[ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟

[NEMergizer]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

[FlightyPouch]

Happy to advertise about a going to be a successful venture in the near future, When I was introducing Nvo to my friends, one of the random question which arose was having an app in Android as well as in iOs. Whether there is a plan regarding this and a mobile wallet with it??

We still don't know what might happen, we still need to advertise these wallet before we go there, it is like a game where you need to finish the first level before you go to the second level. Either way, if these was a great success, there is no doubt that there will be an amdroid app kust like the other successful wallets.

[Ayiranorea]

Happy to advertise about a going to be a successful venture in the near future, When I was introducing Nvo to my friends, one of the random question which arose was having an app in Android as well as in iOs. Whether there is a plan regarding this and a mobile wallet with it??

We still don't know what might happen, we still need to advertise these wallet before we go there, it is like a game where you need to finish the first level before you go to the second level. Either way, if these was a great success, there is no doubt that there will be an amdroid app kust like the other successful wallets.

In my view this has already been a success with more investment coming into NVO tokens. It's a step away from the other wallet service to attract more users. Than us, already the team might have thought of such plans, because they're much involved into the project than Us.

[miso.dca]

Hello,
just two basic questions
1. private keys = backup phrase? (e.g. bitpay uses as backup just this phrase or it is possible to export private key from bitpay e.g. like is in paper wallet?)
2. who will guarantee 99 cents for NVOS? It would be possible to sell it e.g. on poloniex? If so, who will guarantee price? because every week there will be lots ot NVOS tokens for sale ... if price on poloniex cant be fixed at 99 cents, how could people sell it in this price?

[nemgun]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted then hashed in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

[NEMergizer]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

Correct me if am wrong: then you as an operator will have access to all private keys of all the validators which in my opinion considered a single security point of failure in the design. Still much better than all current available exchanges. Do you have plans to secure such attack surface?

[nemgun]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

Correct me if am wrong: then you as an operator will have access to all private keys of all the validators which in my opinion considered a single security point of failure in the design. Still much better than all current available exchanges. Do you have plans to secure such attack surface?

As the validator is divided in three parts, each wallet have the capacity to create a part of the validator, no one have access to the validator. It would have been centralized to allow such access.

[NEMergizer]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

Correct me if am wrong: then you as an operator will have access to all private keys of all the validators which in my opinion considered a single security point of failure in the design. Still much better than all current available exchanges. Do you have plans to secure such attack surface?

As the validator is divided in three parts, each wallet have the capacity to create a part of the validator, no one have access to the validator. It would have been centralized to allow such access.

Make sense, thanks nemgun. You should consider NEM's supernode concept in securing and decentralizing the validators beyond the safenet. Best wishes for NVO future.

[nemgun]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

Correct me if am wrong: then you as an operator will have access to all private keys of all the validators which in my opinion considered a single security point of failure in the design. Still much better than all current available exchanges. Do you have plans to secure such attack surface?

As the validator is divided in three parts, each wallet have the capacity to create a part of the validator, no one have access to the validator. It would have been centralized to allow such access.

Make sense, thanks nemgun. You should consider NEM's supernode concept in securing and decentralizing the validators beyond the safenet. Best wishes for NVO future.

I appreciate NEM's technology and development, NVO is blockchain friendly, and we consider all the technologies used by blockchains as NVO won't be a competitor but will try to complete and support them.
Thanks for your support.

[EDisney]

An article about the ICO:

https://hacked.com/ico-analysis-nvo/

[xibeijan]

Re-posting @nemgun's response from https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/630

In our typical scenario, user A has BTC and wants to buy ETH, and user B has an ETH and wants to sell them for BTC.

1. At any given time User A shall submit an order expressing its intention to purchase 100 ETH @ 0.1 BTC / ETH prices
The order will be the procedure of creating address 2of2
* The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.
* The mini blockchain will place the order in the order book
* The mini block chain has the role of syncronizing the wallets and it allows communication between them.

2. At another time, User B will issue an order to sell 50 ETH Awards @ 0.1 BTC / ETH

The validator part in the wallet named safe browser will create a 2of2 address with the amount, price, ETH reception address, it will call the smart contract encrypted in double sha 256.
3.Calculation Exchange Procedure
* The mini block chain will detect the deal by logical price
* She will call the two smart contracts that will be compared
* At the end of this verification, the active wallet will engage the safebrowser
* The safebrowser vas creates the ultimate smart contract that will be named the smarcontract swap
* The smartcontract swap will compare the amounts to deduct the excess with the exchange addresses.
* The excess will remain on the smart contract which will be returned on the safenetwork waiting for another deal the ride will be 0.04994 btc all from hangs from sending fee.
* The smartcontract swap will be copied into 4 online wallets in case of disconnection, the blockchain will specify the wallets online in a way aleatoir.
* It will take 4 copies of the smart contract for the deal to be realized, once synchronised the smartcontract swap realises the swap en then is deleted.
* Arrive at this stage the smart contract will be deleted.

This is where my logic model stops because for the following I am in test phase for the 0conf.

Thanks for the link. This still doesn't answer my questions.

