Topic: Neutron - Unique Crypto of Future Generation - 10,000,000 total supply - page 4. (Read 11365 times)

Don't know... i like it!

Written from scratch in Java by forking the NXT source lolz

waste time.

pass

Looks interesting, but why closed source? Why not release early, often and with source?
It wouldalso be interesting to publish technical details on your website.

I ll keep an eye on the project!

Thanks everyone for the warm reception. All the webpages have been updated accordingly to the new changes in share holding. Also, keep in mind that we will be unable to follow this thread 100% of the time, because we are undergoing hardware upgrades. Also one of our developers crashed the network during a test today, so that leaves us with alternating online/offline connections. Very frustrating at the moment.

Perspective -> 0

Good luck

another java altcoin

yet another visacoin-style BTC collection scam

it is getting more than boring

Sent 150 DOGEs.

I don't see how a transaction time of 2min is good?

Credit card and a lot of Altcoin have a better confirmation time.

Interesting!

LOL it could be an interesting idea, an experiment, but without opensource code you have no credibility.
Until then, you are just asking for money

+1

ok so it is not a 100 % pre-mined coin, because the coin is not mined ok 

I wanna be in on this pyramid scheme, please take my BTC upfront 

Seems interesting. Reserved

reserved, i like wallet client on pic, good luck

Received so far: 2.41794378 BTC

Donations are accepted until 1st March 2014 (50 more days of IPO)

6-Jan-2014 update: NEU coin Documentation uploaded (White Paper) Google Drive mediafire
7-Jan-2014 update plan: (part of the code will be made available for the interested tech guys)
                                  NEU coin giveaway time will be announced 3 hours in advance

What is Neutron?                                                                                        

A completely different coin in itself. It is not an altcoin based on someone else's work. We have written the code from scratch, and we have been working on it for the past 5 months. The code is written in Java, is closed-source, and we plan on releasing it 6 months after the official launch of the coin. Our team is composed currently of 3 developers, 1 webmaster (also responsible with advertising) 1 hardware maintenance technician and 1 coffee girl.

There will be a total supply of 10,000,000 NEU contained in 200,000 blocks which concludes for 50 NEU/block

We chose the Java programming language mainly because we could not achieve what we wanted to, if we just made another copy of the SHA-256 or SCRYPT altcoins. Plus, Neutron does not need to be mined, as the Genesis Block which is 10,000,000 coins will be released on 1 March 2014, so SHA-256 or SCRYPT does not help us in any matter whatsoever. You may say that this coin is pre-mined, but you would be wrong because there is no mining done here, just a distribution of coins, the price of which we cannot control.

Any feature currently announced can disappear in a whim, while many more can appear overnight, due to the volatility of a coin's management and creation phase. For instance, while we currently have finished working on the "Hide me" feature, we cannot guarantee that it will stay forever in the system. "Hide me" completely hides the user's address, recent transactions, his client reputation and his wallet's node relay (every node is responsible for maintaining 2250 wallets and is identified with 6 digits after the identifier as "{A4:Yy|D2:Yy|G1:Yy|i:Yy}-XXXXXX" where X is a variable determined by the node's location (wallets are hidden by default, nodes are not, think of them as inspectors) and Y is the quality of the wallet based on past activity, with the identifier ranging from the weakest "G" to the super "i")



Why use Neutron?

Because we need a unique currency with completely different concepts that back it up. In our case, the Neutron features near-instant transaction speeds (91.037 sec. for confirmation time, 1-5 sec. to coin acknowledging time) 100% Proof of Death system (51% of the transaction's time is used to make sure that the coins are destroyed), a self-repairing complex algorithm (for instance, your damaged wallet can repair itself by comparing it's code with the ones from the network, same with coins from bad transactions), a client-job jumping system (which assures that no action is returned as a loop just because a selected client isn't responding properly) and many more.

Can you imagine the benefits alone that a quick transaction brings? The power to buy anything in under 2 minutes, anywhere, anytime. No 1 hour-long transactions, no paper money, no credit cards, no banks, no eyes to spy on your economical activity. Now you can achieve complete anonymity with a dash of speed.


Neutron Abbreviations

Main coin measure                  1 Neutron = 1 NEU
Secondary coin measure          1 Neutrino = 1 NIN = 0.001 NEU


Neutron features:

1. 10 million coins
2. Written in Java
3. Uniquely created code from start to finish
4. No mining needed
5. Superior autonomous system
6. Near instant transactions
7. Decentralized exchange system (ToBeImplemented, possibly soon-ish after launch)
8. A client ban/appeal system


Resources:

Website neutrons.us
Blockchain block.neutrons.us (live on coin launch)
Community forums.neutrons.us (no personnel to handle it at the moment)
Wallet Cache Example wcache1038.neutrons.us
Shareholders Pie Chart neutrons.us/shareholders


Initial funding

This post marks the Genesis period which will last from this moment until 1st March 2014 when further funding will be refused, coins and wallets will be released, the blockchain will go live, and the project as a whole will be launched. We will release the source-code 6 months after.


