This is not a working project at the moment. When a full release is pushed, this tab will be removed.
Fund us by sending any amount of ETH to the following address:
0x82848c7C6Ae81CDbCD108D2C71A605a41Cfc2e42
A Turing-complete, general-purpose blockchain. Gas fees are dumb, so we switched to electric.
In newbie terms : A hive-mind computer, where every computer, as long as it does the work, can participate in making decisions for the network. Each computer in the hive-mind can make apps that every computer can now hold for free.
| Current proposal |
|---|
| Layer 1 mainnets and testnets |
| Lightning Networks |
| Turing-completeness |
| General-purpose computation |
| Hidden gas fees (electric) |
| Layer 2 support |
A general-purpose blockchain is a chain of digital signatures that avoid mediation of disputes and equate computational power over the network of peer-to-peer machines. This allows anyone to create decentralized applications for the peer-to-peer chain, accessible on the internet without centralized authority. In order to lower gas fees used for application computations, I devised a compute-based payment scheme.
Gas fees are too expensive and are the reason that many dApps cease to exist. Cutting these fees would create instability in network usage regulations and become a major handicap for the network. To enforce a strict fee environment, an electricity-based fee must be incorported into the mainnet.
Read the logic behind electric Fee Breakdown
| Port Number | Port Type | Magic Number |
|---|---|---|
| 1513 | Mainnet | 0x3039 |
| 1514 | Testnet 1 | 0x12fd1 |
| 1515 | Testnet 2 | 0x15b38 |
| 1516 | Testnet 3 | 0x1869f |
Mainnet --> A mainnet is the biggest hive-mind of computers. Testnets --> A testnet is a local test of the hive-mind for applications. The test-net clears up every day to allow experimentation without consequence.
Magic number --> To connect to a "net" (a group of consenting nodes), you need to know which network is being initiated. A magic number specifies which group of nodes you are accepting.
To join the peer-to-peer server:
>>> git clone 'https://www.github.com/VladUsatii/gemcoin'
>>> cd gemcoin
>>> # bash setup.sh # in production
>>> chmod +x main.py
>>> chmod +x add_key_NEW.py
>>> ./main.py # right now, this is what you runTo make a private key and save it to the chain:
>>> chmod +x add_key_NEW.py
>>> ./add_key_NEW.py generate key
Now that you've downloaded the genesis and cache and made a key, sync with the server:
>>> cd peers
>>> ./main.py # this will take hours
Read the Docs for sending data here: Sending Data
- Debug and audit my code
- Add support for subprotocols (maybe an on-chain downloadable library)
- Figure out how to compile spin (the programming language for Gemcoin's VM)
Created by Vlad Usatii @ youshould.readproduct.com