Bytecoin Roadmap (including CryptoNote protocol updates)

[J1mb0]

Excellent stuff. The roadmap is looking very interesting!

Also am looking forward to the new api's and documentation with great interest!

[1715216946]

1715216946

[1715216946]

1715216946

[coinmaster222]

No time frame yet?Seems an interesting coin

[Nxtblg]

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

[Ullo]

The next Bytecoin release (1.0.3) is coming out early next week. Follow Bytecoin website and blog for more info.

[onemorexmr]

CryptoNote assets would be amazing!! If only there wasn't the bad 'smell' around the ~80% premine.

That premine could be a blessing in disguise if it were used to subsidize people who issue and maintain Assets like Bitshares': Assets tied to others.

please dont copy bitusd!
who needs an asser which in case of a black-swan event starts a death-spiral which fires itself?
(if bitshares loose moren than 50% of its value bitusd gets forced liquidated and transformed back to bitshares - what do you think will people do in this case? they have proofed (by holding bitusd) that they want usd: they will convert their "new" bts back to usd: which means bts will loose more value again...

^no thanks

assets in itself are a good idea: but please dont try some semi-working-method to tie it to anything.

[Ullo]

please dont copy bitusd!
who needs an asser which in case of a black-swan event starts a death-spiral which fires itself?
(if bitshares loose moren than 50% of its value bitusd gets forced liquidated and transformed back to bitshares - what do you think will people do in this case? they have proofed (by holding bitusd) that they want usd: they will convert their "new" bts back to usd: which means bts will loose more value again...

^no thanks

assets in itself are a good idea: but please dont try some semi-working-method to tie it to anything.

What you describe here is just one use case of assets. We pursue the vision that Bytecoin assets can be backed by the underlying asset, or may not be. Digital assets also largely increase the power of smart contracts as they can represent basically any digital token.

[onemorexmr]

please dont copy bitusd!
who needs an asser which in case of a black-swan event starts a death-spiral which fires itself?
(if bitshares loose moren than 50% of its value bitusd gets forced liquidated and transformed back to bitshares - what do you think will people do in this case? they have proofed (by holding bitusd) that they want usd: they will convert their "new" bts back to usd: which means bts will loose more value again...

^no thanks

assets in itself are a good idea: but please dont try some semi-working-method to tie it to anything.

What you describe here is just one use case of assets. We pursue the vision that Bytecoin assets can be backed by the underlying asset, or may not be. Digital assets also largely increase the power of smart contracts as they can represent basically any digital token.

the important part of my post is: but please dont try some semi-working-method to tie it to anything

i see two different kind of assets:
1) other currencies like usd or commodities like gold. in this case i'd prefer a trustless peg (if possible at all - not seen until now)
2) share in a company: in this case you have to trust someone (eg the company itself). so i dont think there is a need for a trustless peg.

if someone figures out a way to back an asset which resides on the blockchain (in a trustless way) i'd certainly use it

afaik 2 is planned and i am fully ok with it (even bitcoin itself can handle them by using colored coins). number one is the interesting and complex one

[cryptonight.net]

Great updates are coming to Bytecoin.

BTW: any news about early-april 2015 release dates?

[Ullo]

Bytecoin Reference Client v.1.0.3 released.
Bytecoin GUI Wallet is coming out later this week.
Bytecoin Wiki has been largely updated.

In the meantime you may check out our Bytecoin: Under the Hood post where I explain our technology vision and give overview of what has been achieved so far.

More details on v.1.0.3 Reference Client release



In-process INode implementation for applications

INode is the high-level API interface that allows any application to utilize core features of Bytecoin p2p network. Its new implementation provides a full-fledged network node inside any C++ application. It also largely standardizes codebase and powers Bytecoin GUI Wallet, which is coming out later this week.

Low-level ITransaction API interface for ordinary and multisig transactions

Bytecoin low-level API interface provides 3rd party developers with a flexible access to CryptoNote transactions engine. It gives access to core functions that allow to create, validate, sign, and broadcast a transaction. It also provides multisig access.

