OOPS... actually the NEW instructions are on page 55.
Please refer to the post from CCRevolution on Page 55 Some technical questions about the Wallet before I dwelve into page 55. My XtraBYtes Wallet is stuck on Synchronizing for days now. It shows 2146 blocks remaining. I have QT version 5.8.0. installed. Is that the most update version? Is it normal that it is not synchronizing for such a long period? My computer is ON 24/7. And, probably related, my latest 575000xby deposit on 4may2017 is still not confirmed ( shown in gray on the wallet). Any suggestions? XBY is now the 169th currency in Market Cap rank, it's taking momentum, life is great, were all gonna get rich  )) Thanks, have a terrific day. If you click on my username (over to the left) you will see an option to send a direct message (PM). Click that and send me your email address. This is what we need to invite you to our private chat room where there are now 192 people connected and talking 24/7 about XtraBYtes. You are not using the latest version of the wallet. This is why CCEX got held up the other day - we did a big fix for STaTiC node compatability. So, if you go to page 1 on the forum and scroll down a bit, you will find the latest Windows wallet. Back up your wallet.dat file and install the new wallet in the same directory. (If you are unsure about all this, come in the Slack chat first). Once you get the new wallet you will sync quickly... I will await your PM |
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Hello CCRevolution, now that I have been able to recuperate my 1,001,896xby and ready to get into static, what is the next step? How do I start a Static?
Pls. read pg.no.41. OOPS... actually the NEW instructions are on page 55.
Please refer to the post from CCRevolution on Page 55Also, Fred, please join us in Slack... if you don't know what that is, send me a PM with you email address and I will send you a TEAM invite. You too Aarell... I don't see you in there yet? |
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I have 7 active connections but I'm stuck it's been 2100 blocks remaining for over an hour now,the coins I've withdraw from Yobit is not yet showing in my wallet,anyone here had the same like I had now.
It sounds like you are using the old wallet... Go download the windows wallet from the ANN page. The old one will not sync. |
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Or you could just change the OP ASAP?
So, Mr. or Mrs. armchair QB... Have you ever built a website or created an image from a photo editing program?? Do you have any idea how long it takes to do a proper job on a website?? Cause if you do, I am not sure I see you in our XtraBYtes design room... Perhaps you would like to join us and help?? Otherwise, you just keep making comments out here as though we are all sitting on our butts doing nothing because things are not up to snuff for you.  Guess what?? They are not up to snuff for anyone... none of us are happy about the OP. That contest has NOTHING to do with the OP. This is a community coin and the community is working on it. Your comments are always welcome, but enough with the OP stuff... Is that fair?? We have 3 designs ongoing and 1 abandoned for reasons that have nothing to do with XtraBYtes or the Community. Thanks and take a chill pill, please!  |
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Hello Everyone!! One of our valued XtraBYtes Community Corporation members tabled a suggestion last night:Quote: " We got to take the word DATABASE off the OP title. I would read that and think ok so it's some kind of collection of people's records or something. It's not sexy... the heading needs a more attractive wording, the last word is database so it looks like the project is basically a database." :EndQuote And, since the "decentralized shared storage" is not going to be the ONLY thing XtraBYtes offers in the future, I believe it would be very good for us to not categorize ourselves with a mundane word like "database". So, we are looking to come up with something more: appealing, accurately descriptive and of course, sexy... I decided to "temporarily" change the word to REVOLUTION because from a big picture perspective, we are going to revolutionize the crypto world, in many ways... But, what are your thoughts??XtraBYtes will offer many different services on our blockchain... anything that is: marketable, attractive, profitable and possible ( blockchain capable) will eventually be made available. Let's get creative folks!!
