submitted by j0j0r0 to ethereum [link] [comments]
Dragonchain Public Proposal TL;DR:Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.
Hello Reddit and Ethereum community!I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.
Executive summaryDragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.
Response and PoCIn The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.
A live proof of concept showing hundreds of thousands of transactionsOn Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.
How it works & scales
Architectural ScalingDragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.
Economic ScalingAn interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.
Scaled DeploymentDragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.
Flexibility in ScalingDragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table
How to run itBuilding on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
ArchitectureDragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.
APIs (on chain & off)
Known issues or tradeoffs
Costs and resources
Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.
This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum
Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to considerDragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
Usability Scaling solutions should have a simple end user experience.
Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactionsDragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.
Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees
Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
Users should be able to view their balances & transactions via a blockchain explorer-style interfaceFrom interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.
Exiting is fast & simpleWithdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.
Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.
Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
Documentation should be clear and completeFor full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.
Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.
Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!
TIMECommunity points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.
Dragon DenDragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.
Security. Users have full ownership & control of their points.All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.
Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone elseUsers can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.
Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone elseThrough our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw
Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offlineIf necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.
A public, third-party review attesting to the soundness of the design should be availableTo our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.
Bonus pointsSee above
Compatibility with HSMs & hardware walletsFor the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.
Minting/distributing tokens is not performed by Reddit directlyThis operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.
One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalableThis is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).
Fully open-source solutions are strongly preferredDragonchain is fully open source (see section on Disney release after conclusion).
ConclusionWhether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!
Disney Releases Blockchain Platform as Open SourceThe team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
Open SourceIn 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document
Dragonchain FoundationThe Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
https://medium.com/@nytmarecrypto/anon-development-update-feb-26th-2019-657228e477dsubmitted by theBigKingsman to AnonymousBitcoin [link] [comments]
In the spirit of continued transparency, the ANON community admin and Development teams have begun regularly cadenced conference calls to stay abreast of development news, address questions and share community feedback. This consistent feedback loop aims to provide an aggregate platform for 2-way communication with the community. Meetings will spotlight current development focus, next tasks in queue, technical updates, Q&A, and community feedback.
Notes / Recap January & February 2019 Deliverables, Tasks, Open IssuesWhat is the current status of the zk-SNARKs vulnerability fix?Significant progress has been made on the zk-SNARKs vulnerability fix and the upgrade is pacing to deliver on schedule prior to the end of March. The majority of the required code has now been incorporated. With many libraries changed, the next week will primarily focus on smoothing out errors in compiling. Once smoothed out, the upgrade will then enter the testing phase. You can read more about our plan to address and timeline here.
Will the vulnerability fix have any impact on the planned blockheight or spork activations scheduled?No, the fix has no impact on activations such as Superblocks go live or Development Fund reward split allocation. However, spork timing may be altered as required by network circumstances. i.e. the reward split change activation was delayed as we worked to get miner configuration corrected.
How is ANON pacing with the development roadmap?The team has over delivered and is pacing ahead of schedule on the development roadmap.
In January the team delivered all components of PHASE 1, and was also able to incorporate SPORKS ahead of schedule. ( a March / PHASE 2 component )
What were the final results of the Coin Burn?At the end of January 2019, ANON hit the long anticipated blockheight of 37,000. This marked the end of the ANON claim period from BTC and ZCL holdings. Since September 10th 2018 — the following were transmuted into ANON:
5,012,100.034231079 BTC1,733,174.679775752 ZCL-T (transparent)8,633.47816196002 ZCL-Z (shielded)
A grand total of 6,753,908.19216905 ANON were distributed to the holders of Bitcoin and ZClassic. From the ANON blockheight of 37,000 onwards, no further claims may be made. Combined with ANON mined post fork, the total circulating supply of ANON is 7.97M (at the time of writing). The current supply is live on the ANON block explorer.
Since the remaining ANON was left unclaimed, approximately 24 million were forever ‘burned’ (removed).This leaves ANON’s MAX Supply at 20,228,644. It is important to note that this is the upper potential level, and may not be reached due to further burning of unused Superblock rewards.
7.97M ANON Circulating Supply (at time of writing)20.2M ANON Max Supply (upper limit)
Was the blockchain stoppage on Feb 14th avoidable?No — The Superblock allocation activation at Blockheight # 39420 created some nuance that needed to be adjusted by the miners. This was an unforeseen issue that was not apparent until the Superblock allocation went live. It was promptly identified, clarified, and the chain moved again.
