PASCAL COIN CREATOR, ALBERT MOLINA, TALKED ABOUT PASCALCOIN, ITS FUTURE PLANS, AND EXPLAINED THE TECHNOLOGY BEHIND THE COIN
Albert Molina — Creator of PascalCoin
interviewed the “Satoshi” behind PascalCoin, Albert Molina, where he
shared his plans about the future, the story behind the project and the
SafeBox technology, plus he shared Pascal’s Coin opportunities for
improvement in the future.
the interview was in Spanish we would like to provide you with the
English transcript of it. You can find the full interview at the end of
Why do you think that most crypto currencies cannot find the key to implement scalability?
luck or not, pascal was born as a project from scratch, giving the
freedom of creating a different block-chain structure without using the
btc code and hence allowing a new safebox structure to solve
scalability, which as we know, is very difficult with btc, this is an
important factor … when created from 0, it allowed the luxury to
envision how it could grow without major underlying problems in the
future, unlike what we are seeing in btc …
SafeBox -The technology that allows Pascal Coin to get infinite scalability
What were your thoughts when you learned that PascalCoin was being mined by the Ethereum miners?
was very concentrated in the development, so it took me a while to find
out, at the beginning it stroke me as a positive thing as I thought
those who mine eth also dedicate resources to pascal, with time, we’ve
obviously realized that something must be done to address this issue…
the least known currency is the one that loses when one aces
dual-mining… there are proposals so that there is no mining dual … we
are at a point where everything is not perfect but we have some clear
roadmap to fix it.
What is your vision of Pascal within 1 year?
want to see a natural evolution similar to what we have experienced in
the last year, growth due to the technology that Pascal uses (safebox)
and thanks to it that the code could implement new functionalities and
the knowledge grows … obviously we depend on the massive use,
therefore , we must provide third-party applications. Also the diffusion
of content explaining how it works and its advantages and general
knowledge of the technology.
from @CryptoBigDawg: How would you compare Pascal with the rest of
crypto currencies nowadays? For example bitcoin, nano etc. An important
feature for mass adoption is usability — are you working to make the
user experience the ideal one to achieve this goal? Are you working to
make the user experience the right one?
is one of the expected changes in the immediate future, the user
experience. Bank-type accounts in Pascal are an advantage, but if it is
true that the wallet is very technical and not visual enough, this is
the most important part … it must be very intuitive, easy access,
similar to the existing ones while keeping the technical part intact.
What kind of advantage do you think it gives you to be the first crypto currency to solve the problem of scalability?
hope it gives us an advantage … being the first is not an advantage in
itself, but not only the first, but being in constant evolution and
adapting to new needs, we personally achieve that as Pascal can interact
with layer 2 protocols so that thanks to a single application you can
have different interconnected. Since we have already solved part of the
problem with scalability, it allows us to anticipate in the present
future problems that may exist.
What are all the advantages of programming with the FREE PASCAL code?
The language is not important but if it allows you to do what you are
interested in is. I like Pascal’s functionalities and its
interoperability and also as a language that can be compiled natively
for any chip, unlike other programs. I am interested in being able to
use pascal node in very simple machines, so that is not necessary to be
installed on large servers, and this gives an advantage over other
cryptos that require greater memory capacity, this in pascal is very
fine tuned and works in very simple machines …
The scalability has been solved with the ‘safebox’, have you done more
tests of stress in transactions per sec? ¬ Could you clarify what is the
maximum number of transactions that Pascal can get per Second? In
theory, based on the design, what would be the maximum that could be
machine with a single cpu and that is where the nodes run, and 1 or 2
gbs of ram, transactions of 1,000 / sec are achieved … how much can it
grow? It will depend if we add CPU technology, processors, so that
transactions are much faster. Why 1,000 per second? Thanks to the
safebox. The maximum would depend on the amount of hardware, video
cards, multiple cpus, parallel processing. We have not performed stress
tests with larger machines, for the moment only in very simple
machines … stress tests have all accepted 1,000 / sec easily … although
theoretically we can grow much more, but I cannot you a figure.
How and when does PascalCoin plan to implement zk-SNARKS?
It is not a priority since it requires a deep analysis that I have not yet been able to perform.