This update is aimed for wallet and multisig applications developers. Bytecoin low-level API provides full control of CryptoNote transactions technology allowing you to select specific inputs of a transaction. It also gives tools to utilize multi-signature protocol and create such products as native escrow and M-of-N board wallets.

Instant transactions notification

With this feature Bytecoin transactions become real-time. When Alice broadcasts her newly created Bytecoin transaction to Bob, his wallet will immediately recognize it and update Bob's balance before the transaction is included in the blockchain. This is achieved through IWallet API interface that subscribes to all the transactions of the node it is connected to and instantly recognizes the transactions sent to you.

Simplewallet migration to high-level API

Legacy simplewallet code has been migrated to the new high-level API libraries. Even though simplewallet remains the same from the user perspective, everything under its hood is completely redesigned. This update is the showcase and reference implementation of Bytecoin high-level IWallet interface. Simplewallet operates through proxying INode interface only, so it still requires a running daemon.

[Ullo]

please dont copy bitusd!
who needs an asser which in case of a black-swan event starts a death-spiral which fires itself?
(if bitshares loose moren than 50% of its value bitusd gets forced liquidated and transformed back to bitshares - what do you think will people do in this case? they have proofed (by holding bitusd) that they want usd: they will convert their "new" bts back to usd: which means bts will loose more value again...

^no thanks

assets in itself are a good idea: but please dont try some semi-working-method to tie it to anything.

What you describe here is just one use case of assets. We pursue the vision that Bytecoin assets can be backed by the underlying asset, or may not be. Digital assets also largely increase the power of smart contracts as they can represent basically any digital token.

the important part of my post is: but please dont try some semi-working-method to tie it to anything

i see two different kind of assets:
1) other currencies like usd or commodities like gold. in this case i'd prefer a trustless peg (if possible at all - not seen until now)
2) share in a company: in this case you have to trust someone (eg the company itself). so i dont think there is a need for a trustless peg.

if someone figures out a way to back an asset which resides on the blockchain (in a trustless way) i'd certainly use it

afaik 2 is planned and i am fully ok with it (even bitcoin itself can handle them by using colored coins). number one is the interesting and complex one

What kind of implementation of trustless peg (especially for gold and fiat) do you mean?
We're going to provide a technology letting other parties emit various types of currencies. We're not going to emit a bitUSD analog oursleves, but we should not prohibit creating one in theory. Do you think we need to?

As for the company shares, we do share your vision. In this case its company trust that we're talking about, so no need to have it backed by an underlying asset.

[heyhey-u]

Bytecoin Reference Client v.1.0.3 released.
Bytecoin GUI Wallet is coming out later this week.
Bytecoin Wiki has been largely updated.

In the meantime you may check out our Bytecoin: Under the Hood post where I explain our technology vision and give overview of what has been achieved so far.

huh, cool just-in-time releases

[Nxtblg]

What kind of implementation of trustless peg (especially for gold and fiat) do you mean?

Now that opens up a can of worms! I've been watching the gold market for some time: I've seen gold leap up or down, after a Fed announcement was released, in a matter of microseconds. HFT tradebots do that for ya.

Conventional markets move so fast, there's no way that any trustless peg could be implemented: network latency would kill it. That's why BitShares' bytemaster settled upon the median of the prices broadcast by all the delegate nodes. 

The only other way would be to accept a value within a specified range, but that opens up a catch-22. The narrower (closer to precise) the range, the more often that ordinary volatility + HFT + network latency will cause the auditor bots to reject a valid value. The wider (farther away from precise) the range, the greater scope there is to run a long con that "takes a clip from the coin."

I'm only guessing here, but I think that bytemaster first thought of a range but rejected it when he saw that catch-22.

[Ullo]

Bytecoin Wallet, the elegant GUI wallet, has been released. More information in this thread: https://bitcointalk.org/index.php?topic=1018904.0

Today the Bytecoin team has released a fundamentally new GUI wallet, featuring modern design, intuitive interface, and high speed of operations in Bytecoin system. Bytecoin Wallet is available in versions for all major OS and allows new users to start working with Bytecoin swiftly.

