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Author Topic: RT (Reborn coin found!) #ECCoinarticle: Copy of official #altcoin @ECCoin [ANN]  (Read 4891 times)

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devnullius

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For the latest version of this article, do see https://bitcointalk.org/index.php?topic=503236.msg5540265#msg5540265

ECCoin 1.5

ECC V1.5,
(1) coin control
(2) latest checkpoints
(3) new splash and wallet image (green future)


download new wallet
http://www.eccoin.cc/ECCoin15.zip

New Wallet image


New Splash


Coin control
Can be activated from settings > options > display
1

2

feedbacks are welcome :-)

mac wallet, the ECC linux wallets updated automatically.

This is not a mandatory update but recommended. Because we have a new concept of green future. New wallet much fit to our goals. Also we included coin control for ecc holders for better controlling coin age. So coin control will allow you to send younger coins, so you can reduce stake loss.


10.000.000 ECCoin Twitter competition

To celebrate the launch of our brand new ECCoin Promotion Twitter account, we will organize a 10.000.000 ECCoin competition!
The ECCoin Promotion account will be used to promote the use and distribution of ECCoin. Keep an eye on our acount, because more surprises will follow!

Two competitions in one !

1. Best ECCoin tweet: 4.000.000 ECC

4.000.000 ECC for the best ECCoin tweet.

2. Best ECCoin article: 6.000.000 ECC

6.000.000 for the best ECCoin article

Rules
1. Competition starts 05/05/2014 - 16:00h CET and ends 12/05/2014 – 16:00h CET
2. Participants have to follow @ECCoinpromotion on Twitter.
3. For the best ECCoin tweet competition : start your tweet with #IloveECCoinbecause
4. For the best ECCoin article: tweet the link to your article and start with #ECCoinarticle
5. All tweets should contain #ECCoin
6. Don’t post your ECCoin wallet adress in your tweet, we will contact the winners through their Twitter account.
7. We will choose the two winners out of all the entrants that meet above conditions.
8. Both winners will be announced on our Twitter account.

Good luck !



"Green Future" Project has started  :D
- Domain has been registered, Hosting Set up. http://www.ECCProject.info (under development)

The mining days of ECC are over.
ECC is now purely a Proof of Stake Coin... However you can still mine on a multipool and get ECC..read more...

New unofficial ECC multi pool
http://hashco.ws All you need to choose ECC at profile https://hashco.ws/profile/ Yeah!

Why should we Mine ECC with Multipools?
Because we are taking more time over our own mining pool development for better function, and meantime, having a fail-over or extra pool is always a good thing.

The most important factor behind mining ECC is to create stable buying pressure on ECC .. the multipool conversion from BTC is eating sell orders on exchanges.


Just a reminder again, ECC is not possible to mine directly in a multipool, you can mine other crypto coins and convert them
1st in BTC
2nd to ECC

    ECCoin - The Ecological Cryptocoin for Green Future


    Youtube link: http://youtu.be/rEeHSWs_auw

    ECCoin Website: http://www.eccoin.cc
    Facebook page: https://www.facebook.com/eccoin
    Twitter Page: http://twitter.com/eccoin
    IRC channels https://kiwiirc.com/client/irc.freenode.net/#ECCoin or https://kiwiirc.com/client/irc.freenode.net/#ECChat

    Calls from Community
     - Follow The Targets & Help  others to follow it.

    Target 1: Write about ECC to Cryptsy.com, Bter.com, Btc-e.com, btc38.com support to add ECC market
    Target 2: Vote ECCoin https://coinano.com/vote
    Target 3: Vote Coined Up Petition http://redd.it/1zsqlo




    http://www.eccoin.cc/
    About ECCoin

    ECCoin is an energy saving coin generating most of its coins through PoS blocks. It distributes its initial coins through 45 days evenly distributed PoW mining, no halves during the initial distribution phase, thus ensures a fair distribution. After initial distribution, the PoW block will be stopped. The coin generation will be done entirely through the PoS generations.

    ECCoin also adopts a variable PoS rate with the following annual interest rate:
    - Year 1: 25%
    - Year 2: 15%
    - Year 3-9: 10%
    - Starting Year 10, it will have an annual PoS interest of 1%

    After this 9 Years schedule , the coin generation will be reduced to the baseline inflation of 1%, and the existing coins will be used for circulation.


