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Welcome to the Official Energi Cryptocurrency Reddit!

Welcome to the Official Energi Cryptocurrency Reddit!

https://preview.redd.it/mymfi39kf2c51.png?width=200&format=png&auto=webp&s=71c90d32c9bf87dbd393e85bbeedb753e202a5b0
Below you will find a Table of Contents that will cover all the fundamentals of the cryptocurrency.

Table of Contents

  1. What is Energi?
  2. What are the Fundamentals of Energi?
    1. Scalability
    2. Funding
    3. Governance
    4. Inflation
    5. Distribution
    6. Decentralization
    7. Long Term Vision
  3. Coin Specs
  4. How to Get Started
    1. Official Energi Website
    2. Social Media
    3. Exchanges
    4. Energi Block Explorers
    5. Wallet Downloads
    6. Proof-of-Stake Setup Guides
    7. Masternode Setup Guide
  5. FAQ

1. What is Energi

Energi is a self-funding (no ICO and no premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance and Self-funding Treasury to ensure longevity and enable rapid growth. You can read more about why we decided to self-fund and chose not to conduct an ICO here.
Energi provides a small allocation to Proof-of-Stake (PoS) rewards, takes a bulk of the coin issuance and gives it to its treasury and active Masternodes. Energi also allocates 10% on-going reward to the leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

2. What are the Fundamentals of Energi?

  • Scalability
1 minute block times and a 2 megabyte block size limit provide Energi with a vast transaction capacity for regular on-chain transactions. This allows for plenty of space on the blockchain for extremely fast transactions with very low fees.
Energi features a powerful on-chain scaling solution with a system of incentivized full nodes called Energi Masternodes. A Masternode is a full node backed by 1,000 NRG collateral that provides level 2 scalability to the Energi Cryptocurrency. 40% of the emissions of Energi is allocated to Masternodes, providing an extremely strong incentive to grow the number of full nodes and scalability of the network.

  • Funding
A key feature of Energi is its powerful treasury system. Energi makes up to 40% of the emissions available to the treasury, to be utilized in a manner that provides maximum benefit.
Treasury allocation is decentralized, allowing for submitted proposals from anyone, to be voted on by Masternodes and paid out from the emissions.
Energi has a 14 day treasury cycle, allowing quick payments for proposal authors and contributors, as well as strategic responsiveness to effective proposals. Energi is guided by the principle that every dollar spent from its funding model should yield more than one dollar of value in return. Thanks to a 14 day treasury cycle, the Energi team is able to measure results and respond quickly to changes in strategy.

  • Governance
The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers, with voting rights on how to best utilize treasury funding.
This governance model reduces risk by allowing participation from everyone who holds 1,000 NRG as a Masternode. In this way, the Energi community can work together on how to best build the strategic direction of Energi.

  • Inflation
Energi Cryptocurrency has a simple rate of inflation at 1 million coins per month with no maximum cap. This ensures consistency in funding allocation, Masternode rewards, and PoS rewards, making the economics of the cryptocurrency more understandable for everyone who chooses to participate in Energi.
No coin supply limit ensures that Energi is prepared for the long term, avoiding “bubble” economics caused by dramatic early inflation that in most coins only serves to benefit founders ahead of increased adoption.

  • Distribution
Energi conducted a fair launch on April 14, 2018 with no ICO and no premine. Prior to launch, the Energi team gave a specific time and date for the launch of its main net, which its vibrant community eagerly awaited, so that mining could begin fairly, again avoiding centralization among the coin founders (It's important to note that Energi has transitioned from Proof-of-Work consensus to a Proof-of-Stake consensus).
Energi Masternode payments were designed to begin at block 216000, which occurred on September 18, 2018, almost 160 days after launch. This ensured time to list Energi on exchanges, and to grow the community, encouraging fair and equitable distribution before the extremely powerful Masternode rewards began. It is all too common for Masternode coins to feature a premine, which has the effect of centralizing distribution among the founders and early adopters.
From 2018 to 2020, Energi distributed nearly 4 million coins to users who contributed to spreading awareness of the project with social media activities about Energi, such as tweets, follows, and subscriptions on all major social media platforms.

  • Decentralization
Decentralized governance with Masternodes helps to ensure everyone is able to participate in Energi and help guide the project to achieve the best results. The change to the requirement to run a Masternode, from 10 000 NRG to 1 000 NRG, has allowed more people to be involved and boosted decentralization for the whole project.

  • Long Term Vision
All of the above features seamlessly work together in concert, to ensure that Energi is prepared for the long term. Rather than try to closely find a niche in the market, Energi is prepared to adapt and overcome all challenges for many years to come. Energi’s use case is that of a traditional cryptocurrency, such as Bitcoin. However, Energi’s strategy is to excel by avoiding the pitfalls of previous projects, while further utilizing and improving upon the most powerful ideas in the cryptocurrency space.

