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Topic: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing - page 31. (Read 84312 times)
January 12, 2014, 08:19:50 PM
January 12, 2014, 08:16:14 PM
Seems the Ethereum forums went down which is a shame, hopefully it's temporary because we had a nice crowd there. I guess they are maybe trying to keep it fairly under wraps until the Miami conference.
And yes Ethereum is indeed mind-bogglingly awesome, FellowTraveller (author of Open Transactions) had this to say on Reddit: "The most innovative blockchain-based cryptocurrency since Bitcoin itself, and the only one that I would bother acquiring units of."
And yes Ethereum is indeed mind-bogglingly awesome, FellowTraveller (author of Open Transactions) had this to say on Reddit: "The most innovative blockchain-based cryptocurrency since Bitcoin itself, and the only one that I would bother acquiring units of."
January 12, 2014, 07:14:22 PM
i cannot understand if it will be mineable..
Yes, it is mineable. The focus of the hashing algorithm was on memory hardness, so I suspect CPU or GPU mining.
January 12, 2014, 07:06:32 PM
Interesting project. Glad you are supplying the information before an IPO. Gives you a lot of credibility
Just to make it clear, I'm not involved in the development of this project -- just forwarding the information to you guys in case you wanted to get in on the IPO. They're technically a competitor, but I don't want to look at this field as something in which we're working against each other. Rather, I see all cryptocurrency developers as working with each other to generate a financial system for the benefit of the future.
January 12, 2014, 07:04:51 PM
This is the true revolutionary second generation in cryptocurrencies. I encourage everyone to read the white paper.
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January 12, 2014, 07:01:12 PM
Interesting project. Glad you are supplying the information before an IPO. Gives you a lot of credibility
January 12, 2014, 06:51:20 PM
There was no [ANN] for this, so I figured I'd throw it up for you guys.
As with the other "2nd gens," this is not a fork but rather a complete rewrite of all the foundational code. It does however use some commonalities, for instance the C++ implementation includes usage of leveldb and boost.
http://ethereum.org/
Whitepaper
Source code repository
Forums
Features:
- Novel "memory-hard" hashing algorithm specification
- Use of GHOST blocktrees instead of a traditional blockchain for PoW data propagation
- Use of Patricia trees in block data structures
- Transactions which contain loop-enabled programmable instructions for the creation of novel derivatives and functions within the blocktree; these are deemed "contracts"
- New fees algorithm which adjusts based on several different parameters
- New difficulty adjustment algorithm
- Data in objects is encoded in recursive length prefix (RLP) notation
- Crowdfunding model
The author is Vitalik Buterin, among others.
Vitalik and co., contact me if you plan to make an official ANN here and I'll close this thread.
Please note:
This is not MC2 and I am not involved in its development, but I am closely watching this to see where it goes!
As with the other "2nd gens," this is not a fork but rather a complete rewrite of all the foundational code. It does however use some commonalities, for instance the C++ implementation includes usage of leveldb and boost.
http://ethereum.org/
Whitepaper
Source code repository
Forums
Features:
- Novel "memory-hard" hashing algorithm specification
- Use of GHOST blocktrees instead of a traditional blockchain for PoW data propagation
- Use of Patricia trees in block data structures
- Transactions which contain loop-enabled programmable instructions for the creation of novel derivatives and functions within the blocktree; these are deemed "contracts"
- New fees algorithm which adjusts based on several different parameters
- New difficulty adjustment algorithm
- Data in objects is encoded in recursive length prefix (RLP) notation
- Crowdfunding model
The author is Vitalik Buterin, among others.
Vitalik and co., contact me if you plan to make an official ANN here and I'll close this thread.
Please note:
This is not MC2 and I am not involved in its development, but I am closely watching this to see where it goes!
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