Topic: 💬 ADAMANT Messenger — ETH/BTC/etc. in-chat payments, open source and secure - page 53. (Read 47211 times)

I'm pretty astonished that not more people are commenting in here. Maybe it's the simplicity of the idea?

https://bitcointalksearch.org/topic/soooo-what-do-we-think-of-adamant-3469945

Can I just say how glad I am to see an ICo which is not just another ETH token?

My personal thoughts:

Pros:

• Working prototype
• Proven consensus system (Lisks codebase)
• Relatively small hardcap (12 000 ETH or roughly 8 000 000 $)
• Most of the tokens will be distributed
• Sniffing around indicates, that this is a legit project (E.g. interview on the Lisk blog, yet no official endorsement)

Cons:

• I'm not sure whether an independent blockchain is really needed for this project
• It's still a token solution, meaning, you'll have to jump through hoops to get the tokens to pay, as opposed to payment via established currencies

General thoughts:
There is a number of projects working in that direction, which on the one hand is competition, on the other hand indicates a general interest in the idea. From what I'm seeing, Adamant is pretty far ahead, compared to others (Hush, ODN, et. al.).
With SHIFT, Ark, RISE and Blockpool, Lisks codebase has been utilized quite a bit. Projects like EOS will be using a variant of DPoS as well, so there might be more interest in projects going that route.
All in all, I feel the positives outweight the negative aspects, so I'll put a little bit in there.

Ref link:

https://adamant.im/ico/?referal=U10700721906004344123

I think that the assumption of 300 bytes per message is not very precise, because you also have to store sender and receiver addresses, the signature, probably some additional metadata.
If sender can read sent messages, they should be encrypted and stored twice (encrypted with receiver's private key and sender's private key).
Transactions of other types will also consume hard disk space.

please tell full about this projects. i want to know more about this projects..

please tell full about this projects. i want to know more about this projects..

The project is developing very well, which is exactly what we want to see. I'm very happy about it. Good luck to you all of you the developers and investors!

That comparison against other product shows huge potential for this messaging platform if the promised tech is delivered in presented way. This the industry which still have huge space of growth for every project which ensures real privacy and security of data. It looks interesting but need to read it well. 

It is unreadable

Hello. The development of a new secure messenger is an urgent issue for today in Russia. The team has every chance to succeed.

In my opinion, and after I read and translated the Whitepaper, I think this project is not necessarily for mass adoption -just right now- as any other typical messenger, this is for people and companies that appreciate -and need- 100% privacy, anonymity and confidentiality. In the future though, I think with blockchain disrupting every industry, world can turn into this kind of data protection models for daily use applications. So users will prefer to pay a small fee in order to make sure their identity and privacy will be totally locked down,

Is it clear how contributors will be paid back? once you have established how the project makes money, how does a contributor get some of it?

«ADAMANT Grows»
To make ADM tokens even more valuable, all the dedicated for the ICO campaign tokens
being unsold will be distributed among the actual ADM owners — their wallet balances
will proportionally grow by 5% monthly for an estimate period of a one year after the ICO
ends up.
As far as ADM is an Utility-token which is used to maintain the network infrastructure, the
ADAMANT Grows system is only aimed to protect the conceptual system aspect and not
suitable for gaining profits.
This distribution will be eventually stopped with the ICO wallet depletion.
Therefore, the earlier you’ll support ADAMANT, and the longer you’ll hold your tokens, the
more “grow”-bonuses you’ll get.
● Distribution beginning: 04/11/2018
● Distribution period: monthly
● Growth percent: 5%
● Distribution closure: eventually with ICO wallet depletion.
These wallets do not participate in token distribution campaign:
1. All initial system wallets (ICO, investors rewards, Adoption, reserve wallets);
2. Wallets with their balance being less than 10 ADM tokens.
The information about each distribution round details is open (hence will be published on
an official website) and all growth transactions are visible through the ADAMANT
Explorer.

Infrastructure maintaining and ADM token forging (mining)
ADAMANT infrastructure is handled by a system of distributed servers that are running
full nodes (blockchain). All servers’ support expenses are covered by ADM tokens forging:
1. Transaction fees
2. Rewards for blocks forging.
To participate in forging process, a node should be registered as a network delegate and
afterwards receive enough votes from ADAMANT users. Delegate registration fee is 3000
ADM. An ADAMANT user voting for another delegate is required to pay 50 ADM.
DPoS scheme functioning algorithm is based on a voting process that proceed in real-time
mode (with the use of the reputation level of the network members) which is aimed to
create a list of trusted nodes (delegates). After being elected, delegates have the
legitimate right to create and verify blocks for adding them to the blockchain and also
prevent invasion into the process. These nodes forge (create) blocks one after another in
an order that randomly changes after each round.
Delegates do forge (obtain or earn) themselves ADM tokens when creating new blocks.
The amount of tokens being produced this way is constantly increasing. With the system
inception it was to be 0.5 ADM per 1 block, but each 6 307 200 blocks (approximately a
year in real time) this number decreases by 0.05 ADM till fit 0.1 ADM. This forging reward
increase is going to motivate all delegates to manage the increasing network loads.
Regarding the calculations, the delegates will gain these rewards approximately for 140
years, after which the infrastructure will be fully supported by transaction commissions
only.
The number of active delegates participating in blocks forging is 101. In case when their
number is lower than that, these 101 votes will be allocated among the existing members
which operate as a full node. The minimum amount of such nodes is 3. The whole system
becomes more stable and reliable with the amount of nodes increasing.
To create (or forge) new blocks using DPoS, an election do take place in which 101 delegate
members are chosen from the delegate pool in order to make all ongoing 101 blocks.
The voting is executed by nods (all wallet owners) automatically, based on the trust in
particular delegates and their online uptime. After all delegates are being chosen, they are
given an order in which new blocks should be formed. Creating a que of 101 blocks
approximately takes 8 minutes.
Important to note however, that the payment for block forging starts only after the
sequence of 2,000,000 first blocks is being created. This measure guarantees that the
initial network participants won’t get their tokens with the minimum amount of effort.