[ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts

[b9ron]

I don't think any trade off exist between Energy efficient and Decentralized Network, you have to choose only one.

But, if you could generate thousand of PoW algorithm at the will in a deterministic way (based on block height or other parameters ), it will be definitely an issue for FPGA/ASIC.

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[NDS17]

Hi there,
any updates regarding when will exchange wallets be available for deposits?
Southexchange and Stockexchange wallets are still blocked... since 04/04 (at least at southexchange)! Almost 1 week passed!
Thanks in advance for reply.

[korm]

You can connect online to a daemon from wallet, for example

Code:

dero-wallet-cli.exe --daemon-host seeds.dero.io 

that would not download the BLOCKCHAIN?

We have two known nodes now

node.dero.cryptopool.space:18091

nodes.hashvault.pro:18091

now none of them work. Only me so? Can You also do node for an official pool?

[ROMANALADIN]

Apparently they used the last chance and sent all the power to the mining of the monero. After fork, the complexity of DERO increased 2.5-3 times.

[cpmcgrat]

Serena, what is your testing process for the wallet? Do you guys have an automated pipeline like Travis or Jenkins? Or is it all manual?

[--Serena--]

Serena, what is your testing process for the wallet? Do you guys have an automated pipeline like Travis or Jenkins? Or is it all manual?

Everything is heavily tested automatically then manually (repeat) before being pushed to the exchanges in the golang version

[--Serena--]

You can connect online to a daemon from wallet, for example

Code:

dero-wallet-cli.exe --daemon-host seeds.dero.io 

that would not download the BLOCKCHAIN?

We have two known nodes now

node.dero.cryptopool.space:18091

nodes.hashvault.pro:18091

now none of them work. Only me so? Can You also do node for an official pool?

We will look into adding a node like this soon

[dendy77]

Asics are more enerzy efficient.

There is no such thing like energy efficiency in crypto world .. no matter how efficient is algo, no mater how efficient is mining hw - miners will always turn on as much mining machines as allows their electricity line ;-)

in ither words .. if miner have for exampel 10kW electricity line, he turns on GPUs wich consumes 10 kW .. if he would have ASICS, he will again turn on ASICS which will neet 10kW :-) Miner will ALWAYS consume all available electricity to maximise profit - that's real truth

with asics there is just major disadvantage of centralization of hash power in hads of big companies ..

[miner.rocks]

If it's about saving energy, it's only POS.
ASIC do not solve the problem. Look at how much need for bitcoin mining.

Agree, POS is energy efficient and helps decentralization.
But at the same time, it turns off miners from project.
What about POW+POS with ASIC resistant POW?

[Coindgr]

Regarding the big spikes in hashrate in the pools, it seems pools are paying based on a PPS scheme, wouldn't improve if pools changed to PPLNS ?

[b9ron]

If it's about saving energy, it's only POS.
ASIC do not solve the problem. Look at how much need for bitcoin mining.

Agree, POS is energy efficient and helps decentralization.
But at the same time, it turns off miners from project.
What about POW+POS with ASIC resistant POW?

POS is a double scam :
- It force you to keep coins, prevent liquidity in certain way.
- POS works with trusted node only.

PoW is better the way :
- You don't have to keep all the blockchain on you computer, but you can check every transaction even further. (You don't thrust any third party)
- Create new kind of works, help the network to spread. (social thing)

Dero is interesting project because is fully decentralized. 

[Edwinc08]

If it's about saving energy, it's only POS.
ASIC do not solve the problem. Look at how much need for bitcoin mining.

Agree, POS is energy efficient and helps decentralization.
But at the same time, it turns off miners from project.
What about POW+POS with ASIC resistant POW?

POS is a double scam :
- It force you to keep coins, prevent liquidity in certain way.
- POS works with trusted node only.

PoW is better the way :
- You don't have to keep all the blockchain on you computer, but you can check every transaction even further. (You don't thrust any third party)
- Create new kind of works, help the network to spread. (social thing)

Dero is interesting project because is fully decentralized. 

