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Topic: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏 - page 114. (Read 202459 times)

sr. member
Activity: 574
Merit: 250
Where would you put Sumokoin in the ranking of all those anon coins out there? Like Zcoin and Zcash etc. Is it really superior to Monero or does the advancement of the anon tech also come with other pitfalls? Would it be possible for Monero to upgrade the code base with what you have and if yes, why don't they do it?

In privacy Sumokoin is at the same level as Monero and this is 100% provable so there are no major differences in the anon tech.
Sumokoin at the moment is as anonymous and private as Monero.

BUT
What differentiates it from Monero is that Monero propagates through hard forks and patches. Sumokoin had just one hard fork, at the beginning, in order to introduce a new diff algo to deter nicehashers and cpu farms with extremely high hashing power to take advantage of the lag of the difficulty adjustment of the original cryptonote diff algo and gain the majority of the blocks while leaving the network stalled in high difficulty when it reached the proper relative value. This is why it is most of the times the most profitable coin to mine at whattomine even though its price at the moment is ridiculously low.
No further hard forks are anticipated.

Sumokoin also has RingCT and 12 mixins from day one, from the first coin minted so there are no traceable transactions in its chain, Monero had to hard fork recently in order to introduce compulsory ringCT so all transactions before that are potentially traceable.
Sumokoin has arguably a better coin emission plan (check the ANN) which doesnt emit all coins at the first couple of years making it commercially more attractable since it will reach maximum block reward when wishfully will be adopted by markets and the need of circulating coins volume will be greater.

Devs will be merging subaddresses capability to core this month that will enhance its privacy ( Monero already did ) devs are at the last stages of testing at the moment.

Sumokoin has a more easy to use and presentable GUI wallet which adds to the easy to use but 100% mentality of the coin.

Devs have plans to differentiate further from Monero but keeping the privacy principle attached so all innovations applied will not affect the fungibility and the 100% anonymity of the coin.



Very interesting read and I think you guys really know what you are doing. I looks promising and I'll consider an investment in Sumokoin. Thanks for your explanation!
sr. member
Activity: 778
Merit: 252
Nice work @Haruto & all DEV! Thanks a lot! I am thrilled for the next step (subaddresses in GUI-Wallet). This will be a major breakthrough not only for Sumokoin, but for all Cryptocurrencies!

By the way guys: There is a Sumokoin - Giveaway! Check it out and get yourself 20 free Sumokoin from Cryptopyrat!

https://www.youtube.com/watch?v=go_a_AzFXvE&feature=youtu.be


Subaddresses (Part 1) merged

FYI, the first stable part of "subaddresses" code has been merged to master branch at Github. This is mainly for early user experiments and GUI wallet design.

Please refer to PR #28 for usage: https://github.com/sumoprojects/sumokoin/pull/28

As current wallet version doesn't recognize subaddresses as valid ones, please DO NOT use subaddresses for:

  • Withdrawal from exchanges
  • Mining receipt addresses
  • Sending funds to them from old (cli/GUI) wallets

Subaddresses (Part 2):

- Support sending to multiple subaddresses or mix of sub/primary addresses
- Improve scanning speed and stability

Expected release date: By Nov 30, 2017

After full-featured subaddresses code is completely merged, binaries will be officially bumped to version v.0.2 (code name: Sapporo)

GUI wallet with subaddresses:

Design target: Simplifying user experience with pre/auto subaddresses generation. User can freely pick any unused subaddress for receiving fund without revealing true main address.

Expected release date: In December 2017
member
Activity: 100
Merit: 10
Roadmap announcements coming in the next few days. Stay tuned

Will they be published on your website?
Good work anyways

Check two posts above
Ah i didn't know that was the complete anouncement. Good work dev's.  Smiley been following since day one
sr. member
Activity: 463
Merit: 253
Roadmap announcements coming in the next few days. Stay tuned

Will they be published on your website?
Good work anyways

Check two posts above
member
Activity: 100
Merit: 10
Roadmap announcements coming in the next few days. Stay tuned

Will they be published on your website?
Good work anyways
newbie
Activity: 52
Merit: 0
Subaddresses (Part 1) merged.

Well done guys! Yet another exmple of the serious work being done on this coin. Delivered as promised and on time.
full member
Activity: 149
Merit: 100
www.sumokoin.org #SUMO
Subaddresses (Part 1) merged

FYI, the first stable part of "subaddresses" code has been merged to master branch at Github. This is mainly for early user experiments and GUI wallet design.

