Ercoin — Initial Burn Offering, proof of stake, messages, original code

[krzysiekj]

Ercoin

Ercoin is a currency with fair distribution, delegated proof of locked stake used as a consensus algorithm and Tendermint used as a consensus engine. Initial Burn Offering has been announced.

Website: https://ercoin.tech
Whitepaper: https://ercoin.tech/whitepaper.html
IBO announcement: https://ercoin.tech/news/ibo.html
Reasons to be interested in Ercoin: https://ercoin.tech/reasons.html
Main repository: https://gitlab.com/Ercoin/ercoin
IRC: #ercoin on irc.freenode.net
Telegram: ercoin_chat
Twitter: @ErcoinTech

Contributions are welcome.

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[cintrondigital]

Sounds Interesting!

[AlexHrap]

Hello Dev, I want to know anything else) Need more information, give it for us!

[krzysiekj]

Hello Dev, I want to know anything else) Need more information, give it for us!

For some background and further information, you can read a post to the Erlang mailing list. In case of questions, feel free to ask.

[strannik951159]

wallet

[vikingchild]

Hi, what is fair distribution for you? Happy to see more PoS coins hitting the market. They are better for the environment And easier for anyone to get started with.

How will people get the coins? Through airdrops?

[kuky004]

Expect more updates

[TeraBite]

What is distribution plan for this coin looking forward to know more in details. What is idea behind this project on which thing you will focus to promote this project. How many coins will be available for distribution.

[BTcSD]

Ercoin waiting for more details also reserved if any bounties proposed to members can't participate in mining process  . Thank you

[ECore]

Ercoin

Ercoin is an in-development proof of stake currency written in Erlang using Tendermint. Planned features:

• 100% proof of stake — no wasteful mining.
• Transaction messages.
• 1-second confirmations.
• No chain forks.
• Expirable accounts instead of unspent transaction outputs.
• Fair distribution via BlackCoin burning — no premine, no ICO.
• Accounts managed by multiple keys in arbitrary combinations.
• Transaction fees decided by consensus.

The currency has not been launched nor distributed yet.

Main repository: https://gitlab.com/Ercoin/ercoin
IRC: #ercoin on irc.freenode.net

Contributions are welcome.

Sound's well.

[krzysiekj]

Hi, what is fair distribution for you? Happy to see more PoS coins hitting the market. They are better for the environment And easier for anyone to get started with.

How will people get the coins? Through airdrops?

By fair distribution I mean a distribution in which no entity is privileged. Quoting the README: “Initial amount of coins will be distributed to addresses proportionally to the associated amounts of BlackCoin burnt in a selected time window using OP_RETURN.”. BlackCoin already has a command for creating OP_RETURN outputs. I’ve created a simple program for listing such outputs in a selected block range.

[krzysiekj]

What is distribution plan for this coin looking forward to know more in details. What is idea behind this project on which thing you will focus to promote this project. How many coins will be available for distribution.

There will be a time window (for example, blocks 1,800,000 — 1,850,00) scheduled during which people will be able to destroy their blackcoins to obtain initially distributed ercoins, proportionally to the destroyed amount. Total coin supply is not chosen yet. Marketing is yet to be worked out, though I suppose it will concentrate on features, efficient economic model and simplicity.

[Decentradical]

Oh glad I could reach the first page. 

Could you perhaps expand on the advantages of using Erlang language for coins?

[drbarber]

Interested in this. You will set a date for when we should burn blackcoin and then ercoin will be set to wallets or something?

[jokumat]

why blackcoin burning?  Why not bitcoin burning? This way you limit your reach a lot.. Looks like an internal blackcoin community affair. Possibly pump attempt

[Vyazhan]

Looks interesting

Glad a PoS currency with no max cap was choosen for this project to initiate distribution!

[vingaard]

Looks interesting

Waiting for more updates 

[Decentradical]

why blackcoin burning?  Why not bitcoin burning? This way you limit your reach a lot.. Looks like an internal blackcoin community affair. Possibly pump attempt

I'm a big Blackcoin fan but the concerns you raise are valid. Some proof of burn coins use multiple coins for the distribution and limiting it to one coin does warrant scepticism.  

