GULDEN (NLG): PoW2 - SIGMA - SEGSIG - Become a Witness and secure your future.

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Announcement page content put together by the Gulden community for the Gulden community.


Official Website
Official Slack

Wallets: Desktop and mobile wallets in the link below.

Download the latest Gulden client

Where to buy Gulden:

Purchase options

About Gulden

Gulden was founded in April 2014 based on the Litecoin codebase. In 2015 the Litecoin codebase is abandoned and Gulden switched to the Bitcoin codebase. After years of development it can be said that Gulden now has its own codebase.
Gulden started with a 10% premine that was spent entirely on development. The current developments are now paid by part of the mining reward.
The direction of the developments are determined by the Gulden advisory board (GAB). The GAB consists of 9 members and is elected each year from the members of the community.
Anyone can stand for election. Voting for candidates is recorded and done through the Gulden blockchain.
Gulden would like to become a generally accepted means of payment. To this end, the development is aimed at making the wallets as user-friendly as possible.

GAB Members and Gulden Team
GAB meeting minutes


What makes Gulden unique:


- PoW2 (Proof of work + Witness)
- SegSig (Segregated Signature)
- SIGMA (Semi Iterated Global Memory Argon)
- Linking (Control your mobile wallet from your desktop wallet)
- Wallet accounts
- Unity (Unified codebase)
- Delta (Difficulty Algorithm)
- Sonic (Fast Sync)


Features of Gulden explained:


PoW2

Gulden does not use a standard PoW consensus model, but the in-house developed PoW2 model. This is a combination of PoW and Witness. Miners control the transactions and the Witness controls the miners.
Anyone can become a witness by locking an amount of Gulden in a Witness account in the desktop wallet for a certain amount of time.
Depending on the weighting of the witness account (chosen duration and amount in the account) the witness earns rewards.
The advantage of this system is that the Gulden blockchain can withstand 51% attacks without relying heavily on energy-guzzling PoW miners or vulnerable standard PoS systems.
Transactions can be safely accepted after one confirmation instead of the standard 3-6 confirmations.

Developer notes:
PoW2 Whitepaper
PoW² explored — A post-launch look at some of the security implications

Community notes:
PoW2 simply explained
How to setup a Witness


SIGMA

Since October 17, 2019, the Gulden team has implemented the Sigma algorithm and since then it is possible to mine Gulden solo without additional equipment.
The algorithm is asic resistant and can be done on a normal desktop computer using it’s CPU. One can simply use this CPU mining algorithm by creating a mining account in the desktop wallet and start mining Gulden.

Developer notes:
An introduction to SIGMA the new ‘CPU friendly’ algorithm for Gulden
Post launch look at SIGMA

Community notes and videos:
How to mine Gulden
Video tutorial displaying how to mine
German Video tutorial on setting up Mining and Witness Account

SegSig - Segregated Signature - Detailed article still to be published but was implemented with PoW2.

Advantages of Segregated Signature
1. 58% space saving on all transactions. More then twice the bitcoin SegWit implementation.
2. 58% increased transaction throughput. No block size or frequency changes needed.
3. Overhaul to the transaction script system which allowed us to implement PoW² and SegSig as clean as possible along with other benefits.

Linking

The desktop wallets can contain multiple accounts and mobile wallets can be linked to a single account in the desktop.
For more info: How to Link

Sonic

Developed to decrease the initial sync time of the Gulden core wallets by up to 60% depending on the underlying hardware.

Miscellaneous:

Tools:

Block explorer 1: https://dactual.com/
Block explorer 2: https://explorer.gulden.com/
Gulden Nodes: Online Gulden Nodes

Witness Status: Witness network status
Mining Status: Mining network status

Gulden News: Gulden community news site

Specifications:

- Max Supply: 1.68 Billion
- Block Reward: 160
- Block Intervals: 150s
- Expected date to Max Supply: March 2055
- Algorithm: SIGMA

Announcement page content put together by the Gulden community for the Gulden community.

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