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1  Alternate cryptocurrencies / Altcoin Discussion / Re: [YAC] Proof-of-stake minting? on: October 28, 2018, 06:15:59 AM
I have no idea what Proof-of-stake is. But I've done some research and here's what I think it is:

Proof of Work is a classical mining (if we not mention real miners working under the earth surface etc.) where one earns his coins as many as more power his ASICs are. They do not need to make other investments besides of eqipment.

Proof of Stake "miners" do not need to have any ASICs but they do need to buy a power server or a computer and they have to stake some amount of those coins they are going to get in future, it is kind of pledge or deposit. Actually they get some percent by checking and validating blocks from those chains or part of chains they responsible for.

2  Local / Альтернативные криптовалюты / "Новый Мировой Порядок" - крипта от Telegram® on: October 23, 2018, 11:03:05 AM
Добрый вечер!

Это мой 3-ий пост на форуме и пожалуй я последний раз сообщаю о нумерации своих постов Smiley

Конечно же я как новичок и человек почти сразу вникший в систему "хорошей кармы" на форуме захотел её иметь. Но сегодня читал англо ветку и  там один парень давал советы по меритам - "если хочешь меритов забей и просто общайся на интересующие темы, соблюдая правила площадки".

Вообще это сложно. Но я думаю, что мне это будет гораздо легче, как только я переступлю порог в 10 меритов.

Подобрал на мой взгляд интересную тему, но решил сразу запостить на английком языке. Если кому интересно станет сообщайте я продолжу
тему. Так же приглашаю заслуженных членов и героев форума к созданию заданий имено по этой теме.

Вот ссылка на мой, имхо интересный пост - https://bitcointalk.org/index.php?topic=5054483.0  (кому нужен перевод пишите и готовьте меритики, шутка..)

Тема хайповая, поэтому решил топикстартить в этом разделе.

3  Alternate cryptocurrencies / Altcoin Discussion / How to Become a Validator of TON (Gram) and Another Ways to Get Profit There. on: October 21, 2018, 11:19:11 AM
Good Evening!

 
It is about new cryptocurrency from Telegram Open Network – Gram.

 
The mining won’t be mining it means that procesing is not going to be by computing complicated mathematical equations but by special nodes that called validators. Validators are real people, users of Telegram. Today it is known that their number will be up to 1000 people. They will be selected according to a specific algorithm or rules that have not yet been disclosed. And they will be elected every time for 1 month.

Someone already writes that the mining of the Gram will be similar to the mining of the Bitkoin. However, some even give recommendations which ASIC is better to use. But most likely it is not. In White Paper itself, there is no any information that would mention classic mining. This method is an integral and very important part of the entire design and the entire Bitcoin system, so if it were the same part for the future Gram, then most likely it would be mentioned.

Each of these 1000 users will have to meet certain requirements and have available equipment with appropriate characteristics. In order to start "mining" (it's called new mining) Gram, it is necessary to purchase several high-performance servers, their cost is not as high as if Bitcoin or another cryptocurrency based on Proof-of-Work were mined. But it is certain that an ordinary home computer will not be enough for this purpose. Also, each user will need to have a certain amount of coins for the deposit. It will be necessary for him to confirm the veracity of the newly created blocks, which will be reward or loot. Moreover, if the user makes an incorrect/invalid confirmation, then he will be punished - will lose part of his “validator deposit”.

TON Blockchain consists of two chains: masterchain and shardchain. In this topic I would not like to go into all the details - it will turn out too massive, less interesting with regards to topic itself.

 New blocks are created by special nodes, which are called “validators. In fact, they can become any node, subject to availability, to deposit a certain amount of money, which is not very small.

Rewarding will be distributed among all such nodes in proportion to their stakes.

 Summary: if you are planning to earn Grams by “mining”, you already need to make sure that you have enough money in your account to make a deposit on Masterchain. It is also necessary to acquire powerful computational capabilities, have enough disk space and have a high Internet bandwidth. Exact data (required technical characteristics) is not specified - I hope to be able to add them later.

But that is not all. There are several ways to earn money here.

  
Nominators.

 In the world of Blockchain working on the Proof-of-Work system, such as Bitcoin, the current Ethereum and others have a practice - when one node does not have enough of its computing power, it combines with others and then shares the “production” according to the agreed conditions. This place is called - the mining pool.

 In the Proof-of-Stake system there is also a similar concept - the nominator.

 Nominator is a person who can take part in the production sharing received by a validator. A nominator chooses a validator for himself, one or several ones and credits them or, more simply, lends them money for a stake. After that, as the validator receives his reward from the System, for his time, his powerful servers and a stable Internet connection, part of this award is sent to the Nominator.

