BK_PHI



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Full MemberActivity: 210Merit: 100 [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield May 01, 2014, 02:30:03 AM

Last edit: October 06, 2014, 03:10:48 PM by BK_PHI #1

http://www.nautiluscoin.com

Twitter

Reddit

Facebook

Facebook Nautiluscoin Group

IRC :

IRC : http://webchat.freenode.net/?channels=Nautiluscoin

Wallets:

Download the Windows 64-Bit Wallet Here Download the Windows 32-Bit Wallet Here Linux/Ubuntu Available! Download the Signed Mac Wallet Here



Source Code:

https://github.com/nautiluscoin/nautiluscoin

Block Explorer: http://explorer.nautiluscoin.com

Nautinsight Block Explorer: http://nautinsight.buddylabsapps.com/

Nautiluscoin.conf:

Quote rpcuser=yourusername

rpcpassword=yourpassword

rpcallowip=127.0.0.1

rpcport=1161

port=11161

daemon=1

server=1

gen=0

addnode=54.186.223.183

addnode=54.187.101.97

addnode=74.208.230.160

addnode=184.155.218.183

addnode=71.227.74.98

addnode=188.194.8.82

addnode=109.201.154.157

addnode=184.155.218.183



Exchange listings:









AllCrypt

Bleutrade https://bleutrade.com/exchange/NAUT/BTC

Bittrex https://www.bittrex.com/Market/Index?MarketName=BTC-NAUT



Coinnext https://coinnext.com/trade/NAUT/BTC

Cryptsy https://www.cryptsy.com/markets/view/207





Mintpal



Poloniex



Use Crypto









Pools:



Coinmine.PW

0FeePool

Altmine

Uberpools

Bitember

Coinsinfo

Eobot

Mooo

Eliteminer http://naut.v2.dedicatedpool.com/ Clickandmine





Nautiluscoin is a next generation digital currency and free payment network designed to process transactions faster than Bitcoin with reduced volatility.



An Improved Digital Currency













Nautiluscoin was designed as a next generation digital currency. The rapid acceptance and ascent of Bitcoin has exposed several drawbacks in the original design. Volatility and slow transaction speeds may present hurdles for end users of Bitcoin. Nautiluscoin speeds up transaction time and reduces volatility making it an ideal global digital currency.





Faster Transactions









A transaction with Bitcoin requires an impractical ten minutes before it is confirmed, but with Nautiluscoin transactions are confirmed every sixty seconds. Keeping customers satisfied requires fast, secure transactions - with Nautiluscoin customers are on their way ten times faster than Bitcoin. Transactions are safeguarded from multi-pools using DigiShield.



Reduced Volatility













The price volatility of Bitcoin has been a stumbling block for wider acceptance. Nautiluscoin was designed with a self-stabilization mechanism - the Nautiluscoin Stabilization Fund. Whether you choose to convert your Nautiluscoin immediately or hold for the long run, our goal is to provide a deep, stable, and liquid market.





Nautiluscoin Specifications:



* Scrypt

* 159.39 coins per block

* 1 minute block target

* 16,180,000 total coins

* 1% reduction every week

* DigiShield difficulty retargeting

* 1% premine







Nautiluscoin Stabilization Fund:



Trading and Stabilization Operations

One percent of Nautiluscoin was pre-mined and partially used to establish the Nautilus Stabilization Fund (NSF). All proceeds from sales of the pre-mined coins allocated to the NSF will be used to place buy orders for Nautiluscoin. The NSF will actively make a market in Nautiluscoin to ensure a stable growth pattern. The goal of the NSF is to reduce price volatility while providing steady price appreciation. By allowing for price appreciation, the NSF will combat the effects of inflation on purchasing power.



NSF Explained



I have noticed a lot of chatter/confusion over the NSF so I though I would expand on the purpose and design. The inspiration for the NSF is Friedrich Hayek's book The Denationalization of Money.



Hayek believed that the state should not have a monopoly on the creation of currency - he viewed currency as a commodity that should compete for acceptance. He surmised that competition would create the strongest currency and society would benefit. The conclusion Hayek reached was that a weak currency (devalued) would hurt creditors as they would be paid back with currency that is worth less than when it was lent. For example, if I lend money at an interest rate of 10% but the currency falls by 20% I am really losing 10% of purchasing power.



On the other hand, a strong currency hurts debtors as they must pay back debt with currency that can buy more than when it was borrowed. So, if I borrow money at 10% and the currency appreciates by 10%, my interest rate is really 20%.



