Topic: [ANN] RNG Coin (RNG) - Hybrid PoW, Pos mineable crypto currency. - page 9. (Read 24652 times)

yeap this question is interesting me too, what will happen with RNG coin? I have mined lot of RNG coins

What will happen to the old RNG? Can we swap old RNG to new RNG?

It will be hybrid Pow/POS like Novacoin for example. It will remain minebale of course.


Thanks. The main problem is financing. The exchange listing cost a money, at least few bitcoins, advertisement cost the money, development cost the money. So we need a budget for it. Until these days whole expenses been covered by the founders and some micro donations, but we need to move forward. Everyone who believes the RNG Coin please support us, join the current crowdsale.

We've got important updates regarding RNG Coin.

Currently RNG Coin is POW minable coin, which has the same structure like old school coins like Bitcoin, Litecoin etc..
Such architecture has no protection against double-spending attacks also known as Sybil attack. According our Roadmap we are planing to integrate Hybrid POS algorithm to protect our coin from the such attacks. We have two options:
1. Make a snapshot of current RNG blockchain and integrate it into the new coin, with integrated Hybrid POS. Which means we are making a fork of RNG Coin
2. Make a genesis block and begin the new chain of coin from zero with 10% of premine

We've decided to choose number two, which means - after the integration of Hybrid POS algorithm we are making a 10% premine and running the RNG Coin from new genesis block. So the participators of Fatum ICO going to purchase new type of coin and current RNG Coin isn't involved into crowdsale.
So what gonna happen with current RNG Coin? We've decided to change the name to RNGC (RNG Coin Classic) and list it into the two exchanges. It will be fair decisions and all current miners will able to trade the coin into the exchanges. The date of listing RNGC is around late September, early October.
Once again, current RNG Coin has no nothing with current Fatum ICO. Participators whom purchasing RNG Coins into the Fatum ICO, purchasing the brand new coin with integrated Hybrid POS algorithm, which going to protect the coin from double spend attack and make it stable and secure.
It was hard decision, our apologizes for all who was upset, but it's the only one right choice.

RNG Coin requires a financing to make the project successful. We need a financing for development team, for the coin listing and for advertisement. Everyone who's interested into RNG Coin and believes it, we are asking to become a participator of the Fatum ICO. We need your support. We are creating this project with all passion and strong believe in cryptography, decentralization, transparency, equality.
Up to now the whole project development and implementation has been carried out due to the enthusiasm of the founders and micro investments. Now the main phase has come, we believe in the future of our project and we want you to support us. Join the crowdsdale, let's make the project successful together.

https://rng-coin.io/wp-content/uploads/2018/06/coin-1.png

Thanks.

Dear community, finally ICO Fatum has been published into bitcointalk. Here is the link - https://bitcointalksearch.org/topic/annicofatum-ico-first-fair-transparent-crypto-gambling-platform-4886063. RNG Coin is the part of Fatum ICO. So please support us and join Fatum crowdsale.

i have the same question the very concept of the token is very much like it is obvious that there is a chip that can then give a good profit. but at the moment, everything is not so good with communications that it is obligatory for the start. you can be geniuses but if no one hears you what result from this?

I don't know, maybe, anyway we'll see

you think so? I think they will announce something different, yes I seen their road map too, of course, it says about Hybrid POS block validation in August, but I think it will be something different announcement

any RNG coin DEX’sare news? launching day?

Hi. How i can mine this coin? And this coin will passphrase to PoS after some time? And on what exchange is safe to buy?

I seen their roadmap I think they will announce something about Hybrid POS

wow they're about to announce something new, lets see, lets see

I reviewed about your planned note decryption. Very useful thing in our world, where information is not secure.

well, good to know, good news are always interesting

Dear community, followers, users.
Finally tomorrow we are going to make a big announcement.

Scheme Of RNG Algorithm:

We use a few layers of randomization, based on differing algorithms, mixed to provide unpredictable randomization for our platform.
https://s8.postimg.cc/bff7r246d/Screen_Shot_08-13-18_at_02.41_AM.png

Explanation Of RNG Methods:

Coin Based Algorithms
The Four Sources Of RNG Coin’s Built-in Random Number Generation Function Are As Follows:
1. The source of entropy for random number generation is the original sequence of bytes. To get this, we use the Time Stamp Counter assembler instructions for the x86 and x86_64 platforms, reading the TSC counter and returns in the EDX: EAX 64-bit number of cycles since the last reset reboot of the processor.
https://en.wikipedia.org/wiki/Time_Stamp_Counter

 2. The resulting bytes are mixed in an unrecoverable order, using RAND_add from the SSL library.
A description of the function can be found here:
https://www.openssl.org/docs/man1.0.2/crypto/RAND_add.html

3. The OS (operating system) function of Linux is used to get another random 32 bytes.
http://man7.org/linux/man-pages/man2/getrandom.2.html

4. RDRAND - Read Random Number returns 32 bytes generated by the hardware of the computer (http://www.felixcloutier.com/x86/RDRAND.html. ). The resulting bytes are mixed in the CSHA512 class, the Write method, and the Finalize method.

PCG Family:

Permuted Congruential Generators (PCGs) are a family of simple, fast, space-efficient, and statistically sound algorithms for random number generation. Unlike many general-purpose RNGs, they are also hard to predict.
PCGs are a family of RNGs which use a linear congruential generator as the state-transition function, and use permutation functions on tuples to produce output that is much more random than the RNG's internal state.

PCGs Differ From Classical Linear Congruential Generators In Three Ways
●   The LCG modulus and state are larger, often equalling twice the size of the desired output.
●   it uses a power-of-2 modulus. This results in particularly efficient implementation, having a full period generator and unbiased output bits.
●   The state is not output directly, but rather, the most significant bits of the state are used to select a bitwise rotation or shift, which is applied to the state to produce the output.

PCG was developed by applying TestU01 to reduced-size variants,[7] and by determining the minimum number of internal state bits required to pass BigCrush. BigCrush examines enough data to detect a period of 235, so that even an ideal generator requires 36 bits of state to pass it.

https://s8.postimg.cc/40pvy805x/Screen_Shot_08-13-18_at_02.45_AM.png

Block Hash Method:

Blockchain provides unpredictable hash numbers. If the miner finds that the value of the bet is much higher than the block reward, they may discard the block, rather than choosing to mine on it. There is also risk involved if there are too many block hashes involved between the first call and the final reward call of the bet. The block hash returns a value of zero if the block hash number exceeds 256. Block hash method is a very unpredictable method for receiving a strong RNG seed.

Combining all the aforementioned methods together, we provide strong and unpredictable RNG generation, which may pass BigCrush tests. Unlike competitors, we plan to pass the certification of our RNG algorithm in late 2018, and receive several certificates from proper authorities, officially improving our RNG. We will be the first crypto gambling project with a certified RNG.

If it is what the name says then I think it is supposed to be a fair coin, meaning that a perfect random number generator is responsible for distribution. I don't know maybe someone else knows some better explanation.

You can find all information, on their website

Hi, can't you bring down the price a bit?

I wonder, if RNG coin will success, how much will be price of RNG coin?