so, do we know when the tracking of node will work again?
it has been days since no reward as been acknoledged by the system :/
Brief update for you all on secure node tracking and payments.
We've completed just about all the server moves and upgrades - @cronic did a lot of work on that during the last week.
The first payment run we did about a week ago generated an error and a spurious payment. For these first ones we are going through them carefully to make sure things are going properly. As we get them working well we can speed up and automate the process more.
I have been testing the upgraded payment process using the updated software with @devman on testnet for the last two days.
It looks to me, in my testing with payments on testnet, that we have the right process and enough checks to make sure everything goes well on the mainnet payments. I believe during the server upgrades the secure node tracking status has been maintained for all connected secure nodes, meaning when we do start payments they should go out to everyone that has been running nodes that meet requirements since we first started tracking them.
We both have families so there has also been timeout for the holidays. We are, however, planning on continuing to work over the next few days and as long as at takes to get this working properly.
Thank you for your patience and support as we work through the process, and thank you for operating ZenCash Secure Nodes!
@blockops Tomorrow 1 pm EST is bi weekly update and we will get more info, and many will have chances to ask questions directly. |
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The Trusted Setup is a vital part of what makes Zcash work. Zcash is the first coin to use a simplified implementation of a new cryptographic proof called zk-SNARKs (SNARKS for short). These SNARKS are the engine that can quickly and efficiently verify a transaction and add it to the blockchain without revealing any details to the public. The tricky thing about these SNARKS is that (like many algorithms) they need to have a one time setup. And the reason that this setup is called the “Trusted Setup” is because you have to trust that whoever generated those keys destroyed them when they were done.
Does this mean that ZenCash, ZCash, and ZClassic all share the same trusted setup private key?Sounds like a terrible idea. I hope that isn't the case. Would really appreciate if anyone elaborated. Zen & Komodo & ZCL & Hush & ZCash all have the same trusted setup. |
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- Are you planning to have nodes on windows?
- Where can I test if Intel Celeron G3900 2x2.8GHz is enough for a node?
Yes this processor should be enough. I still don't have confirmation anyone created SN based on Windows machine. Anyway you can use Virtual Machine. |
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Thanks, debating on if it's worth the trouble. 3.5% was crap and they lowered it to 3%. Nodes should always be incentivized, Satoshi's 2nd biggest mistake. It should be more around 20%. they lowered it ? can you answer this MedaR ? Payments are based on a 3.5% percentage of the mined block reward are split between all Secure Nodes that meet criteria. This is initial setting and can be changed later, we still don't have voting system implemented and Nodes are still in beta. |
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Good information, but how was the trusted setup handled? Did the keys get burned in a way we can know it is done?
If someone got a hold of the keys, what damage could they do?
Zcash and ZenCash, solves the privacy and fungibility problems by using zero knowledge proofs, Zcash was the first coin to use zk-ZNARKs. In Zcash and ZenCash a private currency exists that divulges neither the sender address, receiver address, or amount sent. This is fundamentally different to mixing, and a fundamentally superior in terms of facilitating real privacy. The zero knowledge proof algorithm used in both Zcash and ZenCash is called zk-SNARKs. Why do these keys have to be destroyed?
The initial parameter generation for the zk-SNARKS creates the keys that are used to create proofs for private transactions, and to verify those proofs. These keys are the single way for transactions to be proven as good and not forgeries on the global encrypted blockchain. When the keys are first created there is a hidden parameter that links the two keys. It is the secrets used to generate these keys that if not destroyed could be used to forge transactions by false verification thereby giving that person the ability to create unlimited Zcash undetected. https://minezcash.com/zcash-trusted-setup/https://zensystem.io/assets/Zen%20White%20Paper.pdf chapter 5.2 https://z.cash/technology/zksnarks.html |
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I'm a little concerned with the node situation. Yes I understand the idea behind having such a low coin requirement giving most people the chance to join, but it seems rather lackluster (even with price growth) for the average investor. The idea of an investment is to net returns by being the "backbone" of the project. The complexity of compiling the node on Linux (let's be honest most people don't even know about crypto, even less know how to use crypto, EVEN less would have the knowledge to compile a node using Linux) + the lackluster rewards will hamper the coins growth. I do believe the coin will succeed but for now I released about 60% of my zen to reinvestment into other projects.
Why should you be concerned? System didn't even started yet. Once when we establish network, and voting system we will be able to change whatever is needed. Through System feedbacks we will be able to determine what is first in line for fixing or changing. Now we only need to be patient. |
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Now that there is some evidence McAfee can be bought for pump schemes, I wonder where drove him to mention ZEN. Hopefully, no one from ZEN engaged in any type of shady deals with that @sshole. It would hurt the coin significantly if it ever came out.
 What evidence? Someone tried to execute scam. Anyway this is offtopic. |
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Question RE: ZENCash - Was there any sort of a Trusted Setup like with Zcash? If so - how was that handled?
 So what is the Trusted Setup and why should I care?
