🌟🚀 [Pre-ANN] AZULIK: adding privacy to DAG fee-less instant transactions 🌟🚀

[gotojedi]

How do I donate? Just send coins to your address? Or do you want me to leave a message to you?

Please let me know.

[1714760996]

1714760996

[1714760996]

1714760996

[1714760996]

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[1714760996]

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[AzulikProject]

Very nice the linearisation is pretty obvious on your picture.
Can you give us more details how you handle DPOS and privacy, i mean if i go there:

https://raiblocks.net/page/representatives.php

I can see that the first representative has 21 millions coins, and it should even be possible to check all the people who delegate to this representative and check their balance. If you hide balance how DPOS will work ?

Indeed it's a good point, DPOS and privacy are two things which seem to be not compatible. Howerver we proposed this protocol that we are currently implementing :


https://image.noelshack.com/fichiers/2018/03/7/1516527377-azulikproject.jpg

it allows to have two layers a full anonymous coin, as well as a DPOS.

Image does not show anything useful at all and certainly does not show that you:

didn't chose the WIP approach, we used a recursive-ZK-Snakrs

There is an unspecified baseline and Approach 1 2 and 3 which are also completely unspecified. It is basically useless, lets be honest.

Perhaps you could indicate what each of the approaches and the baseline are. That would make it actually useful.

You are right indeed, it's just that the image is well know from our community as it's on the front page:

Here are the main results of our simulations. We will try to keep it clear and easy for everyone. Please feel free to ask for further details. The idea here is to test three approaches: ZK-Snarks (3), recursive-ZK-Snakrs (2) (linearisation), and WPI (1).

We should have provided more details, thank you for asking.

Thanks for the clarification.

So WPI is faster but I'm assuming you went with recursive zkSnarks because it is not too much slower and I'm guessing it has other advantages over WPI? Perhaps easier to implement?

Yes indeed, the Zk-snarks is a well known process, stable and easier to use and implement given the low difference with WPI we decided to use the linearisation.

[AzulikProject]

thanks to our community, so impressed by this first version of the website mock-up:

https://image.ibb.co/gJoyWS/AZL_mockup_v1.png

[steelslo]

Is it possible to add XRP (Ripple) to donation list? A lot of people has XRP and transfer is really cheap. And I would like to add that the site preview looks promising

[AzulikProject]

Is it possible to add XRP (Ripple) to donation list? A lot of people has XRP and transfer is really cheap. And I would like to add that the site preview looks promising

It's not currently planned as XRB is free to transfer as well, however if there is demand we will set it.

Edit: added on the front page: rUSG7uEQ9A4PpWd3TvqWwvEiNjvD18QRpR

[cryptosheeple]

What's the total number of coins?

[antoinnepy]

You have two different logos on the first page. You should stick with one.

[AzulikProject]

You have two different logos on the first page. You should stick with one.

You are right, it's actually ongoing, we are working on the logo.

[StoneSoup]

What's the total number of coins?

I think I read somewhere that it is 666 million. Not sure why the devilish number but easy to remember I guess.

[BaladinC]

What's the total number of coins?

I think I read somewhere that it is 666 million. Not sure why the devilish number but easy to remember I guess.

Yes indeed it's 666 millions i guess because it's 5 times the Nano (XRB) supply, and i read they wanted an higher supply.

[AzulikProject]

Yes that's it, 5 times the nano supply.

[goldandcrypto]

What's the total number of coins?

I think I read somewhere that it is 666 million. Not sure why the devilish number but easy to remember I guess.

Yes indeed it's 666 millions i guess because it's 5 times the Nano (XRB) supply, and i read they wanted an higher supply.

do you guys think 666 million is enough? I think I remember seeing that the devs want this to be used by everyone, for everything. If you think about how many USD, EUR, GBP, CNY, and JPY, not to mention all the other currencies of the world in in the world (The lastest M2 of USD is 18.5 trillion) the supply should be higher....otherwise the value of each Azulik coin will be very high. Not sure that matters or not unless you want the value in terms of other fiat currencies is reflects a number that is manageable. No one wants to pay for a coffee or taxi using 0.0001247 (or whatever) coins. Maybe this is a bridge to cross in the future. Would love to hear what some of the more seasoned crypto users think.

