[CBT] CommerceBlock Decentralised Financial Infrastructure - page 15.

nicosey

full member

Activity: 347

Merit: 109

Quote from: Lock$mith on January 06, 2018, 08:06:13 AM

Quote from: omashi on January 05, 2018, 01:40:42 AM

Quote from: Lock$mith on January 04, 2018, 05:45:48 AM

Quote from: omashi on January 03, 2018, 12:03:26 PM

Quote from: lucasarab on January 03, 2018, 07:35:00 AM

I saw some news about lightning network recently, is this relevant to this project?

Yes it's, CommerceBlock sidechains are pegged to bitcoin network, so adding lightning network will be natural extension once the tech matures.

You mentioned there's no masternodes, but what is required other than a server to run a sidechain for payment in CBTs? Would it require a certain number of CBTs?

Yes, in order to run a sidechain participants need to hold and lock CBTs, the sidechains are PoS based. nodes running the sidechain will collect fees in CBT, in addition in the future will offer services that will run on top of sidechain to offer more advanced trade and commerce tools these services will collect CBTs as well.

Do you have any idea how many CBTs will be required to lock in for the side chain?

Nope, we have not finalised price discovery.

Lock$mith

member

Activity: 308

Merit: 11

Quote from: omashi on January 05, 2018, 01:40:42 AM

Quote from: Lock$mith on January 04, 2018, 05:45:48 AM

Quote from: omashi on January 03, 2018, 12:03:26 PM

Quote from: lucasarab on January 03, 2018, 07:35:00 AM

I saw some news about lightning network recently, is this relevant to this project?

Yes it's, CommerceBlock sidechains are pegged to bitcoin network, so adding lightning network will be natural extension once the tech matures.

You mentioned there's no masternodes, but what is required other than a server to run a sidechain for payment in CBTs? Would it require a certain number of CBTs?

Yes, in order to run a sidechain participants need to hold and lock CBTs, the sidechains are PoS based. nodes running the sidechain will collect fees in CBT, in addition in the future will offer services that will run on top of sidechain to offer more advanced trade and commerce tools these services will collect CBTs as well.

Do you have any idea how many CBTs will be required to lock in for the side chain?

omashi

jr. member

Activity: 54

Merit: 10

Quote from: Lock$mith on January 04, 2018, 05:45:48 AM

Quote from: omashi on January 03, 2018, 12:03:26 PM

Quote from: lucasarab on January 03, 2018, 07:35:00 AM

I saw some news about lightning network recently, is this relevant to this project?

Yes it's, CommerceBlock sidechains are pegged to bitcoin network, so adding lightning network will be natural extension once the tech matures.

You mentioned there's no masternodes, but what is required other than a server to run a sidechain for payment in CBTs? Would it require a certain number of CBTs?

Yes, in order to run a sidechain participants need to hold and lock CBTs, the sidechains are PoS based. nodes running the sidechain will collect fees in CBT, in addition in the future will offer services that will run on top of sidechain to offer more advanced trade and commerce tools these services will collect CBTs as well.

Lock$mith

member

Activity: 308

Merit: 11

Quote from: omashi on January 03, 2018, 12:03:26 PM

Quote from: lucasarab on January 03, 2018, 07:35:00 AM

I saw some news about lightning network recently, is this relevant to this project?

Yes it's, CommerceBlock sidechains are pegged to bitcoin network, so adding lightning network will be natural extension once the tech matures.

You mentioned there's no masternodes, but what is required other than a server to run a sidechain for payment in CBTs? Would it require a certain number of CBTs?

omashi

jr. member

Activity: 54

Merit: 10

Quote from: lucasarab on January 03, 2018, 07:35:00 AM

I saw some news about lightning network recently, is this relevant to this project?

Yes it's, CommerceBlock sidechains are pegged to bitcoin network, so adding lightning network will be natural extension once the tech matures.

CommerceBlock

copper member

Activity: 29

Merit: 10

Thanks again to all who took part in the bounty program. The bounty tokens will be distributed on 19th January when the token sale allocation is unlocked.

Also a reminder for those interested in joining the CommerceBlock team we are hiring now - check out https://angel.co/commerceblock/jobs for more information or join the team on telegram https://t.me/commerceblock

Lock$mith

member

Activity: 308

Merit: 11

Quote from: woogod on January 03, 2018, 02:25:12 AM

Quote from: fedmahnkassad on January 02, 2018, 11:34:33 AM

Have you submitted CBT to coinmarketcap already? I would love to follow the progress there and see how the market reacts. All in all I view CBT as a long term hold, but still

Yeah same here, looking forwards to tracking CBT's progress on CMC

And Blockfolio! Although at the moment it's a nice surprise forgetting about CommerceBlock when look at portfolio then remembering I have moar tokens Cheesy

lucasarab

newbie

Activity: 6

Merit: 0

I saw some news about lightning network recently, is this relevant to this project?

