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Topic: [ANN][MAMM] MammothCoin | TRUSTLESS WALLET UPDATED! V.3.1 (Mandatory) - page 46. (Read 181584 times)

sr. member
Activity: 381
Merit: 250

I kinda forgot my reddit log in and i couldnt be bothered to make another one. To the point!

What is anonymous features?

Anonymous features hide the traces of the transaction. So basically when you want to send from A to B, instead of showing in the blockchain explicitly a transaction showing A-B, it may show A->X, then Y->B, where X, Y are some random addresses (at least from a large address pool). Of course the transaction can be further obfuscated, such as you can split the sending amount to several parts, and apply the above for each part. This way, it is virtually impossible to trace the real transaction. So it protects your privacy.

Some people asked for details of our plan and implementations, here are some information on it. I'll use question/answer format to give details. Please post more questions if you have, the dev team will do our best to answer them.

Q: What is the overall plan for MammothCoin to support anonymous features?

A: Our ultimate goal is to create a peer-to-peer and completely de-centralized anonymous system. This is shown in the following diagram. Any node can become an intermediate "mixing" node, if some minimum requirements are satisfied. There is no central control parts. Everything is peer-to-peer and de-centralized.


Remember that this is a trustless system, any node may cheat if it can.

In order to achieve these goals, we divide our work into two steps:
   
Phase-1: To achieve anonymous wallet with a simplified, and easy to implement system.
Phase-2: To implement a fully decentralized peer-to-peer anonymous system.

What is an anonymous system? Simply put, it is a system that people can not trace clearly the transactions from the blockchain, and see where the transaction really originated and where it is terminated. This protects people's privacy.

So why we don't go directly to our end-goal? This is because from our surveys and investigations, it is very complex and difficult to achieve a completely decentralized anonymous system. The key here is the "trust". When you do A->X->B, where X is some sort of the middle "mixer" node, the send or sign or commit of A->X and X->B (or its equivalent, such as a double-signed address, mini-escrow, etc), can not completely happen simultaneously, the one side (sender or Mixer-node) that has the last act can always cheat, though sometimes the cheat does not give the cheater benefits, but it can cause damage to the other party. Therefore, a complete trustless system is more difficult to be implemented (though it is possible - we'll discuss some more below).
 
For this reason, in phase-1 we decided to develop a system that will depend on some sort of the trust, it is much easier to implement, and will give people the anonymous feature. This trust will be done through the dev team, or a credible mining pool.

Q: What is your Phase-1 solution?
A: Our initial anonymous solution will involve some middle trusted mixing pools. This is shown in the following diagram below:


The mixing pools will be hosted initially by dev team, and can also be hosted by credible mining pools. The anon send will be directed to these mixing pools by wallet and mixed and then send to its destination.

Basically it is done like this:
A (source) -> {Xi} (i = 1, ..., m), then {Yi} (i = 1, ..., n)->B (destination)
where {Xi} and {Yi} are randomly chosen addresses from a large pool of addresses (belonging to a mixing pool,
and these addresses are periodically refreshed, phased out, and created).

The source amount from A is split randomly into m parts (for now we choose m = 2,3 or 4 randomly in the anon version we will release for testing, but it will be a configurable parameters later), they are sent to m random addresses in randomly chosen mixing pool. The pool, on confirming the amounts received, will send the same amount in n parts to the destination (for our testnet we choose n=1, again this can be changed and configured).
The result transaction is not traceable (at least extremely difficult to trace, given the large number of addresses in the mixing pool and dynamism of the addresses).

The main part of our phase-1 solution is implemented, and we will release a version for testnet shortly.

Q: Sounds good, is mixing pool software and coin wallet client two different softwares?
A: Absolutely not. They are exactly the same. It is the SUPER coin wallet. Eventually this will be used for peer-to-peer system (in phase-2), so no reason to be different. Now we configure only a few special nodes as trusted nodes. Once we implement the trustless system in phase-2, no special config is needed.

Q: What is a trust system, and what is a trustless system?
A: A trust system will have at least one node that everyone trusts. This node will never cheat. Other nodes may or may not cheat.
A trustless system is that any nodes will cheat if they can. So to implement a trustless system it is more difficult as you have to implement mechanisms to prevent or discourage a node to cheat. If a node cheats, it will lose much more than it gains.