The WINNING word will result in winning half the prize pool and the other half will go to the Community Fund. Therefore, once the competition begins, we will collect all the names over the follow 24 hours and then from this we will choose (we being the XtraBYtes Discussion Board) the top 5 and you can decide the winning word with a final vote. SUPER SYSTEM & REVOLUTION are my 2 entries and they are obvious ones after much discussion, so we will pull these from the bidding before we start...  If I win... the entire prize pool goes to the Community Fund. But let's have a bit of FUN and see what else comes to mind. How do you enter?Borzalom will be creating another special address, similar to our FEES address. Except the Prize address will be accessible for distribution immediately after the final vote. Each word entered will cost 1000 XBY and this becomes part of the prize pool. When the contest closes, I will personally add an additional 30% and if anyone else would like to participate in this by adding a few more % you are more than welcome! Further instructions will be included when we officially start the contest after a short period of time...
So, put your thinking caps on!! |
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The Missing LINKMany of us are under the impression that PoSign is the big invention from Borzalom and XtraBYtes. Well, the story is actually much bigger than this... As revolutionary as our Proof of Signature consensus mechanism is, this is only PART of the technology. The other part is the VITALS network (Virtual Information Transmissions ALigning STATIC's). Without the VITALS discovery and application, the PoSign would not work... It would be like a car with no engine! But, which is the engine an which is the car? Well, just like that shiny Mercedes Benz... it's all 1 package and most of us will never understand how it all actually works together. So, we will just keep it real simple so that the average person can grasp what they are getting involved with when they become part of the XtraBYtes Community Corporation.
What is PoSign (Proof of Signature)?Proof of Signature is extremely resource friendly and achieves consensus through a network of trusted STaTiC nodes, rather than anonymous individual signature like other coins. With PoSign all STaTiC nodes sign the blocks and the end result of multiple signatures is the highest possible security. What is the VITALS network?The Virtual Information Transmissions ALigning STATIC's network is the UPPER layer of the XtraBYtes decentralized super system. This is something you cannot touch or see, the VITALS are not affected by bandwidth or resources. The XtraBYtes VITALS are a series of UNLIMITED and UNRESTRICTED canals where information is stored and transmitted by the the STaTiC node network. How does XBY revolutionize the world of crypto currencies?XBY is the latest innovation of blockchain technology, utilizing PoSign (Proof of Signature) consensus verification, along with a VITALS network which is driven by a series of STaTiC nodes and nonSTaTiC nodes. XBY is stronger, lighter, faster and more secure. And yes... this information will be on the OP
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37157 blocks is not synced up yet... http://xbyblockchain.borzalom.hu/Maybe let it sync first before trying to do a withdrawal... Good to see they put it back online though. |
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C-CEX updated the wallet
Thanks for the update. One question: If I have 1000200 XBY, how can I run two static nodes on same comp.? Thanks, Yosir Not at the moment. You would need another computer. I believe you will be able to run multiple nodes once they set up this first round of nodes at some point. STaTiC nodes are not running now... this is not a matter of needing another computer. Anyone can now register multiple STaTiC nodes if they are doing so. Once we are ready to turn on the STaTiC network, at that point you will need to set up parallels with a different configuration. We will get into that when the time comes. |
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There is no dissatisfaction
I feel that everything will work
Thank you Kamiyama for your wisdom and patience! |
