Cachecoin

Even More Satoshi-era Bitcoin Moves—What's Going on?

Even More Satoshi-era Bitcoin Moves—What's Going on?


Even More Satoshi-era Bitcoin Moves—What's Going on?
Another batch of 50 Bitcoin (BTC)—that has been lying dormant since 2010 and is worth around $570,000 today—was moved today, according to Blockchain.com.
The block explorer’s data shows that these 50 coins were first transferred to the address on November 9, 2010, as a coinbase transaction. This means the Bitcoin was a block reward received by a miner.
The wallet hadn’t received or sent any other transactions—until today. The only exception is 0.00000547 BTC that was sent to the address in late August as part of a spam-like transaction aimed at over 300 different wallets. Most likely, that was a so-called “dusting attack” primarily used by malicious actors to trace BTC movements.
Today, the coins have been transferred to three different addresses: two Bech32 (a SegWit format) and one P2SH, mainly used for multi-signature and non-native SegWit transactions.
The transfers were 30.16, 12.48 and 7.34 BTC, in size. Upon confirmation, the new wallets split the coins into 2–3 additional transactions each and sent them further down the line.
As Decrypt reported, increasingly more coins from the earliest days of Bitcoin are “waking up” lately. Since the start of October, two large caches—50 BTC ($570,000) and 1,000 BTC ($11.4 million)—were moved out of their deep slumber. Prior to that, another batch of 50 BTC was transferred in May.
Yet, not everyone thinks this is a big deal. Referring to today's movement of coins, Ingo Fiedler, co-founder of Blockchain Research Lab, told Decrypt, "Those coins were minted nearly two years after network launch. I would not consider them satoshi-era Bitcoin and do not see any significance in them moving."
It's not as though Satoshi is returning, right?
📷 Telegram TOTBTC: https://t.me/TOTBTCofficial 📷 Register at: https://www.totbtc.com/register
#TOTBTC #BTC #BTCPMOVES #SATOSHI
submitted by TOTBTC-Official to u/TOTBTC-Official [link] [comments]

PLEASE READ THIS IF YOU ARE LOOKING FOR HELP

Hello Community, We’re currently facing a strong increase in requests at the Ledger Support team. You might then experience some extra delay in our response time.
We apologize for the inconvenience caused. We appreciate your patience while our team is doing its best to address all the requests.
Following, you can find a short list of some FAQs that might help you find a solution to the issue you are having.
IMPORTANT: In any case, always make sure you are using the latest firmware version. To check the firmware version: Settings>Firmware Version>Secure Element. If you are not on the latest version 1.6.0, uninstall of your coin applications before proceeding to the firmware update. For apps related issues, check you have the latest app version. Open the app in your device and check its version against the one in the Manager on Ledger Live. To view all our article please visit the Help Center. 

FAQ SHORT LIST

1. Stuck in a loop “unlock and connect your device” “open the coin app on your device”.
This is usually due to:
- an outdated firmware version (LNS):
- an outdated coin app version. Uninstall and reinstall the app to get its latest version:
- a connection issue: (make sure to test with another USB cable since it does fix some connection issues)
- if none of the points above are fixing your issue, you can then enable the Experimental USB mode.
2. Sending and Receiving coins/tokens issues


  1. I am trying to update the firmware but I am stuck on Bootloadeother issues
This is most likely a connection issue. Please read this article to try to solve the problem. If that didn't help, please read this article about the issues due to the firmware update..
Clear the cache (Settings>Help>Clear cache). Make sure you are using the latest firmware version (1.6.0), the latest app version for your coin and the latest version of Ledger Live (1.20.0).
4. My device has been reset but I see an invalid recovery phrase message when I restore my device
Make sure the correct recovery phrase length is selected. Always enter all words of a recovery phrase (12, 18, or 24 words). Verify that the order of the words entered on the device matches the order written on your Recovery sheet. Check that all the words of your recovery phrase are on the BIP39 word list.

Temporary issues

If you can not find your answer on this page, make sure to visit our support page here (really, give it a try, there is a decent chance you will find an answer to your question).
When you open a ticket, please make sure to include the following information:
submitted by nina_crypto to ledgerwallet [link] [comments]

Filecoin | Development Status and Mining Progress

Author: Gamals Ahmed, CoinEx Business Ambassador
https://preview.redd.it/5bqakdqgl3g51.jpg?width=865&format=pjpg&auto=webp&s=b709794863977eb6554e3919b9e00ca750e3e704
A decentralized storage network that transforms cloud storage into an account market. Miners obtain the integrity of the original protocol by providing data storage and / or retrieval. On the contrary, customers pay miners to store or distribute data and retrieve it.
Filecoin announced, that there will be more delays before its main network is officially launched.
Filecoin developers postponed the release date of their main network to late July to late August 2020.
As mentioned in a recent announcement, the Filecoin team said that the initiative completed the first round of the internal protocol security audit. Platform developers claim that the results of the review showed that they need to make several changes to the protocol’s code base before performing the second stage of the software testing process.
Created by Protocol Labs, Filecoin was developed using File System (IPFS), which is a peer-to-peer data storage network. Filecoin will allow users to trade storage space in an open and decentralized market.
Filecoin developers implemented one of the largest cryptocurrency sales in 2017. They have privately obtained over $ 200 million from professional or accredited investors, including many institutional investors.
The main network was slated to launch last month, but in February 2020, the Philly Queen development team delayed the release of the main network between July 15 and July 17, 2020.
They claimed that the outbreak of the Coronavirus (COVID-19) in China was the main cause of the delay. The developers now say that they need more time to solve the problems found during a recent codecase audit.
The Filecoin team noted the following:
“We have drafted a number of protocol changes to ensure that building our major network launch is safe and economically sound.” The project developers will add them to two different implementations of Filecoin (Lotus and go-filecoin) in the coming weeks.
Filecoin developers conducted a survey to allow platform community members to cast their votes on three different launch dates for Testnet Phase 2 and mainnet.
The team reported that the community gave their votes. Based on the vote results, the Filecoin team announced a “conservative” estimate that the second phase of the network test should begin by May 11, 2020. The main Filecoin network may be launched sometime between July 20 and August 21, 2020.
The updates to the project can be found on the Filecoin Road Map.
Filecoin developers stated:
“This option will make us get the most important protocol changes first, and then implement the rest as protocol updates during testnet.” Filecoin is back down from the final test stage.
Another filecoin decentralized storage network provider launched its catalytic test network, the final stage of the storage network test that supports the blockchain.
In a blog post on her website, Filecoin said she will postpone the last test round until August. The company also announced a calibration period from July 20 to August 3 to allow miners to test their mining settings and get an idea of how competition conditions affected their rewards.
Filecoin had announced earlier last month that the catalytic testnet test would precede its flagship launch. The delay in the final test also means that the company has returned the main launch window between August 31 and September 21.
Despite the lack of clear incentives for miners and multiple delays, Filecoin has succeeded in attracting huge interest, especially in China. Investors remained highly speculating on the network’s mining hardware and its premium price.
Mining in Filecoin
In most blockchain protocols, “miners” are network participants who do the work necessary to promote and maintain the blockchain. To provide these services, miners are compensated in the original cryptocurrency.
Mining in Filecoin works completely differently — instead of contributing to computational power, miners contribute storage capacity to use for dealing with customers looking to store data.
Filecoin will contain several types of miners:
Storage miners responsible for storing files and data on the network. Miners retrieval, responsible for providing quick tubes for file recovery. Miners repair to be carried out.
Storage miners are the heart of the network. They earn Filecoin by storing data for clients, and computerizing cipher directories to check storage over time. The probability of earning the reward reward and transaction fees is proportional to the amount of storage that the Miner contributes to the Filecoin network, not the hash power.
Retriever miners are the veins of the network. They earn Filecoin by winning bids and mining fees for a specific file, which is determined by the market value of the said file size. Miners bandwidth and recovery / initial transaction response time will determine its ability to close recovery deals on the network.
The maximum bandwidth of the recovery miners will determine the total amount of deals that it can enter into.
In the current implementation, the focus is mostly on storage miners, who sell storage capacity for FIL.

