Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon - page 168. (Read 473520 times)

Specifications
X11
PoW/PoS Independent
3 Transaction Confirmations (Very Fast Transactions - 1 Minute On Average)
50 Minted Block Confirmations

PoW
90 second PoW Block Time
Diff Re-target Each Block For PoW
Initial Payout Will Be 512 Coins Per Block
True Randomness, No Cheating From Miners With Big Hashpower

PoS
20 Second PoS Block Time
Diff Re-target Each Block For PoS
minimum hold for PoS: 1 day
Maximum Hold For PoS (Over Which Coin-Day No Longer Accumulated): 60 Days
Variable PoS Payout:
- 1st Year:  100%
- 2nd Year: 50%
- 3rd And Subsequent Years: 1%

SuperBlocks(PoS) (1 Year)
Every 3 Hours There Will Be A Block With 4X Normal Payment (Initial 2048 Coins)
Every Day There Will Be A Block With 16X Normal Payment (Initial 8192 Coins)
Every 5 Days There Will Be A Block With 128X Normal Payment (Initial 65536 Coins)
Initial Block Payout (512 Coins/Block) Will Last 20 Block-Day.
Then 256 Coins/Block For 5 Block Days.
After PoW Block 24000 The PoW Block Generation Will Be Completely Shut-Off. The Coin Will Become Pure PoS.

1 Chance In 5 Million Coin-Day (About 0.5 - 3 Times Per Day Depends On The PoS Generation),
That A SuperBlock(PoS) Of 1024 Coins Are Added On Top Of Your Regular Generated PoS Stake.



Coin Supply
Total PoW Coins Will Be 14.3 Million.
Total Coins (Including PoS) Will Be About 45 Million.

IPO
2.5 Million SUPER

Premine
Zero Premine (Except For Mini-IPO)

"SuperCoin aims to be exciting and high rewarding for it's users,
with both PoW SuperCoin bonus blocks and PoS SuperCoin bonus blocks.
SuperCoin really is SUPER!"

Whitepaper

How-To Guide

If you use non-windows OS then update to latest v1.4.2 SuperCoin wallet
(added latest checkpoints & improved some performances)
Download v.1.4.2 (Mirror Link 1)
Download v1.4.2 (Mirrow Link 2)
MAC Download v1.4.2

Blockchain fork issue resolved, please make sure you sync to the right blockchain
Please check explorer (http://cryptotrends.info/SUPERCOIN) for the correct latest block number.

Latest versions are v2.1.2 for Anonymous Wallet version and v1.4.2 for non-windows OS. These versions have the latest checkpoints and other small fixes. They are not mandatory upgrade, but if you are on a wrong block chain please upgrade to the latest version and re-sync from scratch using the addnodes below.

If the coin amount differs, then use repairwallet command in console.

Explorer works (http://cryptotrends.info/SUPERCOIN) it's on the correct blockchain, you can check against it to see if you need re-sync or not.

Use the following addnode to sync:

Anonymous Feature Explained
Release: 27th June 2014

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 SuperCoin 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).

Road Map
Restoration website.
Updating 4 Social Media Channels.
Social media marketing.
Multipool paying with SUPER.
Phase 2 solution in testnet.
News & Media Contacts.
Shopping API.
Android wallet.
Web wallet.
More media marketing.
Anonymous Credit cards.
Phase 2
Phase 3 Restoration of QT's with increased security

Multipool
Official SUPER Multipool Coming Soon!

Client Configuration
Note: You can try to use fresh nodes if you can't sync.

Initial Nodes

Initial Nodes: Apply them in supercoin.conf
Directory
Windows: AppData\Roaming\SuperCoin
MAC: ~/Library/Application Support/SuperCoin
Download supercoin.conf File Here (unzip and put in the SuperCoin directory)

SuperCoin Launch
24th May 2014 6 PM GMT 0

F.A.Q

Do we support Tor?
Yes.

How can I use TOR in SuperCoin Wallet?
Follow this tutorial

Error with the new wallet - blkindex.dat failed loading
Make sure you use latest version (v1.4.2) - Fix here

I can't sync the wallet - no connection?
Download supercoin.conf File Here (unzip and put in the SuperCoin directory)
Windows Directory: AppData\Roaming\SuperCoin
MAC Directory: ~/Library/Application Support/SuperCoin

Who is the real SuperCoin? I see another SuperCoin here
We are two totally different projects, our SuperCoin is based on asic resistant X11, we have the first time in history PoS SuperBlocks, truly random and real separation of PoW & PoS, and also our PoS structure is the most unique in altcoin history. Both projects may have a similar name but totally different developers and products.

Where will IPO be used?
The proceeds of the IPO will be used to finance the coins development, website/servers, marketing/promotions and maintenance/enhancements of the coin.

What is true random?
True random is to prevent some of the miners who use some script tools to estimate future rewards and mine only by these estimations. True random prevents it.

What is SuperBlock?
 Block with many coin. You get a normal block first, then if it is a superblock, you get another reward so Reward+basic block reward = superblock.

