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Can i ask some basics concerning this blockchain? Such as what would be the estimated block size, difficulty to mine a block? If using POA algo, how does the time delay, target adjust frequency will be configured to avoid double spending? I've already get it sorted out that the data structure typically use the JSON format for storage, and content can be asset(transactions), metadata and so on.
Hello Lantern_NPT 😎😎😎 We are currently aiming a 10 second ⌛ block confirmation rate, the blocksize of which we have yet to finalize but will be determined during alpha phase when implemented on test net. In terms of mining and validation difficulty, it will be kept at a low threshold since all the ⛏️⛏️miners⛏️⛏️ in POA are pre-selected and trusted nodes. Great ❓❓questions❓❓  |
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We are holding an exclusive event for our high net worth investors and are seeking to invite highly credentialed speakers to share their perspectives on the future of blockchain. Invitation to the event here*All expenses will be paid during the 3 days / 2 nights event on-board a cruise ship including any professional fees. Please direct message me with your professional resume for consideration. *the url format is a bit strange and unfamiliar as the invite is geared targeted audience for the event are Chinese Domestic Investors, translated to English |
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AAAAnnnnddd... its a wrap! 🏁🏁🏁 🌟🌟🌟 AMBERTIME ANGEL FUNDING ROUND SUCCESSFULLY COMPLETED🌟🌟🌟 More than 13,400 ETH raised!!! 🙌🙌🙌🙌 Nearly 90,000,000 AMTC sold!!!! 💰 BTC💰 BTC💰 BTC💰 Live Trading on 💱 exchanges 💱 starts on TODAY on the following ForkDelta.com and HTT.ONEMore to come - stay tuned!!! 👂👂👂 |
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Great idea and great project. I hope this project will be successful. Always keep up the great work!
Hey baby31115! 👋👋 Thank you for taking interest in our project Your support is very encouraging!!! 🙏🙏🙏 |
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the other information about the project, can be found on the website? As for example the amount of total project tokens, roadmap?
Hello Kirata! 👋👋 Thank you for taking interest in our project Indeed you can find more information from our website: https://www.ambertime.orgTo answer some of your queries... (1) Total token supply is set at 2 Billion AMTC tokens.For more details on token supply check out our token page: https://ambertime.org/tokens.php(2) This is our current roadmap 🚦 🚦 Q1 2018 🚦 🚦Initial announcement of plans Q1 2018 - Q2 2018 Launch of website and token sale Q2 2018 - Q4 2018 <--- ⚒️⚒️ We are here ⚒️⚒️Development in TestNet Q4 2018 - Q1 2019Deployment in ProdNet Q1 2019 - Q2 2019Wallet release 🏁🏁 Q2 2019 🏁🏁Service commencement and advanced features release For more details on road map check out our road map page and white paper: https://ambertime.org/index.php#roadmaphttps://ambertime.org/media/docs/whitepaper.pdfThank you for your support!!! 🙏🙏🙏 |
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I would like to know more about the team who are behind this because no profile links are available to get more details.
Greetings automatical111!  👋👋 Check out the team's full profile in our website https://ambertime.org/#teamWe've got a strong team with both diverse and specialized background, let us know what you think 💡💡💡 |
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sounds pretty neat. I'm ok with the security issues in respect of the POA algorithm. What about the data structure ? what would be the advantage of using blockchain technique vs using a database storage, i.e. a piece of record or notary ? If i'm one of the authorities to write data to the blockchain main network, when i need to send certain record to the user upon request, does the traditional data structure and DBMS still applicable or even more efficient in data sorting and accessing for the blockchain main network? I remember that all data is stored in the blockchain main network if i'm correct.