Hardware recommendations

The current system specifications recommended for running the miner are:
Compared to the hardware requirements for running a validity checker, these standards are much higher — although they definitely deserve it. Since these will not increase in the presumed future, the money spent on Filecoin mining hardware will provide users with many years of reliable service, and they pay themselves many times. Think of investing as a small business for cloud storage. To launch a model on the current data hosting model, it will cost millions of dollars in infrastructure and logistics to get started. With Filecoin, you can do the same for a few thousand dollars.
Proceed to mining
Deals are the primary function of the Filecoin network, and it represents an agreement between a client and miners for a “storage” contract.
Once the customer decides to have a miner to store based on the available capacity, duration and price required, he secures sufficient funds in a linked portfolio to cover the total cost of the deal. The deal is then published once the mine accepts the storage agreement. By default, all Filecoin miners are set to automatically accept any deal that meets their criteria, although this can be disabled for miners who prefer to organize their deals manually.
After the deal is published, the customer prepares the data for storage and then transfers it to the miner. Upon receiving all the data, the miner fills in the data in a sector, closes it, and begins to provide proofs to the chain. Once the first confirmation is obtained, the customer can make sure the data is stored correctly, and the deal has officially started.
Throughout the deal, the miner provides continuous proofs to the chain. Clients gradually pay with money they previously closed. If there is missing or late evidence, the miner is punished. More information about this can be found in the Runtime, Cut and Penalties section of this page.
At Filecoin, miners earn two different types of rewards for their efforts: storage fees and reward prevention.
Storage fees are the fees that customers pay regularly after reaching a deal, in exchange for storing data. This fee is automatically deposited into the withdrawal portfolio associated with miners while they continue to perform their duties over time, and is locked for a short period upon receipt.
Block rewards are large sums given to miners calculated on a new block. Unlike storage fees, these rewards do not come from a linked customer; Instead, the new FIL “prints” the network as an inflationary and incentive measure for miners to develop the chain. All active miners on the network have a chance to get a block bonus, their chance to be directly proportional to the amount of storage space that is currently being contributed to the network.
Duration of operation, cutting and penalties
“Slashing” is a feature found in most blockchain protocols, and is used to punish miners who fail to provide reliable uptime or act maliciously against the network.
In Filecoin, miners are susceptible to two different types of cut: storage error cut, unanimously reduce error.
Storage Error Reduction is a term used to include a wider range of penalties, including error fees, sector penalties, and termination fees. Miners must pay these penalties if they fail to provide reliability of the sector or decide to leave the network voluntarily.
An error fee is a penalty that a miner incurs for each non-working day. Sector punishment: A penalty incurred by a miner of a disrupted sector for which no error was reported before the WindowPoSt inspection.
The sector will pay an error fee after the penalty of the sector once the error is discovered.
Termination Fee: A penalty that a miner incurs when a sector is voluntary or involuntarily terminated and removed from the network.
Cutting consensus error is the penalty that a miner incurs for committing consensus errors. This punishment applies to miners who have acted maliciously against the network consensus function.
Filecoin miners
Eight of the top 10 Felticoin miners are Chinese investors or companies, according to the blockchain explorer, while more companies are selling cloud mining contracts and distributed file sharing system hardware. CoinDesk’s Wolfe Chao wrote: “China’s craze for Filecoin may have been largely related to the long-standing popularity of crypto mining in the country overall, which is home to about 65% of the computing power on Bitcoin at discretion.”
With Filecoin approaching the launch of the mainnet blocknet — after several delays since the $ 200 million increase in 2017 — Chinese investors are once again speculating strongly about network mining devices and their premium prices.
Since Protocol Labs, the company behind Filecoin, released its “Test Incentives” program on June 9 that was scheduled to start in a week’s time, more than a dozen Chinese companies have started selling cloud mining contracts and hardware — despite important details such as economics Mining incentives on the main network are still endless.
Sales volumes to date for each of these companies can range from half a million to tens of millions of dollars, according to self-reported data on these platforms that CoinDesk has watched and interviews with several mining hardware manufacturers.
Filecoin’s goal is to build a distributed storage network with token rewards to spur storage hosting as a way to drive wider adoption. Protocol Labs launched a test network in December 2019. But the tokens mined in the testing environment so far are not representative of the true silicon coin that can be traded when the main network is turned on. Moreover, the mining incentive economics on testnet do not represent how final block rewards will be available on the main network.
However, data from Blockecoin’s blocknetin testnet explorers show that eight out of 10 miners with the most effective mining force on testnet are currently Chinese miners.
These eight miners have about 15 petabytes (PB) of effective storage mining power, accounting for more than 85% of the total test of 17.9 petable. For the context, 1 petabyte of hard disk storage = 1000 terabytes (terabytes) = 1 million gigabytes (GB).
Filecoin craze in China may be closely related to the long-standing popularity of crypt mining in the country overall, which is home to about 65% of the computing power on Bitcoin by estimation. In addition, there has been a lot of hype in China about foreign exchange mining since 2018, as companies promote all types of devices when the network is still in development.
“Encryption mining has always been popular in China,” said Andy Tien, co-founder of 1475, one of several mining hardware manufacturers in Philquin supported by prominent Chinese video indicators such as Fenbushi and Hashkey Capital.
“Even though the Velikoyen mining process is more technologically sophisticated, the idea of mining using hard drives instead of specialized machines like Bitcoin ASIC may be a lot easier for retailers to understand,” he said.
Meanwhile, according to Feixiaohao, a Chinese service comparable to CoinMarketCap, nearly 50 Chinese crypto exchanges are often somewhat unknown with some of the more well-known exchanges including Gate.io and Biki — have listed trading pairs for Filecoin currency contracts for USDT.
In bitcoin mining, at the current difficulty level, one segment per second (TH / s) fragmentation rate is expected to generate around 0.000008 BTC within 24 hours. The higher the number of TH / s, the greater the number of bitcoins it should be able to produce proportionately. But in Filecoin, the efficient mining force of miners depends on the amount of data stamped on the hard drive, not the total size of the hard drive.
To close data in the hard drive, the Filecoin miner still needs processing power, i.e. CPU or GPU as well as RAM. More powerful processors with improved software can confine data to the hard drive more quickly, so miners can combine more efficient mining energy faster on a given day.
As of this stage, there appears to be no transparent way at the network level for retail investors to see how much of the purchased hard disk drive was purchased which actually represents an effective mining force.
The U.S.-based Labs Protocol was behind Filecoin’s initial coin offer for 2017, which raised an astonishing $ 200 million.
This was in addition to a $ 50 million increase in private investment supported by notable venture capital projects including Sequoia, Anderson Horowitz and Union Square Ventures. CoinDk’s parent company, CoinDk, has also invested in Protocol Labs.
After rounds of delay, Protocol Protocols said in September 2019 that a testnet launch would be available around December 2019 and the main network would be rolled out in the first quarter of 2020.
The test started as promised, but the main network has been delayed again and is now expected to launch in August 2020. What is Filecoin mining process?
Filecoin mainly consists of three parts: the storage market (the chain), the blockecin Filecoin, and the search market (under the chain). Storage and research market in series and series respectively for security and efficiency. For users, the storage frequency is relatively low, and the security requirements are relatively high, so the storage process is placed on the chain. The retrieval frequency is much higher than the storage frequency when there is a certain amount of data. Given the performance problem in processing data on the chain, the retrieval process under the chain is performed. In order to solve the security issue of payment in the retrieval process, Filecoin adopts the micro-payment strategy. In simple terms, the process is to split the document into several copies, and every time the user gets a portion of the data, the corresponding fee is paid. Types of mines corresponding to Filecoin’s two major markets are miners and warehousers, among whom miners are primarily responsible for storing data and block packages, while miners are primarily responsible for data query. After the stable operation of the major Filecoin network in the future, the mining operator will be introduced, who is the main responsible for data maintenance.
In the initial release of Filecoin, the request matching mechanism was not implemented in the storage market and retrieval market, but the takeover mechanism was adopted. The three main parts of Filecoin correspond to three processes, namely the stored procedure, retrieval process, packaging and reward process. The following figure shows the simplified process and the income of the miners:
The Filecoin mining process is much more complicated, and the important factor in determining the previous mining profit is efficient storage. Effective storage is a key feature that distinguishes Filecoin from other decentralized storage projects. In Filecoin’s EC consensus, effective storage is similar to interest in PoS, which determines the likelihood that a miner will get the right to fill, that is, the proportion of miners effectively stored in the entire network is proportional to final mining revenue.
It is also possible to obtain higher effective storage under the same hardware conditions by improving the mining algorithm. However, the current increase in the number of benefits that can be achieved by improving the algorithm is still unknown.
It seeks to promote mining using Filecoin Discover
Filecoin announced Filecoin Discover — a step to encourage miners to join the Filecoin network. According to the company, Filecoin Discover is “an ever-growing catalog of numerous petabytes of public data covering literature, science, art, and history.” Miners interested in sharing can choose which data sets they want to store, and receive that data on a drive at a cost. In exchange for storing this verified data, miners will earn additional Filecoin above the regular block rewards for storing data. Includes the current catalog of open source data sets; ENCODE, 1000 Genomes, Project Gutenberg, Berkley Self-driving data, more projects, and datasets are added every day.
Ian Darrow, Head of Operations at Filecoin, commented on the announcement:
“Over 2.5 quintillion bytes of data are created every day. This data includes 294 billion emails, 500 million tweets and 64 billion messages on social media. But it is also climatology reports, disease tracking maps, connected vehicle coordinates and much more. It is extremely important that we maintain data that will serve as the backbone for future research and discovery”.
Miners who choose to participate in Filecoin Discover may receive hard drives pre-loaded with verified data, as well as setup and maintenance instructions, depending on the company. The Filecoin team will also host the Slack (fil-Discover-support) channel where miners can learn more.
Filecoin got its fair share of obstacles along the way. Last month Filecoin announced a further delay before its main network was officially launched — after years of raising funds.
In late July QEBR (OTC: QEBR) announced that it had ceded ownership of two subsidiaries in order to focus all of the company’s resources on building blockchain-based mining operations.
The QEBR technology team previously announced that it has proven its system as a Filecoin node valid with CPU, GPU, bandwidth and storage compatibility that meets all IPFS guidelines. The QEBR test system is connected to the main Filecoin blockchain and the already mined filecoin coin has already been tested.
“The disclosure of Sheen Boom and Jihye will allow our team to focus only on the upcoming global launch of Filecoin. QEBR branch, Shenzhen DZD Digital Technology Ltd. (“ DZD “), has a strong background in blockchain development, extraction Data, data acquisition, data processing, data technology research. We strongly believe Filecoin has the potential to be a leading blockchain-based cryptocurrency and will make every effort to make QEBR an important player when Mainecoin mainnet will be launched soon”.
IPFS and Filecoin
Filecoin and IPFS are complementary protocols for storing and sharing data in a decentralized network. While users are not required to use Filecoin and IPFS together, the two combined are working to resolve major failures in the current web infrastructure.
IPFS
It is an open source protocol that allows users to store and transmit verifiable data with each other. IPFS users insist on data on the network by installing it on their own device, to a third-party cloud service (known as Pinning Services), or through community-oriented systems where a group of individual IPFS users share resources to ensure the content stays live.
The lack of an integrated catalytic mechanism is the challenge Filecoin hopes to solve by allowing users to catalyze long-term distributed storage at competitive prices through the storage contract market, while maintaining the efficiency and flexibility that the IPFS network provides.
Using IPFS
In IPFS, the data is hosted by the required data installation nodes. For data to persist while the user node is offline, users must either rely on their other peers to install their data voluntarily or use a central install service to store data.
Peer-to-peer reliance caching data may be a good thing as one or multiple organizations share common files on an internal network, or where strong social contracts can be used to ensure continued hosting and preservation of content in the long run. Most users in an IPFS network use an installation service.
Using Filecoin
The last option is to install your data in a decentralized storage market, such as Filecoin. In Filecoin’s structure, customers make regular small payments to store data when a certain availability, while miners earn those payments by constantly checking the integrity of this data, storing it, and ensuring its quick recovery. This allows users to motivate Filecoin miners to ensure that their content will be live when it is needed, a distinct advantage of relying only on other network users as required using IPFS alone.
Filecoin, powered by IPFS
It is important to know that Filecoin is built on top of IPFS. Filecoin aims to be a very integrated and seamless storage market that takes advantage of the basic functions provided by IPFS, they are connected to each other, but can be implemented completely independently of each other. Users do not need to interact with Filecoin in order to use IPFS.
Some advantages of sharing Filecoin with IPFS:
Of all the decentralized storage projects, Filecoin is undoubtedly the most interested, and IPFS has been running stably for two years, fully demonstrating the strength of its core protocol.
Filecoin’s ability to obtain market share from traditional central storage depends on end-user experience and storage price. Currently, most Filecoin nodes are posted in the IDC room. Actual deployment and operation costs are not reduced compared to traditional central cloud storage, and the storage process is more complicated.
PoRep and PoSt, which has a large number of proofs of unknown operation, are required to cause the actual storage cost to be so, in the early days of the release of Filecoin. The actual cost of storing data may be higher than the cost of central cloud storage, but the initial storage node may reduce the storage price in order to obtain block rewards, which may result in the actual storage price lower than traditional central cloud storage.
In the long term, Filecoin still needs to take full advantage of its P2P storage, convert storage devices from specialization to civil use, and improve its algorithms to reduce storage costs without affecting user experience. The storage problem is an important problem to be solved in the blockchain field, so a large number of storage projects were presented at the 19th Web3 Summit. IPFS is an important part of Web3 visibility. Its development will affect the development of Web3 to some extent. Likewise, Web3 development somewhat determines the future of IPFS. Filecoin is an IPFS-based storage class project initiated by IPFS. There is no doubt that he is highly expected.
Resources :
  1. https://www.coindesk.com/filecoin-pushes-back-final-testing-phase-announces-calibration-period-for-miners
  2. https://docs.filecoin.io/mine/#types-of-miners https://www.nasdaq.com/articles/inside-the-craze-for-filecoin-crypto-mining-in-china-2020-07-12؟amp
  3. https://www.prnewswire.com/news-releases/qebr-streamlines-holdings-to-concentrate-on-filecoin-development-and-mining-301098731.html
  4. https://www.crowdfundinsider.com/2020/05/161200-filecoin-seeks-to-boost-mining-with-filecoin-discove
  5. https://zephyrnet.com/filecoin-seeks-to-boost-mining-with-filecoin-discove
  6. https://docs.filecoin.io/introduction/ipfs-and-filecoin/#filecoin-powered-by-ipfs
submitted by CoinEx_Institution to filecoin [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]

