Spreadcoin Project Weekly Update #214th August 2015Development UpdateJust a short update this week. This week has been a week of head down work from the devs.
Georgem has continued to work on his new coin visualisation tool. One of the challenges he is facing is how to depict such a huge volume of information in a useful and graphical way. To solve this problem, georgem is using open GL 2D acceleration so he can render the data at 60fps (with the facility to buffer and slow it down). We promised a more specific roadmap to set expectations for when service node testing would be ready for testnet however this tool is a pre-requisite for an accurate estimation of our next steps. Please be patient while this very cool tool is completed. Georgem is very excited to show you what it can do.
Chaositec is back on dry land, has an internet connection again and is restarting work on his multipool with Spreadcoin pay-outs. X11 and Scrypt testing has proved to be very successful with Sha256 still to come. Chaositec is going to resume work on the Bitcoin core update once the multipool is ready for its next beta test.
Find My Doge After much debate the dev team and community are in almost unanimous agreement that a “find SatoshiNakamoto” vantitygen competition is a great idea. In order to test the mechanics of such a competition, Coins101 is going to launch a vanitygen competition on the Dogecoin sub-Reddit with a 4 million Dogecoin prize fund for finding various Doge related Spreadcoin addresses. More details and competition rules will be posted here and on the Doge sub-Reddit when it is launched.
Other NewsThe core development team has written a proposal to replace Bitcoin coinbase mining rewards. This BIP (Bitcoin Improvement Proposal) is inspired by PoBN and how service nodes will become an overlay network to Spreadcoin and Bitcoin. This has important parallels with the application of the Spreadcoin economy.
Minerpage made a very interesting post on BCT that the number of Bitcoin Full Nodes continues to fall (8% since Q1 2015) which adds gravitas to the requirement for Spreadcoin’s PoBN (Proof of Bitcoin Node) service.
E1ghtSpace has produced a video tutorial on how to use vanitygen. Thanks E1ghSpace! You can watch it here:
http://youtu.be/tfGrQ6vgyq0