Bitcoin Forum

What is Lava?
Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). It embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.
PoC is a consensus mechanism of high security,but relying on very low energy consumption.Great fairness and openness. It is therefore conducive to building a stronger trustless on- chain ecology and assembling a wider range of consensus and value. Lava has adopted an improved PoC mechanism, namely Lava- Firestone, greatly relaxing the hardware barriers set to maintain a decentralized network, and making it easier and more cost- effecient for anyone to utilize handy but idle storage devices to participate in block forging.
The whole ecology is designed for a complete close loop: Lava builds consensus from global storage space, and in return gives feedback to the space with the trust-value gained from consensus. The concept of “building” comes from the PoC consensus mechanism adopted by the main chain. It requires a large and distributed storage networks to contribute “capacity power” to create Root-of-Trust on the blockchain.

About Lava
Consensus from Space
Lava Blockchain operates on Lava-Firestone, a Proof of Capacity (PoC)-based consensus mechanism. You prove to the network the storage capacity you hold, participate in the competition of block forging, and maintain the security and credibility of the whole decentralized network. As a permissionless and threshold-free consensus protocol, Lava enables you to participate in our consensus by contributing storage capacity wherever you are and whatever storage devices are in your hand. Lava is featured by such protocols of great openness and in return makes itself infinitely scalable.

Green Mining
PoC mining in Lava Blockchain does not consume electricity as in stereotypes. Rather, it relies on statically stored data.Thus no high-powered computing devices are required.Only about one percent of power consumption will be needed for PoC protocol network to achieve security equivalent to that of PoW. What is more, as PoW will inevitably go ASIC, which as a result weakens the degree of system decentralization. PoC protocol, however, has naturally avoided such problems by working on mining blocks with storage devices.

Meaningful Storage
Lava Blockchain presents a powerful consensus practice from global storage space and become a trust infrastructure for distributed social collaboration. But it doesn't stop there: Thanks to the growing maturity of cross-chain communication technology and the ever-increasing scale of distributed content-addressable storage networks, Lava comes with decentralized storage applications that help feeding trust value into social value. In the future, Lava will in stages build a master protocol based on Layer 2 Embedment and Underlying Indexing, and support all distributed content-addressable storage networks will in the form of Layer 2 of Lava mainchain.

Info
Website
https://www.lavatech.org

Block Explorers
http://explorer.lavatech.org/

White Paper
https://www.lavatech.org/en/pdf  

Twitter
https://twitter.com/LavaConsortium

Facebook
https://www.facebook.com/LavaStorage/

Medium
https://medium.com/@Lavatech

Github
https://www.github.com/lavaio

Telegram
 https://t.me/lavatech

QQ group
869133068

discord
https://discord.gg/uzxqe3P

Lava Specifications
Mining alhorithm:Shabal
Blocktime:4 min
Max Supply:332,800,000 LV
Block Reward：640 LV if a Firestone is consumed by the miner, or 320 LV if not; Halving period: 260,000 Block Height (which last approximately two years);
Lava mainnet officially launched:28-Aug-2019
Premine：
·Tech team 2%;
·Community development start-up fund 2%;
·Lava Foundation, for mid to long-term ecology development 3%;
······Total 7%

Lava Mining
Pools
www.168pool.com
www.b3pool.com
www.onepool.co
https://lava.foxypool.cf/

-About:
Lava Plotting & Mining Instruction：https://github.com/lavafy/testnet/blob/master/Lava-Plotting-and-Mining-Guide-EN.md
Lava-Miner-Guide-EN：https://github.com/lavafy/testnet/blob/master/Lava-Miner-Guide-EN.md
Lava Full Node (Lava Core) Guide：https://github.com/lavafy/testnet/blob/master/Lava-Full-Node-Guide-EN.md
A Guide for Lava Firestone：https://github.com/lavafy/testnet/blob/master/Lava-Firestone-Guide-EN.md
A Guide for Lava Binding Mechanism：https://github.com/lavafy/testnet/blob/master/Lava-Binding-Guide-EN.md

Wallets & Downloads
Linux full node wallet：https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-linux-v0.3.4.tar.gz
Osx full node wallet: https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-osx-x64-v0.3.4.tar.gz
Windows full node wallet: https://github.com/lavafy/testnet/releases/download/lava-v0.3.4/lava-win64-v0.3.4.zip
windows-disable full node wallet: https://github.com/lavafy/testnet/releases/download/v0.3.2/lava-win64-disable-asm-v0.3.2.zip
Lava Miner:
https://github.com/lavafy/testnet/releases/download/v0.3.0/lava-miner-v0.1.7.zip
Windows light wallet:
https[Suspicious link removed]
Mac light wallet:
https://github.com/lavafy/testnet/releases/download/lavaGui-v0.4.1/lava-light-wallet-v1.0.6.dmg
Win full node gui wallet：https://github.com/lavaio/lava/releases/download/lava-v0.3.4/lava-qt-win64-v0.3.4.zip
Mac full node gui wallet：https://github.com/lavaio/lava/releases/download/lava-v0.3.4/lava-qt-osx-v0.3.4.zip
Android light wallet：https://github.com/lavaio/Electron-Lava/releases/download/lava-v1.0.6/lava-light-wallet-1.0.6-mainnet.apk

Events | PoC Emerging Project LAVA will Open Source on this 16th Day

According to LAVA official news, LAVA will open code source on the 16th of this month, which will later be released on Github. In the early stage of the launch, the LAVA team has clearly stated that it will open source after product moving online. The source opening this time will greatly promote the overall ecological development of LAVA. It is also hoped to attract more open source developers to join the LAVA community to co-build the LAVA ecosystem and develop infrastructure for global storage.
Lava is a fully decentralized PoC project. The entire network computing power is without limits. Lava’s vision is for itself to become a root of trust and top-level index of the global storage spaces, positioning to develop into a meaningful storage infrastructure and supporting applications and services based on decentralized storage networks.


Telegram: https://t.me/lavatech
Twitter: https://twitter.com/LavaStorage
Lava official website: https://www.lavatech.org/

Is this a testnet? if so you need to tell people most testnet coins are gone when mainnet starts and miners hate that

in the announcement it states:  Date of Launch:28-Aug-2019
So I am not sure if it is still testnet or not right now.

EDIT: on the website it states: Lava main network officially launched!

No,Lava's mainnet was launched on August 28, 2019.Welcome to join lava community.

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Thank you for your reminder, the post has been modified. ;D ;D ;D ;D

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2019-10-16 NOTICE：LAVA Off-market price on the day 1694SAT

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Lava’s Open Source丨A New Era of PoC Ecology Development

In 2009, the Bitcoin came into the world. Its creator, Nakamoto, wanted to develop a new decentralized payment system that frees a centralized accounting unit thereby enabling everyone the right to do the accounting. The entire process is completely open and transparent. That’s how the concept of “decentralization” has arisen.

Nakamoto also opened the Bitcoin project code in the community, and Bitcoin became the first open-source blockchain project in history.

Since then, Bitcoin and PoW (Proof of Work) began to enter the public attention. While due to the waste of resources and centralization of computing power shown by the PoW mechanism over time, it became increasingly unfit for the current environment. Luckily, with the continuous exploration done by many blockchain practitioners, projects centered on the PoC (Proof of Capacity) mechanism have emerged.

In 2014, Burst embarked on the PoC (Proof of Capacity) consensus mechanism. The strength of this consensus is that it only requires the equipment of lower cost and enables everyone to participate in the forging by using idle resources. By doing so, Burst followed the spirit of decentralization and sharing, where he made the source code of the project available for all. Though the project did not achieve substantial success in the traditional sense due to the economic model it adopted, the code sharing has provided inspirations for many latecomers.

On Oct. 16th, 2019, Lava officially opened its source on Github, a platform with more than 9 million global developer users, in order to involve more people to participate in the project and promote the development of PoC and even the blockchain as a whole. Lava is there committing to building an open-source, inclusive, and decentralized ecosystem.

What does open source mean to us?

If you compare the blockchain technology to a super-large ledger that everyone can view, then such a large ledger will naturally require multiple parties to participate and collaborate. But how to quickly establish mutual trust in the process of collaboration? Perhaps the best way to do this is through the open source.

