Topic: [ANN] A New Coin! First Coin on Bitcoin Core v0.19+Dash MN(PoW/PoS hybrid) - page 7. (Read 2817 times)

Can you explain balloon hashing? I'm not very familiar with this term. Also do you guys plan on adding more platforms and services for this coin or is it just the ones specified?

Firstly, I like to think of Zentoshi as a business rather than a coin project. We are a company that utilizes a utility coin to pay for services and enable our infrastructure through blockchain. Rather than going an ICO route and selling a dream, we built a business that has profit potential from day 1 which will continue to develop its business and technologies.

Most projects and coins out there are just copies of each other with a new version of why it will be the next bitcoin or why it is better than sliced bread. We don't see this project as either of those things. We built our coin from the ground up using Bitcoin Core v0.18 as the base and attaching existing technologies like deterministic masternodes to give us a foundation to develop from and create new technologies that will benefit the market as a whole.

Looking forward to hearing more updates.



How do you think this project stands out among other coins?

1. We are using a modified Balloon hashing algorithm courtesy of our in-house developer team called balloon². The original balloon algorithm was in fact GPU mineable (a GPU miner took several months to surface), however even then it was only operating on a ratio of 1:4 efficiency (CPU/GPU). This was due to an oversight made whereby part of the hashing function was able to be precomputed (specifically the AES-128-CTR rounds). This has since been resolved and the advantage gone.

2. We will start mining in our testnet which is a few days away, that is available to anyone who wants to take part. Just join our Discord or Telegram for more details! There is little to no private mining happening other than the first couple of blocks other than our pre-mine to make sure everything works before we get to further testing. You are welcome to join in on the fun!

3. Yes on page 50 it is correct. We have set aside 7000 coins for a bounty program, however our community budget may contribute more for this.

4. We have decided on that number and split it into 2. One being our operational budget, which we have full discretion on its spending. We then have our locked reserve which is LOCKED. These funds can only be accessed by our CEO and COO while only done so through community governance. We have an article that explains our reasoning behind it and its implications for our business. The locked reserve is essentially time locked using our cold interest system where you can lock coins for a determined amount and receive rewards. This will be fully visible on chain. The only times our locked reserve of 1,800,000 will be used is at the event that our operating capital has been exhausted and our community approves of the movement for the funds to be utilized as operational budget. Here: https://medium.com/zentoshi/the-zentoshi-budget-e2208693f61e

---

Yes we do! Much like our ideals with SunnyNode with bridging the gap in technical know-how, we are aiming to do the same across our whole organization!

I think the current Whitepaper contains too much technical information regarding the primary nodes, secondary nodes and how they operate. The Whitepaper also states ''Five years to Mass adoption". So I'm wondering if you have plans to make things much simpler for non-technical people? For example - light paper, some sort of guides etc.

I looked at your whitepaper and have the following questions:

1. You are saying it will be a CPU mineable coin. How will you make sure that miners will not devise methods to mine with GPU or ASIC miners?

2. Will you be starting mining from scratch at a launch time like in the old days? Will the initial emission curve counter low difficulty?

3. On page 51 should the 1% 7000 for bounty not be 10% 70000?

4. 2.5m is an extremely large pre-mine compared to block rewards that your team will mange. What guarantees will there be that it wont be dumped?

You can join our Discord or Telegram and get details when we go live with it. We are days away.

I've been in the Discord group for sometime to know that this are all facts. The team have come really long way to put together a water tight plan and project that service a very important aspect of the blockchain.

How can I get on the testnet, is there a link somewhere with more details?

You will be able to pay for services on both our official channels for our services via places like SunnyNode.com or CloudGSP.com or use them on our marketplace where unofficial services are offered by our operators.


ZentoshiVIP is a program to reward our users for their usage of our platform, utilization of our currency, and engagement across our community. These benefits can include special discounts, access to airdrops, inside scoops and news of our progress, access to test our technologies before the public, rank display, and much more.


You can absolutely earn money on our blockchain, have you read our whitepaper? Users can run ZentoshiNode Primary servers to privatize funds, and can run ZentoshiNode Secondary Servers to run our infrastructure! Secondary Nodes are still under development however, they will be operational soon!


Absolutely. We are currently partnered with many coin projects for our 1-click masternode function on SunnyNode.com and are always looking to make mutually beneficial partnerships across the market. We are also looking into B2B partnerships for application infrastructure hosting, and other forms of utilization between our services.


We will start publicly mining our chain on Nov 7th. However, we will have a testnet available in the coming days where you can mine coins and use them when the mainnet comes on.

---

Have you had a look at our whitepaper? We have all the requirements listed in there. To host a primary server you must have 5000 coins in collateral, which can be purchased or mined. You then use those coins, lock them in a transaction for a ZentoshiNode for cold storage and host a small VPS server to run a hot-wallet to perform the primary server functions.

I'm kinda interested in running a node. What are the minimal system requirements to run a primary one? Is there an estimate?

You are quite right, however we encourage our ZentoshiNode Secondary operators to use server-grade hardware to maximize performance. We will have guidelines on our minimum specifications as we get closer to launching our Secondary Nodes!

When can you start mining this and what do I need? Will it be Nov 7th or is there a different date?

Choosing partners is not an easy task, it is important not to lose your reputation.

Is Zentoshi interested in mutually beneficial relationships/Open to partnership with other coins and projects? Does the platform already have any partners?

Not bad come up, many users love all the different bonuses.

benefits, discounts and so on. I think that discounts will be provided already in the process when the platform will be fully operational.

 What are the benefits to using Zentoshi Coin?

can I earn extra money using your Zentoshi blockchain? What are the ways?

In basic terms how will the POS and POW dual stack function? Second, how do you hope to keep the POW fair for everyone and avoid the ASIC takeover? Lastly, what algorithm are you using for mining?