Could the same concept of the safebox be written in another programming
language? Why Pascal and not C ++ or another language with more use of
programmers? Do not you think this limits the development via open
source / open source?
is a language I dominated perfectly … it was the most natural way to
write it. if I had started with C from 0, maybe I would not have done
all the code from scratch nor created the safebox, thanks to this
approach it helps us solve the problem of scalability. Yes, it is true
that it would be easier with C, but maybe in the future we can rewrite
in another language. There is already a very important community but in
percentage terms it is very inferior, although I must say that there are
still enough and the language of pascal is not so didactic but more
visual and easily accessible, easily educational too.
• @Tommyworldpower: When do you expect to have the new algorithm available to mine Pascal?
new algorithm is a proposal by Herman (random hash) that solves the
problem of mining and the theoretical part is written, as it is a
proposal of Herman, so I prefer that he is the first to implement and
talk about the new algorithm. We need to conduct a thorough analysis if
can be implemented and what benefits or inconveniences we may face. For
now, I can say that it will not be implemented soon (in the next
revision) unless everything goes very fluid … the factor of mining must
also be taken into account … the mining must be sufficiently distributed
among several miners but without reaching an extreme that is too
random, since this leads to the risks of orphaned blocks .. if they do
not use a pool and instead their own machines, the collateral damage
that occurs is that there are many orphaned blocks and that is good,
since it is important that it remains consistent, that the operations
that are introduced do not suffer variations, that is why any
implementation must foresee all the scenarios. I am a supporter but I
would not like to forecast a date as it requires a deeper analysis.
With the implementation of PIP-0011, what are the most immediate
actions that are going to be undertaken in relation to marketing? How do
you expect Pascal to be better known?
funds that will exist on the PIP-0011 will be for marketing and
development, as well as the new mining algorithm down the road. The most
important thing is how this fund is managed. We must propose a fund
management mechanism with a legal structure such as a foundation with
propoer coverage so there are no problems nor doubts that we are only
going to benefit the community. About the marketing plan: The diffusion
of Pascal in large exchanges is our main goal, this is the grand
objective that Pascal must have. I also must say that the UK exchange
where we were listed holds some bright future. We want to achieve new
listings via the image of seriousness, integrity of the team, the
technology we provide, that there is a plan for the future, sense of
unique project. This is the orientation that we should have for the
marketing to generate enough confidence
What makes other cryptos such as IOTA or NANO have such a huge
capitalization in front of Pascal? Do you think it’s just a marketing
question?You do not think that based on the industry’s standards, the
project has an extremely low capitalization.
I do not know their technology in depth (Iota, Nano), there are 2
factors that have helped them, the first reason is that they are
included in different exchanges and then the marketing campaigns that
have been launched. They have done a great job combining both, that is, a
good technology and good marketing campaign. Pascal can also experience
this growth cycle. Comparatively, it is nonsense that there is such a
large disparity in market cap (Pascal 20–25million range vs billions in
Nano or Iota) or even with others that do not offer technology but only
marketing. The factor of only listed in one large exchange is very
limiting for now.
• What is the current activity and commitment in the development of PascalCoin?
a few weeks ago we have been exclusively focused on the evolution of
the implementation of the new Pascal hardcore with new features that
were voted after proposed pips. The intention is that all pips will be
implemented or as worst case, only those that we consider to be safe as
explained before. The objective is to grow the currency. Now we have 3/4
developers and before 2 months we are expecting to be able to offer the
solution and the implementation of version 3.
Are there actions to be added in new exchanges? Do you not consider it a risk that the only renowned exchange is Poloniex?
have contacted Poloniex and there is no concern at all, they have
provided re-assurance. Actually, the opposite is true, the acquisition
of Poloniex by Circle offers a great advantage as the exchange will
evolve into a large professional and fully regulated entity that will
provide a bridge for institutional capital to come into the space, and
that will benefit Pascal. Lastly, I want to thank the entire community
at Pascal for all the involvement and commitment. I am convinced that we
will go much further. Pascal coin technology has a lot to offer. In the
short term, marketing alone can give you a temporary boost but in the
long term, only those who combine marketing + technology will really go
far and Pascal is one of these projects, no doubt.