9 Beste Bitcoin Wallet Hardware & Kryptowährung Apps (2020)
How do I use my Bitcoin-Qt wallet address on Blockchain ...
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[PSA] Dogecoin Wallet version 1.4 released. You must update.
WARNING: DO NOT send your wallet.dat file or dogecoin folder to anyone. There have been reports of people offering to help others by asking them to send their files to them so they can help. DO NOT do this. Scam attempt picture Always encrypt your wallet! I can't express this enough. You should use a strong password longer than 15 characters. This password should contain numbers, symbols, and some capitalization! There is no need to have your wallet open 24 hours a day. Open it only when you need it. See - 'Getting Started' on the side bar. This entire post has been written to be as close to ELI5 (Explain it like I'm 5) as possible - By request! If anyone wants to add/fix/correct anything in this message, please send a message to the mods <<-- Click blue text. All blue text in this post can be clicked on. The blue text is a link to a picture, site or download file. A very important message/reminder below. 25 Jan 1.5 pre-releases have started. http://www.reddit.com/dogecoin/comments/1uhpwf/dogecoin_for_mac_14_topic_thread/ OLD VERSIONS The 1.4 update for the dogecoin wallet has been released. This update addresses the block chain error that occurred. This update is mandatory meaning you have to do this update. Also further down the page you can read up about the block chain. You MUST make sure you're on the correct block chain and the old block chain has been removed. For a Windows computer the version must be 1.4. - 1.4.1 just released! See below For a Apple Mac Computer the version must be 1.4 Download links: [Windows Download Link](https://github.com/dogecoin/dogecoin/releases/download/1.4/dogecoin-qt-v14-Win.zip) <<--Click to start download Windows Download Link 1.4.1 UPDATED 19JAN Mac Download Link <<--Click to start download Mac users can join this thread if there are any problems Android (phone): Please see This post To update, simply download the new version from the download link above. Open the downloaded file and extract the contents of the downloaded file into any new folder or location on your computer. If you put the files into a folder you can name the folder anything you want but make sure you remember that this is the latest version of the software. You don't have to remove your folder containing the old version of the wallet. You can place it in a folder called 'Old versions of dogecoin wallet' if you like. Now you can click on the Dogecoin icon contained in the new folder to open your version 1.4 wallet. What happens if I get an error when I open the new wallet? An error was reported called "11DbException" If this happens Download this file and place it in the same folder as your updated wallet. Open the file you just downloaded called "Dogecoin OPEN' and wait. This might take 2 or 3 minutes. Also jtlarousse has found a solution that worked on Windows. Please follow carefully and make backups before starting. Reebzy might have found a solution for Apple Mac Blockchain fork 101: The block chain is a ledger or document created containing every transaction that has ever happened. This file can be quite large. Bitcoins ledger is over 15GB. At some point this document/ledger split into two separate documents known as a fork. How do I know if I am on the right block chain? Go to your newly updated dogecoin wallet and open it. Click on Help>>Debug next Observe the current block number *Notetheexamplenumbersinthepicturesmightbeoutofdatebythetimeyoureadthem Now go over to http://dogechain.info/chain/Dogecoin . This website is the official Dogecoin blockchain website. Check the block number they're reporting The number you found in your wallet and the number reported on the website should close. There might be a difference of 100 blocks depending on when you last refreshed your wallet or how long it took for you to get from one step to the next step in this guide and if the dogechain website is lagging. I'M NOT ON THE CORRECT BLOCK CHAIN My numbers are very different. How do I get back onto the right block chain? IMPORTANT For windows: 1)Close down the Dogecoin wallet client. 2)Go to your data folder: C:\Users[your windows log-in name]\AppData\Roaming\DogeCoin 3)Delete the Dogecoin.conf file. Do not delete the wallet.dat file! 4)Download this update file and place it into the Dogecoin folder where the other file was deleted. For Apple Mac: 1)Close down the Dogecoin wallet client. 2)Go to your data folder: ~/Libarary/Application Support/Dogecoin 3)Delete the Dogecoin.conf file. Do not delete the wallet.dat file! 4)Download this update file and place it into the Dogecoin folder where the other file was deleted. Next visit this post by Netcodepool for instructions on how to manually download the correct block chain and install it.
Edit: Some posts were removed from this thread. To limit confusion. Check this post for details about mining pools that were/are using the wrong fork. Did you send coins only to find out you're on the wrong chain? See this post to get them back An Apple Mac support thread has been made by voidref (The mac developer). If you're having troubles please see this thread Some shibes have reported their wallets wont sync. Please check to make sure your firewall, antivirus, malware scanner or similar programs are not blocking it the wallet. You can add rules to these programs to allow the wallet to make contact with the internet. It's not advised but possible to also disable the software for a short amount of time. Don't forget to enable the software again afterwards. Is your wallet crashing? Try this helpful tip from gandhikahn or if you're using windows try the 1.4.1 update above.