Monero Deep Dive: The Cryptocurrency To Use If You Want True Anonymity, Far More Anonymous Than Bitcoin

http://www.cypherpunklabs.com/monero-deep-dive-the-cryptocurrency-to-use-if-you-want-true-anonymity-far-more-anonymous-than-bitcoin/
In the early days of cryptocurrency Bitcoin was considered the best payment method for those who wished to stay anonymous. At the time this was true, since Bitcoin required no personal identification information while fiat payment methods like banks and PayPal required a full suite of personal identification information. However, all Bitcoin transactions in history are stored on a publicly accessible block explorer, and with the rise of blockchain forensics it is now possible to figure out who owns a Bitcoin address and what they have been doing with their Bitcoin. Although it is possible to increase Bitcoin’s anonymity by using Tor, VPNs, and CoinJoin, as will be discussed in future Cypherpunk Labs articles, Bitcoin can only be considered pseudo-anonymous rather than fully anonymous.
Nicolas van Saberhagen recognized that Bitcoin lacked full anonymity, in addition to the fact that it is a slow and difficult process to change Bitcoin’s code. Saberhagen proposed to create a new cryptocurrency that was far more anonymous, in addition to correcting some other apparent deficiencies in Bitcoin, and wrote up these ideas in the CryptoNote White Paper.
The first cryptocurrency to utilize the ideas in the CryptoNote White Paper was Bytecoin (BCN), which is a lesser known but still functional stealth cryptocurrency. Bitcointalk user thankful_for_today modified the code from Bytecoin and created BitMonero), but there was community criticism since not everything in the CryptoNote White Paper was adopted. This caused thankful_for_today to apparently abandon the project, but a group of users led by Johny Mnemonic quickly took over and renamed the cryptocurrency Monero (XMR).
One of the most critical pieces of stealth technology that Monero uses is ring signatures. With Bitcoin a transaction is signed with a user’s private key and can be verified with the public key. With a ring signature a transaction is signed by your key as well as the public keys from several other outputs on the blockchain using a triangular distribution method. Essentially, each Monero transaction is signed by a group of keys, and it is not possible to distinguish which key the transaction originated from. This can be thought of as decentralized and trustless mixing, and ultimately ring signatures hide the destination and origin of a transaction.
Eventually Monero upped the ante and implemented ring signature confidential transactions (RingCT), which uses multi-layered linkable spontaneous anonymous group signatures to hide the amount of a transaction. However, RingCT transactions required a large amount of data in order to ensure that the sum of inputs and outputs equaled zero, and bulletproofs were implemented to solve this problem. More about bulletproofs can be read in this paper. Essentially, bulletproofs helped reduce transaction size, lowering transaction fees on the Monero network, and also made it cheaper to create transactions with higher degrees of complexity.
Another critical piece of technology that makes Monero anonymous is stealth addresses. The sender creates a random one-time address for every transaction on behalf of the recipient. This allows a recipient to have just one published address but all of their incoming transactions go to different addresses on the blockchain. Thanks to stealth addresses, only the sender and receiver can determine where a payment was sent, while an outside observer cannot figure that out.
A Monero user can see incoming transactions with their view key, and anyone without the view key cannot see the incoming transactions to any particular address. This view key can be shared, so Monero can be considered optionally transparent, but the default is stealth.
When a Monero user decides to spend their coins, the Monero in a stealth address is broken down into its components and combined with other equivalent components via ring signatures. For example, if 42.42 Monero is sent, then the coins are split into 40 + 2 + 0.4 + 0.02 and combined with other 40’s, 2’s, 0.4’s, and 0.02’s somewhere else in the blockchain. This renders outputs fundamentally indistinguishable, and Unlike Bitcoin’s CoinJoin, no participation from anyone else is needed since already present outputs are being mixed.
Further, Monero tried to increase decentralization of its network by being incompatible with application specific integrated circuits (ASICs) via the CryptoNight protocol. This was originally accomplished by requiring a MB of internal memory, which was unacceptable to ASICs at the time. Also, Monero fit into the L3 cache of modern CPUs, while simultaneously being slower on GPUs, hindering the efficiency of GPU mining firms. That being said, it seems if a cryptocurrency is valuable enough then an ASIC is eventually created for it, and the Monero developers have been in a long term battle where they have to periodically change their mining protocol in order to prevent ASICs from overtaking the network. Monero is expected to release their new mining algorithm, RandomX, in October in order to stomp out the ASICs once again.
It seems the Monero developers are succeeding in their fight against ASIC centralization, and generally Monero is the most profitable cryptocurrency to mine on a personal computer while it is not that profitable with ASICs. This is important because it allows regular joes to mine Monero on their personal computer, decentralizing the network hash rate, as opposed to Bitcoin which is practically impossible to mine on a personal computer and most of the hash rate is in the hands of big mining farms.
Also, Monero uses dynamic block sizes, ensuring low transaction fees and fast confirmation times, as opposed to Bitcoin which often has a clogged mempool which can lead to long waits for confirmations and high transaction fees.
Additionally, Monero technically has an infinite supply since the minimum block reward is 0.6 XMR, and this will be reached in 2040. This ensures that miners will always have an incentive to secure the network long term, even if transaction fees are kept as low as possible. Compare this to Bitcoin where block rewards will approach zero, which may wreck the mining community if transaction fees are not high enough.
Thus, Monero’s ring signatures, RingCT, bulletproofs, and stealth addresses combine to obfuscate the sender, receiver, and amount of the transaction, and transactions are split into chunks that are indistinguishable from other transactions. This provides far more privacy than Bitcoin, since Bitcoin transactions are easily traced on a block explorer. It is clear that Monero is an excellent choice for those that want true anonymity when using cryptocurrency. That being said, it is important to use encrypted messaging as well when organizing a Monero transaction, since anonymity can be compromised if a message regarding a Monero transaction is intercepted.
submitted by turtlecane to Monero [link] [comments]

WaykiChain(WICC) Monthly Report — — May

WaykiChain(WICC) Monthly Report — — May
https://preview.redd.it/qfmpn91s25231.jpg?width=620&format=pjpg&auto=webp&s=7cb127881c6630a895d51fc0bcf68bc2013f764b

Technology & Product Development

Stable Coin

· Completed the basic functions of the equity token pledge transaction and the feeding transaction to check the transaction sender’s transaction authority (100%);
· Increased the creation of a mortgage debt (CDP) transaction at the interaction layer (100%);
· Increased CDP redemption transactions at the interactive layer (50%).

