Topic: ** LAUNCHED ** CredaCash -- The Most Private Cryptocurrency in the World - page 15. (Read 10537 times)

CredaCash mining update:

Since the start of mining, 23 million units of currency have been rewarded to miners.  There are 177 million units remaining to be rewarded.

Over the past hour, an average of about 3460 mint transactions have been submitted to the network every minute, and one block has been produced every 18 seconds.  That means if your computer can generate 34 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.74 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 22 million units of currency have been rewarded to miners.  There are 178 million units remaining to be rewarded.

Over the past hour, an average of about 3470 mint transactions have been submitted to the network every minute, and one block has been produced every 17.9 seconds.  That means if your computer can generate 34 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.74 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 21 million units of currency have been rewarded to miners.  There are 179 million units remaining to be rewarded.

Over the past hour, an average of about 3270 mint transactions have been submitted to the network every minute, and one block has been produced every 18.4 seconds.  That means if your computer can generate 33 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.81 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

Can you provide a breakdown table with:

a) total max supply
b) supply at the end of initial PoW mining
c) Amount miners get at the end of initial PoW mining (b)
d) Amount (sum) any other entity gets at the end of initial PoW mining (b); c+d = b
e) Detailed break down of entities in "d" and how much they are getting

Copying a wallet data file (the *.ccw file) from one computer to another and using it on both is not recommended.  The better practice is to generate a new wallet for each computer, and to send funds between them as necessary.

A CredaCash wallet generates a new address for each transaction in order to ensure privacy.  If you are using the same wallet file on two computers simultaneously, each wallet may only report transactions and balances for addresses that it generates.

In CredaCash nomenclature, we use the terms destination and address.  An address is what shows up on the blockchain, just like bitcoin, and it is different for every transaction.  When you send a payment, you tell your wallet to send it to a particular destination, and your wallet knows how to generate a new unique address that belongs to that destination.

This all "just works", and you don't have to pay attention to the difference between destinations and addresses as long as you don't try to copy a wallet file to another computer and use it on both at the same time.  If however you do copy a wallet file and use it on two computers at the same time, then the distinction becomes important since a wallet may only report transactions and balances for addresses that it generates.

You may be able get the two wallets to display the same balance as follows: Run the command "listtransactions".  Every transaction you see on both computers should display the same "address".  (This is actually a CredaCash destination, and for bitcoin-compatibility, it is reported as an address in the output of listtransactions.)  On both computers, run the command "cc.poll_destination ", where is the value reported by listtransactions.  After some period of time, the wallet balances may catch up with each other.  You may have to continue using cc.poll_destination to keep the balances in sync as your wallets continue to recieve more mining rewards.

Another option (and the one we would recommend), would be to wait until mining is over, set up a third wallet, and consolidate funds by sending the contents of the first two wallets to the third wallet.

That is factually incorrect.  80% will go to a non-profit Foundation.  As we have stated earlier on this thread, our primary goal is to create a completely private and highly scalable currency that can be used worldwide in real transactions, which no cryptocurrency has yet accomplished, and if that means doing something new, we are willing to do that.

Why do two identical wallet addresses show different balances

Following the initial mining, we are going to continue development toward a fully decentralized currency.  The most important item required is a Proof-of-Stake protocol that can work with CredaCash without compromising privacy. We have developed a protocol and a simulation, but there are still a lot of details to be worked out, and code to be written and thoroughly tested.  There is also a lot of ancillary software we would like to see, like a GUI wallet and adding wallet support for all of the features in the zero knowledge proof.  We're going to take on as much of that as we can.  We are going to need to find a source of funds to support this, and we're looking at a number of options (if you have any thoughts on that, please DM us or contact us through our website).  And of course we are always open to suggestions, so please feel free to post them here, or DM us or contact us through our website.  Thank you.

Hi, is there any roadmap of the project?
What will happen after the mining will finish? What will be the next steps?

CredaCash mining update:

Since the start of mining, 17 million units of currency have been rewarded to miners.  There are 183 million units remaining to be rewarded.

Over the past hour, an average of about 3350 mint transactions have been submitted to the network every minute, and one block has been produced every 18.6 seconds.  That means if your computer can generate 34 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.86 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

Yes, we have been working very hard and many long hours to make CredaCash a success.  The current miners will benefit by learning about the software and technology, and they will acquire currency they can use to create fast, final and completely private transactions.

CredaCash is the world's most private cryptocurrency.  We can say that because CredaCash is the only cryptocurrency that keeps all transaction information completely private for all transactions, runs entirely over the Tor network (for privacy and security), and supports advanced privacy features like completely private hierarchical M-of-N multi-secrets, completely private token lock times, completely private escrow transactions, completely private tokenized assets, completely private asset swaps and completely private cross-chain swaps.

