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This is the wiki covering the Pascal Coin cryptocurrency.
The first Alt-coin designed to work without a historical operations requirement, yet is still able to control double spending or check balance.
The Pascal Coin blockchain can be deleted at anytime, and Pascal Coin will continue working perfectly, without the problem of double spending.
This is NOT a variation of the "mini-blockchain" system. It's a new method to work without needing the blockchain.
Technically, Pascal Coin uses a SafeBox hash, modified each time a new block is generated in the blockchain. When this happens, SafeBox is updated with block operations, and then generates a new "SafeBox hash". After this, the entire blockchain could be deleted without losing double spending efficiency, because the balance of each account is included in the SafeBox hash. SafeBox size is growing, but only 5 new accounts are created per block to control the size.
Pascal Coin is an "easy to understand" and "easy to work with" Crypto, because it is very similar to a bank. Using "easy to remember" accounts instead of cryptographic address's, and everybody will need have a personal account to receive/send coins.
The Pascal Coin concept was introduced by a White Paper wrote on July 2016.
Read White Paper Here
1 month later, on August 11 2016, the Pascal Coin blockchain was created and all source code was made public under the MIT license, including a Wallet/Blockchain explorer/Miner application.
Average block time - 5 minutes
Pascal Coin use's 4 decimal values: ex. 15.1234 (15.12345 is not a valid value)
Initial reward per mined block is 100.0000 Pascal Coins per block.
Pascal Coin uses self creating accounts. Each block produces 5 accounts
3 operation types can be done with Pascal Coin: (On initial version)
Extended protocol V2 and V3 added some new operations
In order to easily operate with Accounts, each account has 2 extra verification numbers.
Cryptographic keys (elliptic curve keys) used by Pascal Coin can be one of:
Genesis block was created on August 11 2016
This coin has NO PREMINE. All coins have been distributed to miners from block 0.
Written in the Pascal programming language. This is the first cryptocurrency written in the Pascal programming language. Easy to understand for students and binary multi-platform compatible. (like "C++", the language used to make BitCoin)
Pascal Coin works with ordinal numbered accounts instead of complicated cryptocurrency addresses, yes, like a traditional bank (from account "0" to account "XXXX")
Crypto keys (Public key/Private key) are not part of the address like Bitcoin, keys are used as a personal password to operate with your accounts (like a password PIN), wallets can also be locked with a password.
Due to the White Paper explained concept, historical transactions can be deleted, but there will always be some nodes with all historical transactions to check consensus on the blockchain.
Current status of the project is in hard development:
All help is welcome.
Pascal Coin author and main developer is Albert Molina. Contact: [email protected]
Best blockchain explorer is included in the Wallet if you install it. Also, a web explorer is available here: http://explorer.pascalcoin.org
Source code at Github: https://github.com/PascalCoin/PascalCoin
Wallet installer, Binaries, OpenCL miner and blockchain: https://sourceforge.net/projects/pascalcoin/files/
Feel free to make a donation to help the Pascal Coin developer!
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