https://i.imgur.com/gMgqB14.png- What is PyChain?
PyChain is a Python-based Blockchain and is meant to provide two things:
-An easy-to-understand reference implementation of a PoS coin, so that even beginners can read and understand the code with ease.
-An easy-to-implement and easy-to-extend payment system with secure payment gateways for merchants and customers alike.
PyChain uses several bits of code from Bismuth, because it is an already excellent implementation of a Python-based dApp platform which provides many references for implementations used in non-dApp-platforms too.
PyChain aims to be transparent and honest. I, for myself, encountered many scammers in the crypto market and I want to do something about that. To satisfy the oncoming PyChain community, all teammembers and I will provide transparency about our funds, spendings, and development process in the best manner.
This project is NOT as flashy as most modern coins you can see. It is entirely built on the paradigm "Functionality over form" (We even lack a graphical designer yet)
- Technical Summary
- System: PoW until reference implementation for PoS is tested and ready to use
- Hashing algorithm: SHA224
- Signing algorithm: PKCS1_v1_5
- Transaction size: to be announced
- Mining reward: to be announced
- Difficulty: dynamically controlled
- Difficulty retarget: each block
- PoW rewards: 50,000,000 in total
- PoS rewards: to be announced
- Smallest unit: 0.00000001, similar to a Satoshi in Bitcoin
- Efficiency and readability optimized
- Asymmetric message and data encryption
- What purpose does PyChain have?
As mentioned above, PyChain is meant to provide an easy-to-understand reference implementation of a PoS / PoW coin in Python and will serve as a payment gateway for merchants and customers alike. Wallets for Windows and Linux(Debian based distros) are nearly ready to use.
MacOS, Android, iOS are planned.
- Exchanges?
Exchange listings are expensive. As we've got no funds, we have to rely on either free exchange listings or community supported listings.
To do this, we will provide full transparency on all transactions of our funds:
You, as an investor, can see how much we spend and for what.
As we need funds for exchange listings, we will have to do a fundraise:
Every 500 Satoshi nets you 1 PYCH.
=> 1 BTC = 200000 PYCH
This "presale" is limited to 10*200000= 2 Million PYCH, because this should be enough to list PYCH on exchanges such as Cryptobridge and Cryptopia.
To participate in this presale, please proceed as following:
- 1. Send me a message, either via Telegram, Discord or Bitcointalk PM, before you send BTC. This way, I can confirm a certain transaction is from you.
- 2. Send the corresponding amount of BTC to: 3GszLsAmQiEs1GrDMx7NALHgaKwqvh1kYP .
In case you're somehow concerned about that, please don't hesitate to communicate. I will answer as soon as possible via all communication channels listed below. - 3. As soon as the wallet is up and live, download it from the official github (listed below, links will be posted here too), send me your address and I'll send you the amount of PYCH you bought.
- Any questions or concerns? Get in touch!
For any kind of inquiries, either for hiring or any personal questions, don't hesitate to contact me!
admin@pychain.io or on any other of our communication channels.TIMELINE:
- 24.06.2018 - Development began
- 30.09.2018 - Bitcointalk ANN Thread
- 31.10.2018 - End of presale, release of stable Wallet V1
- November 2018 - Implementation Bitcoin-like RPC API and exchange listings
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you have little information to attract investors, for example, what are your personal interests? pre-mined?
