[ANN][QB] Quarkbar ★ CRF Releases PULSE WHITE PAPER! ★ Dynamic Block Creation

[Jonesd]

QUARKBAR



DYNAMIC BLOCK CREATION

PULSE is a block creation feature, where blocks are created instantly when a certain amount of transactions is sent.
Instead of creating blocks at a fast steady rate, PULSE creates blocks every ten minutes, except when transactions have to be sent.
This ensures that newly created coins are rewarded for blocks that were necessary. When the amount of transactions is low,
the amount of created blocks is low. This will ensure that new and mature coins can manage their inflation and deflation and secure the
future of the coin. The total amount of created coins will stay the same, but the speed of created coins will increase with the usage of
the coin. When a coin has a slow start, the market will not be flooded with coins already.

No transactions --> Slow creation of new blocks
Busy network --> Fast creation of new blocks
Mining power needed far lower --> As little as ten nodes are sufficient!

PULSE will be implemented into Quarkbar during July and will ensure that Quarkbar is less vulnerable to inflation and transactions are stimulated.

Read the white paper here

CODE WILL BE RELEASED ON JULY 6!

Update: We're launching the QB-Testnet tomorrow including explorer and will expose the code & documentation to the general public by end of the week.  We've coded Pulse to be general purpose so any coin can adopt to it just by adding a simple 'if' condition to their acceptBlock procedure.

Update 2: Calculations show that lifetime will likely be extended by ten times the current amount! https://bitcointalk.org/index.php?topic=671622.msg7615862#msg7615862

[jshow5555]

Makes a lot of sense to me!
Efficacy (and lack of wistfulness) is what we all strive for!

[Jonesd]

Makes a lot of sense to me!
Efficacy (and lack of wistfulness) is what we all strive for!

We hope this will make crypto coin networks much more stable and efficient!

[Kergekoin]

Congratulations, the perfect formula for double spending abuse.

[badon420]

This is some fucked up shit bro.   

[Obfuscode]

Congratulations, the perfect formula for double spending abuse.

elaborate on how you would do that in this case.

none of the conventional double-spending attacks (apart from 51% which is the uber-banhammer) had any effect.

Pulse makes no room to any additional attack-surfaces than the 'normal' vectors that PoW and PoS faces by default.

cheers,
f0o

[Jonesd]

Congratulations, the perfect formula for double spending abuse.

Always nice to find the perfect formula. We have tested it and find it to be much more resilient.

[Obfuscode]

In case anyone still thinks it's a threat to the integrity of crypto:

Here the official BUG-BOUNTY!

I'm throwing in _ALL_ donations made on the Obfuscode.Net Pool, from all currencies, to the first who reports us a valid Proof-Of-Concept attack-vector.

Responsible Disclosure is required for participation in the bug-bounty programme.
Send PoC's to: f0o <at> cryptocoinrevival <dot> com


PS: for really good PoC's I'll fund another 0.1 or 0.2 BTC just for a little more spice

[Jonesd]

CODE WILL BE RELEASED ON JULY 6!

[Jonesd]

In case anyone still thinks it's a threat to the integrity of crypto:

Here the official BUG-BOUNTY!

I'm throwing in _ALL_ donations made on the Obfuscode.Net Pool, from all currencies, to the first who reports us a valid Proof-Of-Concept attack-vector.

Responsible Disclosure is required for participation in the bug-bounty programme.
Send PoC's to: f0o <at> cryptocoinrevival <dot> com


PS: for really good PoC's I'll fund another 0.1 or 0.2 BTC just for a little more spice

We're pretty confident.

[Obfuscode]

In case anyone still thinks it's a threat to the integrity of crypto:

Here the official BUG-BOUNTY!

I'm throwing in _ALL_ donations made on the Obfuscode.Net Pool, from all currencies, to the first who reports us a valid Proof-Of-Concept attack-vector.

Responsible Disclosure is required for participation in the bug-bounty programme.
Send PoC's to: f0o <at> cryptocoinrevival <dot> com


PS: for really good PoC's I'll fund another 0.1 or 0.2 BTC just for a little more spice

We're pretty confident.

haha yeah, my name's on the game

[dorismak]

Expect more information.

[Obfuscode]

Expect more information.

to be honest, all information has been given, we're launching the QB-Testnet tomorrow including explorer and will expose the code & documentation to the general public by end of the week

I've coded Pulse to be general purpose so any coin can adopt to it just by adding a simple 'if' condition to their acceptBlock procedure.

piece of cake really
- f0o

[Jonesd]

Expect more information.

You can find the specifics here http://cryptocoinrevival.com/wp-content/uploads/2014/06/PULSE-Whitepaper.pdf

[Jonesd]

Calculations on increase in lifetime of coin

We did some calculations to see if this will enable the coins to release coins for a longer period of time.

We will have the following release in coins:

Quarkbar

Current: 2QB/30 seconds
New minimal: 2QB/10 minutes
New maximum: 2QB/ten minutes + 1QB/ 30 seconds

This will give the following lifetimes:
Current: 815 days (2.23 years)
New minimal: 16,313 days (44,7 years)
New maximum: 1553 days (4,25 years)

With the current rate of 90% empty blocks, you can expect the following prediction of coins released per hour:

0,1 * 120 = 12 transaction blocks per hour
created coins/day = 24*(slow blocks*2QB+transaction blocks*1QB)= 24 * (6*2QB+12*1QB) = 576QB created/day
Life expectancy at current rate = to be created coins / daily created = 4698179/ 576 = 8,157 days = 22,35 years

With this efficient use, we are able to extend the life of the coin from 2.25 years almost by ten times!

[Jonesd]

For Pulse to work out we need your help!
This test is supposed to be as close to the real-net as possible to fully test Pulse.
Please join the mining and help in testing Pulse!

We've opened the Pulse-Testnet pool here: http://experiment.obfuscode.net/

Pulse-QB wallet can be found here: https://mega.co.nz/#!c1hjmSYL!Vk34B4d9iJJM0D_uMXxXlsgRuN6mtMN6MTlObJXjFLw
It is not encouraged to use this version of the wallet for the normal QB-Network as it has not been tested for it.

To solo-mine with the wallet, enter "setgenerate true" (without quotes) into the debug-window.
Or use any other conventional way to solo-mine with your GPUs

Please make sure you've the TestNet enabled!

To enable TestNet:
Method 1:

Code:

  - Shift + Right-Click on the folder
  - Click on "Open Command-Window here"
  - Enter: quarkbar-qt.exe -testnet

Method 2:

Code:

  - Create a Shortcut of the wallet
  - Right-Click on the Shortcut
  - Click on Properties
  - Add '--testnet' (without quotes) to the Target field

Image for Method 2:


Note for Method 2:
You need to run the wallet at least once before the shortcut will work due to window's security warning.

TestNet should be 'true' when you go to help > debug window > getinfo

TestNet-QB will be bought back by me to reward testers

As initial rate I will buy 100 TestNet-QB for 1 QB.
(rate is subject to future changes)

[g3rszpi]

This means that will be 100% POS ?

[Obfuscode]

This means that will be 100% POS ?

where did you get that from?

there's no PoS at all.

[Obfuscode]

Pulse in action on the Open QB-TestNet:

http://explorer.cryptocoinrevival.com:81/chain/QBTestNet

Settings used:

Code:

Height    : 10
Rate      : 10 mins
Min-Rate  : 100 secs
Min-TX    : 10
Min-Value : 1000
Min-Fee   : 2

[Jonesd]

Help Quarkbar out