Technical FAQs

What are the main differences between Ducatus and Bitcoin and what is the impact on the user?

Bitcoin was a demonstration project which through an unplanned sequence of events has become the world's premier crypto-currency. It was developed and is run by volunteers, and, as a result its development has been slow and at times highly unpredictable. This has led in some cases to market instability and low consumer confidence when it has become unclear how miners’ behaviour may influence the network. The focus of Ducatus has been on developing a stable, robust, and most of all usable technology which we believe will change the way the world views cryptocurrencies.

Ducatus is a business run by a dedicated professional management team whose sole focus is to build upon the more theoretical approach used by the Bitcoin community to develop a global, useful and secure way for the average person to participate not only in Ducatus' own crypto-economy but also the emerging global crypto-economy as a whole. Our strategy is carefully designed and totally focused on providing maximum value for all our coin-holders within an accelerated timeframe. Our priority is customer experience - we want our members and partners alike to have the utmost confidence in their coins and transactions, and for those transactions to be both safe and fast.

Does Ducatus have its own app? And can we trade it freely on third-party exchanges?

Ducatus has launched with the following apps:
  1. mobile eWallets for Android and iPhone; and
  2. a desktop eWallet for Windows, and Linux.

We will also provide mining software for desktop platforms.

Trading will be implemented in three stages:
  • Members can already trade with other members using their eWallets. ;
  • Upon release of the Ducatus eWallet API (application programming interface), third party wallets can then incorporate Ducatus into their eWallets and members will then be able to trade with non-members holding compatible wallets;
  • Upon listing on a third-party exchange anyone who wishes to buy and sell Ducatus may do so without any involvement by the Company. We are already in talks with a number of exchanges in this regard and will continue to update members as these discussions progress.

Why does Ducatus use Litecoin hard fork rather than Bitcoin or Ethereum?

Litecoin is a hard fork of Bitcoin that was designed, in part, to create a codebase that would make it possible to create hard forks of Bitcoin that were less likely to lead to problems for the new altcoin. This made it a natural selection for Ducatus - we will be able to absorb improvements made to Bitcoin via Litecoin, while at the same time we have much cleaner code to work with. The second reason we selected Litecoin is that it uses scrypt as its hashing algorithm, which we anticipate should make it easier for many of our members to participate in the mining network if they wish to do so, as well as to make it safer from certain types of attacks that coins using SHA256 would be vulnerable to.

We did not see a compelling business case to fork from Ethereum because it includes many features that we did not need for Ducatus, such as smart contracts. It’s an impressive technology but is not sufficiently aligned with our commercial strategy not sufficiently focused for our member’s needs.

Why spend 6 months doing a coin when there are sites that let me set one up in 10 minutes?

The industry-proven method to create a successful altcoin is through forking a proven coin (in our case, as is the case of other successful altcoins, we are using Litecoin). There are several shortcut approaches out there, and none of them have been proven in the marketplace or in terms of security. Many of the short-cuts leverage ERC20 or other token technologies, and in doing so, they do not create an independent cryptocurrency, merely one that rides on top of an existing cryptocurrency. We consider these options when we kicked off the Ducatus product and we decided that the most secure approach would be to create an ecosystem that we could be confident in being able to support in the long term without the added risk and vulnerability of having to rely on another cryptocurrency network. Our Ducatus ecosystem is produced by Trammell Ventures, a leading US-based information security firm and each part of our system is penetration tested and hardened against all types of cyberattack. Without such careful development and testing our network (and so your coins) would be vulnerable to attack from the moment they were made available.

Does Ducatus uses PoW or PoS or hybrid algorithm?

Ducatus is a fork of Litecoin and thus uses scrypt as the basis of a Proof of Work algorithm. This will be significantly more environmentally friendly than SHA256 and it will also give smaller miners more opportunity to earn block rewards.

What is the target transaction time?

Our target transaction time is about 6 minutes at most. On average, Ducatus blocks should be mined every 60 seconds or so. This means that a complete sales transaction should take about five or six minutes, assuming that the vendor will wait to see five or six confirmations (which is considered best-practice by Bitcoin vendors). In contrast, Bitcoin blocks take on average of 10 minutes to mine, which can lead to a vendor wanting to wait an hour until there are a sufficient number of confirmed blocks. This has led to some vendors that employ Bitcoin assuming significant risk with transactions in order to clear sales more quickly - Ducatus vendors will not face the same concerns.

How many confirmations will Ducatus have for each transaction?

