[ANN][ZEN] Horizen: Unbounded By Design

[bel123]

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]

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!

[carap]

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!

[MedaR]

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 ? 

[MedaR]

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

[carap]

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).

[MedaR]

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

[carap]

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)!

[MedaR]

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  

[MedaR]

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

https://www.youtube.com/channel/UCQ0v_lUnZHIKUQUXJzfgqOg

[gruntle]

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

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

[krypt0n1]

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

[jelin1984]

what that mean that supernodes will be online at 30 of these month?

[Gelbstich]

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.

[LoveKamil]

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.

[MedaR]

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

[examplens]

How many secure node can be run in one IP address?

[lebamt]

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.

Thanks for detailed information. Are secure nodes better than masternodes of other coins? Or it simply a name of node and its features are almost the same.

[First1by]

How much on average does the yield come from a node per month?

[MedaR]

How many secure node can be run in one IP address?

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