3. Coin Specs

Ticker: NRG
Block time: 1 minute.
Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).
Masternode requirements: 1,000 Energi.
Treasury cycle: Every 14 days.
Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”
10% will go to the Energi Backbone.
10% to the PoS participants
40% to Masternodes.
40% to the Treasury.
Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the PoS participants, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.
Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.
In order to allow for widespread distribution of Energi before Masternode payments began, Masternode rewards were delayed until day 150. This was to allow the airdrop campaign to be completed and ensure a large amount of NRG is spread out through the community. Until that point, Masternode rewards were redirected to the Treasury. Thus for the first 5 months, the Treasury gained approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign was designed to release ~4 million Energi to the community.

4. How to Get Started

  • Energi Official Website
https://www.energi.world/

  • Social Media
Bitcointalk: https://bitcointalk.org/index.php?topic=4912743
Discord: https://discordapp.com/invite/sCtgNC3
Facebook: https://www.facebook.com/energicrypto/
Github: https://github.com/energicryptocurrency
LinkedIn: https://www.linkedin.com/company/energi-core/
Medium: https://medium.com/energi
Publish 0x: https://www.publish0x.com/@energi
Reddit: https://www.reddit.com/energicryptocurrency/
Steemit: https://steemit.com/@energi
Telegram: https://t.me/energicrypto
Telegram Announcement: https://t.me/energiannouncements
Twitter: https://twitter.com/Energicrypto
YouTube: https://www.youtube.com/channel/UCCABQly0NNR2j_M_iDpy8mA/

  • Exchanges
DigiFinex: https://www.digifinex.com/trade/BTC/NRG
KuCoin - BTC: https://www.kucoin.com/trade/NRG-BTC
KuCoin - ETH: https://www.kucoin.com/trade/NRG-ETH
HitBTC - BTC: https://hitbtc.com/NRG-to-BTC
BitBNs - INR: https://bitbns.com/trade/#/nrg
Mercatox - BTC: https://mercatox.com/exchange/NRG/BTC
Mercatox - TUSD: https://mercatox.com/exchange/NRG/BTC
Bithumb - BTC: https://www.bithumb.pro/en-us/spot/trade?q=NRG-BTC
Bithumb - USDT: https://www.bithumb.pro/en-us/spot/trade?q=NRG-USDT
Citex - BTC: https://trade.citex.co.ktrade/NRG_BTC
Citex - USDT: https://trade.citex.co.ktrade/NRG_USDT
Beaxy - BTC: https://www.beaxy.com/trading-paiNRG-BTC
CoinAll - USDT: https://www.coinall.com/spot/full#product=nrg_usdt
WhiteBit - BTC: https://whitebit.com/trade/NRG_BTC
HitBTC - BTC: https://hitbtc.com/exchange/NRG-to-BTC

  • Energi Block Explorers
Gen 3 Explorer: https://explorer.energi.network/
Gen 3 Calculator: https://nexus.energi.network/reward-calculator
Gen 2 Explorer: https://explorer.gen2.energi.network/

  • Wallet Downloads
Gen 3 - MyEnergiWallet: https://docs.energi.software/en/downloads/myenergiwallet
Gen 3 - Core Node: https://docs.energi.software/en/downloads/core-node

  • Proof-of-Stake Setup Guides
https://docs.energi.software/en/staking-guide

  • Masternode Setup Guide
https://docs.energi.software/en/Masternode-guide

5. FAQs

Gen 3 Wiki: https://docs.energi.software/en/home
General: https://docs.energi.software/en/faq/general
Core Node Sync: https://docs.energi.software/en/core-node-troubleshoot
Keystore: https://docs.energi.software/en/faq/keystore
Masternode: https://docs.energi.software/en/faq/Masternode
Migration: https://docs.energi.software/en/faq/migration
Security: https://docs.energi.software/en/faq/security
Staking: https://docs.energi.software/en/faq/staking
submitted by energicrypto to energicryptocurrency [link] [comments]

⟳ 870 apps added, 78 updated at f-droid.org

Notice: this update is spurious, and the issue is being looked at.
⟳ f-droid.org from Wed, 26 Feb 2020 20:21:50 GMT updated on Sun, 01 Mar 2020 05:23:29 GMT contains 2962 apps.
Added (870)
Updated (78)
2020-03-01T05:53:18Z
submitted by BrainstormBot to FDroidUpdates [link] [comments]

PSA: Guide on how to recover your lost Segwit coins using Electron Cash

How to get your recovered SegWit funds using Electron Cash

Background

Thousands of BCH on thousands of coins that were accidentally send to Segwit 3xxx addresses were recovered by BTC.TOP in block 582705.
This was a wonderful service to the community. This had to be done quickly as the coins were anyone can spend and needed to be sent somewhere. This all had to be done before thieves could get their dirty paws on them.
So.. How were they recovered? Did BTC.TOP just take the coins for themselves? NO: They were not taken by BTC.TOP. This would be wrong (morally), and would open them up to liability and other shenanigans (legally).
Instead --BTC.TOP acted quickly and did the legally responsible thing with minimal liability. They were sent on to the intended destination address of the SegWit transaction (if translated to BCH normal address).
This means BTC.TOP did not steal your coins and/or does not have custody of your funds!
But this does mean you now need to figure out how to get the private key associated with where they were sent -- in order to unlock the funds. (Which will be covered below).
Discussions on why this was the most responsible thing to do and why it was done this way are available upon request. Or you can search this subreddit to get to them.

