Welp, I am sorry for the lack of updates. There is indeed a slight inactivity when I announce this project. This is still ongoing.
Edited the OP to include some more information.
Topic: Tuckfirtle (TF) - New original cryptocurrency coin (Read 688 times)
i think its closed as no updates on this since month
It will be very unfortunate if the developer cannot implement this idea. I have been on this forum for a long time and have seen a lot of threads / ideas, but I liked this one from the first reading. I hope, nevertheless, the developer is now working on his project, it is a pity that I can not help him with anything. 
i think its closed as no updates on this since month
A little bit more information about the difference in the emmision for this blockchain:
Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.
I think this is a cool idea. This type of reward for the block will do much fairer than the coins that we have now (which I know about).Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.
With pleasure I will mining such a coin.
When is the launch planned, at least approximately: in a month / two / half a year / year?
Seems legit project with good intents.
Hope you can get the same popularity of Turtle.
Hope you can get the same popularity of Turtle.
so about the emission, you will have 1440 TF generated every day as emission is 1TF per minute.
If a block is mined in 15 seconds block reward will be 0.25TF and if a block is mined in 4 minutes, the reward will be 4 TF.
I think its smart idea to tackle insta mining attacks in change.
Do you plan to decrease in block reward with time or halving like BTC?
Also, you should be open to GPU and ASIC, otherwise I know many coin projects just keep working to make ASIC resistance, in that way, always some private big player ends up making FPGA. Better to have public tools available for all type of hardware so that private parties can not exploit the network.
If a block is mined in 15 seconds block reward will be 0.25TF and if a block is mined in 4 minutes, the reward will be 4 TF.
I think its smart idea to tackle insta mining attacks in change.
Do you plan to decrease in block reward with time or halving like BTC?
Also, you should be open to GPU and ASIC, otherwise I know many coin projects just keep working to make ASIC resistance, in that way, always some private big player ends up making FPGA. Better to have public tools available for all type of hardware so that private parties can not exploit the network.
A little bit more information about the difference in the emmision for this blockchain:
Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.
Traditionally, each block had a fixed supply output or a slow downward curve till the very last block. However, in our case, I wanted to try something different. Each block will have a variable amount of supply output based on the time taken to find the block. If a miner find a block in 2 seconds, that miner is going to get only 2 seconds worth of effort.
Each minute, there will only be 1 TF. Finding the block fast just reduces the output but the emission speed will remain constant. That would probably discourage the use of ASIC. The emission speed is fixed. The only thing changed is how much you get per block based on time taken.
All ASIC could do is to make the block time faster (which increase the speed of transaction), however the amount they earn will still be constant or slightly higher. It kind of punish fast miner for making it way too fast and earn less than before.
The difficulty is based on the previous block. If the first block is easy, the next will continue to be easy until a certain point in which it will be difficult. That is when the target block time kicks in. Every minute the difficulty will drop until the next block is found again. This cycle continues for each block.
In essesnse, this new method of controling supply will discourage miners from making ASIC. It is pointless. It will not increase your profit in any possible case as no matter how fast you put in, the same probability applies to everyone. All it does is to make mining difficult fast for everyone. If everone uses just CPU, it will spread out more nicely
More details about how the block and transaction is design will be added soon. It is based on Bitcoin as starters and move forward from there.
Edit:Updated thread title because I may have cause confusion about the ability to mine right now with [Pre-ANN] tag. Sorry about that, it is not mineable state as it is a brand new project with very little code to go with right now.
The total coin supply is not determined yet. Though I am looking for a perfect number to fit in. Since transaction is tied to the block, the speed depends on how fast people found a block in order to include your transactions. There is no fixed time in which the block would generate but every other minute if no block is found, it will get easier to find a block in order to keep the transaction time fast. I have to look into how much transaction can be fit into a block and determine a best number after it is developed to that point.
I am looking for people who wish to create a new coin and exchange ideas on how it should be done. I have to say that there are many people out there with knowledge about cryptocurrency and it would be a great help to point into the right direction.
Even by just participating in the chat to get update information is alright by me, I will be slowly releasing test binary to the public to test individual portion of the code to ensure it is stable before testnet could happen.
Sure. You are welcome. There are more information to be filled in and currently I have not reached to that point to write a detailed information how it will work out eventually.
so it's only for CPU mining ?
since most people only have laptops, they can't beat those GPU whales!
Or you can fork to GPU mining on certain height
The aim is to make it fair for CPU miners. GPU is always possible but I would want to make it such that it favors more CPU than GPU. I can't say for certain whatever I wrote would really work well in GPU as I can't prove it right now. (I am not an expert in GPU field so... I shall leave that to other people to figure out).
What is coin total supply?
And please tell as more information regarding blocks, transaction speed, etc...
