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Blackcoin Proposes Implementation of Peershares Concept

Avatar Yashu Gola 5 years ago

The Blackcoin community recently made a consensus over implementing the Peershares concept on the top of the coin’s blockchain. It will be called BlackShares.

It is written in the proposal that “a decentralized autonomous organization can create their own BlackCoin based blockchain and sell the tokens created during a PoW phase as shares of the organization. The organization is then able to pay dividends to the shareholders in theform of (real) blackcoins”– much like Peershares.

The Development Has Started

Putting words to action, one of the Blackcoin developers, known by the alias of ‘noerc’, has already forked the coin’s development tree in the daemon client. As per his claims, he was able to export “share addresses into the Blackcoin client” and further managed to allocate dividends as mentioned in the proposal above. He further asked other developers to work in their own trees and “pull requests” when they think their version is ready.

The idea here is to make a consensus over the received patches. They should be in treaty with the project’s coding conventions. In case they don’t match it, developers will be required to resubmit the patches.

“From time to time a pull request will become outdated. If this occurs, and the pull is no longer automatically mergeable; a comment on the pull will be used to issue a warning of closure,” said noerc. “The pull will be closed 15 days after the warning if action is not taken by the author. Pull requests closed in this manner will have their corresponding issue labeled ‘stagnant’. Issues with no commits will be given a similar warning, and closed after 15 days from their last activity. Issues closed in this manner will be labeled ‘stale’.”

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN...

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