Canada eCoin [CDN] Is Emerging With A Resurgence In Development And A Community Takeover…

Originally Launched in March of 2014 Canada eCoin [CDN] is a scrypt algorithm digital currency with merge mine-able support that over the course of the last year has seen it’s share of challenges within the cryptocurrency ecosystem.

The original developers seem to have all but given up on the project over the course of the last few months but just recently their has been a resurgence of this coin as it looks as if community members have taken over the development moving forward…

Community members have released the following statement with regards to Canada eCoin [CDN]:

“Please keep in mind, we are not the creators of the Canada eCoin [CDN] nor are we affiliated. We are just interested parties who wish we would have seen more from this coin from the start. So, we are going to do what we think should have been done in the first place. We are not aware of what happened to the original creators of this coin and we hope we are not stepping on any ones toes as
the community will take over development path of Canada eCoin [CDN] from this point on. Thanks for all the support from community members around the world, it is obvious we are all now on the right path.”

“DISCLAIMER: We are not affiliated in any way with the owners/creators of the Canada eCoin project or with any government or government agency. We are all Canadians, this is a team thing.

TO THE NAYSAYER: We don’t believe our coin or any other are intentionally created to be used for bad things. We think that the abilities wrapped up within a blockchain are exciting and interesting. We also believe that when governments around the world learn how to use one properly they will be joining in on all the fun.”

New developers of Canada eCoin [CDN] are currently working on bringing applications together to serve as consensus gathering and distribution tools, a general forum and will also be updating the core of Canada eCoin [CDN] to include all bug fixes from it’s mother-coin Litecoin.

Developers are planning to create the Canada eCoin Foundation for tracking of projects, people and funding and will be asking the users of the Canada eCoin to vote forward the features and structure of the organization. The Canada eCoin team encourages all users to join the Canada eCoin Foundation when launched as it will serve as a body for a unified voice.

Details of specific applications and time-lines are unpublished currently due to re-organization and schedule changes which depend on funding and manpower. As the foundation gets established all of these details will become public knowledge and consensus driven.

Developers further state:

“Patience is appreciated as we are all family oriented employees who donate their time to do this work out of the goodness of our hearts. We are working for free now so our children can be free later.“

A published ‘birds eye view’ of a work-path for expanding blockchain technology into service delivery using Canada eCoin and Ethereum as public ledgers with the intention of creating GigaGeek DAO, a peer-to-peer service delivery platform which will be publicly owned using a third blockchain (Asset, GigaGeek Peer Share) http://todo.ourcoin.ca

Addition of Canada eCoin CDN into Coinomi (Universal Bitcoin Wallet & the launch of two Mercury Servers (more Electrum) has been successful giving Canada eCoin CDN an extra boost in it’s goal of also being added to ShapeShift.io in the near future.

Developers are also working on a community social network using BitVote and Ethereum for consensus gathering, a rewards program for contributors (and on/off-line verification) as well as a new Twitter-Bot to engage users and give away Canada eCoins (@CanadaeCoin)

They also have outlined a road map here for more information: https://github.com/CanadaeCoin/announcements/blob/master/ann-cdn e08-25-2015.md

The new regime of developers stem from GigaGeek headed by Jason (koad) Zvaniga (owner & operator of GigaGeek Industries, a digital living concierge and consultancy company)

About The Developers:
“We are a team of Bitcoin enthusiasts that came together to pick up where the creators of the Canada eCoin project left off. We have been working on this project like it’s our full time job because we are excited about the blockchain and the possibilities it affords our evolution in and out of the financial sector”

Canada eCoin runs 20x faster than Bitcoin. This results in lightening fast confirmations so Canada eCoin can be used in face-to-face retail with ease. Canada eCoin’s 30 second block target means you can have 10 confirmations within 5 minutes.

The Canada eCoin and Sidechain Development Team, est 2015 is User Experience Centric. This means that the main focus in the development of this bleeding edge technology will always be based around the comfort and trust of the user.