The advantage of burning from multiple coins is competition. The weakness though is that the added complexity of multiple coins gives more means for manipulation. A big whale could pick a coin with the lowest volume and drive down his own entry point to get access to the burn coin. That's much harder to achieve with a single point of entry.  

Bitcoin itself is not actually that well spread. The amount of active users may be much higher but there are huge whales amongst them.  

The main reason why Blackcoin is the suggested source, as laid out in his blog, is because the protocol of Ercoin is nearly identical to Blackcoin. It's the same PoS, it's the same launch principles, the same protocol. It's practically Blackcoin written in Erlang. And this makes sense because Blackcoin is a very pristine coin in this ecosystem. There's no premine, no ICO, no developer fees on transactions or on the staking, the distribution has been completely fair and transparent.  

The reasons for using Blackcoin seem pretty obvious, but if I were an outsider I would too wonder why specifically this coin. I think it also leads to the question what exactly makes Erlang so much more valuable that it warrants a new coin. This may be personal ignorance but the added value at this moment seems quite abstract.  

Looks interesting

Glad a PoS currency with no max cap was choosen for this project to initiate distribution!

Technically there is a cap, that of Blackcoin. Though practically saying any real practical cap that would be (much) lower than Blackcoin would be bad as it would create lots of opportunities to leverage the launch. Making the potential cap go as high as it's burn source is legit, especially on a coin that's well distributed. 

[Chaikannik]

At what stage is your project?

[krzysiekj]

why blackcoin burning?  Why not bitcoin burning? This way you limit your reach a lot.. Looks like an internal blackcoin community affair. Possibly pump attempt

BlackCoin is the first free, 100% proof of stake cryptocurrency with fair distribution. It is still easier to obtain BLK than to buy mining hardware needed to participate in Bitcoin distribution.

I'm a big Blackcoin fan but the concerns you raise are valid. Some proof of burn coins use multiple coins for the distribution and limiting it to one coin does warrant scepticism.

I don’t see how initial coin distribution via burning multiple coins could be reasonably done. Let’s say that one user burns 10 BTC and another burns 10,000 BLK. How do we compare these two values?

The main reason why Blackcoin is the suggested source, as laid out in his blog, is because the protocol of Ercoin is nearly identical to Blackcoin. It's the same PoS, it's the same launch principles, the same protocol. It's practically Blackcoin written in Erlang.

From a coarse perspective, there may be some similarities, but mechanisms are fundamentally different, starting from the fact that there will be no concept of unspent transaction outputs in Ercoin.

The reasons for using Blackcoin seem pretty obvious, but if I were an outsider I would too wonder why specifically this coin. I think it also leads to the question what exactly makes Erlang so much more valuable that it warrants a new coin. This may be personal ignorance but the added value at this moment seems quite abstract.

Erlang in itself may not justify making a new coin, but it has some features which make it an attractive language for such purposes. Among them are:

• Great support for concurrency. A cryptocurrency network is a set of many nodes that send themselves messages asynchronously. This can be naturally modelled in Erlang. (Actually in case of Ercoin Tendermint mostly takes care of concurrency).
• Libraries for creating state machines. A cryptocurrency is basically a decentralized state machine.
• Bit syntax, making it easy to handle protocol messages.

Erlang is a functional language and there are other languages compiled to Erlang’s virtual machine, like LFE and Elixir (LFE is actually used in Ercoin). It is also praised for its fault tolerance and ability to achieve high uptime (with hot code reloading), which may have some significance for maintaining network nodes.

At what stage is your project?

Roughly speaking, to have a working network suitable for pre-production testing:

• a few missing things need to be implemented;
• there are some changes needed in Tendermint;
• NIST should publish a new API for their entropy beacon.

