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Author Topic: [PRE-ANN][EdisonX3] Introducing Edison's Carbon Filament *Malleability Solved*  (Read 2391 times)
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EdisonX3 (OP)
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March 19, 2014, 08:26:25 AM
 #1

More on this @ www.Edisonx3.org
Tweet this around via http://twitter.com/EdisonArmy
Thread: https://bitcointalk.org/index.php?topic=491711.0

http://edisonx3.org/prelaunch2.png

Important Facts about EdisonX3

Edison has its own Open Source (FAIR USE) Technology called the Edison Carbon Filament

The Edison Carbon Filament has its own unique code created to secure the network against security flaws and potential harmful threats for the community.

The team spent hours and weeks working on this new difficulty adjustment ALGORITHM to platform stay neat security functions for the next 1,000 years that Edison will be alive for.

EdisonX3 is defined as a Crypto Currency using Scrypt Algorithm with new implementation to solve Malleability issues. This is totally not HACKER FREE nor Bullet Proof. The network is setup just to stabilize against possible attacks, aside from double spending *51% attacks* and uncommon exploits created by the coind network. In addition, this will be used as a defense mechanism against large mining farms that out weight community hash power and punishing those who try to "PROFIT SWITCH" or "GAME ALTCOINS".

The point of EdisonX3 being spread out for 1,000 years, long block times for safety against the most recent Malleability Transaction issues (still a big problem for Bitcoin), and now halting the progress of monopolized coin farm strategies.


What is Transaction Malleability ?

While transactions are signed, the signature does not currently cover all the data in a transaction that is hashed to create the transaction hash. Thus while uncommon it is possible for a node on the network to change a transaction you send in such a way that the hash is invalidated. Note that this just changes the hash, the output of the transaction remains the same and the bitcoins will go to their intended recipient. However this does mean that, for instance, it is not safe to accept a chain of unconfirmed transactions under any circumstance because the later transactions will depend on the hashes of the previous transactions, and those hashes can be changed until they are confirmed in a block. (and potentially even after a confirmation if the block chain is reorganized) In addition clients must always actively scan for transactions to them; assuming a txout exists because the client created it previously is unsafe.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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EdisonX3 (OP)
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March 19, 2014, 09:24:47 AM
 #2

Any questions? or is everyone ready to start mining EdisonX3 in less than 24 hours from now?

Spread this image if you <3 EdisonX3
https://i.imgur.com/av1ZFZa.png
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March 20, 2014, 12:08:30 AM
 #3

We embrace the community support with new technology and problem/bugs/glitches within networks

EdisonX3 has tackled Bitcoin's and Altcoins biggest problems: Malleability Transaction issues and has patched it up in BETA stages.

OP / Launch coming soon: https://bitcointalk.org/index.php?topic=491711
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March 20, 2014, 05:26:14 AM
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Timer updated @ http://edisonX3.org
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March 20, 2014, 08:18:20 PM
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Timer updated @ http://edisonX3.org


Timer error'd out: Launch date is today at 6 PM PST 9 EST
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March 20, 2014, 08:21:18 PM
 #6

If there is a bounty available, we can build a Block Explorer for you.  PM me if interested.

CryptoBlox

www.CryptoBlox.com - 10+ Faucets, Block Explorers, Resources, and Mining Portal!

BTC = 1G1gKi3V5hvdB1ghYu4MykGGrJ2jfjqpm3
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March 20, 2014, 08:25:22 PM
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If there is a bounty available, we can build a Block Explorer for you.  PM me if interested.

CryptoBlox

There is a bounty available for these types of things: https://bitcointalk.org/index.php?topic=519177

If its not listed there, send me a private message with reference or examples of your work and ill throw in a bounty for you.
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March 21, 2014, 01:16:05 AM
 #8

http://www.ENDISONX3.com and http://www.EDISONX3.org ARE LIVE !!
pedemaann
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March 21, 2014, 01:19:57 AM
 #9

I hate Edison that reason I will not mine this coin.

greece pool http://greece.xpoolcoin.com ! 0.5 FEE
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Forum:http://forum.xpoolcoin.com
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Email :support@xpoolcoin.com
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March 21, 2014, 02:54:14 AM
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EDISONX3 account got banned by MODS for hosting giveaways -
read the official statement: https://bitcointalk.org/index.php?topic=524404
https://twitter.com/EdisonArmy/status/446841029832884224
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