Topic: [ANN] [VBK] [PoP/PoW] VeriBlock: Securing the World's Blockchains Using Bitcoin! - page 14. (Read 28012 times)
March 16, 2018, 10:34:20 AM
I'm mining on the testnet now. I want to know is there any airdrop for the testnet mining participants. After all, we are people who support the project from beginning. By the way, I can provide Chinese translation. Please PM me if you need Chinese translation.
March 16, 2018, 06:23:21 AM
How do we mine this?
They answered this question in the original post.
Cpu/gpu along with the VeriBlock Core Software (NodeCore, the CLI, and the PoW Miner).
Modified blake2b algo (vblake2b)
Testnet ONLY right now, mainnet in the future.
So asic. No point to mine with cpu/gpu...
It is possible for an ASIC to be created for vBlake, but at the moment (and on launch of Mainnet, and for a while thereafter), the only way to mine will be with a GPU (or a CPU at lower efficiency), as no ASIC will have been created yet.
March 16, 2018, 07:47:27 AM
This looks like a decent project; leaving a comment so I don't forget to read up later on
March 16, 2018, 06:21:53 AM
Interesting Project and can you explain a bit more about how PoP is going to works?
Since this is my first time heard about PoP
Since this is my first time heard about PoP
Here is a brief example explanation from earlier, using 'ArisCoin' (a fictitious coin) as a blockchain secured using PoP directly to Bitcoin (simplified, not benefitting from VeriBlock's offer of improved PoW security in an easier-to-implement package in a more cost-effective manner):
Quote
Say you launch ArisCoin tomorrow (for simplicity, say it's a PoW blockchain with a 10 minute blocktime), and you use PoP to secure to Bitcoin (directly, in the simplified case).
Your PoW miners bundle transactions on the network into blocks and mine them using traditional PoW, and your PoP miners take the latest 'fingerprint' of ArisCoin (which in the case of a PoW blockchain is the most recent block header), and they publish this block header to Bitcoin (paying a Bitcoin transaction fee). Let's say your total block reward is worth $100 at current market value, and you dedicate 20% of the block reward to PoP miners. This means that, every block, your network pays $20 to PoP miners collectively. Similar to how PoW provides a total bounty and many people compete for slices of that reward, so too do PoP miners compete for the total PoP miner reward (and PoP mining can be done in a pool similar to PoW, so we can conclude that the variability risk can be dramatically reduced). Simplistically, if a high-priority Bitcoin transaction costs $4, we would expect slightly less than 5 transactions on average per block of ArisCoin to Bitcoin on behalf of PoP miners (there are more complexities at play here too, which we'll table for brevity).
PoP miners, to receive their reward, must complete a full cycle of PoP mining: they must publish the fingerprint of ArisCoin to Bitcoin, and then (after waiting for a period of time) must construct a proof that they successfully published this data to Bitcoin (Bitcoin transaction including the data, Merkle path to the Merkle root of the containing block, the header of the containing block, and (if required), additional contextual Bitcoin block headers to link the block the PoP miner published data in to the latest Bitcoin block known about by ArisCoin from previous PoP publication data.
Once a PoP miner completes this full cycle, the ArisCoin PoW miners can include the PoP miner's proof-of-publication in their blocks (and can be incentivized to do so in a variety of means). Once these proof-of-publications are included in the blockchain, they can be referenced in the event that a blockchain fork is presented to the network, and the fork resolution algorithm for ArisCoin determines which version of the blockchain's history is valid based on which one has the highest PoP score (which is calculated as a combined metric of the relative timeliness and volume of publications of each fork's blocks in Bitcoin itself). As a result, anyone wanting to make a fork which will be accepted as valid (they can perform a valid double-spend attack) must publish data to Bitcoin in a timely manner (in-step with the building of the "legitimate" or "original" history), thereby announcing their attack to the world, and allowing merchants/exchanges/users to respond by simply waiting until they can see with mathematical certainty that the state of the forking blockchain has been abandoned according to its presence in the Bitcoin blockchain (in other words, its presence in Bitcoin is not sufficient for it to be accepted as a more valid history than the history the exchange/merchant/user is currently aware of).
