[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet

[micryon]

Don't see any code for any anonymous feature in github repo, btw.. nor any branches..

Maybe I'm missing something?

[Teka]

Coin itself is open source, anon features aren't.

[Taner]

Don't see any code for any anonymous feature in github repo, btw.. nor any branches..

Maybe I'm missing something?

Its closed. It will not open source any time soon.

[micryon]

How can we validate that anonymity is actually working, and/or is decentralized?

Is there a whitepaper?

[Taner]

How can we validate that anonymity is actually working, and/or is decentralized?

Is there a whitepaper?

You can download the wallet and try it. (for now just in console :  sendfrommixer <fromaccount> <toX11Coinaddress> <amount>  ) Use small amount like 0.0002
GUI support coming next release.

[DarshUX]

I had the same question, was just checking out the Github repo.  Don't see any major commits.  Just a few commits for changing the POW max number of units. Sorry if this is a dumb question, but with all the scams going around these days you can't be too safe.

[Taner]

I had the same question, was just checking out the Github repo.  Don't see any major commits.  Just a few commits for changing the POW max number of units. Sorry if this is a dumb question, but with all the scams going around these days you can't be too safe.

Its not scam coin don't worry.

[micryon]

How can we validate that anonymity is actually working, and/or is decentralized?

Is there a whitepaper?

You can download the wallet and try it. (for now just in console :  sendfrommixer <fromaccount> <toX11Coinaddress> <amount>  ) Use small amount like 0.0002
UI support coming next release.

But how does it work?  Is it just sending to some mixer node that is pre-setup to mix coins?  

I'm not sure how true anonymity can be built into a coin if it's not in the actual block creation source code... (which obviously has none of that code on github).

Unless it's just sending to some central mixer server somewhere to get a redirection.  (which would be a valid way to do it but somewhat less impressive of an implementation ).

[Taner]

How can we validate that anonymity is actually working, and/or is decentralized?

Is there a whitepaper?

You can download the wallet and try it. (for now just in console :  sendfrommixer <fromaccount> <toX11Coinaddress> <amount>  ) Use small amount like 0.0002
UI support coming next release.

But how does it work?  Is it just sending to some mixer node that is pre-setup to mix coins?  

I'm not sure how true anonymity can be built into a coin if it's not in the actual block creation source code... (which obviously has none of that code on github).

Unless it's just sending to some central mixer server somewhere to get a redirection.  (which would be a valid way to do it but somewhat less impressive of an implementation ).

Please read 243 pages

[braxx]

wow xc has as many volume as litecoin...
amazing...

[fedmahnkassad]

http://chainz.cryptoid.info/xc/#!rich

Top 10   1,964,504 XC   35.65 %
Top 100   4,270,236 XC   77.48 %


Let's talk about how decentralized this coin is, only a handful own most of the coin.

would like to hear thoughts from dev (atcsecure)

Well I find it interesting the dev isn't in the TOP 5... I would say that some people have either spent a lot of money to acquire XC's either via mining or through the exchanges

Let's not forget that a lot of the top addresses belong to exchanges and you don't get to see the balances of different people on those exchanges. In fact XC ownership is a lot more spread than that list shows

[micryon]

Please read 243 pages

Doing a random sampling of those 243 pages reveals that it's mostly posts on P&D... not much useful technical information.  If I'm missing it please link to the posts.

Otherwise it would be very helpful to have some credible whitepaper published, especially if you are going closed source route... just my opinion.

[JesstersDead]

How can we validate that anonymity is actually working, and/or is decentralized?

Is there a whitepaper?

You can download the wallet and try it. (for now just in console :  sendfrommixer <fromaccount> <toX11Coinaddress> <amount>  ) Use small amount like 0.0002
UI support coming next release.

But how does it work?  Is it just sending to some mixer node that is pre-setup to mix coins?  

I'm not sure how true anonymity can be built into a coin if it's not in the actual block creation source code... (which obviously has none of that code on github).

Unless it's just sending to some central mixer server somewhere to get a redirection.  (which would be a valid way to do it but somewhat less impressive of an implementation ).

Most up to date info on XC specifications: http://www.reddit.com/r/XCofficialreddit/comments/26px5q/community_qa_week_1/

May not answer all your questions, but from what I have gathered, the current implementation is mixer based off a masternode. Revision 2 will utilize decentralized nodes in the sense that any wallet can act as an xnode and will utilize a separate protocal which can be run over TOR. Would be cool if android wallets supported xnode functionality, though just being able to stake will be nice.

