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

[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

[1715136183]

1715136183

[1715136183]

1715136183

[1715136183]

1715136183

[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