good coin....
but is there any conceptual difference btween blockchain based and etherum based currency?
massive differences. typical (scrypt, sha256 and derivative algos) blockchains are fine with simple currency and dedicated transactional ledgers. the ethereum-standard blockchain is less an alternative cryptocurrency than an alternative decentralized virtual computer. the distributed applications (DApps) are what make the difference. the programmability of the eth-based system is the big game changer, allowing for trustless peer to peer transactions AS WELL AS auotmated reliant applications, from decentralized exchanges, browsers, file storage and transfer, financial contracts, cloud services, etc. its essentially reinventing the internet, by removing the centralized services that act as the middleman. SOIL is essentially a currency, with an added dollop of BitTorrent, Java capabilities, and Freenet pseudonymous and uncensorable online presences.
we can provide cheaper cloud-computing services, with SOIL acting as the "fuel" to commit programmatic actions on the network on top of the blockchain. with cloud computing, youre charged a fee (often a prepaid yearly subscription) based on time, storage, data transfer and computational speed requirements. with SOIL as the fuel for these services, which is set to a minimum schedule generally, but increasable by the DApp developer to ensure prioritization of consensus within the blockchain. we use the ETH schedule of costs for "gas". each gas is worth 10 szabo... or .00010000 ETH. (or .0001 SOIL... 10000 dust) the basic cost for an execution cycle is 1 fuel, and different operations cost higher rates...
(with the architecture of SOIL, we can decrease those monthly subscription costs down to a fraction with a pay-as-you-use delivery method that, with the valuation of SOIL, is pennies on the dollar in comparison. even at a valuation of .001 BTC for example, SOIL would still wind up being 75-90% less expensive for companies to do their cloud computing on the SOIL network) microsoft's Azure service is taking the example of Ethereum and adding massive costs and centralization. they see the advantages of the EVM as well as the profits they can make for the corporation by keeping comparable rates as the other cloud service providers.
the transaction fees (the fuel) are returned to the miners, who receive the block reward for solving a block, with the tx-fees on top of that. the value appreciation of SOIL, and that of the other ETH-systematic currencies out there like EXP and SHF, is more rationally influenced by the volume and depth of transactional demands of the DApps than by currency speculation by itself. the more applications that are run on the blockchain, the more SOIL miners make from the minting process, the higher a value SOIL will appreciate to.
the Ethereum Virtual Machine that we are running SOIL on has its advantages in the fact that block sizes are not fixed, allowing for greater scalability as the network population grows, able to dynamically adjust. it doesnt require or depend upon the accumulation of massive amounts of mining power to work, its tilted instead towards self-maintenance by balancing affordable and (more) democratic mining (than scrypt and sha256, etc. based coins) and pay-per-play computational requirements. this isnt to say that miners are inconsequential to the engine works of SOIL, the more miners there are, independently and in pools, the greater the network overall security becomes, and the more complex and rich the node bearing network will be for eventual implementation of a decentralized storage protocol.
right now, as we are beginning to populate the blockchain with middleware capable of communicating with the higher logic applications that will be added, we are looking at the core protocol technologies... the building blocks and framework that other DApps will be developed and built upon. the client software (browsers, integrated DApps toolkit/wallet/block explorer/mining interface, etc) are those things that are still in the process of development for the parent-network Ethereum, and we will adjust those technologies to fit onto the SOIL platform when they become available. ancillary services (educatiotional/research/learning and support presences, wikis, forums, SOILhosted decentralized websites, etc) will become available as the technology catches up with the vision.
right now though, with those extra SOIL youve mined or bought on the cheap at bittrex, you can use that to deploy your own DApps onto the SOIL blockchain, and there... the skys the limit. check out the "state of dapps" online (
http://dapps.ethercasts.com/ ) and see whats being built right now. check out ConsenSys and the open source projects they have going. theres a lot to BUILD on the blockchain and its there that the entirety of the technology is just beginning to blossom, to be appreciated. there are tons of good tutorials out there to start you out on Solidity (JavaScript inspired) or Serpent (Python inspired) ((the more pervasively used programming languages))
me, im NOT a programmer, by ANY examination. i joke that i have troubles programming my teevee remote, but in a couple days of working with it, ive already deployed my own subcurrency onto the blockchain. im the proud owner of all one million DOBBs. theyre impractical and vanity inspired tokens, but its just a simple DApp to build to get your hands dirty. and with so many open source projects abounding, finding something you would find useful is easy enough to build, theres plenty of gambling DApps you can launch for example. just make sure theyre DOBBs friendly and ill come blow my whole token wallet there. (chuckles)