcoin,be alert!!!!!!!

siliconchip

full member

Activity: 123

Merit: 100

Name:   ColoredChain
Posts:   2
Activity:   1
Position:   Newbie
Date Registered:   March 23, 2016, 09:34:01 AM
Last Active:   Today at 02:21:04 AM

Grin

caex

hero member

Activity: 824

Merit: 512

Very similar clone Huh

sdsproject

newbie

Activity: 17

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interesting, I will follow..

siliconchip

full member

Activity: 123

Merit: 100

ColoredChain is pretty similar to LISK,any reasons? Huh

Jacques21

sr. member

Activity: 350

Merit: 250

Quote from: ICOcountdown.com on April 10, 2016, 09:23:54 PM

Will there be an escrow? Also will any code be released soon?

Doesn't look like any escrow is used.

ICOcountdown.com

hero member

Activity: 1008

Merit: 500

Will there be an escrow? Also will any code be released soon?

ColoredChain

newbie

Activity: 42

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Reserved.

ColoredChain

newbie

Activity: 42

Merit: 0

Website ♦ Blog ♦ Forum ♦ Twitter ♦ Facebook ♦ Github ♦ Support

What's ColoredChain?

ColoreChain is a fully new blockchain applications framework including many creative features and functions with powered proof of stake consensus algorithm.
With coloredchain, developers and users can create decentralized applications on their own sidechains easily through 3 level dapps deployment framework,such as colored tokens platform,custom smart contracts,name system, voting, decentralized storage,and many other dapps.
No mining,no inflation,lightweight,and it’s well suitable to run nodes on most devices with trim feature,including VPS,PC,even smartphone and raspberry pi.

Core creative features and innovations

♦Powered Proof of Stake
Coloredchain uses Powered Proof of Stake(PPoS) consensus mechanism as virtual proof of power to secure network.
Every token in coloredchain masterchain will have power to secure the p2p network like mining in bitcoin,but no need special equipments for this virtual mining process. And the power is proportional to amount of tokens.
No inflation,’miners’ can only mint for transaction fees.
Efficient,lightweight,secure,environment friendly.

♦Sidechains
Coloredchain uses masterchain and sidechains architecture to provide a more flexible,scalable platform to users and developers.
The masterchain will only manage one type transaction,coloredchain token transfer.And the tokens on masterchain will only have one function,secure the network.
All other transactions and applications will be existed on sidechains. Anyone can easily launch their own sidechains at any time.
All sidechains will have their own meta tokens.The transaction fees on sidechains will be denominated by their own meta tokens.Tokens of sidechains will not have the power/responsibility to secure network.

The transactions on sidechains can be submitted to masterchain on demand based,that is,when there are transactions needed on sidechain, these transactions will be submitted to nodes of masterchain to get confirmed.If there are no transactions,there will be no blocks created on sidechains.This can also decrease the blockchain database size, improve efficiency.
Blocks of masterchain will be generated around 30 seconds all the time.
Sidechains blocks time is also 30 seconds if continuously generated.

♦Decentralized Applications Framework
Coloredchain will provide a 3 level decentralized application deployment framework for users to develop and deploy their decentralized application on sidechains easily.
   1)   Colored Virtual Machine(CVM)
Coloredchain system will build in a virtual machine(CVM) to provide a runtime environment for decentralized applications,such as custom smart contracts, name system, voting system, decentralized storage system,message,lottery,and so on.
All these applications will run in CVM.
   2)   DApps Development Toolkit
Coloredchain will build in a decentralized applications development toolkit for developers to create application as easily as possible.
The tool kit will be modularized, can be called easily,and will also provide implementation references for most functions.
   3) DApps Install Plugin Kit
Users can easily install these decentralized applications developed by third parties through Plugin Kit ,and use these wonderful apps to launch their business.
   4)   DApps Case:Colored Token Platform
As a use case,coloredchain will deploy the first decentralized application,Colored Token Platform.Users,companies and banks can build gateways to form a global trading with any assets,such as Bitcoin,Ethereum,other crypto currencies, precious metals, shares,forex,oil,and so on.
No single point failure,totally transparent,almost real-time,fully decentralized,solid secure.

♦Trim
The Masterchain and sidechains architecture allows to trim transactions on sidechains without any potential risk.
All transactions on sidechains will be trimed periodically,and only save the hash of snapshot on blockchain.
Trim of masterchain will not happen frequently,and because of masterchain only including one type transaction as mentioned above,this will not float blockchain much.And if there is need to trim masterchain, hardfork will be a option.
Trim will decrease size of blockchain database dramatically,make it possible to run coloredchain nodes on most devices,like smartphone,raspberry pi,let alone VPS,PC.And this lightweight feature will make coloredchain suitable well for internet of things(IOT) economy space.
Another,lightweight will let run nodes on mobile device more suitably and easily,make coloredchain nodes more decentralized and network more secure.