It is mainly these two points that I find kinda unclear from a security perspective:
* The private key of the address will be stored in the safenet
* The decryption key for the private key that is stored in the safenetwork will be stored on a blocked encrypted blockchain this blockchain is the inverse of a standard blockchain it encrypts the information.

The private keys will be stored encrypted in blockchains/safenet to be decrypted and used at some points. The question is how these keys will be used safely in a decentralized manner? The only way I can think of that would make such process secure is to have couple of offline/centralized processors. Having all the logic running on the cloud of safenet/blockchains might not be free of security flaws.

Thanks for reposting Allo.

NEMergizer, I don't remember that you asked, but no problem.

To begin with, I do not want you to suppose without knowing the thing, because you could lose yourself.
There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.
Now what you need to keep in mind is how the safenet works, how it will use the computation and make its logical calculation.
In safenet, you have your wallet which is the safebrowser, it uploads your information on the safenetwork by encrypting them in order to secure them, then they are duplicated at the farmers, so I will use some of the code of safebrowser and adapt it for The encryption process, so that users do not have access to the private key of the validator.

Correct me if am wrong: then you as an operator will have access to all private keys of all the validators which in my opinion considered a single security point of failure in the design. Still much better than all current available exchanges. Do you have plans to secure such attack surface?

As the validator is divided in three parts, each wallet have the capacity to create a part of the validator, no one have access to the validator. It would have been centralized to allow such access.

Make sense, thanks nemgun. You should consider NEM's supernode concept in securing and decentralizing the validators beyond the safenet. Best wishes for NVO future.

That all well and good, but SAFE net does not yet exist.  There is a chain of things that can go wrong.  If SAFE never launches then your ideas will never materialize.  Double risk.

[btxu]

I contributed to this in BTC - and sent from a JAXX wallet. Should that work fine?

[Chris!]

An article about the ICO:

https://hacked.com/ico-analysis-nvo/

There's one crucial error that I found in this analysis (so far)

The token will be called NVOT (NVO Token) and will apparently have a fixed price. This doesn’t, of course, make it untradeable via other exchanges, which could give it varying prices and some volatility regardless of any efforts.

NVOT will trade at whatever the market decides, NVOS will be stable at $0.99. Unless I just really didn't grasp the concept properly.

[Albortz]

Hi dears. Please I need donation for paying for my BSC final year tuition of 10,000 USD. you can mail me on segos4u@gmail.com if you need to see proofs.
My Bitcoin Wallet:32ioFBC5kqU6zaAMjFR2M6jtyNgf6NeG6z
My litecoin wallet:LhGBEynBAHS5C1cjTitfQRpZ5TT5PQyLTe.
Thanks in advance, Michel.

Oh sure let me just open my magic basket....

Dude fuck off with your spam

[Allo]

There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.

Does this mean the private key(s) of the validator would be generated locally on Bob's or Alice's system?
But if that's the case, one could easily attach a debugger and see those private key values before they could even be encrypted and stored on safenetwork.
Perhaps I misunderstood something.

[LEEMEEGO]

For those that are interested the USD value of all the coins collected so far is $2,919,985.66 so they're pretty much at the $3million mark (as of the price snapshot I took ~5 minutes ago).

thanks for this update man.. anyway, what is the current status now of the figures collected?
i just visited the site looking for an update for the current figures but i cant see any figures there aside from the countdown ticker..

[nemgun]

There will be no centralized processor because you already have it on your computer, and the program that will use it is called safebrowser (before it was safelauncher), it is it that connects you to safenetwork and that encrypts your data To secure them.
The only flaw that I had that I resolved is that the person who had to send the private key to the safenetwork could crack it, or even keep it on his computer, this is why it will be encrypted in double sha256, and the one that looks like a blockchain will have access to the decryption key.

Does this mean the private key(s) of the validator would be generated locally on Bob's or Alice's system?
But if that's the case, one could easily attach a debugger and see those private key values before they could even be encrypted and stored on safenetwork.
Perhaps I misunderstood something.

When alice wants to put an order, it is the blockchain that will put it in place and it will send a smart contract, everything will come from the blockchain, the smart contract is more to send to safenet and add more security. It can also be seen as a sidechaine.

[brian_nguyen]

Is there a way to change my BTC address in my portal? I was going to use the Jaxx address but seems like Counterwallet is the best and safest way. It failed to import and move the fund over when I tried.

Might help to put some FAQ in OP BTW.

[nemgun]

Is there a way to change my BTC address in my portal? I was going to use the Jaxx address but seems like Counterwallet is the best and safest way. It failed to import and move the fund over when I tried.

Might help to put some FAQ in OP BTW.

Yani is not here for now, but it would be better if you join the slack, he will guide you there. Once there PM him.

[brian_nguyen]

Is there a way to change my BTC address in my portal? I was going to use the Jaxx address but seems like Counterwallet is the best and safest way. It failed to import and move the fund over when I tried.

Might help to put some FAQ in OP BTW.

Yani is not here for now, but it would be better if you join the slack, he will guide you there. Once there PM him.

Thanks. I saw an 8 steps or something but I'd rather just send BTC to my counterwallet to be safe. So can't change BTC address on the portal once it's assigned?