[PRE-ANN] Ergo Platform is coming, the AAA class of blockchains - page 8.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: CarrieDu on September 07, 2018, 03:34:45 PM

What's hardcap and softcap please?
I read the super short whitepaper but I can't find this info
I wanna join this idea as it suggested by admin of the biggest crypto forum Wink

https://ergoplatform.org/news_emission_curve.html

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: kushti on September 07, 2018, 03:29:12 PM

Next testnet, 1.6, will be launched within next few days. Every functionality is ready and now under merging.

New features:
- threshold signatures, minor updates to transactional language
- wallet API
- new block section to store auxiliary block data, the extension section
- networking layer improvements and various bugfixes

Also, we're considering a PoW scheme now. It seems conceptually it is more or less done. The PoW scheme would be ASIC-resistant (at least, more than ZCash's) and also non-outsourceable (no pools, at least as we know them). We're working on parametrization at the moment.

https://twitter.com/ergoplatformorg/status/1038166420755017728

CarrieDu

newbie

Activity: 14

Merit: 0

What's hardcap and softcap please?
I read the super short whitepaper but I can't find this info
I wanna join this idea as it suggested by admin of the biggest crypto forum Wink

kushti

full member

Activity: 317

Merit: 103

Next testnet, 1.6, will be launched within next few days. Every functionality is ready and now under merging.

New features:
- threshold signatures, minor updates to transactional language
- wallet API
- new block section to store auxiliary block data, the extension section
- networking layer improvements and various bugfixes

Also, we're considering a PoW scheme now. It seems conceptually it is more or less done. The PoW scheme would be ASIC-resistant (at least, more than ZCash's) and also non-outsourceable (no pools, at least as we know them). We're working on parametrization at the moment.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Vasily Kharin, a Researcher at the Research Institute is presenting a novel approach towards achieving Turing-completeness of a blockchain system, co-authored with Dmitry Meshkov and Alex Chepurnoy #CBT2018 #esorics2018

https://twitter.com/1nst1tute/status/1037644229265317888

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: c1oud on August 27, 2018, 01:30:44 AM

Quote from: mxxxxxx on August 26, 2018, 03:35:43 PM

Quote from: c1oud on August 26, 2018, 01:28:46 PM

What about plans switching from CPU to GPU mining? Will this be done before mainnet release or that switch will occur in some point in future time?
What about asics and its possible effect on mining algo, already have solution?

Anyway guys good luck! I'm ready to support mainnet with some GPU miners

PoW will be finalized near the testnet end and it will be based on own research on proof-of-data-possession as a PoW scheme https://arxiv.org/pdf/1603.07926.pdf and fight with pooling (i.e. outsourceability, the initial idea is here https://github.com/ergoplatform/ergo/issues/218).

First, there will be a new version with initial wallet prototype, threshold signatures, next there will be new versions with fee model, voting, system reconfiguration and next PoW so it will take some time to see more details but GPU mining should be there from the start of the mainnet.

Good. No problem to set miners in different locations and make them work separately to achieve better decentralization and network protection from possible mining power consolidation.

But what about luck factor? As number of possible endpoints/nounce's/miners increase and possible maximum setting of GPU's per rig is lets say 13 then at some point in time GPU miners with less GPU-s are probably much less lucky than with higher "hashpower", or there will be something similar to Waves FairPOS and eventually even small miners will get their chance proportionally to get a block let#s say within 50k of blocks (even if only 1) - that approach will definitely help increase decentralization by "small" miners' participation.

You can follow progress through existing pull requests

https://github.com/ergoplatform/ergo/pull/407/commits/fe034c84ea03b46cc51f9d15d3e9b0c361cba18c

https://github.com/ergoplatform/ergo/pull/407/commits/ab8259fca5a8beb59925249ae5269a881aed9de9#diff-0e9a50b725ab1750ec188eac6c627857

c1oud

hero member

Activity: 961

Merit: 529

Quote from: mxxxxxx on August 26, 2018, 03:35:43 PM

Quote from: c1oud on August 26, 2018, 01:28:46 PM

What about plans switching from CPU to GPU mining? Will this be done before mainnet release or that switch will occur in some point in future time?
What about asics and its possible effect on mining algo, already have solution?

Anyway guys good luck! I'm ready to support mainnet with some GPU miners

PoW will be finalized near the testnet end and it will be based on own research on proof-of-data-possession as a PoW scheme https://arxiv.org/pdf/1603.07926.pdf and fight with pooling (i.e. outsourceability, the initial idea is here https://github.com/ergoplatform/ergo/issues/218).

