Technical Data
For those wanting to dig deep.
This is the technical deep-dive into blockchain. More specifically, into our blockchain, that we have called "ServerChain". Not a whitepaper, but it serves as the same thing, including a delve into the code.
Why ServerCoin?
There are a few problems that blockchain still has. The first main issue, is the amount of energy used by mining and securing the network. Some chains have solved this by changing their consesus mechanisms from Proof of Work (PoW) to Proof of Stake (PoS), meaning that instead of mining coins and using lots of electricity, the validators who win the popular vote all work together to create blocks.
ServerChain takes it one step further. While using a Delegated Proof of Stake mechanism to gain consensus, it was created in PHP, meaning it runs on web servers which are already powered up 24/7. Minimal extra power is needed (it probably can't actually be measured) as even without acting as a node, the web server would be online anyway.
It was also created to be simple. Not only simple for people to run a node, but simple for people to build on the network. This site is also home of some web services, to show that blockchain can be used for many different everyday functions. We want people to use blockchain technology, even without realising.
Great ideas, but surely other chains exist like this?
Well, we honestly don't know, as there are so many blockchains out there now. But we honestly don't care, because we are doing our own thing for our own reasons, and we are learning along the way.
Tell me more
ServerChain aims to solve as many problems as it can. It will grow over time and adapt as much as it needs in order to solve problems and service its users. Scaling is another issue we aim to address, more details to follow.
Show me the Money!
As the chain is currently being developed, no code is being released. This page will be updated in future to go more into detail about code, functions and API methods. Watch this space!