Ok, so BTC.TOP doesn't have them -- who does?

You do (if they were sent to you)! Or -- the person / address they were sent to does!

HUH?

The Segwit transactions have a bad/crazy/messed-up format which contains an output (destination) which contains a hash of a public key inside. So they "sort of" contain a regular bitcoin address inside of them, with other Segwit garbage around them. This hash was decoded and translated to a regular BCH address, and the funds were sent there.
Again: The funds were forwarded on to a regular BCH address where they are safe. They are now guarded by a private key -- where they were not before (before they were "anyone can spend"). It can be argued this is the only reasonable thing to have done with them (legally and morally) -- continue to send them to their intended destination. This standard, if it's good enough for the US Post Office and Federal Mail, is good enough here. It's better than them being stolen.

Ok, I get it... they are on a regular BCH address now. The address of the destination of the Tx, is it?

Yes. So now a regular BCH private key (rather than anyone can spend) is needed to spend them further. Thus the Segwit destination address you sent them to initially was effectively translated to a BCH regular address. It's as if you posted a parcel with the wrong ZIP code on it -- but the USPS was nice enough to figure that out and send it to where you intended it to go.

Why do it this way and not return to sender?

Because of the ambiguity present-- it's not entirely clear which sender to return them to. There is too much ambiguity there, and would have led to many inputs not being recovered in a proper manner. More discussion on this is available upon request.

Purpose of this guide

This document explains how to:
Complications to watch out for:

Step 1: Checking where your coins went

To verify if this recovery touched one of your lost coins: look for the transaction that spent your coins and open it on bch.btc.com explorer.

Normal aka "P2PKH"

Let’s take this one for example.
Observe the input says:
P2SH 160014d376cf1baff9eeed943d58551d53c48377adb98c 
And the output says:
P2PKH OP_DUP OP_HASH160 d376cf1baff9eeed943d58551d53c48377adb98c OP_EQUALVERIFY OP_CHECKSIG 
Notice a pattern?
The fact that these two highlighted hexadecimal strings are the same means that the funds were forwarded to the identical public key, and can be spent by the private key (corresponding to that public key) if it is imported into a Bitcoin Cash wallet.

Multisig aka "P2SH"

If the input starts with “P2SH 220020…”, as in this example, then your segwit address is a script -- probably a multisignature. While the input says “P2SH 22002019aa2610492ee2c18605597136294596d4f0f9bc6ce0974ed3a975d65da4ca1e”, the output says “P2SH OP_HASH160 21bdc73fb15b3bb7bd1be365e92447dc2a44e662 OP_EQUAL”. These two strings actually correspond to the same script, but they are different in content and length due to segwit’s design. However, you just need to RIPEMD160 hash the first string and compare to the second -- you can check this by entering the input string (after the 220020 part) into this website’s Binary Hash field and checking the resulting RIPEMD160 hash. The resulting hash is 21bdc73fb15b3bb7bd1be365e92447dc2a44e662, which corresponds to the output hex above, and this means the coins were forwarded to the same spending script but in "non-segwit form". You will need to re-assemble the same multi-signature setup and enough private keys on a Bitcoin Cash wallet. (Sorry for the succinct explanation here. Ask in the comments for more details perhaps.)

No match -- what?!

If the string does not match (identically in the Normal case above, or after properly hashing in the Multisig case above), then your coins were sent elsewhere, possibly even taken by an anonymous miner. :'(

Step 2: How To Do the Recovery

Recover "Normal" address transactions (P2PKH above)

This is for recoveries where the input string started with “160014”.
Option 1 (BIP39 seed):
Option 2 (single key):
Option 3 (xprv -- many keys):
Code:
mkey = "yprvAJ48Yvx71CKa6a6P8Sk78nkSF7iqqaRob1FN7Jxsqm3L52K8XmZ7EtEzPzTUWXAaHNfN4DFAuP4cdM38yrE6j3YifV8i954hyD5rhPyUNVP" from electroncash.bitcoin import DecodeBase58Check, EncodeBase58Check EncodeBase58Check(b'\x04\x88\xad\xe4'+DecodeBase58Check(mkey)[4:]) 
Option 4 (hardware wallet):

How to Recover Multisignature wallets (P2WSH-in-P2SH in segwit parlance)

This is for recoveries where the input string started with "220020.
Please read the above instructions for how to import single keys. You will need to do similar but taking care to reproduce the same set of multisignature keys as you had in the BTC wallet. Note that Electron Cash does not support single-key multisignature, so you need to use the BIP39 / xprv approach.
If you don’t observe the correct address in Electron Cash, then check the list of public keys by right clicking on an address, and compare it to the list seen in your BTC wallet. Also ensure that the number of required signers is identical.
submitted by NilacTheGrim to btc [link] [comments]

Welcome to the Official Energi Cryptocurrency Reddit!

