Topic: New mobile blockchain, looking for early miners. (Read 379 times)

https://imgur.com/a/iKue94F

Here it is

UK law requires you to declare all the activities your business may be involved in. Keigen has several areas of business, including solar power, e-commerce and software development. AmazeWallet comes under 62090—IT activities—which is a registered Nature of Business under Keigen UK. Most Web3/blockchain brands do not have other services.

Thanks for the point about the website footer—added that in!

I don't know what 'proof that it isn't a scam' means. Proof is on the claimant—what you've shared so far is your personal take on our website and whitepaper. I imagine that most brands don't reach out via forums like this, so I can understand your initial reluctance/skepticism. There are many projects in the space who have set out to mislead people—and made claims that aren't true.

We purposely haven't shared in-depth info on our algorithm, since this was the v1 version of our public whitepaper. The algorithm is our core competitive advantage, which we have kept confidential. We will do in the future once we have a solid user base. The reason we're on forums like this is to share what we've built technically—our CSO was an early BTC/ETH contributor who raised sharding as a scaling solution with Vitalik in the early days. And to get feedback, or to gauge interest, in the project.

I'm actually really happy that you've engaged thus far. And done a deep dive on our stuff. It definitely helps us understand what we need to better clarify!

有区块证明吗？

Keigen Technologies UK LTD is quite interesting if you look into it.  Its registered as a plumbing company.  It shows up as a company in Japan but it doesnt fit with what one can find by just searching the maker of apps.

Then there is the whole Mina actually has legit info on its site.  You are trying to claim legitimacy by equating this to Mina.  A lot can be discovered by looking at the bottom of web pages.  Real outfits actually have meat and not just a pretty face.


Same with Minima Global.  They are real things. 

Your site doesnt even have a TOS or cookies policy....your software team appears to be plumbers per the registration of companies in UK......  Your white papers are a joke at best for actually getting into the algo. 

Realize it is entirely up to you to provide proof that it isnt a scam..because so far what your showing and the exchange you are on scream SCAM.

Haha I hope to convince you otherwise! Can I ask what makes you say that?

There are several other projects working on similar tech. Mina. Minima Global.

The whole thing is a scam.  Searches alone bring up plenty of red flags.  Ill go on record here in the “its a scam” column. 

Ok more efficient -> why no conclusen with amazewallet and without running amazewallet? I think it uses a way more power as you described.


i understand, you do anything to get more money. I mean a scam exchange came to you and you go onboard, so you don´t care about the community.

Appreciate the feedback. Using significant processing power is not a requirement for a blockchain to function, be secure and be scalable. It is totally dependent on your algorithm, system design and other factors. Just as some video games are more or less optimised.

We've made AmazeChain far more efficient than current networks, partly by leveraging smartphone devices—without sacrificing your battery power or significant data. There is no noticeable heating or loss in performance for end-user devices. Other node types (proposer, storage) have higher system requirements.

Put simply, BitMart approached us initially while we were at our beta testing stage. We are in discussions with several top exchanges but the best way to get AMT currently is directly via in-app swap if you have an Android, and we're also close to signing with a leading on-ramp provider to offer purchase via card and bank transfer.

well except you can exclude all gpu/cpu/asic from party then consider at some point people will interest on mobile mining, surely apple bionic cheap will lead the way
but i think it just only in dream if this happen  , arm processor every where and easy to mobile mining only easy to break for sure, and nobody want 2hr their phone dead because mining, with hot pants

The next big red flag is for me Bitmart. Why are you listed first on this scam exchange which is working with Bots to simulate trading volume?

In the chain WP, we have a few sections that shed light on this. 10. Implementation (under Transaction Performance), 6. Structure (How miners produce blocks and Transaction Processing).

Mobile nodes mainly play the role of verifying and generating blocks?with proposer nodes performing the calculations required to form blocks.

Besides the algorithm and network structure, the other part is the data load. Most blockchains that use Trie or Merkle Trees have a heavy data load, where 10 state changes can lead to a 200x data load. That means a 300GB ledger taking up 15TB. We've reduced that to just 1 gigabyte of storage, partly through using RSA accumulators.

Zero-knowledge proofs require even more resources, and the more shards in the blockchain, the more calculations. I am a miner, I can be wrong, but I think that this is a logical opinion. Then where do the main calculations take place if the mobile nodes do not consume resources?
Do they validate blocks without validation?

Yeah good questions. That throughput is achieved through a number of reasons:

- sharding (parallel TX processing)
- layering (group TX processing)
- zero knowledge proofs
- RSA accumulators to store/query/update chain

The actual data load is minimal and the calculation process can be completed in milliseconds by smartphones without any visible reduction in battery life. Blocks are formed, verified and generated every 8 seconds.

It's a VDF-VRF algorithm. In the "9. Algorithms" section there are a few modules mentioned. We'll release more information soon on how those work together. As per our Github system requirements it does not require specialist CPU/GPU/ASIC to run the algorithm (either for mobile node or for commercial nodes).

A fast blockchain with over 300k TPS requires a large number of blocks and the software on the phone must be constantly active and consume enough resources. It is impossible to achieve such speeds in mining coins, so this coin does not have mining, but possibly nodes on mobile phones. But I don’t know where such speed comes from on weak mobile devices.

Ive read the white paper.  Please show us the algo used as it mentions one but doesnt provide any detail at all.


You stated that “All the details are in our chain whitepaper.”. This statement is not true.

The only downside of a miner running on phones is the battery life, but as you said that it will only consume around 1-2% per day then this can be a way forward in achieving true decentralization.

Thanks for the feedback! It only uses around 1-2% battery per day and with a minimal data load. The calculation for the verification/block generating process is very lightweight. The chain can also run on other end user devices like PCs and servers.

Nodes running on end user devices makes total sense for true decentralisation—users being able to verify, not trust by running a full node on the same device they use to transact (send payments, data messages etc.). Most internet traffic is now via the phone.

I didn't get your questions—do you mean what's the algorithm? All the details are in our chain whitepaper.

Happy to answer anything else

Sure we all have Octacores in our pocket, but i didn´t want to burn it. So Smartphone mining is stupid, sure with some old phones it can makes sense, but building a whole blockchain only for smartphones is not a good decision.
If smartphone mining is a way to mine, like verus or other cpu coins then it can be a thing, but not only smartphone mining.

The same for nodes, i see no reason why nodes must running on smartphones.

What is mining algo? What is your target? I mean you put all key words in your whitepaper - NFT, Game, high TPS .... and Premined coins

I think you see the problem.