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PHP Script Casino Management System Online Casino Full Feature

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The Nexus FAQ - part 1

Full formatted version: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/
 

Nexus 101:

  1. What is Nexus?
  2. What benefits does Nexus bring to the blockchain space?
  3. How does Nexus secure the network and reach consensus?
  4. What is quantum resistance and how does Nexus implement this?
  5. What is Nexus’ Unified Time protocol?
  6. Why does Nexus need its own satellite network?
 

The Nexus Currency:

  1. How can I get Nexus?
  2. How much does a transaction cost?
  3. How fast does Nexus transfer?
  4. Did Nexus hold an ICO? How is Nexus funded?
  5. Is there a cap on the number of Nexus in existence?
  6. What is the difference between the Oracle wallet and the LLD wallet?
  7. How do I change from Oracle to the LLD wallet?
  8. How do I install the Nexus Wallet?
 

Types of Mining or Minting:

  1. Can I mine Nexus?
  2. How do I mine Nexus?
  3. How do I stake Nexus?
  4. I am staking with my Nexus balance. What are trust weight, block weight and stake weight?
 

Nexus 101:

1. What is Nexus (NXS)?
Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world.
For a short video introduction to Nexus Earth, please visit this link
 
2. What benefits does Nexus bring to the blockchain space?
As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
For information about more additions to the Lower Level Library, please visit here
 
3. How does Nexus secure the network and reach consensus?
Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels.
Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
 
4. What is quantum resistance and how does Nexus implement it?
To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0.
Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states.
Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously.
Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly.
One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys:
Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF
Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz
Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen.
Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code.
This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security.
The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash.
To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
 
5. What is the Unified Time protocol?
All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution.
The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected.
It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
 
6. Why does Nexus need its own satellite network?
One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population.
Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.
 

The Nexus Currency (NXS):

1. How can I get Nexus?
There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below.
Currently, Nexus is available on the following exchanges:
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
 
2. How much does a transaction cost?
Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly.
When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
 
3. How fast does Nexus transfer?
Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
 
4. Did Nexus hold an ICO? How is Nexus funded?
The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy.
The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks.
The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites.
When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust.
Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
 
5. Is there a cap on the number of NXS in existence?
After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events.
When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees.
Colin Cantrell - Nexus Inflation Explained
 
6. What is the difference between the LLD wallet and the Oracle wallet?
Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet 0.2.3.1, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency.
The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
 
7. How do I change from Oracle to the LLD wallet?
Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet.
Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup.
Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2.
Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
 
8. How do I install the Nexus Wallet?
You can install your Nexus wallet by following these steps:
Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system.
Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB.
On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location.
Using Windows, follow these steps:
On macOS, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu.
Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2.
Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet.
Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions.
Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it.
You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.
 

Types of Mining or Minting:

1.Can I mine Nexus?
Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting:
Prime Mining Channel
This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU.
Hashing Channel
This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU.
Proof of Stake (nPoS)
Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
 
2. How do I mine Nexus?
As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available.
Please follow the instructions below for the relevant type of miner.
 
Prime Mining:
Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet?
Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only.
Step 1 - Extract the archive file to a folder.
Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing.
It is also recommended to add the following line to the options found in the .conf file:
"experimental" : "true"
This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate.
Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
 
Hashing:
The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability.
The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner.
Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf
You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder.
Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet.
For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
 
3. How do I stake Nexus?
Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active.
IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
 
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight?
These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values.
Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction.
Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%.
With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking.
Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases.
Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction).
This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions.
Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
submitted by scottsimon36 to nexusearth [link] [comments]

