Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 127. (Read 170137 times)

Sorry, i don't sleep that much these days, and google translate isn't helping much, what i meant was double sha256 hashing, not encryption, because once the smart contract is brought from sadenet, for trading, it will use the double sha256 hashes to check for the integrity and references.

No. They are merely giving you an opportunity to participate.

When you are asking technical details, then you'd expect the developers to answer. The current ones do not have English as their first language.

Again, nobody is asking you to. You are free to ignore it. Unlike 99.9% of the scam ICOs/IPOs/Crowdsales, the team of this one is not hyping it.

Perhaps.

Such as statement shows inexperience. If you only had an idea how often people completely confuse terms in the IT workplace, or arguably worse, have a completely wrong understanding of something (e.g. I've recently mixed up inbound and outbound connections as I had not drunk my morning coffee ). Combine that with the lack of sleep during the whole duration of the crowdsale (which is now ~24 days in).

The problem is that these are technical terms that are not confused.  In any language everyone knows hashing is NOT encryption.

The fact that someone running an ICO, taking millions of dollars, confuses these two well-known distinct terms is unsettling for investors.  Something is amiss here.

It was also unprofessional to call the person who picked up on this "limited".  He's actually quite attentive.  And he's right.  The fact he was called "limited" was condescending and tells a lot about the organizer.  Not a good indicator.

I understand. Still there was no need for him to call anybody of being limited.

Considering this is a very large forum and this thread is 48 pages and the developers are asking us to send our hard earned coins to them.  Maybe someone who speaks English as a first language should be their representative.  I am not getting a warm and fuzzy feeling about participating in this organization.

There is a strong language barrier present, which makes it extremely difficult to express himself especially when nemgun has to combat a lot of trolls native to English. I have notified him of his mistake. He will correct it once he is around.

Dear mister smart,

People are confused because you are calling hashing operation a "double sha256 encryption".

More over, later you are accusing people of being limited, because they don't understand you.

Please also learn something: hashing is not encrypting - don't call hashing operation an encryption.

Regards

Can you please join slack  https://nvoinvite.herokuapp.com/
once there, join #issue1 and fill form, you will be notified with further instructions.

Yes it was sent from blockchain.info , why is stuck and why it was not said that before?

I feel that you are really limited, you try to make the clever for nothing by giving definitions that everyone knows. I'm going to explain what a blockchain is, it is like a database, and I'll save hash in that database.
So when the smart contract will be hashed in sha256, it will serve as an id.
Now A wants to make a trade, it leaves coins for sale and goes offline, how the database will call its smart contract? She will call it using using the hash.
I will help you learn a few things, when you read definitions ask yourself what are they for, you will be able to understand them better, so after the definitions, it is the functions.

I will give an example for others who do not know the development:
https://satoshimines.com/play/c1397e2164317bcb411d91cc0799610a0d954368/#DONT_SHARE_URL

This is a satoshimine link, it serves to identify the player. What you see in red is the hash, no one except you and the database of satoshimines can have it, if you modify it you lose your account.

How will NVO work? It is necessary to ask about the double sha256, to bring more security. Now this pseudo blockchain, where does it come from? NVO will fork ? Which blockchain NVO will use? Which technology will be used?
It is necessary to ask all these questions, I answer you, we will use the technology of Bitcoin, because in my eyes it is the best, with many developers who maintain it, the one that succeeds best, and the oldest in term Of experience, in addition it uses sha256. We can say that we are going to use a bitcoin sidechain, it will not be a fork.

The sidechain will work as a RAM, a cache for the duration of the trades, once the trades end, it erases the information and does not keep history, because NVO is a decentralized and anonymous exchange, it is not Not meant to track its users. And how will safenet be? Like a hard drive, where the smart contract will be sent for offline use.

So what's the utility of the user's wallet? It will be the CPU to connect the other two. He will link his signature to the sidechain so that the smart contract is made, and to launch the algorithm for the multisig, the result will simply register on the safenet, so the user will have access to nothing, apart from the Calculates and bandwidth.

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Thanks for participating, you can change the address normally, the tokens will be sent to counterwallet.

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If you sent from blockchain.info, please join slack, as your nvo tokens may get stuck.

So  we will not able to see the coins till the end of the iCO? so how do we know that we did it right? I send BTC from blockchain wallet, is that ok too?

I'm sorry, but I'm really baffled as I keep reading about this mysterious "double sha256" encryption. - Never heard of it in the context of asymmetric encryption.
To my knowledge, sha256 is a hashing algorithm, - not an encryption algorithm.
(For those not in-the-know, hashing algorithms are one-way computations by definition and purpose, and one cannot reverse the operation to get the original data from a hash.)
Yes, it does transform information and produce a hash value of that information. But in practice, there's no routine mechanism to reverse that computation, - only some very elaborate hacking may be able to do that.
So, yeah - it's kinda secure, if all you need is to compare it with another such hash to determine if the original data for the two hash values was the same (with a 99.9999% probability, as in very rare cases two very different pieces of data may actually produce the same hash).
But there are no keys ever involved in calculating sha256, therefore no private key would ever be able to reverse the operation (one can only use a salt value to obfuscate input data and prevent dictionary attacks on the hash).
And then, double-sha256 merely adds another round of computations where the first computed hash itself is hashed again using sha256.

