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Author Topic: [ANN][ZEN] Horizen: Unbounded By Design  (Read 216560 times)
elutzen
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November 22, 2017, 03:19:54 AM
 #1241

Does this mean that you may increase the 42+1 requirement for secure nodes? That has potential to piss a lot of people off in the long run. You need to finalize that decision now and baseline a number with at least two to five year committment.

Do you gonna up ZEN needed to maintain a SecureNode ?

Cause with only 42+1 ZEN, actually more them 60k secure node can be run ...

Never reach profit at all, it will cost you more except if ZEN price raise.

Maybe a limit about 100+1 ZEN can be good so in maximum if all coin go to secure node we will have less them 21k secure node (Steel umprofitable but with more hope)

Something like 150-200+1 ZEN would be even better.
https://securenodes.eu.zensystem.io/ we have around 750 nodes in beta testings. I doubt we can see over 20k nodes (Immediately), but if this happens price certainly won't stay same.
http://zen.lebre.net/

10k nodes is 420k Zen Bittrex has under 200k in orders book.  Smiley

System will be improved over time, when Team collect enough information from system itself. Trough system of proposals and voting we will be able to change and improve almost all elements of this system.  Wink

I doubt that the 42+1 ZEN will be changing anytime soon. I don't see the dev team changing it.
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falsealarm_bf1
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November 22, 2017, 04:16:23 AM
 #1242

I definitely would like to hear that from the development team.

Does this mean that you may increase the 42+1 requirement for secure nodes? That has potential to piss a lot of people off in the long run. You need to finalize that decision now and baseline a number with at least two to five year committment.

Do you gonna up ZEN needed to maintain a SecureNode ?

Cause with only 42+1 ZEN, actually more them 60k secure node can be run ...

Never reach profit at all, it will cost you more except if ZEN price raise.

Maybe a limit about 100+1 ZEN can be good so in maximum if all coin go to secure node we will have less them 21k secure node (Steel umprofitable but with more hope)

Something like 150-200+1 ZEN would be even better.
https://securenodes.eu.zensystem.io/ we have around 750 nodes in beta testings. I doubt we can see over 20k nodes (Immediately), but if this happens price certainly won't stay same.
http://zen.lebre.net/

10k nodes is 420k Zen Bittrex has under 200k in orders book.  Smiley

System will be improved over time, when Team collect enough information from system itself. Trough system of proposals and voting we will be able to change and improve almost all elements of this system.  Wink

I doubt that the 42+1 ZEN will be changing anytime soon. I don't see the dev team changing it.

HORIZEN ►►► Bringing Privacy To Life | https://horizen.global/
BossBee
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November 22, 2017, 05:59:36 AM
 #1243

If a change in coin count occurs for the nodes, implementing it before main net would be more respectable to investors. 

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Gelbstich
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November 22, 2017, 06:16:42 AM
 #1244

I definitely would like to hear that from the development team.

Does this mean that you may increase the 42+1 requirement for secure nodes? That has potential to piss a lot of people off in the long run. You need to finalize that decision now and baseline a number with at least two to five year committment.

Do you gonna up ZEN needed to maintain a SecureNode ?

Cause with only 42+1 ZEN, actually more them 60k secure node can be run ...

Never reach profit at all, it will cost you more except if ZEN price raise.

Maybe a limit about 100+1 ZEN can be good so in maximum if all coin go to secure node we will have less them 21k secure node (Steel umprofitable but with more hope)

Something like 150-200+1 ZEN would be even better.
https://securenodes.eu.zensystem.io/ we have around 750 nodes in beta testings. I doubt we can see over 20k nodes (Immediately), but if this happens price certainly won't stay same.
http://zen.lebre.net/

10k nodes is 420k Zen Bittrex has under 200k in orders book.  Smiley

System will be improved over time, when Team collect enough information from system itself. Trough system of proposals and voting we will be able to change and improve almost all elements of this system.  Wink

I doubt that the 42+1 ZEN will be changing anytime soon. I don't see the dev team changing it.
It was just a suggestion of Bibi187, not anything mentioned by the development team. Also I personally like the amount of 42+1, because you have to keep money invested to run a secure node on the one hand, but on the other hand it's not that much money that, so that almost anyone can run a secure node, if he really wants to. The price of 42+1 will probably rise in the future, so that's a reason more to not  raise the amount of coins needed to run one. Every secure node there is more increases the security of the network, as the name says. So that's not a bad thing, as Bibi187's post suggests.

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bel123
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November 22, 2017, 06:31:34 AM
 #1245

if there will be very many secure nodes and not so profitable i think team will decide to give more then 3,5% for secure nodes.