Run a 0.14 Full-Node on RaspberryPi3 Pruned(less than 16GB SD needed)
Hi! Happy if this guide helps you. Tip if you want: 19656Uwdwko5RjtnuwQENpjBwE3ChzD59v UPDATE 04/06/17 Add 'uacomment=UASF-SegWit-BIP148' into your bitcoin.conf if you want to signal UASF. UPDATE 03/13/17 ADDED a tl;dr; Version at the end of this Post. UPDATE 03/12/17: Just to test it - I reinstalled all on 8GB SD and it works as well. But maybe you should use at least 16GB for the beginning. Using a 128GB card for the first version was a little bit stupid - so I reinstalled everything on a 8GB SD card. Including Linux and a pruned blockchain - and it works. I used prune=550 and Jessie Lite (headless / command line) - without wallet and gui. The SD is almost full, but it works so far I also updated the whole manual a bit to make things more clear. Thank you for all your feedback! Just started my Bitcoin Node today and wanted to share the way I did it with people who are interested in running their own full node. It took some time to write everything down - hopefully correct so far. I am sure, many people around bitcoin are way more informed and educated as I am - I am the noob. So I wrote this manual to help users like me - noobs, to get started with a cheap, simple bitcoin node on raspberry pi. Have fun! I wanted to get my Raspberry Pi 3 working as a node to support the network. Actually the process of installing and running the node was more or less easy - but for Noobs (like I am) it might be a bit tricky to start the whole thing, because there are different ways. Did you - like me - think you would need +120GB on the raspi, external USB HDD to be a full node? You won't! If you have a Raspberry and you know what Bitcoin is, I guess, you are a little bit aware of linux, networks and of course bitcoin - so I won't go into detail too much. This guide is just a little helper to get a full node running on your raspberry pi. Thanks to the help of the nice people in this sub and of course the documentation by the developers, I got it working - and of course also special thanks to raspnode.com - as I followed their tutorial to start - I went some other ways here and there - so please read carefully. For the Part 2 I would suggest to have http://raspnode.com/diyBitcoin.html open and read through my manual. I split the tutorial in 2 Parts - PART ONE is about installing the client on your PC and downloading the Blockchain. PART TWO is about the setup of the raspberryPi and transferring the pruned blockchain to the pi and run it as a full node! The first thing to be aware of is: You actually need to download the whole blockchain to get this working - if you already have your bitcoin client synced on the PC / MAC great you can reuse it! Now you might think "but you said less than 16GB in the title!" Yes, but the good thing is you won't need to download it on your Raspberry, neither you need to sync it completely on your raspberry which took ages (weeks!) before. When you finished this Guide, you will just have a max. 4GB Blockchain on your Raspberry Pi - but it still is a full node! The magic word is Pruning. Maybe even a 8GB SD Card works just fine including Linux (jessie lite)! So, if you already have a full node on your PC - Great you can almost skip PART ONE - BUT have at how to Prune in PART ONE if you don't know about it. For PART TWO you'll need a Raspberry Pi 2 or 3 (I used 3) min. 8GB (works also) or better 16GB SD Card. (I used a 128GB for the first version of this manual - which is way too big)
This is the manual how to get started on you PC / MAC / Linux (I did it on Win7) Go to: https://bitcoin.org/en/download and download the core Client for your Machine (I used win64). Install it and configure it to save the Blockchaindata to the directory of your choice - so instead getting 120GB on your C drive, I would suggest to download it to another place like a USB drive. You can set this up during the install. Standard folder for the blockchain folder is "%APPDATA%\Bitcoin" on Windows. or you can do it after the install by creating a bitcoin.conf file inside your installation folder / or %APPDATA%\Bitcoin and add
to the file. Line by line. By the way here you could also just add dbcache - to use more memory to speed up the process a bit:
if you don't want to use the settings inside the program. (you can also set this inside the program under settings! If you have this inside the bitcoin.conf you will see the amount you set there from inside the program - it overrides the values) You can check inside the windows client under settings, if you can see a manual dbcache is set by having a look at the left footer area. When your dbcache value shows up, everything is fine. So the Blockchain download process will take time - maybe a few days! Depending on your machine, internet connection and HDD. The Blockchain is huge as it contains every single transaction of the past until today. You won't need to keep your PC running all the time, you can turn it off and on and it will resync automatically when you start bitcoin-qt.exe! Make sure to close the client always via "quit" - ctrl+q. After you have your bitcoin core installed, the blockchain downloaded and synced - you are ready to PRUNE! First - close the Client and let it close smoothly. After it is really closed you can follow these steps:
By pruning, your blockchain will dramatically shrink. From 120GB to just a few GB.
Be aware, that you will lose your Downloaded Blockchain as pruning will erase a big chunk of it! If you have enough space, you could of course keep the full blockchain saved somewhere on another HDD. You can prune by editing your bitcoin.conf file by adding:
I used prune=1024 - not sure where the differences are right now (min. prune=550). (for my 8GB version I used 550! I suggest to use this.) Save the bitcoind.conf file and restart your windows client. It will now clean up the Blockchain. So just the latest blocks are saved. The client should start without any problems. Maybe it takes some time to prune the blockchain data. Check if everything works normally (the client opens as usual, you can see an empty wallet) than close the client. Inside the Bitcoin Folder, you'll find two folders called:
those are the interesting folders containing the important data (now pruned) - and we will transfer those two to the raspberry later! Now you are good to start the raspi transfer explained in the next part.