[duola9527]

I think your thread is not detailed enough, requires more information, and needs to set more rewards to attract a large number of people to participate

[krzysiekj]

First pull request to Ercoin was submitted (some minor commits have also been pushed directly to the master branch). It adds apportionment modules written in LFE (Lisp Flavoured Erlang), hence should be more-or-less understandable to people familiar with Lisp syntax.

[zhongzy]

how to fair distribution? how to join ? airdrop?

[Decentradical]

You get it through burning Blackcoin.

[krzysiekj]

I’ve established two bounties for Ercoin-related development:

• 120 BLK for adding a LFE lexer to Rouge. This will add syntax highlighting to LFE modules in GitLab.
• 125 BLK for fixing a bug with Triq plugin in erlang.mk. This will ease testing.

See the relevant issues for details.

[krzysiekj]

I’ve created a non-binding poll about which domain should Ercoin use for its website (which doesn’t exist yet).

[Vyazhan]

I’ve created a non-binding poll about which domain should Ercoin use for its website (which doesn’t exist yet).

Where is that poll?

[krzysiekj]

I’ve created a non-binding poll about which domain should Ercoin use for its website (which doesn’t exist yet).

Where is that poll?

Look at the top of this topic.

[Vyazhan]

I’ve created a non-binding poll about which domain should Ercoin use for its website (which doesn’t exist yet).

Where is that poll?

Look at the top of this topic.

Sometimes the things are literally in front of your nose Thank you!

[krzysiekj]

A simple website is now live: http://ercoin.tech. It is crude on purpose, as its aim is to provide information and it’s targeted primarily for potential contributors, not for broad audience yet.

[Decentradical]

Does accounts mean that people won't be able to mistakenly send money to a nobody's wallet?

[krzysiekj]

Does accounts mean that people won't be able to mistakenly send money to a nobody's wallet?

Yes, this is even tested.

[edindin]

sounds is good.

[krzysiekj]

Some development-related news:

Tendermint has recently added a roadmap to its repository. The first two entries are the issues that Ercoin is particularly interested in:

• “Upgrade the header to support better proves on validtors, results, evidence, and possibly more”. Relevant TODO: https://gitlab.com/Ercoin/ercoin/blob/bbc1297188da73e95c0a46196ae1a4475c8877c7/src/ercoin_abci.erl#L1728
• “Better support for injecting randomness”. Relevant issue: https://github.com/tendermint/tendermint/issues/574

The issue with Triq plugin for erlang.mk has been diagnosed. The source of the problem occured to be in Erlang itself. Bounty has been extended until November 1st, giving precedence to the person that debugged the issue.

NIST beacon page still states that “Version 2.0 of the NIST beacon is planned to be deployed in the Summer of 2017.” Not much time left then. Relevant TODO: https://gitlab.com/Ercoin/ercoin/blob/bbc1297188da73e95c0a46196ae1a4475c8877c7/src/ercoin_abci.erl#L561

[krzysiekj]

I’ve started writing a simple GUI wallet in ClojureScript. Source code is currently available at https://gitlab.com/KrzysiekJ/ercoin-wallet. Every commit is automatically built and deployed to https://krzysiekj.gitlab.io/ercoin-wallet/ (so there is already a working demo). For now, there is only account (keypair) management, without persistence, without transaction handling and without actual communication with the node (which will use WebSocket endpoint provided by Tendermint).

[krzysiekj]

Development news:

Fee deposit mechanism has been changed. Deposit has been divided into short (fees paid for current processing) and long (fees paid for long term storage). At the end of every epoch, short fee deposit and part of long fee deposit are divided between those validators that have less than 2/3 of absencies in block signatures, proportionally to their voting power. The sharp threshold intends to disincentivize censorship attacks. The whole mechanism allows to bypass/diminish issues with putting proposer into block header and injecting entropy into Tendermint. See comments in issue 952 in Tendermint for details.

Despite to what https://beacon.nist.gov/home says, version 2.0 of the NIST randomness beacon has already been relesased. I’ve submitted a merge request to Ercoin preparing ground for planting beacon-generated values.

