✅ [ANN] Genesis $GENX | Payment Ecosystem | Equihash192.7| MNs | v3 Released! - page 7.

pinoycash

hero member

Activity: 1316

Merit: 514

Quote from: jimmybob_007 on March 17, 2019, 03:33:12 PM

New wallet is available on our website and github. These enable you to set up your masternode prior to activation on block 325k!

Enjoy!

Finally

GENx will moon soon, Being the first equihash coin with Masternode functionality.

Since its open source, Stay tune for Genx clone coins in the day's to come.

IParn

full member

Activity: 406

Merit: 101

Quote from: jimmybob_007 on March 17, 2019, 03:33:12 PM

New wallet is available on our website and github. These enable you to set up your masternode prior to activation on block 325k!

Enjoy!

Thank you very much. Now we will try to configure the nodes. It is good that the team is developing this project.

jimmybob_007

sr. member

Activity: 770

Merit: 250

Genesis Team™

New wallet is available on our website and github. These enable you to set up your masternode prior to activation on block 325k!

Enjoy!

jimmybob_007

sr. member

Activity: 770

Merit: 250

Genesis Team™

Quote from: dungp3132 on March 05, 2019, 07:40:49 AM

Release on main net of Genesis Network, really?
It means that the test phase on test net already finished with good results.
And, the team prepared almost enough to offcially activate masternodes on GENX network.

Quote from: jimmybob_007 on March 05, 2019, 07:01:09 AM

It's not long to go now until our masternode release.

Exactly. Test net only showed very minor issues that have all been fixed.

dungp3132

member

Activity: 274

Merit: 26

Release on main net of Genesis Network, really?
It means that the test phase on test net already finished with good results.
And, the team prepared almost enough to offcially activate masternodes on GENX network.

Quote from: jimmybob_007 on March 05, 2019, 07:01:09 AM

It's not long to go now until our masternode release.

jimmybob_007

sr. member

Activity: 770

Merit: 250

Genesis Team™

It's not long to go now until our masternode release.

Please make sure that you are aware of how to enable yours by practicing on our testnet and following our guides.

Any assistance, please contact us on our discord.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

Quote from: themonkii on March 01, 2019, 01:45:34 PM

Quote from: amrulshare on March 01, 2019, 05:42:25 AM

Quote from: SSowellSVT on February 28, 2019, 11:10:32 AM

Quote from: amrulshare on February 28, 2019, 10:51:59 AM

according to the genesis roadmap it will be a pos coin, I already have them and I have saved them for preparation. how long will it reach development, waiting ?

Please read above. There are some critical vulnerabilities in PoS coins.

We are going to be researching options to PoS in the future after masternode release and getting some other development out the way.

Proof of Stake and other options are considered a "consensus" model change. If you want more info on consensus, please Google. But tl;dr, it's the way in which a block is hashed and processed. we will not add anything to our coin that has known vulnerabilities along with extensive testing.

So, eventually there will be a proof-of-stake(ish) concensus change added, but not PoS v3 and not in the immediate future. If you're interested in passive income from Genesis, a masternode currently costs about $300.

models masternode doesnt economics to growing any digital asset, besides to setup masternode are troublesome and not everyone can contribute to it. I hope there will be another better development in the future

Masternodes will actually play a crucial role in our eco - we are not implementing them as a means to pump the coin, rather they have an actual usecase. We feel this is a significant step forward, and part of our predefined road map. We took our time, and our dev team have done an amazing job pulling this together.

I don't think about the pump and dump the coin mechanism, I just hope that $ GENX has a sustainable value, especially in technical terms which has its own characteristics rather than other digital assets.

themonkii

full member

Activity: 672

Merit: 124

Quote from: amrulshare on March 01, 2019, 05:42:25 AM

Quote from: SSowellSVT on February 28, 2019, 11:10:32 AM

Quote from: amrulshare on February 28, 2019, 10:51:59 AM

according to the genesis roadmap it will be a pos coin, I already have them and I have saved them for preparation. how long will it reach development, waiting ?

Please read above. There are some critical vulnerabilities in PoS coins.

We are going to be researching options to PoS in the future after masternode release and getting some other development out the way.

Proof of Stake and other options are considered a "consensus" model change. If you want more info on consensus, please Google. But tl;dr, it's the way in which a block is hashed and processed. we will not add anything to our coin that has known vulnerabilities along with extensive testing.

So, eventually there will be a proof-of-stake(ish) concensus change added, but not PoS v3 and not in the immediate future. If you're interested in passive income from Genesis, a masternode currently costs about $300.

models masternode doesnt economics to growing any digital asset, besides to setup masternode are troublesome and not everyone can contribute to it. I hope there will be another better development in the future

Masternodes will actually play a crucial role in our eco - we are not implementing them as a means to pump the coin, rather they have an actual usecase. We feel this is a significant step forward, and part of our predefined road map. We took our time, and our dev team have done an amazing job pulling this together.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

Quote from: SSowellSVT on February 28, 2019, 11:10:32 AM

Quote from: amrulshare on February 28, 2019, 10:51:59 AM

according to the genesis roadmap it will be a pos coin, I already have them and I have saved them for preparation. how long will it reach development, waiting ?

Please read above. There are some critical vulnerabilities in PoS coins.

We are going to be researching options to PoS in the future after masternode release and getting some other development out the way.

