Topic: [KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 2. (Read 127548 times)

UPDATE: MANDATORY

PLEASE UPDATE YOUR LINUX CLIENTS AND WALLETS to v2.2.0.1

KOBO wallets for all Mobiles and Desktop OS are also available on Coinomi
https://www.coinomi.com/en/asset/kobocoin/



MANDATORY - Client Updated to v2.2.0.1

• Github Release page - https://github.com/kobocoin/Kobocoin/releases/tag/v2.2.0.1
• Github - https://github.com/kobocoin/Kobocoin/

- Resolves syncing issues experienced recently by introducing checkpoints on the blockchain.
- The Windows/Mac wallet build is in progress. This initial source release is to help service providers Cryptoid (explorer) and Coinomi (wallet) get past their current issues. I will also inform YoBit of the new code release.

New staking nodes added

To help secure the integrity of the blockchain, there are now 4 new KOBO nodes staking 24x7. I'll be adding more staking nodes over time:

• node1.kobocoin.com : 78.129.130.192
• node2.kobocoin.com : 95.154.194.58

Follow-Up

• CryptoID Block Explorer is now fully synced - https://chainz.cryptoid.info/kobo/
• Coinomi wallet is now fully synced - https://www.coinomi.com/en/asset/kobocoin/
• YoBit exchange has been informed of the update. Maintenance Request submitted
• Kobocoin website tidied up to remove dead exchanges, add info, and look more generic - https://kobocoin.com

Right now we're in a lot healthier position than a lot of projects that started around the same time. We're still on CMC (it's a big thing now!) and awareness has grown a lot in 2020. It may all be quiet on the surface but there's still work going on behind the scenes. KOBO is now recognised as part of the African crytpo landscape. In fact, as small a project as we currently are, we're punching well above our weight compared to other cryptos trying to get a foothold in mobile finance in Africa. Very many crypto aware Africans are now holding KOBO. With the new 4 staking nodes the blockchain is now a lot more secure and efficient.

One of the major problems we have is (still) exchanges. I have to be honest here. I do get requests from exchanges wanting to list KOBO. They all expect some sort of listing fee in the thousands of $$. I've already been burnt by paying for listings on exchanges that now no longer exist (e.g. Cryptopia). I can't be doing that forever. I'm reaching out to the exchanges to list KOBO but they generally want loadsa $$ for even a basic listing. I understand the exchanges operating costs. I know they need to make a profit. Poor BTC / LTC / ETH devs must have spent a fortune getting listed!

I'll keep pushing. We're getting there slowly, but we're still in the race, AND we're a recognised contender.

TT

 

UPDATE

MANDATORY - Client Updated to v2.2.0.1

PLEASE UPDATE YOUR LINUX CLIENTS AND WALLETS (Windows/Mac wallets to follow)

• Github Release page - https://github.com/kobocoin/Kobocoin/releases/tag/v2.2.0.1
• Github - https://github.com/kobocoin/Kobocoin/

- Resolves syncing issues experienced recently by introducing checkpoints on the blockchain.
- The Windows/Mac wallet build is in progress. This initial source release is to help service providers Cryptoid (explorer) and Coinomi (wallet) get past their current issues. I will also inform YoBit of the new code release.

New staking nodes added

To help secure the integrity of the blockchain, there are now 2 new kobo nodes up and running and staking 24x7:

• node1.kobocoin.com : 109.169.81.72
• node2.kobocoin.com : 95.154.192.152

UPDATE

Issue

I've investigated what's going on with the KOBO blockchain. There's no quick answer as to what's occurred here. My current thinking is that there are multiple forks existing right now because of the very low transaction volume. It happens...

Proposed Solution

• I've spoken with CryptoID (https://chainz.cryptoid.info/kobo/) and Coinomi (https://www.coinomi.com/asset/kobocoin/). We've agreed that the client needs to be updated.
• The updated client will use an updated checkpoints file to point all clients at the right chain (up to block 2575000). This is not the solution used in the newer v20 bitcoin codebase, but kobo is still at a much earlier codebase, so it's a valid solution until kobo is upgraded. While transaction volume is low, it may require regular client updates (maybe every 6 months) to maintain blockchain integrity.
• I'll build 2x kobo nodes in the cloud (one with a koboseeder - https://github.com/kobocoin/koboseeder) for 24/7 operation. This should help. I used to have 3 cloud nodes running when the android wallet was in use but I discontinued them once we got onto Coinomi. They're not cheap!
• Update Github and inform community, CryptoID, Coinomi, and YoBit (if they'll listen) to update their clients.

