Bitcoin Forum
November 19, 2017, 12:10:34 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Did you see the new thread?
Yes https://bitcointalk.org/index.php?topic=875651.0
No

Pages: « 1 ... 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 [482] 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 »
  Print  
Author Topic: [ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon  (Read 466082 times)
brookefinancial
Sr. Member
****
Offline Offline

Activity: 406


View Profile
August 10, 2014, 03:51:29 PM
 #9621

Hashrate is still 400MH/s (+100%), and the price is still above 2200 satoshis (+100%).

SuperCoin is very strong right now.

3D Printing and Bitcoin, that's pretty cool.
1511093434
Hero Member
*
Offline Offline

Posts: 1511093434

View Profile Personal Message (Offline)

Ignore
1511093434
Reply with quote  #2

1511093434
Report to moderator
1511093434
Hero Member
*
Offline Offline

Posts: 1511093434

View Profile Personal Message (Offline)

Ignore
1511093434
Reply with quote  #2

1511093434
Report to moderator
1511093434
Hero Member
*
Offline Offline

Posts: 1511093434

View Profile Personal Message (Offline)

Ignore
1511093434
Reply with quote  #2

1511093434
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511093434
Hero Member
*
Offline Offline

Posts: 1511093434

View Profile Personal Message (Offline)

Ignore
1511093434
Reply with quote  #2

1511093434
Report to moderator
kopam
Sr. Member
****
Offline Offline

Activity: 448


View Profile
August 10, 2014, 04:38:17 PM
 #9622

Hashrate is still 400MH/s (+100%), and the price is still above 2200 satoshis (+100%).

SuperCoin is very strong right now.


I am pretty sure today we will go over 1 GH Smiley I can even bet on that.
Rnbin
Full Member
***
Offline Offline

Activity: 168


View Profile
August 10, 2014, 05:05:50 PM
 #9623

While I am writing the whitepaper, I think instead of publishing it all at once when I finish, I will post it in parts, every 2-3 days, so community will get more details about the algorithm we use and logistics behind it. It is also an education process so people will understand what is a trustless system and why we need it. So expect 3 parts to be posted in this thread. I will prepare a pdf file with all parts together (the formal whitepaper).

All questions are welcomed, though I may not have time to answer all the questions. Because I still need to do testing on the code and fix bugs, and add bells and whistles etc.

Below is the first part on the SuperSend Trustless system. I will try to publish the next part in 2-3 days, maybe Monday/Tuesday time frame. Next parts will describe the overview and details of the algorithm.

==

SuperSend Trustless is an advanced p2p completely decentralized anonymous system. It belongs to Coinjoin category of the anonymous wallet. In this system all nodes (clients) are equal; there are no centralized or special nodes that hold more info than others. The coin transfer happens with the help of middle nodes that are randomly chosen. Mini-escrow is used with multisig address and transactions to ensure all the parties behave according to the transfer rules. This is a complete trustless system. The system is designed in a forceful way for all parties to behave correctly. If any party tries to cheat, he will lose more than his gain in the cheat.

Among all the online coin clients, if some minimum requirements are met (e.g. with minimum amount of coins in the balance, and with minimum 2 addresses in the wallet, etc), the node will advertise itself as a service node. Other nodes receiving the advertisement will add it to their service node list. There’s a limit in the service node list for each client (currently limited at 30). Any client can turn off the advertisement, if it does not want to be a service node. To turn off the service node advertisement, user just need to put a line in the config file. A service node will receive certain fee for each service it performs. Node not want to be service node can still receive other node’s advertisement and use the anonymous service, as long as it pays the service fee.

SuperSend Trustless makes heavy use of multisig technology. The sender of the coin will choose randomly 2 middle service nodes from his service node list to help the anonymous transfer. Among the two nodes chosen, one provides mix service, and another provides guarantee service. Why need 2 nodes? Because if there are any disputes between sender and mixer, it is up to guarantor to make a final judgment and then distribute the fund in the escrow accordingly.

Mixer is the node to mix the coins with his own, and send to destination. It is possible to have multiple mixer nodes, so to further obfuscate the transfer. At the current implementation, we use a single mixer node.

Guarantor is the one who will make the final judgment if any dispute between sender and mixer. If everything goes on well, Guarantor’s job is just to create multisig address and multisig transactions. It will not be involved in the signing processes of the multisig transactions in normal cases. But if there are disputes, the Guarantor will decide, based on the facts of the existing transactions, the outcome of escrow distribution. Of course, Guarantor cannot decide alone, he has to coordinate with another party (see below for the signing of multisig transactions).