Welcome to the Official Energi Cryptocurrency Reddit!

https://preview.redd.it/wgriag3ha9w21.png?width=200&format=png&auto=webp&s=a81a3e58f1413ee833fe2ecac63b3347afd52413

Hello and welcome to the Official Energi Cryptocurrency Reddit!

Below you will find a Table of Contents that will go over what Energi is and the fundamentals of the cryptocurrency.

Table of Contents

  1. What is Energi?
  2. What are the Fundamentals of Energi?
    1. Scalability
    2. Funding
    3. Governance
    4. Inflation
    5. Distribution
    6. Decentralization
    7. Long Term Vision
  3. Coin Specs
  4. How to Get Started
    1. Official Energi Website
    2. Energi Earndrop Campaign
    3. Social Media
    4. Exchanges
    5. Energi Block Explorers
    6. Wallet Downloads
    7. Proof-of-Stake Setup Guides
    8. Masternode Setup Guide
  5. FAQ

1. What is Energi

Energi is a self-funding (non-ICO and No Premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance & Self-funding Treasury to ensure longevity and enable rapid growth.
Energi provides a small allocation to Proof-of-Stake (PoS) rewards and takes a bulk of the coin issuance and give it to its treasury and active masternodes. Energi also allocates 10% on-going reward to the leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

2. What are the Fundamentals of Energi?

  • Scalability
One minute block times and a 2 megabyte block size limit provide Energi with a vast transaction capacity for regular on-chain transactions. This allows for plenty of space on the blockchain for extremely fast transactions with very low fees.
Energi features a powerful on-chain scaling solution with a system of incentivized full nodes called Energi Masternodes. A masternode is a full node backed by 10,000 NRG collateral that provides level 2 scalability to the Energi Cryptocurrency. The Instant Send feature allows for instant transactions, even in times of network congestion. Transactions can be made securely and instantly ahead of the blockchain, as they are approved by a quorum of masternodes. Instant Send payments enjoy the same immutable transaction history as regular transactions, as they are later resolved on-chain as the network is able to.
40% of the inflation of Energi is allocated to masternodes, providing an extremely strong incentive to grow the number of full nodes and scalability of the network.
  • Funding
A key feature of Energi is its powerful treasury system. Energi makes up to 40% of the inflation available to the treasury, to be utilized in a manner that provides maximum benefit.
Treasury allocation is decentralized, allowing for submitted proposals from anyone, to be voted on by masternodes and paid out from the inflation.
Energi has a 14 day treasury cycle, allowing quick payments for proposal authors and contributors, as well as strategic responsiveness to effective proposals. Energi is guided by the principle that every dollar spent from its funding model, should yield more than dollar of value in return. Thanks to a 14 day treasury cycle, the Energi team is able to measure results and respond quickly to changes in strategy.
  • Governance
The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers and stakeholders in Energi, with voting rights on how to best utilize treasury funding.
This governance model reduces risk in the form of allowing participation from everyone who holds 10,000 NRG. In this way, the Energi community can work together on how to best build the strategic direction of Energi.
  • Inflation
Energi Cryptocurrency has a simple rate of inflation at 1 million coins per month with no maximum cap. This ensures consistency in funding allocation, masternode rewards, and PoS rewards, making the economics of the cryptocurrency more understandable for everyone who chooses to participate in Energi.
No coin supply limit ensures that Energi is prepared for the long term, avoiding “bubble” economics caused by dramatic early inflation that in most coins only serves to benefit founders ahead of increased adoption.
  • Distribution
Energi conducted a fair launch on April 14, 2018 with NO ICO and NO PREMINE. Prior to launch, the Energi team gave a specific time and date for the launch of its main net, which its vibrant community eagerly awaited, so that mining could begin fairly, again avoiding centralization among the coin founders (It's important to note that Energi has transitioned to Proof-of-Work consensus to a Proof-of-Stake consensus).
Energi masternode payments were designed to begin at block 216000, which occurred on September 18, 2018, almost 160 days after launch. This ensured time to list Energi on exchanges, and to grow the community, encouraging fair and equitable distribution before the extremely powerful masternode rewards began. It is all too common for masternode coins to feature a premine, which has the effect of centralizing distribution among the founders and early adopters.
Energi has an ongoing Earndrop; a distribution of 4 million coins to users who contribute with social media activities about Energi, such as tweets, follows, and subscriptions on all major social media platforms. So far nearly 1 million coins have been distributed, helping to grow an enthusiastic community and serve to bring coins to the market in a way that is inspired by generosity.
  • Decentralization
Delayed masternode payments have allowed the market time to react to the future of Energi, helping to ensure a decentralized community of masternode holders.
Decentralized governance with masternodes help to ensure everyone is able to participate in Energi and help guide the project to achieve the best results.
  • Long Term Vision
All of the above features seamlessly work together in concert, to ensure that Energi is prepared for the long term. Rather than try to closely find a niche in the market, Energi is prepared to adapt and overcome all challenges for many years to come. Energi’s use case is that of a traditional cryptocurrency, such as Bitcoin. However, Energi’s strategy is to excel by avoiding the pitfalls of previous projects, while further utilizing and improving upon the most powerful ideas in the cryptocurrency space.

