[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 82.

kraterion

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: magisterr on November 13, 2018, 10:32:00 AM

If i understand correctly you will be working as PoS. You will have masternodes or supernodes? And how many coins needed for run masternode?

It's more like DPoS meet Maternodes as far as I understood, you can find s brief description of the two types of Dusk's nodes a couple posts above your

king_of_alts

member

Activity: 476

Merit: 10

Quote from: ubercool on November 13, 2018, 12:16:10 PM

Quote from: matjas on November 13, 2018, 11:51:07 AM

Looks like Dusk is getting more excepted since they announced some of their private investors. Great too see people believe in privacy and security on the internet in this age where everyone is vulnerable.

Crypto's main advantage is Privacy but these days because of the regulations and government bans, projects have started asking KYC etc. Its always good to have private investors as they can be trustable and we can openly keep an eye on funds.

big investors can really carry a project but there should be a balance so that they don't control it.

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: matjas on November 13, 2018, 11:51:07 AM

Looks like Dusk is getting more excepted since they announced some of their private investors. Great too see people believe in privacy and security on the internet in this age where everyone is vulnerable.

Crypto's main advantage is Privacy but these days because of the regulations and government bans, projects have started asking KYC etc. Its always good to have private investors as they can be trustable and we can openly keep an eye on funds.

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: matjas on November 13, 2018, 11:51:07 AM

Looks like Dusk is getting more excepted since they announced some of their private investors. Great too see people believe in privacy and security on the internet in this age where everyone is vulnerable.

I only saw the announcement about Maven 11. Did they in the meantime reveal other private investors?

matjas

full member

Activity: 798

Merit: 115

Looks like Dusk is getting more excepted since they announced some of their private investors. Great too see people believe in privacy and security on the internet in this age where everyone is vulnerable.

magisterr

sr. member

Activity: 1372

Merit: 259

If i understand correctly you will be working as PoS. You will have masternodes or supernodes? And how many coins needed for run masternode?

belechau

full member

Activity: 686

Merit: 100

Is there a Dusk-related security partnership, or is it something own to implement? How would Dusk be prepared in any attempts to attack your network?

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: sockpuppet1911 on November 13, 2018, 06:19:45 AM

Quote from: DuskNetwork on November 13, 2018, 03:15:17 AM

SBA⋆ foresees a few different types of actors in the network to reach consensus:

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

Can anyone be a provisioner if you have committed to hodl the minimum stake, or do you have to be voted to be one like in dpos?

Yes anyone can, unlike DPOS.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: DuskNetwork on November 13, 2018, 03:15:17 AM

SBA⋆ foresees a few different types of actors in the network to reach consensus:

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

Can anyone be a provisioner if you have committed to hodl the minimum stake, or do you have to be voted to be one like in dpos?

bitcoin-shark

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Activity: 2968

Merit: 605

Quote from: jonnytracker on November 13, 2018, 12:46:37 AM

Quote from: PS92 on November 12, 2018, 07:20:52 PM

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then why not split your stake in several pools to earn more rewards as a whale?

Dusk will be a staking coin with its own Blockchain ?

i really think so, dusk will create its own blockchain with its own token/coin and i think therefore it will be immune from any attempt of external attacks...

the_donald

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Activity: 588

Merit: 100

Quote from: pynetx on November 13, 2018, 04:15:08 AM

Quote from: bitcoin-shark on November 12, 2018, 04:08:34 PM

so if i understand correctly there will be 2 different, consecutive tokens, a temporary erc20 token distributed to the exchanges in December and then a swap to the final token, if you work with companies/exchanges that register their users in my opinion anonymity it fails...

As far as I know, ERC20 token was for Ethfinex only. Is there any announcement about distributing it to other exchanges also?

since it's a standard ERC20 token, you can bet it will be listed on forkdelta and all decentralized exchanges.

levyashin

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Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: pynetx on November 13, 2018, 04:15:08 AM

Quote from: bitcoin-shark on November 12, 2018, 04:08:34 PM

so if i understand correctly there will be 2 different, consecutive tokens, a temporary erc20 token distributed to the exchanges in December and then a swap to the final token, if you work with companies/exchanges that register their users in my opinion anonymity it fails...

