Terracoin (TRC) is a person to person digital currency. It shares many similarities to Bitcoin in that it utilizes the SHA 256 algorithm and relies on the concepts outlined in Satoshi's white paper. Terracoin originated in late 2012 after a series of difficulties arose in other digital currencies. There will only be 42 million Terracoin produced. To learn about using and/or mining Terracoin visit the bitcointalk forum or the Terracoin website, Terracoin.io.
We are excited to announce that we have officially hired Ahmed Bodiwala aka Mrbodz to implement the following features:
Add all Terracoin specs to DASH code
Include all of DASH's features (Decentralized governance, masternodes, instant sent, private send)
Have masternodes cost 10,000 Terracoin the first month then go down 1,000 Terracoin per two months until it gets to 1,000 Terracoin
Help test for a month and a half
Windows, OSX, and Linux Wallets
We have great confidence in Ahmed. He did the original update for The Terracoin Foundation which updated TRC to the Bitcoin .12.1 code, and added merge mining and Dark Gravity Wave. We have agreed to pay Ahmed $4800 USD (to be converted to an equivalent amount of Bitcoin at the time of payment) and he said he will have the changes completed in two months. At the end of those two months we plan to run the testnet for a month and half to make sure that everything is working perfectly. After that the hard fork will happen two weeks later. That give us 4 months to accomplish as much as possible. Here are some ideas of things we can accomplish.
Spread the word as much as possible
Added to another exchange (bitsquare would be awesome)
Guides for new users
Weeklys turned into youtube videos instead of posts
Also, in about two months the difficulty readjustment kicks in. This will cause the block reward to cut down from 20 TRC to 10 TRC. All of these adjustments to Terracoin make this the best time to spread the word and invest in Terracoin. Terracoin has never had a brighter future then right now! Please donate to help pay Ahmed. Thanks! Bitcoin Donations address 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc Total Bitcoin Donated .17194391 BTC Terracoin General Donation Address 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p Total Terracoin Donated 34,656.89725820 TRC Feel free to join our public slack channel: https://terracoin.slack.com/shared_invite/MTgzODE5MDQyMjk1LTE0OTQ2MjI1NzYtZWQyZGYzMWU2OQ This link expires on June 12th. Numbers! 30 days ago we were at 0.00001516 BTC (.0215 USD) and today we are at 0.00000655 BTC (.0156 USD.) In the past 7 days we have not gone over the 10 cent (USD) price. We are ranked 302 on coinmarketcap with a market cap of $316,394 USD. Last week our market cap was $339,490 USD. Source: http://coinmarketcap.com/currencies/terracoin/
There has been a lot of worry that The Terracoin Foundation is loosing momentum and that nothing is going to get done in regards to implementing new DASH code, a website, or anything else. I am here to put your minds at ease. I have been trying to avoid hiring a freelancer and instead attracting developers who want to join the team on a promise of a better future for Terracoin. We have gotten a lot of awesome people to volunteer to help with development, web design, guides, and translations. All of these people have volunteered because they believe that implementing DASH’s masternodes and decentralized governance is the best way to improve Terracoin. Sadly, the code needs updating as fast as possible because people think we are loosing momentum. Our two current developers have full time jobs, and families so they can’t spend the time needed to add the major features we want for Terracoin. They are still members of the team, and will be available for troubleshooting and helping out once the testnet with the new code is up and running. The only way to do this quickly is to hire a freelancer. We are in final talks with a freelancer about adding the features we want. I believe that once the DASH code is up and running more people will join the team and the current team will be revitalized. We must keep momentum going and by putting down cold hard cash we can keep the momentum going. At our current negotiations with the freelancer we only need about $5,000 USD or 2 BTC. (BTC changes every minute which is why we are using USD as the standard). Please donate BTC as fast as possible so that we can get this show on the road!(See below) Thanks! Bitcoin Donations address 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc Total Bitcoin Donated .17194391 BTC Terracoin General Donation Address 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p Total Terracoin Donated 34,656.89725820 TRC Numbers! 30 days ago we were at 0.00001063 BTC (.0134 USD) and today we are at 0.00000718 BTC (.0170 USD.) In the past 7 days we have gone over the 2 cent (USD) price a bunch of times. Next week I will only be reporting how many times we have gone over the 10 cent (USD) price. We are ranked 297 on coinmarketcap with a market cap of $339,490 USD. Last week our market cap was $470,252 USD. Source: http://coinmarketcap.com/currencies/terracoin/ (This is below) The only reason I continue to run The Terracoin Foundation is because I truly believe that Terracoin will one day be the best cryptocoin out there, instead of just a minor altcoin. It will take a lot of hard work, change, and community input but it will happen. Implementing the features we are talking about is the second step (the first step being implementing merge mining and Dark Gravity Wave) in updating Terracoin to the coin it needs to be. Gathering a strong team which is paid a realistic amount is why decentralized governance and masternodes is so important. I believe in this so strongly that I have already told the freelancer that if we don’t get enough donations I will cover the costs. I am not some champagne drinking rich guy either. I just know this is the right thing to do for Terracoin even if it clears out my savings.
Merge Mining, also known as mergemining.com, is a merge mining pool that allows mining bitcoins BTC - Bitcoin, CRW - Crowncoin, DVC - Devcoin, HUC - Huntercoin, I0C - I0Coin, XMY/MYR - Myriad, NMC - Namecoin, SYS - Syscoin, UNO - Unobtainium, TRC - Terracoin, ARG - Argentum Terracoin is a cryptocurrency with a blockchain dating back to 2012. It is similar to Bitcoin, but with faster transactions, and improved security by having merged mining and Dark Gravity Wave difficulty recalculation. It also has DASH's decentralized governance and masternode technologies. Terracoin is a cryptocurrency with a blockchain dating back to 2012. It is similar to Bitcoin, but with faster transactions, and improved security by having merged mining and Dark Gravity Wave difficulty recalculation. Mining is one of Bitcoin’s most critical practices, but also one of its most misunderstood.. Our guide to bitcoin mining covers everything from the basics of where bitcoin come from and why this process is called “mining” to bitcoin mining centralization and energy use. You’ll find detailed information on bitcoin mining hardware, bitcoin mining pools, bitcoin mining profitability ... TerraCoin is a digital currency with a 2012 dated Blockchain. It has come to market in 2012. This cryptocurrency is almost similar to BitCoin but this coin offers faster transaction. This digital coin also offers enhanced security by the leverage of Dark Gravity Wave difficulty recalculation and merged mining. The cryptocurrency runs on sha-256, similar to BitCoin.
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