3. Coin Specs

Ticker: NRG
Block time: 1 minute.
Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).
Masternode requirements: 10,000 Energi.
Treasury cycle: Every 14 days.
Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”
10% will go to the Energi Backbone.
10% to the PoS participants
40% to Masternodes.
40% to the Treasury.
Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the PoS participants, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.
Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.
In order to allow for widespread distribution of Energi before Masternode payments begin, Masternode rewards will be delayed until day 150, this is to allow the airdrop campaign to be completed and ensure a large amount of Energi is spread out through the community. Until this point, Masternode rewards will be re-directed to the Treasury. Thus for the first 5 months, the Treasury will have approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign is designed to release ~4 million Energi to the community.

4. How to Get Started

  • Energi Official Website
https://www.energi.world/

  • Energi Earndrop Campaign
Energi chose not to premine and not to do an ICO. Instead, we will conduct multiple rounds of Earndrops to disperse rewards for people who engage with our community. In order for us to process your Earndrop info for you in a fast and efficient manner, we ask that you upload quality information. This includes clear non-mirrored pictures, readable text in images, and non-offensive usernames. Failure to upload quality information may lead to you not receiving any Earndrop rewards.
https://earndrop.energi.world/homepage

  • Social Media
Twitter: https://twitter.com/Energicrypto
Discord: https://discordapp.com/invite/sCtgNC3
Telegram: https://t.me/energicrypto
Reddit: https://www.reddit.com/energicryptocurrency/
Facebook: https://www.facebook.com/Energi-Cryptocurrency-195355164580336/
Medium: https://medium.com/energi
Steemit: https://steemit.com/@energi

  • Exchanges
KuCoin: https://www.kucoin.com/trade/NRG-BTC
KuCoin: https://www.kucoin.com/trade/NRG-ETH
CoinAll: https://www.coinall.com/spot/full#product=nrg_usdt
DigiFinex: https://www.digifinex.com/trade/BTC/NRG
Bitladon: https://www.bitladon.com/energi
BitBNs: https://bitbns.com/trade/#/nrg
Beaxy: https://www.beaxy.com/trading-paiNRG-BTC
Mercatox: https://mercatox.com/exchange/NRG/BTC
Mercatox: https://mercatox.com/exchange/NRG/BTC
Citex: https://trade.citex.co.ktrade/NRG_BTC
Citex: https://trade.citex.co.ktrade/NRG_USDT

  • Energi Block Explorers
https://explore.energi.network/
https://explorer2.energi.network/#/

  • Wallet Downloads
https://www.energi.world/downloads

  • Proof-of-Stake Setup Guides
Local Staking: https://www.energi.world/staking/
Staking on VPS: https://www.energi.world/staking-on-vps/

  • Masternode Setup Guide
https://www.energi.world/masternode-setup/

5. FAQ

https://www.energi.world/faq/
submitted by energi-rici to energicryptocurrency [link] [comments]

How Zerocoin Works in 5 Minutes

https://medium.com/@turtleflaxpivx/how-zerocoin-works-in-5-minutes-a88d0144fff0
Zerocoin works a bit differently than other crypto privacy protocols, so let’s break it down. This article is written from a PIVX perspective, but others like ZCoin, Zoin, and more use the same technology but custom terminology. First, the two types of tokens:
Piv are the normal token on the blockchain. zPIV are the private PIVX token. Most other coins call these zerocoins
Are piv and zPIV different? Yes and no. You can think of zPIV like the private version of a piv. 1 zPIV will always equal 1 piv in value. There is no second blockchain or anything like that.

Step 1 — The Mint

The mint is done before you want to spend your coins privately, as will be explained in step 2. When you mint your coins, you are sending them to an “accumulator” where nobody will ever be able to spend them. In blockchain terms, this is called “burning” coins, but why would you want to burn your coins?
You complete this burn in exchange for an IOU from the network, which is called zPIV. If you burned 10piv, you get 10 zPIV. The IOU means the network allows you to redeem your 10 zPIV later in step 3 for 10 fresh piv. This is what a mint looks like on the block explorer.