Your PoW miners bundle transactions on the network into blocks and mine them using traditional PoW, and your PoP miners take the latest 'fingerprint' of ArisCoin (which in the case of a PoW blockchain is the most recent block header), and they publish this block header to Bitcoin (paying a Bitcoin transaction fee). Let's say your total block reward is worth $100 at current market value, and you dedicate 20% of the block reward to PoP miners. This means that, every block, your network pays $20 to PoP miners collectively. Similar to how PoW provides a total bounty and many people compete for slices of that reward, so too do PoP miners compete for the total PoP miner reward (and PoP mining can be done in a pool similar to PoW, so we can conclude that the variability risk can be dramatically reduced). Simplistically, if a high-priority Bitcoin transaction costs $4, we would expect slightly less than 5 transactions on average per block of ArisCoin to Bitcoin on behalf of PoP miners (there are more complexities at play here too, which we'll table for brevity).
PoP miners, to receive their reward, must complete a full cycle of PoP mining: they must publish the fingerprint of ArisCoin to Bitcoin, and then (after waiting for a period of time) must construct a proof that they successfully published this data to Bitcoin (Bitcoin transaction including the data, Merkle path to the Merkle root of the containing block, the header of the containing block, and (if required), additional contextual Bitcoin block headers to link the block the PoP miner published data in to the latest Bitcoin block known about by ArisCoin from previous PoP publication data.
Once a PoP miner completes this full cycle, the ArisCoin PoW miners can include the PoP miner's proof-of-publication in their blocks (and can be incentivized to do so in a variety of means). Once these proof-of-publications are included in the blockchain, they can be referenced in the event that a blockchain fork is presented to the network, and the fork resolution algorithm for ArisCoin determines which version of the blockchain's history is valid based on which one has the highest PoP score (which is calculated as a combined metric of the relative timeliness and volume of publications of each fork's blocks in Bitcoin itself). As a result, anyone wanting to make a fork which will be accepted as valid (they can perform a valid double-spend attack) must publish data to Bitcoin in a timely manner (in-step with the building of the "legitimate" or "original" history), thereby announcing their attack to the world, and allowing merchants/exchanges/users to respond by simply waiting until they can see with mathematical certainty that the state of the forking blockchain has been abandoned according to its presence in the Bitcoin blockchain (in other words, its presence in Bitcoin is not sufficient for it to be accepted as a more valid history than the history the exchange/merchant/user is currently aware of).
March 16, 2018, 06:47:51 AM
Dev tell me why so ??
March 16, 2018, 06:25:55 AM
VeriInteresting coin.
When official mainnet launch ?
When official mainnet launch ?
March 16, 2018, 06:19:56 AM
Hi Dev! tell me what I'm doing wrong?
Hi albanes, you have to type "connect 127.0.0.1:10500" first to connect to your local instance of NodeCore, and then you can run "getinfo" and other commands (which can be viewed by typing "help" after you connect).
Interesting Project and can you explain a bit more about how PoP is going to works?
Since this is my first time heard about PoP
Since this is my first time heard about PoP
Here is a brief example explanation from earlier, using 'ArisCoin' (a fictitious coin) as a blockchain secured using PoP directly to Bitcoin (simplified, not benefitting from VeriBlock's offer of improved PoW security in an easier-to-implement package in a more cost-effective manner):
How do we mine this?
They answered this question in the original post.
Cpu/gpu along with the VeriBlock Core Software (NodeCore, the CLI, and the PoW Miner).
Modified blake2b algo (vblake2b)
Testnet ONLY right now, mainnet in the future.
So asic. No point to mine with cpu/gpu...
It is possible for an ASIC to be created for vBlake, but at the moment (and on launch of Mainnet, and for a while thereafter), the only way to mine will be with a GPU (or a CPU at lower efficiency), as no ASIC will have been created yet.
How do we mine this?
They answered this question in the original post.
Cpu/gpu along with the VeriBlock Core Software (NodeCore, the CLI, and the PoW Miner).
Modified blake2b algo (vblake2b)
Testnet ONLY right now, mainnet in the future.
So asic. No point to mine with cpu/gpu...
Will the blake2b asics work on this modified version of the algo?
No, new ASICs will need to be created, although a lot of the preliminary work in designing the BLAKE2b ASICs may be able to be reused in creating vBlake ASIC chips.
Algorithm: ECDSA (secp256k1 curve)
Is it possible to mine with GPU?
it's first time to hear New algorithm..
The mining algorithm itself is vBlake (which is also new, and will be mineable with GPUs once we launch our mainnet). ECDSA is our signature algorithm, which is not related to PoW or PoP mining.
