What does this mean for you? Well, ChainCoin will be easy to use as your local bank. Put money in, pull money out, spend your money, and best of all, your ChainCoin works for you 24/7. All this happens outside current centralized banking allowing more freedom over our funds than ever before.
Even though the blockchain network is decentralized, many of the services that allow its use in the real world are still centralized. This takes away a fundamental aspect of why we use blockchain networks. With Project X-Chain we aim to create truly decentralized ecosystem by “chaining” multiple blockchains together and providing a decentralized in-wallet exchange. Using this technology a library of applications can be developed to further enhance and assist ChainCoin’s community.
Community Enthusiasm – 3.5 out of 5
Slack has 279 members and is Very active daily.
The Bitcointalk thread is Occasionally active.
Other Community links also point to Twitter and Telegram
Active Development – 4 out of 5
The devs are working in the background.
The devs are making and discussing progress.
The devs have released a thorough Roadmap detailing their plans.
Exchanges – 2 out of 5
Cryptopia
Novaexchange
Price – https://coinmarketcap.com/currencies/chaincoin/
This coin could be bought for below 20 sats any time until Mid-March
The price has exploded to 5k to 7k sats since then.
Wallets – http://www.chaincoin.org/chaincoin-wallet/
Windows wallet
Apple wallet
Information
Website – http://www.chaincoin.org
Slack – https://chaincoin.herokuapp.com/
Bitcointalk – https://bitcointalk.org/index.php?topic=422149.0
Block Explorer – https://minkiz.co/acme/chc
Roadmap – http://www.chaincoin.org/development-roadmap/
Whitepaper – None
GitHub – https://github.com/chaincoin
May 9th, 2017 Summary
Just for reference, Masternodes require 1000 coins if you are interested in setting them up. A Masternode is a server that performs service functions on a blockchain; such as instant send, coin mixing to support privacy, and aids in stabilizing the network. In return, masternodes are paid rewards, dividends in the form of Chaincoin on a periodic basis, for providing important services.
Anyone can run a Masternode and the objective is to have enough online to provide a true level of decentralization, which doesn’t favor a country, a geography, company, or person; assuming the network a network is built to support at a global scale
Masternodes are created when 1,000 Chaincoin (CHC) are sent to the server’s wallet, a form of Proof of Stake – where Masternodes are considered long-term holders, and thus they receive voting rights on the proposals in the network.
The masternode step-up process does consist of many steps, however, the benefit for properly setting the network is worth the financial and community rewards. YOU, become a real integral part of the community, where each one of up provides importance. Masternodes are paid 25% of that block’s reward; blocks
Masternodes are paid 25% of that block’s reward; blocks are paid out frequently.