[ReRunRod]

http://chainz.cryptoid.info/xc/#!rich

Top 10   1,964,504 XC   35.65 %
Top 100   4,270,236 XC   77.48 %


Let's talk about how decentralized this coin is, only a handful own most of the coin.

would like to hear thoughts from dev (atcsecure)

Well I find it interesting the dev isn't in the TOP 5... I would say that some people have either spent a lot of money to acquire XC's either via mining or through the exchanges

Let's not forget that a lot of the top addresses belong to exchanges and you don't get to see the balances of different people on those exchanges. In fact it's a lot more spread than that list shows

Right, I know I have like 5 addresses that hold my sharecoins. Never keep all my coins In one address

[fedmahnkassad]

Please read 243 pages

Doing a random sampling of those 243 pages reveals that it's mostly posts on P&D... not much useful technical information.  If I'm missing it please link to the posts.

Otherwise it would be very helpful to have some credible whitepaper published, especially if you are going closed source route... just my opinion.

Ah, mate. It must suck recently being the lead developer of AsiaCoin.

[ALTCOIN_N]

Don't see any code for any anonymous feature in github repo, btw.. nor any branches..

Maybe I'm missing something?

Its closed. It will not open source any time soon.

If it is open source, scammers will copy and paste crazy

[BEECoinfan]

Just to organize some info for everyone:

Link to NEW Wallet (with anon transfers):  https://mega.co.nz/#!gRVCgZ4Z!eqxLqh1L10HHBxG8KTi3Z3T7_nGg6GvQOwwfkfCKWRU

Distribution changes: PoW blocks reduced.  Now 32,500 blocks @ 333 per block.  
Estimated Total Supply: 10.8 million XC

Visio on how the anonymous transfers work:  

Don't forget these!

For those looking for some more details... check out the link, our design incorporates some of the features from dual path paradigm concepts, although we are advancing this concept to be multi-path paradigm, and we will implement on top of tor to provide a high level of anonymity

http://eprint.iacr.org/2009/385.pdf
http://arxiv.org/ftp/arxiv/papers/1208/1208.3022.pdf


The principles for this concept come from a design that I originally leveraged back in 2005,[multi-path paradigm] the system still runs to do this day handling 50k to 100k users per day


also the infrastructure for this will support numerous other applications, such as encrypted messaging, P2P exchange..etc granted we can only develop new features so fast, but we are putting the foundation for a multi-use, multi-purpose platform

one the of the details we are still working out is the autonomous "supernode" function and best methods to prevent bad-actors.. We have implemented PKI and will leverage that as part of entire solution

I wanted to provide some more answers about the decentralized anonymous solution and how it will work


- 100XC to 1000XC's Required (#'s still being vetted)

- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)

- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>

- no masternode or supernode required to communicate xnodes to clients

- fully decentralized


Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less

Here is a fraction of the information.  If everybody did a bit of research instead of asking everybody to spoon you information you will learn who the Dev is, and the fact he has been coding since at least 1992 as well as working on high level encryption and security.  His real name is out there, XC is probably the only good investment Alt coin at the moment!

[micryon]

May not answer all your questions, but from what I have gathered, the current implementation is mixer based off a masternode. Revision 2 will utilize decentralized nodes in the sense that any wallet can act as an xnode and will utilize a separate protocal which can be run over TOR. Would be cool if android wallets supported xnode functionality, though just being able to stake will be nice.

Thanks.. so from this q&A it seems the current implementation is basically a centralized mixer server/node implementation.  Which makes sense to me..  and how i can see this being closed source.  

Basically somewhat like what you can already do with any coin by sending coins to exchanges, and then sending it from exchanges -> another address.

I think decentralization may be quite the challenge to implement... I'll look back if this actually achieves implementation and code posted for it.. that would be interesting to see.

Code:

Anonymity

1. Q) What does 'Xnode' mean? Any details?*

        - Xnode is the s/w that runs the anonimizer.

         - Xnode talks with client and provides TX details.

2. Q) What is next? Do you have a set schedule?

          - Next is to continue development on the decentralized anonymous solution. Current schedule is 3-4 weeks.

3. Q) Why v0.9.1.4x11-coin-1.0 is an anonymous wallet even if the 'Anonymous Transactions' are under development?

           - You can use the feature now but is not multi-path paradigm technology that is what is being developed.

[micryon]

Please read 243 pages

Doing a random sampling of those 243 pages reveals that it's mostly posts on P&D... not much useful technical information.  If I'm missing it please link to the posts.

Otherwise it would be very helpful to have some credible whitepaper published, especially if you are going closed source route... just my opinion.

Ah, mate. It must suck recently being the lead developer of AsiaCoin.

It doesn't suck or not suck.. I'm just asking questions to help the community here.. just like i helped the AC community.  take it or leave it.. shrug..

[Teka]

I want to buy a steam key for watchdogs! I will only pay in XC .