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

[mr_random]

I collated these points from the developer of things to look forward to in the future, to build upon our already solid foundation:

The mixer technology will be multi-path across a cluster of xnodes which runs over the encrypted protocol, so it won't be a central server, it would be similar to a distributed cluster, and the data is encapsulated inside that encrypted tunnel to prevent off-the wire sniffing (or off-the-air* for the mobile platform)...  DRK didn't "invent" supernodes or the concept, and while some of concepts are similar and/or overlap, we are on a different path than DRK and as we refine the platform, it will be clear why our design, implementation and infrastructure is superior as we will have autonomous supernodes using PKI that can scale up and out to become a distributed anonymous application platform

This is why the multi-path paradigm network I built back in 2005 still functions to do this day and scaled up to meet the demands of 2014... think back to 2005, granted we had the internet, but not the mobile technology - and that is a key part of my background is mobility that will be leveraged in the android anonymous POS wallet

(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 )

If your waiting for NSA proof anonymity - well that is the goal of our REV 2 release..

No, mixing is only part of it, XC now contains a completely new transaction protocol layer that is encrypted and will be leveraged as a platform for all sorts of concepts.... and it will leverage multi-path paradigm topology (which again is a custom developed concept based on dual-path paradigm)So mixing is just the first application to run on top of this new protocol........ Don't want this key point to get lost --- mixing is just the first application, the list is long and the potential is huge, and since the foundation has been built and deployed, it is now time to build on that foundation.... with some revolutionary concepts and idea's.....

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

[fearcoka]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

Dont worry im not selling

[Teka]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

Most of these people arent selling, in fact they a messaging me with ideas. Also some of these are most probably exchanges.

[mannie]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

It's quite high but will start to even out with more trading. Keep in mind a lot of the large addresses will be exchanges. Each one has more than one wallet.

[Ed4252]

The devs that are doing premining/instamining..


If you believe in your product, have people send you coins, and you ship them stuff from ebay/amazon or something like that.

[AlexGR]

Buy hysteria is astronomical.

It's lack of liquidity in exchanges. People can't send coins. It takes FOREVER. I'm like 4/10 conf in Mintpal after hours.

It wouldn't be an overstatement to say we have a distorted market price without someone actually manipulating it to that extent (that would be a first in cryptoland ).

[heartastack]

Going higher. Much higher..

[tr8kr]

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!

Does anyone have a good link to the wallet? This one is down

Thank you!

All of this need to be put on the website

[brother3]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

But some of these wallets are the exchanges' , no?

[hunterwolf]

why transaction take a long? i wait maybe more 2 hours, only 3 confirmation yet. its normal?

[ReRunRod]

wallet debug

IRC got join
IRC got join
IRC got join
CTxMemPool::accept() : accepted ab41f4ff3b (poolsz 2)
received getdata for: tx ab41f4ff3bdb2592d524
IRC got join
Added 202.130.114.130:32348 from 192.75.207.148: 571 tried, 3876 new
IRC got new address: 202.130.114.130:32348
received block 3cd8dc780d74454a1a17
ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake 9a15d6395773e97574984d55c41af71ec3734d9543659247dc6d65bd4de0cd81, hashProof=0000000000000000000000000000000000000000000000000000000000000000
WARNING: ProcessBlock(): check proof-of-stake failed for block 3cd8dc780d74454a1a17a3d9964c507712f493253724f26109b5bdba82178217
ERROR: FetchInputs() : 1eba162502 mempool Tx prev not found 2effd04408
stored orphan tx 1eba162502 (mapsz 4)
IRC got join
Flushed 4447 addresses to peers.dat  32ms

[ReRunRod]

My wallet is bouncing from 439 blocks to 117 block? Not syncing.

[suppersz]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

But some of these wallets are the exchanges' , no?

1,821,042 XC   33.04 %

[Grifftech]

block are slow due to few people are staking.

blocks are slow in same time, when start huge pump and you write this bullshits...

do you think, that people are stupid ?

Just you Welcome to ignore

[Grifftech]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

But some of these wallets are the exchanges' , no?

Yes they could very easily be exchanges

[GTO73]

I hate to spoil the party but..

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


Wealth Distribution:

Top 10   -   1,821,042 XC   33.04 %

But some of these wallets are the exchanges' , no?

1,821,042 XC   33.04 %

 

[Grifftech]

Anyone use https://bitcoinwisdom.com/markets/mintpal/XCbtc? I used to have like crosshair lines but they have disappeared, any idea on how to get them back?

[crimealone]

这币得套哭多少人啊

[trader59]

So it's been an hour since the last block.... My coins are in limbo.

[drwoo]

Not really. DRK is tanking, XC is rising. It's quite obvious that the market is dumping their DRK for XC as they recognise it's a superior protocol with greater future prospects.

Superior? I'm waiting for a transfert fore more than 1h30, and still no confirmation! Are you really serious when you say it's a superior protocol?  

over 3 hours here, and i have 4 of 10 confirms on mintpal.  that is from my home wallet to the exchange.  not between them.  wtf??

block are slow due to few people are staking.

Simce I have never generated a block in a weeks time I stopped staking and decided to arb. Seems i am parrt of the problem