[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers

[Mrboot]

The wallet has already appeared?

There is a testnet running you can install the wallet on there if you like and see how things work.

Looks really good and works perfect

[Kevinrasf]

After another more thorough read through the documents I still have a little bit on unclarity on the voting part.

Any clarification would be much appreciated.


Quoted from the documentation:
One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance.
One vote costs the user 1 LISK and he can vote for 33 delegates in one go.
He can vote for 101 delegates in total, for this he needs to initiate 4 votes (33+33+33+2 = 101).



The first line says one vote equals 0.00000001 Lisk and you can only vote with your entire balance.

But what does this exactly mean? so when I vote it counts as 0.0000001 or whatever my final balance is? ( lets say 10K LISK )

So does whoever I vote for get 10K of LISK votes sort to speak?



The second line says you can for 33 delegates in one go, why is this exactly? why can't you just vore for 101 delegates at once if you got 101 delegates names anyway?



The third line says you need to inititate 4 votes to get that total of 101 is this to avoid spam then or is there another reason for this?




Basically I want to know that if I got 10K lisk and i vote for 4 people do they get 10K worth of LISK as a vote or 2500 Lisk ( 10k divided by the 4 delegates) ?



Thanks !

[YNWA2806]

Hey is there an official list of the elected delegates?

[Mrboot]

Hey is there an official list of the elected delegates?

Hey yes there is , https://forum.lisk.io/viewtopic.php?f=6&t=96

(this is mine but leads to the list, it was still on my copyboard!)

[Kevinrasf]

Hey is there an official list of the elected delegates?

Hey yes there is , https://forum.lisk.io/viewtopic.php?f=6&t=96

(this is mine but leads to the list, it was still on my copyboard!)

I think he means a summary of the delegates on 1 page.

Like a page with fast URL links to every Delegate.

[Mrboot]

Hey is there an official list of the elected delegates?

Hey yes there is , https://forum.lisk.io/viewtopic.php?f=6&t=96

(this is mine but leads to the list, it was still on my copyboard!)

I think he means a summary of the delegates on 1 page.

Like a page with fast URL links to every Delegate.

If you go to the forum and then delegate page you can see around 79 delegates there thats the biggest summary i know so far.

[redcastle]

The wallet has already appeared?

There is a testnet running you can install the wallet on there if you like and see how things work.

Looks really good and works perfect

Will we have a good Windows wallet like bitcoin right?

[tolikkk]

my advice is to reduce awards delegates up to 3 coins per block first year, up to two coins in the second year and to 1 coins for all other years except inflation in the first year will be 39 %, which is first of all a lot, and secondly, each delegate receives in the first year more than 300K coins with less than 50K, you get a decent amount for the year, isn't it? although this is my opinion

hmmm, your maths seem a little off...

15,000,000 1st year 15mil/101=148,514.8514851485 lisk per delegate

or you could do minutes in a day (which makes more since due to down and or uptimes)
1440 minutes in a day each node hits on average every 17 minutes so:
1440/17 = 84.70588235294118 times per day average each of the delegates hits a block.
84.70588235294118*5 = 423.5294117647059 Lisk per day, per delegate (average)
423.5294117647059*365 = 154,588.2352941176 Lisk for the first year (average).

it only goes down from there.
remember this is for a 100% uptime and perfect world delegate.

you realize that 300K is a more LISK on one delegate in the first year, with 5 coins per block, if with these conditions we are talking about the beginning, then the problems can not be, but if it is possible to reduce the block reward for first and second year, why not do it? the delegate, having in three years about 1 million Lisk and having the authority of creating blocks...it's...

[wizzardTim]

The wallet has already appeared?

There is a testnet running you can install the wallet on there if you like and see how things work.

Looks really good and works perfect

Will we have a good Windows wallet like bitcoin right?

Bitcoin-qt is not that good (slow as a slug)

[NorrisK]

my advice is to reduce awards delegates up to 3 coins per block first year, up to two coins in the second year and to 1 coins for all other years except inflation in the first year will be 39 %, which is first of all a lot, and secondly, each delegate receives in the first year more than 300K coins with less than 50K, you get a decent amount for the year, isn't it? although this is my opinion

hmmm, your maths seem a little off...

