Topic: [ANN] [TERA Smart money] [Smart contracts, PoW, CPU, 1000 TPS] - page 53. (Read 42735 times)
Russian translation reserved
Latest Updates
| v0.545 | | | We switched to a new mining algorithm. Details of the algorithm on the Discord channel #algorithms |
| v0.553 | | | 1. Fixed small bug with update version installation (previously installed always, even if auto- update is disabled) 2. With block number 7000000 introduced protection against DDOS attacks when creating new accounts. New accounts will be allowed to be created only in limited quantities. For an unlimited number in the future will be expanded standard transaction transfer of funds. We plan to add support for transferring money to the wallet address (public key) without specifying an account. In this case, a new account will be created automatically and a small fee will be charged for its creation (for DDOS protection). Ordinary transaction of transfer of funds stating the account will not require a fee. |
| v0.666 | | | 1. Button added Auto-update to wallet (near button mining). If the update mode is turned off, but a new version is uploaded to the network, the button becomes orange and it is written in the title bar of the window via slash (Example: 0.661/663). 2. Added the ability to send money to any public address. In this case, a new account is created upon receipt. The first line of the payment purpose is used as the name. For the creation of the account will be charged a fee. 3.Added the possibility of unlimited creation of new accounts, but with a fee. Now the fee is 10 Tera, but as the rate of the Tera increases, it will decrease. The fee is paid to account 0. To do this, when creating a new account, use the "Add to Pay list"button. Clicking on it on the Send tab creates a payment transaction for 10 Tera with the order to create an account. It must be sent manually-by pressing the Send button. 4. Added smart contracts. More detail will be description will be here soon |
| v0.695 | | | 1. DEX v1.1 (Decentralized stock exchange) 2. Forum (Decentralized forum) |
More updates will be available soon...
Block generation time: 1 second
really? very fast!
When should be end of mining?
really? very fast!
When should be end of mining?
Max emission: 1 bln (TER)
...
Block generation time: 1 second
???
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Block generation time: 1 second
???
Introducing TERA | Smart money
It is our great pleasure to invite you to join us to mine TERA, a coin that offers solutions for issues of existing cryptocurrencies,
namely centralization, transaction throughput, transaction speed, confirmation times, transaction fees and general usability and difficulty
of integration into existing payment and financial systems.
We have managed to create a blockchain with 1 second block time, 8 seconds for full confirmation of transfer and zero fees. On top of that
TERA blockchain is capable of throughput of 1000 transactions per second while retaining all praised blockchain features and bringing huge
possibilities for further development and seamless integration with existing infrastructure as well as with new emerging technologies.
Implementation of advanced blockchain features like smart contracts and decentralized messenger is in our roadmap and we plan to release
these in near future.
namely centralization, transaction throughput, transaction speed, confirmation times, transaction fees and general usability and difficulty
of integration into existing payment and financial systems.
We have managed to create a blockchain with 1 second block time, 8 seconds for full confirmation of transfer and zero fees. On top of that
TERA blockchain is capable of throughput of 1000 transactions per second while retaining all praised blockchain features and bringing huge
possibilities for further development and seamless integration with existing infrastructure as well as with new emerging technologies.
Implementation of advanced blockchain features like smart contracts and decentralized messenger is in our roadmap and we plan to release
these in near future.
Specification
| Name: | Tera |
| Consensus: | POW |
| Algorithm: | TERAhash (sha3 + Optimize RAM hashing) |
| Max emission: | 1 Bln (TERA) |
| Reward for block: | 1-20 coins, depends on miner power (one billionth of the remainder of undistributed amount of coins and multiplied by the hundredth part of the square of the logarithm of the miner power) |
| Block size: | 120 KB |
| Premine: | 5% |
| Development fund: | 1% of the mining amount |
| Block generation time: | 1 second |
| Block confirmation time: | 8 seconds |
| Speed: | from 1000 transactions per second |
| Commission: | free of charge |
Additional Information
| Cryptography: | sha3, secp256k1 |
| Protection against DDoS: | PoW (hash calculation) |
| Platform: | Node.JS |
| Smart contract language: | Javascript |
| Wallets: | Windows - src & setup; MacOS, Linux - src only |
| Network launch: | 01.07.2018 12:0:0 (UTC) |
| Mining launch: | UTC "2018-07-24T15:33:20 |
Roadmap
Smart-contracts – October, 2018
Decentralized forum – November, 2018
Decentralized stock exchange – November 2018
Web wallet - December 2018
Android/iOS Wallets – Q1 2019
Internal voting system – Q1 2019
Research to increase transactions with sharding up to 1 million tps – Q2 2019
Wallet & Mining
Attention: To connect to the network, it's better to have a static IP address and you need to open port 30000.
Requirements
The Terahash algorithm based on sha3 and optimized RAM hashing function. At least you need a strong CPU (>4 Cores) and a lot of RAM (>8 GB).
Good combinations of Cores / RAM are:
04 Cores /// 08 GB RAM
08 Cores /// 16 GB RAM
12 Cores /// 24 GB RAM
16 Cores /// 32 GB RAM
For example: The Intel i7-4770K CPU have 4 cores and 8 threads.
