CoinX is the project name of a Proof-of-Capacity based cryptocurrency the PoC Consortium has been working on since January 2019.
This repository is to provide some minimum public information, and manage interaction/feedback with interested parties.
Discussion forum: https://discord.gg/Mvqaa5k
Feedback and discussion is presented in a distilled form under the public input project.
- Why are you doing this?
We want to achieve great things and we would like to put our competence to good use where it is appreciated.
- What are the features of CoinX?
We can't go into detail at this point. You can assume PoC (Proof of Capacity) is somehow involved. The code base is new/from scratch. There are several unique features planned. Equally important as the technicals is the CoinX community, which will also be architected "from scratch".
- When will CoinX be available?
No ETA whatsoever.
- Will there be a white paper?
White paper and code will be published at the same time. There may be preliminary publications of partial features or aspects of the coin before that.
- Can't you really share more information?
This repository will - probably over time - give more and more hints of what is likely and what is unlikely to have in CoinX.
Nevertheless - by public discourse - possible features, although not guaranteed and subject to change:
Forge Deposit (a.k.a FD, formerly known as "Mortgage")
Most probably yes, although dynamic depending on (a fraction of) mined supply. FD decides in a binary yes/no fashion if someone can forge a block - no percentage block reward, no marketing account as default beneficiary.
Proof of Capacity
Yes, Probably multiple PoC types supported. PoC2 (as such Helix too), but ZPoC (an even more efficient form of mining Helix plots - without GPU), PoC3 is desired by the core dev team. There are more PoC4 concepts discussed.
Total Supply
Probably something that is in relation to "the number of people on this planet".
ICO/premine
Definitely no ICO. The pros and cons of a very small (< 1% of the supply) instamine to exclusively pay for bounties (translations etc.) are being discussed.