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Author Topic: [ANN] [IndexChain-IDX] Safe+Private+Hybrid POW/ POS/ MN ♔♕  (Read 4851 times)
IndexChain
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March 26, 2020, 02:45:30 AM
Last edit: April 09, 2020, 05:07:11 AM by IndexChain
 #1




Index Chain is First private hybrid currency of POW / POS / MASTERNODE based on blockchain, a framework that is built on the basic protocol of Bitcoin and incorporates multiple improvements and additional technologies in that protocol to make it perfectly anonymous, secure, economical, and efficient for all the users. A wide range of the technologies have been used in their latest and most up-to-date versions, and all the flaws in Bitcoin’s infrastructure regarding security and anonymity have been addressed appropriately. A hybrid PoS and PoW (X16RV2), Sigma Protocol, Dandelion++ technology, Masternodes, Lelantus, and much more has been unified into one absolutely anonymous currency – Index (IDX).


NAME: INDEX CHAIN
TICKER: IDX
ADDRESS LETTER: i
ALGORITHM: x16rv2
MAX SUPPLY: 350.000.000
BLOCK TIME: 60 Seconds (1 minute)
BLOCK TYPE: Hybrid PoW/PoS/MN
MASTERNODE COLATERAL: 5000 IDX
BLOCK REWARD: 1 Coin Per BLOCK.
MASTERNODE - 70% Reward (0.7 coins per Block)
POS – 15% Reward (0.15 ~ 0.30 coins per Block)
POW- 15% Reward (0.15 ~ 0.30 Coins per Block)
COINBASE MATURITY: 100 Blocks
STAKE MATURITY: 100 MIN
MASTERNODE CONFIRMATIONS: 15
MASTERNODE MATURITY: 30 min
P2P PORT: 7082
RCP PORT: 8888


REWARD BLOCKS:

--1° year Reward Block:              1.00 Coin           15% PoS     15% PoW    70% Masternode
--2° year Reward Block:              0.80 Coin           15% PoS     15% PoW    70% Masternode
--3° year Reward Block:              0.64 Coin           15% PoS     15% PoW    70% Masternode
--4° year Reward Block:              0.51 Coin           15% PoS     15% PoW    70% Masternode
--5° year Reward Block:              0.40 Coin           15% PoS     15% PoW    70% Masternode
--6° year Reward Block:              0.32 Coin           15% PoS     15% PoW    70% Masternode
--7° to 25° year Reward Block:   0.27 Coin           15% PoS     15% PoW    70% Masternode


Security and Anonymity
The security of Index Chain construction stems from the mechanism that makes each coin commitment perfectly hidden and each signature proof computationally zero-knowledge. These two points can ensure that the adversary has, at most, a negligible advantage in guessing which coin took part in a transaction. To integrate Index into Bitcoin, we chose to minimize the costs for verification of the transaction in the blockchain. As the system of Bitcoin entailed verification of the proof at each level or each node of the blockchain, the proofs grew increasingly complex and costs increased. Index aims to combat the issue by removing the need for the proof to be verified at each node through repeated iteration of the same proof at multiple points.
Index was shaped by modifying bitcoind that was the original open-source Bitcoin C++ client by adding instructions to the Bitcoin script for minting and spending coins, adding transaction types and codes for handling these new instructions, and maintaining the list of spent serial numbers and the accumulator. The Charm cryptographic framework was used to implement cryptographic instructions in Python, and we used Boost’s Python utilities to call that code from within bitcoind. Nodes of the blockchain were divided into Index-aware nodes and normal Bitcoin nodes, and measures were taken to make every transaction that even passed through a single Index-aware node anonymous and safe.
The most important thing that is used to prevent theft and attacks is the promotion of anonymity by keeping a balance in the mint and spend of coins. The number of minted and spent coins is visible to all users in the system, removing the information asymmetry in the systems in which the coins were visible only to the trusted parties. Even with all these measures taken to improve Bitcoin’s infrastructure and protocols, there are major flaws that afflicted Index as well.

