[ANN] [VELD] - Veldspar - A new type of coin, trying to solve different problems

Announcing  Veldspar, thinking differently and more co-operatively.

Purpose:To think about block chain currencies differently (in this case to try to solve the issues that currently affect coin systems in production).To use PoW & PoS to good affect. The PoS actually being the amount in hash power you apply to the network.The concept (still in development as problems are discovered and overcome):There are two parallel parts to the chain;

the ORE to be mined the traditional transactions block chain

To mimic real life (resource based / effort based), there is ORE to mine, but this does not go away, you can mine this forever trying to find tokens. Once found the miner can claim that token as theirs and it will be entered into the block chain as the originating owner of that token. The token value is based on a likelihood gate, and then what is essentially a pattern match against a table of magic beans.  Exponential value based on complexity resulted in too many low value tokens and the network can only ever work well with a good mix of denominations.Because ORE can be mined forever, hash rate will be spread across the entire block chain not just used to crack a single block. Miners may wish to mine only a single block of ORE for many months, trying to find the highest possible value token they can, before moving onto a new one.Tokens are defined as addresses describing the position within the ore they were found in, and a reproducible path to the discovery of the pattern. Once a token has been found, it is submitted to the network with the miners’ details and an agreed timestamp (by consensus). If that miner was the first to find that token then it is written into the ledger, and that token is created, and its journey starts.The block chain itself is signed/sealed on a fixed time basis, so every X seconds the all of the outstanding transactions in arrears will be selected, signed and entered into the chain. Once this has been done, the hash for the block is distributed to all connected nodes, and the originating nodes will receive other nodes' hashes. Then quorum is established. If the hash you supply is outvoted by a significant proportion of the other nodes, then that block is not written to the local store, and instead a copy of the transactions is gained from several sources, compared, and the process is run again.Benefits?DistributedBlock chain itself is just transactions, so small and fast to synchroniseORE system, means hash rate is distributed across entire chain, therefore stopping anyone smashing the network with nicehash/asic rigs.No fixed reward and no fixed supply. Only a likelihood of reward/total supply, based on the amount of effort used to mine the ore. This stops early adopters from getting anything more than late adopters, because they are not rewarded for being first other than the low value easy tokens.ORE does not need to be stored on all nodes, but transactions will. This will allow for space limited installations of nodes.You are not fighting other miners, your effort is directly rewarded with wealth. People who apply more hash-rate get proportionally more reward.Downsides?Low value tokens will be extremely numerous, so sending large transaction may have many 1000's of tokens within it.As above, tokens mimic real word money, in that you can have T0.01, T0.20 & T1.00, but you could not send T0.30 to someone as you do not have the denomination to do so. The network would have to try to distribute large and small tokens to make sure there was always enough "change" to have transactions succeed.Tokens?Tokens are described as the positional information of their location within the ore, the method used to generate it, and the value signature.And example would be:<height><algorithm><value><add1>..<add n>Which looks, for a 64bit token with 8 paths, like:00000001-0000-00000001-00046411-00005839-0002C3CD-000B5BA9-00010B6F-00002AEA-0007E24D-000EC5F6A