[ANN] Stegos - Completely Private, Confidential, and Scalable Cryptocurrency

[stegos4privacy]

Testnet #5 Has Been Released!

This is the fifth testnet release of the Stegos blockchain. Changes since Testnet 4

https://github.com/stegos/stegos/releases/tag/v0.4

Check out the highlights:

• Added a fork resolution mechanism to consensus and improved handling of network partitions.

• Implemented basic cheating detection of malicious validators in consensus (without punishment for now).

• Significantly reduced the time of full sync with the network.

• Switched to real peer-to-peer unicast messaging with NAT traversal support.

• Extended WebSocket API to support notifications about blockchain status.

• Fixed bugs and improved stability of consensus and network subsystems.

Breaking changes:
TestNet-5 release is not fully compatible with TestNet-4 release. Please reset your local database if you upgrading from the previous release:
rm -rf database/

You can always find the list of releases and other important information in our wiki at https://github.com/stegos/stegos/wiki/wiki

[1715073714]

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[1715073714]

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[stegos4privacy]

how to get coin? mining or any presale (masternode)..and what's plan for marketing and get listed exchange? is there any bounty and airdrop? 

Hello BusWay18! Getting listed on exchanges is currently being explored so stay tuned for updates. We don't have plans for airdrop and bounty yet but you can check back with us soon. In the meantime, please join our Telegram channel at https://t.me/stegos4privacy

[BusWay18]

i have join your telegram...do you plan presale cause your coin is pos and how much supply and premine? if there's any premine can you tell us distribution percentage is for like precentage founder, team, developement, presale, etc?

[Saugani]

.

Thanks Saugani! It’s a blockchain built from scratch and using the best of the current blockchain theory, plus our own research. We have nothing to do with Ethereum and use none of their (or any other blockchain’s) code. We believe we could do better than zerocoin so we didn’t implement their protocol.

Wow. I'm glad with you Dev. Plz improve this discussion more relevant so we can see the development of your project so that in order for your account to become Jr member and we will give you at least one merit to update your ANN bitcointalk as such infographics look great.

Yes, I agree with you, I see it's development on GitHub so far your project has high activity on the source code that is being built and I would conclude that project was total own-blockchain of stegos aka independent chain

[stegos4privacy]

i have join your telegram...do you plan presale cause your coin is pos and how much supply and premine? if there's any premine can you tell us distribution percentage is for like precentage founder, team, developement, presale, etc?

Stegos will generate a pre-mine of 1 billion STG tokens as the initial supply. Of these, up to 51.25% will be sold publicly to raise $20M (million). The remaining 48.75% will be used to pay for costs and compensate team members, backers and advisors. These values have been carefully selected to enable us to reach our development milestones and jumpstart the Stegos ecosystem.

Here's the token allocation:
51.25% - Sold to the public
16.75% - Development
10.0% - Marketing & Ecosystem
10.0% - Reserve
10.0% - Team
2.0% - Advisors & Key Backers

[stegos4privacy]

.

Thanks Saugani! It’s a blockchain built from scratch and using the best of the current blockchain theory, plus our own research. We have nothing to do with Ethereum and use none of their (or any other blockchain’s) code. We believe we could do better than zerocoin so we didn’t implement their protocol.

Wow. I'm glad with you Dev. Plz improve this discussion more relevant so we can see the development of your project so that in order for your account to become Jr member and we will give you at least one merit to update your ANN bitcointalk as such infographics look great.

Yes, I agree with you, I see it's development on GitHub so far your project has high activity on the source code that is being built and I would conclude that project was total own-blockchain of stegos aka independent chain

Excellent! Thank you for your interest in the project. ⛑️
Be sure to stick around for more updates and don't forget to join us at Telegram at https://t.me/stegos4privacy

[stegos4privacy]

⛑️ PRIVACY APPLICATIONS PLATFORM: IDENTITY ⛑️

Stegos creates cutting-edge technology to keep your secrets safe so you feel empowered and secure.

• Stegos uses stealth addresses and payments to a public key are cloaked with two random values

• It is impossible to link payments to someone by analyzing the blockchain

• Stegos uses the UTXO model, where each UTXO is best understood as a coin

• It's wallet addresses can be used as an identifier or avatar for the purposes of messaging or building a reputation or social score

To learn more about the project, visit our website at https://stegos.com/

[ethersalvation]

i have join your telegram...do you plan presale cause your coin is pos and how much supply and premine? if there's any premine can you tell us distribution percentage is for like precentage founder, team, developement, presale, etc?

