[Pre-ANN] Tao: Smart Contracts for Real Life, The Best The Blockchain Can Offer

[taoron]

Whitepaper now online!  http://tao.network/WelcometoTao.pdf
The investor handbook is now available! tao.network/InvestorsHandbook.pdf

Integrating the best of blockchain technology, and then taking it one step further...

* Proof-of-Stake * X11 Proof-of-Work * Community Governance * InstantX * DarkSend * Master Nodes * Native I2P/Tor * Identity Management * Encrypted Messaging * Extended OP Codes * Stealth Transactions * DApp Development * Digital Asset Subchains *

What is Tao?
In 2009, the enigmatic persona “Satoshi Nakamoto” launched Bitcoin: a public currency network built on what was to be known as “blockchain technology.”  Blockchain technology has unleashed such a wave of potential economic freedom and accountability that it has become one of the most transformative technologies since the internet, itself. Six years later there exists an entire universe of blockchain-based applications, from currencies to smart contract platforms, unleashing the spending power of the sovereign individual without the concern for any geographic economic disincentive on a global scale.  Allowing for true borderless currencies and settlements over the Internet, blockchain technology has unleashed the imagination of technophiles, libertarians, academics, politicians, and financial professionals.  Many innovations in privacy, smart contracts, and decentralized commerce have been developed, but there has been no cohesive manifestation of all of the best that modern blockchain technology has to offer.  The Tao (pronounced “dow”) blockchain network represents the pinnacle of the evolution of blockchain technology, harmonizing these leading edge technologies into a network with unrivaled potential.

Throughout the entire 20th and early 21st centuries, technological advancement has come at the cost of security, safety and privacy but the open source software development community has decided upon a different fate.  It is the purpose of this project to leverage the latest in cryptographic technology towards the protection of consumer privacy which, when coupled with blockchain settlements, unleashes an unprecedented ability for the average, sovereign individual to fully exercise their freedom of expression regardless of their nationality or geographic location.

The Tao Project is a distributed autonomous organization (DAO) which has been created by a community of individuals passionate about blockchain technology with the goal of providing a solid, stable platform for the development of decentralized applications (DApps) and services.  These DApps are to be created with the singular purpose of demonstrating the power of blockchain based smart contracts to increase economic freedom without sacrificing privacy and security.  This project marks the start of the next generation of blockchain platforms which take the technology out of the experimental phase and safely into practical application.  

Introducing Subchains: Creating a Blockchain in a Blockchain
Subchains are a means within the Tao Network to instantiate a completely new Unspent Transaction Output (UTXO) data set within the main blockchain and establish a set rate of exchange between a new digital derivative and the TAO token. As the TAO token becomes a baseline for rates of exchange between subchained assets, entirely new economic possibilities emerge for the exchange of value and the settlement for goods and services.  Every blockchain is based on public key cryptography which is comprised of two principal components: a public component and a private component.  This key pair is used to create addresses on Bitcoin-based blockchain networks.  Each blockchain has a specific set of parameters which make that blockchain cryptographically unique, and it is why the addresses for Tao are different than Bitcoin.  However, if the specific parameters for generating an address for any given blockchain are known, a single key pair may serve for every blockchain.  It is in this manner that a single set of key pairs are able to represent an almost unlimited number of addresses for subchained assets, each of which can be linked together with the most basic of smart contract implementations.

The Tao of Intelligent Transactions
The most powerful feature of the Tao network is its Intelligent Transaction technology.  This simple but elegant blockchain implementation allows for unprecedented flexibility in smart contract execution at per-transaction resolution.  IntelliTx technology allows for a smart contract payload to be attached to each and every transaction.  Transactions can be created which are simply a smart contract payload and a transaction fee. Transaction payloads are content agnostic, so as to be able to accommodate Bitcoin Script, Ethereum Serpent/Solidity, or your own custom protocol, and yet are still able to be validated through Tao network consensus.  Naturally re-entrant smart contracts create a worry-free environment for developers who no longer need to be concerned about their programmatic flow being interrupted and funds being lost by a recursive contract call. The operation of IntelliTx removes the pitfalls with other smart contract networks, even if their scripting is implemented!

An Intelligent Transaction is more than just a smart contract, it is a means by which a blockchain may interact with the world outside of its network and do so while still enjoying the security of a blockchain data store and without the mandate of a virtual machine.  New protocols and new DAOs may be developed and deployed without a single alteration of the operation of the Tao network or its consensus mechanisms.  As such, the power of the Tao network Intelligent Transaction allows for the tokenization of any asset, creating cryptographic chains of custody for anything from gold bars, to bottles of wine, to digital music.

