[ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*

[verymuchso]

I am in. How do I buy this on c-cex.com?

Should be visible there tomorrow noon.

Where is the best place to save my coins for the next 5 years? I definitely do not want to leave them on c-cex for very long.

What has been possible with FIMK since ages and what will be possible with HEAT is that you can create a brainwallet address (those twelve word passphrases).
You could do this in the hosted wallet https://lompsa.com or (more secure) download the desktop wallet and turn that on.

FIMK desktop wallet is fully functional without the need to download the blockchain so there you have a safe, easy and quick method to create your brainwallet (those 12 words and it's accompanying FIMK address).

When you write down, print out or email this brainwallet key (the key being those 12 words) to yourself.
You now have your own address where you can keep your funds for the next 100 years  

If you send out your funds from c-cex or which ever exchange to that address, it's as safe as can be and fully under your control.
You can even check your funds straight from your browser since all addresses in the hosted wallet can be bookmarked (see this example https://lompsa.com/#/accounts/FIM-5PGB-BFNZ-KCSF-9XJWB/activity/latest).

The mentioned wallet at https://lompsa.com is our old wallet software btw, for HEAT we have build a completely new client from scratch.
It uses the latest client side techniques (Angular 2, TypeScript and Google Material).

[verymuchso]

What remains of course.. Is never loose your brainwallet key!

[LiskEnterprise]

Whats the minimum hardware / software to be an active Heat POS and POP forger?

I am looking to prepare to support the stystem.

I have three laptops lying around whats the best way to use them?

Two Linux and one windows.

[tuvok007]

Any signature campaign?

[Eliphaz Fimk]

It is mentioned on the HEAT ICO price levels that only 3,000,0000 FINK per participant..

This has been decided to be lifted to 15 Million FIMK per individual.

SO is it correct this is not per account but per person - even if he/she holds many accounts?
How will you enforce this.

Yes, enforced on best effort basis. If fraud is caught, user's stake is lost in the worst case.

So a participant can buy in with 3 million FIMK and also use other crypto coins to increase their holdings, Correct?

Right. No limits for other cryptos, except when the max is reached.

[sxafir]

Is there a date to start ico?

[Eliphaz Fimk]

Is there a date to start ico?

July 11 noon GMT (tomorrow)

Stakes can be reserved on https://openledger.info now, pre-ico.

[verymuchso]

Whats the minimum hardware / software to be an active Heat POS and POP forger?
I am looking to prepare to support the stystem.
I have three laptops lying around whats the best way to use them?
Two Linux and one windows.

HEAT server is build with Java and runs on basically any machine Java runs on with the exception of phones and tablets and such.

[MickyCOB]

I have signed up for FINK, the website looks cool reminds me off the old NXT portal

[bytemuma]

I agreed with the Dev to reserve the Portuguese translation. 

[Eliphaz Fimk]

Opening post amended:

- FIMK 15 Million stake limit
- up to 5 Million HEAT extra genesis stack in case of full ICO
- Preliminary schedule of alpha client, testnet and genesis block

[rnr]

Any cooperations or contacts with real world businesses?

[LiskEnterprise]

Will the new heat platform also cater for the Ardor system?

That would be awesome.

One login to rule them all...

I do not think the NXT community even knows much about HEAT and progress.

So if it can login and FORGE both systems at the same time...

WOW a merging of communities perhaps..

----------------

If it could login with LISK and IOTA i would be fully covered..

[Primitive]

How are FIMK exchanged for HEAT?

It's not clear from the OP or http://heatledger.com/ico/

thanks

[blackyblack]

I have some spare FIM. PM me to make a deal. It is much easier to buy FIM directly than using openledger.

[Eliphaz Fimk]

Any cooperations or contacts with real world businesses?

Indeed, as mentioned in the opening post.

Especially one that includes fiat money transmitter licence.

Basically most business contacts we've made for FIMK during 2 years, because they want to work with business and not non-profit, so we couldn't utilize them previously.

How are FIMK exchanged for HEAT?
It's not clear from the OP or http://heatledger.com/ico/

There will be info on the page by noon GMT

Will the new heat platform also cater for the Ardor system?

Catering for further cryptocurrencies isn't decided yet and depends much on the technologies they use.

The goal is to have an universal multicurrency client / branded version that every crypto releaser wants to be part of - much like Bitcoin-qt (in concept, not technically) but with multiple cryptos.

[mladen00]

waiting for ICO start

[bytemuma]

Portuguese translation is complete. 

https://bitcointalk.org/index.php?topic=1546298.0

[warmach]

POS and POP... what is POP?

P.O.P. stands for Proof of Presence.
Where Presence refers to the presence of one specific blocks file.

A blocks file in turn is a list of blocks and within those blocks are transactions, this is all binary data, all in one stream which allows for blazing fast blockchain scans (scanning a blocksfile of 1 GB takes around 2 seconds or less).

A specific size for each blocks file is hard to give but they will be roughly 1 GB in size and will contain approx 5 million transactions per blocks file.

For the consensus mechanism to function properly you only need the latest blocks file, so whether the HEAT blockchain is 1 GB or 9.000 TB you always only need the last blocks file.

To achieve this, and many other things, in HEAT we have pulled apart storage of balances and storage of transactions, to be able to validate the latest blocks file nodes do need all the balance files for each previous blocksfile.
But this will not be a problem since balances take up much less space, you could store 100.000 balances in a file that is less than 2 MB.

----

But lets get back to POP, this is an incentive we have build into the protocol where we reward node operators to host past blocks files.
The proof comes from a challenge that is written to the blockchain and which you can only solve by scanning the entire blocksfile from start to finish, those node operators then publish their proof to the blockchain and the protocol will reward them if correct.

To be clear.. POP has no meaning for the consensus mechanism, for consensus we use plain POS.

So, is the POP reward going to be given to one computer client each block, or every one?  If just one, how is that one decided?

[funbug]

ICO start or no