Topic: Zerovert - First Truly & Only Anonymous Coin with Zerocoin | Mandatory Upgrade ! - page 23. (Read 50921 times)

The accumulator requires an RSA modulus of unknown factorization, so we used the RSA modulus of unknown factorization from the world renowned RSA factoring challenge.

We implement zerocoin, not zerocash. And yes, we said generating transaction is less than a second, with verification time less than a minute

They don't have to show all of the code in fact they only need enough so that they can verify transactions and see how its done and if it is indeed legit! You guys are right though, exchanges will not accept a binary on it's own and zerovert will have to show at least some of the code. This is assuming of course that the exchange is not completely crazy. Most do have this manifesto at least!

I'm really excited about this proposal but its extremely fast and its premine is to me, a complete and utter fail/turnoff! Personally i do not support premine coins and will not be supporting this coin with one and neither should anyone else and ill elaborate some. It is more trust and a great opportunity later for people to open a can of worms with regards to dev integrity and trust in the public eye! I believe devs need to be paid but i also believe if we just give them the funds in this way we have no guarantee of anything. History has proven it and its insane to expect it to be any different here. Devs earn trust, they earn it by proving their tech is invaluable and thus VC will fund them to continue their work, if in fact it is good enough. If it isn't then there is no funding and we end up with a far better quality in this space then we would by giving devs control of money without any accountability legaly and before they prove anything even works properly! I could go on about 100 more things with regards to why premine is bad but i wont. I will just put it out there to try and push for no premine.

If this is real and because they came out of nowhere, if they gain a 3rd party audit and they remove the premine. I will have no issues supporting Their work and neither should anyone else. But they just came out of nowhere with no trust at all, on two newbie accounts and already i see some simpletons begging to buy/waste their money on yet another set to fail start! They don't deserve a premine, especially when They have not even proven the tech works under heavy testing or at all (apple "thoroughly" tested iCloud too in closed testing!) If they can share with us their testing techniques and what, if any network simulators they used or wrote that would help.

Right now they are on two newbie accounts with a 2.5% premine, hyping the biggest innovation in anon cryptocurrency tech to date. They have not proven anything except quoting some solutions to the issues which stand out as obvious paths to take but also have plenty of complications to implement. People are possibly going to run at this like no tomorrow and i just want to reiterate that by people supporting premine, yet again we are asking for trouble..Premine is not needed, satoshi and all the devs within bitcoin never used one, litecoin ect ect ect, If its good, the devs will be funded! Push for no premine and push for a 3rd party audit before risking any substantial amount of money on this people, as they have not proven they can implement anything! This is what i firmly believe is hurting this industry. If we continue to allow potential theft by trusting devs so easily we will get no where fast!


Any % of premine is an alarming proposal and i hope they remove it because it basically closes the doors unnecessarily to opportunities/suppoprt for the project right from the get go!

It's script-n as stated in the op, and you mine to the wallet aka solomine

Is it clean? How to mine?

Would be nice to have the full mining info, so the rest of us can mine it as well.

Right, but can you explain how you did the trustless setup to establish the accumulator? And also what trustless entities exactly were included in the setup, as right now it's impossible to verify that anyone except you has generated the accumulator? That's a rather important point as it would allow you to spend anyone's money otherwise, without anyone possibly being able to tell it was you doing so. It seems confusing to me how you possibly got the niZKP down to a reasonable size and verification time, too, for instance they're 128-256 kb in the default implementation, with verification times of 4 or more seconds each.

SHA256:    4fc1b7d0041a046eac4598a38975cc735f8d576263dbc02d9813862aa04d1bbd
File name:    Zerovert-0.8.7.1-win32-setup.exe
Detection ratio:    1 / 54
Analysis date:    2014-11-05 17:03:57 UTC ( 1 minute ago )

http://en.wikipedia.org/wiki/RSA_Factoring_Challenge

 

Hi. Not having it open source for now does not preclude exchanges from listing it. In addition, we are also working with exchanges to get this listed, and have several contacts in the Bitcoin industry.

With future development of our project, we are looking to push the bounds of what is possible with cryptocurrencies. We are considering creating a multi-coin wallet with support for p2p atomic cross chain trading so no centralized exchanges will be needed.

Or, maybe they can host their own exchange? I'm sure there will also be OTC trading thread(s). If you know any reliable escrows I'd suggest getting their attention sooner rather than later.

And yes, it will likely be a very rare occurrence for a cryptocurrency exchange involved in trading and transmitting money to host unknown, closed source cryptocurrency software from newbie accounts on their servers.

Have you gotten in contact with any of them?

You should at least let exchanges have open source so we can trade the coin, otherwise it has no value if we cannot publicly trade it. Please think this over.

- What would the blockchain size for zerovert be if it was vertcoin for example? (same amount of time going now, same amount of transactions)
Almost the same. Only difference is the accumulator which is less than a kb per block

- how long does it take to create an average tx you can find on the vertcoin network right now (same avg inputs, depth..),
The act of creating an average tx is nearly the same (createrawtransaction, signrawtransaction, sendrawtransaction each under a second).

- same but how long to confirm?
(I'm using vertcoin as the benchmark since you should be familiar with the current metrics and it's a more or less successful alt with some volume.)
less than a minute

- so, in general, how much more space/bandwidth or cpu power than a btc transaction do you need? (zerocoin is many times more)
Space - not much more actually, we use an incremental accumulator that is A = u^(c1 * c2 * c3... * cn) mod n. So accumulator is less than a kb.

Cpu power, not a lot more either. We'll do some more performance testing to see compare to bitcoin later on.

- zerocoins have to be all the same face value, how are you addressing that? a few different zerocoin types? just one? your thoughts on the constraints either choice implies

One for now, we will eventually integrate support for multiple denominations

- are you basing your work on https://github.com/Zerocoin/libzerocoin ?

A bit of it

- Address these issues: http://en.wikipedia.org/wiki/Zerocoin#Criticism

Stored outside of blockchain, with RSA modulus from world renowned RSA factoring challenge of unknown factorization. Computational time is very reasonable in comparison to bitcoin

- Are you improving any aspects of zerocoin in the same way as zerocash? if so, what exactly?

We're investigating a lot of different possible improvements. If you can ask about specific improvements, I'll be better suited to answer. Not all improvements are possible with zerocoin though.

- Are you improving any aspects of the original zerocoin in other ways? in what ways exactly?

Using the RSA modulus from world renowned RSA factoring challenge of unknown factorization

- No pool or exchange will run your closed-source client in their servers, even less so given that you are unknown/id unproven so far. How do you plan on making people adopt your coin with closed source.

Not sure if that's true

New open source not immunity from shadow fud team. You learn that coming up.

This is not the SDC thread but credit where credit is due Shadow dev/team have delivered new open-source technology. Lets not get bent up on twisting facts regardless of the crypto currency and its followers actions.

Back to ZeroVert....

 
Please stop asking question I don't understand.

Just buy my coin.

I'll deliver magic.

98% shadow codebase copy-pasta from bitcoin, peercoin. Shadow fud team insecure hypocrite. 

Just in general, I think it's good to have code available for review. I understand your concerns about someone copying your code, and I'm not going to review the code myself, but I'm also not going to install it on my computer when it's only available in closed source binary. I'm still not using vert wallet with stealth addresses because source still hasn't been released afaik, even though there are apparently lots of coins with stealth addresses now. Just kind of sucks that if I want to get giveaway coins I have to setup wallet in virtual machine or something...maybe you can just save mine until you release the source

Anyway, hope launch goes well, and hope you are able to get some new and old people excited about vert. Best of luck!

Thank you! I'm glad it works if it truly does
- What would the blockchain size for zerovert be if it was vertcoin for example? (same amount of time going now, same amount of transactions)
- how long does it take to create an average tx you can find on the vertcoin network right now (same avg inputs, depth..),
- same but how long to confirm?
(I'm using vertcoin as the benchmark since you should be familiar with the current metrics and it's a more or less successful alt with some volume.)
- so, in general, how much more space/bandwidth or cpu power than a btc transaction do you need? (zerocoin is many times more)
- zerocoins have to be all the same face value, how are you addressing that? a few different zerocoin types? just one? your thoughts on the constraints either choice implies
- are you basing your work on https://github.com/Zerocoin/libzerocoin ?
- Address these issues: http://en.wikipedia.org/wiki/Zerocoin#Criticism
- Are you improving any aspects of zerocoin in the same way as zerocash? if so, what exactly?
- Are you improving any aspects of the original zerocoin in other ways? in what ways exactly?
- No pool or exchange will run your closed-source client in their servers, even less so given that you are unknown/id unproven so far. How do you plan on making people adopt your coin with closed source.

Closed source for now, in an effort to create a network effect so someone doesn't just copy our code and claim they implemented zerocoin first.

Which specific questions do you have about efficacy? Would be happy to answer.