[DGC] Digitalcoin Foundation Announces Upcoming DGC 3.0 Improvements

Willisius

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I'm really quite sane!

Quote from: cosmoo on September 15, 2014, 11:20:16 PM

Quote from: Willisius on September 15, 2014, 07:43:19 PM

For improved blockchain data storage and reworking of PrivKey/Wallet Import & Export: What exactly do those entail? Are they just upstream changes being merged into DGC?

Data storage is nothing new, it's actually a function in BTC. The plan with DGC is to use it as a timestamping service, so basically only storing a hash within the chain to prove a certain document existed at that point in time (there's a whole business around this), we're still debating how to go about this, if you have any ideas feel free to chime in on IRC.

I'm not sure what the privkey/wallet import is but we've been wanting a simple GUI button to import wallets for a while, instead of typing --importprivkey in the console. I'm not sure though.

I don't really know what you mean by upstream, but we're trying to keep hard forks at a minimum.

Thanks. By upstream, I mean the code DGC was forked from.

cosmoo

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Quote from: Willisius on September 15, 2014, 07:43:19 PM

For improved blockchain data storage and reworking of PrivKey/Wallet Import & Export: What exactly do those entail? Are they just upstream changes being merged into DGC?

Data storage is nothing new, it's actually a function in BTC. The plan with DGC is to use it as a timestamping service, so basically only storing a hash within the chain to prove a certain document existed at that point in time (there's a whole business around this), we're still debating how to go about this, if you have any ideas feel free to chime in on IRC.

I'm not sure what the privkey/wallet import is but we've been wanting a simple GUI button to import wallets for a while, instead of typing --importprivkey in the console. I'm not sure though.

I don't really know what you mean by upstream, but we're trying to keep hard forks at a minimum.

Willisius

sr. member

Activity: 364

Merit: 250

I'm really quite sane!

Quote from: kenel on September 15, 2014, 09:29:46 AM

...
- A move from Scrypt-only to Multi-Algorithm including: Scrypt, SHA256, x11
- Improved blockchain data storage
- Increased pricing stability through reward changes
- Reworking of PrivKey/Wallet Import & Export
...

For improved blockchain data storage and reworking of PrivKey/Wallet Import & Export: What exactly do those entail? Are they just upstream changes being merged into DGC?

kenel

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Activity: 578

Merit: 250

Quote from: HI-TEC99 on September 15, 2014, 05:53:16 PM

Are you doing a coin swap to the new 3.0 coin?

Won't be necessary. All coins currently held will carry over without fault.

cosmoo

hero member

Activity: 729

Merit: 502

Quote from: HI-TEC99 on September 15, 2014, 05:53:16 PM

Are you doing a coin swap to the new 3.0 coin?

We're pretty much following after Digibyte's success in turning multi-algo (props to DGB dev for paving the way). Whatever coins you have now will carry over.

HI-TEC99

legendary

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Are you doing a coin swap to the new 3.0 coin?

cosmoo

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Merit: 502

Quote from: chrismaster on September 15, 2014, 03:44:57 PM

why should I mine digitalcoin and not Litecoin or dogecoin?

It's a matter of preference. Personally i think litecoin is a little slow, just bitcoin by 1/4th? not really interesting imo, it's only where it is due to being early in on the scene. Doge's price gets thrashed around and is a plaything for whales, not really useful for anything other than speculative daytrading.

I like DGC because it's always been treated like an open-source project. Its ecosystem isn't completely wrecked and the original developer did a great job ensuring network integrity, it's also starting to attract other developers who're interested in keeping it viable long term. The way the economy currently is the value is set to rise in proportion to the amount of community interest vested in it. Compare these two pie graphs:

https://chainz.cryptoid.info/vrc/#!rich
https://chainz.cryptoid.info/dgc/#!rich

You'll see DGC is far more distributed than VRC or other PoS (piece of shit) coins. It's at a level where it can be taken seriously, an ideal digital coin don't you think? :p it should also be mentioned that there was no premine or instamine, the bagholders behind DGC had to either mine or buy them on market.

For the record the alts I'm comfortable holding long term are BTC, PPC, DGC, and MYR. There some other notable alts (and a lot of crap ones) but these four have the most potential for success imo.

chrismaster

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why should I mine digitalcoin and not Litecoin or dogecoin?

kenel

sr. member

Activity: 578

Merit: 250

One thing I did forget to mention is that we've also come up with an improved difficulty adjustment which should stabilize block times significantly.

kenel

sr. member

Activity: 578

Merit: 250

To clarify also, as I've received questions on this; a fork will be required.

kenel

sr. member

Activity: 578

Merit: 250

Currently under testing by Digitalcoin Foundation Members are new features/upgrades/improvements to Digitalcoin [DGC v3.0].

This upgrade will include:

- A move from Scrypt-only to Multi-Algorithm including: Scrypt, SHA256, x11
- Improved blockchain data storage
- Increased pricing stability through reward changes
- Reworking of PrivKey/Wallet Import & Export

Once testing is completed within the Foundation, DGC v3.0 should be ready for release within the next few weeks.

Questions, comments, concerns are all welcome.

Topic: [DGC] Digitalcoin Foundation Announces Upcoming DGC 3.0 Improvements (Read 1040 times)