[ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 80.

CaptDero

member

Activity: 308

Merit: 33

Quote from: tradingdisaster on May 01, 2018, 05:41:49 PM

I didn't see any mention of PoS or master nodes or escrow nodes. How are they going to do smart contracts and escrow without a robust network of dedicated nodes? Miners will run away once another coin offers better ROI - and for a chain that offers actual and sustained utility and services tacked on, a sudden drop in mining power could be a disaster.

Or am I wrong?

You have raised very valid and critical point. Critical services can't wait if hash power drops or so, We are already in discussion and have plans for this situation.
You are more than welcome to join forum https://forum.dero.io/ for more discussion.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: tradingdisaster on May 01, 2018, 05:41:49 PM

I didn't see any mention of PoS or master nodes or escrow nodes. How are they going to do smart contracts and escrow without a robust network of dedicated nodes? Miners will run away once another coin offers better ROI - and for a chain that offers actual and sustained utility and services tacked on, a sudden drop in mining power could be a disaster.

Or am I wrong?

While you make an interesting point - many miners will stop mining if a more profitable coin comes along - it kind of fails the reality check as of now. Ethereum & Monero don't have PoS or masternodes and yet the hashrate on their networks is very robust (even after XMR hard forked to block ASICs).

Granted, ETH is still threatening to transition to PoS, and maybe allotting some of the block reward to stakers will eventually prove to be necessary, but as of now it doesn't seem to be the case.

tradingdisaster

full member

Activity: 307

Merit: 100

0xb58D6E68944e195420843fA98c4A3481a5914282

I didn't see any mention of PoS or master nodes or escrow nodes. How are they going to do smart contracts and escrow without a robust network of dedicated nodes? Miners will run away once another coin offers better ROI - and for a chain that offers actual and sustained utility and services tacked on, a sudden drop in mining power could be a disaster.

Or am I wrong?

denis1995

full member

Activity: 256

Merit: 100

Hardfork whats going to be the new algo?

cptnsteve

newbie

Activity: 13

Merit: 0

This looks like an interesting coin with some potential so I've setup a mining pool for it to help secure the block chain by creating a node. Hopefully some of you will join me mining this one on our pool so that we can get some of the hash power spread around.

The pool is compatible with nice hash for now in case you want to rent some hashing power. We found a block yesterday before the fork and have updated the pool binaries with the latest release.

The front end is just the basic front end for now but we will start to build on it.

If you have any questions feel free to send them to me at [email protected].

Thanks!

pool address:
http://dero.cc-mine.com

--Serena--

member

Activity: 224

Merit: 11

How to start using Dero Downloads Whitepaper Support

About DERO

The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol. Dero's goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.

The Dero development team has implemented complete SSL across the Dero network which is a first on any blockchain. This encrypts the entirety of our network traffic, which greatly reduces our attack surface, while simultaneously preventing ISPs or other users from analyzing Dero’s network traffic.

Dero's Key Features

DERO is a completely new and unique CryptoNote blockchain written in Golang
DERO is the first blockchain to have complete SSL in the P2P layer
DERO will be the first CryptoNote blockchain to have 500 transactions per second on its native blockchain without any lightning networks, validators or off-blockchain solutions
DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains
CryptoNote privacy
Smart contracts
Atomic swaps
Mobile and offline wallets
Lightweight wallets
Subaddresses
Escrow services on the blockchain
Address signing and certifying
Voting on a private blockchain

About The Developers

There are three developers working on the Dero Project who have been working in the field of cryptography and blockchain development as a team for more than a decade. Dero's research and development team are devoted full time to the project, and can often be found in our Slack channel. For now, the development team are choosing to retain their privacy until the Dero Project incorporates.

Coin Specifications

Proof-of-work (PoW) algorithm: CryptoNight
Max supply: 18.4 million for the first 8 years followed by an infinite emission rate after year 8 of ~157,000 DERO/year
Block reward: Smoothly varying
Block time: 120 seconds
Difficulty: Retargets at every block
Ticker: DERO

Dero's Roadmap

Q1/2018 - Dero's new unique blockchain written and full Activation. - Completed ahead of schedule with the extra addition of complete SSL across Dero's network
Q2/2018 - Record CryptoNote TX/sec, GUI wallets, sub addresses, atomic swaps, and smart contract testing.
Q3/2018 - Smart contract support on chain. Q3 2018.
Q4/2018 - Strategic market expansion, team growth, and more (coming soon).