Application Development

· Blockchain explorer v2.0.0 is official launched. Based on the original blockchain explorer, functions and interface has been optimized, users can easily query any WaykiChain related information (100%);
· WaykiMax (Explorer plug-in wallet) is successfully live on 360 Explorer Appstore!(100%)
· WaykiTimes v1.3.1: added app horizontal screen and token list functions to strengthen the WaykiChain ecological construction;
· WaykiTimes v2.0.0: optimizing the existing interfaces and features to further enhance user experience. (3%)

T2D2 Development

· Upgrated BaaS service, fixed related bugs, developers can easily publish smart contracts. (100%)
· The developement work of WaykiMix v2.0.0. (60%)
· Set the standard for WRC721. (60%)
· Used GitLab + Ansible to implement explorer front-end automated deployment.
· Use Ansible to implement the deployment of R&D nodes at t1-t11.
· Use Ansible to implement zabbix-agnt deployment.
· Swagger2CaseManager (Interface automation test management platform): optimize the code and debug.

Public Chain Development

· Increase fuel calculation for basic operational instructions for lua virtual machines (100%)
· Refactored transaction rollback module (100%)
· Fixed data error under node chain caused by data cache (100%)
· Public chain construction support, revise the automated test cases according to the newest nodes. (100%)
· Used soft forks to change one coin for eleven tickets to one coin for one ticket. (100%)
· Refactored the code to prevent transaction replay attacks. (100%)
· Refactored the storage logic of voting.(100%)
· Modified the fuel calculation for the contract operation step to be fully compatible with v1.0. (100%)
· Increase fuel calculation for each interface of the contract mylib. (100%)
· Support the free activation for contract transaction account (compatible with RegID). (100%)
· Voting transaction distributes the interests for each block. (100%)
· The parameterized configuration node starts the height of the new feature to easily debug.(100%)
· Organized the fuel calculation documents to adjust to the latest implementation. (100%)
· Refactored the use of temporary caching in the database to optimize code structure. (100%)
· Refactoring the database underlying access interface to optimize code structure. (80%)

Work Plan for This Month

· WaykiTimes v2.0.0 UI design. (80%)
· Refactor the database underlying access interface to optimize code structure.
· Improve the implementation of CDP related transactions.

Community Development

Overseas

· WaykiChain “Global Partner” Program has successfully recruited two overseas partners, they are Trond Hov from Norway and Michael Lukianoff from the United States.They will assist the WaykiChain in branding and resource docking in Europe and North America respectively.
· WaykiChian project updates are constantly paid attention by overseas medias, Cointelegraph reported that WaykiChain to launch the world’s first stable coin at the bottom layer of public chain WUSD; CCN reported the interview of CEO Gordon, unvealing the win-win-win business model of WaykiChain; Forbes column reporter interviewed with CEO Gordon, the content of interview will be published on Forbes in recent days.
· WaykiChain is expanding the Korean market. CTO Richard Chen accepted the interviews from Asia Economic TV blockchain channel of the Korean TV media, ITBC and Block In Press in Seoul, to introduce the core competitiveness and industry contribution of WaykiChain to the Korean people.
· CEO Gordon accepted an interview with the famous Youtuber Ivan on Tech. The interview video was widely watched, and the number of views in the two days was over 12,000.
· WaykiChain constantly interacts with community users: Official Reddit opens CEO AMA (Ask Me Anything) to answer overseas users’ questions about WaykiChain project and industry, answering questions from overseas users about the project and the blockchain industry; official Telegram launched Weekly Traiva Q&A Game; official Twitter launched “Bitcoin Pizza Day” and “Follower Contest”; official Korean Kakao community launched award-winning (Starbucks) event.
· Updated “Crypto Weekly Roundup”.

China

· On May 20th, the third-party game “Wayki Legend” launched by WaykiChain has received a broad attention from industry medias and communities. Since the launch, more than 1,000 players have participated in the game. According to the WaykiChain blockchain explorer, as of June 2, The game has generated 57,307 WICC transaction flow.
· In May, WaykiChain DApp Funding Program has received a total of 26 DApp project proposals from third parties, 80% of which are game-based DApps. WaykiChain will continue to invite high-quality DApps to join the eco-construction program.
· The WaykiChain Joint Atlas Protocol hosted the “Participating in the WaykiChain Questionnaire to Win WICC” event, which ended on May 27th and has 302 participants.
· The first phase of the “Blockchain Preschool” has ended in 5 courses, of which 3 students passed the examination and obtained a diploma.
· WaykiChain was invited by lk.wiki and was given the opportunity to show project as one of the first batch of ‘Blockchain Stars’.
· Produced 4 episode of “WaykiChain Daily News” live broadcast, with 9,987 views and 3,570 likes, and 370 comments.
submitted by Waykichain to WICCProject [link] [comments]

Creating a Headless Staking Node on Ubuntu 18.04

Creating a Headless Staking Node on Ubuntu 18.04
##UPDATE## Step 8 - Option 2, has some bugs in the final build process. i haven't had time to work them out yet!

This guide will take you through building and running a headless x42 Full Node! The OS I am using here is Ubuntu 18.04, this guide picks up from a complete/fresh ubuntu install.
This is meant to setup a staking node and so this guide will run you through building, configuring and setting up staking. It will not cover sending transactions or anything else.
The things we are going to do:
  • Step 1 - Install .net core
  • Step 2 - Download The x42 Node Source & Compile It
  • Step 3 - Setting The x42 Node Up To Run On Boot
  • Step 4 - Setup A New Wallet
  • Step 5 - Configure The x42 Daemon
  • Step 6 - Get Address
  • Step 7 - Check Balance
  • Step 8 - Connect The UI Wallet To A Headless Node
  • Step 8 - [Option 1 - Use Installer] Connect The UI Wallet To A Headless Node
  • Step 8 - [Option 2 - Build/Compile UI Only] Connect The UI Wallet To A Headless Node # BROKEN#

Step 1 - Install .net Core

Here is the reference link:
https://dotnet.microsoft.com/download/linux-package-manageubuntu18-04/sdk-current
Register Microsoft Key’s & Install Their repos:
cd /tmp wget -q https://packages.microsoft.com/config/ubuntu/18.04/packages-microsoft-prod.deb sudo dpkg -i packages-microsoft-prod.deb sudo add-apt-repository universe sudo apt -y install apt-transport-https sudo apt update sudo apt -y install dotnet-sdk-2.2 
Microsoft collect telemetry data by default, if you are part of the “tin foil hat brigade” you can set the following environment variable to turn it off:
echo "DOTNET_CLI_TELEMETRY_OPTOUT=1" >> /etc/environment 
now you should be at a point where .net core is installed on your system… that wasn’t so hard was it! You can check by running the following command:
dotnet--list-sdks 
The output should look like this:
$ dotnet --list-sdks 2.2.103 [/usshare/dotnet/sdk] 

Step 2 - Download & Compile The x42 Node

This part assumes you have GIT installed, if not:
apt -y install git 
Now to pull down the source and compile it!
cd ~/ git clone https://github.com/x42protocol/X42-FullNode.git # “cd” into the source folder cd X42-FullNode/src/ 
Now .net core uses NuGet for package management, before we compile, we need to pull down all of the required packages.. its as simple as running (this will take a couple of minutes) inside of “X42-FullNode/src/”:
dotnet restore 
now we are ready to compile the source, execute (inside of “X42-FullNode/src/”):
dotnet build --configuration Release 
ignore the yellow warnings, this is just the rosyln compiler having a grumble.. if you get red ones then something went wrong! The “--configuration Release” will strip out all debug symbols and slim things down.. only a little, this optional parameter is not mandatory.
Once this is done everything is built/compiled, you can run the daemon directly from the repository, this can be done by going to:
cd ~/X42-FullNode/src/x42.x42D/bin/Release/netcoreapp2.1 dotnet x42.x42D.dll 
this will kick off the node, however if you exit SSH at this time it will kill the process! however I always recommend copying out the binaries to a separate folder. This can be done with the following:
mkdir ~/x42node mv ~/X42-FullNode/src/x42.x42D/bin/Release/netcoreapp2.1/*.* ~/x42node/ 
now we have everything we need to run the node outside the git repository! What we need to do now is run the node and have it create the default x42.conf file.. so
cd ~/x42node dotnet x42.x42D.dll 
feel free to hit “CTRL + C” to exit the application after a couple of seconds, by then the folders/files would have been created at the following path:
~/.x42node/x42/x42Main/ 