Sigma Protocol
The Sigma privacy protocol represents a very important innovation in blockchain privacy, as it combines the high privacy of zero-knowledge proof schemes (ZKP), without many associated disadvantages, bringing great improvements to the IndexChain protocol. It provides an attractive alternative to zkSNARKs, with high anonymity and great performance, but it does so at the cost of reliable configuration, exotic encryption and complicated constructions. Sigma was originally introduced in the blockchain system as the next Zcoin replacement for Zerocoin.

Exodus Protocol
We bring along the entire blockchain system of IndexChain, implementing the Exodus protocol, facilitating the use of smart contracts, personalized currencies/tokens and even decentralized exchange functions. This layer expands the utility and functionality of the IDX blockchain so as not to affect its core functions as a digital currency.

TOR Protocol  
The Tor community with the Crypto community, shared the ideal of privacy and decentralization.  And in 2017, researchers from the University of Waterloo and the University of Concordia, both from Canada, introduced a system based on blockchain technology using onion routing techniques to facilitate anonymous deliveries.
Using the TOR network by the Index Chain protocol protects your IP address and the origin of the transaction with a deep level of anonymity, and as the number of IDX blocks increases, more nodes are added, which makes the network increasingly flexible and secure.

Dandelion++ Protocol  
The Dandelion ++ protocol is an enhanced version of the Dandelion Protocol (which was originally proposed in 2017), to help improve the privacy of the Bitcoin P2P network. Dandelion ++ addresses concerns with the original protocol and has been implemented by the research team with a positive response from Bitcoin development teams.
Dandelion ++ is a direct network layer solution with anonymity being incorporated into the IDX network, explicitly enhancing the ideals of the original Dandelion proposal and differs from most broadcast communication anonymity protocols in addressing usage objectives and analysis metrics.

Proof of Work (PoW) X16R-V2
IndexChain uses the Proof-of-work (POW) X16R-V2. The X16R algorithm was changed into X16RV2 by Ravencoin on the 1st of October 2019 to make it increasingly ASIC resistant while increasing the hash rate. IndexChain also employs that strategy. mining method in its hybrid system. In cryptography, the Proof-of-work Protocol or PoW is a protocol used for the prevention of cyberattacks such as DDOS and Spam. For this, a system was used where the user must prove that he has spent a certain time to find some answer that satisfies some requirement that the verifier asks for. Finding such an answer must be difficult and laborious for the protocol to work, but not impossible. The verification of this test, on the other hand, should be much faster and easier to be carried out, so as not to allow attacks.

Proof-of-Stake (POS) 3.0
IndexChain uses A Proof-of-Stake (POS) as part of its mining method, but in particular, the most updated and improved version, PoS 3.0. Proof-of-Stake (POS) has proven to be reliable and effective over years of testing and, solving the problems of Bitcoin-derived systems caused by the Proof-of-Work (PoW) protocol. The latest advances in Proof-of-Stake are given the new version of PoS 3.0, from pioneers such as Blackcoin now integrated with Bitbay, solved the problems faced by Coin-Age, Block Reward, Blockchain Precomputation thus making the PoS protocol 3.0 more robust and keeping nodes connected to the network while discouraging inactive nodes.

Masternode
A master node is well different from an ordinary node on the network. A master node is a  cryptocurrency full node that keeps a complete copy of blockchain happenings in real time. A master node also is responsible for other things such as:
* - Ensuring optimal security and privacy of the users
* - Performing on-the-spot transactions
* - Taking part in setting the network standards
Master nodes are not singular in a crypto network but they also communicate with nodes like themselves on the decentralised framework. They are usually referred to as MN. It is however important to note that as much as the functions mentioned above represents the functions of a master node, there could be a little variance depending on the set up of each cryptocurrency.
RUNNING A MASTER NODE
Becoming a master node on any crypto network is not as easy as the entry requirement of being just an ordinary node. A master node is made to stake a huge percentage of their crypto on the network such that if there is any misuse of power, they can be punished by depreciating or depleting their stake.  



