[PPC] [XPM] Peercoin/Primecoin Weekly Updates - page 6.

Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #117

ShapeShift Lens (http://www.shapeshift.io/lens.html), a new payment service that automatically converts currencies to bitcoin, now supports Peercoin and Nubits.
peerchemist has released Peerbox v0.24 (http://www.peercointalk.org/index.php?topic=3592), with built-in 2FA support.

Have fun!

Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #116

YPool, the largest primecoin mining pool, now has an online wallet service (wallet.ypool.net) supporting Peercoin and Primecoin.
Nubits mandatory upgrade to v0.5.0.
Nubits is preparing for its period 1 divident payment in Peercoin.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #115

Bitspark (http://www.bitspark.io/), a new exchange based in Hong Kong begins trading support of Peercoin and Nubits.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #114

Since the release of Nubits, the exchange peg of nubits to USD appears to be working so far. It must be noted that, the fact that due to the peg it's under political control (fiat inflation) to some extent, is actually quite superficial. This is because, the pegging mechanism can be used to commodity money as well, especially gold. The fact that the project issues USD equivalent first is likely a market driven decision, as USD remains the dominating currency in the world.
Also, Nubits inherit privacy features of bitcoin, thus having privacy properties very close to fiat cash. Let's recall that during Internet 1.0, David Chaum had a project known as digicash/ecash, which focused on anonymity of digital fiat. The project failed primarily due to political obstacles. But it was a big deal back then, as that was the only known way to preserve privacy in money at the time. That was before bitcoin brings decentralization technology to the market. It is decentralization that allows the market to freely launch currency projects without official support from banks and governments.
Notably, Nubits now has achieved similar goals of ecash, despite having different compromises in its properties. And thanks to decentralization, nubits is now circulating in the market, while the other pioneers of market-driven digital currencies, ecash and e-gold, languished in the footnote of history.

Chronology: 1995 digicash/ecash, anonymous digital note 1996 e-gold, digital gold note 2009 bitcoin, decentralized digital currency 2012 peercoin, energy efficient decentralized digital currency 2013 peershare, decentralized autonomous/anonymous company 2014 nubits, decentralized pegged digital note

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #113

I think our community is familiar with the importance of Peershare project. It serves as a template for running crypto ventures or businesses, also known as DAC's. Nubits has become the first project using the Peershare template. A shareholder voting system has been introduced so basically it can be run through semi-anonymous shareholders. This marks an important milestone in the history of cryptocurrency. So it is expected, many more ventures would be created in the future, eventually driving a prosperous crypto-economy.
On the other hand, in the past decade we are experiencing a migration of personal computing to mobile devices, most notably, smart phones and tablets. So I think inevitably some of our successful ventures could take the form of web apps, that is more suited to mobile computing. So the brainwallet project would serve to showcase such a possibility, a model pairing open source web app with the full node. Unlike typical web service existing in the market, most of which are built with significant centralization. This model allows direct communication between web app and the full node, preserving a high degree of decentralization.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #112

Peerunity v0.1.1 has been released (http://www.peercointalk.org/index.php?topic=3470.0) by the Peerunity team. It features more UI enhancements and bug fixes, especially UI enhancements related to minting. Congratulations to the Peerunity team!

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #111

Mike's work on duplicate stake protocol has been reviewed and scheduled for v0.5. This work introduces a change in the duplicate stake detection, such that when a block is received having the same proof-of-stake with the current best block (the latest block on main chain), the best block would be rolled back and proof-of-stake would be minted on top of previous block. At the same time, the block causing the rollback of best block is broadcasted to other nodes to take actions
This solution introduces disincentive to minting on multiple branches, that is, this type of minters risk losing the acceptance of their blocks.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #110

Nubits project (http://nubits.com/) is now released by Jordan and Nubits team. Nubits is a first implementation of peershare, utilizing its share and divident system. Nubits introduces fiat equivalent currency unit, pegged via share holder voting and interest system, with high degree of decentralization. Compared to centralized bank notes, such as exchange fiat balance, it has much better decentralization and privacy properties. In my opinion, Nubits is a highly interesting experiment in the cryptocurrency field, providing a class of digital currency with differing set of properties from centralized notes and cryptocurrencies.
Congratulations to Nubits team on completing the first major DAC project in peercoin ecosystem!

