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41  Bitcoin / Project Development / Re: Crypto for Knowledge transferring on: April 17, 2018, 04:58:47 AM
I am working on a new crypto that empowers the Knowledge transferring process. Does anyone know some current cryptos that focus on this?

To help you we should understand completely in order to be able to share correct and right advice or information, it seems we need to know more detail of the concept of your project. I think you will do some comparative to other existing crypto to find unique solution.   

If you know a crypto project which is similar with us, I am very glad to learn from them to improve our project.
42  Bitcoin / Project Development / Re: Crypto for Knowledge transferring on: April 17, 2018, 04:56:49 AM
Hello
Greetings!!!

I just read your post and according to my understanding, you are looking for a data (Message) transfer at the time of transaction means you want to make a functionality like while transferring crypto you need to provide a message box to write the reason for the transaction.

Please correct me if I am wrong.

Rest, please let me know your good time to schedule a quick call to discuss about the requirements properly.

Hope to hear from you soon with a positive response.
Thanks and Regards,
Arun Sachdeva
Telegram: @arunsachdeva
LinkedIn: https://www.linkedin.com/in/arunsachdeva/
Email: arun@revinfotech.com
Skype: mvteams1

We try to create a second layer to allow people to attach information related to the transactions on-chain. Imagine that you want to buy a house with crypto, it is really hard now to protect yourself cause the seller might cheat on the transaction. You have to hire a lawyer to prepare all the terms, proving that you own the crypto address and requiring KYC of the seller. We try to bring all that related information onto blockchain along with the transaction.

To make it light and faster, we divide the network into 2 layers, Layer 1 for transferring value and Layer 2 for attaching information related to the transactions. With the concept like that, blockchain can empower real businesses.
43  Bitcoin / Project Development / Re: Crypto for Knowledge transferring on: April 17, 2018, 04:53:19 AM
A little bit change in design. Now we have Knowchain here, take a look buddies: https://knownetwork.io/.

What are your thoughts and feedbacks?

Hi, just some proofreading (well, not from native speaker though): I think "suply chain data" should be changed to "supply chain data" on the main diagram.

Thank you there. You were right, we made a mistake!
44  Other / Beginners & Help / Re: my brief summary on Proof of Work on: April 17, 2018, 04:42:58 AM

There is no reason for the number '6', its only a number of confirmation adopted by most of the services, because when you have more confirmations, more difficult to the miners reverse the transaction. In truth its very difficult to happen, the attacker needs a big percentage of the total hash rate to reverse the transaction even after only one or two cofirmations, and try to mine again a block to try to build a new longest chain above the old block is not profitable since you are competing with other miners which are already mining the longest chain.

You can calcule the probability for a miner to reverse a transaction here: people.xiph.org/~greg/attack_success.html

Got it, thank you! However, when I check the tool, with 40% hash-power a group can have more than 50% probability to win over the network. It is not really needed to have enough 51% I guess.
45  Other / Beginners & Help / Re: my brief summary on Proof of Work on: April 16, 2018, 10:52:12 AM
Quote
It doesn't need 6 confirmations to be finalized.
Bust many exchanges and websites will wait for 6 confirmations before accepting it, as a transaction is only considered irreversible with 6 confirmations.

I know only the rule - The longest chain will be the right one.

Can you please explain more about "a transaction is only considered irreversible with 6 confirmations."
46  Bitcoin / Development & Technical Discussion / Re: Lightning Network / Bitcoin scaling question on: April 16, 2018, 10:37:37 AM
LN is similar with Raiden on Ethereum, isn't it?
47  Other / Beginners & Help / Re: my brief summary on Proof of Work on: April 16, 2018, 10:15:19 AM
Can you explain about 6 confirmations needed for a transaction to be finalized?
48  Bitcoin / Bitcoin Discussion / Is there any way for Bitcoin users to be protected by governments? on: April 16, 2018, 10:06:39 AM
Example I buy a house from a seller, how can I protect myself if I want to use Bitcoin as payment currency? That's real problem because he might not give me the house or cancel the things when I already sent him BTC.
49  Bitcoin / Project Development / Re: Crypto for Knowledge transferring on: April 16, 2018, 10:00:27 AM
A little bit change in design. Now we have Knowchain here, take a look buddies: https://knownetwork.io/.

What are your thoughts and feedbacks?
50  Alternate cryptocurrencies / Altcoin Discussion / Re: NEO dBFT discussion on: April 11, 2018, 07:34:15 AM
That is not a clear answer. So how many rounds of communication will happen in the Commitee?
51  Alternate cryptocurrencies / Altcoin Discussion / NEO dBFT discussion on: April 03, 2018, 05:31:54 AM
From the document of NEO (http://docs.neo.org/en-us/node/whitepaper.html), the dBFT consensus plays a vital role in keeping the network stable and safe. As long as the malicious nodes are less than 1/3 of the total nodes (or more exact - more than 2/3 of Consensus Nodes are honest), the network still be safe.

