Topic: [ANN][ZEN] Horizen: Unbounded By Design - page 114. (Read 217252 times)

Blockchain and Cryptocurrency Innovations from Consensus 2018



https://www.nasdaq.com/article/blockchain-and-cryptocurrency-innovations-from-consensus-2018-cm965521

Perfect plans for future changes in algorithm of ZenCash, MedaR.
The health status of ZenCash network (of course, it's the same situation for all altcoins) depends on ability to deal with or better to prevent replay attacks. Those sort of attacks might create serious damages to networks. And, ASICs are amongst the most dangerous threads in mining industry, because of its potential to build up dominant hashrates from massive mining farms.
Again, thanks for your plans to change Zencash's algorithm, MedaR.

I get where you're coming from, although buying votes with Zen would be very costly, and isn't really in the spirit of supporting a 'community coin'! Binance is essentially getting the listing fee of a 'popular' coin by going through this voting process. Every vote costs 0.1 BNB, which in USD is about $1.50. This is returned to Binance and adds an additional utility to BNB on top of the reduced exchange fees.

Really instead of coin developers paying for the listing fee, all the users who want the coin listed and are voting are paying the listing fee. Each of those 0.1 BNB adds up quickly!

Unfortunatly as I have seen in the Crypto Community... They do nothing for Free
Reward each unique Voter with a Zen or Two and see Zen get Listed on Binance like in Yesterday
It sucks, but it is true.

I cannot agree more, MedaR.

This is a WISE decision, Sir.  VERY WISE!!!

If ZEN were to wait to fork towards the end of the year, it would have been too late in my opinion.  I was seriously thinking about selling my rigs and do nothing but trading.  This announcement you've made has made me slow my roll and hang in there.  I was about to get depressed after all this work I've done with my mining room.

ASIC's will still push a lot of GPU miners away from Equihash Algorithm coins that do not fork soon just as ZEN is doing.  This will drive up the difficulty of other coins [Including ZEN] and push out GPU miners with high power rates.  This COULD turn out to be a blessing in disguise for ZEN by pushing GPU miners over to ZEN from ZEC and other Equihash coins that do not fork soon.

This will still get messy for GPU miners.  I kind of wish it was a coordinated effort by every Equihash coin out there except ZEC.  As far as I'm concerned, ZEC can snuggle up to ASIC all they want.  I'm DONE with them!  Mainly because of Zooko.  They can fork every day to maintain ASIC Resistance from this day forward.  That's STILL not going to get me to go back.

Whenever ZEN gets around to making an announcement with a DATE OF A FORK, don't be surprised if we see 51% attack just before those dates.  The alt-coin networks are about to get extremely vulnerable to BITMAIN if developers of Equihash coins do not get their act together like ZEN and allow BITMAIN to take control of their coins.

Thank you, ZEN, for being a leader and not a follower in regards to ASIC Resistance.  Making the decision to jump on this as soon as possible will be great for ZEN and enlarge community.  That's the goal...

EDIT:  sharing a valid comment someone made in another forum:

Potential Equihash Algorithm Change Preparation

Modifying ZenCash to use Equihash-144-5 is doable, and the software development team has started identifying the specific work that would need to be done in order to create and test this change. It would be a Hard Fork change, and for optimal success of the Hard Fork, it would be best to implement such a proposed change as quickly as reasonably possible before too many ASIC miners take over the hashrate of ZenCash.

https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=re+bitmain

Can anyone pls comment on official ZEN statement on ASICs and changing algo to ASICs resistant, but in a short quick way.
whats the TLDR version?

Thanks.

I like the ideas behind the ZenCash secure nodes to maintain the health of ZenCash network.

Very impressive statistics on current total secure nodes in the ZenCash network. More than 11k active secure nodes at the moment.

It is good to hear from you about plans to make forks as efforts from ZenCash team to deal with ASIC from Bitman company, MedaR.

Of course, I will spend my time to discover a little bit deeper about the ZenCash project later today when I got home.

ZenCash Statement On Potential Equihash Algorithm Change




https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=re+bitmain

Check reaction of community  
https://www.reddit.com/r/ZenSys/comments/8i9xgr/zencash_statement_on_potential_equihash_algorithm/




https://blog.zencash.com/mining-decentralization/


ZenCash Mandatory Software Upgrade & Staking Date Change


https://blog.zencash.com/mandatory-software-upgrade-timeline/

is zencash change for put-off the new asics?
when fork in algorithm will happen?

