Tuesday, 7 June 2016

SOILcoin is an Ethereum-parallel cryptocurrency, using smart contracts and distributed applications (dApps) run over a "global computer network" secured by blockchain technology utilizing the Dagger algorithm. This "Ethereum Virtual Machine" (EVM) is fueled by the digital currency called SOIL, which acts as the gas that runs the computational processes on the SOILcoin network, and is minted through Proof of Work mining. SOIL is also a speculative currency available to trade against Bitcoin on Bittrex, an online cryptocurrency exchange.

This network features a Turing-complete programming language upon which anyone can build, deploy and interact with smart contracts. Smart contracts are accounts which contain code functions and can collaborate with other smart contracts. dApps (pronounced "eth-apps") can be built from solitary or suites of contracts, and can be used to make autonomous and automatic decisions, store data, perform computations and send SOIL to other accounts. These contracts will exist, and be executable, as long as the SOILcoin network exists. 

The ability to create smart contracts on the EVM is becoming more and more simplified, with very flexible programming languages The SOILcoin wallet, DUST, contains tools for anyone to get started. Smart contracts can be used to create "tokens" that reside on the SOILcoin network which can be used to represent anything of value, from a new altcoin to a federated peg of an existing crosschain cryptocurrency; from a participation reward for distributed scientific computing to shares providing dividends or voting rights within a Decentralized Autonomous Organization (DAO); from casual gaming in-game currencies to crowdfunding pledges; from an asset-backed method of investment to an AppCoin built onto a service; to an ownership certificate representing anything imaginable. 

Contracts are code-verifiable, and many applications and contracts are released open source. Each project featured as a SOILcoin Project Release will always maintain an up-to-date source code repository at GitHub, and we will endeavor to provide a consistently easy to follow user-guide with each of our releases. 

Complex dApps can be built, leveraging a symbiotic network of smart contracts, providing services and functions to end-users, running on SOIL as their computational fuel. The SOILcoin project was conceived to provide the platform upon which we could establish a scalable framework of applications that would ultimately serve several key life-essential industries: precision agriculture, environmental science, and renewable and green energy. 

Building upon the foundation of a perpetual and consensus-driven blockchain,the SOILnet virtual machine is censorship-free and collusion-resistant. Blockchain technology is hardened against tampering and revision, with a unanimity of record hosted by every node equally. Transactions, contract code storage, and code execution fees are recorded on continuous blocks on the network ledger, cryptographically secured and time-stamped. The peer-to-peer validation model of blockchain transactions is self-governing; with incentivization through the mining process of block rewards and transaction fees paid to participants These low-cost transaction fees, can be built upon with incentivized AppCoins for distributed cloud-storage, social networking, expert databases, contributions to scientific computational modelling, global and free education, renewable energy credits, etc.

Our goal is to provide decentralized applications tailored towards our pillar industries, in every manner imaginable. The SOILcoin Project is built on a futurist vision, and will take advantage of our position on the threshold of an imminent world revolutionized by Internet of Things (IoT) hyperconnectivity and hyper-innovative FinTech technology, a world of remote and autonomously driven precision agriculture and hyper-linked renewable energy grids, to build a cryptocurrency with a value not only to the miners and investors, but as a value to end-users by producing platforms and services relevant to bridging the worlds of cryptocurrency, virtual computing and our core industrial and social communities together.

SOILcoin leverages an infinitely scalable future-compatible and hyper-innovative programmatic platform, and as the technology available to use on this platform evolves at a meteoric rate, we will always be on the leading edge of this coming cryptocurrency fueled "blockchain revolution". As a development team, we maintain a dedication to managing our protocol to the highest standards for security and reliability as well as meeting the highest standards for personal and professional transparency and responsibility. We posses an enudring visionary approach to the ongoing evolution of the SOILcoin project, and we have the dedication and single-mindedness to succeed along the long road ahead of us to achieve these horizons. 