What were the blockchain issues that occurred earlier in the month?Two weeks prior to the Block 37,000 changes, ANON developers released ANON v2.0.0. On the 5th of February, ANON began experiencing blockchain issues. It was observed that after block 37,000, blocks were being mined without issuing payments to Masternodes.
This was an issue the team expected, and were prepared to issue a SPORK (SPORK_8_MASTERNODE_PAYMENT_ENFORCEMENT) to combat this. The function of the spork was to ENFORCE masternode payments, and effectively BAN the miner from the network. Unfortunately, when the ANON core team issued the SPORK, they discovered that nodes on the network were not enforcing the payment check.
To bring the network back to normal operation, ANON v2.1.0 was released, and all relevant groups (such as Exchanges, Wallets, Mining Pools etc.) were advised of the update. In some cases, nodes remained on the wrong chain, and the development team subsequently issued ANON v2.1.1 on the 7th of February. Once the updates were applied and hash put back into the network, the ANON blockchain resumed normal functionality.
Has ANON worked to refine the process for the mining community?Yes — The ANON development team completed work ahead of the Block 41,000 implementation of the development fund reward split activation. As most pools utilize “s-nomp”, the team had issued a pull request on GITHUB to ensure that the transition occurs as seamlessly as possible. The pull request has been merged. The spork activation occurred with network monitoring in place, and the development fund allocation is now live.
What is the status of the Co-Pay Wallet?An updated BETA release is scheduled to release for testing internally next week. The wallet now has full functionality of Z transactions, full node capability and Governance and Masternode visibility tools (not creation). An updated release with full Masternode and Governance controls within the wallet are in scope for a MAAPR release once focus can shift away from the priority zk-SNARKS vulnerability fix. The team is currently working to resolve a user experience issue on Windows where unpacking in a directory path with a space in it is causing problems.
What are the statuses of our existing Exchanges? At the time of writing, Cryptopia have yet to issue a formal statement regarding the path forward towards either re-opening, or releasing ANON held. It is our understanding that the ANON held there remains in their wallet and was not compromised. Recent posts on their socials indicate they are working to clarify solvency and the way forward.
Trade Satoshi has placed the ANON wallet “under maintenance” prior to the coin burn and maintained that the update was in progress with the wallet team for weeks through multiple contacts. After the Zcash exploit came to light we received further clarification that the wallet would now remain closed until the vulnerability was addressed by the ANON team. They were notified that the fix is in progress and our ETA.
IDAX continues to be an exchange available to those wishing to trade ANON. Recently IDAX had published noticed that ANON had been scheduled for delisting. After further discussion the exchange has opted to retain ANON for the time being, but expressed their desire to see increased trading volume.
Safe Trade has has done exceedingly well throughout, updating within hours of new code being released, and keeping the community informed. They are establishing themselves as a very responsive and reputable exchange of choice. Currently, they are maintaining manual deposits of ANON until more is known about the Zcash exploit fixes to be made.
What is the status of the Coinone Exchange Listing?It has been confirmed that the exchange does not currently, nor ever did, have ANON slotted for new listing. Unfortunately, the Coinone listing negotiation was falsified by bad actors. Though diligence was taken to verify sources; the scammers had a convincing and sophisticated network to falsify their credibility. This combined with intentional obfuscation under the guise of a language barrier proved to be a challenge to detect. A total of 1.5 BTC was paid for listing, which is now unrecoverable. Though regrettable — key learnings from this experience have been gleaned and adopted to help navigate future negotiations and further mitigate risk.
Are there plans for additional exchanges?The team has made initial contact and submitted application for a select group of exchanges believed to be adequate for the project’s needs. Some of these suggestions have come directly from the community. As responses are received, we will juxtapose these opportunities with the market conditions and evaluate the best course of action. We want to ensure ANON has the liquidity necessary for trading, accumulation and wider exposure. We also want to ensure care is taken so that the existing exchange volume is augmented and not further partitioned.
Can CoinMarketCap be updated to reflect the correct circulating supply?We have submitted the information and API feeds for CMC to update our supply metrics. However, the closure of Cryptopia and maintenance of Trade Satoshi have presented obstacles for the update to circulating supply to occur. Daily volume on tracked exchanges ( SafeTrade is not tracked at this time ) have been insufficient for CMC to derive meaningful market capitalization.
Furthermore, there is a required minimum of 3 active exchanges to give the price metrics the weight and spread to be a true representation of the market. When exchange liquidity resumes, be it by re-opening or new sources, we will revisit and have updated.