First, the code is kept wholly transparent. The whole blockchain ensures the trust of the network and data through increasing the number of participants. Only when the whole network is transparent and open-source can it attain such a level of real trust.

Besides, more technical talents will be involved. The diversity of the community after the open source needs more global blockchain enthusiasts and co-builders, which to some extent can also help increase the innovative ability of the project.
 
Moreover, the efficiency will be improved with lower code error rates. With a multi-party supervision, the team will pay more attention to the code quality of the project and minimize project vulnerabilities, thus lowering development costs in some way.

Finally, the development of the whole blockchain industry will be boosted. In the future, all the public chains are expected to be more closely connected. Only by opening source, can we effectively reduce those repetitive work and achieve the real high-speed development of the blockchain as a whole.
 
It is worth mentioning that among the many PoC projects, Lava was the first to propose opening the source at the beginning of its project. Lava's core development team is made up of a group of tech-loving blockchain geeks crazy about challenges and sharing. Opening source on Github means that Lava will face global enthusiasts and co-builders of the industry in a more open and fully-fledged way in the future. Also, it means that Lava starts to pay more attention to external feedbacks, which will in turn urge Lava to build more standardized code and constantly improve project security and usability.

Through opening source code, Lava demonstrates its rigorous technical foundation and exploration of decentralized ecology in front of global technicians and blockchain investors. If there is someone claiming that PoC is nothing more than the underlying model of Bitcoin, which only replaces PoW with PoC. Lava definitely is going to rock his mind.

The reason is that apart from optimizing the PoC consensus mechanism, Lava also creates the unique "Binding" and "Firestone Mechanism." The following are the highlights of these two mechanisms.

1. Binding

"Binding" is a computing power allocation mechanism innovated by Lava. It allows users to bind the computing power of their own hard disk capacity to another user, so that both parties' revenues are transferred to the bound address. This can help miners to flexibly switch and combine computing power while maintaining existing Plot files, which at a certain point blurs the boundaries between miners and non-miners. In the future, "Binding" will also support more diversified organizational forms of mining pools. It will also extend the expansibility and operability of the Lava ecology in some way.

2. Firestone Mechanism

The "Firestone Mechanism" is a Lava-specific on-chain proof used for representing the user's contribution and share of economic rights. Currently, it is mainly generated by freezing or mortgaging Lava, and you can also obtain double mining rewards by consuming "Firestone". Through this " Firestone Mechanism", Lava has carried out the Staking mining philosophy and is trying to strike a balance between the supply and demand of miners and tokens in a decentralized way.

Instead of designing it as a mere reshuffling process, Lava hopes to create a more moderate, stable and sustainable development model through its original Binding and Firestone Mechanism. The Lava team wants to do something that brings value to society, which is committed to building a PoC-based, decentralized, and global generalized storage space-based Root of Trust and Top-level Indexing.

In addition, Lava has released the Lava Improvement Proposal (LVIP) for the open source, which is similar to Bitcoin BIP mechanism. The LVIP refers to maintaining and managing Lava through texts or files. Through this mechanism, users and developers can propose any improvements to the Lava-related processes. There are two types of LVIP mechanism: one responsible for the improvement of Lava protocols (protocol type) and the other responsible for the improvement of aspects other than the protocol type, such as the use and mining by users. The two types also demonstrate different result orientation and process flow.

The process map of lvip

Lava hopes to manage the community in a planned and traceable way through LVIP. By paying enough attention to the suggestions made by developers and presenting the developing process of these suggestions in a written fashion, it helps users and developers to better speak their minds and participate in the project construction. This mechanism will build a stronger consensus for Lava and provide institutional guarantees for the long-term prosperity of the project and community, thereby attracting more industry co-builders to participate into the development of the PoC ecosystem.

Lava's open source and the launch of the mechanism this time adhere to the spirit of rigorousness, and strictly follow the principle of decentralization. It is never a groovy-sounding gimmick under the "decentralization" name, but one that really wants to do its bit for the construction of PoC ecology. In the future, the Lava team will continue to dive deep into the exploration of technology, and we welcome all blockchain enthusiasts and co-builders around the world to join us!

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2019-10-17 NOTICE：LAVA Off-market price on the day 1733SAT

So it has been launched 2 months ago, 2 months of mining and now u post this topic?

However i would like to give it a try, but i dont read chinese so i cant do anything with this very high ping pool sites.


Then something else, all links are going to an testnet, we are on mainnet so where are the mainnet links?

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https://www.virustotal.com/gui/file/3752b72c8111abb7646f7818761d8e93df899e7ac6a912869f2e0c4df4765242/detection

as far it say something, this seems to be fine..

However, why the hell is this qt in Chinese (asia) as i cant read anything from what i am doing there...

I am sorry to post this topic late.The link to the tutorial is correct,We will modify the testnet to the mainnet later.

You can join the telegraph community，and customer will slove your problems.

Telegram
 https://t.me/lavatech

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2019.10.18
Notice:  LAVA Off-market price on the day
1705SAT

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Q & A about LAVA

Q：What is PoC?
A：PoC is an abbreviation of Proof-of-Capacity. Capacity here refers to hard disk capacity.

Q：What makes PoC different from Proof-of-Space？
A：Actually, Proof-of-Space is an old term which basically means the same with PoC. Since the abbreviation of Proof-of-Space (PoS) coincides with that of Proof-of-Stake (also PoS), PoC is then commonly adopted to represent the Proof-of-Capacity. Normally speaking, PoC=Proof-of-Capacity=Proof-of-Space, but Proof-of-Space is not that commonly used now.

Most are false positives ...

So do be careful, but always check with others not just the virus total system.

#crysx

2019-10-21NOTICE: the off-market price on the day is 2229SAT

Thank you! ;D ;D ;D Welcome to follow us.

『LAVA Daily Report』 October 22  Tuesday
Today’s off-Market☞
RMB：1.3¥
BTC:  2331 SAT

What is Lava?
Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). Also, it embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.

Latest News☞
◎ LAVA Open source
Lava officially opened source at 12:00 on Oct. 16th, 2019, with the code released on Github. We hereby invite every user of the Lava ecology to witness this open source.

『LAVA Daily Report』 October 28  Monday
Today’s off-Market☞
RMB：1.2 ¥
BTC:  1744SAT

Q：Concerning PoC, is it that whoever has the largest disk, has the biggest advantage in mining?
A：Yes.

Q：If my hard disk is full of movies, can I still use it for PoC mining?
A: No, because for PoC mining, you are supposed to provide usable and spare capacity.

Q: I do have a lot of idle hard disks. How can I use them for mining?
A: The PoC algorithm will first require miners to generate a special file on their hard disk, called a Plot file, to fill the free capacity of the entire disk. Therefore, the Plot file is the very basis for mining. The Plot file, of course, will be automatically generated by Miner (or the mining program). For individuals who want to participate in the PoC ecosystem, it is more advisable for them to join a selection of already-established mining pools for the sake of simplicity.

『LAVA Daily Report』 October 30  Wednesday
Today’s off-Market☞
RMB：1.2¥
BTC:  1854SAT

What is Lava?
Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). Also, it embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.

Latest News☞
◎ LAVA Open source
Lava officially opened source at 12:00 on Oct. 16th, 2019, with the code released on Github. We hereby invite every user of the Lava ecology to witness this open source.


Twitter:  https://twitter.com/LavaStorage
Medium: https://medium.com/@Lavatech

『LAVA Daily Report』 October 30  Wednesday
Today’s off-Market☞
RMB：1.3¥
BTC:  1885SAT

Lava “Firestone Mechanism”: An Updated Version of Staking

Staking is no longer a stranger to those who are active in the mining field this year, which has set off a new trend of “everyone mining” and has also brought PoS back to the spotlight.

The rise of Staking is largely due to the fact that drawbacks of PoW mining are becoming ever more apparent with the current market not doing very well. Those early participants had been lucratively rewarded, while latecomers could only feed themselves on beautiful fancies. What is more, today's currency price is by no means the same as that of 2017. To increase computing power, the cost and the energy consumption are both climbing. The Golden Age of those mining machines that used to be held fantastic has silently begun to fade away. If the situation continues, with the number of the miners reduced and the head mining pools still occupying a large proportion of computing power, 51% attack is no longer something far away.
 