We will work continuously on official releases of services beyond wallet updates and the like. We are presently working on several projects, which will be detailed below in our short-term and long-term road maps. We welcome anyone who wishes to contribute to the future core development of SOILcoin to write us and introduce yourselves and your ideas. SOILcoin can only exist as a COMMUNITY. I have a THOUSAND ideas for projects that can be adapted to run on the EVM, making them UNIVERSALLY ACCESSIBLE for ever so long as SOILcoin exists, available to everyone and everyone EQUALLY..


a "memory-hard to compute, memory-easy to verify" Scrypt alternative, based on moderately connected "directed acyclic graphs" (DAGs). Memory-hardness is important to make the PoW (Proof of Work) function generally ASIC-resistant. This produces a more democratic distribution of cryptocurrency mining, making it cost-ineffective to run Application-specific integrated circuit (ASIC) mining rigs of the sort that have dominated Bitcoin mining over the past few years, pushing out the average cryptocurrency user in favour of large scale "mining farms" consisting of dozens (if not hundreds) of ASIC units, which leads to a centralization of mining into the hands of the few. The Dagger algorithm is designed to be resistant to that sort of mining,  making it feasible for the average user with either CPU or GPU mining to effectively take part in the mining process and blockchain verification.

We will be utilizing the PROOF OF WORK protocol to validate computer processing work for solving the equations required to validate the Blockchain. SOILcoins are "mined" using the "Hashcash proof-of-work" function by individual nodes which are verified by the decentralized peer-to-peer SOIL network. The process of "mining" is essentially the process of competing to be the next to find the answer that "solves" the difficult-to-answer block-unique mathemitecal problem for the current block. 

The mathematical problem in each block is extremely difficult to solve, but once a valid solution is found, it is very easy for the rest of the network to confirm that the solution is correct. Because there is a reward of newly minted SOILcoin for solving each block, each block also contains a record of which SOILcoin addresses or script is entitled to receive the reward. This record is known as a generation transaction, or a coinbase transaction, and is always the first transaction appearing in every block. 
TARGET BLOCK TIME: 15 seconds. 

We are working on creating not only just a speculative currency, but also a generalized network platform for decentralized applications. In the context of non-financial applications people tend to expect a much more rapid response time for the confirmation of transactions. Therefore, for the purpose of a stable AND efficient transactional platform, having a blockchain that is faster than the 10 minute blocktime for Bitcoin is essential. Arguments have been postulated that a faster block time creates more orphaned blocks (uncles) due to the delay of block propagation over the entire network, Having paid attention to our network intelligence page for some time, we have averaged less that 0.5% uncles with a 15 second block time which is statistically insignificant. 
BLOCK REWARD: 1 SOIL per block. 

Thus, with a proposed 15 second block time, the goal is propagate and verify approximately 5760 blocks per day, minting the same amount of SOILcoins each day.We have chosen this slow distribution model presently to combat inflationary pressure on the currency. 

A "soft-cap" of 33 million SOIL has been put into place. At our present distribution model, it would take approximately 15 years to reach this level. Not strictly set in stone, this issue will be revisted when SOIL approaches within 5% of its maximum mintage. 

SOILcoin has been built to ultimately provide services dedicated towards our preferential communities, and where we are NOW as opposed to where this project must grow towards is a massive undertaking. Technology has yet to catch up with my vision. But, as I have declared since our genesis, this is a long term project, and Im in it for the long haul. 

Ethereum (ETH) itself has teams of independent developers creating absolutely  wonderful applications and are consistently pushing the envelope of what we CAN build on the EVM, as well as a core group consistently working on the protocols behind the blockchain. And, as a massive sandbox of ideas, Ethereum may prove to be one of the most important inventions of this century. Within 5 years, programmatic blockchains will be the engines behind nearly everything we do. 

Having the SOILcoin Project as an independent blockchain, with a focus towards industries that not only are essential to our survival on this planet but are also among the fastest expanding into automation and interconnectivity, is important. Running parallel to Ethereum, and leveraging the technology available, repurposed to industries that are beginning already to rely on blockchain technology and the Internet of Things, makes for a more efficient network. 

Already, multinational corporations such as Microsoft (Azure) and IBM (Bluemix) have started "Blockchain as a service" entities, leveraging Ethereum and others. Costs can quickly become prohibitive for their services, and maintain external (centralized) services for cloud storage. But blockchains are about to become big business, and those services will become a part of the overhead of doing business and running a private special-purpose blockchain for ones company. 

