Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon - page 17. (Read 473520 times)

This is great news from dev team. Those screenshots look great, even if I'm not good in coding at all, but it is still news and proof that developers are delevering! Good work team! Thanks

While I am writing the whitepaper, I think instead of publishing it all at once when I finish, I will post it in parts, every 2-3 days, so community will get more details about the algorithm we use and logistics behind it. It is also an education process so people will understand what is a trustless system and why we need it. So expect 3 parts to be posted in this thread. I will prepare a pdf file with all parts together (the formal whitepaper).

All questions are welcomed, though I may not have time to answer all the questions. Because I still need to do testing on the code and fix bugs, and add bells and whistles etc.

Below is the first part on the SuperSend Trustless system. I will try to publish the next part in 2-3 days, maybe Monday/Tuesday time frame. Next parts will describe the overview and details of the algorithm.

==

SuperSend Trustless is an advanced p2p completely decentralized anonymous system. It belongs to Coinjoin category of the anonymous wallet. In this system all nodes (clients) are equal; there are no centralized or special nodes that hold more info than others. The coin transfer happens with the help of middle nodes that are randomly chosen. Mini-escrow is used with multisig address and transactions to ensure all the parties behave according to the transfer rules. This is a complete trustless system. The system is designed in a forceful way for all parties to behave correctly. If any party tries to cheat, he will lose more than his gain in the cheat.

Among all the online coin clients, if some minimum requirements are met (e.g. with minimum amount of coins in the balance, and with minimum 2 addresses in the wallet, etc), the node will advertise itself as a service node. Other nodes receiving the advertisement will add it to their service node list. There’s a limit in the service node list for each client (currently limited at 30). Any client can turn off the advertisement, if it does not want to be a service node. To turn off the service node advertisement, user just need to put a line in the config file. A service node will receive certain fee for each service it performs. Node not want to be service node can still receive other node’s advertisement and use the anonymous service, as long as it pays the service fee.

SuperSend Trustless makes heavy use of multisig technology. The sender of the coin will choose randomly 2 middle service nodes from his service node list to help the anonymous transfer. Among the two nodes chosen, one provides mix service, and another provides guarantee service. Why need 2 nodes? Because if there are any disputes between sender and mixer, it is up to guarantor to make a final judgment and then distribute the fund in the escrow accordingly.

Mixer is the node to mix the coins with his own, and send to destination. It is possible to have multiple mixer nodes, so to further obfuscate the transfer. At the current implementation, we use a single mixer node.

Guarantor is the one who will make the final judgment if any dispute between sender and mixer. If everything goes on well, Guarantor’s job is just to create multisig address and multisig transactions. It will not be involved in the signing processes of the multisig transactions in normal cases. But if there are disputes, the Guarantor will decide, based on the facts of the existing transactions, the outcome of escrow distribution. Of course, Guarantor cannot decide alone, he has to coordinate with another party (see below for the signing of multisig transactions).

We use a 2-of-3 multisig address for escrow. What is a 2-of-3 multisig address? It is an address that is created based on 3 public keys, each from Sender, Mixer and Guarantor, respectively. Remember, Sender, Mixer and Guarantor each hold the corresponding private key of the public key. Anyone is free to deposit coins to the 2-of-3 address. But in order to spend any fund from the address (i.e. send to another address), the transaction needs to be signed using at least 2 out of 3 private keys. Since the private keys are in different nodes, different nodes must willing to sign the same transaction before it becomes valid. In another words, the coins in that address cannot be spent by anyone alone, at least two of them should agree before the money can be spent.

==

Here's our update from dev team.

I have good news to report. I have finished the basic implementation of the p2p decentralized trustless anonymous system, and it works fine. With all the multisig addresses and transactions, it is a pretty complex system. Now it works end-to-end. In the next few days, we will provide a detailed schedule for testing and releasing the system (a rough schedule is below).

As far as I know, this is the first real p2p decentralized trustless anonymous system in coinjoin category. I am not sure for the crypto-note technology, it seems it is a good one, although it is a different technology and mainly for CPU. But for coinjoin category claims, I don't see any truly trustless system, and this is the first one.

Following is a quick screenshot from my desktop showing test log and some code.



The following is a rough schedule for the next few weeks, we will provide more details soon:

- A detailed white paper will be published in a few days, I should finish it before August 14. The white paper will contain details on the technology and algorithms we are using.

