[ANN][ZEN] Horizen: Unbounded By Design

[machamizu]

I heard that hardfork for implementation of Supernode has been postponed til 3rd week of July. Is this official announcement?

hardfork might help changing the ability to deal with serious unexpected 51% Replay Attacks in the future.
It is really a good choice of ZenCash team to fight against greedy bad guys, who tend to find a way to exploit crypto networks.

Yeah, it seems devs have several plans against 51% attack. I'm curious if that solution will be implemented with the Supernode hardfork or not.
If that is the reason of changing the date of hardfork from 1st of July, to 3rd week of July, then I can take it.

Hmm I didn't hear it, for what need this is hardfork?? How do you think price on ZenCash after hardfork will growth or will fall?

Hardfork for Supernode, change of block reward payment, and other stuff was on their plan from earlier, but 51% attack happened, so they had to work out countermeasures for that too.
I think/hope hardfork will push up the price, at least, back to $40.

[MedaR]

I heard that hardfork for implementation of Supernode has been postponed til 3rd week of July. Is this official announcement?

hardfork might help changing the ability to deal with serious unexpected 51% Replay Attacks in the future.
It is really a good choice of ZenCash team to fight against greedy bad guys, who tend to find a way to exploit crypto networks.

Hardfork will occur 3th , possibly 4th week of July.

1) We will have big change to the consensus division of block rewards, new class of nodes will be introduced - Super nodes.
Read more here: https://zencash.com/assets/files/Zen-Application-Platform-Whitepaper.pdf
To get smooth start with supernodes - which will go live in q4 of this year, benefits for staking 500 zen necessary for a Super Node will star after the fork.

2)It's still not clear what direction we will take we are studying all possibilities.
Three solutions on the table currently are to :
    1. Require block hash pointers to n > 1 blocks whenever there are parallel blocks reported on the network.
    2. Introduce a penalty metric for delayed block reporting (with a complementary option to dynamically adjust difficulty
      based on the penalty metric),
    3. To use our node system as a sort of notarization service that effectively layers proof-of-stake on top of the current
         proof-of-work.

[CryptoWaffle]

I think/hope hardfork will push up the price, at least, back to $40.

it wont

[LeGaulois]

Robert is doing an awesome job recently to introduce Zencash on Youtube. He is doing a lot of interviews-introductions and as well conferences.
And with over 50 team members working to promote zencash, the platform has a good presence online but also offline

I think/hope hardfork will push up the price, at least, back to $40.

It will happen for sure, no matter if fork or no fork

[aurangjeb]

Waiting for something above amusing here

[aurangjeb]

I want the project success Good luck guys.

[TheHas]

Robert is doing an awesome job recently to introduce Zencash on Youtube. He is doing a lot of interviews-introductions and as well conferences.
And with over 50 team members working to promote zencash, the platform has a good presence online but also offline

I think/hope hardfork will push up the price, at least, back to $40.

It will happen for sure, no matter if fork or no fork

Yeah just some nerves around the 51% attack probably, plus up to 2 hardforks over the next couple months. Change can make people a bit nervous.

However, all the changes are positive in my opinion, so definitely think it will bounce back. Also aside from the hardforks, there is so much going on with zenpub, messenger and a whole bunch of other products. Really it is a great long term project.

[iphmpmt]

Hardfork will occur 3th , possibly 4th week of July.

1) We will have big change to the consensus division of block rewards, new class of nodes will be introduced - Super nodes.
Read more here: https://zencash.com/assets/files/Zen-Application-Platform-Whitepaper.pdf
To get smooth start with supernodes - which will go live in q4 of this year, benefits for staking 500 zen necessary for a Super Node will star after the fork.

2)It's still not clear what direction we will take we are studying all possibilities.
Three solutions on the table currently are to :
    1. Require block hash pointers to n > 1 blocks whenever there are parallel blocks reported on the network.
    2. Introduce a penalty metric for delayed block reporting (with a complementary option to dynamically adjust difficulty
      based on the penalty metric),
    3. To use our node system as a sort of notarization service that effectively layers proof-of-stake on top of the current
         proof-of-work.

Big news for ZenCash community, MedaR.
In your thread, you shown detailed plan for upcoming hardfork, which planed to implement in the next month.

[MedaR]

Robert is doing an awesome job recently to introduce Zencash on Youtube. He is doing a lot of interviews-introductions and as well conferences.
And with over 50 team members working to promote zencash, the platform has a good presence online but also offline

I think/hope hardfork will push up the price, at least, back to $40.

