Nice to see you around Sy! All good?
Topic: CACHECOIN 2.0 - Community integration (Scrypt-Jane - PoW, PoS and PoN) - page 15. (Read 30559 times)
May 28, 2015, 01:35:58 PM
May 28, 2015, 01:13:45 PM
I'd also love to know if the PON will require collateral and if so, how much.
Thanks Vertoe.
Thanks Vertoe.
@MyFarm PoN requires no collateral except that your node must be running. There is no need for having a balance at stake for PoN to work.
I'm not sure about the details, but without collateral this could become a candy for botnet owners, this approach might be undesirable. I would prefer nodes to require collateral, it also ensures certain level of quality.
May 28, 2015, 11:43:59 AM
@myagui The PoN blocks will be generated by IP only. These blocks will of cause also contain coinbase transactions.
As PoN and PoS are alternating the next block will be PoS and here the PoN block is required - and verified again by the network. The node IP's are public anyway (P2P network!), I see no problem with using them to mine.
As PoN and PoS are alternating the next block will be PoS and here the PoN block is required - and verified again by the network. The node IP's are public anyway (P2P network!), I see no problem with using them to mine.
A couple of problems I had in mind, just the high level description, are that:
- by embedding the IP address of the mining node, any node with significant mining power becomes a well advertised target, for however long it maintains the same IP. I don't think we'd be exposing any information that was not previously available in other altcoin designs, but in effect, the blockchain itself becomes a resilient archive of past miner locations (IPs).
- as the latest PoN block verification requires a connection to the node that generated the block, network resiliency can be easily impacted, or otherwise cause disturbances to nodes running on domestic (aka, crappy) internet connections, which are many times limited to a very small number of active connections. When Node A mines a PoN block, it will be spammed with connections from every other network participant (who is trying to validate the block).
I'm not saying that the current approach is good or bad, just that - to me - it introduces some concerns since this is an entirely new feature, and with any new feature, there's a good chunk of unknown stuff (performance, security, scalability, etc...).
Cheers
May 28, 2015, 11:29:20 AM
I'd also love to know if the PON will require collateral and if so, how much.
Thanks Vertoe.
Thanks Vertoe.
@MyFarm PoN requires no collateral except that your node must be running. There is no need for having a balance at stake for PoN to work.
May 28, 2015, 11:28:42 AM
@vertoe:
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
@myagui The PoN blocks will be generated by IP only. These blocks will of cause also contain coinbase transactions.
As PoN and PoS are alternating the next block will be PoS and here the PoN block is required - and verified again by the network. The node IP's are public anyway (P2P network!), I see no problem with using them to mine.
May 28, 2015, 11:25:15 AM
Wallet shows that my 3 test transactions have 21 confirms but they are still not showing up at cryptsy.
I think it is a problem on craptsy's side. Try to contact their support.
May 28, 2015, 11:12:45 AM
Original wallet has an error that the transaction was rejected. Do I need to import the old wallet with the link provided on the OP?
-- Update --
After downloading and syncing the new wallet, the rejected test transactions from above show valid but after 3 confirms they are still not showing up on cryptsy. I sent a new test from the new wallet and that one is not showing up either.
Less than 4 hours to sync this new wallet which was pretty fast but transactions are extremely slow.
-- Update --
After downloading and syncing the new wallet, the rejected test transactions from above show valid but after 3 confirms they are still not showing up on cryptsy. I sent a new test from the new wallet and that one is not showing up either.
Less than 4 hours to sync this new wallet which was pretty fast but transactions are extremely slow.
Wallet shows that my 3 test transactions have 21 confirms but they are still not showing up at cryptsy.
May 28, 2015, 11:12:11 AM
I did some business with Vertoe and her Dark nodes back in the day. She was professional and honest. I'm in.
May 27, 2015, 09:31:16 PM
Original wallet has an error that the transaction was rejected. Do I need to import the old wallet with the link provided on the OP?
-- Update --
After downloading and syncing the new wallet, the rejected test transactions from above show valid but after 3 confirms they are still not showing up on cryptsy. I sent a new test from the new wallet and that one is not showing up either.
Less than 4 hours to sync this new wallet which was pretty fast but transactions are extremely slow.
-- Update --
After downloading and syncing the new wallet, the rejected test transactions from above show valid but after 3 confirms they are still not showing up on cryptsy. I sent a new test from the new wallet and that one is not showing up either.
Less than 4 hours to sync this new wallet which was pretty fast but transactions are extremely slow.