It will be fully decentralized when they change the algorithm.

[ritmix]

Projects with POS is totally scam. Coins from air, without working? In my opinion any form of POS is unacceptable. I do not like ETH and never invest in because of that. Look SIGT in summer 2017. Yeah, it have very good price rise in short term. But where it now, when POW dies? If ETH go to pos, it happen with him just like with SIGT. Right now i think DERO is reliable POW project with long life and bright future. Pls do not turn it to hype with scamming and disappointing end (like Buterin wants do with ETH).

[valgandar]

I know this has nothing to do with Dero PoW and other CryptoNote ones, but personally I like Proof of Capacity.

[acryptodealer]

We respect your views, we have no problem in using any algo.
We are ready to upgrade but it would be great if we can increase network security and decrease impact on environment. There is nothing wrong in discussion.

Members pls submit your inputs:
Problem statement: Creating robust, secure, energy efficient and decentralized blockchain network.

For full thread pls see:
https://forum.dero.io/t/creating-robust-secure-energy-efficient-and-decentralized-blockchain-network/405/2

Pls consider following points before:

ASIC,FPGA,GPU,CPU mining pros/cons
Asics are more enerzy efficient.
GPU are for gamers and inefficient.
Asics brings centralization.
Asics are not available to everyone.
General available low costs asics in market, if any.
Can any algo/FPGA design help to solve the issue.
Is there any other design which can bring good solution.
Is forking every six months to combat asics feasible/good/bad.
What about hidden asics/technologies not open in market ?
Are hidden/undisclosed asics better for network than open/available asics/technology.
…
…
…

We are looking for future and would like to address this issue since beginning.
We are dedicated to the project and ready to invest time and resources to create one of the best blockchain technologies.
Looking back at the problem from 3-4 years in future.
Pls submit your views.

Its not technological problem alone as several users like @Magicsmoker commented.

Note: You need not register on forum and can reply here.

The asics coming to market is DERO's chance to absolutely steal the spotlight from all the other anon coins. Sure everyone has forked/cloned cryptoknight and tweaked it to make cryptoknight heavy/ cryptoknight lite, but I don't see many people actually innovating in a way that keeps the asics at bay once and for all.

Dero should make a algorithm that randomly generates a new algorithm each block. It sounds crazy but I have faith in the Captain's abillity to code. He was able to re-write an entire protocol in a new language in 3 months. This guy is an expert in cryptography and algorithms so creating something totally unique isn't a question of can, its a question of will or won't.

Also this algorithm shouldn't be unnecessarily fancy, it should just be an algorithm that can keep the asics at bay FOREVER. Designing this kind of algorithm will cause massive interest in dero because of the technical feat that it was to create. Most crypto dev teams aren't skilled enough to create something like this so it will really make dero shine in comparison to its competition. Then when the virtual machine is dropped on top of a network with its own super unique algorithm that has utility, everyone will sing dero's praise from the bears on the mountain top to the bees in the valley.

[--Serena--]

DERO: Privacy + Smart Contracts
Dero has written its own blockchain completely from scratch and we are on our blockchain now.  
DERO is completely new CryptoNote blockchain in Golang.
DERO is first blockchain to have complete SSL in P2P layer.
DERO will be first CryptoNote blockchain to have 500 Transactions Per Seconds on its native blockchain without any lightning networks or validators or off-blockchain solutions.
DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.