Against such a backdrop, the Staking came into birth, following the PoS mechanism. By strength of a few star projects, such as Tezos and Cosmos, Staking has been one of the hottest stars for a long period of time. In PoS or any PoS-resembling mechanism, anyone can use encrypted assets to obtain token rewards through the “lock-up” by Staking. Also, the rate of return is calculated in terms of the currency standard, and it depends entirely on the expansion model of the corresponding cryptocurrency.

Staking consists of two modes: MasterNode and Dividends. MasterNode means that a node could only be able to provide network services and obtain interest rewards after itself having stored a certain number of tokens. In other words, a node can gain corresponding returns if there are users receiving network services provided by it.

The other mode, Dividends, as the name suggests, is a dividend-like way referring to obtaining interest by holding tokens, which is commonly adopted by the market today. Also, there are modes of dual tokens, such as those getting token reward from B while holding A tokens.

In the Staking model, it is not the case that the more tokes you pledge, the more tokens you will accordingly obtain. Rather, the fact is that the more tokens you pledge, the bigger your possibility of mining will tend to be. However, with the market being so excited about Staking, coupled by the recent market rise, many exchanges and mining pools have also launched their Staking service lines, attempting to lobby for a slice of this pie.

From the perspective of maintaining decentralization, Staking can guarantee the normal running of the blockchain and ensure the activity of the public chain, thus improving the security. This may be the biggest value of Staking. Despite this, Staking is not without problems. Staking's so-called “interest” and “dividend” have long been questioned, that is, the value of the token after additional issuance.

The current Staking projects all have an additional issuance mechanism, with the rate generally between 3% and 6%. While inflations caused by the additional issuance of projects have long been noted by the industry. According to the data where rates of inflation are ranked from high to low, we can find that - the top 10 inflation rates are close to 80% with the lowest stay at 16%, indicating that bubbles inside it may come into a break any time.

In addition, Staking is inseparable from the “lock-up”. Building on this, many Capital projects will require investors to do the lock-up for half a year or more, but it will take more than half a month to unlock. What's worse, the investors have no control over the return gained from the lock-up, and the rate may be 6% or simply 1%, totally in the hands of Staking providers.

As a leader of PoC, Lava proposed the concept of “Firestone Mechanism” and completely mitigated the above problems. So, what is the “Firestone Mechanism”? Actually, it is a Lava's unique proof with the consensus building as a previous goal, supporting the pledge of LAVA token LV to obtain double mining output, which however is not mandatory. Also, the value of the Firestone is regulated by the market. Therefore, the project has no final say over how many LVs can be pledged to generate the Firestone.

We all know that prices fluctuate around value. In addition to the supply and demand of the market, the supply of Firestone also depends on the value of projects in some way. Moreover, Lava does not carry out ICO (Initial Coin Offering) or any token pre-sale, so the concept of valuation is not fit for Lava, whose price is completely determined by the market.

The freeze ratio of Firestone is dynamically adjusted at the beginning of each slot (every 2048 block height). When the number of Firestone in the previous Slot exceeds the target value 2048, the freeze rate of the Slot will increase by 5%; And when the number of Firestone in the previous Slot is less than the target value 2048, the freeze rate of the Slot will decrease by 5%.

At present, rules for the Firestone also vary according to different mining pools. For example, in B3pool there is an 2-8 split of the income between miners and users who buy Firestones, while the split becomes 6-4 in onepool, where users who discover a new block can be awarded an additional 50 Lavas. Besides, 168pool features a combination of the exclusive mode of Firestone income and the sharing mode of Firestone income.

The above-mentioned exclusive mode of Firestone income can be understood as a miner holding the Firestone and generating block, will enjoy the full income (double mining reward). While the sharing mode refers to that all miners holding the Firestone will share the block reward. When generating blocks, mining pools will automatically detect the proportion of each miner's Firestone share and their valid capacity ratio so that block reward can be calculated based on the corresponding weights assigned to each miner.

The joining of Lava Firestone Mechanism has made Staking no longer just a way of obtaining “interest” by the pledge, greatly enriching the modes of Staking. In addition, Lava is also capable of a power binding mechanism, which allows users to bind their own computing power to another user, so that the income of both parties can be transferred to the bound address. The binding of computing power means that the organization of mining pools will be more diverse, and the ways it can be shaped in the future are also more varied.

Simply put, the Firestone Mechanism is like an upgraded version of Staking, which inherits all the merits of Staking and mitigates the inflation rate that has long been criticized.
 
The reason why the Firestone Mechanism was designed by Lava is to enable the natural adjustment of the Firestone price by the market. In this way, the enthusiasm of the miners can be incentivized in the first place, ensuring the activity of the chain. Moreover, it will prompt the market to generate increased vitality and hence have more possibilities to make the miners and the mining pools to work more closely together. Also, the price can be a signal to reflect the gap between supply and demand, and the economic model of projects can be timely adjusted. All these will be more conducive to the development of the Lava ecosystem. Also, it aims to make itself inclusive enough to accommodate more blockchain co-builders and face the market with more freedom, rather than perusing a steeply changing economic model.

Lava has always focused on improving the problems of existing consensus mechanisms by focusing on the PoC consensus mechanism. As indicated by its vision, it has been working to build an underlying framework for global PoC participants, to create a “root of trust”, and to establish a global “top-level index” based on this.

Lava Chinese community online interview

In this period, we will interview the developer of the Lava core development team, Uncle ZHONGBENYING, on some related issues the community is now very concerned about.
Q：What about your team’s recent development progress?
A：
Currently, the Lava technical team is focusing on developing two projects. One is the Cold Firestone we mentioned before. By this far, an alpha version has been fully developed and used in conjunction with mining pools. Yet since the Cold Firestone is complementary to the rest elements of the entire Lava development blueprint, using the Cold Firestone before the development of other elements are completed will unavoidably bring about some flaws in the business (we will talk about this later). Meanwhile, however, the development of the Cold Firestone is the most fundamental part of the entire development blueprint. That’s why the Lava technical team eventually decided to give priority to the development of the Cold Firestone in the whole process.
The second is the Symmetric Cross-chain Atomic Switch which has not been talked about before (the official name has not been decided yet). I guess you might think this is a very obscure name. In fact, the Symmetric Cross-chain Atomic Switch functions in a very simple way, that is, to achieve decentralized and trustless Bitcoin and Lava cross-chain transactions. Imagine how convenient and exciting it will be when Alice holding BTC immediately completes a transaction with Bob holding LV through our switch without any intermediary or the need to recharge BTC, purchase LV, and take LV through exchanges, which otherwise will require a huge sum of transaction fee and trouble users with the worry of exchanges being stolen.
At present, the Lava technical team has completed the technical verification of the Switch and is gradually advancing subsequent development and tests. I believe that in the near future, we will be introducing the design and use of the switch to the community in great detail.

Q： What is the Cold Firestone, can you tell us about its origin?
A：
As we said in our previous live broadcast that the Cold Firestone is the key to our entire development blueprint. Also, it complements other elements. Then how should we understand the Cold Firestone? We shall start with explaining the reason why it was needed, which involves two known defects of the current Firestone.
The first is about private key being leaked. I believe everyone has found out that if you want to use Firestones in finding a block, you have to deposit your private key in the full nodes of the block. However, for those average users, the full nodes are exposed to a network that is not that secure, where you cannot create a firewall to protect your own host like when you are dealing with Firecoins. Some users of huge computing power consumption may put their nodes on the Alibaba Cloud, which in fact is just relatively safer than their own PCs. Even if your storing platform is as strongly credible as the Alibaba Cloud, there is still a possibility of your coins being hacked. There is a man in the community who suffered a painful loss of 50,000 LVs when forgetting to exit the program after logging in the Alibaba Cloud.
The second is the issue of trust crisis. I don’t know if you have seen that the purchase of Firestones has actually developed into two modes. One is that miners buy Firestones for their own, and the other is that token holders buy Firestones for miners and they privately make agreements on dividing the gains of finding blocks (in fact, it is like renting Firestones to the miners). Though both these two modes are actually what we hope to see, the technical team still has some concerns about the latter.
Technically speaking, a token holder buying Firestones for a miner is the same as the token holder buying Firestones for an address that does not belong to him/her. This will cause a problem, that is, mortgage funds will nevertheless be released by the very address regardless of whether Firestones have been actually used for finding blocks or just expired. The decision is never in the token holder’s hands. This also means that the token holder has no choice but to trust the miner address, or in other words, he/she has to face trust risks. We can’t ignore the existence of such risks because we haven’t seen terrible things happening. We need to be clear in our mind that there is no unbroken bottom line in the blockchain world, which may imply that sometimes our loss cannot be covered by our gains.