Step 3 - Setting The x42 Node Up To Run on Boot

Now we are going to create a service file so our x42 node automatically starts when the system is rebooted.
THINGS TO NOTE ABOUT BELOW.. CHANGE THE ##USER## to the username your currently using as these files are within your home directory!
We need to drop to root for this..
sudo -i cat < /etc/systemd/system/x42node.service [Unit] Description=x42 Node [Service] WorkingDirectory=/home/##USER##/x42node ExecStart=/usbin/dotnet /home/##USER##/x42node/x42.x42D.dll Restart=always # Restart service after 10 seconds if the dotnet service crashes: RestartSec=10 SyslogIdentifier=x42node User=##USER## Environment=ASPNETCORE_ENVIRONMENT=Development [Install] WantedBy=multi-user.target EOF 
To enable the service, run the following (as the root user):
systemctl enable x42node.service 
BOOM.. the node isn’t running yet.. but next time the system restarts it will automatically run!
now lets exit out of root!
exit 
We can now start the node up and begin downloading blocks, by running the following command:
sudo systemctl start x42node.service 
if you want to check its loaded and see some of the output, you can run:
sudo systemctl status x42node.service 
an example of the output:
$ sudo systemctl status x42node.service ● x42node.service - x42 Node Loaded: loaded (/etc/systemd/system/x42node.service; enabled; vendor preset: enabled) Active: active (running) since Thu 2019-01-24 15:47:55 UTC; 14s ago Main PID: 5456 (dotnet) Tasks: 23 (limit: 1112) CGroup: /system.slice/x42node.service └─5456 /usbin/dotnet /home/darthnoodle/x42node/x42.x42D.dll Jan 24 15:48:09 x42staking x42node[5456]: Batch Size: 0 Mb (0 headers) Jan 24 15:48:09 x42staking x42node[5456]: Cache Size: 0/50 MB Jan 24 15:48:09 x42staking x42node[5456]: Jan 24 15:48:09 x42staking x42node[5456]: =======Mempool======= Jan 24 15:48:09 x42staking x42node[5456]: MempoolSize: 0 DynamicSize: 0 kb OrphanSize: 0 Jan 24 15:48:09 x42staking x42node[5456]: Jan 24 15:48:09 x42staking x42node[5456]: info: Stratis.Bitcoin.Connection.ConnectionManagerBehavior[0] Jan 24 15:48:09 x42staking x42node[5456]: Peer '[::ffff:86.184.76.255]:52342' connected (outbound), agent 'x42:1.2.13 (70012)', height 213920 Jan 24 15:48:09 x42staking x42node[5456]: info: Stratis.Bitcoin.Connection.ConnectionManagerBehavior[0] Jan 24 15:48:09 x42staking x42node[5456]: Peer '[::ffff:86.184.76.255]:52342' offline, reason: 'Receiving cancelled.'. All node screen output can be found in the /valog/syslog file. 

Step 4 - Setup a New Wallet

With the Node running, we now need to setup and/or restore a wallet!
Everything will be performed through the API’s, however by default these API’s are listening on localhost (127.0.0.1), if you are connecting in remotely then this would be a problem since you cant hit that IP. The solution, SSH TUNNEL!
Execute the following command on your local system:
ssh -L 42220:localhost:42220 @ 
This binds the local port (on your system) with 127.0.0.1:42220 on the remote system, once you have executed the command you can type the following address in your laptop/desktop’s web browser and be able to access the API’s:
http://127.0.0.1:42220/swaggeindex.html 
It should look something like this:
https://preview.redd.it/9lzeg3vob8d21.jpg?width=482&format=pjpg&auto=webp&s=b5d574998816056140d5d6de7b03c56772a892fe
To Create a new wallet, first we have to generate some mnemonic works (e.g. the seed), you can do that by going to the following API:
/api/Wallet/mnemonic 
Hit the “Try it out” button which then prompts you for 2 fields:
https://preview.redd.it/dvbdllfrb8d21.jpg?width=722&format=pjpg&auto=webp&s=766d14bafba6facbcd56d31c63c0012748e682e5
Enter “English” and I would recommend 24 words as this greatly increases the seed strength! Once that is done you hit execute and then scroll down to see the “Response Body”, this should contain the mnemonic which you are going to use to create the wallet! This looks something like below:
https://preview.redd.it/6p4q0rsub8d21.jpg?width=603&format=pjpg&auto=webp&s=44b9265626467a43ca670b134c4d28187f475c2e
THIS IS VERY IMPORTANT, BACKUP THIS MNEMONIC TO A SAFE SECURE LOCATION THAT IS ENCRYPTED!!!
So now we have our mnemonic, its time to generate the wallet, for this we need to use the API:
/api/Wallet/create
There are a number of parameters which are required in order to create a wallet:
WalletCreationRequest{ mnemonic string password* string passphrase* string name* string } 
It should be noted that the password and mnemonic are is the most important parts of this request where the “password” will encrypt the wallet and Is required to unlock it.
  • Hit the “Try it out” button
  • input the necessary data
  • Insert the mnemonic
  • Put a password & passphrase
  • “Name” is what your wallet will be called
It should look something like the following:
https://preview.redd.it/958ttfbxb8d21.jpg?width=603&format=pjpg&auto=webp&s=ce48336436ea4b469b5e87513da802de0bf444ee
Hit “Execute”, the “Loading” sign may spin for a few minutes while the wallet is created… once the wallet has been created the “Response Body” will return the mnemonic you have just used.. we now have a wallet!!
HOWEVER IT IS NOT LOADED INTO THE NODE JUST YET!
This is where we will now jump back out and to configure the node to automatically load the wallet and automatically start staking when it first loads.
AGAIN BACKUP YOUR MNEMONIC AND PASSWORD, MAKE SURE THEY ARE ENCRYPTED AND STORED SOMEWHERE SAFE!

Step 5 - Configure The x42 Daemon

Now we are going to modify the x42.conf file in order to automatically load our wallet and start staking 😊
First things first, lets stop our node by running the following command:
sudo systemctl stop x42node.service 
CD to the following folder and view its contents:
~/.x42node/x42/x42Main ls -lah 
within that folder there should be 2 files you are interested in:
-rw-r--r-- 1 darthnoodle darthnoodle 18K Jan 28 16:01 TestWallet.wallet.json -rw-rw-r-- 1 darthnoodle darthnoodle 3.1K Jan 24 15:25 x42.conf 
So TestWallet.wallet.json is our physical wallet that will be loaded, but for right now we want to modify the x42.conf file.. fire up your favourite text editor (if you use VI you’re a masochist)..
nano x42.conf 
The area we are interested in is the following:
####Miner Settings#### #Enable POW mining. #mine=0 #Enable POS. #stake=0 #The address to use for mining (empty string to select an address from the wallet). #mineaddress= #The wallet name to use when staking. #walletname= #Password to unlock the wallet. #walletpassword= #Maximum block size (in bytes) for the miner to generate. #blockmaxsize=1000000 #Maximum block weight (in weight units) for the miner to generate. #blockmaxweight=1000000 #Enable splitting coins when staking. #enablecoinstakesplitting=1 #Minimum size of the coins considered for staking, in satoshis. #minimumstakingcoinvalue=10000000 #Targeted minimum value of staking coins after splitting, in satoshis. #minimumsplitcoinvalue=10000000000 
Uncomment (remove the #) of the following lines and change their value:
stake=1 (changed to 1) walletname=TestWallet (changed to our Wallet Name) walletpassword=password123 (changed to the wallet password) 
save the file and exit back to the command prompt, now we shall restart the node with the following command:
sudo systemctl status x42node.service 
now the wallet is automatically loaded and ready for action!
YES I KNOW YOU HAVE PUT YOUR PASSWORD IN CLEARTEXT, THIS IS WHERE YOU SHOULD HARDEN YOUR BOX. IF THEY CAN GET TO THE POINT WHERE THEY CAN READ YOUR CONF FILE THEY CAN JUST GRAB YOUR WALLET AND BRUTEFORCE THE PASSWORD.
You can check its loaded by going back to the API and executing the following command:
/Dashboard 
Or execute the following command on the NODE:
curl -X GET "http://127.0.0.1:42220/Dashboard" -H "accept: application/json" 
both will produce the same output, if you scroll to the bottom you should see something like this:
======Wallets====== TestWallet/account 0, Confirmed balance: 0.00000000 Unconfirmed balance: 0.00000000 
This means the wallet is loaded and ready for action!!

