Topic: 🌟🚀 [Pre-ANN] AZULIK: adding privacy to DAG fee-less instant transactions 🌟🚀 - page 3. (Read 7245 times)

Dear community be ready for the website very soon,
thank you for your trust and support.

I don't mind the warning at all, it just gets out of hand sometimes with accusations based on nothing. Some people seem to make a career out of scam calling  which I don't agree with. I would be very interested to hear more about your project, perhaps you can pm me the details as probabl not appropriate to hijack this thread.

hope that you can share some more information here so that other investors can follow and support your project.well looking impressive ideas of this project,wishing more success to come for this

It's just a warning to newbies who don't understand Crypt world yet? The Nano Developer worked for 2 years before release of product with no donations asked and distributed token thru Faucet, Bounty etc free to forum members. I am working on much bigger scope of coin than just DAG and privacy will announce once i get to stage where product is ready.

I still love to see Azulik project to succeed but not in collecting donations before they have something solid working product. I am against scamming people i hope you too?

Can you give us more details about the two coins, why do you think it would be better ? Do not hesitate to tell us which point isn't clear.




No we don't please send us private message.

Are you still checking [email protected] email?

To me it’s a very smart approach, indeed, if you don’t have fees all user would store their coin in the private wallet, hence Sybil attack would be much easier to perform.

I really see how to use it in daily life, I receive funds on my public wallet, they are public, but as long as it’s not possible to link me with these transaction it’s all good.

So basically on my mobile wallet I will have my public and private wallet, I can transfer immediately some funds from my public to my private wallet, and they become untraceable as nor the transaction nor the balance can be accessed right ?
And  let say I go buy a coffee, I use my private wallet to pay, I’ll pay a small fee, and in the end of the day I’ll get back fees depending of my balance on my public wallet ? Hence it means If I spend coin using my private wallet my fees will be paid back, if I don’t spend I’ll be remunerated to delegate my vote to a representative, to me it sound amazing as long as the fee is low.

It's like a freemium version of Nano, it's like XRB for public transaction, but if you want another feature it's possible but for a very small fee.

I'm not sure I understood fully but would it be possible to use a separate coin (like Gas is to Neo) but with very little or no value for the payments? Introducing a fee is always going to be unpopular I think but if the fee coin is really cheap and plentiful then maybe it won't matter. I'm thinking it should be like one ten thousandth of a cent or something like that.

Anyway thanks for answering the question. Hope all is going well with the coding, any updates are very welcome and reassuring.

A very interesting question - thank you for bringing it to our attention.

Firstly, to understand it better we must delve into all that is represented by the Delegate Proof of Stake (DPOS). Simply put it is a protocol where all the users (owning coin) delegate their vote to a representative. The vote is then weighted by the balance of the wallet. In the end the representatives, which act like the minors to maintain the network, will validate the transaction whereas at least 51% of the network must validate a transaction for it to proceed. The 51% is determined using the entire portfolio of wallet balances.
Hence having a private wallet means that the balance will not  be displayed. The DPOS will therefore not function. To bypass this issue we have develloped a public wallet and an alias private wallet. The public wallet delegates his voting rights to a representative as the balance is public. Take into consideration we now have a public and a private wallet.

Let’s say there are no fees. It’s clear all users would prefer to enjoy the privacy feature and in turn keep their coin shares in the private wallet- yet this would lead to the issue of running the DPOS off track as the representative would no longer  be legitimate as they would represent a very small part of the network. Therefore the fees in place are an incentive to make people keep their coin in their public wallet and run node.

Furthermore, 1% of the fees will be used to remunerate the nodes, and 99% of the fees will be paid back to the network depending of their number of shares in coin. Hence, in average, if the number of transactions are higher than the number of user, each user will get back 99% of the fees paid. The 1% remaining will allow a more decentralized network for both public and private transactions. On top of that, public transactions remain free of charge, and the fee for private transactions will be very very low.

People here know this full well ad have decided to take the risk or not to take the risk. We will see what happens Maybe none, maybe 1 maybe all will happen but we just don't know for sure. We can wait and see, that is all. If you feel really strongly about it, then create a DAG coin with privacy yourself and publish code before taking donations. I'll back you all the way and I think you will have hundreds more backers.

Guys, It's big scam around Dag technology with privacy add on coin posts between Stone, Manta, Azulik mostly all the threads might have started by same person or group. They all try to collect donations upfront before you see any code on Github, no Escrow and mentioning testnet release on same day as last day of donation ends. Nothing happen in other two projects.

It might be same team doing this thread also, i kind of see similar line of plans and just nice graphics, cut and paste info from different resources and trying to make quick money with no real proof of code or work. Beware of these scammers, I really donated little money in Stone and realized it's waste of doing until you see code and real product.

Why aren't the private transactions free aswell?

Hi, I own a discord server for discussing DAG coins. Every DAG is listed and has its own channel.

https://discord.gg/auFsMSD.

Feel free to join us ! See ya.  

Hashgraph is just DAG. It used algorithm and consensus mechanism are different. Not open source, we can't really know what is done, it's all about hype and marketing for the moment.

Does anyone have a good understanding of the benefits / drawbacks of DAG based systems v all the hype going on around HashGraph? Other than the fact that the hashgraph is controlled by an private entitiy (which in itself makes it a non starter for me). Specifically from a scaleability, speed, or security perspective.

Personally, I like a lot of supply, but I would not use the 666mm, even if its only the first three digits. I can only imagine what some of the naysayers will say based upon the number's association in certain religions with the devil. Wouldn't it make sense just to have a nice round number, say.... 700,000,000? Or is there something about the mathematical protocol that makes that undesirable or difficult?

I would be more than happy to clarify your query for you. In the interim, you are more than welcome to browse online to dig deeper into all that high frequency trading encompasses. Telecommunication is a key part of the HFT as milliseconds, which in retrospect translates to millions. Therefore, within this technology, fibers and microwaves are used to transfer information. Some companies are specialising solely in building infrastructures- which essentially consists of telecommunication- as a means to beat their competitor and do trades faster than anyone else. Call it as you will, but indeed it is still within the realm of telecommunication. With regards to the PHD inquiry, please check online yourself for further information, but in laments terms, the cause of big  data and machine learning clearly implies data analysis.

'financial company specialized in telecommunication and high frequency trading'?  How does that work ? you mean to say you were working in Wall Street developing tech for Qualcomm/Ericsson and trading there part time? please help me understand or maybe you are confused, you most likely did work in a call center running high frequency scams. So, Alex had a PHD thesis on both Data analysis and machine learning ? Which one was it ? get real dude

Amazing project if it goes to the end it will be the best coin of 2018/2019, for once i'm at the early stage of a nice project, i'm very excited.

The protocol is explained at high level in the front page, we are done with the research part, and we are currently working on the implementation itself, we haven't faced any particular difficulty as of now, it's on going and we do our best to be on time.
The number 666 is basically 5 times the Nano supply, yes it may be unpleasant for some people, but we are sure it's less obvious if we say the supply will be: 666,241,445 Azulik.
We will do our best to have the testnet ready asap, our main work is currently on the code as we want everything to be working on our side to share it with you by the 16th of march. It's a very short deadline, and we do our best, we work almost every evening and every weekends on it.