[ANN] ColoredChain - Colorful Blockchain Applications Framework | PPoS | DApps

[ColoredChain]

What's up with the odd number of coins?

Total amount of coloredchain tokens is 64,570,081,fixed.
 • 52,947,466 (82%) for open ICO.
 • 8,394,110 (13%) reserved for supporting third party DApps development and long term marketing of Foundation(Hold 
    by community).
 • 2,582,803(4%) reserved for partners.
    - Cloud service deployment
    - Exchanges
    - PR company
 • 645,700(1%) for ICO bounty.
    - 193710 for Bitcointalk signature campaign participants.
    - 129140 for Coloredchain twitter followers.
    - 129140 for joining Coloredchain facebook group/like.
    - 193710 for local language translation and management.

We have to admit that the initial supply is defined randomly.

why all ICO nowdays total supply always 100M coins with 13M-15M for develover  

It's just for defining the total amount,either 100M or 1Billion is okay.

Important Updates
The initial total supply will be changed from current 100 million to 64,570,081 to conform with Number.MAX_SAFE_INTEGER.
With this change,there will be no more conversions needed from machine side of IOT area,decrease the burden,and will interactive well with machine built in JavaScript and framework,such as node.js .

Others properties same as before.

OP will be updated soon.

[prix]

1. In Lisk (just for example) sidechains must confirm their own transaction by yourself, a mainchain don't interract with sidechains (except coins movement between main and sidechains).
In your project only mainchain must confirm transactions from sidechains and a mainchain stores hashes of sidechains.
Can you provide pros and cons of this system? I have some thoughts about it, but it interesting why you choose this way.

2. So, what about CVM code? Can you describe your VM in more technical words?
Can you show part of CMV code? Can you show part of dapp (colored token platfom)?
As example, Lisk/Crypti uses the standart javascript VM, nothing special.
Did you develop a new realisation of VM or you use java VM (same way as Lisk do)?

If you show parts of it, describe it, etc, it's will be good for understanding how things works and publicity.

[Jazzycrypt]

hi ColoredChain! i'm interesting, when twitter followers will be added here in bounty list https://docs.google.com/spreadsheets/d/1xea-IaemF16Kbl8JcjbcS8ByD-f_0gKHFz7hjVFD0p0/edit?pref=2&pli=1#gid=0 , and maybe need personal message sending, or you'll do this automaticly in future?

[jokumat]

1. Unknown newbie "dev"
2. ICO
3. No escrow
4. Evasive answers here in the thread.

Scam. Be warned

[redhero]

there are so many more reliable ICO, why must choose this scam likely project with so much challenge?

[kurumi]

DEV any update? Or run away? 

[Colombina]

DEV any update? Or run away? 

The last time he was here 30 april.

[Zebedee23]

LOL he legged it already!! Hope none of you gave that cunt too much!!!? you were warned! Listen next time!

[danosphere]

1. Unknown newbie "dev"
2. ICO
3. No escrow
4. Evasive answers here in the thread.

Scam. Be warned

Looks like ppl shoulda listened.

[alope]

[sxafir]

Ico ends 23 may ,and nothing happend.

[Tacata]

Great part of all funtctions are the same as the NXT, the difference is NXT has been here since 2013  And now its adopted for the main exchange in Russia:


https://bitcoinmagazine.com/articles/russia-s-national-settlement-depository-successfully-tests-blockchain-based-e-voting-system-1464198071


"Rymanov explained that the NSD’s e-proxy voting proof-of-concept (PoC) project specifications required setting up a private permissioned blockchain where every node participating in the network is known, and included a number of specific challenges related to processing capacity and permission-based access to the data. According to Rymanov, other blockchain technologies such as Bitcoin and Ethereum couldn’t meet the project’s requirements with an out-of-the-box solution, which motivated the choice of the NXT platform."

“Using the proof-of-work (PoW) Bitcoin blockchain would have potentially created a situation where a particular node with a superior computing power could gain an unfair advantage over its peers, thus jeopardizing the security of the network and, if being a malicious actor, could rig the results of the vote,” said Rymanov. “Furthermore, we see PoW systems as an unnecessary drain on resources in private permissioned blockchains.”

“With regards to Ethereum, our team has been in touch with the Ethereum core developers and has been informed that the current limit on processing is around 60 transactions per second,” added Rymanov. “However, even though Ethereum offered a huge improvement both in functionality and processing speed over Bitcoin blockchain, it did not match the NSD requirements.”

“After a careful consideration we have selected NXT,” Rymanov said. “The proof-of-stake (PoS) blockchain has provided us with enough flexibility to architect a solution that is scalable, stable and with processing capabilities well in the range of NSD expectations. In the lab environment we have pushed DSX fork of NXT to process up to 800 transactions per second. With the custom developed e-proxy voting module running on top of the NXT fork we have stabilized the system at 80 votes per second, which is 160 transactions per second reaching a notable result in line with NSD expectations.”

