Now that v0.9.0 is released, I would like to start a new testing currency, zeta_brouzouf.
Again, my node will be ucoin.twiced.fr:9101.
The idea behind this currency is to propose a first experiment of uCoin with full features, so we can:
- Have a first experience of using a free currency
- See if UCP’s rules about Web of Trust are good/strong enough to avoid Sybil Attacks
- Test transaction system
- Discover potential bugs both in software or protocol
- Improve UCP or ucoin software with features I haven’t thought of yet
Warning: software might be really unstable. I have only tested it on my own environement, with few nodes and testing cases. We are here for testing, fixing and improving.
So, if you are ok with all this and want to join testing, let’s read next parts!
Currency parameters
This currency aims at simulating several years of free currency under few weeks. Precisely, 1 week simulates 1 year of UD. It is a lot.
-
UD rules:
UD(t+1) = MAX(UD(t) ; c * M(t) / N(t+1) )
c = 4,881 %
dt = 3,5 days
UD(0) = 100
-
Web of Trust rules:
- It is required
3 certifications
to be a member - Each member must be at a maximum distance of
3
from any WoT member who have at least3
valid certifications made to WoT members - Identical certifications (key A → key B) are not replayable before
2 months
waiting - Certification validity is
1 month
from signature’s date - Membership validity is
1 month
from signature’s date
- It is required
-
Blockchain
- Proof-of-work minimum level is
4 leading zeros
- Time incrementation step is
3 hours
- Time incrementation requires
2 confirmations
- Proof-of-work minimum level is
Participating
To start the currency, we need at least 4 members agreeing to sign each other. I’m in, so we need at least 3 other persons to start this currency.
You can follow the same instructions as for [v0.8.3] Subscription testing to create your identity, certificate people & ask for joining, replacing currency name with zeta_brouzouf
.
Identities
I will ask you to use a real pseudonym that you use on the web. I will sign you only if you can prove me you own this pseudonym, by any way (I can check your Twitter activity, blog, whatever…). Thereafter, I suggest you to do the same for any future joiner.
Start
Currency will be started once we have the 4 initial members who have signed each other’s identity. I will generate the root block, and then new members will be able to join over the time.
Create your own node
Once currency is started, any member can create its own node and participate writing the blockchain. I won’t give instructions immediately on how to do this, this might be explained on another thread.
Ready?!
That’s all folks! If you wish to participate, please leave a message out there