Interview with Luca Cermelli, ZenCash Country Manager in Italy

https://www.youtube.com/watch?v=u3YwX5Z5g28

This is Zen




https://www.youtube.com/watch?v=xJcrzNjLfLQ

Thank you for the very descriptive explanation.

It seems to be more of a Binance team decision to put a coin up for nomination if they think it is a long term project with community interest (and will therefore generate more votes, which cost BNB). Given that zencash has already had two shots and getting listed through the 'Community coin' channel, my guess is that Binance won't be in a rush to give it a third shot.

I think zencash developers with Binance may be more inclined to try again for Zencash when it has forked for supernodes and the later fork away from Asics, along with other improvements through zenpub etc as then there will be some 'new' things to market and push for more votes.

A lot of the winners of Community coin are fairly new projects that are listed on very few exchanges, so there is more of a push for listing from coin followers. So the fact that zencash is already on a few exchanges and has been around for a while may make it more difficult to get a listing through this path. However cryptopia isn't working properly for zencash, and other exchanges have their own bugs so that's another reason why I vote for zencash to be listed as part of the Binance community coin process.

I created an account on OKEx about 9 months ago.  There were so many issues with instability at the time that I didn't bother trading there.  I may end up trading ZEN at Cryptopia Exchange.  Especially, if they do not request for personal information.

I'm planning on taking the majority of my coins OFF EXCHANGE(s) some time during the month of August.  I plan on holding onto them REGARDLESS of what occurs with the price action on exchanges.  The reason I say this, is my concern for the current global financial and economic system.  I'm expecting a recession at a bare minimum to begin some time in September or October; just before the mid term elections in the U.S.  We may ultimately fall into a depression.  Or even worse, a total collapse of the FIAT (Financial) system.  If that occurs, it's probably not a bad idea to have your coins off exchange just before this.  Especially, if the banks shut down and FIAT fails.  

Many exchanges that allow trade in actual US dollars may have issues if the banks fail because many may have FIAT in a bank they were holding for those who transferred FIAT to the exchange.  If the bank the exchange uses to hold FIAT that's transferred to the exchange actually failed, everyone who transferred FIAT to that exchange [but have not bought crypto with it yet] MAY LOSE THEIR OPPORTUNITY TO BUY CRYPTO with that FIAT they transferred to the exchange if that bank closed due to insolvency.  The exchange will basically end up sending everyone an email informing them about the bank they did business with shutting down and not having access to the FIAT everyone had transferred to the exchange.  That would be a MAJOR ordeal.  It has me concerned to say the least.

So, this is my warning to fellow ZENNITES to protect themselves for the potential of this occurring.  Just don't leave much crypto on the exchanges during the month of September and October.  We might be in for a rough ride.

Thanks!  Much appreciated...

Before my mining room remodel began, I was normally sitting at my trading desk with four monitors 12 to 18 hours DAILY [7 days a week].  I used to post updates with charts on many coins daily.  So much so that some who followed me would stopped because of all the email notifications they were getting from my updates.  

I'm looking forward to getting back to trading full time once again after the mining room remodel is completed.  This may take 9 more days or less.  Then, I have to get back in touch with people at https://tradunity.com to work on a deal.  They asked if I would join their team of experts.  I may have already told you this.  Not sure...  That may take a few more days of my time to work out some kind of deal with them as a member of their "Team of Experts."

Whenever I post updates in the future for ZENBTC, I'll be sure to notify everyone here with a link to those updates.

Any idea how to get a vote going once again?

This is true, and this is why community engagement is also very important. Support from community is crucial for success.

We need more exchanges - more is better! I won't involm myself in discasion which one is better or provides better service, this is up to you.
 More important is diversity of services and better distribution.
We are on OKEx (OKEX is one of the few crypto exghanges which offers a stand alone desktop platform) and this is also one of the biggest exchanges,
but yes it would be lovely to get on Binance too.

Binance had Zencash as a 'Community coin of the month' option - twice - and it didn't get the votes needed from the community for the discounted listing. So it has had the opportunity to be listed, but for whatever reason, didn't pull enough votes from people like us.

It could still get listed through the regular channels, but obviously it would be more costly for zencash and might take longer.