Re: [ANN][ICO] Tkeycoin - New Blockchain. Listing Date, Wallets & Mining
News Time!
So, today is the 8th of April. What does it mean? It means that we are going to uncover the long-awaited dates and events of the history of Tkeycoin project. We've been waiting for so long!
Exchange Listing
The official date of the EXMO listing is May 1, 2019. As you might have been already realized, the date has been chosen for a reason.
May 1, 1682 - Louis XIV solemnly opened the Paris Observatory;
May 1, 1776 - Weishaupt established secret Illuminati society in Bavaria;
May 1, 1851 - Opening of the first World Exhibition of technology and culture in London;
May 1, 1935 - first ever Canadian dollar has been released;
May 1, 2019 - TKEY cryptocurrency entered the first bidding ever in the project's history.
Making a history now
Network
TKEY network has been officially launched April 5, and now operates in a test mode. First or so-called genesis block has been created April 8, and consists of all the investors that have already sent the applications for fund transfer.
We carry on final security audits at the moment, improve blockchain stability, check its sustainability to the extreme conditions or attacks of a different kind. We understand that some of our investors hate to wait, but it's also important to understand that security is one of the essential parts of blockchain-projects. We need to have perfect security to do not repeat other projects mistakes.
Wallets
The development of Windows, MacOS & Linux wallets is now complete. We have to optimize the interface for a little as well as improve the usability of the installations. We have to mostly because we want you to have easy to understand, clear and convenient software. The wallets will become available on April 15, 2019.
Internal Transactions
Every Tkeycoin investor will get an ability to send and get TKEY cryptocurrency April 15, 2019, as well. This ability will become available with the release of wallets software for Windows, MacOS, and Linux. So, you can send and receive TKEY even before the EXMO listing.
Mining
The same is for mining. TKEY cryptocurrency will become available for mining starting April 15, 2019. We will publish the corresponding mining information, including mining reward and network technical characteristics soon. The most enthusiastic investors will mine a lot even before the exchange.
Educational Center
In the upcoming weeks, we will update our educational center. We are going to improve and simplified user interface, rearrange instructions and guides as well as add new products relevant information. Follow our educational center updates to do not miss mining instructions as well.
Conclusion
As a conclusion, we would mark once again that our team is working 24/7 and we do it for you above all. We want you to understand that you participate in the global project that carries a beneficial mission for the whole world.
In 7 days you will be able to test our products on different devices. We want you to be patient, have PC to mine and EXMO account to trade.
Stay with us, a great list of interesting solutions and new achievements is waiting ahead.
Sincerely yours,
Tkeycoin Team
Dear investors!
As promised, we start a series of articles about Tkeycoin mining and mining hardware. We will try to explain the process in detail and reply all the questions, if they arise. We kindly ask you not to ignore those publications and carefully read the info we provide.
To understand how mining process works in general, it is better to start with the basics. The pioneer here was the good old Bitcoin, which started to be mined back in 2009. The BTC mining technology did not really change during these 8 years - the process is still based on the Proof-Of-Work (PoW) principle and uses SHA-256 hashing algorithm.
By the way, Proof-Of-Work (PoW) existed long before the cryptocurrencies emerged, its main purpose being to create special math puzzles that required certain amount of time and resources to be solved. PoW was used to protect websites of DDOS-attacks and massive spam. In 2009 PoW was chosen by Satoshi Nakamoto for the nascent Bitcoin network, and in a few years it was already being used by millions of people for making good money.
How PoW algorithm works? The miner gets a certain math puzzle that requires spending computing power to be solved. Finding solution is a random guessing process, therefore the more computing power a miner possesses, the faster he will find the solution. The first miner to come up with the solution (to get a resulting hash) receives a certain amount of BTC as a reward for solving the block. The less lucky participants get their fraction of reward, too. It’s rather simple.
PoW principle may be compared to a class work, the teacher saying that the first student to solve the puzzle will get an A. Miners are like kids competing for an A (BTC reward). The computing power spent in the process is the amount of intellectual efforts the kids make to find the decision. Finally, the kid who comes up with the solution, gets the reward. The same happens in the Bitcoin network, though the puzzle difficulty level and the reward are different.
It looks rather simple. Naturally, millions of people all over the world soon got the idea and started to mine Bitcoins. As a result, once simple process started to get more and more complicated. There was a time, when you could mine Bitcoins with CPUs, using your home or office PC. At this stage few people knew about BTC - by the end of 2009 there were just a few hundreds of miners in the world. But the situation was changing quickly, and in the next year GPU-mining started. GPUs were faster to find the solution, and they were also cheaper, featuring the better value for money. In September 2010 GPU-mining went mainstream. A lot of people became suddenly aware that mining BTC was really profitable, therefore the number of miners increased greatly.