There have been new versions of Tendermint (and ABCI) released. The newest one is 0.15.x (Ercoin currently runs on 0.14.x).

Ercoin now has continuous integration.

Issue related to Triq plugin in erlang.mk has been fixed (in Erlang; fix is not available in any of the released versions yet). I’m willing to pay part of the relevant bounty.

[krzysiekj]

Development news:

The GUI wallet now supports persistence, transaction creation (for transfer and account transaction types) and communication with Tendermint (using RPC). It can therefore be used to play with an Ercoin node.

It is now easier to run a node for testing purposes, as IPFS is no longer used to bootstrap initial state and also there is Docker support. If Docker Compose is installed, then starting a node (consisting of ABCI server and Tendermint as ABCI client) is just a matter of executing a few commands.

Tendermint has been updated to 0.17.1.

Ercoin now supports persistence, hence restarting a node doesn’t mean replaying all transactions. State is dumped to disc at the beginning of each epoch.

Note that currently the GUI wallet encodes keys using Base58, while the command line wallet uses hex encoding.

[hangnga294]

Great and promising project. Looking forward for development of the project and the implementation of the long term plan for the project. I hope that many people are interested in your project

[krzysiekj]

News

A Telegram group and a Discord channel have been created by muf18. They are not currently bridged to the official IRC channel, though it is under consideration. As a reminder, the IRC channel is bridged with the Matrix network which has many clients.

The ercoin_abci module (over 2000 lines of code) has been split into smaller ones. This will hopefully make the code more accessible to new developers.

Validators now won’t get full rewards if an epoch lasted longer than expected (this is introduced to eliminate an incentive to delay blocks and make an epoch last longer, covering more transactions).

Calculation of genesis data has been documented and implemented. The browser wallet supports creating genesis transactions.

A new transaction type for burning coins has been introduced. Also balances of expired accounts are now destroyed instead of being put into long fee deposit. This makes Ercoin a slightly deflationary currency.

Tendermint version has been upgraded to 0.20.0.

ercoin.tech is now generated using Zodiac instead of Hakyll. The main reason for that change is that there was no caching of Hakyll compilation between CI builds and as a result they used to last very long. Zodiac is a much more lightweight solution, as it depends on Make, AWK and sh instead of 3.5 GB of Hakyll binaries.

The browser wallet has become an official one and it now supports lock transaction type.

[STT]

I think your thread is not detailed enough, requires more information, and needs to set more rewards to attract a large number of people to participate

Generally needs more info, more of a hook to capture peoples attention.     First five minutes of every introduction to a new entrant is vital in settling an image going forward in peoples handle on that particular product innovation I reckon

I would vote this domain from the choices listed.    I guess this is very much a work in progress so I'm always interested in new ideas and possibilities of course, good luck.
ercoin.tech   

[krzysiekj]

News

Locked accounts are now able to designate other addresses as validators. This change means that compromising validator’s key won’t necessarily mean loss of funds. While it results in a lower incentive to protect validators’ keys, it also results in a lower incentive to crack validators (as there will be little funds to steal). Locked accounts will still have an incentive to make validators secure, as compromised validators can lower the currency value.

This change also means that stakeholders will be able to easily delegate the duty of running a validator to other entity. This opens a possibility of validators being backed by multiple stakeholders.

As a next step, entropy of validators’ drawing was reduced. There are now 20 validator slots and randomness is only used to apportion fractional parts. For a discussion of random number generator and apportionment algorithm, see a related thread on erlang-questions.

Lock time was limited to three years in regard to drawing validators. The main purpose of taking lock time into account when drawing validators is to choose validators that prefer long time appreciation of currency value over short time fee profits. Three years seem sufficient for this purpose.

Tendermint was upgraded to 0.21.0 (this involves only changing port numbers).

[krzysiekj]

Ercoin now has a logo.

[muleroaa]

Ercoin now has a logo.

