What is Darcrus? What is dAppsheet?
Darcrus is a token that is tradable on NXT, Waves or any exchange that lists Darcrus. dAppsheet is the team’s first project utilizing Darcrus. dAppsheet will decentralize a business’ application and automatically replicate the underlying database to tailor any tracking, billing accounting , authentication or service desk application to their specific needs. Businesses will need to further customize the GUI to access their dAppsheet by themselves or contracting us to do so.Why should businesses or anybody with a database utilize dAppsheet ? and in summary how does it work ?
This is an excellent solution if you have SLA requirements for ongoing uptime and data availability. dAppsheet will allow you to have robust copies of your database wherever you have a dAppsheet Node. It will ensure that you always have a verifiable database in multiple locations. In the case of an event your business will not see service disruption or data loss, except to see the DNS or load balancers failover to the available backend dAppsheet nodes. Changes to the dAppsheet database can only be done if you have access to relevant keys. Later in 2017, Trezor U2F authentication can also utilized for cryptographically verified loginsHow does dAppsheet utilise the blockchain ?
dAppsheets can use private chain AND private nodes or use public nodes as a private chain. There is 100% flexibility. dAppsheets will use Darcrus if they are on a public node. On a private node, there is no requirement for Darcrus as of now. In the future, private nodes could be required to publish 'checkpoints' in a public node. Darcrus gains value from the buyback program and Proof of Holding as discussed in the OP.Why don’t you cap the ICO investment ? If you need 1000 btc and you get 10000 btc, Isn’t that overkill ?
There is no reason to cap it. Any funds over the minimum would be used to hire more developers and people to accelerate our progress on the roadmap. We will work on more projects in parallel thus opening the path to more projects. 'There is always more to do and never enough funding. The more funding we have the faster we can push Darcrus higher in the commercial world. The more we achieve the more we can increase the intrinsic and extrinsic value of your investment. We are very excited to be here.Can Darcrus benefit and expand on, for example the Stratis platform
Companies that have signed up to use dAppsheets can choose to use nStratis as their base platform, if that is their in-house developer’s specialty. The company may choose to select a Java implementation (NXT/Ardor) as well. The flexibility will be incredible and they will still retain the same underlying value of the blockchain decentralization. dAppsheet is a generic term and businesses can choose their own name for their personalize system. Each dAppsheet can be the side chain of any compatible platformVery nice concept. I work with Big data and have experience building application and Data Warehouses on the Hadoop stack. A world wide decentralized DB with replication to handle DR is awesome. If I may ask, what kind of encryption/decryption and query response time are you looking at? The farther away data is from my geographical location, the more time consuming it will be to retrieve it. Are you going to have any hot spots for enterprises to avoid this issue?
Encryption is done at tx (or data submission) time. decryption happens when data is pulled an a valid private key is presented.
Query response time will vary, depending on the application it is providing services for. Retrieval of information for human viewing will be via web GUI, so the blockchain will not be the bottleneck here.
Input latency will/can be as fast as a bitcoin transaction into the mempool, which is milliseconds. Blocks can be increased to store more data per TX, and the confirmation times can be lowered to verify blocks quicker. So instead of the '5-7 tx per second' bitcoin does now, you can increase blocks to 10mb and do 100 per second if needed. Also, if you need to grow, the dAppsheet can hardfork to increase with the business without expensive migrations.
With technology such as Waves, they are projecting 1000's of transactions per second.
As to the worldwide database, it is replicated across many places, but the data is whole at each location....so if I set my Sigwo Technologies database up, I would have my 'main' node in Stafford, VA with other nodes close to or on premise of the other locations. My data retrieval does not go across multiple nodes. Much like bitcoin, the entire database is on _each_ node, replicated to _all_ nodes.Will there be rewards to participants for profits earned from purchases from by businesses/clients?
Yes, rewards and Proof of Holding will be generated by mining and direct client purchases as described in the announcement.If the company uses Darcrus, for the public blockchain , do they need to hold x amount of coins or actually have to spend coins per action?