Along with the standard Bitcoin style apps that are well known and easy to use, Canada eCoin has many projects evolving to help make it superior to those who are new to the cryptocoin world while making it super effective and efficient for the expert.

Canada eCoin is an open-source cryptography project featuring a public blockchain, merged-mining support and an all Canadian advanced multi-agenda research and development team.

Specifications:
Operating Metrics:
– 30 second block/confirmation target
– 100 million coins total
– Mining Algorithm: Scrypt – Merged minable as per Unified Scrypt Coin (USC)      codebase (DEC-2013)
– 120 block maturity
– block halving interval: every 500,000 blocks (or about every 173.6 days)
– difficulty adjustment target: once daily

Network Ports:
– Mainnet – RPC:34331 – P2P:34330
– Testnet – RPC:41331 – P2P:41330

Canada eCoin can currently be traded on Bleutrade exchange and is in the process of being voted onto Cryptsy and Cryptfolio and now has a live pool at http://pool.canadaecoin.ca

Canada eCoin [CDN] also has plans to collaborate with a number of projects within the ecosystem moving forward into the future though nothing is in concrete just yet… developers have been reviewing collaboration with start-ups Bountyshares, CoinRaQ and others that can show a solid, consensus based, use case driven nature to projects.

In conclusion Canada eCoin has always performed well technically in retrospect but has faced some challenges along the way as many coins including Bitcoin have over the last couple of years.

However, Canada eCoin has weathered those challenges and through it’s dedicated community and development team it looks as if Canada eCoin has a very bright future and should be considered a solid cryptocurrency that has stood the test of time unlike many coins “THAT HAVE COME AND GONE”
ceasing to exist within a 30 day time span…

Canada eCoin has shown to have staying power and the trust of a hard working community who has managed to keep Canada eCoin “ALIVE and KICKING”.


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Founded August 10, 2014 , Burstcoin [BURST] uses a unique algorithm called Proof of Capacity or (PoC), which utilizes unused hard disk drive space instead of a processor or graphics card while mining for BURST. Miners can pre-generate chunks of data known as ‘plots’ which are then saved to the hard disk. The number of plots stored is effectively the mining speed. Every block a miner skims through saved plots and calculates an amount of time until it is able to mine a block if another block hasn’t yet been found. Plots only need be generated once with a computer processor unit (CPU) or graphic card (GPU) making BURST hardware and energy friendly.

BURST is for everyone, ASICS will never be more efficient than spare hard disk space running mining operations in the background while a PC is powered on.

The way BURST works is like this, miners generate and cache chunks of data known as ‘plots’, which are divided into 4096 portions known as ‘scoops’.

Plots are generated by taking a public address and a nonce, then hashing it, pre-appending the resulting hash, repeating the hash-pre-append cycle many times, and then hashing the whole thing and xor’ing the last hash with the whole thing.

Lots are staggered together so chunks of the same scoop number are together, then written to disk.

Each block has a generation signature which is derived only from the previous block’s generation signature and miner, so it is difficult to manipulate.

When mining, the scoop number to be used for a block is derived from the generation signature and the block height, so the miner reads all relevant scoops (each plot will have 1 relevant scoop, and staggering allows for larger sequential read with less seeking). Only 0.024% of the stored data will need to be read each block.

The generation signature is hashed with each scoop. Eight bytes are taken from the hash, then divided by a scaling factor (inverse difficulty). The resulting number is a number of seconds. If that many seconds passes since the last block without a new one, the address/nonce combination used to generate that plot/scoop is eligible to announce a new block.

Then the miner’s hardware can just sit idle until a new block is announced. The address/nonce is included in the block as proof of eligibility, and the block is signed by that address.

Technically, this mining process can be mined PoW-style, however mining it as intended will yield thousands of times the hashrate, and your hardware will sit idle most of the time.

Continuously hashing until a block is found is unnecessary, as waiting long enough will cause any nonce to eventually become valid.