How to Mine X11?
Click Here

What is PoS?
Wikipedia article on Proof of Stake(PoS) Here

Specifications
X11
PoW/PoS Independent
3 Transaction Confirmations (Very Fast Transactions - 1 Minute On Average)
50 Minted Block Confirmations

PoW
90 second PoW Block Time
Diff Re-target Each Block For PoW
Initial Payout Will Be 512 Coins Per Block
True Randomness, No Cheating From Miners With Big Hashpower

PoS
20 Second PoS Block Time
Diff Re-target Each Block For PoS
minimum hold for PoS: 1 day
Maximum Hold For PoS (Over Which Coin-Day No Longer Accumulated): 60 Days
Variable PoS Payout:
- 1st Year:  100%
- 2nd Year: 50%
- 3rd And Subsequent Years: 1%

SuperBlocks(PoS) (1 Year)
Every 3 Hours There Will Be A Block With 4X Normal Payment (Initial 2048 Coins)
Every Day There Will Be A Block With 16X Normal Payment (Initial 8192 Coins)
Every 5 Days There Will Be A Block With 128X Normal Payment (Initial 65536 Coins)
Initial Block Payout (512 Coins/Block) Will Last 20 Block-Day.
Then 256 Coins/Block For 5 Block Days.
After PoW Block 24000 The PoW Block Generation Will Be Completely Shut-Off. The Coin Will Become Pure PoS.

1 Chance In 5 Million Coin-Day (About 0.5 - 3 Times Per Day Depends On The PoS Generation),
That A SuperBlock(PoS) Of 1024 Coins Are Added On Top Of Your Regular Generated PoS Stake.

https://i.imgur.com/yLbgjf8.jpg

Coin Supply
Total PoW Coins Will Be 14.3 Million.
Total Coins (Including PoS) Will Be About 45 Million.

IPO
2.5 Million SUPER

Premine
Zero Premine (Except For Mini-IPO)

"SuperCoin aims to be exciting and high rewarding for it's users,
with both PoW SuperCoin bonus blocks and PoS SuperCoin bonus blocks.
SuperCoin really is SUPER!"

Whitepaper

How-To Guide

If you use non-windows OS then update to latest v1.4.2 SuperCoin wallet
(added latest checkpoints & improved some performances)
Download v.1.4.2 (Mirror Link 1)
Download v1.4.2 (Mirrow Link 2)
MAC Download v1.4.2

Blockchain fork issue resolved, please make sure you sync to the right blockchain
Please check explorer (http://cryptotrends.info/SUPERCOIN) for the correct latest block number.

Latest versions are v2.1.2 for Anonymous Wallet version and v1.4.2 for non-windows OS. These versions have the latest checkpoints and other small fixes. They are not mandatory upgrade, but if you are on a wrong block chain please upgrade to the latest version and re-sync from scratch using the addnodes below.

If the coin amount differs, then use repairwallet command in console.

Explorer works (http://cryptotrends.info/SUPERCOIN) it's on the correct blockchain, you can check against it to see if you need re-sync or not.

Use the following addnode to sync:

Anonymous Feature Explained
Release: 27th June 2014

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 SuperCoin 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).

Road Map
Restoration website.
Updating 4 Social Media Channels.
Social media marketing.
Multipool paying with SUPER.
Phase 2 solution in testnet.
News & Media Contacts.
Shopping API.
Android wallet.
Web wallet.
More media marketing.
Anonymous Credit cards.
Phase 2
Phase 3 Restoration of QT's with increased security

Multipool
Official SUPER Multipool Coming Soon!

Client Configuration
Note: You can try to use fresh nodes if you can't sync.

Initial Nodes
Initial Nodes: Apply them in supercoin.conf
Directory
Windows: AppData\Roaming\SuperCoin
MAC: ~/Library/Application Support/SuperCoin
Download supercoin.conf File Here (unzip and put in the SuperCoin directory)

SuperCoin Launch
24th May 2014 6 PM GMT 0

F.A.Q

Do we support Tor?
Yes.

How can I use TOR in SuperCoin Wallet?
Follow this tutorial

Error with the new wallet - blkindex.dat failed loading
Make sure you use latest version (v1.4.2) - Fix here

I can't sync the wallet - no connection?
Download supercoin.conf File Here (unzip and put in the SuperCoin directory)
Windows Directory: AppData\Roaming\SuperCoin
MAC Directory: ~/Library/Application Support/SuperCoin

Who is the real SuperCoin? I see another SuperCoin here
We are two totally different projects, our SuperCoin is based on asic resistant X11, we have the first time in history PoS SuperBlocks, truly random and real separation of PoW & PoS, and also our PoS structure is the most unique in altcoin history. Both projects may have a similar name but totally different developers and products.

Where will IPO be used?
The proceeds of the IPO will be used to finance the coins development, website/servers, marketing/promotions and maintenance/enhancements of the coin.

What is true random?
True random is to prevent some of the miners who use some script tools to estimate future rewards and mine only by these estimations. True random prevents it.

What is SuperBlock?
 Block with many coin. You get a normal block first, then if it is a superblock, you get another reward so Reward+basic block reward = superblock.

How to Mine X11?
Click Here

What is PoS?
Wikipedia article on Proof of Stake(PoS) Here