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

[Thaxbrath]

Saya pemula dalam hal ini, mohon bimbingan pada master master semua,,

[StoneSoup]

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).

Earlier you said:

It will be valued at the rate of the day we stop the donation.

Can you confirm that this is indeed a change and you will allocate coins based on the max value of either the day the donation was made or the day the donations closed?

So if I donated 100 coins and they are worth $100 the day I donate them and then on the day that donations close the coins are worth $50 I will still get $100 worth of coins? Similarly, if the coins are worth $200 on the day donations close then I will get $200 worth of coins?

Thanks

[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).

Earlier you said:

It will be valued at the rate of the day we stop the donation.

Can you confirm that this is indeed a change and you will allocate coins based on the max value of either the day the donation was made or the day the donations closed?

So if I donated 100 coins and they are worth $100 the day I donate them and then on the day that donations close the coins are worth $50 I will still get $100 worth of coins? Similarly, if the coins are worth $200 on the day donations close then I will get $200 worth of coins?

Thanks

Yes we confirm,
as the decision to not cash out our dev wallet till we need it for the marketing (...)  is our decision we don't want to impact the donators.
Hence we will value max of the price between the donation date and the day we cash out, hence what you said is correct.

[Kenoa]

1. Could you provide any update on the tech, your research, any detail?
2. The number of coins, 666, did you make it on purpose to be like that? You may know that to some people it is, so to say, unpleasant association.
3. The testnet on the April 1st? Do you say it with the grain of resposibility? So, you are basically preparing now the testnet for the launch?

[AzulikProject]

1. Could you provide any update on the tech, your research, any detail?
2. The number of coins, 666, did you make it on purpose to be like that? You may know that to some people it is, so to say, unpleasant association.
3. The testnet on the April 1st? Do you say it with the grain of resposibility? So, you are basically preparing now the testnet for the launch?

The protocol is explained at high level in the front page, we are done with the research part, and we are currently working on the implementation itself, we haven't faced any particular difficulty as of now, it's on going and we do our best to be on time.
The number 666 is basically 5 times the Nano supply, yes it may be unpleasant for some people, but we are sure it's less obvious if we say the supply will be: 666,241,445 Azulik.
We will do our best to have the testnet ready asap, our main work is currently on the code as we want everything to be working on our side to share it with you by the 16th of march. It's a very short deadline, and we do our best, we work almost every evening and every weekends on it.

[BaladinC]

Amazing project if it goes to the end it will be the best coin of 2018/2019, for once i'm at the early stage of a nice project, i'm very excited.

[zyle]

How to attract the community for your project
1 - Faucet distribution can create an activi community, no donation, similiar to Railblocks project, only voluntary donations.
2 - Website
3 - Reveal your identity
4 - Github
5 - Linkedin
6 - Code
7 - Whitepaper
8 - Show the progress
9 - Telegram, Discord
10 - Voilá

All of that is planed, especially the Code and Whitepaper soon. Once it's released, we believe there will be no doubt that our work is more than legit.

Perfectly put! It doesn't look like the Devs have posted anything since Jan 30th. Has anyone received a PM from them since then? Odd that they seem to have gone awol as I really liked the concept they presented.

We replied to you, as we mentioned we use more our topic to make announcement, it's probably not the best way to do, but we think that the code will speaks for itself, so it's currently our top priority.

Dev,

Could you at least tell us some general information about yourselves - what kind of company is it (tech, software, etc?), what country are you guys from?

Sure we met at the university where we graduated with a computational science and engineering master. Alex did a PHD in data analysis and machine learning while i started to work for financial company specialized in telecommunication and high frequency trading. Then we got an opportunity in a well known tech company. Alex is from India and has the American nationality and i'm from Germany and we both left the US after our study to work in europe.

