Hi all,
I've managed to get back on top of things, after doing some freelance work for a while.
Everyone is quite keen for an update on things, so here we go:
Mooncoin 0.13 release is very stable.
Total resident memory usage under 75mb (whilst syncing chain).
Time from launching Mooncoin to being ready to use, in the case of a sync'd chain, has been halved (minimum).
Standard sync time from scratch to current blockheight is 34 minutes.
Due partially to 'headers first' functionality seen in late model codebases, but mainly optimized PoW validation during synchronization.
Extensive testing with the new Dual KGW3 difficulty retargetting algorithm. Probably the best i've worked with so far, especially the BitSend timeout feature (this will gradually drop the difficulty over time if a block has not been found in x minutes).
After a lot of testing; i'm not quite happy with the new custom PoW algorithm and it will be tweaked over the next few days, to ensure that: a GPU miner is not possible, botnets do not become an issue and also to guarantee protection against double-spend attacks. Recently HTML5 suffered a 'catastrophic' doublespend at Bleutrade, and I do not wish to ever see this occur with Mooncoin.
I've also decided that Moonlite will be a plug-in module, rather than in-wallet; meaning that the 0.13 release can be done earlier, and that development can be done on each independently, rather than one holding the other up.
I'd like to see the fork to the new algo/codebase before block 1,200,000; but this is up to the community to discuss.
james
Let me take this message appart and how I see the goodies.
1. Total resident memory usage under 75mb (whilst syncing chain). -> Very important to keep memory low if you want the mobile future (
https://drive.google.com/file/d/0B7Vx1OvzrLa3Y0R0X1BZbUpicGc/view).
2. Time from launching Mooncoin to being ready to use, in the case of a sync'd chain, has been halved (minimum). -> UX (user experience) will just get better. (
http://www.information-age.com/business-user-experience-how-good-ux-directly-impacts-company-performance-123460956/)
3. Standard sync time from scratch to current blockheight is 34 minutes. -> Do I even have to explain? Some people drink coffee longer.
4.
Extensive testing with the new Dual KGW3 difficulty retargetting algorithm. Probably the best i've worked with so far, especially the BitSend timeout feature (this will gradually drop the difficulty over time if a block has not been found in x minutes). -> mining is at the core of coins. Changes in difficulty must be dynamic, adaptive and responsive. Every upgrade in this direction brings stability to mining community.
5. After a lot of testing; i'm not quite happy with the new custom PoW algorithm and it will be tweaked over the next few days, to ensure that: a GPU miner is not possible, botnets do not become an issue and also to guarantee protection against double-spend attacks. -> just scroll to my upper post why testing is important and why it takes time.
6. Recently HTML5 suffered a 'catastrophic' doublespend at Bleutrade, and I do not wish to ever see this occur with Mooncoin. -> HTML5 is rising like a phoenix from ashes on multiple exchanges right now. Even though they had the "near dead" experience. Why? Because they have a bright future in technology. Now, Moon didn't have a "near dead" experiance. More, we have a dev who is dedicating itself to never let that happen on his watch. And moon has (and it will have) a tone of technology to offer (
http://ftreporter.com/cryptocurrency-news-the-future-of-mooncoin/). So even more chance to be glorious coin it deserves to be.
7. I've also decided that Moonlite will be a plug-in module, rather than in-wallet; meaning that the 0.13 release can be done earlier, and that development can be done on each independently, rather than one holding the other up. -> 0.13 release comes soon. Moonlite will take longer. But I for one can wait for good things.
8.
I'd like to see the fork to the new algo/codebase before block 1,200,000; but this is up to the community to discuss. -> Lets discuss.
See the bigger picture of what good is here and what is yet to come. Don't be panicked by few small dumps of 1 or 2 BTC's on exchanges.
Moon had a 600+ BTC daily volume few weeks ago on bleutrade (
https://bleutrade.com/exchange/MOON/BTC). If asian exchanges become reality, this can be a (sub)hourly volume.