Download Pre-compiled binaries for MacOS, FreeBSD, NetBSD ,Linux, Windows, Solaris etc. from: http://seeds.dero.io/alpha/

Before you scroll further, Read  DERO article : https://medium.com/@867cryptocurrency/dero-a-new-blockchain-technology-that-brings-cryptonote-privacy-together-with-smart-contracts-4cc4972c81f8

WHITEPAPER:  https://github.com/deroproject/documentation/blob/master/WhitePaper.md
WEBSITE: https://dero.io/
FORUM : https://forum.dero.io/
EXPLORER : https://explorer.dero.io
EXPLORER : http://dero.live:8080/
TWITTER: https://twitter.com/DeroProject
POOLS LIST: https://forum.dero.io/t/dero-mining-pool-list/147
   Official Pool: http://pool.dero.live/

Exchanges & Stats:
https://stocks.exchange/trade/DERO/BTC
https://www.southxchange.com/Balance/Index/DERO
https://coincodex.com/crypto/dero/

How to join DERO Network in 2 mins?
Choose your OS and arch(32/64 bit) from MacOS,FreeBSD, NetBSD, Linux, Windows, Solaris, Raspberry Pi or any arm device etc. and download pre-compiled binaries from http://seeds.dero.io/alpha/
Start derod* and wait for sync around 20-60 mins depending on Network and CPU speed.
In Parallel start dero-wallet* and using menu create DERO address and save your seed.
Use exchange or join any pool for mining.

How to shift on new DERO blockchain:
  Choose your OS and arch(32/64 bit) from MacOS,FreeBSD, NetBSD, Linux, Windows, Solaris,Raspberry Pi or any arm device etc. and download pre-compiled binaries from http://seeds.dero.io/alpha/
Start derod* and wait for sync around 20-60 mins depending on Network and CPU speed.
Parallely start dero-wallet* and using menu re-create DERO wallet using old wallet seed.

WHY DERO AND WHY SMART CONTRACTS NEED PRIVACY ?
In very simple and few words:
Assume you design a smart contract and integrate to access/authorize a building/open a door or any other service like asset-management/tickets/shares distribution based on smart contract.
Many would not like like to share/view details of all other users/customers who used/participated/access that contract/service.
I hope you too would like transparency in contract details but would not like to share/disclose your details to rest of the world.
On DERO blockchain smart contracts details are transparent on blockchain but not user details.

Slack: https://join.slack.com/t/deroproject/shared_invite/enQtMzAwMDc5MDY4NDUzLTAzOWNjYWZmNDgxZTk1YjNiNWFiYjg1OWNiMmQ2MmUxOWRmNjNjOWM3ODAzMzE3M2RhNzBhZjUyZGQxYjQxY2U

New wallet in action.
The new wallet is menu based so there is no need for commands

[CaptDero]

Projects with POS is totally scam. Coins from air, without working? In my opinion any form of POS is unacceptable. I do not like ETH and never invest in because of that. Look SIGT in summer 2017. Yeah, it have very good price rise in short term. But where it now, when POW dies? If ETH go to pos, it happen with him just like with SIGT. Right now i think DERO is reliable POW project with long life and bright future. Pls do not turn it to hype with scamming and disappointing end (like Buterin wants do with ETH).

 Agreed till physics and law of nature changes in future.

[CaptDero]

We respect your views, we have no problem in using any algo.
We are ready to upgrade but it would be great if we can increase network security and decrease impact on environment. There is nothing wrong in discussion.

Members pls submit your inputs:
Problem statement: Creating robust, secure, energy efficient and decentralized blockchain network.

For full thread pls see:
https://forum.dero.io/t/creating-robust-secure-energy-efficient-and-decentralized-blockchain-network/405/2

Pls consider following points before:

ASIC,FPGA,GPU,CPU mining pros/cons
Asics are more enerzy efficient.
GPU are for gamers and inefficient.
Asics brings centralization.
Asics are not available to everyone.
General available low costs asics in market, if any.
Can any algo/FPGA design help to solve the issue.
Is there any other design which can bring good solution.
Is forking every six months to combat asics feasible/good/bad.
What about hidden asics/technologies not open in market ?
Are hidden/undisclosed asics better for network than open/available asics/technology.
…
…
…

We are looking for future and would like to address this issue since beginning.
We are dedicated to the project and ready to invest time and resources to create one of the best blockchain technologies.
Looking back at the problem from 3-4 years in future.
Pls submit your views.