Stegos will generate a pre-mine of 1 billion STG tokens as the initial supply. Of these, up to 51.25% will be sold publicly to raise $20M (million). The remaining 48.75% will be used to pay for costs and compensate team members, backers and advisors. These values have been carefully selected to enable us to reach our development milestones and jumpstart the Stegos ecosystem.

Here's the token allocation:
51.25% - Sold to the public
16.75% - Development
10.0% - Marketing & Ecosystem
10.0% - Reserve
10.0% - Team
2.0% - Advisors & Key Backers

Don't you think that marketing activity is very low? Development is high and team funds are the same of reserve and marketing..

[stegos4privacy]

Tech Report Apr, 22nd - May, 3rd

During the last two weeks our development team has been working hard to finalize major features of the upcoming testnet release.

The following tasks were completed in the period April,22nd — May, 3rd:

Done

• Finalize HashCash integration, Network, required to prevent DoS-attacks
• Stress Testing: Transactional Load Generator, Testing, the part of test harness
• Determine major blockchain constants: Maximum UTXOs per Block, Epoch Length & Block Time, Consensus, those are important parameters of the consensus protocol
• Wallet Recovery, Wallet, required to recover wallet keys using 24-word recovery phrase
• Key Encryption on the Disk, Wallet, implement safe storage of keys on disk
• Proof of UTXO Construction, Wallet, a feature allowing to prove that a particular transaction has taken place in the past

In progress

• Slashing, Consensus, punishing the cheating slot owner for publishing two different blocks on the same height
• Re-Staking, Consensus, changing validators’ PBC keys related to staked tokens at the predetermined intervals
• Service Awards, Core Blockchain, required to create an incentive for validators to be online
• Stress Testing: Multiple Regions, Network, launch nodes in multiple AWS regions to test consensus with real-life latencies
• ValueShuffle: Bots, ValueShuffle, required to facilitate VS transactions in absence of enough VS transactions intents

Roman Tsisyk

• Wallet Recovery is about recovery using 24-word recovery phrase. This feature has been implemented and can be used by Wallet UI.

[stegos4privacy]

Testnet #6 Has Been Released with New Improvements!

This is the sixth testnet release of the Stegos blockchain. Changes since Testnet 5:

• Added HashCash challenge to PubSub protocol to limit denial-of-service attacks
• Implemented simplified Re-Staking for tracking validators' online status
• Implemented wallet recovery using 24-word recovery phrase
• Implemented wallet password protection and encryption of keys stored on disk
• Split 1 STG to 1 000 000 microSTG.
• Limited the number of UTXO in transactions and blocks

Breaking changes:

TestNet-6 release is not compatible with TestNet-5.
Please reset your local database if you upgrading from the previous release:
rm -rf database/

Check the project plan for additional information: https://github.com/stegos/stegos/wiki/project-plan#sprint15
Please join us on Telegram to get test tokens and let us know your thoughts: https://t.me/stegos4privacy

[stegos4privacy]

Tech Report May, 6th - May, 17th

Here is what we accomplished in the period May, 6th — May, 17th:

Done

• New StakeUTXO, Core Blockchain, StakeUTXOs with BLS signatures
• Public payment UTXO, Core Blockchain, UTXO with uncloaked recipient pubkey and amount
• Adding time locks to all UTXO types, Core Blockchain, allow UTXOs to be time-locked

In-progress

• Micro and macro blocks, Core Blockchain, adding more security to micro blocks and compressing micro blocks into one-per-epoch macro blocks
• Slashing, Consensus, punishing the cheating slot owner for publishing two different blocks on the same height
• Re-Staking, Consensus, changing validators’ PBC keys related to staked tokens at the predetermined intervals
• Service Awards, Core Blockchain, required to create an incentive for validators to be online
• Stabilize ValueShuffle facilitating in the event of epoch change, ValueShuffle, fine-tuning of the Facilitator code
• Speed-up node bootstrap and re-synchronization, Node, fine-tuning bootstrap constants

[ethersalvation]

how to get coin? mining or any presale (masternode)..and what's plan for marketing and get listed exchange? is there any bounty and airdrop? 

any master nodes presale?

[stegos4privacy]

Did you know that Stegos can send messages and data via the blockchain?

Stegos is regularly pruned to keep it small. This means the Stegos blockchain has space for messages and data, in addition to standard transactions.

Find out more here: https://github.com/stegos/stegos/wiki/Stegos-Frequently-Asked-Questions

[stegos4privacy]

Meet Stegos!

Absolute Privacy

Payment and data transactions in Stegos are unlinkable, untraceable, and completely confidential thanks to Stegos' Snowball Protocol.

User-Focused

Stegos app replicated all popular features of global-omni-purpose apps such as facebook and WeChat. Every user can earn tokens, not just whales.

