Upcoming Hard Fork!The ETNXC/ETNXP Hard Fork is currently being VOTED on by the Electronero Pulse community. Vote now:
https://smart-polls.net/p/6YMHYGY-results Reinventing anonymous cryptocurrency by combining the best features of leading CryptoNote coins into a new blockchain.
How to participate?
We would be happy to have you join the community.
Join us on Discord! 📌
https://discord.gg/EAUCXUS 💥
Join Electronero Classic on Telegram!
https://t.me/electroneroclassicElectronero Classic genesis block will start with the coinbase of Electronero Pulse
This means that every Electroneum, and Electronero Pulse as well as Electronero Classic exist on the ETNXC chain in 1:1
However the only ETN participants who have claim to Electronero Classic from Electroneum must have had ETNX by block 307,000 (finalized in April/May of 2018).
ETNX holders from before block 500,000 have Electronero Pulse in form of 1:1 from before block 500,000.
This means if you still haven't claimed your Electronero Pulse, from ETN or ETNX... You will also have Electronero Classic outputs to claim as well!
Electronero Pulse ETNXP holders at the time of hard fork block a chain split will occur (expected arrival March 05, 2019) may claim 1:1 Electronero Classic ETNXC by depositing Electronero Pulse to ETNXP mobile wallet, paper wallet, desktop graphical user interface pulse-wallet-gui or participating exchanges and owning the coins until at least after the hard fork is finalized.
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Electronero core held a world-wide caucus over the last few weeks, the outcome being that a decision must be made to continue to grow our network and present healthy coins to the community.
Electronero Pulse needs lower network fees to grow transactions per second, and increase usage. Reduction on block rewards has also been planned.
Electronero $ETNX is experiencing healthy volume in $BTC markets, while Electronero Pulse $ETNXP is also actively trading in $LTC markets. The upcoming hard fork of Electronero Pulse will result in a 1:1 AIRDROP of Electronero Classic $ETNXC, expected arrival of announcement is block 650,000.
Electronero Classic will be utilized in smart contracts, whereas Electronero Pulse will be made available in gaming / game contracts.
The expected arrival date of ANN is block 650,000 for Electronero Classic $ETNXC is March 01, 2019.
Electronero Core team has been looking for ways to improve everyday since our launch. We’ve realized that there are just some inherited issues from the parent fork that need to be dealt with head on. The supply is the first issue brought up. So, we’re drastically reducing the supply on ETNXC, and as a result of a chain split during an upcoming hard fork a new coin ETNXCP Electronero Classic will be formed…
We as Electronero Classic are a hard fork of Electronero Pulse, as well as Electronero and Electroneum, ETN is our shared genesis, but we hold no ties to the ETN development or any of the founders and we object to most of their decisions. And so Electronero Core team a unique operation, we have built a segregated alternative and have operated with many complex implementations such as flexibility of ring signatures, Cryptonight Fast algorithm, camel emissions distribution, many attack mitigation tactics, mobile interactivity, most of all user support to a growing world wide community.
Both ETNXC Electronero Classic and ETNXP Electronero Pulse have support from participating exchanges, the community, and the core development team. Solid plans have been put in motion.
“We are aiming to have new web interface and mobile application for Electronero Classic with updated road maps out by the end of the month in February. While the snapshot is estimated to arrive on March 05th, 2019” — Mark Evans (lead blockchain architect)
How To Participate?Have ETNXC on participating exchanges or in the Electronero Pulse mobile app entitles user to 1.00 ETNXC for each 1.00 ETNXCP after the hard fork.
Hard Fork Ratio = 1 : 1Electronero Classic $ETNXC will be automatically distributed via Electronero Passport protocol to holders of Electronero Pulse $ETNXP after the upcoming hard fork which is to be announced on block 650,001. In order to Claim Electronero Classic $ETNXC from the upcoming hard fork of Electronero Pulse $ETNXP, in form of 1:1 AIRDROP holders of $ETNXP may deposit $ETNXP to the Electronero Pulse mobile wallet and hold $ETNXP until after hard fork block which will be announced on or about block 650,001 in order to have claim to 1:1 outputs of $ETNXC. Electronero Pulse mobile application is now available on Google Play for Android and App Store Connect for iOS. Participating exchanges are yet to be announced. Subscribe to Electronero Pulse official news channel for the latest up to date intel regarding Electronero Pulse project.
