Proposal for ambitious Groestl project- Create a groestl-based fork of Elements and Elements Alpha.
These are some of the features that an elements sidechain to Groestl would add:
http://i.imgur.com/LCrus2C.png
- A new "Segwit coins only" multi-wallet that has an exchange allowing atomic swaps across different currency pairs between different people-- i.e. a truly decentralized coin exchange with no middlemen. Currently, this would consist of Groestlcoin and Syscoin.
How this will set Groestlcoin apart:Developers/entrepreneurs interested in testing sidechains on a live chain (rather than a testnet) will be able to easily do so by cloning the Groestl-elements fork we will create.
Confidential Transactions on the Groestl-Alpha pegged sidechain.
The first ultra-decentralized altcoin exchange with 0% fees. It will include Groestlcoin and Syscoin, followed (hopefully) by Viacoin and Litecoin (and any further Segwit coins that come along).
Getting it done:I would like to begin working on this project immediately, donations would help to accelerate things. Any support or feedback would be much appreciated!
Groestlcoin: Foix566fBaVLGFwd2Jb6Lwwahfq51PYhTE
Bitcoin: 1KXh9hhMicfeMn4CsMzZZGKf3XGTVusgWc
I must say, I applaud your efforts. That is indeed a very ambitious Groestl project. I like the proposal but it's not clear what kind ammount of donations you are expecting. What happends for example if somebody only donates 0.1 btc? Is your proposal depending on the donations or will you do it anyway? If you want donations then people would like to see what your qualifications are to create the groestl-based sidechain (do you have a github?). Would love to get milestone reports if possible.
So a bit about myself as a developer:
Joseph Cooper,
jecooper@alum.mit.edu- I created SegWitPoolsData, a script for retrieving data about which BTC pools have been mining Segwit recently and it also looks up a recent BTC address being used by each pool (i.e. if you wanted to auto-donate to Segwit pools (or non-segwit pools), you could use this script).
- I'm the Senior Software Developer of a small (~5 million USD market cap) east coast US software company
- I have a degree in pure mathematics from MIT
The goals of this project
- To create a Groestlcoin sidechain called Groestl-Alpha which possesses the desirable features from Elements: confidential transactions, atomic swaps with the main Groestlcoin chain, etc.
- To be the first cryptocurrency to have a functional sidechain on mainnet.
This goes beyond just attracting speculators. Devs from other chains (e.g. Bitcoin, Ethereum) might join the Groestl dev force once they are enticed by the prospect of working with live sidechain-enabled features. Groestl will become the official "laboratory" for all cryptocurrency developers who want to work at the cutting edge. - While working on groestl-alpha, to be attentive to any bugs we might encounter in the core Groestl code, and to submit issues to the repo regarding these.
Funding goal:
I would like to assume full-time responsibility for seeing this project to completion by September 1, 2017.
Therefore the fundraising target is 15 BTC (or the equivalent in Groestls). If donations begin to come in, I will set up a website for tracking them and blogging on the status of the project.
I'll check back in here on bitcointalk to answer questions, provide additional information, or whatever other services I can provide.
Cheers!
Update (2017/04/20) - Thank you for the
Groestl donation from anonymous![/list]