Please refer to PR #28 for usage: https://github.com/sumoprojects/sumokoin/pull/28

As current wallet version doesn't recognize subaddresses as valid ones, please DO NOT use subaddresses for:

  • Withdrawal from exchanges
  • Mining receipt addresses
  • Sending funds to them from old (cli/GUI) wallets

Subaddresses (Part 2):

- Support sending to multiple subaddresses or mix of sub/primary addresses
- Improve scanning speed and stability

Expected release date: By Nov 30, 2017

After full-featured subaddresses code is completely merged, binaries will be officially bumped to version v.0.2 (code name: Sapporo)

GUI wallet with subaddresses:

Design target: Simplifying user experience with pre/auto subaddresses generation. User can freely pick any unused subaddress for receiving fund without revealing true main address.

Expected release date: In December 2017
sr. member
Activity: 778
Merit: 252
The Chief Entertainement Officer of XMR is Fluffypony. Don't you check twitter sometimes?
sr. member
Activity: 574
Merit: 261
Any news from Bitrex?

Sumo is accepted on Bittrex, Poloniex, Binance and Kraken. They just try to go live on exactly the same time. After they figured that out, the announcements will come  Grin

Where did you get this information from - source please. I think it will be a long time, unfortunately, before Sumokoin get listed on Bittrex, Poloniex, Binance, etc.

I have contacts to all of those exchanges and help to deal with the issues of synchronised affaires. I can't tell names of course, because that would ruin my business. I also have close contacs to the CEO (Chief Entertainement Officer) of Monero.

If that was the case, most probably SUMO would go moon for a moment.

Hes joking of course. I doubt Monero has a Chief Entertainment Officer (CEO). It would be cool if he weren't though Wink

He got my hopes up for a nanosecond and then though, well, I could say I've contacts with the CEO of Bittrex, prove me wrong.
"Chief Entertainement Officer" sounds like the head clown to me Smiley
newbie
Activity: 52
Merit: 0
Any news from Bitrex?

Sumo is accepted on Bittrex, Poloniex, Binance and Kraken. They just try to go live on exactly the same time. After they figured that out, the announcements will come  Grin

Where did you get this information from - source please. I think it will be a long time, unfortunately, before Sumokoin get listed on Bittrex, Poloniex, Binance, etc.

I have contacts to all of those exchanges and help to deal with the issues of synchronised affaires. I can't tell names of course, because that would ruin my business. I also have close contacs to the CEO (Chief Entertainement Officer) of Monero.

If that was the case, most probably SUMO would go moon for a moment.

Hes joking of course. I doubt Monero has a Chief Entertainment Officer (CEO). It would be cool if he weren't though Wink
full member
Activity: 282
Merit: 100
Any news from Bitrex?

Sumo is accepted on Bittrex, Poloniex, Binance and Kraken. They just try to go live on exactly the same time. After they figured that out, the announcements will come  Grin

Where did you get this information from - source please. I think it will be a long time, unfortunately, before Sumokoin get listed on Bittrex, Poloniex, Binance, etc.

I have contacts to all of those exchanges and help to deal with the issues of synchronised affaires. I can't tell names of course, because that would ruin my business. I also have close contacs to the CEO (Chief Entertainement Officer) of Monero.

If that was the case, most probably SUMO would go moon for a moment.
sr. member
Activity: 778
Merit: 252
Any news from Bitrex?

Sumo is accepted on Bittrex, Poloniex, Binance and Kraken. They just try to go live on exactly the same time. After they figured that out, the announcements will come  Grin

Where did you get this information from - source please. I think it will be a long time, unfortunately, before Sumokoin get listed on Bittrex, Poloniex, Binance, etc.

I have contacts to all of those exchanges and help to deal with the issues of synchronised affaires. I can't tell names of course, because that would ruin my business. I also have close contacs to the CEO (Chief Entertainement Officer) of Monero.
sr. member
Activity: 574
Merit: 261
Any news from Bitrex?

Sumo is accepted on Bittrex, Poloniex, Binance and Kraken. They just try to go live on exactly the same time. After they figured that out, the announcements will come  Grin

Where did you get this information from - source please. I think it will be a long time, unfortunately, before Sumokoin get listed on Bittrex, Poloniex, Binance, etc.
full member
Activity: 378
Merit: 102
Hello everyone

I have a question about how the mining on the coin. Before the question - let me apologize if my question is lame or stupid. I am new to both the crypto world and mining coins.

What does the below message in the miner - "New Block detected" mean?

Does this mean that a new block was found by the pool and that the pool get the block reward of 36 something coins after the set confirmations? Whenever i start the miner this "New block detected" message comes very frequently - more like every minute or so. However, the official pool page says that the estimated time per new block is around 12-13 minutes.

Quote
[2017-11-19 12:29:27] : Result accepted by the pool.
[2017-11-19 12:32:03] : Difficulty changed. Now: 82710.
[2017-11-19 12:32:03] : New block detected.
[2017-11-19 12:33:47] : New block detected.

