Topic: [ANN][XCN] Cryptonite - NEW Thread | 1st mini-blockchain coin | Bounties! - page 37. (Read 215807 times)

The "proof chain" essentially consists of block headers without transaction information. See this explanation.

There is a regularly updated full blockchain snapshot in the OP of this thread. (This one is from 2018-04-02).

Me too. In the next days I'll resync the wallet and then we could fix a date for the tests. It would be cool, however, to set up a testnet for that - I don't know if this is easy or not, maybe someone of the devs and veterans can help.

I think that would mean a major rewrite as XCN doesn't use PoS at all, as far as I know.

I'm still curious about this test we had to do, about elastic and efectivness of network.
This coin with a bit of a dusting and mobile wallet, could actually work, and be a quite strong competitor to something like Nano. Tho, PoW at some point imo should be phased out what do you think?
If block time would be 30sec, it would be even better. But if flexible block size work, 60sec is enough, just a bit of dusting off interface, and maybe those mobile wallets, some graphics etc. Mainly design work.

Do you know how I can download this 'proof chain' with the whole transaction history? Thanks.

The Bitcoin blockchain currently has a maximum of about 2 MB per block, or 288 MB per day (6 blocks per hour * 24 hours). Cryptonite's mini-blockchain, as far as I know, saves the transactions of about one week.

So the blockchain would have a static size of about 2 GB (in contrast, Bitcoin's blockchain size is about ~160 GB). This value would only increase if there is a higher transaction density. Additionally there is the proof chain, which is relatively small, but grows over time.

2,x GB is ... almost nothing for today's computers, and the reason why I'm supporting Cryptonite

I just installed the Cryptonite wallet and synchronized to the network by downloading the blockchain. I'm very positively surprised that I could download the whole blockchain in a matter of minutes. And this for a coin from 2014, so with 4 years of transaction history. This project could actually be succesful. One question though: How large would the Cryptonite blockchain be when it had the same amount of transactions as bitcoin?   

Yeah, seems that the project is on the right track.

100% agree. After all, a successfull currency should always be fungible (if I remember the word correctly), i.e. a stolen coin shall be absolutely identical in value and usage to a non-stolen one. It would do much more damage to instill doubt about the value of any of the currently circulating coins!

One could argue that these coins were forged but there's no way to tell them apart, ergo they're all 100% legit. And by blacklisting the bad coins, we wouldn't revert any of the hacker's illegal gains or our distributed losses.
So right now, we simply have a case of temporary rapid inflation which has been fixed long ago. Let's move on!


* https://dickolsson.com/what-is-fungible-currency/

very well said, i agree completely.



This is great news!  so exciting to see members of the community come together and bring XCN back to life!

Wanna join, contact me plz

I hope so among other things.

#sekker

something like that, the important thing is that soon we will see more activity.

#sekker

bitfreak gave Pallas cryptonite domain?

Great news! New website, more exchanges will be next step?

We are very happy to announce that we are working on a new restructuring of the website of cyptonite.info. This work should be finished in a few days, please stay tuned!

#sekker

i think we should ask aex to corporate with us about those coins. I think aex freeze many of that extra coins before hacker sells them and if aex don't corporate with us we cant do anything about it and we should accept many of those coins probably sold out to people and we cant freeze their coins. but When I offered a swap i didnot just for freezing extra coins.i said after coin swap We can make a good site facebook twitter and etc and more importantly we can find out how many supplies do we have. that hack happened few mounts ago and still we dont know how many coins entered to circle someone saying 120m someone 250 300 400 ... and still i dont know the amount of total supply and its not trustable for buyers holders and exchanges.

For those who think that they know ...

You don't.

- You don't know where the funds are.
- You don't know who had them.
- You don't know who has them.
- You don't know where they have been moved.
- You don't know what has been done with them.
- You most CERTAINLY don't know what to do with them without ALL of those things above substantiated. Which is impossible.

Burn or no burn. Location of no location of funds. Move or no move of funds. This is a moot exercise. Wastage of valuable time of the dev, and of those involved with the tracking of the funds is beyond me. Why would you even bother when all you will do is undertake the proverbial dog chasing his own tail.

The stolen (NOT hacked) coins are mixed in with the rest of the legitimately accrued funds in the XCN ecosystem. Let it be. It is done. Like having stolen cash circulating in our own pockets, you can be sure the money you have in your own pocket has already passed many hands, with a high percentage that YOUR legitimately owned cash notes and coins has been through the pockets of thieves also. So be it. Let it go.

The whole concept of the CryptoIndustry is to monetize AND 'anonymize' the hands, let alone a coin like XCN that focuses on anonymity.

Seriously people - let it be and move on. Devs have MUCH more important things to do than chase ghosts like this. For those that don't want to participate in the project and network, don't! Simple.

#crysx

Many developers create new coins only to seek their private interests, and hope that Cryptonite is not.

I explained the mini-blockchain to BTC38 again:
"Hello, thank you very much for your information, we will try."
At least they are trying to make it work fully, and not enabling the wallet without having all the transactions accredited

Not sure it's possible as I believe they were moved, but we can investigate it.
For sure a coin swap would burn part of those funds but its real effectiveness can't be easily estimated.

Maybe we should consider burning away all the coins that are still in aex?
Can be done tehnicaly?
I know they are also legit coins and users there, but they got new coins at aex swap two months ago.
And aex constantly ignored our tickets and pallas messages.