[DEAD] Coiledcoin - yet another cryptocurrency, but with OP_EVAL! - page 14.

bulanula

hero member

Activity: 518

Merit: 500

Exchange or it is useless.

When ?

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

It's not linux we should be worrying about, it's windows.

OP, if you don't provide Windows binaries, there is no point in the alt chain.

maxcarjuzaa

full member

Activity: 188

Merit: 100

Where is the client for linux? what miners can we use to mine your coin in linux?

Thank you

makomk

hero member

Activity: 686

Merit: 564

Well, looks like this is pretty much dead courtesy of a >51% attack by Luke Jr. The more interesting features should in theory be available in Bitcoin eventually - including the removal of existing legacy Bitcoin addresses if Luke Jr gets his way (he was threatening to refuse to mine transactions using them). No idea when though and I certainly won't be developing the tools to make use of them.

Since there aren't quite enough shamefully Bitcoin-cloning cryptocurrencies out there yet, I'm launching another one - Coiledcoin. It has all the features you might expect from a modern Bitcoin clone, plus a handful more:

Merged mining and OP_EVAL support from the start
No legacy addresses. Anyone and anywhere that can pay to a Coiledcoin address can pay to one that requires signatures from multiple parties to spend, such as an escrow account or a business account requiring approval from two managers. It makes no difference to the sender - all addresses use OP_EVAL and look the same. (The infrastructure to spend these is fairly poor right now though.)
Block every 2 minutes on average, difficulty adjustment of up to 100% up/50% down every 720 blocks (nominally 24 hours), ArtForz timestamp exploit fixed.
10 CLC reward per block initially, halving every 525000 blocks (nominally 2 years) until it reaches 1 CLC where it will remain forever. This is an inflationary coin, at least until you take coin loss into account.
Minimal ~~1337~~ 50 CLC premine in the genesis block
Note that internally Coiledcoin addresses and transactions are formatted differently to normal Bitcoin clones. Do not use Bitcoin tools like vanitygen or PoolServerJ's workmaker support to create new addresses or transactions, and do not import keys with pywallet either. In theory you can safely use PoolServerJ for merged mining with Coiledcoin as an aux chain, just don't turn on workmaker for the Coiledcoin aux chain - it'll look like it works but the payouts will be unspendable.
More neat stuff (instant payments, light clients, possibly wallet protection services that require confirmation of large spends, etc) coming soon once I or someone else gets around to writing it.
Not sure what the initial difficulty will be yet, most likely 16

Download it from here
Windows release
Windows installer
Linux release
Source code

Not sure if there'll be a pool available at the time of launch yet though. If not, once the difficulty rises and the block rate drops off you can use merged mining to solo mine it at the same time as mining Bitcoins on p2pool. In addition to those instructions, you need to set rpcuser, rpcpassword and server in coiledcoin.conf, run the Coiledcoin client, and when starting p2pool add "--merged-url http://127.0.0.1:8367/ --merged-userpass user:password" to the end of the p2pool command line. (Also, I'd recommend setting your RPC password to something stronger than "password" for security reasons!) Again, do not pooled mine on Coiledcoin with p2pool - it should stop you but payouts would be unspendable.

Edit: Apparently I'm not as 1337 as I thought; forgot to change the premine back from the rather smaller 50 CLC.

Topic: [DEAD] Coiledcoin - yet another cryptocurrency, but with OP_EVAL! - page 14. (Read 67993 times)