Bytecoin Wallet is the second part of Bytecoin v.1.0.3 release. Earlier this week Bytecoin Reference Client has been updated to introduce new high and low-level API. These APIs give smart access to Bytecoin engine and allow third party developers to focus on building their own applications and services according to their business requirements.

Bytecoin Wallet and API libraries together represent an updated Bytecoin technology that allows both users and developers to shape and improve Bytecoin ecosystem, and take part in it in a simple and comfortable way.

Share your thoughts with us! We invite you to download and test Bytecoin Wallet. Your feedback is valuable for us and will affect usability and upcoming features.

[Ullo]

Today, on 27 of May, the Bytecoin team has updated Bytecoin to version 1.0.4. The main part of the update is the Bytecoin RPC Wallet that substantially improves operation of third party applications and services in the Bytecoin network via RPC.

Thanks to RPC Wallet the merchandisers can easily connect their shops to the Bytecoin network and start automatically accepting payments. This service will also boost performance and simplify connecting exchanges and other third party services.

Main features of Bytecoin RPC Wallet:

• Much attention has been paid to Wallet efficiency. Bytecoin RPC Wallet requires small amount of RAM for operation.
• Being cross-platform, RPC Wallet can run as a daemon (Linux/OS X) and as a service (Windows).
• RPC Wallet is capable of processing 3 times the amount of transactions per second (tps) compared to our previous solution, the RPC Simplewallet. The total amount of tps is now 60.
• RPC Wallet supports approximately 10,000 remote connections. It greatly simplifies connection management for 3rd party applications.
• Bytecoin RPC Wallet provides you high-level security. It is impossible to get access to Wallet’s private keys via RPC.
• Developer-friendly and minimalistic interface allows for flexible setting any required functions via RPC-requests.
• RPC Wallet can start up an internal node of the network, or it can use external node in case you need to save resources.

The Bytecoin RPC Wallet is more flexible and functional than Simplewallet RPC interface, superceding it. Therefore, Simplewallet RPC interface will be deprecated later on.

The Bytecoin release 1.0.4 contains refactored and optimized daemon. It enhances code modularity and allows us to tremendously increase software test coverage. The team has introduced a new multi-threading library that makes daemon behavior more predictable. It will be released as a stand-alone project later on. Moreover, we have improved console logging.

GUI Wallet has also been updated. Now it supports selection of color themes. It is also capable of flexible connection to remote daemon or start an in-process node.

Bytecoin RPC Wallet can be built from the sources or downloaded here.

Please feel free to discuss it here.

[Ullo]

Edited (13 July, 2015): updated versions 1.0.5, 1.0.6, 1.0.7

Bytecoin roadmap has been updated up to the version 1.1.1.

v.1.0.3

Low-level API for ordinary and multisig transactions

Bytecoin low-level API interface provides 3rd party developers with a flexible access to CryptoNote transactions engine. It covers CryptoNote's core functions that allow to create, validate, sign, and broadcast any kind of transaction including multisig.


Instant transaction notification

With this feature CryptoNote transactions become real-time. When Alice broadcasts her newly created Bytecoin transaction to Bob, his wallet will immediately recognize it and update Bob's pending balance before the transaction is included in the blockchain.


Simplewallet migration to high-level API

Legacy simplewallet code is completely re-written with the new high-level API libraries. This allows new Bytecoin simplewallet to process blocks and transactions 20% faster. It also acts as a showcase for Bytecoin high-level API for wallets. As for the user experience, it still the same CryptoNote wallet you're all used to, with a whole new engine under its hood.


In-process INode for applications

INode interface is Bytecoin's high-level API library that provides network node functionality. Its in-process implementation allows to launch an instance of Bytecoin daemon inside any C++ application. As an example, it allows Bytecoin Wallet to run a native network node. What's more, if you have a local Bytecoin daemon running, INode will connect to it rather than create a new in-app instance. This update marks the start of Bytecoin lightweight wallet development, a long-awaited feature in CryptoNote ecosystem.


