Topic: Official Feathercoin newsletter #34 -FTC offers way for SCRYPT coins to survive - page 2. (Read 4261 times)

I like neoscrypt .

Hard to tell how it will function before we've seen it implemented. Lower power usage have however been one of the things the developers had in mind. Hard to say tho how much trade-off between function and low power usage they had to do in the end

tl;dr
Wait and see

The mixing engine employs both Salsa20/20 and ChaCha20/20 (20 rounds each) XOR'ed into salt for the final PBKDF2 run. They can be run either in series or in parallel to reduce latency (the reference code supports series mode only). N reduced to 128 to maintain high performance, r increased to 2. Requires ~32Kb of memory in series mode or ~64Kb in parallel mode per instance. There is a very little chance that both Salsa20/20 and ChaCha20/20 can be found vulnerable critically in years to come. It takes 1024 Salsa20/20 and 1024 ChaCha20/20 runs as well as 2 FastKDF iterations of 32 BLAKE2s runs each to produce a single hash.

Actually Neoscrypt handle memory little different than scrypt.
However code is not 100% optimized for GPUs yet so it is hard to tell how much the performance will be better.

its a good solution but its not elegant - sCrypt is a GPU killer, and i assume (without reading anything on it)  its still going to have the memory hard function and thus the higher voltages - ?

how would Litecoin merge mine with Litecoin?

i'm confused.

Great news! I'm very interested in reading more about this, hope it will be a succes. Great development by the FTC team!

Why would i even want to merge with a coin that has 0 developement....Regarding the newsletter, great work as always! 

don't feed the troll, anyone with some common sense realizes that there's more solutions than merge mining on the table

Just no, why should anyone merge mine with litecoin. Litecoin development is considered as "dead" the only thing coblee wants is to find a merged mine partner that "his" network doesnt get raped by asics.

Good luck with it....

Merge mine with litecoin is the only solution.

Wow Tuck Fheman reposted whole thing at his blog!
http://tuckfheman.com/post/92576669214/official-feathercoin-newsletter-34

Thank you Tuck, this is quite an honor for me.

Some people might not realize it yet, but Neoscrypt is the only solution for Scrypt coins right now to escape before incoming TITAN rape.

Just fixed all links, should work fine now.
Sorry for this.

Really awesome news for Feathercoin again. #NeoScrypt gonna be a blast, cant wait!

Awesome news guys! That means  FTC and FRK will be on the moon at the same time! Sweet

Promising news!

We are glad to announce that the feathercoin community has raised the funds necessary to send a physical "spaceship", loaded with 1001 FTC, to the moon. In fact, 20 donators put money together in 2 days! Ok, you might be sceptic now, but please read forward as all is explained in detail. We are buying the Lunar Scout from http://pocketspacecraft.com/. It was initially a kickstarter project for a crowd funded, low cost, micro space ship.


Lunar scout equals to

* access to the online Scout designer
* most of surface available for printing
* custom message transmitted (<140 characters)
* a replica Thin-Film Scout in a protective sleeve
* our own Scout spacecraft that will be photographed as it is launched into space and attempts to land on Earth from orbit
* a second Thin-Film Spacecraft that will be photographed when it is launched into space to attempt to land on the Moon[/li][/list]


It will contain:

* FTC logo
* FTC address with 1001 FTC loaded
* 20 nicks or real names (or both) of donators
* Catchword: "Feathercoin to the moon"
* + spacecraft will transmit our custom message[/li][/list]


As the demand was very high we opened second spaceship! Please visit https://forum.feathercoin.com/index.php?/topic/7458-send-ftc-to-the-moon-350ftc-each-20-positions/ and buy your seat for 350FTC, 20 positions only.


 

There is one more moon we aim for. By changing our hashing algorithm, we will step out of the Litecoin shadow once and for all. The algorithm is called Neoscrypt and was developed by the excellent Ghostlander. He took the development of Scrypt further by upgrading the two half's which creates it. In doing so, this significantly improves performance and makes feathercoin ASIC resistant once again. Neoscrypt will be focused on giving CPU and GPU miners a new home without having to utilizing a cumbersome myriad of algo's to achieve greater efficiency. We aim to lead the ecosystem which will allow scrypt crypto's to become decentralised once again. The algorithm is now ready and has been a thorough workout on a testnet.  The CPU miner and pool software is now ready with the GPU miner currently in development. Welcome to the future of scrypt. https://forum.feathercoin.com/index.php?/topic/6626-changing-the-hashing-algorithm/



Another good news is that Cryptsy launched FTC/USD pair live trading on July 1st. Together with BTC/USD, DOGE/USD, DRK/USD and LTC/USD pairs. Verified accounts are required for USD markets trading on Cryptsy.