Laffka opensource torshop+bitcoin

Laffka opensource torshop+bitcoin
14.8 For sane instructions, please refer to https://github.com/eruina/laffka, most relevant technical stuff is in README.md - https://github.com/eruina/laffka/blob/masteREADME.md
14.8 RELEASE 2.01
pip3 -r requirements.txt
nano app/configuration.py
nano app/templates/disclaimer.html
python3 laffka.py
https://github.com/eruina/laffka
10.8 Made one test sale, spores for for microscopy in syringe.
Can confirm, payment of mailing expenses made to my wallet rapidly and without problems.
Proof:https://www.blocktrail.com/BTC/address/1FwJdVgMZHK6WWX9t9GJnBnSVrSqfqkARB/transactions
Revamped site, welcome: http://laffka6wwduoexvb.onion/
source code will be availible 12.8
Revamped sitehttp://laffka6wwduoexvb.onion/
9.8 Items can be added, removed and edited from console panel:
Console item
And this is how it looks like listed: http://laffka6wwduoexvb.onion/item/6
Listing
Custom list of amounts to ship is in use now, howver - admin console validates only if session authorized.
What does this mean? Means that putting wrong values into database might bring whole Laffka down. Especially amount lists and orders which include both MainNet and TestNet orders.
Temporary solution would be to implement /rescue page, where admin can delete any offending row from database. Bit lame, but would do for now.
I am also puzzled at in which form package is to make. Well, have 3 days to figure it out.
8.8 At very basic level Laffka works in very basic level without any external stuff. Here:
Second part of admin console
At the risk of being labeled pedlling crap - shop example on laffka should work: http://sporeikzj77hnrxq.onion/ (yes, it is fully working little shop)
8.8 Items can be changed from console now. One can change, but not add or remove items at the moment.
Ugly as hell, but admin console in fact doesnt need to be pretty.
it needs to be functional.
https://preview.redd.it/xqpdx0rn0ue11.png?width=1195&format=png&auto=webp&s=c495e2c89b59c7a0fcc35a2c123a83a8667c35d1
6.8 Orders part of console is finished. Orders shown - ones that are paid, and ones that are marked with note.
Rather nifty, but probably requires additional changes after code is released.
Orders page
Order 98 will be shown even if Wif key is swept. Order 99 will disappear after Wif key is swept. Simple, and probably will require additions, but would do for now.
Time to fiddle with items.
5.8 Something like this. Subject to change!
Console, early version
5.8 Admin console is a bit of a puzzle. At the moment, I think of showing orders that has been paid AND orders which has note left by admin. Should be sufficient for first release version.
I also deem it bit pointless at the moment to validate values of admin console forms, orders and items.
4.8 pip3 module requirements now include flask-login and flask-session.
It would be interesting to run few instances of Laffka with common order table. This way one can make and keep a lot of small darknetshops in hidden onion land, with overall price well under 50€.
Login and session are required for shopowner identification, means it is in progress, after which packaging only left.
It might be interesting to make liveusb with sole purpose of running small Laffka-torshop.
Word Laffka is from finnish Lavka, which means small shop, usually at market place.
2.8 I should mention, that purchase process is very nonintrusive for customer. Gives a bit strain to shop owner, but not much.
1.8 Meanwhile I suffer from heat and overuse of bandwith, here is small presentation, how payments work.
Suppose customer would like 3pcs of Test item 1:
Generic order of Test item 1
So, customer clicks 3pcs, and arrives at second page:
Address part of ordering
Finally customer arrives at personalized payment page
Check out
After which customer is asked to pay for order:
Electrum Testnet
After order being paid, payment reflects on orderpage(http://laffka6wwduoexvb.onion/pay/mryJ3ukrFHoUmdHeSkR4XZcwe3wvG3pRkd)
After payment been through:
Finished payment
Shop owner can claim funds by sweeping own private key from admin console(not finished yet)
Private key cUP4jznEGX8EDMPw813w4B7E6fBo3FDXPqhRLp5sFHq3v3KCgP2z
All right, now lets swipe:
Sweep-sweep.
Voila, New transaction received
Received payment
So, all in all customer paid 4.64526, and shop owner received 4.64108, difference is paid for bitcoin transaction, while private key was swept.
Nifty.
1.8 FFS. Seems I've depleted bandwith for august.
need to tune tor more careful.
UPDATE: temporarily example can be accessed at http://laffka6wwduoexvb.onion/. test22cq47 doesn't work for now.
1.8 Satellite skeleton is done, orders page in progress.
Makes sence to finish satellite with instructions after admin console is done.
Still fucking hot in here, coding advances very slow, yet I believe it is going to be finished before deadline, 12.8
31.7 Satellite is in works, meanwhile testshop can be found at http://test222cq47k6qrn.onion/
http://laffka6wwduoexvb.onion/ is going to point to project site itself, with sources and instructions.
31.7 My bad.Had theoretic items in a shop, and was considered peddling crap by administration.
Exchanged those to Test item 1 and 2, as seen here: http://laffka6wwduoexvb.onion/
Project is now hosted separatedly from development, and should be availible all the time.
Of course, since it is early Alpha, it can fall, but otherwise you are welcome to make test order and pay it with testBitcoins.
It is fucking hot here, literally cannot concentrate myself to do anything useful.There is but two things left before release:
  1. Admin console (for fiddling with items, and sending orders)Have idea how to elegantly handle orders, but not items
  2. Some form of ready to deploy package
Also, I must mention requirements. Installing whole thing on pristine CentOS 7.4 was under 15mins, so here are first requirements:Python3 and python3-pip
And pip requirements for now: flask, requests, Flask-APScheduler, Flask-WTF, bitmerchant
12.8 is still deadline for release.
29.7 Nifty!!!
Too hot to think about admin console, yet it is not harder to run few instances of Laffka on machine than typing:flask run --port=5678andflask run --port=6789
in two different consoles. Actually nifty. No conflicts, two absolutely separate instances having nothing to do with each other.One can already generate sales, yet database from admin perspective is accessible only from some DB Browser.
29.7 I have observed, that visitors are coming to payment page, where it asks address and then most probably close page.
Don't be afraid, type some stupid shit there, it will transfer you to payment page itself. Don't be afraid to pay order neither, since testBitcoins do not cost anything. Neither I receive any information, except routes of visitors.
Answering questions: Design is no priority whatsoever. Since Laffka is developed with Tor in mind, there is no graphical elements at all. May be later CSS will be tweaked and ability to add pictures to items, but I don't see myself developing cushy designs for Laffka.
It should be lightweight, fast and simple. Functionality is of priority here.
Then there is question "How can I participate". At the moment only by testing is a method or participation, ie making order and paying with testBitcoins. After first release, one can branch code and develop own branch. I am not yet ready to release first public version.
Before releasing, there is necessity to create make/setuptools.py
28.7 Hello.
Always wanted my own small shop on darknet, not consolidated markets, which are riddled with such problems as exit scams, DDOS attacks, rules which you couldn't change and whatnot.
Never found anything suitable, heard about torshop, but apparently it was a scam.
Which is quite understandable - never trust your private keys to unknown third party, it is just plain stupid.
I think I came up with solution. Well, I didn't invent idea of opensource, but I think I know how to make this thing work.
Let me present Laffka, in its very much alpha stage.
It is written in Flask+python3, and uses* sqli*te as database engine. Doesn't require blockchain downloading, checks transactions online and generates private keys for bitcoin wallet sweeping, thus getting payments for *a t*x price.
Should work clearnet too, I don't see why not. Works excellent and made specially for hidden service purpose.
No binaries whatsoever, everything is in clean and understandable python+html. No surprises, no hidden stuff. Plain opensource. And plain opensource will be released, without tricks.
There are some pypi dependencies, I will list them in documentation upon release.
And release is coming soon. Not yet, but I've decided to draw a little attention, since Laffka accepts and processes payments, albeit on very basic level (no admin console at the moment, lot of functionality still missing)
Please observe alpha version 0.02 in action - http://laffka6wwduoexvb.onion/
make order, or observe existing order - http://laffka6wwduoexvb.onion/pay/mxprSXCVX7WvvADDDVCrKmEhfsvWvznawu
(observe increasing wallet balance upon sending testBitcoins. No blockchain involved.)
It would be greatly appreciated if you'd make order and pay for it. TestNet, not MainNet, so no money involved whatsoever. I require some feedback about project. You can run Electrum in testnet electrum --testnet, and get testBitcoins at some faucet, https://testnet.coinfaucet.eu/en/ for example (there are others)
If link doesn't work, it is ok - means I've took it off, and it will be coming back online bit later. Resource will run continuously when I finish satellite for Laffka (ToDo list is on index at http://laffka6wwduoexvb.onion/)
Thanks for attention.
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yes, it is me
http://silkkitiehdg5mug.onion/faceless
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submitted by faceless-valhalla to darknet [link] [comments]

Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain
https://preview.redd.it/6gvkwst0chw11.png?width=880&format=png&auto=webp&s=8e34f501819e16b6c2c286b9c02c9f357a15ba0a

What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index

https://preview.redd.it/7c273o53chw11.png?width=689&format=png&auto=webp&s=219d1e810f4d9217c55c336273b6d2f021257dfa
Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain onTwitter, Medium and LinkedIn.
submitted by Waykichain to u/Waykichain [link] [comments]

Everything You Need to Know About WaykiChain

Everything You Need to Know About WaykiChain

https://preview.redd.it/uho8eww9npw11.png?width=880&format=png&auto=webp&s=960d1dc0f9afa9c17633a4fae2c43a41ace45260

What is WaykiChain?