The company does not need to hold any certain amount, but they will need some to pay for the tx fees to the publicly available chain (a private chain from nStratis or Waves or NXT or Ardor)
I have not 100% decided if there will be a holding requirement for rewards and proof of holding.
I think there may be 2 types: Rewards that are buy-backs on Trex generated by mining (30%)
proof of holding from client sales/consulting (25% sales, 35% mining)
Or some combination of percentages. It will not be 100% of mining profits or sales profits.How long after the end if the ICO will the tokens be tradable? And also, can I ask why you choose 50 million coins instead of say 80 million or 100 million?
Tokens will be available for trade immediately after token distribution on NXT Asset Exchange. There is other news for further support that will be released on the 20th or 21st of Nov.
50 million was chosen because it was 1/2 of 100 million, which is how many SIGFARM were created.
Waves's DEX will be available when it is (i cannot give time table on this as I have no inside knowledge of completion)What are your plans for a consultancy arm of the project? Given you said each GUI can be customized to a customer's needs, is that something that you envisaged paid professional services delivering. Or will it be so simple customers will expect to do this themselves, or is it just part of the base service?
Sigwo is working daily in real life with similar businesses, datacenters, databases, he is engineer, he is professional, he will be targeting the same and new businesses just by presenting own solution based on blockchain, there is a chance you will see some GUI during the ICO, we would like to present ready solution with nice GUI which can be accepted by customers at once and provide consultancy next additionally, yes GUI can be also customized for customer`s needs, all profit from sales and consultancy will be added also to proof of holding reward system.
There will be differing levels of 'ease' for a dAppsheet. But even if/when we build a 'GUI dAppsheet Customizer' businesses will still need the deployment and security expertise for integration --> migration of their data. Things in businesses are never 'light switch ready' Where did the name Darcrus come from? Any particular meaning?
Darcrus came from my head, and checking around to see if there were anything named this.So Darcrus is going to be structured like a business seeking services and solutions to customers right? With the DAR being the tokens that are used to access the system.
Darcrus is the tokenized software that powers (some) dAppsheet apps. Sigwo Technologies will use Darcrus projects (see roadmap) for its' consultancy business. Closely related to the structure of any enterprise's plan for consultancy.....Microsoft, Arcsight, Snort, McAfee, etc.Where did the idea for the logo come from?
My daughter likes the wolf, so she picked a photo she liked and I had a designer wireframe it.Just one more thing....Can you elaborate on what you mean by powering 'some' of the dAppsheet apps? How will other dAppsheets run if not using DAR? And will you be hiring a sales team to go out and sell your services when your platform is ready?
First part of your question: some companies will decide they need a non-public implementation....IE medical records. These companies can have our engineers design a totally private chain. To begin, this type of implementation does not require any 'check-in' with a public Blockchain. Some companies (like the one that PM'ed me with interest) _needs_ the database public to verifiably prove the records exist and HOW they exist.
Yes I will be hiring teams of sales and engineers, pairing them together in regions. From my regular current day job, I have _many_ industry contacts that are always looking for new tech and improved ways of giving the customer increased capability.So is this like with the bitcoindark swap in Komodo? Swap SIGFARM for Darcrus.
Existing projects are being incorporated yes So the HQ will be somewhere in Canada?
Headquarters is Stafford, VirginiaOn the ANN it says 5 mil DAR for current sigfarm/sigwonet asset holders. is 5 mil accurate? not 50 mil? So this is the second crowdsale?
Darcrus is new project with different goals and purpose, Sigwo is just incorporating old assets to not leave old investors behind, these assets are still generating revenue each month from very long timeCan you explain how it worked with the 5 million DAR already allocated a little more?
I started SIGWONET in 2015 to raise funds and start my 'enterprise' on NXT. In total, I raised ~10 BTC? maybe a little more? I've paid over 3 million NXT
back to those first investors. SIGFARM i started in April 2016. I've raised ~50btc, and returned (another royalty payment will go out today) almost 19,000USD
(btc was under $500 when i started SIGFARM).
So, instead of leaving my first investors out in the cold, i am giving them a 1:1 swap for their current token holdings.
