July 18, 2021

Download: >> https://www.goldcoinproject.org/downloads.html

(Note: This is an update to the desktop client. This update does not impact mobile users.)

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[Background]

As our network continues to grow, we are seeing an increase in transaction count and block size.

A few weeks ago, a 6MB block was mined. This is the first time since v0.14.5's initial release (which increased our block size to 32MB) that a block greater than 2MB had been mined. This resulted in a previously unknown bug in the client being discovered that banned nodes containing blocks greater than 4MB.

This bug has been fixed in v0.14.8.

[How to Upgrade]

-- If you are running an older version of the client, and it's in sync and working, simply close the client and upgrade.

-- If you are installing the desktop client for the first time, simply download and install the update.

-- If you are currently running a client that won't sync with the network, follow the steps in the next section.

[Stuck Clients]

If you are currently running an older version of the Goldcoin client that will not sync, you must close the client and delete the /blocks and /chainstate folders in the data directory. The directory locations vary depending on your operating system.

Windows: Users/<username>/AppData/Roaming/Goldcoin

MAC: ~/Library/Application Support/Goldcoin

Linux: .Goldcoin

Once you have closed the client and deleted the /blocks and /chainstate folders. Install the latest update and allow the client to resync with the network.

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For additional support, please reply here or use our #support channel in Discord.

Discord: https://discord.me/goldcoin

This is a comprehensive guide for installing BlockDX with XLite on a desktop or laptop computer.

If you already have BlockDX and XLite installed and configured, you can jump to step 3 of this guide.

(1.)  Download and install the latest version of Blocknet.



After the wallet is installed on the machine it will take some time to complete its sync with the network. You can minimize the window and allow the process to continue as we move to step 2.

(2.)  Download and install the latest version of XLite.



The is a lightweight wallet where you will store the various cryptocurrencies like BTC and LTC that you will use when trading Goldcoin. You will asked to create a password and to record your mnemonic seed. Complete the steps and move to step 3.

(3.)  Download and install version 0.14.7 of the Goldcoin client.



After the wallet is installed on the machine it will take some time to complete its sync with the network. You can minimize this window and continue working on your machine while the Blocknet and Goldcoin wallets sync. This could take a few hours depending on your hardware and internet speed.

Do not proceed to step 4 until both the Blocknet and Goldcoin wallets have fully synced with the network.

(4.)  Download and install the latest version of BlockDX making sure your Blocknet, XLite, and Goldcoin wallets are all opened.

Go through the setup. The BlockDX application should automatically detect your Blocknet and Goldcoin wallets. Follow the instructions and restart both the blocknet and goldcoin clients. Once the clients have been restarted and are again open, proceed to restart BlockDX.

Once the BlockDX application opens navigate to Add and Update Wallets from the main menu. Choose XLite and complete.



You should now have a fully configured desktop trading workstation. Your very own exchange!

[Support Resources:]

Blocknet Discord: https://discord.gg/Nz7Dy4j

Goldcoin Discord: https://discord.me/goldcoin

Blocknet Telegram: https://t.me/Blocknet
 
Goldcoin Telegram: https://t.me/goldcointalk

You can now proceed to depositing funds and trading. In order to trade you will need to deposit a small amount of BLOCK. You can obtain a small amount of BLOCK in the Blocknet Discord or by replying with your BLOCK address in this thread.

It's been a rocky road these past 8 years and most of the speed bumps have come from CEX exchange failures.

Here's a non-exhaustive list of exchanges that have either been hacked, closed, or decided to delist Goldcoin. Most often times resulting in the loss of funds to our community. There were around 6 million GLC lost during the Cryptsy hack alone.

• Altilly (hacked)
• Cryptsy (hacked)
• Bittrex (delisted then .25 BTC w/ fee.)
• C-CEX (hacked)
• Cryptopia (hacked)
• TradeSatoshi (closed)
• P2PB2B (delisted)
• CoinEX (hacked)
• Bter (hacked)
• Novaexchange (closed)

So today, we'll be moving away from antiquated CEX exchanges and upgrading exclusively to DEX (decentralized exchange). And we've selected BlockDX to be our first DEX. This doesn't mean that GLC will never be listed again on a CEX, it just means our small team won't be chasing them.

There will be two primary challenges as we make this transition. First, Coinmarketcap and other index providers currently do no recognize BlockDX market price or volume. Secondly, it can be challenging for users to setup and configure their trading environments. The first problem will take care of itself mostly as DEX trading continues to grow in popularity.

For the second challenge, we're created a dedicated BlockDX support channel on our Discord server. Here, our developers along with members of the Blocknet community will help users in setting up their trading software.

Get started today using the links below:

• BlockDX Download: https://blockdx.com/#downloads
• Discord server: https://discord.me/goldcoin
• Telegram: https://t.me/goldcointalk

[Note:] We are only able to offer limited support in Telegram. Please use Discord whenever possible.

Goldcoin is open-source community-based software. And exchanges don't have to ask our permission to list us. Likewise, anyone in our community is welcome to work on securing a listing with a CEX. But our entire focus and commitment moving forward will be to help pioneer the coming DEX revolution.