WaykiChain is a block public chain focusing on blockchain technology development and related operations. WaykiChain has positioned itself as an infrastructure that is based on both Ethereum and Blockchain, intending to trigger a collective growth of different industries by presenting an enterprise solution.

Determined to build a world-class decentralized platform and ecosystem, WaykiChain launched the first smart-contract-based game prediction DApp in May 2018 with over 130,000 install volume, token WICC listed in 100+ exchanges, peaking at $3, community members over 300K, is believed to be innovating a new business model in the new era.
WaykiChain, a team focused on blockchain industry’s foundation and application development, now consisting of nearly 70 people, with core members from world-renowned companies such as Alibaba, Tencent, Morgan Stanley and Intel, is hoping to ultimately achieve an ecosystem that everyone can participate in the building and share the results.

Where is WaykiChain Heading?

The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete on-chain smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry industries to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

Further Reading

White Paper
WaykiChain white paper is in update now, and will be available soon.
Huobi Project Center
https://www.huobi.br.com/projectcenteproject/?id=91&utm_source=Marketing&utm_medium=Referral&utm_campaign=WICC
Waykichain Developer-Friendly Community
http://www.waykichain.com/announcement.html?id=887

WaykiChain’s Technology

Consensus Mechanism
Delegated Proof of Stake (DPoS) is a consensus algorithm maintaining irrefutable agreement on the truth across the network, validating transactions and acting as a form of digital democracy. Delegated through token holders’ vote, ledgers nodes will package all the transactions in the block and get corresponding reward. DPOS can maximize token holders’ interests and network performance, meanwhile minimize the maintenance and operation costs.
WaykiChain adopts DPoS, which is the most adaptive consensus mechanism for developing and operating applications on chain. The block is successively generated by 11 ledger nodes. Every 10 seconds, a new block will be generated on WaykiChain. Verified by WaykiChain mainnet operation, the transaction confirmation speed can reach 1000+tps.
Vote Mechanism
WaykiChain adopts DPOS consensus mechanism with 11 ledger nodes. When a block is generated, a node is elected with the most votes according to random perturbation algorithm from the 11 nodes. Then ledger node gains all of the transaction fee in its ledger block. Users can get proportionate votes by locking their WICC. Every node can be cast for 11 candidates at most. Every voted user will be awarded proportionate interest. When users’ corresponding accounts’ votes changes, the interest from voting will be received automatically. The first year’s rate of interest is 5% and it will decrease 1% annually during the following years. Finally, the annual rate of interest will be fixed at 1% permanently.
Smart Contracts
WaykiChain is a smart contract platform that supports Turing devices. These smart contracts can help in a variety of real-world applications including copyright issues, decentralized exchanges and asset problems. It adopts DPOS consensus mechanism, sets up 11 voting nodes, and generates a new block every 10 seconds. According to detailed calculation by WaykiChain team, currently, the confirmed transaction speed can reach 1000+tps.
WaykiChain’s smart contract can be built using the programming language Lua. Lua was developed in the early 1990s and has an extensive developer community. It has been used in desktop development, web development and the Internet of Things. It also is one of the easiest programming languages and hence it provides an incentive for developers to code on WaykiChain’s platform.
Sidechain
The most popular smart contract cryptocurrency Ethereum, failed when Cryptokitties were released. Ethereum’s network was unable to handle the massive influx of users. Thus, scalability remains a huge problem. Fortunately, WaykiChain has a feature known as sidechains which can deal with huge amount of users. Applications built on WaykiChains will have their own sidechains and they are not linked in any way to each other.
WaykiChain Ecosystem Development System
WaykiChain ecosystem development system is driven and co-developed by three parties: WaykiChain core developers, open source community developers and business developers. In the decentralized system, WaykiChain team will provide technical standards and community contribution incentives to ensure that the entire ecosystem moves forward as a whole. On the basis of the underlying public chain, plug-ins, and smart contracts, business developers are able to develop applications efficiently and build their own brands with blockchain’s credit endorsement.
WaykiChain plans to establish Technology Research Academy to gather a group of outstanding developers with decentralized blockchain beliefs. WaykiChain will provide underlying technology support and standards. Developers in the academy can free communicate, learn from each other and co-develop a fully decentralized community.
Ecosystem Layered Architecture
WaykiChain technology stack consists of four layers: the core node layer, the wallet node layer, the application platform layer, and the DApp application layer. Any developer can choose which layer to start development based on their own development capability, business needs, and application flexibility needs. WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.

Further Reading

WaykiChain Github: https://github.com/WaykiChain/WaykiChain
How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

WaykiChain Applications

Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.
WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.
WICC Lock & Revenue Sharing Plan
In order to reward all community supporters and provide a channel for application operators to make retribution to community, WaykiChain launched WICC Lock & Revenue Sharing Plan. Application operators can provide a portion of the proceeds to the community members to encourage their contribution to the entire public chain, and to motivate the community to continuously improve the public chain as a more robust underlying system. Investors can lock their own WICC, as a way of showing long-term optimism about the project, to get a certain amount of revenue.
Investors can lock a certain number of mainnet WICC through the entrance in WaykiChain DApp. During the lock period, this part of WICC cannot be traded, transferred, or consumed as transaction fee. When the lock period expired, WICC will be automatically unlocked and become tradable. During the lock period, investors will receive WICC revenue at the end of each month. The amount of each investor’s WICC revenue is related to his/her WICC lock volume and duration, total WICC revenue generated during the period, and the total WICC lock volume and duration of all investors participating in the lock plan during this period. Specific calculating formula is as follows:
WICC Lock revenue Calculation Formula:
Each investor’s daily WICC revenue = Each investor’s lock index / The sum of each investor’s lock index * Total WICC revenue that day
Each investor’s lock index = Each investor’s WICC lock volume * Time index * Volume index
Time Index Table
Decentralized App
The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
WaykiBet V2.5 enables a new feature that everyone can be a bookmaker. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, WaykiBet will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Besides, WaykiBet V2.5 has exempted the betting fee through the structure optimization and allows the player to participate in the betting directly after creating a new wallet without activation to ensure users outside of the cryptocurrency industry can be involved in the easiest manner.
WaykiTimes Wallet
The new WaykiChain wallet, named as WaykiTimes will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile it will has a “News” section to meet different users’ needs. In the future, WaykiTimes will implement WaykiChain token economy to encourage the community members.
Getting Setup
Download WaykiBet DApp V.2.5 at official website: https://www.waykichain.com/