Q: Can you give some details on the mixing pool?
A: OK, it is basically a wallet client, with a pool feature configured as shown below.


An array of the incoming/outgoing addresses are created and refreshed dynamically, and randomly chosen for each transaction. Incoming and outgoing addresses balance their coins with predefined algorithms.

Q: Looks good for Phase-1. What about Phase-2? Is it feasible?
A: Phase-2 is absolutely feasible, albeit more difficult. We actually already defined a workable scheme, and work on
details now. It involves a complex system with multi-signature (m-to-n signature) addresses and multi-signature transactions. We can not reveal more details now. We will publish the full scheme design details after we implement, test and release it.
The Phase-2 will be built on top of the Phase-1 codebase. In phase-2, any node (wallet client) can become an intermediate mixing node if it satisfy some minimum requirements (e.g. minimum balance, network connectivity etc).


This should explain to people what MammothCoin and SuperCoin are trying to do. From what i understand DarkCoin only uses the technology which we call Phase 1. Phase 2 is the additional anon features, truly anonymous.

legendary
Activity: 1554
Merit: 1044
we should see the price climbing up to atleast 5k very very soon. mark my words

newbie
Activity: 23
Merit: 0
we should see the price climbing up to atleast 5k very very soon. mark my words
newbie
Activity: 39
Merit: 0
I hope everybody happy now. Phase 2 target is very real and will change the level of security in altcoins. We are progressing well on the target as it's explained here https://bitcointalksearch.org/topic/m.7823606 by supercoin team.

You may think that it's easy to develop p2p features but it's in fact real complex tasks to progress. It requires a lot of experience and courage and various technical skills and time. For example you can be a great "c" developer but you may have no idea on network and security.

This anonymity area was too much hyped before in many altcoins and dev teams.  It's very understandable to decide good coins under this heavy inflation of cryptos hard, and getting harder.

We can see now combined forces team brings about great results. And we exchange some of experiences and coding time with supercoin team leaders. Mammothcoin has its own reasons to be like to remind us lost beauties of the world. And i believe it is in more in communication with world.

The end result of our dedicated works will be better future for all of us.  

How security important why we care this much on anonymous send?

Let's say there is a Bitcoin wallet address with a lot of Bitcoins in it. And random bad guy want to get access this wallet. He can collect a lot of data on blockchain about this wallet and track the node IP its on and follow what or when he is doing Bitcoin transfers. The rest will be depended the nodes security level and the hackers technical skills. Those node environments with standard security settings are most of time open to the hacking. And the security of nodes can decrease with exploits found anytime.  

This is why blockchain data has to be secured and we must go one step further with p2p anonymity. This is a real good thing for also investors community to support such coins and real dev teams. Because the job is mostly protects people who do currently businesses or want to do business at increased security. Wise people don't act in risky environments unless they have no choice. This is the current situation.

The other aspect of the matter, governments or authorities may act more as the middle-man between sender and receiver. Why Mr. Joe send this coins to Mr James? Why there is middle-man? And where is left our basic human right called "privacy"?

Think of the matter, you will see the picture with me.

Let's keep up work.


Excellent news! That's what I've been talking about. Something fresh, something valuable, something that restores trust and motivates the community and possible new investors. Good job!

Thank you! And yes, let's keep up work.
legendary
Activity: 1554
Merit: 1044
member
Activity: 112
Merit: 10
I hope everybody happy now. Phase 2 target is very real and will change the level of security in altcoins. We are progressing well on the target as it's explained here https://bitcointalksearch.org/topic/m.7823606 by supercoin team.

You may think that it's easy to develop p2p features but it's in fact real complex tasks to progress. It requires a lot of experience and courage and various technical skills and time. For example you can be a great "c" developer but you may have no idea on network and security.

This anonymity area was too much hyped before in many altcoins and dev teams.  It's very understandable to decide good coins under this heavy inflation of cryptos hard, and getting harder.

We can see now combined forces team brings about great results. And we exchange some of experiences and coding time with supercoin team leaders. Mammothcoin has its own reasons to be like to remind us lost beauties of the world. And i believe it is in more in communication with world.

The end result of our dedicated works will be better future for all of us.  

How security important why we care this much on anonymous send?

