Bitcoin Forum
November 13, 2018, 01:34:02 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Poll
Question: Do you Accept Komodo ICO conversion vs Reject Komodo ICO conversion and fund new dev team?
Accept - 140 (68.3%)
Reject - 65 (31.7%)
Total Voters: 205

Pages: « 1 ... 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] 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 ... 551 »
  Print  
Author Topic: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs  (Read 1311987 times)
jl777
Legendary
*
Offline Offline

Activity: 1176
Merit: 1089


View Profile WWW
May 30, 2016, 06:27:47 PM
 #9961

i got the iguana full nodes to provide tx construction services for the basilisk lite nodes. the latter dont need any blockchain and rely on iguana consensus for balance and txconstruction services and the protocol is fully abstracted so any coin that supports a basilisk plugin will work. Currently there are only three low level functions that are needed for bitcoin protocol, "balances", "rawtx" and "value" the last is to verify that the constructed spend is spending the correct value and avoids needing to do "heavy" SPV merkle tree validations as if the constructed rawtx has the wrong input values, basilik rejects it, if the output is wrong, basilisk rejects it, if it has a double spend, the network will reject it and the iguana node wont get its fee. I also threw in an auction mechanism, so the lowest fee rawtx that matches consensus is chosen. For inputs with coinage, all iguana nodes will construct the identcal rawtx as a deteministic method is used for unspent selection. I will add an avoid list so a basilisk node can do multiple rawtx requests per block and still have all nodes generate identical rawtx

This is just one method of earning money by running an iguana node. The more coins you run, the more fees you can earn. For coins that are just bitcoin forks without any protocol changes, the following curl request is all that is needed for iguana to do a parallel sync for it:

genltc:
curl --url "http://127.0.0.1:7778" --data "{\"RELAY\":1,\"VALIDATE\":1,\"prefetchlag\":-1,\"poll\":10,\"active\":1,\"agent\":\"iguana\",\"method\":\"addcoin\",\"startpend\":8,\"endpend\":8,\"services\":129,\"maxpeers\":256,\"newcoin\":\"LTC\",\"name\":\"Litecoin\",\"hasheaders\":1,\"useaddmultisig\":0,\"netmagic\":\"fbc0b6db\",\"p2p\":9333,\"rpc\":9334,\"pubval\":48,\"p2shval\":5,\"wifval\":176,\"txfee_satoshis\":\"100000\",\"txhastimestamp\":0,\"minoutput\":10000,\"minconfirms\":2,\"genesishash\":\"12a765e31ffd4059bada1e25190f6e98c99d9714d334efa41a195a7e7e04bfe2\",\"genesis\":{\"version\":1,\"timestamp\":1317972665,\"nBits\":\"1e0ffff0\",\"nonce\":2084524493,\"merkle_root\":\"97ddfbbae6be97fd6cdf3e7ca13232a3afff2353e29badfab7f73011edd4ced9\"},\"alertpubkey\":\"040184710fa689ad5023690c80f3a49c8f13f8d45b8c857fbcbc8bc4a8e4d3eb4b10f4d4604fa08 dce601aaf0f470216fe1b51850b4acf21b179c45070ac7b03a9\",\"protover\":70002}"

Granted, it is quite a lot of coin specific info, but given just the above, iguana can do a full parallel sync. If you have a coin you want to support, most of the above details can be found from blockexplorer of genesis block, or maybe just post in that coin's thread. I will accept pull requests for genCOIN scripts.

The corresponding basilisk script just changes a few values:
ltc:
\"RELAY\":0,\"VALIDATE\":0,\"prefetchlag\":11,\"poll\":100
\"startpend\":1,\"endpend\":1,\"services\":128,\"maxpeers\":16

It took 20 minutes to fully sync LTC and 5 minutes for SYS. Runtime resource usage isnt fully optimized yet for basilisk, but first step is to get the iguana full nodes in place. Once they are in place, then LP services will provide significantly more revenue potential, but always it is providing decentralized services and market driven fee levels.

BTCD blockchain will be where service provider availability and status will be posted and also for when a fast blocktime is needed.

Now you might be worried that iguana having to support all the coins at the same time will mean it is a large program, but its code size is less than 2MB. And that code handles all the coins, InstantDEX and even has the alpha versions of pangea and PAX built in, so if anything the size will probably get a bit smaller.