Ducatus itself cannot dictate how many confirmations a user will require before they accept a transaction as complete. Based on industry best practices, we would recommend that vendors wait for six confirmations for any major purchases. This should take on average 5-6 minutes to complete since each block will take on average 60 seconds to mine.

In the case of small transactions, users may choose to only wait for one or two confirmations. The Company does not control these decisions, which can be agreed upon by the parties involved in any given transaction.

What will be Ducatus' block size?

Based on our current testing, Ducatus blocks are typically between about 5k and 10k in size. This is variable based on the number of transactions and other information contained in each block.

What are the benefits for miners? How attractive will Ducatus be for miners vs. other coins?

Unlike Bitcoin, there will be miner rewards associated with every single transaction involving Ducatus coins. As the number of transactions in the network grows, the rewards for miners will get bigger and the hashrate contribution by third-party miners will grow which will allow the Company's contribution to the overall hashrate to be reduced. This in turn will free up mining capacity for us to offer network rewards and to share the financial benefits of mining with our members through a mining pool.

What are the benefits for miners? How attractive will Ducatus be for miners vs. other coins?

Unlike Bitcoin, there will be miner rewards associated with every single transaction involving Ducatus coins. As the number of transactions in the network grows, the rewards for miners will get bigger and the hashrate contribution by third-party miners will grow which will allow the Company's contribution to the overall hashrate to be reduced. This in turn will free up mining capacity for us to offer network rewards and to share the financial benefits of mining with our members through a mining pool.

How do Ducatus technology choices benefit merchants?

The reasons Ducatus is attractive to merchants are both commercial and technology driven. On the commercial front they are attracted by our global membership base, the power of the network marketing distribution model and our ability to promote any merchant partnership across our worldwide network. Our technology advantages include: faster transaction times, confidence in the ability to close transactions based on that same transaction speed, cutting edge security, and the strong community and synergies provided by the other elements of our Ducatus crypto-economy.

What are the benefit of bringing merchants to our ecosystem?

Merchants provide a way for holders of Ducatus coins to use them and in doing so they demonstrate the real world value of Ducatus coins. Currencies are only valuable when they can be used, either as a medium for exchange, i.e., to purchase goods, or as a store of value. The existence of merchants within the crypto-economy is a very important part of the structure and, by demonstrating a real-world value for the coins, we believe they will help drive real-world demand and provide support for the trading of Ducatus when it is introduced to third-party crypto-currency exchanges.

Will Ducatus be able to use smart contracts?

The Bitcoin and Litecoin codebase does allow for the future development of smart contracts but this has not yet been implemented. If implemented then it is likely that this new functionality would be reflected in the Ducatus code base and would become part of our operating model. We would welcome this development as it would add yet another dimension to many elements of our Ducatus Crypto-Economy.

Will Ducatus be able to use DAO or an equivalent?

This may be something we will look at in the future subject to developments in the bitcoin and Litecoin codebases.

Can we say that Ducatus is better than Bitcoin and Litecoin?

Bitcoin has set the technological standard for crypto-currency and Litecoin has given us a slightly different version of that same model. Ducatus would not exist without these projects. That said, if one looks at “better” in terms of what is a better choice for our members, we do think that Ducatus has advantages over both Bitcoin and Litecoin. It is the first coin to develop its own crypto-economy to act as a foundation for the accelerated development of a highly usable and globally distributed crypto-coin.

When is Ducatus coin mined? Pre-mined or mined from time to time?

Ducatus coins have all been pre-mined. This allows the Company to manage all coins in order to distribute them to its members.

If all coins are pre-mined, what will the block reward be, and will it be enough to attract enough miners?

The block reward will consist of transaction fees, which miners will be able to earn. There will be three tiers of transaction fees that will influence how quickly a Ducatus transaction is processed. All transactions in the Ducatus network will include a transaction fee. If using the least expensive fees will mean the transactions will be somewhat slower, moderate fees will be more a normal speed, and higher fees may be used by a user who wants to guarantee extremely fast processing. Ducatus is in the process of experimenting to determine what the transaction fee schedule is that will be fair to its members and miners alike. The Company will also maintain internal mining capacity in order to ensure that a sufficient hashrate is applied to the network in order to continue to ensure rapid transaction times.

How will Ducatus will be governed in the future?

There are a number of diverse elements within the Ducatus Crytpto-Economy which will need to be managed in different ways. Our overall mission which will guide all our activities is to enhance value for all coin holders by leveraging the best of the developments of the bitcoin/Litecoin codebases, maximising synergies within the Ducatus Crypto-Economy and above all earning and maintaining the trust of our coin-holders all around the world.