Topic: [ANN] [POA] ENCRYPT NETWORK $XCX - Annoymous, Untraceable, Secure Cryptocurrency (Read 1119 times)

The XCX chain has been stalled for TWO DAYS now due to the devs having a poor understanding of what makes a blockchain project work.

It looked slightly promising at the beginning but the Encrypt network has not move a single block in 2 days.  That's what happens when you have no clue what you are doing.

There are no buy orders because TXBIT has a 1 SAT minimum.  In about 60 days I staked 6000 XCX into enough for a Masternode, then turned the Masternode rewards into more Masternodes.

From launch until today, that 6000 XCX block that I mined to start with was turned into close to 10 million XCX.

This is just way way way too easy to make.  No need to buy it when you can mine ONE block and 60 days later have 1500 times what you started with.

What a thin-skinned bunch of guys.

Got banned for legitimate criticism of a foundering project, buggy wallet, and blockchain that has to be treated with kid gloves or it falls into disrepair.

They just banned me from their Discord because I offered legitimate criticisms that, if they would just LISTEN, would have improved their chances of success.

The Discord sees MAYBE 2-3 posts every 24 hours and devs go missing for days while others have questions/concerns.

The list of issues with the project are too many to mention here, but the main concern is the fact that the chain can come to a HALT if certain conditions present themselves and with a 1 minute block time, there have been at least a half dozen times when the chain has frozen for at least 6 hours while someone has to get a staking wallet up and running to move it along.  It's a mess.

I'm done with it.  I probably have more coins than anyone other than the devs who premined a HUGE stack.   And, I got it all through staking and running masternodes.  So at least I spent no electricity to speak of.

https://twitter.com/EncryptNetwork/status/1298274825954136065

For me the coinmarketcap link works, but is tagged as (This project is featured as an 'Untracked Listing') maybe because txbit is not listed on CMC, I didn't cheched this, tbh.

We have just began trading on TXBIT and plan to add a DEX soon. We are on CMC please search and you will see as an untracked listing for now.

It says we couldn't find your page. Seems that it is not yet listed in CMC. Also, there's no buy order at txbit. Are you sure you want this coin to stay at that exchange? The truth is, this is my first time to hear that exchange. And since I saw that you have a comparative table among ZEC, XMR and yours, I don't think you even came close to their market price. It is good to see that you have several advantages over them, but how about the popularity of usage? And since you are not doing good at your first exchange, do you think your trading journey will change anytime soon?

Your i7 (8 cores) is desktop or laptop? I am asking because there is a big difference in performance between the 2, even if they are the same gen. their performance are not the same.

Really good features of the coin.
Good time to enter and start mining/staking. I see a very good potential here.
I have doubled my coins in few days from staking.

I am just getting into this coin. Been mining and staking for a few days. I am using an Intel i7 with 8 cores and only using 4 of them and have gotten 2 or 3 blocks. Staking is also bringing in some coin. They are only on one exchange right now but it is just getting started. I feel lucky to have gotten in this early. I think all coins will move to privacy eventually. Currency is only useful if it is fungible and only fungible if it has no history.

Yes DEX coming soon

Really great features of Encrypt!

Any plans for additonal exchanges?

Now live on CMC!

 https://coinmarketcap.com/currencies/encrypt/

Congrats! Great job guys!
Now all we need is some volume and for this we need more exposure in the space.

Trading now LIVE! on TxBIT.io

TRADE HERE: https://txbit.io/Trade/XCX/BTC

$BTC / $XCX pairings

MANDATORY WALLET UPDATE: Before block 30k  (minor bug fixes & security improvements)

Download update here: https://github.com/EncryptNetwork/EncryptNetwork/releases/tag/v1.3.1

Read my post just above yours.

The POA block that can be mined comes up every 60th block.  Calculating hash rate is not easy when a multi-algo or non-standard mining protocol is used.  The difficulty is almost certainly being overstated.

But... another question.  How are the devs cheating anyone if the DIFF WAS that high? 

CPU miners won't get a thing if they have that high difficulty already.
You will just be wasting your energy if you will participate on mining this coin.
I've seen that a lot in several CPU-mined coins. Once the hashrate/difficulty is high, you can't get anything if you are one of those CPU miners.