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Final Update (for now)... The Website Issue...Again, we FULLY respect your requests and ( uncalled for demands...we get it, trust me ) to get a website OP up and running... Once again this enthusiasm and impatience is fully respected and understood and once again, there are things that you do not know. So, here is the skinny on this issue:The guy who was working on that site that everyone likes, has disappeared and it not responding to any of us... So, as of last night his deadline (as imposed by our Community Discussion Board) has passed and we have moved on. In the mean time and since when he first showed us what he could do, we have had many other talented designers offering their time and creativity to have something else available for the community to vote on and yes we will have a vote about what the official XtraBYtes pages will be. So, we will let you know that we are not going to be using that other design, as nice as it is because we do not have an agreement in place with him. That issue is now OFFICIALLY over and we will not bother contacting him again... it is his loss. You will be happy with what is being presented for the vote when that time comes and that will be ASAP!! Thank you all again and please continue to use the links on the posts we make if you wish to share info with someone... We will get there, don't worry... Slow and steady wins the race because this is a marathon, not a sprint. Over and OUT! |
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Another Update... There is a tremendous amount of impatience on the forum and we appreciate that and we appreciate your enthusiasm. However, we all need to understand something and also come to terms with respecting this decision because it is being made for the LONG TERM vision. We are not going to go on Bittrex or Polo until we get past the 50.000 block and get the PoSign up and running. We have more than enough programming to deal with right now and we do not need to get on Bittrex (the big game) or Polo (the bigger game) and not be FINISHED with what needs to be done. Do you all want to cause even more FUD because things are not properly tested and working the way they are supposed to work? Of course not... But we understand and respect your inability to see the big picture because we cannot and will not report every small detail 24/7. But, if we go on Bittrex (this will probably be first) this is going to open us up to the bigger market prematurely and this can end up with negative consequences. So, we are not doing it... Each and every one of you who are with us today are BLESSED to have found out about this coin so early on. We most CERTAINLY did not expect to go from 1 satoshi to a current ATH of 250 satoshis (that is 25,000 % growth) in less than 3 weeks. This is HUGE testament to the fact that the crypto world is STARVING for something new and exciting and I think we are it... So, why would we want to run ourselves into the ditch and break a wheel or have a roll over, when all we need to do is drive a bit slower?? We will kick it into high gear when the time is right... Don't y'all worry 'bout dat' Thank you for understanding!! Have a AMAZING day! |
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Hello Everyone! Wallet Update...After we started setting up STaTiC nodes, some of our fine members got the idea to try to break the node and get their coins back (as a test) and it was revealed that this was not possible. Once confirmed by both Borzalom and myself, he immediately went to work to discover and repair the issue. After about 5 or 6 hours a deep script issue was detected and fixed. At that point we were not seeing proper syncing with old clients (including the one he repaired) so the entire network needed to be updated. We announced to the exchanges to update the source and this is why the wallets are in maintenance mode now. This will not continue forever. For all of you, please update your wallet with the latest version found on the ANN page or from here: https://github.com/borzalom/XtraBYtes/releases/download/windows-STaTiCpre/xtrabytes-qt.exeWe also have the MAC wallet compiled by Bumbacoin, one of our Community Members: https://github.com/borzalom/XtraBYtes/releases/tag/osx-STaTiCpre
Anyone wanting to join our community that can help with Linux and Raspberry Pi wallets, please PM me with your email for a Slack invite. We know this is a newly expanding industry (crypto currency) and many new people are starting to take the plunge and we welcome you. So, just make sure you follow the basic security rules and one of those rules is to not leave all your coins on an exchange (any exchange) and if you have coins on an exchange, ABSOLUTELY USE 2FA and on top of this, you should ALSO apply 2FA to your email client and Facebook and whatever other system you use that you can set 2FA up on. What is 2FA?This is your last line of defense from hackers... It means 2 Factor Authentication and the process is quite simple. One of the best options is Google Authentication, which is an APP you download to your smart phone and after entering your password to access the exchange, you must enter a 6 digit number. This 6 digit number automatically changes every 30 seconds, 24/7 whether you are looking at the APP or not... Therefore, anyone trying to access your account has to know your password and has to have your phone... The moral of the story is: don't give your password to the person who stole your phone and you should be safe. As for the wallet maintenance... be patient. We will be rolling again soon!! Thanks and have a great day!! |
