Title: [ANN] [TECH] MetaChain Post by: trustchaintechnologies on October 23, 2017, 05:21:15 PM https://i.imgur.com/BxsI8Ih.jpg
Hello Folks, we’re proud to announce something different. This is not a coin or proof of process announcement thread – this is a technology announcement thread. So sadly for you there is no ICO, nothing to buy or sell, but we really hope to open up a good discussion about features, problems and maybe we can find the one or other person who might be interested in joining our DEV team. First a few words to our team: We‘re TrustChainTechnologies, with members mainly from the the DACH region (Austria, Germany, Switzerland) and based in Austria. Our core team consists of about 20 persons, ranging from DEVs, designers, marketers, crypto enthusiasts and some who might categorize them differently. Our lead developer is FireMail, born 1986, who graduated summa cum laude in 2009, specializing in database architecture and cryptology. Our crypto enthusiasts run the biggest German speaking Facebook group for cryptographic currencies (https://www.facebook.com/groups/1058102100972677/) with about 16.000 members – if you’re from that group „Hi there.“ So what is our motivation: In our point of view the number of altcoins running their own chains is growing so rapidly that they most likely will run into one problem sooner or later – lack of physical hardware to support the network security. Some projects try to avoid this problem by having a PoW phase before switching to some kind of PoS or hybrid algorithm, but this fix is mostly just for a short period of time. As soon as the miners found all the PoW blocks and the algorithm switches to PoS for example, the miners remove their calculation power and use a single wallet for staking. This leaves smaller altcoins with the problem that they become vulnerable for attacks. Something else we discovered was the lack of real innovation for most coins. 90% or even more of the source codes are just forked from BTC github and the changes are mostly made in the proof of process part (e.g. PoS instead of PoW). This leaves every single altcoin with a bunch of code that the DEVs mostly haven’t even read or they ignore it since it’s not relevant for a fast ICO / fast release of the coin. But what happens when there is a bug because it’s an old fork and hasn’t been updated? What happens when there is an improved way for communication processing, block storing or other core features? Wouldn’t it be much better when DEVs could focus their manpower on real innovations rather than on reworking foreign code? So what is this MetaChain now? The MetaChain is a technological construct that provides the basic code set for multiple blockchains to run separately in one environment. You can imagine the MetaChain as OSI-Layer which encapsules different features (see below), allowing a DEV to save time in development without loosing the flexibility of working directly in C++. Features of the MetaChain (Please note that all these features are platform independent and their functionality can be configured, enabled and disabled by the user):
https://i.imgur.com/300Wskt.png Use Cases To show you why we chose to develop the MetaChain, we want to provide you with three use cases: 1) Automatic PoS Staking A node can be connected with a wallet to enable staking. Every private key within the MetaChain works on all SubChains, but every SubChain wallet address is different for the same private key. This means that we don’t have a security impact, but a general wallet for all SubChains. So when there are for example 10 PoS Coins within the MetaChain network and you hodl all of them, you only need one active wallet but participate in 10 PoS at the same time. This saves energy, hassle for possible updating of clients, easier backups and improves usability. 2) DEV time saving When you’re a DEV in blockchain technology you know that time is always a limited factor. So working on your own bitcoin fork to enable a different algorithm, that maybe has random airdrops and allows to push random binary data into the blockchain. There is so much you need to work around that has no real innovation: storing mechanisms, network communications, removing old code that’s not needed anymore, fixing bugs because other code suddenly relied on this old code etc. With the MetaChain you simply use a coin based workflow as provided from github, maybe overload the block structure, use API calls for network communication and upload this module for all to use. This is a huge timesaver which doesn’t remove your flexibility in development – so that DEVs can focus on innovation, rather than preparation. 3) Enlarging Network Most altcoins lack of supporting devices / hardware since they’re not well known or maybe they’re too complicated to be installed or something else didn’t work. When using this module based structure all participating MetaChain Nodes can enable your SubChain (or maybe they used a *-whitelist so all SubChains are allowed) which widens an altcoins number of nodes without the need of installing new software. In software design there is a principle that the barriers for a user need to be as little as possible to enhance his user experience - just imagine a user that can enable SubChains on his PC with a simple click. Network enlargement works for all SubChains and everyone helps everyone – why? Every new project on the MetaChain will target new users which might enable more than just one SubChain, thus enlarging the network without the need of additional software or steps. Conclusion and Future With the MetaChain we aim at providing a basic code set so that developers can focus their time on innovation rather than reworking old code. Another huge plus is that