We are working on it. Troubleshooting why it's not picking up some of the minting transactions. It should, and it is all being recorded in the database. However, in my discussions today, we discussed Electrum may not be the best option for watching all of your staking wallets, there are some bigger bugs and issues related to staking. Including the Electrum wallet is limited to 1,000 transactions. With 1 minute blocks and multiple addresses, that can add up pretty quickly. So we are recommending not using Electrum for staking wallets until we can spend a good deal of time to do a major upgrade on it TBD.
These are short term issues, and the Electrum wallet was really created as an easy way to manage smaller amounts of funds and quick transactions. For now you will have to use another option for watching and tracking your staking wallets.
Exporting from the QT wallet is the best option, even if you have to sort and remove the orphan minting blocks. In excel that is just a matter of sorting or filtering. But the block explorer or history API call in Abe are good options as well, you will have to do it by address, but you won't have to remove the orphans.
Thanks for the heads up. So, just curious, is the 1,000 transactions limited to the life of the wallet? And yes, I'm sure all my addresses have logged more than that many transactions by now! I'm using the QT wallet for now. I have noticed that while the wallet will still work, the blockchain does corrupt just as easily as any other blockchain. I've had some interesting experiences with total balance inaccuracies that were corrected upon a fresh download of the blockchain. I do like the fact that even if the chain is corrupted, the wallet will still function. Nothing like having to wait for the whole thing to download again just to make a withdrawal that you thought would only take a minute  The QT exports work fine, and I've figured out how to get rid of the orphans (you sort by "confirmation" and delete all the "false" rows and you're good to go). A wallet repair feature I've seen in other QT wallets is a command or button that will clear all the orphans from the wallet itself. I'd love to see that feature added to DNotes QT, but since it's a slight enhancement without which life goes on just fine I can see that being closer to the bottom of the priority list. I like the idea of going the API route for watching multiple addresses, and when I decide to delve into that further I will definitely check out the Abe API calls you shared. 1,000 inputs for electrum wallets for now, 10,000 total history it will show. But I'm sure we will be able to raise that with a few upgrades in the future. It does make a really nice mobile or lite-weight wallet. So I suspect even for normal pay use, we will have to raise it or provide an alternative down the road. I just came to realize that was a limitation in Electrum. The only way the blockchain gets corrupted is if it gets corrupted locally on your machine when say there is something like hard drive issues, hard shut downs, that sort of thing. If it was corrupted, I would think the wallet stops working or gets stuck on a specific block as it reads the blockchain. The greater blockchain on the network itself would reject any false/corrupted data. You will have the occasional glitch, but those are easily solved, usually by restarting the wallet. I am beginning to suspect the issues you are having, if they are with the QT wallet, are more procedural. Are you using multiple wallet files? And when you swap wallet files are you also swapping the data files with it? Or doing a rescan when you swap wallet files to pick up your transactions that belong to that wallet? For example, let's say you have AWALLET and BWALLET. You update AWALLET, up to block 100. Then you swap just wallet.dat to BWALLET and open up the QT wallet. Any transactions that occurred for BWALLET up to block 100 will not show in the QT wallet. This is not obvious behavior, unless you understand that the QT wallet is reading each block as it downloads, and only storing for quick reference the data related to the wallet that is active while downloading. You can manage this by making backups of the entire data directory for the that wallet. Or by downloading the blockchain from scratch when you swap wallet files. Or by doing a rescan. But the easiest way is to backup the entire data directory with the wallet. Also, there is a repair wallet function that can be run from the console menu. I suspect what you want is rescan, which to run rescan for desktop you would do dnotes-qt.exe -rescan from the command prompt in the directory where the qt wallet program is located. That will sync the local blockchain and the current wallet to show your transactions. From my standpoint, these are all the complications that most users shouldn't have to worry about, some will by choice of course. Not to mention they come with significant risk. Cold staking combined with the DNotesVault, along with some upgrades to the DNotesVault, will make this process super easy for the user to participate in supporting the network and earn staking reward without requiring a deep understanding of the technology just to use it and as close to 100% safe as possible. All we need is time and money, hah. Edit: Note that Electrum will still show the correct balances even over limits. We are just having a problem with it showing and calculating some staking transactions right now. |
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DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://dashboard.listex.io/trading/notebtchttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcWe are actively working with and in active communication: https://www.coinexchange.ioBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ |
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i think we are getting ahead of our selfs here. these people have been credited with so many things in the history that is beginning to be hilarious to look at. anyway, the educational project is a good idea and is a sign of a solid project and dedicated devs. Great job DNotesEDU. I too have read many stories of the Knights Templar as well as the history of ciphers in medieval and even pre-dating medieval times, if they did use a form of cryptography to identify the owner of treasure that is quite amazing and makes for quite an interesting article. |
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Trust is Invaluable in Financial Services - Poison in the Well |
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Just a heads up, Electrum server may be down temporarily.