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Don't worry wallet maintance is common usually resolves after 1-2 days or less. Has happened to me many times Thanks, you made half of my day The other half, hopefully, will happen when I get access to my XBY. What exactly is "Maintenance" ? As Trumpman says, this is common. In fact there are several coins in Maintenance at the moment. They are probably updating for us but I have contacted the Top Support and will await a response. |
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I read the complete story of how the new XBY came about, https://bitcointalk.org/index.php?topic=1793468.0;allThat's one adventure. Kudos to CCRevolution and Borzalom and all the others who are involved in reviving XtraBYtes! I cannot refrain myself thinking - If such people are ready to go all the way through this trouble trying to revive a gone-bad crypto currency, then they must be serious and honest. Any scammer would certainly not go to that length and trouble just to continue an unfortunate scam. Like one member mentioned: "why not starting a brand new currency instead of trying to revive one that went haywire?" My guess is it's because these people did not drop the towel after being scammed they decided to do something about it and that is remarkable. Thanks you CCRevolution and Borzalom. I was inspired when I read the whole thing and I decided to invest in XBY. Bad decision. Guys I am sorry to say this but it seam your team neglected some details. C CEX, are they trustable? I opened an account with C-CEX and enthusiastically started the venture of getting myself 1 millions XBY! Wow, now I am ready to become a millionaire! The problem is: I am now stuck with 575000 XBY that I cannot recuperate into my local wallet because C-CEX "apparently" must "Maintain" my account? It's been going on for over 24 hours now. What it means exactly has not been revealed by C-CEX so far, despite my many attempts to get explanation and correcting the problem. I don't know what to think of these people up till now but permit me to make a suggestion. Find another exchange for your XtraBYtes if you want people to create Statics. So far, I managed to purchase my 1 million XBY but I am out of 575000 that I cannot touch and God know when they are going to be released. This is a $1200 disaster. Not a pretty picture ! Any suggestion anyone ? Well, I started out reading a nice story about someone who see's what happened and like so many others appreciates it and we thank you for the kind words. However!! I will be contacting them immediately. There was wallet maintenance because we did a fix yesterday and asked them to update the source files. So, this could be a result of that. However, the way you have worded it seems odd. So, we will contact them. Thank you for letting us know! |
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hey man, are you still having trouble with a slow MAC wallet download?
yes. I asked in our Slack and 2 people responded immediately and said they had no issue... so, its not the download. Thanks and hope you get it figured out. |
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Proof of Signature Basic Introduction The PoSign Mining is very easy to understand. Each client (STaTiC Node) sees the same transactions and therefore each block is equally visible by the entire network. The STaTiC Nodes job with regard to the consensus is to simply sign the blocks. If any STaTiC tries to sign a fake block, the other STaTiC's will blacklist it and continue signing the VALID blocks. For example: Let's say there are 100 STaTiC Nodes online across the network and 1 tries to create a block that contains fake information (such as; fake transaction or bad blockhash etc...) This fake/bad block hash will be different than the other 99 hashes and therefore the other 99 clients (STaTiC Nodes) will send a warn/repair RPC message to the "bad" client. If the "bad" STaTiC Node repairs the block then the hash will become the same as the other 99. If it doesn't repair it and instead tries to resend over and over, the other nodes will eventually blacklist the STaTiC. All other nodes (non STaTiC nodes) will see the last block that signed and how many STaTiCs accepted. In comparison; Bitcoin and all other coins have only one untrusted, randomly selected node that signs and creates the block. With XBY, each block is created and signed by all the currently ONLINE STaTiC Nodes. With XtraBYtes, there is no POW or POS mining to sign and verify the blocks. As we said, each online STaTiC signs and this is where you start to see the power of PoSign... Because, this means there are more signatures and more signatures = more security. Nobody can know all private keys from the STaTiC Nodes and therefore it is impossible to create fake STaTiC signed blocks. At this point, we have ONLY 1 STaTiC node controlling XBY and the network is fast and secure... After more STaTiCs