I'm hoping to leverage the combined knowledge of the brains who frequent this section to help me concentrate my research efforts in the right places.
For about four months now, I've been working on a codebase for a cryptoservices-focused altcoin. The codebase is a hybrid of the Litecoin 0.8.6.2 client, namecoin and concepts borrowed from datacoin, as well as a few of my own revelations (like realizing I could use the data storage functionality I got from datacoin and bitcoin's serialization functions in order to store the more complex data structures I needed to implement my desired features).
The result is a coin which is:
- Uses Scrypt POW
- Is Universally merge-mineable with any Scrypt coin
- Implements all of Namecoin's functionality
- Implements the registration of name-value data (like namecoin) but with data up to 256k
- Implements digital certificate issuance and transfer
- Implements basic marketplace services
( btw there's a pre-ann for the coin here, but I warn you there's more marketing language there as well as the usual loitering riff-raff:
https://bitcointalksearch.org/topic/ann-syscoin-business-on-the-blockchain-launched-587080 )
My goal for this project was to create a Scrypt Pow-based altcoin which implements a set of simple but powerful distributed services which are essential for creating distributed digital economies.. I believe their existence and evolution are critical to Bitcoin's adoptence. My strategy for maximising distribution and network security was making it universally merge-mineable with any altcoin (incidentally our biggest bounty is forking mpos to enable merge mining support.. just fyi..). This leverages potentially all Scrypt hashing power without diverting it from other coins, puts the coins into the hands of miners proactively, and incentivizes pool operators towards adoption. Also, the coin regenerates coin service fees - rather than destroying them like namecoin - and redistributes them to miners.
All fine and good, but my last point brings me to my current exploration - price discovery and setting for service fees for network transactions. My fundamental question - how does a blockchain-based distributed network best discover, determine, and adjust network fees for its services? I've spent enough time on Google searching to realize my search parameters would be best processed by subject matter experts rather than machines, and come up with enough possibilities using fee adjustments based on transaction size and network service demand that I feel justified in asking for help. I've already got some possible implementations for all this, but I feel like I don't know enough to feel comfortable launching the coin until I get some feedback
Where do I look? What do I search for? Any posts here relating to this? Do you know anything about this? Can you help point me in the right direction? Any help at all would be appreciated.
