Topic: [ANN][PYCH]PyChain - Python based PoW/PoS payment system [now without fork] - page 2. (Read 991 times)
November 11, 2018, 04:56:03 PM
Where can i find Roadmap or white paper?I did not see
November 11, 2018, 02:14:07 PM
Do you need translation
October 25, 2018, 01:36:27 AM
Don't trust! He is a scammer!!! This dev wanted to overtake another coin and he scammed the dev team!!!
He is without money and he will make money with this presale!
Daniel his name from Paderborn in Germany.
Even for this project he have no money to list it on a exchange. You will loose every cent when you will invest here!
October 02, 2018, 11:37:24 AM
reserved
October 02, 2018, 06:10:37 AM
October 01, 2018, 03:23:21 PM
discord link broken.
October 01, 2018, 02:18:33 PM
@ruplikminer
Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.
Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.
is your coin made from scratch?
Not entirely. Some major components are forked from Bismuth.
My goal is to alter this code and expand it with my own to fit our use case and write decent documentation (because that's what bugged me the most when I tried to understand Bitcoin, Dash and similar coins).
October 01, 2018, 06:13:29 AM
@ruplikminer
Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.
Yes, the coin will be ASIC resistant. First there will be only a CPU miner. A AMD and NVIDIA miner will be released later.
September 30, 2018, 06:36:31 PM
How to mine? is it ASICS resistant? GPU? CPU?
September 30, 2018, 12:29:51 PM
- What is PyChain?
PyChain is a Python-based Blockchain and is meant to provide two things:
-An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
-An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.
This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)
- Technical Summary
- System: PoW until reference implementation for PoS is tested and ready to use
- Hashing algorithm: SHA224
- Signing algorithm: PKCS1_v1_5
- Transaction size: to be announced
- Mining reward: to be announced
- Difficulty: dynamically controlled
- Difficulty retarget: each block
- PoW rewards: 50,000,000 in total
- PoS rewards: to be announced
- Smallest unit: 0.00000001, similar to a Satoshi in Bitcoin
- Efficiency and readability optimized
- Asymmetric message and data encryption
- What purpose does PyChain have?
As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
MacOS, Android, iOS are planned. - Exchanges?
Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.
To do this, we will provide full transparency on all transactions of our funds:
You, as an investor, can see how much we spend and for what.
As we need funds for exchange listings, we will have to do a fundraise:
Every 500 Satoshi nets you 1 PYCH.
=> 1 BTC = 200000 PYCH
This "presale" is limited to 10*200000= 2 Million PYCH, because this should be enough to list PYCH on exchanges such as Cryptobridge and Cryptopia.
To participate in this presale, please proceed as following:- 1. Send me a message, either via Telegram, Discord or Bitcointalk PM, before you send BTC. This way, I can confirm a certain transaction is from you.
- 2. Send the corresponding amount of BTC to: 3GszLsAmQiEs1GrDMx7NALHgaKwqvh1kYP .
In case you're somehow concerned about that, please don't hesitate to communicate. I will answer as soon as possible via all communication channels listed below. - 3. As soon as the wallet is up and live, download it from the official github (listed below, links will be posted here too), send me your address and I'll send you the amount of PYCH you bought.
- Any questions or concerns? Get in touch!
- Website: Pychain.io (under construction until 2nd of October 2018
- Discord: https://discord.gg/jCFjpp
- Telegram:https://t.me/joinchat/DWUX60UhH9I13Pfq1VK8tg
- Github: Release on 3rd of November 2018, 12:00 GMT
For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
[email protected] or on any other of our communication channels.
TIMELINE:
- 24.06.2018 - Development began
- 30.09.2018 - Bitcointalk ANN Thread
- 31.10.2018 - End of presale, release of stable Wallet V1
- November 2018 - Implementation Bitcoin-like RPC API and exchange listings
you have little information to attract investors, for example, what are your personal interests? pre-mined?
There is no premine and there will be no premine. The first 2 Million PYCH will be generated and sold in the presale. Anything leftover from the presale will be burned.