♦Planned Feature

Multisignature - m of n signature for special transaction with custom m and n.
Mixer - a mixed pool run all time with fixed input and output for privacy.
Archived nodes bounty - incentive for nodes to back up pruned data.
Voting - Decentralized transparent voting and voting lease.
Name - Decentralized domain name system and account name.
Data stream - Date communication.
Colored tokens direct trading pair - Direct exchange between colored tokens without involving meta token.
Online Wallet – Web online wallet

ColoredChain Token Specifications

Consensus Algorithm - Powered proof of stake
Total Amount - 64,570,081,fixed.
Block Time - 30 seconds both for masterchain and sidechains
Mint - The total amount of tokens is fixed,so nodes can only collect transaction fees during process of securing network.
Fee - Transactions will have dynamic transaction fee structure,and the system will automatically recommend the transaction fees according to transaction type and speed. The fee on masterchain will be denominated by masterchain tokens. Fee on sidechains will be denominated by meta tokens of each sidechain respectively. Masterchain tokens and sidechains tokens can be converted with internal exchange at a market driven price at any time.

Whitepaper

https://coloredchain.com/doc/whitepaper.pdf
or
ColoredChain Whitepaper

ICO Token Distribution Details

Coloredchain tokens will be distributed by ICO(Initial Coin Offering) in genesis block.
All tokens(except reserved) will be distributed to participants one time at release proportional to the raised fund.The detailed plan as following:

Total amount of coloredchain tokens is 64,570,081,fixed.
• 52,947,466 (82%) for open ICO.
• 8,394,110 (13%) reserved for supporting third party DApps development and long term marketing of Foundation(Hold
   by community).
• 2,582,803(4%) reserved for partners.
   - Cloud service deployment
   - Exchanges
   - PR company
• 645,700(1%) for ICO bounty.
   - 193710 for Bitcointalk signature campaign participants.
   - 129140 for Coloredchain twitter followers.
   - 129140 for joining Coloredchain facebook group/like.
   - 193710 for local language translation and management.

ICO Timeline

Start from April 22,2016 0:00(UTC Time), end on May 23,2016 0:00(UTC Time).Last 31 days.
or
5000 BTC Raised.
Depends on which come first.

And there will be some bonus for earlier participants:
• First day,15% bonus. - April 22 0:00(UTC Time)~April 23 0:00(UTC Time)
• First week,10% bonus. - April 23 0:00(UTC Time)~April 30 0:00(UTC Time)
• Second week,5% bonus. - April 30 0:00(UTC Time)~May 7 0:00(UTC Time)
• Third week,3% bonus. - May 7 0:00(UTC Time)~May 14 0:00(UTC Time)
• Last week,no bonus. - May 14 0:00(UTC Time)~May 23 0:00(UTC Time)

How to join ICO?

For participants who send bitcoin from a fully controlled Bitcoin address:
1. Fully controlled Bitcoin address means you have or you can export the private key of it.
2. Send any amount BTC to Bitcoin address of ColoredChain ICO: 14SXQgMsRU5RV9kXB3wRJVv5LdxzZpEobT
3. Check your bitcoin sending txid is in the genesis block list.
4. After coloredchain mainnet alive,you will need the private key to receive your stakes,so take care of it.

For participants who send bitcoin directly from a exchange:
1. Send any amount BTC to Bitcoin address of ColoredChain ICO: 14SXQgMsRU5RV9kXB3wRJVv5LdxzZpEobT
2. PM me(bitcointalk.org username:ColoredChain) your bitcoin sending txid and your email address.
3. Check your bitcoin sending txid is in the genesis block list.
4. After the mainnet work alive,you will receive stakes import file by email.
5. Use 4th step file to receive your stakes.

ICO Bounty Campaign Details

Details of Bounty

Status of Bounty

1 million for ICO bounty.
   - 193710 for Bitcointalk signature campaign participants.
   - 129140 for Coloredchain twitter followers.
   - 129140 for joining Coloredchain facebook group/like.
   - 193710 for local language translation and management.

Frequently Asked Questions

FAQ on Website

FAQ on Support page

FAQ on Blog

Multi-Language Thread

Check Bitcointalk OP of Coloredchain ICO,if there are languages that are not translated into your language yet, then you can just contact us to process it.

Romanian,Moderator ltcrstrbrt.
Chinese,Moderator alicex.
QQ group number: 344549818
Indonesia,Moderator KJMZNine.
Indian,Moderator 00lakhwinder00.
German,Moderator Virtuoso.
Portuguese,Moderator neolinkhati.
Russian,Moderator r1d1.

italian claimed,coming soon.

Signature Campaign

Details of Bounty

For all members:

ColoredChain

A Colorful Blockchain Applications Framework with PPoS,Sidechain,DApps Framework,Trim...
BitcoinTalk | Blog | Website | Twitter | Facebook - Make Blockchain ecosystem more colorful !

Code:

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Topic: [ANN] ColoredChain - Colorful Blockchain Applications Framework | PPoS | DApps - page 11. (Read 13952 times)