Show Posts
|
Pages: [1] 2 3 4 »
|
3
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future.
|
on: December 23, 2020, 02:11:36 PM
|
It's been a while since we've provided updates here! We've actually done four new monthly podcasts! One of these was our 24th episode, and the latest one serves as a summary of what our project is, what it's done, and where it's going. https://youtu.be/_OzBg6Yy7AMhttps://youtu.be/JLl_rUqPHzkhttps://youtu.be/hQio22cZUNohttps://youtu.be/-K_FHbG3YbEWe also hosted a testnet, gathering several participants who were immensely helpful. The net proved to be stable, with a couple of node errors which have since been resolved. We are dedicated to thoroughly testing Meros before we deploy it, and plan on having a new testnet soon. While all of our existing testnets have required users to compile their own node, a basic check that users are willing to spend a few minutes working through problems, future networks will have binaries provided. The next testnet's status of requiring compilation/binaries provided is still being determined though. To reply to the comments below, we very much disagree that "it's BTC or nothing lately". Other cryptocurrencies can exist along with Bitcoin to provide different functionality. Ethereum, among others, offers computing like never seen before. Monero offers privacy. The recent upwards trends of cryptocurrency markets, which don't just apply to Bitcoin, haven't changed our minds, at all. Mining will be CPU only via RandomX. We are dedicated to decentralization and CPU mining is the fairest system in front of us. IO bound mining was never developed enough, and storage based mining isn't something people are generally willing to participate in with their spare time due to the size and lasting nature of the files. That said, it should be noted we have a unique mining system in order to offer instant and feeless transactions. It's called Merit Caching, and it's the reason Meros is special. Miners mine a non-transferable token called Merit, and this is used to vote on transactions. It's voting that confirms transactions, and voting is what earns Meros. This enables the security and decentralization of Proof of Work to be applied as quickly as PoS/DPoS thanks to being able to utilize it with just a signature. If you'd like to learn more, we're happy to answer questions. While I'll personally do my best to be more responsive here, I do encourage joining our Discord via https://discord.com/invite/nZmdWGA. Thank you!
|
|
|
4
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future.
|
on: September 06, 2020, 09:24:09 PM
|
Meros has no premine, ICO, IEO, token sale, or pre-determined distribution. It will be mined with RandomX, where miners participate in our own Merit Caching Consensus Mechanism, which we wrote a paper on, published near the start of our project. This will be possible as soon as Meros launches, and we plan for the mainnet to be ready by the end of the year.
|
|
|
5
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future.
|
on: September 04, 2020, 06:40:27 PM
|
We recently announced that we performed our first atomic swap. This was done via a new swap protocol, developed by h4sh3d, for Monero. That said, we had only performed a swap with Meros. Today, we are happy to announce our atomic swap tool successfully supports Monero and Nano! This is the first implementation of the new protocol, opening previously closed doors for quality cryptocurrencies. As our work is fully open sourced on GitHub, using the MIT license, we are excited to see how this proliferates throughout the wider space. We wrote a series of blog posts for this news, and linked the initial one here. The full series is as follows: https://medium.com/@MerosCrypto/atomic-swaps-building-the-basis-of-cross-chain-interop-for-meros-monero-and-nano-5813b77e6a91https://medium.com/@MerosCrypto/atomic-swaps-enabling-nano-via-asmr-98ecde842110https://medium.com/@MerosCrypto/implementing-monero-atomic-swaps-in-asmr-715e4bdb752If you want to check out our codebase, we'd love further contributions. It's viewable at https://github.com/MerosCrypto/asmr.
|
|
|
7
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future.
|
on: August 15, 2020, 12:40:22 AM
|
The reason this is a pre-announcement is because we have yet to launch our mainnet. Because of that, the major accomplishments aren't in merchants/shops using our coin, yet rather the tech stack we've built up overtime. Beyond our consensus algorithm enabling secure transaction verification in just a couple seconds, we've built a CPU-mined blockchain heavily resistant to 51% attacks via a checks and balances system based on PoS voting. We've built an adjustable yet firm spam filter, implemented tests in the node's native language, as well as tests in Python via a re-implementation of the protocol. We utilize both Ed25519 and BLS, taking the best aspects from both, and have a brand new decentralized funding system to enable long-term support and development.
|
|
|
9
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] Meros: An instant and feeless cryptocurrency for the future.
|
on: July 15, 2020, 09:08:39 AM
|
We recently launched a new episode of our monthly podcast! https://youtu.be/gqg0aeRILTUAnd yes, we completely concede Meros has taken a while to be developed. It's a fact we've always been transparent about, along with the reasons for why and our dedication to releasing something quality, instead of rushing something poor. That said, we do have progress to show. While we don't have a mainnet, we do have full protocol documentation, the large majority of the node implemented with a wide range of features, a secondary implementation of the protocol in Python to test the first, and several testnets. We also cover Meros's timeline every month in our podcasts, such as the one just linked. In case someone doesn't watch it, it should be noted development has picked back up and is moving quickly now. We're finishing a major feature before we do our next testnet, which should launch within the next week or so.
|
|
|
|