This is in the ANN for exact #'s of tokens outstanding, but I will be burning ~311k of my personal holdings in SIGWONET and SIGFARM, that i bought, not held. The other tokens for SIGWONET and SIGFARM will be burned after the ICO meets the minimum of 1000 btc.
it is very simple, SIGWONET basically was based on trading bots development, decentralized asset exchanges swaps services on NXT including SuperNET multigateway service, SIGFARM started as great mining adventure and still brings revenues to asset holders, every month! from the start!, but these assets were always depending from NXT value, development and its platform as there was no asset-asset exchange or btc-asset exchange and there were no possibility to list it on traditional exchanges with standard rewards as "dividends", if you look at NXT chart i would say Steven did hell of the job while bringing still revenues to asset holders every month. Darcrus is different beast but will implement its all existing ideas also while working on dAppsheet for companies, having support of traditional exchanges and very promising new tech bringing great solutions to the worldAre you creating your own blockchain or you'll be layering on to of other blockchains?
Kinda both, but only fully private chains will be 'created'. The public chains will work from the platform in which they reside.How many people are on the team?
Right now, somewhere between 1 and 6.
I do not want to make commitments to people until i reach my minimum. I want to hire full time personnel that drive Darcrus forward. I will be posting job descriptions and positions to be filled soon (not until prob 2nd week of ICO).Am I right in saying that Darcrus is looking to disrupt the Data Center industry. I mean it sounds like the problems Darcrus is trying to solve are generally specific to Data Center services. At least where disaster recovery it's concerned...How much data will allocated to each DAR? And how many entry credits to the network will each DAR represent?
No, not trying to disrupt the datacenter. There is no 'data per DAR’ unless you mean 'how big are the blocks' and the upper limit has not been set. I'm trying disrupt 'how' things are stored, replicated, accessed, and verified.Who would you say is Darcrus' biggest competitor? Factom?
Factom afaik is a registration sidechain which is much different than Darcrus, although i have not dug deep into anything they are doing. I would have to really dig to find another project that aims to do what we are trying to do. Possibly BigChainDB?Why only 3 weeks for the ICO?
I think three weeks is long enough for people to decide if they want to invest in Darcrus or not. I want to get to work. How will the Sigfarm mining operations bring value to the Darcrus project after launch? Will Darcrus only work on Stratis?
- Mining creates whatever coin the machines mine
- Those coins are sold for bitcoin
- That Bitcoin buys Darcrus in a buyback program from the exchanges' order books
- Those Darcrus tokens bought can also be used in sending Proof of Holding rewards to holders' address. For 'staking' the Darcrus network. It is not actually staking but it is the easiest way to describe.
Private chains will not be 'strictly' Stratis. Sounds like the exchange process would keep the DAR market liquid Is this something completely new?
I've not seen all of these used in conjunction before. Multipools for a certain type of coin (that I built many of) do the same thing, but only if the pool mines profitable coins _AND_ the community mines at that pool. Far too often, multipools are paid for and built, just to have the 'community' abandon the project the following week.If I don't want to store some of my tokens on my computer, is there a online wallet I'll be able to use ?
Yes. You can use mynxt.info or https://nxt.sigwo.com
or supernet Lite wallet as well. mynxt.info is more of a 'web wallet'. nxt.sigwo.com is a regular nxt wallet hosted by me, and it is open for public usage. Detailed instructions on how to use the regular wallet will be posted before the ICO ends.What is nxt.sigwo.com ?
that is the NXT wallet. I installed it and opened it for anyone to use. Remember your tokens is not stored in a 'wallet.dat' like regular coins. They are protected by the 12 word passphrase you receive when creating the NXT account OR you can use your own passphrase. Do NOT lose it.A simple wallet like stratis will be really helpful for those who are not comfy with nxt
I don't have to waste time maintaining 5-7 year old tech. NXT and eventually Waves will have a fine wallet to hold your tokens I can pay with BTC right? see all kinds of things to do with NXT. I don't have nxt.
Yes! BTC is what is being raised. The ICO platform has ShapeShift built in, so you can use Litecoin, Dash, Ethereum, or any other coin supported by the ShapeShift exchange. You will need an NXT address at the conclusion of the ICO, so the tokens can be distributed, and so I can send you 20 NXT.Will there be an escrow securing the fact that if we deposit btc and the threshold is not met we get the refund? or do we have to trust you?