BURST is not only the first Proof of Capacity (PoC) currency additionally there are no clones are in existence as of yet,  but since the launch in mid-August 2014 the main developer has put immense effort on improving BURST. Often the coin is referred to as simply BURST, as that is the handle on the exchanges.

Recently, with the announcement of BURST being the first and only HDD-mining coin, they have also announced that it has now also become the first cryptocurrency to implement Smart Contracts within a live environment.

You have probably heard of Smart Contracts as Ethereum and Counterparty have been in the limelight with regards to implementing Smart Contracts which both are still in development. However, you can now start writing Smart Contracts with BURST today.

Users today are discovering that Bitcoin is not anonymous but pseudonymous, able to be tracked and traced by third parties with the right resources.

BURST has now also addressed this problem with a solution known as atomic cross chain transactions which is considered to be decentralized trading between different currency platforms. Users can trade BURST with a coin that provides a mixing service for the purposes of privacy, then sends it right back to a new BURST account with no third party interference. Recently this has been successfully achieved by both BURST and QORA another second generation cryptocurrency.

As BURST enters it’s second year it looks as if developers have big plans and are celebrating the 1 year anniversary of BURST by unveiling these new developments to start the new year off in the right direction.

As a community let’s all wish BURST a Happy 1st Birthday and give the new HDD wallets a spin and start cutting back on those high electric bills!!

Bitcoin doublers, gambling, betting, trading bots, investments and other methods of so called “bitcoin opportunities” abound on the internet today. All claim to be safe and secure ways of increasing your bitcoin stash.

After evaluating different so called opportunities, There is one particularly more reliable than most, though loss is still possible.

BTCjam has the mission statement that they “make credit affordable and accessible everywhere.”

BTCjam has provided more than $13 million dollars in over 15,000 loans, and due to the very nature of bitcoin, individuals that may not have the opportunity or access to loans can in many instances, apply for a loan and receive the funds in a matter of a few days.

BTCjam works in two separate areas: borrowing and investing, each has slightly different requirements and risk and rewards vary.

As a borrower, you first set up an account and then, through a verification process start to establish a credit rating.

The process involves verifying through social media platforms including Facebook, LinkedIn, BTC Talk and various others; services like Coinbase, PayPal and Ebay, your address, personal identification, income, banking and credit card information and other details.

As each becomes verified your credit rating increases. This author completed all but two verifications and received a C+ credit score. As an investor, these options are available and recommended, but not required.

Once one has reached minimum verification requirements, including address, a loan application can be completed and submitted.

The major negative for borrowers in the interest rate for those with low credit scores and can be greater than 50% if there is no borrowing or investing history and a minimum D- credit score.

This, of course, is a means to encourage investors and offset a greater likelihood of default. It must be stated, that the more information that is verified, the easier and more economical the interest rates.

As an example let’s say an individual applies for a business investment loan of 0.75 BTC, in order to secure new hosting for development of 5 new free coin faucets as well as a reserve for scaling up to faster and more reliable hosting. It would take an estimated 30 hours to reach 100% of the loan goal, and after accepting an interest rate of say 17.85%, an individual would receive funds deposited into a bank account in less than 4 days after completing the loan application.

The service has shown to be simple, and fairly painless, and after setting up an account simply requires the deposit of some bitcoin.

Once you have some working capital, visit the ‘Browse Listings’ and review loan application. You will see the amount, purpose, interest rate, repayment schedule, yield and the credit rating.

Those with an A credit rating and solid history can receive loans with the low interest rate of 2.85% annually; whereas the highest risk loans can be 50% or greater.

Deciding who to invest in may be a science or an art, depending on who you ask and many investors make it clear they have their own personal strategies.

Loans fund, or become available to the borrower once they are 70% funded, and can remain open for 14 days. The borrower can choose to activate or accept the loan once the minimum investment percentage is met, though they can wait until it is 100% funded or the application deadline has been reached.