Hey Lantern_NPT! 🏮🏮 A defining characteristic of a blockchain is its decentralized nature and making use of the horizontal scaling principles as coping mechanisms for the increased need of resources to serve more users of the blockchain. Having said this, today the most dominant blockchain consensus convention referred to us Proof of Work (PoW), have somewhat of a contradictory constraint: each node in the network must process each and every transaction that passes through the network. This is an also a classical trait of the decentralized nature of blockchain which implies that each and every node on the system processes each activity and keeps up a duplicate of the whole state of the network. While a decentralized PoW consensus mechanism used by popular blockchain networks such as Bitcoin and Ethereum, offers some critical benefits, such as fault tolerance, a strong guarantee of security, political neutrality, and authenticity - it comes at the cost of scalability. The number of transactions the blockchain network can process will be unable to surpass that of a single node that is contributing to the network. In effect, the blockchain essentially becomes more inefficient as more nodes are added to its network which is supposed to increase the capability of the network overall but instead have the inverse effect because of the inter-node latency required to transmit and maintain a copy of the network’s current state in every node which logarithmic-ally increases in complexity with every additional node. To illustrate this further, we can make a comparison to a traditional database system to which the solution to scalability is to add more servers by scaling vertically or horizontally in order to manage handle more transactions. In the decentralized blockchain where every node needs to process and validate every transaction, it would require additional compute to every node for the network to get faster. Having no feasible way to coordinate or control over every publicly joined node which are owned by many numerous individuals of diverse interests and motivations in the network resulting in no direct mechanisms to scale vertically or horizontally. In other words, as the size of the blockchain network increases, the requirements for storage, bandwidth, and compute power required by fully participating nodes in the network increases. At some point, it becomes unwieldy enough that it’s only feasible for a few high powered nodes to process a block of transactions leading to the risk of centralization in the network. As a result, all public blockchain employing Proof of Work consensus protocols in such a decentralized manner make the compromise between transaction throughput and degree of centralization, choosing to sacrifice the speed of processing operation resulting in a degraded experience for users executing valid transactions in order to retain the benefits of a decentralized network. In order to scale, the blockchain protocol must work out a mechanism to control the number of participating nodes needed to validate each transaction, without losing the network’s trust that each transaction is valid. This is where Proof-of-Stake (PoS) was developed to address this issue which Proof-of-Authority (PoA) was inspired from and used by AmberTime as the basis for consensus mechanism. With regards to data structure, we envision to store only the raw data / meta data surrounding a certified transaction in the blockchain. As an example, information found in a training certificate like name, course name, date completed, etc. are recorded in the blockchain to validate a person's credentials and potentially allow dynamic generation of an image forming an e-certificate for printing purposes. Good questions - lets keep the discussion going!  |
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I’ve read your project and read the comments of the people who care ‘bout the project. I find that I have the same thought as many people that comment on your project. It’s very interesting.
Have a nice day for the project
Thank you melanie19283 🙏🙏🙏 We need more supporters like yourself to bring our vision of open 👐 and border less 🌎 education 🏫 👨🎓 👩🎓 into reality! |
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do you have an telegram group OP?
Hello ryjin1007 👋👋 In lieu of the news surrounding telegram, at the moment we have decided to defer setting up a telegram group 👁️🗨️ We are continuously 👂 listening 👂 to our community and we hope to get more feedback what it wants as a medium to have a secure, free and open discussion 💬 Let us know what you think! 📣 |
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, Thank you for the explanation. As far as i'm concerned, for ETH, the structure for its blockchain is embedded in a Merkel tree. By doing so, for each new block to be written into the chain, its hash value can be validated by POW algorithm in order for the chain to be consistent. I understand the definition of this POA, but i don't understand how such algorithm can be correlated with the hash value format where traditional blockchain were using, i.e. BTC and ETH. I guess for each of those chosen validator in POA algorithm, it will be entitled with a certain amount of mining power, otherwise, how could the blockchain be maintained? if no extra mining power is needed, then how could the validator maintain its writing status in the computing world (using some license or API), in perspective of cybersecurity? In PoW, miners👷⛏️ obtain rights to write on the chain by doing work. In PoA, miners👷⛏️ are pre-authorized 🛂 and given rights. The list of valid authorities in PoA are approved by the ambertime org. Special permission to "mine" are only given to these authorities. Since it is not open to all for mining, we keep the mining difficulty very low that can essentially be or almost zero. Each block hash value 🔗 is then included in the next block hash value 🔗 like in BTCitcoin PoW algorithm. In BTCitcoin, this chain of blocks ⛓️ makes it difficult to do a "double spend" as more confirmations are made. In our case, we will prevent authorities from mining blocks consecutively to prevent their ability to double spend. There will be a required number of blocks written by other authorities which acts to validate the transaction before the same authority can write again. Hope this explanation makes it clearer 💎💎💎 |
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What stage is the project currently? Hi BerryCoin!👋👋 We are currently on what we call our Angel Funding Round which ends April 29. See our website for more details - https://www.ambertime.orgFrom a road map standpoint: 🚦 🚦 Q1 2018 🚦 🚦Initial announcement of plans Q1 2018 - Q2 2018 Launch of website and token sale Q2 2018 - Q4 2018 <--- ⚒️⚒️ We are here ⚒️⚒️Development in TestNet Q4 2018 - Q1 2019Deployment in ProdNet Q1 2019 - Q2 2019Wallet release 🏁🏁 Q2 2019 🏁🏁Service commencement and advanced features release Our dev team 👷👷👷👷 is already hard at work ⛏️⛏️⛏️⛏️ to deliver the first alpha / demo release which we hope to bring to bear by Q3 and a solid beta by Q4 2018. Thank you for your support!!! |
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What does it mean by the POA mechanism? How could it be used to secure the application in education and travel business?