'financial company specialized in telecommunication and high frequency trading'?  How does that work ? you mean to say you were working in Wall Street developing tech for Qualcomm/Ericsson and trading there part time? please help me understand or maybe you are confused, you most likely did work in a call center running high frequency scams. So, Alex had a PHD thesis on both Data analysis and machine learning ? Which one was it ? get real dude

[AzulikProject]

I would be more than happy to clarify your query for you. In the interim, you are more than welcome to browse online to dig deeper into all that high frequency trading encompasses. Telecommunication is a key part of the HFT as milliseconds, which in retrospect translates to millions. Therefore, within this technology, fibers and microwaves are used to transfer information. Some companies are specialising solely in building infrastructures- which essentially consists of telecommunication- as a means to beat their competitor and do trades faster than anyone else. Call it as you will, but indeed it is still within the realm of telecommunication. With regards to the PHD inquiry, please check online yourself for further information, but in laments terms, the cause of big  data and machine learning clearly implies data analysis.

[goldandcrypto]

1. Could you provide any update on the tech, your research, any detail?
2. The number of coins, 666, did you make it on purpose to be like that? You may know that to some people it is, so to say, unpleasant association.
3. The testnet on the April 1st? Do you say it with the grain of resposibility? So, you are basically preparing now the testnet for the launch?

The protocol is explained at high level in the front page, we are done with the research part, and we are currently working on the implementation itself, we haven't faced any particular difficulty as of now, it's on going and we do our best to be on time.
The number 666 is basically 5 times the Nano supply, yes it may be unpleasant for some people, but we are sure it's less obvious if we say the supply will be: 666,241,445 Azulik.
We will do our best to have the testnet ready asap, our main work is currently on the code as we want everything to be working on our side to share it with you by the 16th of march. It's a very short deadline, and we do our best, we work almost every evening and every weekends on it.

Personally, I like a lot of supply, but I would not use the 666mm, even if its only the first three digits. I can only imagine what some of the naysayers will say based upon the number's association in certain religions with the devil. Wouldn't it make sense just to have a nice round number, say.... 700,000,000? Or is there something about the mathematical protocol that makes that undesirable or difficult?

[goldandcrypto]

Does anyone have a good understanding of the benefits / drawbacks of DAG based systems v all the hype going on around HashGraph? Other than the fact that the hashgraph is controlled by an private entitiy (which in itself makes it a non starter for me). Specifically from a scaleability, speed, or security perspective.

[BaladinC]

Does anyone have a good understanding of the benefits / drawbacks of DAG based systems v all the hype going on around HashGraph? Other than the fact that the hashgraph is controlled by an private entitiy (which in itself makes it a non starter for me). Specifically from a scaleability, speed, or security perspective.

Hashgraph is just DAG. It used algorithm and consensus mechanism are different. Not open source, we can't really know what is done, it's all about hype and marketing for the moment.

[Afkbio]

Hi, I own a discord server for discussing DAG coins. Every DAG is listed and has its own channel.

https://discord.gg/auFsMSD.

Feel free to join us ! See ya.  

[derderder]

Why aren't the private transactions free aswell?

[Worldtokenindex]

Guys, It's big scam around Dag technology with privacy add on coin posts between Stone, Manta, Azulik mostly all the threads might have started by same person or group. They all try to collect donations upfront before you see any code on Github, no Escrow and mentioning testnet release on same day as last day of donation ends. Nothing happen in other two projects.

It might be same team doing this thread also, i kind of see similar line of plans and just nice graphics, cut and paste info from different resources and trying to make quick money with no real proof of code or work. Beware of these scammers, I really donated little money in Stone and realized it's waste of doing until you see code and real product.

[StoneSoup]

Guys, It's big scam around Dag technology with privacy add on coin posts between Stone, Manta, Azulik mostly all the threads might have started by same person or group. They all try to collect donations upfront before you see any code on Github, no Escrow and mentioning testnet release on same day as last day of donation ends. Nothing happen in other two projects.

It might be same team doing this thread also, i kind of see similar line of plans and just nice graphics, cut and paste info from different resources and trying to make quick money with no real proof of code or work. Beware of these scammers, I really donated little money in Stone and realized it's waste of doing until you see code and real product.

