[ANN] [2GIVE] / POS+POW HYBRID CHAIN W/5% STAKING AND BLOCK CAPTURE REWARDS

[TheLittleDuke]

Ok, that answers my second question, how many confirmations you need once you stake in order to have your coins back in the operable state.
But my original question was: how old your blocks have to be so that you are able to stake (maturity)?

Sorry, staking is a 30 day minimum holding period and a 90 day maximum

Coins are eligible to stake 5% per annum every 30 days.

If you wallet is shutdown for more then 90 days it won't stake -- you'd have to send the coins back to your self ( or some transaction making change) to restart.

Basically it encourages people to fire up the wallets -- and hopefully to just leave them running since it takes SO LITTLE CPU -- and you can compete for block rewards ;-)

-dvd

[uki]

Ok, that answers my second question, how many confirmations you need once you stake in order to have your coins back in the operable state.
But my original question was: how old your blocks have to be so that you are able to stake (maturity)?

Sorry, staking is a 30 day minimum holding period and a 90 day maximum

Coins are eligible to stake 5% per annum every 30 days.

If you wallet is shutdown for more then 90 days it won't stake -- you'd have to send the coins back to your self ( or some transaction making change) to restart.

Basically it encourages people to fire up the wallets -- and hopefully to just leave them running since it takes SO LITTLE CPU -- and you can compete for block rewards ;-)

-dvd

ok, thanks for the clarification and answers to my both questions.

[yogibaer]

Hi!

I'm also new in 2GIVE! How to compete for PoW Blocks? is it enough to use the CPU for mining?

Console: setgenerate true

I tried this and the wallet showed an activated PoW Blocks Icon but still hardly used the CPU?

[BITDV]

Hi!

I'm also new in 2GIVE! How to compete for PoW Blocks? is it enough to use the CPU for mining?

Console: setgenerate true

I tried this and the wallet showed an activated PoW Blocks Icon but still hardly used the CPU?

Yes that is correct it will only mine blocks that have tx fees in them as that is the reward the 1% tx fee so if the block has no tx fee's your cpu will basically be a sleep , so it very energy officiant  only uses power when it needs to, so for example if the block is a pos block it basically just bypasses  it and has a snooze ..then if a block comes thru that has a tx fee in it , it grabs a quick coffee and get to work and competes against every one else , SO MAY THE BEST CPU WIN!!!

[kseroks]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

[DaMut]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

[TheLittleDuke]

Hi!

I'm also new in 2GIVE! How to compete for PoW Blocks? is it enough to use the CPU for mining?

Console: setgenerate true

I tried this and the wallet showed an activated PoW Blocks Icon but still hardly used the CPU?

You're discovering why we say:

It's Better 2GIVE!

The wallet is UBER efficient -- it ONLY mines when there is something to work on!  In 2GIVE, we do not support "Proof of Waste" mining since the chain will not accept zero value blocks!

The wallet sleeps until something shows up in the mempool and then will SPIKE hashing to find the NONCE to solve the POW block, which is ONLY based on the 1% TXFEEs that ride with it.

This means many things for 2GIVE stakeholders:

1. Your transactions are going to be confirmed initially in a lightning fast manner, which builds confidence by recipients
2. EVERY WALLET can participate in mining with an "equitable" chance of winning the block reward
3. There is almost ZERO incentive for a pools or even ASIC miners to compete for most blocks unless the reward is sufficient
4. There is no penalty for leaving your wallet open and even mining 24x7 -- its not gonna burn up your CPU!

All the details can be found in our whitepaper/design document/value proposition:

http://bit.ly/2GiveCoin

-dvd

[TheLittleDuke]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

Say it with me:

It's Better 2GIVE!

[TheLittleDuke]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

It's totally random -- really really -- it depends on the number of wallets online at any given moment -- I can tell you that we're averaging around 80 connections on our seed nodes, but that doesn't tell us how many people have POW mining enabled...

I hope what has been demonstrated here by our newest stakeholder kseroks is that EVERYONE can contribute to securing our chain.

And how cool is that?

We can use basic SCRYPT and strip the advantage from ASIC miners and POOLS !?

It's Better 2GIVE!

[kseroks]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

What can I say... the Laptop was included more than 15 hours with a running wallet. Periodically came and checked. This unit was seen at 22:00 Moscow time 21.05.2016 But now something strange is happening. Hike unit the network is not accepted. Now 22.05.2016 wallet was launched again and is already present in this unit. Look at the screenshot http://prnt.sc/b6xfwd
Maybe I should not have shut down all??

[TheLittleDuke]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

What can I say... the Laptop was included more than 15 hours with a running wallet. Periodically came and checked. This unit was seen at 22:00 Moscow time 21.05.2016 But now something strange is happening. Hike unit the network is not accepted. Now 22.05.2016 wallet was launched again and is already present in this unit. Look at the screenshot http://prnt.sc/b6xfwd
Maybe I should not have shut down all??

