[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency

[umran]

hi i want to donate 200 dollars how is it done in my name

[IBuyCoins]

hi i want to donate 200 dollars how is it done in my name

Everyone donating money to the dev at this stage is setting a very dangerous precedent. Why would the dev ask for donations before the code is finished ?

Why would he do that ?

I am already semi-retired from my early buys in bitcoin, now i focus on building better infrastructure for the future  generation using cryptocurrency.

Dev, please explain to us why you are asking for donations before finishing the code.

[Jester.]

hi i want to donate 200 dollars how is it done in my name

Everyone donating money to the dev at this stage is setting a very dangerous precedent. Why would the dev ask for donations before the code is finished ?

Why would he do that ?

I am already semi-retired from my early buys in bitcoin, now i focus on building better infrastructure for the future  generation using cryptocurrency.

Dev, please explain to us why you are asking for donations before finishing the code.

Donations are not mandatory, 99% of projects ask for crowdfund money before completing the project, that's the whole idea, the fund is to complete code, people don't work for free, that's hundreds of hours of work. I'm happy there is a donation option, go look at XEL and see how that worked out, all donators received x1000 returns.

it looks only 1 dev?
you know,the project should be manage by a team but not just one guy.
it 's too much work to do,update the code,spread it in the market,make it trade in exchange.
the project would be too late to finished those.

Many projects were completed with just 1 dev, Monero for instance.


As far as i can see dev is solid so far, replying to all my PM's in detail, replying to most posts, keen to get my hands on that test wallet though!  fck what the haters have to say, look at RaiBlocks 2billion dollar marketcap, Stone will be the little brother to RaiBlocks, like Litecoin was to Bitcoin.

[Kencha77]

hi i want to donate 200 dollars how is it done in my name

Everyone donating money to the dev at this stage is setting a very dangerous precedent. Why would the dev ask for donations before the code is finished ?

Why would he do that ?

I am already semi-retired from my early buys in bitcoin, now i focus on building better infrastructure for the future  generation using cryptocurrency.

Dev, please explain to us why you are asking for donations before finishing the code.

Donations are not mandatory, 99% of projects ask for crowdfund money before completing the project, that's the whole idea, the fund is to complete code, people don't work for free, that's hundreds of hours of work. I'm happy there is a donation option, go look at XEL and see how that worked out, all donators received x1000 returns.

it looks only 1 dev?
you know,the project should be manage by a team but not just one guy.
it 's too much work to do,update the code,spread it in the market,make it trade in exchange.
the project would be too late to finished those.

Many projects were completed with just 1 dev, Monero for instance.


As far as i can see dev is solid so far, replying to all my PM's in detail, replying to most posts, keen to get my hands on that test wallet though!  fck what the haters have to say, look at RaiBlocks 2billion dollar marketcap, Stone will be the little brother to RaiBlocks, like Litecoin was to Bitcoin.

Litecoin is just like a testnet for Bitcoin. I think Stone will not be the like this because Stone have different take on how to implement the DAG technology.

[Jester.]

Litecoin is just like a testnet for Bitcoin. I think Stone will not be the like this because Stone have different take on how to implement the DAG technology.

Litecoin has a different hashing algorithm to bitcoin, bitcoin actually has its own testnet! Stone might even overtake RaiBlocks with the right fundamentals applied, RaiBlocks will always be first thought, but i'm just happy i'm on board #2 of the new gen of blockchains (DAG).

[IBuyCoins]

Litecoin is just like a testnet for Bitcoin. I think Stone will not be the like this because Stone have different take on how to implement the DAG technology.

Litecoin has a different hashing algorithm to bitcoin, bitcoin actually has its own testnet! Stone might even overtake RaiBlocks with the right fundamentals applied, RaiBlocks will always be first thought, but i'm just happy i'm on board #2 of the new gen of blockchains (DAG).

Wasn't IOTA the first DAG ?

Btw, just out of curiosity, could you please point me to a few successful coin devs (not just one) who asked for donations when all they had was an ANN ?

[vsh]

Litecoin is just like a testnet for Bitcoin. I think Stone will not be the like this because Stone have different take on how to implement the DAG technology.

Litecoin has a different hashing algorithm to bitcoin, bitcoin actually has its own testnet! Stone might even overtake RaiBlocks with the right fundamentals applied, RaiBlocks will always be first thought, but i'm just happy i'm on board #2 of the new gen of blockchains (DAG).

Wasn't IOTA the first DAG ?

Btw, just out of curiosity, could you please point me to a few successful coin devs (not just one) who asked for donations when all they had was an ANN ?

Fun fact: EOS tokens are donations.

[Everipedia]

Hey felix,
What are the benefits of taking the ring signatures approach to privacy like Monero instead of zk-SNARKs? Do you think it would be easier or harder to implement from a technical standpoint?

[TheTenIsDog]

Hello Felixando,

Very interesting project and I'll watch closely this project.