have been registered on the network, XBY will be better than ALL other coins in the crypto world. At this point, nobody really understands what is really happening here... We are developing THE COIN This is the LATEST INNOVATION in BLOCKCHAIN technolgy and our man Borzalom is the Genius Mastermind who thought of it. So, to summarize: If Bitcoin security is 100% (with untrusted nodes signing the blocks) How much more powerful is XBY when it is also (100% + the use of trusted nodes) * the number of STaTiC Nodes? Like I said... he was blowing my mind when he was explaining all this to me a few nights ago. Congratulations to all of you who are already with XtraBYtes... You are way ahead of the people who will be coming on board soon.... VERY SOON... I have a few questions about the specifics of your consensus algorithm. I generally approach consensus algorithms from a few angles: -What are the attack vectors (both in stalling consensus and in reversing established consensus) -How is power distributed (and what effects does that have on censorship) -How does it impact scalability (both in transaction volume and number of users) With those main ideas in mind: 1. How does someone actually become a STaTiC node? Do they have to go through the developer, can they set it up themselves? 2. How do you ensure that each STaTiC node sees the same transactions? Further to that point, if I send two transactions that conflict with one another, and some STaTiC nodes see the first and some see the second, how do they come to agreement which transaction is the legitimate one? 3. What constitutes a 'fake' block? 4. How do normal nodes know who the STaTiC nodes actually are, to verify the signatures against? How do thin clients do it? 5. Are blocks deterministic (i.e. everyone on the network at any point would be able to construct an identical block)? 6. It appears every STaTiC node is able to independently create identical blocks, is that true? 7. What is the threshold for normal nodes to accept a block as valid (99% of STaTiC signatures? 51%?) 8. What prevents the creation of an alternative history if someone compromises the original private key of the first STaTiC node? Is the network only weakly-subjective? This is one of the RARE occasions we will post with Borzaloms English. Anyone can see from his history that this is him... I do not have time to convert this to easily understandable English at this time because we are busy preparing the announcements. However, I do not want this to go unanswered because it is troll food and all of you deserve to have the best chance at winning here at XtraBYtes. Thank you for understanding, Borzalom and I will update this post ASAP. [3:46:20 PM] -- CCRevolution -- $: https://bitcointalk.org/index.php?topic=1864397.msg18775624#msg18775624[3:46:46 PM] -- CCRevolution -- $: That is a very heavy question... We will not have time to answer this tonight I dont think... unless you can make it very simple. [3:46:50 PM] Borzalom: 1 working. maybe just a hour needed [3:47:35 PM] Borzalom: I like heavy questions [5:09:07 PM] Borzalom: Here is the answers: [5:09:13 PM | Edited 5:09:51 PM] Borzalom: This is a first very- very good question. Therefore firstly I thank your contribution. I love the hard constructive technical questions. 1.) need deposit ( own address ) + need registration + long online time need after registration ( until old STaTiC-s accept the new STaTiC-s ) Difference the now and later the first registration ( between 25.000 - 50.000 blocks ) don't need the long online time and old STaTiC-s acception. After registration code released then don't need developer. Maybe some code fixes but no more. And of course this is experimental therefore if don't work the original plan then consensus maybe will change. 2.) The "chord" type internal routing between the STaTiC-s ensure the communication. Example If the hash of transaction is begin the 0x1 then the 0x1 STaTiC will the root who first validate and accept this transaction. If you sent the conflicted transactions then the first will accepted or both will denied. The target STaTiC-s will decide this. I say again, this is expermental therefore i don't know exactly the best solution. We will see how to work and if need then i will change the protocol. This is a top reason why no whitebook. 3.) Very difficult to answer. Of course lot of checking needed. Better question that what is the good block. If any block not good then that is fake. Each STaTiC need to make consensus and need exactly 100% same block accepted. If the all accepted transactions broadcasted between the STaTiC-s then the transactions of block will be equal therefore block has also will equal. ( just signature will the difference ) 4.) STaTiC registration will ensure the public keys of STaTiC-s. The key revoke will work simile. All emitted and revoked key stored to blockchain. nonSTaTiC nodes download the blockcahin and after done the download then will see all STaTiC public key and see also if the public key revoked. 