Proof of Stake and other options are considered a "consensus" model change. If you want more info on consensus, please Google. But tl;dr, it's the way in which a block is hashed and processed. we will not add anything to our coin that has known vulnerabilities along with extensive testing.

So, eventually there will be a proof-of-stake(ish) concensus change added, but not PoS v3 and not in the immediate future. If you're interested in passive income from Genesis, a masternode currently costs about $300.

models masternode doesnt economics to growing any digital asset, besides to setup masternode are troublesome and not everyone can contribute to it. I hope there will be another better development in the future

themonkii

full member

Activity: 672

Merit: 124

I just posted a new video guide for you all that explains how to setup a GENX Masternode on testnet with a VPS.

Hope it helps! https://youtu.be/CIDZFobAtrs

SSowellSVT

full member

Activity: 285

Merit: 101

https://genesisnetwork.io/

Quote from: amrulshare on February 28, 2019, 10:51:59 AM

according to the genesis roadmap it will be a pos coin, I already have them and I have saved them for preparation. how long will it reach development, waiting ?

Please read above. There are some critical vulnerabilities in PoS coins.

We are going to be researching options to PoS in the future after masternode release and getting some other development out the way.

Proof of Stake and other options are considered a "consensus" model change. If you want more info on consensus, please Google. But tl;dr, it's the way in which a block is hashed and processed. we will not add anything to our coin that has known vulnerabilities along with extensive testing.

So, eventually there will be a proof-of-stake(ish) concensus change added, but not PoS v3 and not in the immediate future. If you're interested in passive income from Genesis, a masternode currently costs about $300.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

according to the genesis roadmap it will be a pos coin, I already have them and I have saved them for preparation. how long will it reach development, waiting ?

jimmybob_007

sr. member

Activity: 770

Merit: 250

Genesis Team™

Quote from: ?? on ??

Quote from: yurimir on February 25, 2019, 07:18:39 PM

Project development continues: https://twitter.com/genx_network/status/1099864845996969984

The Genesisnetwork public Masternode testnet is now available!

How long will the testing phase of Genesis Network's masternode on test-net last?
If all results on testnet are good, when the masternode officially implemented on main-net in the best scenario?

Best is looking at a few weeks.

SSowellSVT

full member

Activity: 285

Merit: 101

https://genesisnetwork.io/

Quote from: yurimir on February 25, 2019, 07:18:39 PM

Project development continues: https://twitter.com/genx_network/status/1099864845996969984

The Genesisnetwork public Masternode testnet is now available!

Come help make $GENX that much better by participating

All info can be found here: https://wiki.genesisnetwork.io/index.php?title=Testnet:_Manual_Masternode_Setup_Guide

-snip-

Thanks for the feedback! We've recognized and fixed some things brought up in the testnet discord already. If you support this project and have some free computing space laying around, come join us!

yurimir

legendary

Activity: 1554

Merit: 1044

Project development continues: https://twitter.com/genx_network/status/1099864845996969984

The Genesisnetwork public Masternode testnet is now available!

Come help make $GENX that much better by participating

All info can be found here: https://wiki.genesisnetwork.io/index.php?title=Testnet:_Manual_Masternode_Setup_Guide

luckydoky

jr. member

Activity: 231

Merit: 1

The GENX faucet has now paid over 700.000 GENX to the community and over 100K in just the last 6 days !

That's almost a masternode worth of GENX just from the faucet !

Download the wallet and start claiming your free GENX now at https://faucet.genesisnetwork.io/

jimmybob_007

sr. member

Activity: 770

Merit: 250

Genesis Team™

Quote from: btcsmlcmnr on February 24, 2019, 04:10:09 AM

Delayed, for now, I got it.
Thank you for information on the future implementation of PoS on Genesis Network's network.

Quote from: jimmybob_007 on February 23, 2019, 11:15:02 AM

We have postponed PoS as v3 has critical vulnerabilities. We will implement at a later date once a solution has been developed or proposed.

What did you mean? Why I should be careful with v3 coins?

Quote

You should be careful with any v3 coins that you own.

They are vulnerable to fake stake attack (51% essentially).

Read more here: https://neironix.io/news/research_serious_vulnerabilities_revealed_in_cryptocurrencies_based_on_the_proof_of_stake_algorithm

If the network is compromised the price may drop considerably. Just be careful.

JoenNL

member

Activity: 571

Merit: 18

cool to see the community is still alive Cheesy

yurimir

legendary

Activity: 1554

Merit: 1044

Latest news from Genesis Team:

"The $GENX weekend has been very fruitful and testing of our masternode implementation is in full swing. We will begin public testnet soon. There are only a few addresses with enough coins for a masternode at the moment..."

https://twitter.com/Jimmy_GenX/status/1099585052202143744

https://twitter.com/genx_network/status/1099519941001334784

btcsmlcmnr

full member

Activity: 546

Merit: 159

Delayed, for now, I got it.
Thank you for information on the future implementation of PoS on Genesis Network's network.

Quote from: jimmybob_007 on February 23, 2019, 11:15:02 AM

We have postponed PoS as v3 has critical vulnerabilities. We will implement at a later date once a solution has been developed or proposed.

What did you mean? Why I should be careful with v3 coins?

Quote

You should be careful with any v3 coins that you own.

Topic: ✅ [ANN] Genesis $GENX | Payment Ecosystem | Equihash192.7| MNs | v3 Released! - page 7. (Read 98320 times)