Bitcoin Forum
October 20, 2018, 06:00:20 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 92 »
  Print  
Author Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency  (Read 41137 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 14, 2017, 07:34:28 AM
Merited by Koger (5)
 #1





Introduction


Stone will be the first DAG (direct acylic graph) data-structured digital currency with private transactions, allowing instant, fee-less anonymous transaction with high scaling (up to 7,000txs per second) Stone will be forked from the RaiBlocks codebase, whilst the chain is not near completion as it currently stands and it just myself who will be working on the project, i do not offer high quality illustrations & impressive marketing, what i do offer, however is highly scalable, private, instant a fee-less transactions, all on a decentralized network once the project is complete



Work Ethics


What i can promise you

  • Dedication
  • Constant updates
  • a finished product
  • a quality product delivered in a timely manner


What i cannot promise you


  • Exchange listings
  • Price increases
  • Advertising
  • False hype
  • An unfinished product, i always complete a project in time.



This pre-announcement is merely just the beginning of a long path, the stepping stone for a great advance in an already amazing pre-existing technology. I cannot express enough respect Colin and his innovative idea which has solved the blockchain debacle, a incredible amount of work and dedication has gone it to his project and Stone will never discredit his efforts.


Methodology


I've been experimenting with the idea of using zkSNARKs, similar to the tech used in the ZCash cryptocurrency, this will prove to be a challenge since we are no longer using a blockchain, we are using a DAG.


From my findings with drafts between the balanced-weighted vote & sk-SNARKs, unfortunately the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & z-addresses (zStone), with an exact exchange between paired wallets for a private untraceable transaction. My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have received the zStone as it was transacted off-chain.

                           OFF-CHAIN
        Bob                    ->           Alice
(zStone) Transactions    ->    (zStone)  Received


                              SWAP
         Alice                    ->            Ted (Node)      ->          Alice
(zStone) Swap 1:1        ->            Receive/Send       ->    (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.

Apologies in advance for the rough draft schematics, this is not anywhere near complete and is subject to change.

zStone would not be a separate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.



Beautiful splash screen mock up work by rmena123




a very short summary, zkSNARKs have 4 main ingredients:


A) Encoding as a polynomial problem


The program that is to be checked is compiled into a quadratic equation of polynomials: t(x) h(x) = w(x) v(x), where the equality holds if and only if the program is computed correctly. The prover wants to convince the verifier that this equality holds.


B) Succinctness by random sampling


The verifier chooses a secret evaluation point s to reduce the problem from multiplying polynomials and verifying polynomial function equality to simple multiplication and equality check on numbers: t(s)h(s) = w(s)v(s)


This reduces both the proof size and the verification time tremendously.


C) Homomorphic encoding / encryption


An encoding/encryption function E is used that has some homomorphic properties (but is not fully homomorphic, something that is not yet practical). This allows the prover to compute E(t(s)), E(h(s)), E(w(s)), E(v(s)) without knowing s, she only knows E(s) and some other helpful encrypted values.


D) Zero Knowledge


The prover permutes the values E(t(s)), E(h(s)), E(w(s)), E(v(s)) by multiplying with a number so that the verifier can still check their correct structure without knowing the actual encoded values.


The very rough idea is that checking t(s)h(s) = w(s)v(s) is identical to checking t(s)h(s) k = w(s)v(s) k for a random secret number k (which is not zero), with the difference that if you are sent only the numbers (t(s)h(s) k) and (w(s)v(s) k), it is impossible to derive t(s)h(s) or w(s)v(s).

(Christian Reitwiessner 2016)


Wallet design by Apocabal

Splash screen:


Overview:



Distribution


Update 22/01/18
As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (if any)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund




Whilst i do not wish to run a crowdsale, donations are welcome and will go towards my efforts in development. Donators will be noted in a database & published alongside Stone's main announcement, your assistance will not go unnoticed, depending on the distribution method selected as a community, donators may be included as a portion of distribution, we must first select method of distribution and work from there. For now donations should be treated as exactly that, donations.
















Please note, this announcement thread is a pre-ann and is not complete, i will update as the project progresses.






