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Author Topic: Zerovert - First Truly & Only Anonymous Coin with Zerocoin | Mandatory Upgrade !  (Read 50820 times)
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zerovert
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November 04, 2014, 10:29:50 PM
Last edit: November 24, 2014, 04:44:02 PM by zerovert
 #1




UPDATE: Please update wallet to newest version from https://github.com/Zerovert/Zerovert/releases/tag/0.8.7.2


**** Warning : You need to export old private keys before upgrade to this version, otherwise the wallet software won't be able to start.

Instruction :

Method 1


dumpprivkey a4KXUxyQeTA9tW5EK5GUYENLz8Ssqi7DSR

YD3DW56yb9YBytbxP4Rne9bmp5RYh4aN9CaaEN1JW1TFHGFaYF1i

importprivkey YD3DW56yb9YBytbxP4Rne9bmp5RYh4aN9CaaEN1JW1TFHGFaYF1i

Method 2

1. Running old wallet software (https://github.com/Zerovert/Zerovert/releases/tag/0.8.7.1) in another machine with different address.
2. Send All ZER to that address
3. Waiting for confirm at least 1 confirmation.
4. *** IF you have MINT TXs in old wallet, please note TX IDs in somewhere.
5. Delete all data in C:\Users\[[YOUR_USERNAME]]\AppData\Roaming\zerovert
6. Install new wallet software (https://github.com/Zerovert/Zerovert/releases/tag/0.8.7.2) in your computer.
7. Waited until the new wallet synced, then send all money back from 0.8.7.1 wallet to your computer that runs 0.8.7.2 wallet.
8. Put MINT TXs that you have, and you have SPEND, but didn't receive the spending transactions in here.

Another issue : IF you have MINT and SPEND Zerocoin, then your SPEND transactions are missing, please contact us via https://bitcointalk.org/index.php?topic=846471.0 with MINT Tx ids and your ZER address, We will send 5x time ZER to your address to compensate for your loss.


What is Zerovert?

Bitcoin is often perceived as an anonymous payment network. But in reality, Bitcoin is probably the most transparent payment network in the world. Bitcoin works with an unprecedented level of transparency that most people are not used to dealing with. All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network.

When Satoshi created Bitcoin, he or she solved the double spending problem by broadcasting all transactions on a permanent public ledger. A byproduct of having all transactions placed on a public ledger is that privacy is sacrificed.

Notable studies have shown that the same techniques used to analyze social network topology can be used to analyze Bitcoin's network topology. Anyone can use the public ledger to break privacy, including powerful corporations and institutions such as the NSA. The powers of large corporations and Big Brother have increased dramatically, and it is time to fight for your right to privacy.

Zerovert (ZER) completely solves the privacy problem of Bitcoin and all preceding cryptocurrencies. It is the first cryptocurrency to implement the Zerocoin protocol, guaranteeing complete anonymity through zero-knowledge cryptographic proofs.


Why Zerovert?

Bitcoin and preceding alternative cryptocurrencies have attempted to solve this problem through the use of transaction mixers or ring signatures. However, there are a number of drawbacks to these proposed solutions. For one, a malicious or compromised member of a mixer or ring signature could break privacy. Furthermore, the anonymity set is a key metric to understanding how private a cryptocurrency is. The anonymity set in formerly proposed solutions is limited by the size of the mixing cycle or ring signature. Each mixing cycle or ring signature is limited by the number of transactions per cycle, which is transitively limited by the the block size of the cryptocurrency. Thus, the anonymity set in previous attempts at privacy tends to only be a few hundred transactions.

With Zerovert, the anonymity set is set to a dramatically higher magnitude. Instead of having an anonymity set limited in the few hundreds, Zerovert has an anonymity set that encompasses all "minted coins" in the Zerovert system. The magnitude of the anonymity set is on the order of millions, rather than hundreds - it makes all previous alternative cryptocurrencies aimed at privacy obsolete.


Team

The Zerovert team is dedicated to offering you the new gold standard in cryptocurrency privacy.