The Trusted Setup is a vital part of what makes Zcash work. Zcash is the first coin to use a simplified implementation of a new cryptographic proof called zk-SNARKs (SNARKS for short). These SNARKS are the engine that can quickly and efficiently verify a transaction and add it to the blockchain without revealing any details to the public. The tricky thing about these SNARKS is that (like many algorithms) they need to have a one time setup. And the reason that this setup is called the “Trusted Setup” is because you have to trust that whoever generated those keys destroyed them when they were done. Zclassic, a Zcash clone that changed some key parameters our community felt were important: removed both the 20% Founders’ Reward for the first four years (10% lifecycle equivalent) and the slow start to the money supply. ZenCah - Release date: 8PM EDT, 23rd May 2017 as a fork from Zclassic (0:00 UTC). Anyone who held Zclassic prior to the block 110,000 chainsplit was allocated a 1:1 amount of Zen automatically. Simply import the Zclassic private keys into the new Zen wallet after the launch to redeem your tokens. Bittrex credited everyone who owned Zclassic at block 110,000 with an equivalent amount of ZenCash. |
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Note about Testnet ZenCash only. If you need testnet ZEN, you should be able to run testnet on your PC or Mac by adding the testnet=1 line to your zen.conf file. Then start your ZenCash wallet, and you should have a testnet transparent address. Ask for about 50 testnet ZEN in the ZenCash Slack or Discord #securenodes channel and post your testnet <T_ADDR>. Someone will send you some and you will off and running.
If you insist go to Discord channel #securenodes. Mainnet Beta Information
The entire system will be in beta on mainnet with the intent to stress test the servers and address any new issues that come up as the load on the system grows. Once the servers have stabilized (target is two weeks), payment creation and processing will be enabled.
Payouts should begin within a few days of the first payment earnings created. This will be announced also! https://blog.zensystem.io/secure-node-beta-testing-is-moving-to-zencash-mainnet-nov-30/+ https://blog.zensystem.io/zencash-secure-node-beta-testing-payments-progress/ |
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Hello. How can i receive testnet zen? WHo can send me? Please help. Thansk in advance Please send 50 testnet zen  ztnu8UQGzeHwaTU1mx75uCHg19puNNKAoXJGdTBRVJtm79dAm5LV2FHK7arDd1ADckL2gc18toWaGVG rWZzj5xahUs2VjpT We are on mainnet and you need a real Zen if you are going to setup Secure Node. |
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Merry Christmas |
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How often should payments come? I only see 3 payments since 16th of December.
From Discord, it was same question  payment frequency will initially be weekly since we still have to manually go in and adjudicate batch payments; we'll be looking to do more automation in time, but for now it's prudent to have a human-in-the-loop to make sure things are working right.
amount = 3.5% of block rewards. Initially this will be higher since we have accumulated node rewards sitting in escrow that need to be distributed.. @finpunk |
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Brief update for you all on secure node tracking and payments.
We've completed just about all the server moves and upgrades - @cronic did a lot of work on that during the last week.
The first payment run we did about a week ago generated an error and a spurious payment. For these first ones we are going through them carefully to make sure things are going properly. As we get them working well we can speed up and automate the process more.
I have been testing the upgraded payment process using the updated software with @devman on testnet for the last two days.
It looks to me, in my testing with payments on testnet, that we have the right process and enough checks to make sure everything goes well on the mainnet payments. I believe during the server upgrades the secure node tracking status has been maintained for all connected secure nodes, meaning when we do start payments they should go out to everyone that has been running nodes that meet requirements since we first started tracking them.
We both have families so there has also been timeout for the holidays. We are, however, planning on continuing to work over the next few days and as long as at takes to get this working properly.
Thank you for your patience and support as we work through the process, and thank you for operating ZenCash Secure Nodes!
@blockops
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Kevin interviews Rob Viglione, co-founder of ZenCash (ZEN), a fork from ZCash/Zclassic. They talk about Rob's vision for the ultimate privacy coin, other players in the space, and what makes ZenCash different. https://www.kevinrose.com/single-post/zencash
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Quick question. Is the Zenpaperwallet.com website legit? If so, why does it not allow me to generate an address whilst not connected to the internet? I checked out the source but unlike bitaddress there's no working html copy to use it offline.
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6 Lesser Known Crypto Coins and Tokens That Could Be Big Gainers in 2018.
2. ZEN ZenCash
I first began my promotion of ZenCash back when the coin was hardforked from ZClassic. I am a huge fan of privacy and the ZenCash team is working hard to deliver a product that delivers exactly that. ZEN has recently had a nice run but I believe the price of ZEN could hit 3 figures by the end of 2018.
I had the pleasure of hanging out with the ZenCash team while I attended LaBitConf in Bogota last week. The excitement around the project is electric! It does not hurt that the team brought on Crypto Influencer extraordinaire Tatiana Moroz.
ZEN is available on Bittrex, Coss, Cryptopia and Trade Satoshi. https://steemit.com/cryptocurrency/@hilarski/6-lesser-known-crypto-coins-and-tokens-that-could-be-big-gainers-in-2018
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Join ZenCash and make a difference this holiday season by donating to BitGive!
For every donation, ZenCash will match it (up to $2500).
Donate here:
link ? I'm not sure if this is legal to post addresses, so I posted link with instructions. -> Above |
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