Hayek concluded that both debtors and creditors would gravitate toward a stable currency because it was mutually beneficially.



The biggest criticism of Bitcoin from the financial community is its volatility - everyone has the same question, "How can bitcoin ever become a viable currency if it fluctuates 10-20% a day?" The volatility is a huge flaw for BTC and it is why I created Nautiluscoin. A merchant must have a reasonable expectation that a currency can be converted to fiat if needed without losing 10% of its value. At the same time, those who want to use the currency must first buy the currency and need to be assured that they can buy enough to make a purchase without having to pay 10% higher to obtain the currency. In other words, a stable growth pattern is needed.



I share Hayek's view that a currency should reflect its supply and demand - if more people want to use it, the price should rise. Wild daily fluctuations will kill any medium of exchange.



My original concept was to use either a currency peg system or daily band. However, as we have seen countless times these systems are flawed. Once the market realizes the entity responsible for maintaining the peg is under-capitalized people abandon the currency. For a real life example we need not look any further than the breaking of the Bank of England.



The NSF is designed to act as a speed bump - when things get out of hand in either direction the NSF has the ability to step into the market. As with all systems the NSF has a flaw too - it can be overwhelmed. That is to say if a miner decides to dump, the NSF can only buy so much...alternatively if merchant and investment interest create tremendous demand the price can move rapidly higher.



The speed bump nature of the NSF is a way to gain acceptance, just like Hayek concluded. The NSF does not prevent the price from appreciating significantly, it just aims to make the pace reasonable so end users of the currency will be attracted. At the same time, the NSF cannot prevent the price falling to zero as it does not have enough fire power to buy every NAUT in existence.



A Real Life Example



The creation of the Get NAUTi shirts is a real life example of why a stable currency is needed. Between production and shipping the shirts will cost me around $18-20 - I must convert to fiat because the printer only accepts US Dollars. I decided to take only NAUT to illustrate how the system works. I am charging 200 NAUT for the shirts, which at current exchange rates is about $18. If miners decide to sell and the rate drops to 0.0001 BTC then I am only collecting $9, leaving me on the hook for $11 per shirt. I am willing to take this risk because I am trying to illustrate why a reasonably stable rate is needed.



Mrs. BK tells me I don't always explain what is going on inside my head, so I hope this helped more than confused



-BK







Development

Digishield





Digishield and latest updates were provided by the Digibyte team.





Nautiluscoin Roadmap





Digital Currency Vision Any successful venture in the capitalist system needs to solve a problem to have value. We view digital currencies as a way to efficiently transfer capital between private individuals fulfilling the basic function of capitalism. A community of like-minded individuals with a common goal can launch a digital currency to solve a problem, thereby creating value for the capital providers and receivers.



Mission

Nautiluscoins mission is to introduce digital currencies as an investable asset class and provide the premiere instrument for cryptocurrency investing.





Roadmap

There are three pillars to our plan:

1. Build a Community

2. Gain Acceptance

3. Continuous Development



Step 1: Build a Community

In order for Nautiluscoin to have value it must solve a problem. Our first task is to ask our community members what problem needs to be solved, with a particular focus on solving a problem that will attract interest of the investment community.

Substeps:

Social: Actively promote our solution to the altcoin community and to the investment community

Trading: Create a deep liquid market by listing the coin on high volume exchanges



Step 2: Acceptance

Identify merchants/investors/communities that could benefit by using Nautiluscoin. This could also include sponsorship opportunities like Dogecoin Car.



Step 3: Continuous Development

We will add full time development team to handle any changes/updates that will be needed.