In the same month the first BTC mining pool was launched. In a matter of months the price of BTC skyrocketed from $1 to $20. Naturally, the difficulty of mining increased too - by November 2010 it reached 1 000 000 (compared with 10 000 in the end of 2009). In 2013 the price of BTC passed the $1000 mark. The first ASICs (customized mining hardware) emerged, meaning revolutionary changes for the market.
(We will talk about them in the next part of ‘TKEY mining explained’).
These days BTC mining is by far less available and profitable than it used to be. Solo mining hardly makes any sense now. If back in 2010 you could mine BTC with an normal home PC, now you need a powerful GPU-rig or the support of a mining pool to get some considerable profit. It is caused by such factors as the increased network difficulty, block reward reduction and fast mining hardware evolution. Originally, the reward for a block solved was 50BTC, now it’s just 12,5 BTC. The network difficulty increased from 10 000 in 2009 to 6 379 265 451 411 at the moment. And most of you are well-aware of the price of up-to-date mining hardware.
Why we are talking about all this? Why we dwell in detail on the Bitcoin mining? And who is Satoshi Nakamoto?
Actually, it all this makes sense if we consider the Bitcoin situation with the Tkeycoin network current state.
Mining Tkeycoin, as well as it was at the early stages of BTC history, will be really available to many, and you will be able to mine TKEY using your smartphone or a rather outdated home or office PC. You do not need to invest into costly mining hardware to get your share of TKEYs. We declared that TKEY mining will be accessible for almost everyone, and we meant it.
As you know from experience, the progress is unstoppable, therefore TKEY mining difficulty will inevitably grow with time, too. But, according to our experts, you won’t have to worry about it over the next 3 years or so.
For TKEY mining we use the updated and modified version of the PoW algorithm called mPoW. The basic principle is the same: the miners have a puzzle to solve, and get the reward when they succeed. But it’s important to know, that our protocol is free from many typical problems that plague the classical PoW. For instance,
Due to modular realization, selfish mining is made impossible;
Due to the network specific architecture, 51% Attack and Double Spending are made impossible;
mPoW-based mining is much less power-consuming;
The network is immune to quantum attacks.
Currently, the BTC-mining is not so decentralized as it was meant to be initially. Over 65% of Bitcoin hash power is now distributed between 5 major pools. Theoretically, they can make 51% attack on the network any time soon.
On the contrary, the Tkeycoin network is completely decentralized. No monopolies will interfere with your solo mining at home, using an ordinary PC.
That is all for today. Later we will talk about SHA256 hashing algorithm, review the current ASIC market situation, suggest the best hardware for TKEY-mining and talk about mining profitability calculators.
Don’t miss the next part of ‘TKEY mining explained’!
See you soon!
Your Tkeycoin Team
We have launched the network. We have published the wallet release date. We have announced the day of EXMO listing. And now we are happy to introduce Tkeycoin IPEO!
IPEO or so-called Initial Pre-Exchange Offer is your only and last chance to buy TKEY before the exchange listing. Same to ICO period, you can buy any amount of coins starting from 100 TCD. And, of course, there is a bonus system that is changeable depending on the sum of your purchase.
I.e., if you buy TCD, you get 3% as a bonus; 2000 TCD - 12%; 8000 TCD - 17%, and if you buy more than 10001 TCD - as big as 22%. IPEO will last until the EXMO listing and ends April 30, 2019. Total coins supply - 10,000,000 TCD.
You can find detailed information in IPEO section in your account.
And for a personal account - it has changed a lot. Tkeycoin market is now your bridge to the new decentralized stage of the project. There are a lot of new sections and menu items. I.e., 'Mining' section will consist of instructions, software download links and other relevant information about mining starting 15 of April. The 'Exchange' section will become available slightly later, after the exchange listing. You will find all the exchange-relevant information there including sign up guides, helpful tips, advices and so on.
Network section will offer wallets download links for different platforms and systems, step-by-step guides and other info about TKEY network. And, of course, 'Transfer Funds' section will remain in the menu until May 26 so that all the investors complete TCD to TKEY exchange.
In other words, now everything will be packed in one place, at one website so that you will be able to participate in IPEO, change TCD into TKEY, download wallets, start mining, follow instructions and so on.
Tkeycoin market will forever stop functioning June 1 - this will mark a new decentralized stage of Tkeycoin project.
Participate in IPEO, hurry up and get TCD with the last bonus, wait for the upcoming news - the most exciting things begin.
Your Tkeycoin Team