Meet the Team

WaykiChain team is comprised out of over 60 individuals with relevant experience in marketing, business, betting, lottery, betting and crypto industries.
Wayki Sun, Founder & CSO
One of the earliest digital currency investors and entrepreneurs in China. The founder of Xinhuo Network, the founder of Ou Lu Zhong Chou and the Managing Director of Jufeng Digital Asset Management Co., Ltd. Sun led an investment team of hundreds of people with great achievements made in stock, foreign exchange, futures and digital currency markets.
Gordon Gao, CEO
Gordon Gao, an alumni of Columbia University, ex-Lead Data Scientist of Fishbowl in Wall Street, ex-Senior Data Analyst of Alibaba Group, senior member of Mensa International Club. He is responsible for offering support to WaykiChain’s commercial model designing and strategy planning, building up a digitalized monitor system for products and operation and promoting WaykiChain overseas with his international background.
Tony Chau, Co-founder & CBO
Bachelor’s Degree in Finance from the University of Toronto in Canada and served in Hongshang Asset Management Co., Ltd. Focused on industrial surveys and commercial analysis, with in-depth research and distinctive perception on business operation models, and professional financial knowledge and complete project experience.
Tame Huang, Chief Consultant
The founder of BTC38, served as Product Manager and Project Manager of Tencent, Vice President of Fantasy Basketball, and Chief Strategy Officer of Licai Box; Huang was involved in the investment on more than ten high-tech enterprises, such as Jidian Technology, Yixiang Network, Maoming Rural and Commercial Bank, Jujin Technology, Cointime, etc., and established the Bitcoin Time Digital Currency Exchange in May 2013.
Xi Zhang, CPO
Tsinghua MBA, former Senior Product Manager of Tencent. Xi Zhang has been engaged in Internet industry for 14 years with several entrepreneurial experiences. In 2008, he joined aibo123.com as Product Director, responsible for the product design and operation of Olympics lottery. In 2014, he stared his own business and founded QiuShang APP, the first prediction APP in China applying big data prediction with 8% return rate and 67% win rate. In 2016, as a partner, he joined the Haiqiu Technology founded by famous football player Sun Jihai, responsible for the Miaohai business unit. He was fully responsible for the products, technology, operations, and marketing of Miaohai sports short video APP. The total downloads of Miaohai APP were 6 million and daily active users were 1 million.
Richard Chen, CTO
Master of Computer Science from the National University of Singapore and Bachelor of Communication Engineering from Shanghai Jiao Tong University. Richard worked for Alibaba and was responsible for the internal and external information security system construction of the entire groups Customer Service Department. Prior to this, Richard also served as Senior Vice President for the worlds top investment bank Morgan Stanley for 3 years and Intel Chief Architect for 8 years. Richard has received four US patents and won Intel Achievement Award (IAA). Richard has published several global patents in encryption technology, distributed network communication and collaboration, and big data.
Xiang Li, CMO
MBA degree from Tsinghua University, former COO of Brightoil Online under Brightoil Petroleum (Holdings) Limited, senior manager of Dacheng Food (Asia) Limited, has over a decade of experience in marketing and brand building. Ms. Li is an expert in building brand strategy, brand positioning, advertising channels, event marketing, crisis management, etc. Now Ms. Li is the marketing director of WaykiChain, responsible for the brand operation of WaykiChain in the global market and marketing cooperation.
Getting Connected:
  1. Website: https://www.waykichain.com/aboutUs.html
  2. Telegram: https://t.me/wiccofficial

FAQ:

What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX has already supported WICC mainnet migration, Huobi will support the migration in November, 2018). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the official WaykiChain wallet. By consuming the tokens, you can also use various applications on WaykiChain.
What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet DApp. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.
What are WaykiChain’s advantages as a public chain 3.0?
There are three different types of blockchain: public chain, consortium chain, and private chain. Public chain refers to the consensual blockchain that any individual or team can read and send transactions to, and obtain valid confirmation. Public chain, also known as the non-license chain, is totally open to the whole network that any node can access or leave at any time without any permission. As a public chain of blockchain 3.0, WaykiChain has the advantages of high speed, high stability and flexibility, and low handling fee, providing rich development tools and perfect development environment for worldwide developers. Adopting DPoS consensus mechanism, sidechain technology and other technologies, WaykiChain can process 1000+ transaction requests per second. Relying on its strong strength of underlying technology and innovation, WaykiChain can effectively support high-traffic application scenarios and realize the landing of WaykiChain ecological applications.
What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.
What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user’s WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.
What consensus mechanism does WaykiChain adopt?
WaykiChain adopts DPOS consensus mechanism, a new algorithm to guarantee the security of cryptocurrency network. DPOS consensus mechanism can offset the negative effects of centralization through implementing technology-based democracy, and maximize the effectiveness of the public chain through nodes accounting. DPOS can be understood as giving the token holders a key to open the voting rights corresponding to their tokens, instead of giving them a shovel to mine. DPOS can maximize the profitability of the token holders, minimize the cost of network security, maximize the efficiency of network, and minimize the cost of network operation. WaykiChain has 11 accounting nodes in total. The nodes are generated by the token holders’voting. If nodes are making trouble or cannot account normally, the token holders can change their votes, so that there will be other nodes to replace to ensure that the public chain can be operating normally.
What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions. By the end of June 26th, AEX Exchange, CEO Exchange, and Bying Wallet have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain’s Wechat official account for more details.
Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain’s code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain’s globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.
What is WaykiChain Block Explorer?
WaykiChain Block Explorer is a system that displays all transaction information on WaykiChain and provides visualized track services. Technically, a block explorer works by scanning the block into the database server and then setting up a Web access service. Users only need to import the transaction hash to check whether the transaction has been packaged and confirmed. From the point of product, block explorer is more suitable to be called as asset explorer, which provides asset certification for users so that they don’t have to visually identify or manually analyze the transactions themselves. The block explorer also provides statistics of blocks and transactions, helping users to directly understand the activity of the blockchain. The statistics can also be translated into various indexes for investors to understand the project. To track the transactions, users can search relevant information on WaykiChain official website through WaykiChain wallet address, transaction hash or block height.

