I hope to see you guys recognized for your hard work and innovation.
Good Luck,
Viz.
Topic: moved to new thread - page 2. (Read 10562 times)
For some reason I highly doubt you can guarantee that a quantum pc would not be able to crack this. I hope you will prove me wrong though.
Quantum computers are well understood, their capabilities have been studied for the past 20 years and yet no one has figured out a method to attack Merkle signatures or McEliece encryption which have been known for even longer, and now we even have mathematical evidence of quantum resistance (mentioned in my post above).
Over the last 10 years cryptographers have worked to reduce key sizes and improve efficiency to the point that these quantum-secure crypto schemes are now ready for practical use.
For some reason I highly doubt you can guarantee that a quantum pc would not be able to crack this. I hope you will prove me wrong though.
why did you choose Python for the contracts
The reason why we chose Python is right on the front page, and also there is a section dedicated to it in the design document.
Quote
Transaqoins and qointracts are simply turing machines, there are many pre-existing languages that are adaptable to our needs and are already adept at interfacing humans with turing machines.
We must restrict our language choices to those that provide a ready-made embeddable virtual machine to ensure determinism. All nodes must be able execute the same sequence of transactions and result in the same state. The virtual machine must be able to hide device-specific state from programmers. Python, with a bit of tinkering, can meet these requirements.
Qointum is leveraging Python’s significant network effect – according to the TIOBE Index Python is in the top 5 virtual-machine languages and there are an estimated millions of Python developers world-wide. Qointum is also leveraging millions of man-hours of labour on the core Python language and third-party libraries, allowing us to focus on just developing a cryptocurrency, not a language.
We must restrict our language choices to those that provide a ready-made embeddable virtual machine to ensure determinism. All nodes must be able execute the same sequence of transactions and result in the same state. The virtual machine must be able to hide device-specific state from programmers. Python, with a bit of tinkering, can meet these requirements.
Qointum is leveraging Python’s significant network effect – according to the TIOBE Index Python is in the top 5 virtual-machine languages and there are an estimated millions of Python developers world-wide. Qointum is also leveraging millions of man-hours of labour on the core Python language and third-party libraries, allowing us to focus on just developing a cryptocurrency, not a language.
Good to see Developers that know what they are doing 
Thanks for the Information,
Viz.
Thanks for the Information,
Viz.
I ask by your claims of 128 bit quantum security, curious as to how this is implemented.
There is some mathematical evidence that the encryption system we're using is in fact quantum-resistant, so we only need enough bits in the key to thwart a quantum search (Grover's algorithm). Also, we use merkle hash trees for signatures, and although there is no proof yet, there are no known quantum algorithms that can attack hashes other than a quantum search. To brute force a 256-bit hash would usually take 2256 operations, but Grover's algorithm only takes O(√N) time, so that's 2256/2 = 2128 quantum operations = 128-bit level quantum security.
You've got the right idea
Curious though, how do you calculate the security to a Quantum Computer; are you just assuming multiplicity of the power from the available quantum states; then dividing hash security by this number?
I ask by your claims of 128 bit quantum security, curious as to how this is implemented.
Thank You,
Viz.
Curious though, how do you calculate the security to a Quantum Computer; are you just assuming multiplicity of the power from the available quantum states; then dividing hash security by this number?
I ask by your claims of 128 bit quantum security, curious as to how this is implemented.
Thank You,
Viz.
Looks like some noble effort here guys, keep up the good work.
Thanks, yeah we're really trying to innovate on every front here to create a true crypto 2.0, not only fully programmable, but also cryptographically future-proofed and scalable to the whole web.
Looks like some noble effort here guys, keep up the good work. I know how long it can take to build something and do it right.
Best of Luck,
Viz.
Best of Luck,
Viz.
if you have something to release (that actually exists) release it, on github , send it out into the world
Thanks for the feedback! Your skepticism is warranted.
I suggest you follow Bittrex' lead and use the term “crowdfunding campaign”...
Thanks Graham, this is good feedback.
Posting this offer from a pseudonymous a/c merely raises the obvious question...