Q： Can we understand that the Cold Firestone is actually providing us with a safer and more decentralized Firestone lending mechanism?
A：
You may say so. Given the security and trust related issues that we previously described, the Lava team felt it necessary to provide a safer choice for our community users, and that’s how the Cold Firestone came into being.
In using Cold Firestones, you do not need to have your private key stored in block nodes, and it is not necessary to directly purchase Firestones for users of great computing power consumption. Users can directly purchase Firestones to their own addresses and process Firestones into Cold ones by using some new functions (this step only requires the user’s own private key, so it can be operated in an offline environment). The data packet serialized by the Cold Firestones can be transmitted to the users of great computing power consumption (the transmission process can even be through WeChat, mail, etc.). Then users load the packet into their own block nodes based on their received Cold Firestone data and wait for the block generation and the Cold Firestone CRIT. We can see from the whole process that users of great computing power consumption no longer need to import their private key into their block nodes. Also, users do not need to buy Firestones to the address of others. Thus, released LVs will directly return to the purchaser’s address after the Cold Firestone CRIT, eliminating our aforementioned security and trust issues.
Of course, the current Cold Firestone is definitely without flaws:
1. There will still be 320 LVs entering the address of the blockers (the above-mentioned users of great computing power) after the Cold Firestone CRIT, the proportion of which needs to be determined by the two parties through negotiation.
2. The Cold Firestone data packet may be intercepted or stolen by others. Although the release will eventually return to the buyer, the 320LVs after the Cold Firestone CRIT may be siphoned off by hackers.
These flaws will be gradually resolved and finally perfected after the rest elements mentioned in the blueprint are launched.

learn more link:
Telegram: https://t.me/lavatech
Twitter: https://twitter.com/LavaStorage

Quarterly Development Report by Lava China Tech Team:

8.28    Launched the mainnet and released the full node wallet (Stable Version 0.3.1).
9.1     Released the LightWallet (Version 1.0.5).
9.7     Released the full node wallet (Stable Version 0.3.2) and fixed the double spending of Genesis Block.
9.15    Joined to 168pool and B3pool and provided technical support for them.
9.25    Launched Lava Android Wallet (Version 1.0.5) officially.
9.27    Developed the Scavenger mining software.
9.30    Submitted Scavenger code to Github.
10.9    Launched Gui Wallet V0.1.
10.16   Opened source officially and published specific rules for LVIP.
10.16   Released the full node wallet (Stable Version 0.3.3) and developed new functions by:
1. Adding a 15000-height Checkpoint to prevent computing power attacks;
2. Modifying the submitnonce interface to support wallet mining in an encrypted state.
10.18   Provided technologies for Zettapool and Onepool and assisted the launch of mining pools.
10.22   Proposed the concept of “Cold Firestone” and submitted it to LVIP0002.
10.30   Completed the design of the Cold Firestone structure, realized the functions of the Cold Firestone, and passed the internal test on the test network.
11.1    Joined to mining pools abroad, such as Foxypool.
11.5    Finished a design draft (LVIP0003) for cross-chain Atomic Switch.
11.10   Passed the internal review of the cross-chain (BTC to Lava) Atomic Switch implementation plan.
11.22   Finished the cross-chain Atomic Switch code and prepared for internal test.

Quarterly Report by Lava China Community:

1. Community building: The number of community users has exceeded 7,000 in 12 weeks since the launch of the mainnet.
2. Network capacity: As of now, the computing power of the network has exceeded 700p.
3. Mining pool ecology: Several mining pools both at home and abroad have officially launched Lava to jointly promote Lava's ecology development.
4. Support policies from Foundation: In order to fuel the development of Lava's decentralized consensus, the Lava Foundation authorized the Lava China Community to provide LV lending services to mining pools, so that those new mining pools can obtain the initial funds for the purchase of Firestone, thereby lowering the threshold of joining Lava mining ecology.
5. Community token airdrop: By this far, 500,000 LVs have been distributed to the community as rewards, including testnet airdrop rewards, community activity rewards, and volunteer rewards.
6. Lava peripheral support: The Lava China Community has distributed a total of 367 peripheral products to community users and media of strategic cooperation.
7. Foundation address announcement: The Lava Foundation has announced its address, and members of the Lava Community can check the address through Lava Block Explorer.
8. Overseas market development: A preliminary cooperation consensus has been established with overseas mining pools, overseas online forums, overseas media, and overseas communities.
9. Media influence: A long-term strategic cooperation has been reached with a number of mediums. So far, 297 technical essays have been posted with more than 1.58 million views.
10. Lava announcing Plotter Bounty plan: Lava officially announced the details of the Plotter Bounty plan. The Lava Foundation decided to offer a reward of 1BTC and 50,000 LVs to activate all PoC ecosystem participants to develop new P-disk software. New P-disk software approved by the Lava tech team will be open-sourced for free for PoC developers to have deep exploration and learning, thereby promoting the development of the PoC ecology.
11. Strategic cooperation with WUJILIAN Tech: On August 25th, 2019, Lava announced that it has officially reached a strategic cooperation with WUJILIAN Technology, a blockchain hardware equipment supplier and also a company dedicated in both constructing and escrowing mining fields. Lava will receive hundreds and thousands of investments from WUJILIAN Tech, who is very optimistic about the prospects of the PoC ecology. Also, WUJILIAN decides to promote the transformation of the mining machine and mining service business from the pure PoW model to a “PoW + PoC” dual track and make use of its own resource advantages in the field of mining and data energy services to vigorously promote its business layout in the PoC field by focusing on supporting the development of such high-quality PoC and storage projects as Lava.
12. Lava project rewarding attackers targeting loopholes in testnet with Bitcoin: According to official news, a “future timestamp” attack had occurred during the internal test on Lava testnet. Attackers could gain the computing power advantage by modifying the system timestamp. At present, the problem has been well fixed, and the Lava project team decided to reward attackers with 1BTC reward.

Lava capacity binding airdrop activity:

Lava community and Foxypool jointly organized Lava airdrop event. Join Lava Discord community and get 20 LVs.

rule of activity:
1 Click this link to join Lava Discord community:https://discord.gg/uzxqe3P
2 Download Lava wallet and generate Lava Mainnet Plotid
3 Contact the Lava Discord Community Administrator to provide the mainnet PID and address.

Lava official will send 20 lava to the certified account within 5 working days
Activity time: December 5th - December 19th

Lava community
2019-12-5

Lava Bounty Program

Overview
Lava recognizes the importance of an open source eco-system as a blockchain project. We encourage an open source, high-performance plotter via our bounty program described on this page.
Please also notice:
•The Lava Foundation will provide financial support for this bounty program, and will regularly publicize the progress to the community.
•The Lava Foundation will conduct rigorous review and testing of the software. Do not intentionally or maliciously harm the user’s interests through the software code, including DoS attacks, intentional algorithm vulnerabilities, and backdoor settings.
•Please carefully learn about the technical requirements for the target software. Do not submit existing open source code or code that is significantly weaker than an existing open source software version.
•Please refer to the latest information from Lava’s open source code repository github.com/lavaio on GitHub.

Bounty Program
A: Ideal Solution
•The provider of an ideal solution will be rewarded with up to 1BTC+100000LV.
•Supports multi-plotting of up to 20 tasks under 1GiB/s nonce calculation speed.
•Supports user-friendly GUI software interfaces.
•High stability, robustness and fault-tolerance.
B: Minimun Solution
•If the ideal solution cannot be satisfied, the rewarder will provide 0.5BTC + 50000LV for the solution that meets the minimum requirements.
•Supports multi-plotting.
•GUI software interfaces that supports basic user requirements.