It has a single external dependency: pthread
So no boost, no networking lib, nothing external to hassle with. I did incorporate directly the libsecp256k1-zkp and portions of gmp.

I still have the "last mile" to code up and debug, but now is the time to get the iguana nodes in place. The more nodes, the more coins can be supported, the more basilisk wallet will be used, the more people will trade, the more fees to be earned.

SuperNET will be running a few service providing nodes, along with MGW so end users will always have service available and fees can be directly earned.

iguana fees will flow through the corresponding asset, ie InstantDEX for DEX fees, pangea for pangea fees, etc. but there will be some things without any corresponding asset like wallet txfees and those will flow through crypto777. There will be a 10% royalty for all the fees that go to crypto777, which I believe is small enough to not impede adoption, but big enough to be meaningful when things go mainstream.

Of course, BTCD transaction levels will go up, so staking BTCD will earn more fees from all this.

MGW and SuperNET nodes wont get any special preference and they will compete on open market regarding fees with whoever else is running a service provider node. This assures best prices and smallest spreads for users and the market will automatically adjust prices.

What revenue levels are possible? It all depends on factors that are hard to estimate ahead of time, but considering that iguana is quite a bit ahead of anything else and BTCD is starting to deploy real world dapps, it is a good place to be.

I know all the dapp platforms are getting all the attention, but who exactly will create the mass market useful dapps? Some weekend casual programmer or me? There is nothing the dapp platforms provide that isnt already available with bitcoin + iguana, so in a sense BTCD is a dapp platform and has a dedicated dev creating mass market potential dapps. Ultimately as crypto transitions out of the "dot-com" type of bubble, the surviving projects will be the ones that get mass market usage and thus the mass market revenues.

For those that think 10% is too low a fee for crypto777, I guess my thinking is that economies with 10% tax rates tend to grow a lot more than those with 50% tax rates and even though it is 1/5th the nominal rate, it can often generate a lot more actual gross revenues than the high tax rates.

InstantDEX necessarily has a 1/777 fee 0.14% to prevent attack vectors, without that fee it can be attacked and it works out to be right in the range of typical exchange commission rates. I will have more info on InstantDEX details in the coming weeks (yes weeks, not months) just dont know exact timing as I prioritize fixing bugs in iguanacore and that means I dont know how much time I have available for the other parts. So far there havent been that many bugs.

For those that think that it has taken too long to get here, I ask, how many other bitcoin core implementations are out there that can run many coins at once. And how long those took to create and how large they are and if it can run in a purely lite mode or a revenue generating full node basis. If so, I could have saved a lot of time and cut and pasted it.

For those worried others will just cut and paste it, the code is GPL so whatever improvements they make will come back into iguana and if they make no improvements, then it seems they will have troubles getting adoption. Not to mention they would need to keep up with me improving my codebase.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542072842
Hero Member
*
Offline Offline

Posts: 1542072842

View Profile Personal Message (Offline)

Ignore
1542072842
Reply with quote  #2

1542072842
Report to moderator
1542072842
Hero Member
*
Offline Offline

Posts: 1542072842

View Profile Personal Message (Offline)

Ignore
1542072842
Reply with quote  #2

1542072842
Report to moderator
1542072842
Hero Member
*
Offline Offline

Posts: 1542072842

View Profile Personal Message (Offline)

Ignore
1542072842
Reply with quote  #2

1542072842
Report to moderator
jahl
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
May 30, 2016, 07:29:50 PM
 #9962

the future is bright Cheesy
acdc
Sr. Member
****
Offline Offline

Activity: 265
Merit: 250


View Profile
May 31, 2016, 01:37:51 AM
 #9963

i got the iguana full nodes to provide tx construction services for the basilisk lite nodes. the latter dont need any blockchain and rely on iguana consensus for balance and txconstruction services and the protocol is fully abstracted so any coin that supports a basilisk plugin will work.

What are the function of the 'basilisk lite nodes'?

sounds like we're nearly at the launch pad for 'da moon', where are all the astronauts?

thanks for all your work so far j777, my BTCD bags are full now
jl777
Legendary
*
Offline Offline

Activity: 1176
Merit: 1089


View Profile WWW
May 31, 2016, 03:20:33 AM
 #9964

i got the iguana full nodes to provide tx construction services for the basilisk lite nodes. the latter dont need any blockchain and rely on iguana consensus for balance and txconstruction services and the protocol is fully abstracted so any coin that supports a basilisk plugin will work.