Being able to provide these sorts of services, at a fraction of the cost, will be the lure in the end. SOILcoin must maintain a value on the market, as an asset. But the main reason that this blockchain has been built is to provide computational functionality, to RUN THINGS. Things connected by smart contract. 

SOIL is the fuel to run the network. The distribution of SOIL must meet an equilibrium to incentivize the miners AND keep the price below a certain threshold in order to keep the price of automated computations much lower than what corporate (centralized) offerings are.  

The SOILcoin network is just a machine. It is an instrument. It is a tool. One with unlimited potentials. Ethereum was described variously as Bitcoin 2.0 or Web 3.0... I think the programmatic virtual machine, either the EVM or SOILnet or Expanse, Shift, Krypton... each has its place. We may have changed the overall signpost to Homestead but this is still the Wild West.

SOILcoin isnt JUST another cryptocurrency. This isnt a development reached by changing a few lines in a parental algorithms code and releasing a clone for the simple sake of releasing a new currency. The SOILcoin project is the blockchain itself , and all its protocols; coupled with this is the development and repurposing of dApps built on the blockchain. Expanding it in new directions, testing its limits. Yes, we built ourselves our own little playground to play "what if?" on. 

There have been many cryptocurrencies released over the years, some poorly thought out, some outright scams, and some wonderful visionary projects. But its led to a glut of special-purpose blockchains built in order to incentivize distributed scientific computing, or zerocash protocols, or decentralized storage options. Each of these projects has merit on it's own accord, but each blockchain remains unable to operate with another blockchain. Each blockchain must rely on not only building its application and feature, but also in maintaining the community to mine the currency and make its engine run. 

Any cryptocurrency protocol can be duplicated to run as a smart contract hosting its own token on the SOILcoin network. And these sorts of protocols, along with a host of other smart contracts, can be built to ultimately serve the needs of the Pillar Communities that SOILcoin has been built to provide service to. Each token is immediately compatible with other contracts running on the SOILnet. 

As disruptive as blockchain technology is, I have always been a believer in the "information should be free" mantra. I think thats what attracted me to the open source concept of cryptocurrency in the first place. It is truly the technology of the people. 

And in building this programmatic global (slow) super-computer, we have built the foundation for building a community on top of a cryptocurrency. 

Beyond being a high-end financial application, which the blockchain excels as doing, it is a network upon which anything can communicate. 

EVERYTHING is becoming automated. The "Internet of Things" is creating an interactive network populated not only by computers and smart phones, but also televisions, coffee pots, clothing, drones, digital cameras, tidal bouys, streetlights, weather stations, vehicles, houses, office buildings, bridges, offshore wind and tidal farms, seaports... each with its own unique address. Each, a sensor that evaluates, measures, gather data. 

The SOILcoin network is the intersection of this data, and then leveraging it with an infrastructure that can autonomously analyze it in real time. SOILcoin is already integrated into the ROKOS OS build for Raspberry Pi as one of its core flavours, which gives the ability for the SOILnet to be integrated into anything. 

The smart contract system, which improves in accessibility every day, makes it possible to simply have these devices, as represented by their addresses and the data they provide, interact with one another... or with end-users. The scenarios of these implementations are endless. With SOILcoin, I wanted to build a project that focused on how to deliver these same disruptive future technologies to industries and communities outside of the direct financial technology circles.

A "Massive Global Computer" linked by independent participatory nodes, upon which one can create anything, can be truly the engine of a revolution on how we interact as a species. The SOILnet makes borders invisible, and a community arises that is not geographically based, but spiritually so. We can harness this "potentiality engine" to build services that are dedicated to making this world a better place. 

Cryptocurrency has often been billed as the harbinger of the end for global poverty because it eliminates the need for centralized currency against arbitrary and regulated values. It provides global access to asset management to the "under-banked" and bypasses governmental regulation and prohibitive third-party fees. In the same way, I see the SOILcoin project as bringing a dispersed access to value and information, to becoming a BRAND. 

We have a long road ahead of us, and presently, have been flying under-the-radar. We have a lot of projects building in the wings, and will be developing aspects of the SOILcoin project into the distant future. The belief is that by using collaborative innovation, fueled by open processes and open accessibility we can accelerate innovation – to make a better world – and to leave nobody behind. 