RELEASE » DAEMON 16.04 » MASTERNODE SETUP










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March 26, 2020, 02:48:03 AM
 #2

be careful virus
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March 26, 2020, 10:00:57 AM
 #3


*ATTENTION! Many new launched coins contains Viruses and Malwares . Some wallets showing a false malware or virus flag because of the integrated miner. Nevertheless we strongly recommend you to scan the wallets before using it. Use as example https://www.virustotal.com/gui/ to scan the files for malicious ware*

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March 26, 2020, 02:00:46 PM
 #4

POOL Ready

-a x16rv2 -o stratum+tcp://stratum.lucky-pool.online:3637 -u WALLET -p c=IDX
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March 26, 2020, 02:51:39 PM
Last edit: July 09, 2020, 03:21:48 PM by mprep
 #5

nodepow - nothing there for IDX

lucky-pool.online - down can't even connect now



Wallet miner does not work - setgenerated does not generate anything

[moderator's note: consecutive posts merged]
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March 26, 2020, 03:25:32 PM
 #6

it has a lot of problems

please, write a list of possible pools here
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March 26, 2020, 03:45:50 PM
 #7

nodepow - nothing there for IDX

lucky-pool.online - down can't even connect now

lucky-pool.online Fixed)
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March 26, 2020, 08:19:29 PM
 #8

be careful virus
Bro there is no virus, what you see is called a positive bug. You see this because of the integrated mining system that the wallet has. Other currencies with a similar system also have this malware notification.
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March 26, 2020, 08:21:01 PM
Last edit: July 09, 2020, 03:43:36 PM by mprep
 #9

Wallet miner does not work - setgenerated does not generate anything
There is an update being prepared for the next week, together with the launch of the new wallet, it will already be available. You will like the new wallet, fiqye attending our Discord.



it has a lot of problems

please, write a list of possible pools here
We respond to you on the IndexChain discord. Next week, the new wallet will be launched, along with the new updates for the network, so we will already have all partner pools and the links will be available here on IDX bitcointalk and also on all social networks.

[moderator's note: consecutive posts merged]
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March 29, 2020, 01:43:31 AM
 #10

MY2COINS - NEW MINING POOL FOR IDX

Low Fee of 0.4 & Payment every 15 minutes
Mining Pool located in Europe


Stratum configuration to mine IDX:

   IndexChain
-a x16rv2 -o stratum+tcp://stratum.my2coins.com:3949 -u <your wallet address> -p c=IDX


For support contact us on Discord: https://discord.gg/EHqWSgS

My2Coins https://www.my2coins.com
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March 29, 2020, 11:54:29 AM
 #11

reward for pow mining is only 0.03 coins? will it be worth more if later it is listed on the exchange?
I also think. Or sell part of the coins now, and part after the coins start trading on the exchange.
It is necessary to distribute everything in a percentage ratio.

how are you going to sell your coins if there is no exchange yet? the reward is really small, and there is no indication how much would it be valued in exchanges? this will only be valuable if there will be actual application in the market. I don't know how they can actually provide financial freedom here. very vague and generic approach.

ordinary computer can mine?


I think Every computers can miner this coin, this is very good!
Yes, this is one of the main advantages of MN, POW and POS.
Earlier, I did not understand how to use these services and functions, but then after training it began to bear fruit and I can make money on it.
Please tell us briefly how you can make money on it.

you can only make money here if this coin will have good price in the exchange, after you mine or stake this coin or own a mn, which is usually expensive to own one.

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March 29, 2020, 06:28:34 PM
 #12

What’s meaning 0.1% mining fee and hourly payouts on all coins that you offer?

pool charges a 0.1% mining fee and payouts happen every hour
Cool! The commission is very small.
Regarding payments, does this mean that every user can make a payment once an hour? Or 1 payout per day?

every hour the payouts go out automatically was blocks have confirmed.
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March 30, 2020, 03:28:22 AM
Last edit: July 09, 2020, 03:59:41 PM by mprep
 #13

ordinary computer can mine?

Yes bro, use the "setgenerate true -1" command on your wallet's console. You can also stake the mined coins.



Hi. Do you have a minimum requirement to start using your services?
Can this be done on my personal computer?
There is no minimum requirement, if you want to do pow mining via the wallet you can do it using the setgenerate true -1 command. The stake process you can do with any amount of currency in your wallet, there is no minimum amount. You can mine through the wallet and use the mining reward to stake in the same wallet. If you have an active Masternode, you will receive rewards from the masternode, next to it you can also place the wallet to mine and use the min reward next to the mining reward to generate stake, so you will have 3 passive income methods in your wallet .