Potential Development Projects

-Proof of Stake Implementation

-Nautiluscoin Card for Easy Merchant Acceptance

-Coinkite integration

The vision for Nautiluscoin is to raise awareness of digital currencies and to provide a solid investable asset for the coming wave of institutional investors. As institutional investors enter the space they will need strong, transparent coins with a broad an vigorous community backing. Our goal is to make Nautiluscoin the investment of choice for institutional digital currency investors.Any successful venture in the capitalist system needs to solve a problem to have value. We view digital currencies as a way to efficiently transfer capital between private individuals fulfilling the basic function of capitalism. A community of like-minded individuals with a common goal can launch a digital currency to solve a problem, thereby creating value for the capital providers and receivers.Nautiluscoins mission is to introduce digital currencies as an investable asset class and provide the premiere instrument for cryptocurrency investing.There are three pillars to our plan:1. Build a Community2. Gain Acceptance3. Continuous DevelopmentBuild a CommunityIn order for Nautiluscoin to have value it must solve a problem. Our first task is to ask our community members what problem needs to be solved, with a particular focus on solving a problem that will attract interest of the investment community.Substeps:Social: Actively promote our solution to the altcoin community and to the investment communityTrading: Create a deep liquid market by listing the coin on high volume exchangesAcceptanceIdentify merchants/investors/communities that could benefit by using Nautiluscoin. This could also include sponsorship opportunities like Dogecoin Car.Continuous DevelopmentWe will add full time development team to handle any changes/updates that will be needed.Potential Development Projects-Proof of Stake Implementation-Nautiluscoin Card for Easy Merchant Acceptance-Coinkite integration







Nautiluscoin was launched and created by Brian Kelly (BK_PHI)

Brian Kelly is founder and managing member of Brian Kelly Capital LLC, a global macro investment firm catering to high net worth individuals, family offices and institutions. He is also the creator of the BKCM Indexes, benchmarks for multi-asset money managers.



He has more than 19 years' investment experience trading U.S. and international equities, foreign currency, options, futures, metals and commodities. He has traded for many of the largest hedge funds, pension funds and mutual funds. Prior to BKCM, he was co-founder and managing partner of Shelter Harbor Capital LLC and managed the Shelter Harbor Capital Global Macro Fund. He was also co-founder and president of MKM Partners, a brokerage firm catering to institutional investment managers.



He graduated from the University of Vermont, where he received a B.S. in finance. He also holds an MBA from Babson Graduate School of Business with a concentration in finance and econometrics.



Kelly is a CNBC contributor and can be seen regularly on the show "Fast Money," "The Kudlow Report," "Money in Motion" and "Trading the Globe."



Follow Brian Kelly on Twitter @BrianKellyBK.







I created the coin to learn about cryptocurrencies and spread awareness...in the process I caught the altcoin bug!



Creating a cryptocurency has been a trial and error experience. The original version of the coin had older code and wasn't sufficient to compete in this evolving environment. However, with the help of the good people at Austin Global and Digibyte we believe we've got the best.





I selected the name Nautilus based on how they grow at a consistent rate over time and their protective powerful shells. With this coin's unique idea of a stabilization fund and top notch developers supporting it's shell, we think it's the perfect fit for this coin.









Faucets:



Coming Soon

[/center]Nautiluscoin was designed as a next generation digital currency. The rapid acceptance and ascent of Bitcoin has exposed several drawbacks in the original design. Volatility and slow transaction speeds may present hurdles for end users of Bitcoin. Nautiluscoin speeds up transaction time and reduces volatility making it an ideal global digital currency.A transaction with Bitcoin requires an impractical ten minutes before it is confirmed, but with Nautiluscoin transactions are confirmed every sixty seconds. Keeping customers satisfied requires fast, secure transactions - with Nautiluscoin customers are on their way ten times faster than Bitcoin. Transactions are safeguarded from multi-pools using DigiShield.The price volatility of Bitcoin has been a stumbling block for wider acceptance. Nautiluscoin was designed with a self-stabilization mechanism - the Nautiluscoin Stabilization Fund. Whether you choose to convert your Nautiluscoin immediately or hold for the long run, our goal is to provide a deep, stable, and liquid market.* Scrypt* 159.39 coins per block* 1 minute block target* 16,180,000 total coins* 1% reduction every week* DigiShield difficulty retargeting* 1% premineOne percent of Nautiluscoin was pre-mined and partially used to establish the Nautilus Stabilization Fund (NSF). All proceeds from sales of the pre-mined coins allocated to the NSF will be used to place buy orders for Nautiluscoin. The NSF will actively make a market in Nautiluscoin to ensure a stable growth pattern. The goal of the NSF is to reduce price volatility while providing steady price appreciation. By allowing for price appreciation, the NSF will combat the effects of inflation on purchasing power.I have noticed a lot of chatter/confusion over the NSF so I though I would expand on the purpose and design. The inspiration for the NSF is Friedrich Hayek's book The Denationalization of Money.Hayek believed that the state should not have a monopoly on the creation of currency - he viewed currency as a commodity that should compete for acceptance. He surmised that competition would create the strongest currency and society would benefit. The conclusion Hayek reached was that a weak currency (devalued) would hurt creditors as they would be paid back with currency that is worth less than when it was lent. For example, if I lend money at an interest rate of 10% but the currency falls by 20% I am really losing 10% of purchasing power.On the other hand, a strong currency hurts debtors as they must pay back debt with currency that can buy more than when it was borrowed. So, if I borrow money at 10% and the currency appreciates by 10%, my interest rate is really 20%.Hayek concluded that both debtors and creditors would gravitate toward a stable currency because it was mutually beneficially.The biggest criticism of Bitcoin from the financial community is its volatility - everyone has the same question, "How can bitcoin ever become a viable currency if it fluctuates 10-20% a day?" The volatility is a huge flaw for BTC and it is why I created Nautiluscoin. A merchant must have a reasonable expectation that a currency can be converted to fiat if needed without losing 10% of its value. At the same time, those who want to use the currency must first buy the currency and need to be assured that they can buy enough to make a purchase without having to pay 10% higher to obtain the currency. In other words, a stable growth pattern is needed.I share Hayek's view that a currency should reflect its supply and demand - if more people want to use it, the price should rise. Wild daily fluctuations will kill any medium of exchange.My original concept was to use either a currency peg system or daily band. However, as we have seen countless times these systems are flawed. Once the market realizes the entity responsible for maintaining the peg is under-capitalized people abandon the currency. For a real life example we need not look any further than the breaking of the Bank of England.The NSF is designed to act as a speed bump - when things get out of hand in either direction the NSF has the ability to step into the market. As with all systems the NSF has a flaw too - it can be overwhelmed. That is to say if a miner decides to dump, the NSF can only buy so much...alternatively if merchant and investment interest create tremendous demand the price can move rapidly higher.The speed bump nature of the NSF is a way to gain acceptance, just like Hayek concluded. The NSF does not prevent the price from appreciating significantly, it just aims to make the pace reasonable so end users of the currency will be attracted. At the same time, the NSF cannot prevent the price falling to zero as it does not have enough fire power to buy every NAUT in existence.The creation of the Get NAUTi shirts is a real life example of why a stable currency is needed. Between production and shipping the shirts will cost me around $18-20 - I must convert to fiat because the printer only accepts US Dollars. I decided to take only NAUT to illustrate how the system works. I am charging 200 NAUT for the shirts, which at current exchange rates is about $18. If miners decide to sell and the rate drops to 0.0001 BTC then I am only collecting $9, leaving me on the hook for $11 per shirt. I am willing to take this risk because I am trying to illustrate why a reasonably stable rate is needed.Mrs. BK tells me I don't always explain what is going on inside my head, so I hope this helped more than confused-BKDigishieldDigishield and latest updates were provided by the Digibyte team.Brian Kelly is founder and managing member of Brian Kelly Capital LLC, a global macro investment firm catering to high net worth individuals, family offices and institutions. He is also the creator of the BKCM Indexes, benchmarks for multi-asset money managers.He has more than 19 years' investment experience trading U.S. and international equities, foreign currency, options, futures, metals and commodities. He has traded for many of the largest hedge funds, pension funds and mutual funds. Prior to BKCM, he was co-founder and managing partner of Shelter Harbor Capital LLC and managed the Shelter Harbor Capital Global Macro Fund. He was also co-founder and president of MKM Partners, a brokerage firm catering to institutional investment managers.He graduated from the University of Vermont, where he received a B.S. in finance. He also holds an MBA from Babson Graduate School of Business with a concentration in finance and econometrics.Kelly is a CNBC contributor and can be seen regularly on the show "," "," "" and "."Creating a cryptocurency has been a trial and error experience. The original version of the coin had older code and wasn't sufficient to compete in this evolving environment. However, with the help of the good people at Austin Global and Digibyte we believe we've got the best.I selected the name Nautilus based on how they grow at a consistent rate over time and their protective powerful shells. With this coin's unique idea of a stabilization fund and top notch developers supporting it's shell, we think it's the perfect fit for this coin.Coming Soon

DigiByte



Offline



Activity: 1722

Merit: 1051





Official DigiByte Account







LegendaryActivity: 1722Merit: 1051Official DigiByte Account Re: [ANN] [PHI} Nautiluscoin - First Coin w/Stabilization Fund - Digishield May 01, 2014, 12:16:02 PM #12 Quote from: acdc on May 01, 2014, 11:55:54 AM Can you explain more details about how Digishield works?

DigiShield re-targets a coins difficulty to protect against multi-pools and an over-inflation of easily mined new coins. DigiShield was originally developed for DigiByte, but has since been implemented into Dogecoin and will soon be implemented into more coins including Nautiluscoin. DigiShield re-targets a coins difficulty between every block or in the case of DigiByte & Dogecoin, every 60 seconds.