NO cryptocurrency can survive without an involved community of investors and miners. While the focus of this currency is on the end-users who essentially stem from industries without a specific connection to altcoins, we must at the same time keep our vision turned inward and maintain an informed and empowered community of users.

The SOILcoin Project is envisioned as an authentic community-managed cryptocurrency, with democratically realized stakeholder input put forth towards the further evolutions of the core protocol and its applications. The core development team maintains an adherence to an implicit dedication to verifiable transparency and professional responsibility. 

Source code for the project, as well as for any project the core development team is releasing, will always be maintained in our github repositories, and we will maintain a commitment to an open source, free license technology with unfettered access.  

The overall decision making on core protocol issues will be achieved through consultation with the community of users, utilizing a fair voting process by the people who invest in SOIL. This process, using a vote weighted strictly by ones wallet balance, where 1 whole unit of SOIL conforms to one vote on an issue.

Much of this process will soon be enshrined in the SOILcoin DAO. The SOILcoin Foundation will own the contracts that will enable the voting process to be achieved through democratic balloting as well as host such services such as digital identity registrations and "domain name" registries. 

Projects released by the development team; such as SOIL-ex, our distributed exchange and BTCrelay; will be treated separately from the DAO, but in the overall scheme of things, are the property of the SOILcoin Foundation, and will be hosted on the community development servers. 

Should a board of directors be decided upon as a means of going forward, this Organization will host the contracts responsible for the operation of the "official" developmental entity of SOILcoin. This is a more complex but perhaps more desirable scheme, and in a sense each director would be represented by a smart contract, combined to interact with a "board of directors" smart contract. 

Any community member that wants to work on the protocols and core development projects of SOILcoin, please feel free to write me a note. 

2nd half 2016 

-SOIL-DAO : an expandable suite of contracts to facilitate democratic voting and decentralized governance of the SOILcoin project
-KYC dApps : "Know Your Customer" applications featuring identity verification and linkage between identity, reputation and wallet.
-SOILex phase2 : streamline front end, adjust platform to allow delisting of subcurrency registration on exchange, incorporation of further relays to SHA256 currencies (Namecoin[NMC], PeerCoin [PPC], Unobtanium[UNO],  etc.)
-SafeMarket : porting of project onto SOILcoin network for decentralized p2p asset trading
-PreciousMetals : asset-backed precious metals market, tokens pegged to platinum, palladium, silver, gold (already purchased as part of SOIL coommunity assets: 1oz PT and 2ozPAL to begin setting up tokens.)
-Android and iOS wallets : update of Android wallet  and build of iOS wallet
-decentralized storage : IPFS and Storj-type availability
-3D printer contract

Farmers and ranchers worldwide are quickly migrating towards "precision agricultural" methods, integrating satellite observations, ground-based sensors, and automated tractors and farm machinery to apply the exact amounts of seed, water, fertilizer, and so on - literally meter by square meter - so that maximum efficiency, spatial and time management in food production is realized. Automation also assists in combating the endemic labour shortage 

Nursery operations rely on automation for planting, pruning, grafting, etc. Poultry farms rely on heavily automated controls to work with their flocks and herds, to run incubators, candling machines and chick sorters. Dairy farms run automated milking machines, herd monitoring and biosecurity programs. Biomass generators using farm waste and perennial energy crops to provide electricity and fuel are becoming more and more common, 

IOT "food computers" invented and shard by MIT's OpenAg program, to warehouse sized "vertical farming" initiatives are changing where we grow food, and using network connectivity to micromanage each plant individually. Concerns over our genetic modification, food sources and supply-chains are changing the way we purchase our food.

A new movement is gaining momentum regarding "open source agriculture", freely sharing not only participants technological innovations, but also its business model, operations manuals and marketing materials, with the goal of creating an ecosystem of similar enterprises cooperating as a sort of bottom-up, decentralized franchise. Hyper-inclusive farm management software, run on cloud services, gives modern farmers and ranchers access to soil maps, rainfall tracking, nitrogen monitoring, crop health monitoring as well as accounting and inventory control.

Many of these processes are controlled by centralized servers which are subject to real world hardware failures which cost productivity and affect the bottom line. Studies have shown that the average annual electricity cost of an in-house server in the United States, accounting for both direct IT power and cooling costs, runs $731.94USD.