Security has many aspects.  An important aspect of security for a cryptocurrency is the security of the underlying cryptography.  CredaCash is as conservative as possible when it comes to cryptography, and uses algorithms and code that are as established and proven as possible.  We are, for example, not trying to invent a new zero knowledge proving system, but are instead using an algorithm that was substantially created in 2013 and has been studied and used extensively since then.  We think this is a more secure approach than inventing new algorithms and implementing them in production code before they have been thoroughly tested and proven by time.  Despite our conservative approach, our privacy, speed and features are better than any other privacy-oriented currency.

Another aspect of security is the code itself.  That requires both careful, conservative coding and exhaustive testing.  We've put CredaCash through many hours of testing, including burn-in testing, fuzz testing, race-condition testing, and testing with memory, stack and fault detection tools.  Every effort was made to test every code path, condition, and combination of inputs.  We've pushed it to extreme limits with thousands of transactions per second with simulated random delays and simulated random errors.  If at any time during development the code showed unexpected or anomalous behavior, we've stopped and fixed it and tested it again, no matter how long it took, because security and reliability are the most important goals.  CredaCash has been four years in development and was not rushed out or released before it was ready.

Ultimately, users care about the security of their information and assets.  This goes beyond mathematics and code to how the software is used, and how it could be misused.  The loss of data or assets has the same severity as theft, and is just as important to guard against.  The CredaCash project has given these a great deal of thought and the software has a number of features to help users keep their assets secure.  Some of these features have been implemented inside CredaCash's zero knowledge proof but are not yet implemented by the wallet:

- The interactive wallet displays informational and caution messages to guard against misuse.

- The wallet is based on a password-protected master secret that can be stored in a safe place and possibly used to recover funds if the wallet file is lost.

- A user will be able setup a wallet with receive-only secrets that cannot spend the funds received.  The secrets required to spend the funds can be stored offline or in a better protected wallet.

- A user will be able to set a spend delay on all or some tokens, and monitor token spend attempts using a lower privileged monitor secret.  If an unauthorized spend attempt is detected, the user can immediately freeze the tokens using the lower privileged secret, and later recover them using the higher privileged master secret that might be stored offline.

- A user will be able to create tokens with a second set of M-of-N multi-secrets, that could be split up and stored offline, or split between multiple heirs or administrators to recover funds if the owner is incapacitated or otherwise unable to act.  These secrets would be lower privileged and could have a spend delay, and if the owner detects an authorized attempt to use them, the owner could override this attempt using the main spend secrets.

We have some additional ideas about how users might be able to protect their assets from loss, theft, kidnapping or extortion, and this is an area we will continue to focus on.

A security audit is one aspect of security and this may happen in time.  This is far from a panacea however, as prominent projects have been found to have critical and sometimes catastrophic flaws even though they allegedly had security audits, code reviews, cryptography reviews, etc.  Fundamentally careful, sound and conservative engineering are much more important, with a continuous and uncompromising focus on security, and that is what we have done with CredaCash.

Please give CredaCash a try and let us know if you run into any problems or have any additional questions.  Thank you.

CredaCash mining update:

Since the start of mining, 16 million units of currency have been rewarded to miners.  There are 184 million units remaining to be rewarded.

Over the past hour, an average of about 2240 mint transactions have been submitted to the network every minute, and one block has been produced every 18.4 seconds.  That means if your computer can generate 23 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.89 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 15.5 million units of currency have been rewarded to miners.  There are 184.5 million units remaining to be rewarded.

Over the past hour, an average of about 2270 mint transactions have been submitted to the network every minute, and one block has been produced every 18.6 seconds.  That means if your computer can generate 23 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.87 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 14 million units of currency have been rewarded to miners.  There are 186 million units remaining to be rewarded.

Over the past hour, an average of about 2350 mint transactions have been submitted to the network every minute, and one block has been produced every 20.7 seconds.  That means if your computer can generate 27 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 2.14 million additional units of currency through the end of the initial mining, if the difficulty does not change.

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 13 million units of currency have been rewarded to miners.  There are 187 million units remaining to be rewarded.

Over the past hour, an average of about 2400 mint transactions have been submitted to the network every minute, and one block has been produced every 22 seconds.  That means if your computer can generate 29 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 2.26 million additional units of currency through the end of the initial mining, if the difficulty does not change.

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

Are you all contributing full-time to make this project a success?  How will current miners benefit from being early coin holders? ALso does this coin need to be audited by a security team in the future, to say that it's the most secure crypto?

CredaCash mining update:

Since the start of mining, 12 million units of currency have been rewarded to miners.  There are 188 million units remaining to be rewarded.

Over the past hour, an average of about 2050 mint transactions have been submitted to the network every minute, and one block has been produced every 17.9 seconds.  That means if your computer can generate 20 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.83 million additional units of currency through the end of the initial mining, if the difficulty does not change.

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

CredaCash mining update:

Since the start of mining, 11 million units of currency have been rewarded to miners.  There are 189 million units remaining to be rewarded.

Over the past hour, an average of about 1750 mint transactions have been submitted to the network every minute, and one block has been produced every 17.3 seconds.  That means if your computer can generate 17 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour.

From the wallet interactive console, use the command getbalance
Note that when running "cc.mint start", the mint threads report the wallet balance each time they submit a mint transaction