Step 6 - Get Addresses

Next thing you are probably going to want is a receive address and to check the balance and TX history.. so lets start with getting an address!
Go to the following API:
/api/Wallet/unusedaddress 
Fill in the Wallet name which is “TestWallet” (in this example) and “account 0” (which is the first/default account):
https://preview.redd.it/ayri5jk0c8d21.jpg?width=602&format=pjpg&auto=webp&s=2d16bbb78da49c0125d24d0834c9454d702cb7a1
Hit execute and you should have an x42 address within the “Response Body”:

https://preview.redd.it/tmc495j3c8d21.jpg?width=349&format=pjpg&auto=webp&s=b00177f66a9e24c980d3c6d4e532a33cbf3fb0bc
BOOM… ok now we can receive funds! 😊

Step 7 - Check TX History

Go to the API and the following call:
/api/Wallet/history 
The 2 fields we are most concerned about are:
https://preview.redd.it/lw194af6c8d21.jpg?width=602&format=pjpg&auto=webp&s=27e264bc008879355ff5b9c50a0a5cb06f16e960
Input the name of the wallet and account you want to view the history of, then hit execute. The other fields can be black. This will return a list of TX’s that the wallet has received:
This should look like the following:
https://preview.redd.it/x1hgargac8d21.jpg?width=585&format=pjpg&auto=webp&s=4fd25f22772f4bcec523a6e82b321ae8146a2c75
There is an easier way of doing this, that doesn’t require you to be connected to your node.. especially if your only interested in viewing your staking rewards… THE EXPLORER!
Access the following URL:
https://explorer.x42.tech/address/ 
this will allow you to easily see all TX’s associated with this address, it should look something like below:
https://preview.redd.it/e480grscc8d21.jpg?width=601&format=pjpg&auto=webp&s=0f8a9ebc7944dfcc73f7df659bd839bb983ba90c
… and your done! By this point your node should be running, staking and you have an easy way to view transactions/rewards 😊


Step 8 - Connect The UI Wallet To A Headless Node

The UI utilises a combination of technologies, however the important part is the code attempts to access the x42 Node API on 127.0.0.1:42220.
So you have 2 options here:
  1. Download the Wallet Installers
  2. Compile The UI Yourselves
Pick the option that best suits you given the pros/cons below:
Option 1 - Pro's/Cons
Pro's
  • If you use the installer, its quick and easy.
Cons
  • This also installs an x42 node on your system which runs when the UI loads.
  • If you dont setup an SSH tunnel before running the wallet the local node will bind to the port and the tunnel wont work.. you will be connecting to the local wallet!!
Option 2 - Pro's/Cons
Pro's
  • You only run the UI, the x42 node is not installed
  • you dont have a superfluous node running, downloading blocks on your local system
Cons
  • Time Consuming
  • Have to download dependencies and manually compile the code

Pre-Requirement - Needed For Both Options!!
As previously mentioned, the UI attempts to access the API's on 127.0.0.1:42220, however our node isnt running on our local system. IN ORDER TO GET IT WORKING YOU NEED TO HAVE AN SSH TUNNEL, THIS TUNNEL NEEDS TO REMAIN ACTIVE WHENEVER YOU WANT TO ACCESS THE WALLET.
this can be done by executing the following command:
ssh -L 42220:localhost:42220 @ 


Step 8 - [Option 1 - Use Installer] Connect The UI Wallet To A Headless Node

Download and install the UI/Wallet & Node from:
https://github.com/x42protocol/X42-FullNode-UI/releases

DO NOT RUN THE WALLET YET!
Those of us who dont want to run a local node and just want the UI, execute the following commands (as an administrator):
cd C:\Program Files\x42 Core\resources\daemon\ ren x42.x42D.exe x42.x42D.exe.bak 
The above is with Windows, if your are in *NIX then locate the daemon and rename it (i will update how to do that/where to find it shortly)
Setup the SSH tunnel as outlined above, Execute the wallet and it will load, however you will see an exception:

https://preview.redd.it/9os5h8q7scd21.jpg?width=550&format=pjpg&auto=webp&s=ac45ed7bc987917142075c61fb486e7d71f820d1
dont worry, this is just the wallet trying to execute/start the x42 node which we dont want, if all works according to plan.. after you click "OK" you should now be presented with the wallet UI and have the option to select what wallet you would like to load:

https://preview.redd.it/hnyt0b4mscd21.jpg?width=958&format=pjpg&auto=webp&s=a47df710a804375d8363ffcd77d1ede2862b9b4d
... DONE!

Step 8 - [Option 2 - Build/Compile UI Only] Connect The UI Wallet To A Headless Node ###BROKEN

THIS IS STILL A WORK IN PROGRESS, THE ELECTRON BUILD DOESNT WANT TO COMPILE BECAUSE SOME CODE IS MANGLED SOMEWHERE!!

Ok, this is the fun bit! .. we need to install the following dependencies. these instructions are written for a Windows system but it should be easy enough to perform the same on a *NIX system.
Install Dependencies
In order to build the wallet UI, you need to install the following components:
  • git
  • NodeJS
  • Electron Builder
First thing you need to do is install git, so download and install the package:
https://gitforwindows.org/
Next you need to install NodeJS, download and install the package:
https://nodejs.org/en/download/
Next we need to install the node package manager:
npm install npx –verbose 
next we need to make sure we have Visual Studio build tools and Python (2.7) installed, this can be done by executing the following (AS AN ADMINISTRATOR!):
npm install -g --production windows-build-tools 
this will install the necessary tools to build C#/C++ code and python 2.7, this could take some time! When its done you should have something like the following;

https://preview.redd.it/5ekfy5g1kcd21.jpg?width=490&format=pjpg&auto=webp&s=f65196dee6f78f2ececec5ee8b5df1044d68f635

Build & Install - Windows
Create a temp folder to navigate to a folder where you want to download the GIT repository, execute the following command:
git clone https://github.com/x42protocol/X42-FullNode-UI.git 
This will clone the repository into the folder, it will only clone the wallet and not the Node source! now lets CD into the folder and build the UI:
cd X42-FullNode-UI\FullNode.UI npm install 
This will download and install all dependencies (can take a while), at the end you should see something like..

https://preview.redd.it/0zfbfxa8kcd21.jpg?width=601&format=pjpg&auto=webp&s=438d072a6ab2bc7a3d84a8dfe773968acc762bc7
Now the stock UI has a number of third-party libraries which contain some vulnerabilities, being a security conscious person, ive also run:
npm audit fix 
when this is done, we have fixed most of the package vulnerabilities 😊 We also get a complaint about the typescript library being too new for the version of angular in use, so run the following command to install the additional dependency:
npm install [email protected]">=2.4.2 <2.7.0" 
now its time to build the UI, execute the following:
npm run build:prod 
once complete you should see something like the following..

https://preview.redd.it/56vf9zfckcd21.jpg?width=601&format=pjpg&auto=webp&s=31b72daff9ab5001843cba529a7bd38c76fd099d
Next its time to compile the electron binary, it should be noted that the build/package process utilises AppVoyer which is not installed and if you attempt to build right now you will get the following error:
cannot expand pattern "${productName}-v${version}-setup-${os}-${env.arch}.${ext}": env arch is not defined. 
To fix this we need to modify the build file, this is a quick one liner that can do it:
powershell -Command "(gc electron-builder.json) -replace 'env.arch', 'arch' | Out-File electron-builder.json" 
Essentially the offending line for Windows is..
"artifactName": "${productName}-v${version}-setup-${os}-${env.arch}.${ext}" 
The build cannot resolve “env.arch”, so the above one liner replaces “env.arch” with “arch” which works 😊
execute the following command:
npx electron-builder build --windows --x64 
At present i get the following error, no matter what i do.. and ive ran out of time to go hunting about.. if anyone has any ideas on how to fix then please post in here or message me on discord:

https://preview.redd.it/t66rtuqdtcd21.jpg?width=918&format=pjpg&auto=webp&s=a3f1a5ff682586348909c67645ca7ae9454922ff


Happy staking!

If you found this post helpful, then buy me a beer and send a donation to XQXeqrNFad2Uu7k3E9Dx5t4524fBsnEeSw
submitted by D4rthNoodle to x42 [link] [comments]

Forkdrop.io Bi-Weekly Digest 2018-09-27

https://forkdrop.io and follow us on Twitter https://twitter.com/forkdrop
Forks: 117 ( Bitcoin: 69 Altcoin: 21 Historic: 27) - Exchanges: 95

We have added donation address for forkdrop for the batch of newer coins:
MicroBitcoin (MBC): BfC75o5pYh8P1x971g1skBvUfzanHFC42T
ANONymous (ANON): AnWg1PgRW6tGh3a48EdHjP7PisyBoxvHCAY
ClassicBitcoin (CBTC): CNkftiexgYnaG6yh96rSV7eLkPH3MVVtik
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If you get value from what you do, please consider supporting us: https://forkdrop.io/why-donate-to-forkdrop
donating Bitcoin (BTC) is good too: 3QLFLTTuV82LzJUMzh2RoDW2t7FeHLYYad

All the best,
The Forkdrop.io Team
submitted by forkdrop to BitcoinAirdrops [link] [comments]

DADI - All-In-One Thread

DADI - All-In-One Thread

DADI: Decentralized Architecture for a Democratic Internet

For a FULL list of DADI updates, including those to the DADI d'Apps, see here: https://dadi.cloud/en/updates/

What is DADI?

DADI: Decentralized Architecture for a Democratic Internet
DADI Official Video
DADI is built on the Ethereum Blockchain using an ERC-20 token allowing the use of smart contracts and thus improving transparency. Think of the DADI network as seen in the likes of more centralised Amazon Web Services, Google Cloud and Microsoft Azure but on a decentralised cloud infrastructure supported by the contributors of the network (masternodes). The DADI network will be widely distributed on which will be an increasingly large number of nodes which are location aware and located at the edge of the network, this increases efficiency and also helps to prevent a single point of failure. DADIs decentralised cloud platform focuses on currently 11 web services (see below) which will feature in the DADI marketplace as intelligent apps.
One way of thinking about this is that the DADI nodes are on a side chain running the DADI software. Contributors stake (PoS) their DADI tokens on the ETH network to secure a node within the DADI network. The node uses Proof of Work (PoW) and Proof of Availability (PoA) to reward contributors with DADI tokens. More information on this in the Masternode section of this post. This means anyone with a device, laptop, phone, home router (a smart device with an internet connection) will be able to earn income by providing spare compute.
DADI is extremely secure and resistant to common attacks such as DDOS and Brute Force and also prevents malicious data entering the network making all of the web services much safer from malicious attack.
DADI has been in development for over 5+ years (yes, 5 years!) and already providing services to some of their top tier clients. These customers will slowly be moved across to mainnet over time.