Since the POA block is the only one mineable... the true hashrate is hard to calculate.  It is 59 blocks of POS, then 1 block of POA to audit it.  I don't think the reported numbers are accurate.

Proof of Stake and masternodes are paying well at the moment.

Got it thanks!
Can you please explain a bit more what doea Proof-Of-Audit works.
Or if you have some sort of documentation I can read, like whitepaper or else, it will be awesome.

I can confirm we are proof of audit

Thanks for the reply, but again, this doesn't mean ENCRYPT NETWORK's POA is also Proof-Of-Audit, is just the explanation of DAPSCOIN's POA consensus.

read this https://officialdapscoin.com/what-is-poa-proof-of-audit-and-how-does-it-work/

I want to thank you for the link, but if you are not sure, this doesn't help me / answer my question. POA can stand for a lot of things: Proof-Of-Assignement, Proof-Of-Activity (https://www.investopedia.com/terms/p/proof-activity-cryptocurrency.asp), Proof of Authority (https://academy.binance.com/blockchain/proof-of-authority-explained) etc... also I am interested how this POA works as I only see POW talks in this thread.

Masternode EASY-SETUP script now available here: https://github.com/EncryptNetwork/EncryptNetwork-Scripts thanks @dzypher#5152 for the hard work

MASTERNODE GIVEAWAY 500k coins!

In celebration of our successful launch we are giving away 1 MN leading up to first exchange listing

To enter:
- Follow @EncryptNetwork on TWITTER
- RT this post on TWITTER
- Join our discord

Winner announced at 500 RT  $XCX

Yeah, some asic miner are keen on XCX...

Mining with 90kh/s and found in the last 24 hours about 4 blocks... not bad...

Don't cheat people
 This is not CPU mining

Network (GH/s)
142.986

Difficulty
2498.54

Ryzen 7 = 120kh

Block explorer is now live: http://weareencrypt.org/explorer

use rpcport 2121

the new chain and wallet works fine

How to mine this cryptocurrency?
I have XCX wallet launched and fully synced, RPC port is 2020 (localhost)
encrypt-poa-miner shown to me next:

CHAIN is now LIVE, get wallets here and start mining POW period (1000 blocks) before we activate POA: https://github.com/EncryptNetwork/EncryptNetwork/releases

Chain launch, ETA - Tomorrow EU timezone, stay posted via our discord $XCX

New TESTNET in progress, expect announcement soon for MAINNET $XCX

Working on a fix chain right now, stay updated here and our discord👻

$XCX #Encrypt

Show me a version of minerd that does NOT create similar results...  it's horrible in that regard.

If this is a scam, the people who head the project are putting in a lot of time trying to fix the wallet.  It would be about 1000 times easier to create a fake wallet and then just forget about it.

Just my opinion.

UPDATE: We are have found the issue regarding the chain (keypool problem) - We have fixed code, however we are going to re-run on a NEW chain. If you want to reclaim your old $XCX amount on our NEW chain, please DM directly on Discord with your wallet addr and screenshot of coin amount. Once you have done this please DO NOT keep running wallet as no extra coins will be issued. Once new chain is live, coins will be sent out. New chain will be live shortly.

Don't download anything here.
Malware crap
https://www.virustotal.com/gui/file/233acd491f2173d564c601b8c0de89e19a68fe3c3c4bc6b7b10cf70ca3971f88/detection

46/72...no no no, thank you

Reported to Moderator.

Its Proof of Audit

seems it's POS and masternode, so you need to run as many masternodes as you can to mine ...

Mining possible only with CPU ? No GPU, no ASIC ?

PoA - Proof of Assignment. Please check the link with brief explanation regarding PoW, PoS and PoA. I hope it is the same thing encrypt dev team is referring to as of PoA.

https://ambcrypto.com/proof-of-assignment-poa-vs-proof-of-work-pow-and-proof-of-stake-pos/

Hello XCX community!
I like high coin supply and I also like POS, I am not a fan of masternode but I will stick around and see what this coin brings to the table.
BTW I wonder what POA stands for. Proof of...?