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #109

Matthew Mitchell releases beta android wallet: http://www.peercointalk.org/index.php?topic=3331.0
Peercoin main discussion on bitcointalk.org is now moved to https://bitcointalksearch.org/topic/ppc-peercoin-indicium-logo-peerassets-diagram-released-793142. Sentinelrv gaves a great presentation of the overall project in the new thread.
Nubits project to be released soon by Jordan and Nubits team.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #108

Jordan has announced planned release of Nubits on September 23rd (http://www.peercointalk.org/index.php?topic=3357). Nubits aims to provide a solution to volatility, using a peershare implementation. More details would be available at the release time. Congratulations Nubits team!
A JSON-RPC API extension has been implemented to provide web wallet service. Currently we are testing brain wallet functions using primecoin. A combined peercoin/primecoin brain wallet would be developed once the basic wallet works.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #107

Mike has the proposed change to peercoin's duplicate stake protocol under review and testing. This protocol change aims to introduce a disincentive to minting on multiple blockchain forks.
A brain wallet implementation is still under development and testing.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #106

Web wallet platform is under development and testing. The platform should be able to support multi-currency functions. Stay tuned!

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #105

As a first project of our data services initiative, we are working on a web wallet support service. The core team will look into providing a reference brain wallet implementation in client side javascript, with combined peercoin/primecoin support. More full-featured wallet app can be developed by community further with API support of full nodes.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #104

Happy birthday peercoin
I am taking a short break this week. More infrastructure related development will be coming in the following weeks.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #103

I am happy to see peerchemist's Fazon initiative (http://www.peercointalk.org/index.php?topic=3246.0), a very good step toward better organization of community development and sharing of resources. If you don't know, peerchemist is also the lead developer for the excellent peerbox project (http://peer4commit.com/projects/92).
Given recent market loss in altcoins, I would like to remind investors in peercoin and primecoin projects to be always aware of market risks, i.e. only invest with what you can afford to lose.
Our development community has grown quite a bit compared to last year, thanks to the tireless and selfless teamwork of many of you. I am amazed at what our community has achieved, and honored to express my appreciation for all your great works!

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #102

Team is still busy working on peercoin v0.5 features.
Some strategic planning is also being worked on. Stay tuned.
Check out many active projects on going at our forum and peer4commit!

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #101

Interview by Let's Talk Bitcoin published at http://letstalkbitcoin.com/blog/post/the-real-sunny

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #100

Peercoin video project released on youtube: http://whatispeercoin.com
More peercoin news see this week's Newsletter #9: http://www.peercointalk.org/index.php?topic=3181

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #99

The peercoin community video project has made great progress! Check out the project: http://www.peercointalk.org/index.php?topic=2537.0
Check out and contribute to many other community projects at our forum and peer4commit!
I have done an interview with Sean@Let's Talk Bitcoin earlier the week.

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Sunny King

legendary

Activity: 1205

Merit: 1010

Weekly Update #98

Congratulations to the primecoin network reaching one year old! I would like to show appreciation to primecoin users and especially miner developers, without whose tireless work we wouldn't be able to claim 5(!) of the simultaneous primes world records out of a total of 21 world records (https://github.com/primecoin/primecoin/wiki/World-records) (http://primerecords.dk/simultprime.htm), within the first year of its running. This is a feat that I couldn't have imagined at the time of primecoin's design, when I was still in doubt whether it could break any world record or not. One year after primecoin's public debut, the cryptocurrency designers are still focused on mixing hash functions with hash-cash proof-of-work, or finding ever more 'cpu friendly' proof-of-work, primecoin's unique proof-of-work remains the first and one of the very few useful and actually interesting proof-of-work designs, that preserves the decentralization property of cryptocurrency.
So happy birthday Primecoin

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