Download and Guides on
Starting the wallet
Wait until the synchronization is complete - the green message Synchronization complete should
appear. Below, when you start first time, two fields will appear: name and adviser. Enter the code of
the adviser (if you have one), enter account name and click the Create button. After about 8 seconds,
the account creation transaction will fit in the blockchain and you will have an open account where
you can mine the coins.
Solving connection problems
1. Check the presence of a direct ip-address (order from the provider)
2. Check if the port is routed from the router to your computer
3. Check the firewall (port must open on the computer)
Referral mining program
In the first year of the network work (when the number of the block is in the range from 2 mln to 30
mln), the referral program of mining works. If the miner indicated an adviser in his wallet, then he
gets about twice the size of the reward, and his adviser receives a one-time reward. Thus, at the
beginning of the action of the referral program, the emission is roughly tripled.
Technically, an adviser is an account number. Any account can become an adviser, provided that it
was created more than 1 mln blocks ago (i.e. approximately 12 days).
In order to smooth out the emission curve, the award for referral mining is multiplied by a factor that
assumes a value from 1 to 0. The factor takes the value equal to 1 at the beginning of the program
and smoothly changes to 0 at the end of the program (up to 30 millionth block).
Smart-contracts – October, 2018
Decentralized forum – November, 2018
Decentralized stock exchange – November 2018
Web wallet - December 2018
Android/iOS Wallets – Q1 2019
Internal voting system – Q1 2019
Research to increase transactions with sharding up to 1 million tps – Q2 2019
Wallet & Mining
Attention: To connect to the network, it's better to have a static IP address and you need to open port 30000.
Requirements
The Terahash algorithm based on sha3 and optimized RAM hashing function. At least you need a strong CPU (>4 Cores) and a lot of RAM (>8 GB).
Good combinations of Cores / RAM are:
04 Cores /// 08 GB RAM
08 Cores /// 16 GB RAM
12 Cores /// 24 GB RAM
16 Cores /// 32 GB RAM
For example: The Intel i7-4770K CPU have 4 cores and 8 threads.
Download and Guides on
Starting the wallet
Wait until the synchronization is complete - the green message Synchronization complete should
appear. Below, when you start first time, two fields will appear: name and adviser. Enter the code of
the adviser (if you have one), enter account name and click the Create button. After about 8 seconds,
the account creation transaction will fit in the blockchain and you will have an open account where
you can mine the coins.
Solving connection problems
1. Check the presence of a direct ip-address (order from the provider)
2. Check if the port is routed from the router to your computer
3. Check the firewall (port must open on the computer)
Referral mining program
In the first year of the network work (when the number of the block is in the range from 2 mln to 30
mln), the referral program of mining works. If the miner indicated an adviser in his wallet, then he
gets about twice the size of the reward, and his adviser receives a one-time reward. Thus, at the
beginning of the action of the referral program, the emission is roughly tripled.
Technically, an adviser is an account number. Any account can become an adviser, provided that it
was created more than 1 mln blocks ago (i.e. approximately 12 days).
In order to smooth out the emission curve, the award for referral mining is multiplied by a factor that
assumes a value from 1 to 0. The factor takes the value equal to 1 at the beginning of the program
and smoothly changes to 0 at the end of the program (up to 30 millionth block).
Transfer your coins "bank like"
The coins are kept in accounts by analogy with bank accounts. The accounts are numbered from 0
sequentially. The zero account number is for system account, to which initially 1 bln coins were
issued. To create new account you need to send to the network special transaction
ACCOUNT_CREATE where you need to specify a public key of the account owner and unnecessary
characteristic “name of account” (a line with length up to 40 bytes). It is advisable to specify the
name to check the correctness of the account number input when sending the payment.
The coins are kept in accounts by analogy with bank accounts. The accounts are numbered from 0
sequentially. The zero account number is for system account, to which initially 1 bln coins were
issued. To create new account you need to send to the network special transaction
ACCOUNT_CREATE where you need to specify a public key of the account owner and unnecessary
characteristic “name of account” (a line with length up to 40 bytes). It is advisable to specify the
name to check the correctness of the account number input when sending the payment.
Test Network
Default values:
Launch:
sudo node set-test httpport:8080 password:SecretWord
sudo pm2 start run-test.js
Notes:
We do not recommend installing the test network on the same computer for the following reasons:
1. If the test network will have a security hole, it will extend to the working node
2. You may experience problems with a remote connection. Due to the peculiarities of storing
cookies of the same domain in browsers. However, you can avoid this if you create domain
synonyms in a file similar to hosts in windows and use a different alias for the test machine
Default values:
| port:40000 httpport:8080 |
Launch:
sudo node set-test httpport:8080 password:SecretWord
sudo pm2 start run-test.js
Notes:
We do not recommend installing the test network on the same computer for the following reasons:
1. If the test network will have a security hole, it will extend to the working node
2. You may experience problems with a remote connection. Due to the peculiarities of storing
cookies of the same domain in browsers. However, you can avoid this if you create domain
synonyms in a file similar to hosts in windows and use a different alias for the test machine
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