And please tell as more information regarding blocks, transaction speed, etc...
The total coin supply is not determined yet. Though I am looking for a perfect number to fit in. Since transaction is tied to the block, the speed depends on how fast people found a block in order to include your transactions. There is no fixed time in which the block would generate but every other minute if no block is found, it will get easier to find a block in order to keep the transaction time fast. I have to look into how much transaction can be fit into a block and determine a best number after it is developed to that point.
OK, I can get behind this for sure. What kind of community support are you looking for?
I am looking for people who wish to create a new coin and exchange ideas on how it should be done. I have to say that there are many people out there with knowledge about cryptocurrency and it would be a great help to point into the right direction.
Even by just participating in the chat to get update information is alright by me, I will be slowly releasing test binary to the public to test individual portion of the code to ensure it is stable before testnet could happen.
It sounds like a fork of the turtle coin. Would love to participate this kind of project. Those who needs help on the community at the beginning. Can you also provide us more information on the upcoming ann?
Sure. You are welcome. There are more information to be filled in and currently I have not reached to that point to write a detailed information how it will work out eventually.
Quote
It is branded as an educational project as it is designed to be simple for any developer to follow and learn together.
so it's only for CPU mining ?
since most people only have laptops, they can't beat those GPU whales!
Or you can fork to GPU mining on certain height
The aim is to make it fair for CPU miners. GPU is always possible but I would want to make it such that it favors more CPU than GPU. I can't say for certain whatever I wrote would really work well in GPU as I can't prove it right now. (I am not an expert in GPU field so... I shall leave that to other people to figure out).
Quote
It is branded as an educational project as it is designed to be simple for any developer to follow and learn together.
so it's only for CPU mining ?
since most people only have laptops, they can't beat those GPU whales!
Or you can fork to GPU mining on certain height
It sounds like a fork of the turtle coin. Would love to participate this kind of project. Those who needs help on the community at the beginning. Can you also provide us more information on the upcoming ann?
OK, I can get behind this for sure. What kind of community support are you looking for?
What is coin total supply?
And please tell as more information regarding blocks, transaction speed, etc...
And please tell as more information regarding blocks, transaction speed, etc...
Welcome to Tuckfirtle
Tuckfirtle is a new original cryptocurrency coin written from scratch in C#.
Quick links: Discord | Github
Disclaimer: This is still under development. There is no testnet at the moment. Do join in to get updates on the coin as it progress.
Tuckfirtle is a new original cryptocurrency coin written from scratch in C#.
Quick links: Discord | Github
Disclaimer: This is still under development. There is no testnet at the moment. Do join in to get updates on the coin as it progress.
What is Tuckfirtle about?
Tuckfirtle is an open source cryptocurrency coin written from scratch in C#. This coin is an educational project aim to be simple and do not have the means to offer privacy like Monero do at this point in time. As the coin follows the bitcoin specification to a certain extend, there may be chunks of codes that look similar to bitcoin. Rest assured that every code written here are original and not a result of copy paste from C++ to C#.
The reason not to fork an existing coin and use their code as base is due to complexity and C++ languge can be very demanding for entry level developers to understand. The dependencies for C++ can be huge and take a very long time to compile. This is not ideal for my goal of being simple. Forking existing coin tend to not do well in long run and thus the reason to write from scratch.
Since this is written from scratch, there are tons of test needed before this project can be lanched as a real coin. Do not expect the coin to be released any time soon.
This coin will aim to be fully decentralized with a minimum of 1 second block time and indefinate amount of supply to create incentive to mine. The block will be created as soon as the block is found. The miner rewards is capped to 1 TF per minute. The longer the time to find a block, the more reward the person gets. There will be no transaction limit per block on the chain. If the node can handle more, it will include more transactions in one go. There will not be much privacy equipped like Monero did with ring signature and mixins. These are reserved for future forks of the coin.
The POW algorithm is brand new and written to look similar to CryptoNight. (https://cryptonote.org/cns/cns008.txt) You can refer to the links below to have an idea how it works.
It is not proven to be asic resistance but the POW can be changed to solve that.
More information about this coin will be written when we have iron out the idea.
Basic Information
- Coin Name: Tuckfirtle (TF)
- Currency Mining Type: Proof of work (POW)
- POW Mining Algorithm: TuckfirtlePow
- Minimum Block Time: 1 second (Difficulty will drop every minute of mining if it is not found)
- Block Reward: Capped at 1 TF/Minute.
- Total Supply: Infinity. (Based on the chain limitation, it would most likely be 184,467,440,737 TF aprox 350965.450412861 years to reach)
- Premine: 0%
Note: The information may change over time when the project progresses. You are free to write constructive criticism or write down your thoughts about what you want to see in this coin. I will be watching and willing to respond when needed.
Thanks!
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