15,000,000 1st year 15mil/101=148,514.8514851485 lisk per delegate

or you could do minutes in a day (which makes more since due to down and or uptimes)
1440 minutes in a day each node hits on average every 17 minutes so:
1440/17 = 84.70588235294118 times per day average each of the delegates hits a block.
84.70588235294118*5 = 423.5294117647059 Lisk per day, per delegate (average)
423.5294117647059*365 = 154,588.2352941176 Lisk for the first year (average).

it only goes down from there.
remember this is for a 100% uptime and perfect world delegate.

you realize that 300K is a more LISK on one delegate in the first year, with 5 coins per block, if with these conditions we are talking about the beginning, then the problems can not be, but if it is possible to reduce the block reward for first and second year, why not do it? the delegate, having in three years about 1 million Lisk and having the authority of creating blocks...it's...

I agree with you, it is simply too much reward for hosting a node.

What will likely happen is that only pools and profit sharing nodes will be getting a delegate node though, as voters will want a piece of the pie too.

Also, people campaigning now may run into people with large amounts to crush their voting power.

Still no definite numbers of bounties??

Only bounty i followed was sig campaign. i believe it was 200k lisk? and there ended up being 5 weeks. so i am ASSuming week 1 gets more than week 2 and so on.
if it was split evenly 200k/358= 558.659lisk per sig participant. but im hoping they break it into weeks.
like week one gets more than week five. Or, the more weeks you have the more you get.
maybe:
5 weeks gets 40%
4 weeks gets 30%
3 weeks gets 15%
2 weeks gets 10%
1 week  gets 5%
..... thats just me hoping for that five week bonus 

One week on the campaign equals one stake. So just get the total number of stakes out there and divide 200,000 by that.

Not sure about the numbers anymore, but even a 1 week stake should be a nice number of coins (more than 100), so with a price of 10 cents that is already 10 USD.

ok, so for sig campaign:
week 1 = 46 stakes
week 2 = 95 stakes
week 3 = 211 stake
week 4 = 289 stakes
weeks 5 = 358 stakes

how do you think they will break this down to divide it?

If those numbers are correct it should be 200,000 / (46+95+211+289+358), which means a out 200 Lisk per week that you were on the campaign.

[devlin]

Hi all. I have finished setup of my delegate ojolo@asia@1 and have my main intro here https://forum.lisk.io/viewtopic.php?f=6&t=215&p=1774#p1774

Aiming to run this node as part profit-sharing, part dapp development funding.

I hope to make it in to a few of your vote lists.

This is great. More delegates pools with profit sharing is better.

[LiskHQ]

Official Lisk Mainnet Launch - End of April

Up until today, we had estimated an official launch of the Lisk platform for April 11th, 2016. Unfortunately, there have been setbacks concerning the generation and validation of keys, associated with each ICO exchange. Consequently, we have decided to delay the official launch to the end of April, the worst case scenario being early May.

The delayed launch will not be in vain; not only will it provide the community enough time to generate and validate their keys, we will also implement important security features into the platform.

Passphrase Validation

As of today, 87% of all ICO participants have generated their keys and claimed their passphrases, while only 44% have validated them. The validated passphrases percentile provides the team a degree of certainty that ICO participants have saved the correct passphrases. We need this as high as possible to follow through with the official launch. Current status:

- 13% not claimed passphrases: ~1,800 BTC or $750,000
- 56% not validated passphrases: ~7,840 BTC or $3,292,800

At the present time we would have to escrow over $750,000 in LISK, while having the uncertainty of potentially $3,300,000 in incorrectly recorded keys. We feel these numbers need to be reduced.

Starting this week, we will send out emails to all users who have not yet generated or validated their passphrases.

- How to Generate your Lisk ICO Passphrase
- Verifying your ICO Generated Passphrases

Paving the way for a bright future

After discussions with individual community members and advisors, we have decided to deviate from our current pre-launch roadmap, and focus towards improving the security first. The updated pre-launch roadmap will be available this week, and will include the plans for building a modular crypto-currency, the implementation of mnemonic checksums, updated fees and much more.

Modular Crypto-Currency

Lisk is poised to become the first truly modular crypto-currency by utilizing sidechains as a solution to scalability. Lisk sidechains allow us to implement various features into the Lisk main network as Decentralized Applications (Dapps). This not only makes single features optional, it also keeps the Lisk mainchain streamlined in comparison to other crypto-currencies.