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Thanks for the information. I wonder if the Electrum read only wallet would export a private key for each address that suits the Electrum format and then I could import those into a new fully functional wallet? Just thinking out loud. I won't be able to try it until much later today.
I still have the issue that it's not showing a lot of the recent minting transactions (my read only wallet). It did, however, pick up on two deposits (sent from an exchange) during the same time period that the minting transactions are missing from. That part seems really strange to me.
We are working on it. Troubleshooting why it's not picking up some of the minting transactions. It should, and it is all being recorded in the database. However, in my discussions today, we discussed Electrum may not be the best option for watching all of your staking wallets, there are some bigger bugs and issues related to staking. Including the Electrum wallet is limited to 1,000 transactions. With 1 minute blocks and multiple addresses, that can add up pretty quickly. So we are recommending not using Electrum for staking wallets until we can spend a good deal of time to do a major upgrade on it TBD. These are short term issues, and the Electrum wallet was really created as an easy way to manage smaller amounts of funds and quick transactions. For now you will have to use another option for watching and tracking your staking wallets. Exporting from the QT wallet is the best option, even if you have to sort and remove the orphan minting blocks. In excel that is just a matter of sorting or filtering. But the block explorer or history API call in Abe are good options as well, you will have to do it by address, but you won't have to remove the orphans. |
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The electrum wallet and qt wallet absolutely use different formats for generating the private key. Though I'm fairly certain you should be able to import or sweep into electrum from the QT wallet. Not something I tested originally, so it will require a bit of a deeper dive. If you were importing a private key into a fully updated QT wallet, it was likely slow as it has to scan through the entire blockchain, block by block, to find all of the transactions. Similar to the way it does when it downloads the blockchain from scratch. The blockchain is only about 80 megs of data right now, but it takes several hours to download because it has to read all the information as it downloads to determine what belongs to your wallet. Electrum does have export options, under the wallet menu, you can export History. Other options you can use: Export CSV or watch from the explorer: https://chainz.cryptoid.info/note/ upon address lookup. https://abe.dnotescoin.com/qWe also recently added a few API calls for Abe explorer including transaction history. Which we will be using for a different project. https://abe.dnotescoin.com/chain/DNotes/q/address_history/YOURADDRESSAnd the format of the last one is: Transaction id Block height Block hash Block time (excel formula to convert to date =(((D2/60)/60)/24)+DATE(1970,1,1) ) Transaction type (D for deposit, W for withdrawal) Value (The total balance change for the address we passed in for the whole transaction: output to this address – input to this address) Balance (running balance as of this tx) Second address (address we either received money from or sent to, there may be multiple lines for each transaction if there are multiple of these) Second address value (if we sent money, this is the value on the tx output, if we received, this is the value of the input to the tx, in this case we do not account for change) Currency (this is just for completeness, Abe supports multiple currencies at once) Transaction id,Block height,Block hash,Block time,Transaction type,Value,Balance,Second address,Second address value,Currency |
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I am trying to create a new Electrum wallet using a list of private keys. I'm entering one key per line, and once I get all the keys in, the NEXT button stays grayed out. Is there a special way to separate DNotes private keys in Electrum so that the software will recognize the keys?
Update: I experimented a bit and I can see that as soon as I input a regular DNotes address (to make a read only wallet), that NEXT button immediately lights up so it's available to click on. But even when I enter only one private key and make sure there are no extraneous spaces, the NEXT button stays grayed out.
What am I missing?
Update 2: I went ahead and created a read only wallet by using all my addresses and that seems to work except that the wallet is stuck at a day behind, or seems to be. It's showing no transactions from today, even though there have been quite a few minting instances. I thought that since it doesn't have to download the block chain, syncing would be instant. Is there a way to force a sync on this wallet?