Here is what I did: 1) I installed Raspian Pixel (https://www.raspberrypi.org/downloads/raspbian/) using a 128 GB SD - which is not needed because of "Pruning" - I think a 16GB card might work, too! (You can also install Raspian Jessie Lite - which saves you even more space, as it runs headless - only command line) (Updated: It is better to use Jessie Lite to save a lot of space - when you are fine with only command line) 2) I followed partly this tutorial to get everything running and setup:
Please have a look at it - I have copied the Headlines in capitals to let you know what I did, and what I skipped. On Tutorial Page: Start with RASPBIAN (OPTIONAL) CONFIG OPTIONS. Set You RasPi up including "EDITING FILES" to save your Layout at the tutorial page and come back here. I skipped the CONFIGURE USB AND SET AUTOMOUNT process, as we are going to use PRUNING to reduce the 120GB to a tiny filesize - so USB Devices are not needed here! It was necessary to ENLARGE SWAP FILE to install bitcoin core - otherwise it didn't went through which ended in a frozen raspi. So have a close look by following the raspnode tutorial at: ENLARGE SWAP FILE. I have my raspi running via cable to router - but you can also WiFi setup everything described under NETWORKING ON THE RASPBERRY PI. Now comes the interesting part: Follow the steps at DOWNLOADING BITCOIN CORE DEPENDENCIES - they work fine for 0.14.0 too. Git should be on Board already when you installed Pixel - otherwise you would need to install it.
sudo apt-get install git -y (only jessy lite)
I skipped the next command lines - as I don't use bitcoin-qt wallet. If you want to use it as wallet - do the step.
as I don't need the wallet functionality. I didn't need to use "MAKE" which saves you maybe up to 2.5 hours. instead you can just go ahead with:
sudo make install
(If I am wrong in doing so - please let me know) The install takes some time - and just a heads up: when it gets stuck somewhere - just redo the installation process - it took three times to went through - stuck at some processing. After the installation took place you can finally get your Raspberry Pi Node running in no time! To test if the the installation went through - you can just start bitcoind using:
than check if everything is working so far:
after a few seconds you should see version: etc... if not, something went wrong. Try to redo the steps in the raspnode tutorial. (don't give up if it failed - retry! Ask your questions here) IMPORTANT: you need to stop bitcoin on your raspberry now!
If you don't need an external USB Drive - what I hope - as we are going to use pruning just go ahead and skip the USB part and create a file inside (or follow the raspnode tutorial on how to setup the USB drive):
cd .bitcoin sudo nano bitcoin.conf
and enter the exact same pruning size you have used on your Desktop Machine to prune. I used 1024 but the minimum is 550. (used 550 for the 8GB SD card on PC and Raspberry)
That's it for the raspi. update: To signal UASF enter in a new line:
Now you have to transfer the two folders CHAINSTATE and BLOCKS from your PC bitcoind directory to your raspberry. I am using a program called "WINSCP" - it is free and easy to use: https://winscp.net/eng/download.php We need this to transfer the files to the Raspberry pi. Pretty sure you can also do it via SSH - but I am the noob. So let's keep it simple. Open Winscp and put in the IP Address of your Raspberry Pi, User and Password (same as in SSH) You should now see the directories on your Raspberry Pi. There is a folder called
enter it and you will see the two folders
blocks & chainstate
you can delete them on the raspberry as they have some data from your previous test inside. Make sure you can also see the bitcoin.conf file in that directory, which needs to contain the exact same prune line, like the one on your desktop machine. If not, make sure to edit it via SSH. The line "datadir=l:\yourfolder" is obviously not needed in the Raspberry bitcoin.conf file. Now grab the two folders CHAINSTATE and BLOCKS from your PC and copy them to your .bitcoind folder. I also copied banlist.dat, fee_estimation.dat, mempool.dat and peers.dat to the folder - not really knowing if needed! Not needed. The whole copy process might take some minutes (against some weeks in the old way). After copying is finished, you can now start bitcoind on the Raspberry.
the & symbol let you still use the command line while the process is running btw. The process - if succesfull - will take some time to finish.
