JSECoin Just Open Sourced Their Code Base - And Why This Is Important
I've been writing consistently about JSECoin, a project which aims to replace AdSense, by rewarding webmasters via browser mining. This mean that every time a visitor comes to your site, instead of seeing ads, they will agree (or not) to mining some coins for you within their browser. The CPU power used by the mining process is typically less than what you need to run an ad video.
This project is completely different from CoinHive, or other concealed miners, which are using user's browser without their permission, basically stealing. In order to implement JSECoin, your visitors should transparently consent to it (a process also known as Opt-In).
I've been using JSECoin since its early days, helping them with feedback and running the code on a few of my websites, including steem.supply, for which I got a lot of backlash here on Steemit - partly because people commenting on that issue were ignorant and didn't know how things were actually working, partly because some of them were simply hypocrites, confirming that yes, we're still acting from within our own flawed human nature even here, on Steemit.
But back to present day.
JSECoin just open-sourced their entire code base, meaning the entire code, including the frontend miner, the server code and even their website source code is now available on Github for audit, testing and review.
This is the last important step they had to take before their ICO, which is planned to start during the next few weeks.
So, if you're curious how a JavaScript miner works, feel free to play with that code.
Disclaimer: like I said, I'm a supporter of this project, I own a few JSECoin tokens and links in this article are affiliate links.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Great progress for JSEcoin... looking forward for their ICO.
I would rather mine some coins for the owner of a website that I'm frequently browsing instead of watching annoying videos.
I would do that even for Youtube.
open source community loves it and we all know it why :D this could be really huge
Still doing that?
I am very sceptical of this concept. There is much potential for misuse and I can't see any reason interest from outside in it.
Why should anyone put money in it?
Sure, like any generic coin there will be some speculation. But no one that ads ads now has any reason to put money into the coin - quite contrary.
So the coin has to compete with "normal" ads - it has to be more profitable (because less reliable then pre-paid) as a ad place. Can't se that happening, because, as I said, there is no reason for outside interest.
If you refer to having the code on steem.supply, no, I don't have it there anymore for a long time. If you refer to still mentioning that incident, yes, I am still mentioning it.
You have all the rights in the world to be, it's your opinion. I think it has great potential, though, because of its "tokenized" nature. Serving ads keeps the money outside of the show, whereas just mining, just paying with your presence, puts the money inside the circle and many things can happen from there.
At the end of the day, it's still the same old "obsolete-paradigm-replaced-by-seemingly-useless-in-the-beginning,-but-more-performant-technology" kind of shift.
It was just the same with horses, in the beginning of the 19th century. Cars were slow and apparently unaffordable, and yet, they prevailed.
If you refer to having the code on steem.supply, no, I don't have it there anymore for a long time. If you refer to still mentioning that incident, yes, I am still mentioning it.
You have all the rights in the world to be, it's your opinion. I think it has great potential, though, because of its "tokenized" nature. Serving ads keeps the money outside of the show, whereas just mining, just paying with your presence, puts the money inside the circle and many things can happen from there.
At the end of the day, it's still the same old "obsolete-paradigm-replaced-by-seemingly-useless-in-the-beginning,-but-more-performant-technology" kind of shift.
It was just the same with horses, in the beginning of the 19th century. Cars were slow and apparently unaffordable, and yet, they prevailed.
Salut Dragos!
Reading your posts about JSECoin i have now as well 117 tokens. Few i mined and the rest from a site where i have added their code.
I know i don't have a lot but i am really curious to see how much one token will worth!
Looking forward to see how things will go!😉
I have a couple of Jsecoins but their whitepaper is a little confusing but i hope it goes well!
Most welcome sir.
Congratulations for your post.
That's great news......
Nice update here. Keep this coming. Making their source code open will aid improvements from back end developers which is indeed a good thing.
The Project is really awesome, and it should come soon.
Thanks for the news and update
You’re much appreciated.