[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative

[john-connor]

It seems that it's already implemented?  I transferred some coins today and it appeared to complete after one transaction.

It can be implemented in just any coin
by simply altering the number of required confirmations,
but doing so you'll compromise the network security.

This is how the Bitcoin dev guide addresses this issue:

1 confirmation: The transaction is included in the latest block and double-spend risk decreases dramatically.
Transactions which pay sufficient transaction fees need 10 minutes on average to receive one confirmation.
However, the most recent block gets replaced fairly often by accident, so a double spend is still a real possibility.

How does VNL prevent the recent block being replaced by reorganization without
forking the chain?

Correct, you cannot do this with Bitcoin or derivatives without making it insecure. Neither Bitcoin or any other clones I have inspected have replaced the original mempool technology or surrounding communications sub-system. To answer your question though I have to ask:

What does "the most recent block gets replaced fairly often by accident" mean and why would this occur? Is this a bug in Bitcoin?

Thank you for your support.

[YarkoL]

Correct, you cannot do this with Bitcoin or derivatives without making it insecure. Neither Bitcoin or any other clones I have inspected have replaced the original mempool technology or surrounding communications sub-system. To answer your question though I have to ask:

What does "the most recent block gets replaced fairly often by accident" mean and why would this occur? Is this a bug in Bitcoin?

If I understand correctly, you are saying that the
improvements in network propagation of messages will
diminish the probability of forks occuring to a such a low
number that using 1/confirmation is safe?

If the Bitcoin system of reorganization is only a fix and
forking is just an artifact caused by communication lags,
then I think I would call the Bitcoin system kind of
a hack...

But Satoshi was one sly fellow, so I'm not subscribing
to this view just yet. Perhaps there are deeper reasons why he made
things as they are...  

In any case, glitches in network are sure to happen even if the
p2p is incredibly fast. And what about malicious attack with
a private chain?

[traumschiff]

Correct, you cannot do this with Bitcoin or derivatives without making it insecure. Neither Bitcoin or any other clones I have inspected have replaced the original mempool technology or surrounding communications sub-system. To answer your question though I have to ask:

What does "the most recent block gets replaced fairly often by accident" mean and why would this occur? Is this a bug in Bitcoin?

If I understand correctly, you are saying that the
improvements in network propagation of messages will
diminish the probability of forks occuring to a such a low
number that using 1/confirmation is safe?

If the Bitcoin system of reorganization is only a fix and
forking is just an artifact caused by communication lags,
then I think I would call the Bitcoin system kind of
a hack...

But Satoshi was one sly fellow, so I'm not subscribing
to this view just yet. Perhaps there are deeper reasons why he made
things as they are...  

In any case, glitches in network are sure to happen even if the
p2p is incredibly fast. And what about malicious attack with
a private chain?

John also wrote this on the VNL forums: https://talk.vanillacoin.net/topic/142/version-0-2-8-beta-release/5

[YarkoL]

Ok, when I've got the time I'm going to dig deeper into
the source. TBH all this seems sensational, but many questions
arise (like possible attack vectors, and network problems that are
independent of the code).

However, if VNL has truly achieved a drastic improvement on
a such fundamental level then this

<john-connor> Some people wil crap themselves.

would be an understatement.

[liulby]

iOS is now considered Beta.very beatfully!

[traumschiff]

News 05/15

• Poloniex is going to look into the confirmation change / mechanism and will lower the confirmations needed for deposits according to the outcome of their review
• Here is a screenshot of the native Android Proof of Stake wallet finding a block: https://talk.vanillacoin.net/topic/143/temporary-proof-of-work-pause-at-block-117833/4
• FPGA development is ongoing, Mojo's are hashing, but not able to mine currently

[liulby]

News 05/15
You are great!

• Poloniex is going to look into the confirmation change / mechanism and will lower the confirmations needed for deposits according to the outcome of their review
• Here is a screenshot of the native Android Proof of Stake wallet finding a block: https://talk.vanillacoin.net/topic/143/temporary-proof-of-work-pause-at-block-117833/4
• FPGA development is ongoing, Mojo's are hashing, but not able to mine currently

[traumschiff]

You are great!

John deserves the credits, we just help out as a community

[pokeytex]

News 05/15

• Poloniex is going to look into the confirmation change / mechanism and will lower the confirmations needed for deposits according to the outcome of their review
• Here is a screenshot of the native Android Proof of Stake wallet finding a block: https://talk.vanillacoin.net/topic/143/temporary-proof-of-work-pause-at-block-117833/4
• FPGA development is ongoing, Mojo's are hashing, but not able to mine currently

Traumschiff - is there an idea on the hash rate of (1) mojo v3?  Just curious to determine how many I want to buy.

