Capricoin (CPC) Price Alert, Chart & News on BitScreener.com
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Being a digital currency based on the X11 algorithm, CapriCoin (CPC) is both Proof-of-Stake and Proof-of-Work. The coin has a large premine of 200,000,000 of the total supply of 208,000,000 – 25% is issued – 50 million is reserved for staisybit and 99 million reserved for inhouse staking, and 1 million coins reserved for the development team. The Proof-of-Stake (PoS) accounts for 2% to 50% increments per year to year 24. Its large premine seems to be unethical. The crypto aims to power a worldwide immediate payment network with no cost transactions to people from any countries. Differrent from many other digital currencies, Capricoin has fast transfer confirmation times and can work commercial level transaction volumes. Capricoins are decentralized via a network of distributed users. Once entirely mined, there can only be a maximum of 201 million Capricoins.
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Naming systems are an important component of any networked information system. It’s difficult to imagine how the Internet could have been adopted by the masses had it not been for the Domain Name System, which translates machine-readable IP addresses into human-readable domain names. Blockchains, with their long and complex address formats, suffer from a similar problem. One might think a solution would be to apply the same naming system architecture we have for the public Internet to public blockchains. But DNS, in the eyes of many, is a largely flawed system. Centrally controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), Internet domain names are vulnerable to censorship and barriers to entry are kept artificially high ?'” registering a new Top Level Domain (ex: .epicenter) costs hundreds of thousands of dollars.
We’re joined by Alex Van de Sande and Nick Johnson to discuss their approach to creating an open, secure and decentralized naming system for the Ethereum Network. The Ethereum Naming System (ENS) allows users to register .eth domain names, which can be used in supporting Ethereum wallets and clients. Names are reserved by placing a deposit in a smart contract and can be mapped to any Ethereum addresses. So rather than sending funds to 0x8cd…0935, one would simply need to type a memorable name like epicenter.eth into their wallet. Backed by the Ethereum Foundation, ENS will likely become the defacto standard for name registration in Ethereum.
Topics discussed in this episode:
Alex and Nick’s respective backgrounds and roles in the Ethereum Foundation
How the Internet’s Domain Name System works
The problems and pain points with DNS and how it is governed today
What is ENS and what problems it is addressing
The ENS auction system and how names are registered
The different parties involved in ENS
ENS’s technical architecture and governing smart contract
The current governance model of ENS and future plans for increased decentralization of governance
ENS’s economic model and technical roadmap
Links mentioned in this episode:
Sponsors:
Ledger: Smart card security for your Bitcoins – Get 10% off your first order when you use the code EPICENTER –
Jaxx: Wallets that Unify the Blockchain Experience Across Devices –
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Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.
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More detail: https://bitscreener.com/coins/capricoin
