Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 51. (Read 433405 times)

Answering point 2:

Im running 5 super peers, and getting around 60-120VNL each day (of course holding  )

If you are running the wallet 24/7 you will have more possibilites to take a "reward" now the rewards are 7.407vnl.

You need to get 10.000 vnls, and when you have into your wallet, sent a transaction to your own address of unique 10.000 (without zerotime)

after sending the 10k you must restart your wallet

after that you must go to your wallet data (where stores wallet.dat etc) and edit config.dat and disable proof of stake editing to "0" if not, when you stake, you'll lose the balance of 10.000 and stop node super peer.

You must check in config.dat the port, and open TCP & UDP

you can check you are super peer in the console doing "getincentiveinfo"

I hope don't forget anything.


Best Regards, and enjoy community,

same as other,I'll buy you

Also we are on momentum right now ,see on Coin market cap USD curve

An other happy VNL holder, it's that simple guys...
Now let this community grow :-)

Regards

Goldmaxx

Thank you for your kind great, in depth reply; I think I'm done asking question, now I get to play with my new wallet .

Pablo.

John did say when the time is right and the coin is mature he will dox himself, and that he is a P2P and Crypto veteran of over 20 years. So I hope that helps Pablo.

Does anyone have an XML script to import VNL price to google docs that they could share?

I've been trying to make one but I suck at it .

Thanks,
  Pablo.

The dev is anon, but has a history of living up to his promises in the past year of leading Vanillacoin. He accomplished more code in less time (alone) than what DASH/XMR or most well known competitors did.


I host them from my home connection, but I usually don't have disconnects (1-2x/week max) and my Super Peer is working well enough. If you prefer a hosting service, you can try a VPS provider, there are cheap ones out there. A guide on the official Vanillacoin forums: https://talk.vanillacoin.net/topic/218/how-to-run-a-vnl-incentive-node-on-a-vps

You only need hosting if you plan to take part in the Node Incentive system though. http://vanillacoin.net/wiki/Technologies/Node%20Incentives.md


Proof of Stake should be turned off on the machine hosting a super peer because it takes the 10k and stakes it, thus disrupting it's work. Else the Proof of Stake value is 0.7% yearly to secure the network and to give a bonus to holders for doing so. Proof of Stake happens on wallets that are open for a given time and hold any amount of coins, the first stake can take a longer time to achieve. (Paid) Hosting just for POS is probably not worth it with the current price levels if you are looking at it for an income. Vanillacoin's POS is very energy efficient so if you have a PC at home running for most of the time anyway, feel free to stake. Else we have a Beta Android and iOS wallet, I used to stake on my Android phone (before using the node incentives) and it took almost no battery power away from my daily use (around 1-5% maybe?).

Please feel free to ask if you don't find/see anything.

Ahh, I see.

Well that's a bit of a turnoff. Anywho, already bought .

Pablo.

Cuz of his nickname JOHN-connor

Really? I notice a lot of people call him "John"?

Pablo.

No, he is anonymous. 

I'd like to thank everyone for their helpful responses; I am actually buying my first coins on Polo right now and am eager to give the coin a try.

I still have some outstanding questions though:

1. Is there a linkdin page or somewhere I can get a bio and other RL info from the dev?

2. Do superpeers need to be hosted? I assume they need to be hosted due to the need for constant uptime/ if so, is their a service that can help me do this? I am not very technical but I will have my first 10k coins by the end of the day.

3. I have heard about Proof of Stake and have a general understanding of the concept, not sure how is works in practice though; I mean, do I just open my wallet and let my cash "stake" by itself? Does it even need to be open? Would it be better if I hosted it on a server? Etc.

Thanks,
   Pablo.

Now, that's what I meant...
Awesome constructive replies, thanks guys!

Regards

Goldmaxx

Best to hear it from John if he responds, but:

1. Person who sends it locks the transaction.  The superpeers are the ones who vote if it's valid or not.  If one superpeer sees that you performed another lock, you get a Zerotime Lock Conflict and it turns into a normal transaction needing 1 confirmation to confirm.  https://talk.vanillacoin.net/topic/173/zerotime/3

2. The wallet can be called a client.  Client nodes are the mobile nodes, ie. Android and iOS.  They can stake but they don't relay much information so they won't use much bandwidth.  Peers are firewalled Windows, Mac, or Linux clients.  A superpeer isn't exactly the same as a masternode.  Superpeers do the voting.

3. Peers and clients are incentivized with proof of stake, which I assume you're familiar with.  Superpeers are incentivized with node incentives.  No, superpeers vote on which superpeer will receive the node incentive for the current block.

4. 0 coins are needed to run a superpeer.  In order to receive node incentives, you need to send 10000 coins in 1 transaction to the default address of your super peer.

i'll do my best
1. the network (of superpeers) forms a consensus
2. vnl does not obfuscate the blockchain, there are no mixers atm
3. superpeers are rewarded a percentage of new block rewards found, there is no hashing done, the reward is for running a healthy node
4. 10000 vnl needed, as to the rest, brb
   someone posted a tut somewhere, can't find it atm, some info here   http://vanillacoin.net/wiki/Technologies/Node%20Incentives.md

Just a P.S. to my last post:

Can someone please link me to the devs Lindin page?

Thanks,
  Pablo.

You shouldn't excuse...your questions are legit...
Someone with more expertise will answer your questions soon!

Regards

Goldmaxx

After reading the White Papers i have a couple of questions because I am not sure I grasp some concepts:

1. On instant send implementation, which of the three network layers performs the lock, the client, the peer or the super peer?

2. I understand the client to be the wallet, a peer to be a sort of "checker" or of locks on the network and the superpeer to be the equivalent of what in Dash would be a masternode. Is this correct? To be clear I am not saying it's the same thing, I just want to be able to relate something I don't understand to something else I have a better grasp on for the sake of understanding.

3. How are these layers incentivized exactly. As far as I understand it, people running superpeeers also need to solve a hash, somewhat like miners?

4. How many coins are needed to run a superpeer and how are these set up (can someone please point me to a guide)?

Sorry if some of my questions are obvious.

Thanks,
  Pablo.

Someone just dumped to 5.8K :-O
How low can you go?

Regards

Goldmaxx

I bet you will like what you read in the whitepapers :-)

Regards

Goldmaxx