ORPHANS happen -- it's a reality -- gotta be here to make it happen

Next time?

[kseroks]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

What can I say... the Laptop was included more than 15 hours with a running wallet. Periodically came and checked. This unit was seen at 22:00 Moscow time 21.05.2016 But now something strange is happening. Hike unit the network is not accepted. Now 22.05.2016 wallet was launched again and is already present in this unit. Look at the screenshot http://prnt.sc/b6xfwd
Maybe I should not have shut down all??

ORPHANS happen -- it's a reality -- gotta be here to make it happen

Next time?

To be honest, I already do all confused... See: http://prnt.sc/b6xhm1

[kseroks]

It turns out my laptop something can. Himself in shock.   All the link: http://prnt.sc/b6smzx   

wow...

how long?

What can I say... the Laptop was included more than 15 hours with a running wallet. Periodically came and checked. This unit was seen at 22:00 Moscow time 21.05.2016 But now something strange is happening. Hike unit the network is not accepted. Now 22.05.2016 wallet was launched again and is already present in this unit. Look at the screenshot http://prnt.sc/b6xfwd
Maybe I should not have shut down all??

ORPHANS happen -- it's a reality -- gotta be here to make it happen

Next time?

To be honest, I already do all confused... See: http://prnt.sc/b6xhm1

Now after restarting the wallet  http://prnt.sc/b6xmog

[TheLittleDuke]

Now after restarting the wallet  http://prnt.sc/b6xmog

We would need to look at the TXID (in the Transactions page, then double click on the Reward) item

Then we can look it up in the blockchain to see if you won it or if someone else beat you to it?

To know for sure you could go to Help / Advanced Options / Console and type

listtransactions

Since its the last one it would tell you if its an "orphan" or not.

Orphan blocks can happen when two (or more) miners find the nonce at around the same time -- the one who broadcasts it to the network first and is accepted will be the winner.  It can also happen if one miner finds a nonce at a higher proof of work (difficulty), or has more transactions folded in.

-dvd

[SimkoMiner]

Somebody buying big chunks of cheap coins. Just sayin'

[TheLittleDuke]

Here is a great example of how 2GIVE is different in the way it continually works to keep the chain as compact as possible:

https://www.blockexperts.com/2give/height/2348

You'll see that the sender (very generous by the way, thank you!) -- wanted to send 1000 coins to the Donation address.

Instead of working like every other wallet/coinbase to find a single matching transaction, 2GIVE actually bundles up smaller transactions PLUS some to "coalesce" coins back into larger units.

This is how we work to balance what happens with POS staking which can work to continually split blocks of coins in half.

One of the things our research has lead us to is what we call a "predictable hard forking" that would say, every 100,000 blocks run through the chain and bundle up all the unspent outputs and create a new genesis block to start from.

This would dramatically manage the overall size of the chain in perpetuity!

Cool huh??

-dvd

[jalmari]

One of the things our research has lead us to is what we call a "predictable hard forking" that would say, every 100,000 blocks run through the chain and bundle up all the unspent outputs and create a new genesis block to start from.

-dvd

Can you explain this a little bit more? If I have unspent outputs those are lost after 100,000 blocks?

[TheLittleDuke]

One of the things our research has lead us to is what we call a "predictable hard forking" that would say, every 100,000 blocks run through the chain and bundle up all the unspent outputs and create a new genesis block to start from.

-dvd

Can you explain this a little bit more? If I have unspent outputs those are lost after 100,000 blocks?

The core idea is that the system would bundle up all the unspent outputs and put them into a new genesis block.

The act itself could be managed by a custom version or mode of the wallet that as that block count is approached nodes could compete to produce one at a high enough difficulty -- the chain height is just a number that could be carried forward into the new chain file.

I don't pretend to have it all figured out yet ;-)

But I think its something critical for mainstream adoption -- it's also an important component to permit things to be "forgot" -- more on that later when we start unveiling the reputation layer.

-dvd

[TheLittleDuke]

Check out this short video by our IOS developer showing the first steps to getting a 2GIVE wallet onto iPhones

https://drive.google.com/file/d/0Bz2pcoMS-tXCck5rVHMtRTUxOEk/edit

We're leveraging the OSS BreadWallet codebase and plan to add in some really cool features like "Web of Trust" digital notary services

-dvd

[SlimePuppy]

Kaspersky Antivirus heads-up:

I'm running a 2Give wallet with setgenerate on a Windows 7/64 desktop.  Kaspersky outright stopped the wallet and deleted it:  "Detected object (process memory) was deleted."

Also, Kaspersky reports:




Finally, there seems to be a disconnect with the Windows QT wallet - the main screen reports 22 transactions, while the actual transaction page only shows 12 transactions.  The transactions and reported balance are in sync, and there's no sign that any actual transactions are missing.  It just seems that the transaction number on the main screen/page/tab seems to be incorrect.

edit...fixed transaction report numbers - I have 12 actual transactions while the "Dashboard" says I have 22 transactions.