Thank you Lantern_NPT for your question 🙋🙋 AmberTime will be a Consortium Chain - one difference from the public chain is that the owners / operators of the nodes will not be anonymous. The ecosystem itself however will be open to the public to participate and access. PoA stands for " Proof-of-Authority" - a sort of word-play on the other mechanisms such as " Proof-of-Work" (PoW) and " Proof-of-Stake" (PoS). Proof-of-Authority is the consensus mechanism in which the nodes validating blocks are the ones explicitly allowed to do so. PoA is a modified form of PoS where instead of stake with the monetary value, a validator’s identity performs the role of stake in the form of reputation. In this context, identity means the correspondence between a validator’s personal identification on the platform with officially issued documentation for the same person, organization or institution, to ascertain that a validator is exactly who it represents to be. This is a way to preserve the staking concept, with scarcity and measurability of stake, while ensuring that all who place that stake value it similarly, regardless of other circumstances. Even if one steals a license and somehow becomes a validator pretending to be someone else, the fact that staking is public will expose a nefarious actor. A single actor with a hacked authority does not have the capacity to overwhelm the network and revert all transactions. Therefore, requiring validators to have an approver public license makes identity impossible to conceal, while a concerned party can easily cross-verify identity in publicly available open domain. With on-chain governance making it simple to oust a non-conforming validator, losing a validator’s role eligibility is public and published in the network. With their real names at stake, validators are unlikely to act nefariously to threaten their own social standing in the real world and virtual community of the blockchain network. In AmberTime's context, this means that there will be "Authority" nodes within the chain are preregistered and verified entities, and each of them is an organization with a proud reputation to protect, such as universities, government agencies, law firms, businesses, travel agencies etc. Each transaction in AmberTime would be signed by a randomly selected and voted upon by set of Authority nodes. Since the organization's reputation is at stake, the risk of a malicious signer is reduced to minimum, and in such an unlikely event, an erring signer would be voted out by the network automatically, and can only be reinstated manually by AmberTime after thorough investigation. Hope this helps! Added info: Known successful examples of PoA implementations are Kovan and Rinkeby, the two Ethereum testnets named after metro train stations, which were introduced as new blockchain based on Ethereum protocol with Proof of Authority consensus. Spam attack on the original Ropsten testnet was the reason to create a new public test network. Based on data gathered on both testnets, PoA Networks provides inexpensive consensus to secure the network. Users can run Ethereum programs on Kovan and Rinkeby and spend less money on transaction fees which also translates to the network's security will also be cheaper to maintain. |
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We have reached a milestone of 2,000,000+ AMTC purchase over the weekend!!! 🕺 🕺 🕺 🕺 🕺
Thank you for sending in your comments and suggestions via our contact us form!
Due to overwhelming response, its taking us some time to respond back in a timely manner - but rest assured we are reading each and every message, taking action as required. 🙏 🙏
Here are some of the upcoming improvements that are planned:
1. Whitepaper minor iteration.
2. More detailed guidance on optimal Gas (gwei) / Gas Price for successful transaction.
Let us know what you think!
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Who's your team? I want to see the dev team
Hey gonhunter! The technical development team consists of professionals with a track record of delivering complex IT systems offering various cutting-edge business solutions such as blockchain development, cybersecurity maturity, digital transformation, complete ERP systems, algorithm design and analytics. Collectively the team has been recognized and earned the following awards such as: - GRAND WINNER ASEAN’s Next Great Idea Cyberjaya, Malaysia (Dec 2016)
- FIRST RUNNER-UP Blockchain Virtual Govhack Dubai, UAE (Feb 2017)
- FINALIST ASEAN Rice Bowl Awards Manila, Philippines (Oct 2017)
- DIAMOND WINNER AnchorUp 2017 Tainan, Taiwan (Nov 2017)
- FIRST PRIZE STSP Innovation Festival Tainan, Taiwan (Nov 2017)
- MENTORSHIP Silicon Valley VCs from KPCB, Sherpa Capital, SV Angels and Uber
Take a look at the team profile hereHope you will support us in our mission of inclusive learning and disrupt the traditional education process |
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No doubt a very good project! I'm in all the way
Thank you for the compliments Edgar9 🙏🙏🙏 Encouraged to be in good company who share our common interest and be with us "all the way" 🛤️🌞 |
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Interesting project, blockchain has big implementation potential for certification at all levels and in areas other than education, no doubt. A decentralized data capture network and recording system for all life activities and forming an 'amber' that is unique like a fingerprint, and monetizing amber to ambercoin...sounds like business model with good potentials.
Thank you cxx Glad to know that the project resonates with you! We hope to gain more supporters from the community like yourself to make this a reality. |
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It's been 24 hours since the token purchase launched and we have sold over 600,000 AMTC tokens, thank you very much! We have also received feedback from our community during this period and made the following changes: 1. Updated whitepaper 2. Included reminders not to send Ethers to the AMTC Token Address, which is different from the AMTC Token Purchase Address 3. Included recommended Gas Price (gwei) and Gas to prevent failed purchase transaction errors using imToken wallet as example 4. Guide to check AMTC balance using imToken wallet as example 5. Improved responsiveness using mobile browser 6. Spelling and grammatical errors |
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