We use a 2-of-3 multisig address for escrow. What is a 2-of-3 multisig address? It is an address that is created based on 3 public keys, each from Sender, Mixer and Guarantor, respectively. Remember, Sender, Mixer and Guarantor each hold the corresponding private key of the public key. Anyone is free to deposit coins to the 2-of-3 address. But in order to spend any fund from the address (i.e. send to another address), the transaction needs to be signed using at least 2 out of 3 private keys. Since the private keys are in different nodes, different nodes must willing to sign the same transaction before it becomes valid. In another words, the coins in that address cannot be spent by anyone alone, at least two of them should agree before the money can be spent.

==


+1
Mwalshe89
Full Member
***
Offline Offline

Activity: 140


View Profile
August 10, 2014, 05:09:51 PM
 #9624

market cap of only $250,000?

looks like this could be a nice easy earner.
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 05:21:23 PM
 #9625

Hashrate is still 400MH/s (+100%), and the price is still above 2200 satoshis (+100%).

SuperCoin is very strong right now.


I am pretty sure today we will go over 1 GH Smiley I can even bet on that.
Keep promoting SuperMultipool is very nice pool and great performance! If we can have few weeks over 1 ghz we will see the magic works.

supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 05:22:10 PM
 #9626

market cap of only $250,000?

looks like this could be a nice easy earner.
This is great chance for many, we have a great technology, and community, coming strong.
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 05:26:54 PM
 #9627

I want from you one thing:

Make everyone know the coin, Because many people don't know it!
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 05:36:33 PM
 #9628

SuperMultipool.com reached 800 MH. Mining hash power



www.SuperMultipool.com
eXe47
Member
**
Offline Offline

Activity: 118


View Profile
August 10, 2014, 05:40:38 PM
 #9629

The new OP idea is good, but the English could use a little improvement, and a presentational lift.

Suggestion:

Main title, strapline.

SoD  System of Decentralization ... a trustless form of Anonymity

First line of OP 
'This is a legendary crypto currency. This is SUPER Coin. We are first one in its kind.
Phase 2 truly trustless system, and this is the first one'

 change to

SUPER coin is a landmark crypto currency.  The first one of its kind.
In Phase 2 of the development , a truly trustless anonymous payment system is introduced.






+1
Very good points, Supercointeam please correct and update, thanks!
brookefinancial
Sr. Member
****
Offline Offline

Activity: 406


View Profile
August 10, 2014, 05:41:55 PM
 #9630

SuperMultipool.com reached 800 MH. Mining hash power



www.SuperMultipool.com

This is awesome! We are very pleased to hear that the hashrate has more than tripled since yesterday! The next payment is going to be huge!

3D Printing and Bitcoin, that's pretty cool.
kopam
Sr. Member
****
Offline Offline

Activity: 448


View Profile
August 10, 2014, 06:24:33 PM
 #9631

SuperMultipool.com reached 800 MH. Mining hash power



www.SuperMultipool.com

told you Smiley
brookefinancial
Sr. Member
****
Offline Offline

Activity: 406


View Profile
August 10, 2014, 06:32:33 PM
 #9632

It would be great to have an article posted about SuperCoin and the new "SuperSend Trustless" today! Yesterday the update came out at 16:00pm (eastern time), now its 14:00 pm, good time to release big news Wink Wink

3D Printing and Bitcoin, that's pretty cool.
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 06:50:27 PM
 #9633

It would be great to have an article posted about SuperCoin and the new "SuperSend Trustless" today! Yesterday the update came out at 16:00pm (eastern time), now its 14:00 pm, good time to release big news Wink Wink
Agree, who trust his skills should write an article
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 07:09:37 PM
 #9634

SuperMultipool.com reached 800 MH. Mining hash power



www.SuperMultipool.com

told you Smiley

But it's still missing about 200 MH. 
CryptoBull
Sr. Member
****
Offline Offline

Activity: 336



View Profile
August 10, 2014, 07:10:13 PM
 #9635

It would be great to have an article posted about SuperCoin and the new "SuperSend Trustless" today! Yesterday the update came out at 16:00pm (eastern time), now its 14:00 pm, good time to release big news Wink Wink
Agree, who trust his skills should write an article
Ok guys so this is the reply from the bargain o had all day woth the site :

If we write it the total cost is .12 BTC, you get the two months adspace for free if we write it. Thanks