It looks very....vintage

Might be an idea to hire a logo designer at some point, in exchange for some Ercoin of course!

[krzysiekj]

Ercoin now has a logo.

It looks very....vintage

Might be an idea to hire a logo designer at some point, in exchange for some Ercoin of course!

I agree. For now the priority is to have some logo and this one is not created by a professional. Since there is no ICO and no premine, hiring a designer will likely require a sponsor. Another option is to pay someone to only polish the existing design.

[krzysiekj]

The browser wallet now supports changing format of binary serialization (affecting addresses, private keys and transactions) on the fly, offering four options:

• Base58
• Base64
• Hex
• Raw bytes

[krzysiekj]

Ercoin now has a Twitter account: @ErcoinTech.

[Ngonline]

Did you planned to do airdrop or bounty ?

[krzysiekj]

Did you planned to do airdrop or bounty ?

Two bounties have been already announced (listed on ercoin.tech, paid in BLK as Ercoin is not launched yet) and there may be more in the future. No plans to do an airdrop.

[krzysiekj]

The browser wallet now supports eight currency units, based on decimal prefixes. The smallest possible unit is currently nanoercoin (nERN). An Ercoin node operates only on nanoercoins and treats it as a basic unit.

[krzysiekj]

ercoin.tech has now SSL encryption and there is also a news feed. It is intended to be rather low volume and can be used in particular to watch for the announcement of burning period.

There are also syndication feeds on GitLab which can be used to track activity in repositories.

[krzysiekj]

Laboratorium EE has released a tool which visualizes initial burn offerings, featuring Ercoin and Blacknet.

[krzysiekj]

Big change was implemented recently which changes method of measuring time in Ercoin from block height to timestamps. It comes from the fact that time between blocks is not enforced by consensus in Tendermint. Besides making data structures more natural and the usage simpler, it allows to abandon creating blocks every n seconds regardless of whether there are transactions present or not. If there are no transactions, blocks are created much rarer than when transactions are present. This reduces blockchain size without impacting confirmation time.

The browser wallet now supports timestamps, with some tools to display and edit them nicely in various contexts. The command line wallet has been obsoleted.

To make the feature of delaying block creation when there are no transactions actually possible, Tendermint needs to stop creating blocks if app hash changes. See issue #1909 for details.

[krzysiekj]

It is now possible to list committed transactions in the wallet (using a simple search form). The following data is displayed:

• Block height.
• Transaction hash.
• Transaction type (transfer, account, lock, vote, burn).
• “From” address.
• “To” address (if relevant).
• Valid until / locked until (if relevant).
• Value (if relevant).
• Fee.
• Message (if relevant).

To make this work, Tendermint must be configured to index “from” and “to” tags (either set [tx_index] → index_tags to contain “from,to” or [tx_index] → index_all_tags to true).

Currently there is a discrepancy in regard to messages, as transaction creation form treats messages as strings (which are later encoded using UTF-8), but transaction list displays them as binaries. This probably should be configurable.

[krzysiekj]

New wallet design with improved transaction creation and broadcasting is live at https://ercoin.gitlab.io/ercoin-browser-wallet/. Impressions?

[jino10]

when to start IBO, waitting....

[krzysiekj]

when to start IBO, waitting....

Below are some actions which are desired/possible to happen before announcing the IBO.

• Announcing a public testnet.
• Talking to potential exchanges (after announcing the testnet).
• Improving the website and documentation (maybe writing a whitepaper substitute).
• Waiting until Tendermint is production ready. Speaking of that, there are only 4 open issues left in the “launch” milestone (with 42 closed).

[jino10]

when to start IBO, waitting....

Below are some actions which are desired/possible to happen before announcing the IBO.

• Announcing a public testnet.
• Talking to potential exchanges (after announcing the testnet).
• Improving the website and documentation (maybe writing a whitepaper substitute).
• Waiting until Tendermint is production ready. Speaking of that, there are only 4 open issues left in the “launch” milestone (with 42 closed).

Thank you for your reply.Looking forward to know more about your project. 