Step 2 — Time Passes

In the Zerocoin protocol there is an enforced gap in time between the mint and the spend. If the mint and spend happened at the same time, you would only be mixing your coins with anyone else currently mixing (perhaps nobody). The gap in minting and spending means your coins are mixed with all other coins that have ever been minted to that denomination

Step 3 — The Spend

At some point in the future, you probably want to spend your private coins. You can now spend some of your zPIV to any address just like you would spend normal piv, and they will appear in the destination address as newly generated piv with no history or connection to you. This is what a spend looks like on the block explorer.
You may have heard of Zero Knowledge Proofs (ZKP) and this is where that comes in. ZKP basically means demonstrating you know something without revealing what it is. In this case, you are demonstrating that you minted the coins you’re spending without revealing which coins they trace back to.

Recent Improvements to Zerocoin

zPoS
In May 2018, PIVX released zPoS (Zerocoin Proof of Stake) which is the only private staking system in crypto. It incentivizes the use of privacy and helped PIVX attain the highest percentage of private supply of any ZK privacy-based coin. This is what a zPoS reward looks like on the block explorer.
dzPIV
Those zPIV you got in Step 1 are saved in your local wallet.dat, completely off the blockchain, how’s that for privacy? In most Zerocoin systems, this means you need to make new backups of your wallet.dat after every mint, which is a huge hassle and easy to screw up. PIVX is not most Zerocoin implementations. PIVX is the only coin to offer one-time seed backups with a feature called dzPIV (deterministic zPIV)
ezPIV
You encrypted your wallet.dat file like you were supposed to right? You might be surprised to learn most Zerocoin coins do not protect your zPIV with this encryption, so anyone who can get a hold of your wallet.dat file can get your zerocoins even if the wallet.dat is encrypted. PIVX is the only coin to encrypt your zPIV and protect them with it’s ezPIV feature (encrypted zPIV)
Automint
There’s only 3 steps in the process, but PIVX takes care of the first of the first 2 automatically for you. The PIVX automint will automatically mint 10% of your piv to zPIV. This percentage is configurable from 0 to 100, but it’s a nice way to make sure you’ve always got private coins ready to spend
The Smallest Spend Sizes
A drawback to many privacy mechanisms is large transaction sizes, with Zerocoin being the largest at 25kb. Compared to Bitcoin’s ~266 bytes per transactions this is quite large. PIVX launched their Zerocoin protocol with 20% smaller spend sizes, which means less blockchain bloat, lower fees, and shorter sync time. Author of Bulletproof technology Jonathan Bootle has joined the PIVX team and expects to be able to reduce this another 90% to around 1kb
Fractional Spends
It was not previously possible to spend part of a zerocoin, but starting in August 2017, PIVX allows you to spend zPIV and get your change back
Spending to 3rd Parties
The original Zerocoin protocol had you spend your zerocoins back to your own wallet before sending them to the destination. When PIVX launched Zerocoin in August, 2017, it allowed spends directly to any destination address for the first time. ZCoin also has this capability as of June 3rd, 2018
submitted by turtleflax to CryptoTechnology [link] [comments]

Decred Journal — April 2018

This post covers what happened in Decred last month. Let's get down to business and have About section at the end.

Development

Wallet and node software version 1.2.0 has been released. Decrediton wallet highlights: improved startup experience, redesigned overview page, added basic graphs to visualize statistics and an export to CSV (helpful for tax reporting). dcrd node software highlights: significantly faster startup and compact filters to support light clients. See full release notes and downloads here, for Decrediton use 1.2.1 bugfix release.
The release process has been improved. Instead of announcing a release date and trying to meet it, a Release Candidate 1 (RC1) will now be posted. After it has been tested an bugfixed with the help of the community, a second candidate (RC2) will be released. This is repeated until an RC version with no apparent bugs becomes the final release. The new process removes a ton of pressure from developers and users and gives more time for testing. As our primary consumer-facing product, Decrediton, is growing in features and complexity, more testing will be required for new releases.
Politeia is "Getting close to a public beta of voting" (slack). Decred plugin merged, paywall and voting are in the testing stage. Ticket voting works on testnet via CLI.
Trezor support got closer as Decred patch was merged. Please note this is only firmware support, to be usable it also needs wallet integration.
WooCommerce Decred plugin alpha version is ready for testing.
Decred.org received a new sleek exchanges page.
The contributors page has been updated to add 10 new faces. Some of them are new to the project but others have been contributing for a while.
Dev activity stats for April: 152 active PRs, 125 commits, 21,656 added and 10,288 deleted lines spread across 7 repositories done by 2-7 developers per repository. (chart)

Network

Hashrate: April started at 2.0-2.7 PH/s range and seen a general increase with some big fluctuations between lows at 2.2 and new all time high above 5.2 PH/s.
Nodes: there are 200 public listening and 500 normal nodes per dcred.eu as of May 1. 169 nodes already upgraded to version 1.2.0. Some 30 nodes were observed to be testing Release Candidate versions before the final release.
Ticket price 30-day average has seen a steady rise to 87.5 DCR. Stake participation is solid 46.1% with 3.53 million DCR as of May 1.

