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Topic: Project Nemesis - Alt-coin project - page 6. (Read 12666 times)

newbie
Activity: 12
Merit: 0
January 31, 2014, 06:47:16 AM
#5
Reserved for questions.
sr. member
Activity: 280
Merit: 250
January 31, 2014, 06:45:10 AM
#4
OK! its exciting we started this thread. Here is my idea for the coin:

Code:

Block No Reward supply Total supply

0-400,000 20000 8,000,000,000 8,000,000,000
400,001-800,000 10000 4,000,000,000 12,000,000,000
800,001-1,200,000 5000 2,000,000,000 14,000,000,000
1,200,001-1,600,000 2500 1,000,000,000 15,000,000,000
1,600,001-2,000,000 1250   500,000,000 15,500,000,000
2,000,001 and above 500 4,500,000,000 20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs)
Money supply max out in approx 10.5 years

legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 06:43:05 AM
#3
I would advice Scrypt, if dagger is ready, then it would be a better option. We need to ASIC proof as much as possible.

- Coin name
- Number of coins per block awarded
- How often are blocks found?
- Frequency of difficulty retargets
- Maximum coins
- Number of blocks per day
- Logo


hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 06:36:38 AM
#2
Reserved
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 06:36:25 AM
#1
Ok starting a project thread to discuss the creation of a alt coin specifically to increase volume and use in india.

phases to the project

Phase 1
Discuss the properties of the altcoin.
Discuss problem and solutions.
Implement Solution to check viability.
Discuss and look into impact and viability
Whitepaper release

Phase 2
Development
Testing

Phase 3
add support systems. pools, Block Explorer, Exchanges, backup nodes, newbie guide
add services Faucet, giveaways, games.

Phase 4
logo design, wiki, webpage.
IRC channel

Phase 5
Release


At the moment we can use the #taproom as the main channel for discussion.

Will keep this thread updated with every new development.

This will be a completely decentralized project, every one is invited to contribute, any thing from skill, advice, solutions, servers and workspace, time, or even the occasional troll  Smiley


in a few days we can come up with a  working model on how the coin should look like.


TEAM Embarrassed
Please  post  if you want to  add your self  to the team . and you skill and  what part of the project you want to  contribute on .
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