Pages:
Author

Topic: [ANN] [POW] EPIC - Epic Private Internet Cash | MimbleWimble | Dandelion++ - page 3. (Read 6811 times)

newbie
Activity: 24
Merit: 0
Hi Epic Users

I have looked at Epic Cash and I must say the fundamentals really look good and I believe the direction Epic is taking will lead to success.

I currently hold Theta Token and am considering moving my holdings over to Epic Cash.

An issue I have had so far with starting out with Epic is a simple swap from say BTC to Epic, as compared to Theta which can be done very simply on Simpleswap.io
I have setup things for Epic using vitex and I must say its definitely a bit more technical

What do you think, and I know it would mostly be biased towards Epic here, but I am interested in hearing some opinions on this.

Thanks in advance Smiley
full member
Activity: 181
Merit: 102

Hang with it.  Mobile wallet on the horizon.  That will mean no need for open ports for MimbleWimble IP protocol transfers. 

Wen mobile?
full member
Activity: 254
Merit: 110
EPIC is very thinly traded.  That is both a good thing and a bad thing.

Good, in that the vast majority of EPIC is locked up in people's wallets for a long term HODL.

Bad, in that a small amount of EPIC can move the market much more significantly than were trading more active.

Hang with it.  Mobile wallet on the horizon.  That will mean no need for open ports for MimbleWimble IP protocol transfers. 
full member
Activity: 181
Merit: 102
newbie
Activity: 1
Merit: 0
EPIC Cash compared to ZCash, Pirate Chain and Monero


Monero was the first cryptocurrency to address Bitcoin Core's lack of anonymity. Though transactions are not visible from the outside, sensitive data such as recipient, sender and amount are stored encrypted on the blockchain. Ring-shaped transactions, known as RingCT, provide further obfuscation of transactions. The algorithm behind RingCT merges several users into groups. Thus, a transaction can only be assigned to one group, the individual user "hides" himself and his transaction amount in the group. Anyone who wants to view transactions needs a key, the private key or the so-called “view key''. While the private key is available to the recipient and the sender, the view key also allows third parties to view the transactions on the blockchain.

The vulnerability of Monero lies in the encrypted storage of all sensitive data on the blockchain. It cannot be ruled out, indeed one must assume, that with increasing computing power the Monero blockchain can be deanonymized. It is quite possible that this has already happened and Monero is being used as a honey pot. Furthermore, Monero does not scale well, the blockchain is huge, currently about 140 gb (at the same utilization as BTC it would have nearly 1 tb) and therefore unsuitable for certain applications, such as a fullnode wallet on a cell phone.  

Monero developers are certainly among the most talented in the space of cryptocurrencies, but it no longer makes sense to tinker with a blockchain based on outdated technology. The code is getting more and more complicated and therefore more prone to bugs. Some Monero users are becoming aware of this and leaving the network.

Pirate Chain and ZCash have only one purpose: privacy. Both provide high theoretical anonymity, but require a complicated cryptographic construction that requires a trusted setup and the use of new experimental cryptography, as well as high computational complexity in creating private transactions.

While ZCash offers the possibility to choose between shielded and transparent transactions, Pirate Chain has excluded the possibility to use transparent transactions from the beginning for privacy reasons. All components of a transaction that violate privacy (the same applies to the private mode of ZCash)  - the addresses of the sender and receiver, as well as the amount - are encrypted. However, with the help of so-called "zk-SNARKs" (zero-knowledge succinct non-interactive arguments of knowledge), it is still possible to check whether the transaction is valid. The structure is complicated and difficult to understand, therefore very few cryptographers understand the mathematics behind it, making the code prone to errors.

Without going into too much detail here, it is necessary to look at one part of anonymous transactions: the obfuscation of the amount. To prove that the amount sent is in line with Pirate Chain's (respectively ZCash's) amount of currency, even though you don't know it, you need a proof that can only be generated by the basic setup, a complicated trusted setup. You can think of this proof as a public key generated by a private key. If you can verify this, everything is true.  