First, there will be a new version with initial wallet prototype, threshold signatures, next there will be new versions with fee model, voting, system reconfiguration and next PoW so it will take some time to see more details but GPU mining should be there from the start of the mainnet.

Good. No problem to set miners in different locations and make them work separately to achieve better decentralization and network protection from possible mining power consolidation.

But what about luck factor? As number of possible endpoints/nounce's/miners increase and possible maximum setting of GPU's per rig is lets say 13 then at some point in time GPU miners with less GPU-s are probably much less lucky than with higher "hashpower", or there will be something similar to Waves FairPOS and eventually even small miners will get their chance proportionally to get a block let#s say within 50k of blocks (even if only 1) - that approach will definitely help increase decentralization by "small" miners' participation.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: LJMAN on August 26, 2018, 01:45:11 PM

How to convert Ergo tokens on waves platform to native tokens of Ergo?

Here is the latest info on it:

Quote from: kushti on August 15, 2018, 10:52:22 AM

1.53 is ready and will be released this week. It contains significant improvements in bootstrapping and networking layer efficiency.

Initial wallet prototype is ready, code is under review.

Maybe we will rollout new testnets, say, bi-weekly, as it is hard to manage a huge codebase update properly. So, instead of a single enormous Testnet2 release, we'll roll-out few updates (fee model, system reconfiguration, PoW finalization).

On EFYT <-> ERGO exchange:

1. Before the mainnet launch, we'll send EFYTD (EFYT alternative for data chain).
2. Waves <-> Ergo gateway will exist. Thus Ergo token will exist on top of Waves as well.
3. With money got via founders rewards, the Foundation will create orders on Waves exchange, to buy EFYT for ERGO, the price is 1.00

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: c1oud on August 26, 2018, 01:28:46 PM

What about plans switching from CPU to GPU mining? Will this be done before mainnet release or that switch will occur in some point in future time?
What about asics and its possible effect on mining algo, already have solution?

Anyway guys good luck! I'm ready to support mainnet with some GPU miners

PoW will be finalized near the testnet end and it will be based on own research on proof-of-data-possession as a PoW scheme https://arxiv.org/pdf/1603.07926.pdf and fight with pooling (i.e. outsourceability, the initial idea is here https://github.com/ergoplatform/ergo/issues/218).

First, there will be a new version with initial wallet prototype, threshold signatures, next there will be new versions with fee model, voting, system reconfiguration and next PoW so it will take some time to see more details but GPU mining should be there from the start of the mainnet.

LJMAN

newbie

Activity: 23

Merit: 0

How to convert Ergo tokens on waves platform to native tokens of Ergo?

c1oud

hero member

Activity: 961

Merit: 529

What about plans switching from CPU to GPU mining? Will this be done before mainnet release or that switch will occur in some point in future time?
What about asics and its possible effect on mining algo, already have solution?

Anyway guys good luck! I'm ready to support mainnet with some GPU miners

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: kushti on August 25, 2018, 02:52:47 PM

Next testnet will be named 1.6 and planned to be released in ~10 days.

New features:
- threshold signatures (preserving zero-knowledge, thus from k-out-of-n signature it could not be concluded which k signers were real)
- initial prototype wallet API implementation (we are going to outsource UI implementation immediately after the release)
- a new block section, which will in follow-up releases contain e.g. protocol changes voting information
- stricter block validation according to the specification
- a lot of small improvements

https://twitter.com/ergoplatformorg/status/1033448169160552448

kushti

full member

Activity: 317

Merit: 103

Next testnet will be named 1.6 and planned to be released in ~10 days.

New features:
- threshold signatures (preserving zero-knowledge, thus from k-out-of-n signature it could not be concluded which k signers were real)
- initial prototype wallet API implementation (we are going to outsource UI implementation immediately after the release)
- a new block section, which will in follow-up releases contain e.g. protocol changes voting information
- stricter block validation according to the specification
- a lot of small improvements

NoFoodOnlyEnergy

newbie

Activity: 14

Merit: 0

Quote from: Livermore_ on August 17, 2018, 02:29:44 PM

So apparently what has been written so far, ERGO will be officially released this week and the starting price will be $1 or 1 WAVES on par with it? Blockchain technology is fantastic and always rewarding to find new projects, although some have little ability to put their proposals into practice, I hope it will be different with ERGO!

that is not how i interpreted it.

Quote from: mxxxxxx on August 17, 2018, 09:24:11 AM

Quote from: NoFoodOnlyEnergy on August 15, 2018, 03:35:16 PM

Quote from: mxxxxxx on August 15, 2018, 11:38:53 AM

Quote from: kushti on August 15, 2018, 10:52:22 AM

1.53 is ready and will be released this week. It contains significant improvements in bootstrapping and networking layer efficiency.

