Update.2013.12.29We also plan to shorten the deadline of IPO,and increase rewards to early donorsUpdate.2013.12.29After discussions with technical staff we are going to do some technical improvements to make the VSC have more advantages than MSC&NXT. The work is a little more complex than expected.
Encouraging is that we have selected a interim logo for vsc,designed by Tera-Hash. And have received more than 21BTC in 4 days.
So far, everything goes well.
We have more work to do:1)Set up The VSC Foundation to accelerate the progress.
We have pressure on schedule,I can't finish all the work by myself,so,I need you for more help.
Every one can join the vsc foundation,The VSC Foundation is open, Shared and distributed cooperation,Only one condition, you must be interested in VSC, willing to participate in publicity and promotion of VSC. But that does not mean that everyone can join the Board.
Register your information here:
https://docs.google.com/spreadsheet/ccc?key=0ApjQ5TKiRAK0dEVKdEY0NHZMUjVKaUY2UFplNzRaWEE#gid=0If you want to join The VSC Foundation as an administrator
at least meet the following conditions(Or contact me directly:
[email protected]):
1)You must have expertise in certain aspects,such as proficient in German,French,Chinese,Russian,
or proficient in internet,programming,software development,encryption algorithms,etc.
2)You must have a certain experience, able to complete some work independently.
3)You must clear and definite know and able to deal with the risk in the project.
3)You must have no less than 3 BTC investment on this project to ensure that you will not fall by the wayside.
The responsibilities of board:1)Responsible for managing the VSC
2)Responsible for the promotion of VSC
3)Responsible for answer VSC related issues
4)Responsible for the formulation and implementation of the VSC development plans
5)Responsible for the subsequent development of VSC and maintenance
The other things those need to do.
Technical aspects:The total number of VSC is:420,000,000. 419,580,000 VSC will according to the share split, 420,000 will be saved by the vsc foundation,as an early investment cost and the cost of the follow-up.
Technology and features: We will destroy all of the BTC to generate an equal VSC in btc block chain,at the same time sign the VSC markers in BTC blocks,
as the basis of later verification.
By a specific algorithm to realize split the block chain,respectively used to initiate, validation and record.Through the extraction, separation, restructuring,secondary validation,and rematch block chain to realize the data rapid matching.On this basis,make the credit overdraft function, guarantee payment function implement(This is our Distinctive).In order to avoid copied,this technology will become an open source project after wallet software release.
There is no new data generated in this process,only the old data is validated those marked characteristics by VSC,to ensure that will not increase the BTC block.
You no longer need to download all the data in the wallet,and waiting for 6 times confirm.
It will makes vsc a really easy-to-use.
About me:I'mnotSatoshiNakamotohedoesnotexistsoamIThat's all.
more about vsc:
https://bitcointalksearch.org/topic/--384097