5.) YES. The nonSTaTiC nodes created the blocks too but not broadcast. Each nonSTaTiC node validate the signed block and compare that the self generated block. Therefore if any STaTiC try generate false blocks then nonSTaTiC nodes will recognise too. 6.) YES. See above. All node is able to independently create identical blocks not just STaTiC. Difference between nodes: the STaTiC is able to signing too. 7.) Some STaTiC online and some offline therefore no exact number how many needed. After offline STaTiC go to online then will signing the all unsigned blocks. This work like the confirmation of transactions. Each client decide yourself how many signatures needed to accept the block. Now just one STaTiC working therefore very easy this number is one and 100%. Need expermence founding the best ratio and number. After all newly registered STaTiC begin the work we will see how many online and offline at a time. I don't know this number exactly before STaTiC. 8.) The first static is just temporary. Required this fast patch because nobody want mining zero rewarded blocks. After STaTiC registration success then i will burning the checkpoint to source code. The first temporary STaTiC will be removed. [5:28:07 PM] Borzalom: ---- [5:28:09 PM] Borzalom: remark: These answers valid at now. This is experimental coin. If required i change the plans. Remember why no white book. Just the goal fixed. We want STaTiC nodes, community owned coin and code, community data storage system, new block signing method. I personaly want very very big community who help me reaching the goals. I know this is big goal but i hope i have enought experience and knowledge to reache these goals. I say every time This is not tipical investment money this is experimental money. I don't richer or poor if you bought or sell. This is not my money i just the developer who experimenting. I think my first goal to save investor money who invested to bitmox successed. This is a next step. I don't guarante to this next experimence will als success or not. [6:47:41 PM] -- CCRevolution -- $: Hello, I just finished the video... [6:47:47 PM] Borzalom: ok [6:50:15 PM] -- CCRevolution -- $: I am going to post your response as is... there is no time. So, here is how I will preceed: Thanks for the answers. How does the network know when to produce a new block? A decentralized network like this can't keep a reliable timestamp--for example, Bitcoin has a timestamp that can be about ±2 hours, and that timestamp is embedded by miners into the block they mine. Also, how do you ensure that all nodes truly do see all the same transactions? While distributed networks like these generally work in a flood-fill-like manner, all kinds of things can cause nodes on the network to have a slightly different mempool. If all nodes on distributed networks truly had identical mempools, we wouldn't be having discussions about block propagation on Bitcoin, or they would be significantly different and less interesting (see https://gist.github.com/gavinandresen/e20c3b5a1d4b97f79ac2 for example). To clarify a bit on the 'transaction contention' issue, here's an illustration: Assume the existence of two transactions which conflict with one another (but are each independently valid), Tx1 and Tx2.
Purple nodes are normal STaTiC nodes, red ones are regular or STaTiC nodes controlled by the attacker.
The attacker node on the right releases Tx1 and the blue nodes are the STaTiC nodes which are aware that Tx1 exists on the network.
The attacker node on the left releases Tx2 and the green nodes are the STaTiC nodes which are aware that Tx2 exists on the network.
The remaining nodes on the network all hear about either Tx1 or Tx2. At this point, some STaTiC nodes believe Tx1 to be legitimate and others believe Tx2 to be legitimate, and can't reconcile without abandoning what they believe to be truth. It could be said that, once a block containing either Tx1 or Tx2 reaches 51% signature threshold, that the other STaTiC nodes would reconcile. But then the attack vector still exists: what about 3 attacker nodes and Tx1, Tx2, Tx3 which all conflict? And you can't just change the signature threshold to 34%, because then the reconciliation problem moves up to the block level. And on that note: if you choose 51%, then control of a few STaTiC nodes could double-sign and potentially cause desynchronization.On the note of compromising the original STaTiC node, it would theoretically allow a separate, perfectly-valid blockchain separately. Since at block, say, bn only the single STaTiC node was relied on, then compromising it would allow creating a block bn+1, and a block bn+2, etc. And since none of these blocks on the attacker chain would include commitments of additional STaTiC nodes, that blockchain would only ever have that single authority, and could be created to arbitrary depth effortlessly.
