Specs

Name: NGIN
Ticker: NG
Consesus Algo: CRYPTONIGHT-GO
Block Time: ≈ 10 sec
Total Block Reward: 10 NG
Total Supply: infinite
Port: 52520
Premine: NO
Presale: TODO
Smart Contract Standards: WASM

the latest ngWeekly

http://ngin.cash/ngweekly/july2nd/

 if there is anything uncomprehensible or maybe misunderstanding, please tell us or directly comment on website!

 

对公的应用，没报道必要。从出教程和书还有合作来看过的比大家想象的要来的滋润。

先说下对第一个想法的看法。

这个想法从理论角度是很好的，所以也有那么多同类（类似）项目。我记得之前有个卷钱项目好像叫火牛的也是这样的噱头，对标douyin。

但是我个人使用下来感觉链上的存储还不成熟，甚至说基本上不太可能，大部分可行的都是将链作为索引（ipfs）或者分发平台（sia storj）。这样一来本质上还是利用的p2p网络。而区块链上除了ipfs的libp2p的p2p协议支持情况比较全面以外像btc和eth都是比较简单且定制的。关于改造ipfs，我今年上半年在上海看招聘平台就看到有个名字很像的企业（项目？）在招人，我调侃了一下结果还真是偷ipfs的。而如果真的是要做明星应用级别的，低端节点只会拖后腿，高端节点堪比数据中心，有的是单子可以接为什么要来投资区块链项目？部署哪个链上，我觉得这不太好，除非只做代币然后提供中心化服务。想要去中心的应用我觉得还是得依赖自己的链。

说下商业运作。BAT的确是个好项目，它的Brave浏览器我已经拿来当副浏览器用了，而且把地点切换到美区之后真的能有收入（但是不能转出，似乎只能打赏给网站，一次推送给0.3+rmb），BAT的落地应该能更多点，毕竟那么多广告……。但是有个bittube的项目（POW），它目标就是youtube on chain，之前是纯PoW（CN的variant）所以我就有挖过，但是后来根据矿工给我的说法是它上线视频网站后，似乎是发视频有奖励还是看视频也能有币奖励，反正它的币就被发视频的撸秃了，具体什么情况我不太清楚，但是币价之后是一直在跌（之前一直涨的）。

说到币价我觉得应该说下你的第二个idea。先说说为什么要放弃PoW，电费环保这个是个明眼人都知道是瞎扯别的行业浪费电浪费资源更厉害，电费还能保证成本。放弃PoW的最大的原因是阵营分化，难听点就是代码更新容易分赃不均导致项目难进展。PoS就能够将投票权给持币人或者说项目进展方向向持币人靠拢，但是你要理解你的持币人都是群什么人——唯利是图，相比有成本的PoW，Staking真的已经是白送了，何必再交出来。对大部分人来说介绍币如何分配，币什么技术都没什么必要，涨的币才是好币，你再多个token除了说你想再多个市场割韭菜别的没什么好处。相比之下，还不如花心思在让矿池和币更加分散化上。参考上面的bittube。

We are glad that you like our first weekly report.

We have no publish experience so we just recorded what have done and what would be done, if there is anything uncomprehensible or maybe misunderstanding, please tell us!

From now on, we will start using this account and upgrade it, to reach the level that can post img here // it's painful that unable to use pic to state product for a non-native English speaker...

Let me see...  still "Newbie". Seems a long way to go.

start getting MN reward before fork! Same reward but PoW reward havent been half now, just need to run a ngind node and ngFuncNode.

Github Release Here https://github.com/NginProject/ngFuncNode/releases/tag/v0.0.1

ngFuncNode (currently same to MasterNode) client-side code has been uploaded into github.

Still in alpha test.

UPGRADING, WE WOULD ANN AGAIN WITH NEW STYLE.

CHAIN WONT CHANGE.

PEOPLE WHO HAVE MORE THAN 120,000 NG CAN TAKE PART IN THE ALPHA TEST FOR NGIN MASTERNODE.

Some matters in Nov

1. Buy Ngin back for market

Who is 0x7425 and what price can you sell some ngin? Plz dm me.
Or any other wanna sell some plz dm me with your price

2. Web Wallet release

3. Some asked about our MN design and threshold frequently

In origin(Lev's) plan, threshold is 1/50 of current total supply and calc the threshold every era (around every week).
And I add that only 20 nodes can be registered into the network.

Our MNs will run part of search engine and related services, so require more disk storage and bandwidth.

All above are just as draft. According to the code realizattion specific decisions.

4. Exchange Soon

M00N S00N  

MAINNET has been stablely worked for around one month.

Web Wallet will be released and test in this week.

How to illustrate the large hashrate in solomining?

1. the data everyone know about hashrate is from https://explorer.ngin.cash/stats/miner_hashrate . Its NOT a result of ONE DEVICE, every block may present a lot of nodes (we totally have around 150 running nodes, thanks community). You can use the same privatekey in 10 machines and you will get 10 times hashrate than one machine hashrate showed in page.

2. As I know, which I think you cpu miners must know more, some asian teams have their cpu mining farm which can reach a great hashrate with some simple commands and mining new coins without cost.

3. To be honest, I really wanna get continuous mining in company...

4. We encourage VPS mining, so M00N algo is optimized for low-end VPS. But we have no method to block high-end machine mining.

Honest is the most important.

Thanks for tolerating our slow progress.

errrrr, your answers are here, maybe late but we have to illuminate.

1. This project is in premature birth. So it expose lots bugs in this half month. In plan it should be released in Nov. It is a fork of go-ethereum, but be modified among most codes.