May 27, 2015, 06:51:01 PM
I'd also love to know if the PON will require collateral and if so, how much.
Thanks Vertoe.
Thanks Vertoe.
May 27, 2015, 04:42:37 PM
@vertoe:
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
Good question. It would be nice if the community could choose the number of CACHE for one node
May 27, 2015, 04:40:55 PM
@Vertoe
A couple of feature ideas:
* If you are going to take on anonymous transactions, ie take on Darkcoin / DASH / XMR / Zerocash, name change would be necessary, IMO.
* Having spent some time looking at torrent & crypto projects, this area looks like it has great potential to drive mainstream adoption and could also use a good anon currency alongside it, but the development work needs a good dev team to attack it professionally (e.g cache team).
Whatever the future brings, I'll hodl on to my stack and provide any support requested.
A couple of feature ideas:
* If you are going to take on anonymous transactions, ie take on Darkcoin / DASH / XMR / Zerocash, name change would be necessary, IMO.
* Having spent some time looking at torrent & crypto projects, this area looks like it has great potential to drive mainstream adoption and could also use a good anon currency alongside it, but the development work needs a good dev team to attack it professionally (e.g cache team).
Whatever the future brings, I'll hodl on to my stack and provide any support requested.
May 27, 2015, 04:22:49 PM
@vertoe:
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
Have you (or will you) consider making PoN rely on some other element, such as transaction data or some signing with the generating address private key, instead of IP addresses? IIRC, both Spreadcoin and Ziftrcoin use similar schemes to promote decentralization (more nodes), and I can see all sorts of potential hazards of using IP addresses.
Finally, will PoN operation have any balance requirements at all? (node must hold at least X amount of coins to generate blocks)
Cheers
May 27, 2015, 04:14:19 PM
Last chance for cheap cach
May 27, 2015, 04:13:58 PM
Oh wow, so they just killed the inflation and dilution dead in its tracks.
Somebody knows Econ 101. Haha, shocking how such few devs get basic value of money principles.
This next run should be good...
Somebody knows Econ 101. Haha, shocking how such few devs get basic value of money principles.
This next run should be good...
Reading 101
PoN
PoN and PoS work Hand in Hand starting with Block 100K.
Each Node has to have it is own IP to be able to mine and create Blocks. The Algorithm below show you the Concept, we will publish a Whitepaper and also a Proof of Concept soon.
seconds = ((first 4 bytes of as integer) sha256([node IP] [last blockhash])) * difficulty / (2 ^ 32) * (15 * 60).
This way, difficulty will adjust to about the number of nodes.
When the time has elapsed, the Node created a Block and send it to the Networks. Each node will confirm this Block by connection to the Block Creator Node.
(if not already within his Peers) - just to confirm the Block Hash.
PoN and PoS Blocks are altering, only the last PoN Block is verified by IP (as IP's might already be gone)
May 27, 2015, 04:12:53 PM
do it, vertoe is a great dev. Still waiting for news 
May 27, 2015, 04:10:34 PM
is that a good coin to start with? i'm quite new to this.
May 27, 2015, 04:09:14 PM
Looking forward to the whitepaper!!
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
Ending PoW at 100k?
What? We're already around 2 million I think.
Ending @ Block 100k
Now we are @ 86114
Oh wow, so they just killed the inflation and dilution dead in its tracks.
Somebody knows Econ 101. Haha, shocking how such few devs get basic value of money principles.
This next run should be good...
First correction
https://www.cryptsy.com/markets/view/CACH_BTC
Hodl your CACHE, people
May 27, 2015, 03:56:59 PM
Looking forward to the whitepaper!!
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
Ending PoW at 100k?
What? We're already around 2 million I think.
Ending @ Block 100k
Now we are @ 86114
Oh wow, so they just killed the inflation and dilution dead in its tracks.
Somebody knows Econ 101. Haha, shocking how such few devs get basic value of money principles.
This next run should be good...
May 27, 2015, 03:55:15 PM
Looking forward to the whitepaper!!
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
@vertoe: was ending PoW always planned at 100k? or is that new..? is there room for discussion to continue it longer? how will it change the final amount of coins in circulation?
Ending PoW at 100k?
What? We're already around 2 million I think.
Ending @ Block 100k
Now we are @ 86114
2M is not alot of coins... and since they are targeted at 15min, there are only 2880 blocks per month..... shouldn't PoW go longer then 100k?
edit: I guess I should wait for the whitepaper to find out what PoN (Proof of Node)? is like and how it will add to the circulation.
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