nicosey

full member

Activity: 347

Merit: 109

For those interested, we are hiring, https://angel.co/commerceblock/jobs

woogod

member

Activity: 94

Merit: 10

Quote from: fedmahnkassad on January 02, 2018, 11:34:33 AM

Have you submitted CBT to coinmarketcap already? I would love to follow the progress there and see how the market reacts. All in all I view CBT as a long term hold, but still

Yeah same here, looking forwards to tracking CBT's progress on CMC

CommerceBlock

copper member

Activity: 29

Merit: 10

Quote from: fedmahnkassad on January 02, 2018, 11:34:33 AM

Have you submitted CBT to coinmarketcap already? I would love to follow the progress there and see how the market reacts. All in all I view CBT as a long term hold, but still

It's in progress

CoinMarketCap requires the official CBT token registered on EtherDelta... this has been submitted so awaiting their action (although they are probably a little busy with their ICO!). Once the CBT ticker is officially registered on EtherDelta and the daily trading volume exceeds $50k the CoinMarketCap application will be complete

fedmahnkassad

hero member

Activity: 840

Merit: 500

Twitter: @FedKassad

Have you submitted CBT to coinmarketcap already? I would love to follow the progress there and see how the market reacts. All in all I view CBT as a long term hold, but still

omashi

jr. member

Activity: 54

Merit: 10

Quote from: Lock$mith on January 01, 2018, 04:48:30 PM

Quote from: omashi on January 01, 2018, 03:28:21 PM

Quote from: Mikesol on January 01, 2018, 03:19:43 PM

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

As it's a PoS based system does that mean there might be CBT masternodes in future too?

We don't have that, sidechains will be managed by federation of functionaries, PoS is used for two purposes signing blocks and evolving consensus rules on the network.

Lock$mith

member

Activity: 308

Merit: 11

Quote from: omashi on January 01, 2018, 03:28:21 PM

Quote from: Mikesol on January 01, 2018, 03:19:43 PM

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

As it's a PoS based system does that mean there might be CBT masternodes in future too?

omashi

jr. member

Activity: 54

Merit: 10

Quote from: lucasarab on January 01, 2018, 03:30:41 PM

Quote from: omashi on January 01, 2018, 02:58:21 PM

Quote from: Lock$mith on January 01, 2018, 02:50:03 PM

Quote from: lucasarab on January 01, 2018, 02:28:36 PM

Quote from: flip909 on January 01, 2018, 12:59:25 PM

Quote from: lucasarab on January 01, 2018, 06:17:15 AM

Quote from: omashi on December 30, 2017, 09:13:13 AM

Quote from: lucasarab on December 28, 2017, 04:45:07 AM

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong Cheesy

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

This is another advantage, privacy is a challenge in Ethereum in general since it's account based with no confidentiality at all.
CommerceBlock sidechains offer better privacy in several aspects, one is confidential transfers where the amount and asset type is blinded, second is the ability to embed external data into addresses in private manner using BIP175.

What is BIP175?

BIP175 is proposal that we have submitted last year to the bitcoin community, it is based on academic paper Pay to Contract and Homomorphic Addresses, the BIP is an extension to the Hierarchical Deterministic Wallets protocol (BIP32), it adds support to associate data to bitcoin address, here is more info about it github.com/bitcoin/bips/blob/master/bip-0175.mediawiki
We have built a simple invoicing app to demonstrate this concept, you can access it here https://trade.commerceblock.com

lucasarab

newbie

Activity: 6

Merit: 0

Quote from: omashi on January 01, 2018, 02:58:21 PM

Quote from: Lock$mith on January 01, 2018, 02:50:03 PM

Quote from: lucasarab on January 01, 2018, 02:28:36 PM

Quote from: flip909 on January 01, 2018, 12:59:25 PM

Quote from: lucasarab on January 01, 2018, 06:17:15 AM

Quote from: omashi on December 30, 2017, 09:13:13 AM

Quote from: lucasarab on December 28, 2017, 04:45:07 AM

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong Cheesy

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

This is another advantage, privacy is a challenge in Ethereum in general since it's account based with no confidentiality at all.
CommerceBlock sidechains offer better privacy in several aspects, one is confidential transfers where the amount and asset type is blinded, second is the ability to embed external data into addresses in private manner using BIP175.

What is BIP175?

omashi

jr. member

Activity: 54

Merit: 10

Quote from: Mikesol on January 01, 2018, 03:19:43 PM

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

omashi

jr. member

Activity: 54

Merit: 10

Quote from: motionerror on January 01, 2018, 03:05:24 PM

ICO went very smoothly, thanks for the updates on your blog posts & telegram.

When do you plan to launch the first set of sidechains

We're planning to launch by end of Q2 this year.

Mikesol

newbie

Activity: 50

Merit: 0

Any plans for mining this coin?

motionerror

jr. member

Activity: 76

Merit: 7

ICO went very smoothly, thanks for the updates on your blog posts & telegram.

When do you plan to launch the first set of sidechains

Topic: [CBT] CommerceBlock Decentralised Financial Infrastructure - page 15. (Read 18545 times)