We created DigiShield after seeing the threat that multi-pools pose to a crypto currency when they start mining a coin at a very low difficulty in relation to their net pool hash. This allows many coins to be quickly and easily mined before the difficulty increases. Once the difficulty increases the multi-pool leaves a coin, dumps the coins on the market, and then leaves the dedicated existing miners with a very high difficulty and very few new coins to be mined. This leads to a drop in price and frustration among the committed community members & miners of the affected coin.

DigiShield protects DigiByte against this threat and helps ensure greater confidence in any coin that implements it by allowing the difficulty to rise and fall almost perfectly in sync with increases or decreases in the net hash of a coin. The secret to DigiShield is an asymmetrical approach to difficulty re-targeting. With DigiShield, the difficulty is allowed to decrease in larger movements than it is allowed to increase from block to block. This keeps a blockchain from getting "stuck" i.e., not finding the next block for several hours following a major drop in the net hash of coin. It is all a balancing act. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two miners get lucky and find blocks back to back. The same thing occurs with difficulty decreases. Since it takes much longer to find the next block, you need to allow it to drop quicker than it increases.



The KGW (Kimoto Gravity Well) and Earthcoin approaches to difficulty re-targeting are not as effective as DigiShield in protecting against multi-pools. We conducted extensive testing over a five day period and found that an asymmetrical approach was much more effective than the KGW approach. We found that the difficulty needed to be able to decrease by a larger magnitude than it was allowed to increase. When the difficulty was allowed to increase or decrease at the same rate with larger orders of magnitude, some very bad oscillations occurred along with some crazy high difficulties when two lucky blocks were found quickly back to back. The asymmetrical adjustments keep the difficulty from going too high too fast, but allow it to drop much quicker after a large hash down swing as it takes a much longer time to discover the next two blocks for the difficulty adjustment to occur.



Both the KGW and Earthcoin approaches to difficulty re-targeting still allow multi-pools a few minutes of easy mining. For example, Earthcoin still gets hit my multi-pools for 11-12 minutes at time. Both approaches limit the amount the difficulty is allowed to change between blocks, which can become a big issue when a sudden hash decrease occurs. While simulating a sudden 10-20 fold hash decrease, KGW can become "stuck" for several hours before the next few blocks are discovered and the difficulty evens out again. The same issue exists with the Earthcoin approach. It can get "stuck" for 20-40 minutes following an 11 minute hash increase from a multi-pool attack. We know a 10-20 fold hash increase is unusual, but it is possible, especially as cryptocurrencies become better known. More than likely, we will only ever see more than a 5-10 fold increase. Nonetheless, we wanted to develop something that protected against even the most unlikely of hash jumps to ensure that we could handle sudden extremes very quickly.



In summary DigiShield is a balanced asymmetrical approach to difficulty re-targeting. You don't want to let the difficulty go too high too fast, but you need to give it enough room to catch up quickly. The same thing goes with down swings, since it takes longer to discover new blocks you need to give it more room to go down, but not enough to send it to the floor. DigiShield is by no means the absolute "perfect" solution to the multi pool/ difficulty problem, but after testing dozens of different setups over a five day period including KGW and the Earthcoin approach, the current ratios/ settings in DigiShield out performed any other solution available at the moment.



The DigiShield code can be found here between lines 833 & 1007:

https://github.com/digibyte/DigiByteProject/blob/master/src/main.cpp



Take a look at the Dogecoin difficulty chart:

http://www.coinwarz.com/difficulty-charts/dogecoin-difficulty-chart.

You can see how multi-pools have really been mining most of the coins and leaving the dedicated Doge miners to pick up the slack and get the short end of the stick when it comes to new coins. You can also see when DigiShield took effect and that no longer occurs.



Now take a look at the chart for DigiByte:

http://www.coinwarz.com/difficulty-charts/digibyte-difficulty-chart.

You can see how we would get "stuck" after a multi pool left us and it would take several hours more than our 2.4 hour re-target before the difficulty came back down. Had we not implemented DigiShield when we were hit with the 1 GH - 8GH increase we might have been "stuck" for a day or more. See how quickly the pool hit us and left, and more importantly see how fast the difficulty decreased back to normal levels? Since DigiShield went into effect, you can see how quickly multi-pools hit us and leave, whereby they mine considerably less coins now, upwards of 50-80% less. DigiShield re-targets a coins difficulty to protect against multi-pools and an over-inflation of easily mined new coins. DigiShield was originally developed for DigiByte, but has since been implemented into Dogecoin and will soon be implemented into more coins including Nautiluscoin. DigiShield re-targets a coins difficulty between every block or in the case of DigiByte & Dogecoin, every 60 seconds.We created DigiShield after seeing the threat that multi-pools pose to a crypto currency when they start mining a coin at a very low difficulty in relation to their net pool hash. This allows many coins to be quickly and easily mined before the difficulty increases. Once the difficulty increases the multi-pool leaves a coin, dumps the coins on the market, and then leaves the dedicated existing miners with a very high difficulty and very few new coins to be mined. This leads to a drop in price and frustration among the committed community members & miners of the affected coin.DigiShield protects DigiByte against this threat and helps ensure greater confidence in any coin that implements it by allowing the difficulty to rise and fall almost perfectly in sync with increases or decreases in the net hash of a coin. The secret to DigiShield is an asymmetrical approach to difficulty re-targeting. With DigiShield, the difficulty is allowed to decrease in larger movements than it is allowed to increase from block to block. This keeps a blockchain from getting "stuck" i.e., not finding the next block for several hours following a major drop in the net hash of coin. It is all a balancing act. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two miners get lucky and find blocks back to back. The same thing occurs with difficulty decreases. Since it takes much longer to find the next block, you need to allow it to drop quicker than it increases.The KGW (Kimoto Gravity Well) and Earthcoin approaches to difficulty re-targeting are not as effective as DigiShield in protecting against multi-pools. We conducted extensive testing over a five day period and found that an asymmetrical approach was much more effective than the KGW approach. We found that the difficulty needed to be able to decrease by a larger magnitude than it was allowed to increase. When the difficulty was allowed to increase or decrease at the same rate with larger orders of magnitude, some very bad oscillations occurred along with some crazy high difficulties when two lucky blocks were found quickly back to back. The asymmetrical adjustments keep the difficulty from going too high too fast, but allow it to drop much quicker after a large hash down swing as it takes a much longer time to discover the next two blocks for the difficulty adjustment to occur.Both the KGW and Earthcoin approaches to difficulty re-targeting still allow multi-pools a few minutes of easy mining. For example, Earthcoin still gets hit my multi-pools for 11-12 minutes at time. Both approaches limit the amount the difficulty is allowed to change between blocks, which can become a big issue when a sudden hash decrease occurs. While simulating a sudden 10-20 fold hash decrease, KGW can become "stuck" for several hours before the next few blocks are discovered and the difficulty evens out again. The same issue exists with the Earthcoin approach. It can get "stuck" for 20-40 minutes following an 11 minute hash increase from a multi-pool attack. We know a 10-20 fold hash increase is unusual, but it is possible, especially as cryptocurrencies become better known. More than likely, we will only ever see more than a 5-10 fold increase. Nonetheless, we wanted to develop something that protected against even the most unlikely of hash jumps to ensure that we could handle sudden extremes very quickly.In summary DigiShield is a balanced asymmetrical approach to difficulty re-targeting. You don't want to let the difficulty go too high too fast, but you need to give it enough room to catch up quickly. The same thing goes with down swings, since it takes longer to discover new blocks you need to give it more room to go down, but not enough to send it to the floor. DigiShield is by no means the absolute "perfect" solution to the multi pool/ difficulty problem, but after testing dozens of different setups over a five day period including KGW and the Earthcoin approach, the current ratios/ settings in DigiShield out performed any other solution available at the moment.The DigiShield code can be found here between lines 833 & 1007:Take a look at the Dogecoin difficulty chart:You can see how multi-pools have really been mining most of the coins and leaving the dedicated Doge miners to pick up the slack and get the short end of the stick when it comes to new coins. You can also see when DigiShield took effect and that no longer occurs.Now take a look at the chart for DigiByte:You can see how we would get "stuck" after a multi pool left us and it would take several hours more than our 2.4 hour re-target before the difficulty came back down. Had we not implemented DigiShield when we were hit with the 1 GH - 8GH increase we might have been "stuck" for a day or more. See how quickly the pool hit us and left, and more importantly see how fast the difficulty decreased back to normal levels? Since DigiShield went into effect, you can see how quickly multi-pools hit us and leave, whereby they mine considerably less coins now, upwards of 50-80% less. More Secure, Faster & Forward Thinking