Mnemonic Checksum

Crypto-currency brain wallets have a history of problems concerning users choosing too simple passphrases for their accounts. It’s important to understand that the passphrase represents the private key of your account. Therefore, we integrate mnemonic checksumming of passphrases that conforms to BIP39, forcing users to generate highly secure passphrases directly inside our client (12 words like: all spike short ill claim field credit doctor paddle appear price music).

Responsive Design

Lisk community members are already working on mobile clients for Android and iOS. If you want to access your Lisk account inside your smartphone browser you are able to do so right at launch - thanks to our responsive design.

Updated Fees

We feel the current fees are a bit on the expensive side. Prior to the official launch we will adjust the fees accordingly to make them accessible and affordable to the community. Conversely, we also believe that fees should have an impact to discourage name squatting and low quality delegates or decentralized applications. For this reason, we are evaluating the current fees associated with delegate and dapp registrations.

In summary, we strengthen the stability and security of the network while the community completes their validations, and hopefully officially launch by the end of April. These are very exciting times, and we are as excited as everyone to experience the next technological revolution. Thanks for the support on testing the public network, you will soon have another version to play with.

Kind regards,

Max, Oliver & Joel

https://blog.lisk.io/official-lisk-mainnet-launch-end-of-april-2ec622f6921e

[mistercashking]

Official Lisk Mainnet Launch - End of April

Up until today, we had estimated an official launch of the Lisk platform for April 11th, 2016. Unfortunately, there have been setbacks concerning the generation and validation of keys, associated with each ICO exchange. Consequently, we have decided to delay the official launch to the end of April, the worst case scenario being early May.

The delayed launch will not be in vain; not only will it provide the community enough time to generate and validate their keys, we will also implement important security features into the platform.

Passphrase Validation

As of today, 87% of all ICO participants have generated their keys and claimed their passphrases, while only 44% have validated them. The validated passphrases percentile provides the team a degree of certainty that ICO participants have saved the correct passphrases. We need this as high as possible to follow through with the official launch. Current status:

- 13% not claimed passphrases: ~1,800 BTC or $750,000
- 56% not validated passphrases: ~7,840 BTC or $3,292,800

At the present time we would have to escrow over $750,000 in LISK, while having the uncertainty of potentially $3,300,000 in incorrectly recorded keys. We feel these numbers need to be reduced.

Starting this week, we will send out emails to all users who have not yet generated or validated their passphrases.

- How to Generate your Lisk ICO Passphrase
- Verifying your ICO Generated Passphrases

Paving the way for a bright future

After discussions with individual community members and advisors, we have decided to deviate from our current pre-launch roadmap, and focus towards improving the security first. The updated pre-launch roadmap will be available this week, and will include the plans for building a modular crypto-currency, the implementation of mnemonic checksums, updated fees and much more.

Modular Crypto-Currency

Lisk is poised to become the first truly modular crypto-currency by utilizing sidechains as a solution to scalability. Lisk sidechains allow us to implement various features into the Lisk main network as Decentralized Applications (Dapps). This not only makes single features optional, it also keeps the Lisk mainchain streamlined in comparison to other crypto-currencies.

Mnemonic Checksum

Crypto-currency brain wallets have a history of problems concerning users choosing too simple passphrases for their accounts. It’s important to understand that the passphrase represents the private key of your account. Therefore, we integrate mnemonic checksumming of passphrases that conforms to BIP39, forcing users to generate highly secure passphrases directly inside our client (12 words like: all spike short ill claim field credit doctor paddle appear price music).

Responsive Design

Lisk community members are already working on mobile clients for Android and iOS. If you want to access your Lisk account inside your smartphone browser you are able to do so right at launch - thanks to our responsive design.

Updated Fees

We feel the current fees are a bit on the expensive side. Prior to the official launch we will adjust the fees accordingly to make them accessible and affordable to the community. Conversely, we also believe that fees should have an impact to discourage name squatting and low quality delegates or decentralized applications. For this reason, we are evaluating the current fees associated with delegate and dapp registrations.

In summary, we strengthen the stability and security of the network while the community completes their validations, and hopefully officially launch by the end of April. These are very exciting times, and we are as excited as everyone to experience the next technological revolution. Thanks for the support on testing the public network, you will soon have another version to play with.

