Topic: [ANN]❁ KORE Tor Masternodes, Browser, VoIP, Aether OS, KOREPhone, KOREbay Funded - page 142. (Read 152390 times)

Yes it is lol. This coin isnt a few days old. this is the new ownership thread, there is an older thread for kore that you can look for.

KORE is the first coin to fully integrate Tor about 3 years ago.
Please do your Due Diligence.

Being first even is not what it is about.
It is bringing an entire suite of security and Privacy products to a reality.
Apps, a cross platform Operating System a Smartphone and more.

MikeMike

It´s not the first coin with TOR integration, but it´s a nice feature.

Yes, it is that simple, been tested and works.
I'm running Mint and the commands work on both Mint and Ubuntu.
Glad you are liking the KORE Projects!
 

MikeMike

Looks like a lot of excitement for the update

This is really great news! So am I understanding this correctly that the swap will simply require us to download a new wallet and simply copy over our existing wallet.dat file? That would be REALLY simple.

I'm running a Linux Mint system, will we have access to source so we can compile our wallets for our machines?

Thanks again Mike for all the awesome work!

Yes, great work all

Thanks for the kind words. I'm looking forward to the new KORE wallet to be out myself!
We only suggest you do not transfer coins to any address the day of the swap if
you want to be extra careful and are not monitoring the transition time.
It is as easy as updating their wallet and yours. The transition will be smooth and painless.
You keep your main files and all your balances will be in the new wallet in the exact same addresses.
The same goes for Bittrex.
A guide with instructions will be posted but for the most part it will be what I just mentioned.


MikeMike

Awesome News KORE Team!! Super job guys, wallet looks great, update is brilliant! The features you guys are planning is a breath of fresh crypto air  ..really awesome.

Regarding the swap, I'm sure full details will be released to ensure the safety of everyone's coins.

I/WE can't tell you what to do regarding your coins on Bittrex.
The Swap was made to be painless and simple for them and the Community.
We must always be aware that unless anyone's coins of any Crypto Currency
are in out own possession there is not 100% ownership.


MikeMike

The Bittrex ticket has been submitted with 14 days notice and only requires them to load the new wallet.
We expect it to be the or one of the easiest swap updates they had ever managed.
There will be updates posted here and in the social media platforms.

Cheers!
 

MikeMike

Awesome update! Any word from bittrex if they will be ready to swap kore? It would be nice to get them on board and ready before it happens.

Thanks MikeMike!

I am stoked for the new wallet release. Everyone on the Kore Projects team has worked tirelessly to make this come together. Soon the world will see the power of Kore.

Thanks to our amazing community for the support! Cheers!

Sentacks is a pro!
Very impressed and grateful for the pain staking work of the Wallet Dev.
We will have a few short videos on a more in depth look in the future.

MikeMike

On the 14th of October 2017 we will be perform a blockchain transfer from the old Korecoin blockchain and start a new one,
along with a rebranding and a new development team leading us in a new and exciting direction.
Your existing Kore coins will be mapped 1:1 on the new chain and the transition will be smooth and painless.
Note: Bittrex will be closing our KORE wallet and stop trading the token to take accurate snapshots of balances.
If any KORE deposits you had sent to Bittrex are not settled (e.g. marked as pending)
by 6:00 PM PT, on 10/13/2017 (1:00 AM on 10/14/2017 UTC), you may not be credited with KORE.
https://support.bittrex.com/hc/en-us/articles/115001898671-Support-for-the-KoreCoin-KORE-blockchain-upgrade

KoreCoin Was initially introduced in June 2014 , with the following specifications :-

* Algorithm: X13
* PoW Coins: 1.2 Million
* PoW Block Reward: 450 KORE
* Block 3200 – 4000 = 1000 KORE
* PoW Timefram: 4000 Blocks
* Block Time: 60 Seconds
* PoS Minimum Age: 1 hours
* PoS Max age: 8 Hours
* PoS Interest: 10%
* Total Coins: 12 Million

KORECoin was a coin taken over, the Dev integrated Tor as well as SIP/PBX for in wallet VoIP calling to eventually include Video.
It is a coin central to privacy. The old Dev left the project. MikeMike took KORECoin over, built the KORE Team, renewed that Team,
integrated his ideas and main funder of the KORE Team Projects.

Current coin supply is roughly 2 M coins, these will be moved to the new chain and will be accessible to their owners
within the very first block, more on this below.

