[XMR] Monero - A secure, private, untraceable cryptocurrency - page 261.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: smooth on January 28, 2018, 01:03:53 PM

Quote from: juno77 on January 28, 2018, 12:50:54 PM

Does anyone know anything about the upcomming Bulletproof release? It hasn't been validated just yet, but I heard from a friend that there may be a fee reduction of 84%? Would be great!

Bulletproofs are under development but there is no specific release scheduled yet. The technology is very new and the math/cryptography team is still coming up with improvements, scrutinizing it for weaknesses, etc. There is a plan for a full formal review before it goes live. It does indeed reduce transaction size (and therefore fees) by about 80%.

To add, for anyone interested in Bulletproofs & fees, see:

https://getmonero.org/2017/12/11/A-note-on-fees.html

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: explorer on January 28, 2018, 07:36:26 PM

Something that could be integrated into the inexpensive open source Monero hardware wallet?

I'm not sure. I think it somewhat relies on a trustworthy central service provider. Basically they need to be making the chips in a physically secure way then providing an interface on the hardware for third parties to verify that the device was manufactured by them. If I'm understanding it all correctly.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Anon136 on January 28, 2018, 06:31:08 PM

Quote from: Anon136 on January 14, 2018, 08:49:39 PM

This was one of the most exciting projects in the bitcoin space a couple of years ago then it just died. http://www.othercoin.com/OtherCoin.pdf

Quote

OtherCoin is an off-chain Bitcoin payment system based on a tamper-resistant smartcard in microSD form factor. OtherCoin works by securely generating, storing and transmitting Bitcoin private keys between parties. Private keys are never revealed to either the sender or the receiver, they can either be used directly in the Bitcoin protocol to sign transactions or securely transmitted to another OtherCoin user. Each OtherCoin smartcard guarantees that the key has either been securely generated by itself or has been received over a secure channel from a similar OtherCoin, with the same restrictions.

I haven't heard anyone talk about it in ages. I think it was a little before it's time. Bitcoin hadn't run into its scaling issues yet and hadn't become generally well known yet either. But maybe it's time has come?

FP specifically has put forward the idea of attacking scaling at all levels and it seems to me that this is a potentially very practical and powerful scaling vector. Additionally it would make many of moneros transactions entirely off chain. This has great implications for privacy. With our funding model we could probably raise the funds necessary to fund the development of some sort of open source application specific hardware device for this sort of thing if a knowledgeable hardware guy were to avail himself.

Mostly I just thought it would be cool if I could kick off a discussion about this proposal. Get it back in the public consciousness. More specifically into the Monero community consciousness. What are your thoughts dear reader?

Bump I guess since no one seemed to have noticed it last time. This particular way of scaling at the low end could be a HUGE part of the solution to scaling.

Something that could be integrated into the inexpensive open source Monero hardware wallet?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: Anon136 on January 14, 2018, 08:49:39 PM

This was one of the most exciting projects in the bitcoin space a couple of years ago then it just died. http://www.othercoin.com/OtherCoin.pdf

Quote

OtherCoin is an off-chain Bitcoin payment system based on a tamper-resistant smartcard in microSD form factor. OtherCoin works by securely generating, storing and transmitting Bitcoin private keys between parties. Private keys are never revealed to either the sender or the receiver, they can either be used directly in the Bitcoin protocol to sign transactions or securely transmitted to another OtherCoin user. Each OtherCoin smartcard guarantees that the key has either been securely generated by itself or has been received over a secure channel from a similar OtherCoin, with the same restrictions.

I haven't heard anyone talk about it in ages. I think it was a little before it's time. Bitcoin hadn't run into its scaling issues yet and hadn't become generally well known yet either. But maybe it's time has come?

FP specifically has put forward the idea of attacking scaling at all levels and it seems to me that this is a potentially very practical and powerful scaling vector. Additionally it would make many of moneros transactions entirely off chain. This has great implications for privacy. With our funding model we could probably raise the funds necessary to fund the development of some sort of open source application specific hardware device for this sort of thing if a knowledgeable hardware guy were to avail himself.

Mostly I just thought it would be cool if I could kick off a discussion about this proposal. Get it back in the public consciousness. More specifically into the Monero community consciousness. What are your thoughts dear reader?

Bump I guess since no one seemed to have noticed it last time. This particular way of scaling at the low end could be a HUGE part of the solution to scaling.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: SparkIt on January 28, 2018, 03:51:03 PM

Quote from: acdc on January 28, 2018, 02:50:30 PM

Quote from: SparkIt on January 28, 2018, 01:52:20 PM

Explain please, what Charlie Lee did to LTC? I see how highly he is committed to the idea of developing blockchain technology. I think, any cooperation will benefit these coins. This is a natural process of evolution of cryptocurrencies and it doesn't depend on our will in here.

https://medium.com/@bitfinexed/coinbase-insider-trading-litecoin-edition-be64ead3facc

It's a sad thing to read. But apparently the market forgives everything.

eg dark coin etc.

