Bamboo: New crypto using ED25519 signing keys

[mrpandabear]

Hi Guys,

I wrote a bitcoin like cryptocurrency called BAMBOO (formerly known as PandaCoin):
https://github.com/mr-pandabear/bamboo

Bamboo makes use of ED25519 https://ed25519.cr.yp.to/ which has half the public key size of SECP256k1 (the signing scheme used by BTC and ETH)... the verification speeds of ED25519 are empirically 8-10x that of SECP256k1. All of this means we can have much lower block minting times with larger transaction counts per block as well as faster startup times for new nodes. Other notable differences from bitcoin:
- 25k transactions per block
- 90 second block mint time
- Account-based model instead of UTXO model

The goal of the currency is to be an efficient store of value with fast transactions built with minimal, elegant code.

The first iteration of the chain has just launched and you can view the block explorer here:
http://ec2-34-218-176-84.us-west-2.compute.amazonaws.com/

Quick start scripts for installing a Bamboo node for Ubuntu & Centos can be found here:
https://github.com/mr-pandabear/bamboo-utils

Best,

Mr. PandaBear

You can reach us on:
Reddit @ https://www.reddit.com/r/bmb_official/
Twitter @ https://twitter.com/bmb_bamboo
Telegram @ http://t.me/teampandacoin
Discord @ https://discord.gg/2m9m2cnBk7

[ttl99]

I'm interested, how can I help?

[mrpandabear]

Do you have Mac or Linux? If so I can send you the pre-compiled binaries for running the miner.

If you have an AWS account you could also setup a node -- I have a starter shell script for Ubuntu 18.02 that installs everything end to end.

[MMOStars]

Binaries for windows?

[mrpandabear]

I can generate binaries for windows, yes.

[AllForOneA41]

I can generate binaries for windows, yes.

where I can download prebuild release for windows or linux ?
Or make a step by step guide on how to compile it on linux , preffer windows release

[AllForOneA41]

I can generate binaries for windows, yes.

Any eta

[ttl99]

hello I use windows if you can send me the binaries to run the miner I will gladly support the coin, greetings

[ttl99]

By the way, if you already have the wallet for the currency, please also send it to me to install it.
lucck 

[mrpandabear]

Okay guys! I've gotten the Linux miner binaries up here:
https://github.com/mr-pandabear/panda-miners

You can also see the status of the network:
http://ec2-34-218-176-84.us-west-2.compute.amazonaws.com/

[AllForOneA41]

Okay guys! I've gotten the Linux miner binaries up here:
https://github.com/mr-pandabear/panda-miners

You can also see the status of the network:
http://ec2-34-218-176-84.us-west-2.compute.amazonaws.com/

Nice explorer looks great can You make some documentation on how to transfer coins ?

[AllForOneA41]

I would also know what is a block confirmation time or how many blocks are needed to confirm.
Im asking becasue in my miner window I see confirmed amount is grather than I see in explorer.
So why there is mismatch with balaces comparing inside miner and explorer do I need to wait till all mined coins confirm ?

[cm952777]

How to create a wallet and mine in windows? Can you provide windows operation methods?

[mrpandabear]

So there is a slight bug in the miner that shows the pre-tax amount. There is a 2.5% tax that goes to founder wallets for the first 2M blocks. There are up to 100k founder wallets. I will post a keygen app that will enable you to create a founder wallet later tonight.

The basic idea behind the founder wallet is that it is a keypair you have to mine... so it takes about ~2 hours to get a founding wallet. Once you have it you earn from the transactions of the network... these payouts are given once every 10k blocks. If your miner is setup with a founder wallet than you will receive the full amount shown by the miner in it's output.

ALSO the miner only shows the totals made since you started running it, not the total balance in your wallet. For that you should check the block. I'm going to make some UX improvements today to help clarify these things.

There is a CLI that can be used to send transactions.  Unfortunately there is a slight bug in the mempool that I'm trying to fix today that makes it difficult to confirm transactions.

Windows is still on the back burner -- I think I will need to hire someone on upwork to do the conversion.

[wanganxiu]

It's kind of like a scam. . . This is unfair to start, and the windows wallet is not prepared

[mrpandabear]

The founder wallet is open to anyone and the keygen only takes a few hours to generate. It is meant to reward the people who join the network early on (up to 100k users). If you think that's a poor idea I can remove the taxes for future blocks.

My thought was that having founder wallets would incentivize folks to grow the network, since they receive a fee of 2.5% of transactions for 2 years on it but maybe I'm mistaken. This is day 2 of the chain being up so it's not impossible to update the nodes so that the tax is not applied after block 4000 or so. What do people think?

I don't think it is a scam -- it is clearly stated in the readme on github, but I understand if it's a poor idea.

[mrpandabear]

Okay. I decided to remove the tax -- pushing an update soon. Hang tight! Network will be down for an hour or so.

[mrpandabear]

Network is back up. I pushed a fork that removed all taxes -- so balances should reflect the full amount.

[wanganxiu]

It is possible to collect taxes, at least you start fairly. . The windows wallet also needs to be released. Let everyone participate. . Instead of a few people mining there, mining a lot of coins

[AllForOneA41]

It is possible to collect taxes, at least you start fairly. . The windows wallet also needs to be released. Let everyone participate. . Instead of a few people mining there, mining a lot of coins

The early addopters are always revarded with coins this is how it is when we will get any Discord or Telegram channel ?



[ERROR] 11-24-2021 18:48:20: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:22: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:23: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:25: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:26: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:27: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:29: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:30: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:31: run_mining: Could not get chain length from any host
[ERROR] 11-24-2021 18:48:33: run_mining: Could not get chain length from any host


network down

So there is a slight bug in the miner that shows the pre-tax amount. There is a 2.5% tax that goes to founder wallets for the first 2M blocks. There are up to 100k founder wallets. I will post a keygen app that will enable you to create a founder wallet later tonight.

The basic idea behind the founder wallet is that it is a keypair you have to mine... so it takes about ~2 hours to get a founding wallet. Once you have it you earn from the transactions of the network... these payouts are given once every 10k blocks. If your miner is setup with a founder wallet than you will receive the full amount shown by the miner in it's output.

ALSO the miner only shows the totals made since you started running it, not the total balance in your wallet. For that you should check the block. I'm going to make some UX improvements today to help clarify these things.

There is a CLI that can be used to send transactions.  Unfortunately there is a slight bug in the mempool that I'm trying to fix today that makes it difficult to confirm transactions.

Windows is still on the back burner -- I think I will need to hire someone on upwork to do the conversion.

how long the network will be down ?

[moderator's note: consecutive posts merged]