Other agricultural applications are run on subscription based cloud servers, many of which can cost anywhere from $25-85 a month in basic costs, with surcharges for outbound bandwidth, etc. on top of that. The higher CPU power, storage space and RAM you need, this cost increases exponentially. Dedicated Farm Management platforms charge subscription rates of $70USD/month and more.

By placing these sorts of applications in a cryptographically secure and globally decentralized environment, the end-user can see reduced costs compared to both on-premise servers and virtual cloud servers. SOILcoin will, within the next few years, be capable of hosting any sort of these applications, run on a "pay-as-you-use" format, utilizing SOIL to fuel those needs, with computational costs coming in at thousandths of a penny per use.

Smart contracts running on the SOILnet can potentially provide end-users with ersatz cloud farm
management capabilities, managing everything from driverless tractors to poultry incubators, from seed genetic registration to livestock registries and provenance, from irrigation sensor controls to robotic nursery pruning machines controls, from rainfall forecasts to soil analysis and diagnostics.

ResearchMoz has predicted that the agricultural autonomous project  market will grow from $817 million from 2013 to a staggering $16.3 BILLION by 2020. The Food and Agriculture Organiztion (FAO) at the UN predicts that food production must increase by 70% over the next thirty years, in spite of limited availability in arable lands, climate change and a diminishing supply of fresh water. The aim of the agriculture sector is to optimize its production processes and streamline how it uses resources such as arable land and fresh water. Use of automation, the Internet of Things and a decentralized application network can enable all that. Ag-business is going through a re-interpretation of the farming practices through use of data-centric technologies. creating a smart agri-food industry. 

A major concern is also raised about the role of giant companies such as DuPont, John Deere and Monsanto and agricultural data ownership. Who is the owner of soil sensing data collected by sensors connected to a Farm Management Network? The farmer, the software company or Monsanto? And if it is the corporate body, what does it do with that information? This can quickly lead to price discrimination: data on the soil or on the water could be used by biotech giants to charge farmers and ranchers  differing amounts for the same product or service.

2nd half 2016

- Commodities : oracles set to fetch hard and soft commodity prices from Chicago Mercantile Exchange APIs. 
- Provenance : food-chain custody records
- FarmShare : community realized local agriculture support
- FarmHack : IPFS stored open source Farm Hack projects. 


- AgSmart : expert knowledgebase records and forums
- Farm Manager : first phase of Farm planning, accounting, analytics and management contracts. 
- OpenAg : integrate SOIL node into MIT food computer system.
- sensor integrations with SOIL-enabled RaspberryPi synthesis  (livestock health and welfare monitoring, Electronic ID tags assimilated with single animal wallets, air and soil sensors, equipment telematics, livestock biometrics, etc)

A report released by the US Department of Energy's National Renewable Energy Laboratory found that the ability to provide 80% of America's electricity needs by 2050, using renewable energy with  technology that is commercially available today is a reasonable proposition. European and Asian nations have embraced renewable energy as part of their strategies for energy production going forward. What is needed is a system that can dynamically meet the supply/demand balance with technologies such as "smart grids", demand forecasting, and increased operational coordination.

Software applications are currently being utilized to conceptualize the collector systems, determine wind and solar penetration and perform grid interconnection studies. Other  programs are used to monitor wind turbine performance, solar panel & inverter performance, solar and wind penetration studies, and grid interconnection studies.   

Smart contracts are already being designed to help monetize microgrid generation, and build community energy markets. Virtual metering and local energy trading applications are in the process of being built, and projects such as Reposit can be built onto the SOILnet, wherein one uses smart contracts to automatically buy energy during off-peak hours and sell it back when the grid is short of power.

Virtually every green energy design, development and delivery application can be built, and interconnected using smart contracts as the dApps ecosystem on the SOIL virtual machine is enriched. As smart contracts can be built to be inter-communicative, bridging these technologies to collaborate with one another will be possible.

Distributed generation is produced or stored by a variety of small, grid-connected devices referred to as distributed energy resources (DER) which include small hydro, biomass, solar, tidal, wind, and geothermal power.

These energy technologies can benefit from inter-communicative smart contracts governing every part of renewable energy deployment from collection design, optimization and eventual grid deployment, from large scale distributors to small community run collectives.