Contacts
•Please refer to the latest information from Lava’s open source code repository github.com/lavaio on GitHub.
•Contact our developer on GitHub:
@kbroflovski21
@EasonZhao
@HarvestStars
•Contact Lava official accounts or volunteers from social platforms:
Telegram: https://t.me/lavatech
WeChat: Lava_Community
Twitter: @LavaConsortium
Updates
[2019–12–05]: Launches Bounty Program.
Contributor
______

Discord  capacity binding bonus

1. Invite friends to lava discord group during the event get 5 Lava.
2. Send invitation screenshot to administrator.
3. At the end of the event, the top 5 invited users will receive an additional 50 Lava.
4. Lava official will send lava to the certified account within 5 working days  after the event.
Click this link to join Lava Discord community:https://discord.gg/uzxqe3P

Activity time: December 12-December 19

Lava Community
2019-12-12

Lava is a digital and cryptographic infrastructure based on Proof-of-Capacity (PoC). Also, it embodies Root-of-Trust and Top-level Indexing mechanism for the global storage space.

Lava capacity binding airdrop activity:

Lava community and Foxypool jointly organized Lava airdrop event. Join Lava Discord community and get 20 LVs.

rule of activity:
1 Click this link to join Lava Discord community:https://discord.gg/uzxqe3P
2 Download Lava wallet and generate Lava Mainnet Plotid
3 Contact the Lava Discord Community Administrator to provide the mainnet PID and address.

Lava official will send 20 lava to the certified account within 5 working days
Activity time: December 5th - December 19th

Lava community
2019-12-5

I heard that LAVA will be upgraded. Maybe someone could tell me the benefits of  this.

How few info of your overseas market. 

So how about the price now,I didn’t find it in any exchange now

I notice that you have upgraded the plotting format ， what’s the difference

Do you have any landing applications?

I don't think they have exchanges, but you can join the telegram to find someone to trade.

I have the same question.
They seem to be in the early stages of development.

Will POC be popular in 2020? ::)
But actually it's been there for a long time

I saw the TG really active recently, Is there an airdrop or some processes?

What’s the PoC2+？ there is little information about it.

I just hold some coins of u, what should I do about this upgrade ?

One more question,are there some rewards for plotting?

PoC2+ is a new consensus protocol. The new standard reshapes the most critical Plotting process in PoC, repairs the technical loopholes in the original standard, and ensures that PoC consensus can achieve higher security. By mathematically clarifies the ownership of the plot file, the new standard has for the first time achieved a rigid attribution for the PoC capacity power and established the foundation in the consensus level for long term development of the whole PoC ecosystem.

Regarding the consensus mechanism, although Lava has referred to the technical details of Burstcoin, we have always maintained in-depth exploration and research on PoC consensus. At present, Lava has not only accumulated a large number of unique technical achievements, but also began to try to lead industry standards and propose new concepts. Recently, Lava has launched a key PoC2+ consensus protocol upgrade. The new standard reshapes the most critical Plotting process in PoC, repairs the technical loopholes in the original standard, and ensures that PoC consensus can achieve higher security. By mathematically clarifies the ownership of the plot file, the new standard has for the first time achieved a rigid attribution for the PoC capacity power and established foundation in the mechanism level for long term development of the whole PoC ecosystem.

Join our telegram! Now there are 3746 menbers in the group, so you could find more information. Also find us in Medium and Twitter!
Medium:@Lavatech
Twitter:LavaConsortium

In 2020, Lava is expanding the application of PoC consensus in the financial field to realize the connection between PoC consensus and the real world.

Just update the latest wallet from the official website  (lavatech.org) and import the private key.

The features of PoC determine that it has strong similarity and complementarity with PoW. Considering that storage devices have a very high degree of versatility and universal usage as IT infrastructure, we believe that PoC can form a market value of the same order of magnitude as PoW in the medium and long term .

Lava will be on the exchange next week. Please join our telegram to get more information.

Event | Lava 2020 ‘Bring PoC to the World’ Roadshow in Vietnam

Lava is continuously expanding its global community, and with March has started, it is officially time for Roadshow season to begin! We’re kicking off our first stop global roadshow ‘Lava 2020 | Bring PoC to the World’ in Ho Chi Minh City, Vietnam on March 21st!

https://i.imgur.com/zS5dbvY.png

If you are located near there, welcome to stop by our event! We’re looking for as many community members to attend this event as possible, and we’ve prepared some $LV airdrop for attendees!

Attending our event, you will have the opportunity to receive many attractive gifts. In particular, we will airdrop 20,000 LV for event attendees：
- 15,000 LV for 50 people registered to attend and come to check in earliest (300 LV each).
- 5,000 LV for the 5 best questions selected by the presenter to answer in the event.

To register for the event and ask questions about this event, please send information to FORM: https://forms.gle/Fp7j2JEpgCCxchXM6

As the COVID-19 outbreak spreads worldwide, this roadshow may be postponed. Our local co-hosted organizers Bvnex and XinchaoBTC.com have given close attention to the local health authorities and the Gov. Once there is any shift of our event, we will share details as soon as we’re confirmed. Our commitment is to give a wonderful roadshow in Vietnam on the premise of the safety of our community!


Lava is a decentralized digital infrastructure based on Proof-of-Capacity(PoC) consensus, positioning itself as “the Root-of-Trust from Global Storage”. Lava is now open-source and available on GitHub：https://github.com/lavaio/lava. Learn more about Lava from the official website: https://www.lavatech.org

I really hope to attend this meeting!

]Since this is the first stop, where else will u go? I'm in Japan and hope to see you.

Looking forward to your progress！And hope the epidemic will get better soon. :-[

We may hold road shows in Asian countries first, so it is possible for Japan to go. Hope to see you soon.

Lava is also actively exploring applications in the storage and data fields, such as supporting centralized storage applications and PoC3 (a Plotting scheme based on effective storage content).

Will there be more interviews with team members ? :-*

I will continue to monitor how everything will work further and I will buy tokens for me.
So it is important to understand what exchange the listing will be on.

Lava is Marching Towards the Leader in the PoC Ecosystem



Lava is neither the first nor the only PoC project. Lava refers to the technical details in the consensus level from the PoC ancestor Burstcoin and combines with the codebase of Bitcoin to achieve absolute reliability from the bottom layer of the blockchain. Lava is the first PoC project to implement a completely open-source code after Burstcoin. During the project startup phase, Lava did not conduct any form of ICO and public fundraising activities; the founding team retained 7% of the total supply of tokens and this was allocated in the genesis block.

Regarding the consensus mechanism, although Lava has referred to the technical details of Burstcoin, we have always maintained in-depth exploration and research on PoC consensus. At present, Lava has not only accumulated a large number of unique technical achievements but also began to try to lead industry standards and propose new concepts. Recently, Lava has launched a key PoC2+ consensus protocol upgrade. The new standard reshapes the most critical Plotting process in PoC, repairs the technical loopholes in the original standard, and ensures that PoC consensus can achieve higher security. By mathematically clarifies the ownership of the plot file, the new standard has for the first time achieved a rigid attribution for the PoC capacity power and established the foundation in the consensus level for long term development of the whole PoC ecosystem.

Lava is expanding the application of PoC consensus in the financial field to realize the connection between PoC consensus and the real world. At present, we have reached preliminary strategic cooperation with one investment bank holding STO license, and plan to issue a number of securitization tokens based on real-world assets (real estate, etc.) on Lava mainnet in 2020. We have adopted the technical architecture of Confidential Asset, and used threshold signatures and ring signatures to verify UTXO. Under the premise of ensuring verifiability and traceability, we can hide asset information in transaction data. This technical solution will also be implemented in the first half of 2020.