DADI works with a few large media corporations
  • Virgin Limited
  • Monocle
  • Empire
  • What Car?
  • Grazia
  • Mojo
  • heat
  • Kerrang
  • + many others

DADI Technology Partner Programme

Gain access to DADI tools, training and support along with other benefits by joining the DADI Technology Partner Programme.

DADI Services

The DADI services are broken into a set of micro services within the DADI dApp marketplace and provide the necessary solutions to meet business requirements. They are currently being brought on to the network in a staged and development track.
DADI CDN - Network Ready
DADI CDN is the first product to launch on the DADI network and is currently live on mainnet.
What is CDN?
A Content Delivery Network (CDN) or Content Distribution Network (CDN). DADI facilitates the seamless delivery of image, audio and video assets for digital products accessed across a range of devices in multiple contexts. CDN's deliver content to end users via nodes deployed in multiple locations.
This allows to reduce bandwidth costs, improve end user experience and increase availability of content. With DADI being able to distribute these nodes in a decentralised manner, nodes are likely to be located much closer to the end user.
Here is the DADI CDN sandbox environment for some of the features: https://docs.dadi.cloud/sandbox/dadi-cdn
...10 other services are being built and on the development roadmap.
DADI Store -Q3 2018
DADI Store - A cloud storage solution for all types of data, with built-in security, privacy and redundancy.
DADI API - Q4 2018
DADI API - A high-performance RESTful API layer designed in support of API-first development and the principles of COPE.
DADI API Wrapper - This library is for interacting with DADI API and provides a high-level abstraction of the REST architecture style, exposing a set of chainable methods that allow developers to compose complex read and write operations using a simplistic and natural syntax.
DADI Publish - Q1 2019
DADI Publish – A writer’s window to the world of content creation. Flexible interfaces designed to optimize editorial workflow.
DADI Web - Q2 2019
DADI Web – A schemaless templating layer that can work standalone or with DADI API.
DADI Identity - Q3 2019
DADI Identity - Guarantees uniqueness of individuals — and powers segmentation — for anonymous and known users.
DADI Track - Q3 2019+
DADI Track - A real-time, streaming data layer providing accurate metrics at individual and product level.
DADI Visualize - Q3 2019+
DADI Visualize - A data visualization interface for Identity and Track, capable of taking data feeds from virtually any source.
DADI Predict - Q3 2019+
DADI Predict - A machine-learning layer that predicts user behavior at an individual level based on past interactions.
DADI Match - Q3 2019+
DADI Match - A taxonomic framework for automated content classification through machine learning, which plugs into Publish.
DADI Queue - Q3 2019+
DADI Queue - A lightweight queue processing system powered by Redis, featuring simple task routing and throttling.
...as well as the dApps we also have:
DADI CLI
DADI CLI - DADI CLI is a command-line tool to help with the installation and customisation of the various products of the DADI platform.

Tutorials

DADI Tutorials - Step-by-step guides and practical examples of our technology written by the DADI team.

Official Sources – Get to know the community.

DADI Website
DADI Telegram The community in the Telegram is the most active, but the admins and team will often visit all forms of social media.
DADI Telegram Announcements
DADI Discord
DADI Github
DADI Twitter
DADI Medium
DADI Youtube
DADI Coinmarketcap
DADI Careers
DADI Facebook
DADI investfeed
DADI Blockfolio Signal - Get the app here look out for DADI updates in the Signal feed.
DADI Delta App - Get the app here look out for DADI updates in the Signal feed.

Unofficial Sources

DADI Telegram 'Price talk'
DADI Twitter Bot (DADI Rank)
This is the communities chat talking price action amongst other things.

DADI Foundation

DADI Foundation
DADI Foundation The Foundation was established in January 2017. It has it's own board and it's own CEO. While it benefits from the network and was setup by the founders of DADI, it is independent, with it's own articles and governance.
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th
DADI Foundation Social Media:
DADI Foundation - Twitter
DADI Foundation - LinkedIn
DADI Foundation - Instagram
Contact DADI Foundation:
[DADI Foundation - Contact Us](mailto:[email protected])

Roadmap – Where is DADI Heading?

So far DADI have accomplished all targets on time even releasing DADI Mainnet 2 days early.
DADI Roadmap

DADI Team – Who is in the team?

Starting at around 18 members, DADI has grown to around 30. The team decided to remove the office environment and work remotely to promote a better life/work balance.
Due to the size of the team and the information they have presented it is best to read here:
DADI Team
Have a read here about the remote working setup: https://dadi.cloud/en/culture/

DADI Tokenomics – How does the token work?

DADI tokens are an integral part of the DADI Platform. Consumers will be charged tokens for their usage of DADI Web Services. An exchange will be built into front end interfaces, allowing consumers to purchase services in their currency of choice.
Make sure you give the tokenomics doc a read:
DADI Official Tokenomics Documentation (available in 10 languages including: English/Korean/Chinese/German and Russian)
DADI Token
DADI Token is an ERC-20 token which can be stored in wallets such as MEW.
· Ethplorer: https://ethplorer.io/address/0xfb2f26f266fb2805a387230f2aa0a331b4d96fba
· Symbol: DADI
· Contract: 0xFb2f26F266Fb2805a387230f2aa0a331b4d96Fba
· Decimals: 18
· Total Supply: 100,000,000 (The creation of DADI tokens will be a one time event. The Token Creation event is the only time that these tokens can be created, and therefore the total supply of DADI tokens is fixed.)
ICO Prices:
ICO Presale: $0.40
ICO Public Sale: $0.50
ICO Amount raised: $29,000,000

DADI Account - Click the link for Preview

DADI is developing its own 'Account' page which will be fully securable with 2FA. DADI also decided to merge the DADI wallet into the account section.
The account section will be used for multiple reasons such as:
  • Holding DADI tokens
  • Managing Devices/Nodes
  • Increasing barrier for entry with a simple UI
  • DADI Contract management
  • Direct FIAT conversion
  • Consumer facing management functionality
DADI Account Page

Exchanges – Where can I buy (or sell)?

DADI has secured some of the top exchanges, including FIAT pairings\*.
· OKEX
· Bitfinex*
· Ethfinex*
· KuCoin
· HitBTC
· Cobinhood
· CoinFalcon
· Gate.io
· IDEX
· WandX
· London Block Exchange (LBX)* - This will be a future listing including a DADI-GBP pairing for the UK. See partnerships below.

Masternodes and Requirements

DADI Official Documentation
DADI masternodes are built on a 3 tier system to perform different functions required for the network. There are three key nodes within the DADI Network: Stargates, Gateways and Hosts. Availability of running certain nodes comes due to network requirements. As the demand increases so will the required amount of masternodes.
INITIAL On-Boarding of Masternodes:
The first wave of nodes will consist of the DADI Founding Node.
This includes the onboarding of c.500 Hosts, c.15 Gateways and c.2 Stargates during Q3 and Q4. These figures are designed to provide enough capacity for early network demand and are subject to change.

Masternode ROI

Note: A calculator to work this out is in development.
A common question is in regards to the ROI of the nodes. The expected returns are shown in the document linked above, but to further understand potential ROI you must first understand how the network rewards contributors.
DADI consumers purchase DADI services via a currency of their choice and this is then converted in real time to the DADI token. This revenue generated is then split between 3 bodies: Nodes, the Ecosystem fund and the DADI Foundation.
Revenue Distribution
The masternodes work on 3 different models:
  1. Proof of Work + Consensus
  2. Proof of Stake
  3. Proof of Availability
The more work your node does (the monitored requests and traffic to your node), with the amount staked (which is limited to avoid centralisation and additional nodes would be required beyond a certain point) and how available your node is on the network (its uptime) determines its reward payout. The larger masternodes (the Stargate especially) require a high uptime and may be penalised if downtime is not during a maintenance window, the hosts do not have such a heavy requirement.
So as a result, the consumers purchase services through DADI, the revenue is then distributed at 85% to all masternodes based on the results of the nodes Proof of Work, Proof of Stake and Proof of Availability a payout is performed monthly.
The PoS requirement is reviewed per quarter and may be lower as the network grows to allow more nodes to be onboarded.

Masternode Setup

DADI nodes are currently in staged on-boarding until the network is publicly available, this will be known as Constellation and is due Q4 2018/Q1 2019.
The masternode setup will be made to be simple and allow for maintenance windows when downtime is required such as hardware changes, update schedules or other.
You will also be able to monitor performance of your DADI nodes from your account.
Here is a sneak peak of the setup window:
Setup Screen (preview)

Masternode Types

DADI Stargate

· Purpose: Stargates provide the domain name system that makes Gateway/Host resources addressable. They are responsible for the secure running of the network. They monitor resources and control the payout contract.
· 500k DADI tokens
· Restricted availability
· Voting rights
Minimum specification:
High bandwidth: 1 Gbit/s+
High availability: 99.9999%
CPU: 2x quad-core+ @ 2.80GHz+
RAM: 128GB RAM+
Disk: 2TB SSD+
Stargates are intended for high-connectivity environments: think data centers and high bandwidth office environments, and are designed to be single, powerful machines rather than a cluster of smaller, less powerful machines.
DADI Stargate - specs below
For example this Stargate specs are as follows:
· 32x Xeon E3 1260L v5 Quad-Core @ 2.9GHz, 8Mb Cache
· 1.2TB RAM
· 2TB SSD raid
Plus room to expand that 10x per node as requirements grow.