I believe if you want to deliver this on time a lot of community support is needed for bouncing ideas and forming the way forward.

Also could you please kindly check your PM 

[Exterminador de Scam]

https://i.imgur.com/MWXAmrP.png



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.

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.


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)



Distribution

One big question which is still left unanswered, and may be for some time, is distribution, I am unsure of how the coin will be distributed at these early stages, but when the time comes i’m positive the community will assist with an efficient, fair solution.



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.


Bitcoin:  17rta6cBBcacwbjFuWmrCpaPDN3m4jX6et

RaiBlocks: xrb_3my3e88nzaorkhcbho91seniswjz7ksiu1ddkuuu5ue3q8exiian9ikhja4g

Ethereum: 0x4Ce0650EC058449F8b936733b12E945E443EC1bD


If you wish to donate - please send a PM the amount right beforehand so i am able to keep track of transaction ownership in my speadsheet.

Code:

:: DONATORS :: a share will distributed to all donators, as a way of saying thankyou.

hoolio  |  https://etherscan.io/tx/0x8ef0ee17988bcc55f8263d54209a695de008427a2565da112b1247df0c37ad9c
Meatstick  |  https://blockchain.info/tx/fc6e3d5dfa3ad584d36c02f330a1e05adc3fab0e5f017f1b4144e9e270d2a8ae
fallengel  |  https://blockchain.info/tx/520c6cf01b0719380fdb5dc9881ace0474cfc5251206d28e8b57485c0797da2a
tedes  |  https://blockchain.info/tx/e83ea00dda5bc56b456f59475d146113125a262000e24a9dca8798c2c1996385
vsh  |  https://etherscan.io/tx/0x5f6b2da906c116c725e7341a0380ab9f51fac39c831570b8715b70b8c9fdfb3e
rusbus  |  https://etherscan.io/tx/0x30060b45cf09adeda02f9c42fd50479140c628380ee446f75377b86dd344974e
https://etherscan.io/tx/0xa751863c6fc4937fcb8d551ea01ad978005499f97d94abe2b9385a58bb27abec
emberedsword  |  https://raiblocks.net/block/index.php?h=827BE8F22956C11B56925A2AFA87D62140F2371A5482F14C88DF8E7D9FC3BFE6
Elated  |  https://raiblocks.net/block/index.php?h=B9049F25CDC58A8A1EB0A5BE16AB0935B2F42DC737F244597E55F9692A560916
deemcdee  |  https://etherscan.io/tx/0x2dfdbf8fbf3a2f17fdc2564b4f66af1a83e827c944acbd19b720c106bdba0534
Modifeed  |   https://blockchain.info/tx/b9220112713e1d150e54f5d1e5542d608255acaa8ca91ca2fb92787e89a4d770
mohunr  |  https://raiblocks.net/block/index.php?h=39FA5FBEA3E185263762F4962FFDB27595BB8871DA1068AC4F4EAC3FA7E8CF09
vvorobets  |  https://etherscan.io/tx/0xe6fd9be6c0f94e41faaf598227683a67572eba9bd4ca3269b2fb65f290f46dda
Greyfox127  |  https://etherscan.io/tx/0x86d0bb3746e2e627fe742a09eb5531b9676bac39641de088816e1da28a61b0ee
KasaiRyane  |  https://etherscan.io/tx/0x95af89dec1223b58a86d517ca40d12ba72f67b7b00802dc8758ba7d0ddae9faa
benben22  |  https://etherscan.io/tx/0xde86eac7f84bd4d0f69f2751c1e021342d2914c066a4224df1e545306ed2edf4
gringoed  |  https://etherscan.io/tx/0xde20f2eca360c92db1e394865ad99be0260d670f19d177120f9e2af5787e7996
PerfectCoinSeeker  |  https://raiblocks.net/block/index.php?h=BE98BEFE9ED9649313EF5A9D9BD79003651C38E6EC197FF0218471BE5B1EDE83
quad002  |  https://raiblocks.net/block/index.php?h=CFFA532C870C82CC364B8F2C912EF429A778E2A1768EC34B8AE0F4FFD85F13E2
greatk  |  https://etherscan.io/tx/0x2dfdbf8fbf3a2f17fdc2564b4f66af1a83e827c944acbd19b720c106bdba0534
kfe0824  |  https://etherscan.io/tx/0x9bd076280f50de54dfc9a3042f997736d46aae094eb5544bac7abfc4f7db4a9b
mrdaltro  |  https://raiblocks.net/block/index.php?h=820C9868CDFCA05BAF2E46CEDFADADC0C2E5D70A0CB42692AC1081AF6F67A5A9
n_xion  |  https://etherscan.io/tx/0x1e31c4574e4a75f6b2f523b948c0ba990a638ac2daa3944dd8f6925fae99f73c
irfan22in  |  https://blockchain.info/tx/0cb0b6b191940496032d74f10ff8218186b14457ef7ae61c2550bd95f9d5a317
riccardop  |  https://blockchain.info/tx/c0bb46de4e2075385b362c902f4977caba17eab8c9798b35f0ef984c07ddf5e0
geostation  |  https://raiblocks.net/block/index.php?h=A431B6940DE860F867644DAC7FDA3AC9218970A12C8651E8588EA5855D1A961A
LAMNOID  |  https://etherscan.io/tx/0x45d4adde9a53c802e2216492695ec3f807dcd8530f38661aa67909e25d729735

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


Sources/Credits:
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

I'm very excited about the start of this project. As it aims to solve problems and make improvements in the Raiblocks code base, then I wanted to give some suggestions about the distribution of coins and things to implement.