Reasoning for the Swap

1) The current code base it very old , so much so that attempting to update it would probably cause more problems than it fixes.
2) We wish to take advantage of new innovations introduced into the crypto space over the past 3 years
3) As we have a new dev team and the chain has had many developers, it is ideal to introduce a new chain providing a clean slate
for the development team to work with. The updated software and new chain would are key steps in the new direction Kore is taking.
4) Introduction of key features such as CLTV and CSV , as well as adequate scaling plans
5)  at the bottom of this page.


The New Kore Specifications :-

* Algorithm: sha256d Bitcoin Core v0.12.2.0-gec0afbd (64-bit)
* PoS Algorithm  PoSv3  *Modified for Security and Functionality, See “Understanding KORE PoS”
* PoW Coins: ~ 20 000
* PoW Block Reward: 5 KORE
* Block 4000-infinity = 0 KORE
* Block Time: 120 Seconds
* PoS Minimum Age: 8 hours
* PoS Interest: 15% - 30% *To be determined
* Total Coins: 12 Million


The first wallet release is going to introduce Masternodes to the Kore community.
The first release will also include the Bittrex trading window for KORE and eventually most all pairs, the Block Explorer,
KORE to USD conversion in send, Mining CPU Core selector slider, Opacity, BTC/USD and KORE/USD tickers.
The Tor Web Browser, SIP/PBX VoIP will be released in subsequent versions in fairly short order.
To entice developers, other skilled professionals and try to offset costs a maintenance fund has been created
that is allocated 10% *To be determined.
Here is a link to a video showing proof of development:
https://youtu.be/wpn_OAnzoBg

* Masternode Cost : 400-600 Kore *To be determined
* Masternode subsidy : 40% *To be determined

Pure Tor Masternodes/Servicenodes a World First:
Tor Masternodes are currently in testing and will provide services to users.
Tor was chosen to increase privacy of users as it obscures your IP enabling use of services without fear for privacy.

Obfuscating your coins from being tracked by a unique mixing feature by traditional Masternodes:
Masternodes use this function to automatically break up private transactions into indistinguishable  multiple identical transactions,
this adds complexity to the original transaction and obfuscates the proof of any particular amount and hides the IP
of those who mix the coins with you through their Masternodes.

Decentralized Governance by traditional Masternodes:
To guarantee the long term sustainability of the blockchain, the network keeps a portion of the block rewards, network subsidizes
approved proposals, the Masternode operators are tasked to act as stewards and invest in the maintenance and expansion of the network.
 This results in faster development and promotion, creating a cycle that benefits all involved.
Most importantly, this gives the blockchain itself a self-preservation mechanism that is beyond the control of any individual.

The system works as a decentralized voting mechanism, where budgets for specific projects are proposed, then the Masternodes
as a whole vote on them. Each project, if approved, is added to the total budget and paid directly from the blockchain to the person(s)
doing the work. With this, we can hire more core developers, marketers and other essential personnel
paying them directly after approval of the work in a decentralized fashion.


The KORE Roadmap:
Will be posted at the time of release of the new wallet on October 14th 2017.


Understanding KORE PoS:

Kore uses customized proof of stake. Using percentages rather than a static amount it ensures all users are treated fairly
for their contribution to the overall health of the network.

* X % stake per transaction  X*To be determined
* 100 blocks to confirm
* 8 hour maturity
* 50 Kore minimum stake

Minimum Stake amount Percentages are used as they better reflect and reward users accordingly, this prevents other users from gaming
and devaluing the currency by simply creating dozens of small transactions and creating hyper inflation. The 100 block wait time
ensures adequate confirms pass before coins are mature to ensure a higher degree of certainty. An additional 8 hour wait period is added
as a means of controlling stake rates and supply growth. A minimum stake amount is imposed as part of the measures to prevent micro-staking,
micro stakes quickly bloat blockchains eventually causing problems when chains have millions of blocks but are less than a GB in size.
X% of this is allocated to MN owners as a subsidy for their vital job of assisting in obscuring transactions and facilitating Instant transactions.
With time the role of Masternodes will expand as part of the development roadmap includes assigning them additional duties on the chain.


This post will be updated with any changes.
Thank you for your interest and patience during these exciting times.

MikeMike

best thing to do is set up a master node as soon as the new wallet is released...be sure to have up to 600 KORE for that...

***NEWSFLASH!***

KORE is now a certified Redditor!  

Please follow us over to Reddit, if you so choose.

...this is my best guess

https://bitcointalksearch.org/topic/m.22227515

the upside is ridiculous, IMO...

I just have to say that I'm impressed with the kore team and the community, I just missed out a few days and got a lot of updates, great work kore team.

Where can KorePhone be baught and to which countries do you ship? How do you realize the privacy through mobile providers? What will KorePhone cost? Am very interested to this phone.