yeap, I've been on it..
The menu system is simple and could be improved from a technical veiwpoint, but at the moment it is very easy to understand, and it is extremely easy to add pages to it. Heres what the stats page looks like of this morning. Where we have "insert text here" I thought we could have a mining how-to, and there is enough space under the network stats for a mining calculator..
i wrote a quick blurb on the home page damn.. let me switch rigs...
What is Sexcoin ?Sexcoin (SXC) is an experimental crypto currency under development. It's open source code is derived from Bitcoin (BTC). Sexcoin allows global transactions across a decentralized peer to peer network without transaction fees for small amounts. It shares some of the same characteristics of bitcoin.
Security : Although the source code from which sexcoin is derived has been freely available since January, 2009 to the world's best hackers, the network has never been compromised. It's decentralization does not provide a single point of failure to exploit. The transactions once made are irreversible.
Anonyminity : While transactions upon the network are public, the only identifier of the transaction are the wallet addresses. New addresses can be generated from a wallet to send or receive coins making each transaction untraceable.
Why not use Bitcoins ?Because Sexcoin is tailored to a specific industry, it has fundamental advantages over Bitcoin.
Speed : The Bitcoin network processes "blocks" of data containing the records of transactions once every ten minutes. This data is then "confirmed" by the nodes six times before the transaction is validated and available to the recipient, creating a processing time of an hour. Sexcoin processes at ten times the speed of Bitcoin and processes payment within six minutes.
How can Sexcoins be used ?Portability : Wallets can not only be hosted on a customers personal computer, but also on a website's server. This allows a customer to send coins to a unique address for that user in the websites wallet. As the customer downloads items the server can subtract the value of each item from the customers balance. The customer can leave the balance with the website or withdraw the remainder to their wallet or even another wallet on a different website.
Why is portability important? The internet has proven a difficult medium for entertainment industries An abundance of pirated material is freely availible on fileshareing sites or throun peer to peer fileshareing networks. The music and gaming industries have responded by using micro transaction business models. Every time somebody downloads a song from "Itunes" or purchases an item playing "Farmville" they are participating in a microtransaction. This model allows the customer to pay for only the content that they want, making obtaining pirated material inconvienent, and in some cases more expensive, than downloading it directly from the copyright holder.
Who controls Sexcoin ? The short answer is nobody. The currency is created automatically and released to the network processing it's transactions. Every node on the network contains a record of the datablocks containing the transactions and compares them in the confirmation process, preventing double spending of currency.The base code is open source, it can "inherit" improvement from it's parent.