1 - Since the coins are all created in a genesis block, they were created over X years for X time by X quantity, and that these coins were a form of incentive to #Stone full nodes causing the network to be robust and fast, maybe my idea needs to be reformulated but it is an example.

2 - In raibloks it is necessary a little proof of work for those who will receive the coins, only the pow of those who send is already sufficient to avoid spam and even if they try to make spam it will be useless, I think it is possible to eliminate this pow of receipt , this would increase the currency's scalability by 2x, maybe my idea needs to be reformulated but it's an example ...

3 - The reduction of ragged information in each block and an efficient pruning system, assuming that the blocks function as a merkle tree saving only the balances of each account, maybe my idea needs to be reformulated but it is an example ...

Please contact me by email: exterminadordescam@protonmail.com

If you still need donations, let me know.

[sikas69]

Hey felix,
What are the benefits of taking the ring signatures approach to privacy like Monero instead of zk-SNARKs? Do you think it would be easier or harder to implement from a technical standpoint?

 id like to know the answer to this too

Monero has better privacy right?

[sprinkles]

Will try and keep an eye on how this progresses.

[Myavas72]

Hey,

Sorry in advance for the 'noob' questions.
It's just some basic information I need.

If this coin will come out, will this theoretically start at 0$ market cap? (No pre-mine, no ICO?)
Where will this coin be available to buy?
Any airdrops soon?
What can we do as a community to help?

Thanks

[PrinceOfPersia711]

Hey Felixando,

I made a donation towards development of this amazing project.
Here is my tx id:
https://blockchain.info/tx/dc02ed181a6c79a5f6ed191252d4c43574dacf3639244f552e5c877c9a83d178

I will make another donation when there is some progress

Quite the donation for a project that has very little concrete information yet.

This is the coin of my dreams, it's worth supporting lol.

[GTTIGER]

Hello Stone community,
I'm working on a similar project and would like to contribute to this project.
www.iopay.org
As a payment system like this do you believe this name can contribute to stones success?
I could also help building the community to 100000+ members before an airdrop so distribution is fair.

https://iopay.wpengine.com
(mock up site)

my email address is d@11pty.com

What's your thoughts???

Cool!

[PerfectCoinSeeker]

Hello Stone community,
I'm working on a similar project and would like to contribute to this project.
www.iopay.org
As a payment system like this do you believe this name can contribute to stones success?
I could also help building the community to 100000+ members before an airdrop so distribution is fair.

https://iopay.wpengine.com
(mock up site)

my email address is d@11pty.com

What's your thoughts???

The community would have to vote on any rebrand. Would the currency units be ios, mios, nios, etc?

[xibeijan]

Hey Felixando,

I made a donation towards development of this amazing project.
Here is my tx id:
https://blockchain.info/tx/dc02ed181a6c79a5f6ed191252d4c43574dacf3639244f552e5c877c9a83d178

I will make another donation when there is some progress

Quite the donation for a project that has very little concrete information yet.

This is the coin of my dreams, it's worth supporting lol.

Another fresh account.  Quite concerned this could be a scam.  Could be a good project, but watch carefully.  No yet convinced.  Very little discussion from dev.  Guys be careful.

[IBuyCoins]

Hey Felixando,

I made a donation towards development of this amazing project.
Here is my tx id:
https://blockchain.info/tx/dc02ed181a6c79a5f6ed191252d4c43574dacf3639244f552e5c877c9a83d178

I will make another donation when there is some progress

Quite the donation for a project that has very little concrete information yet.

This is the coin of my dreams, it's worth supporting lol.

Another fresh account.  Quite concerned this could be a scam.  Could be a good project, but watch carefully.  No yet convinced.  Very little discussion from dev.  Guys be careful.

+1 I want to believe in STONE but we need to stay patient and be careful.

It's quite ironic when you think about it though: if the dev is not serious and disappears with the donations, he will make a lot less money than if he actually delivers.

[MrAhab]

Watching.

And I will donate 1 eth worth in about a month's time once I get my paycheck from my new copywriting job(perhaps sooner, depends how much I put into xby)

P.s. Not all new accounts are bullshit....

[ZEEBZ989]

P.s. Not all new accounts are bullshit....

Yea!