28 lines
1.8 KiB
Markdown
28 lines
1.8 KiB
Markdown
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# WenHODL-Writeup (old, back when it was called SparkyCoin)
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## An automated, digital, unstable fiat-like currency made in NodeJS and Express.js with a so-simple-its-genius design
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### Automated
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* Automated growth, can "mint" more money automatically as circulation grows
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* Starting at 250000 total coins
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* Down to 19 digits behind the decimal point
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## Digital, unstable, and fiat-like
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* Mining in a different way.
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* Since this is fiat, we do not need "mining" in a typical sence.
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* So we instead have a faucet of sorts, but with a guessing game, where you guess the Y for `X * Y = Z`. The Y is randomized, and these two numbers only last for ~42 seconds.
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* Wallets are different, too!
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* Since we don't have banks, and we are fiat, you just send the money to someones wallet via their address, and then it's just there!
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* Everything done via Express.js and NodeJS via an API.
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* Unstable as in the value does fluctuate, fiat-like as in it's backed by the people.
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* There's 2 Databases using Quick.db, they only hold: Current amount of coins in wallet, public, private keys, and currently "minted" coins.
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## Centrally Decentralized.
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* Decentralized meaning there are servers everywhere
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* Centrally meaning that each server hosts their own database
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* With their own data.
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* However you are able to send SPARKY Peer to Peer
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### Most importantly, people don't have to ask for a fork. Fork Freely. Just follow the licenses provided.
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<a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by-sa/4.0/88x31.png" /></a><br />This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike 4.0 International License</a>.
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