Let's say there is a Bitcoin wallet address with a lot of Bitcoins in it. And random bad guy want to get access this wallet. He can collect a lot of data on blockchain about this wallet and track the node IP its on and follow what or when he is doing Bitcoin transfers. The rest will be depended the nodes security level and the hackers technical skills. Those node environments with standard security settings are most of time open to the hacking. And the security of nodes can decrease with exploits found anytime.  

This is why blockchain data has to be secured and we must go one step further with p2p anonymity. This is a real good thing for also investors community to support such coins and real dev teams. Because the job is mostly protects people who do currently businesses or want to do business at increased security. Wise people don't act in risky environments unless they have no choice. This is the current situation.

The other aspect of the matter, governments or authorities may act more as the middle-man between sender and receiver. Why Mr. Joe send this coins to Mr James? Why there is middle-man? And where is left our basic human right called "privacy"?

Think of the matter, you will see the picture with me.

Let's keep up work.





GREAT NEWS! glad to hear things are progressing well.  now if we can get others to notice us is the next big venture.  any chance at adding another exchange! i would love to see this on cryptsy
sr. member
Activity: 336
Merit: 250
i can't sync my 2.0 wallet  any thoughts?
i made a config file and nothing Huh

FIXED  Cool
full member
Activity: 336
Merit: 101
KoinPro
I hope everybody happy now. Phase 2 target is very real and will change the level of security in altcoins. We are progressing well on the target as it's explained here https://bitcointalksearch.org/topic/m.7823606 by supercoin team.

You may think that it's easy to develop p2p features but it's in fact real complex tasks to progress. It requires a lot of experience and courage and various technical skills and time. For example you can be a great "c" developer but you may have no idea on network and security.

This anonymity area was too much hyped before in many altcoins and dev teams.  It's very understandable to decide good coins under this heavy inflation of cryptos hard, and getting harder.

We can see now combined forces team brings about great results. And we exchange some of experiences and coding time with supercoin team leaders. Mammothcoin has its own reasons to be like to remind us lost beauties of the world. And i believe it is in more in communication with world.

The end result of our dedicated works will be better future for all of us.  

How security important why we care this much on anonymous send?

Let's say there is a Bitcoin wallet address with a lot of Bitcoins in it. And random bad guy want to get access this wallet. He can collect a lot of data on blockchain about this wallet and track the node IP its on and follow what or when he is doing Bitcoin transfers. The rest will be depended the nodes security level and the hackers technical skills. Those node environments with standard security settings are most of time open to the hacking. And the security of nodes can decrease with exploits found anytime.  

This is why blockchain data has to be secured and we must go one step further with p2p anonymity. This is a real good thing for also investors community to support such coins and real dev teams. Because the job is mostly protects people who do currently businesses or want to do business at increased security. Wise people don't act in risky environments unless they have no choice. This is the current situation.

The other aspect of the matter, governments or authorities may act more as the middle-man between sender and receiver. Why Mr. Joe send this coins to Mr James? Why there is middle-man? And where is left our basic human right called "privacy"?

Think of the matter, you will see the picture with me.

Let's keep up work.



legendary
Activity: 1554
Merit: 1044
member
Activity: 73
Merit: 10
member
Activity: 112
Merit: 10
I had a feeling that was your 180k that dumped this morning... Bad timing to say the least.  I'm exited for phase two! Not sure what you all are complaining about.  Dev has continued to deliver once again

Just a promise, we will see what the future holds. If I could believe it I would be all in on Mamm. My faith is not restored, just keeping my toe in the water but not going for a swim.

hmm ok well dev has set the roadmap you were all clamoring for and it seems very solid.  not to mention the website looks great and now we have a irc chat! we are staged for the next big boom.  we got some catching up to do with cloak coin Smiley

can you deny the dev had not said anything for a while so the dev team could buy up cheap ass coins... i meaqn if youre fine with that then good for you... but alot arent... good luck either way
Thing is, can you with 100% certainty say he did?
Ofc good luck to you too
thing is i dont need 100% to know.... its clear manipulation... of course it happens but you should keep it transparent with comm... ive been here since the begining and i gues i just didnt like how the devs handle their buisness... of course we are all in for money... but they had a 1.5 premine... isnt that enough? lool i will hold and my mmy btc.. couldnt careless bout this coin.. i once defended it till the end but it started smelling funy