Thanks - pokeytex

[traumschiff]

News 05/15

• Poloniex is going to look into the confirmation change / mechanism and will lower the confirmations needed for deposits according to the outcome of their review
• Here is a screenshot of the native Android Proof of Stake wallet finding a block: https://talk.vanillacoin.net/topic/143/temporary-proof-of-work-pause-at-block-117833/4
• FPGA development is ongoing, Mojo's are hashing, but not able to mine currently

Traumschiff - is there an idea on the hash rate of (1) mojo v3?  Just curious to determine how many I want to buy.

Thanks - pokeytex

In theory it could be as high as 150-250 MH/s with 5-10W energy consumption, but keep in mind that this is not yet tested, but rather an assumption based on the chips capabilities and the WPX hashing algo. You have to wait for John to finalise the software to get an exact number.

Currently with the diff that gpu's make and the reward schedule it would be obviously more profitable to buy directly, but than again these FPGAs don't really cost much in terms of electricity so it could potentially ROI (slowly though) with a future price rise.

On a second note, one could resell them at any point since they should have a really long lifespan and also have other good uses.

[Karn]

Any news about ccex, or are we just SOL?

[traumschiff]

Any news about ccex, or are we just SOL?

C-cex pretty much sent round a message blaming everyone and everything they could instead of saying they fucked up. They won't refund anyting.

Their TOS also has a row basically saying that if problems arise they have 0 obligations.

[malickie]

Any idea when the Android PoS Wallet will be tested?  Or has it already been done?

[traumschiff]

Any idea when the Android PoS Wallet will be tested?  Or has it already been done?

It is under continuous development and testing, jump on irc for daily information. Anyone can take part in the testing of the latest builds.

[thefix]

Great community

This coin/project is on my top five list and FPGAs make this an even sweeter deal

I am excited about the possibility about learning more about and setting up some FPGA boards for long term low power environmentally friendly mining.

[STEALTHMODE]

Any idea when the Android PoS Wallet will be tested?  Or has it already been done?

It is under continuous development and testing, jump on irc for daily information. Anyone can take part in the testing of the latest builds.

Okay, but is there a download link for de android pos wallet? I really want to test it.

[majoh]

Any idea when the Android PoS Wallet will be tested?  Or has it already been done?

It is under continuous development and testing, jump on irc for daily information. Anyone can take part in the testing of the latest builds.

Okay, but is there a download link for de android pos wallet? I really want to test it.

Yes. Just go to IRC

https://kiwiirc.com/client/irc.freenode.net/#Vanillacoin

and type: !android

And you will get the download link. I don't know, why it is not in OP, but maybe because it is in !!! Testing Stage !!!.

[CryptoClub]

Not sure if I mentioned it here, but a Bitcoin dev I know is doing a code review for Vanillacoin. Funny thing, he was commenting in my group about some other coin he didn't approve of code-wise, and I explained I can't really do code reviews and I just go on the fundamentals. Anyway, he want's to help out the crypto scene and is working on the code review for Vanillacoin. Super technical and it will be a paper, but what I know so far is it definitely isn't a scam based on sheer amount of work, and he agrees it "shines" compared to most alts. He had some pros and cons, and I tried to explain it was still in progress and being worked on. Anyway, it was good enough news that I bought more.

When it is done I will publish on my website cryptocollectorsclub.com, and in the group link at the bottom of my sig. I asked him to do SDC next just as I have always been curious how good or bad the code is on that as well.

[traumschiff]

Any idea when the Android PoS Wallet will be tested?  Or has it already been done?

It is under continuous development and testing, jump on irc for daily information. Anyone can take part in the testing of the latest builds.

Okay, but is there a download link for de android pos wallet? I really want to test it.

Yes. Just go to IRC

https://kiwiirc.com/client/irc.freenode.net/#Vanillacoin

and type: !android

And you will get the download link. I don't know, why it is not in OP, but maybe because it is in !!! Testing Stage !!!.

We agreed not to include a public link while it is in the testing phase. Both iOS and Android wallets will be released around the same time soon. Please go to IRC if you want to test it.

[traumschiff]

Not sure if I mentioned it here, but a Bitcoin dev I know is doing a code review for Vanillacoin. Funny thing, he was commenting in my group about some other coin he didn't approve of code-wise, and I explained I can't really do code reviews and I just go on the fundamentals. Anyway, he want's to help out the crypto scene and is working on the code review for Vanillacoin. Super technical and it will be a paper, but what I know so far is it definitely isn't a scam based on sheer amount of work, and he agrees it "shines" compared to most alts. He had some pros and cons, and I tried to explain it was still in progress and being worked on. Anyway, it was good enough news that I bought more.

When it is done I will publish on my website cryptocollectorsclub.com, and in the group link at the bottom of my sig. I asked him to do SDC next just as I have always been curious how good or bad the code is on that as well.

I am very happy that we will have a review from soneone who is probably competent in the area, awaiting the results. If your contact needs any kind of help or explanations while doing it forward him to our IRC, John can be found there usually.

Thank you again for helping the community.