Kick v Ether | Table O Contents

The Kick coin is an ERC-20 crypto currency …

Kick v Ether | Table O Contents

Note. The Flammarion Logo Badge in the page header above is an .svg image file set to the dimensions of 5% width, auto height, and zoom. Go ahead and test the zoom-out feature by hovering over the badge to engage the expansion of the image.

ERC-20 Standard

Hint. Place the intro paragraph ie.) the ‘hypothesis’ here …

(1) KICK = 0.0005 ETH, or 5 ten-thousandth’s of an ether, commonly known as a “unknown”.

Fungibility

More to come …

Kick Economy

Do you wish to become a member of the KICK economy?

Authorized Coin

There are approx. 448 million KICK coins authorized at inception.

Consensus Mechanism

A Consensus Mechanism ensures the accuracy and order of the chain of data blocks within a blockchain.

Proof O Work

The Proof O Work consensus mechanism relies upon the timely discover of a target hash by an independent miner.

Target Hash

How to invoke a Target Hash in Python.

Open up a Terminal window in High Sierra.

From the Terminal prompt …

First, engage the python interpreter by typing the command ‘python’, as follows:


python

Second, import the Python ‘hash library’


import hashlib

Thirdly, print to the screen the target hash of the following text statement using the SHA256 algorithm.

print hashlib.sha256("The Satoshi is a very small fraction of one Bitcoin. In fact, the very smallest fraction transmissible!").hexdigest()

Returns the Target Hash …


6afa74e7530498558caef0a7a60e6695926f169efcb914d9c7b2d56caf0ba2fa

Finally, type ‘Command-Q’ to exit the interpreter and close the Terminal window.

Match Hash

So, you wanna mine Bitcoin (BTC), heh?

Using a SHA256 algorithm, find the matching hash.

At the rate of 150 quadrillion hash calculations per second, how many Peta Hash (PH) per second of computing power are required to discover the next block in the Bitcoin (BTC) blockchain at a difficulty rating of less than ‘000000000000004’ assuming a time window of 10 minutes?

Answer: Approximately 100 (PH)

Independent Validation

“Shared rules ensure perfect blocks!” ~ Satoshi Saki

CSA Consensus

100 nodes
solar sourced electricity
Foundation panel of (9) tie-breaker

The Reward

Assuming you have hopped through the above flaming hoop unscathed, what shall be your reward?

Answer: 50 BTC?, 25 BTC?, 12.50 BTC? 06.25 BTC?

Every (4) years the award gets cut in half.

Not to mention the difficulty factor increases to keep up with technological hardware and software advances in order to hold the expected time window for finding the target hash at a duration goal of 10 minutes.

Burn, baby, burn!

Conclusion

Now, THAT’s a disco inferno!

Last Subtitle