Will give you some informations what is going on right now. When you can see, that it is checking the blocks, this is good! If you get an error - double check - if you have the correct prune size (same as on desktop machine) - in bitcoin.conf and that this file is inside .bitcoin on RaspberryPi. It took me some time, to find my mistakes. Congrats! You are almost a part of the network! To make your node now a fullnode, you will need to go to your router (often 192.168.1.1) and enable portforwarding for your raspberry pi - and open ports 8333 - that's it! You can now go to: https://bitnodes.21.co/nodes/ scroll down to "JOIN THE NETWORK" and check check if your node IP is connected! It will show up as soon as the blocks are checked and the raspi is running. Well done! Now you are running a full node, with a small Blockchain and got it working in Minutes, not weeks! I really hope, my little tutorial worked for you and your are part of the Node network now. If you have problems or I made a mistake in this helper tut, just let me know and I will try to make it better. Have fun and NODL! the noob tl;dr; (if you are a real noob start with the non-tl;dr version!) tl;dr; PART ONE 1) Download & install / setup bitcoincore @ https://bitcoin.org/de/download 2) change dbcache to something smaller than your memory and download the whole Blockchain (120GB). 3) create a file called bitcoin.conf put the line prune=550 (or higher) in to activate pruning on win inside %appData%/bitcoin 4) Open ports 8333 on your Router to make this a full node with a smaller Blockchain. You are running a full node on your PC. tl;dr; PART TWO 1) Install jessie lite and the needed dependencies on your SDCard - Raspberry ( >git clone -b 0.14 https://github.com/bitcoin/bitcoin.git )
see tutorial for more info.
2) create a file called bitcoin.conf inside .bitcoin and add the same prune=Number you had on your PC. 3) transfer the pruned folders BLOCKS and CHAINSTATE to the Raspberry Folder .bitcoin 4)Start "bitcoind &" 5) let everything sync 6) Make sure you have port 8333 opened on your router. You are running a full node on your Raspberry with a super small Blockchain (I put all on a 8GB SDcard) Tip if you want : 19656Uwdwko5RjtnuwQENpjBwE3ChzD59v updated 03/12 - will update more, soon. updated 03/12.2 - I updated the whole process a bit and also added some improvements. updated 03/14/ Added a tl;dr version at the end.
There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk. [b]Some examples where encryption plays a role: [b]Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction. [b]Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private. [b]Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency [b]Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well. [b]Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of the source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well. [b]“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise, hackers paradise. [b]EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware? So the future for the [b]“Encryption of Things” – EOT, looks very interesting indeed and the role of crypto currencies in this will be major. Read the full white paper here - http://eottoken.com/index.php/whitepape The first device using EOT Coin is the BitVault®[/b] - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your crypto currency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security. September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived) October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped) November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived) November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ACHIVED) December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy January 2018 – EOT Camera, an Encryption of Things connected camera February 2018 – EOT Development Kit for hardware devices EOT payment gateway live on swissbankinyourpocket.com, Now you can buy SBIYP and BitVault using EOT coins More on the BitVault here:- https://swissbankinyourpocket.com/bitvault/]https://swissbankinyourpocket.com/bitvault/https://swissbankinyourpocket.com/bitvault-apps/]https://swissbankinyourpocket.com/bitvault-apps/https://bitcointalk.org/index.php?topic=2152534.0]https://bitcointalk.org/index.php?topic=2152534.0 JOIN US ON REDDIT : http://www.reddit.com/EncryptionOfThings]www.reddit.com/EncryptionOfThings JOIN US ON SLACK : [url=https://join.slack.com/t/eot-coin/shared_invite/enQtMjc3NzkxNzY5NzQ0LTFjMWI5NTJjOGEzYjU5ZDk0ZjRjZWE3MzBkNmI0MmQ2NTUzMTBkOGQ1YmEyNTllMmNiYzA3MGZjOGVmY2IyZGU The EOT Token is trading on the Waves Platform, TOKENS are 1:1 image of EOT coins, EOT coins can be converted to tokens and vice versa using gateway service in SBIYP hardware wallet. if you do not have that hardware wallet, you can contact members on slack who have purchased SBIYP to do that swap for you. TOKEN DETAILS Name : EOT Token (Verified) Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5 Total supply : 100,000,000 EOT token (EOT) markets added on the Tidex Exchange https://tidex.com/exchange/eot/btchttps://tidex.com/exchange/eot/waves EOT Coin details (currently minable) https://github.com/EmbeddedDownloads/EOTCoin windows wallet[/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v22.214.171.124/EOTCoin-win.exe windows Desktop wallet[/b] https://github.com/EmbeddedDownloads/EOT-Coin-Windows-Desktop-Wallet/releases/download/1.0/EOTCoinDesktopWallet1-0.zip MAC Wallet [/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v126.96.36.199/EOTCOIN-Qt-OSX-v1001.dmg WEB wallet [/b] http://eot.digital (Closing, please withdraw your coins) ANDROID wallet [/b] https://github.com/EmbeddedDownloads/EOTAndroidWallet/releases Block Explorer [/b] http://www.eot.digital:3622/ Block Explorer 2 [/b] http://www.eotcoin.info (created by [b]@Luanptit[/b]) [Block reward [/b] 100 Coins, [b] ALGORITHM [/b] SCRYPT, [b] BLOCK TIME [/b] 90 seconds MINING POOLS Official mining pool [/b] http://www.eot.digital:3001/ Getting Started [/b] minerd -a scrypt -o stratum+tcp://www.eot.digital:3256 -u WalletAddressWhereYouWantYourMiningCoins -p 1 unofficial Mining pools http://www.altminer.net http://antminepool.com http://coinminers.net/ http://www.vivocryptopool.com [red]Currently EOT is traded on WAVES DEX, Crypto-Bridge DEX and TIDEX. Big exchanges will be available soon, exchanges are in comkmunication. Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things" [size=34px]Bitvault on Yahoo Finance https://finance.yahoo.com/news/bitvault-worlds-first-blockchain-phone-201600279.html [/size] [center][img width=770]https://i.imgur.com/UMIlRoC.png[/img][/center] [center][size=30px]Press release 4th October 2017 [/size] [size=30px]yahoo Finance https://finance.yahoo.com/news/bitvault-announces-london-launch-161000826.html?soc_src=community&soc_trk=tw [img]https://i.imgur.com/mBDZnN7.png[/img] Some Helpful Information [quote author=Story777 link=topic=2091616.msg21890405#msg21890405 date=1505551168] You have been keeping a great secret. I've been doing a bit of research with the technology behind this coin. It looks like ALOT of research has gone into this tech, since about 2004 and shortly after a patent for this P2P system was quickly issued. Bitvault (https://swissbankinyourpocket.com/product/bitvault/) who are using the worlds first blockchain phone as a secure communication device and ultimately taking [font=Verdana][b]encryption[/b][/font] to the Internet Of Things (IoT) keeping our personal and business data secure. All this is done using [b]EOT coin [/b](Encryption of Things). In todays world insecure devices are rampant. Here are a couple of links about the CIA being able to use insecure devices to 'cause accidents' http://www.sandiegouniontribune.com/news/cyber-life/sd-me-wikileaks-cia-20170307-story.html and https://www.washingtonpost.com/news/innovations/wp/2017/03/08/what-we-know-about-car-hacking-the-cia-and-those-wikileaks-claims/ It's scary to think a legal entity could posses such power over life. Just the mere fact alone the governing authority can request phone records (e.g. txt msgs, voice msgs or eavesdropping) proves most if not all telecommunication companies do not encrypt, otherwise whats the point on requesting the information!? (legal or not). Commercially sensitive information needs to be protected and most importantly in my opinion our [font=Verdana][b]rights[/b][/font] and the privacy of all citizens of the human race need to be protected. From my understanding BitVault is a platform for reference data. This would be data that is stored for compliance reasons such as e-mails, invoicing systems and check imaging (e.g. high quality imaging for x-rays, MRI scans etc) and a prototype was developed in 2004. This would means massive amount of data storage is required with fail-safe systems so a authorised user could access this information very very quickly. Three goals were needed to be achieved: Low cost, high reliability/availability and simplicity. This is the birth of Bitvault via EOT. Bitvault ultimately stores immutable objects with each new version being updated and identified with a 160-bit key. System stability is very important and must be immune to failure sequences. Parallel repair via indexing is one of the many strengths Bitvault has been able to demonstrate. BitVault is a back-end system that uses [u][b]Applications[/b][/u] to catalog object ID's. Using a catalog utility and indexing within an application prevented scalability bottlenecking under heavy loads. Fast forward 3 years to 2007 a very important decision was to [u][b]decentralise[/b][/u] BitVaults system. This in my opinion is one of the fundamental principles of cryptocurrency - [u][b]No one entity or person has any control of the data stored and only the authorised user can access this info[/b][/u]. Ultimate Security and thus personal safety (see above articles CIA hacks). BitVault using applications have been able to use provable communication and data storage with ease of retrieval with vital security measures. BitVault is not alone in researching solutions for security for the IoT, such as Venti and the like are making progress, however, BitVault is 'head and shoulders' above the few competitors and are already offering practical working solutions on the market with huge scalability that is cost effective. Well Done BitVault, well done EOT your secret is out and let the world embrace. author=Story777 link=topic=2091616.msg21462424#msg21462424 date=1504428317] I have had a response in Slack and it has satisfied my questions. Thank-you. For everyone information here it is: The currency was created with 200 Million EOT total supply on 7 July 2017 [ we showed it to the community a London Fintech week with the demonstration of the BitVault - fintechweek.com ] 100 Million was pre-mined and another 100 Million are currently being mined, 1 block every 90 seconds @ 100 coins per block. So the pre-mined coins were listed on waves as a token so that it can create a market for the coins while we are working to get listed on other exchanges. The 100 Million coins listed were distributed in several ways. Firstly, this was not an ICO because our business is already funded via private capital. We wanted to get the currency distributed a widely as possible. So most of the initial coins were given away to a number of interested parties. We distributed this to our whole development team, business partners, employees as well as to the waves and other communities. So we did not sell all these coins for the current price, most of it was given away for free to people that have an interest in our products and business. The price now is formed by whoever owns these coins. The tokens on the exchange is really a representation of the currency and as such has value because it can be interchanged, just like Bitcoin and Ethereum are on the waves exchange. This whole process is explained on page 4 of the waves whitepaper, I think they call it an asset-to-asset exchange which makes it possible to list any asset that exist on waves. Unfortunately waves only has gateways currently for Bitcoin, Ethereum, Waves, Euro and USD, so we have to develop our own gateway, which will be available on Nov 1. So to clarify 100,000,000 tokens costing $190M were not sold. It is a combination of airdrops, private sales and sales on the exchange. Some EOT coins are needed because: "A lot of EOT will be distributed through our devices. For example our encrypted routers are pre-loaded with EOT, so we need that stock and it will be distributed that way". And with the response to tokens on the Waves Exchange "This is how Bitcoin works on waves: - They created 21 Million BTC Tokens.. When you deposit Bitcoin into waves account, you