In near futue popular will be segwit/atomic swap/lightning network - maybe after you start secure nodes, active marketing... will be time to add them to zencash.
beni1107
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November 22, 2017, 06:38:49 AM
 #1246

if there will be very many secure nodes and not so profitable i think team will decide to give more then 3,5% for secure nodes.

In near futue popular will be segwit/atomic swap/lightning network - maybe after you start secure nodes, active marketing... will be time to add them to zencash.

Yeah!
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November 22, 2017, 07:17:27 AM
 #1247

What about implementing wallet encryption like in most of other clients?

Seriously, I don't feel really safe running a node that will broadcast to the web, but having my wallet in plain text. Anyone who manages to get into the system (due to some exploit on wallet, OS, daemons/services) will be able to simply copy my wallet file and get my money.
Of course, for the time being it's not that much (less than 2000$ per node at current rate), but still, better do something about it before it's too late.

I believe wallet encryption is absolutely must have feature!

Trading robots - wrong assumptions made by beginners - https://bitcointalk.org/index.php?topic=1722689 - share your practical experiences!
MedaR
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November 22, 2017, 08:42:40 AM
 #1248

Does this mean that you may increase the 42+1 requirement for secure nodes? That has potential to piss a lot of people off in the long run. You need to finalize that decision now and baseline a number with at least two to five year committment.


Secure Node Criteria
Each of the following criteria must be met and maintained for a Secure Node to be eligible to recieve a share of the reward pool.These items may be added to or modified at any time.

Must maintain a balance of at least 42 ZEN in a 'stake' transparent address
Must maintain a minimum balance of .001 ZEN in a private address on the node for challenges
Must be available with minimal exception time for at least 92% of an earning period (appox. 1 day)
Must perform a challenge in under 300 seconds
Allow 8 or more peers by allowing public connections on the configured zen port (default 9033)
Must maintain a valid public SSL cert properly configured for zen
Must not fall behind the current block height by more than 4 blocks
Must update to current versions of the zen and/or tracker software within the posted time frame
Note: only one public Ip address is allowed per node (IPv4 or IPv6).
Nodes who meat all criteria will be algible for payments

5 (challenges per node)*31(day)*0.001 Zen = this is under 0.151 Zen (as a minimum amount that should be held in a private address on the node)
This is under 0.2 Zen currently.

Why should this minor amount "piss" a lot of people ?  Cheesy

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MedaR
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November 22, 2017, 08:55:20 AM
 #1249

What about implementing wallet encryption like in most of other clients?

Seriously, I don't feel really safe running a node that will broadcast to the web, but having my wallet in plain text. Anyone who manages to get into the system (due to some exploit on wallet, OS, daemons/services) will be able to simply copy my wallet file and get my money.
Of course, for the time being it's not that much (less than 2000$ per node at current rate), but still, better do something about it before it's too late.

I believe wallet encryption is absolutely must have feature!
Yes Arizen supports encryption of wallet. With Arizen you don't have to worry.

https://github.com/ZencashOfficial/arizen

What is and can do Arizen wallet in v1.0.0 version

 You can download Arizen wallet from Release section from Github right now
 You can create multiple separate accounts
 Password protected locally stored accounts
 All data are encrypted (any of other wallets does not have this) and stored only on your HDD
 Detailed info about address and transaction history
 You can import / export wallet to encrypted .awd / decrypted .uawd Arizen's file
 Desktop notifications when balance has been changed
 Arizen automatically downloads updates instead of you
 Windows + MacOS + Linux installation files

Swing wallet->
Wallet encryption has been temporarily disabled in ZENCash due to stability problems. A corresponding issue #1552 has been opened by the ZCash developers.

read more->https://bitcointalk.org/index.php?topic=2047435.msg22817930#msg22817930

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carap
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November 22, 2017, 09:32:40 AM
 #1250

Quote
Yes Arizen supports encryption of wallet
Aha! Why haven't I heard of this before?
Thank you for this info MedaR!

For some reason this wallet is not an option on the official website. Only Swing looks official, but I don't quite like it.

Will it be possible to use Arizen as a node? I'm not sure about that, since it looks more like a JS divven wallet (my first impression, I haven't tested it yet).

Trading robots - wrong assumptions made by beginners - https://bitcointalk.org/index.php?topic=1722689 - share your practical experiences!
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November 22, 2017, 09:36:13 AM
 #1251

if there will be very many secure nodes and not so profitable i think team will decide to give more then 3,5% for secure nodes.