People here know this full well ad have decided to take the risk or not to take the risk. We will see what happens Maybe none, maybe 1 maybe all will happen but we just don't know for sure. We can wait and see, that is all. If you feel really strongly about it, then create a DAG coin with privacy yourself and publish code before taking donations. I'll back you all the way and I think you will have hundreds more backers.

[AzulikProject]

Why aren't the private transactions free aswell?

A very interesting question - thank you for bringing it to our attention.

Firstly, to understand it better we must delve into all that is represented by the Delegate Proof of Stake (DPOS). Simply put it is a protocol where all the users (owning coin) delegate their vote to a representative. The vote is then weighted by the balance of the wallet. In the end the representatives, which act like the minors to maintain the network, will validate the transaction whereas at least 51% of the network must validate a transaction for it to proceed. The 51% is determined using the entire portfolio of wallet balances.
Hence having a private wallet means that the balance will not  be displayed. The DPOS will therefore not function. To bypass this issue we have develloped a public wallet and an alias private wallet. The public wallet delegates his voting rights to a representative as the balance is public. Take into consideration we now have a public and a private wallet.

Let’s say there are no fees. It’s clear all users would prefer to enjoy the privacy feature and in turn keep their coin shares in the private wallet- yet this would lead to the issue of running the DPOS off track as the representative would no longer  be legitimate as they would represent a very small part of the network. Therefore the fees in place are an incentive to make people keep their coin in their public wallet and run node.

Furthermore, 1% of the fees will be used to remunerate the nodes, and 99% of the fees will be paid back to the network depending of their number of shares in coin. Hence, in average, if the number of transactions are higher than the number of user, each user will get back 99% of the fees paid. The 1% remaining will allow a more decentralized network for both public and private transactions. On top of that, public transactions remain free of charge, and the fee for private transactions will be very very low.

[StoneSoup]

Why aren't the private transactions free aswell?

A very interesting question - thank you for bringing it to our attention.

Firstly, to understand it better we must delve into all that is represented by the Delegate Proof of Stake (DPOS). Simply put it is a protocol where all the users (owning coin) delegate their vote to a representative. The vote is then weighted by the balance of the wallet. In the end the representatives, which act like the minors to maintain the network, will validate the transaction whereas at least 51% of the network must validate a transaction for it to proceed. The 51% is determined using the entire portfolio of wallet balances.
Hence having a private wallet means that the balance will not  be displayed. The DPOS will therefore not function. To bypass this issue we have develloped a public wallet and an alias private wallet. The public wallet delegates his voting rights to a representative as the balance is public. Take into consideration we now have a public and a private wallet.

Let’s say there are no fees. It’s clear all users would prefer to enjoy the privacy feature and in turn keep their coin shares in the private wallet- yet this would lead to the issue of running the DPOS off track as the representative would no longer  be legitimate as they would represent a very small part of the network. Therefore the fees in place are an incentive to make people keep their coin in their public wallet and run node.

Furthermore, 1% of the fees will be used to remunerate the nodes, and 99% of the fees will be paid back to the network depending of their number of shares in coin. Hence, in average, if the number of transactions are higher than the number of user, each user will get back 99% of the fees paid. The 1% remaining will allow a more decentralized network for both public and private transactions. On top of that, public transactions remain free of charge, and the fee for private transactions will be very very low.

I'm not sure I understood fully but would it be possible to use a separate coin (like Gas is to Neo) but with very little or no value for the payments? Introducing a fee is always going to be unpopular I think but if the fee coin is really cheap and plentiful then maybe it won't matter. I'm thinking it should be like one ten thousandth of a cent or something like that.

Anyway thanks for answering the question. Hope all is going well with the coding, any updates are very welcome and reassuring.

[BaladinC]

To me it’s a very smart approach, indeed, if you don’t have fees all user would store their coin in the private wallet, hence Sybil attack would be much easier to perform.