The founding team includes:
Poramin, who was also the designer and lead developer of Vertcoin - one of the top 5 most valuable cryptocurrencies by market-cap this February.

Gary, who invented the world's first cryptographic protocol to conduct Bitcoin-denominated peer-to-peer atomic cross chain option contracts for alternative cryptocurrencies.



Specifications

Release date: November 5th, 2014 (Guy Fawkes Day), 12:00 PM EST.
Algorithm: Scrypt-N, merge-mineable on the VTC chain
Total circulation: 8.4 million ZER
2% Allocated to Zerovert Foundation for future development and improvements, .5% for free giveaways
Anonymity Protocol: Zerocoin (original paper can be read here)


Wallet

https://github.com/Zerovert/Zerovert/releases/tag/0.8.7.2



Using Zerovert

To use the Zerocoin Protocol and guarantee anonymity, visit this page here: http://zerovert.org/get_started.html



Exchanges

https://c-cex.com/?p=zer-btc
https://c-cex.com/?p=zer-usd


Pools

http://SimpleMulti.com
http://www.hashharder.com


Giveaway

To redeem your free Zeroverts (1 per person), please tweet at us with your address - or from facebook, message us with a screenshot at https://www.facebook.com/zerovert


Contact

Facebook : https://www.facebook.com/zerovert
Twitter : https://twitter.com/zerovert
Reddit : http://www.reddit.com/r/zerovert/


How to use Zerocoin


1. Create MINT Zerocoin with Mint Zerocoin button
http://i.imgur.com/ECKRtxh.png

2. You will see MINT Tx in Transaction tab
http://i.imgur.com/ECKRtxh.png

3. Waiting until at least 8 confirmations for the MINT Tx
http://i.imgur.com/a1LfSqt.png

4. Go to Zerocoin tab, then click Spend Zerocoin button
http://i.imgur.com/foaVcQ2.png

5. You will see result that the MINT Zerocoin changes from New to Used
http://i.imgur.com/uxawhdp.png

6. Wait for a confirmation for the SPEND Tx
http://i.imgur.com/oXrQans.png

7. Selected "Settings" > "Options"
http://i.imgur.com/jjQcGcM.png

8. Selected "Display" tab > Enable "Display Coin Control features (expertes only!)"
http://i.imgur.com/rIdVfwz.png

9. Click "Send" tab, selected "Inputs..."
http://i.imgur.com/xb5IYng.png

10. Selected Coin that you got from SPEND Tx, then click "OK"
http://i.imgur.com/ONjpWdk.png

11. You will see Send tab, like the below picture, now you can send coin without trace.
http://i.imgur.com/vvJ2UI8.png
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BanditryAndLoot
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November 04, 2014, 10:30:45 PM
 #2

Neat, looking forward to more information  Cheesy

And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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November 05, 2014, 12:36:21 AM
 #3

Source will be released tomorrow as well?
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November 05, 2014, 12:45:38 AM
 #4

Just to be clear are we saying this is going live with zk on 5th?

^ I am with STUPID!
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November 05, 2014, 12:54:03 AM
 #5

Just to be clear are we saying this is going live with zk on 5th?

Yes, we will release the coin with ZK on 5th.
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November 05, 2014, 12:58:16 AM
 #6

Good news!  But how do you distribute the 5% free giveaway? I am interested in.

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November 05, 2014, 12:59:32 AM
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I'm going to request you make an unmoderated thread.  In light of the blocknet scam ALL non scamcoins should have an unmoderated ann thread imo
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November 05, 2014, 01:03:05 AM
 #8

Just to be clear are we saying this is going live with zk on 5th?

Yes, we will release the coin with ZK on 5th.

So that's a "no" on the source code being released tomorrow then?
00Smurf
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November 05, 2014, 01:05:48 AM
 #9

how did you solve the zerocoin flaws?
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November 05, 2014, 01:08:33 AM
 #10

Just to be clear are we saying this is going live with zk on 5th?

Yes, we will release the coin with ZK on 5th.

Awesome, looking forward to it and seeing how you have addressed the various ZK technical challenges.

