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Author Topic: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto  (Read 126487 times)
NUD
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June 05, 2014, 10:19:13 PM
 #1




New Universal Dollar

Hello there,

I am the founder of New Universal Dollar and I would like to invite you all to take a moment out of your day to mine some NUD while the difficulty is low, it will cost you nothing and will take an insignificant amount of time, please don't miss out on this golden opportunity.

Since NUD is a CPU coin and is very likely to remain so in the foreseeable future your rewards would be large and the potential to earn for your effort maximized. No other mining methods except the official client are available.

NUD is the first currency with a practical solution to anonymity. Using the secure bcrypt which is 12 years old and based on functions that are more than 30 years old. New Universal Dollars are truly here to stay.

This post signifies the soft-launch of NUD and will be expanded upon the addition of exchanges and other services.

url: nud.fi

Forum  •  Wiki  •  Blog

 


NEW UNIVERSAL DOLLARS IS TAX-FREE, ANONYMOUS, DECENTRALIZED DOLLARS FREE FROM THE CLUTCHES OF CENTRAL BANKERS.


What is NUD?
New Universal Dollars are distributed peer-to-peer digital currency that can be transferred instantly, securely and anonymously between any two people in the world. It's like a credit card that you can use to pay friends or merchants however significantly more secure with no chance of your assets getting arbitarily seized.

Specifications:

  • BCRYPT
  • TOTAL COINS: 21,000,000 (MILLION) NUD
  • 2½ MINUTE BLOCK TIME
  • KIMOTO'S GRAVITY WELL
  • 6 CONFIRMATIONS
  • OPENSSL VULNERABILITY FIXED
  • PRE-MINE 0.0%



Features:

SECURE
NUD is based on bcrypt, a key-stretching hashing algorithm that exists for 13 years and is based on functions that are more than 30 years old.

COMPLETELY ANONYMOUS
Unlike other alternatives NUD is not just pseudoanonymous but completely anonymous on both the protocol level (TOR) and the blockchain level.

SMALLER BLOCKCHAIN
Other cryptocurrencies blockchains are ever growing and could potentially become so large within the coming years that only centralized servers could store them, NUD actively works on introducing a significantly smaller blockchain which will not compromise on security.



Original innovation summarized:

Here's an attempt for ELI5. Well maybe more like ELI12.

NUD works on two fronts. First you need to have a Tor address.
(You need to install Tor yourself and turn your wallet into a hidden service)

Others on the network will not then see your IP address, instead
they see you something like lcqnp3bufy2hoosd.onion.

When your  address is relayed through Tor network, it's pretty good anonymity,
meaning that it is pretty hard for anybody figure out who is behind
the .onion address.

This in itself is not very remarkable (some other coins have it too), but NUD
adds another layer of anonymity in the form of transactions by delegate.

A delegate is someone who uses a part of his total balance to service
other users for a fee. So when you want to send NUD anonymously,
your wallet contacts a delegate wallet that has enough NUD to fund
your transaction. Then the delegate transfers his coins to recipient,
and afterwards you send an equal amount (plus delegate fee) to the delegate.

The end result is that there is no record in the blockchain that links you to the recipient.
What is recorded are the payments from the delegate to the recipient
and from you to the delegate, but for an outsider it is hard to say who is the sender
and who is the delegate, especially when there are many transactions
of this kind.

The wonderful thing is that all this happens kind of automatically. The
sender just pushes a button and goes to sleep. The delegate can be
asleep all the time. The wallet takes care of the processing. And if something
goes wrong (like computer crashing when they're asleep), the sender or the delegate can
reclaim their NUD. That works because the transactions have an inbuilt escrow
mechanism.

This is the gist of it. In practice however there are still a few hurdles and
wrinkles, that will no doubt be leveled out as NUD matures.



Donations:

NUD:
Code:
NEaaHBhhjaTK36mYiSvPGjSjThDWN5gXgM

BTC:
Code:
1HnSPip8oHNJqhjRKdc1tX9GFumdVLuBcq



Wallet:

Wallet Download



Resources:

Exchanges

Explorers

Source Code

Accepts NUD

Graphs



Bounties



Additional info:

If you want to help with development / design / marketing or add NUD to your services like pools, exchanges, etc.
Please PM Julian Sheen

August-12-2014:
A hardfork will happen within 24 hours.

Don't forget to update the clients.

Update:
The new master is now available. Please update everyone.

Fix for the 0.0.0.5 bug

It seems that the network forked, we are still early in development with no serious resources allocated so things are moving slow. They will move significantly faster now.