One question is, during the communication between the Consensus Nodes Committee (Starting from the aka "Speaker"), how many round of Messages will be sent in the Committee? In paper I thought they imply 2 rounds. Because after 1 round there might be the problem of equal values that one Consensus Node received from other Nodes (described in http://marknelson.us/2007/07/23/byzantine/)

* A round of Message is defined as the completion of broadcasting messages to all Consensus Nodes.
52  Bitcoin / Bitcoin Discussion / Re: Bitcoin has no role in real world on: February 04, 2018, 07:21:19 AM
If it has no role in real world, no real people bought it! The reality shows that Bitcoin has its own role in the advancement of technology and currency market. Imagine 50 years later when your grand children talk about Bitcoin, it's gonna be legendary!
53  Bitcoin / Project Development / Crypto for Knowledge transferring on: December 04, 2017, 07:58:20 AM
I am working on a new crypto that empowers the Knowledge transferring process. Does anyone know some current cryptos that focus on this?
54  Bitcoin / Bitcoin Discussion / Re: Can bitcoin survive? on: December 01, 2017, 02:31:46 AM
I am waiting for $15k now.
55  Local / Other languages/locations / Re: Việt (Vietnamese) on: November 06, 2017, 04:46:05 PM
Cái này là sao bác, giới thiệu kỹ hơn một chút nào

ae ai chưa biết powtoken thì tranh thủ tham gia kiếm vài $ nhé , cái này giống hồi đợt stellar Smiley
ref ủng hộ e nhé  Grin
http://www.powtoken.com?ref=pow2921
56  Local / Other languages/locations / Re: Việt (Vietnamese) on: November 01, 2017, 05:38:35 PM
Bọn mày rep trong này để lên post à, dân chơi  Grin
57  Economy / Trading Discussion / Re: What if everyone withdrew their coin in fiat? on: October 13, 2017, 05:55:41 AM
The price not reach $0 you know why guys? It is because there were lost wallet out there that really cost too much and with lots of btc on it. And there lots more lost coin out there, so there will be no reason to turn this thousands of dollars into zero balance. And also people will not let bitcoin fail, so.exchange will never be worry about that because big investors will really hold their coins for long, How I wish I can be one of them, rich man with btc in my wallet. So I will.not let btc value fall so down.

This is a very good point, bro. You get my support!
58  Bitcoin / Development & Technical Discussion / Re: bitcoin address question on: October 03, 2017, 09:42:24 AM
2) Who keeps track of which public keys are generated and what is its corresponding private key .. as far i understand there is no one so i wonder how it works

Only YOU need to save your private and public key (private key is enough, because the public key can be created out of the private key if you lose your public key).

Nobody else need to know which public or private keys exists or were used.

Some basics:
Private/public key pairs have the following attributes
  • A private key can be created randomly
  • You can create the public key out of the private key with some mathematical rules
  • You CANNOT create the private key out of the public key -> so you can safely pass the public key (in Bitcoin it's actually a hash of the public key) to anyone without risking they can create the private key out if this public key
  • You can sign a message (in Bitcoin the message is a transaction) with your private key
  • You can prove with the public key, that a message was signed by the corresponding private key

With this in mind let's assume, you own 1 Bitcoin which was previously sent to one of your Public keys.
If you want to spent this 1 Bitcoin, you need to create a transaction.
Within this transaction you need to prove, that you own the private key of the public key which holds the 1 Bitcoin.
You can do this, by signing the transaction with your private key. As we learned above, when you sign something with your private key, anybody else can check with the public key (which is also included in the transaction), that the signature was created by your private key.
In the transaction you also pass a recipients public key where you want to send the Bitcoin.

This transaction is passed to the Bitcoin network (send the transaction to each Bitcoin node which is connected to your Bitcoin node (Wallet)). Each node will verify if this transaction is valid. One check to verify is, if your created signature matches with the public key which holds the Bitcoin. If you sign with a wrong private key, the transaction is invalid and will not be forwarded to the next  Bitcoin node. If it is valid, it will be forwarded to all other nodes in the Bitcoin network.
After some time, a miner will take your transaction and put it in one block he mined.

This shows, that it is not needed to track which public keys were already used.
You just prove that you are the owner of the private key by signing the transaction.




Thank you BittyBatty, your explanation works for me.
59  Bitcoin / Development & Technical Discussion / Re: bitcoin address question on: October 03, 2017, 05:08:57 AM
Just a side note, do wallets in general check if the address they have produced is already used?

No.

Then someday I may generate your current address and I also have a private key to control the address balance?
60  Bitcoin / Development & Technical Discussion / Re: What happens to BTC after they're all mined and billionaires own majority btc's? on: October 03, 2017, 04:45:50 AM
Will the miners stop mining because they get fewer and fewer bitcoin (as rewards)?
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