    Specifications:
    - ~18 Billion is the total of coins in the POW stage.. 50 Billion coins after 10 years
    - Scrypt,  PoW then PoS
    - 45 sec block target
    - difficulty retarget each block
    - 4 confirmations for a transacaction
    - 50 confirmations for PoS blocks to mature
    - Low transaction fees

    ECC the max coin age for PoS is 84 days (minimum being 42 days)

    So, if you don't open the wallet for say, 100 days, only the 84 days age will be counted for your % stake . It is therefore desirable (but not essential) to open the wallet at least once in 84 days.'

    PoS:
    - Tapering interest rates (PoS) over 9 years
    - PoS starts after minimum 42 days holding coins.
    PoW:
    - Random 100000 - 300000 coins per block for the first 45 days evenly distribution
    - After 45 days, the PoW block will be stopped
    Ports:
    - connection:   19118
    - RPC: 19119
    Sample conf (ECCoin.conf):
    [/list][/list][/list][/list][/list][/list][/list][/list]
    Code: [Select]
    listen=1
    server=1
    daemon=1
    maxconnections=100
    rpcuser=yourusername
    rpcpassword=yourpassword
    addnode=85.25.201.132
    addnode=50.186.104.112
    addnode=62.163.9.155
    addnode=68.149.156.56
    addnode=46.150.67.205
    addnode=86.200.138.21
    addnode=96.229.11.53
    addnode=174.91.99.37
    rpcport=19119
    rpcconnect=127.0.0.1

      What does ECCoin stand for ?
      It is an:
      - Energy Conservation coin
      - Ecological Cryptocoin
      - E-Commerce Coin
      - Environmental Conscience Coin
      - Extremely Cool Coin
      - Electronic Currency
      you name it!

      ECCoin Goals
      - To publicly increase ecological awareness.
      - To help crypto currencies in general to be understood by communities who may not have been aware of them before.
      - To increase demand to evaluation of current payment models.
      - To create eco systems where economy can be run cheap & secure.

      Every year April 22, Celebrated as ECCoin ecological awareness day


      Block Explorers
      http://cryptotrends.info/Ecco/ (new)
      http://explorer.eccoin.cc/
      http://cryptotrends.info/eccoin/explorer/

      ECC API:
      http://cryptotrends.info/api/index.php?coin=ECC&user=a&pass=b&method=getinfo&param1=null

      ECC Profitability Chart & Market Cap:
      http://coinmarketcap.com/volume.html#ecc
      http://www.cryptocoinsinfo.com/scrypt-coins/eccoin/eccoin-ecc/

      ECC Crypto Prices & Chart
      http://crypto-prices.com/ECC

      ECC Giveaways & Bounties

      Faucets
      http://cryptocoinfaucet.appspot.com
      http://coinok.pw/faucet/ecc
      http://cryptotrends.info/eccoin/faucet/

      Paper Wallet Generator
      http://coinok.pw/wallet/ecc/
      http://eccoin.ml/ (thanks blofoma)
      If http://eccoin.ml can not be opened, you can visit http://paperwallet.ga/ECCoin/

      Current Exchanges
      (New Peer-To-Peer Exchange)

      https://cryptorush.in/index.php?p=trading&m=ECC&b=BTC (ECC/BTC) issues reported see[/li][/list]
      https://www.coinader.com/?cur=ECC&ccur=BTC issue reported beware
      pmtocoins.com widthdrawal issues
      CoinPeat.com Fake Exchange reported by rapscrash https://bitcointalk.org/index.php?topic=503236.msg5776527#msg5776527
      [/list]

      Downloads
      source at github also updated this is not a mandatory upgrade (1.3 was mandatory)

      Windows Client Download (Version 1.5 6 May -Update)

      Macintosh Wallet 1.5 :


      Linux Wallets: Source Download at Github:

      https://github.com/eccoin/eccoin

      Donate for Green World

      Every year April 22, Celebrated as ECCoin ecological awareness day

      We'll  list & support here nature friendly associations who wants to receive money from crypto world.