ASICs

Updates from Obelisk's Taek:
We got results back. They are more or less on line with the simulations I didn't realize this, but we don't get the real chips back for 3 more weeks. The ones we've been testing are hacked together into a DIP package (they are BGA chips) that really screws up the results There's a decent chance that the full bga chips perform better For the time being though, we're pretty much on track for the hashrates estimated on the website (slack, Apr 12)
And regarding the June delivery date:
We're still on track for batch 1. We've ordered most of the parts we'll need, including the chips. We've got working chips, we've got test boards, test units, test everything. We've signed manufacturers to produce everything. Obelisk is going strong. (reddit, Apr 23)
We are thankful for his updates in our #pow-mining channel and hope other ASIC manufacturers will also join.
Fellow Sia miners are discussing the design of Obelisk SC1 case.
Halong: B29 units are shipping. The amount of units in first batch was estimated 450-600 by our community member. Review of DragonMint B29 published, people are discussing shipping and running the miners.
By surprise, Innosilicon announced the sale of D9 DecredMaster ASIC miner with specs identical to Halong B29 while being much cheaper ($6800 Inno vs $10499 Halong). Expected shipping date of the first batch is April 28-30. The company is active on their bitcointalk thread, also see our reddit.
Just 9 days later Innosilicon announced second batch with delivery on May 7-11 and same price of $6800. (reddit)

Integrations

Decred's Brazilian community made good progress with integrations this month.
emiliomann: On April 2nd @Rhama will launch the first BR exchange of altcoins with fiat market and totally within the laws of the Brazilian government. Decred will have the two markets DCBTC and DCBRL. It’s very difficult to fulfill all the legal requirements and get authorization to work with FIAT here.
The exchange turned out to be Profitfy. Profity is innovating by using dcrtime for their blockchain ID login via Original My. Great to see this deeper engagement with the tools that Decred provides, and not a surprise that it comes from @Rhama, who has been a community member since day one.
This seems to have spurred another exchange, Braziliex, to bring forward their launch of DCBRL and DCBTC pairs, coming just 2 hours after Profitfy launched.
Not stopping there,
emiliomann: Hey guys, this is a poll of the biggest Bitcoin exchange in Brazil that is planning to open altcoins markets. Please, help the Brazilian community by voting for Decred! Just one click. Thank you! https://twitter.com/mercadobitcoin/status/981602483268194307
Finally,
viniciusfrias: We're excited to announce PagueCripto.com, a Brazilian crypto-to-fiat payment gateway which accepts Decred among other cryptocurrencies for Brazilians to pay daily bills, such as credit cards, energy, rent, etc, and also to make local bank transfers. Our service is both a web platform and an Android app, and as our community is relevant in Brazil, we are offering a discount coupon (50%) in service fees using DCR until May 14, 2018. Check it out at paguecripto.com and in Google Play Store. (slack)
Moving to other countries, good news from Canada:
michae2xl: Decred is now available on @ezBtcCanada, an exchange with DCCAD trading pair. From Toronto – ezbtc.ca
i2Rav announced i2trading.com, a new trading desk that will be offering DCEUR pair:
Eventually we hope to offer the pair in GBP and YEN as well
changenow.io, a non-custodian exchange for fast conversions, added DCR.
You can see all exchanges known to support Decred in a spreadsheet maintained by snr01. Many of them are missing from coinmarketcap.

Adoption

The Crypto Lawyers, LLP, a crypto exclusive U.S. law firm began accepting Decred (reddit):
RAurelius: I think that a law firm accepting Decred is a worthy distinction from other previously publicized companies that accept Decred for typical consumer products. Legal services are severely lacking in the Crypto-sphere, so the publicity is good for everyone in this arena.
Great to see business owners reaching us directly in chat.
VotoLegal is migrating from Ethereum to Decred blockchain:
emiliomann: VotoLegal, a Brazilian project that uses blockchain technology to allow election campaign funding to be transparent and that all transactions conducted are tracked and made available to the citizens, now uses dcrtime and Decred blockchain. https://twitter.com/decred_bstatus/986610826051276800 (slack)

Partnerships

YBF Ventures and Decred announced partnership in building a blockchain-focused development and business hub in Australia.
With the YBF Ventures partnership, Decred hopes to grow their Australian contractor network and scale their operations throughout the Asia-Pacific region. (btcmanager.com)
We specifically chose Decred for a more robust corporate partnership, and it is the first time that a decentralised autonomous organisation is partnering with a ‘traditional’ organisation in such a capacity. (ybfventures.com)

Marketing

Dustorf joined on the marketing front and is conducting a brand discovery analysis:
Decred is soliciting the input of our user community. In order to better understand you, what you think of Decred, and where you would like it to focus its efforts, we've come up with a short (4 minute) survey. Your input of all varieties is most appreciated https://www.surveymonkey.com/2LHK3FV
April targeted advertising report released (previous March report here). Reach @timhebel for full version.
The iconic "Not Overly Scammy" t-shirt by cryptograffiti is available for purchase. For those wondering, the meme originates from @fluffypony.
Some hilarious promos by @jackliv3r: one two three.