Electronero Classic ETNXC?Max Supply: 1,000,000,000,000.00 $ETNXC
Block Reward: 20,000.00 $ETNXC
Target: 60 seconds
PLEASE BE AWARE OF THE RUMORS !!! OUR OFFICIAL WEBSITE IS ELECTRONERO.ORG
Electronero Classic(ETNXC) IS NOT AN ETHER TOKEN. BEWARE OF ETHERDELTA!
The ETNXC community operates ELECTRONERO.ORG ELECTRONERO.NET ELECTRONERO.COM ELECTRONERO.INFO
Remember to be safe and
come ask us anything you like on Telegram. ETNXC is a Hard Fork of Electroneum and ETNXC is a CryptoNote based on XMR Lithium Luna v0.12.2 with many improvements from inspiration from Sumokoin and the ideas and concerns raised about by the community.
Contact lead technical advisor and ETNXC blockchain developer Mark Evans to become a part of the team.
Interchained on Discord and Telegram.
Mark is a certified full stack web developer and niche marketer. Mark has launched many brands in the past and will use his experience to act as a catalyst for this project.
" We are cooperating with exchange partners to expand into international markets "
Find Mark on @interchained Telegram or Discord: @Interchained#9119
INTRODUCTION
Electronero Classic (ETNXC) Electronero Classic is a fork from Electronero Pulse, Electronero, and Electroneum (ETN) made by the community, for the community beginning building from Monero source v0.12.2 Lithium Luna, one of the most respectable cryptocurrency well-known for security, privacy, untraceability and active development. Starting as an educational project, we found that it would be great to create a new coin with high level of privacy by (1) moving forward right away to Ring Confidential Transactions (RingCT), (2) setting minimum transaction mixins to 12 that would make it high resistance to blockchain analysis attacks.. We found that some of the features of Sumokoin were also interesting to us such as the "bitcoin-like" Camel emission, rather than a traditional Elliptical emission curve. So we implemented that. We also adapted the LWMA as we were advised by mathematician and blockchain theorist Zawy has researched this new difficulty algorithm extensively. Public Testnet launch is debuted at block height 280,000. The hard fork will occur at block height 307,000 and all owners of Electroneum will be de facto owners of Electronero. The codebase for this project is the Monero Lithium Luna v0.12.2+ release core code to which a lot of modifications are being made in order to provide a better, more reliable platform to current, past Electroneum and future Electronero Classic users. Cryptocurrencies have attracted substantial attention over the past few years bringing millions of new users into the market dramatically increasing demand, market value, and daily activity. With such an increased demand comes a big responsibility on cryptocurrency developers to ensure they are delivering the most stable platform to their users allowing them complete freedom of access to their funds. Read the whitepaper where some community members have detailed the basis for our fork, the ethical standards that are to be upheld in the fork’s environment as well as technical details, our roadmap and plans for the future of Electronero network. BASIS FOR THE HARD FORK :
The idea of creating a fork from Electroneum emerged from the ETN community as there have been growing concerns of the lack of support from the developers, issues regarding deposits and transfers, the flooding of new CryptoNight ASIC miners on the market. The growing cryptocurrency market and the millions of users therefore requires a lot more technical support than currently provided which explains the basis for this project; providing a state of the art platform for ETN users by creating a fork that would truly answer the needs of the community. Electronero Classic is the hard fork of Electroneum and Electronero Pulse as well as Electronero, containing blocks from all three coins and sharing genesis with Electroneum. Claim Electronero Classic by restoring ETN,ETNXP, ETNX on the ETNXC network or participating exchanges. Order ETNXP before the hard fork and get claim to 1:1 ETNXC after the hard fork is finalized. Visit Electronero Classic Official Website [url]
•Untraceability: for each incoming transaction all possible senders are equiprobable.
•Unlinkability: for any two outgoing transactions it is impossible to prove they were sent to the same person.
ABOUT Electronero Classic
We as Electronero Classic are a hard fork of Electronero Pulse, Electronero and Electroneum, ETN is our shared genesis, but we hold no ties to the ETN development or any of the founders and we object to most of their decisions. And so Electronero ClassicCore team a unique operation, we have built a segregated alternative and have operated with many complex implementations such as flexibility of ring signatures, Cryptonight Fast algorithm, camel emissions distribution, many attack mitigation tactics, mobile interactivity, most of all user support to a growing world wide community.
Supply & Emission
Total supply: 1,000,000,000,000.00 maximum supply.