[sxafir]

Great part of all funtctions are the same as the NXT, the difference is NXT has been here since 2013  And now its adopted for the main exchange in Russia:


https://bitcoinmagazine.com/articles/russia-s-national-settlement-depository-successfully-tests-blockchain-based-e-voting-system-1464198071


"Rymanov explained that the NSD’s e-proxy voting proof-of-concept (PoC) project specifications required setting up a private permissioned blockchain where every node participating in the network is known, and included a number of specific challenges related to processing capacity and permission-based access to the data. According to Rymanov, other blockchain technologies such as Bitcoin and Ethereum couldn’t meet the project’s requirements with an out-of-the-box solution, which motivated the choice of the NXT platform."

“Using the proof-of-work (PoW) Bitcoin blockchain would have potentially created a situation where a particular node with a superior computing power could gain an unfair advantage over its peers, thus jeopardizing the security of the network and, if being a malicious actor, could rig the results of the vote,” said Rymanov. “Furthermore, we see PoW systems as an unnecessary drain on resources in private permissioned blockchains.”

“With regards to Ethereum, our team has been in touch with the Ethereum core developers and has been informed that the current limit on processing is around 60 transactions per second,” added Rymanov. “However, even though Ethereum offered a huge improvement both in functionality and processing speed over Bitcoin blockchain, it did not match the NSD requirements.”

“After a careful consideration we have selected NXT,” Rymanov said. “The proof-of-stake (PoS) blockchain has provided us with enough flexibility to architect a solution that is scalable, stable and with processing capabilities well in the range of NSD expectations. In the lab environment we have pushed DSX fork of NXT to process up to 800 transactions per second. With the custom developed e-proxy voting module running on top of the NXT fork we have stabilized the system at 80 votes per second, which is 160 transactions per second reaching a notable result in line with NSD expectations.”

Any news about start tihis coin.

[Tacata]

Great part of all funtctions are the same as the NXT, the difference is NXT has been here since 2013  And now its adopted for the main exchange in Russia:


https://bitcoinmagazine.com/articles/russia-s-national-settlement-depository-successfully-tests-blockchain-based-e-voting-system-1464198071


"Rymanov explained that the NSD’s e-proxy voting proof-of-concept (PoC) project specifications required setting up a private permissioned blockchain where every node participating in the network is known, and included a number of specific challenges related to processing capacity and permission-based access to the data. According to Rymanov, other blockchain technologies such as Bitcoin and Ethereum couldn’t meet the project’s requirements with an out-of-the-box solution, which motivated the choice of the NXT platform."

“Using the proof-of-work (PoW) Bitcoin blockchain would have potentially created a situation where a particular node with a superior computing power could gain an unfair advantage over its peers, thus jeopardizing the security of the network and, if being a malicious actor, could rig the results of the vote,” said Rymanov. “Furthermore, we see PoW systems as an unnecessary drain on resources in private permissioned blockchains.”

“With regards to Ethereum, our team has been in touch with the Ethereum core developers and has been informed that the current limit on processing is around 60 transactions per second,” added Rymanov. “However, even though Ethereum offered a huge improvement both in functionality and processing speed over Bitcoin blockchain, it did not match the NSD requirements.”

“After a careful consideration we have selected NXT,” Rymanov said. “The proof-of-stake (PoS) blockchain has provided us with enough flexibility to architect a solution that is scalable, stable and with processing capabilities well in the range of NSD expectations. In the lab environment we have pushed DSX fork of NXT to process up to 800 transactions per second. With the custom developed e-proxy voting module running on top of the NXT fork we have stabilized the system at 80 votes per second, which is 160 transactions per second reaching a notable result in line with NSD expectations.”

Any news about start tihis coin.

NXT already exist nxt.org with all those functions:

Alias system-> Uri alias, account alias
Coinshuffle -> decentralized mixing for strong anonimity unique of NXT
Monetary System -> You can do your own colored coin
Message System -> You can send encrypted message or using this feature + account control you can built a type of Dapp
Asset Exchange -> More than  a million dollar in assets and growing
decentralized democracy - > Using votings pools NXT devs are doing a decentralized democracy inside NXT
Pools -> You can create a pool
Accont Control -> Better than multisign and allow people who owns asset/colored coins/ accounts to control or vote in pools
Decentralized Market -> Yep on blockchain
Decentralized Storage
3-party apps supported


The roadmap for NXT 2.0 are here http://nxt.org/roadmap/ -> NXT community was the one of the firsts to be created using ICO system, first to LPoS, first and unique to apply coinsuffle protocol, first in colored coins and now they are solving some blockchain trick questions (like blockchain bloat).

Why dont join NXT, Ethereum, Lisk or other similar project and improve it? There are so many projects out there.
 

[sxafir]

You are type about nxt but what with colorful?

[mrsanny]

Cheat?

[DeadBirdzz]

IT IS A SCAM.

WHICH PART OF THAT DON'T YOU UNDERSTAND?

ARE YOU TOO STUPID TO DRILL THIS IN YOUR BRAIN?

HERE IT IS AGAIN


SCAM

[sotisoti]

Dev will never make a comeback, I feel sorry for those who sent the BTC. https://blockchain.info/address/14SXQgMsRU5RV9kXB3wRJVv5LdxzZpEobT