^ I am with STUPID!
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November 05, 2014, 01:18:49 AM
Last edit: November 05, 2014, 01:51:26 AM by LongAndShort
 #11

Damn it looks like an interesting idea right up until you said alocation/premine of 168k for a foundation.. Sad Satoshi also solved trust with bitcoin. You're introducing it again with a premine

BTW how do you intend to solve the trust issue with zerocoin, the initial parameters?

Im just going to go out on a limb and say this is a fake proposal until proven otherwise. I'm guessing you don't really have zero knowledge implemented let alone it being the "Worlds First"(stated on your twitter) I'm already sending 99.9% zk transaction on a testnet right now and its not vert anything.

Can you be a little more clear on how this came to be and how far you guys are along. I would love for you to change and remove the premine. I think thats an unnecessary hindrance!
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November 05, 2014, 01:35:15 AM
 #12

Looking at the locked thread. Another Vert made by one of the original Vert devs?

Vert already has private transaction capabilities. Why not expand on that instead of new coin?

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
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November 05, 2014, 02:18:58 AM
 #13

Looking at the locked thread. Another Vert made by one of the original Vert devs?

Vert already has private transaction capabilities. Why not expand on that instead of new coin?

Would be nice for Poramin to at least confirm that this is (or is not) his project, with his account here or at reddit or something.
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November 05, 2014, 03:04:46 AM
 #14

Sounds good, hopefully it will be open source from release, or at least have a solid roadmap to when it will be open source.

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November 05, 2014, 03:08:58 AM
 #15

Looking at the locked thread. Another Vert made by one of the original Vert devs?

Vert already has private transaction capabilities. Why not expand on that instead of new coin?

We wanted to come up with something new. The key innovation of Vertcoin was adaptive memory mining algorithm. For this coin, we wanted to stress the Zero-Knowledge privacy aspect of the cryptocurrency.
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November 05, 2014, 03:10:35 AM
 #16

IIRC... Vert used Parallax or Monocle as a testnet for stealth addresses, is this going to be a testbed for future implementation of ZK anon into Vert? if so awesome but I agree.. why not make it a standalone coin...
*edit the "why not make a different coin" is slightly answered above

$MAID & $BTC other than that some short hodls and some long held garbage.
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November 05, 2014, 03:39:32 AM
 #17

Looking at the locked thread. Another Vert made by one of the original Vert devs?

Vert already has private transaction capabilities. Why not expand on that instead of new coin?

We wanted to come up with something new. The key innovation of Vertcoin was adaptive memory mining algorithm. For this coin, we wanted to stress the Zero-Knowledge privacy aspect of the cryptocurrency.

just curious to why you not answering any of the real questions?

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November 05, 2014, 03:43:34 AM
 #18

Looking at the locked thread. Another Vert made by one of the original Vert devs?

Vert already has private transaction capabilities. Why not expand on that instead of new coin?

We wanted to come up with something new. The key innovation of Vertcoin was adaptive memory mining algorithm. For this coin, we wanted to stress the Zero-Knowledge privacy aspect of the cryptocurrency.


Adaptive memory mining algorithm? Are you still involved with VTC? because you know were changing algo's in a matter of weeks. You'll have an AUX-POW coin with nothing but Murray and Spain coin to mine it from.
zerovert
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November 05, 2014, 04:10:52 AM
 #19

how did you solve the zerocoin flaws?

Can you give us a specific flaw that you would like to know ?
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November 05, 2014, 04:16:59 AM
 #20

how did you solve the zerocoin flaws?

Can you give us a specific flaw that you would like to know ?

Zerocoin as currently implemented requires configuration with a trusted non-secret integer of 1,026 bits in length generated by multiplying together two factors p and q. That means you need a "trusted party" to configure Zerocoin; more importantly, if this trusted party decides to hold on to the p and q factors they used (rather than destroying them) or shares them with anybody, then they will be able to double spend any zerocoins. This is a fatal flaw if you wish Zerocoin to operate in a zero-trust manner. afaik

https://github.com/Zerocoin/libzerocoin/wiki/Generating-Zerocoin-parameters
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