[ANN][POW][CLO] Callisto Network - Cold Staking & Security Audits

[Pitchipuff]

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.

thats very long waiting and process just to make that coin the question is can you wait 6 more years?

[Socket32]

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.

Is it difficult to change the code and increase the number of coins produced? I do not think so. This is a simple technical action that is likely to be tied to the economy.

[icestar001]

It looks pretty much like a nice project, but the crypto atmosphere is already saturated with so many projects trying to solve the same problem. May i know who your advisors are

[jackielim]

I do not think that everything is so simple in programming, as you say. Technology is complex and developers need to solve many logical problems.

Yes its true! Programming is not as simple as other think. A lot of logical functions, codes, syntax etc to condiser. I am a graduate of programming and I can testify the difficulties of programmer went through. I am very proud of to all the whole team for making this project possible.

[Triplesixgods]

Good afternoon, I read in the cryptographic calendar. About the fact that this month CLO will add Antriex to the stock exchange, will this really happen?

[innovaKoiS]

Good afternoon, I read in the cryptographic calendar. About the fact that this month CLO will add Antriex to the stock exchange, will this really happen?

Exchange Antriex it would be good. This is progress. Most companies by the end of the ICO can not go into the listing, and then immediately exchange, well

[The Scorpion]

this project will greatly affect the ETC network, as it solves many problems! Already many investors have supported this project and believe that the future of the Callisto network. Callisto has just one role: to use the block system in the ETC domain to personalize its CLO tokens. And this serves to push Callisto closer to perfection after a day.

[CoinKwoT]

Most people say that it's best to buy a CLO. Hold them until November, for what? What for?

[Bardadym]

At the moment, the project is not a very large team, when are you planning to recruit developers and marketers in your team? This is very necessary for what would happen when the market turns around and goes up to be ready and grow!

[Velial_SQUADZ]

Callisto Network is a project of Ethereum Commonwealth that’s been
researched and designed, and has developed a reference implementation of a
self-sustained, self-governed, self-funded blockchain ecosystem. It also improves
the security of the ecosystem of crypto industry by improving smart-contract
development methods and environment.

[Socket32]

Callisto Network is a project of Ethereum Commonwealth that’s been
researched and designed, and has developed a reference implementation of a
self-sustained, self-governed, self-funded blockchain ecosystem. It also improves
the security of the ecosystem of crypto industry by improving smart-contract
development methods and environment.

Hey. Whence this information. From the site?

[Velial_SQUADZ]

Callisto Network is a project of Ethereum Commonwealth that’s been
researched and designed, and has developed a reference implementation of a
self-sustained, self-governed, self-funded blockchain ecosystem. It also improves
the security of the ecosystem of crypto industry by improving smart-contract
development methods and environment.

Hey. Whence this information. From the site?

I began to study the White Paper. I had the first question. What is Ethereum Commonwealth?

[Socket32]

Callisto Network is a project of Ethereum Commonwealth that’s been
researched and designed, and has developed a reference implementation of a
self-sustained, self-governed, self-funded blockchain ecosystem. It also improves
the security of the ecosystem of crypto industry by improving smart-contract
development methods and environment.

Hey. Whence this information. From the site?

I began to study the White Paper. I had the first question. What is Ethereum Commonwealth?

Look here. This group of programmers call themselves that. I think so, but I'm not sure.

https://github.com/orgs/EthereumCommonwealth/people

[Sithcs]

Callisto Network is a project of Ethereum Commonwealth that’s been
researched and designed, and has developed a reference implementation of a
self-sustained, self-governed, self-funded blockchain ecosystem. It also improves
the security of the ecosystem of crypto industry by improving smart-contract
development methods and environment.

Hey. Whence this information. From the site?

I began to study the White Paper. I had the first question. What is Ethereum Commonwealth?

Look here. This group of programmers call themselves that. I think so, but I'm not sure.

https://github.com/orgs/EthereumCommonwealth/people

"Self-governed" ... After 2 updates when there will be DAO. What can participants decide?

[Lola_TaksaXXX]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

[KarambaCoin]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

[TIXON9I]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

Another problem of each progressive blockchain is the protocol update that needs Blockchain Hard-fork. Hard-forking is a stressful process for mining pools, exchanges and other network participants. Callisto Network seeks to mitigate hard-forking with establishing 2 planned hard-forking dates​: 11 November 2018 and 11 November 2019​.
Each protocol update should only be performed on one of these days. This approach allows each member of the network to know about upcoming updates and to prepare in advance. If the specific protocol update code is not ready to implement at the time of the planned hard-forking date, then it should be delayed until the next one.

[Lola_TaksaXXX]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

Another problem of each progressive blockchain is the protocol update that needs Blockchain Hard-fork. Hard-forking is a stressful process for mining pools, exchanges and other network participants. Callisto Network seeks to mitigate hard-forking with establishing 2 planned hard-forking dates​: 11 November 2018 and 11 November 2019​.
Each protocol update should only be performed on one of these days. This approach allows each member of the network to know about upcoming updates and to prepare in advance. If the specific protocol update code is not ready to implement at the time of the planned hard-forking date, then it should be delayed until the next one.

I somewhere read that in Callisto Network will not be able to deploy an untested smart contract? I mean that auditing a smart contract will be a prerequisite?

[kripTavalleT88]

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

I think this is a large number. The price will not be very high.

[LegionerCoint]

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

I think this is a large number. The price will not be very high.

Well, if it is so. Stealing tokens with bad smart contracts harms the platform