Further Reading

https://www.waykichain.com/question.html

Wish List for WaykiChain

Just thinking it would be great to create a post for everyone to post what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain.
Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain on Telegram, Twitter, Medium and LinkedIn.
submitted by Waykichain to WaykiChain_WICC [link] [comments]

The Nexus FAQ - part 2

Full formatted version: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/
 

The Nexus Community:

  1. What principles does Nexus abide by?
  2. Who is building Nexus?
  3. Who do I contact to become involved?
 

Nexus - Past & Future:

  1. How did Nexus start?
  2. Is there a roadmap for Nexus?
  3. What does TAO stand for?
  4. When is Tritium expected to be released?
  5. How will Nexus solve the scaling debate?
  6. What is the 3DC or 3D Chain?
  7. How will Nexus solve blockchain bloat?
  8. Will Nexus incorporate Smart Contracts?
  9. Will there be any hard forks in Nexus?
 

Bringing Nexus to Earth:

  1. Nexus claims to “decentralize the decentralization.” What does this mean?
  2. How is Nexus going to put Cubesats into orbit?
  3. Why is Nexus using Vector Space and Galactic Sky?
  4. When will the first Cubesats be launched?
  5. How many Cubesats are required for the mesh network?
  6. How much does it cost to build and deploy the satellites, and how is this funded?
  7. Does Nexus have any developers working on developing the mesh network?
  8. Where can I find further information?
 

The Nexus Community:

1. What principles does Nexus abide by?
Nexus operates under the following overarching principles:
Respect
Respecting ourselves and others brings greater cooperation and growth, building strong relationships and stronger communities.
Knowledge
Through knowledge we are able to discover the mysteries of the universe, gain a greater understanding of those around us, and let go of the fears that hold us back. The pursuit of knowledge is an adventure that brings us amazing discoveries which enrich our everyday lives.
Honesty
Honesty and transparency foster trust between people, which helps us make better decisions in all aspects of our lives and enables us to be our authentic selves. Honesty cultivates our awareness of the reality around us and improves our communication with others.
Freedom
Pursuing our individual goals and following our passions, without being censored or needlessly hampered, is true freedom. When people voluntarily associate with each other, respecting the principle of ownership, we are able to reach our potential and find true happiness. Freedom is a positive-sum game; a win-win for all people across the globe.
 
2. Who is building Nexus?
The Nexus blockchain is being developed by the Nexus Earth Embassy, a registered nonprofit organization in the United States of America. The Embassy is funded through the Nexus Ambassador Fund.
The Core team members are:
Colin and Brian are full-time developers working on Nexus. We have many part-time contributors that work with our core development team, and we are always keen to find more C++/blockchain team members.
 
3. Who do I contact to become involved?
 

Nexus - Past & Future

1. How did Nexus start?
Nexus started as a vision of improving the Bitcoin protocol, and at the same time cleaning the cryptosphere from scam coins.
Lead Developer Videlicet (Viz) studied the foundations of the Bitcoin Core code, understanding how Satoshi structured Bitcoin and identifying opportunities for improvement. At this time, the altcoin market was being flooded with scams and pump and dump schemes where coins pushing promises, buzz words, and the allure of quick profits were used to swindle BTC from communities. Fom Viz’s vision, Coinshield (CSD) was born.
The first CSD block was mined on September 23, 2014 at 16:20 UTC-7, and the project soon-to-be named Nexus was live. At that point, the project had one channel of mining: a Prime Mining channel (CPU). On October 23, 2014, the Hashing (GPU) channel was launched as the second proof channel. The blocks included a first-ever subsidy, where a portion from each mined block would be sent to one of 13 developer accounts and another portion would be sent to one of 13 exchange accounts. On January 24, 2015, CSD was listed on Bittrex Exchange.
Shortly afterwards, Viz drafted the first whitepaper that outlined how the network would work to recycle and merge the economies and communities of these scam coins. The goal was to help the people in those communities, bring them into the CSD community, and at the same time help clean up the cryptosphere. The exchange accounts would be used to merge these economies by exchanging the coins for a portion of CSD.
On April 11, 2015, Viz announced the intention to rebrand to Nexus. Discussion pursued about the ticker symbol, and NIRO was chosen to represent Nexus. On July 24, 2015, Nexus version 2.0 was released with Nexus Proof of State (nPOS) and the introduction of the Trust Network. This laid the foundation for the broader scope of Nexus.
At the beginning of September 2015, Videlicet revealed his identity as Colin Cantrell. In October 2015, a more formal team was formed to promote development, build the community, and market Nexus. The ticker symbol was revised to NXS. Discussions on Nexus’s direction led to the decision to abandon the recycling and merging that was part of the Coinshield project. The technical work required to implement the merging was done, but with the explosion in the number of new cryptos, the process would have had little impact. Therefore, Nexus began to develop into something much more expansive. The project had a whole new direction.
 
2. Is there a roadmap for Nexus?
Nexus does not release a detailed roadmap to the public, in order to prevent price manipulation. Providing dates and deadlines creates fear of missing out (FOMO) when they approach, and fear, uncertainty, and doubt (FUD) if they are missed or met. Instead, Nexus outlines a Strategic Vision, consistent development updates, and a set of larger releases called the TAO.
Future features:
 
3. What does TAO stand for?
Each letter represents the activation of a component required for the 3DC. Each component corresponds to a transaction level lock.
All three of these updates will include improvements to the advanced contracting virtual machine.
 
4. When is Tritium expected to be released?
The Tritium wallet will form the basis of the Tritium updates, as the new wallet will include a faster backend, and a cleaner interface design. This also speeds up transaction throughput, implements Level 1 locks, and also activates signature chains with enhanced trust algorithms.
The Nexus developers want to ensure that they release the best architecture possible and are working diligently on making this complicated process a reality.
 
5. How does Nexus solve the scaling debate?
Since every transaction requires space in a block, there are several solutions that have been proposed for blockchains. Bitcoin has Segregated Witness and Lightning Network, and Ethereum has Plasma, but both essentially rely on off-chain solutions to provide scaling (a more centralized approach). They create payment channels or side chains, that rely on the trust of the verifier to then re-commit the updated balances at the discretion of trusted verifier.
The second proposed solution is to increase block sizes or reduce blocks times as in Ethereum’s case. Effectively, this increases the capacity for new transaction either through size or frequency. Namely, more transactions can fit within a single block, or there are more blocks per time interval. Since each Bitcoin block is found roughly every 10 minutes, increased block size increases the number of transactions per second the protocol can handle.
If you look beyond these solutions, however, there is a key problem with the way the Bitcoin protocol processes transactions. Regardless of the computing power working to find blocks, each block can only fit so much data, and each block still takes 10 minutes to find. Bitcoin consumes the energy equivalent to powering a small country, and yet the only thing that increases is the mining difficulty. This is because each miner is competing with every other miner to find the next block.
Nexus recognizes that using proof-of-work as a competition is ineffective. In fact, this is the very reason that mining pools exist in the first place. Nexus’s 3D chain uses a synergistic approach where additional resources adds capability to the network. The Nexus 3D Chain by design should only be limited by node count, allowing it to scale unhindered.
 