As far as I know, ERC20 token was for Ethfinex only. Is there any announcement about distributing it to other exchanges also?

I am not sure about how Dusk Network will do it but most projects have their blockchain, first distribute erc20 tokens and then swap them.

Easier solution for both party.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: bitcoin-shark on November 12, 2018, 04:08:34 PM

so if i understand correctly there will be 2 different, consecutive tokens, a temporary erc20 token distributed to the exchanges in December and then a swap to the final token, if you work with companies/exchanges that register their users in my opinion anonymity it fails...

As far as I know, ERC20 token was for Ethfinex only. Is there any announcement about distributing it to other exchanges also?

lobat999

sr. member

Activity: 1078

Merit: 310

Quote from: DuskNetwork on November 13, 2018, 03:15:17 AM

Quote from: viljy on November 12, 2018, 01:16:45 PM

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then it makes sense for a large wallet to split a large amount into many small wallets? Or is the number of Provisioners limited? Although about this I no information not saw.

SBA⋆ foresees a few different types of actors in the network to reach consensus:

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

Thank you for that clarification. I guess DUSK stakeholders will have peace of mind knowing that the network is not vulnerable to that kind scheme.

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: viljy on November 12, 2018, 01:16:45 PM

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then it makes sense for a large wallet to split a large amount into many small wallets? Or is the number of Provisioners limited? Although about this I no information not saw.

SBA⋆ foresees a few different types of actors in the network to reach consensus:

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional

The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

Makkara

full member

Activity: 1064

Merit: 166

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Compared to other concept of PoS is fair, but isn't the idea behind PoS to give a reward to who has more interest in everything working smoothly, so the one with a bigger stake? In this case if the reward is not adequate it can dissuade from staking.

jonnytracker

sr. member

Activity: 672

Merit: 261

Quote from: PS92 on November 12, 2018, 07:20:52 PM

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then why not split your stake in several pools to earn more rewards as a whale?

Dusk will be a staking coin with its own Blockchain ?

PS92

full member

Activity: 644

Merit: 101

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

Quote from: lobat999 on November 11, 2018, 05:49:55 PM

Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?

SharkPool will not have any effect on Dusk Network for a following reasons;

-Dusk Network does not utilize PoW

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then why not split your stake in several pools to earn more rewards as a whale?

Token Williams

newbie

Activity: 310

Merit: 0

Quote from: Felipeo on November 12, 2018, 12:28:20 PM

Quote from: Token Williams on November 12, 2018, 11:56:38 AM

Quote from: just_strange32 on November 11, 2018, 02:05:59 AM

DUSK networks are noted for their fast, anonymous, and secure data transfer. But I want to find out how you can be widely accepted around the world when the project focuses on privacy?

Would like to ad a question to ad: how you can be widely accepted around the world when the project focuses on legal STO's?

Why not..? Do you think this is the first team that is doing this.?

Privacy should have been the key element in crypto projects but these days because of the regulations its getting worse.

Since it's all so nascent, there are no projects that have a stamp of legal approval from their respective country, let alone several countries

viljy

hero member

Activity: 1736

Merit: 857

Quote from: Rigorous on November 12, 2018, 02:10:35 PM

Quote from: viljy on November 12, 2018, 01:16:45 PM

Quote from: DuskNetwork on November 12, 2018, 06:47:30 AM

-The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees.

Then it makes sense for a large wallet to split a large amount into many small wallets? Or is the number of Provisioners limited? Although about this I no information not saw.

That is a Sybil attack and Sybil resistance is in fact covered in the whitepaper.

Splitting your wallet into many small wallets decreases your chance of winning a ballot. A big wallet has a higher chance of winning a ballot, but at the same time the reward decreases proportionally to the size of your stake.

Aren't the Provisioners randomly selected in each round? If the chance increases depending on the number of coins in the wallet, it is not a random choice. Isn't it?

Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 82. (Read 145674 times)