Also, does the Electrum wallet export transactions?
Update 3: I checked the network and it seems to be on the correct block, but it doesn't seem to be catching all the minting transactions, at least not the recent ones. I'm looking for a way to keep track of my balance and obtain good records that I can export, but that doesn't seem to be happening with the Electrum wallet.
This is from a electrum wallet. Try this for the importing of a private key. Click File > New/Restore Name your wallet Enter this private key L1bFdKHgpxoHSSNniYf8pjZfUA43TzFLGk7vLBgQdJcBibzhRvUL Click Next. That is one I just created and put 10 DNotes in. Let me know if that works for you. Syncing of the blockchain is instant, unless the electrum server was behind. It is up to date right now. I would also check your wallet against the block explorer, to ensure it matches as well: https://chainz.cryptoid.info/note/So I checked with one my wallet addresses and see it's not picking up, at least some of the transactions in watch only mode. The electrum server is either missing some information (need to rebuild database) or isn't reading certain transactions. We will have to look at it further to see why. Edit: I'll have to get back to you on transferring private keys from a different wallet. So I did what you said and imported the private key you posted into a new wallet and that worked just fine. I notice it starts with an L. I don't have my private keys right in front of me at the moment, but I'm pretty sure they all start with V. Maybe Electrum doesn't like that. So, it may be that I need a way to "convert" private keys that start with V into private keys that start with L? The wallet is definitely not up to date on all the transactions, so I guess that's something for you guys to look into. In the mean time, does Electrum have an export transactions feature? That would be the most useful feature of a read only wallet. I thought I needed to "rebuild" my qt wallet in the sense that I needed to start with a brand new wallet and import the private keys. I started doing that and the process was so slow that I thought something else was wrong. So I downloaded the entire blockchain from the beginning and that sped things up. But then while importing private keys I noticed that the time stamp on transactions was not correct, and that would definitely wreak havoc on trying to record my transactions. So, I wondered if maybe the blockchain had gotten corrupted, meaning the original wallet.dat file might be fine after all. So I loaded up that wallet and then checked each balance against the block chain and it all checked out. But it was in between noticing the new wallet didn't have the correct timestamps and figuring out that my old wallet.dat was just fine after all, that I thought of Electrum and gave it a whirl, hoping it would both accurately record transactions and be able to export them. But I ran into issues with importing private keys and now the server not being up to date on read only transactions. So at the moment I'm back to using my qt wallet as a "read only" as in I haven't unlocked it, just using it to watch... But I do have Electrum installed so am happy to help test anything you need with it  The electrum wallet and qt wallet absolutely use different formats for generating the private key. Though I'm fairly certain you should be able to import or sweep into electrum from the QT wallet. Not something I tested originally, so it will require a bit of a deeper dive. If you were importing a private key into a fully updated QT wallet, it was likely slow as it has to scan through the entire blockchain, block by block, to find all of the transactions. Similar to the way it does when it downloads the blockchain from scratch. The blockchain is only about 80 megs of data right now, but it takes several hours to download because it has to read all the information as it downloads to determine what belongs to your wallet. Electrum does have export options, under the wallet menu, you can export History. Other options you can use: Export CSV or watch from the explorer: https://chainz.cryptoid.info/note/ upon address lookup. https://abe.dnotescoin.com/qWe also recently added a few API calls for Abe explorer including transaction history. Which we will be using for a different project. https://abe.dnotescoin.com/chain/DNotes/q/address_history/YOURADDRESS |
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New YouTube Video -- Using DNotes Pay For Pay-Per-Period Services Demonstrating the use case of DNotes pay for pay-per-period subscription-based services. We show how software can be purchased on a casual, per-use, or ongoing basis charged at small fractional levels. We will be following up with another video that shows how our trading bot can be used. Check it out here: https://www.youtube.com/watch?v=9myDnwR7SF0&t= Great job on the video Tim! DNotes Pay, Pay-Per-Period is a unique way for software developers to sell their software. Even if you are not a software developer I recommend watching the video demonstration. Pay-Per-Period, especially when dealing with smaller transactions, doesn't make sense when using traditional payment processing methods. This model opens up new opportunities for developers