2. If anyone need pool software, we can share at first time. HOWEVER IT'S MEANINGLESS. We havent build the mining rig. Nobody can start mining in pool without rigs. But we developers are getting headache on bugfix and having few time for building. If you watch the "github" channel in Discord you will understand. Or as we said in "mining-dev" channel, we are welcome that anyone can build a new miner.

3. We are just taking some small VPS mining for bug reproduce. As for the speed ... you guys can take a look at the time lag between block #1 ~ #10. It's hard to mine a block with low-end machines.

4. Our teammembers are all dev now, so nobody enjoy talking a lot ... Maybe its not a good phenomenon, we will consider employ one to talk and answer.

5. Someone gets error on building the ngind. We have updated the README for you. The simpliest way is git clone and then in project folder, the go mod will auto download the dependencies . For windows users, you can follow the steps in appveypr.yml.

That's all. 

Search engines are at the heart of the Internet. In order to embrace the new century of blockchain and serve each user, we decide to build a new search engine based on blockchain technology and named it "Ngin" (pronounced "Engine" ).

What are the advantages of a blockchain-based search engine?
1. It's completely free and doesn't require any tracking or registration.
2. There is no advertisement at all.
3. Every corner has encryption.
4. More business development. (born from an internal project and will work with other traditional companies)
5. Iterative proof changes (PoW - > MN + PoW - > MN + PoF) will gain more users and support, with more potential
6. Not a scam
7. More services on the search engine
8. Fair mining, CPU only
9. More and more


Now briefly describe it.

In this chain, each miner needs to do the job of acting as a "search engine spider", the PoF (acquisition certificate) of the miners' will. When running the mining software, everyone collects the URLs and information of the web pages from the source website, which can be decided by the miners and then push those URLs to the blockchain. To get rid of the push scam, the blockchain system will check every page and every URL and detail. The validation rule is that the url&page will be sent to each MN, and if more than 10 other nodes check 10 blocks, the miner will be rewarded. Therefore, by constantly pushing the site and details into the chain, they will get considerable benefits from the chain.



But in the face of the current situation of cryptocurrency depression, for the initialization phase of the project, we will first choose PoW to attract more participants.

For users who just want to search instead of joining, they can use Google to freely search for what they want. For those who want to do more and get more out of it, they can use tokens from mining to get more advanced search capabilities. What is the search function? For example, historical web page views, search within a limited time frame, more reliable or user-friendly answers, and more.

Due to the importance and future development of search engines on the blockchain, and for the deployment of future features such as PoF, we do not choose to host on any existing public chain. So we decided to build from the bottom. As a result, our team may need a lot of time and money. But we will bear all the pressure and try our best to launch a new kingdom like Google.

In addition, like Google, we build more services behind the main network and provide apis for vendors. Everyone can connect to the new blockchain world through our Ngin.








About the M00N algorithm
M00N can be seen as a variant of the CryptoNight algorithm, with sufficient fairness between the CPU mining camp and the GPU mining camp. But it is well known that all algorithms are circumvented by ASIC, so we will update the M00N algorithm every six months, update its series and parallel processes and sub-algorithms to ensure sufficient ASIC resistance.


About team support
First we recognize that some of our members work together – which tends to be more efficient. However, due to globalization and security considerations, we also have some foreign members, and we also expect others on GitHub to participate in the Ngin project.

Our work is mainly supported by the company - but this does not mean that this is a company product, we just have the investment of the main company and other friendly, in essence we are still an open source community team. However, after the product is formed, based on past experience, the main company will have the possibility to take the initiative to take over and take over.

In addition, due to the team's fairness, the initial team did not pre-dig or pre-sell. However, in order to reflect the value of team work at the product level, the team guarantees that after the exchange, it will use the company's investment funds to repurchase Ngin of 5% of the current liquidity, and always guarantee the percentage. Therefore, for investing in digital currencies, Ngin is worth holding for a long time.

Search engine is the core of internet. To hug the new century of blockchain and serve every user, we (four members now) decide to build a new search engine based on blockchain technology, and name it "Ngin"(speak as engine).

What's the advantage of a search engine on blockchain?
1. Truely free, without any track or register required.
2. No ads at all.
3. Crypto on each corner.
4. More business development. (Born from an internal project, and will get cooperation with some other traditional company)
5. The change on proof will gain more user and support (PoW -> MN + PoW -> MN + PoF)
6. Not scam
7. More services on search engine
8. More and more

Now simply describe it.

In this chain, the work of every miner need to do is acting as an "search engine spider", aka PoF(Proof of Fetch), the miner will . While running the mining software, everyone will gather webpage's url & info from a source url which can be desided by miner, and then push these to the blockchain. To get rid of scam on pushing, the blockchain system will check every page and each url & detail. The rule of verification is that the url & page will be sent to each MN, and if passing more than 10 other nodes' check on 10 block, the miner will get rewards. So with consistently pushing sites and detail to the chain, they would gain considerable benefit from chain.

Have to say that, for initialization, we will choose the PoW at first to gather more attention.

For user, who just want to search rather than join, they can freely search what they want like using google. For people who want to do more and gain more, they can use their token which are from mining to get more advanced search function. What’s the search function? For example, history webpage view, searching in a limited time range, more reliable or user-friendly answer, and so on.

Due to the significance and future development of a search engine on blockchain, we DO NOT choose to host on any existing public chain. So we decide to build on floor. As the result, it maybe takes a lot of time and capital from our team. But we would afford all pressure on the way, and try our best to produre a new kingdom like Google.

Also, to be like Google, we would build more services and provide api for vendors after the mainnet. Everyone would be able to connect to the new blockchain world through our Ngin.

NO ICO, NO PREMINE
Discord: https://discord.gg/xxr748Y

ALREADY RELEASED, M00N SOON