Europecoin is making a transition to be redy for the future:
To bring some clear picture about our plan, i will describe it and will compare it to the
coin, that inspired us, to use this model: HODL Coin. We took some of its inventions an added some important features, because we learned from its mistakes.
First of all we will do it via a coin swap We could have done otherwise, but we don't like to risk, having bugs, just from the forking mechanism.
But uniquely, though we are doing a coinswap, we ported the address space of Europecoin to the new coin, and ported its database. So after the swap,
nearly all addresses are the same and the addresses, our users have been spreading over time, will stay valid.
So if you gave a friend an address to use for sending ERC, he can still use it. We have already finished building our own semi automatic swap server with VPN and encrypted protection.
So everything is already in place. This will be a zero panic switch.
The swap will reduce the total amount by a factor of ten (320 mio / 10 = ~32 mio)
We did not like the total amount of coins, because it prevents many people from taking ERC serious (though it would not matter in about five years).
32 mio has not the problems of to many coins and don't have the problems of rare coins, that ar always struggling, to build up enough community, to
sustain healthy trading. 32 mio is a great number and will be reached after over 10 years
HODL has already a big blocksize, but we will take is even further, running a 5 minutes Blockchain with 10mb Blocksize
an overview of our features:
RUNNING THE NEWEST BITCOIN CORE
FEDERATED BLOCKCHAINS IN MIND
POW HODL RAM MINING
TIMELOCK FUNCTION
Then, if you have watched HODL COIN, it had some problems to sustain enough network, to make the Blockchain move.
We solved that problem, by adding the "BITLOCK" funktion. It jumps in, if mining goes under a certain limit and it activates all user clients,
to start micro-mining and to move the chain. The best on this solution is, it scales.
Now to the confusions around the timelock function. Our coins are giving a tiny interest to every coin for the first 30 days, so that you will have to move your coins afer this time, to get interest again.
TIMELOCK is just adding a multiplicator to this interest and you don't need to move them during that periode, to sustain this interest.
However in hodl coin, you are getting higher interest, for locking the coins longer. We changed it and made the shortest period the most profitable like: 3 month :5% per year (given you relock the coins every 3 month)
// BUT 6 month 4% a year, given you have to relock just twice, to reach you time. So in short: We focused on rewarding those, who touch their coins more often.
The interest rates are very low. The coin will have a low inflation, possibly nearly none. There are possibly 90 mio / 10 = 9 mio coins out in the wild
(minus about a third of the coins, they are believed, to have been trashed, when the coin was dead, but after the swap, we will know for sure)
this makes Europecoin a very lightweight semi rare currency and this is also the point where not even a millibit of code, logo, style, mindset is left from
its first start, as a ico scam coin. Also the time of successful maintenance by our team, after reboot, is twice as long as the scamer has been operating ERC.
He is DELETED ...
NEW SPECIFICATIONS:
ANNOUNCED:
https://bitcointalk.org/index.php?topic=901605.msg15476265#msg15476265
To connect testnet server please enter under debug "addnode 85.214.68.75 onetry"
Specs: 5 min Blocktime, DGW
-----------------------------
Without Term Depost
2,48 % p.a. until 30 Day.
With Term Deposit
1 Mon 3,0 % p.a
2 Mon 3,4 % p.a
3 Mon 4,0 % p.a
6 Mon 4,5 % p.a
12 Mon 5 % p.a
-----------------------------
POW
1 ERC per Block ~ 1,04 % p.a.
Website: http://www.europecoin.eu.org
BTCtalk: https://bitcointalk.org/index.php?topic=901605.0
have fun
Matthias