Implementing such a project will not be easy. Wish you luck. It seems internet and promising, but today the market is not ready for this, this is my opinion.
By what standard is your token created?
IndexChain is a Zcoin fork, but with new implementations and improvements.



How will the functionality of POW, POS and MN be combined?
And what does a hybrid system mean?
PoS 3.0 is an improved version of the original PoS and generates competition between coin holders, where, based on network connectivity and random odds, you can confirm a block of transactions and receive rewards for coins. This is called betting. It does not require any specific hardware, except a normal computer with an Internet connection, and you will be rewarded in proportion to the amount of coins you have, which makes it fair and decentralized. Currency rewards are determined by annual supply inflation and awarded proportionally to the addresses of that share (equivalent to mining in PoS 3.0)



Is POS 3.0 the latest version of POS?
Please explain briefly how it differs from version 2.0.
Thanks in advance.
I ended up giving your answer in the previous question see the previous answer I gave, I'm sorry.



How will the functionality of POW, POS and MN be combined?
And what does a hybrid system mean?
PoW data mining utilizes high-powered hardware to work through a mathematical problem known as a hash. Numbers are calculated from this solution and create a consensus. Good computer hardware can make this process more efficient. The better the hardware the better the calculations will be. Cryptocurrencies like bitcoin implement this method of consensus to ensure the value of their currency. PoW mining has its advantages, but it doesn’t allow users to participate in the process of verification. This is why some networks turn to PoS mining.

PoS mining allows users to get involved with data mining. It does not have the same hardware requirements as PoW. Instead, blocks are created by individuals who have the largest stakes in the currency. This can be good in some ways. More people mine the currency, but this comes at the cost of equality. Those with more shares have an advantage over other users and will get more rewards.

Considering this, it is best if currencies implement a hybrid  PoW+PoS. This gives users a fair chance to mine for data and currency. At the same time system improves on the security of these systems. No system is perfect alone but combined they have a better chance at maximizing the rewards for all users

In the case of Index Chain, this process is done using PoW / PoS and also with the Masrtenode network. A unique and sustainable system, with no unjust start, using a distributed hybrid system for block generation, eliminating high energy mining while being efficient and low maintenance costs, with a reward system controlled in a way to contain inflation and devaluation in the market in the long run.



Are you already negotiating with exchanges?
Please give a contact how to contact you.
I can help with questions about exchanges.
We will look for exchanges within the Top 35 at the CMC after completing the ICO process. But of course, we will also look for other exchages besides them, but these will be our main focus. We want to make this project unique.



reward for pow mining is only 0.03 coins? will it be worth more if later it is listed on the exchange?
These are the Rewards per block:

--Up 30k blocks Reward Block: 0.1 Coin  15% PoS  15% PoW  70% MN
--1° year Reward Block:  1.00 Coin  15% PoS  15% PoW  70% MN
--2° year Reward Block:  0.80 Coin  15% PoS  15% PoW  70% MN
--3° year Reward Block:  0.64 Coin  15% PoS  15% PoW  70% MN
--4° year Reward Block:  0.51 Coin  15% PoS  15% PoW  70% MN
--5° year Reward Block:  0.40 Coin  15% PoS  15% PoW  70% MN
--6° year Reward Block:  0.32 Coin  15% PoS  15% PoW  70% MN
--7°/ 25° Reward Block:  0.27 Coin  15% PoS  15% PoW  70% MN



Safe+Private?
How it works?
I am interested. If it's not clickbait - I'm in the project!
Do you have a youtube channel with video? To get acquainted with the video materials of your project.
We are preparing live material, as soon as it is available we will advertise our channel on our social networks.



Safe+Private?
How it works?
I am interested. If it's not clickbait - I'm in the project!
Do you have a youtube channel with video? To get acquainted with the video materials of your project.
I would so like to get acquainted with the video materials, so the information is perceived easier. It would be great if the team listened to us and made a video.
Yes, we will. We are preparing live material, as soon as it is available we will advertise our channel on our social networks.



