Topic: [Pre-ANN]⚠️💰🔐COINAGE☀️👀⚠️⚠️coinage.org ₡ 6 Years Project Moving to Beta - page 5. (Read 19267 times)
February 06, 2018, 01:46:46 AM
These updates should effectively solve some of the larger issues associated with current coins that are being used.
February 06, 2018, 12:01:47 AM
ICOs for a coin go against the point of the crypto currencies.
We are working on the headless UI today. Then more unit tests.
A couple of technical items update.
Ever notice how slow network propagation of new blocks is, we're pushing out 60 bytes to propagate the whole network instead of the 1048576 bytes that Bitcoin uses. We only broadcast the block header when we mine it, and wait for nodes that are interested in the full data to ask us for it. The number of transactions per block will be unlimited to effectively increase throughput.
To avoid timejacking each node uses their local utc timestamp as the network time.
We also setup the coin to use dynamic connections. The node will constantly disconnect a random node and connect to another random node from the list of known nodes. It makes the whole network dynamic and improves reliability of the nodes.
So an attacker cannot potentially force the target node to connect to his own and thus fool it.
For throughput: each p2p connection is encrypted with a one time public key encryption to stop unwanted intervention, making it harder to filter out coon traffic in case someone tries to block it.
These features should correct existing issues with scaling for a very long time.
We are working on the headless UI today. Then more unit tests.
A couple of technical items update.
Ever notice how slow network propagation of new blocks is, we're pushing out 60 bytes to propagate the whole network instead of the 1048576 bytes that Bitcoin uses. We only broadcast the block header when we mine it, and wait for nodes that are interested in the full data to ask us for it. The number of transactions per block will be unlimited to effectively increase throughput.
To avoid timejacking each node uses their local utc timestamp as the network time.
We also setup the coin to use dynamic connections. The node will constantly disconnect a random node and connect to another random node from the list of known nodes. It makes the whole network dynamic and improves reliability of the nodes.
So an attacker cannot potentially force the target node to connect to his own and thus fool it.
For throughput: each p2p connection is encrypted with a one time public key encryption to stop unwanted intervention, making it harder to filter out coon traffic in case someone tries to block it.
These features should correct existing issues with scaling for a very long time.
February 04, 2018, 11:37:20 PM
Byteball is a slave to BTC, as its distribution was tied to the presence of BTC. The distribution of Byteball made the rich richer. Therefore, after the end of the hand, Byteball will be destroyed. If the distribution is - then it must be tied to something else,
Dont think byteball will be distriyed after the distribution,as the technology behind it is very innovative.
Why is there no ICO for this project?
Because they don't like the ICO structure that has been used and abused, they'd rather do a fair distribution. If coin/technology is good advertising will come by its followers.
February 04, 2018, 05:39:24 PM
Byteball is a slave to BTC, as its distribution was tied to the presence of BTC. The distribution of Byteball made the rich richer. Therefore, after the end of the hand, Byteball will be destroyed. If the distribution is - then it must be tied to something else,
Dont think byteball will be distriyed after the distribution,as the technology behind it is very innovative.
Why is there no ICO for this project?
February 04, 2018, 02:44:30 PM
This certainly would give more legitimacy to coinage in the main markets than is currently available.
So that's a pretty good prize, just legitimacy will even help and will make it easier on various occasions.
February 04, 2018, 02:35:07 PM
On a side note, we are on a separate project 3 months into a 1.5 year dev process for a fiber optic processor for mining. The group who we partnered with has been developing fpgas, lens, 3d monitors and other tech for years. The goal of the miner will be to advance efficiency at least 1 order of magnitude while reducing power consumption issue that will plague btc when difficulty continues to skyrocket.
The partner company will be seeking investors privately but we are encouraging them to produce whitepaper for public eyes and include the crypto community. We will keep everyone updated if they go that route.
The partner company will be seeking investors privately but we are encouraging them to produce whitepaper for public eyes and include the crypto community. We will keep everyone updated if they go that route.
February 04, 2018, 02:01:02 PM
No, we had to rewrite the miner due to a bug where forks although not being used were being added to the db. However that is corrected now and we have begun alpha testing as of today, staking will be implemented for beta.
February 02, 2018, 10:01:00 PM
Hopefully on to staking as the last item by now? 
