Topic: [ANN][ZEN] Horizen: Unbounded By Design - page 121. (Read 217223 times)

WOW hard forking without implementation of asic resistance thats a peace of work right there.

https://pbs.twimg.com/media/Da-tkdTXkAEZl3T.jpg

https://i.imgur.com/XeZ0rta.png

devman

This fork will implement block reward changes  10% 10% 10% 70% as you can see on first picture.

Full implementation of this application system with Super Nodes is expected to be launched in Q4 of 2018 with a prototype available for testing at the end of Q3.

https://zencash.com/assets/files/Zen-Application-Platform-Whitepaper.pdf

OK I am impressed. I have been a fan of Zen for a while now, but this upcoming transformation is really mind boggling, I have to say. Is there any infos of the time all this transformation will need?

I thought it would help everyone understand the reasoning behind the change.  The initial estimate was end of May and now it is beginning of July so it is not too big a slip.The hard fork need to be after the  deprecation of the current version as it affects full wallets, nodes, pools and exchanges.

is zenmine.pro pool down?

No, he was realistic, no one is safe from ASIC, it is matter of time.. Rolf is also middle sized miner, don't forget this.
We are monitoring and evaluation next steps. We don't have an official statement at this moment.

ZenCash is collection of products and services..We are not focused only on private transactions..

ZenCash have 10k Secure Nodes online and most decentralized and resilient network and this is fact. Those are not ordinary nodes. They have specific hardware and security requirements. All comunication between nodes, wallet and nodes is crypted.

Super Nodes will encircle this story :

The two major improvements Super Nodes bring are to transition tracking and payments on-chain, or within protocol, a major change from the current system where such functions are executed on external server clusters; and the introduction of sidechaining elevates the ZenCash system from a pure cryptocurrency to a platform on which an unbounded set of services can be built. The value proposition of the system then becomes more than the utility of the currency, but now includes the utility of all future services that will be layered onto our infrastructure. A small sampling of such services which are already in planning include a distributed file storage system (ZenPub), a secure messaging system (ZenChat), a computation-for-rent system akin to AWS’s Lambda Functions (ZenGrid), zero-delay payments (InstantZen), and a decentralized exchange (ZenXchange) with a fully-collateralized price-stable asset called ZenUSD (USDZ).

without doubt anonymity is a boon for all foreign exchange traders, I'm more interested in how they react to the anonymity of the countries that are fighting with blokchain precisely for this reason, in a number of countries you will not be allowed to exist

been minig on it for 5 days now & still no payment..

How many coins do I have to buy to set up my own node?

And could you please let me know the hardware requirements for setting it up?

certainly not a huge amount of resources. Its been done a few times already and it was the right move. The only acceptable response to ASIC for a project like ZEN is a fork and anything else is a coward move/decision.
I dont even understand why the fork isnt already announced.

For large decisions that can have significant effects, I like to do a worst case/best case exercise. Identify the worst outcome of a decision, and balance it against the best case of the decision. It helps to actually quantify things in doing this as well.

Furthermore, part of this decision should be reviewing what the goals of the ZenCash project are and how the decisions to be made are consistent with the goals.

There are people making hardware purchasing decisions about this, and if too much of the entrenched hashrate comes from miners running ZenCash ASIC's then over time there will be a group of people wanting to maintain that hashrate. Making a decision on the direction to go is something that should be made withing a reasonable time period.

Choices under discussion so far that I have seen:

Do not change ZenCash Equihash algorithm
Modify the ZenCash Equihash algorithm to require more memory by changing parameters
Change the ZenCash algorithm to a different one already in use
Change the ZenCash algorithm to a completely new one
One of the things I have noticed as a cryptocurrency miner is that the cryptocurrency that is the first to have a new algorithm in many cases becomes the lead of that mining class. It may be because the ones that have their own algorithms also have developers that continue to create and improve the cryptocurrency, so it may be more due to the long term effect of active developers, and the same effect could be obtained by continued active development on the project.

The thing is moving to asic resistance is possible but it would require huge amount of resources(modfiing zen,modifing securenodes,modifing pools) modifing nearly everyting related to zen. It is possible but it will push Supernodes and other zen projects behind by years.

are the equihash asics available for purchase anywhere?

The thing is moving to asic resistance is possible but it would require huge amount of resources(modfiing zen,modifing securenodes,modifing pools) modifing nearly everyting related to zen. It is possible but it will push Supernodes and other zen projects behind by years.

This new miner is either an FPGA with on board RAM (quite likely) or a full blown ASIC with some kind of very fancy (and expensive) linked memory module.
If it's an FPGA we're dealing with, finding an algorithm that you couldn't just reprogram the FPGA to mine will be extremely difficult. If it's an ASIC, the task of creating some kind of incompatibility by modifying or switching algo's would obviously be considerably easier.

Problem is, we have no technical specs for the Z9 so we could potentially put a load of effort into something that would only take a few days to reconfigure the Z9 to mine...

So I think we should spend some time trying to figure out what we're actually up against before trying to formulate a plan.

wow, that was both sad and pathetic. What a coward...

XMR did the right thing and I just dont understand why ZEN wont do the same thing.

wow, that was both sad and pathetic. What a coward...

XMR did the right thing and I just dont understand why ZEN wont do the same thing.