Archive for the ‘Crypto Coins’ Category

ZENNET, a Blockchain-based Service for Computing Power On Demand

30, Nov 2014

BlockChain is a technology that can and will most likely outlive the crypto currencies, unless of course something even better replaces it in the future. There are more and more services that are popping out that are taking advantage of the blockchain as a technology and may or may not actually use a crypto currency, though for the moment most of them actually do come out with their own crypto currency as well as a payment method for the respective service they offer. ZENNET is another interesting blockchain-based project that has set an ambitious goal to offer an alternative to the large cloud processing power providers such as Amazon, IBM or Microsoft for organizations that do require a lot of computer processing power. By relying on Blockchain technology and leveraging the unused computer power of normal users around the globe it should be possible to provide a more affordable alternative for cloud processing power for the people who need it as well as to make it profitable for ordinary people to earn form their unused computer processing power. They will have their own crypto currency called Zencoin that is supposed to help for the funding of the project and will be used for the payments.

The idea does sound quite good, but as with other new projects and startups in the crypto currency world it needs both funding and time to be realized before anything is actually released as a working system. The same thing applies for ZENNET, they are just starting to build upon their idea and below you can take a look at the roadmap plan they have made public. So if you find the idea interesting and want to invest into the ZENNET you might check their official website for more details, and a word of warning – as with all other kinds of investments you should proceed with caution as there is no guarantee of success.

ZENNET project roadmap:
– Q4’14: Pre-sale campaign launch. Core development.
– Q1’15: Core development. Worldwide corporate and academic marketing.
– Q2’15: Functional beta.
– Q3’15: Zennet release.
– Q4’15: ZenFS beta.
– Q1’16: ZenTube beta, ZenFS release.

– Visit the official ZENNET website for more information about the project…

Quotient (XQN) Scrypt-based alternative cryptocoin

12, Nov 2014

quotient-logo

Quotient (XQN) Digital Financial Network is a high interest rate proof-of-stake decentralized crypto currency network. The total coins to be mined via proof-of-work mining using the Scrypt algoirthm, is taken from the golden ratio, an interesting number that some believe humans naturally seek out. Quotient offers a 1,618% annual interest rate, with a 618 coin cap on the stake reward per block. The reward cap encourages breaking unspent outputs into smaller units for a better distribution of coin weight and smoothing the effects of large wallets coming on and off of the network.

Quotient is released with two core purposes:
1. Provide a platform for evaluating the code optimizations we have implemented, particularly as regards maps and iteration.
2. Build features external to the wallet that bridge to the web and promote awareness and interest.

Website:
– http://www.quotientcoin.com/

Block Explorer:
– http://www.presstab.pw/phpexplorer/XQN/index.php

Coin Specifications

  • Scrypt Algorithm
  • 1,618,033 coins (proof-of-work)
  • 1,618% PoS interest rate
  • 618 coin cap on stake reward
  • 61 second block spacing
  • 161 blocks to maturity
  • Min Coin Age 16 hours
  • 1% Premine (16,180 coins) – so the developers are well fed

Wallet:
– Online Staking Wallet
– Windows

Source Code:
– at GitHub

Ports:
– RPC Port: 30997
– P2P Port: 30994

Mining Pools:
– https://xqn.suprnova.cc/
– http://xqn.coin-miners.info/
– http://xqn.binpool.com/

Coin Exchanges:
– Bittrex
– Yobit

BitBay (BAY) POS Alternative Cryptocoin

12, Nov 2014

bitbay-logo

The goal of BitBay (BAY) is to create the entire economy within the crypto space. With the implementation of multiple smart contract methods – such as unbreakable double deposit, Halo contracts, and special time locked contracts with the new CheckLockTimeVerify function, this project can allow all kinds of innovative financial instruments. For example, accounts can be created with two keys that can later convert to three keys. Contracts can be made completely unbreakable, financial derivatives will never go unpaid, and BitBay will be the first coin to convert to a full hedging coin. This means, the price gets locked in after the project proves its development schedule.

The economy of BitBay hinges on decentralized markets. We are supporting Halo technology by licensing their software. Since we see the amazing value in being part of the worlds first decentralized markets with Halo technology and decentralized Bitmessage markets we are honored to be working with them. The technology that we will use in BitBay is based on BlackHalos market engine that leverages Bitmessage. Combining the use of proof of burn, white-lists and Bitmessage Channels, these markets will have no central point of failure. The Bitbay blockchain is impossible to bloat and can scale to meet the needs of international markets.

Furthermore, we use our contact list from Alibaba to help populate all the decentralized markets. BitBay is positioned to replace current online auction websites once the world recognizes the true utility of basing trust on Satoshi’s blockchain tech. After the debut of the markets, we will fork the coin into a hedging coin. This will greatly reward investors who get in on the ground floor, and it will eliminate volatility using a similar system to NuBits. This is all possible because of time locks that allow us to park coins.

BitBay supports Stealth technology. Because of time locks, it will be possible to perform Atomic trades allowing for decentralized exchange.

Bitbay smart contracts are also designed to support the internet of things. We plan on implementing our contracts into hardware. Since the contracts are unbreakable, we will form powerful partnerships in Chinese manufacturing markets and be able to decentralize more than just money. Hardware will store these contracts and be used for honoring agreements and creating mesh networks.

Mesh networks are by FAR the Holy grail of anonymity and freedom. This is internet without IP addresses. Forget, Maidsafe, we want to decentralize the world and make it free for everyone. This is our end goal.

Website:
– http://bitbay.market/

Block Explorer:
– https://chainz.cryptoid.info/bay/

Coin Specifications

  • Initial ICO + PoS
  • Total Coin Supply: 1 Billion
  • 64 seconds Block Time
  • 1% annual Nominal PoS stake interest
  • 8 hours Min stake age (no max)
  • 10 confirmations for approval
  • 50 confirmations for maturity
  • POS2 Proof of Stake Phase

Wallet:
– Online Staking Wallet
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Mining Pools:
No mining pools, the coin had ICO and is now PoS.

Coin Exchanges:
– Bter


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