6. What is the 3DC or 3D Chain?
Nexus’s innovation is to replace the mining pool with the blockchain itself on the Level 3 locks. Instead of miners having the authority to determine the next block by getting the winning hash, mining will become a group-wide activity. Miners will submit hashes to the network that lock the Level 2 proof of stake hashes, and agree by group consensus the data that will be locked. With no “one hash rules all,” the 3DC will be a set of hashes that will be combined into a single root hash for that block interval.
As transactions are performed, nodes in the network start verifying them immediately. When they are validated, they are locked by the CPU miners and assigned a weight (L1). This weight and trust increases as more nodes agree that the transaction has happened. As more transactions arrive, the ‘heavier’ transactions require less work and the CPU miners begin on the newer transactions.
After the transactions are validated and locked, the proof-of-stake nodes start to consolidate them into a single hash using their holdings of NXS to provide weight. This locks the transactions with the L2 Trust Lock, which is far more secure than the L1 locks, because all the information has already been verified at this stage.
The GPU miners finalize the addition of the block to the blockchain by hashing the Merkle root hash produced by the L2 Trust Locks.
For more information on the 3D blockchain, please follow this link
 
7. How does Nexus solve blockchain bloat?
Every single transaction performed on a blockchain takes up a small amount of data. Over time, regardless of how small each transaction can be made, the blockchain gets bigger. This is an immutable fact of the blockchain protocol. Satoshi, the anonymous creator of Bitcoin, envisaged the network’s capacity to only be limited by Moore’s Law. As we can see now, this still is a large bottleneck.
After the Segwit upgrade for Bitcoin, a 1MB block size can fit an estimated 12195 transactions per block. With a 10-minute average time per block, that’s only about 20 transactions per second maximum. In practice, this figure lies somewhere between 7-10 transactions per second on average. In order to surpass Visa, which handles 2000 per second on average, block sizes would need to exceed 98MB. If you extrapolate this over a year, then the blockchain would grow by 5 TB every year.
Obviously, this would be difficult to sustain. There are several proposals aimed at reducing this problem, from sharding, to child chains, to blockchain pruning. Nexus’s solution uses a custom-made Lower Level Database to select nodes to service pieces of the 3D blockchain structure. This allows nodes to partition their data use and chain storage across the network. They will no longer require the full chain to reside on their system. The more nodes in the network, the less each individual node will need to service.
 
8. Will Nexus incorporate smart contracts?
Nexus’s contract functionality will consist of contract templates embedded into the underlying code within the 3DC. Nexus contracts will not be turing-complete because infinite runtime is never necessary nor secure in a digital currency. This means Nexus contracts will be more usable without creating network congestion issues.
Some of these contracts will be used to enable key Nexus functionality and will work invisibly. Examples of this functionality includes:
Contracts can be used to store and update information, create payment channels, prove identity, and any number of possible functions yet to be imagined.
 
9. Will there be any hard forks in Nexus?
Nexus is designed to avoid hard forks via the incorporation of an update mechanism which will create updates to consensus rules without having to change the code. These rules will only be issued by developers and their according developer key signature, and will be validated by the other five voting groups.
 

Bringing Nexus to Earth:

1. Nexus claims to “decentralize the decentralization.” What does this mean?
As decentralized as blockchain technology strives to be, it nevertheless remains dependant on traditional infrastructure. By combining the decentralized blockchain software, satellite and ground based mesh networks, and a large team of passionate people, Nexus is focused on gaining a high degree of autonomy from external influences. By placing our own communication infrastructure in space, the network won’t be susceptible to government jurisdiction (similar to international waters).
Nexus’s three-dimensional chain will also reduce the need for mining pools. Pools exist because traditional blockchains only reward miners when they find a block, which can be rare. In essence, Nexus will become the pool, with miners being rewarded for each contribution instead of each block.
The phrase “decentralize the decentralization" was taken from an article written by founder Videlicet on May 6th, 2016. It was the introduction to the idea of “Blockchain 3.0”, and followed up with the technical architectures outlined above. The full article can be read here.
 
2. How is Nexus going to put cubesats into orbit?
Nexus has partnered with Vector Space Systems, which was co-founded by Jim Cantrell. Jim is a veteran in the aerospace industry, having worked with NASA and co-founding SpaceX with Elon Musk. Vector uses small disposable rockets to cut down costs, and are capable of launching 66 kg into low earth orbit (LEO). A standard 1U cubesat weighs less than 1.33 kg, so each launch can put approximately 25 satellites into orbit. We have also found certain opportunities in developing satellites that weigh less than one kilogram to increase the number of satellites per rocket launch.
 
3. Why is Nexus using Vector Space and Galactic Sky?
Vector Space offers affordable launch capability, as it seeks to reshape the multi-billion dollar launch market. It is an innovative leader in the micro-satellite launch industry, as big companies like SpaceX focus on launching mid- to large-size satellites into geosynchronous orbit. Vector plans to be one of the first companies to offer affordable low earth orbit (LEO) capability in 2018.
Galactic Sky, which is a business unit of Vector, uses software-defined satellites to provide a satellite virtualization platform. Using this virtual environment, developers can test ideas and algorithms to demonstrate satellite viability without having to launch and test in orbit. This helps accelerate the conception and testing process, going from years to weeks.
The connection between Vector Space and Nexus goes beyond that of supplier and client. Jim Cantrell, CEO and co-founder of Vector Space Systems, is a firm supporter of Nexus and has interest in its success.
 
4. When will the first cubesats be launched?
Nexus is planning to start launching its first satellites for the Phase 1 constellation in 2019. The satellite designs are currently in development, with our top priority being the implementation of the TAO framework supporting the 3D blockchain. We will also see collaboration with Galactic Sky as it is deployed through the year of 2019.
 
5. How many cubesats are required for the mesh network?
The Nexus mesh network will consist of a range of satellites, from the sub-1U to the larger 3U satellites. Approximately 2000 cubesats will be required to achieve total global coverage. The ground-based mesh networks will help scale and balance this load by performing data transmission on the ground rather than requiring satellite access at all times.
Constellations will be put up in stages, with Phase 1 providing intermittent connectivity. Our launch agreement terms will be disclosed as it is formalized in early 2018.
 
