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Title: Bear Bonds - fast, reliable, private Post by: BearBonds on November 13, 2015, 01:22:21 AM We have a new cryptocurrency coming out called Bear Bonds(TM). It features:
- 2 second block rate. - Transactions confirmed in about 30 seconds. - Confirmations are permanent (once a block is confirmed, it cannot be replaced by another block). - It uses "zero knowledge proofs" for privacy (similar to the Zerocash proposal that never came to fruition). - All network communication is over the Tor network for security and privacy. - A lightweight wallet API for easy integration. We have a whitepaper, technical documentation and a technology preview software release on our website at https://www.bearbonds.org. The code is over 80% complete and we are working to finish it as quickly as possible. The wallet API is solid, with a Developer's Guide, Reference Manual and example python script on our website. Software developers are invited to create and integrate wallet applications now. We are happy to answer any questions if we can. Please also review our website--we have extensive documentation and the information may already be there. Thank you, The Bear Bonds Team https://www.bearbonds.org Title: Re: Bear Bonds - fast, reliable, private Post by: WePromoteCrypto on November 13, 2015, 01:22:46 AM Any clue when it'll be ready?
Is this a new algo btw? "2 second block rate" - Do you mean that chain will proceed each block every 2 seconds? Isn't that extremely dangerous? Title: Re: Bear Bonds - fast, reliable, private Post by: kcanup on November 13, 2015, 01:23:17 AM specs?
Title: Re: Bear Bonds - fast, reliable, private Post by: Sir_Astral on November 13, 2015, 01:24:00 AM POW?
Title: Re: Bear Bonds - fast, reliable, private Post by: finder on November 13, 2015, 01:24:28 AM I hope it's a new kind of coin Not a shameless cheater virus
Title: Re: Bear Bonds - fast, reliable, private Post by: Sir_Astral on November 13, 2015, 01:31:40 AM creating bonds seqnums 9 - 12 with unspent pool of 4 bonds
fetching most recent merkle root... query length 216 bytes adding proof-of-work... sending query to server... the estimated transaction size is 785 and the suggested donation is 7577396051968 inseqnums [7, 5, 6, 8] invals [249366399848259464L, 278079129306241834L, 433288261526997579L, 494190506009212350L] outvals [24477393438997462L, 309947858693346124L, 449323791137794574L, 447928384864556532L] donation 223246868556016535 generating transaction... ??? Title: Re: Bear Bonds - fast, reliable, private Post by: BearBonds on November 13, 2015, 02:09:55 AM creating bonds seqnums 9 - 12 with unspent pool of 4 bonds fetching most recent merkle root... query length 216 bytes adding proof-of-work... sending query to server... the estimated transaction size is 785 and the suggested donation is 7577396051968 inseqnums [7, 5, 6, 8] invals [249366399848259464L, 278079129306241834L, 433288261526997579L, 494190506009212350L] outvals [24477393438997462L, 309947858693346124L, 449323791137794574L, 447928384864556532L] donation 223246868556016535 generating transaction... A lot of that might be explained by the documentation and comments in the python script. Briefly, this output says the wallet simulation script created a transaction with four output bonds having sequence numbers 9, 10, 11, and 12, and four input bonds having sequence numbers 7, 5, 6 and 8. The input bond values are shown by the invals array, and the output values by the outvals array. The donation (similar to a Bitcoin fee) is 223246868556016535. The test network allows any value for the donation (including negative values), and, to make the script simplier, the donation is being set here to make invals = outvals + donation (which is enforced on the test network). Note that the values are 64 bits, and one Bear Bonds = 2^50, so scale those numbers down to convert the units to Bear Bonds. Feel free to modify the script to see if you can break the transaction rules given in the documentation :-) Title: Re: Bear Bonds - fast, reliable, private Post by: Sir_Astral on November 13, 2015, 02:11:53 AM This is totally not user friendly software. Only for geeks.
Title: Re: Bear Bonds - fast, reliable, private Post by: BearBonds on November 13, 2015, 02:16:17 AM This is totally not user friendly software. Only for geeks. Yes, it's a wallet simulation script that demonstrates how the wallet API is used. Its a starting point for software developers who want to create a Bear Bonds wallet, or add Bear Bonds to an existing wallet application. Title: Re: Bear Bonds - fast, reliable, private Post by: alicex on November 13, 2015, 05:16:40 AM Any clue when it'll be ready? Is this a new algo btw? "2 second block rate" - Do you mean that chain will proceed each block every 2 seconds? Isn't that extremely dangerous? yeah,its really need to be taken into account . Title: Re: Bear Bonds - fast, reliable, private Post by: nagatraju on November 13, 2015, 06:43:12 AM How to mine it? Is solo mining is possible?
Title: Re: Bear Bonds - fast, reliable, private Post by: bathrobehero on November 13, 2015, 04:17:40 PM I'm guessing it's also centralized?
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