Safe+Private?
How it works?
I am interested. If it's not clickbait - I'm in the project!
Do you have a youtube channel with video? To get acquainted with the video materials of your project.
I would so like to get acquainted with the video materials, so the information is perceived easier. It would be great if the team listened to us and made a video.
I can make informative videos for the team. For free, just as helping the project and respect for the team.
Thank you very much, get in touch with the development team at IndexChain's Discord, we can talk about it and reward you for your work.

[moderator's note: consecutive posts merged]
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March 30, 2020, 07:14:33 PM
 #14

Recently, POS and POW hybrids have become more and more common ...
In this connection? Do these two systems complement each other and work more efficiently?
Yes, indeed, these two technologies previously worked separately, but recently the functionality of these systems has the ability to interact and combine the best qualities of these technologies together.
How do they work individually? And what is the essence of hybridity?
Earlier this question was answered in this thread ... Look at the previous pages.
In short, commission costs are reduced, the processing speed is increased. But I recommend that you get acquainted with this information on the official website or on the reddit.

=====================================================
BILLCRYPT - CREATING HISTORY
=====================================================
IndexChain
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March 30, 2020, 09:25:36 PM
 #15

Are you planning to make a bounty campaign? Or an airdrop?
This will draw attention to the project and new users.
I can help you with this issue...

20000 $DOGE GIVEAWAY FROM INDEX CHAIN ON TWITTER

Giveaway IDX 1: https://twitter.com/WilliecapsWorld/status/1244711759400718336?s=20

Giveaway IDX 2: https://twitter.com/cryptomasters07/status/1244659763075579904?s=19

Tomorrow the invitation reward bot will also be launched on our telegram
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March 30, 2020, 09:27:40 PM
 #16

block 1-51 created 6 million coins each block, total of 306 million coins mined of a total of 350 million to ever be created. largest pre-mine in history???
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March 31, 2020, 01:22:48 AM
 #17

block 1-51 created 6 million coins each block, total of 306 million coins mined of a total of 350 million to ever be created. largest pre-mine in history???
https://bitcointalk.org/index.php?topic=1147063.0
So many don't even know how much eth and xrp is premined
Hbar
Bnb
Lots of coins are premined almost 70 to 90% of supply. Top coins aswell. Qtum also was 100% premine as it was a token first and icod later.
The most shilled coin chainlink has 900mil circ supply. Sorry cic supply is 350 mil. If it's not Bitcoin I can assure you most of them do have premine.
Projects with low pre-mine do not have the resources to maintain themselves in the short term, these are the ones that the devs disappear along the way
Either we have the fund to leverage the project and list in the best top35 exchanges at CMC or we have low pre-mine for small exchanges letting the project die.
People don't look at it when they get into projects
That's what I don't understand about people. Many buy tokens with emission of more than billions in circulation and do not question. But they are amazed by a pre-mine of a coin.
The problem is that many are accustomed to scam projects with little pre-mine, but do not see that the project ahead will have no background to continue, but these guys prefer to enter these projects anyway.
Or are used to small exchanges.
Monero, Dash, Pivx ... all were criticized in the beginning too, but they are at the top today.
IDX is a new technology, with many features and news, we will not create this whole structure to simply let the project get lost. This is a great project.
We have all the structure and technology to make us a Top coin. Dash was instamined and keeps saying it was not a planned instamine. So anyways yeah you have a point.
Sure, then your argument is worth it. You can invest in tokens with billions of coins then and everything will be fine, don't worry  Cheesy
Tell me about EOS, XLM, TRX, MIOTA ...
What currencies do you invest in by chance, since everything is deceptive or is it not cryptography like you said?
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April 01, 2020, 12:17:09 PM
 #18

Hello! What is the percentage of POS, POW and MN?
hi
Proof-of-Work - 10%
Proof-of-Stake - 20%
MasterNode - 70%

=====================================================
BILLCRYPT - CREATING HISTORY
=====================================================
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April 01, 2020, 05:19:52 PM
 #19

Sup miners,  what mining software are you guys using to mine IDX?  I see a few mining pools but no information on the mining software.  Thankx!  I'm liking this project.
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April 01, 2020, 05:48:09 PM
 #20

Sup miners,  what mining software are you guys using to mine IDX?  I see a few mining pools but no information on the mining software.  Thankx!  I'm liking this project.


Cryptodredge works for Nvidia gpu's
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