they can rely on a bigger hardware network with a settled community – when working with default provided modules the coin will run out of the box, without any additional steps. By using the newest NIST approved hashing standard SHA3 all SubChains are also quantum attack safe and have great performance by using the sponge-squeeze principle. With the usage of rocksDB as meta information storage backend we also used a very new, but heavily dynamic and optimized storage engine which allows very fast IO. Currently there are two Coins which are actively developed for the MetaChain. These coins will be later announced in their own threads and linked here. If you want to get informed what those two coins are, please subscribe to this thread. If you are a developer, a group of developer, some guy with mad graphic skills or think you can somehow help our team, please don’t hesitate to ask. We’re more than just happy to welcome you onboard! https://i.imgur.com/BxsI8Ih.jpg Links - Website: https://www.tct.io - Facebook: https://www.facebook.com/TrustChainTechnologies/ - Twitter: https://twitter.com/TrustChainTech - Forum: https://forum.trustchaintechnologies.io/ - Slack: https://join.slack.com/t/trustchaintech/shared_invite/MjM4NDgzNjU2MTI5LTE1MDUxMTE4MzktOTI3YTEyMWZhZQ - Github: https://github.com/TrustChainTechnologies - Telegram: https://t.me/TCTmetachain Title: Re: [ANN] [TECH] MetaChain Post by: defyance on October 23, 2017, 05:28:25 PM https://i.imgur.com/BxsI8Ih.jpg -for graphics-[/list][/list]Hello Folks, we’re proud to announce something different. This is not a coin or proof of process announcement thread – this is a technology announcement thread. So sadly for you there is no ICO, nothing to buy or sell, but we really hope to open up a good discussion about features, problems and maybe we can find the one or other person who might be interested in joining our DEV team. First a few words to our team: We‘re TrustChainTechnologies, with members mainly from the the DACH region (Austria, Germany, Switzerland) and based in Austria. Our core team consists of about 20 persons, ranging from DEVs, designers, marketers, crypto enthusiasts and some who might categorize them differently. Our lead developer is FireMail, born 1986, who graduated summa cum laude in 2009, specializing in database architecture and cryptology. Our crypto enthusiasts run the biggest German speaking Facebook group for cryptographic currencies (https://www.facebook.com/groups/1058102100972677/) with about 16.000 members – if you’re from that group „Hi there.“ So what is our motivation: In our point of view the number of altcoins running their own chains is growing so rapidly that they most likely will run into one problem sooner or later – lack of physical hardware to support the network security. Some projects try to avoid this problem by having a PoW phase before switching to some kind of PoS or hybrid algorithm, but this fix is mostly just for a short period of time. As soon as the miners found all the PoW blocks and the algorithm switches to PoS for example, the miners remove their calculation power and use a single wallet for staking. This leaves smaller altcoins with the problem that they become vulnerable for attacks. Something else we discovered was the lack of real innovation for most coins. 90% or even more of the source codes are just forked from BTC github and the changes are mostly made in the proof of process part (e.g. PoS instead of PoW). This leaves every single altcoin with a bunch of code that the DEVs mostly haven’t even read or they ignore it since it’s not relevant for a fast ICO / fast release of the coin. But what happens when there is a bug because it’s an old fork and hasn’t been updated? What happens when there is an improved way for communication processing, block storing or other core features? Wouldn’t it be much better when DEVs could focus their manpower on real innovations rather than on reworking foreign code? So what is this MetaChain now? The MetaChain is a technological construct that provides the basic code set for multiple blockchains to run separately in one environment. You can imagine the MetaChain as OSI-Layer which encapsules different features (see below), allowing a DEV to save time in development without loosing the flexibility of working directly in C++. Features of the MetaChain (Please note that all these features are platform independent and their functionality can be configured, enabled and disabled by the user):
https://i.imgur.com/300Wskt.png Use Cases To show you why we chose to develop the MetaChain, we want to provide you with three use cases: 1) Automatic PoS Staking A node can be connected with a wallet to enable staking. Every private key within the MetaChain works on all SubChains, but every SubChain wallet address is different for the same private key. This means that we don’t have a security impact, but a general wallet for all SubChains. So when there are for example 10 PoS Coins within the MetaChain network and you hodl all of them, you only need one active wallet but participate in 10 PoS at the same time. This saves energy, hassle for possible updating of clients, easier backups and improves usability. 2) DEV time saving When you’re a DEV in blockchain technology you know that time is always a limited factor. So working on your own bitcoin fork to enable a different algorithm, that maybe has random airdrops and allows to push random binary data into the blockchain. There is so much you need to work around that has no real innovation: storing mechanisms, network communications, removing old code that’s not needed anymore, fixing bugs because other code suddenly relied on this old code etc. With the MetaChain you simply use a coin based workflow as provided from github, maybe overload the block structure, use API calls for network communication and upload this module for all to use. This is a huge timesaver which doesn’t remove your flexibility in development – so that DEVs can focus on innovation, rather than preparation. 