Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 226. (Read 2510356 times)

Bits (formerly Project BlackNode) is a custom wallet built on top of the existing Blackcoin protocol. Bits will focus on making Blackcoin simple enough for the technology-impaired to use cryptocurrency. You will be able to safely give cryptocurrency to your grandparents to buy goods in the real world without worrying about it being lost and unrecoverable.

Bits is the project that led to Blackwave Labs, not the other way around. Excoin and and Onyx serve two primary purposes: First, to bring stable, secure, and high quality services to Blackcoin, allowing it to flourish as a currency. Second, to fund the decentralized, open source wallet software that we have been developing.

To lead by example, and to prove the points we made above about wallet software, Bits will be an abstraction layer that sits on top of Blackcoin, or effectively any other cryptocurrency designed from the Bitcoin spec code. Bits will be compatible with the Satoshi wallet or other wallet software—users will be able to send and receive Blackcoins to and from any Blackcoin address.

Bits does not require a fork, it will not require its own blockchain. It will utilize the positive features of the proof-of-stake protocol and reap the very important benefits of receiving security improvements, checkpointing updates, and advances to proof-of-stake from Blackcoin developers while Blackwave Labs expands the features of the wallet.

 
Decentralized Address Resolution
Bits provides a way to associate a cryptocurrency address to an email address or other identifier stored in a secure decentralized database. Transferring money through Bits will only require you to know the recipient's identifier without needing to have previously contacted them.

Address resolution will work similar to domain names. A user will be able to register an identifier to a public address for a set time period, with the option to revoke the association upon request.

Multi-signature Storage
Bits is built around the concept of multi-signature wallets, which enables users to safely store and recover coins. The wallets are encrypted and backed up across trusted peers, or optionally in decentralized storage. In the event your device is lost or destroyed, select trusted personal contacts will be able to recover the encrypted wallet, and if your password is forgotten, your chosen family members or friends will together be able to decrypt the wallet.

Smart Contracts
Create secure contracts locally or with users around the world. Using Bits users can establish algorithmically self-enforceable contracts between two or more people to safely trade goods or services without the need for centralized services.

Geolocal Storefronts
Bits will make Blackcoin into the world's first decentralized geolocal cryptocurrency. Users are empowered to easily buy and sell goods in their local community using Blackcoin.

Using Bits, merchants will be able to create pop-up storefronts visible to users in their area. Customers can choose to search inventories of stores in their area and pay for goods or services with Blackcoin ahead of time, with or without a smart contract, or walk into a store to browse and shop in person like they could with cash. Blackcoin features 10 second transaction intervals and as it reaches greater distribution secure confirmation can happen as quickly or quicker than a credit card.

Decentralized encrypted geolocal chat will allow customers and merchants to communicate throughout the entire process.

Geolocal Exchange
Bits facilitates the negotiations and is capable of matching trades between cryptocurrency and national currencies. Users can search locally or world wide for trades that can be completed in person or through smart contracts.

In person exchange will allow quick payments facilliated by the incredible transaction speeds offered by Blackcoin. Tips, donation, and purchases will be easy and securely made to anyone in the geolocal area or worldwide.

Quorum Sensing
Bits is capable of detecting other Bits users in a geolocal area based on pre-existing trust relationships and user privacy settings. Upon reaching specific population density thresholds new features are enabled.


When two or more users are within range:
Private encrypted communication will be available.
Form joint accounts with with one or more users.

When three or more users are within range:
Private encrypted group chat will be available.
Users can start a key signing party to create a circle of trust or expand existing webs of trust.
Users can opt to send or receive encrypted one-to-many broadcasts if they are within a circle of trust.

When ten or more users are within range:
Users will have many tools available to facilitate organization of large groups of people:
Tools for protestors or other large groups of people to safely and securely organize.
Tools to raise funds and manage them transparently.
Tools to issue digital tickets confirmable through NFC enabled devices or QR code.
Tools to break up a Blackcoin and automatically send it to all participating users within a defined range or circle of trust to be used as ballots in a secure vote.
 Mesh Networking
Bits is built on top of mesh networking tools that allow users to participate in trades, discussions, and voting—even in the absence of internet access—given enough users are within range.

Full Featured API
The Bits API will allow users to build plugins that leverage the Bits framework and quorum sensing tools for modular, expanded functionality.

 
While other cryptocurrency wallets have been following recent trends primarily focused around the idea of creating anonymous decentralized internet markets, Bits will instead empower Blackcoin to be seamlessly and safely usable in everyday life.