At the same time, Lava is also actively exploring applications in the storage and data fields, such as supporting centralized storage applications and PoC3 (a Plotting scheme based on effective storage content). Just as PoW mining has promoted the development of the large-scale integrated circuit industry, Lava’s PoC mining ecology is also trying to promote the iteration of storage algorithms and the application will have meaningful social value.
Lava is a decentralized digital infrastructure based on PoC consensus, positioning itself as “the Root-of-Trust from Global Storage”. Lava is now open-source and available on GitHub：https://github.com/lavaio/lava

Learn more about Lava from the official website: https://www.lavatech.org

PoC: a Consensus Mechanism of Huge Potentials

PoC (Proof of Capacity) is a consensus algorithm with multiple superior characteristics and huge application potential. As an important branch of today’s existing consensus mechanisms, PoC is still undiscovered and underrated by the market. A truly fair, open and meaningful project was needed to convey the decentralized concept of PoC to the world, so we launched Lava.

PoC has better decentralization characteristics than PoW, while ensuring the same level of security and openness. PoC is based on storage device mining while miners compete for block forging by providing larger storage capacity to ensure network security. Compared with PoW’s hash computing devices, PoC’s storage devices consume only a small fraction of electric power. Thus PoC is cleaner and easier to help consensus achieve wider geographical distribution. In addition, storage devices, as the most general and universal hardware of global IT infrastructure, leaves no space for “ASIC-lization” and monopolization by any individual or organization. PoC is a totally permissionless, open and fair network where “capacity power” could join or withdraw anytime, anywhere and threshold-free.

Considering the versatility and universal usage of storage devices, PoC is a consensus mechanism that has the potential to achieve the highest degree of decentralization in the future. We also believe that, the market size of specific hardware equipment, can to some extent imply the upper limit of the consensus ecosystem that mines with the equipment. From the perspective of hardware industry market data, mechanical hard disks(HDD) alone has a scale of 20–25 billion US Dollars and 300 million units of annual shipment. Compared with the scale of 10–15 billion US dollars and 50 million units of annual shipments of external GPUs, we can draw the conclusion that the storage equipment market has all the capability to cultivate an ecosystem of PoC mining no less than GPU mining in size.
https://miro.medium.com/max/3440/1*hWynzYdBnMKT5Qnaciu4KA.png

In fact, Lava’s birth benefited from PoW miners’ recognition and support of the PoC consensus. China is a top bitcoin producer in the globe and has formed a super-large scale mining industry. However, the high energy consumption and geographical centralization of PoW have disrupted the local energy markets and the construction of energy infrastructure to some extent. This issue is not limited to China. A large number of PoW miners are looking for another alternative that can replace PoW or at least complementarity. PoC is the best solution at present.

We have collected the annual changes in the total capacity computing power of the entire network since the birth of PoC (2014–2019), and found that this exponential growth trend is more in line with PoW’s computing power growth curve:
https://miro.medium.com/max/2008/1*jFd178Q0IyhGFwbfdCJFzA.png
Mining Power Trend of PoC and PoW

It can be seen that PoC still has the momentum to maintain rapid growth, and the total capacity computing power will still increase significantly. Since there is no “substitution effect” between PoC and other existing consensus mechanisms, it is expected that once the PoC ecosystem explodes, the market can easily accommodate 1 Top10 and 2 ~ 3 Top30 PoC projects. In fact, Lava has grown from zero to the second-largest PoC project concerning capacity power within half a year of operation. Lava accounts for about one-third of the total PoC capacity power at present and is steadily marching towards the real leadership of the PoC consensus.

The features of PoC determine that it has strong similarity and complementarity with PoW. Considering that storage devices have a very high degree of versatility and universal usage as IT infrastructure, we believe that PoC can form a market value of the same order of magnitude as PoW in the medium and long term.

Lava is a decentralized digital infrastructure based on PoC consensus, positioning itself as “the Root-of-Trust from Global Storage”. Lava is now open-source and available on GitHub：https://github.com/lavaio/lava

Learn more about Lava from the official website: https://www.lavatech.org

Not available at the moment, maybe an interview later

Please join the telegram group and keep following the news.

May I could translate the interview for you. So more people can know this project. ;D

What other public events does the team plan to participate in in the near future ?

I think Lava is the best POC project

This view is very interesting, but I am not sure if PoC can be replaced

At the moment I want to understand how mining will work and how to make it as profitable as possible.

As I understand it the team already has some success in China?

I think so. They have many fans in China.

As I understand it will be mining on the hard disk.

At least now I really like everything from the technical side

Now I'm just waiting for the announcement regarding the listing.

But except the technology, I wonder the primary purpose of this project.

Now I will try how mining will work and it will be interesting.

Let's see how this project will continue to work ;)

Yes，I think poc has great potential

It seems like it will be on some exchanges soon.

I find it a bit difficult to operate and requires a lot of technical knowledge :'(

Me too. I can't wait to get some coins at the first time. Hope it is a big one.

I think they should update the roadmap, or every one is confused.

I'm really curious about the team.

now this is one of the best projects I've seen
I mean that the team will be able to create a real demand for tokens

I try to use the HyperPlotter, but get some problems, could any one teach me how to make it correct?

What‘s the cost for a miner? If I want to get the coin, what should I prepare for?

Please find the Mining Tutorial on the official website and join the Telegram group which some menbers have successfully completed, so you could communicate the problems with them.

Lava refers to the technical details in the consensus level from the PoC ancestor Burstcoin, and combines with the codebase of Bitcoin to achieve absolute reliability from the botton layer of the blockchain. Lava is the first PoC project to implement completely open source code after Burstcoin.

The announcement will be put this week.

It is an old European exchange.

https://github.com/lavafy/testnet/blob/master/Lava-Miner-Guide-EN.md Our technical code is open source.

We will update the official website recently, including the roadmap, so please stay tuned.

Just as PoW mining has promoted the development of the large-scale integrated circuit industry, Lava's PoC mining ecology is also trying to promote the iteration of storage algorithms and the application will have meaningful social value.

We recently will hold a global roadshow.

The features of PoC determine that it has strong similarity and complementarity with PoW. Considering that storage devices have a very high degree of versatility and universal usage as IT infrastructure, we believe that PoC can form a market value of the same order of magnitude as PoW in the medium and long term .

But its threshold is much lower than pow, no need to buy the mining machine.

Many blockchain project teams are confidential.

At present, we have reached a preliminary strategic cooperation with one investment bank holding STO license, and plan to issue a number of securitization tokens based on real-world assets (real estate, etc.) on Lava mainnet in 2020. We have adopted the technical architecture of Confidential Asset, and used threshold signatures and ring signatures to verify UTXO. Under the premise of ensuring verifiability and traceability, we can hide asset information in transaction data. This technical solution will also be implemented in the first half of 2020.

Join the Telegram, take a screenshot of your question into the group.

You need a computer, hard disks and our softwares offered on lavatech.org.

STO licence? Amazing! Hope you can post more related information.

Where else will you go when you leave Vietnam?

It just sounds simple, but the actual operation is quite complicated.

So where technical team comes from?

Coinbase? :P

Seems like a European team.

Will it become a mainstream digital currency？

Yes, but I still think it's a bit difficult, just wait for the transaction

Some projects just copy the code

lava has been open source long ago, although I don't understand the code. But it should be reliable

yeah, a lot of fake projects in korea

Hope you can come to Korea

Hope to launch mobile mining function soon

Open source code means that any inspection can be accepted, Lava's technology is very reliable

There is currently no such plan. But you can join the mining pool such as 168pool and B3 pool for mining.

We will start the roadshow in Asia first

We all hope so.

We will announce more on Twitter, just keep following!

Both in China and Europe

what are the practical applications of lava technology in the market? can you give example of industries where your technology can be optimized to improved their operations? and also, can you give us insights regarding updates of your cambrian objective?

https://i.postimg.cc/FRx01cCR/Screen-Shot-2020-03-16-at-4-57-59-PM.png

PoC (Proof of Capacity) is a consensus mechanism with multiple superior characteristics and huge application potential. As an important branch of today’s existing consensus mechanisms, PoC is still undiscovered and underrated by the market. A truly fair, open and meaningful project was needed to convey the decentralized concept of PoC to the world, so we launched Lava.Considering the versatility and universal usage of storage devices, PoC is a consensus mechanism that has the potential to achieve the highest degree of decentralization in the future. We also believe that, the market size of a specific hardware equipment, can to some extent imply the upper limit of the consensus ecosystem that mines with the equipment. From the perspective of hardware industry market data, mechanical hard disks(HDD) alone have a scale of 20-25 billion US Dollars and 300 million units of annual shipment. Compared with the scale of 10-15 billion US dollars and 50 million units of annual shipments of external GPUs, we can draw the conclusion that, the storage equipment market has all the capability to cultivate an ecosystem of PoC mining no less than GPU mining in size.