Identity in a Privacy-Centric Smart Contract Platform
One of the key features of the Tao network is the ability to identify any entity, either human or machine, for the purposes of encrypted communication.  The act of registering an identity with the network exposes the public key of the entity, allowing for security in communication and data sharing that is profoundly elegant in comparison to existing systems.  As one may register an unlimited number of identities, the sacrifice for registering an identity is very small and yet carries with it tremendous benefits for the preservation of privacy.  The concept of “anonymity” within blockchain technology has been widely misunderstood, and to the great detriment of the public.  An immutable, immortal cryptographic ledger of financial transactions is in no way anonymous, or even pseudo-anonymous as has been often argued, but through the application of modern cryptographic techniques and business practices one may enjoy an unparalleled level of privacy.  Privacy and anonymity are not the same, yet one may not aspire to be anonymous without the ability to keep their information private.

Blockchain forensic analysis is a new, but very effective, science which has already lead to arrests once the individuals involved has been properly identified.  While currently benign in its use, blockchain technology is not immune to the specters of abuse and censorship that has plagued modern technological innovation.  It is towards preserving the long term privacy of individuals in a landscape of constantly evolving education and innovation that the Tao network employs several means of securing individual privacy, and thereby individual liberty.

Multisig Wallet Automated Crowd Sale!  Escrow available upon request!

Crowdsale Begins: July 28th, 2016
Ticker symbol: TAO
Total tokens: 42 million
Total on offer via crowd sale: 30 million
Required tokens for Alpha Node qualification: 10,000 TAO
Proof of Work Reward: 10TAO per block for 10 years, 0.001TAO thereafter
Yearly Inflation via Proof of Stake: 4%

Complete White Paper Release: July 18th, 2016
Development Roadmap Release: August 1st, 2016
Crowdsale Ends: August 28th, 2016
Network Launches: September 1st, 2016


Website
http://tao.network
Email
info@tao.network
GitHub
https://github.com/taoblockchain
Twitter
https://twitter.com/taoblockchain

[1715608398]

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[1715608398]

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[1715608398]

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[notsofast]

Looks good on first read.

EDIT: your Twitter account joined in 2014? Has this project been in the works for a long while?

[jimlite]

Will be watching to mine.

[Copulative]

i'll keep an eye on this

[Lafu]

Watching this too,  looks Good at the first!

[ICOcountdown.com]

Send me some information if your interesting in added this to: http://icocountdown.com

Email: alex@icocountdown.com
Skype: icocountdown
Twitter: https://twitter.com/ICOcountdown

[spain cool]

new coin TAO=DAO

[placebo]

escrow needed, ask me

[Bisha]

The identity of developers is not revealed and crowdsale isn't done via escrow? ...

[taoron]

The identity of developers is not revealed and crowdsale isn't done via escrow? ...

We appreciate you taking the time to respond. Both topics are covered,  and we are going to consider more escrow options.

[gravitate]

Oh dear another ico for people to throw their money into and never see again. The crypto land has no shame

[Edser]

watching

[Edser]

Oh dear another ico for people to throw their money into and never see again. The crypto land has no shame

no shame, like shilling for lisk and waves for table scraps? lmao

[bigs21024]

escrow needed, ask me

wow Placebo you doing escrow now too!

[taoron]

Looks good on first read.

EDIT: your Twitter account joined in 2014? Has this project been in the works for a long while?

Thank you!

We have been working on this project for some time and the name has changed in the course of development.

[Anamixxx]

I will follow

[notsofast]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

[Pyramusx]

Can't believe the Weiner-man himself would stoop as low as an ICO and X11 algo. How the mighty have fallen.

Bryce, you were better than this man. There is still time.

[OrsonJ]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

I have now heard this rumour too. Please confirm or deny and also tell me who Bryce Weiner is. I did a forum search and found this thread https://bitcointalk.org/index.php?topic=847777.0. If it's to be believed then this Bryce Weiner is bit of a shady dude. If so, why would people expect you to admit that you are Bryce Weiner if in fact you are, as the rumour suggests, Bryce Weiner? Food for thought I'm sure you'll agree. Plus where are all these gossiping fishwives hearing this rumour from not long after this ann was made? Seems like the sort of rumour that Bryce Weiner might start!  

[sunerok]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

I have now heard this rumour too. Please confirm or deny and also tell me who Bryce Weiner is. I did a forum search and found this thread https://bitcointalk.org/index.php?topic=847777.0. If it's to be believed then this Bryce Weiner is bit of a shady dude. If so, why would people expect you to admit that you are Bryce Weiner if in fact you are, as the rumour suggests, Bryce Weiner? Food for thought I'm sure you'll agree. Plus where are all these gossiping fishwives hearing this rumour from not long after this ann was made? Seems like the sort of rumour that Bryce Weiner might start!  