receive an equal amount of tokens which you can either trade or even sent via the waves blockchain to another user.. Once you withdraw your tokens are exchanged for BTC and you receive it back into your BTC wallet.. Exactly the same for USD or EUR - You don't send Euro's to another client on waves if you transfer - you send a token that represents EUR -- This works exactly the w0083". These are the answers I was looking for and make a lot of sense now. This is indeed an exciting project. :) It's time to trade.... Now I have one question left.... Is there anyone using NiceHash to mine this coin?? I keep being disconnected because of the difficulty being too low. Can any one help? [quote author=Shews link=topic=2091616.msg22876983#msg22876983 date=1507755312] EOT (coin) is now tradable on the CryptoBridge Decentralised Exchange, you can sign up below. Please note this is for the EOT COIN ONLY, do not send tokens to this dex. This is a secure means to trade with the backend being on a blockchain. It is still in beta stage but has been working flawlessly so far. If you'd like more info I will post their website link is below. https://wallet.crypto-bridge.org/?r=388691 You can sign up with a local wallet mode, meaning you are the only one with access to your keys, this is most secure. There is also the option to sign up with and account if you require access to you funds on the go. More info: https://crypto-bridge.org/
Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone! Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers. With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today. In simple terms think Dash + Ethereum/Lisk + Monero + Nano + Storj + Particl capabilities all in one coin!
The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources. Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release. Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias. The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain. The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality.
The Team that NEVER quits! Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. The case against Moolah is still on-going. See the article from CoinDesk here:http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/. What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF. View Team Page.
Building on the World's First Decentralized Marketplace, Blockmarket is the newest generation of Syscoin's Desktop wallet with a complete, state-of-the-art marketplace built-in where you can securely and reliably buy and sell any items you wish. Entire stores can be created directly through the marketplace where you can sell your own products or re-sell others’ products for commission. Use of blockchain technology eliminates middlemen, credit card fees, maintenance fees, downtime and political interference. Persons are literally able to buy or sell anything to anyone, anytime, anywhere on Earth! Blockmarket Desktop was launched on September 12, 2017. Download Blockmarket Desktop 1.2
Key Blockmarket Features
- Decentralized Marketplace
The marketplace platform provides a decentralized and high redundant channel for selling goods and services. Features include: • Price Pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC • Bitcoin and Zcash as payment options • Arbitrated Escrow • Encrypted Messaging • KYC/AML Compliance • Images • Unlimited Inventory Items
- Name Aliases
Wallet addresses for cryptocurrencies generally consist of a unique string of between 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although the addresses can be added to an address book within the wallet, Syscoin has taken the user's convenience one step further, allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home, to a mobile wallet, to work, to friends, to common suppliers or to repeat customers easily, without requiring any memorizing, writing it down, copy & pasting or emailing yourself the address.
- Digital Certificates
Using the cryptography of the blockchain persons can issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ASCII content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.
- Integrated Exchanges
Integrated Crypto exchanges - Flypme and Changelly will facilitate exchanging 30+ cryptos for SYS, directly within the Blockmarket wallet.
- Security Audit Verified
Blockmarket was successfully and independently security audited by Digital Boundary Group and was deemed low risk. View Audit Results.
Blockmarket Desktop – Quickstart Tutorials (16 short vids)
BM web will bring SYS’s existing decentralized marketplace and all its features into a web-based version, enabling ease of use with a simple email and password login (grandma friendly) without any need for downloading a wallet or waiting for sync. Blockmarket web will be launched in Q1 2018. This launch will be accompanied by a marketing campaign roll-out that seeks to build brand recognition with audiences within the existing crypto ecosystem and more significantly with the broader, global, non-crypto audience. For this reason Ballistic Arts, a full-service marketing agency was retained by BF. BF Engages Marketing Agency
Primary Target Market + Value Potential
The primary target market for BF’s Syscoin/Blockmarket web flagship is the retail e-commerce industry. This sets up their decentralized marketplace to rival such commercial giants as Amazon ($648B market cap), Alibaba ($453B market cap) and eBay ($43B market cap). According to eMarketer’s Worldwide Retail and Ecommerce Sales report, global retail e-commerce sales for 2017 were $2.3 Trillion. This is expected to reach an estimated $4 Trillion by 2020 reflecting the rapid growth within this sector. To perform a very simple assessment of the Syscoin/Blockmarket web’s potential let’s assume that a 1% portion of the forecasted $4 trillion market is captured, which represents $40 billion in revenue. Assuming a sales to market cap ratio of 1:1 for simplicity, the circulating supply of 531 million SYS, with a $40 billion market cap yields a price of roughly $75 per coin. However, with masternodes that limit the circulating supply and token utility that extends beyond retail e-commerce, the SYS price could likely reach much higher. Please note that these are just very simple assumptions and projections for this exercise, however the real world driven potential that this project has is clearly evident.