What are the function of the 'basilisk lite nodes'?

sounds like we're nearly at the launch pad for 'da moon', where are all the astronauts?

thanks for all your work so far j777, my BTCD bags are full now
I am making the basilisk functions extensible, but at first it is getting address balances and constructing raw transactions

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
BigCat45
Sr. Member
****
Offline Offline

Activity: 441
Merit: 250


Bigboss


View Profile
May 31, 2016, 03:18:42 PM
 #9965

I'm loaded too now. Let's see where it will go from now. These latest price declines were hard to watch for a bag holders of cause, but a good chance to buy in cheap.
3rdStryker
Full Member
***
Offline Offline

Activity: 172
Merit: 100


View Profile
June 02, 2016, 12:59:38 PM
 #9966

CORE Magazine JUNE Edition



- Bitcoin News bought to you from Bitscan
- NXT 2.0 Annoucement
- WAVES News
- COFINT Update
- ICOcountdown.com Interview
- Tau Chain Report by ICOcountdown.com
- SuperNET Update
- Transpotimers Comic
bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 03, 2016, 09:19:10 AM
 #9967

People in Poloniex are complaining about BTCD withdrawals for the last 3 days.
Be careful there.
l8orre
Legendary
*
Offline Offline

Activity: 993
Merit: 1002


View Profile
June 03, 2016, 11:01:48 AM
 #9968

People in Poloniex are complaining about BTCD withdrawals for the last 3 days.
Be careful there.

oops- can you maybe give some more info?
I have traded BTCD on POLO in the past (bought them, that is) - I don't have any there at the moment, but would be good to know more!
bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 03, 2016, 12:21:01 PM
 #9969

People in Poloniex are complaining about BTCD withdrawals for the last 3 days.
Be careful there.

oops- can you maybe give some more info?
I have traded BTCD on POLO in the past (bought them, that is) - I don't have any there at the moment, but would be good to know more!

cryptrader website shows chats for specific coins.
This is what it collected about BTCD from poloniex chatbox

http://image.prntscr.com/image/63ec08ab068f4ab1b78ab49e11293a7a.png
l8orre
Legendary
*
Offline Offline

Activity: 993
Merit: 1002


View Profile
June 03, 2016, 02:28:01 PM
 #9970



cryptrader website shows chats for specific coins.
This is what it collected about BTCD from poloniex chatbox

http://image.prntscr.com/image/63ec08ab068f4ab1b78ab49e11293a7a.png

Thanks!  Smiley
bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 03, 2016, 02:45:15 PM
 #9971



cryptrader website shows chats for specific coins.
This is what it collected about BTCD from poloniex chatbox

http://image.prntscr.com/image/63ec08ab068f4ab1b78ab49e11293a7a.png

Thanks!  Smiley

You are welcome Smiley
cmg777
Member
**
Offline Offline

Activity: 65
Merit: 15


View Profile
June 03, 2016, 03:53:45 PM
 #9972

People in Poloniex are complaining about BTCD withdrawals for the last 3 days.
Be careful there.
cryptrader website shows chats for specific coins.
This is what it collected about BTCD from poloniex chatbox

http://image.prntscr.com/image/63ec08ab068f4ab1b78ab49e11293a7a.png

Thanks for the info BitKokos2. However, I think BTCD withdraws are working as I just made a transaction for withdrawal and received a confirmation. I will check my wallet when I get home from work. Also, Polo will usually tell their users in the bulletins that a certain wallet is down for maintenance or just that the wallet is down in general, kind of like Cryptopia.

Complete BTCD 0.10972500
 


2016-06-03 15:40:42
Address: RY5FWH4N3eSZACd2VuBoj9dqfPuZL*****
Txid: cf6d430c18bdf99f2ebe75d589f1cae41978743fff613218178d3b794037ecc2

bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 03, 2016, 06:48:06 PM
 #9973

People in Poloniex are complaining about BTCD withdrawals for the last 3 days.
Be careful there.
cryptrader website shows chats for specific coins.
This is what it collected about BTCD from poloniex chatbox

http://image.prntscr.com/image/63ec08ab068f4ab1b78ab49e11293a7a.png

Thanks for the info BitKokos2. However, I think BTCD withdraws are working as I just made a transaction for withdrawal and received a confirmation. I will check my wallet when I get home from work. Also, Polo will usually tell their users in the bulletins that a certain wallet is down for maintenance or just that the wallet is down in general, kind of like Cryptopia.