bryce is an excellent dev, not sure why it would be a bad thing if he were a dev/one of the devs behind the project. all the coins that he worked on were solid, as far back as i can recall. i'd hate to burst any noobs bubbles, but there aren't many devs in crypto. i can count most of them on both hands. devs are generally contracted to create/work on coins by investors. as a dev, i hate when people (usually noobs) blame a dev for a failed coin (unless the coin had tech problems that weren't fixed and that's why it failed)

[Pyramusx]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

I have now heard this rumour too. Please confirm or deny and also tell me who Bryce Weiner is. I did a forum search and found this thread https://bitcointalk.org/index.php?topic=847777.0. If it's to be believed then this Bryce Weiner is bit of a shady dude. If so, why would people expect you to admit that you are Bryce Weiner if in fact you are, as the rumour suggests, Bryce Weiner? Food for thought I'm sure you'll agree. Plus where are all these gossiping fishwives hearing this rumour from not long after this ann was made? Seems like the sort of rumour that Bryce Weiner might start!  

bryce is an excellent dev, not sure why it would be a bad thing if he were a dev/one of the devs behind the project. all the coins that he worked on were solid, as far back as i can recall. i'd hate to burst any noobs bubbles, but there aren't many devs in crypto. i can count most of them on both hands. devs are generally contracted to create/work on coins by investors. as a dev, i hate when people (usually noobs) blame a dev for a failed coin (unless the coin had tech problems that weren't fixed and that's why it failed)

Good point sunerok, and what's good with XCT though?

[gravitate]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

I have now heard this rumour too. Please confirm or deny and also tell me who Bryce Weiner is. I did a forum search and found this thread https://bitcointalk.org/index.php?topic=847777.0. If it's to be believed then this Bryce Weiner is bit of a shady dude. If so, why would people expect you to admit that you are Bryce Weiner if in fact you are, as the rumour suggests, Bryce Weiner? Food for thought I'm sure you'll agree. Plus where are all these gossiping fishwives hearing this rumour from not long after this ann was made? Seems like the sort of rumour that Bryce Weiner might start!  

bryce is an excellent dev, not sure why it would be a bad thing if he were a dev/one of the devs behind the project. all the coins that he worked on were solid, as far back as i can recall. i'd hate to burst any noobs bubbles, but there aren't many devs in crypto. i can count most of them on both hands. devs are generally contracted to create/work on coins by investors. as a dev, i hate when people (usually noobs) blame a dev for a failed coin (unless the coin had tech problems that weren't fixed and that's why it failed)

This is an extremely good point,. But when devs start getting people to buy the coins by hyping it thats when they truely suck. You are the only one I know that doesn't do it.

Anyway the TAO 'NO HYPE, NO BULLSHIT'
That doesnt sound too good in a prelaunch thread. Its kind of a contradiction before they even get started.

[taoron]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

Bryce helped us in developing the project to fruition and we appreciate his efforts and enthusiasm in bringing this project to the attention of his friends in the community.

[majestymage]

well, this might be interesting..i'll keep an eye

[Mgrover]

waiting for ICO to begain and when mine will start.

[Vikiardi12]

yes, i know

[bitwhizz]

watch

[Hulk Hobo]

Bryce?

I also just heard that Bryce Weiner is behind this project.

taoron, confirm/deny?

I have now heard this rumour too. Please confirm or deny and also tell me who Bryce Weiner is. I did a forum search and found this thread https://bitcointalk.org/index.php?topic=847777.0. If it's to be believed then this Bryce Weiner is bit of a shady dude. If so, why would people expect you to admit that you are Bryce Weiner if in fact you are, as the rumour suggests, Bryce Weiner? Food for thought I'm sure you'll agree. Plus where are all these gossiping fishwives hearing this rumour from not long after this ann was made? Seems like the sort of rumour that Bryce Weiner might start!  

bryce is an excellent dev, not sure why it would be a bad thing if he were a dev/one of the devs behind the project. all the coins that he worked on were solid, as far back as i can recall. i'd hate to burst any noobs bubbles, but there aren't many devs in crypto. i can count most of them on both hands. devs are generally contracted to create/work on coins by investors. as a dev, i hate when people (usually noobs) blame a dev for a failed coin (unless the coin had tech problems that weren't fixed and that's why it failed)

Not a noob. Bryce is a horrific dev. Lot's of proof of failed projects. Always blames others, you will get burned working with him. Good luck, and lol.

[codehtcmail]

Wasn't this TAO announced before ? I think I heard of it some time ago, not sure, but will search in my history to see if I'm not wrong.

[-Greed-]

Looks good on first read.

EDIT: your Twitter account joined in 2014? Has this project been in the works for a long while?

Thank you!

We have been working on this project for some time and the name has changed in the course of development.

I didn't get it. What do you mean by 'the name has changed'? Let's clear this... You got a twitter in 2014 and you got a github in 2016. The git contains no code as well as the twitter has no tweets (except few made on 9th June 2016 exactly when the github was created). So you've been working on the project for 2 years and wrote 0 lines of code? Looks weird.