How does the funding work

Quite differently from what you were used to so far. Let's say that the 1st founder donated 0,1 BTC. That means that as of this moment he owns 100% of the coins to be released. Then another person decides to be a founder and he donates 0,3 BTC. Now the 1st founder has 25% of the shares, and the 2nd Founder 75% of the shares and so on. This is being done so that everyone has a chance to be a Neutron founder/holder (power-shifting principle) as it is not based on some first come first served basis. Thusly it allows the spreading to be more legitimate, price efficient, and not be centered around one powerful individual or a couple of them, which ultimately decide the coin's fate on the market. The shares owned by anyone during this funding period will be updated every 8 hours.

At the end of the IPO period, NEU coins will be released to the founders according to the Shareholders Chart (you get a number of Neutrons depending on the percentage of shares that you own) For instance, if you own a share of 31% you will receive 3,100,000 NEU.

The share-holding chart can be viewed live here http://neutrons.us/shareholders

NEU will use an unique transactional algorithm, which surpasses any current cryptocoin's speed of transaction. During our initial testing phase, we achieved a staggering speed of 91.037 sec between the sender's sending command and the actual confirmation of the coins at the targeted address (coins are acknowledged in 1-5 sec. tops, we did not emphasize on that, because we thought people would immediately assume it). This is possible due to the unique and un-exploitable confirmation feature of NEU which works like this:


Simply put, in a transaction, the sending person's coins are destroyed and created at the receiving person's address, for a fee of 0.01%
Transactions are marked as COMPLETE after they have been reviewed by a total 47 NEU clients (transaction time varies)
Transactions are marked as INCOMPLETE in certain special cases.


Main client (Work in Progress):



Features of the main client (Work in Progress):
- Inbuilt decentralized currency exchange
- NEU trading
- Messaging
- Completed transactions live panel (NEU-BTC, NEU-NEU, WIP on other currencies basic sending/receiving)
- Bulk addresses creation/destruction
- More to come

Where we are

Current wallet state: IN DEVELOPMENT
Current coin state: IN DEVELOPMENT
Current coin design state: DONE
Current blockchain state: IN DEVELOPMENT
Current website state: LAUNCHED
Current forum state: IN DEVELOPMENT
Current pie-chart state: LIVE
Current support state: LIVE
Current Android and iOS wallets state: IN DEVELOPMENT
Current code state: CLOSED

How to be a part of the future

First of all, take a look on the White Paper, and decide for yourself if you want to be part of this project or not. It's a pretty solid read.

To own a share of the Neutron project send your donation at: 18Ngv1dcoxJuZtkZv8VBAPu8om58QYEA4k (your donated BTC quantity will determine how many shares you will have relative to other people's investment)
Be sure to also send us an email with the following details at [email protected]
- the BTC transaction ID (TRXID) do not send us your address as we have no use for it
- a name to be written in the "Founders" page of neutrons.us website

For NXT you can deposit to this account:  6635869272840226493


Everyone who buys any shares (quantity doesn't matter):
 
- Becomes a genuine founder, and will receive forum status of "Genesis Founder" when our forums will come online on launch day (currently there is no available personnel to handle the forums)
- Will have 0% transactional fee on the first 25 transactions
- Will have a name of his choosing (no naming policy) permanently embedded on the Neutron website in the "Founders" category
- 3 out of 4 founders will have a name of their choosing (common sense naming policy) INSIDE the actual Neutron coin code. Chosen people must e-mail us before 25 February 2014, or they will lose their piece of history.


Suggest a feature, contribute technically

Send us an email at [email protected] if you have an idea for an improvement, a new feature, basically anything that crosses your mind. We are extremely open to suggestions, so don't think twice!

Note that this project is merely at it's humble roots. 5 months in the making don't make a young coin very powerful, but it can surely become one! Until it's official launch, this coin will undergo constant improvements, numerous code cleanups, will lose some of it's features, and surely gain other ones. Anything can happen as long as it's staying true to it's goal, which is to EVOLVE.

Also, bits and pieces of the code will be provided to 100 beta testers (which will test the whole network sometime at the end of February this year) for that extra insight and tiny bugs which we would most surely miss. If you want to be a part of them, just drop us an email, and we will see about it.