Complete BTCD 0.10972500
 


2016-06-03 15:40:42
Address: RY5FWH4N3eSZACd2VuBoj9dqfPuZL*****
Txid: cf6d430c18bdf99f2ebe75d589f1cae41978743fff613218178d3b794037ecc2


Maybe small amounts withdraw faster. I remember cryptsy where small amounts could be withdrawn within a day where large amounts could take weeks/months.
cmg777
Member
**
Offline Offline

Activity: 65
Merit: 15


View Profile
June 03, 2016, 07:43:29 PM
 #9974

Maybe small amounts withdraw faster. I remember cryptsy where small amounts could be withdrawn within a day where large amounts could take weeks/months.

LOL yea all this talk of Polo not withdrawing BTCD does remind me of Cryptsy. At Cryptsy, I remember that larger withdraws wouldn't go through at all or for some random reason I would get half of what I wanted. It was almost like they were staking with the very BTCD wallet that hinged upon their customer's withdrawals/deposits for their exchange service. Still not home yet just taking a break. I don't have the BTC to spend on more BTCD today. How much were you withdrawing just curious? Usually, Polo is pretty transparent about this stuff.

Update: I checked my wallet and found that the withdrawal went through  Smiley.

Breasal
Hero Member
*****
Offline Offline

Activity: 586
Merit: 500


View Profile
June 04, 2016, 04:47:11 AM
 #9975

Anyone suspect BTCD will ever reach its ATH of over $5 USD? If so, why and when? Thanks.

boomboom
Hero Member
*****
Offline Offline

Activity: 874
Merit: 503



View Profile
June 04, 2016, 04:53:43 AM
 #9976

Anyone suspect BTCD will ever reach its ATH of over $5 USD? If so, why and when? Thanks.


Why, coz BTCD is like selling 'shovels' to all the other blockchains, every blockchain based application  will need to use the middleware tech jl777 has created to stay competitive


When, I'd say another 6 months, jl777 is finishing everything first and not launching a half made product.

BTCD is for patient people who do research

bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 04, 2016, 08:41:59 AM
 #9977

Maybe small amounts withdraw faster. I remember cryptsy where small amounts could be withdrawn within a day where large amounts could take weeks/months.

LOL yea all this talk of Polo not withdrawing BTCD does remind me of Cryptsy. At Cryptsy, I remember that larger withdraws wouldn't go through at all or for some random reason I would get half of what I wanted. It was almost like they were staking with the very BTCD wallet that hinged upon their customer's withdrawals/deposits for their exchange service. Still not home yet just taking a break. I don't have the BTC to spend on more BTCD today. How much were you withdrawing just curious? Usually, Polo is pretty transparent about this stuff.

Update: I checked my wallet and found that the withdrawal went through  Smiley.

I don't use polo. I only used it to buy doge a year ago.
Breasal
Hero Member
*****
Offline Offline

Activity: 586
Merit: 500


View Profile
June 04, 2016, 09:21:20 AM
 #9978

Anyone suspect BTCD will ever reach its ATH of over $5 USD? If so, why and when? Thanks.


Why, coz BTCD is like selling 'shovels' to all the other blockchains, every blockchain based application  will need to use the middleware tech jl777 has created to stay competitive


When, I'd say another 6 months, jl777 is finishing everything first and not launching a half made product.

BTCD is for patient people who do research

This sounds reasonable, thanks for the feedback. I'm quite a big holder of BTCD. I remember the hype pre-BTCD becoming the middleware tech and scooped up as much as I could. I also believe BTCD can be at center-stage one day. Development takes time but hope the BTCD-vortex of all things crypto related does not get lost in the dust by new hyped tech that keeps pushing out. Software eats everything, including older software.
cmg777
Member
**
Offline Offline

Activity: 65
Merit: 15


View Profile
June 04, 2016, 02:15:31 PM
 #9979

I don't use polo. I only used it to buy doge a year ago.

What exchanges do you use?

bitkokos2
Hero Member
*****
Offline Offline

Activity: 666
Merit: 500


View Profile
June 04, 2016, 04:27:35 PM
 #9980

I don't use polo. I only used it to buy doge a year ago.

What exchanges do you use?

For btcd I use bittrex. I buy some from time to time
Pages: « 1 ... 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] 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 ... 551 »
  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!