The ICO platform is being ran by Stratis. BTC is not released to me until after the tokens are distributed. Yes, you must have trust and confidence in any ICO you participate in. I have way more to lose by being untrustworthy or shady in this endeavor. You will need to have trust with me whether the minimum is raised or not. In the event the 1k BTC isn't hit, I'll still be in the community. I definitely do not want to be 'black sheeped' because I tried to scam the ICO. More information about this will be released prior to ICO.In the future is there anything the Darcrus project could be utilised for in the coming IoT boom?
There could definitely be a market for Darcrus and IoT, but that is not our core focus right now. It could be added to the core focus, depending on funds raised. As with any enduring business, strategic plans are built 36-72 months out at a very high level. That strategy will be built in the first few months. Thank you for your suggestion, please keep the great ideas flowingSig, will you be the lead developer of the project? Or will you be the CEO who is handling all things etc? Or both?
Depends on if you are asking about January 2017 or January 2018. I will be on the search for an operations manager and lead dev fairly quickly. I will direct a good portion of my time towards spreading the word and solutions of Darcrus.Your previous post sigwo “ I have in my head 5000-7000 BTC raised. That is sufficient to gain a nice development team, sales and engineer force, and marketing pros. When I take the average of 6.000 BTC and use the current BTC rate $ 750 that means $ 4.500.000. These funds are for 2016-2018 if I follow the roadmap.”
What makes it so expensive to need $ 4.500.000? Can you give some example of the costs? Just trying to understand why it costs this amount of money. I really have no clue what a normal developer in crypto costs for example. But it looks like a lot of money to me. It's good to make calculations up front for yourself and pay average costs instead of the highest, so you have room to keep money for new additions / projects.
For example if I think with common sense, like $ 1.000.000 is very much already and any efficient company should have money for that with normal salary and stuff? Again no idea what it costs, so just thinking and posting. Would love to understand it more. Because you don't need big purchases right? It's marketing and developers you need. Like for marketing $ 100.000 is already insanely much. $ 900.000 for 6 developers? Is $ 50.000 a developer a year, 3 years long. Instead of oh well I got a bag of 3 million USD left, so no worries. Again just trying to understand.
100k USD for marketing is nothing. I plan on being in business longer than 2 years. Twitter still isn't profitable. But yet, they continue...
I'd like to be profitable and have cash to support expansion and not have to pivot to meet some demand of a VC
It's not 'oh I have a few mil in the bank' lol it's I'm safe to accelerate if needed, when needed. Not wasting time trying to figure out how to pay people.
And , Yes, we will be turning profits. Money in the bank > projected profits.
To summarize all the money questions. Marketing and developers are expensive. A project manager to keep everything on task. Sales teams w/ engineers that are not developing the apps (as i need them to be talking to customers, not programming and i need the programmers to program, not talk to customers) Office, travel, equipment, salary, and then just administrative costs of doing business. $100k for marketing is a drop in the bucket. Ask any large company how much their marketing/sales budget is and you will fall out of your chair.
But if Darcrus only raises 1500 BTC, I won't need the size or varied proficiency of languages due as we won't have separate “lanes” of developmentWant to know how far you thought about the tech and implications. your roadmap also has set some goals. Is that only with you developing or more developers? developers (good developers) in blockchain technology are very hard to find.
I've thought well through the tech and implications. I need good C++, Java, JS (web dev), Scala, and C# developers. A seasoned developer can learn blockchain just as they've learned to program.Also, what's the exact date you will have access to the ICO funds @sigwo ?
After tokens are distributed, probably the following day or so. If you create a big blockchain database. how will you cope with data bloat? how much data can be stored in a block and what is the Blocktime?
Blockchain bloat is not a concern unless the company decides it wants to/requires to keep their database pruned.
Block data storage and times are 100% customizable per implementation.How can it be customizable? if they use your chain they need to comply with your transaction and confirmation times right?