[muleroaa]

when to start IBO, waitting....

Below are some actions which are desired/possible to happen before announcing the IBO.

• Announcing a public testnet.
• Talking to potential exchanges (after announcing the testnet).
• Improving the website and documentation (maybe writing a whitepaper substitute).
• Waiting until Tendermint is production ready. Speaking of that, there are only 4 open issues left in the “launch” milestone (with 42 closed).

This has been a long time in the making. Looking forward to see it come to life!

[krzysiekj]

Ercoin 0.1.0 has been released. The test network is scheduled to launch at 6 P.M. UTC on Friday, 29 March. Read the full announcement at https://ercoin.tech/news/ercoin-0.1.0.html .

[krzysiekj]

Version 0.1.1 has been released which updates the entropy library. Launch of the test network will happen using a newly-generated genesis data which uses real entropy instead of the dummy one.

[Buttermellow]

Version 0.1.1 has been released which updates the entropy library. Launch of the test network will happen using a newly-generated genesis data which uses real entropy instead of the dummy one.

Wow, this projects sure to keep a good job professionally being done by the team. This should how a team work in a crowdfunded project. As we all know that the trust given from the investors is very important for they can turn the project into a good use after having a good and establish projects functionality. Anyway, congrats to the team and its investors.

[muleroaa]

Version 0.1.1 has been released which updates the entropy library. Launch of the test network will happen using a newly-generated genesis data which uses real entropy instead of the dummy one.

Nice one, things are moving! Looking forward to the IBO announcement

[honghaisea]

This post will be hot, because this post was marked by the group of btc12, indicating that this project has received the attention of the group of btc12, and it may be the next investment object of the group of btc12.
 cyberhacker is my faith

[coloredcoin]

when for IBO? and why choose a abandoned blackcoin

[krzysiekj]

when for IBO? and why choose a abandoned blackcoin

See the announcement at https://ercoin.tech/news/ercoin-0.1.0.html for factors impacting the release date. In regard to BlackCoin, it is the first free, 100% proof of stake cryptocurrency with fair distribution. (Besides that, one of the wallets has a command for burning coins).

See also the post below.

[krzysiekj]

I’ve started a thread on the Bisq forum about adding Ercoin IBO as a payment method: https://bisq.community/t/best-way-to-add-an-ibo/7477 . If this ends successfully, it will allow participating in the IBO via purchasing burnt blackcoins for bitcoins on Bisq, without even installing a BlackCoin wallet.

[coloredcoin]

when for IBO? and why choose a abandoned blackcoin

See the announcement at https://ercoin.tech/news/ercoin-0.1.0.html for factors impacting the release date. In regard to BlackCoin, it is the first free, 100% proof of stake cryptocurrency with fair distribution. (Besides that, one of the wallets has a command for burning coins).

See also the post below.

Thanks for your reply,but still not get when for IBO.

[krzysiekj]

Wallet has been extended to allow searching transactions by hash, height and by “from” and “to” separately. Conditions can be combined using conjuctions (Tendermint doesn’t currently support alternatives). Previous behaviour of making two queries to retrieve both “from” and “to” transactions has not been preserved.

[krzysiekj]

Does accounts mean that people won't be able to mistakenly send money to a nobody's wallet?

Yes, this is even tested.

Since the recent removal of manual account management in favor of automatic account management and “garbage collection” (see commits c00055aa, 09a6e247 and c09f344c) this is no longer true. Now, we could theoretically create a switch in transfer transaction that says “this transaction is valid only if the destination account exists”, but it would not guarantee anything, as destination account could had been created previously by mistake and by somebody else. Therefore I’m leaning towards not implementing this, in favor of simplicity.

To do it well, we could introduce a concept of “verified accounts” — accounts from which there has been at least one transaction. However I presume that there is little demand to do it before launch…?

[krzysiekj]

In the day of climate strike it is worth to remind that Initial Burn Offering is “green” in the sense that it involves destroying virtual resources, not real-world electricity. CO₂ savings can be estimated using a tool provided by Laboratorium EE.