I really see how to use it in daily life, I receive funds on my public wallet, they are public, but as long as it’s not possible to link me with these transaction it’s all good.

So basically on my mobile wallet I will have my public and private wallet, I can transfer immediately some funds from my public to my private wallet, and they become untraceable as nor the transaction nor the balance can be accessed right ?
And  let say I go buy a coffee, I use my private wallet to pay, I’ll pay a small fee, and in the end of the day I’ll get back fees depending of my balance on my public wallet ? Hence it means If I spend coin using my private wallet my fees will be paid back, if I don’t spend I’ll be remunerated to delegate my vote to a representative, to me it sound amazing as long as the fee is low.

It's like a freemium version of Nano, it's like XRB for public transaction, but if you want another feature it's possible but for a very small fee.

[anglais]

Are you still checking azulikproject@yandex.com email?

[AzulikProject]

Why aren't the private transactions free aswell?

A very interesting question - thank you for bringing it to our attention.

Firstly, to understand it better we must delve into all that is represented by the Delegate Proof of Stake (DPOS). Simply put it is a protocol where all the users (owning coin) delegate their vote to a representative. The vote is then weighted by the balance of the wallet. In the end the representatives, which act like the minors to maintain the network, will validate the transaction whereas at least 51% of the network must validate a transaction for it to proceed. The 51% is determined using the entire portfolio of wallet balances.
Hence having a private wallet means that the balance will not  be displayed. The DPOS will therefore not function. To bypass this issue we have develloped a public wallet and an alias private wallet. The public wallet delegates his voting rights to a representative as the balance is public. Take into consideration we now have a public and a private wallet.

Let’s say there are no fees. It’s clear all users would prefer to enjoy the privacy feature and in turn keep their coin shares in the private wallet- yet this would lead to the issue of running the DPOS off track as the representative would no longer  be legitimate as they would represent a very small part of the network. Therefore the fees in place are an incentive to make people keep their coin in their public wallet and run node.

Furthermore, 1% of the fees will be used to remunerate the nodes, and 99% of the fees will be paid back to the network depending of their number of shares in coin. Hence, in average, if the number of transactions are higher than the number of user, each user will get back 99% of the fees paid. The 1% remaining will allow a more decentralized network for both public and private transactions. On top of that, public transactions remain free of charge, and the fee for private transactions will be very very low.

I'm not sure I understood fully but would it be possible to use a separate coin (like Gas is to Neo) but with very little or no value for the payments? Introducing a fee is always going to be unpopular I think but if the fee coin is really cheap and plentiful then maybe it won't matter. I'm thinking it should be like one ten thousandth of a cent or something like that.

Anyway thanks for answering the question. Hope all is going well with the coding, any updates are very welcome and reassuring.

Can you give us more details about the two coins, why do you think it would be better ? Do not hesitate to tell us which point isn't clear.

To me it’s a very smart approach, indeed, if you don’t have fees all user would store their coin in the private wallet, hence Sybil attack would be much easier to perform.

I really see how to use it in daily life, I receive funds on my public wallet, they are public, but as long as it’s not possible to link me with these transaction it’s all good.

So basically on my mobile wallet I will have my public and private wallet, I can transfer immediately some funds from my public to my private wallet, and they become untraceable as nor the transaction nor the balance can be accessed right ?
Yes you are right.
And  let say I go buy a coffee, I use my private wallet to pay, I’ll pay a small fee, and in the end of the day I’ll get back fees depending of my balance on my public wallet ?
Yes you got it
Hence it means If I spend coin using my private wallet my fees will be paid back, if I don’t spend I’ll be remunerated to delegate my vote to a representative, to me it sound amazing as long as the fee is low.

It's like a freemium version of Nano, it's like XRB for public transaction, but if you want another feature it's possible but for a very small fee.

Are you still checking azulikproject@yandex.com email?

No we don't please send us private message.