Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ICO][NEW][AIRDROP] GRIDNET Project - We change the World!
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GRIDNET
on 05/01/2018, 12:34:01 UTC
Quote from: michaelsss on January 05, 2018, 12:02:56 PM
Quote from: GRIDNET on January 05, 2018, 11:47:12 AM
Quote from: michaelsss on January 05, 2018, 10:53:26 AM
could you tell me what's algorithm?
and about wallet , does it rewriting code or clone from others ?
and any pic for wallet ?
thanks
@michaelsss

Do you mean the consensus algorithm?
The consensus algorithm has two main stages
1) Proof-of-Work - the stage will be activated as soon as the ICO ends. It will be then active for approximately 3 years.
The proof-of-work algorithm will be ASIC proof from the very beginning.
the second stage will be
2) Proof-of-Stake - the switch will happen automatically as soon as the last block has been mined.

As for the PIC from the wallet, I know that we are now giving some finishing-up touches to the GUI etc but I'll see what I can do Cheesy

The ENTIRE code-base has been written ENTIRELY from scratch Smiley

Please do let me know any other questions you might have.


thanks a lot for your quickly reply.

about pow，  scrypt or x11 or X13 or others ? do your side provide the mining tool ?

and from the ann thread we got that it can be mined about 1M gridnet per day , maybe it makes the ICO slowing progress. lol.  

can you post wallet UI here or github link if possible. thanks .



The PoW algorithm is divided into two stages in itself.

The first stage will be similar to how X11 and X13 algorithms are constructed. If you know the internals of these then you know they are just a bunch of one way hash functions stack on top of each other to thwart ASICS. Here the first stage of our PoW will be the same. Then after some time it will switch to a memory bound problem (similar to Scrypt) and finally to PoS.

It's 1M per day but across a very large base of miners. It will make the entire eco-system secure; just imagine the number of potential miners knowing that there will be no ASICS around.

That's specifically why we've been very meticulous when it comes to the PoW algorithm.
There will be no mining pools and no ASICS. 100%

Then, all the full-nodes will also have the option to share their bandwidth with others acting as a router.

The source code will be made available not sooner than a couple of days after the system goes LIVE.
We've put too much work into this to allow for instant forks.