Starting up any business is no easy task. It’s even harder to do in the tech sector, as a volunteer project. Though there is much enthusiasm now for the emerging technology of blockchains, there remain few developers capable of coding these distributed ledger platforms and even fewer willing to volunteer their time with no immediate promise of compensation.
IIt has been Krypton’s future plan to seek blockchain developers from among the universities in the IC3 program, recipients of a grant to study cryptography from the National Science Foundation. Krypton will be competing with the likes of Google and Apple for these best-of-the-best computer science graduates but, for this Krypton must await an initial round of VC funding.
As a volunteer project, Krypton has created a public blockchain, KR, based on a copy of Ethereum’s open source code. This blockchain has been running live since February 2016, until a novel type of 51% attack was discovered and executed against the KR chain by malicious hackers.
At the present time, trading of the coin associated with the KR chain has been temporarily suspended until a code fix can be programmed and tested. This will be no simple task. To accomplish this will require the very specific knowledge of an Ethereum core developer experienced with Go language.
To date, the Krypton KR chain has been created by one core developer, Krypton-Dev. This he has done, without pay, for his love of crypto and also for the hope that someday, his KR tokens might become a more valuably tradable commodity than they already are.
Unfortunately, when Krypton most needs the special programming talents of Krypton-Dev, his real-life work is too demanding to devote the time that will be involved in coding this fix.
It is for this reason that Krypton-Dev coded an alternative blockchain, one impervious to this Ethereum-chain-specific type of attack, to enable the KR coin to keep trading. Krypton planned to move the KR token to this new blockchain as a temporary measure until the Krypton chain could be hardened to withstand further attacks.
Krypton was in the process of discussing this move with the exchange where KR is traded, Bittrex Exchange, until Krypton received a timely solution. Prof. Emin Gun Sirer, computer science at Cornell University, has met with Krypton’s founder,Stephanie Kent and has proposed a possible fix.
Now, with it’s sole core developer busy, Krypton is looking to hire another core developer to implement this fix. The Krypton community has been asked to contribute to a development fund in order to offer compensation to this developer.
Krypton Development Fund (BTC) 12pWLhz1cYmFPaKSBF5Pui5YddJS1jsxsz
Krypton Development Fund (KR) 0x2529e0018a17dcc067f536d1cd3e1fd9af066099
In addition, Krypton’s founder will be donating an undisclosed amount of her own KR coins to fund this project.
If Krypton cannot find and code a timely solution, there will be no other choice but to temporarily move KR tokens away from the current Ethereum-based blockchain to a more secure Bitcoin-based one.
Krypton remains committed to providing the distributed technology products of smart contracts, dApps, DACs and DAOs on the KR blockchain. This might not be possible in the short term, unless Krypton hires another top developer.
Candidate developers, please contact Stephanie Kent (@covertress) in Krypton’s Slack channel: http://Slack.Krypton.Rocks