January 27, 2018, 09:49:16 AM
Good to see updates on this. Would so love to test this out but I probably don't have sufficient rank to do so.
January 27, 2018, 09:38:36 AM
Yes and today we finished ui. Testing is beginning and unit tests being written. Staking will be last item.
January 25, 2018, 03:24:20 AM
We have 3 items left, complete removal of script, finish staking integration and tie transactions to the UI. We are hopefully going to be done next week. We will need to update the unit tests to 80% coverage before beta. After all this we will begin working on documentation for the plug-in system.
Staking integration as in Proof of Stake? So it will be POW, POS hybrid?
January 23, 2018, 02:00:34 AM
Exciting stuff! Almost time to break out the champagne
January 22, 2018, 03:18:38 PM
We have 3 items left, complete removal of script, finish staking integration and tie transactions to the UI. We are hopefully going to be done next week. We will need to update the unit tests to 80% coverage before beta. After all this we will begin working on documentation for the plug-in system.
January 14, 2018, 03:12:05 PM
Any new news to report on/updates?
January 10, 2018, 11:23:50 AM
Paging Dr. Coinage.org!
Hi there - I’ve been eyeballing this project for a bit now. I work with Komodo Platform (lead developer @jl777B) doing outreach to integrate other coins into our ecosystem and otherwise make it grow. We are open source, free, and for the people. Fees on our exchange are minimal, and our atomic swaps use the most secure protocol available (Noel Tiernan’s). Coinage would be a perfect addition! Users would be able to trade their mined Coinage on BarterDEX, our decentralized exchange, immediately using atomic swaps.
I know you are scarce on details on the codebase, but would your coin be able to meet these requirements?
What does a non-Bitcoin/zCash-protocl coin need to do to make atomic swaps possible on BarterDEX?
Keep up the good work!
Jay
Hi there - I’ve been eyeballing this project for a bit now. I work with Komodo Platform (lead developer @jl777B) doing outreach to integrate other coins into our ecosystem and otherwise make it grow. We are open source, free, and for the people. Fees on our exchange are minimal, and our atomic swaps use the most secure protocol available (Noel Tiernan’s). Coinage would be a perfect addition! Users would be able to trade their mined Coinage on BarterDEX, our decentralized exchange, immediately using atomic swaps.
I know you are scarce on details on the codebase, but would your coin be able to meet these requirements?
- bitcoin protocol
- CLTV (bip 65) support
- gettxout and importaddress rpc calls
- and 8 digits for one coin
What does a non-Bitcoin/zCash-protocl coin need to do to make atomic swaps possible on BarterDEX?
Quote from: jl777B, lead Developer at Komodo Platform
"the code to do all this is quite complicated and I assumed a bitcoin protocol coin, but it is possible to do the atomic swaps even if only 2of2 multisig is supported. So i guess a bitcoin protocol emulator for the subset of rpc calls that I use and at least a 2of2 multisig, but preferably CLTV mechanism to be able to handle both sides of the trade... this would require making changes to the existing barterDEX code, unless the bitcoin protocol emulator is really, really good and it actually works as a bitcoin protocol coin via rpc calls"
Keep up the good work!
Jay
January 10, 2018, 02:42:37 AM
Still watching this project and excited about it.
January 03, 2018, 01:44:04 AM
No date is set, it all depends on when the wallet is completed and tx are all moving as intended.
January 02, 2018, 04:00:04 PM
I know you said mining will be in the wallet, but as the difficulty increases will you also make it possible to join a pool from within the wallet?
Also I know you said full ANN sometime in January. Do you have a specific date set?
Also I know you said full ANN sometime in January. Do you have a specific date set?
December 29, 2017, 01:18:50 PM
Their existing platform is in compliance with kyc, ftc sec etc. So we would like community feedback on if this is an avenue we should take.
Don't see any negative effects this would cause if you guys took that avenue. So in that case I'm all for it! Would like more information about it though before being 100 percent certain
I agree. But without more info, it is difficult to ascertain whether there are any possible cons.
December 29, 2017, 01:14:45 PM
Their existing platform is in compliance with kyc, ftc sec etc. So we would like community feedback on if this is an avenue we should take.
Don't see any negative effects this would cause if you guys took that avenue. So in that case I'm all for it! Would like more information about it though before being 100 percent certain. But I see it as a positive because it adds legitimacy to the coin
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