Sorry for the delay in responding to this very important question. This is the first time I have revealed this process after coming up with it about 1 year ago.P2P systems work like this:  This is not the best type of network and therefore many problems exist. You have displayed some of these problems, but more exist which is why we will be using a type of "overview" network. This is another very big innovation we are implementing and no other coins use overview networks: We will use what is referred to as a chord overview network where the the STaTiC and nonSTaTic nodes connect to "chord nodes". The "chord network" is a "virtual overview" or in other words, the upper layer of the network and we will call it the Virtual Chord Network. The STaTiC nodes and the nonSTaTiC nodes create the blocks... All nodes create the same block and all blocks have the same blockhash. Therefore, all block have the same ID (we will explain later why contain all blocks contain the same transactions). Transactions work exactly the same as the block creation and so now we can see that all blocks will be the same in each STaTiC and nonSTaTiC and later you will see why this is, as we continue this explanation. Each node (STaTiC and nonSTaTiC) is connected to one "virtual chord node" the chord nodes are only virtual, instead of being real nodes. If the block is ID=1 ( or if we create transaction then TR ID ) then this block will create the #1 virtual chord node and will then send the created block to the #2, #4, #8 nodes (this is an example of a network with just 16 virtual chord nodes) the #2 will send to #3 #5 #9 and so on... The block creation time is not uncontrolled either. So, if we use 160sec block time (just an example because 160 seconds is easier to understand with a 16 virtual chord system). Therefore, the chord nodes create blocks as follows:#1 between 0-10 seconds #2 between 10-20 #3 between 20-30 and continuing to #16 up to 160 seconds. However, we will use more chords of course as this is just a simplified example so the process is more easily understood. Therefore, no transaction or block conflicts occur and every peer knows who will create the block and who will first distribute the block. Added question: But what if that creator block is down or attacked? Does it switch to a different STaTiC?Since all chord nodes are virtual it is impossible to DDOS. There are no IPs or other relay identities available to attack. Chord nodes are virtual, so they are never removed:#1S = #1 STaTiC #1C = #1 virtual chord node If just #1S is online ( only one STaTiC ) then: #1S will control #1C-#16 If #1S-#3S is online, then: #1S will control #1C-#5C #2S will control #6C-#10C #3S will control #11C-#16C If any STaTiC goes offline, for example #3S, then #11C-#16C will be shared between #1S and #2S This is the reason why it is not important how many STaTiC nodes exist or how many STaTiC nodes are online or offline. The number of overview virtual network nodes is a constant. The block and transaction time are not part of the ID. So, one of the key points to answer your question is that all STaTiCs and other nodes do not have to learn about the blocks simultaneously... The transactions distribute throughout our network, sequentially, over the 120 second block time in intervals that eventually get out to the entire network before the next block is created. With regard to network lag, this is not relevant because the network is virtual. Therefore if lag exists it is equal across the entire virtual network. So, the virtual overview network or the Virtual Chord Network solves the problems you bring up. To simplify this explanation for those less technical:P2P (peer to peer file sharing type systems) is like water in a lake. The Virtual Chord Network is like a series of canals. We use water, just like in the lake, but the lake is uncontrolled. |
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What the project could really do with is someone who has a certain amount of tech savvy and also knows Borzalems first language and English who can understand and help him write a good White paper. A concise Whitepaper is what the tech guys look for in the end.
The big whales with money usually do know the tech and why something is great, just saying.
Thank you for your input... The whitepaper is not NOT completed because of languages or someone else tech savvy is required (although we need help in this department), it is not completed because the programming is not completed yet. This is not a copy/paste blockchain. He is rebuilding it to do what it needs to do for PoSign and the STaTiC network and also the Storage Network... Things will change along the way... as it says on the ANN this is experimental. The whitepaper will be out in 2 to 3 months... Have a great day!! |
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Updated instructions make more sense now.
If I understand correctly, what is a big security risk, is that the online static wallet should contain the private key of the deposit wallet. This negates the purpose of the wallet with the deposit being offline.
Instead, you could suffice with the txid of the transaction. This allows for a check that the deposit is still in the address and that way the online static wallet is totally secure.