Lava is neither the first nor the only PoC project. Lava refers to the technical details in the consensus level from the PoC ancestor Burstcoin, and combines with the codebase of Bitcoin to achieve absolute reliability from the botton layer of the blockchain. Lava is the first PoC project to implement completely open source code after Burstcoin. During the project startup phase, Lava did not conduct any form of ICO and public fundraising activities; the founding team retained 7% of the total supply of tokens and this was allocated in the genesis block.

Lava is expanding the application of PoC consensus in the financial field to realize the connection between PoC consensus and the real world. At present, we have reached a preliminary strategic cooperation with one investment bank holding STO license, and plan to issue a number of securitization tokens based on real-world assets (real estate, etc.) on Lava mainnet in 2020. We have adopted the technical architecture of Confidential Asset, and used threshold signatures and ring signatures to verify UTXO. Under the premise of ensuring verifiability and traceability, we can hide asset information in transaction data. This technical solution will also be implemented in the first half of 2020.

there is an opportunity to invest in the project， I will invite more friends. Will I get some airdrop?

 I hope the team will be able to implement this fully

still I would like to see more press coverage and news about how this project is developing

Lava successfully held "lava 2020, bring POC to the world" offline roadshow in Ho Chi Minh City, Vietnam
On March 23, 2020, Lava successfully held "Lava 2020, bring POC to the world" offline roadshow in Ho Chi Minh City, Vietnam, as the first stop of Lava's global roadshow. After the start of the activity, the Vietnamese community representatives of the Lava team first gave a speech and shared the content, which was mainly divided into four parts: technical introduction and development potential of POC consensus mechanism, technical concept and development prospect of Lava, economic model of Lava, ecosystem and partners of Lava.

Mr Linh, on behalf of the lava project party, said: POC consensus can achieve a wide range of decentralization, which is lower in energy consumption and threshold compared with pow consensus. On the basis of POC consensus, lava combines bitcoin's UTXO model to ensure the security and stability of the bottom of the blockchain, which is  safe for the issuance of STO assets.

In addition, Bvenx and Lava  announced that LV will soon on Bvnex exchange, and will support LV to VNDT trading pairs after online.

Check the video here:https://www.youtube.com/watch?v=ZXqMxc6N1kA&feature=youtu.be

the video is amazing.Still hope everyone pays attention to protect themselves.

i watched the video and hope to get more details about Lava's PoC. What else is different from the POW and POS that LAVA's PoC technology will bring to the community?

First let me explain “why PoC has the ability to achieve the highest level of decentralization”:
Because: 1) PoC mining rely on storage devices, like hard disks, which is a far more general equipment than GPU and FPGA and ASIC chips. There will be no monopoly on mining devices. Which means, anybody, anywhere in the globe, can join the PoC mining, no one can set entry threshold. (whereas PoW mining rely on sepcificly-designed and manufactured equipment that only one or two manufacturer can produce.) 2) In the mining process, PoC consumes only a small fraction of electricity/Power, which means PoC mining does not rely on low-cost electricity. Should know that low-cost electricity is only available in specific areas like in distant mountainous areas in China/Russia/Iran……This means anybody could mine PoC wherever you are in the world, this is fair play, no need for large-scale mining farm which naturally causes mining monopoly where only big players can participate the mining game.

RECAP AMA Lava x BVNEX
On April 2, Lava (LV) organized an AMA with Bvnex at Bvnex's Telegram Vietnam channel. The community is explained more valuable information and the future plan of the project. In general, AMA has gained strong support from the community and Lava has received many questions.
Here are all questions as well as all answers of Lava so those who missed AMA can learn more about Lava.

Part 1: Introduction of  Lava project
Lava is a Proof-of-Capacity backed global digital infrastructure where people can create, trade and manage real-world assets. The Lava mainnet was launched in August 2019. There is no ICO and no private sales in Lava's original period. Lava has secured a million-dollar-level investment from Infichain Technology, the only announced strategic partner with Cannan AvalonMiner, as the start-up launch funding.
In October 2019 Lava had its code open-sourced and available on GitHub: https://github.com/Lavaio/Lava
Lava is now the second-largest PoC network in the world concerning capacity power in just about 6 months since its mainnet launch and is heading for the crown of PoC. Recently Lava has partnered with HitBTC and Bvnex exchange, Lava's native token $LV will be listed on these two exchanges soon!
Advantages of PoC and what makes it special
PoC mining relies on storage devices, like hard disks, which is far more general equipment than GPU and FPGA and ASIC chips.
The best thing about this is: there will be no monopoly on mining devices, which means, anybody, anywhere in the globe, can join the PoC mining, no one can set entry threshold.
PoC has better decentralization characteristics than PoW while ensuring the same level of security and openness! Compared with PoW's hash computing devices, PoC's storage devices consume only a small fraction of electric power. Thus PoC is cleaner and easier to help consensus achieve wider geographical distribution.
All in all, PoC is a totally permissionless, open and fair network where “capacity power” could join or withdraw anytime, anywhere and threshold-free.
The unique FireStone mechanism of Lava
Firestone is Lava's unique mechanism. Firestones are dynamic credentials created on-chain by staking LV (native token on Lava).
When users initiate a freezing transaction, they need to obtain Firestone at a dynamically-adjusting freeze ratio. The freeze ratio can be easily understood as the “price” of Firestone, that is, how many Lavas needed to be frozen in exchange for a Firestone.
Still not finish. There is a unique Price Adjustment mechanism about Firestone: When the number of Firestones in the previous Slot exceeds the target value of 2048, the freezing rate of the Slot will increase by 5%. And when the number of Firestones in the previous Slot is less than the target value of 2048, the freeze ratio will decrease by 5%.
What is the function of Firestone? Firestones stand for economic rights and governance rights. It is a system built-in credential whose design is based on Virtual Layering and a representative of occupying resources of the Lava system. Also, it means the governance right credential of Lava Ecology and the carrier of voting rights in the on-chain governance system.
What’s next?
At present, Lava has reached a preliminary strategic cooperation with one investment bank holding STO license, and plan to issue a number of securitization tokens based on real-world assets (like real estate, etc.) on Lava mainnet in 2020.
Also, we have adopted the technical architecture of Confidential Asset, and used threshold signatures and ring signatures to verify UTXO. Under the premise of ensuring verifiability and traceability, this technology can hide asset information in transaction data. This technical solution will also be implemented in the first half of 2020.
Lava is particularly suitable for STO, because the PoC mechanism can achieve a wide range of decentralization, and the world can join mining with a low threshold. Lava's codebase (same as Bitcoin's) is extremely stable and secure for issuing and trading STO assets.

Part 2: Some questions from the community
Question 1: Say no to ICO, IEO or public fundraising, so where does Lava get money to start a startup with the desire to contribute more to the community?
Answer: The core team of Lava fund itself in two ways.
1) We have retained a 7% from a total supply of Lava coins in the Genesis Blocks, which acts as an important source of daily operation and economic incentive for the team and developers.
2) We have reached key strategic cooperation with Infichain Technology and we have dealt a million-dollar-level investment term sheet and the team gets some part of it in the starting stage of the project to launch it.
 
Question 2: I heard that Lava consider to set up the De-Fi Platform. Can you introduce some details, such as the components?
Answer: Lava is a publicly maintained network for safely issuing, trading, storing and managing tokenized assets. This is how Lava can connect global storage to real-world value in a truly decentralized way. The entire system consists of Confidential Asset, STO, Decentralized Pool, Stablecoin and any more.
CA technology brings excellent privacy and fungibility to multi-assets issued and traded on-chain. Millions of Dollars of real-world assets will be migrated to the Lava blockchain by the Security Tokens. Every part makes sense to the whole system. And more details on our new official website (coming soon)!
 
