Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 169. (Read 785514 times)

Skunk,

Ah you need to compile some of your dependencies as static to run static binaries, I have the makefile static so that dependencies are compiled into the release. Thanks for your feedback

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Crypthos,

Yeah InstantX and it's clone ZeroTime (Vanilla Coin) are just network level messages to lock transaction inputs from the memory pool to prevent Finney attacks among others, it does make 0 confirmation safer, but isn't as secure as the blockchain, in some respects they remove a lot of the blockchain security model to supplement faster transactions, where I believe the true speed can come from simultaneous processing, or multiple "branches" in which block chains operate on their own branch for each mining channel, that can give us a 3x increase in processing capability and reduce orphans at the same time. This way attacks would be pushed to individual branches therefore even under a 51% attack on particular channel,  it wouldn't affect the other branches. Working up the architecture too to elimate 51% attacks once and for all, but this will be very tricky to get it right 

Thank You,
Viz.

it builds (fine) dynamically after removing the comments from makefile.unix:

Just doing some transactions with Nexus, 3 confirmations in more or less one minute an half, is just beautiful...Previously I fell into the hype of DASH with its "Instant X" transactions, turns out for those transactions it just makes you pay a higher fee, that's it. Average transaction fee is 0.0001, "Instant X" transaction is 0.05 that's why they are "instantaneous", it will be amazing when in the future Nexus can do real instant confirmations, reversible transactions, thousands of transactions per second and on top of that no fees, very few coins will be able to compete with this beast =) , cheers guys.

Not really, Dash and X11 (11 SHA3 Functions) are all 256 bit output length to where SK-1024 is 1024 bit output length which means that SK-1024 is over 4 times as secure. It is a chain of Skein-1024 and Keccak-1600 (SK). Chained hashing protects against collisions if found in one of the hashing algorithms, but doesn't necessary provide as much security increase as increased output length. 1024 bits is a number of about ~308 digits.

Thank You,
Viz.

After learning here what a Chained Hash Algorithm is, today I discovered that the good old X11 hashing algorithm is actually 11 different hash algorithms together, does it make Dash with its X11 more secure than Nexus SK-1024 ?

It did?

When did Niro added to Poloniex trade

Thank you everyone for your participation and feedback.  Thank you @pdogg for updating the OP, looks great!

Lol!!
You see, now we have a concept to build on

Paycoin, Premine As Never Before =)

Or in this case .......
Etymology, as never before !

Think "Nexus, As Never Before" should be the core slogan. And then change the prefix depending on what we are directing the phrase at. Ex if we talk about transactions then use Money, As Never Before or if at the moment we talk from a technical point of view then perhaps Crypto, As Never Before or something like that if you get my point

Not sure if Nexus is the first crypto to implement quantum resistant cryptography, curecoin is also working on merkle tree implementation which provides resistance to quantum attacks.

Edit: Fwiw I like the slogan Money as never before.

Yes

I believe he said that a long time ago.

@Collin

Is your father Jim Cantrell?

Good catch!  Fixed.


All are very good suggestions.


Also fixed these.  Thanks for the feedback all!

Thanks bro all understood, you're right about the anonymity, with the current system they'll just use it to attack Nexus.

One thing I noticed from the promotion of the Nexus plataform in page 1 of the discussion it says
SPECIFICATIONS

Algorithm
SHA3 [Skien and Keccak]

it says Skien instead of Skein, little thing but we want it to be perfect for the newcomers.


May suggest also a Slogan for the plataform,   "Nexus, As Never Before" Or "Freedom As Never Before", "Money As Never Before", "Wealth As Never Before". Just some random ideas

Another suggestion I was thinking about is the tittle of the discussion, it says "Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come", to tell you the truth I had no idea what SHA3 was until I read this thread, for us crypto-people this is how we talk and is amazing when we see all this specs, but for the average person that is coming here for the first time it may not relatable at all, SHA3 may not mean anything for a newcomer to the crypto world, wouldn't sound better instead to put first "Nexus [Niro] - The First Quantum Computer Hack Resistant Cryptocurrency", that may attract more the attention of the user and spark his curiosity because no other coin promotes SHA3 in this way, then in the introduction he'll understand what SHA3 is and the difference between 256bits bitcoin security against 1024-1600bits Nexus security plus the CPU/GPU + nPoS + 15 Active Innovations + More to Come. Again this are all suggestions, my grain of sand to try make Nexus better, cheers.

This sound much better than current reward system,
it seems that my remarks and observations contribute to this new approach.

Ring signature are by far the best as done in Monero rather than coin mixing which is still traceable to some extent if one can determine the flow of the mixers. I have stayed away from anonymous transactions due to the fact that building a new financial system such as Nexus, it is going to be in direct competition to banking systems, which means any reason they have to attempt to make it illegal they will use, and looking towards the future if the transactions were all entirely anonymous that would be a weapon they could use against us, so pseudo anonymous works in my taste, so one can still conceal their identity to their coins, but governments of the world will not have the excuse to say it is a "black market currency" used to fund "terrorism" with no way to "track the flow of money".


Multi Threaded allows different parts of the protocol not be slowed down by other parts such as if there is a large dust spam transaction attack, single threaded would slow block processing, where multi threaded could allow blocks to propagate as normal while the transaction LLP banned out dust spam nodes, so in other words one part of protocol won't slow down the rest of the protocol.


Layers of the Network, like layers of an onion. Each layer will get more to the "core" in which the lower your layer, the more network processing your node is generally doing. So think of the Core of the network as what I call the "Trust Network" in which they are awarded higher interest rates for processing blocks and storing the blockchain. Other nodes on outer tiers communicate with these trust nodes to ensure that their blocks they are receiving are legitimate, the same with transactions. These two layers can both be miners and stakers, where the core Trust Network is the only part of the protocol that needs to store the blockchain. The outer nodes then use the trust of each of their keys to determine what transactions and blocks happen relative to them. This gives incentive for some users to run a full Trust Node, and gives benefit of other users to not need to worry about maintaining an ever growing chain if all they want to do is hold / stake coins.

I hope this explains things better for you my friend.

Thank You,
Viz.