Title: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: FeIixando on April 28, 2018, 01:24:40 AM https://i.imgur.com/MWXAmrP.png
Introduction Stone will be the first DAG (direct acylic graph) data-structured digital currency with private transactions, allowing instant, fee-less anonymous transaction with high scaling (up to 7,000txs per second) Stone will be forked from the RaiBlocks codebase, whilst the chain is not near completion as it currently stands and it just myself who will be working on the project, i do not offer high quality illustrations & impressive marketing, what i do offer, however is highly scalable, private, instant a fee-less transactions, all on a decentralized network once the project is complete Work Ethics What i can promise you Dedication Constant updates a finished product a quality product delivered in a timely manner What i cannot promise you Exchange listings Price increases Advertising False hype An unfinished product, i always complete a project in time. This pre-announcement is merely just the beginning of a long path, the stepping stone for a great advance in an already amazing pre-existing technology. I cannot express enough respect Colin and his innovative idea which has solved the blockchain debacle, a incredible amount of work and dedication has gone it to his project and Stone will never discredit his efforts. Methodology I've been experimenting with the idea of using zkSNARKs, similar to the tech used in the ZCash cryptocurrency, this will prove to be a challenge since we are no longer using a blockchain, we are using a DAG. From my findings with drafts between the balanced-weighted vote & sk-SNARKs, unfortunately the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & z-addresses (zStone), with an exact exchange between paired wallets for a private untraceable transaction. My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have received the zStone as it was transacted off-chain. OFF-CHAIN Bob -> Alice (zStone) Transactions -> (zStone) Received SWAP Alice -> Ted (Node) -> Alice (zStone) Swap 1:1 -> Receive/Send -> (Stone) Received Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method. Apologies in advance for the rough draft schematics, this is not anywhere near complete and is subject to change. zStone would not be a separate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less. Current splash screen https://i.imgur.com/z7PTBwP.png a very short summary, zkSNARKs have 4 main ingredients: A) Encoding as a polynomial problem The program that is to be checked is compiled into a quadratic equation of polynomials: t(x) h(x) = w(x) v(x), where the equality holds if and only if the program is computed correctly. The prover wants to convince the verifier that this equality holds. B) Succinctness by random sampling The verifier chooses a secret evaluation point s to reduce the problem from multiplying polynomials and verifying polynomial function equality to simple multiplication and equality check on numbers: t(s)h(s) = w(s)v(s) This reduces both the proof size and the verification time tremendously. C) Homomorphic encoding / encryption An encoding/encryption function E is used that has some homomorphic properties (but is not fully homomorphic, something that is not yet practical). This allows the prover to compute E(t(s)), E(h(s)), E(w(s)), E(v(s)) without knowing s, she only knows E(s) and some other helpful encrypted values. D) Zero Knowledge The prover permutes the values E(t(s)), E(h(s)), E(w(s)), E(v(s)) by multiplying with a number so that the verifier can still check their correct structure without knowing the actual encoded values. The very rough idea is that checking t(s)h(s) = w(s)v(s) is identical to checking t(s)h(s) k = w(s)v(s) k for a random secret number k (which is not zero), with the difference that if you are sent only the numbers (t(s)h(s) k) and (w(s)v(s) k), it is impossible to derive t(s)h(s) or w(s)v(s). (Christian Reitwiessner 2016) Current wallet design https://i.imgur.com/aVftfVU.png https://i.imgur.com/G97Pft1.png Distribution This is how the distribution will be done: 40% Donators (with a cap of 500k, see below) 40% Airdrop to Nano holders 17% Giveaways/bounties 3% Development fund https://i.imgur.com/a4TPGFL.png Please note, this announcement thread is a pre-ann and is not complete, i will update as the project progresses. Donations The donations will be capped at 500k USD. You will have to PM me currency used and the address so I can keep track of it. The value of each donation will be converted to USD value at the time of donation. If the value rises to 500k unexpectedly, then the donation period will be stopped. There will of course be a grace period to allow for eventual pending donations. The following currencies are accepted, and the addresses are listed here: Nano:xrb_1zx8brz1a99467sgpsdeygw8npjro5nhj78ktefj1woqwophaqb7hiji8mah Eth: 0x15a7c63f38418FB999dF3953282E14e428201D6a Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: magentarendro11 on April 28, 2018, 02:20:56 AM transaction without cost seems to provide more convenience for us
but I'm not sure about the security network you created Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: AMinerInfo on April 28, 2018, 02:38:37 AM Res
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: BitPotus on April 28, 2018, 02:15:44 PM Quote from: Bitcoin Forum A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. Quote So collected 500K last time and now trying the same scam again.... https://bitcointalk.org/index.php?topic=2581762.0 https://bitcointalk.org/index.php?topic=3118902.0 https://bitcointalk.org/index.php?topic=2680342.0 https://bitcointalk.org/index.php?topic=2677524.0 FUCK YOU SCAMMING CUNT Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: Tomorelli on April 29, 2018, 09:36:14 PM Same user and project name, same description, same scam... :D
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: kalincoolcute on May 01, 2018, 05:37:28 AM Where can I get in formation about your project? Any websites or links?
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: mcall on May 02, 2018, 09:03:01 AM Scam!
https://bitcointalk.org/index.php?topic=2581762.0 Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: emmaeducatorxx on May 03, 2018, 06:33:44 AM Any road maps I can check on? Any websites I can find more information?
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: robinsonhansomeno.1 on May 03, 2018, 02:55:08 PM Do you have a video or something about how it works?
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: flowerofsun12 on May 03, 2018, 02:56:05 PM It would be good if you can add more details so that readers may have a better understanding
Title: Re: [PRE-ANN] Stone - Worlds first DAG Data-structured cryptocurrency with privacy Post by: sluppy on May 04, 2018, 11:06:05 AM Unreal .. SCAM DONT GIVE THIS DICKHEAD ANY MONEY PLEASE.
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