Public peer review is coming soon. In the meantime, a simulation of the consensus algorithm is published, which demonstrates nodes agreeing on the the same set of transactions for a block and ordering of the blocks in the presence of Byzantine actors.

Please see Slide 9 in this presentation. The consensus process essentially involves "agreeing" to assemble a set of transactions into the "next" empty block. The details are in the slide.

Please see Slide 9 in this presentation. The transactions are *not* prioritized based on the transaction fee, but are processed as they arrive.

A DDoS attack can be launched with a large number of legitimate requests or simply sending garbage to overwhelm the server capacity. In 2018, a 1.3Tbps DDoS attack was launched on GitHub for a duration of about 15-20 minutes. The motive of attackers in cases like this is to simply overwhelm the servers and more often than not, they don't care about sending *legitimate* requests. From the architecture perspective, you need to be prepared for the worse. So, we concluded that while transaction fees may *theoretically* combat spam, a determined attacker may not even care about sending real transactions to the network. So, a better defense mechanism must be built anyways, so why even pretend that transaction fees eliminate spam? In addition, micro transactions are possible on the Storecoin network, so it is possible that the network experiences an influx of large number of requests from time to time. We call this legal spam because the *traffic pattern* is that of spam, but the transactions are all legal. We have captured our research on DDoS and spam protection here.

- Storecoindev. 

Datacoins are app specific, more like ERC20 tokens on Ethereum network. The difference is that datacoins are "backed" by schema-verified data created by respective apps. So, if the data is valuable, so would be datacoins. This gives freedom to app developers to price their data in units of their app's datacoins. Now, it is possible that a category of data (say, "weather data") is available from multiple apps hosted on Storecoin and it may be impractical for a buyer to pay in individual app datacoins to access data from different apps. Such cross-app data purchases can be paid with $STORE. All datacoins are denominated in $STORE, which makes this possible. Datacoins are emitted based on the amount of data created in the tokenized apps and no two apps will create data at the same rate or volume. This separation, where data is priced in app's own datacoins instead of tying its price to base currency, allows accurate representation of the "value" of the data.

This is correct. While 1MB of data = 1datacoin, the *price* of datacoin varies from one app to another. In addition, if an app exposes different *classes* of data (similar to say, https://www.experian.com/assets/data-university/brochures/ems-list-services-catalog.pdf) and the buyer wants a *specific* class of data, the price may be different than 1 datacoin for every MB of data. Apps determine how their data is valued and set the price accordingly. 1MB = 1 datacoin holds true if you buy firehose of data from a given app.

- Storecoindev.

There is no *cost* to end users to store their data like in decentralized storage services. If the data created by the users of the "tokenized apps" on Storecoin have value -- meaning, they back apps' datacoins -- then developers, app users, and Storecoin miners will all share the revenue resulting from data trading. While user data is traded, note that any sensitive information will go through context-sensitive anonymization scheme to protect data privacy. The user experience for end users will be similar to using traditional web or mobile applications in that they are *not* responsible for finding storage for their data.

- Storecoindev.

See pages 16-18 for details in our Litepaper.

- Storecoindev.

Data explosion is indeed a real problem and with that comes privacy and data security problems. We live in an ad-supported economy where majority of services are offered free of charge in exchange for allowing harnessing users’ data. This means, users pay for the services they use with their privacy. Many data projects promise user privacy, but they skirt the fact that a) privacy is a spectrum -- some tolerate it better than others, if they perceive the services they are using as beneficial and b) ad-supported and data-trading/sharing economy is here to stay. So, we attempt to address this head on with our privacy and de-identification module for the Storecoin Platform. We will certainly learn more as we make progress, but we believe that this problem (privacy and security) must be dealt head on.

- Storecoindev

Not sure if you have seen our Litepaper, which discusses the problem domain and our solution in great detail. It contains a few references to our research for further reading. Hope, that helps.

- Storecoindev.

KYV will be a complex process (not from the voter's perspective, but the implementation), but we believe that it is necessary to remove any dependence on a centralized entity to make decisions. See this paper for verifying identity as a social intersection. "Decentralization" means different things to different people and the meaning changes from one context to another. The question is, how can you start the process of decentralization without a (even semi-) centralized decision making process? We believe KYV is one such answer.

- Storecoindev.

Storecoin website

- Storecoindev

This is not about stability. Tokens backed by USD or a basket of global currencies have their own use cases. If data is the new oil we believe that it can be tokenized. Think of every piece of *valuable* data having its own private key. If data is indeed valuable, the resulting datacoins will be valuable too. This is in contrast to ERC20 tokens, which are not backed by anything (except for the future deliverables by the team) and hence they are mostly speculative. Our Litepaper describes these concepts in detail.

