[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 91.

felixando

copper member

Activity: 137

Merit: 31

Quote from: monsanto on December 14, 2017, 04:47:17 AM

I've been meaning to learn more about DAG protocols and also zkSNARKs, so now I can do both in one place

. Gonna be watching this one.

I appreciate your support, i will do my best to educate not only myself but others around me of these protocols & technologies along the way.

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

I've been meaning to learn more about DAG protocols and also zkSNARKs, so now I can do both in one place

. Gonna be watching this one.

felixando

copper member

Activity: 137

Merit: 31

Quote from: kamiyama on December 14, 2017, 03:51:01 AM

self-moderated. Why is that?

Hi there , For the same reason most projects self-moderate, to prevent spam & fud.

kamiyama

sr. member

Activity: 742

Merit: 251

self-moderated. Why is that?

felixando

copper member

Activity: 137

Merit: 31

Introduction

Stone will be the first DAG (direct acylic graph) data-structured digital currency with private transactions, allowing instant, fee-less anonymous transaction with high scaling (up to 7,000txs per second) Stone will be forked from the RaiBlocks codebase, whilst the chain is not near completion as it currently stands and it just myself who will be working on the project, i do not offer high quality illustrations & impressive marketing, what i do offer, however is highly scalable, private, instant a fee-less transactions, all on a decentralized network once the project is complete

Work Ethics

What i can promise you

Dedication
Constant updates
a finished product
a quality product delivered in a timely manner

What i cannot promise you

Exchange listings
Price increases
Advertising
False hype
An unfinished product, i always complete a project in time.

This pre-announcement is merely just the beginning of a long path, the stepping stone for a great advance in an already amazing pre-existing technology. I cannot express enough respect Colin and his innovative idea which has solved the blockchain debacle, a incredible amount of work and dedication has gone it to his project and Stone will never discredit his efforts.

Methodology

I've been experimenting with the idea of using zkSNARKs, similar to the tech used in the ZCash cryptocurrency, this will prove to be a challenge since we are no longer using a blockchain, we are using a DAG.

From my findings with drafts between the balanced-weighted vote & sk-SNARKs, unfortunately the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & z-addresses (zStone), with an exact exchange between paired wallets for a private untraceable transaction. My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have received the zStone as it was transacted off-chain.

   OFF-CHAIN
   Bob -> Alice
(zStone) Transactions -> (zStone) Received

   SWAP
   Alice -> Ted (Node) -> Alice
(zStone) Swap 1:1 -> Receive/Send -> (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.

Apologies in advance for the rough draft schematics, this is not anywhere near complete and is subject to change.

zStone would not be a separate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.

Beautiful splash screen mock up work by rmena123

a very short summary, zkSNARKs have 4 main ingredients:

A) Encoding as a polynomial problem

The program that is to be checked is compiled into a quadratic equation of polynomials: t(x) h(x) = w(x) v(x), where the equality holds if and only if the program is computed correctly. The prover wants to convince the verifier that this equality holds.

B) Succinctness by random sampling

The verifier chooses a secret evaluation point s to reduce the problem from multiplying polynomials and verifying polynomial function equality to simple multiplication and equality check on numbers: t(s)h(s) = w(s)v(s)

This reduces both the proof size and the verification time tremendously.

C) Homomorphic encoding / encryption

An encoding/encryption function E is used that has some homomorphic properties (but is not fully homomorphic, something that is not yet practical). This allows the prover to compute E(t(s)), E(h(s)), E(w(s)), E(v(s)) without knowing s, she only knows E(s) and some other helpful encrypted values.

D) Zero Knowledge

The prover permutes the values E(t(s)), E(h(s)), E(w(s)), E(v(s)) by multiplying with a number so that the verifier can still check their correct structure without knowing the actual encoded values.

The very rough idea is that checking t(s)h(s) = w(s)v(s) is identical to checking t(s)h(s) k = w(s)v(s) k for a random secret number k (which is not zero), with the difference that if you are sent only the numbers (t(s)h(s) k) and (w(s)v(s) k), it is impossible to derive t(s)h(s) or w(s)v(s).

(Christian Reitwiessner 2016)

Wallet design by Apocabal

Splash screen:

Overview:

Distribution

Update 22/01/18
As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (if any)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund

Whilst i do not wish to run a crowdsale, donations are welcome and will go towards my efforts in development. Donators will be noted in a database & published alongside Stone's main announcement, your assistance will not go unnoticed, depending on the distribution method selected as a community, donators may be included as a portion of distribution, we must first select method of distribution and work from there. For now donations should be treated as exactly that, donations.

Please note, this announcement thread is a pre-ann and is not complete, i will update as the project progresses.

References:
RaiBlocks Announcement: https://bitcointalksearch.org/topic/annxrbcryptocurrencys-killer-app-raiblocks-micropayments-1381323
RaiBlocks whitepaper: https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf
zkSNARKs: https://blog.ethereum.org/2016/12/05/zksnarks-in-a-nutshell/
Bitcoin: https://bitcoin.org/bitcoin.pdf
DAG: https://en.wikipedia.org/wiki/Transitive_reduction

Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 91. (Read 42181 times)