Kind regards,

Max, Oliver & Joel

https://blog.lisk.io/official-lisk-mainnet-launch-end-of-april-2ec622f6921e

wow delayed, I am ok with it. But alot of people are gonna be upset.

[Vega]

Oh, good, I can skip the next 10 pages. Whining whiners and FUDsters are incoming.
Delay, because ppl are lazy? SCAM!

[souljah1h]

Oh, good, I can skip the next 10 pages. Whining whiners and FUDsters are incoming.
Delay, because ppl are lazy? SCAM!

With post like this you are giving them ammo. Just sssh.

[devlin]

Delayed launch is ok, will be more time for delegates to test their nodes, also what % of claimed and validated is intended to be reached before launch?

[ancientOne1]

What was the price of one lisk during the ico?
Maybe it has been stated but I couldn't find the amount of traded lisk.

[Kevinrasf]

Nothing wrong with a delay.

A stable release is better then a crappy one.

Only 2 weeks 3 tops, so no big deal.


Anyways, I made a list of delegates a summary with URL's to each individual delegate announcement.

I am still updating it though.

https://forum.lisk.io/viewtopic.php?f=6&t=216&p=1798#p1798

[axlroses]

Official Lisk Mainnet Launch - End of April

Up until today, we had estimated an official launch of the Lisk platform for April 11th, 2016. Unfortunately, there have been setbacks concerning the generation and validation of keys, associated with each ICO exchange. Consequently, we have decided to delay the official launch to the end of April, the worst case scenario being early May.

The delayed launch will not be in vain; not only will it provide the community enough time to generate and validate their keys, we will also implement important security features into the platform.

Passphrase Validation

As of today, 87% of all ICO participants have generated their keys and claimed their passphrases, while only 44% have validated them. The validated passphrases percentile provides the team a degree of certainty that ICO participants have saved the correct passphrases. We need this as high as possible to follow through with the official launch. Current status:

- 13% not claimed passphrases: ~1,800 BTC or $750,000
- 56% not validated passphrases: ~7,840 BTC or $3,292,800

At the present time we would have to escrow over $750,000 in LISK, while having the uncertainty of potentially $3,300,000 in incorrectly recorded keys. We feel these numbers need to be reduced.

Starting this week, we will send out emails to all users who have not yet generated or validated their passphrases.

- How to Generate your Lisk ICO Passphrase
- Verifying your ICO Generated Passphrases

Paving the way for a bright future

After discussions with individual community members and advisors, we have decided to deviate from our current pre-launch roadmap, and focus towards improving the security first. The updated pre-launch roadmap will be available this week, and will include the plans for building a modular crypto-currency, the implementation of mnemonic checksums, updated fees and much more.

Modular Crypto-Currency

Lisk is poised to become the first truly modular crypto-currency by utilizing sidechains as a solution to scalability. Lisk sidechains allow us to implement various features into the Lisk main network as Decentralized Applications (Dapps). This not only makes single features optional, it also keeps the Lisk mainchain streamlined in comparison to other crypto-currencies.

Mnemonic Checksum

Crypto-currency brain wallets have a history of problems concerning users choosing too simple passphrases for their accounts. It’s important to understand that the passphrase represents the private key of your account. Therefore, we integrate mnemonic checksumming of passphrases that conforms to BIP39, forcing users to generate highly secure passphrases directly inside our client (12 words like: all spike short ill claim field credit doctor paddle appear price music).

Responsive Design

Lisk community members are already working on mobile clients for Android and iOS. If you want to access your Lisk account inside your smartphone browser you are able to do so right at launch - thanks to our responsive design.

Updated Fees

We feel the current fees are a bit on the expensive side. Prior to the official launch we will adjust the fees accordingly to make them accessible and affordable to the community. Conversely, we also believe that fees should have an impact to discourage name squatting and low quality delegates or decentralized applications. For this reason, we are evaluating the current fees associated with delegate and dapp registrations.

In summary, we strengthen the stability and security of the network while the community completes their validations, and hopefully officially launch by the end of April. These are very exciting times, and we are as excited as everyone to experience the next technological revolution. Thanks for the support on testing the public network, you will soon have another version to play with.

Kind regards,

Max, Oliver & Joel

https://blog.lisk.io/official-lisk-mainnet-launch-end-of-april-2ec622f6921e

LOL delayed

[eclipsun]

A smooth, stable and solid platform launch is what matters most.