[krzysiekj]

Initial Burn Offering has been announced.

[krzysiekj]

Version 1.0.0 beta 1 has been released.

[krzysiekj]

Bug bounty programme has been announced, with rewards up to $1,000. Note that there is also a separate bug bounty programme for Tendermint, with even higher possible rewards.

[krzysiekj]

For IBO:

Step 2: Create genesis transaction
Go to the “Genesis” tab in the wallet and create a genesis transaction.

Address drop-down box is empty,can not select or fill, and click 'Generate' button,nothing happens.

The step2 can not process now?

Have you created an account (with non-empty label) in step 1? Which browser do you use?

[krzysiekj]

Press release for the Initial Burn Offering has been published.

[krzysiekj]

17 reasons to be interested in Ercoin: https://ercoin.tech/reasons.html

[krzysiekj]

Questions & answers: https://ercoin.tech/questions-and-answers.html

[krzysiekj]

IBO is ongoing, transactions can be viewed on https://ibo.laboratorium.ee.

There is a problem with BlackCoin More wallet creating burn transactions, but not broadcasting them. It can be resolved by setting -datacarriersize option to a higher value (150 should be sufficient). A new version of More which changes the default value is expected to be released on Monday.

[krzysiekj]

Over one million blackcoins were burnt during the first week of the IBO.

[krzysiekj]

I’ve written a proof of concept of a serverless ebook store with delivery by email and orders placed by making Ercoin payments. Despite of not using any payment-specific libraries, it took just 42 lines of Ruby code. https://jurewicz.org.pl/en/blog/2019/11/26/a-serverless-ebook-store/

[Buchi-88]

Blackcoin More has been updated to version v2.13.2.4. This version includes the Burn RPC call for the optional IBO for @ErcoinTech

Get it at: https://blackcoinmore.org #blackcoin #blk

https://twitter.com/BlackcoinOrg/status/1191408676105441280

Thanks, but one question befor burn. The Wallet has any security future for the burn? when i burn and the hash is false all burned tokens are lose?

Alsocommand: burn <amount>

the BLK are lose or hash with one missed charakter and the blk losed?

How is the ratio?

[krzysiekj]

Thanks, but one question befor burn. The Wallet has any security future for the burn? when i burn and the hash is false all burned tokens are lose?

Alsocommand: burn <amount>

the BLK are lose or hash with one missed charakter and the blk losed?

How is the ratio?

I’m not sure what will happen in the case of 1 missing character (in hex binary each byte is represented by 2 characters), but generally speaking, if the associated data is invalid, then expect those funds to be “lost”. If in doubt, I suggest to consider doing the following: first burn a small amount (like 3 BLK) and check that everything is ok. Then either burn the rest of what you want to burn in one burn or, if you want to be extra careful, divide this into many small burns.

Speaking of the ratio, the total number of ercoins created will be 2.6 billion and the distribution will be made proportionally to the amount of blackcoins burnt. Therefore the BLK-ERN ratio will depend on the total number of BLKs burnt and it is not possible to tell it in advance.

[krzysiekj]

The browser wallet is now available in Russian. / Бpayзepный кoшeлeк дocтyпeн нa pyccкoм языкe.

[CosaNostra]

Hi guys and girls! Why so quiet here? When start?

[maxpower666]

Hi guys and girls! Why so quiet here? When start?

more info https://gitlab.com/Ercoin/ercoin/issues/8

discussion on telegram

[krzysiekj]

Other possible reason for delaying the launch is the upcoming release of Tendermint 0.33, which brings some breaking changes: https://gitlab.com/Ercoin/ercoin/issues/9

[krzysiekj]

The browser wallet is now available in Ukrainian. / Бpayзepний гaмaнeць дocтyпний нa yкpaїнcкiй мoвi.

[WhatDisk]

 ;)What's the progress now

[krzysiekj]

Ercoin 1.0.0 has been released. The launch of the main network is scheduled to happen on 2020-01-23 00:00:00 UTC.