If the implementation is flawed or the setup parameters (the "private key") are leaked, this can lead to the counterfeiting of coins, without these additional coins ever being detected, since the amounts are obfuscated. The risk may be minimal - but it remains there and you will never know if the system is broken or not. You just have to trust the developers that the setup parameters have been destroyed. This alone leaves an unpleasant feeling, causing many to look for alternatives.

Are other weak points as well. Transparent transactions make up 90+% of all ZCash transactions. Since transparent and anonymous transactions are processed in different pools, it is easier to identify the anonymous ones, since only a small part of the transactions are carried out anonymously. For this reason, ZCash should not be selected as the currency of choice.

While Pirate Chain does not have the problem of transparent transactions, it has other disadvantages; a poor scalability, already over 95% of all coins are created which makes it unattractive for miners. With fewer miners, the network becomes less secure.

EPIC Cash, which is with the beautiful Mimblewimble protocol based on well known cryptographic principles and easy to understand, does not require a trusted setup, unlike protocols based on zk-SNARKs. The privacy, which has to be achieved with Monero, Pirate Chain and ZCash with partly highly complex and therefore easily bug-prone code, is a side effect of Mimblewimble, which is simply provided by the protocol and maximally increased by additional implementations like Dendelion++.

Because Mimblewimble does not require public addresses, outsiders cannot associate transactions with individuals. "Cut Through" removes all unnecessary data from the blockchain without compromising security, which has a huge space-saving effect. With the same workload and activity, EPIC Cash would therefore have a size of only about 10% compared to BTC. This makes it suitable for certain applications for which the other protocols are unusable because of their huge blockchains.

Compared to Monero, ZCash and Pirate Chain is EPIC Cash highly scalable and ready for mass use. It is not just a private coin like the others but a whole ecosystem. This makes EPIC Cash the preferred cryptocurrency for those who value high anonymity, future-proof technology and high utility.

For more information, please visit:

www.epic.tech
copper member
Activity: 13
Merit: 24
Updated Node Map - Epic Cash in 115 countries Grin


jr. member
Activity: 39
Merit: 3
can someone explain me this....


Epic is doing fine, community growing, mining difficulty climbing, and developers are busy. Epic Cash is a private blockchain, no worries there. That old FUD on coincurb is from two year ago scammer who tried to smear Epic. Many crypto projects get attacked by scammers and blackmailers. Max was a victim of cyberstalking and addressed it on his website: https://wayangarvey.com/cyber-stalking/ .
legendary
Activity: 2296
Merit: 1031
Hello, I started mining Epic Cash, but my processor gives a maximum of 1716.97 H/s. Is this value normal? My processor is Ryzen 5 1600x. All cores active!

make sure large pages is enabled.  Always run in admin mode.

t.me/epiccashhelpdesk is the best place to get support
newbie
Activity: 35
Merit: 0
Hello, I started mining Epic Cash, but my processor gives a maximum of 1716.97 H/s. Is this value normal? My processor is Ryzen 5 1600x. All cores active!
newbie
Activity: 7
Merit: 0
New Epic Cash Mining Pool is online with unique design and two stratum servers!

https://epicmine.org
https://epicmine.org/get-started
https://epicmine.org/faq
legendary
Activity: 2296
Merit: 1031
I love mining Epic Cash because it has been the most consistently profitable GPU mining option for a number of years.

I dual/switch mine EPIC with ETH.  So currently, it mines 48% of the day on EPIC and then 52% to ETH.  Or, I could just mine EPIC and it would still be 2X more profitable than mining ETH.  But since ETH is still profitable, I mine both.

Epic Cash is setup to be mineable by CPU, GPU, and ASICs currently allocated as a 48/48/4 CPU/GPU/ASIC split.

