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Author Topic: ★Italo Network★ -CN based | Multi-PABs | Crowd-Hashing | Low Supply | No Premine  (Read 2400 times)
italocoin
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November 30, 2018, 06:40:44 PM
Last edit: April 16, 2019, 05:52:16 PM by italocoin
 #1


Official Website  ||   Source Code  ||  Block Explorer  ||  Windows Wallet  ||  WebWallet




About the Italo Network

Italo Network (XTA) is a NO ICO, no premine, low supply and emission privacy-centric currency network. All developments will be made open source to contribute to the evolution of the cryptonote privacy space. XTA features a 'Subdued Emission Curve' - a CryptoNote emission curve variant with 75% lower block rewards meant to preserve value through low annual inflation and incentivize fair ASIC-resistant mining for decades, not years.




Coin Specs

Algorithm: CryptoNight Custom heavy
Block time: 120 seconds
Difficulty: Retargets each block
Block reward: Decreases each block
 Total Supply: 1,364,800 XTA (December, 2018)
P2P PORT: 13101
RPC PORT: 13102


Main Objective

XTA's objective is to create a low fee, secure, private and attack resistant payment network by combining two key points of innovation - Project HashPlug, an affordable, energy efficient, dedicated plug-and-play XTA USB miner for distributed hashing and XTA's Fair-Fee algo, which solves the bulletproofs challenge by creating an optimal transaction profile for ultra low fees while discouraging DDoS attacks. Using the combination of the two, Italo will create an alternative Proof of Work network that is democratic, fair and much more energy friendly.

Universal Mining

Simple Set-and-Forget Universal Mining - Italo Network provides global economic inclusion opportunities by offering easy to use mining and thin client apps for a wide range of devices, from smartphones and smart TVs to tablets and desktops. Each device will be able to fully tap unused computing power and have access to its own device-specific XTA address for optimal hashrate distribution.


PAD-Adjusted Bulletproofs (PABs)

Based on the latest Monero codebase, Italo implements a PAD-adjusted version of Bulletproofs, a trustless setup, zero-knowledge proof protocol for single and multi range proofs. This reduces transactions fees and storage requirements by 82% on average, while significanly increasing blockchain sync times and block validation performance. Combined with RingCT obfuscation, XTA efficiently guarantees end user privacy.

Crowd Hashing
What is Crowd Hashing?
Italo Network takes a unique approach to solving the mining centralization and attack resistance problems. Instead of constantly having to outpace ASICs via hard forks, Italo will make use of Project HashPlug - a dedicated plug-and-play low cost USB hardware miner with a hard-coded FPGA array that is optimized for highly efficient mining, maximizing hashrate-to-device-cost ratio.

HashPlug's affordability and commercial availability will provide an optimal global hashrate distribution that cannot be feasibly competed away using dedicated high end machines. We call this method Crowd Hashing as ASICs and other high entry cost devices are economically crowded out of the network, ensuring a high degree of decentralization and network security.


Roadmap


Integrated Merchant Adoption Tools

XTA's mining and thin client apps will have a seamless integration into our custom-built merchant tools, allowing end users to easily spend their mined and received XTA for goods and services through participating merchants online and locally.

Fair-Fee Algo


Italo's key contribution to the cryptonote space, solving the two-sided bulletproofs challenge where attackers can spam the network by creating very large transactions without hard economic restrictions. Italo's Fair-Fee Algo ensures both a low transaction fee profile while enabling smooth fee scalability with the number of outputs to prevent DDoS and spam attacks on the network. The Fair-Fee Algo empowers users and merchants by creating a truly economical and secure global value transfer network.

Light Nodes


A second layer to the Italo Network that allows users to run chain replication nodes to increase the network decentralization and global footprint, and provide quick sync and transaction routing services for end user clients. With an increased global presence, everyone will be able to establish low latency connections to the XTA network.

Team


Social Media



Exchanges

XTA is currently listed on TradeOgrE and Crex24, with ongoing discussions for future listings on larger exchanges, including decentralized ones. Future announcements will be shared with the community regarding exchange listings as we receive confirmation.


Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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November 30, 2018, 06:41:11 PM
 #2

reserved...

Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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November 30, 2018, 06:46:52 PM
Last edit: November 30, 2018, 06:59:13 PM by HardKano
 #3

Nice job for the announcement thread. Pretty nice new website ! Keep it up!
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November 30, 2018, 07:01:38 PM
 #4

hii dev..!! i think you need better exchanges rather than tradeogre and i hope you have plan this.Because i see in tradeogre volume low
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November 30, 2018, 07:06:59 PM
 #5

That's normal. Wallet is under maintenance on the exchange. As done they update it and the put it back online volume will increase.
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November 30, 2018, 07:17:36 PM
 #6

Wallet is under maintenance due to upcoming hardfork, which is scheduled for block height 165,000, approximate date is December 5th. Please make sure to download and update new wallet until that date  https://italo.network/#downloads

Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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November 30, 2018, 07:18:03 PM
 #7

pool reserved
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November 30, 2018, 09:12:48 PM
 #8

New website looks amazing, for just 25K market capped coin..
Roadmap is really cool and somehow unique as well..
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December 01, 2018, 02:36:00 AM
 #9

Very nice. Lots of updates on the roadmap for next year.