References:
RaiBlocks Announcement: https://bitcointalk.org/index.php?topic=1381323.0
RaiBlocks whitepaper: https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf
zkSNARKs: https://blog.ethereum.org/2016/12/05/zksnarks-in-a-nutshell/
Bitcoin: https://bitcoin.org/bitcoin.pdf
DAG: https://en.wikipedia.org/wiki/Transitive_reduction

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
kamiyama
Sr. Member
****
Offline Offline

Activity: 728
Merit: 251



View Profile
December 14, 2017, 07:51:01 AM
 #2

self-moderated. Why is that?

NANO

Instant transactions   Zero fees   Infinitely scalable
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 14, 2017, 08:20:41 AM
 #3

self-moderated. Why is that?

Hi there , For the same reason most projects self-moderate, to prevent spam & fud.

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
monsanto
Legendary
*
Offline Offline

Activity: 1232
Merit: 1004


..like bright metal on a sullen ground.


View Profile
December 14, 2017, 08:47:17 AM
 #4

I've been meaning to learn more about DAG protocols and also zkSNARKs, so now I can do both in one place  Smiley. Gonna be watching this one.

this note's for you.
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 14, 2017, 08:57:22 AM
 #5

I've been meaning to learn more about DAG protocols and also zkSNARKs, so now I can do both in one place  Smiley. Gonna be watching this one.
I appreciate your support, i will do my best to educate not only myself but others around me of these protocols & technologies along the way.

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
gold969
Sr. Member
****
Offline Offline

Activity: 742
Merit: 251


about.me/bill.djons


View Profile
December 14, 2017, 09:10:29 AM
 #6


 RaiBlocks is an interesting coin, I've been doing it since February this year, but how much do I remember they have a problem with the wallet? are you from the team? what exactly do you want to change? or just a fork? and the moderated branch will only push you away. (I think only if the Russian branch  Grin)

█  ▄▄▄  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ▀▀▀  █
█  ▄▄▄  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ▀▀▀  █
R  E  P  U  B  L  I  A
PRE-SALE :  23.08 - 23.09
█  ▄▄▄  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ▀▀▀  █


█  █
█  █
█  █
█  █
█  █
█  █
█  █
█  █
█  █
   █
   █
Highly Efficient Technology
Secure & Transparent
Full Democracy
█  ▄▄▄  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ███  █
█  ▀▀▀  █
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 14, 2017, 09:19:10 AM
 #7


 RaiBlocks is an interesting coin, I've been doing it since February this year, but how much do I remember they have a problem with the wallet? are you from the team? what exactly do you want to change? or just a fork? and the moderated branch will only push you away. (I think only if the Russian branch  Grin)
Correct, it's an extremely interesting creation by Colin, and i do believe DAG based currencies will be the future, which is why i am starting work on the first optional-anonymous based DAG, i am not from the RaiBlocks team, Stone will be a fork, the first fork to my knowledge.

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
herfie.chen
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
December 14, 2017, 09:20:00 AM
 #8

I think this is great project, do you have another information about this project like website, roadmap and whitepaper?

bruges
Jr. Member
*
Offline Offline

Activity: 95
Merit: 5


View Profile
December 14, 2017, 10:18:55 AM
 #9

Link to the github?
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 14, 2017, 01:16:18 PM
 #10

I think this is great project, do you have another information about this project like website, roadmap and whitepaper?

Hi, this is a pre-ann, so its a stripped down version lacking all the fluff. I'm not attempting to sell a product, so i feel there is need to create hype whitepapers + website's at the moment, the code  will speak for itself, after there's a working version, we will focus on advertising.

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
dzkrb1966
Full Member
***
Online Online

Activity: 434
Merit: 109


GIF by SOCIFI


View Profile
December 14, 2017, 01:26:25 PM
 #11

The key concept in your project is a free instant transaction. If it falls on the leading stock exchanges, the transport of funds between exchanges and purses will be carried out through this coin. But, how will the services of the master classes be paid?

fudster
Sr. Member
****
Offline Offline

Activity: 644
Merit: 251


JOIN THE NEXT MEGATREND IN CRYPTO!