6. How much does it cost to build and deploy the satellites, and how is this funded?
Each 1U cubesat costs approximately $20,000 - 50,000 each to produce depending on assembly and how many units are purchased. A 3U satellite, being larger, can cost up to $100,000. Each Vector launch costs between $1.5 million and $3 million, depending on payload size.
The funding for building and launching these satellites will come from the Nexus Ambassador Fund.
 
7. Does Nexus have any developers working on developing the mesh network?
The mesh network is being developed by Phillip Swazey. Phillip used to work for Iridium, a satellite communication company which currently operates its own satellite constellation. He is currently designing our preliminary 1U satellites for Phase 1 deployment.
 
8. Where can I find further information?
 
submitted by scottsimon36 to nexusearth [link] [comments]

Seele-FAQ

1.How does the neural consensus algorithm prevent double spending?
The neural consensus algorithm converges to a few block producers after the first round of whole-network fast consensus, these block producers use the pBFT consensus algorithm to select the final block producer to validate the double spending and confirm transactions.
2.How does neural consensus algorithm avoid some typical attacks, such as DOS and Sybil attacks?
Unlike the DPoS, all nodes participate in consensus in our algorithm, which means that an attacker could not succeed unless it can handle more than 1/3 or ½ of the nodes; Our algorithm weighs nodes based on the balance in their account. So, as long as a weighted fraction (over 1/2) of the nodes are honest, the Sybil attack can be avoided. If successful, the attacker must spend more than half the amount of money on the entire network node, the cost of such an attack will be very huge and outweigh the gains, making it meaningless.
3.The more nodes, the faster the consensus process. How does the neural consensus algorithm work?
The algorithm is inspired from the ideas of biological neural networks. Taking the visual recognition within the brain as an example, when the eye receives the external light signals, billions of neurons in the brain are linked to identify the signal and finally determine what the signal represents. This procedure is essentially the consensus of billions of neurons.
We propose a neural consensus algorithm that transforms the consensus problem into the processing of large-scale concurrent requests in asynchronous systems and the sorting of data in this environment. In brief, multiple nodes participate collaboratively and concurrently, cooperating in the shared partitioning. The higher the degree of participation, the faster the consensus convergence is reached.
4.How does the neural consensus algorithm determine the block producer?
During the first round of the block consensus process, a group of nodes is randomly selected as block producer candidates according to the contribution of each node (received and processed consensus requests). Then the pBFT algorithm is used to choose the final node producer.
5.Can the neural consensus algorithm avoid fork, and how?
Fork can be avoided. The algorithm ensures that the final selected node producer is honest and that there is only one.
6.How is the genesis block produced?
When a new chain is created, the system account initializes a transaction to generate the genesis block.
7.How is a child chain created in a heterogeneous forest network?
There are three steps in this process: Firstly, to register to the upper level chain with the information about chain account and transaction namespace; Secondly, consensus mechanism is negotiated with the upper level chain; Finally, the genesis block of the child chain is generated.
8.Do transactions within the child chain need to ask the upper level chain for consensus??
No this is not required. Only cross-chain transactions need to ask the upper level chain for consensus.
9.What is the relationship between Value Transfer Protocol(VTP)and TCP/UDP?
Value Transfer Protocol(VTP)is based on the TCP / UDP protocol and is specifically optimized for value transport in blockchain network, and adding richer protocol control and semantic fields.
10.What is the relationship between Value HTTP(VHTTP)and HTTP?
VHTTP is an application layer protocol designed to leverage the Internet Protocol (HTTP) for the Value Internet, facilitating asset registration, discovery and other services.
11.How do user nodes deploy QVIC protocol?
Users download our wallet or blockchain browser, no additional work that requires the user's manual involvement is required.
12.Do we have miners?
No. We reward users based on their contribution, including the number of times consensus has been reached and the number of producing blocks.
13.How does cross-chain communication work?
Using our cross-chain protocol stack, including Value Transport Protocol(VTP), Value HTTP (VHTTP) protocol and Unified Asset Identifier (UAI).
14.How is safety of computing and data exchange for inter-chain and cross-chain ensured?
A security sandbox is used that is based on trusted computing and verifiable computing to ensure the security of results and data exchange.
15.How to join us?
Just download the client (wallet or browser) and register an account.
16.How to get token rewards?
By staying online, improve network speed and connectivity, you can get more tokens.
17.Do users need to download all blockchain data for consensus?
No. Only a light-weight dataset is necessary for consensus.
18.How to become a block producer?
There is no way to know who will be block producer, we randomly select based on the contribution to the consensus.
19.Do we charge a transaction fee? How is this charged?
Yes. Costs are calculated according to the transaction value and the current state of the network, in order to maintain the trading efficiency and fairness for all users.
20.What are the components of the transaction cost?
The computing, storage and network bandwidth resources; the weighted costs involved in the transaction; current network status. User launch a transaction or run a smart contract, we evaluate the input/output size of data, CPU time, and memory occupation for it, the cost can be calculate based on this metrics. If current network is busy, which means too many transactions pending for process, the cumulative weight will be added into cost.
21.How can a transaction be confirmed faster?
This is determined by our consensus algorithm. We do not provide the external interface and mechanism to encourage users to interfere with the speed of transaction confirmation, in order to maintain the fairness of the whole network. For transactions that require faster confirmation, you can create a separate child chain for faster transaction confirmation, greater transaction concurrency, and lower transaction costs.
22.What are the programming languages supported by our smart contracts?
Our smart contracts are web-assembly like and also compatible with EVM, and provide a plug-in programming interface that integrates external libraries and resources to meet the diverse needs of different businesses models.
23.Is there a test network for development and testing?
Yes, and it is free to use.
24.What IDE/tools are used for development?
SeeleIDE is a powerful IDE for visualization, templating, intelligent contract development, testing and deployment.
25.Is our VM compatible with Ethereum and EOS?
Yes, and it is more powerful and more customizable. Developers can customize contract virtual machines to meet the specific needs of different businesses.
26.What we can do?
Whatever Bitcoin and Ethereum can do, we can do: transaction and smart contract operation. IoTA can support million, tens of millions of IoT node applications, we can do, and do a better job, easy to support the deployment and consensus million level nodes; Create and customize child chains as needed, including consensus algorithms and governance structures to support and meet different types of business needs in different organizations.
27.Is our token supply unlimited?
No. We only issue 1 billion Seele token.
28.Why we are Blockchain 4.0?
