Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
Cryptonite is still in active development but we have some issues:
- difficulty in entering new exchanges now that some (where we have been historically strong) were closed (luckly, novaexchange seem to be headed for a relaunch).
- need to organise a rebranding or at least an update of the website and other information, but before investing in communication we should fix the previous point.
- my time is limited and I'd need support from community (which has been great till now): for a serious relaunch we need to work on the previous 2 points.
So well, things are progressing slowly but after 4 years we are still here with our innovative technology, which in part is still unique in the crypto world. And this is a proof that we are not a scam or P&D scheme like most of the other coins, which may have a lot of support but end up as worthless.
Thanks for your support.
- difficulty in entering new exchanges now that some (where we have been historically strong) were closed (luckly, novaexchange seem to be headed for a relaunch).
- need to organise a rebranding or at least an update of the website and other information, but before investing in communication we should fix the previous point.
- my time is limited and I'd need support from community (which has been great till now): for a serious relaunch we need to work on the previous 2 points.
So well, things are progressing slowly but after 4 years we are still here with our innovative technology, which in part is still unique in the crypto world. And this is a proof that we are not a scam or P&D scheme like most of the other coins, which may have a lot of support but end up as worthless.
Thanks for your support.
Hi Pallas, I'm pleased to see you are still enjoying working on this groundbreaking yet sadly underperforming and all but forgotten project.
I wish we had rebranded to Minicoin when we had the chance (and I wasted money grabbing the domains on behalf of the community).
Too bad TPTB refused to listen to reason when we mere users in the peanut gallery explained why Cryptonite is such a godawful, counterproductive, self-defeating name for the project.
Anyway....
I would very much appreciate it if you could ELI5 the difference between the mini-blockchain and a DAG (like Raiblocks).
In my dim, filthy casual understanding, XCN's mini-blockchain is somehow kind of like a type of proto-DAG but I'm having difficulty analyzing and articulating the technical bits.
TIA for educating and uplifting.
Thanks for your renovated support :-)
I remember the days of XCN renaming, though I was not a member of the team yet.
About DAG, it's kinda different tech. The DAG is about every client having its own chain, linked to the others. Mini-blockchain is about having a "snapshot" of the balances, instead of computing them from the full blockchain (or trusting someone to do it for you): this enables clients to start keeping the full blockchain from when they appeared on the network, or even later if they don't need full transaction data. Please see cryptonite.info for detailed description of the XCN custom tech over bitcoin base.