that will make their software more competitive in the marketplace. Some of the benefits include: Makes it possible to accept many small payments instead of paying a fee on every transaction and losing most of your profit to the payment processing companies. Makes it possible to accept payments directly from the software without the need for a server side payment processing. Payments are made directly from one party to another without the need for a middle man. Makes it possible for customers to use software on their terms. Makes it possible for the customer to test the software before paying full price. & more I'm sure many of you can relate to this scenario if you ever needed software for a one time use, or software that you might only use once in a while, and couldn't justify the price or justify locking yourself into some subscription agreement. So you either try to find some alternative, open source or free, or you just skip what it is you are working on. But imagine instead, you could just purchase access to that software for just 1 day for a very small fee? Would you be much more likely to purchase and use that software? This is something a software developer can use and significantly benefit from today. Although there is still a fee if you want to exchange your DNotes into cash, but it can be a single fee for hundreds or thousands of transactions instead of paying hundreds or thousands of individual fees. The source code for integration, in C# is available here: https://github.com/DNotesCoin/dnotespay-sw-pocAs you may have noticed in the video, we also have a trading bot for Stocks.exchange that we are going to release as the first program to work with DNotes Pay Pay-Per-Period. They are working on their trading API live for the next 30 days, so we won't be able to release it until the API is stable. |
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I am trying to create a new Electrum wallet using a list of private keys. I'm entering one key per line, and once I get all the keys in, the NEXT button stays grayed out. Is there a special way to separate DNotes private keys in Electrum so that the software will recognize the keys?
Update: I experimented a bit and I can see that as soon as I input a regular DNotes address (to make a read only wallet), that NEXT button immediately lights up so it's available to click on. But even when I enter only one private key and make sure there are no extraneous spaces, the NEXT button stays grayed out.
What am I missing?
Update 2: I went ahead and created a read only wallet by using all my addresses and that seems to work except that the wallet is stuck at a day behind, or seems to be. It's showing no transactions from today, even though there have been quite a few minting instances. I thought that since it doesn't have to download the block chain, syncing would be instant. Is there a way to force a sync on this wallet?
Also, does the Electrum wallet export transactions?
Update 3: I checked the network and it seems to be on the correct block, but it doesn't seem to be catching all the minting transactions, at least not the recent ones. I'm looking for a way to keep track of my balance and obtain good records that I can export, but that doesn't seem to be happening with the Electrum wallet.
This is from a electrum wallet. Try this for the importing of a private key. Click File > New/Restore Name your wallet Enter this private key L1bFdKHgpxoHSSNniYf8pjZfUA43TzFLGk7vLBgQdJcBibzhRvUL Click Next. That is one I just created and put 10 DNotes in. Let me know if that works for you. Syncing of the blockchain is instant, unless the electrum server was behind. It is up to date right now. I would also check your wallet against the block explorer, to ensure it matches as well: https://chainz.cryptoid.info/note/So I checked with one my wallet addresses and see it's not picking up, at least some of the transactions in watch only mode. The electrum server is either missing some information (need to rebuild database) or isn't reading certain transactions. We will have to look at it further to see why. Edit: I'll have to get back to you on transferring private keys from a different wallet. |
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Blockchain Disrupting the Banking & Financial Services Industry |
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DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://dashboard.listex.io/trading/notebtchttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcWe are actively working with and in active communication: https://www.coinexchange.ioBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ |
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Inflation & Hidden Tax - The Game of Musical Chairs This is from the recent interview, we are splitting it up into chunks and will be promoting them. Your "chart" pic should end by going way up with Alan at the top!  Hah! I've been tempted to do things like that. |
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Inflation & Hidden Tax - The Game of Musical Chairs This is from the recent interview, we are splitting it up into chunks and will be promoting them. |
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Great Interview Alan!
