Hey there everyone! A little background firstMy wife is environmental engineer and she hates ASIC miners, I born in the Southamerican Andes and my city is suffering climate change, so anything that is not energy efficient is out of discussion for us. Yet we are not green-tards, we just try to improve our consumption habits. This is a mess! I know! So, in short, Proof-of-Work is not for us, period. Let's try to build something that is energy efficient. Proof-of-StorageThere are plenty of gigabytes not used in millions of computers connected to the internet, some of them use BitTorrent, but what about private files? Lets think on system that can compress, split, crypt and distribute several copies of my private data over the Internet, securely. A system where uploads and downloads are always free and where nodes providing storage service get rewarded with SC2 coins. I spend yesterday afternoon and evening designing the idea, sorry if this is too drafty but guess is time to release the idea since my background on cryptocurrencies is yet too short: - file storage, uploads and downloads are always free!
- 2^21 SC2 "pre-mined" to pay initial seed nodes infrastructure
- the network makes sure that each file has at least 10 copies of each chunk
- proof of storage:
- get rewarded to proof storage of files
- node stores each successful confirmation in the blockchain
- 8 confirmations needed each 32 min to consider the chunk is really stored there
- the confirmation:
- confirmations older than 8 min will be rejected by nodes
- created by the node that stores a copy of the chunk
- the node randomly picks 32 positions within the chunk, they are concatenated along with the microtimestamp and hashed with SHA256, which is then used as confirmation key
- confirmation database:
- chunk id
- confirmation id: UUID
- confirmation key
- microtimestamp
- the blockchain
- a new block is generated every 2 minutes
- a block contains
- all found confirmations from last 8 min
- all transactions from last 8 min
- nodes find to each other by broadcast
- the transaction
- address to send coins from
- receiving addresses and what amount should each receive
- the SC2 address
- 'SC' prefix
- long-random-key
- 'SC' suffix
- the node
- stores a full copy of the blockschain
- the storage node
- just like any other node
- stores copies of random chunks
- the wallet
- has a RSA-8192 pair: public-key and a private key
- the public key is used as the AES key
- stores the the list of chunks that compose the file tree
- the chunk
- each chunk is a part of a file
- compressed with xz
- crypted with the private wallet key
- named after its SHA-256 hash: [sha256].xz
- no need duplicate storage of identical chunks
- max chunk size starts at 1MB and varies by the total file size, the rules might change overtime as internet connection speeds improve worldwide
- the file descriptor
- split in chunks
- named after UUID: [uuid].file
- JSON format
- contains:
- filename
- filesize
- list of chunks that belong to the original file
- the file tree
- is just another file
- contains the file tree (directory structure)
And that is it, willing to get your feedback! watch this. |
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anybody give me the source link?
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You are correct - OP isn't anonymous anymore, but dev is anonymous. The point you made has less to do about my ability to apply logic and more to do with your lack of reading comprehension.
No, your point is irrelevant and you are just trying to be negative. My point is that the OP not being anonymous is just as good. I don't see how you can't understand that. Your opinion is noted, but I disagree on the matter of relevancy. I'm here to provide balance and keep things honest. I assume you have some wits about you and do not wish this thread to devolve into a circle jerk of romanticizing anonymous devs and propagating half-truths. You may be comfortable knowing that the OP is no longer anonymous, but I was merely making a correction for those who are just joining us and may not have poured through these last 44 pages. Dude you obviously have great interest in Pesa, because you coming back to this thread. Let's be honest, you wouldn't be watching this thread for days if you think it's a scam coin. Stop with the negative comments, you either have no life or you want to bring the price down. (To pick up some cheap Pesa  ) I have an interest in all new coins that claim to be concerned with anonymity, but I don't always post in them. Thank you for your interest in my browsing habits. The devs still had not given the explanation about the block rewards confusion. +1 |
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I am not trying to fud, but shouldn't the block reward be 2500 after the halving? It seems the block reward is currently 3333.33333333? Am I missing something? http://pes.blockexplorer.cc/chain/PesaSeemingly the reward was divided by 1.5 instead of 2. I wonder if this means there will be more than 20 million coins. 1-1000 10 million 1001-2000 5 million 2001-3000 3.33 million 3001-4000 ? 4001-5000 ? 5001-6000 ? Definitely a question for the dev. check the source code. |
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Anyone have any thoughts on halving the block reward every X blocks?
I'm definitely thinking of decreasing total coins and decreasing rewards in later blocks Thanks, how about ask bittrex add us? |
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I would be grateful for any feedback people have regarding Vialectrum vs QT. The pros and con's of each. I don't have any experience with electrum.
Which do you plan to use and why?
Thanks!
Here are some points to think about: Viacoin-Qt is the full node client and contributes to a healthy network. To backup you money you must backup the wallet.dat file. If you lose it, it's lost. Viacoin-Qt verifies the integrity of every transaction. Vialectrum in an SPV client and is like a dumb wallet relying on the Vialectrum network to tell it about blockchain history as opposed to reading it from the p2p network directly. Vialectrum uses 12 word seeds to generate your wallet. This means your 12 word seed is your backup. Using Viacoin-Qt contributes to the network health, Vialectrum does not. Thanks for the clarify. any updates on the future plan or timeline? |
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blockexplorer on true blockchain
only dedicated on false blockchain
+1 |
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I'm still working on the new client, I don't want to give out any official ETA, but I can say it'll be out in about two BitYears (Two Weeks).
A new coin no site no any thread You tell we need to wait for two weeks now What makes you let we wait? There is no plan what a coin with what let others buy? We will contact BITTERX will go to die you COINS from the shelves
Woah, take it easy man. This coin just launched a few days ago. I have seen so many people get excited by all the scam coins that don't even have a block explorer. This coin has everything setup but the website. dude If the coin without any update Two weeks later You will see a price lower than 100 I'm sorry if the timeframe isn't ideal, but I'm not going to make promises for a release tomorrow and just keep pushing it back. just do what you think is important, i will wait for this. thanks for the update. but personally, you may find somebody to update the thread, no need to do this all by yourself. we know pesa is far from a scam, pesa is a long term project. if all promised features been released, then pesa will be great. no just keep holding and waiting. |
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rewards just halved again
what's the current mining reward? |
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Taking a break from BlackCoin and sending my hashes towards BPC  bpc is a long term project. |
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