2ND HALF 2016

- MICROgrid contracts : set up of microgrid photovoltaic generated power to be recorded and shared among participating neighbors. This will make it possible to purchase and sell renewable energy among local community members, offering neighbourhoods with microgrids a way to create a local incentivized energy market while reducing emissions and pollution.
- "open source energy" : expert knowledge forum and database to promote the free distribution of open-source renewable energy technologies as well as research into "free energy" (pulsed, gravitational and magnet-based systems), leveraging IPFS. 
- SolPy on SOILmodel solar (photovoltaic) system power performance based on design, geolocation, solar penetration, time of day, etc. This will be one of the first renewable energy databases set up o SOILcoin.

One of the first things we decided when working on the mission statement for SOILcoin was that we wanted to create an "Environmentally Conscious Cryptocurrency". Beyond building applications spotlighted for renewable energy, we wanted to provide a platform that provided positive socioeconomic growth for end-users involved in environmental organizations to organize DAOs,

2nd HALF 2016

-SEEDLINGS : The "seedlings" token is available for purchase on SOIL-ex, and will act as a "good karma" sort of program. SOIL will be partnering with treecanada.ca, supporting a forestry replanting effort. Costing 125 SOIL apiece, when valuation has higher, this would have covered the $4 CAD towards each seedling. 
This program is set up to help offset the carbon footprint that SOILcoin produces by running the blockchain, and the electricity used to make consensus from the separate nodes. The best estimation by formula shows that SOIL would need to sponsor one tree a day in order to cover the CO2 emissions created by SOIL. Twice a year, on the equinoctial days, the funds raised in SOIL would be sold off to market, using a 2 of 3 multi-sig wallet  and the results will be sent to treecanada. 

Using the SOILcoin virtual machine will leverage the global network for advanced computing capabilities to understand and solve complex problems. Algorithms and simulation/modelling applications will be developed to reconstruct and understand events such as earthquakes, tsunamis and other natural disasters as well as predicting weather, sub-atomic particle behaviors. Data analysis applications will be used for oil exploration geophysicsand computational linguistics.

Use of the blockchain and smart contracts to model real-world conditions, and smart-databases stored via sharding and IPFS gateways on the blockchain will solve the need for interconnected scientific assets, enabling transparent, reproducible and trans-disciplinary research.

As the SOILnet potentialities are nearly limitless, many scientific computational fields of study can be adequately designed, performed, shared, and stored on the verifiable blockchain ledger. Everything from protein sequencing and bioinformatics, to computational archaeology, chemistry, economics, engineering, forensics, geophysics, particle physics or neurosciences can be performed on the blockchain. Results can be verified, shared and reproduced. Geographic Information System technologies can be used for everything from LiDAR mapping to agricultural strategies and forestry management.

2nd HALF 2016

-climateprediction.net : The SOILcoin Project is actively working with climateprediction.net to build the BOINC (Berkeley Open Infrastructure for Network Computing) platform onto the SOILcoin network, to incentivize users to run climate models on people’s home computers to help answer questions about how climate change is affecting our world. These computer models simulate the climate for the next century, producing predictions of temperature, rainfall and the probability of extreme weather events.

All of these use cases are within the purview of development within the SOILcoin project, one that provides zero censorship, reliant up-time, cryptographic security and unhaltable scalability. We have planned, from our genesis, that this project will be several years of work, and here, within our first six months, we are already building the basic frameworks necessary to provide these services as the technology available catches up with our vision.

We encourage our community to become involved, to help design the distributed applications of tomorrow, to give their input where SOIL can grow and to tell others about this project. We encourage community members to build Decentralized Autonomous Organizations, and hope to bring DAOs to vast and varied associations such as environmental advocacy groups, agricultural collectives and scientific cooperatives.

We aim to be something much more than just a speculative cryptocurrency, much more than just a sandbox full of unconnected dApps. We have a vision to provide those services for the future for renewable energy from start to finish, to provide the necessary applications for every sector of agriculture and to contribute to the future of humanity thru the accommodation of an open source scientific computational platform.

Is the scale of our imagination untenable? Not at all. Where Ethereum wishes to produce Web3.0, we aim to provide something lasting and important for humanity. We hope you become a valued member of the SOILcoin community, and help us achieve that vision.

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