- Now to August 14 is dev team testing on trustless system, and also we will add bells and whistles to the code (especially for some error handlings).

- Alpha testing on real network of MammothCoin: August 15 - August 19. We decided not to use testnet as we have high confidence on our code, also our testing so far has been on the real network. We choose MammothCoin for initial testing as it has less traffic, so it is easier to fix initial bugs etc.

- Best testing on real network of SuperCoin: August 20 - August 24. With more robust code we move to SuperCoin. Both alpha and beta testings we will invite limited members of the community to participate the testing. These testing phases including all bug fixes.

- August 25, we will release p2p decentralized trustless anonymous system for both SuperCoin and MammothCoin.

Also, we don't release immediate the source code as they are too many copycats, but we plan to release the full source code 2 months after the system is released. So people with skills (and curiosity) will be able to inspect and review the code.

Stay tuned, we will provide more info in the next few days.

This

Also, I will need any any information you have that you would like included that is not on your website or the bit talk thread. I will need a 240 x 240 image to use for the ad on the sidebar. Also, I need a link to your YouTube video so I can embed it in the article. Once payment has been received the article will be published within two days and be sent out through all of my social media channels. Just let me know when you have sent payment and I can get started! Thanks

What exactly do you need CryptoBull to send to the guy?

Nice job bro,
I am waiting for the logos and whiteoaoer and what else he mentioned guys i am still moving maybe tomorrow i will finish,i am writing and doing the best i can but i am on the move
Moving arround refrigerator caoch clothes and everything
So just send them to me to email:
[email protected]
And i will do my part
we are going up baby

@CryptoBull delivery success
Status: 0/unconfirmed, broadcast through 2 nodes
Date: 8/10/2014 23:02
To: 15JvAMJNoB68dvsNqySC234M94WKFA1131
Debit: -0.12 BTC
Transaction fee: -0.0001 BTC
Net amount: -0.1201 BTC
Transaction ID: d7fb0d523dc756d448a627c5456edc6b82aa3675c0ac811927d6a984b9b1694e-000

0.119 btc left with 14k super un exchanged yet

my updates   please vote to 14

supercoin team i am waiting for your move bro :

On 10.08.2014, at 22:44, Drew Cordell <[email protected]> wrote:

Please send the .12 BTC to 15JvAMJNoB68dvsNqySC234M94WKFA1131

Also, I will need any any information you have that you would like included that is not on your website or the bit talk thread. I will need a 240 x 240 image to use for the ad on the sidebar. Also, I need a link to your YouTube video so I can embed it in the article. Once payment has been received the article will be published within two days and be sent out through all of my social media channels. Just let me know when you have sent payment and I can get started! Thanks


Send me the materials he asked so i can resend them and sent the 0.12 btc too so he can start please
 There is no easy way to the stars - My favorite latin wisdom

Looks like a good idea

This good idea we asked our designer to make new design for new thread.
I hope sometime today we will open it.

This good idea we asked our designer to make new design for new thread.
I hope sometime today we will open it.

Supercointeam/dev, perhaps we can also start a second (self-moderated) thread that we can use for all the recent posts and updates written here. It would be great for investors to have the important posts in 1 topic, for those who are unable to check this thread every day. This way you only have to write 1 link in the top of this thread that shows all recent important updates immediately. I would love to start one but I'm in New York for a week starting 23th august, a crucial time for Supercoin meaning I wouldn't be able to moderate it when SoD is being released...

We don't participate in paid articles. If your product is good and proves valuable to our fellow community members, I'm sure they'll be hearing about you.

Best of luck.

newsBtc


So this is their reply !!!!

What are you talking about Bro by backfire from the article? I didnt get that?
How can an article harm us? Everybody who i know involved in crypto are just measuring things in news and price,so we are fucked by does markers.
Are we going to have a promo or not ? I am trying to write with 10 sites an so far the quickest response was from the guy with 0.12 btc offer and those fuckers.

sorry for my tone but im pissed off by their reply,
We need supporters and people start talking about our future alt coin killer coin right?

Ok people say something do you what to lay him or not? If not ease somebody help me out with the other sites please.
I wrote all sites from the last post they were four and you choose we are community we must choose together.

Keep pushing

Yes trustless system is much bigger, those other coins claim to do it do not even understand what it mean... this coin needs better promotion. I feel the dev is excellent, but the promo is not as good. Need more marketing...