It will happen for sure, no matter if fork or no fork

Yeah just some nerves around the 51% attack probably, plus up to 2 hardforks over the next couple months. Change can make people a bit nervous.

However, all the changes are positive in my opinion, so definitely think it will bounce back. Also aside from the hardforks, there is so much going on with zenpub, messenger and a whole bunch of other products. Really it is a great long term project.

As you said those are positive vibes, and those changes will affect all not only the price. We are moving forwards, improving this project and there is no need to be nervous. Every project have its ups and downs.

[MedaR]

ZenCash Partners With Infopulse to Build a Treasury Voting System

According to the announcement, ZenCash has a functional, proof of concept prototype of the treasury model that is currently undergoing stress testing with different loads of voters ranging from 1,000-100,000 prospective active voters.

Other R&D projects that Infopulse is helping ZenCash with include:

    Scaling protocol simulations
    ZenHide domain fronting
    ZenPub distributed file storage

https://sludgefeed.com/zencash-partners-with-infopulse-for-treasury-voting-system/

[MedaR]

Thoughts on the Rise of Equihash-capable ASICs and 51% Attacks against Equihash Blockchains

The double-spend part is extremely interesting here because in the case of the ZenCash attack, the attacker knew exactly where to hit by seemingly targeting an exchange which had set by default a low amount of confirmations before validating transfers. This enabled the attacker to double-spend funds in a comfortable enough lapse of time, while taking advantage either of their decisive edge (proprietary ASICs / rented hashpower / combination of both). At the time of writing, the cost to perform a 51% attack on ZenCash for example was estimated at cca 7800 USD/hour. Considering the theft averaged approx 500,000 USD (if not more) at the rate when the attack took place, we can see that this is still a lucrative activity very much worth the effort (from an attacker’s perspective, of course).

https://www.kamshin.com/2018/06/thoughts-on-the-rise-of-equihash-capable-asics-and-51-attacks-against-equihash-blockchains/

[Conasse]

This is exactly why Direct acyclic graph like Spectre is the best for Zencash future if we look for the long-term

[LeGaulois]

Using the nodes as notarization service look like something good to make.

[MedaR]

Using the zencash nodes as a kind of notarization service that layers POS on top of the POW seems to be something good to make.

Also I like this idea, but it up to developers team, to bring final decisions..

[MedaR]

ZenCash is not associated with Joshua Yabut in any way since June 2017. We cannot speculate or comment on his actions.

https://apnews.com/3fc5eb8b236e40a382098b7aecb81fb8

[MagicSmoker]

ZenCash is not associated with Joshua Yabut in any way since June 2017. We cannot speculate or comment on his actions.

https://apnews.com/3fc5eb8b236e40a382098b7aecb81fb8

Too bad, because that was a brazen and hilarious stunt.

[machamizu]

I heard that hardfork for implementation of Supernode has been postponed til 3rd week of July. Is this official announcement?

hardfork might help changing the ability to deal with serious unexpected 51% Replay Attacks in the future.
It is really a good choice of ZenCash team to fight against greedy bad guys, who tend to find a way to exploit crypto networks.

Hardfork will occur 3th , possibly 4th week of July.

1) We will have big change to the consensus division of block rewards, new class of nodes will be introduced - Super nodes.
Read more here: https://zencash.com/assets/files/Zen-Application-Platform-Whitepaper.pdf
To get smooth start with supernodes - which will go live in q4 of this year, benefits for staking 500 zen necessary for a Super Node will star after the fork.

2)It's still not clear what direction we will take we are studying all possibilities.
Three solutions on the table currently are to :
    1. Require block hash pointers to n > 1 blocks whenever there are parallel blocks reported on the network.
    2. Introduce a penalty metric for delayed block reporting (with a complementary option to dynamically adjust difficulty
      based on the penalty metric),
    3. To use our node system as a sort of notarization service that effectively layers proof-of-stake on top of the current
         proof-of-work.

Thank you again for your detailed answer. I'm looking forward to hear good news on bi-weekly update this Wednesday.

[Conasse]

ZenCash is not associated with Joshua Yabut in any way since June 2017. We cannot speculate or comment on his actions.

https://apnews.com/3fc5eb8b236e40a382098b7aecb81fb8

I saw this news I don't know the person but It's funny. Still don't know why they feel the need to mention zencash in the article

[Anarchist]

hey guys

Do you think Super Nodes will come at the same time as the latest release or we will see it after?

[LeGaulois]

Surely after. They have a lot of work with the release and the testing phase. It should come soon after