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WenHODL-Writeup (old, back when it was called SparkyCoin)
An automated, digital, unstable fiat-like currency made in NodeJS and Express.js with a so-simple-its-genius design
Automated
- Automated growth, can "mint" more money automatically as circulation grows
- Starting at 250000 total coins
- Down to 19 digits behind the decimal point
Digital, unstable, and fiat-like
- Mining in a different way.
- Since this is fiat, we do not need "mining" in a typical sence.
- 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.
- Wallets are different, too!
- 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!
- Everything done via Express.js and NodeJS via an API.
- Unstable as in the value does fluctuate, fiat-like as in it's backed by the people.
- There's 2 Databases using Quick.db, they only hold: Current amount of coins in wallet, public, private keys, and currently "minted" coins.
Centrally Decentralized.
- Decentralized meaning there are servers everywhere
- Centrally meaning that each server hosts their own database
- With their own data.
- However you are able to send SPARKY Peer to Peer
Most importantly, people don't have to ask for a fork. Fork Freely. Just follow the licenses provided.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.