Coin symbol: ETNXC
Coin units:
2
Hash algorithm: CryptoNight Fast (CN_FAST, CN/MSR, cn_variant 4)
Block time: 60 seconds
Emission scheme: Electronero's block reward changes every 3-months following a "Camel" distribution which is often slow at first, accelerated in the next few years before declined and depleted).
Features
Secure and private
Designed for mass adoption
User-friendly
Professional Network
No more expensive fees
MOBILE WALLET & MOBILE MINER EXPERIENCE
With Electronero Classic you can manage your ETNXC anywhere.
Anyone with a smartphone and an internet connection can receive ETNXC and mine using ETNXC mobile miner experience.
The ETNXC mobile wallet & mobile miner experience will come first for Android and iOS in the near future.
CAMEL EMISSIONS
With ETNXC miners can count on the block reward.
TRUE FUNGIBILITY
Electronero Classic is one of a few rare cryptocurrencies with true fungibility - the feature makes digital currency act like physical cash i.e. no other people can find where the money comes from and how many have been transferred.
GREAT PRIVACY
Electronero Classic is created with high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize of 12(+1) to conceal sources/amounts transferred and make it high resistance to blockchain-analysis attacks
STRONG SECURITY
Electronero Classicutilizes the power of a distributed peer-to-peer consensus network, every transaction is cryptographically secured. Individual accounts have a 26 word mnemonic seed displayed when created, which can be written down to back up the account and account files are encrypted with a passphrase to ensure they are worthless if stolen.
Additional Specifications
[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Initial number of atomic units is M = 264 - 1. However, once the block reward reaches 0.3 ETNXC per minute (sometime in 2030) that is treated as the minimum subsidy, which means that Electronero's total emission will forever increase by ~157680 ETNXC annually.
[3] Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-12, where A = current circulation.
FAQ
For a longer FAQ, check Community FAQ
Electronero Classicis Based on CryptoNote Technology
What is CryptoNote?
CryptoNote is the technology that allows creation of privacy-centric cryptocurrencies. You can visit their website at cryptonote.org. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design. Bytecoin (BCN) was the CryptoNote reference implementation, and Monero (XMR) based their sources on BCN. Electronero Classic(ETNXC) is based on XMR's code.
Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and one-time keys that make transactions unlinkable. Their combined effect gives a high degree of anonymity without any extra effort on the part of the user.
Unlike Bitcoin, your funds are not held in the address you give out to others. Instead, every time you receive a payment it goes to an unlinkable address generated with random numbers. When you decide to spend the funds in that one-time address, the amount will be broken down and the components will be indistinguishable from identical outputs in the blockchain.
For example if 556.44 ETNXC are sent, the protocol will break it down into 500 + 50 + 6 + 0.4 + 0.04 and a ring signature will be performed with other 500's, 50's, 6's, 0.4's, and 0.04's in the blockchain. Unlike the "CoinJoin" mixing method, CryptoNote mixes outputs not transactions. This means no other senders need to be participating with you at the same time or with the same amounts. Any arbitrary amount sent at any time can always be rendered fundamentally indistinguishable (a mathematical proof is given in the white paper).
The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.
How does this compare to other anonymous solutions?
Ring signatures originate from the work of Rivest et al. in 2001 and the implementation in CryptoNote relies in particular on Fujisaki and Suzuki's work on traceable ring signatures. There are two other anonymity implementations currently available or in development. One is ZeroCoin/ZeroCash's use of zero-knowledge proofs. The others are based on gmaxwell's CoinJoin idea (such as mixing services for Bitcoin or the altcoin Darkcoin).
1. Comparison with ZeroCoin and ZKP-based approaches:
You can read about ZeroCoin and zero-knowledge proofs (ZKP) here. The ZK environment allows an anonymity set that includes everyone in the network because the validity of an output can be proven without knowing the corresponding public key until it is spent. The largest risk is that this is recent research-level cryptography that hasn't been subjected to years of cryptanalysis, so exploits may emerge down the road. Ring signatures are much simpler and more mature, with many peer-reviewed papers published over more than a decade.
Other issues with ZKP include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party. It also obscures the entire economy, not just sender/receiver identities. If the ZK system is compromised, then an attacker can continuously spend coins that don't exist using false proofs. This damage is hidden from everybody due to total blinding and consequently at any given time it's not possible to know if the network has already been compromised. There is a tradeoff between these inherent risks and the maximal anonymity set provided by ZKP. CryptoNote aims for a different balance through the dual layers of privacy provided by one-time keys and ring signatures.