[krzysiekj]

To facilitate initial network connectivity, I’m going to run a public relay node. Note that it will be relay only: it will not expose an API and therefore it will not be suitable for connecting a wallet. Its address will be:

f5933777f1f76e649d273f72c3945e2f51ba6ffb@relay-only.ercoin.pl:26656

[krzysiekj]

The main network is live!

[Buchi-88]

The main network is live!

Hello, when i login at the Web Wallet (Brower wallet) and will connect always i become this message "Error communicating with server."?

[krzysiekj]

Hello, when i login at the Web Wallet (Brower wallet) and will connect always i become this message "Error communicating with server."?

Check the RPC Endpoint in settings. By default it is http://localhost:26657 , which is valid if you’re running a local node. If you’re not running a local node, then you may want to connect to some external node (there is no official one). Note that the browser wallet does not perform blockchain validation itself, so it is important to choose a reliable node.

[Buchi-88]

Hello, when i login at the Web Wallet (Brower wallet) and will connect always i become this message "Error communicating with server."?

Check the RPC Endpoint in settings. By default it is http://localhost:26657 , which is valid if you’re running a local node. If you’re not running a local node, then you may want to connect to some external node (there is no official one). Note that the browser wallet does not perform blockchain validation itself, so it is important to choose a reliable node.

Hello,

thanks for the answer and i will try this week, you already plan a Core Wallet for Ercoin? Or you have a FAQ to connect the Web Wallet to the Mainnet?

regards

[krzysiekj]

thanks for the answer and i will try this week, you already plan a Core Wallet for Ercoin? Or you have a FAQ to connect the Web Wallet to the Mainnet?

Wallets and nodes are currently separate and I don’t see it changing anytime soon — besides technical reasons, it givers users flexibility by allowing them to either run a node on their own or delegate this duty to some other entity. One public node has already been announced on the Telegram group. I agree that this should question should be covered in FAQ.

[octa.space]

This is a non official API node: https://ercoin.octa.space (already announced in telegram channel)
Feel free to use it and contact me in case of some problems with it

[krzysiekj]

Ercoin 1.0.1 has been released. This version fixes a bug which under some circumstances could cause old votes to reappear. Starting from the third epoch (third week of Ercoin operation), it may affect generated application hashes; nodes are encouraged to upgrade beforehand. Wallets should be unaffected.

[krzysiekj]

New community links on ercoin.tech:

• an Android wallet;
• Mail Flagger;
• ern_reactor.

[Buchi-88]

This is a non official API node: https://ercoin.octa.space (already announced in telegram channel)
Feel free to use it and contact me in case of some problems with it

When i try to write your address at RPC endpoint: https://ercoin.octa.space

Error communicating with server.

 

[krzysiekj]

When i try to write your address at RPC endpoint: https://ercoin.octa.space

Error communicating with server.

 

Unfortunately, that endpoint seems to be down for some time — there is currently no DNS record for ercoin.octa.space. (The Ercoin network itself is alive).

[Buchi-88]

When i try to write your address at RPC endpoint: https://ercoin.octa.space

Error communicating with server.

 

Unfortunately, that endpoint seems to be down for some time — there is currently no DNS record for ercoin.octa.space. (The Ercoin network itself is alive).

Thank you, also at time the Web Wallet is offline and i can't show my amount?

[krzysiekj]

Thank you, also at time the Web Wallet is offline and i can't show my amount?

The web wallet communicates with the node specified in the configuration, it doesn’t run its own node. So if that external node is down, then things like balance checking and transaction broadcasting won’t work (that of course doesn’t impact the funds).

[krzysiekj]

Ercoin 1.0.2 has been released. This version adds support for a situation when there are no voters for the next set of validators, in which case the current set of validators is extended onto the next epoch. Since this is a pathological case, we treat it as an emergency workaround to let the chain run, expecting the normal voting process to be resumed.

All nodes need to upgrade.