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

[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.

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[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/