      We're Social

      Facebook page: https://www.facebook.com/eccoin
      Twitter Page: http://twitter.com/eccoin
      IRC channels https://kiwiirc.com/client/irc.freenode.net/#ECCoin or https://kiwiirc.com/client/irc.freenode.net/#ECChat

      Other ECC social accounts
      Twitter Page (indonesia): https://twitter.com/ECCindonesia
      Reddit Page: http://www.reddit.com/r/ECCoin/
      Google+ Page: https://plus.google.com/communities/103182056663513668153
      Weibo China: https://weibo.com/eccoin (feedback needed)

      Other Languages

      ECC Funny Video



      http://youtu.be/D_9_SOZYO7U

      Merchants/Services

      https://linkcoin.com/market/ecc_cny (Buy ECC by CYN in China)
      http://cryptokopen.eu/buy-ECCoin (Buy ECC by Skrill payments Global)
      http://www.cryptokk.com/ (Shop & Exchange service)





      Games
      http://cryptocoinfaucet.appspot.com/games/rps = rock paper scissors .. addictive 
      http://coinok.pw/scratch/ecc/  :D (ECC Scratch  Game)



      ECC Dev team Projects

      Project ECC multipool
      Purpose to create buy pressure on exchanges.

      Project ECC API
      Purpose to make merchants able to use ECC easier online. starting after pool project

      Project ECC wallet of Future
      Purpose to create advanced wallet which is beyond expectations

      Project ECC Green Future
      Purpose to increase ecological awareness in the world. Plating trees, supporting suitable charities & associations.

      FAQ

      Ecchouse? Scam does this pool in anyway related to pool666 why they redirected it?

      - There are some fuds and trolls around this matter. ecchouse.com is no way related to ECC except he scammed miners of ECC and we removed his link from the OP. He attacked on us to create false picture like we are scammers.

      ECC the max coinage?
      ECC the max coin age for PoS is 84 days (minimum being 42 days) So, if you don't open the wallet for say, 100 days, only the 84 days age will be counted for your % stake . It is therefore desirable (but not essential) to open the wallet at least once in 84 days.'

      Question About How They are Kept and Paid Interest Upon If I have (hypothetically)10000 ECC coins and keep them for 45 days. What will the interest be paid?
      - 10k ECC for 45 days will be paid:
      10000 * 0.25 * 45 / 365 = 308 ECCs

      Does it have to be in a local wallet to accumulate, or can it be stored in an exchange?
      - Only in local wallet, in exchange it will generate PoS too, but no exchange will pay you, they will take the free coins for themselves.

      Does the wallet have to be unlocked to mint?
      - Yes The wallet has to be unlock in order to mint. Use console to do it. Open you wallet, if it's not synchronized go to the first page of this thread. If it is, then go to  Help -> Debug window -> console write this :

      I have 2,000 ECCoins stored in a paper wallet, will the interest be accumulated in the paper wallet ?
      - The pos will be generated once you put the wallet into a wallet client.

      [/list][/list][/list][/list][/list][/list][/list][/list][/list][/list][/list][/list]
      Code: [Select]
      walletpassphrase <passphrase> 999999 true
      where <passphrase> = your passphrase
              For pos the coin-day is not affected because the wallet locked. Once unlocked the related coin days will be used for pos minting. Edit: (ECCoin 1.2 New version has a button)

      Question: I noticed the new button for locking/unlocking the wallet.  I haven't locked it, yet the button is labelled "Unlock" --- but is greyed out so I have no way to click it.  Not sure if this means it is currently locked and so can't do POS, or if it hasn't been locked and the button is just mislabeled?
      - Only if your wallet is locked, then the "unlock wallet" button will be enabled. Otherwise don't worry, you will mine pos blocks automatically

      Unlock wallet?
      - when you encrypt the wallet, you use the button to unlock it (so you can mint pos blocks).

      Minting? I read the FAQs but still don't understand what it means by "minting". I don't know what my locked wallet is preventing the wallet from doing. Why does it need to be unlocked for "minting" to occur?
      - Yes you need to unlock your wallet in order to generate pos blocks locked wallet will not generate pos blocks, though your coin-day will still be accumulating.

       If the coin shuts off after 9 years, will the transaction fee then be reduced to 0? How does the PoS confirms transactions?
      - The pos blocks will still be generating after 9 years, except that the rate is a low 1%. The pos blocks will confirm all the transactions and keep the network going. The tx fee will stay the same. tx fee will not be lost.

      How many coins will be?
      - After 10 years 50 billions in total.

