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README.md

Sumcoin is an Index Based Coin

!! NOTICE TO ANY EXCHANGE OR DEVELOPERS - SUMCOIN IS INDEX BASED - READ THIS BEFORE INTEGRATING!!

OBJECT IS INDEX BASED

Sumcoin Core integration/staging tree [SUM, 𝚺]

image

Use Rates API for your APP

Rate API Sources

tx fees api

Specifications

Specification Descriptor
Ticker Symbol SUM
Algorithm SCRYPT
Maxiumum Supply 100,000,000
SegWit Activated at block 220
Mainnet RPC Port 3332
Mainnet P2P Port 3333
Testnet RPC Port 13332
Testnet P2P Port 13333
Block Time 30 Seconds
Coinbase Transaction Maturity 100 Blocks
Confirmation 6 Blocks
Difficulty Adjustment Interval 2880 Blocks
Protocol Support IPV4, IPV6, TOR, I2P

Block Rewards (Estimates)

Year Block Reward
2019-2019 1-50M 100 SUM
2019-2020 50M - 75M 50 SUM
2020-2020 75M - 87.5M 25 SUM
2020-2021 87.5M - 93.75 12.5 SUM
2021-2022 93.75 - 96.875M 6.25 SUM
2022-2023 93.75 - 96.875M 3.125 SUM
... ... ...

Social and resources

Mining

Chat

Maps

BATM Setup instructions:

https://github.com/sumcoinlabs/sumcoin/wiki/Sumcoin-Core-(sumcoind)-BATM-Configuration

//---

Sumcoin integration/staging tree

Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.

If it is a simple/trivial/non-controversial change, then one of the Sumcoin development team members simply pulls it.

If it is a more complicated or potentially controversial change, then the patch submitter will be asked to start a discussion with the devs and community.

The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if the code doesn't match the project's coding conventions (see doc/coding.txt) or are controversial.

The master branch is regularly built and tested, but is not guaranteed to be completely stable. Tags are created regularly to indicate new official, stable release versions of Sumcoin.

Issues

For help: Open an Issue

Mining

Mining Pools

https://miningpoolstats.stream/sumcoin

https://pools.show/coin/SUM

Block Explorers

Download versions & other Information: http://sumcoin.cash

Mining Hardware

Sumcoin Algo is Scrypt

CPU, GPU Use CPU Miner by Pooler (link to cpu miner - minerd - in releases)

Copyright (c) 2009-2014 Bitcoin Developers Copyright (c) 2011-2016 Litecoin Developers Copyright (c) 2016-2019 Sumcoin Developers Copyright

What is Sumcoin?

Sumcoin is a cryptographic blockchain using scrypt proof-of-work algorithm. Sumcoin tracks all coins in real time and is an aggregate or "SUM" of all top 100 coins by market capitalization. It is for those who want to gain maximum exposure to the crypto space but may only want to hold one coin for simplicity, which can reduce risk factors.

Times:

0.5 Min block targets

subsidy halves in 500 K blocks (~5 Months)

~100 million total coins

Initial reward 100 coins per block

2880 blocks to retarget difficulty

For more information, as well as an immediately useable, binary version of the Sumcoin client sofware, see https://github.com/sumcoinlabs/sumcoin/releases

License

Sumcoin is released under the terms of MIT.

Development process

Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.

If it is a simple/trivial/non-controversial change, then one of the Sumcoin development team members simply pulls it.

If it is a more complicated or potentially controversial change, then the patch submitter will be asked to start a discussion with the devs and community.

The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if the code doesn't match the project's coding conventions (see doc/coding.txt) or are controversial.

The master branch is regularly built and tested, but is not guaranteed to be completely stable. Tags are created regularly to indicate new official, stable release versions of Sumcoin.

Linux Build Dependencies/instructions: (Also see Sumcoin Wiki for the same info)

Dependencies (paste all 3 seperately):

sudo apt-get update;
sudo apt-get install git;
sudo apt-get install -y build-essential libtool autotools-dev automake pkg-config libssl-dev libevent-dev bsdmainutils;
sudo apt-get install -y libboost-system-dev libboost-filesystem-dev libboost-chrono-dev libboost-program-options-dev libboost-test-dev libboost-thread-dev;
sudo apt-get install -y libboost-all-dev;
sudo apt-get install -y software-properties-common;

sudo add-apt-repository ppa:bitcoin/bitcoin;

sudo apt-get update;
sudo apt-get install -y libdb4.8-dev libdb4.8++-dev;
sudo apt-get install -y libminiupnpc-dev;
sudo apt-get install -y libzmq3-dev;
sudo apt-get install -y libqt5gui5 libqt5core5a libqt5dbus5 qttools5-dev qttools5-dev-tools libprotobuf-dev protobuf-compiler;
sudo apt-get install -y libqt4-dev libprotobuf-dev protobuf-compiler;

Next, Clone the project

git clone https://github.com/sumcoinlabs/sumcoin.git

Change directories into Sumcoin

cd sumcoin

From the Sumcoin Directory, run each command

./autogen.sh
  • Next,
./configure

or

./configure --disable-test

or

./configure --disable-tests --without-gui

SPECIAL NOTE if using only 1 GB RAM - File Swap info (if needed):

Create swapfile using (copy and paste in all 4 for an easy life):

sudo fallocate -l 2G /swapfile;
sudo chmod 600 /swapfile;
sudo mkswap /swapfile;
sudo swapon /swapfile;

Make

Last, make the executables (This could take a bit)

make

IF using a 1 GB Droplet be sure to turn OFF after you 'make'

sudo swapoff /swapfile

It will then start compiling and take a while.