- Storecoindev

We published the details about the Storecoin Platform — the whys, whats and hows — in our Litepaper. It's a bit longer to read in one sitting, but the first 5 pages should give you a quick overview of our approach to decentralized cloud.

Specifically:

Data privacy and security is critical to Storecoin's existence. The question we attempt to answer is — can we ensure data privacy and security even when sensitive information is traded? See the "Privacy and de-identification protocol" in the paper and the protocol details for how we address this problem.

- StorecoinDev.

We published the details about the Storecoin Platform — the whys, whats and hows — in our Litepaper. It's a bit longer to read in one sitting, but the first 5 pages should give you a quick overview of our approach to decentralized cloud.

All the user data (created by tokenized apps) is stored encrypted on Storecoin storage nodes called, Messagenodes. See the "Privacy and de-identification protocol" in the paper for more details.

- StorecoinDev.

Storecoin, with early backing from Ari Paul of BlockTower and more, is launching its long-awaited Milestone Token Sale (MTO)

Storecoin — a zero-fee payments and p2p cloud computing platform with early backing from Ari Paul of BlockTower, Full Tilt Capital, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural Capital, and more — is launching its long-awaited Milestone Token Offering. This global Regulation D and Regulation S securities offering aims to bring over 500 new wallets and up to $4.97 Million of Treasury into the project.

Register at: https://sale.storecoin.com/.


Storecoin, a zero-fee payments and p2p cloud computing platform, is pleased to announce its next Milestone Token Offering (MTO). This MTO is built on over a year of execution of key project milestones by the Storecoin team. View the official Private Placement Memorandum for this MTO at https://storecoin.com/ppm.

As Storecoin continues to execute on its vision, it anticipates offering 1-3 additional MTOs before mainnet launch.

Since inception, Storecoin has taken a strong anti-ICO stance and instead has committed to growing Treasury on the basis of achieving key project milestones — thus its Milestone Token Offerings. These regulatory compliant MTOs focus Storecoin on transparent project execution while building long-term trust with its growing global community.


Storecoin will sell up to $4.97 Million in STORE during this Security Token Offering. The Regulation D and Regulation S offering aims to bring 500 new wallets to the project, with the purchase minimum at $2,500 and maximum at $1.79 Million. This milestone sale ends once one of the following occurs: the $4.97 Million maximum cap is reached or by August 30, 2019. United States purchasers must qualify as accredited investors. Sales to purchasers who are not U.S. Persons will be made only in accordance with applicable laws.

The sale will be offered as a sequence of three phased pricing rounds. Each sale phase will be offered on a first-registered and first-funded basis. Once a phase is fully registered and funded, the next phase will open up and be offered to the next registered buyer.


For more information on Storecoin's Milestone Token Offering, visit https://news.storecoin.com/news/announcing-the-next-storecoin-milestone-token-offering-mto

There are two aspects to the security system — a) security in the consensus layer, b) economic security. Most projects talk about the former and not much about the latter. We believe that economic security is equally important because if there are economic incentives to cheat, people will cheat. We have captured our research around security on our site on BlockfinBFT, Storecoin's BFT consensus algorithm. Specifically, you may be interested in the following.

1. Storecoin compares practical security implications of Algorand's BFT consensus algorithm with BlockfinBFT — https://news.storecoin.com/news/storecoin-compares-practical-security-implications-if-algorand-bft-consensus-algorithm-with-blockfin
2. Trustlessness and security in Storecoin — https://docs.google.com/presentation/d/1ak8JTLbuha6kngAW4pNeFVKSVAqDF0zauApiSkHYc6g/edit#slide=id.g4959126e67_0_0

- StorecoinDev

Miners (we call them dWorkers for "decentralized workers") on Storecoin are paid with a low annual inflation of $STORE tokens in the form of block rewards for securing the payment transactions. This removes the need for a transaction fee as a form of compensation to dWorkers.

Storecoin, with early backing from Ari Paul of BlockTower and more, is launching its long-awaited Milestone Token Sale (MTO)

Storecoin — a zero-fee payments and p2p cloud computing platform with early backing from Ari Paul of BlockTower, Full Tilt Capital, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural Capital, and more — is launching its long-awaited Milestone Token Offering. This global Regulation D and Regulation S securities offering aims to bring over 500 new wallets and up to $4.97 Million of Treasury into the project.

Register at https://sale.storecoin.com/.
Please visit Milestone Token Sale announcement for more details.

See Storecoin Cloud for some of our researches in the areas of data privacy and security when data is traded or shared. We believe that just government regulations such as the EU's GDPR are not sufficient to safeguard data privacy. We need an infrastructure where sensitive information is identified in the context of the app data and then encrypted at rest and anonymized when accessed. If we can do that successfully, valuable data can be represented by datacoins and traded without the fear of invasion of privacy or data leaks.

- Storecoin Team.