      What is PoS?
      - Proof of Stake. Your cryptos produce interest in wallet as long as you keep them. So you don't have to mine and so nature protected.
      http://en.wikipedia.org/wiki/Proof-of-stake

      When will PoW halve?
      - The PoW will not halve, it will stay the same for 45 days after that shut off. So fair distribution will be more possible. Not only early birds.

      Do i need to keep my wallet always on for PoS?
      - No

      Permanently descrypty wallet?
      -See here

      What is the premine amount?
      - It's 0.99% to support bounties, giveaways, merchants, exchanges, dev team. 

      [/list][/list][/list][/list]
      More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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      devnullius

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      Official website: http://www.eccoin.cc/

      - 18 Billion is the total of coins in the PoW stage.. 50 Billion coins after 10 years.

      - ECCoin distributes its initial coins through 45 days evenly distributed scrypt PoW mining, no halves during the initial distribution phase, thus ensures a fair distribution.
      PoW = Proof of Work rewards

      - ECCoin is an energy saving coin generating most of its coins through PoS blocks. This means that energy is saved simply because there is no real hashing going on; you get payed interest on what you own: that's how you mine :)
      PoS = Proof of Stake rewards (e.g..: interest).

      - ECCoin also adopts a variable PoS rate with the following annual interest rate:
        * Year 1: 25%
        * Year 2: 15%
        * Year 3-9: 10%
        * Starting Year 10, it will have an annual PoS interest of 1%

      Personally I think 1% is too low: it's below regular inflation levels in economics (av. 2.2%/year?). Nothing to worry about for now :)

      - Max coin age for PoS is 84 days (minimum being 42 days)

      So, if you don't open the wallet for say, 100 days, only the 84 days age will be counted for your % stake . It is therefore desirable (but not essential) to open the wallet at least once in 84 days.'

      PS: an interesting discussion about who will rule #altcoin: PoW or PoS, here: http://www.peercointalk.org/index.php?topic=936.0

      - For 10k ECC for 45 days will be paid: 10000 * 0.25 * 45 / 365 = 308 ECCs

      - Does it have to be in a local wallet to accumulate, or can it be stored in an exchange?

      Only in local wallet, in exchange it will generate PoS too, but no exchange will pay you, they will take the free coins for themselves.

      - Does the wallet have to be unlocked to mint?

      Yes! The wallet has to be unlocked in order to mint. So if you protect your wallet with a password, just running the wallet does not 'mint' nor gives you interest. I asked for more details here: https://twitter.com/devnullius/status/464454736272699392 .

      - Coin control
      This is important for ECC holders (PoS). It allows you to send younger coins, so you can reduce stake loss.

      - All round this coin seems prepared :)
        * API is available,
        * Paper wallet
        * Blockchain explorer
        * Represented on Weibo
        * Dedicated IRC channel

      - Donate for Green World
      Every year April 22, Celebrated as ECCoin ecological awareness day

      We'll  list & support here nature friendly associations who wants to receive money from crypto world: http://www.familiaverde.ro/donatii_eccoin.html (Romanian only).

      - Project ECC Green Future
      Purpose to increase ecological awareness in the world. Plating trees, supporting suitable charities & associations.

      - Windows Client Download (Version 1.5 6 May -Update)
      http://eccoin.cc/ECCoin15.zip
      https://mega.co.nz/#!Vt4FCaJb!a-Fxuf8cbZqKFNZcqmfl-aqcng9lWBSikXfq5CUOKnU

      - Most importantly: they are available on MANY exchanges!! See [ANN] for more information...!!!

      Above information in two short videos:
        * http://youtu.be/D_9_SOZYO7U
        * http://youtu.be/rEeHSWs_auw

      ---

      Looking at other "pre-mined" coins the future of ECC looks good. Developers seem well prepared and in it for the long run.

      The charity part is nice but could be a risk: only charity bleeds your funds, you have to make sure something comes back in return. Sympathy only brings you so far and good deeds often are forgotten quickly...

      One of the advantages of complete pre-mine is that not much energy is wasted on hashing new coins. All coins are there. And it is an inevitable future for all altcoins (and bitcoin!): income by mining will drop regardless what.

      Proof of Stake coins counter these developments and it is one of the reasons they are well received by the market.

      I'll be holding my bounties for this coin :) Critical Twitter discussion here: https://twitter.com/alien_crypto/status/464479929791680513

      Karma!

      Devvie
      More information about bitcoin, altcoin & crypto in general? GO TO  j.gs/7385484/btc

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