IF you needed swapfile - BE sure to turn it off again:

When it is done, turn off the swapfile with:

Run:

After this it's ready to run. The executable will be in sumcoin/src. Run with:

./sumcoind -server -daemon

Setup a configuration file to run as a node

Stop the server from sumcoin/src:

./sumcoin-cli stop

Navigate to sumcoin data dir from home dir

cd .sumcoin
touch sumcoin.conf
nano sumcoin.conf

Paste the following make your own user/password*

server=1
daemon=1
rpcuser=YOURuserNAME
rpcpassword=YOURpassword

Restart Sumcoin. You will now be running as a node each time you start

cd sumcoin/src/:./sumcoind -server -daemon

With GUI - Works for Linux terminal

cd sumcoin/src/qt/:./sumcoin-qt

Configure your settings

    1. navigate to hidden folders
    1. create sumcoin.conf file
    1. inside, set the following parameters from the list below

//TODO

Testing

Testing and code review is the bottleneck for development; we get more pull requests than we can review and test. Please be patient and help out, and remember this is a security-critical project where any mistake might cost people lots of money.

Automated Testing Developers are strongly encouraged to write unit tests for new code, and to submit new unit tests for old code.

Unit tests for the core code are in src/test/. To compile and run them:

cd src; make -f makefile.unix test Unit tests for the GUI code are in src/qt/test/. To compile and run them:

qmake BITCOIN_QT_TEST=1 -o Makefile.test bitcoin-qt.pro make -f Makefile.test ./sumcoin-qt_test

ATM Setup

How to Setup Sumcoin For General Bytes ATM's

Sumcoin Core (sumcoind) Configuration

The following example is based on the presumption that you have completed the prior steps of CAS installation on a hosted Internet server running Ubuntu 16.04 LTS, or higher, that the server is online, and the BATM has been successfully installed, configured, and tested for proper connectivity to the CAS.

A further presumption is that the sumcoind daemon has been installed, configured, and tested for proper use. This guide is merely designed to help you setup a working sumcoind daemon with a working CAS.

This is a step-by-step guide for adding sumcoind as a Hot Wallet Buy source. This is only an example and not to be construed as an endorsement for any particular exchange or wallet.

This has been tested on sumcoin Core v 0.16.1

First, open a terminal window and login to your server as root.

Create an RPC token for CAS to communicate with sumcoind: The RPC token is designed to eliminate the need for hard-coded passwords in configuration and script files. You will receive a password here ONCE. This password is required for CAS; it's your “RPC Password”. You must save it during this step.

Download rpcauth.py on GitHub (all one line):

Not required if you compile your own binaries

wget https://raw.githubusercontent.com/sumcoinlabs/sumcoin/master/share/rpcauth/rpcauth.py -O ~/.sumcoin/rpcauth.py

May Be Deprecated

Modify the file permissions to allow the script to execute:

chmod +x ~/.sumcoin/rpcauth.py

Best Method

Then finally run the RPC token generator that you just installed and enabled:

Path,

root@root:~/sumcoin/share/rpcauth

./rpcauth.py AnyNameYouWantHere

Example Result

root@root:~/sumcoin/share/rpcauth$ ./rpcauth.py sumcoinatm

String to be appended to sumcoin.conf:

rpcauth=AnyNameYouWantHere:aac8dlfjsdfkjds876dfpdsfjhlsdlkfasd8plkdjf8d8984lndlkdfjsdflkjsadfkfjkhlkjhdjdfh3b90e44ddca2 Your password: T0Dx2VLjgikeTANOGosdifoIJH80Xn2E0Tcx-jdlh1GIcr8c=

Save

The name you entered above, the resulting token, AND the generated password. You'll need it in the next step. The “AnyNameYouWantHere” is the “RPC User”, and the generated password is your “RPC Password” for CAS. The token is put in the sumcoin.conf file (as described below).

A sample token is all one line and should look similiar to this:

AnyNameYouWantHere:aac8dlfjsdfkjds876dfpdsfjhlsdlkfasd8plkdjf8d8984lndlkdfjsdflkjsadfkfjkhlkjhdjdfh3b90e44ddca2

The generated password may look like:

T0Dx2VLjgikeTANOGosdifoIJH80Xn2E0Tcx-jdlh1GIcr8c=

Modify the sumcoin.conf configuration file:

While you might (under certain circumstances) might want to start the daemon exclusively from a command line, we urge you to change the following settings within sumcoind.conf and run sumcoind without parameters. Keep it simple!

