Re: Webizing Bitcoin

FYI

I've been working on validation of this structure and I have noticed two
critical mistakes:

1. RFC 6920 requires stripping of the "=" character which I didnt do
2. The difficulty ("nbits") was wrong endian

Both of these are now corrected, and I've created a new coin, the "RWW
Coin" for the read write web, located at:

http://rwwcoin.data.fm/rwwcoin

Hopefully this data structure should be the basis of a new chain.

I'll be populating the genesis block over the next week...


On 24 March 2014 12:48, Melvin Carvalho <melvincarvalho@gmail.com> wrote:

> Hi All
>
> Just a quick progress update.  I've got a bit further in webizing bitcoin
> crypto currency.  I've updated the wiki page here:
>
> https://www.w3.org/community/webize/wiki/Bitcoin
>
> You need to be quite familiar with bitcoin at this point to understand the
> finer details.  But in a nutshell bitcoin is a public ledger based on
> timestamped transactions.
>
> The first part of webizing bitcoin was to translate all of the core
> concepts to an ontology which can be found at:
>
> http://w3id.org/cc
>
> A transaction is marked up for example as follows:
>
>
> https://testcoin.data.fm/.well-known/ni/sha-256/2hrfou161NVATnOKC27bYUZ4SrI9uu99kzaUQFEEn04=
>
> This also has a 'coinbase' message that points to the description of the
> coin, currently at:
>
> https://testcoin.data.fm/trinity
>
> The "genesis block" header verifies the data via a proof of work and can
> be the basis to grow a new chain:
>
>
> https://testcoin.data.fm/.well-known/ni/sha-256/AAAAAKytyJoRshg8ZTS47z8HFtiVWy8Uki7EP2dYhuw=
>
> Which has 'mined' new coins into existence.  At the moment I also put a
> current block from the bitcoin main net to ensure there was no pre mining.
>
> These coins are for testing only and should not be traded.  All coins that
> I mine will go into a faucet and will be distributed to people that have a
> linked data webid and bitcoin address (mail me if you would like some, I'll
> automate it at some point).
>
> The next thing I'd like to try and build is a tipping robot to work with
> Cimba etc. based on webcredits so that it is possible to tip other users
> via a micro blog.  After that I'll be looking at distributed exchanges and
> pay-for-tasks technology coming out probably in the next quarter.
>
> This post probably will make very little sense to those that are not
> highly familiar with crypto currencies, but I'll hopefully put together
> more documentation soon!
>