Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014
by
coinflow
on 19/05/2015, 09:31:07 UTC
Announcement:

Mooncoin Foundation was created by volunteers with a purpose to help developers and to support Mooncoin.
If you want to join us or to share your ideas on how we all can help and support Mooncoin development, please PM, or leave your comments.


Hello Mooncoin!

I'd like to join the Mooncoin Foundation!

1) I can offer deterministic Gitian builds for the Mooncoin wallet to improve wallet security and trust.
2) I can also support the wallet development with unique features like advanced checkpointing (ACP) that is now available for the 0.9.x wallet series.

Titan

What is Advanced Checkpointing?
Advanced Checkpointing allows us to send out checkpoints without having to redistribute the Feathercoin software. This works by having a 'master node' which checkpoints each block it sees on the network protecting it from the attacker. This checkpoint is then picked up by all the other clients on the network which will then ignore any blocks generated by a 51% attack. This protects merchants from transaction reversal and miners from losing their newly minted coins. With Advanced Checkpointing, Feathercoin becomes the most secure of all the Scrypt cryptographic currencies.

is this it?

http://www.coindesk.com/feathercoin-secures-block-chain-advanced-check-pointing/
https://bitcoinmagazine.com/6263/feathercoin-interview-with-peter-bushnell/ (see below in the interview, where they cover ACP)

One thing to keep in mind: using one central node as the reference for the checkpoints is the opposite of decentralization.
Maybe we should develop a better system to overcome 51% attacks? I'm still wondering, whether it would be a good idea to change from mining to staking in that regard (also if you think about protecting the environment, as mining pulls a lot of electricity)? What do you all here think about that? Any other ideas?