Events

Community event at YBF Ventures in Australia.
Meetup in Wroclaw, Poland.
BBQ with @scalarcapital team in Austin, USA.
Blockchain Expo in London, UK. Decred was well represented at this large-scale industry event. Project Lead Jake took part in several interview and the Decred stand manned by community members was flooded with inquisitive visitors. (video, photo 1 2 3)
First Decred meetup in Hangzhou, China. (slack)
Business of Blockchain at MIT Media Lab in Cambridge, USA. Presentation: Blockchain Sovereignty and Blockchain Integration for Businesses by Jake Yocom-Piatt. (event, reddit, photo 1 2 3)
Cambridge Blockchain Meetup in Cambridge, USA. Talk: Cutting the Head off the Snake by Jake Yocom-Piatt. (event, photo 1 2 3)
Upcoming events:

Media

Second episode of Lightning Network educational series is out, exploring topics such as payment channels, onion routing, centralization risk, and challenges that still lie ahead. (youtube)
A user’s perspective and introduction to blockchain governance (Richard Red)
The Importance of Governance: Analyzing the Aftermath of the Monero Hard Fork by Noah Pierau (btcmanager.com)
The Crypto Show w/ Marco from Decred (youtube)
Interview with Jake at @Blockchain_Expo by Crypto Coin Growth (youtube)
Interview with Jake at @Blockchain_Expo by Cryptocurrency Academy (youtube)
Alternative Blockchain Governance Systems With Jake & Kyle From Decred at @Blockchain_Expo by Crypto Disrupt (youtube)
Decred Looks Ahead: An Interview with Project Lead Jake Yocom-Piatt (Exclusive) (sludgefeed.com)
How Complex Bitcoin Politics Led to the Creation of Decred (btcmanager.com)
Interview with Decred’s Project Lead Jake Yocom-Piatt on Crypto Ad Bans and Market Volatility (cryptoslate.com)
Decred’s Jonathan Zeppettini: The Industry Is Going To Be Displacing Wall Street (blocktribune.com)
On Chain VS. Off Chain Governance: The Ins And Outs (coinjournal.net)
Decred: On true decentralisation, Bitcoin communities, and avoiding the ICO route [Video] (blockchaintechnology-news.com)
Marco in shitcoin talk episode 54 (youtube)

Community Discussions

Reddit highlights: A debate on Decred protocol security and attack cost, a comparison of expected and actual block production times, a write-up on distribution of powers and how Monero could benefit from a PoS governance layer, two other threads on ASIC resistance, and one discussing different types of decentralization.
Very thoughtful discussion on whether it is appropriate to use half naked photos in marketing, followed by meta-discussion how to handle very polarizing issues and unwanted contributions to the marketing efforts of a decentralized project. (slack, continued)
A new #governance channel was created to discuss governance in Decred and other projects.
politeia subreddit was recovered for Decred community. Thanks to Tivra for filing the request. Politeia can bring a lot of value outside Decred so it well deserves its own sub.
A new Slack invite page has been setup and onboarded 40 people in 48 hours.
Decred StackExchange site proposal was closed due to inactivity in a 7 day period, according to Area 51 rules.

Markets

In April Decred showed a confident recovery after previous months. DCUSD moved from below $40 to nearly $90 and the more liquid DCBTC from 0.0058 to 0.0093.
OOOBTC showed unexpectedly huge DCR trading volume of $19 m on April 10 (reddit), it went back to normal 2 weeks later.
On April 25 a wild rush took the price from 0.00777 to 0.0177 BTC in under 30 minutes on Poloniex, setting a new USD all time high of ~$165 ($141 world average). Prices on other exchanges followed to a lesser degree. Possible causes were discussed on reddit. Talking about all time highs, an indicator tracking difference between ATH and current price shows Decred is competitive at retaining USD value.

Relevant External

Bittrex finally opened registrations again.
ASIC debates are raging after Bitmain stealth-launched ASICs for Sia, Monero and Ethereum. Most opinions reflect on whether and how to resist ASICs, but some are recognizing the Decred way, like this excellent piece.
The importance of governance is gaining recognition as well. One notable example is Mike Hearn's AMA where it was a hot topic.

About This Issue

This project was motivated by the desire to expose just how much is happening in Decred and save the time for people unable to actively follow our channels. It aims to cover all relevant developments with a short description and links to read further. It shows the depth of the project and the involvement of the community. We also plan to launch a newsletter and consider a shorter version if there is such a demand.
This is the first issue and feedback is welcome to discover what is best for our readers. Please join our Slack and write us on #writers_room or comment directly on GitHub. Any help is welcome too.
Credits (Slack names, alphabetical order): bee, jazzah, Richard-Red, snr01 and vj.
submitted by jet_user to decred [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

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submitted by BitcoinChronicler to btc [link] [comments]

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