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Author Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come  (Read 785238 times)
KryptoKash (OP)
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February 18, 2015, 07:52:04 PM
 #2301

Bring your umbrella and enjoy the rain... #CoinShield on IRC


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Whoever mines the block which ends up containing your transaction will get its fee.
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AliMan
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February 19, 2015, 02:02:19 AM
 #2302

Difficulty at 92, time to pull off the 980's to welcome the farms. Everything is good in the beginning.
Videlicet
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February 19, 2015, 02:12:42 AM
 #2303

Difficulty its 70.926524 so high, at this price is absolutely unprofitable for minig,
can anyone who mining could says hasrate and 24hour coins reward at this hashrate ?

If its not profitable to mine then there is no logic in running for it.
lot of copy/paste coins without block explorer, site, maintain price of 600- 1000 sat.
and CSD is only around 600 sat. at this point and this diff, that is very cheap.

Unfortunately the miners need to know this and stop selling at this price for the price to go up. This is in part with us creating value and consensus of value for assets in the free market.

Thank You,
Viz.

[Nexus] Created by Viz. [Videlicet] : "videre licet - it may be seen; evidently; clearly"
ActualUpsurge
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February 19, 2015, 04:42:53 AM
 #2304

all is going well here i see! excellent dev team and excellent ideas.


Regards,
ActualUpsurge

▲▼▼▲▼GlideSEC NXT investments www.glidesec.com▲▼▲▼
tokyopotato
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February 19, 2015, 04:44:29 AM
 #2305

Here is an article regarding Quantum computers and potential SHA2 vulnerability should the NSA succeed in building them: http://www.bitcoinnotbombs.com/bitcoin-vs-the-nsas-quantum-computer/

Quote
All of that is a complicated way of saying that while an attacker with a quantum computer could derive the private key from the public key, he couldn’t derive the public key from the Bitcoin address since the public key was run through multiple quantum-resistant one-way hash functions.

However, you do have to broadcast your public key to the network to make a transaction, otherwise there is no way to verify your signature. What this implies is that in the face of an NSA quantum computer all Bitcoin addresses would have to be considered one-time use addresses. Whenever you make a transaction you would have to send any excess bitcoin to a newly generated address as “change”. If you didn’t remove the entire balance from your address, the NSA could steal the remainder. While this is inconvenient, it would buy the developers enough time to swap out ECDSA for a quantum-resistant digital signature scheme. - from user pistdov in IRC


I love that CoinShield is way ahead of the game with pure SHA3 Quantum security  Cool
tokyopotato
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February 19, 2015, 04:57:17 AM
 #2306

all is going well here i see! excellent dev team and excellent ideas.

Regards,
ActualUpsurge

Hey welcome ActualUpsurge !

Difficulty its 70.926524 so high, at this price is absolutely unprofitable for minig,
can anyone who mining could says hasrate and 24hour coins reward at this hashrate ?

If its not profitable to mine then there is no logic in running for it.
lot of copy/paste coins without block explorer, site, maintain price of 600- 1000 sat.
and CSD is only around 600 sat. at this point and this diff, that is very cheap.

Unfortunately the miners need to know this and stop selling at this price for the price to go up. This is in part with us creating value and consensus of value for assets in the free market.

Thank You,
Viz.

Clearly the difficulty and price are rising... people are investing BTC and energy into CSD.  Miners are mining in anticipation of increased value and difficulty in the future.  This is a great!  

https://bittrex.com/Market/?MarketName=BTC-CSD
KryptoKash (OP)
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February 19, 2015, 10:48:08 AM
 #2307

OP has been updated  Smiley

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go6ooo1212
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February 19, 2015, 11:10:39 AM
 #2308

OP looks very professional , thanks KK
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February 19, 2015, 12:31:15 PM
 #2309

完美的工作,这是划时代的技术,货币盾非凡卓越,是送给全世界向往自由的人民致敬!!!