Bytecoin GUI Wallet

Bytecoin team has designed an elegant graphic wallet. Bytecoin Wallet is much more than just a user-friendly implementation of simplewallet's functions. Our team has spent months prototyping, running A/B tests, and focus groups. The result is the well-polished application focused on user experience.


v.1.0.4

E-commerce solution designed for highload

Bytecoin e-commerce solution offers a new integration scheme for businesses that operate with Bytecoin. It is a robust demonized RPC Wallet that is capable of receiving and sending thousands transactions simultaneously. Designed for highload, Bytecoin RPC Wallet meets the requirements of the most sophisticated business cases.

Daemon refactoring and optimization

The data serialization code among various CryptoNote components is significantly updated. This feature improves Bytecoin code maintainability and is extremely important for future updates. It enhances CryptoNote code modularity and allows Bytecoin team to tremendously increase software test coverage.


Improved console logging

Bytecoin logging module is largely updated and standardized, both in daemon and simplewallet.


Color themes

This update provides Bytecoin users with a new set of color themes for Bytecoin Wallet. Even though our main focus is hardcore protocol features, we believe it's time for CryptoNote to become more user-friendly.


v.1.0.5

Network-wide real-time transactions synchronization

This feature allows Bytecoin nodes to synchronize the transaction pools (transactions that are not in blocks yet) network-wide. It improves network stability by addressing multiple sophisticated cases for newly created transactions. It also lays ground for the upcoming transfer features.

High-level API for blockchain explorer

This API interface provides Bytecoin blockchain explorer functionality for any C++ application. It further decentralizes Bytecoin's infrastructure allowing anyone to easily implement block explorers.

New network library

The network layer is being migrated to a new library. Unlike epee library that has been used previously, the new solution makes node's behavior more predictable in runtime. This update splits network and worker threads and is a pre-requisite for multi-threading behavior optimization.

In-wallet blockchain explorer

A native blockchain explorer is coming right to your Bytecoin Wallet. It improves user experience, since all you may need to know about Bytecoin is already in your wallet.

In-wallet miner

An in-wallet miner is a long-awaited feature for Bytecoin Wallet. It simplifies mining in pools for average users and allows to start getting Bytecoins with a few clicks right in your wallet.


v.1.0.6

Multiple wallet addresses

Multiple wallet addresses is a secure scheme for payment identification. Implemented in Bytecoin RPC Wallet, it takes payment processing to a whole new level. It may well be the largest update to CryptoNote cryptographic protocol since 2012.


v.1.0.7

New transaction priority rules

This feature is a major improvement of transaction rules for Bytecoin network. It reserves a part of each block for specific zero-fee transactions. The latter are likely to emerge as a result of micro-donation protocol implementation and in case a large amount of tiny inputs is involved.

Transactions inputs optimization

As a result of new transaction priority rules introduction, Bytecoin Wallet is capable of optimizing your wallet funds. In a process similar to good old defragmentation, tiny inputs are joined into a smaller number of larger outputs. This is a significant improvement of the CryptoNote protocol, which will be covered in a our new whitepaper.

Tracking key import/export

The access to your Bytecoin wallet address is based on two private keys: tracking key and spending key. The former allows any party to learn your balance and all financial operations. This update extends the transparency-on-demand core feature and introduces a user-friendly way to export your tracking key or import the keys provided by other parties.

8-bit color theme

A taste of good old 8-bit style is coming to our elegant Bytecoin Wallet. This color theme is a tribute to the old Bytecoin website.


v.1.0.8

Instant transaction notifications through proxy INode

Instant transaction notification is coming to the proxying node module. The latter is the INode interface implementation for the wallet to work with the remote daemon. This is an important step towards lightweight wallets.


v.1.0.9

External keys for Bytecoin RPC Wallet

This update substantially extends Bytecoin RPC Wallet functionality allowing third party developers to securely pass private keys of the wallets to its API interface. This is a major feature that improves Bytecoin out-of-box security for various web applications.