Dero Related Links

Resource Links

WEBSITE: https://dero.io/
FORUM: https://forum.dero.io/
EXPLORER: https://explorer.dero.io
OFFICIAL POOL: http://pool.dero.live/
BINARIES: http://seeds.dero.io/alpha/

Exchanges & Stats:

EXCHANGE: https://stocks.exchange/trade/DERO/BTC
EXCHANGE: https://tradeogre.com/exchange/BTC-DERO
EXCHANGE: https://www.southxchange.com/Balance/Index/DERO
Stats: https://coincodex.com/crypto/dero/
Stats: https://www.difficultychart.com/dero
Stats: https://www.cryptunit.com/coin/DERO

Articles and Media Content

Dero: A new blockchain technology that brings CryptoNote privacy together with smart contracts.

Shifting from alpha to beta: CryptoNote with smart contracts

Support

tataran1919

newbie

Activity: 68

Merit: 0

Asic miners do not sell coins cheaply.
Surprisingly.
Official pool miners seemed to sell coins very cheaply.
I think it's still very cheap.

valgandar

newbie

Activity: 104

Merit: 0

Quote from: AnonJunkie on April 30, 2018, 12:15:14 PM

they should really reconsider waiting a month to HF for anti asic... again Im shocked ! I thought the POW change would happen with this update.

Many (including me) tried to tell them. Didn't worked.

mroctopus

newbie

Activity: 174

Merit: 0

Quote from: korm on April 30, 2018, 07:37:32 AM

it is ASIC friendly Cheesy

Thank to ASIC pumpers, old miners enjoy the recent crazy price.
Not sure devs will change the POW or not. I think if no one pumps the DERO anymore, they will do the hardfork.

krypt0id

jr. member

Activity: 148

Merit: 2

Quote from: AnonJunkie on April 30, 2018, 12:15:14 PM

they should really reconsider waiting a month to HF for anti asic... again Im shocked ! I thought the POW change would happen with this update.

There's a lot more happening than just a PoW change.

AnonJunkie

newbie

Activity: 249

Merit: 0

they should really reconsider waiting a month to HF for anti asic... again Im shocked ! I thought the POW change would happen with this update.

korm

member

Activity: 280

Merit: 10

Quote from: AnonJunkie on April 30, 2018, 11:03:35 AM

Quote from: korm on April 30, 2018, 07:37:32 AM

it is ASIC friendly Cheesy

I'm really shocked they didn't go anti asic the network is getting abused they will amass and large number of coins and dump.. waiting 1 month to HF seem like a bad move..

I think it will be like with graft. Just a time lag about a month. Those powers that were there now are here ... I'll be back in a month. After update.

AnonJunkie

newbie

Activity: 249

Merit: 0

Quote from: korm on April 30, 2018, 07:37:32 AM

it is ASIC friendly Cheesy

I'm really shocked they didn't go anti asic the network is getting abused they will amass and large number of coins and dump.. waiting 1 month to HF seem like a bad move..

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: CaptDero on April 30, 2018, 10:30:20 AM

Your version shows 1.0.4-alpha.12+30042018 . Latest is 1.0.4-alpha.14+30042018 , Difference of two updates.

That partially explains things. What isn't explained is how I would know this given that I just downloaded the new wallet package from your link about 1.5 hours ago?

EDIT - Clearly I should have read what you typed more carefully, but I think it was eminently reasonable to assume that I had the current wallet package when I had downloaded it *after* the hard fork had already happened. You have a habit of being overly terse, CaptDero, and sometimes using a few more words preemptively can spare a lot of wasted words/time later on. Like merely saying something along the lines of, "there have been 2 more updates since the hard fork was announced," would have prompted me to d/l the wallet package again, rather than assume I had the current version (which also led me to think you were being extremely obtuse when you kept asking what for all the world looked like Really Stupid Questions).

CaptDero

member

Activity: 308

Merit: 33

Quote from: MagicSmoker on April 30, 2018, 10:13:37 AM

Quote from: CaptDero on April 30, 2018, 10:01:31 AM

Quote from: MagicSmoker on April 30, 2018, 09:53:46 AM

Yeah, I did that, which is why I quoted your previous post.

EDIT - I just closed and reopened the daemon to confirm this behavior persists and that I am running the correct version; yes to both.

Can you confirm the Latest Version 1.0.4-alpha.14+30042018
Use version command.

I literally just did that in anticipation of your request hence the edit to my previous post. But just to forestall any further argument I did it yet again using the version command in the daemon and it says 1.0.4-alpha.12+30042018.

I hate to be overly redundant here, but it seems necessary to point out for the 3rd time that I followed your directions precisely and the daemon is stuck, anyway. Oh, and yes, I am running it as an administrator. One other datum that may or may not be relevant: I did not delete the existing blockchain files, but you didn't say we needed to.

