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Board Announcements (Altcoins)
Re: [ANN][SCRYPT] CRYPTON - new blockchain
by
cryptoncoin
on 17/04/2018, 22:07:50 UTC
Quote from: Alundari on April 17, 2018, 06:28:04 PM
I have never seen a shitcoin this awful before. Not exaggerating, this is probably the worst buy in crypto history.

Let's have some fun with this one. Here's some math.

>Here's why the mining sucks and is worthless
Block rewards = 500 per 30 seconds.
Circulating supply = 10^15 coins
Time to mine 1% of circulating supply with 100% of block rewards --> (10^13)/16.666667 coins per second = 6*10^11 seconds or about 19000 years. So good fucking luck with that.


>Here's why the premine is infinitely worse than the mining
Total supply = 10^70 coins
Premine= .5% = 5 * 10^68 coins
Circulating supply = 10^15 coins
Premine/Circulating Supply = 5*10^53 times LARGER than the circulating supply
Total atoms in the solar system ~ 10^56


Which means that the entire circulating supply is roughly equivalent to a single atom in the entire solar system, and the premine is equivalent to all the other atoms in the solar system combined. Don't buy or mine this trash.

First of all thanks for your reply.
It's really fun when you give examples comparable to the scales of universe  Smiley
Ok. Let's talk about it.
Total supply, premine and circulating supply doesn't matter for several reasons:
1) There are tons of currencies that use POS, DPOS and another concepts, that are totally "pre-mined" like ripple, stellar, eos, cardano, iota and much more. Why you don't troll them?)
2) Even if 1 CRN costs 1 sat (10^-8 BTC), miners will bring revenue approximately at 150 USD/per day. Is it bad with the lowest price?
3) We are interested in keeping lowest price per CRN to make transactions as low cost as possible and it is part of our concept.
4) Total supply can be extrapolated to infinity and we don't see anything terrible related to this. It's not necessary to mine all coins. We need only projected inflation.

Time will tell whether this is shitcoin or not Smiley
When CRN applies to an exchange we will give a handful of CRNs Smiley
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Board Announcements (Altcoins)
Re: [ANN] CRYPTON - new blockchain
by
cryptoncoin
on 16/04/2018, 19:38:55 UTC
Quote from: pickaxe.space on April 16, 2018, 12:30:22 PM
Compiled linux wallet?

It is better to compile from GitHub.
We have already compiled version for Windows.
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Board Announcements (Altcoins)
Re: [ANN] CRYPTON - new blockchain
by
cryptoncoin
on 16/04/2018, 12:50:41 UTC
Quote from: Starxoff on April 16, 2018, 12:42:43 PM
The 1st block was generated 6 days ago! LOL
http://explorer.crncoin.io/block/2695f4a5a566014653cf7599d26776aaef12cb771ad0ce1e4bdcd5572ce7f406

Now it's more than 36000 blocks have been premined.

Good luck, guys!

 Grin

Yep, we don't hide this info. Look at tech block. This is a part of the concept  Wink
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Board Announcements (Altcoins)
Re: [ANN] CRYPTON - new blockchain
by
cryptoncoin
on 16/04/2018, 12:44:13 UTC
Quote from: olkah on April 16, 2018, 12:39:07 PM
Quote from: cryptoncoin on April 16, 2018, 12:36:12 PM
Quote from: olkah on April 16, 2018, 12:32:36 PM
Pool  Huh Huh Huh

We would like to include more mining pools. At the moment we have huge data center that makes our network stable.
Windows wallet  Huh Huh Huh Huh

fixed
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Topic
Board Announcements (Altcoins)
Re: [ANN] CRYPTON - new blockchain
by
cryptoncoin
on 16/04/2018, 12:36:12 UTC
Quote from: olkah on April 16, 2018, 12:32:36 PM
Pool  Huh Huh Huh

We would like to include more mining pools. At the moment we have huge data center that makes our network stable.
Post
Topic
Board Announcements (Altcoins)
[ANN][SCRYPT] CRYPTON - new blockchain
by
cryptoncoin
on 16/04/2018, 12:29:47 UTC
CRYPTON
Crypton is the next generation blokchain and overlay smart contract network, focused on speed, security and flexibility.

  • Faster transactions
  • Smarter Contracts
  • Low costs
  • Flex blockchain

BLOCKCHAIN ISSUES
Current Blockchains are broken and we can't rely on them in enterprise systems.

  • Slow transactions
  • Low network
 bandwidth
  • Expensive
 commission
  • Limitations and security 
of smart contracts


CRYPTON SOLUTIONS
Crypton is a backbone for real world and internet services, it enables companies to explore new b2b or b2c models by making every resource to be traded on an open market in real time, with extremely low fees.

  • Low 
commission
  • POW 
concept
  • Faster
speed
  • Larger number 
of transactions
  • A new type
of smart contracts


CRYPTON ROADMAP
Explore a timeline showing the development of the project, and learn more about its goals and vision.

  • Stage 1: Q3 2018 - Android and IOs apps release
  • Stage 2: Q4 2018 - API for apps and blockchains, Crypton JS Virtual Machine for smart contracts
  • Stage 3: Q1 2019 - Visual programming tool for Smart Contracts. Blockchain Academy
  • Stage 4: Q3 2019 - Crypton banks and cards, Crypton worldwide network


TECHNICAL INFORMATION
  • Concept: POW
  • Kernel algorithm: SCRYPT
  • Abbreviation: CRN
  • Block Speed: 30 sec
  • Block reward: 500 CRN
  • Circulating supply: 1 000 000 000 000 000 CRN
  • Pre-mine: < 0.1%
  • Total supply: 10^70 CRN

OFFICIAL INFORMATION