Salute Chooses ADC in Facebook Battle of the Bands

In another mainstream use case for ADC, Salute Music Makers, fronted by former Undertones singer Feargal Sharkey, are using ADC on their unique Facebook based Internet platform with a television talent-show tie-in and the highest payout of any performing arts contest.

In addition to the cash prizes ADC is being used as a voting mechanism in another music based engagement with blockchain technology. Salute are working with Blockchain specialists Blockpool to implement the technology.

Read the full press release here.


New Bjork Album utilises ADC Payments & Rewards

In a long overdue move, a major music artist has integrated cryptocurrency payments and rewards into the payment and (interestingly) rewards process via the One Little Indian store.

Bjork has upheld her reputation for being an innovator and Jesse Damiani writing for Forbes has even gone so far as to suggest this may be a watershed moment that changes the face of the industry.

ADC has been used extensively for the project by software company Blockpool who deliver real world solutions based on blockchain technology.


ADC Staking Rate Survey

Help us to establish the optimum ADC staking rate for medium and long term growth. ADC is a fully decentralised community coin and as such, any major specification changes are subject to community approval.

The current ADC annualised stake rate is around 18% (APR). There is a feeling that this figure should be reduced and so we are asking the community to vote. Let us know what you think.

What is Audiocoin?

A stable coin for an unstable industry.

The music industry is stacked with problems and politics making for a very uneven landscape in terms of fair share revenue and transparency.

As a fully decentralised coin ADC is available and open for all to build applications and solutions to rectify these inherent problems. After 4 years there are some very solid mainstream projects experimenting with adoption and this provides some encouragement for the future.

We will continue to support development of the coin, but ultimately the community will determine its future.

Staking enables flexibility.

At the time of writing around 834 million ADC have been generated through staking. Anyone with a local wallet can 'stake' coins by running on a local machine. Staking rates are high at an annualized rate of 18%.

Depending on community consensus and for the long term health of the coin there are plans to reduce the stake rate to between 6 and 9% in 2018.

What is the long term goal of ADC?

Companies like Blockpool are building solutions and applications on the top of ADC. These applications are getting more creative and sophisticated. These blockchain apps will slowly replace traditional music industry infrastructure and lead to greater transparency whilst empowering users and artists. The nature of a decentralised ledger brings transparency to legacy systems.

History

Audiocoin (ADC) was conceived in 2013 as a hybrid POW/POS Scrypt coin.

POW mining stopped at around block 525,000 and the coin has been POS ever since. The coin is fully decentralised apart from a small development fund used to help the ongoing infrastructure/upgrades and marketing.

Wallets have been upgraded to 3rd incarnation (2/11/17). Source code is on the github although compiled versions are awaiting completion.
1.2.2 is the current stable version available for all platforms.


ADC Wallet - How To Manually Add Nodes

The 1.2.2 version of the ADC wallet will sometimes need nodes adding manually to connect to the ADC network. Fortunately this process is very easy.

Here's how:

Within your wallet go to Settings > Debug > Console (tab)

Step Two:

Get a list of current nodes from the block explorer here.

Click the node list button next to the satoshi 1.2.2 row and copy the current node list


Now go back to the ADC console window and input the following line for each node. (Hit return after each line and if there is no error you can input the next IP address)

addnode 212.3.106.50 add  (hit return)

addnode 24.212.140.163 add (etc)

Once you have added a few nodes your wallet should connect quite quickly. It's a good idea to connect to as many nodes as possible as this will aid staking and network stability.

 


ADC Wallet Slow? Here's how to Defragment

If you are staking a large amount of coins there is a tendency for the inputs (block count and size) to grow within your wallet. It is good practice to try and keep the number of inputs to 500 or below. It is only recommended that you attempt this process if you are comfortable with expert wallet functions.

Here's how:

Within your wallet go to Settings > Options > Display and click the check box to enable 'coin control features'

Step Two:

Now we need to check our inputs and if necessary consolidate some blocks.

Click Send and then Inputs under 'Coin Control'
We need to check the number of inputs indicated by the red area (in the screenshot below) for each address. Anything over 500 and you can safely defrag.

Step Three:

We're going to send coins to ourselves using the same address and same change address. Click the small arrow to the side of the address and you'll see a long list of inputs. Scroll to the bottom and begin selecting blocks from the bottom up. Keep your eye on the 'bytes' figure at the top. Once it goes into the red then it's time to send a defrag transaction.

As you can see from the above screenshot. I've selected 62 inputs using just over 10k bytes. Click OK and you'll be back at the send window.

Step Four:

It is very important at this point that you input the same address as you are sending from into the 'to' field and also click the 'custom change address' checkbox and put the same address there so that any change goes back to the same address. As you can see below i've rounded down the total and will get 44k+ change. (The wallet doesn't like sending max amounts so always allow for change).

Step Five:

Click send and the transaction will complete. If you get an error try again with more change.
Once the transaction is sent, you can go back to coin control and you will see that the number of inputs is reduced.
Repeat the process until you have your inputs under 500.