Introduction

I'm now started to make codablecash, which is cryptocurrency. The codablecash is to make many things current coins can't do possible, by new architecture.

Purpose of the coin architecture

Codablecash has following features, and aim at actual use of cryptocurrency.

Instant Payment

Bitcoin and other cryptocurrencies are not good at instant payment. It takes several minutes to send money, or the architecture is not decentralized.

Therefore coadablecash is going to be designed decentralized PoS architecture.

Modifiable Smart Contract

The name "Coadble-Cash" comes from Smart Contract. It is the biggest feature of this cryptocurrency.

Smart Contract is to manage a wallet by robot. The program is created in Java liked programming language. When a Smart Contract is executed, a new process is created from the Smart Contract code. The process contains following stuffs.

Reference to the robot program
Variables
Super users

After it started execution, if all of super users agree, or expire period to make decision, the robot program can be changed. The new program have to be compatible with last one, therefore we can select deriving class of the last Smart Contract class.

Scalability by sharding

Scalability of ledger is very important factor when it is actually used. It is up to following things.

Calculation speed
Network band width

By using PoS with least nonce calculation, it can handle many transactions per seconds. But network band width is also important for scalability.

Sharding, to divide ledger data into several partitions, is effective in both factors.

Decentralization and Fair Distribution

Decentralization and fair distribution is essential to cryptocurrency. The CodableCash has following features.

No master nodes
No pools
All of full nodes can be miners
Least locking coins

In most of PoS coin, rich persons can be more richer, and in most of PoW coins, big miners has most of coins.

But by those features, every one has fair opportunity to get newly distributed coin.

Current Developing Status of CodableCash

Currently, I've finished thinking entire design, and now considering PoS with ticket & nonce algorithm. If I made some progress, I'll report it here.