LTBCoin on Peershares?

Comments

Offline
Posts: 27

When I listened to http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake I realized that some of the issues mentioned there, is solved in Peershares.

Though I know that Adam prefers the coin word instead of the shares word, because of legal implications, Peershares could be easily forked (and the dividend feature simply turned of, if that is a concern) and names be changed.

Peershares being whitelabel, lends itself perfectly to the task. Since it requires basically no energy to run and features the kind of protocol that is plug-n-play in most crypto exchanges, it makes a perfect fit. It would also integrate with all other Bitcoin friendly technologies out there.

Learn more about Peershares here: http://peershares.net/

Posted on July 22, 2014 at 11:30 PM

0 likes

flyingtriangle

Offline
Posts: 27

No one?

Posted on July 27, 2014 at 1:47 AM
Permalink

0 likes
CrimsonRoze

Offline
Posts: 295
Location: Göteborg, Sweden

I visited the link and read a bit, but I don't quite see how it's different from counter/dogeparty. Would you care to elaborate on how this works and where the differences comes in?

Posted on July 27, 2014 at 2:17 AM
Permalink

0 likes
flyingtriangle

Offline
Posts: 27

@crimsonroze I visited the link and read a bit, but I don't quite see how it's different from counter/dogeparty. Would you care to elaborate on how this works and where the differences comes in?

Sure, no problem.

Counter-party is built on top of Bitcoin. From what I understand, dogeparty would also be built on top of Doge.

Peershares is not built on top of anything. Each new Peershares has its own blockchain, its own network, its own client and so forth and so on. If LTBCoin was implemented using the Peershares technology, then LTBCoin would have its own blockchain.

Peershares use Proof-of-Stake (as implemented by Peercoin), the technology is very energy efficient (it can run on a Raspberry Pi) and therefor LTBCoin would be able to sustain itself by own means without any costs. The LTBCoin would then be totally independent, not have to rely on anything else but its own network, but still be able to use the software updates the devs does when maintaining Peershares.

To simplify, one could think of Peershares as a WhitelabelCoin. Basically you get a new coin for free, without the cost of hiring devs to make it, buying mining machines etc.

http://www.nubits.com/ is using Peershares.

Was this helpful to you?

EDIT: Ahh coolt. En svensk. Jag såg inte det först. Hej hej :)

Posted on July 28, 2014 at 12:33 PM
Last Edited: July 28, 2014 at 12:36 PM
Permalink

0 likes
adam

Offline
Posts: 1980
Location: California, USA

@flyingtriangle

@crimsonroze I visited the link and read a bit, but I don't quite see how it's different from counter/dogeparty. Would you care to elaborate on how this works and where the differences comes in?

Sure, no problem.

Counter-party is built on top of Bitcoin. From what I understand, dogeparty would also be built on top of Doge.

Peershares is not built on top of anything. Each new Peershares has its own blockchain, its own network, its own client and so forth and so on. If LTBCoin was implemented using the Peershares technology, then LTBCoin would have its own blockchain.

Peershares use Proof-of-Stake (as implemented by Peercoin), the technology is very energy efficient (it can run on a Raspberry Pi) and therefor LTBCoin would be able to sustain itself by own means without any costs. The LTBCoin would then be totally independent, not have to rely on anything else but its own network, but still be able to use the software updates the devs does when maintaining Peershares.

To simplify, one could think of Peershares as a WhitelabelCoin. Basically you get a new coin for free, without the cost of hiring devs to make it, buying mining machines etc.

http://www.nubits.com/ is using Peershares.

Was this helpful to you?

EDIT: Ahh coolt. En svensk. Jag såg inte det först. Hej hej :)

We like that we can have many types of tokens on the one blockchain either bitcoin or dogecoin, can you do anything like this with peershares tech? or is it one coin per blockchain

Posted on July 28, 2014 at 8:07 PM
Permalink

0 likes
flyingtriangle

Offline
Posts: 27

@adam

@flyingtriangle

@crimsonroze I visited the link and read a bit, but I don't quite see how it's different from counter/dogeparty. Would you care to elaborate on how this works and where the differences comes in?

Sure, no problem.

Counter-party is built on top of Bitcoin. From what I understand, dogeparty would also be built on top of Doge.

Peershares is not built on top of anything. Each new Peershares has its own blockchain, its own network, its own client and so forth and so on. If LTBCoin was implemented using the Peershares technology, then LTBCoin would have its own blockchain.

Peershares use Proof-of-Stake (as implemented by Peercoin), the technology is very energy efficient (it can run on a Raspberry Pi) and therefor LTBCoin would be able to sustain itself by own means without any costs. The LTBCoin would then be totally independent, not have to rely on anything else but its own network, but still be able to use the software updates the devs does when maintaining Peershares.

To simplify, one could think of Peershares as a WhitelabelCoin. Basically you get a new coin for free, without the cost of hiring devs to make it, buying mining machines etc.

http://www.nubits.com/ is using Peershares.

Was this helpful to you?

EDIT: Ahh coolt. En svensk. Jag såg inte det först. Hej hej :)

We like that we can have many types of tokens on the one blockchain either bitcoin or dogecoin, can you do anything like this with peershares tech? or is it one coin per blockchain

Depending on the use-case/why this is a requirement, my answer to this question might change. May I ask you why you need many types of tokens on the blockchain?

Posted on July 29, 2014 at 10:39 AM
Permalink

0 likes

Jump to top

Post Reply

Please Login to post a reply to this thread.

The LTB Network Forum