Your version shows 1.0.4-alpha.12+30042018 . Latest is 1.0.4-alpha.14+30042018 , Difference of two updates.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: CaptDero on April 30, 2018, 10:01:31 AM

Quote from: MagicSmoker on April 30, 2018, 09:53:46 AM

Yeah, I did that, which is why I quoted your previous post.

EDIT - I just closed and reopened the daemon to confirm this behavior persists and that I am running the correct version; yes to both.

Can you confirm the Latest Version 1.0.4-alpha.14+30042018
Use version command.

I literally just did that in anticipation of your request hence the edit to my previous post. But just to forestall any further argument I did it yet again using the version command in the daemon and it says 1.0.4-alpha.12+30042018.

I hate to be overly redundant here, but it seems necessary to point out for the 3rd time that I followed your directions precisely and the daemon is stuck, anyway. Oh, and yes, I am running it as an administrator. One other datum that may or may not be relevant: I did not delete the existing blockchain files, but you didn't say we needed to.

CaptDero

member

Activity: 308

Merit: 33

Quote from: MagicSmoker on April 30, 2018, 09:53:46 AM

Quote from: CaptDero on April 30, 2018, 09:49:32 AM

Quote from: MagicSmoker on April 30, 2018, 09:07:23 AM

Quote from: CaptDero on April 30, 2018, 06:44:55 AM

Everyone Pls update to latest DERO daemon:
Download from http://seeds.dero.io/alpha/
Version v1.0.4-alpha.12+30042018
HardFork block Height 68600 (~2 hrs from now)

Pool operators must sync time also from ntp:
apt install ntpdate
ntpdate -s us.pool.ntp.org

It increases NW security.

Is the daemon supposed to stall at 68600 while the network block height is at 68637 and climbing?

Can you confirm the Latest Version 1.0.4-alpha.14+30042018

Pls update http://seeds.dero.io/alpha/ Latest Version 1.0.4-alpha.14+30042018

Yeah, I did that, which is why I quoted your previous post.

EDIT - I just closed and reopened the daemon to confirm this behavior persists and that I am running the correct version; yes to both.

Can you confirm the Latest Version 1.0.4-alpha.14+30042018
Use version command.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: CaptDero on April 30, 2018, 09:49:32 AM

Quote from: MagicSmoker on April 30, 2018, 09:07:23 AM

Quote from: CaptDero on April 30, 2018, 06:44:55 AM

Everyone Pls update to latest DERO daemon:
Download from http://seeds.dero.io/alpha/
Version v1.0.4-alpha.12+30042018
HardFork block Height 68600 (~2 hrs from now)

Pool operators must sync time also from ntp:
apt install ntpdate
ntpdate -s us.pool.ntp.org

It increases NW security.

Is the daemon supposed to stall at 68600 while the network block height is at 68637 and climbing?

Pls update http://seeds.dero.io/alpha/ Latest Version 1.0.4-alpha.14+30042018

Yeah, I did that, which is why I quoted your previous post.

EDIT - I just closed and reopened the daemon to confirm this behavior persists and that I am running the correct version; yes to both.

CaptDero

member

Activity: 308

Merit: 33

Quote from: MagicSmoker on April 30, 2018, 09:07:23 AM

Quote from: CaptDero on April 30, 2018, 06:44:55 AM

Everyone Pls update to latest DERO daemon:
Download from http://seeds.dero.io/alpha/
Version v1.0.4-alpha.12+30042018
HardFork block Height 68600 (~2 hrs from now)

Pool operators must sync time also from ntp:
apt install ntpdate
ntpdate -s us.pool.ntp.org

It increases NW security.

Is the daemon supposed to stall at 68600 while the network block height is at 68637 and climbing?

Pls update http://seeds.dero.io/alpha/ Latest Version 1.0.4-alpha.14+30042018

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: CaptDero on April 30, 2018, 06:44:55 AM

Everyone Pls update to latest DERO daemon:
Download from http://seeds.dero.io/alpha/
Version v1.0.4-alpha.12+30042018
HardFork block Height 68600 (~2 hrs from now)

Pool operators must sync time also from ntp:
apt install ntpdate
ntpdate -s us.pool.ntp.org

It increases NW security.

Is the daemon supposed to stall at 68600 while the network block height is at 68637 and climbing?

EDIT - looks like the network block height is stalled at 68637

EDIT 2 - nope, network block height just incremented to 68638.

Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 80. (Read 123210 times)