  1. We include several features of 3.0: faster consensus and transaction confirmation, high concurrency, cross-chain, better governance mechanisms, and so on.
  2. Building on this we add some improvements: we propose the fundamental protocol stacks for Value Internet and heterogeneous forest network, to connect and communicate with our own chains and Bitcoin, Ethereum and other blockchain systems. In addition, we propose a neural consensus algorithm where the higher the degree of participation, the faster the consensus convergence is reached.
  3. Our governance mechanism is innovative. It takes into account efficiency and fairness, co-existence of various consensus algorithms, and various token systems and decentralized exchange rate mechanism.
  4. Seele provides a complete ecosystem of bottom-up technologies, architecture and top-level applications, enabling all types of resources worldwide to trust each other for greater information exchange and business collaboration and for enabling more efficient society.
29. Seele open source?
Yes. Seele adheres to the spirit of open-source, openness, cooperation and win-win and welcomes the global open minds to contribute ideas and code. GitHub: https://github.com/seeleteam.
30.What is the benefit to use your platform if the procedure for child chain is much longer then to just set gas prices like Ethereum?
Child chain is for the purposes of resource isolation, faster transaction confirmation, lower fee, and meet different business requirements.
31.So how simple is it to create a separate child chain? Is it as easy as setting Gas like Ethereum?
Yes, you can refer to Question 7. The fee will be charged according to our evaluated cost, generally user cannot change it.
32.What's max tx/s for Seele?
Million TPS, depends.
33.Do we have a testnet? When will mainnet be available?
Yes, we have testnet for test purpose, mainnet will be available about 2018 Q3.
34.We are trying to plan on building some cross-chain protocol to communicate with other blockchains such as Ethereum, is it technologically possible for switching some existing projects are already built on the smart contract of Ethereum switch to the Seele blockchain?
Yes, we can and have plan to leverage some existing projects (such as Cosmos) and technical thoughts into our cross-chain protocol and Value Internet protocol stack to improve blockchain ecosystem. Currently we're focusing on the fundamental level protocol instead of application level for cross-chain communication as competitors doing.
35.Can all the child chains can mutually connected to each other directly? Or all the connection need to be done going back to the main final top parent meta chain to do the communication?
Yes. Two child chains can connect directly if no consensus needed for upper level chain.
36.How is the meta blockchain idea being advantage comparing with icon? Icon is an ecosystem to create and connect lots of blockchain, especially connecting with the existing blockchain is a huge advantage. How does the heterogeneous forest network which build in a hierarchical blockchain being advantage comparing with icon?
You can just consider our meta blockchain as genesis blockchain to handle global consensus and global assert registration, and as the parent chain for all child chains in one forest ecosystem. based on meta blockchain, user can create different child chain to meet different requirements for business models, resource isolation, lower transaction fee, etc.
37.Will it issue ERC20 token or IOU for temporary replacement?
At present, it is the ERC20 token, which will be mapped when the main network is online. Release more details later.
38.When will release code in GitHub?
We will open source code to GitHub 2018 Q1.
39.Any plans to join with other cross chain projects?
Yes. But currently we're focusing on the fundamental level protocol instead of application level for cross-chain communication as competitors doing.
40.Technically, if Seele integrates with the existing project in Ethereum, will the existing project will have the same transaction speed and function as a new project launch on Seele, or the existing project is still limited by the speed and function because it is still within Ethereum network?
Cross-chain protocol just build a bridge to communicate with each other for transferring value and exchanging information instead of changing the architecture of existing blockchain, so the transaction confirmation speed and functions remain unchanged.
41.Are the transaction speed of the different sub-blockchain are mutually effective to each other? Will the transaction speed of the chain effect by their parent or child chain?
different sub-blockchain are separated, which means resource isolation and don't mutually effectively each other. Speed of the chain doesn't affect by their parent or child chain, unless child chain asks parent chain for consensus.
42.What is the max number of blockchain can be created within Seele in theory? If it is unlimited in theory, what restrict the number of growth of chain in real life practice?
unlimited in the theory. In practice the number of chains depends on business requirement, and our implemented data structure.
43.Seele try to aim 1 million TPS in theory, will you consider to upgrade to more than 1 million TPS at the very late future?
Yes, we will keep improving and upgrading our consensus algorithm and architecture to be more scalable and hit higher TPS.
44.How Seele solve the storage problem?
Seele can leverage the storage capacity on-chain and off-chain, such as traditional databases and distributed file systems.
45.What are the advantages of smart contract compared to competitors?
Similar to JVM, layered protocols, pluggable support for EVM, Web Assembly, etc.
46.How does Seele prevent the nodes from colluding?
Colluding is one of attacks, such as Sybil attack. Our consensus algorithm weighs nodes based on the balance in their account. So, as long as a weighted fraction (over 1/2) of the nodes are honest, the Sybil attack can be avoided. If successful, the attacker must spend more than half the amount of money on the entire network node, the cost of such an attack will be very huge and outweigh the gains, making it meaningless.
47.Does the heterogeneous forest network has direct reference to the machine learning/deep learning algorithm? and more this feature is used more it will connect and communicate faster as it is trained on more data? if yes, that can be game changer. I would be very interested to know more technical details about this network.
Currently we don't have direct reference to machine learning and deep learning. We will try to introduce them into our heterogeneous forest network to improve its scalability and performance.
48. Are all of their concepts proven (network + consensus are the biggest risk areas for me)?
Our network and consensus not only concept proven, but also prototype verification in our test network. we're trying to test in more larger scale network.
49.Is the team really that strong? It looks good on a website, but when you dig deeper it's primarily academics.
lots of our team members are experienced engineer and from Microsoft, Tencent, Baidu, etc.
50.Do we know if their concept is viewed positively by the blockchain community?
Yes, all positive about whitepaper and all suggestions to improve our product are welcomed.
51.o become a node in the Seele Blockchain, what computer would I need to run? Would I need a strong CPU, strong GPU, both, or anything decent with good internet will do?
Commodity computer would be ok to join us,the computation cost is lightweight.
52.Are we going to be able to run a master node with Seele?
No master nodes in Seele.
53. Block builders being able to change the blockchain. Can you speak to the meaning of this? Does this mean upgrades and introduction of new features, or does it include modifying blocks?
No, block builders, actually it's block producers, just elected by consensus procedure to packing transactions and adding to blockchain. the block producer not fixed and randomly selected each round. block producer just pack transactions and no any other functions as you mentioned.
submitted by seeletech to u/seeletech [link] [comments]

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