Question 3+4: What are the advantages and strengths of Lava in the industry? Do you have any competitors currently? If so, could you tell me about your advantages compared to your competitors?
Answer: Concerned about Lava? Good to hear that! I am happy that the community, investors care about how’s the project going, but no need to WORRY, if there’s any. We have a very strong but low-key team, we have the best developers, tech guys, and resources backing the project. Everything is going smoothly.
When talking about strength, I would suggest you take a look at what Lava has achieved since its mainnet launch in August 2019. We have developed our full node wallets, GUI wallets, light PC wallets, mobile wallets that almost cover all the mainstream OS platforms. We have developed a plotting software—HyperPlotter, maybe the best plotter ever and totally free-of-charge! We have even implemented a PoC2+ new protocol upgrade through a hard-fork, this is the very signal that Lava is trying to lead the standard in the PoC field and it begins to cast its influence!
At present, Lava has not only accumulated a large number of unique technical achievements but also began to try to lead industry standards and propose new concepts. Recently, Lava has launched a key PoC2+ consensus protocol upgrade. The new standard reshapes the most critical Plotting process in PoC, repairs the technical loopholes in the original standard, and ensures that PoC consensus can achieve higher security. By mathematically clarifies the ownership of the plot file, the new standard has for the first time achieved a rigid attribution for the PoC capacity power and established the foundation in the machine level for long term development of the whole PoC ecosystem!
 
Finally, Lava and Bvnex provided users with a lot of information about Lava's development potential. Besides, Bvnex is also a partner highly appreciated by Lava and wants to accompany in the near future.
Hopefully, through AMA, investors and users will have a deeper understanding of Lava.

Lava is soon on HitBTC

We are excited to announce $LV listing is going live on hitbtc. Here is the link:www.hitbtc.com

Online time: April 13, 2020
Open trading pair: LV / BTC
Exchange website: hitbtc.com

https://i.imgur.com/U1Ceezd.jpg

HitBTC is one of the world's leading international exchanges of encrypted digital currencies located in the United Kingdom. Since 2013, transactions have been provided for individual users. HitBTC is known for its advanced matching engine, multi-currency support and friendly customer service. HitBTC has more than 800 trading pairs. In addition to trading between digital currencies, it also provides trading pairs of fiat currencies and digital currencies, namely the US dollar and the euro market. Its innovation and technical characteristics lie in the creation of a stable and reliable API that meets the needs of algorithmic traders for high-frequency trading.HitBTC is a No.1 exchange in the world by the real liquidity according to CMC: https://coinmarketcap.com/rankings/exchanges/liquidity/

At the end of last year, Lava made comprehensive efforts in various aspects such as technical support, application construction, and docking trading platform, and was fully prepared for rapid development this year.

At the end of February, Lava tried to lead the industry standard, proposed a new PoC2 + protocol. The new protocol makes up for PoC2's technical loopholes, ensuring the security of PoC consensus. Through the PoC2 + protocol, it is possible to realize the right of computing power, promote the healthy development of various PoC projects, and lay the technical foundation for the long-term development of the entire POC ecosystem.

In mid-March, Lava held the first road show in Vietnam and received enthusiastic response. Therefore, lava landed on Bvnex, Vietnam's largest legal currency exchange, and conducted an online AMA event in the Vietnamese telegram group. This provides a good opportunity for Lava to expand the Southeast Asian market.

From April onwards, Lava will continue to harvest the results of the early stage, and I believe that the growth of Lava in 2020 will continue to surprise all community partners.

At this stage, Lava is docking various exchanges, investment institutions, mining pools, etc., and constantly recursively planning routes. From the perspective of development prospects, Lava will have a strong practical application scenario.

Please stay tuned!

We're happy to hear that Blockstreamlaunched the LavaNetwork. Blockstream is the global leader in Bitcoin and Blockchain technology. We are looking forward to joining the Lava member alliance!
Our website：https://lavatech.org
Check the LavaNetwork here:https://twitter.com/Blockstream/status/1245382129917349892?s=20

PoC Project Lava Adopts Confidential Asset as STO Solution


STO is the inevitable process for the blockchain technology in pursuing and gaining wider recognition and legal compliance from the mainstream society.

Now STO is still in the early stage, it has a huge space for evolution. The most important thing for STO is compliance. But the regulatory policies on STO in various countries are still unclear, the whole market is lack of corresponding standards and restrictions. And because of the various types and standards of STO protocols, it will also increase the management complexity for Licensed investment banks to conduct audits and due diligence on the issuers and the underlying assets. Meanwhile, the seamless connection of cross-chain protocols between different assets requires high compatibility of the underlying system.

PoC's emerging project Lava is exploring adopts Confidential Asset (The following is replaced by CA) as a solution to issuing and trading on-chain STO assets to strengthen the connection between the crypto market and the real world. CA is an on-chain multi-asset issuance and trading scheme based on the UTXO model, whose reliability has been fully proven by the long-standing Bitcoin network.

CA solution provides on-chain assets excellent privacy and fungibility, which is superior to smart contract or dying/color solution. This privacy is completely selective and traceable. In contrast, Ethereum’s smart contract lacks privacy, and the ZCash’s zkSNAKRS grants no traceability. Fungibility makes on-chain assets have more liquidity and tradability. By comparison, both the "colored coins” and the smart contract solution destroy the fungibility, one of the most valued features required by an asset-issuing platform. In addition, the validation of the CA transaction requires endorsement by the consensus itself (i.e. the hash rate in PoW). This is different from the merely “hash it and put onto the blockchain.”

Lava is a Proof-of-Capacity backed global digital infrastructure where people can create, trade and manage real-world assets. The Lava main net was launched in August 2019. There is no ICO and no private sales when Lava was first established. Now, Lava is the second-largest PoC network in the world by capacity power in just about 6 months since its main net launch. Lava network is powered by its native token LV, LV now is available on HitBTC exchange and Bvnex exchange.

The PoC consensus adopted by Lava is a competitive consensus (like PoW), which provides extremely high security for the Lava network. Besides, the UTXO transaction model and Bitcoin codebase used by Lava provides long-term proven reliability and stability. PoC consensus is based on storage device mining. Storage devices are general-purpose devices and have stable economic value. The low power consumption of storage devices determines that PoC mining is difficult to produce geographical monopolies. In summary, PoC has extremely high decentralization characteristics, the expensive storage devices have an economic value, which provides trust endorsement for assets on-chain.

Lava provides its users and miners with complete facilities, including cross-platform (Win / Mac / iOS / Android) wallets, Plotting software, blockchain explorer, asset information platform, etc. All these facilities are developed and open-sourced by Lava, no relying on third-parties. Recently Lava launched the new PoC2+ plotting format. PoC2+ standard mathematically clarifies the ownership of the plot file, repairs the technical loopholes in the original standard. It has for the first time achieved a rigid attribution for the PoC capacity power and established foundation in the mechanism level for long-term development of  PoC ecosystem.

Relying on the robustness of the PoC consensus, together with a comprehensive and self-developed product line-up, Lava is currently building a multi-faceted STO ecosystem under the regulatory framework to meet the demand from customers, issuers, investors and traders across the globe. Lava will provide a set of STO business solutions, covering the issuance, trading, and management of security tokens, which subject to the global mainstream regulatory framework.

With the deepening of SEC and other securities regulatory agencies' exploring the blockchain technology, the STO regulatory framework is advancing towards maturity. Lava is cooperating with an STO license holder to exploring specific solutions for issuing STOs on Lava’s mainnet.

The challenge of the CA solution is how to ensure that the transaction can be verified and not double spent on the premise of having enough privacy.  In Lava's view, finding the best application scenario in the real world, rather than making it technically feasible, is the key challenge of STO. The core developers from Lava said:

”Just issuing and trading on-chain assets is never a problem in 2020, what we are considering now is adopting CA solution to further meet the regulatory requirements. As far as we are concerned, the best technical solutions are these which are available to more people and can be used by more people. And this is the most important part of our work this year.”

Hello, developer, I want to restart lava project, depending on the team has disappeared, I have the ability to do marketing! If you like, please contact me! @tomter
telegram

Hello, developer, I want to restart lava project, depending on the team has disappeared, I have the ability to do marketing! If you like, please contact me! @tomter
telegram