In near futue popular will be segwit/atomic swap/lightning network - maybe after you start secure nodes, active marketing... will be time to add them to zencash.
Yeah!
If a change in coin count occurs for the nodes, implementing it before main net would be more respectable to investors. 
Team listens community, and everything will be taken in consideration be sure in that Team will do best for this project.
Reward of 3.5% for nodes and 42 Zens as requirement for nodes, for now everything stays same.  When we get feedbacks from system itself we will tweek it if there is need and support from the community.
Some members think that this lower number is good and many will create at least one node this way we will be best decentralized system Cool

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November 22, 2017, 09:41:08 AM
 #1252

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this lower number is good and many will create at least one node this way we will be best decentralized system
It is a fair statement, compared to other currencies. Where big investors (early buyers) own multiple nodes and maintain them within one provider (server). That doesn't add up much to the decentralization and most of network may get offline due to a hardware failure of single VPS provider.

ZEN approach is different. If someone feels like having little profit - run more nodes, simple as that. More maintenance costs will be covered by better distribution and security of separated wallets. (Easier to hack one node with 1000 coins, compared to 20 nodes of 43 coins)!

Trading robots - wrong assumptions made by beginners - https://bitcointalk.org/index.php?topic=1722689 - share your practical experiences!
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November 22, 2017, 09:44:43 AM
 #1253

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Yes Arizen supports encryption of wallet
Aha! Why haven't I heard of this before?
Thank you for this info MedaR!

For some reason this wallet is not an option on the official website. Only Swing looks official, but I don't quite like it.

Will it be possible to use Arizen as a node? I'm not sure about that, since it looks more like a JS divven wallet (my first impression, I haven't tested it yet).

Soon we will have redesigned look of web, so be patience please.
Swing wallet is good I'm using it it is fast and reliable, holds entire blockchain.
Any wallet can be used for this purpose, you just need to put these coins in an T address as a stake, do not move them!

 - > https://github.com/ZencashOfficial  Wink

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November 22, 2017, 10:50:00 AM
 #1254

Join the ZenCash community call today, find out the latest updates, and get your questions answered by the team.


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November 22, 2017, 01:47:46 PM
 #1255

if there will be very many secure nodes and not so profitable i think team will decide to give more then 3,5% for secure nodes.

In near futue popular will be segwit/atomic swap/lightning network - maybe after you start secure nodes, active marketing... will be time to add them to zencash.
Yeah!
If a change in coin count occurs for the nodes, implementing it before main net would be more respectable to investors. 
Team listens community, and everything will be taken in consideration be sure in that Team will do best for this project.
Reward of 3.5% for nodes and 42 Zens as requirement for nodes, for now everything stays same.  When we get feedbacks from system itself we will tweek it if there is need and support from the community.
Some members think that this lower number is good and many will create at least one node this way we will be best decentralized system Cool

My only issue with this people have to run, setup, maintain and troubleshoot multiple nodes which can be time consuming where it would be easier to play with just one or two. What is the tangible benefit of having 2000 nodes compared to 500 nodes especially when tx volume is so low right now? that is still a good decentralised network imo
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November 22, 2017, 06:31:58 PM
 #1256

According to the livestream today, Zencash will be switched to the mainnet on November 30th. Exciting news for the Zen team!

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November 22, 2017, 08:07:47 PM
 #1257

what that mean that supernodes will be online at 30 of these month?
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November 22, 2017, 08:32:59 PM
 #1258

what that mean that supernodes will be online at 30 of these month?
It's called secure nodes, yes on 30th November. Altough payment of 3.5% per block to secure nodes will be delayed for another two weeks and be implemented after two weeks of exceeded testing on the main net.

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November 23, 2017, 09:49:27 AM
 #1259

Tell me,what are the advantages of ZenCash in anonymity compared to Monero ?
For a start it is much cheaper, alternative to ZCash and Monero.



ZenCash allocates 88% of the block reward to miners.
The remaining 12% is shared 8.5% for the DAO and core team to fund development, outreach, and partnerships, and 3.5% is reserved for Secure Nodes which are in beta, and going main net very soon. With Secure Nodes, system based on Zero-knowledge encryption - zk-SNARKs will be upgraded to the next level.
Our goal is to become most used privacy coin. Trought constant investing and improvents, paid from our tresury, we are on right road to acomplish this.

ZenCash is platform for private transactions, messaging and publishing, and we throw accent on this.

Monero and ZenCash are different kind of projects. ZenCash is trying to create a fair system for people all around the world to participate and give equal opportunities. Everyone can participate and even become member of a team.

Knowing all this it is very hard to proclaim a winner..
Hi! thanks for the detailed answer.
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November 23, 2017, 01:56:36 PM
 #1260

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Help us reclaim /r/zencash reddit! Sadly rules of the reddit do not allow direct links, so if you want to help, you'll have to embark on a little adventure. First of all it requires an aged, active reddit account. Go to /r/redditrequest and search for Requesting /r/zencash; it was submitted 20 days ago by sugarrui. Upvote, comment, tell reddit that we need it. Thank you for your effort. And it's perfectly fine if it's a little too tedios to do, we won't hold bad feelings.

Rosario @zench1ck

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