More explanation on how mining works in EPIC:

Imagine we have 100 beans and 3 jars we'll place those beans.  Let's just label the jars CPU, GPU, and ASIC.  And we'll place 48 beans in the CPU jar, 48 more into the GPU jar, and the remaining 4 beans to ASIC.  But instead of making it so predictable and boring, we'll randomize bean assignments throughout the day so on one turn the CPU jar gets a bean and then maybe the next turn the same CPU jar gets another bean but eventually a round robin pattern emerges and the 48/48/4 allocation to the CPU, GPU, and ASIC jars is achieved.
This is how mining works in epic cash.
A block is mined every minute.  That is 1440 blocks per day.  Randomly but consistently, 48% goes to CPU miners, 48% to GPU miners, and 4% to ASIC miners.  This allocation was chosen by the Epic Cash community via DAO governance.  It is agile to change as needed and as determined by the community.
I ran numbers this morning with a newcomer miner and on a 1080 ti they would get about two blocks a week.  At $5 a coin that is about $37.50 weekly.  Mining Ethereum alone would get about $17.5 weekly.
The really cool thing is he can dual/switch mine and get epic's $37.5 plus about $8.75 from eth bringing it up to $46.25 weekly.  2.6 times better than mining ETH alone.

It's more work because you'll have to learn new things and take additional steps to sell.  But for as consistent as this has been for profit I think it's worth it.

EPIC is currently only tradeable on one DEX called Vite.  No kyc.  ios/android apps are easy to use.  A little different than other apps but really easy once you do it a few times.  And it's non-custodial so the security responsibility of securing your seed phrase is up to you.  Non-Custodial and Non-KYC a lot of people like these features but it's not for everyone.

EPIC has a listing on Bitmart coming in January.  It's paid for.  Would have been December but there was a big hack and Bitmart was delayed but they are doing a fantastic job of recovering and assuring no loss to customers.  Top 15 exchange on Coingecko.

Lots of other stuff about Epic Cash.  There's an entire ecosystem being built up. Business leaders, artists, tech gurus, small/vibrant/growing community.
legendary
Activity: 2296
Merit: 1031
Grendel25, How are airgrab tokens claimed?

More details will be released and it depends on some things.  For example, EPIC holders on the Vite app will just get the tokens on that app.  Native wallet EPIC holders will have a different process to follow and we are all just waiting until those details are released.  Any of this can change too.  Most important thing is just to hold EPIC on the snapshot date(s).  So far, there is one snapshot date scheduled, 25 December 2021 and that snapshot will be for ECR.  The community is planning an ECK airdrop and more details will be discussed in Telegram when we know more about that.
newbie
Activity: 2
Merit: 0
Grendel25, How are airgrab tokens claimed?
legendary
Activity: 2296
Merit: 1031
$6 EPIC.  Just getting started.  The ecosystem will amaze you.  Snapshot for ECR for EPIC holders on 25 December.  1:1 ECR distribution.  For every 1 EPIC held 1 ECR will be available during the airgrab later after the snapshot is taken on 25 December. 
newbie
Activity: 2
Merit: 0
I have a question that will likely clarify some things for a lot of people.

In regards to the February snapshot that was supposed to distribute ECR in March... Did a claims website ever get setup for cli wallet users?

Looks like there was also April snapshot that was allegedly planned to be distributed in May, is there a claims website for that drop as well?

If not, will these ECR tokens be accessible once V3 Drops using the V3 wallet?

newbie
Activity: 7
Merit: 0
A new Epic Cash Explorer is available on https://explorer.epicmine.org !
legendary
Activity: 2296
Merit: 1031
Yep.  $3.50 Epic Cash.  LFGoooooooooooooooooooooooooooooooooo!!!
full member
Activity: 181
Merit: 102
still pumping. i don't have enough.
legendary
Activity: 2296
Merit: 1031
New ATH in USD terms today.  Maybe some price discovery now.  ATH in satoshis will mean even higher USD ATH...  Should happen soon in my opinion.  Not financial advice, I'm not a financial advisor Cheesy
newbie
Activity: 17
Merit: 0
Pages:
Jump to: