Two days ago, someone really wanted to know the vision of Terracoin. I think he wanted to hear about how we would turn water into wine, or lead into gold.

I understand where he is coming from, because I originally was a trader of cryptocoins.

I did eventually reply to his question about our vision, but I wanted to take some time here and really address the Terracoin vision.

The Terracoin Foundation’s vision of Terracoin is simple.

We are going to work together with our community to continue to improve Terracoin until we are a replacement for fiat currency. We won’t settle for just being used in a niche way. How we are going to do this is by helping the world while we constantly innovate Terracoin.

I feel like Terracoin is unique in the cryptocoin world, and I think we are working towards something no other cryptocoin is working towards.

As the community grows we have access to input from people all over the world. As we are working together to improve Terracoin we also are learning about each other and the challenges our local communities are facing.

This diverse group of investors is like nothing the world has seen until now, and we can use that to not only expand Terracoin as a currency but as information network. We can use this knowledge to help improve Terracoin, each other, and to help our communities.

Ten years from now there is going to be a replacement for fiat currency that everyone uses with ease, and it isn’t going to be Bitcoin.

It is going to be Terracoin because of our community and because of how we are dedicated to helping the world.

As we improve our code with things like Atomic Swap and multi-algo we will also be expanding the spread of the Terracoin community.

This is The Terracoin Foundation’s vision.

I am stepping off my soap box now and getting to other news!

We are aware of the expanding log issue and are working on finding a solution. If your log file is over flowing, you can run the daemon as terracoind -printtoconsole and this will cause no log file to be generated.

We also are working on a non-hard fork patch that will address all the past issues and improve things like auxpow and future upgrades.

After that we will begin working on atomic swap and multi-algo support. If you have suggestions for which algorithms you would like supported, please post! Here is a list of suggestions so far.

https://trello.com/c/PTpTTMCa/66-multi-algo-suggestions

Atomic swap will be a game changer for Terracoin as it will allow us to convert water into wine and lead into gold.

Atomic swap enables the ability to swap other atomic swap coins on the Terracoin block chain with ease so sites like Shapeshift.io wouldn’t be needed.

Multi-algo allows many different algorithms to mine Terracoin, so we wouldn’t be at the mercy of ASIC miners and more people could enjoy the benefits of easily mining TRC with a GPU or a CPU.

Both of these items are going to take a lot of work.

The first step is patching the wallet to remove current issues and updating the code to recent Bitcoin, DASH and auxpow code. This code will be released as soon as possible.

The second step is Atomic Swap and multi-algo.

This step isn’t going to happen soon. It will take time, and it will take a lot of testing.

I know everyone wants a date for the second step, but we need to patch the wallet first, then we can look at how long it will take to add the new code.

If you want to help and are a developer, please PM me. We can always use more eyes on the code.

The core team is paid peanuts, so you can expect to be paid the same.

Well, I think that is it for this weekly. Looking forward to hearing for everyone!

Thanks again to the community for being a bunch of awesome people!

I almost forgot! Hanzac has been hard at work on this Android wallet. It is in the beta stage so check it out and give us feedback! https://play.google.com/store/apps/details?id=cosmos.garden.wallet

Numbers!

One month ago, we were at 0.00001610 BTC (.1631 USD) and today we are at 0.00001351 BTC (.2017 USD).

A year ago, we were at 0.00000405 BTC (.0039 USD).

We are ranked 503 on coinmarketcap with a market cap of $4,426,919 USD. Last week our market cap was $4,169,812 USD.

Source

https://coinmarketcap.com/currencies/terracoin/#charts

Terracoin Donations for the World Address

1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL

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