View Profile
December 14, 2017, 02:08:36 PM
 #12

We can't just take your word though. Circumstances I think needs precautions Cheesy Is there an escrow that you think can help you have the funds which will be  released every time is needed? Multisig of course. We all know the scammers attempt here so that's just a fair condition. Hope this don't get deleted. Crossfingers!

|


      █████████████▅▄
     ██████████████▅▄
                  ██▆
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                   ███
                  ███
 ██████████████████▀
██████████████████▀



 ███████████
█████████████




█████████████
█████████████




█████████████
 ███████████



   ▆████████████████
 ▆▆████████████████
███▀
███
███
███▄
 ▀▀███████████████▆▄
  ▀███████████████▅▄
                 ▀███
                  ███
                  ███
                ▄████
 █████████████████▀▀
 █████████████████▀



███
███
███
███
███
███
███
███
███
███
███
███
███
███



   ▆███████████
 ▆▆███████████
███▀
███
███
███
███
███
███
███
███
███▄
 ▀▀█████████████
  ▀█████████████



   ▆████████████▆
 ▆▆█████████████▆▆
███▀             ▀███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███               ███
███▄             ▄███
 ▀▀███████████████▀▀
  ▀███████████████▀
|
vsh
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
December 14, 2017, 04:14:31 PM
 #13

Do you need help with making it? I'd like to give a hand on a few simpler tasks.
btcdee
Sr. Member
****
Offline Offline

Activity: 409
Merit: 253


View Profile
December 14, 2017, 04:38:33 PM
 #14

I agree that DAG is the future. However, have you considered joining the Raiblocks team to help develop privacy solutions? It seems to me that we should concentrate our efforts to gather the best team around this great technology.

Saying that, I love the name STONE and it's logo. Sounds a way better brand than raiblocks to me.
Will you be setting up a twitter account or a telegram announcements group? It would be great for those of us who want to follow this project closely.

EDIT: one more question... Byteball, another DAG cryptocurrency already has it's own privacy solution in the form of Blackbites. In what way will your coin have an advantage over it (besides being fee-less)?
Selsonblue
Hero Member
*****
Offline Offline

Activity: 639
Merit: 500

PM for FAST Russian Translations


View Profile
December 14, 2017, 05:37:48 PM
 #15

Good idea. It will be popular for sure.

I just wish people would contact the main project and suggest the idea before forking off to another project.

We can accomplish more together folks.  Kiss

███████████████████████
███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███
███  ▄▄▄▄▄▄▄▄▄▄▄▄▄  ███
███  █████████████  ███
███  ███       ███  ███
███  ███  ████████  ███
███  ███  ▀▀▀▀▀▀▀▀  ███
███  ███▄▄▄▄▄▄▄▄▄▄▄▄███
███  ██████████████████
███
███  ██████████████████
███  ███▀▀▀▀▀▀▀▀▀▀▀▀███
███  ███  ▄▄▄▄▄▄▄▄  ███
███  ███  ████████  ███
███  ███       ███  ███
███  █████████████  ███
███  ▀▀▀▀▀▀▀▀▀▀▀▀▀  ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
███████████████████████


    ████▀
█  ███▀  ▀
█  ██▀  ▀
█  █▀  ▀
█  ▀  ▀
█  ▄  ▄
█  █▄  ▄
█  ██▄  ▄
█  ███▄  ▄
    ████▄


  ▀████
▀  ▀███  █
  ▀  ▀██  █
    ▀  ▀█  █
      ▀  ▀  █
      ▄  ▄  █
    ▄  ▄█  █
  ▄  ▄██  █
▄  ▄███  █
  ▄████
luguang
Full Member
***
Offline Offline

Activity: 162
Merit: 100


B2B - Find, Connect, Trade


View Profile
December 14, 2017, 07:23:43 PM
 #16

Interesting concepts and have some innovative functions. the hard work of dev is worth encouraging and appreciating. hope it will be successful.

bloodyvio
Full Member
***
Offline Offline

Activity: 420
Merit: 102



View Profile
December 14, 2017, 09:57:15 PM
 #17

you say "Stone will be forked from the RaiBlocks codebase"
so Stone will have the same supply like Raiblocks $XRB? around 133M (after burn) or around 300M (before burn)?