Beam Mining Pool: https://beam.leafpool.com/
Zen Protocol Pool: https://zp.leafpool.com/
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December 01, 2018, 03:13:14 AM
 #10

You have been listed on 2 exchanges but your team is on still under construction. How long it will stay on under construction?


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italocoin
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December 01, 2018, 11:07:59 AM
 #11

You have been listed on 2 exchanges but your team is on still under construction. How long it will stay on under construction?

The team can expand because is a Open Project, anyone that's willing to help can join and help out, thats why is Under Construction! A Open Project will never have a fixed Team as per anyone can join and help out.

Regards,
DEV

Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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December 02, 2018, 06:53:52 PM
 #12

dev, can you tell me when XTA will be in more exchanges?
also, what is XTA max supply?
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December 02, 2018, 07:43:50 PM
 #13

Very good idea. Good luck!  Wink
italocoin
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December 12, 2018, 11:32:43 AM
 #14

dev, can you tell me when XTA will be in more exchanges?
also, what is XTA max supply?

We are in talks with some exchanges, nothing official yet.

The supply is 18M but after the max supply ends we have tail emission, its 0.3 per minute.

Very good idea. Good luck!  Wink

Thank you Smiley

Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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December 12, 2018, 07:28:11 PM
 #15

I downloaded the new 64-bit CLI wallet today (0.13.0.4). I'm very impressed with the sync speed. For whatever reason the new italo daemon deleted my old blockchain db that was around 150,000 blocks. I didn't mind when I saw how fast it was syncing. It synced the whole chain from 0 to 169K blocks in about 12 minutes. Normally I only see these kinds of speeds by downloading raw blockchains or checkpoint/bootstrap files. I assume this was part of the Monero codebase but regardless this is a huge improvement! Will you be merging Monero's future patches to your codebase going forward?

One more thing, I had a question about re-using old wallets from before the rebranding. I got the following warning from the new wallet:

https://i.imgur.com/80xc6Tc.png

WARNING: Do not reuse your Italo keys on another fork, UNLESS this fork has key reuse mitigations built in. Doing so will harm your privacy.

Does this warning apply to this fork? Should I create a new wallet and send the old coins to the new wallet?
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December 12, 2018, 07:48:39 PM
 #16

One more thing, I received this warning on the daemon earlier:

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

Isn't 51 blocks within 90 minutes within the normal range? With 120 second block times, on average we should see 45 blocks every 90 minutes. Maybe you should reconsider the threshold for this warning?
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December 14, 2018, 08:32:56 AM
 #17

Hello,

I downloaded the new 64-bit CLI wallet today (0.13.0.4). I'm very impressed with the sync speed. For whatever reason the new italo daemon deleted my old blockchain db that was around 150,000 blocks. I didn't mind when I saw how fast it was syncing. It synced the whole chain from 0 to 169K blocks in about 12 minutes. Normally I only see these kinds of speeds by downloading raw blockchains or checkpoint/bootstrap files. I assume this was part of the Monero codebase but regardless this is a huge improvement! Will you be merging Monero's future patches to your codebase going forward?

The sync is really fast, is due to checkpoints and bulletproofs checks are way faster then Borromean.

Yes, i plan to keep the code verry close to Moneros codebase because its the best out there in privacy, security etc, my plan from the begining was to make a coin with lower fees and most importantly to remove the waste of electricity and decentralization, i will try to do that with the project "Crowd Hashing" please visit the website for more details about it, a Whitepapper is comming up!

One more thing, I had a question about re-using old wallets from before the rebranding. I got the following warning from the new wallet:



WARNING: Do not reuse your Italo keys on another fork, UNLESS this fork has key reuse mitigations built in. Doing so will harm your privacy.

Does this warning apply to this fork? Should I create a new wallet and send the old coins to the new wallet?

Yes, this warning is for other forks, like if someone wants to clone italo's reppo and make its own coin, you can use the same keys but if the coder of that new coin added some malicious code in the codebase your privacy or keys may be compromised.

One more thing, I received this warning on the daemon earlier:

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

Isn't 51 blocks within 90 minutes within the normal range? With 120 second block times, on average we should see 45 blocks every 90 minutes. Maybe you should reconsider the threshold for this warning?

Its normal, is because the calculus expects more or less blocks mined in that time, yes i can review the threshold but it all depends on the hashrate changes to.

Regards,
Dev





Italo (XTA) - is an anonymous and secure cryptocurrency based on CryptoNote And Monero Technology!
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December 28, 2018, 04:57:56 PM
 #18

List of Italo mining pools with live stats & hashrate distribution

https://miningpoolstats.stream/italocoin
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January 11, 2019, 01:55:06 PM
 #19

Seems we have debuted on coinmarketcap: https://coinmarketcap.com/currencies/italo/#charts
Great news and market also reacted on it, instantly, with almost 250% jump.
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January 15, 2019, 04:42:18 PM
 #20

why pending balance is 0 after 1 hour of mining with 12kh/s ?
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