So because i am i an different time zone with this dude the corespondence is a little slow for my taste but thats it we are a world wide coin so we will manage it Smiley
I think the bargain is good a pro article which we can copy paste everywhere Wink

What do you think?
I have already tell the fella to tell me what he needs and to proceed with the task Cool

Captain Positive Cool
supercoindev
Member
**
Offline Offline

Activity: 63


View Profile
August 10, 2014, 07:11:51 PM
 #9636


WOW, nice one super dev Cheesy. I can't wait for this to come out of test and into general use. I'll be able to earn super via the multipool, PoS and as a mixer Cheesy

One question, will both of the addresses in the wallet have to have sufficient funds in them for the escrow to work or is it taken as a total over all of the addresses?

No, the reason for a service node to have two or more addresses is because the address receiving and the address sending should not be the same, otherwise the trace will be easy. So only sending address needs to have enough fund while receiving address it doesn't matter, it can have zero balance. For now the program will automatically pick the address with lower balance as the receiving address.

BTW, the program can automatically create new address. We may put an option there, so there may be no need the restriction to have 2 or more addresses. As long as the user wants his node to be a service node, the address can be handled by the program in an automatic way.

Supercoin - 1st true peer-to-peer decentralized trustless anonymous wallet using multisig technologies!
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 07:14:03 PM
 #9637


WOW, nice one super dev Cheesy. I can't wait for this to come out of test and into general use. I'll be able to earn super via the multipool, PoS and as a mixer Cheesy

One question, will both of the addresses in the wallet have to have sufficient funds in them for the escrow to work or is it taken as a total over all of the addresses?

No, the reason for a service node to have two or more addresses is because the address receiving and the address sending should not be the same, otherwise the trace will be easy. So only sending address needs to have enough fund while receiving address it doesn't matter, it can have zero balance. For now the program will automatically pick the address with lower balance as the receiving address.

BTW, the program can automatically create new address. We may put an option there, so there may be no need the restriction to have 2 or more addresses. As long as the user wants his node to be a service node, the address can be handled by the program in an automatic way.


Thank you for the answer.
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 07:15:32 PM
 #9638

We have about 0.5 BTC collected from community as donations, So how we are going to use this for promos?
any ideas?
iram3130
Legendary
*
Offline Offline

Activity: 938



View Profile
August 10, 2014, 07:18:18 PM
 #9639

I want from you one thing:

Make everyone know the coin, Because many people don't know it!

I am retweeting every tweet, I am receiving about Supercoin.
Just try to promoting so much.

           ▄▄█████████▄▄
       ▄████▀▀       ▀▀████▄
     ▄██▀▀               ▀▀██▄
    ██▀                    ████
   ██                     ███▀██
  ██                    ▄██▀   ██
 ██                    ▄██      ██
██▀                  ▄██▀      ▄███
██                  ▄██      ▄██▀██
██                 ██▀    ▄███▀  ██
██               ▄██▀   ▄██▀     ██
██▄             ▄██  ▄███▀      ▄██
 ██           ▄██▀ ▄██▀         ██
  ██         ▄██▄███▀          ██
   ██       █████▀            ██
    ██▄   ▄████▀            ▄██
     ▀██▄███▀            ▄▄██▀
       ▀████▄▄       ▄▄████▀
           ▀▀█████████▀▀
.L I V E T R E E   A D E P T TM.
Own the future of entertainment
The World's 1st Community-Powered,
Film, TV and Content Network  ★
supercointeam
Full Member
***
Offline Offline

Activity: 196


View Profile
August 10, 2014, 07:18:36 PM
 #9640

It would be great to have an article posted about SuperCoin and the new "SuperSend Trustless" today! Yesterday the update came out at 16:00pm (eastern time), now its 14:00 pm, good time to release big news Wink Wink
Agree, who trust his skills should write an article
Ok guys so this is the reply from the bargain o had all day woth the site :

If we write it the total cost is .12 BTC, you get the two months adspace for free if we write it. Thanks



So because i am i an different time zone with this dude the corespondence is a little slow for my taste but thats it we are a world wide coin so we will manage it Smiley
I think the bargain is good a pro article which we can copy paste everywhere Wink

What do you think?
I have already tell the fella to tell me what he needs and to proceed with the task Cool

If you mean paying 0.12 btc for article and it will be good.
It's ok for me and we need hear at least one or two more community members idea on this.
Pages: « 1 ... 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 [482] 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!