Again. Anon devs. No info but the ICO. No results in 2 years of development. Weird accounts. This all smells fishy. Don't recommend. Likely a scam.

Edit: Mr. Tao Sauron, what do you say?

[taoron]

The whitepaper is now online!


http://tao.network/WelcometoTao.pdf

[taoron]

Looks good on first read.

EDIT: your Twitter account joined in 2014? Has this project been in the works for a long while?

Thank you!

We have been working on this project for some time and the name has changed in the course of development.

I didn't get it. What do you mean by 'the name has changed'? Let's clear this... You got a twitter in 2014 and you got a github in 2016. The git contains no code as well as the twitter has no tweets (except few made on 9th June 2016 exactly when the github was created). So you've been working on the project for 2 years and wrote 0 lines of code? Looks weird.

Again. Anon devs. No info but the ICO. No results in 2 years of development. Weird accounts. This all smells fishy. Don't recommend. Likely a scam.

Edit: Mr. Tao Sauron, what do you say?

That the GitHub is empty doesn't mean there is no code, but that it hasn't been posted.  This is an open source project that is attempting to be crowdfunded.  There's  not many projects that have their code posted to the repository prior to the crowd sale starting.  Likewise, it would be equally foolish to announce the intent to start a crowd sale and not have code.  The devs are not anonymous, we simply haven't revealed the team at this point.  There's no less than four individuals contributing to the project, one being legal counsel (who is also a former judge).  The accounts aren't "weird", but simply recycled as the branding changed during the course of development.

This project is no scam by any means and we would invite the community to watch the project with a cautious but open mind.

[mitao]

buy just buy, ico after ico keep going.

[jokumat]

1.  "No Hype! No Bullshit!"

2. .. the most resilient, robust and vetted blockchain-based smart contract system ever launched ...
 


"No Shame!" would be more correct

[jokumat]

We can sign up for "Exclusive Pre Sale Offers"??  What is it? You are selling even before the presale?

[taoron]

The investor handbook is now available! tao.network/InvestorsHandbook.pdf
Sign up to the email list for early info and more! tao.network

[taoron]

Join our slack community today!
https://tao11.typeform.com/to/ws8MgM

[sunerok]

I did a brief code review with some of the Tao team, and i can definitely verify this is happening. They were easy going and pretty open about my questions as we went along.

I saw a fully functional blockchain, with a bunch of new/unique features and op_codes. I saw it functioning as a binary as well, and from what I gathered,

this is a sturdy chain, with a platform that has many new functions that seem to make its versatility/implementation near endless. I'm not sure what features I should mention, but i'll say

with relief that this is definitely not another shitcoin ico.

[rajeshgarnaik]

looking good will buy some and mine.

[hananl1styo]

bounty for translate?

please reserve me for indonesian language if you have, dev

thanks

[CryptoRekt]

Will be investing as soon as the pre-sale launches.

Cheers-
Rekt

[sigwo]

Looks good on first read.

EDIT: your Twitter account joined in 2014? Has this project been in the works for a long while?

Most likely a recycled twitter account from a previous shitcoin.

[bitcoinisfurture]

OP - I have 3 questions for you.

1) Do you think at any time your coin will be more in supply and traded then bitcoin?
2) What is the roadmap for next 5 years of the coin in case it survives and has any value in the market?
3) How much are you spending for promotional activities across globe to make your coin renowned?

[rajeshgarnaik]

any bounty

[len01]

interesting, will follow this one

[taoron]

OP - I have 3 questions for you.

1) Do you think at any time your coin will be more in supply and traded then bitcoin?
2) What is the roadmap for next 5 years of the coin in case it survives and has any value in the market?
3) How much are you spending for promotional activities across globe to make your coin renowned?

1) The supply starts out greater than Bitcoin if you go by whole token count, but I could not say whether or not tading will exceed Bitcoin.

2) Roadmaps are planned out in WhitePapers and further releases that will be unveiled during the next weeks while we secure partnerships and agreements. Joining the email list will give you this information first!

3) We do not have a set budget, but we are certainly mapping out avenues outside of the crypto space to pull in many different types of investors in our project and others. I will say that the team is dedicated to spreading the word even now before public press releases start popping up. Stay tuned for more!

[taoron]

To answer the queries about bounties, there will be a bounty system in place. We are solidifying the details now!

[dan_and_shan]

will be mapping it out?, sale begins,shortly. Dont you think the details should hammered out so investors, can see you guys are at least seem to be switched on?
the Tech looks good, but the distro is is there any plan for the 77%  inastamine funds?
Reserved will keep an eye on it

[taoron]

The crowd sale has started!

This thread will be locked and preserved for posterity.  Please join us at the link below!

https://bitcointalk.org/index.php?topic=1567647