The perfect job, this is epoch-making technology, coinshield extraordinary excellence, is to give to the world of free people aspire to salute
macorcina
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February 19, 2015, 01:00:44 PM
Last edit: February 19, 2015, 03:12:27 PM by macorcina
 #2310

OP is much more readable and understandable,  there are so many new features compared to all the other coins
I suggest also something like a comparative table highlight:
Features,                          CSD,          BTC,      other
Cancel transactions       YES              NO           NO
save lost coins               YES           NO           NO
51% attacks RESISTANCE   YES           NO       NO
quantum security               YES           NO            NO
clock drift fix                        YES           NO           NO
POS                                     YES              NO          yes
KryptoKash (OP)
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February 19, 2015, 05:24:52 PM
 #2311

OP is much more readable and understandable,  there are so many new features compared to all the other coins
I suggest also something like a comparative table highlight:
Features,                          CSD,          BTC,      other
Cancel transactions       YES              NO           NO
save lost coins               YES           NO           NO
51% attacks RESISTANCE   YES           NO       NO
quantum security               YES           NO            NO
clock drift fix                        YES           NO           NO
POS                                     YES              NO          yes

Good Idea, I'll see what we can do  Smiley

...
tokyopotato
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February 19, 2015, 05:32:19 PM
 #2312

OP has been updated  Smiley

This is very well put together KK.  Nice work.
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February 19, 2015, 06:13:58 PM
 #2313

Yeah KK did some brilliant innovation making the white paper content organized. Think this is the first thread I've seen designed like this  Smiley

he did a great job  Smiley
Viz.

[Nexus] Created by Viz. [Videlicet] : "videre licet - it may be seen; evidently; clearly"
tokyopotato
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February 19, 2015, 09:48:40 PM
 #2314

Quote
In the case with most digital currencies, if you send a transaction to an address that is not owned by any party, the coins will be lost forever. This can be quite nerve racking when one decides to send high quantities of money, for if the transaction never reaches its destination, both parties will be out the funds. This is not sustainable for wide spread adoption, as many users will encounter errors generated from their own lack of understanding of digital currencies, possibly causing them to lose coins. The solution to this is developed by Coin Shield, Inc. within Coin Shield Core. The way it works is from a two way signature. What this means, is that when a user sends out a transaction, they will have a choice to send it out as secure, which will require a signature from receiver before transaction will be processed. This means that the receiver will have to have a wallet open, to accept the transaction and sign it allowing it to be processed. If the receiving party never signs the transaction by its given expiration time, it will be returned to the sender. This prevents any coins from being lost from simple errors that may be encountered through the use of the system. - From CoinShield OP

I've gotta say, this is a really interesting development.  CoinShield seems to have some smart contract type functions built into the protocol.

Clearly CoinShield, Inc. is developing some centralized systems that will rely upon the decentralized peer-to-peer CoinShield network.

What type of Smart Contracts platform do you find the most interesting Videlicet?  I am starting to see that CoinShield, Inc. will also essentially be developing Contracts systems and I am curious how much of this will be a part of the CSD core and how much could be derived from adopting a platform like Codius or Ethereum.
AliMan
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February 19, 2015, 11:48:35 PM
 #2315

Can someone let me know the parameters for running the cpu on the pool?
cestballot
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February 19, 2015, 11:52:40 PM
 #2316

Can someone let me know the parameters for running the cpu on the pool?

coinshield_prime.exe 204.27.62.234 9549 your_address nb-threads

example :
coinshield_prime.exe 204.27.62.234 9549 2Sxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxfv 10

AliMan
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February 19, 2015, 11:57:10 PM
 #2317

Can someone let me know the parameters for running the cpu on the pool?

coinshield_prime.exe 204.27.62.234 9549 your_address nb-threads

example :
coinshield_prime.exe 204.27.62.234 9549 2Sxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxfv 10

Thanks buddy, so would you recommend the pool or solo for the cpu?
0x6A
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February 20, 2015, 12:15:04 AM
 #2318

Can someone let me know the parameters for running the cpu on the pool?

coinshield_prime.exe 204.27.62.234 9549 your_address nb-threads

example :
coinshield_prime.exe 204.27.62.234 9549 2Sxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxfv 10

Thanks buddy, so would you recommend the pool or solo for the cpu?

Too late for solo Smiley
Videlicet
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February 20, 2015, 12:22:16 AM
 #2319

tokyopotato,

Yes the system is designed to function decentralized, with Coin Shield, Inc. complimenting this by providing tools for the economy.

Contracts will evolve with time, as we find more ways to make transferring of money easier and safer. I'm sure that as the economy grows, new minds will come to compliment that, and enhance further the innovations that began in my development.

Thank You,
Viz.

[Nexus] Created by Viz. [Videlicet] : "videre licet - it may be seen; evidently; clearly"
tokyopotato
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February 20, 2015, 12:24:32 AM
 #2320

tokyopotato,

I'm sure that as the economy grows, new minds will come to compliment that, and enhance further the innovations that began in my development.

Thank You,
Viz.

I certainly hope so.
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