Full Mobile Support

Mobile nodes can stake and validate, making Stegos the first mobile blockchain. Supports billions of regular users on a truly decentralized platform.

[stegos4privacy]

New Website!

⛑️ Our website is up and running! Feel free to navigate and interact with it. ⛑️

Check out our new website at https://stegos.com/

[stegos4privacy]

Stegos was featured at Crypto Sherlock!

Check out the review here: https://cryptosherlock.club/stegos-ru/

[stegos4privacy]

Stegos block rewards are distributed using gamified Proof-of-Stake (gPOS)


The Stegos privacy blockchain uses a version of Albatross which has been optimized for privacy and mobile compatibility.

Stegos block rewards are distributed using gamified Proof-of-stake (gPoS), a unique modification to Proof-of-stake which ensures that all users have a fair chance to earn tokens for maintaining and validating the network, not just whales.

[mihacrypto]

I love these projects! I think while there is no common use of cryptocurrencies, it is better to stay in the shadows. I'm for security and secrecy.

[stegos4privacy]

Tech Report May, 6th - May, 17th

Here is what we accomplished in the period May, 6th — May, 17th:

Done in Sprint 16
• New StakeUTXO, Core Blockchain, StakeUTXOs with BLS signatures
• Public payment UTXO, Core Blockchain, UTXO with uncloaked recipient pubkey and amount
• Adding time locks to all UTXO types, Core Blockchain, allow UTXOs to be time-locked
• Introducing micro and macro blocks, Core Blockchain, adding more security to microblocks
• Slashing, Consensus, punishing the cheating slot owner for publishing two different blocks on the same height
• Re-Staking, Consensus, changing validators’ PBC keys related to staked tokens at the predetermined intervals
• Stabilize ValueShuffle facilitating in the event of epoch change, ValueShuffle, fine-tuning of the Facilitator code
• Change PBC keys: network, Network, support for changing node’s pbc (validator) keys on the go
• Check for stale connections, Network, check if some neighbor connections are stale and re-connect
• Stress Testing: Deploy TxGenerator, Testing, transaction generator deployment support for devnets
• Use AONT (All or Nothing) for all serialized representation of secrets, Security, additional security for in-memory representations of secrets
• Implement WAU (Wipe After Use) for all secrets, Security, additional security for in-memory representations of secrets

Plans for Sprint 17
• Speed-up node bootstrap and re-synchronization, Node, fine-tuning bootstrap constants
• Service Awards, Core Blockchain, required to create an incentive for validators to be always online
• Compress Micro Blocks to Macro Blocks, Consensus, remove last epoch’s micro blocks by moving their data to a single macro block
• Optimize bulletproofs, Crypto, make bulletproofs verification faster than current 23 ms using parallelization (no processor-dependent optimizations yet)
• HashCash: more bug-fixing, Network, bug fixing of HashCash protocol
• Fork Resolution: more bug-fixing, Consensus, bug fixing of fork resolution mechanism for micro blocks
• UTXO Timestamp Locking, Core Blockchain, implement locking of UTXOs
• PublicPaymentUTXO: additional tx validation rules, Core Blockchain, implement additional transaction verification rules for transactions involving public payment UTXOs
• PublicPaymentUTXO: support in wallet, Wallet, implement support for public payment UTXOs usage in wallet
• Introduce variable fees in transactions, Core Blockchain, Wallet, introduce the ability to set arbitrary fee amount for transaction in order to increase chances of transaction to be included in the nearest block
• DDoS Protection: blacklisting and rate-limiting, Network, implement rate-limiting and blacklisting as initial network-level DDoS protection mechanism
• Change PBC keys: wallet, node, Node, support for changing node’s pbc (validator) keys on the go
• Persist Payment History in Wallet, Wallet, required to support showing the payment history in wallet
• Don’t require wallet secret key for validator nodes, Security, reduce chances for an attacker to get hold of private wallet keys on hosted validator nodes by simply not requiring them to be present
• LRU cache for unpacked UTXO, Node, node UTXO database optimization
• Stress Testing: Packet Delay and Loss, Testing, part of test harness
• Stress Testing: Large Number of Nodes, Testing, part of test harness

[ethersalvation]

Stegos block rewards are distributed using gamified Proof-of-Stake (gPOS)


The Stegos privacy blockchain uses a version of Albatross which has been optimized for privacy and mobile compatibility.

Stegos block rewards are distributed using gamified Proof-of-stake (gPoS), a unique modification to Proof-of-stake which ensures that all users have a fair chance to earn tokens for maintaining and validating the network, not just whales.

where can I read more information about this improvement?