Transaction comments

Transaction comments provide a functionality to enclose any message to the transaction that you are sending. Its content is going to be encrypted, stored in blockchain, and available only for the recipient.

Invoices

Invoices are a usability enhancement for Bytecoin Wallet. They allow merchants and services to send an invoice directly to the user's wallet. Therefore, payment for the end-users is simplified to just a couple of clicks required to accept the invoice.


v.1.1.0

On-blockchain alias

Bytecoin team aims to give on-blockchain aliases a new perspective allowing you to create aliases for basically whatever you want.


v.1.1.1

P2P layer refactoring

This update isolates p2p and cryptocurrency protocols to further improve testability, modularity, and reliability. This update allows to create any p2p project on top of Bytecoin's network layer.

Higher daemon synchronization speed

The ambitious goal is to improve the speed of daemon synchronization from scratch by 500%. After this update there will be no need to distribute blockchain files, since there will be no time difference between synchronizing with the network and downloading blockchain from a server.

Higher block relay speed

The updated P2P layer allows to polish the way the blocks are relaid across the network. It ensures that all Bytecoin nodes are synchronized with just a neglectable delay.


Various work in progress

Full daemon refactoring

Another significant daemon refactoring that improves code modularity. It also increases blocks and transactions processing speed by roughly 15%.

Lightweight wallet

Lightweight wallets are able to operate with any network daemon that has allowed external applications access, and exchange wallet peerlists. They minimize the resource requirements and allow Bytecoin wallet to run on a large variety of platforms.

Colored coins and assets

Colored coins are the next big thing in cryptocurrencies and is the next significant step for CryptoNote. They will allow Bytecoin users to create and distribute various securities and digital assets.

Alerts

Alerts are a handy feature to ensure that all Bytecoin network nodes are notified on software updates and important notes from the Bytecoin developers.

SOCKS-proxy for wallet

Native SOCKS-proxy support for Bytecoin wallets connected to remote daemons.

P2P pools

With all the updates mentioned above we expect Bytecoin network to significantly increase. P2P pool is a temporary sidechain that implements decentralized pooled mining, which is important for network decentralization.

Turing-complete language for on-blockchain scripts

This update is on the early prototype stages. We aim to provide a brand new Turing-complete language and an interpreter capable of powering CryptoNote's smart contracts.

[Ullo]

Bytecoin team has updated the roadmap for the upcoming three releases:

- Version 1.0.6 has been split. Real time transactions sync has been moved earlier to version 1.0.5, which is coming out this week. Other features (tracking key import/export and 8-bit color scheme) have been moved to version 1.0.7
- Multiple addressing for Bytecoin RPC Wallet has been moved to version 1.0.6 (instead of 1.0.7).
- Version 1.0.7 introduces two significant CryptoNote protocol updates: new transaction priority rules and transactions inputs optimization:

New transaction priority rules

This feature is a major improvement of transaction rules for Bytecoin network. It reserves a part of each block for specific zero-fee transactions. The latter are likely to emerge as a result of micro-donation protocol implementation and in case a large amount of tiny inputs is involved.

Transactions inputs optimization

As a result of new transaction priority rules introduction, Bytecoin Wallet is capable of optimizing your wallet funds. In a process similar to good old defragmentation, tiny inputs are joined into a smaller number of larger outputs. This is a significant improvement of the CryptoNote protocol, which will be covered in a our new whitepaper.

[Ullo]

We have just updated Bytecoin to version 1.0.5. The following features have been introduced:

Bytecoin Reference Client

1. Real-time transactions pool synchronization is a solution, which guarantees that all network nodes have similar unconfirmed transactions lists. As soon as one node receives user's transaction, it ensures that this transaction is included into transactions pools of all nodes. Therefore, every miner will have a complete unconfirmed transactions list. Read more in our blog post that covers the solution.