What is the SUPERBLOCK funding mechanism?With the activation at blockheight 39420, 2.5 ANON (5% of the block reward) will not be mined with each block. A larger “Superblock” will generate at the end of each period containing this withheld ANON to be automatically distributed to passing proposals for the cycle ( > 25% absolute YES ). The first Superblock will generate beginning block 43,800. Subsequent superblocks will generate every 4380 blocks (approx. 30 days).
When will Governance control of SUPERBLOCKS go live?Direct governance control of Superblock funding is scheduled to go live after block 43800.
When will the Development Fund portion (10%) of the reward split go live? The development fund reward split activation occurred via Spork at block 41000.
Community Request — Can the ANON Block Explorer be updated to reflect the block finding pool? The ANON Block Explorer API has been updated to reflect the “MINED BY” party. This was a request made by the mining community and relayed to the development team.
Community Request — Can the ANON Block Explorer be updated to reflect the CIRC and MAX supply? This has been completed and can be viewed on the Block Explorer “Status” page. https://explorer.anonfork.io/insight/status
Community Request — Can the Masternode treasury funding be moved to a public address? The masternode treasury funding is now located on a public wallet: https://explorer.anonfork.io/insight/address/AnbBKBUXh7GTx7DpHMydoa5EDQdn4Jp4rUB
Community Question - Why was the genesis block so small?At the time of the fork, ANON had switched to a new equihash algorithm that was much harder to find a solution for. Subsequently the developers decreased the difficulty on the genesis block to minimize the time it would take.
Community Question — Was ANON susceptible to the BTCP Hack exploit?ANON was not affected by the issue that caused the BTCP hack. Although our code did present the same vulnerability — it was only actionable during a brief period when the set of airdrop blocks were initially mined. We are well beyond that point in time. The vulnerability was never exploited and it cannot be actioned now. Likewise, our mining of the airdrop UTXO was done internally in a closed circle that did not invite external miners. In the case of BTCP, external miners inserted additional records in the UTXO when the commit went through. We have run a script to analyze ANON’s UTXOs and have confirmed that no additional UTXOs were added.
Will the team implement any measures to address the current hashrate?A proprietary official ANON mining pool is currently in development / testing. More details to come in the near future.
Can the official ANON website be updated / redesigned? A full update to the ANON website has been in progress and will work to incorporate more of our available assets and resources. Anticipated release in early MARCH.
Will the white paper be updated to reflect the many changes since being written? A white paper refresh has been completed and is undergoing additional rounds of edits. Anticipated release in conjunction with the website in early MARCH.
Will there be another ANON bounty program?Current resources are deployed on the vulnerability fix, exchange liquidity and development pathing. If another bounty were to occur it would be when resolution to these issues come into focus.
What is the status of Bounty 2.0 distribution?Bounty 2.0 ended December 30th 2018. Due to the Cryptopia hack, we asked for wallet verification from all participants before sending ANON earned. Delayed distribution began Jan 20th 2019. Verification and distribution will remain an open process through March 30th 2019, allowing participants 10 weeks to follow instructions to confirm details and receive their ANON.
On March 31st 2019 all unverified wallets and unclaimed ANON will be forfeited.Current Bounty 2.0 Distribution:
The ANON Development and Admin teams are also active in open communication within the ANON socials. We encourage all community members to participate, debate and foster dialogue that will continue to propel the project forward. #WeAreANON
ANON Telegram: https://t.me/ANONFork ANON Discord: https://discord.gg/2yTdK6s ANON Twitter: https://twitter.com/ANON_WeAreANON
"this movement is horrifying, unsustainable, and reckless. But it's happening, so wheeeee!!!" _chewtoy_
- Long term price channel definitively broken upwards, and has become support once already
- Localbitcoins seeing record volumes basically everywhere https://anacoinda.github.io/localbitcoins/
- CME Group confirms Bitcoin futures market will start trading December 12th
- NASDAQ announces bitcoin futures to begin trading 1st 1/2 of 2018
- Cantor plans to offer BTC binary options
- CoinBase is consistently signing up over 100,000 new users a day
- CFTC Commissioner Brian Quintenz "Although there will always be bad actors willing to engage in manipulative or fraudulent practices, the launch of the bitcoin futures contract provides investors with an opportunity to trade bitcoin exposure in a regulated market."
- GBTC trading at the equivalent of $18,000
- Yahoo Finance goes full crypto https://finance.yahoo.com/cryptocurrencies/
- WSJ Markets covering bitcoin daily
- Schnorr signatures on horizon to increase tx per second and reduce SPAM transactions
- MAST Transactions on horizon (Merkelized Abstract Syntax Trees) Enables smart contracts, greater privacy, and reduced blockchain usage
|Rate (per day)||33.48||1507.53|
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