 
Further. Fishermen receive a portion of the reward, identifying and pointing out the mistakes of others.

 Anyone can become such a “fisherman” by making a small deposit in Masterchain. Validators have "good opportunity" of losing part of his stake if he signs the wrong/invalid block. It is a system of punishment and at the same time stimulating the performance of all the work with higher quality. Fishermen also complement this system. If he manages to identify a similar error of the validator and, if other validators agree with the proof of incorrectness that was found by fisherman in one of the shardchain blocks, he receives a portion of the reward confiscated from the unsuccessful or not quite caring validator.

 Fishermen will still need to have good computational power available, although not like the actual validator. Although it is said that the best candidate for a fisherman’s position is a node already capable of processing new blocks, but was not chosen as such yet.

 
Further. Collators - receive money by offering new blocks to validators.

 That is, he selects a new block from the shardchain, considering it is suitable for building a chain and offers it to a validator. This frees the validator from necessity to load all data of a particular (e.g. neighboring) shardchain, that is, the collator takes on part of the work of selecting a block for candidates to build this “building”, thus gaining a portion of the reward received by the validator.

 An additional source of income for collators or validators will be the ability to accept micropayments from users for the possibility of including their transaction in the shardchain.

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As you can see I'll be glad to get some merits, people! Smiley
4  Local / Новички / Re: Раздача мерита нуждающимся/Есть задания l on: October 20, 2018, 08:59:43 AM
Появилась идея для задания:
Хотелось бы увидеть перевод темы, где победитель под новый год выиграет аппаратный кошелёк с большим сенсорным экраном. Думаю, грамотно составленная инструкция повысит шансы выигрыша русскоязычным пользователем.

Приветствую Форум и уважаемый xandry!

Это мой второй пост на форуме и сам я здесь всего несколько дней, поэтому не сочтите за "дремучку", но я вообще не понял, что это за задание). Дело в том, что я не знал, что существует "аппаратный кошелёк. Я конечно догадывался, но не понял, что речь о нём. Поэтому пришлось отредактировать ответ по предложению.

Пользуюсь случаем - вот ссылка на моё первое сообщение (правда оно на английском) может кто-то залайкает и/или попросить продолжить тему - https://bitcointalk.org/index.php?topic=5053368.0
5  Alternate cryptocurrencies / Altcoin Discussion / Telegram Open Network - GRAM New Coming Cryptocurrency on: October 19, 2018, 09:48:09 AM
Hello there!

This is my first post here on the Forum. I hope that it will be intersting or useful for somebody.

I have to start from something and I decided to make several notes about coming new cryptocurrency GRAM – from one of the most famous sensational (in some countries) Telegram messenger.

The first speciality which should be highlighted and very important one – a personal wallet will be connected to you telegram’s exsisting account, i.e. you won’t need to create one more new account on a third-party resource.

And since Telegram already has 200 000 000+ active users that means it will appear the same qauntity potential users of this innovative cryptocurrency.

Why this is innovative cryptocurrency? The first I can think – promised speed of transaction conducting which is based on new technology that will be able to be competetive with such world centralized paying systems like Visa/Master Card, wherein staying decentralized and good encrypted.

But over encryption it is not clear all. It is written that for full use they will have to pass ID verification ( passport demonstration ) But they write: “All private data (such as passport scans) will eventually be stored end-to-end encrypted with a key known only to the owners. Telegram’s distributed servers (and later the TON Blockchain) will have no access to this information, but will instead store a hash of the value to be able to confirm that the data was verified when the user obtained their secure ID. Third parties will be able to add further verifications to these virtual passports”.

Now something about techology itself. What makes this speed?

TON Blockchain consists of the main chain and up to 292 accompanying blockchains. Such a design allows making millions operations per second. New blocks will be creating very fast that eliminate queues. We will be able to exchange money instantly.

GRAM will not nave mining. Unlike miners processing nodes will be providing transactions (validators).

A bit about the validator system. I am not sure that GRAM will be using the same system, but I think that it will be similar.

The key role on creating consensus algoritm for token transfering will play the validators – network members who maintain its work efficiency, participate in voting and form new blocks in the blockchain. They will being awarded for new block creation. Unlike of PoW mining, where the right to create new block depends on computing power of the node, validators choose new block which will be added into the blockchane during multi-stage voting. The right to add a block gained by validator will belong to one whose block has been voted for by certain number of other validators.
 
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How to become the validator I will try to tell in my next post.
6  Other / Meta / Re: Stake your Bitcoin address here on: October 13, 2018, 10:06:56 AM
Here is mine BTC: 1CAXXgedeC6ynKSo5cdttKuGyuEhxiFXRv
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