Key Syscoin Developments
- Z-DAG: Zero Confirmation Transactions with Double Spend Protection (WORLD’S FIRST)
Ability for world-class transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k TPS/3k masternodes, etc). In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility as holding will be incentivized.
Scalable Ethereum Virtual Machine: Allows Turin complete smart contracts to be executed following the ethereum protocol at a much faster speed and at a fraction of the ethereum gas price.
- Assets & Token Issuance
With its token issuance service, Syscoin allows anyone to create a custom asset token which can then be sent directly to anyone else on the network. This facilitates a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.
- Anonymous Transactions
Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in the near future which will further compound the degree of anonymity provided -Add ValueShuffle running on top of the masternode layer and you have the world's most advanced privacy tech in any coin. This brings true money fungibility to Syscoin and the missing link for true economic sovereignty. View Developer’s Twitter post.
- Instant Send
Transactions can be sent and received instantly. This represents a similar sending capability as Dash, but is a step beyond- A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.
If you need help for an important wallet issue or if you want to know how you can contribute in promoting Syscoin Join the Slack channel where the SYS team and community members are active, helpful and responsive.
SYS Team - keyare, sidhujag, sebastien123
Redditor alias - djminger007
Redditor alias – Todoruku
Twitter alias – CryptoMink
Medium blogger – Steven Voros
Medium blogger – Daniel Westby
Medium blogger – The Crypto Journal
Slack Community members – Redrace, Mettamark, Rare and Viljis
This post was created particularly to aid those who are new to Syscoin. Please note that the content provided within this post is for information purposes only and is not to be construed as investment advice.
The pools are all reporting the wrong network data (I hope its this - but the rate of discovery of blocks by pools would suggest otherwise)”
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852) -2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit." (https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812) [eizh makes official announce of last miner optimization, it is may 17th] -2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038) [wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools] -2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|" (https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946) -2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro" (https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548) -2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486" (https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109) -2756: “So... ALL Pools have 50KH/s COMBINED. Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?” (https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977) -2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.” (https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012) -2765: “Penalty for too large block size is disastrous in the long run. Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.” (https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475) -2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes." (https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710) -3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin. To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially." (https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545) [tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project] -3044: "image" (https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986) [Monero added to coinmarketcap may 21st 2014] -3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)." (https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509) [random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)] -3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam. In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa). Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet." (https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638) [An answer to those trolls saying Monero has no innovation/unique feature] -3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself." (https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676) -3119: “image” [included for the lulz] -3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs." (https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006) [the initial "core team" so far, eizh post] -3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085) [fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading] -3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526) [fluffy again, worth to read it too, so follow link, don’t be lazy] -3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.” (https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197) [flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner] -3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded. I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy." (https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796) [smooth takes the opportunity to remember the need of bigger target block] -3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373” [wolf0 makes public his open source optimized miner] -3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools." (https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193) [tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it] -3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693) [fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins] -3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one. I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw). Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar. The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized. That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have." (https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720) [smooth vision of a true p2p currency] -3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth." (https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061) [smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances] -3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them." [fluffy-troll] -3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do"" (https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244) [Major FUD troll in the topic. One of the hardest I’ve ever seen] -3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants. Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking. Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures. This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)." (https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525) [Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on] -3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars." (https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770) [Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies] -3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412) [partnership with i2p] -4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373” (https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812) [super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining] -4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here: logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately." (https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497) [Jun 2nd 2014] -5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0” (https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160) [4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner] -5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724" (https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061) [miner optimization is an endless task] -5464: "I have posted a proposal for fixed subsidy: https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538" (https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776) [Nice charts and discussion proposed by tacotime, worth reading it] -5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default." (https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475) [Now you can recover your wallet with a 24 word seed] -5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623) [Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)] -6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715) [Monero missives: CryptoNote peer review starts whitepaper reviewed)] -7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333) [android monero widget built] This is a dense digest of the first several thousand messages on the definitive Monero thread. A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
30th April: First NoodleDoodle's miner optimization.
11th May: First Monero exchanger
13th May: Open source pool code is ready.
16th May: First pool mined block.
19th May: Monero in poloniex
20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
25th May: partnership with i2p
28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
4th June: Claymore's open source GPU miner.