and thanks alot good luck to you too

so many young coins get pushed and pulled up and down charts early in there live because it is so easy to do. anyone with a couple grand and a good knowledge of how to trade can do it.  try taking .1btc and go play with a dead market sometime.  i helped revive zedcoin a while back just playing around.  you must base a coins value on the devs and how often they deliver and without hiccups not the price at first.  prices dont make a good coin good devs do and our dev seems to be really good at implementing things so far.  sometimes it is better to think long term.
sr. member
Activity: 252
Merit: 250
The premine is 37500 out of 25000000, of which a lot is being used on bounties. I don't really see the problem. If the dev buys into the project with it's btc it's their right to do so just like anybody else.

If you check the blockchain from the start you would see nothing out of the ordinary happened.

He delivered what he said he would so far, didn't do anything outrageous with the premine. So in my opinion it's a good solid coin with a good dev who just isn't that talkative.

its fine you are entitled to your opinion... and i cant disagree about most of your points apart from premines which is why i invested.. i just dont like premines in general but hey we trade in an alts world that is full of it lol. i didnt feel how the devs were moving recently and thats my opinion
sr. member
Activity: 381
Merit: 250
The premine is 375000 out of 25000000, of which a lot is being used on bounties. I don't really see the problem. If the dev buys into the project with it's btc it's their right to do so just like anybody else.

If you check the blockchain from the start you would see nothing out of the ordinary happened.

He delivered what he said he would so far, didn't do anything outrageous with the premine. So in my opinion it's a good solid coin with a good dev who just isn't that talkative.
sr. member
Activity: 252
Merit: 250
I had a feeling that was your 180k that dumped this morning... Bad timing to say the least.  I'm exited for phase two! Not sure what you all are complaining about.  Dev has continued to deliver once again

Just a promise, we will see what the future holds. If I could believe it I would be all in on Mamm. My faith is not restored, just keeping my toe in the water but not going for a swim.

hmm ok well dev has set the roadmap you were all clamoring for and it seems very solid.  not to mention the website looks great and now we have a irc chat! we are staged for the next big boom.  we got some catching up to do with cloak coin Smiley

can you deny the dev had not said anything for a while so the dev team could buy up cheap ass coins... i meaqn if youre fine with that then good for you... but alot arent... good luck either way
Thing is, can you with 100% certainty say he did?
Ofc good luck to you too

thing is i dont need 100% to know.... its clear manipulation... of course it happens but you should keep it transparent with comm... ive been here since the begining and i gues i just didnt like how the devs handle their buisness... of course we are all in for money... but they had a 1.5 premine... isnt that enough? lool i will hold and my mmy btc.. couldnt careless bout this coin.. i once defended it till the end but it started smelling funy

and thanks alot good luck to you too
sr. member
Activity: 381
Merit: 250
I had a feeling that was your 180k that dumped this morning... Bad timing to say the least.  I'm exited for phase two! Not sure what you all are complaining about.  Dev has continued to deliver once again

Just a promise, we will see what the future holds. If I could believe it I would be all in on Mamm. My faith is not restored, just keeping my toe in the water but not going for a swim.

hmm ok well dev has set the roadmap you were all clamoring for and it seems very solid.  not to mention the website looks great and now we have a irc chat! we are staged for the next big boom.  we got some catching up to do with cloak coin Smiley

can you deny the dev had not said anything for a while so the dev team could buy up cheap ass coins... i meaqn if youre fine with that then good for you... but alot arent... good luck either way
Thing is, can you with 100% certainty say he did?
Ofc good luck to you too
sr. member
Activity: 252
Merit: 250
I had a feeling that was your 180k that dumped this morning... Bad timing to say the least.  I'm exited for phase two! Not sure what you all are complaining about.  Dev has continued to deliver once again

Just a promise, we will see what the future holds. If I could believe it I would be all in on Mamm. My faith is not restored, just keeping my toe in the water but not going for a swim.

hmm ok well dev has set the roadmap you were all clamoring for and it seems very solid.  not to mention the website looks great and now we have a irc chat! we are staged for the next big boom.  we got some catching up to do with cloak coin Smiley

can you deny the dev had not said anything for a while so the dev team could buy up cheap ass coins... i meaqn if youre fine with that then good for you... but alot arent... good luck either way
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