March 16, 2018, 06:17:47 AM
Interesting Project and can you explain a bit more about how PoP is going to works?
Since this is my first time heard about PoP
Since this is my first time heard about PoP
March 16, 2018, 06:15:07 AM
Hi Dev! tell me what I'm doing wrong?
March 16, 2018, 06:07:26 AM
I would like to consider purchasing after thinking carefully, Thank you for the information
March 16, 2018, 06:06:25 AM
March 16, 2018, 05:27:52 AM
reserved...
March 16, 2018, 04:45:10 AM
Ok, started reading through the whitepaper, and have some questions. Before I raise them however, given this is a new consensus protocol, it might be best to present a simple example using imaginary coins and people, so that we can all visualize how this works.
Now the questions:
1. If I understand this correctly, every PoP miner would need to transact on the BTC network and embed in their transaction the entire block header of the SI chain, which is being mined by the PoW miners. The two issues I see are a) You are asking PoP miners to pay BTC transaction fees, b) It becomes a race of who does it first so some PoP miners might opt to pay higher fees for their transaction to be mined first and c) The financial incentive would need to be significant for a PoP miner to do so, and cover the BTC fees
2. While you are saying that it would not be practical for someone who forks the BTC chain to take over (re-write) the SI chain, considering that the SI chain would probably be made up of a small amount of hashing power (otherwise, why would you need the hashing power of BTC), and there would already be large pools in play, all they would need to do is also fork the SI chain and provide a solution for the next block faster.
Generally, chapter 6 which deals with #2 above reads very weak, there seems to be some wishful thinking and statements along the lines of "As such, anyone watching the SP blockchain would see what block(s) are at risk for the fork, how much stronger (or weaker) the current chain is compared to the adversarial party’s chain, and could potentially use some means (like balance-based voting) to invalidate the adversarial chain before it is released to the network." don't inspire confidence.
It is ok if you haven't figured everything out yet, be upfront and work with the community. Right now this seems like an overcomplicated solution looking for problem though.
Don't mean to sound critical, and apologies if I have misunderstood anything.
Now the questions:
1. If I understand this correctly, every PoP miner would need to transact on the BTC network and embed in their transaction the entire block header of the SI chain, which is being mined by the PoW miners. The two issues I see are a) You are asking PoP miners to pay BTC transaction fees, b) It becomes a race of who does it first so some PoP miners might opt to pay higher fees for their transaction to be mined first and c) The financial incentive would need to be significant for a PoP miner to do so, and cover the BTC fees
2. While you are saying that it would not be practical for someone who forks the BTC chain to take over (re-write) the SI chain, considering that the SI chain would probably be made up of a small amount of hashing power (otherwise, why would you need the hashing power of BTC), and there would already be large pools in play, all they would need to do is also fork the SI chain and provide a solution for the next block faster.
Generally, chapter 6 which deals with #2 above reads very weak, there seems to be some wishful thinking and statements along the lines of "As such, anyone watching the SP blockchain would see what block(s) are at risk for the fork, how much stronger (or weaker) the current chain is compared to the adversarial party’s chain, and could potentially use some means (like balance-based voting) to invalidate the adversarial chain before it is released to the network." don't inspire confidence.
It is ok if you haven't figured everything out yet, be upfront and work with the community. Right now this seems like an overcomplicated solution looking for problem though.
Don't mean to sound critical, and apologies if I have misunderstood anything.
March 16, 2018, 04:11:49 AM
Looks like I see a new coin here with an new type algo. It's on my watchboard now.
Does this coin have something to do with vericoin?
Does this coin have something to do with vericoin?
March 16, 2018, 03:56:41 AM
will be watching and waiting for the mainnet 
March 16, 2018, 01:51:34 AM
Algorithm: ECDSA (secp256k1 curve)
Is it possible to mine with GPU?
it's first time to hear New algorithm..
March 16, 2018, 01:15:05 AM
Algorithm: ECDSA (secp256k1 curve)
March 16, 2018, 12:48:08 AM
Plz add discord sns
March 16, 2018, 12:39:43 AM
Hello .
Ccminer support Signature Algorithm: ECDSA (secp256k1 curve)
Ccminer support Signature Algorithm: ECDSA (secp256k1 curve)
March 15, 2018, 11:35:53 PM
This project is so cool!
J/k Garzik suck my fucking dick
J/k Garzik suck my fucking dick
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