Its not technological problem alone as several users like @Magicsmoker commented.

Note: You need not register on forum and can reply here.

The asics coming to market is DERO's chance to absolutely steal the spotlight from all the other anon coins. Sure everyone has forked/cloned cryptoknight and tweaked it to make cryptoknight heavy/ cryptoknight lite, but I don't see many people actually innovating in a way that keeps the asics at bay once and for all.

Dero should make a algorithm that randomly generates a new algorithm each block. It sounds crazy but I have faith in the Captain's abillity to code. He was able to re-write an entire protocol in a new language in 3 months. This guy is an expert in cryptography and algorithms so creating something totally unique isn't a question of can, its a question of will or won't.

Also this algorithm shouldn't be unnecessarily fancy, it should just be an algorithm that can keep the asics at bay FOREVER. Designing this kind of algorithm will cause massive interest in dero because of the technical feat that it was to create. Most crypto dev teams aren't skilled enough to create something like this so it will really make dero shine in comparison to its competition. Then when the virtual machine is dropped on top of a network with its own super unique algorithm that has utility, everyone will sing dero's praise from the bears on the mountain top to the bees in the valley.

 Will put this on the table in front of whole team for discussion.

[valgandar]

We respect your views, we have no problem in using any algo.
We are ready to upgrade but it would be great if we can increase network security and decrease impact on environment. There is nothing wrong in discussion.

Members pls submit your inputs:
Problem statement: Creating robust, secure, energy efficient and decentralized blockchain network.

For full thread pls see:
https://forum.dero.io/t/creating-robust-secure-energy-efficient-and-decentralized-blockchain-network/405/2

Pls consider following points before:

ASIC,FPGA,GPU,CPU mining pros/cons
Asics are more enerzy efficient.
GPU are for gamers and inefficient.
Asics brings centralization.
Asics are not available to everyone.
General available low costs asics in market, if any.
Can any algo/FPGA design help to solve the issue.
Is there any other design which can bring good solution.
Is forking every six months to combat asics feasible/good/bad.
What about hidden asics/technologies not open in market ?
Are hidden/undisclosed asics better for network than open/available asics/technology.
…
…
…

We are looking for future and would like to address this issue since beginning.
We are dedicated to the project and ready to invest time and resources to create one of the best blockchain technologies.
Looking back at the problem from 3-4 years in future.
Pls submit your views.

Its not technological problem alone as several users like @Magicsmoker commented.

Note: You need not register on forum and can reply here.

The asics coming to market is DERO's chance to absolutely steal the spotlight from all the other anon coins. Sure everyone has forked/cloned cryptoknight and tweaked it to make cryptoknight heavy/ cryptoknight lite, but I don't see many people actually innovating in a way that keeps the asics at bay once and for all.

Dero should make a algorithm that randomly generates a new algorithm each block. It sounds crazy but I have faith in the Captain's abillity to code. He was able to re-write an entire protocol in a new language in 3 months. This guy is an expert in cryptography and algorithms so creating something totally unique isn't a question of can, its a question of will or won't.

Also this algorithm shouldn't be unnecessarily fancy, it should just be an algorithm that can keep the asics at bay FOREVER. Designing this kind of algorithm will cause massive interest in dero because of the technical feat that it was to create. Most crypto dev teams aren't skilled enough to create something like this so it will really make dero shine in comparison to its competition. Then when the virtual machine is dropped on top of a network with its own super unique algorithm that has utility, everyone will sing dero's praise from the bears on the mountain top to the bees in the valley.

Your idea of changing algorithm on each block is quite interesting (and daring), but is it possible? Each algo change doesn't require a new release?

[korm]

Apparently they used the last chance and sent all the power to the mining of the monero. After fork, the complexity of DERO increased 2.5-3 times.

As I see, the main blow was taken by the GRAFT (low price, up to 70M netw hash) The price of the coin has only fallen even more. Change of algorithm will be 16 and then ASIC will come to new coins. Including DERO