OK, we have your answer: "online static wallet should contain the private key of the deposit wallet." This is BAD... The online static wallet does NOT contain the private key of the deposit wallet. The online static uses a 100% separated and randomly generated private key. This random private key is generated during registration and this is a very-very long private key. Thank you! |
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Updated instructions make more sense now.
If I understand correctly, what is a big security risk, is that the online static wallet should contain the private key of the deposit wallet. This negates the purpose of the wallet with the deposit being offline.
Instead, you could suffice with the txid of the transaction. This allows for a check that the deposit is still in the address and that way the online static wallet is totally secure.
I have passed your question on to Borzalom... but I think you are not aware of how the full system will work yet because it has not been fully explained. I will try to get that previous question that was answered by the explanation of the Virtual Chord Network completed today. It needs to be properly interpreted. Thank you and please stand by... he will be online later. Hello again CCRevolution, thanks again for your time here. It has occurred to me with these technical questions, that you have two types of investors that appear on most coins. 1) The tech savvy investor who wants to do clever things via nodes, PoSign and whatever else there is. 2) The novice investor who has no idea other than price. I am more the latter myself, and I think if this project is to go mainstream the majority of investors will be type 2 like me. But I do think the heavy tech puts newer people off because they will not buy into something they don't understand, and also something they think others do understand and have an advantage over them with. I even see some people on Yobit chat who are quite experienced traders, not fully understanding things. So I propose, is it possible to edit a video explaining (for the novice) what XBY is exactly with an introduction to static nodes and PoSign? You could also mention the simple advantages of buying it as a potential investment with no need to indulge nodes and tech themselves. That is where I believe most people will be interested, especially as there are only 1300 nodes anyway, most will not have them. But a well presented vid with graphics and sound would make it all less of mystery and everyday people might feel confident buying XBY if they see basically how all these things work. I realise this sounds like a huge ask considering how busy you are already, but if things are to move forward then I believe marketing is very important. Also I would include your own voice in any vid as I believe you sound honest and reliable and that would help. Just my 2 cents worth, but if you know anyone who can throw something together to explain things I believe we will all be better off for it. Thanks. Thanks for reaching out Martin! This stuff is all in the works... in fact, one of our Community Members is working on a nice animated introduction and we will do the voice-over ASAP. Otherwise, I would kindly encourage the experienced traders on Yobit take some time out of their busy day and break free from troll mode for a few hours and come in and educate themselves about what XBY and the XtraBYtes Community Corporation is all about. Probably the best advice they could ever get and after that, as they say, Life is about CHOICES! I hope you will join us in our Slack? Have a great day!! |
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Hi all, Just bought my first 100k on C-CEX after reading your site and blog. Is there any way to buy a StaTicNode? I'm a bit confused on how to buy it and how much it would cost. Thanks.
-Ghost
Hi Ghost! You can register a STaTiC node on the system by following the instructions posted by CCRevolution a few posts above yours in this forum. Those are the final and complete instructions for registering a node. You will need 500,100 XBY. 500,000 XBY for the node itself, and 100 XBY for the transaction fee. You do not have to purchase a STaTiC node. If you do want one, XBY is still very, very cheap on C-CEX and Yobit exchanges. Join the XtraBYtes Slack if you have any questions. And welcome to XtraBYtes! Thank for your support Fish!! Great to have you on board...  This is just 1 small example of what is happening inside the XtraBYtes Community Corporation. Here we are all working together for a common goal and that is the long term success of our company and coin, XtraBYtes. Anyone is invited... you just need to own some XBY and how much you own is completely your choice. However, at this point everyone has an equal opportunity to purchase enough to set up a STaTiC node and you can do as many of these as you wish also. The only limit is the total coin supply of 650 million XBY, which means that theoretically, it only possible for 1300 STaTiC nodes to exist. So, thank you for your interest and question, Ghost! Welcome to the XtraBYtes Community Corporation! |
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