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41  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: June 16, 2019, 01:54:32 PM
Our new Triweekly Update is live! https://medium.com/@MerosCrypto/meros-triweekly-update-18-b427754ea3ce
42  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: June 08, 2019, 03:19:42 AM
Our new monthly podcast is live! https://youtu.be/Baygq4jkw4E
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: May 26, 2019, 03:48:20 PM
We don't have binaries available yet as our only testnets have been for developers. Compiling and setting up the node is a way to prove yourself as a developer. Once we setup a public testnet, which we will do before mainnet, we'll release binaries.
44  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: May 25, 2019, 08:39:18 PM
Everyone on our team has heard of Nano. In fact, Meros is heavily inspired by it. That said, Meros has increased security, a reduced risk of stalling, and adds needed functionality, such as timelocks, atomic swaps, and second layer support.

The supply is infinite as to always provide a block reward to reward miners.

Meros used to be named Ember. We changed our name due to conflicts with "EmberCoin", a project where the team had left and community had already regrouped under a new name. They have already performed a coin swap, yet we never launched any network (other than testnets) under the name Ember, and will not be performing a swap.

We have plans to release a both a mobile wallet with invoice support, to enable business to accept and track Meros payments with just a smartphone, and a payment gateway similar to BitPay which enables receiving USD in the end. We plan on enabling the second via Meros Works, a legally registered business which doesn't own any trademarks, copyrights, or patents over Meros.
45  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: May 21, 2019, 03:49:09 PM
The Block Reward is calculated using a negative sigmoid which is designed to remove how arbitrary halving is.

The total supply isn't applicable so miners always have a reward, something many other coins do.

The premine can't be stated as a percent of the total supply due to the lack of a total supply. It's roughly 350k Meros, with 100k released at launch, and 50k released every 6 months after until all 350k has been released.
46  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: May 19, 2019, 06:35:41 PM
Our new Triweekly Update is live! https://medium.com/@MerosCrypto/meros-triweekly-update-17-7f3fd74c1a3
47  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: May 03, 2019, 08:41:34 PM
A new episode of our Monthly Podcast just went up! https://www.youtube.com/watch?v=rUpQ1JLGrxw
48  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: April 29, 2019, 04:49:42 AM
Our new Triweekly Update is live! https://medium.com/@MerosCrypto/meros-triweekly-update-16-15ff043381e8
49  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: April 08, 2019, 04:55:59 AM
prague: Testnet coins will not have any mainnet value, however previous testnet participants are planned to receive MR for their contributions. This will likely extend to our future testnets, but depends on how many people join, and how much they help out.

CaVO32: We agree wholeheartedly, and are already planning ways to gain adoption. Beyond the normal items, like a mobile wallet which supports invoice tracking (which are easier to use than desktop-based payment processing software), we are planning new ways to convince larger businesses to accept Meros. That said, we will need the users to back us up, which is why we're here, making this post. while we finish writing our software and posting updates on our work.
50  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: April 07, 2019, 04:07:01 PM
The block reward provides incentive to miners, just like BTC until 2140, and Ethereum.
51  Alternate cryptocurrencies / Announcements (Altcoins) / [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future. on: April 07, 2019, 01:47:13 PM

Meros is an entirely new, instant, and feeless cryptocurrency, designed to live up to the term and be a currency. Our goal is to enable payments between anyone, anywhere. We don’t believe in shouting buzzwords or centralization. We believe in providing the best tech possible, for the best currency possible, focusing only on elements that improve the currency itself. We set out on this journey with no ICO, no corporate backing, and no venture capital, yet have actively developed Meros for almost an year, building a functional and secure network.

For a quick summary, all Meros transactions are stored on a DAG, allowing non-latent transactions, yet a blockchain also secures the network, providing heightened security via Proof of Work. The two work together according to the brand new Merit Caching Consensus Mechanism, designed and written for Meros. Meros also offers data transmission, yet makes sure that transactions will always be prioritized over data.

Our purpose in this announcement is to grow the Meros community and establish our presence on the cryptocurrency playing field.

Specifications:
  • Name: Meros
  • Symbol: MR
  • Block Time: 10 Minutes
  • Block Reward: 50 to 1 MR, calculated via a negative sigmoid which is a function of the difficulty
  • Total Supply: Not applicable
  • Mining Algorithm: RandomX
  • Signature Scheme: Ed25519 (Transactions) and BLS (Verifications)
  • Address Format: Bech32
  • Premine: 352800 MR, time-locked over 2.5 years

FAQ

How far along is Meros?
Meros has been in development for over 11 months now. We have completed two Developer Testnets, which were open to anyone who compiles the node.

How is Meros instant if it uses a blockchain?
This is due to the Merit Caching Consensus Mechanism. The Merit Caching Whitepaper is linked above, yet to summarize it:
  • All transactions are published to the DAG.
  • Merit Holders submit Verifications, which are valid as soon as they are received.
  • A transaction is confirmed when it gets 50.1% of the weight.
  • The blockchain archives these Verifications.

