[ANN] [DMCH]Block-DAG+CryptoNote+RingCT+Bulletproofs+Dandelion+Smart contract

[yjbg]

https://discord.gg/AwhZqY              the latest

Thank you

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[1714011889]

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[1714011889]

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[1714011889]

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[qwe1]

Next version of DMC mobile wallet will add below features/functions:
1. Support coin exchange function;
2. Add biometric verification, such as fingerprints;
3. Wallet language can be switched  manually;
4. Add "automatic selection" option to the node selection part;
5. Verify the password before user operates "delete and quit"  in the settings, ;
6. Add "detailed" option to the transaction record;
7. Support read-only wallet, KEY input will be splitted into two input boxes;
8. Add Network disconnected info at first page;
9. Require password verification before transcation;
10. Add private key function to see anonymous transaction detailes ;
11. Optimize transaction record query;
12. OPtimize web and mobile wallet database storage (background only);

Also, PC wallet will be realeased soon, which brings extremely perfect user experience.

[wqw]

Next version of DMC mobile wallet will add below features/functions:
1. Support coin exchange function;
2. Add biometric verification, such as fingerprints;
3. Wallet language can be switched  manually;
4. Add "automatic selection" option to the node selection part;
5. Verify the password before user operates "delete and quit"  in the settings, ;
6. Add "detailed" option to the transaction record;
7. Support read-only wallet, KEY input will be splitted into two input boxes;
8. Add Network disconnected info at first page;
9. Require password verification before transcation;
10. Add private key function to see anonymous transaction detailes ;
11. Optimize transaction record query;
12. OPtimize web and mobile wallet database storage (background only);

Also, PC wallet will be realeased soon, which brings extremely perfect user experience.

Which languages does the version support?

[yjbg]

Permanent Discord link: https://discord.gg/2yUB8eN

[qwe1]

DMC Foundation
We are preparing for the Foundation and we are planning to recruit members of the Foundation in the community and welcome friends with relevant experience to join. At present, there are already well-known exchanges to contact us, but we still believe that we should start trading on the exchange after the dpos function is online.

[qwe1]

Interesting

Url ：https://www.unknown.fund/

[yjbg]

Why use technology based on Monero？

[qwe1]

Why use technology based on Monero？

We are endeavoring to create a safeguarded DeFi chain, which means the most important factor of success is security and stability. Monero is the only anonymous public chain with no major security incidents happening on a large scale. The security and stability of Monero is the only reason we choose our project based on Monero’s technology direction.

[yjbg]

Why use the CPU solo mining algorithm?

[qwe1]

Why use the CPU solo mining algorithm?

Because CPU mining is fairer and more decentralized. If using a GPU mining algorithm, we believe the project will have little chance of success. China's GPU and ASIC mining groups will immediately switch their hash rate to our projects. This will cause hash rate centralized problems and will affect the early CPU miners who really support our project. Most of the miners will sell their coin without any hesitation, which will also affect the progress of the project and our DeFi platform. At the same time, we will also constantly be developing and researching new PoW algorithms to resist the power advantage of GPU, FPGA and ASIC.

[xli]

Why is the transaction fee very high?

[qwe1]

Why is the transaction fee very high?

Because our project’s positioning is to be a financial infrastructure, and maintaining the security and stability of this network requires a lot of expenses; therefore, we set the transaction fee to 1/3-1/5 of the traditional financial enterprise. This ecology has more revenue to secure better and safer services.

[qwe1]

Update:
During the DPoS test process, Audit team found that the receiving address of the staking revenue is exposed to the verification part. Although the transaction still keeps anonymous, it is still not acceptable by dev team. We will never compromise on the topic of anonymity. Thus we decided to speed up the development of the sub-address function and use sub-addresses in the DPoS design!

[qwe1]

One of our community memeber who comes from US suggested DMC mobile wallet support some payment features Paypal, Wechat and Alipay have -> DMC can be called by web and other app when payment is require. We think it is a very good suggestion and enhance DMC user experience from the view of anonymous cryptocurrency, a real world anonymous libra, A world that you can pay seucre without any EYE WATCHING YOU. This function will be added into our roadmap. Also DMC mobile wallet can be a real wallet support different coins exchange seamless. We are busy at dev work now and  hope everything goes well  before Xmas.

[qwe1]

Darma telegram has been established.Welcome aboard: https://t.me/DarmaCash

[qwe1]

We have found that large hash rates have been switched to the dmc network and will keep an eye on it, looks like hacker's activity. We have too much development work these days and don't have time to modify the PoW algorithm, but we have a plan to design a new PoW algorithm, which will consume more memory and network bandwidth. The new PoW algo will also result the difficulty of developing mining pools, which in turn bring  more nodes and participants to DMC and preventing hackers from hash rates dominance to a certain extent.  We believe that the emergence of mining pools affects decentralization, resulting in too few full nodes on the network. We will find a  way to balance the mining pool and full nodes.
We will never compromise on the issue of decentralization.

[yjbg]

Why use the CPU solo mining algorithm?

Because CPU mining is fairer and more decentralized. If using a GPU mining algorithm, we believe the project will have little chance of success. China's GPU and ASIC mining groups will immediately switch their hash rate to our projects. This will cause hash rate centralized problems and will affect the early CPU miners who really support our project. Most of the miners will sell their coin without any hesitation, which will also affect the progress of the project and our DeFi platform. At the same time, we will also constantly be developing and researching new PoW algorithms to resist the power advantage of GPU, FPGA and ASIC.

thanks

[qwe1]

Recently, We have a new team member on board who comes from the Bay Area and the University of California, Berkeley. He is familiar with Japanese and Chinese. He is also good at communication and we expect DMC project informaiton (doc, progress, news) will be more transparent in the future with his skills involved.

[qwe1]

The DMC project team has decided that Smart Contract will use a WASM-based virtual machine and the latest zero-knowledge proof algorithm (plonk). We will continusly provide updated crypto libraries to secure the ease use of SC. DMC SC supports C/C++/GO language and provides a complete development environment/Compiler.

[qwe1]

DMC's IOS mobile wallet needs community help. We need an available company developer Apple account to publish the wallet app. The DMC team will provide a reward of 50,000 DMC. DM us if you can provide us a favor.