I'm the founder of Qointum. The email address associated with this account is the same as in our trademark info -- you can see it in my profile now. I use this pseudonym instead of my real name because it's short, memorable and most importantly unique so it's internet-searchable. We're still a long ways from launch so I'll re-create this thread under the username "Qointum" at a later date.
Sign up today to receive notice of our ICO!
I suggest you follow Bittrex' lead and use the term “crowdfunding campaign” unless you feel strongly (and can successfully demonstrate) that the documentary support for your offer meets the standards currently mandated for public offerings of stocks/shares.
Is this offer being made by an authorised employee or director of NewGamePlus Inc., the operators of qointum.com and owners of the QOIN trademark?
https://wiki.qointum.com/legal/terms/:
Quote
“We, NewGamePlus Inc. (the “Operators”), provide Qointum (the “Website”) as a public service to our users.”
http://www.markhound.com/trademark/search/mv9DpinEu
Quote
This is the brand and trademark page for QOIN which was created on October 19th, 2014 by NewGamePlus Inc., an CORPORATION. The trademark owner is located at 3935 Burke st. in Burnaby, BC, . NewGamePlus Inc. can be contacted at 1-778-708-2035, [email protected]
The coin operators would appear to have the benefit of legally-limited liability (pace my very limited understanding of CA corporation law). Posting this offer from a pseudonymous a/c merely raises the obvious question - “why would a legally-constituted Canadian corporation post this offer under a pseudonym?”
Personally, I find the plausible answers less than reassuring, can you help?
Cheers
Graham
you can keep them all , no thanks, too many gimicks, no code,
if you have something to release (that actually exists) release it, on github , send it out into the world
if you have something to release (that actually exists) release it, on github , send it out into the world
I think this sounds interesting, but maybe re-word it a bit from everything being "vetted".
When is the launch date (or did I miss it)? And if its using DPoS as well as having 100% of the coins distributed, then what is this ASIC-Resistant algorithm for (as its not a PoW coin it seems).
Also, why did you choose Python for the contracts, and can you link to the whitepapers that discuss the technologies you are referring to.
Finally, background about the development team behind this - a 20% premine for such a project with a 3 month ICO needs identifiability.
When is the launch date (or did I miss it)? And if its using DPoS as well as having 100% of the coins distributed, then what is this ASIC-Resistant algorithm for (as its not a PoW coin it seems).
Also, why did you choose Python for the contracts, and can you link to the whitepapers that discuss the technologies you are referring to.
Finally, background about the development team behind this - a 20% premine for such a project with a 3 month ICO needs identifiability.
What is this ?
what does it offer other that makes it different?
What measures are you taking to prove that is not a scam project?
Edit :
so you solved this...
what a load of crap. Together with the pun name and how your basically have all the features of top 10 coins really proves that your out to scam the eff out of people here.
what does it offer other that makes it different?
What measures are you taking to prove that is not a scam project?
Edit :
Quote
Today, research laboratories around the world are racing to build the first practical quantum computer, and simple quantum computers already exist in university labs. A fully capable quantum computer is theorized to be able to crack the elliptic curve cryptography (ECC) that is protecting the stored value owned by users of other cryptocurrencies. Qointum is the first and only cryptocurrency to employ cutting-edge cryptographic algorithms that are designed to be secure against quantum computers as well as classical computers, thus protecting the stored value owned by Qointum users for practically eternity.
so you solved this...
what a load of crap. Together with the pun name and how your basically have all the features of top 10 coins really proves that your out to scam the eff out of people here.
Yes, and the dev also gets to keep 19.9% of the coins
I should mention the largest and most successful crypto launch to date reserved a similar amount for their developers, 17%.
ico , no thanks, next!
is it going to be an ICO?
nice looking wallpapers btw
nice looking wallpapers btw
Yes, and the dev also gets to keep 19.9% of the coins
Qoin Distribution
.........
70.1% of qoins will be made available to stake holders for purchase over a 3-month limited-supply sale period
10% of qoins will be distributed over a 1-year period after the official client launch through mining
19.9% of qoins will be retained by the Qointum team ....... for on-going development expenses.
*bump*
Jump to: