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Author Topic: [ANN] Cinni | Mandatory: Convert your Cinni to Stakecoin. Instuctions posted.  (Read 739043 times)
klopper
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June 09, 2014, 03:03:54 PM
 #8621

Is there any announcement today?
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June 09, 2014, 03:04:23 PM
 #8622

Current CINNI market cap is: $ 1,189,807

I'm expecting at least XC ($3.4mil) territory once the wallet is released and up to BC ($12mil).

So... 300% to 1000% increase from now.  Grin

$1 is only 15 million market cap well slightly over

I'm expecting it to surpass $1 (150k sat) maybe after the proof of anonymous transfer / whitepaper is released. (but I hope I'm horribly under estimating it)
Once CINNI wallet is fully featured, I expect it to go beyond DRK market cap of $40mil. (~$3 per CINNI coin) (I hope this is a terrible under estimation also)

But yeah, let's get AEM (AnonEncMess) out of the way first. Grin

seems like cinni will crash the roof  Grin
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June 09, 2014, 03:06:54 PM
 #8623

Is there any announcement today?

There was announcement that all going as planned, and new wallet will be released this week.
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June 09, 2014, 03:12:52 PM
 #8624

Is there any announcement today?

There was announcement that all going as planned, and new wallet will be released this week.

Cinni's EM feature will be anonymous as well as the transactions (but anon transfers will be added in a second update soon to follow). 

I just spoke to the coders and I should be able to update everyone sometime today with a fairly accurate release date for the wallet with anon encrypted messaging.  Also, I have asked the coders to provide me with a whitepaper as well as a screen-capture video that demos & explains the anon EM feature (these will be posted prior to release).

Edit** Whitepaper and Video should be finished and posted here by this evening (EST)
 
It is 100% new code.  Also, it will not face any of the bloat issues that VRC is currently dealing with.  VRC crashed after ~1000 messages were sent in a period of a few minutes.  We have tested successfully multiple times of near 2000 messages on our system sent within a 20 second period -- and no issues whatsoever.  But it should also be noted that our EM system is uniquely different from VRC (which only sends money transfers via SMS, unless I am mistaken).  Cinni's anon Encrypted Messaging system will revolution the way wallets are used.   

Greater detail will be provided today with the WP and demo video of the method we use for EM and how it works.
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June 09, 2014, 04:25:14 PM
 #8625

STill waiting for the prommised rest payment from the pool..
Please send it.. thx

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Uran0s
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June 09, 2014, 05:04:14 PM
 #8626

I think it's the last chance to buy cinni so cheap Cheesy
Vrontis
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June 09, 2014, 06:13:37 PM
 #8627

I think it's the last chance to buy cinni so cheap Cheesy

I have to agree.I see that we will have an rising trend this week on Cinni.

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June 09, 2014, 08:08:14 PM
 #8628

I think it's the last chance to buy cinni so cheap Cheesy

I have to agree.I see that we will have an rising trend this week on Cinni.

We can reach the price 150-200 Ksat easily when people will know about this anon features of Cinni. Only 15 million coins


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OATH

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SxC
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June 09, 2014, 08:09:30 PM
 #8629

I think it's the last chance to buy cinni so cheap Cheesy

I have to agree.I see that we will have an rising trend this week on Cinni.

We can reach the price 150-200 Ksat easily when people will know about this anon features of Cinni

Soon as the WP and video is released later today we will start to take off
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June 09, 2014, 08:18:56 PM
 #8630

After dark failure, cinni have unique possibility to rise in to crypto currency world. The only thing we need is to have nice and smooth new wallet release. I'm still holding, this is a real long term investment.  Cool
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June 09, 2014, 08:20:43 PM
 #8631

how has dark failed?  did i miss anything new on it? 
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June 09, 2014, 08:46:06 PM
Last edit: June 09, 2014, 10:57:57 PM by battbot
 #8632

***Sneak-peak Update***

Here is a basic breakdown of how Cinni's anon Encrypted Messaging feature will work (An in-depth explanation will be provided later tonight with release of the white paper):

Cinnicoin Encrypted Messaging Details:

Basic Method:
  • The Elliptic Curve Diffie-Hellman (ECDH) key exchange method is used to share a secret key between the sender and receiver.
  • The sender generates the secret key using a newly generated random private key and the recipient's public key.
  • The payload is encrypted using AES-256-CBC with the first 32 bytes of the SHA512 hash of the secret key.
  • If not sending anonymously the sender's address and compact signature are included in the payload.
  • The encrypted payload and the public key of the newly generated keypair are sent to the recipient. The recipient generates the same secret key with their private key that matches the public key used by the sender and the public key included in the message.
  • The payload is decrypted using the hashed secret key.
  • The encrypted messages are stored on the filesytem in buckets by time and distributed to all nodes.
  • It is not possible to tell the sender or receiver of the message from the encrypted message without having the private key of the recipient. [1]
  • The messages are stored for 48 hours and are then deleted.
  • Each node checks every message received from the network against all the addresses it owns. If a match is found a copy of the encrypted message is stored in the node's inbox database.

Additional Features:
  • When not sending anonymously the sender's compact signature not only verifies that the message came from the owner of the address, but also enables the public key to be recovered allowing the recipient to reply even if the sender's address has no public key in the blockchain.
  • Incoming transaction blocks are scanned for public keys.

(Again, this is just a basic explanation of what is already implemented in the wallet to be released this week.  A screen-cap video that demos & explains Cinni's EM feature will be released shortly alongside the WP)
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June 09, 2014, 09:01:47 PM
 #8633

***Sneak-peak Update***

Here is a basic breakdown of how Cinni's anon Encrypted Messaging feature will work (An in-depth explanation will be provided later tonight with release of the white paper):

Cinnicoin Encrypted Messaging Details:

Basic Method:
  • The Elliptic Curve Diffie-Hellman (ECDH) key exchange method is used to share a secret key between the sender and receiver.
  • The sender generates the secret key using a newly generated random private key and the recipient's public key.
  • The payload is encrypted using SHA256 with the first 32 bytes of the SHA512 hash of the secret key.
  • If not sending anonymously the sender's address and compact signature are included in the payload.
  • The encrypted payload and the public key of the newly generated keypair are sent to the recipient. The recipient generates the same secret key with their private key that matches the public key used by the sender and the public key included in the message.
  • The payload is decrypted using the hashed secret key.
  • The encrypted messages are stored on the filesytem in buckets by time and distributed to all nodes.
  • It is not possible to tell the sender or receiver of the message from the encrypted message without having the private key of the recipient. [1]
  • The messages are stored for 48 hours and are then deleted.
  • Each node checks every message received from the network against all the addresses it owns. If a match is found a copy of the encrypted message is stored in the node's inbox database.

Additional Features:
  • When not sending anonymously the sender's compact signature not only verifies that the message came from the owner of the address, but also enables the public key to be recovered allowing the recipient to reply even if the sender's address has no public key in the blockchain.
  • Incoming transaction blocks are scanned for public keys.

(Again, this is just a basic explanation of what is already implemented in the wallet to be released this week.  A screen-cap video that demos & explains Cinni's EM feature will be released shortly alongside the WP)
Thank you very much! I think we can discuss about details once the whitepaper is released.
Just one thinking: the storage time of messages should not be fixed at 48hrs. Especially if this system will be used by merchants in any way you cannot guarantee it will be processed within 48 hrs (on both sides of the trade). Maybe the timeframe should be extensible by paying extra 0.01 CINNI or similar?
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June 09, 2014, 09:03:24 PM
 #8634

We have our reasons for implementing a 48 hour time-stamp.  It will all be fleshed out in greater detail shortly.  However, time-frame can be easily fine-tuned later.  This will be the system in place for now upon release.  
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June 09, 2014, 09:06:11 PM
 #8635

And again we have updated medium-term maximum)))))) Oh yeah baby!)))
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June 09, 2014, 09:14:43 PM
 #8636

sounds great
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June 09, 2014, 09:25:43 PM
 #8637

how has dark failed?  did i miss anything new on it? 

look at the price next week  Wink
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June 09, 2014, 09:54:07 PM
 #8638

50K at least this week , it will be much more but i stay realistic
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June 09, 2014, 09:59:18 PM
 #8639

50K at least this week , it will be much more but i stay realistic

50K sat increase per week for the next 4 weeks. Grin

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June 09, 2014, 10:01:09 PM
 #8640

***Sneak-peak Update***

Here is a basic breakdown of how Cinni's anon Encrypted Messaging feature will work (An in-depth explanation will be provided later tonight with release of the white paper):

Cinnicoin Encrypted Messaging Details:

Basic Method:
  • The Elliptic Curve Diffie-Hellman (ECDH) key exchange method is used to share a secret key between the sender and receiver.
  • The sender generates the secret key using a newly generated random private key and the recipient's public key.
  • The payload is encrypted using SHA256 with the first 32 bytes of the SHA512 hash of the secret key.
  • If not sending anonymously the sender's address and compact signature are included in the payload.
  • The encrypted payload and the public key of the newly generated keypair are sent to the recipient. The recipient generates the same secret key with their private key that matches the public key used by the sender and the public key included in the message.
  • The payload is decrypted using the hashed secret key.
  • The encrypted messages are stored on the filesytem in buckets by time and distributed to all nodes.
  • It is not possible to tell the sender or receiver of the message from the encrypted message without having the private key of the recipient. [1]
  • The messages are stored for 48 hours and are then deleted.
  • Each node checks every message received from the network against all the addresses it owns. If a match is found a copy of the encrypted message is stored in the node's inbox database.

Additional Features:
  • When not sending anonymously the sender's compact signature not only verifies that the message came from the owner of the address, but also enables the public key to be recovered allowing the recipient to reply even if the sender's address has no public key in the blockchain.
  • Incoming transaction blocks are scanned for public keys.

(Again, this is just a basic explanation of what is already implemented in the wallet to be released this week.  A screen-cap video that demos & explains Cinni's EM feature will be released shortly alongside the WP)

Awesome update battbot!

Hopefully you can export / auto-archive the messages off locally. I'm sure it'll all come in due time.  Smiley
I would also love a mobile app that can remote access / control my desktop wallet. That'll be cool.

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