Locate the Sumcoin Core configuration file.

  • sumcoin.conf in data dir -

Add (or modify) the following settings in the configuration file:

deprecatedrpc=accounts
deprecatedrpc=estimatefee
addresstype=legacy
server=1
daemon=1
rpcallowip=your_Server_IP_for_CAS

The RPC (Remote Procedure Call) uses "credentials" to communicate between programs. It's required, and can be a security issue if insecure. Depending on the RPC settings and your firewall, you might expose your wallet to the world - and that would be unwise. Research the subject before randomly changing any settings.

Add your RPC user credentials:

rpcuser=AnyNameYouWantHere
rpcpassword=DontUseThis!YouHaveBeenWarned!
-or (preferred)-
rpcauth=AnyNameYouWantHere:e5305a4d7e2c760b196882d2896f77$c5b5e7f6970f7c0544244189f45622887642dca2f36761bcecc1d8055fe8416d

Your end result should look like this Example in sumcoin.conf (Tested v0.16.1)

addresstype=legacy
deprecatedrpc=accounts
deprecatedrpc=estimatefee
server=1
daemon=1
rpcallowip=your_Server_IP_for_CAS
rpcauth=WalletName:bbc8fHC2jkeyojdlnlfnd89c1d61cee0aa70aa947e060617fd9231fac102b25cchh3jwls7bBb90e44ddca2

Use either the top method or bottom (preferred) method.

If using the first/top method, the rpcpassword is whatever you want it to be.
The “rpcuser/rpcpassword” method is deprecated because it is considered a security risk. If using the second/bottom method:
the "rpcauth" is all one line,

Replace the “rpcauth” info with the token generated in the previous step. RPC tokens (like this) are the preferred method of RPC authorization.

Start the sumcoind daemon (background process):

Once you have modified sumcoin.conf, (re)start the daemon:

root@root:./sumcoind -server -daemon

It may take several minutes for Sumcoin Core to completely start.

Sumcoin Core and CAS will not be able to communicate until Sumcoin Core has "warmed up". It may take a few minutes - or longer.

Ascertain that you have a default address. Use:

sumcoin-cli listaccounts

One of three things will be displayed:

"Sumcoin Core is still "warming up". Give it a few minutes and try again."

"Empty brackets {} indicate that no address exists. You must create one." Anything between the brackets means you can safely skip to the next part.

If you get empty brackets (result #2), then create a default Wallet Address and Account name by running:

sumcoin-cli getnewaddress "makeUpWalletNameBetweenQuotes"

You can safely skip this if you are CERTAIN one has already been created.

CAS will NOT work with Sumcoin Core unless at least one address exists!

NOTE: sumcoind will take several hours (or longer) to completely synchronize with the Sumcoin network. CAS will NOT work with sumcoind until the synchronization is COMPLETE.

Configure CAS to communicate with your sumcoin Core wallet:

Assemble the required information for CAS:

User: this is the “RPC User” you created earlier. For this example we'll just say it's “rpcuser”. Password: is the “RPCPassword” created by rpcauth.py earlier, or the one you made up (if you don't implement a token). For this example, we'll make the password just plain “rpcpw”.

Accountname:

this is the account name of your wallet. An account name is neither required nor suggested. Account usage is deprecated in sumcoind, however to view any existing accounts, type:

sumcoin-cli listaccounts

This parameter may be safely omitted if only a default account exists (""). If you choose to specify an account, select one named in the list. Whether using the default ("") or not, we'll refer to it as "walletname" in the examples below.

Next, add a new crypto-currency type to CAS:

  • Enter the “Crypto Settings” menu in the left-hand column.
  • Click on the “+ ADD” button.
  • Create a suitable description, i.e. “sumcoind SUM”.
  • Select “SUM” for the required Crypto Currency* setting.
  • Set Configuration Cash Currency* to“USD” (or whatever your local currency might be).
  • Set Buy Rate Source to whatever source you prefer.
  • Set Minimum Cash Amount PerTransaction* to zero – this enables any sale.
  • Select your Hot Wallet Buy source to “sumcoin Core - sumcoind”.
  • Enter the Parameters for the Hot Wallet Buy source as determined in the previous step:

Example (typical):

“http:walletName:rpcpw:DaemonIP:3332”

Example with a specific wallet:

“http:rpcuser:rpcpw:DaemonIP:3332:walletname”

Click on “SUBMIT” to save your settings.

Finally, test it out by selecting Test Hot Wallet Buy from the RUN SUM SETTINGS TEST.

Presuming everything was entered correctly, you should receive confirmation of success!

You should also now configure the Hot Wallet Sell using the same parameters if you implement it on a BATMThree (or other 2-way).

  ##     You're done!
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