So I was looking at the dnotescoin.com, I dont see anything about the payment network. I think it may be a little easier for people to find that information to get started or at least understand it enough to feel like contacting you for more info.
just a thought,
Daniel
I think their waiting for more data from the field on performance and such. Won't be long now I'm sure... oh gotcha I figured there must be a reason, that makes since tho Appreciate the suggestion mrbum805 always glad to hear from you. It is on our radar, but there are a few challenges yet and things we need to decide on, aside from what RJF mentioned. For now they will remain as announcements in our blog/websites/social and github as script resources for those that would like to integrate them where they see fit. This is more like the alpha release of the scripts. We will likely have a section on our homepage dedicated to DNotes Pay once we have a couple more options and move it out of alpha. I could throw something up, but I think the blog and our announcements serve that purpose well enough for now. First, what is the minimum necessary scripts that we need so that the majority of people can integrate DNotes Pay into their websites. As of right now, we have scripts that are unique and serve specific purposes, some of which meet needs that no other payment solution can. Such as automatic digital delivery of digital products, and software pay per period. They can be used in many other ways as well, but not the ideal solutions for many applications. To really meet the needs of majority we need a custom cart integration script, maybe our own full cart script, and integrations into the most popular shopping carts. Second we need to figure out how to direct people to the proper scripts that fit their need. A decision tree or categorized sections may be the best options, but we haven't fully decided yet. The decision tree grouped by product offering might look like this: Software / Digital products / Information / Services / Physical products. If they select software - Is it one time purchase or would you like to use pay per period. If it's one time purchase, do they have a website to accept the payment or would they like to integrate it into their software. If it's pay per period, you can direct them to the appropriate pay per period script for their supported language. Each of the categories will have multiple options. At any rate, we haven't focused much energy on creating the section as we know it's not quite ready to be created yet. It is beginning to take shape even as I attempt to explain it here. If I may, would it be possible to have an escrow feature built into the plugin? I know some people are skeptical about buying products/services from unknown individuals. An escrow feature can eliminate some of that fear. Buyer will deposit NOTE coins into escrow account and payment will only be released by a vetted DNotes moderator (small fee charged by moderator for time) once the seller delivers on his/her promise. I would give anything for this feature I love that idea and I would love to have an escrow system that solves the escrow problem, the problem to solve there is dispute mitigation. That is quite a challenge for freelancers and employers. Employer puts up the escrowed funds based on an agreement of work or service delivered. The freelancers job is to meet the requirements and the employer can release the escrow whenever the work or service is completed to their satisfaction. If the work is not delivered or there is a dispute in the work or service delivered then we need a moderator or a group of moderators to determine if the criteria was actually met. In a dispute, someone always looses though. Who gets to be a moderator and how are they compensated for their time? How is the dispute process structured to minimize losses on both sides? |
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Great Interview Alan!
So I was looking at the dnotescoin.com, I dont see anything about the payment network. I think it may be a little easier for people to find that information to get started or at least understand it enough to feel like contacting you for more info.
just a thought,
Daniel
I think their waiting for more data from the field on performance and such. Won't be long now I'm sure... oh gotcha I figured there must be a reason, that makes since tho Appreciate the suggestion mrbum805 always glad to hear from you. It is on our radar, but there are a few challenges yet and things we need to decide on, aside from what RJF mentioned. For now they will remain as announcements in our blog/websites/social and github as script resources for those that would like to integrate them where they see fit. This is more like the alpha release of the scripts. We will likely have a section on our homepage dedicated to DNotes Pay once we have a couple more options and move it out of alpha. I could throw something up, but I think the blog and our announcements serve that purpose well enough for now. First, what is the minimum necessary scripts that we need so that the majority of people can integrate DNotes Pay into their websites. As of right now, we have scripts that are unique and serve specific purposes, some of which meet needs that no other payment solution can. Such as automatic digital delivery of digital products, and software pay per period. They can be used in many other ways as well, but not the ideal solutions for many applications. To really meet the needs of majority we need a custom cart integration script, maybe our own full cart script, and integrations into the most popular shopping carts. Second we need to figure out how to direct people to the proper scripts that fit their need. A decision tree or categorized sections may be the best options, but we haven't fully decided yet. The decision tree grouped by product offering might look like this: Software / Digital products / Information / Services / Physical products. If they select software - Is it one time purchase or would you like to use pay per period. If it's one time purchase, do they have a website to accept the payment or would they like to integrate it into their software. If it's pay per period, you can direct them to the appropriate pay per period script for their supported language. Each of the categories will have multiple options. At any rate, we haven't focused much energy on creating the section as we know it's not quite ready to be created yet. It is beginning to take shape even as I attempt to explain it here. |