[2017-11-19 12:34:33] : Difficulty changed. Now: 55140.
[2017-11-19 12:34:33] : New block detected.
[2017-11-19 12:34:41] : Result accepted by the pool.
[2017-11-19 12:34:41] : Result accepted by the pool.
[2017-11-19 12:35:03] : Difficulty changed. Now: 110280.
[2017-11-19 12:35:03] : New block detected.
[2017-11-19 12:35:42] : Result accepted by the pool.
[2017-11-19 12:36:04] : Difficulty changed. Now: 180787.
[2017-11-19 12:36:04] : New block detected.
[2017-11-19 12:36:31] : Result accepted by the pool.
[2017-11-19 12:36:34] : Difficulty changed. Now: 200007.
[2017-11-19 12:36:34] : New block detected.
[2017-11-19 12:39:04] : Difficulty changed. Now: 130720.
[2017-11-19 12:39:04] : New block detected.
[2017-11-19 12:40:10] : New block detected.

[2017-11-19 12:41:34] : Difficulty changed. Now: 87147.
[2017-11-19 12:41:34] : New block detected.

Thanks for your help and answers in advance.

It means that somewhere in the world a new block is found and your mining pool has been updated with the new block information. So everybody is going to work on the new block. The timestamps of these messages should be around the same time where your mining pool says 'Network - Block Found'.
newbie
Activity: 49
Merit: 0
Hello everyone

I have a question about how the mining on the coin. Before the question - let me apologize if my question is lame or stupid. I am new to both the crypto world and mining coins.

What does the below message in the miner - "New Block detected" mean?

Does this mean that a new block was found by the pool and that the pool get the block reward of 36 something coins after the set confirmations? Whenever i start the miner this "New block detected" message comes very frequently - more like every minute or so. However, the official pool page says that the estimated time per new block is around 12-13 minutes.

Quote
[2017-11-19 12:29:27] : Result accepted by the pool.
[2017-11-19 12:32:03] : Difficulty changed. Now: 82710.
[2017-11-19 12:32:03] : New block detected.
[2017-11-19 12:33:47] : New block detected.

[2017-11-19 12:34:33] : Difficulty changed. Now: 55140.
[2017-11-19 12:34:33] : New block detected.
[2017-11-19 12:34:41] : Result accepted by the pool.
[2017-11-19 12:34:41] : Result accepted by the pool.
[2017-11-19 12:35:03] : Difficulty changed. Now: 110280.
[2017-11-19 12:35:03] : New block detected.
[2017-11-19 12:35:42] : Result accepted by the pool.
[2017-11-19 12:36:04] : Difficulty changed. Now: 180787.
[2017-11-19 12:36:04] : New block detected.
[2017-11-19 12:36:31] : Result accepted by the pool.
[2017-11-19 12:36:34] : Difficulty changed. Now: 200007.
[2017-11-19 12:36:34] : New block detected.
[2017-11-19 12:39:04] : Difficulty changed. Now: 130720.
[2017-11-19 12:39:04] : New block detected.
[2017-11-19 12:40:10] : New block detected.

[2017-11-19 12:41:34] : Difficulty changed. Now: 87147.
[2017-11-19 12:41:34] : New block detected.

Thanks for your help and answers in advance.
member
Activity: 161
Merit: 11
Roadmap announcements coming in the next few days. Stay tuned

Really hope this is about subaddresses. With a privacy-centric coin, using one-off addresses would be huge (if I understand subaddresses correctly).
sr. member
Activity: 367
Merit: 250
Roadmap announcements coming in the next few days. Stay tuned

Yes, it's very nice to hear this news  and I can see the SUMOKOIN price is rising up very highly on the livecoin exchange.
It has flied up more 30% at the present and maybe it will continue to grow up higher. Keep your good work and everyone will support this project.


LOL  24Volume: 102 SUMO

But yes, the news is good. News always is good.
hero member
Activity: 1148
Merit: 512
Roadmap announcements coming in the next few days. Stay tuned

Yes, it's very nice to hear this news  and I can see the SUMOKOIN price is rising up very highly on the livecoin exchange.
It has flied up more 30% at the present and maybe it will continue to grow up higher. Keep your good work and everyone will support this project.
sr. member
Activity: 778
Merit: 252
Just simple question - why SUMO coin? Smiley Does it have any association with japanese wrestling? Roll Eyes

Because you will gain a fat profit if you buy 10k and hold them a year or two  Cool
sr. member
Activity: 778
Merit: 252
Roadmap announcements coming in the next few days. Stay tuned


Some interesting things coming?   Grin


Yes  Grin Make sure to check in on twitter and here the next days!!! And if you want to buy Sumo, do it now for gods sake!!!
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