How is this PoW if there’s "Merit Holders" and weight?
The blockchain is mined via RandomX. Mining the blockchain earns weight in the form of Merit, which is used to verify transactions on the DAG. Verifications are then archived on the blockchain, and new Meros is distributed based on those Verifications.

Why does Meros have data transmission but not a smart contract engine?
Data transmission enables a smart contract engine, yet we believe that is a separate project than a currency, best left to a second layer. We will offer a BTC style scripting engine in order to enable second layers though.

How does Meros handle spam?
Typically, transaction fees stop spam. Since Meros doesn’t have those, we have an adjustable spam filter where users must ‘spend’ CPU cycles to prove their transaction isn’t spam. Data transmission has a separate spam filter, which is how we make sure transactions will always be prioritized over data.

Why is the total supply not applicable?
In order to continue to reward miners, when there’s no transaction fees, there will always be a block reward.

Why are you using two different signature schemes?
Ed25519 is simply a better algorithm than the ‘traditional’ SECP256k1 algorithm. That said, BLS allows signature aggregation. This means we can have one signature for hundreds, or even thousands, of Verifications, and verify them all at once.

Why are you doing a premine and not an ICO?
A time-locked premine means we only make money if we deliver a working product and the coin succeeds. An ICO means we make money for having a great marketing team. It’s fairer to the community to do a premine.

When will Meros be launched?
We planned on launching our mainnet at the end of Q2, 2019. Before launch, we need to match our updated protocol specification, create a quality GUI, do a few more testnets, and have our codebase thoroughly reviewed, pending a full audit. We could launch at the end of Q2, with just a CLI and without proper testing, yet the team considers it their moral responsibility to make sure a new monetary platform is secure, and our community has decided they'd prefer a delay over having only a GUI at launch. For these reasons, our current statement on when Meros will launch is "2019".

What is Ember?
Ember was the original name of the Meros cryptocurrency. We rebranded due to conflicts with dead projects.

Updates
Proposal
Update #0
Update #1
Update #2
Update #3
Update #4
Update #5
Update #6
Update #7
Developer Testnet
Update #8
Monthly Podcast #1
Update #9
Update #10
Monthly Podcast #2
Update #11
Developer Testnet 1D Summary
Monthly Podcast #3
Update #12
Update #13
Monthly Podcast #4
Update #14
Monthly Podcast #5
Update #15
Update #16
Monthly Podcast #6
Update #17
Monthly Podcast #7
Update #18
Update #19
Monthly Podcast #8
Update #20
Monthly Podcast #9
Update #21
Monthly Podcast #10
Update #22
Monthly Podcast #11
Update #23
Monthly Podcast #12
Update #24
Monthly Podcast #13
Update #25
Monthly Podcast #14
Update #26
Developer Testnet #2
Developer Testnet #3
Monthly Podcast #15
Update #27
Monthly Podcast #16
Update #28
Monthly Podcast #17
Monthly Podcast #18
Monthly Podcast #19
Monthly Podcast #20
Monthly Podcast #21
Monthly Podcast #22
Monthly Podcast #23
Monthly Podcast #24
Monthly Podcast #25
Monthly Podcast #26
Monthly Podcast #27
52  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: April 06, 2019, 05:32:46 AM
Our new Monthly Podcast is live! https://www.youtube.com/watch?v=9tmOXTHVA9o
53  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: March 18, 2019, 10:31:39 AM
Our new update is live! https://medium.com/@MerosCrypto/meros-triweekly-update-14-a80bbddb0cb7
54  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: March 08, 2019, 09:28:51 PM
Our new Monthly Podcast is live! https://youtu.be/f8NuNl5AhJs
55  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: February 24, 2019, 01:46:48 PM
Our new update is live! https://medium.com/@MerosCrypto/meros-biweekly-update-13-af4f40b1b939
56  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: February 04, 2019, 03:52:13 AM
Our next Biweekly Update is live! It actually covers a three week period, yet due to the testnet summary we published last week, we really only had a week of work to discuss.

https://medium.com/@MerosCrypto/meros-biweekly-update-12-474ba7f64240
57  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: February 01, 2019, 09:14:47 PM
Our new State of the Project, a monthly podcast we do to provide updates, is live! https://www.youtube.com/watch?v=M6Ej6k7sG9g
58  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: January 24, 2019, 10:59:29 PM
@PuertoLibre
We've already done two testnets and made sure to announce them in advance on BTC Talk, both times.

That said, to be eligible to join the testnets we've done, you have to compile the software yourself. The node isn't ready for the end user, so it's a test to prove you know your way around a computer. We will do testnets where anyone can join, just by downloading the wallet, but we're not there yet.
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: January 24, 2019, 10:34:30 PM
We've just published our summary of Developer Testnet 1D! https://medium.com/@MerosCrypto/meros-developer-testnet-1d-summary-a44dbc09894e
60  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ember: An instant and feeless cryptocurrency for the future. on: January 21, 2019, 07:14:37 AM
Our testnet has succeeded in exposing what we need to work on, and because of that, we are extending it to last more than one day, which means we will not be uploading a blog post on Monday, but instead be uploading one when the testnet ends.
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