This should hopefully resolve the issue. I should have github updated by the end of this week (I want to test locally before uploading). I'll then be in contact with Coinomi and CryptoID to update and regen their blockchains, and hopefully have the 2x new nodes fully operational by the end of next week (Sept 12th).

My block height while writing this is 2575909

TT

2575909

what's your block height ?

So it looks  like there's definitely an issue with the blockchain. I'm looking into what the issue is and how to resolve it. At the same time, my wallet is fully synced and staking (more slowly than usual but still working).

Thanks for bringing this to my attention. I'm able to sync my desktop wallet (it's syncing slower than normal but it's working). I can also stake. I'll look into it over the weekend.
 

looks like the chain stopped and/or forked

Hey Felix, seems a quiet summer for Kobocoin, how are the buses and van advertising going, have you had much feedback yet, any more pictures in action?

Have to say not we have not had much luck with exchanges, www.coinexchange.io are closing down soon and everyone must make withdraw by December 1st but at least they have not been hacked and are doing it honestly by the looks.

Regards.
Mammoth

As soon as the vinyl is applied to one of the buses I will post further pics. I want to get pics of the buses in town and market settings. It will be good for publicity and community growth. These will be on public buses that transport people. These are not 'roadshow' buses. Three buses and one saloon car will be wrapped. We might try and make deals with more cab firms to get wider coverage but this will be a 6 month test.

This is all possible thanks to Panashe Tapera, previously with Golix, and now Head of Growth for Kobocoin.
https://www.linkedin.com/in/ptapera/

Panashe on YouTube:
https://www.youtube.com/watch?time_continue=12&v=rUjy8NoiZDU

He is already an invaluable part of the future growth of Kobocoin.

We are now working together to grow the kobo community. He's done good stuff so far. Without him on the ground the bus advertising idea would never have gotten off the ground.

There's also a new monthly newsletter that visitors to the website can sign up to.

Wowzers Felix! You have been busy behind the scenes, I saw you trying to get your account back on another thread and figured it might be a lost cause, well done it can't have been easy, and double well done for that Kobocoin Minivan, I thought it was just a photoshop job when I saw it in your twitter feed and not a real van with a real engine that can actually move around Africa promoting our favourite coin, nice one
I am seriously looking forward to your next update.

Regards,

Mammoth

Also, I have started updating the OP. It had lost all images because I went to https and couldn't edit it while my account was hacked. I'll be using more screenshots of the website etc so it's more up to date.

Legit, and identity theft resolved!

I have finally got back my original account that got hacked 2 years ago  

First things first. Sorry about Cryptopia. Beyond my control. I also lost KOBO and BTC. I would suggest that you use Golix or Coinexchange. Once the new initiative is rolled out I will start to look for other exchanges.

There's still some negative trust (showing a red thread if you're not logged in). This is because other members were kind enough to flag the account as being hacked and these flags need to be removed. One user has already removed the negative trust. I'm pushing for the other two guys to do the same.
https://bitcointalk.org/index.php?action=trust;u=168257

I'll soon have a nice update for you all that involves some Kobocoin branded buses that will be in an African capital city sometime soon.

I wonder how much they lost? Maybe the project will not get back on its feet and will work as usual. This is all hidden and silent.

 https://www.grantthornton.co.nz/press/press-releases-2019/cryptopia-limited-appoints-grant-thornton-as-liquidators/


 David Ruscoe and Russell Moore from Grant Thornton New Zealand were yesterday appointed liquidators of Cryptopia Limited, a New Zealand cryptocurrency exchange based in Christchurch.
The highly publicised hack of Cryptopia’s exchange in January 2019 had a severe impact on the company’s trade. Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was in the best interests of customers, staff and other stakeholders.
The liquidators are focused on securing the assets for the benefit of all stakeholders. While this process and investigations take place, trading on the exchange is suspended

Kobocoin is a decentralised peer-to-peer digital currency and micro payment system. It was created by Felix Onyemechi Ugoji, a Nigerian entrepreneur and developer based in the UK.


https://bitcoinafrica.io/2017/07/16/meet-africas-blockchain-startups-kobocoin/

Never heard of this project, is it legit? What happened with the identity theft?

KOBO is back! .. now trading @ Cryptopia.

Users who are not logged in see a big red warning sign here. A good move after the identity theft incident.

Maybe it's time for a new thread?