We want to work towards a future where the powerful effects of decentralized economics are felt on the street, at your local farmers market or coffee shop, and cryptocurrency can easily and safely be accepted by local businesses without reliance on a centralized service. Together as a community we can decide to value improvements to the underlying protocols that power our cryptocurrency, and stop supporting wallets built around unnecessary forks and redundant blockchains. Together we can support real advancements, open source wallets, and projects that benefit cryptocurrency as a whole.

We are taking it down for now, we recommend using HolyTransaction or Shapeshift.io in the meantime. We are building a new version and will release it soon using the wallet library we built but we have much more ambitious projects currently.

Exco.in beta has officially ended. Please read our announcements regarding how we will choose new coins and our future projects. We have more details now on our Blackcoin wallet.

https://blackwavelabs.com/

Yea, the site now displays  - Server Maintenance - Sorry for the inconvenience..we'll be back shortly

Tried visiting the Blackcoin.co website today and it won't load. I got an error: "There doesn't seem to be a wp-config.php file." Got the same error in both Chrome and Firefox. Anybody else having the same issue?

A few people asked me about Tendermint (http://tendermint.com/docs/tendermint.pdf)
The paper describes a proof-of-stake system. Details are different from existing implementations, but underlying principle and its problems are the same.

No, theres nothing bad going on. Price is manipulated.

Wow who wrecked the price haha? Hope nothing bad is going on.

I agree but you only get one vote per person, so maby everyone who did not vote could vote for David Zimbeck!
we can get him 15 votes as well!

I also think that David Zimbeck should be nominated to the POH awards.

now we have to vote for him to win it!!!
GO RAT4!!

Congratulations rat4, you have made it to the voting round. I am sure everyone is amazed by the work you have done for BlackCoin and its supporters. Your idea for a multipool and quick PoW timeframe started a chain effect.

Cheers!

Twitter
https://twitter.com/ev0k3d/status/535500140585680896

Nomination Thread
https://bitcointalksearch.org/topic/m.9604806

Though if you need a service like this you can also use:

https://shapeshift.io/

Just noticed that there is a 301-permanent redirect to https://blackwavelabs.com/

You could just contact them and ask if that is intentional: [email protected]

they are still active, joined forces with the new exco.in exchange and are working on all sorts of projects AFAIK

edit: mailed them too :-)

answer from reddit from developer.


"Good question. I'm going to explain exactly what the differences and similarities are.
BlackHalo will be the first coin to have markets but they may only have a few days lead. You guys will want to prepare some articles when this happens.
BlackHalo will be the only multicoin client at first. However Bay will probably get a Halo if they "earn" it.
BlackHalo will be getting NightTrader multisignature exchange. Bay will not be getting pairs on release however will probably get a spot on the exchange.
BlackHalo gets the Microtrading engine first making it the first decentralized exchange. Since I do not see it as a rush to put this in Bay, They will eventually get it.
BlackHalo gets a feature that Bay won't. "Backing" by using locked funds. And, I'm thinking of ways to give BlackHalo a special multipool.
Baycoin gets pegged to the dollar or RMB. They will be a test market for a fork to a NuBits style economy. It will reflect a governance system.
Baycoin gets to be the first coin to support or fund a mesh network. I'm going to decide how to push this incentive.
This one is very important. Baycoin will probably be the first of the two to use locktimeverify. unless rat4 wants to fork before that. I have talked to him. He will add it but I have more control over BitBay than BC. This matters because I can do my double escrows in exactly one transaction with this feaure. (Instead of 2) AND I can eliminate the instant refund from the client since malleability won't be an issue. Also, I can do many more types of contracts. Like I can do dead mans switch, futures without microtade and atomic trading. So I really hope he adds it so I can put all those contracts in Halo.
Blackcoin gets a multisignature staking system and someone will probably create a staking device. Baycoin will have to eventually get this though for security purposes.
Blackcoin will get pegged to something (maybe even Baycoin) if the peg to the dollar works out.
However, if the peg works out i was thinking of making BC a multipool moving peg. But this only works if rat4 lets me do it since he would have the final say here.
Also, dont think of them as competition. it was a funding issue and it was also that I was in major debt and was under a lot of stress and it was interfering with my work.
One last thing. I can assure you that the million dollar crowdsale that Bay secured would have been impossible without the team that hired me. I highly doubt had I started my own coin i would have been able to raise it myself. So they deserve it. I'm not going to go further into detail on that but its a very exciting addition to the game. We should watch that project cautiously but with interest."

http://www.reddit.com/r/blackcoin/comments/2mgrgy/can_someone_please_update_me_on_the_bitbay/

So which one is better, Bitbay or BlackHalo ?

this difficulty is crazy

lets VOTE for rat4!!!

https://bitcointalk.org/index.php?topic=855130.440

I must admit, this is one lovely shakedown in progress

7 btc to 6000, 1 btc to 7500.

Ride safely folks.

6300 sat