The dashboard for both borrowers and investors is pretty simple to use with two exceptions. The first allows you to give or receive references to other users, and it is difficult to figure out how to request a reference from someone that is not showing on your suggestions page. The second is determining if a loan has been accepted by the borrower.

Viewing your loan, payments to be made, investments and other important information is simple and clear. When reviewing ones loans, the dashboard provides easy click payment options, a calendar for payment dates and amounts paid for principle and interest.

For the investor, similar data is available and one really nice feature is the Payments/Status section which tells you graphically how many payments are due in total and how many have been received already. In a few seconds it is clear how each investment is doing.

BTCjam offers an auto investing feature, which currently is yielding better than 19% and is very simple to set up and use. This is a data driven method that helps to reduce overall risk through diversification while increasing investment profit.

In addition to the auto investing, there is a ‘Notes’ market that allows you to sell and purchase investment ‘notes’ in a simple commodity styled format.

The future looks strong for bitcoin and those businesses that follow and innovate in the Satoshi Nakamoto mentality.

BTCjam provides a simple yet effective service, and because of this simplicity, it has been successful in spreading the decentralized economic theme around the world.

According to the BTCjam website, borrowers have received loans in more than 200 countries. Based in the Silicon Valley, the founders and staff are dedicated and highly respected and are clearly motivated to continually move forward in this bold new era.

Poloniex a very popular U.S. based cryptocurrency trading exchange platform will block New York residents from services beginning August 8th 2015. Users of the site have been issued an email warning letting them know they must remove funds if they reside in NY.

“In accordance with the New York State Department of Financial Services, Poloniex will no longer be allowed to provide services to residents of the State of New York starting on August 8th, 2015. If you are a resident of New York, please take appropriate measures to withdraw your funds by 11:59pm Eastern Daylight Time on August 7th, 2015. For more information or for further assistance, please contact our support staff by going to poloniex.freshdesk.com.”
— Poloniex Bitcoin Exchange

On the 24 of June the BitLicense was adopted by New York legislation and is now recognized by The New York State Department of Financial Services (NYDFS).

Bitcoin and virtual currency businesses must apply for a license within 45 days from its initial announcement of which August 8th is the deadline for all virtual currency operations to comply.

“Any person engaged in virtual currency business activity that fails to submit an application for a license within 45 days of the effective date of this regulation shall be deemed to be conducting unlicensed virtual currency business activity.”
— BitLicense Transcript

Recently, Shapeshift another very popular cryptocurrency exchange based in Switzerland also blocked services in the State of New York in protest of the BitLicense.

Founder Erik Voorhees believes the license is unethical, and exposes personal user information creating Please Protect Consumers in protest against mass data collection and sharing of personal user information. ShapeShift was praised by many in the Bitcoin community for it’s stance against state regulation and data collection.

Andreas Antonopoulos tweeted to fans after this announcement and his perception of what Shapeshift accomplished:

“Kudos to ShapeShift for refusing to become a honeypot of PII just to satisfy NY regulators.”
— Andreas Antonopoulos

Data collection is believed by the community to be unethical after revelations recently revealed by Edward Snowden about the illegal surveilance of millions of America citizens by the NSA.

More companies are expected to follow Shapeshift and Poloniex in protest of unethical as well as unconstitutional and unreasonable regulation. Let this message speak loud and clear to other states such as California that these types of unwarranted regulations will only stifle innovation and most likely block your state from participating in the development of an amazing and phenomenal technology.