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Interview with Alan Yong on The Innovation Show This is an excellent interview, one of the best, and well worth a listen to. Aidan Mccullen did a fantastic job interviewing Alan. Author of “The Four Pillars of Business Success” and DNotes Co-Founder Alan Yong Offers Insights on how to create a Digital Currency by sharing the DNotes' Vision and Strategy. We discuss everything you need to know about the formation of digital currency from the financial crisis to the rapid rise of Bitcoin. Alan shares the need for trust in a new industry riddled with bad actors and Ponzi schemes. This is a must listen for novice and expert wanting to learn more about cryptocurrencies, digital currencies, bitcoin and initial coin offerings (ICOs). https://soundcloud.com/theinnovationshow/ep-112-creating-a-digital |
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New YouTube Video -- Using DNotes Pay For Pay-Per-Period Services Demonstrating the use case of DNotes pay for pay-per-period subscription-based services. We show how software can be purchased on a casual, per-use, or ongoing basis charged at small fractional levels. We will be following up with another video that shows how our trading bot can be used. Check it out here: https://www.youtube.com/watch?v=9myDnwR7SF0&t= Great job on the video Tim! DNotes Pay, Pay-Per-Period is a unique way for software developers to sell their software. Even if you are not a software developer I recommend watching the video demonstration. Pay-Per-Period, especially when dealing with smaller transactions, doesn't make sense when using traditional payment processing methods. This model opens up new opportunities for developers that will make their software more competitive in the marketplace. Some of the benefits include: Makes it possible to accept many small payments instead of paying a fee on every transaction and losing most of your profit to the payment processing companies. Makes it possible to accept payments directly from the software without the need for a server side payment processing. Payments are made directly from one party to another without the need for a middle man. Makes it possible for customers to use software on their terms. Makes it possible for the customer to test the software before paying full price. & more I'm sure many of you can relate to this scenario if you ever needed software for a one time use, or software that you might only use once in a while, and couldn't justify the price or justify locking yourself into some subscription agreement. So you either try to find some alternative, open source or free, or you just skip what it is you are working on. But imagine instead, you could just purchase access to that software for just 1 day for a very small fee? Would you be much more likely to purchase and use that software? This is something a software developer can use and significantly benefit from today. Although there is still a fee if you want to exchange your DNotes into cash, but it can be a single fee for hundreds or thousands of transactions instead of paying hundreds or thousands of individual fees. The source code for integration, in C# is available here: https://github.com/DNotesCoin/dnotespay-sw-poc |
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Great work on the Word Press Plugin. We are excepting DNotes for payments, and offering discounts for those paying by Notes. Our page https://bitcoinmarketshare.com/advertising/ has the new plugin in place and we have received positive feedback already. As we grow so grows DNotes! Thanks I checked out the DNotes pay button on your website and it looks really great. I don't need advertising right now, but I assume once the address received the DNotes, then the next step in the process would take place? Once paid, it links the user to a page with the next steps and instructions. Ideally a better solution for him would be cart like environment, where it tracks orders right in wordpress, and the user can enter specific information related to their order. In the cart version of the script, the user would not have to wait for payment to process either, as it is not an instant delivery product, it would use a cron to mark the order complete once the payment was confirmed and the admin would be notified and take appropriate action. That will be coming as well, but may take a bit longer. Thanks for explaining it to me. I find the development process (or really the plain English summary of the development process) interesting. The software design, or planning and problem solving parts, are certainly engaging and fun. You've had some very critical and important questions, like on CRISP, and glad you did. It gave us the opportunity to elaborate on more of the intricate details. So I'm happy to explain further or answer questions, keep em coming. |
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Great work on the Word Press Plugin. We are excepting DNotes for payments, and offering discounts for those paying by Notes. Our page https://bitcoinmarketshare.com/advertising/ has the new plugin in place and we have received positive feedback already. As we grow so grows DNotes! Thanks I checked out the DNotes pay button on your website and it looks really great. I don't need advertising right now, but I assume once the address received the DNotes, then the next step in the process would take place? Once paid, it links the user to a page with the next steps and instructions. Ideally a better solution for him would be cart like environment, where it tracks orders right in wordpress, and the user can enter specific information related to their order. In the cart version of the script, the user would not have to wait for payment to process either, as it is not an instant delivery product, it would use a cron to mark the order complete once the payment was confirmed and the admin would be notified and take appropriate action. That will be coming as well, but may take a bit longer. |
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