 

To enhance overall good atmosphere and motivate new members to take an initiative we started new giveaway of more that 1.000 FTC. Generous Ghostlander matched the sum with PXC so people can claim 10FTC+10PXC now. For complete info please visit FTC forum.

 

After Neoscrypt launch you can still use your ASIC to mine FTC at official FTC multipool. Mine the most profitable Coins (Scrypt,SHA256,X11,X13,Scrypt-N) and get paid in Feathercoins! You will get more Feathercoins a day AND the buypower for Feathercoin will increase!



 

We also want to highlight that minerX developed by ChekaZ will fully support Neoscrypt. MinerX is an automated MiningTool for newbies. Its Java based (Yes you need Java to use it) and its combinated with CgMiner and CudaMiner. The only thing you need to put in is your FeathercoinAddress and if you use an AMD card, the last two digits of your cardname. ChekaZ is determined to develop MinerX further so we can expect more features in the future.



Please read story of Tony (tmuir12) who just joined FTC team:


links to further reading:

https://forum.feathercoin.com/index.php?/topic/7412-raspbery-pi-based-ftc-ticker/
https://forum.feathercoin.com/index.php?/topic/7425-raspbery-pi-based-arcade-machine-ftc-payment-proof-of-concept/




Open Fethercoin ATM is an open-source automated seller machine for education and experimentation. Based on John Mayo Smith’s OpenBitcoinATM which can be seen in action here. A “voucher” is printed containing a private key QR Code that has been pre-loaded with the correct value of Feathercoin for the denomination deposited during the setup stage. Designed to work with any currency taken note or coin that outputs a number of pulses per denomination deposited. Continue reading for full details about hardware assembly and software here: https://forum.feathercoin.com/index.php?/topic/6802-dev-openfeathercoinatm/


 

A simple and easy to use handheld payment terminal that merchants can use to take payments via feathercoin for any goods or services that they sell or deliver, how easy would it be for these people to accept feathercoin if all the technology was wrapped in a simple handle held device?


So how does it work?

Quite simple really, there are 4 steps to each transaction

1.       Obtain the current value of feathercoin
2.       Tell the device the transaction value
3.       Present a payment QRCode for the customer to scan
4.       Display confirms for the transaction

featherPay is designed with 3 connectivity methods in mind

WiFi
Everything takes place in real time, every time a transaction is started the current exchange rate is obtained via the network connection, once the transaction has taken place the merchant can get a visual on the number of confirms for the transaction. Aimed at the corner shop, pub, coffee shop etc..

3G
Exactly the same as operating in WiFi mode, but with the added advantage of not needing the WiFi connection.  Opening up a greater choice of locations for feathercoin merchants. Aimed more at the market trader, street vender type of merchant.

Off-Line
Prior to the trading day, the merchant can obtain the current exchange rate and this is saved to the device, when the trading day is finished the unit is connected to WiFi and all transactions throughout the day are processed. It goes without saying that step 4 from above does not work in this mode as there is no network connection to obtain the confirms against the payment address from. Again aimed at the market trader and street vendor type of merchant.

Input into the payment terminal is via both a touch screen display and the small number pad, for most actions you tap the buttons on the touch screen and for transaction values you input the value using the number pad.

Transaction Walk Through
please continue reading here: https://forum.feathercoin.com/index.php?/topic/7206-dev-introducing-featherpay-point-of-sales-device/

 

We are currently in the process of  preparing to visit Hull City Council to demonstrate to the members of the board and their retailers how they can accept crypto currency easily and to address any questions that the retailers may have.



I am very glad to see lot of good development and new ambitious people joining Feathercoin these days. Please note not all project was mentioned in this newsletter, for greater insight please read also: https://forum.feathe...n-developments/


Link to original post at FTC forum: https://forum.feathercoin.com/index.php?/topic/7486-official-feathercoin-newsletter-34/