Devs are working on the chain. Wallets have been removed from the Github for now - appears to be an issue with the keypool. We will keep you updated via Twitter/Discord Ghost

$XCX #Encrypt

MANDATORY WALLET UPGRADE - stability improvements and difficulty adjustments

Get it here: https://github.com/EncryptNetwork/EncryptNetwork/releases/tag/1.1.0.0

Updated discord link: https://discord.gg/5M9gdtw

hey dev, discord invitation is invalid, send us new link?

Please note: your wallet needs to be running and synced to mine.

    1.Download the wallet and PoA Miner for the operating system you need.
    2.Download the sample poa_miner_configuration.json file.
    3.Place the file in the same folder as the PoA Miner executable.
    4.Extract and/or place the downloads into a single folder.
    5.Navigate to your Encrypt folder. Folder is listed by Operating System below:
    – Windows: %APPDATA/EncryptCore
    – Linux: ~/.encrypt
    – Mac: ~/Library/Application Support/EncryptCore
    6.Open encrypt.conf (create it if it does not exist)
    7.Edit the encrypt.conf to have the following info:
    server=1
    rpcuser=username
    rpcpassword=password
    8.Save the encrypt.conf.
    9.Launch the wallet and let it sync.
    10.Next, navigate to where poa_miner_configuration.json is and open it in a text editor:
    – Change the username:password to match your rpcuser= and rpcpassword= from encrypt.conf above (note the : separating the username and password)
    – Change the # of threads to the amount of threads you would like to use (number of CPU-cores can be used as a reference)
    11.Save the poa_miner_configuration.json file.
    12.Run the command below in Command Prompt or Terminal.

Windows
encrypt-poa-minerd.exe --config=poa_miner_configuration.json

Linux/Mac
./encrypt-poa-minerd --config=poa_miner_configuration.json

Files needed found on our discord channel #poa-mining : https://discord.com/invite/HxeBn6r

Get wallets here: https://github.com/EncryptNetwork/EncryptNetwork/releases

MAINNET now live: https://github.com/EncryptNetwork/EncryptNetwork

Looking forward to the launch...

Interested to see how the privacy aspect of this works.

Follow our twitter: https://twitter.com/EncryptNetwork

First 100 follows will be dropped some $XCX dust in our discord channel. Follow and post your proof to our discord giveaways channel.

Looks like chain is stuck and will be re rolled .... Source >Discord

Get the wallets here: https://github.com/EncryptNetwork/EncryptNetwork/releases

MAINNET is now LIVE!

Github: https://github.com/EncryptNetwork/EncryptNetwork

Masternode SETUP guide now available on OUR discord in advance: https://discord.gg/HxeBn6r

We are aiming for the end of week

cool! estimated time for the mainnet?

Yes, full guides will be released soon.

Very interesting... POA... how to mine XCX? Will you provide a how to?

https://i.imgur.com/KeTJa1l.jpg

Masternodes, Staking, Full obfuscation (RingCT, Stealth addresses + Stealth transcations). POA/POS algo, Next level privacy.
We are a group of cryptocurrency developers with a focus on financial privacy and security within this ecosystem. ENCRYPT / $XCX is our solution to this.

SPECIFICATIONS:

Ticker: $XCX
Algorithm: POA/POS
Supply MAX: 10bn
Block time: 1 min
Rewards split: 60/40 (masternodes, staking)
Block reward: 1000 (100 dev/bounty fund, 100 miner, 480 masternodes, 320 staking)
Confirmations for spend: 4 blocks
Mature stake time: 100 blocks
Masternode Collateral: 500,000
Founders fee: 2%

Mainnet now live, presale of 10 Masternodes only to selected individuals/groups. Inquire within our DISCORD...

WEBSITE: http://weareencrypt.org/
WHITEPAPER: http://weareencrypt.org/whitepaper.pdf
GITHUB: https://github.com/EncryptNetwork/EncryptNetwork

SOCIALS:
- Twitter: https://twitter.com/EncryptNetwork
- Discord: https://discord.gg/5M9gdtw

ENCRYPT BOUNTY PROGRAM

Calling all devs, designers, marketers. We will be launching a bounty program where you can earn $XCX in return for your skills. Help grow ENCRYPT to the next level. All bounties are possible over a prolonged period due to our DEV fund.

EXCHANGES:

- TBA shortly after Mainnet launch.