We have came up with a fix:
1. Re-download the client from http://nud.fi/downloads
2. Download the blockchain from the same page or http://nud.fi/blockchain.zip
3. Unzip the blockchain into %appdata%/NUD directory on Windows or ~/.NUD directory on Linux
4. Launch the client and wait for the blockchain to get rescanned

This will keep your client synchronized to the proper/official fork of the network.

@NUDTeam
NEaaHBhhjaTK36mYiSvPGjSjThDWN5gXgM
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invisiblem11
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June 05, 2014, 10:23:44 PM
 #2

Why scrypt? New trend X11/X13. Scrypt is hot for summer

"DoubleEagle Coin - Only 100 XDE - Get your free XDE now!" https://bitcointalk.org/index.php?topic=736702
auy
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June 05, 2014, 10:24:57 PM
 #3

Algorithm?

DoubleEagle Coin - Only 100 XDE - Get your free XD
mrz123
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June 05, 2014, 10:26:36 PM
 #4

what is this?
NUD
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June 05, 2014, 10:28:52 PM
 #5

Why scrypt? New trend X11/X13. Scrypt is hot for summer

It's bcrypt, not scrypt, this is not a typo people.

@NUDTeam
NEaaHBhhjaTK36mYiSvPGjSjThDWN5gXgM
mrz123
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June 05, 2014, 10:31:00 PM
 #6

how to mine?
this isnt fair
relaunch and make it PoS
and x13
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June 05, 2014, 10:31:07 PM
 #7

{
"blocks" : 1,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 5,
"pooledtx" : 0,
"testnet" : false
}
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June 05, 2014, 10:35:05 PM
 #8

how to mine?
this isnt fair
relaunch and make it PoS
and x13

Mining is done with the official client, it will mine by default but you can set
Code:
gen=1
to be sure.

PoS is inferior and only people that are new to crypto hold it in high regard. x13 gives an edge to governments and multinational corporations that might have a backdoor into either of the algos.

@NUDTeam
NEaaHBhhjaTK36mYiSvPGjSjThDWN5gXgM
Shadow_Runner
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June 05, 2014, 10:35:20 PM
 #9

Really no premine, but that was fast.

{
"blocks" : 148,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.01284826,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 938692,
"pooledtx" : 0,
"testnet" : false
}
zsnorbi
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June 05, 2014, 10:37:26 PM
 #10

I don't know what bscrypt is but it seems that it is mineable with scrypt miners
invisiblem11
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June 05, 2014, 10:38:29 PM
 #11

How mine it? Wallet not have tab miner.

"DoubleEagle Coin - Only 100 XDE - Get your free XDE now!" https://bitcointalk.org/index.php?topic=736702
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June 05, 2014, 10:38:57 PM
 #12

I don't know what bscrypt is but it seems that it is mineable with scrypt miners

Yep. Mined with CGMiner from 1st block and got some blocks.
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June 05, 2014, 10:41:26 PM
 #13

"hashespersec" : 1259,
"networkhashps" : 3463971,

 Huh Huh Huh

[EMPTY SIGNATURE SPACE]
xibeijan
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June 05, 2014, 10:42:14 PM
 #14

Edison was nothing compared to Tesla.

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June 05, 2014, 10:42:37 PM
 #15

"hashespersec" : 1259,
"networkhashps" : 3463971,

 Huh Huh Huh

Use GPU, Luke.  Wink
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June 05, 2014, 10:44:15 PM
 #16

Edison was nothing compared to Tesla.

Yeah, Tesla already beat you to the punch with a scrypt coin.  Roll Eyes

https://bitcointalk.org/index.php?topic=523219.0

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June 05, 2014, 10:45:18 PM
 #17

I thought this is a ninja but it seems it was pre-announced

https://bitcointalk.org/index.php?topic=630814.msg7021930#msg7021930
invisiblem11
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June 05, 2014, 10:46:57 PM
 #18

CGminer - many rejected

"DoubleEagle Coin - Only 100 XDE - Get your free XDE now!" https://bitcointalk.org/index.php?topic=736702
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June 05, 2014, 10:47:18 PM
 #19

I thought this is a ninja but it seems it was pre-announced

https://bitcointalk.org/index.php?topic=630814.msg7021930#msg7021930

Who cares if it was pre-anned, the OP says it is a CPU only coin and its clearly the same old scrypt crap we keep seeing every day.
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June 05, 2014, 10:48:02 PM
 #20

bcrypt is based on blowfish, different from scrypt (per google)  though scrypt mining works hmmmm.  good luck! care to talk about the anon features dev? (other than using tor?)

$MAID & $BTC other than that some short hodls and some long held garbage.
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