Why Canada eCoin?; a formal introduction.
It has been a couple years since the Canada eCoin project created it's steemit account. It is about time for an introduction!
The Canada eCoin Project
The Canada eCoin project was originally funded by a group in Edmonton in March of 2014. It is a scrypt-auxpow based coin with 30 second block times and a mostly Canadian community. A year after the launch, funding was pulled and the original creators moved on to other projects. The Canada eCoin project became a community project after a community takeover happened in 2015.
Our Vision for our Future
That every Canadian has the right knowledge and tools to ensure their own ability, safety and privacy while operating within our technologically enriched nation.
Not just for Canadians
Even though we are a strictly Canadian group in regards to our focus on use-cases and solutions, The Canada eCoin project serves as an example for any nation. As we focus our time and energy on solving issues at the national level, we are mindful that these issues exist in other countries too.
Think globally, act locally.
Other national coins exist, and for good reason. Please consider supporting your national coin. A list of national coins are available at nationalcoin.org.
But, why Canada eCoin?!
One of our developers, koad, explains it nicely in a post on our blog from his point of view. Feel free to check it out: https://canadaecoin.site/why-the-canada-ecoin-project/
Stay Tuned, more to come.
It is nice to finally have steemit on our list of active social accounts, stay tuned for more updates to come.
www.canadaecoin.site
What is auxpow?
Auxpow means Auxiliary Proof of Work @luca1777, it is method of merged mining that allows a miner to mine more than one block chain at the same time. All hashes that the miner contributes adds to the total hash rate of both/all currencies, and as a result they are all more secure.
In the case of Canada eCoin, since it is a scrypt based coin, people can mine it along with Litecoin. Canada eCoin's difficulty has been driven higher than it's value by maintaining merged mining against Litecoin's blockchain.
Using P2Pool, users can mine Canada eCoin and at least a few other scrypt coins at full-power; making merged mining an eco-friendly choice. This also opens the doors to some interesting possibilities in regards to sidechains and such.
A parallel mining processor...kinda like...
Ok. Thanks.
It's more like over-lapping rather than parallel. Your miner's power gets applied to all your pool/p2pool's auxpow chains damn near 100%.
So having 1 miner, running on 4 auxpow chains would effectively be the same as 4 miners running normally on each of the 4 blockchains.
This is handy for so many reasons.
Sounds powerful ;)
A brief and precise introduction. I wish you all of the success. I love "thinking globally and acting locally", that is the true spirit that drives growth and sustainable development. Cordial Greetings @canada-ecoin
About time you made an official post for Canada eCoin. I made a post about CDN way back in 2017 https://steemit.com/cryptocurrency/@mvidberg/let-s-take-a-look-at-canada-ecoin
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Welcome canada-ecoin!
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Thank you so much for your interest!
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Fellow Canadian here!
Now if only Canada had an easily accessible and reliable exchange...
Posted using Partiko iOS
Hey there @mastersa, if all goes as planned, the Canada eCoin Business and Bounty Directory will be a great place for any Canadian to ask/offer to buy/sell using any/all available payment methods. A fully distributed, reliable place that (anyone can exchange,.. anything)
Thanks for the comments, join us in our discord if you are into that sort of thing.
https://canadaecoin.directory/
discord.gg/whZ8gB5
This response is a bit under-explained. The directory is only one of many sources available to you as a way to meet other human-peers and grow your own personal network of trust.
Then, once your personal network of trust is mature enuf (as well as the software to support it), you will have access to human-peers of your own that you can then trade with; in your own self-hosted, reliable, trusted and distributed (happy) place.
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