We are very excited about this new chapter in Goldcoin's history and thrilled to be at the forefront of this next chapter in cryptocurrency! 

Intro: The Goldcoin network is highly decentralized in everyway imaginable.  From our global network of client nodes, to the distribution of wealth, all the way down to the allocation of community resources (this list).

[Please find below a list of critical network resources and how they are distributed]


Team Resource Distribution:

Dr. Gerald Higginbotham

- GoldcoinWeb.com (website 2)
- GoldcoinTalk.org (message board 1, this forum)
- GoldcoinWallet.com (online paper wallet)
- Trygoldcoin.com (online goldcoin store)

Eric Britten

- DNS Seeder (vital to the function of mobile apps)
- Masternode 2 (vital to the 51% defense of our network)
- https://github.com/Stouse49/goldcoin-wallet (Android source code repo)
- https://play.google.com/store/apps/details?id=de.schildbach.wallet.goldcoin&hl=en_US (Playstore Listing)

Danny Oyekan

- Goldcoin.org (website1)
- t.me/goldcoin (chat1)
- Masternode 3 (vital to the 51% defense of our network) **
- https://apps.apple.com/us/app/goldcoin-wallet-by-toga/id1425249500?app=itunes&ign-mpt=uo%3D4 (App Store iOS listing)
- https://www.goldcoin.org/forum/ (message board 2) **

** indicates non-functioning resource

Yahowah Sky

- Slack (developer work space)
- masternode 1 (vital to the 51% defense of our network)
- gldcoin.com (vital to the operation of all network clients)
- netseed.net (vital to the operation of all network clients)
- Bitcointalk announcement thread
- https://github.com/goldcoin/ (client source code repo)
- t.me/goldcointalk (chat 2)
- https://www.reddit.com/r/goldcoin/ (Reddit)
- https://twitter.com/goldcoin/ (Twitter)
- https://www.facebook.com/goldcoinpage (FB page)
- https://www.facebook.com/groups/goldcointalk (FB group)
- Discord server

In my estimation, we have the perfect foundation for building the greatest currency in the history of mankind.

It really is the gold standard of digital currency. Goldcoin currently has a 15,000% greater capacity than Bitcoin with Tx speeds 400% faster. This is obviously an excellent starting point for competing in the field.



But how can we improve and provide users with an even better use-case and experience? Below I will detail my ideas for turning this project around and getting the markets back into the green.

1. We need the warning removed from Coinmarketcap.com since it has no basis. Both websites are in agreement in regards to the roadmap and whitepaper. And both sides have acknowledged publicly that our project has no owners.

Goldcoin is open-source and decentralized. The entire point of crypto is to get away from top-down central authorities. This is mainly because absolute power corrupts absolutely. Physical gold isn't controlled by a single country or single authority, and can neither perfect money.

2. Transactions must be private. A cash payment system isn't cash if transactions can be tracked on the blockchain. Any cryptocurrency lacking privacy that claims to be a cash payment system is lying.

Our team is currently exploring the best available options for adding this privacy feature to Goldcoin. I'll break that all down in a future thread.

3. Proof of Work is not sustainable and must be replaced, preferably within the next 5 years. I have written a whitepaper on a new consensus algorithm called Proof of Participation that can accomplish this task. It's still in the experimental stages, but we have determined that this will indeed work.

Turning this project around and digging ourselves out of this hole will not be easy. I certainly can't do it alone.

But by following these steps, and with the support of the entire community, we can easily achieve these goals and climb to the very top.

And I don't mean just the top of coinmarketcap, I mean becoming the most popular currency on this planet.

We are excited to announce that Goldcoin client development and testing of GIP1 is now complete.

New Features:

- Maximum block size increase to 32MB.
- New modern logo.
- Unit of account updated to 'GLC'.
- Tx increase to 1,120 TPS.
- GoldCoin branding changed to Goldcoin.

Notes:

This latest update has undergone extensive testing including various transaction stress tests. I would also remind the reader that all development is public and open-source. We encourage anyone interested in closely following or participating in development to join our team on Slack.

Schedule:

The binaries will be built this weekend and the software will be released next week. Once we have the exact date for next week's release, we will notify the community here.

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If you have any comments or questions about this topic, please write them below.

ASHEVILLE, NC -- November 5th, 2019

As Goldcoin embarks on its ambitious plan to replace PoW by developing a new PoP consensus algorithm, the team appoints Crystal Starre to the position of Administrative Director.

Former GLC Community Manager and current Event Coordinator at the Living Arts Foundation, Ms. Starre will begin overseeing the daily office operations of Goldcoin (GLC), including office management, technology, human resources, contracts and management of GLC administrative staff.

Starre brings proven management leadership skills to Goldcoin along with excellent interpersonal and relationship building skills. She has worked in corporate leadership for over 10 years and now serves community projects specializing in administrative and event planning.

The new Administrative Director will work to improve processes and policies, manage administrative staff, and lead long-term organizational planning.

About Goldcoin

Goldcoin is the world's first "Hard Money." A super secure value store and cash payment system. Fully decentralized and distributed. Fast and Free. It's Digital Gold for a New Generation.

Forward Looking Statements

This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.