1. Before the mainnet launch, we'll send EFYTD (EFYT alternative for data chain).
2. Waves <-> Ergo gateway will exist. Thus Ergo token will exist on top of Waves as well.
3. With money got via founders rewards, the Foundation will create orders on Waves exchange, to buy EFYT for ERGO, the price is 1.00

if i am reading this correctly, the "swap" will be done by creating an EFYT/ERGO trading pair. basically they are offering 1 ERGO in exchange for 1 EFYT. pretty clever way of going about it, token swaps are sometimes a circus. and the EFYTD will basically be airdropped prior to those orders going up

Livermore_

brand new

Activity: 0

Merit: 263

So apparently what has been written so far, ERGO will be officially released this week and the starting price will be $1 or 1 WAVES on par with it? Blockchain technology is fantastic and always rewarding to find new projects, although some have little ability to put their proposals into practice, I hope it will be different with ERGO!

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: Livermore_ on August 17, 2018, 02:29:44 PM

So apparently what has been written so far, ERGO will be officially released this week and the starting price will be $1 or 1 WAVES on par with it? Blockchain technology is fantastic and always rewarding to find new projects, although some have little ability to put their proposals into practice, I hope it will be different with ERGO!

What has been written is, hopefully, real Bitcoin 2.0 mainnet will launch in Q4, there will be two chains because, with different parameters and built-in sidechains, Ergo is good for data-intensive applications.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

ErgoPlatform Testnet 1.5.3 released. Multiple sync fixes and optimizations, API updates, code refactoring and optimization

https://twitter.com/ergoplatformorg/status/1030421631498366976

"Will also be there, presenting our paper https://arxiv.org/pdf/1806.10116.pdf that shows how to make scripting language Turing-complete without loops and gas. Future is coming!)" #ScalingBitcoin

https://twitter.com/DmitryMeshkov/status/1030350969350119424

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: NoFoodOnlyEnergy on August 15, 2018, 03:35:16 PM

Quote from: mxxxxxx on August 15, 2018, 11:38:53 AM

Quote from: kushti on August 15, 2018, 10:52:22 AM

1.53 is ready and will be released this week. It contains significant improvements in bootstrapping and networking layer efficiency.

Initial wallet prototype is ready, code is under review.

Maybe we will rollout new testnets, say, bi-weekly, as it is hard to manage a huge codebase update properly. So, instead of a single enormous Testnet2 release, we'll roll-out few updates (fee model, system reconfiguration, PoW finalization).

On EFYT <-> ERGO exchange:

1. Before the mainnet launch, we'll send EFYTD (EFYT alternative for data chain).
2. Waves <-> Ergo gateway will exist. Thus Ergo token will exist on top of Waves as well.
3. With money got via founders rewards, the Foundation will create orders on Waves exchange, to buy EFYT for ERGO, the price is 1.00

https://twitter.com/ergoplatformorg/status/1029766801612255232

is there still going to be a 1 + 1 swap, or will it just be EFYT for ERGO?

Yes, 1+1, for 1 EFYT you will get 1 cash and 1 data

!vanovi4

jr. member

Activity: 168

Merit: 1

It is a convenient protocol that allows users to run a full node on a smartphone, and I was interested in the ERGO project. I will follow him and hope for his development.

NoFoodOnlyEnergy

newbie

Activity: 14

Merit: 0

Quote from: mxxxxxx on August 15, 2018, 11:38:53 AM

Quote from: kushti on August 15, 2018, 10:52:22 AM

1.53 is ready and will be released this week. It contains significant improvements in bootstrapping and networking layer efficiency.

Initial wallet prototype is ready, code is under review.

Maybe we will rollout new testnets, say, bi-weekly, as it is hard to manage a huge codebase update properly. So, instead of a single enormous Testnet2 release, we'll roll-out few updates (fee model, system reconfiguration, PoW finalization).

On EFYT <-> ERGO exchange:

1. Before the mainnet launch, we'll send EFYTD (EFYT alternative for data chain).
2. Waves <-> Ergo gateway will exist. Thus Ergo token will exist on top of Waves as well.
3. With money got via founders rewards, the Foundation will create orders on Waves exchange, to buy EFYT for ERGO, the price is 1.00

https://twitter.com/ergoplatformorg/status/1029766801612255232

is there still going to be a 1 + 1 swap, or will it just be EFYT for ERGO?

Topic: [PRE-ANN] Ergo Platform is coming, the AAA class of blockchains - page 8. (Read 33840 times)