Originally Launched in March of 2014 Canada eCoin [CDN] is a scrypt algorithm digital currency with merge mine-able support that over the course of the last year has seen it’s share of challenges within the cryptocurrency ecosystem.
The original developers seem to have all but given up on the project over the course of the last few months but just recently their has been a resurgence of this coin as it looks as if community membershave taken over the development moving forward…
Community members have released the following statement with regards to Canada eCoin [CDN]:
“Please keep in mind, we are not the creators of the Canada eCoin [CDN] nor are we affiliated. We are just interested parties who wish we would have seen more from this coin from the start. So, we are going to do what we think should have been done in the first place. We are not aware of what happened to the original creators of this coin and we hope we are not stepping on any ones toes as
the community will take over development path of Canada eCoin [CDN] from this point on. Thanks for all the support from community members around the world, it is obvious we are all now on the right path.”
“DISCLAIMER: We are not affiliated in any way with the owners/creators of the Canada eCoin project or with any government or government agency. We are all Canadians, this is a team thing.
TO THE NAYSAYER: We don’t believe our coin or any other are intentionally created to be used for bad things. We think that the abilities wrapped up within a blockchain are exciting and interesting. We also believe that when governments around the world learn how to use one properly they will be joining in on all the fun.”
New developers of Canada eCoin [CDN] are currently working on bringing applications together to serve as consensus gathering and distribution tools, a general forum and will also be updating the core of Canada eCoin [CDN] to include all bug fixes from it’s mother-coin Litecoin.
Developers are planning to create the Canada eCoin Foundation for tracking of projects, people and funding and we will be asking the users of the Canada eCoin to vote forward the features and structure of the organization. The Canada eCoin team encourages all users to join the Canada eCoin Foundation when launched as it will serve as a body for a unified voice.
Details of specific applications and time-lines are unpublished currently due to re-organization and schedule changes which depend on funding and manpower. As the foundation gets established all of these details will become public knowledge and consensus driven.
Developers further state:
“Patience is appreciated as we are all family oriented employees who donate their time to do this work out of the goodness of our hearts. We are working for free now so our children can be free later.“
A published ‘birds eye view’ of a work-path for expanding blockchain technology into service delivery using Canada eCoin and Ethereum as public ledgers with the intention of creating GigaGeek DAO, a peer-to-peer service delivery platform which will be publicly owned using a third blockchain (Asset, GigaGeek Peer Share) http://todo.ourcoin.ca
Addition of Canada eCoin CDN into Coinomi (Universal Bitcoin Wallet, http://coinomi.com/) the launch of two Mercury Servers (more Electrum) has been successful giving Canada eCoin CDN an extra boost in it’s goal of also being added to ShapeShift.io in the near future.
Developers are also working on a community social network using BitVote (https://bitvote.github.io/) and Ethereum (https://www.ethereum.org/) for consensus gathering, a rewards program for contributors (and on/off-line verification) as well as a new Twitter-Bot to engage users and give away Canada
They also have outlined a road map here for more information: https://github.com/CanadaeCoin/announcements/blob/master/ann-cdn e08-25-2015.md
The new regime of developers stem from GigaGeek headed by Jason (koad) Zvaniga (owner operator of GigaGeek Industries, a digital living concierge and consultancy company)
About The Developers:
“We are a team of Bitcoin enthusiasts that came together to pick up where the creators of the Canada eCoin project left off. We have been working on this project like it’s our full time job because we are excited about the blockchain and the possibilities it affords our evolution in and out of the financial sector”
Canada eCoin runs 20x faster than Bitcoin. This results in lightening fast confirmations so Canada eCoin can be used in face-to-face retail with ease. Canada eCoin’s 30 second block target means you can have 10 confirmations within 5 minutes.
The Canada eCoin and Sidechain Development Team, est 2015 is User Experience Centric. This means that the main focus in the development of this bleeding edge technology will always be based around the comfort and trust of the user.
Along with the standard Bitcoin style apps that are well known and easy to use, Canada eCoin has many projects evolving to help make it superior to those who are new to the cryptocoin world while making it super effective and efficient for the expert.
Canada eCoin is an open-source cryptography project featuring a public blockchain, merged-mining support and an all Canadian advanced multi-agenda research and development team.
– 30 second block/confirmation target
– 100 million coins total
– Mining Algorithm: Scrypt – Merged minable as per Unified Scrypt Coin (USC) codebase (DEC-2013)
– 120 block maturity
– block halving interval: every 500,000 blocks (or about every 173.6 days)
– difficulty adjustment target: once daily
– Mainnet – RPC:34331 – P2P:34330
– Testnet – RPC:41331 – P2P:41330
Canada eCoin can currently be traded on Bleutrade exchange and is in the process of being voted onto Cryptsy and Cryptfolio and now has a live pool at http://pool.canadaecoin.ca
Canada eCoin [CDN] also has plans to collaborate with a number of projects within the ecosystem moving forward into the future though nothing is in concrete just yet… developers have been reviewing collaboration with start-ups Bountyshares, CoinRaQ and others that can show a solid, consensus based, use case driven nature to projects.
In conclusion Canada eCoin has always performed well technically in retrospect but has faced some challenges along the way as many coins including Bitcoin have over the last couple of years.
However, Canada eCoin has weathered those challenges and through it’s dedicated community and development team it looks as if Canada eCoin has a very bright future and should be considered a solid cryptocurrency that has stood the test of time unlike many coins “THAT HAVE COME AND GONE”
ceasing to exist within a 30 day time span…
Canada eCoin has shown to have staying power and the trust of a hard working community who has managed to keep Canada eCoin “ALIVE and KICKING”.