I'd really like to get an explanation for the "double sha256 encryption" term, as that would constitute an incredible mathematical breakthrough.

Nemgun

So contribute with XRP and doge. Do not send Bitcoins. If I now change the address of the electrum by the address Counterwallet, will the tokens be deposited in the Counterwallet or still going to the address Electrum?

Grateful.

Hello, sorry for that issue, can you please join slack ?

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The values will be frozen at the moment the crowdsale ends, from there the price of the token will be calculated, the cryptos will be converted slowly in order to avoid dumps, the difference will be supported by NVO.

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It all depends on your decision, but changing the address on the dashboard won't change the Altcoin addresses. If you sent Bitcoins, you have to notify the team, preferably on slack, because the NVO tokens will be sent to the address you sent from.

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NVO token is a counterparty token, which means that it follows the bitcoin blockchain. You can change the address on the website without any problem as you haven't sent Bitcoins or Altcoins. You can't see the NVOT using electrum, but you can do it using counterwallet, or the NVO wallet, after the update.

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You should join slack, as you sent from blockchain.info you won't have access to your private key, once you are in slack, yani will help you.

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The dashboard doesn't track the bitcoin addresses who sent to the escrow address, the block explorers are already doing it.
this is the good one : the Tokens will get credited to the same wallet from which funds are sent after the crowdsale ends

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No, Tether isn't comparable to NVOS, it is totally different.

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It is not because you have not understood that I can not implement it, does not judge without understanding.

I will start step by step so that you can understand, each time we finishes one, we advance towards the other.

There is not only one algorithm, there are several, so we have three key elements, a blockchain that synchronizes the wallets and encrypts the data, the smart contract that comes from the blockchain that carries a private key and the address randomly and encrypted, and the smartcontract swap.

Now that you have an idea of ​​the definitions, let's move on.

So A wants to place an order:

The wallet creates a smart contract, and sends it directly to safenet without being kept on site while being hashed in double sha256. The decryption key remains on the blockchain.

PS: the user does not have access to the multisig or any other access. View that the wallet is not the stokage space of the orders.

This is the first phase, if you have any questions, I answer then we go on.

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Maidsafe is developing a new internet, which is not the case for NVO, we don't need the full safenet, plus they extensively test the features they implement and see their limit. in the case of NVO we need some elements only this why the development won't be as long as for safenet.

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You just control the supply of tokens like tether or any other currency that is tethered to USD. Obviously tether has been having some problems lately but no algorithm is perfect so it's do be expected with NVOS as well. Maybe NVOS will be their version of tether that you can buy on their platform.

Hi
I created a Wallet on Counterwallet and Transferred Some BTC to the bitcoin escrow address mentioned on the NVO ICO Dashboard
Now what will happen..? Will i see the bitcoin balance that is transferred or any token amount on my ICO page or anything..?
Or just the Tokens will get credited to the same wallet from which funds are sent after the crowdsale ends
As it is already a day and i cannot check anything regarding transaction Came through or balance thing on my NVO.io dashboard
Fast reply will be appreciated
Thanks

I have sent BTC from blockchain wallet to the NVO ICO. Please can you tell me what will I see in the ICO page BTC I sent or NVO tokens...Will I be able to see anything?

Are you saying, that you are going to create a replacement for MaidSafe in 2-3 months if MaidSafe is not ready on time? With a team of people you DO NOT have yet? Something that MaidSafe have been trying to accomplish FOR 3 YEARS ?

 

I use Electrum as my bitcoin wallet.  I registered one of my Electrum wallet addresses on NVO.io website, but I have not sent funds yet.  How will I see my NVOT using Electrum?  I see a token balances section on myetherwallet.  But, I don't understand how it works with bitcoins/Electrum.  Thank you and I apologize if this has been asked and answeered.

Good afternoon ! I have some questions:

1- I used Bitcoin's personal address as an Electrum address, and made my contribution with altcoins. I backed up the private key of the Electrum address;
2- I created a Bitcoin address on CounterWallet, and I verified the possibility of using my private key to import future NVO Tokens through the private key that I imported from the Electrum address.

===> Now my doubt I read that this import is not immediate (private key electrum <==> Token NVO inside the counterwallet), it may take some time.


Can I change the personal address bitcoin (from the Electrum wallet) in the NVO panel by my Counterwallet address (from what I saw the most appropriate address)? Will this change replace the Altcoin addresses on the NVO panel?

Grateful.