We will profit from this coin when merchant payment gateways will be implemented, because we will take a small fee (0.1%) of each merchant transaction.
September 30, 2018, 12:07:12 PM
- What is PyChain?
PyChain is a Python-based Blockchain and is meant to provide two things:
-An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
-An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.
This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)
- Technical Summary
- System: PoW until reference implementation for PoS is tested and ready to use
- Hashing algorithm: SHA224
- Signing algorithm: PKCS1_v1_5
- Transaction size: to be announced
- Mining reward: to be announced
- Difficulty: dynamically controlled
- Difficulty retarget: each block
- PoW rewards: 50,000,000 in total
- PoS rewards: to be announced
- Smallest unit: 0.00000001, similar to a Satoshi in Bitcoin
- Efficiency and readability optimized
- Asymmetric message and data encryption
- What purpose does PyChain have?
As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
MacOS, Android, iOS are planned. - Exchanges?
Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.
To do this, we will provide full transparency on all transactions of our funds:
You, as an investor, can see how much we spend and for what.
As we need funds for exchange listings, we will have to do a fundraise:
Every 500 Satoshi nets you 1 PYCH.
=> 1 BTC = 200000 PYCH
This "presale" is limited to 10*200000= 2 Million PYCH, because this should be enough to list PYCH on exchanges such as Cryptobridge and Cryptopia.
To participate in this presale, please proceed as following:- 1. Send me a message, either via Telegram, Discord or Bitcointalk PM, before you send BTC. This way, I can confirm a certain transaction is from you.
- 2. Send the corresponding amount of BTC to: 3GszLsAmQiEs1GrDMx7NALHgaKwqvh1kYP .
In case you're somehow concerned about that, please don't hesitate to communicate. I will answer as soon as possible via all communication channels listed below. - 3. As soon as the wallet is up and live, download it from the official github (listed below, links will be posted here too), send me your address and I'll send you the amount of PYCH you bought.
- Any questions or concerns? Get in touch!
- Website: Pychain.io (under construction until 2nd of October 2018
- Discord: https://discord.gg/jCFjpp
- Telegram:https://t.me/joinchat/DWUX60UhH9I13Pfq1VK8tg
- Github: Release on 3rd of November 2018, 12:00 GMT
For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
[email protected] or on any other of our communication channels.
TIMELINE:
- 24.06.2018 - Development began
- 30.09.2018 - Bitcointalk ANN Thread
- 31.10.2018 - End of presale, release of stable Wallet V1
- November 2018 - Implementation Bitcoin-like RPC API and exchange listings
you have little information to attract investors, for example, what are your personal interests? pre-mined?
September 30, 2018, 11:26:41 AM
reserved
September 30, 2018, 10:32:58 AM
- What is PyChain?
PyChain is a Python-based Blockchain and is meant to provide two things:
-An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
-An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.
This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)
- Technical Summary
- System: PoW until reference implementation for PoS is tested and ready to use
- Hashing algorithm: Keccak384 (SHA3)
- Signing algorithm: to be decided
- Transaction size: to be announced
- Mining reward: to be announced
- Difficulty: dynamically controlled using Kimoto Gravity Wave
- Difficulty retarget: each block
- PoW rewards: 50,000,000 in total
- PoS rewards: to be announced
- Smallest unit: 0.00000001, similar to a Satoshi in Bitcoin
- Efficiency and readability optimized
- Asymmetric message and data encryption
- What purpose does PyChain have?
As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
MacOS, Android, iOS are planned. - Exchanges?
Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings. - Any questions or concerns? Get in touch!
For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
[email protected] or on any other of our communication channels.
TIMELINE:
- 24.06.2018 - Development began
- 30.09.2018 - Bitcointalk ANN Thread
- 3.10.2018 - Delay of Github release due to a flaw
- 11.10.2018 - Release of Github, further announcements
- November 2018 - Implementation Bitcoin-like RPC API and exchange listings
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