Nicholas Guccione is the youngest son of the late Bob Guccione Founder of PENTHOUSE and OMNI Magazines and General Media International.
The launch of GuccioneCoin [GCC] is a one of a kind cryptocurrency with a gigantic built-in community primed for the benefits of decentralized, anonymous, low cost blockchain technology.
Nicholas Guccione began his Crypto-Research a little over a year ago. He has helped a few Cryptocurrencies and the coinciding Development Teams primarily through endorsements.  After spending a lifetime growing up around PENTHOUSE he knew the importance of Payment Processors and the Banks that they represent.
Nicholas noticed one of the major failure points in the payments system in regards to subscriptions or other items purchased through PENTHOUSE was the lack of anonymity when utilizing Credit Cards. The customers privacy goes out the window.
From the beginning Nicholas noticed that there could be benefits in using CryptoCurrency instead of traditional methods of banking such as with high interest Credit Cards.
He also noticed that they could be used for micro purchases which Credit Cards still have not been able to achieve due to their fee structure. Protecting the anonymity of customers in the high end Erotica industry is very important.
This can be accomplished and still fall within compliance of the Global KYC/AML Guidelines.
Cryptocurrencies can allow for Micro-Purchases of digital content. These are some of the reasons that Guccionecoin was created. Nicholas has been working successfully for over a year obtaining digital content and media to be used inside some of the first editions of the Online Magazine that he is planning on building.
This Online Magazine will be built in the Spirit of PENTHOUSE and possibly called ‘Pure Guccione’ which is currently the leading title.
Nicholas realizes that there is plenty of competition out there in regards to adult entertainment that is free. In fact most all of it is free. However none of it can compare with the quality of the experience you get from viewing HD Media plus high end live Streaming 3D Video and movies.
The plan here is to create a market with GuccioneCoin, while continuing to build the Online Magazine which is a separate Guccione project that will accept Guccionecoin [GCC] as a merchant for payment on both a large and micro purchase scale of new and existing digital content.
Nicholas Guccione will be starring in a reality show this coming Winter 2015. The reality show will cover his daily life including GuccioneCoin and the building of the Online Magazine. It will also delve into his very private past, dating back to the early 1980’s when his father was one of the 400 most richest men in the world.
It will cover his early experiences when he first began working in the Mailroom at PENTHOUSE INTERNATIONAL to nearly 20 years later when he became the CEO of PENTHOUSE VIDEO.
The crypto-ecosystem could not have a greater person than Nicholas Guccione joining its ranks as a staunch advocate of cryptocurrency.
He has also had the pleasure over the last year to meet and work with TIT Developer Edward Mansfield and Patrick McDonnell ‘The Coyote of Wall Street’ and is also close to the Italian owner of The BitCoin Garden, Secco from Tuscany one of Bitcoin’s finest gentleman and experts.
The technical aspects and allocation of all data for Guccionecoin [GCC] will be covered in the white paper that has now had its due date extended until possibly Fall of 2015.
Everyone is welcome to join in the development of Guccionecoin and become part of the team today!

The creation of the cryptocurrency has led to innovation, creation and even financial reform. There are a multitude of coins being released, though some have real power for change.

Kobocoin (KOBO), founded in Feb 2015 and has been very aggressive in building a highly secure and stable platform that is aimed at the African local business and remittance markets, with remittance currently totaling more than $80 billion per year in Africa alone.

Designed primarily as a P2P currency to be used for face-to-face local purchases with fast transaction times of about 2 minutes and low transaction fees.
Kobocoin is a PoS or Proof of Stake currency with 10% per annum growth per year credited daily, paid to every person that holds a funded wallet, continuing until full allocation of new coins have been placed into circulation.

Coins come and go, but what makes Kobocoin such a strong contender for Africa is the massive infrastructure that has been developed rivaling larger and more dominant digital currencies.

Currently, Kobocoin has digital wallets available for Windows, MacOS and mobile wallets for Android and Blackberry. The digital wallets currently allow for transactions in over 150 fiat currencies and are currently being integrated in to payment gateways and market place systems.

Founder Felix Ugoji stated that they have been “happy to be under the radar until now as it has kept the market pressure off Kobocoin and we’ve been allowed to develop organically and build a resilient platform/ecosystem.”

This platform includes geographically dispersed DNS seeders and Abe explorers to further secure Kobocoin.

In conclusion, Kobocoin is a coin that can truly benefit the people of Africa, while still utilizing the world economy.