10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
March 2015 – tail emission added to code
March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
Ben: Primecoin is one of the two cryptos that you released. While the Primecoin community is smaller than the Peercoin one, there are a lot of dire hard supporters. Ben: There is some confusion in the community about the purpose of Primecoin, how it relates to Peercoin, and how it should be marketed. Ben: Could you please comment on the relationship between Peercoin and Primecoin, and their intended respective purposes? Sunny King: Primecoin is a different approach to Peercoin as to the energy problem of cryptocurrency. In my opinion proof-of-work would stay for quite some time as at least one of the major security models of decentralized consensus, so putting the computing power to something more useful than just hashing is definitely an important improvement there Sunny King: Let's put it this way, Adam's hashcash is cool, but at this point it's rather boring don't you think? I think implementing primality testing in ASIC is a lot more useful for computing industry than just a bunch of hash functions, although that's probably my prejudice Ben: I've noticed that Primecoin recently broke another world record Sunny King: We know that the current market is highly competitive, right now the scientific approach is not very well capitalized by market. There are a few other networks, all not very well capitalized at the moment. So primecoin is still leading the scientific proof-of-work market. Ben: Has there been any academic discussion about how these very long Cunningham chains can be put to practical use, beyond as a mechanism to protect cryptocurrencies? Sunny King: Yes we claimed 14-prime chain record. So primecoin is holding 10-primes through 14-primes world records at the moment. Sunny King: Not that I am aware of, however these structures have some link to cryptography, so you never know. Ben: I may be the only one, but I'm excited at the prospect that proof-of-work using the Primecoin algorithm could be put to use pushing scientific research forward. Hopefully we'll hear about interest from outside the cryptography and cryptocurrency domains in the near future Sunny King: Regarding the relations between peercoin and primecoin, they are designed to each be contenders to the energy efficient and energy intensive market sector of cryptocurrencies Ben: Did you envision a time where they would be linked at a more fundamental level? Ben: For instance, is there a development path that could lead to Primecoin someday providing the proof-of-work component for Peercoin? Sunny King: Most likely not in this fashion, I think peercoin is more likely to move to stop proof-of-work rather than switch to prime mining Ben: Would you ever consider opening up development for a wallet that could support both XPM and PPC? Sunny King: But I think primecoin would get its own eco system. If infrastructures of side chains are developed, there will be both for peercoin and primecoin. Sunny King: As for combined wallet, that's probably too early to say at the moment. Ben: That's an interesting thought, and one that I had not considered, to be honest. Ben: The codebases for Primecoin and Peercoin are similar enough that a lot of the development advancements in one (outside of their core hashing schemes or proof-of-work), could be repurposed to work in the other. Ben: What is the next logical step in Primecoin development on your roadmap? Sunny King: The main problem is to keep sync with bitcoin's bug fix and new features. Bitcoin's codebase is not very amenable to multi currency wallet development. But this is also something to be looking at from side chain development point-of-view. Currently I think spending the effort to just combine wallet is probably too costly. Ben: As someone with first-hand experience working with the Qt wallet code, I think that "not very amenable" is a accurate description :) Sunny King: Like I said, I am looking at possible side chain infrastructure development, we don't want to be left behind bitcoin in this area. Ben: A related question, and I'll use the submitter's words to preface it... Sunny King: In fact I have been thinking along this line since 2011. Originally I was thinking about supporting data applications inside peercoin network. Ben: Let's talk about that a bit (and then come back to the next question) Sunny King: The main problem is blockchain is not quite scalable for such purposes. Ben: When you use the term "data applications," what do you have in mind? Would these be different cryptoassets, or something else? Sunny King: And there are many many different data applications, so the thing would get very crowded Sunny King: It could be cryptoassets related, ripple has been the pioneer in this, namecoin another pioneer in domain name application, you could have say messaging, or things like file system such as what super3 is considering Sunny King: So the best approach is probably to let each application have it's own side chain I think, not to interfere with the usability of base currency network Sentinelrv: For those interested, this is Super3's project: http://storj.io/ Ben: It sounds like you'd be a supporter if anyone wants to work on a "PeerMessage" ala BitMessage, or to take things in a whole different direction Sunny King: I think yeah if we can provide the infrastructure to other developers that would be very useful Ben: That's actually comment is actually a nice segue into the last Primecoin related question I had from the community Ben: The original poster had phrased it something like this: Ben: I'm working as a "data scientist" (large-scale biology and sequence analysis, setting up workflows and providing understandable ways to visualize such data usually through web-interfaces, as a PostDoc). Ben: If they were to 'donate' a week of their time to develop something for Primecoin, what would you like to see created? Sunny King: I think right now it's just a matter of understanding the importance of cryptocurrency movement, I certainly hope the scientific community could put some effort behind primecoin network, say accepting both bitcoin and primecoin. Sunny King: You could also think about possible side chain applications for scientific use. I think there could be lot of things to be moved to blockchain Ben: (If anyone else has ideas that they would like to run by the community, please post them on the Primecoin forums.) Extracted from: PeercoinTalk's Community Interview With Sunny King #4 - June 7th, 2014 http://www.peercointalk.org/index.php?topic=2934.0
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