[AzulikProject]

What's the total number of coins?

I think I read somewhere that it is 666 million. Not sure why the devilish number but easy to remember I guess.

Yes indeed it's 666 millions i guess because it's 5 times the Nano (XRB) supply, and i read they wanted an higher supply.

do you guys think 666 million is enough? I think I remember seeing that the devs want this to be used by everyone, for everything. If you think about how many USD, EUR, GBP, CNY, and JPY, not to mention all the other currencies of the world in in the world (The lastest M2 of USD is 18.5 trillion) the supply should be higher....otherwise the value of each Azulik coin will be very high. Not sure that matters or not unless you want the value in terms of other fiat currencies is reflects a number that is manageable. No one wants to pay for a coffee or taxi using 0.0001247 (or whatever) coins. Maybe this is a bridge to cross in the future. Would love to hear what some of the more seasoned crypto users think.

Exactly our thought, in another hand we have to think about the distribution. How to distribute many coins through faucet ? It's not easy, if we find an optimal way to distribute hence we will increase the supply.

[antoinnepy]

What's the total number of coins?

I think I read somewhere that it is 666 million. Not sure why the devilish number but easy to remember I guess.

Yes indeed it's 666 millions i guess because it's 5 times the Nano (XRB) supply, and i read they wanted an higher supply.

do you guys think 666 million is enough? I think I remember seeing that the devs want this to be used by everyone, for everything. If you think about how many USD, EUR, GBP, CNY, and JPY, not to mention all the other currencies of the world in in the world (The lastest M2 of USD is 18.5 trillion) the supply should be higher....otherwise the value of each Azulik coin will be very high. Not sure that matters or not unless you want the value in terms of other fiat currencies is reflects a number that is manageable. No one wants to pay for a coffee or taxi using 0.0001247 (or whatever) coins. Maybe this is a bridge to cross in the future. Would love to hear what some of the more seasoned crypto users think.

Exactly our thought, in another hand we have to think about the distribution. How to distribute many coins through faucet ? It's not easy, if we find an optimal way to distribute hence we will increase the supply.

I don't think there's any use increasing the supply to meet ALL THE WORLD's demand. Come on! That's newbie thinking. Bitcoin serves its purpose magnificently in spite of being priced high (minus, of course, the slowness of transaction). Decimals can be introduced to reflect whole values like is being done for BTC now. You aim is not meeting whatever M2 supply, but introducing a useful currency that serves its purpose.

[BaladinC]

No you want a currency which is easy to use on daily basis, and of course you don't want to match the M2 supply but you don't want neither to have to pay for a coffee 0.000000000125 Azulik. People would be confused, it's much easier to pay 2 Azulik for example. It's just the human brain which is like that. On top of that newbie investor like cheap coin in nominal as they believe it double easier (which is silly we agree).

[antoinnepy]

No you want a currency which is easy to use on daily basis, and of course you don't want to match the M2 supply but you don't want neither to have to pay for a coffee 0.000000000125 Azulik. People would be confused, it's much easier to pay 2 Azulik for example. It's just the human brain which is like that. On top of that newbie investor like cheap coin in nominal as they believe it double easier (which is silly we agree).

Smaller value azulik could be defined as microAzuliks. 0.000000000125 Azulik could easily be 0.125picoAzulik. These days, even BTC is now written as mBTC.

[BaladinC]

What would be the downside for you to have an higher supply ?

[ltcvtcgrs]

If 50 usd go throw 50 people its made a PIB of 2500 usd. The money needs circulate, I think 66,600,000,000,000,000 from the miminum amount (satoshi equivalent of azulik) if more than enought. Don't worry about one value like 0.000234 because we will use softwares to pay.

[ltcvtcgrs]

I think the total of coins is good. If one person donate 1 ltc and today 1 ltc value is X and in 03/16 is Y the coins to distribute will be by donate X or Y ?

[AzulikProject]

I think the total of coins is good. If one person donate 1 ltc and today 1 ltc value is X and in 03/16 is Y the coins to distribute will be by donate X or Y ?

It's a good question we should make it clear it will be max(X,Y).