Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 66. (Read 578501 times)

A few interesting things worth noting about the block explorer:

Withdrawal limit update transactions are correctly displayed in the explorer. For example if you look at the transactions associated with this address you'll see that the withdrawal limit has been changed several times. When changing the withdrawal limit on an address you'll still need to pay a transaction fee (this is to help prevent DoS attacks).

The other interesting thing I wanted to point out was the genesis block. You'll notice that it contains a single transaction with no inputs and one output which sends the total coin supply to "the coinbase account" (aka CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL). If you take a look at the transactions associated with that address you'll notice it's a list of every block reward ever paid out to miners.

In 99% of other altcoins, the block reward is sort of "minted" when the block is solved, the coins aren't sourced from anywhere, there is no input. However, unlike all those other altcoins, Cryptonite has a concept of balances, that is what the trie.dat file is, it's a list of all non-empty addresses in the network and their balances. The inputs and outputs simply point to addresses in that balance sheet, instead of pointing to other transactions as they do in most other altcoins.

When a block is mined in Cryptonite, the block reward is actually subtracted from the balance of the coinbase account, and that is why the transaction in the genesis block sends the total coin supply to the coinbase account. The address for the coinbase account does not have a known private key because it's derived from a public key hash consisting of all 0's. But even if the private key was discovered it still couldn't be used because it's only allowed to make coinbase transactions.

Since transactions don't have inputs and outputs which link together like in other altcoins, there is no reason to store old Cryptonite transactions. ALL transactions can be forgotten after some period of time (it's a week in Cryptonite), there is no reason we'll ever need to go back and find unspent outputs, because in some sense all Cryptonite transactions instantly become "spent" after they are applied to the balance sheet / account tree.

Nah that guy only got 1 or 2 million if I remember correctly. I don't think he has all of it in a single address anymore.

That must be the person refered to in the faqs https://bitcointalksearch.org/topic/m.8196634

But since the tiniest percentage of coins were created early, the opposite of instamine I guess, that person has to keep mining/buying heavily to stay on top.
 

I believe that is a Bter exchange address.

http://explorer.cryptonite.info/?address=CeRad61n2RprFzywneKAkYN9bwFBu4yW2H wow!

Great job bitfreak!

Ok we now have a block explorer running at: explorer.cryptonite.info

Between bter and poloniex there are more than 11btc of buy orders above 600.

If any more buyers show up something is probably going to break.

This is like when you are walking on a rural traintrack and you feel a rumble.

It spits out some logs with printf (without timestamps) so they do not end up into debug.log. And I didn't want to post the 2 MiB log file.

Okay, I ran -resync and it synced ok this time!

You will need to have cryptonited running on your server and you'll need to set up a cron job. Other than that it's fairly simple.

I have a hosting account with regular websites but am not a tech person and do not know any code stuff. Is it practical for me to consider trying to put it on my host or is it something that requires tech knowledge?

You need to try and run with -resync option. Or delete the the data folder and try again. If your sync procedure goes from header to blocks to trie and then all of a sudden back to 7 days behind then you really need to start over. Typically a good block has been marked invalid and this will prevent it from ever recovering.

Your logs is too short to see why the good block was marked invalid. It only shows the downloading of half of the trie. That could I guess be the problem but it would be best to rule out other possibilities with more log.

does not sync

Downloading headers... 7 days behind
9 connections, tried to sync for 17 hours already.
spits out "Finalize Node" every now and then.

I was recently informed of this highly misinformed article and thought I should respond to some of the comments made by the author.

Let me make something absolutely clear, this coin is not intended to be a pump and dump like 99% of other coins. This project is like my child, it has taken something like 2 years to get the mini-blockchain scheme from a concept into a reality and I would never abandon it. I created the mini-blockchain scheme because I believed that the scalability issue was one of the major factors hindering the long term success of cryptocurrency. I've spent more than 20BTC out of my own pocket to pay for the development of this coin because I truly believe that this scheme will help take cryptocurrency technology to the next level, able to last long into the future and support a high rate of transactions without getting bogged down by a massive blockchain. I was deep in the negative before we even released Cryptonite, and it's extremely unlikely I will ever make all of my money back. I'm not doing this for the money despite what people may think.

There is a wiki, a white paper, and a video.

Actually there is such a thing as creating confidence in low-confirmation transactions, including 0-conf transactions. If the withdrawal limit prevents an address from being emptied in a short amount of time then you can clearly have much more confidence in transactions coming from a limited address. The wiki explains why and how it works in more detail.

Actually that is my real name, well my real initials and my real last name. But even if it wasn't my real name why the hell would it matter? Satoshi is anonymous and Bitcoin is still trusted. Some people like their privacy, deal with it.

Interesting, could not get the wallet to re-sync, i've deleted the blockchain and try to do a full resync now.

thanks for the heads up

perhaps if bitfreak could talk to moolah @ mintpal and get in on the exchange, since he is accepting genuinely innovative coins. or everyone tweet @moolah_io and @MintpalExchange

this exchange would bring alot of volume and almost guarantee the great success of cryptonite!

lets do this!

mintpal v2 is to be released tomorrow night.

Good job!
I will see if I can't throw one up somewhere. Thanks for the efforts.

Ok block explorer is complete: https://github.com/MiniblockchainProject/MiniExplorer

Keep in mind that you will need the full blockchain for it to work properly. I have uploaded a copy of the blockchain here (it should contain all blocks up to about 85150). The other thing to keep in mind is that it will take quite some time to process the blockchain the first time you run parse_txs.php. I have uploaded some pre-processed db files here. Extract those files into the db folder before you run parse_txs.php. The explorer doesn't have an API yet but I plan to add one. I think we have a VPS server that we can run the explorer on but I would appreciate it if someone else could also run a Cryptonite block explorer.

Here are some screen shots:

Home Page: http://postimg.org/image/oboflxk2b/
Block Details: http://postimg.org/image/ixpneduc3/
Address Details: http://postimg.org/image/mg1narv83/
Transaction Details: http://postimg.org/image/tyksjemkz/

EDIT: I forgot to mention that the inc/config.inc.php file needs to be edited after you finish the installation process.

Yeah. Looks like they are way out of sync.