3) Enlarging Network Most altcoins lack of supporting devices / hardware since they’re not well known or maybe they’re too complicated to be installed or something else didn’t work. When using this module based structure all participating MetaChain Nodes can enable your SubChain (or maybe they used a *-whitelist so all SubChains are allowed) which widens an altcoins number of nodes without the need of installing new software. In software design there is a principle that the barriers for a user need to be as little as possible to enhance his user experience - just imagine a user that can enable SubChains on his PC with a simple click. Network enlargement works for all SubChains and everyone helps everyone – why? Every new project on the MetaChain will target new users which might enable more than just one SubChain, thus enlarging the network without the need of additional software or steps. Conclusion and Future With the MetaChain we aim at providing a basic code set so that developers can focus their time on innovation rather than reworking old code. Another huge plus is that they can rely on a bigger hardware network with a settled community – when working with default provided modules the coin will run out of the box, without any additional steps. By using the newest NIST approved hashing standard SHA3 all SubChains are also quantum attack safe and have great performance by using the sponge-squeeze principle. With the usage of rocksDB as meta information storage backend we also used a very new, but heavily dynamic and optimized storage engine which allows very fast IO. Currently there are two Coins which are actively developed for the MetaChain. These coins will be later announced in their own threads and linked here. If you want to get informed what those two coins are, please subscribe to this thread. If you are a developer, a group of developer, some guy with mad graphic skills or think you can somehow help our team, please don’t hesitate to ask. We’re more than just happy to welcome you onboard! https://i.imgur.com/BxsI8Ih.jpg Links - Website: https://www.tct.io - Facebook: https://www.facebook.com/TrustChainTechnologies/ - Twitter: https://twitter.com/TrustChainTech - Forum: https://forum.trustchaintechnologies.io/ - Slack: https://join.slack.com/t/trustchaintech/shared_invite/MjM4NDgzNjU2MTI5LTE1MDUxMTE4MzktOTI3YTEyMWZhZQ - Github: https://github.com/TrustChainTechnologies - Telegram: https://t.me/TCTmetachain Title: Re: [ANN] [TECH] MetaChain Post by: FireMail on November 01, 2017, 09:11:31 AM Hi,
if you want to have a chat with us, we're at the Bitcon this weekend in Munich. Feel free to reach out to us - we're looking forward to great discussions :) All the best from the TCT Team! Title: [TCT] Technical Updates Post by: trustchaintechnologies on November 07, 2017, 05:48:12 PM Hi folks!
If you are interested in the development process of the Meta-Chain, please visit our forum. https://forum.trustchaintechnologies.io/Forum-News But please feel free, to ask us if there is any question bothering you. Your TCT-Team :) Title: Re: [ANN] [TECH] MetaChain Post by: moonswamp on November 07, 2017, 06:55:29 PM keep watching on this project, and waiting for the 2 new coins announcement!
Title: Re: [ANN] [TECH] MetaChain Post by: richintucson on November 21, 2017, 04:09:07 AM Without getting into deep technical details which the team is working with I'm a bit curious why the marketing incentives are lacking.
I may like the concept of having a system which in theory can withstand a quantum computer hacking attempt, but it appears this concept is more focused on high end investors and not the small investor who can promote the membership. Secondly to provide utility in the marketplace you'll need to develop a merchant base. At first glance it appears as if the reward for introducing a merchant or sponsoring a new member is 2.5%, which by comparison with the other programs won't attract much attention. So I'd appreciate some feedback on these issues, as I know there are only a few days left, but answering these questions would be of great interest to me. Title: Re: [ANN] [TECH] MetaChain Post by: U on November 21, 2017, 05:38:55 AM What's proof of trust?
Title: Re: [ANN] [TECH] MetaChain Post by: trustchaintechnologies on November 21, 2017, 04:12:15 PM What's proof of trust? Hi U. Proof of Trust is a new technology, developed by Trustchaintechnologies. You can find the details in our whitepaper and in our techpaper, both ready to download on tct.io Shortly teased: 3.1.1 Proof of Trust Proof of Trust (we’ll refer to it as PoT ) is a new concept that tackles problems of current signing technologies More details you will find in the following article in the whitepaper. ;) Yours TCT Team Title: Re: [ANN] [TECH] MetaChain Post by: dababe on November 25, 2017, 08:40:06 AM A proposed ICO with no traction? (Above you proudly stated "NO ICO" but your website says otherwise)
Where is the marketing? According to Google, you guys don't exist How will you get investors for your January ICO? Where are the marketing bounties? Where are you in social media? Whose your ICO investor target market? It surely isn't us. Thank you for your response in advance. Title: Re: [ANN] [TECH] MetaChain Post by: andreus74 on May 28, 2018, 06:01:42 PM Hi MetaChain Guys,
the last posting is from November 2017, are u guys already in business or do u stop development? Ur concept sounds pretty amazing to me. |