Re: Webizing Bitcoin

I've uploaded a new genesis block at

https://rwwcoin.data.fm/.well-known/ni/sha-256/AAAAAO60BCJ4lyWMpY_Mro0myiE6sXkbbAd48B1-nYc


On 13 April 2014 18:09, Melvin Carvalho <melvincarvalho@gmail.com> wrote:

> 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!
>>
>
>