The whitepaper of the Duinocoin (DUCO)
The official whitepaper explains the idea, background and function of the Duinocoin (DUCO).
To understand a cryptocurrency, you should read its white paper - if it exists at all. For the Duinocoin (DUCO), its inventor has prepared an easy-to-read document.
The Duinocoin (DUCO) was specially developed for the Arduino UNO and uses a SHA1 chain. The Kolka system created by the DUCO developers themselves regulates the difficulty (dufficulty) to reward weak miners fairly. But how exactly does it work?
What is a white paper?
The somewhat strange term "whitepaper" (white paper, originally from the political sphere) is a short report or guide that succinctly presents the essence of a complex topic to give readers quick access.
The Duinocoin whitepaper concisely explains the idea behind the Duinocoin and how it works.
Duinocoin whitepaper rev.6 (PDF)
The official Duinocoin whitepaper is as a PDF file in the Github repository of Robert Piotrowski (revoxhere).
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The first of five pages of the Duinocoin whitepaper revision 6.
The whitepaper first explains what makes the Duinocoin:
What is [the] Duino-Coin?
Duino-Coin is a transparent, centralised, environmentally friendly coin, which is based on mining with low-power devices - especially with Arduino, ESP8266/32 and Raspberry Pi (or similar) boards, but also PCs and many other hardware configurations to earn coins. earn. DUCO (short for Duino-Coin) attempts to create a reward system, where low-power devices benefit the most.
The technical specifications give information about the algorithm used (DUCO-S1), that there is currently no limit to the number of coins and that the system uses up to 20 decimal places.
The form and the uniqueness of the Duinocoin project are pointed out and the mining on the basis of SHA1 hashes together with the unique Kolka system (so far based on Kolka version 1-4) is explained.
As a justification for a centralised ecosystem, the white paper cites the excessive effort of a decentralised system for a simple "fun coin" like the Duinocoin. In order to store personal Duinocoin in a decentralised way, users can use wDUCO and thus virtually transfer their DUCO to the TRON network.
The white paper ends with some important and practical links.
All in all, anyone who wants to get involved with the Duinocoin should read this short white paper.