For example, Stratis private chains are customizable. Each business can have its own Blockchain, meaning they can give the requirements. So a company can delete data which is in your blockchain?
They can't delete anything from someone else's chain.Why should they switch to using the blockchain ? if it does not cost anything more they will just leave it there. If all companies think the same it will bloat as hell. or are there some kind of side chains?
Most companies do not have a storage size problem, they have a verification problem. The current organization I am working for has petabytes of info...that data isn't going to get magically smaller.What happens if you only raise 1500 BTC? at what point would you resort to a VC? doing this would be tantamount to a full blown stock/token dilution, right?
Darcrus' projects would follow more closely to the outlined roadmap instead of being accelerated. Not as many platforms would be initially supported. I cannot answer 'when' I would/will go to a VC. I cannot be 100% sure I won't be approached by a VC.Most projects have already a team when they present the project, it gives confidence, how do you see that?
This is just my opinion. Myself, I saw a problem, I think I can give a better/different/effective solution, and then find people to bring that solution to fruition. Marketing, devs, project/operations manager, etc. Big teams that start with 10-15 people on it at ICO is a bit, um, overbearing. That is a lot of overhead to begin the journey.Will there be a dilution of value or rewards from the Sigwo mining operations as it is spread across all Sigwo enterprises for token rewards on all projects? That's a good value proposition to provide value to the token holder through Darcrus proceeds from sales and services. If not there would really be no way to provide value. It encourages long term holders. Would these tokens be used for licenses or something akin to that as described within the various use cases? Or would they simply be held as reward or value vehicles? Just wondering. I can see many use cases in IT infrastructures. The trick is to provide a product and service that a CIO or equivalent could get their head around.
1. No, as there will be capital from the ICO to expand the operation, so more hashing power. Plus, I am cutting total SIGFARM tokens from 100million to 50million with the combination of SIGFARM, SIGWONET, and launching Darcrus.
2. This is answered in FAQ "some companies will decide they need a non-public implementation....IE medical records. These companies can have our engineers design a totally private chain. To begin, this type of implementation does not require any 'check-in' with a public Blockchain. Some companies (like the one that PM'ed me with interest) _needs_ the database public to verifiably prove the records exist and HOW they exist.
Yes I will be hiring teams of sales and engineers, pairing them together in regions. From my regular current day job, I have _many_ industry contacts that are always looking for new tech and improved ways of giving the customer increased capability."
3. They can be held, sold, or whatever you do with any other coin/token
There are _many_ use cases and there is no trick. Simply show the value of the product to solve a business use case and support their business processes. A CIO doesn't need to know a thing about blockchain to see a value in automatic and decentralized replication of data services with a double-click. They already accept a lot less with a lot more headache. If we go into a meeting trying to lead with 'this is a blockchain....' we will get laughed out of the room most likely.Great info. Thank you. Future plans to have a few companies pilot projects?
Yes. Sigwo Technologies will be the first to have a pilot dAppsheet. I have had a crypto business already reach out for a discussion and a security/consulting business want to discuss Universal Second Factor (U2F) in the near future.I was reading up about the example of say the medical records of a hospital being stored on a private chain, and as we know when we want to obtain a copy of these records we have to pay them as the system stands currently with fiat. so would we be able to pay for access to our medical records on the chain using dar tokens, but the payment would be thru the public ledger?
When you go to the hospital's site, you pay in fiat and it would be up to the hospital's prerogative if they converted to DAR on the backend. The DAR payment would be on a public chain. I honestly do not see this part happening, as DAR is not a currency 'replacement' token.To grow this fast, you will need a lot of sales people and developers. Once the platform is ready, are you going to approach VC's? Not that I am against it but just want to know what your plans are for the next round of funding.
If we do it right, we won't need more funding as I stated, the plan is to _not_ run out of funds. Approaching VC's prior to running out of money is an option. Since Sigwo Technologies is a BizSpark member, we can participate in VC meetings/pitches on that platform as well. I have in my head 5000-7000 BTC raised. That is sufficient to gain a nice development team, sales and engineer force, and marketing pros. Of course, speed of our ambitions lay in the amount participants contribute.