SparkIt

hero member

Activity: 714

Merit: 529

Quote from: acdc on January 28, 2018, 02:50:30 PM

Quote from: SparkIt on January 28, 2018, 01:52:20 PM

Explain please, what Charlie Lee did to LTC? I see how highly he is committed to the idea of developing blockchain technology. I think, any cooperation will benefit these coins. This is a natural process of evolution of cryptocurrencies and it doesn't depend on our will in here.

https://medium.com/@bitfinexed/coinbase-insider-trading-litecoin-edition-be64ead3facc

It's a sad thing to read. But apparently the market forgives everything.

ANDREW 555

jr. member

Activity: 182

Merit: 7

Listing on UPcoin (February 01 00:00 UTC)
https://coindar.org/en/event/monero-xmr-listing-on-upcoin-2492

acdc

sr. member

Activity: 939

Merit: 256

Quote from: SparkIt on January 28, 2018, 01:52:20 PM

Explain please, what Charlie Lee did to LTC? I see how highly he is committed to the idea of developing blockchain technology. I think, any cooperation will benefit these coins. This is a natural process of evolution of cryptocurrencies and it doesn't depend on our will in here.

https://medium.com/@bitfinexed/coinbase-insider-trading-litecoin-edition-be64ead3facc

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: explorer on January 27, 2018, 03:51:42 AM

Quote from: elrippos friend on January 27, 2018, 03:05:09 AM

Hy there,

which hardwarewallet does support Monero, i didn't find any, maybe you guys can point me in the right direction Grin

Ledger expects to release their app for the Nano S very soon, and the open source Monero wallet will likely be available before summer.

https://www.reddit.com/r/Monero/comments/7kwbf9/ledger_to_have_monero_support_before_end_of_q1/

Thank you for pointing me in the right direction Grin

Monero Ledger News #6 from /u/cslashm seems very interesting. I hope we get it integrated in the new firmware from ledger with the new batch from Nano S

Waiting strongly here in the EU Cool

SparkIt

hero member

Activity: 714

Merit: 529

Quote from: holly.ball8 on January 28, 2018, 09:28:55 AM

Quote from: Big Naturals on January 28, 2018, 04:54:08 AM

Quote from: crypt0baws on January 28, 2018, 03:28:25 AM

Quote from: nikisev on January 28, 2018, 02:47:14 AM

Did you read news about LTC XMR possible merge?
LTC user base and Monero anonymity.
Need to buy more monero.

Atomic swaps between the two would certainly be interesting. I do respect Litecoin a fair bit, it serves its purpose well and has a large community behind it.

You guys smoked too much of fluffypony's home grown I think, Charlie Lee must be selling dime bags from fluffy's troll stash, to all the noobies who bought his LTC exit dump.

I heard gmax, satoshilite & fluffy were starting a band too, Nirvana covers, "Nerdvana"

After what Charlie Lee did with LTC, I don't think we should let him or LTC cling to XMR. LTC is a good coin, a fine coin for its own purpose but that it. Nothing more.

Explain please, what Charlie Lee did to LTC? I see how highly he is committed to the idea of developing blockchain technology. I think, any cooperation will benefit these coins. This is a natural process of evolution of cryptocurrencies and it doesn't depend on our will in here.

Andretti83

full member

Activity: 297

Merit: 112

PRIVATE AND NOT PREMINED: MONERO, AEON, KARBO

Quote from: dzkrb1966 on January 28, 2018, 12:39:42 PM

Bought dollars for 200 just in case, but suddenly grow up. The coin is quite old, but it has proven itself well. Does anyone know such coins on this algorithm?

Look at aeon and karbo. At least this coins not premined, like sumokoin and a lot of others.

crypt0baws

jr. member

Activity: 57

Merit: 2

Ælf/XMR Enthusiast

Quote from: smooth on January 28, 2018, 01:03:53 PM

Quote from: juno77 on January 28, 2018, 12:50:54 PM

Does anyone know anything about the upcomming Bulletproof release? It hasn't been validated just yet, but I heard from a friend that there may be a fee reduction of 84%? Would be great!

Bulletproofs are under development but there is no specific release scheduled yet. The technology is very new and the math/cryptography team is still coming up with improvements, scrutinizing it for weaknesses, etc. There is a plan for a full formal review before it goes live. It does indeed reduce transaction size (and therefore fees) by about 80%.

Every time I hear the word bulletproof I get a little more excited. 80% would be an incredible feat indeed.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: juno77 on January 28, 2018, 12:50:54 PM

Does anyone know anything about the upcomming Bulletproof release? It hasn't been validated just yet, but I heard from a friend that there may be a fee reduction of 84%? Would be great!

Bulletproofs are under development but there is no specific release scheduled yet. The technology is very new and the math/cryptography team is still coming up with improvements, scrutinizing it for weaknesses, etc. There is a plan for a full formal review before it goes live. It does indeed reduce transaction size (and therefore fees) by about 80%.

crypt0baws

jr. member

Activity: 57

Merit: 2

Ælf/XMR Enthusiast

Quote from: dzkrb1966 on January 28, 2018, 12:39:42 PM

Bought dollars for 200 just in case, but suddenly grow up. The coin is quite old, but it has proven itself well. Does anyone know such coins on this algorithm?

There's Sumokoin that also uses a variation on CryptoNight, and a bunch of other coins that didn't really take off.

juno77

jr. member

Activity: 37

Merit: 10

Does anyone know anything about the upcomming Bulletproof release? It hasn't been validated just yet, but I heard from a friend that there may be a fee reduction of 84%? Would be great!

dzkrb1966

full member

Activity: 602

Merit: 110

Bought dollars for 200 just in case, but suddenly grow up. The coin is quite old, but it has proven itself well. Does anyone know such coins on this algorithm?

crypt0baws

jr. member

Activity: 57

Merit: 2

Ælf/XMR Enthusiast

Quote from: holly.ball8 on January 28, 2018, 09:28:55 AM

Quote from: Big Naturals on January 28, 2018, 04:54:08 AM

Quote from: crypt0baws on January 28, 2018, 03:28:25 AM

Quote from: nikisev on January 28, 2018, 02:47:14 AM

Did you read news about LTC XMR possible merge?
LTC user base and Monero anonymity.
Need to buy more monero.

Atomic swaps between the two would certainly be interesting. I do respect Litecoin a fair bit, it serves its purpose well and has a large community behind it.

You guys smoked too much of fluffypony's home grown I think, Charlie Lee must be selling dime bags from fluffy's troll stash, to all the noobies who bought his LTC exit dump.

I heard gmax, satoshilite & fluffy were starting a band too, Nirvana covers, "Nerdvana"

After what Charlie Lee did with LTC, I don't think we should let him or LTC cling to XMR. LTC is a good coin, a fine coin for its own purpose but that it. Nothing more.

Hmm, perhaps you're right on that one to be honest. It was nice in theory, anyway! Cheesy

holly.ball8

member

Activity: 138

Merit: 10

Quote from: Big Naturals on January 28, 2018, 04:54:08 AM

Quote from: crypt0baws on January 28, 2018, 03:28:25 AM

Quote from: nikisev on January 28, 2018, 02:47:14 AM

Did you read news about LTC XMR possible merge?
LTC user base and Monero anonymity.
Need to buy more monero.

Atomic swaps between the two would certainly be interesting. I do respect Litecoin a fair bit, it serves its purpose well and has a large community behind it.

You guys smoked too much of fluffypony's home grown I think, Charlie Lee must be selling dime bags from fluffy's troll stash, to all the noobies who bought his LTC exit dump.

I heard gmax, satoshilite & fluffy were starting a band too, Nirvana covers, "Nerdvana"

After what Charlie Lee did with LTC, I don't think we should let him or LTC cling to XMR. LTC is a good coin, a fine coin for its own purpose but that it. Nothing more.

serhack

member

Activity: 107

Merit: 168

Security Researcher and Writer

Hello guys,
serhack here!

Can you please write here a feedback about Mastering Monero FFS request?

Link: https://forum.getmonero.org/6/ideas/89797/mastering-monero-ffs

What is it?

Mastering Monero is your guide through the seemingly complex world of Monero, a leading cryptocurrency with a focus on private and censorship-resistant transactions. The book, available as an e-book and hardcover, will provide the knowledge you need to participate in the most exciting grassroots, community-driven privacy project.

crypt0baws

jr. member

Activity: 57

Merit: 2

Ælf/XMR Enthusiast

Quote from: Big Naturals on January 28, 2018, 04:54:08 AM

Quote from: crypt0baws on January 28, 2018, 03:28:25 AM

Quote from: nikisev on January 28, 2018, 02:47:14 AM

Did you read news about LTC XMR possible merge?
LTC user base and Monero anonymity.
Need to buy more monero.

Atomic swaps between the two would certainly be interesting. I do respect Litecoin a fair bit, it serves its purpose well and has a large community behind it.

You guys smoked too much of fluffypony's home grown I think, Charlie Lee must be selling dime bags from fluffy's troll stash, to all the noobies who bought his LTC exit dump.

I heard gmax, satoshilite & fluffy were starting a band too, Nirvana covers, "Nerdvana"

I use LTC for transfers between exchanges and XMR is the ultimate privacy coin, if that means I've smoked some troll stash and listen to Nerdvana so be it! Grin

By the way, LTC has only ever made me money if I've kept it to trade. You know, for coins like XMR. Wink

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 261. (Read 4671660 times)