2. New network library with network code operating significantly faster than the existing solution. It allows for increased stability of data exchange between the nodes in runtime. We are planning to release this library as a stand-alone project so that any p2p app developer can use utilize it.

3. Block Explorer high-level API has been added to our APIs. With its help, developers will be able to create services that obtain data directly from the blockchain. We've used this interface to integrate Block Explorer into the Wallet. Read more in Bytecoin Wiki

4. A new method "list_transfers" has been introduced in Bytcoin RPC Wallet allowing to receive all incoming transactions regardless of their payment_id.


Bytecoin Wallet

5. In-wallet integrated miner and block explorer. These features turn Wallet into an integral 'control center' allowing to receive and send transactions, mine BCN using any pool, and navigate inside in-app block explorer.





Links

Download Bytecoin
News post: Bytecoin 1.0.5 Released
Blog post: Unconfirmed Transactions Pool Synchronization Solution
Bytecoin Roadmap
Bytecoin Wiki

[J1mb0]

We have just updated Bytecoin to version 1.0.5.

Hey! Many thanks!

I have updated my gui on one windows machine - looking very good.

Got my bytecoind running on another Win8.1 x64 machine; Didn't have to reindex, just had to delete p2pstate, poolstate and then good to go - I was using a really old one there!

However the simplewallet loads up my wallet just fine.

Thanks for your ongoing hard work!  

[Ullo]

Bytecoin 1.0.6 updates CryptoNote and upgrades e-commerce integration

Today's release introduces an updated Bytecoin RPC Wallet for e-commerce with a new feature called aggregate multi-addresses. In short, this feature allows services to create a branch of unique addresses to easily differentiate users. This feature is a significant update of the CryptoNote protocol:

• It effectively depreciates payment_id (a formerly indispensable part for any CryptoNote currency)
• It facilitates web wallets operation
• It greatly upgrades Bytecoin integration and deposits by allowing to assign each user with a unique address
• It reduces server resources required for maintaining dozens of users' addresses
• It increases overall privacy of Bytecoin

There is more to 1.0.6 release than just aggregate multi-addresses feature:

• Updated IWallet and IBlockchainExplorer high level APIs
• Traffic between the node and the wallet has been optimized providing faster synchronization

Towards easier integration

Now all you have to do to integrate Bytecoin is:

1. Install Bytecoin RPC Wallet
2. Generate users addresses for each new user (through Bytecoin RPC Wallet API)
3. Process the payments in a matter of seconds

Important note: updating your Bytecoin RPC Wallet service will not disrupt your currently established system. This update is entirely backward compatible with payment_id deposits even though payment_id will be depreciated in further releases.


Update explained

The core idea of aggregate multi-addresses can be described as 'shared half of view key', i.e. common data for all users, namely key 'a'. Keys 'b', surely, are unique for each user, which implies different 'spend keys' and different addresses.



We've explained the adjustments in CryptoNote which made this update available in our blog post on aggregate multi-addresses.


Learn more

News post explaining benefits of the update
Blog post with the detailed explanation on how it works
Bytecoin roadmap (updated)
RPC Wallet API


Should you have any questions, do not hesitate to contact us through https://bytecoin.org/contact/ for faster response.

[Ullo]

Bytecoin 1.0.6.1 released.

Bytecoin 1.0.6.1 update features improvements

Today we have updated Bytecoin Reference Client to v.1.0.6.1 and Bytecoin Wallet to v.1.0.5.1. The new release features various wallet improvements and optimizations while enhancing overall stability.

The update was introduced in response to reports and feedback from users that we have received since 1.0.6 release. We strongly advise you to update your console Bytecoin software to enjoy an improved seamless Bytecoin experience. The new binaries can be found on the downloads page.

Next week we are going to release an update for both Bytecoin Wallet and Bytecoin Reference Client according to the roadmap, so keep an eye on our news.

Do not hesitate to contact us at any time, should you have any questions.