cryptodv
Hero Member
*****
Offline Offline

Activity: 938
Merit: 501


btcstakes.com


View Profile WWW
December 15, 2017, 02:56:00 AM
 #18

Interesting, need some more info from you dev and the project, I will donate some BTC to $STONE as I did for $XEL. Hope to hear some more news on this project soon. Cheers. Grin

░░░░░░░░░░░░░▄▄██▄▄░░░░░░░░░░▄▄██▄▄
░░░░░░░░░░░▄▄██████▄▄░░░░░░▄▄██████▄▄
░░░░░░░░░▄████████████▄░░▄████████████▄
░░░░░░░░█▄▀█████████████████████████▀▄█
░░░░░░░░███▄▀█████████████████████▀▄███
░░░░░░░░█████▄▀█████████████████▀▄█████
░░░░░░░░███████▄▄▀███████████▀▄▄███████
░░░░░░░░██████████▄▄▀█████▀▄▄██████████
░░░░░░░░█████████████▄▀█▀▄█████████████
░░░░░░░░▀▀█████████████░░████████████▀▀
░░░░░░░░░░░▀▀██████████░░██████████▀▀
░░░░░░░░░░░░░▀▀████████░░████████▀▀
░░░░░░░░░░░░░░░▀███████░░███████▀
░░░░░░░░░░░░░░░░███████░░███████
░░░░░░░░░░░░░░░░███████░░███████
░░░░░░░░░░░░░░░░███████░░███████
░░░░░░░░░░░░░░░░▀██████░░██████▀
░░░░░░░░░░░░░░░░░░░▀███░░███▀
░░░░░░░░░░░░░░░░░░░░░▀█░░█▀
░░░░░░░░░░░░░░░░░░



.

TEMCO

.
.
...
...
.
.
.


██████████
█░░░░░░░░█
█░▀▀▀▀▀▀░█
█░▀▀▀▀▀▀░█
█░▀▀▀▀▀▀░█
█░▀▀▀▀▀▀░█
█░▀▀▀▀▀▀░█
█░▀▀▀░░░░█
██████████


.
.


░░░░░░░░░░░░░░░░░▄▄██▄
░░░░░░░░░░░░░▄▄█▀▀░░██
░░░░░░░░░▄▄█▀▀░░░░░█▌
░░░░░▄▄█▀▀░░░▄▀░░░██
░░▄▄█▀▀░░░░▄█▀░░░▐█
░██░░░░░░▄██▀░░░█▌
░▀▀█████▀░░░░░░██
░░░██▀▀█▄▄░░░░█▌
░░░█▄░░██▀▀▀▄██
░░░█▄█▀
felixando
Copper Member
Member
**
Offline Offline

Activity: 137
Merit: 31


View Profile WWW
December 15, 2017, 04:13:01 AM
 #19

Interesting, need some more info from you dev and the project, I will donate some BTC to $STONE as I did for $XEL. Hope to hear some more news on this project soon. Cheers. Grin

Thank you, appreciate that.

you say "Stone will be forked from the RaiBlocks codebase"
so Stone will have the same supply like Raiblocks $XRB? around 133M (after burn) or around 300M (before burn)?

These details are yet to be determined, but i'm leaning towards a 100M supply cap.


Whilst we are on the subject, would anyone like to suggest a fair method of distribution? I'm not interested in large holders gaining most of the supply, i don't approve of these pump schemes. I've been pondering around a multi-method distribution, similar to a bitcoin airdrop, but with using multi currency snapshot 70% to XRB/BTC, and with the remaining 30% to donators. This is just a thought, please don't be afraid to suggest idea's.

Stone -  RaiBlocks Fork with privacy features - https://bitcointalk.org/index.php?topic=2581762
xibeijan
Legendary
*
Offline Offline

Activity: 1176
Merit: 1000


View Profile
December 15, 2017, 10:04:17 AM
 #20

Now this sounds like a good idea.

No wasting time, no marketing smoke and mirrors, just a focus on development.

How long do you think this will take?

Will you need a trusted setup with key signing like for ZCash?

I heard there is a thing called ZStarks (or something like that) that does not require the trusted setup.

Notable projects: Bitcoin, Ethereum, Semux, Dero,Wagerr, Elastic, TenX, Ardor, Quantum, Sia Storage
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 92 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!