DADI Gateway

· Purpose: Gateways are network node owners who contribute bandwidth. They are the entry point to the network, acting as an aggregate point for Host node capacity.
· 50k DADI tokens
· Limited availability
· Top 25% of nodes have voting rights
Minimum specification:
High bandwidth: 250 Mbit/s+
High availability: 99%
CPU: 1x quad-core+ @ 2.5GHz+
RAM: 64GB RAM+
Disk: 1TB SSD+

DADI Host

DADI Host performs extremely well on a Raspberry Pi 3. It can also be run behind a home router without the need for router configuration.
· Purpose: Hosts are network node owners who contribute computational power. DADI Web Services run in a container service within a secure enclave on Host environments.
· 5K DADI tokens
· No node limits
· Top 5% of nodes have voting rights
Minimum specification:
High bandwidth: 15 Mbit/s+
High availability: 20%+
CPU: 1x quad-core 1.2 GHZ+
RAM: 1GB RAM+
Disk: 50GB HDD+

Masternode Hosting

https://www.wirehive.com/masternode-hosting/ (Details by DADI team to be confirmed)

Partnerships – So who works with DADI?

Wirehive
Wirehive delivers expert infrastructure consultancy and support for a broad portfolio of clients including Vodafone, Honda and ITV — and it will be offering DADI’s network as a decentralized alternative to AWS, Microsoft Azure and Google Cloud.
NetWise
Netwise, a leading provider of server colocation and data centre services.
Netwise offers private facilities in London and throughout Europe, designed and built entirely in-house, and delivers end-user content on a national and international scale. It is also a pioneer in green colocation solutions, offering highly-efficient rack space powered by 100% renewable energy — an issue of equal importance to the DADI team.
Agorai
DADI is developing a marketplace proposition - a containerised service for approved partners that enables the running of third party software within the DADI network.
Agorai are working with DADI to deploy their technology in to the marketplace. They are also likely to use DADI API and Store for key components in their setup.
INDX
INDX are working with the DADI marketplace: an open container that is designed to run third party software. Specifically, DADI are working together with INDX to explore the potential for running their masternode setup within the DADI network. They are currently running in AWS.
blond
Blond creates contemporary products, spaces and digital experiences for a diverse range of brands, including Sony, LG, Revolut and Rapha. Blond are working on designs for dedicated DADI nodes. Think smart speakers and smart fridges (as one of the devs commented: DADI Cool) as well as other devices. One potential use case would be nodes that do not require staking, but would offset their own carbon emissions (more info to come on this).
The founding node design:
DADI x blond - Founding Node
Verasity
DADI have integrated Verasity’s VeraPlayer with the DADI network. Verasity’s video toolkit (vDaf) allows existing online video services to access the benefits of blockchain technology.
DADI and Verasity in Times Sq.
London Block Exchange (LBX)
London Block Exchange (LBX) will be providing a fiat on/off ramp for customers of the DADI network and DADI making available its dApps including API, Web and CDN for use on the LBX ICO website. During its upcoming ICO in August, LBX will also make use of three key dApps from within the DADI marketplaceDADI API, DADI Weband DADI CDN. These applications will deliver optimal performance during the LBX ICO, plus the company is exploring the use of DADI technology for its exchange environments. This will also include a DADI-GBP pairing for the folks in the UK.

FAQ

Will DADI move to its own blockchain?
There are no plans to do this. There is also no mainnet swap.
Can I keep DADI Tokens on my Ledger or Trezor?
Yes, DADI is an ERC-20 token which can integrate with MEW.
What is the utility of the DADI token?
The DADI token is used by the consumers of the DADI web services to pay for requests on the network, regardless of whether they pay in another form of currency.
How does the Fiat on-ramp work? What is the Fiat on-ramp?
Individuals and businesses can pay for DADI services using fiat if they want to. This does not change the fact that our services are paid for in DADI: it simply means that there there will be a small real-time exchange in place on dadi.cloud, removing the barrier to entry that a purely crypto based payments solution would pose. It's no different in concept to a business heading to OKEx, buying tokens and then paying in DADI, other than it is faster and that it provides the experience that the majority of our potential consumer base expects at this point in time. Of course you will be able to buy our services in Bitcoin, Ethereum, Nano and many other currencies besides.
The amount of nodes compared to the amount of coins does not add up?
As consumer demand for the technology increases, the size of the network will need to increase. To support growth in capacity the requirement of POS will be reduced. The token value is the second factor that will be monitored and factored in to POS requirements. Some nodes will be allowed a limited increase for proof of stake without allowing for centralisation.
Can a Masternode be run on a VPS?
While running within VPS will not give you the same performance as running on bare metal, it will still be possible, yes.
As the ETH network is used for reputation management and accounting purposes we understand congestion is not a huge concern, but what point could it become a problem and what is the plan B?
The level of congestion required for this be an issue is huge - existential threat to Ethereum level.
DADI will monitor performance, but do not expect this to be an issue. If it ever was however, of course DADI would look to alternatives.

AMA – All those questions that have been asked, answered.

The DADI team currently run an AMA fortnightly. The AMA is run over 3 platforms, Reddit/Discord/Telegram. All questions and answers are posted throughout. The AMA posts below have the clearest history of the questions asked.
· DADI AMA – The first AMA - 18th May 2018
· DADI AMA – Masternodes - June 1st 2018
· DADI AMA - 15th June 2018
· DADI AMA - Mainnet - 29th June 2018
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th 2018
· DADI AMA - Tech AMA with DADI VP of tech James Lambie and Principal Engineer for the DADI network Arthur Mingard - July 20th 2018
· DADI AMA - Founding Node and DADI Store - August 10th 2018
· DADI AMA - Founding Node and Onboarding Process - Friday 07th September, 2018
· DADI AMA - September 21, 2018
· DADI AMA - October 6, 2018
· DADI AMA - October 26, 2018

In the Press – Where’s muh marketing?

The DADI marketing team have been hard at work with a large focus on adoption and real world use cases. See here some of the articles where DADI have been mentioned:
· Tech Digest - Six transformative ICO-funded companies which are definitely worth watching
· Global Coin Report - The decentralized architecture for a democratic internet
· Forbes - DADI: Firm Announces Node Giveaway Following Decentralised Internet Launch
· Cointelegraph - Decentralized Cloud Platform Launches Mainnet in Challenge to ‘Big Four’ Market Leaders
· Cloudcomputing - A datacentre with no centre
· Forbes - 5 Start-ups hoping to rebuild the internet
· City AM - London Blockchain startup building a new internet
· CBR Online - Big DADI Launch: This Startup Wants to Democratise the Data Centre
· The Blockchain - Who’s the DADI? UK Blockchain Startup Takes Cloud Services Fight to Amazon and Google
· INC - This Foundation Is Rewriting the Internet
· Computer Weekly - UK tech startup wants businesses to share their surplus compute capacity to run its cloud
· IT Pro Portal - British start-up launches 'new internet'
· Business Cloud - BIG BRANDS SIGN UP TO 'INTERNET OF FUTURE'
· Codavel - Can Blockchain CDNs be the next big thing?
· Cryptoiscoming.com - Sleeping Giant of Crypto
· TheBitcoinest - The DADI Network Goes Mainstream, Rolling Out Node Giveaway
· thenextweb.com - This blockchain-based company got $30 million to build a ‘new internet’

I am not part of the DADI team, and this information provided is from my own research. Links to sources have been provided where possible.
submitted by __Dragon__ to DADI [link] [comments]

Bitcoin Silver another fake fork and possibly a scam too

These forks are out of control. Bitcoin Silver looks like another one that was created just to airdrop some "candy" (free coins) as the Bitcoin God fork is doing. But it actually seems more like it could be a scam too so watch out!
They are running a scammy ICO to raise money. If you send them your ETH they will give you BTCS lol It's the same style scam as Bitcoin Ruby where you send in ETH and get back a worthless coin - https://www.reddit.com/BitcoinScamCoins/comments/7gph0o/another_fake_fork_coin_has_popped_up_bitcoin_ruby/
This is just a fake fork and scam to get your Etheruem. Stay away!
submitted by increaseblocks to BitcoinScamCoins [link] [comments]

[Table] IAmA: I am CloudFlare CEO and co-founder Matthew Prince, AMA

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-05-02
Link to submission (Has self-text)
Questions Answers
How is it possible to charge one flat rate to all customers despite the fact that some of them use a couple of TB's a month and other PB's? At a high level: People hate their cell phone providers because their bills are unpredictable. We don't want to be thought of like a cell phone provider.
The scale economics in our business are significant. Our primary variable cost is bandwidth. However, the rate at which bandwidth prices drop is very fast as you start to get to scale. We're now at the scale where we can peer off a significant portion of our traffic, making it effectively free to us. If we can continue to push bandwidth toward zero then it makes sense for us to not charge customers more based on that.
The other thing is that we get smarter about stopping threats with every request that routes through our network. If we charged for bandwidth then it would cause customers to potentially avoid routing traffic through us. That goes against the core value that we provide: effectively a neighborhood watch for the Internet.
Hi Matthew, what are your thoughts about the recent news surrounding the FCC's new net neutrality proposal? How do you think it will affect services like CloudFlare? We're watching the FCC's moves on Network Neutrality very closely. My cofounder Michelle (@zatlyn) sits on the Open Internet Advisory Committee for the FCC. CloudFlare is the only startup represented on the committee. We recently retained a DC lobbying firm in part to advocate for network neutrality and we hired our first in-house counsel out of Google and the FCC. This is an important issue for us.
It's hard to overstate the benefits an uncensored, open Internet has created for the world. We're strong proponents of preserving the principles of Network Neutrality that have allowed open innovation. If governments around the world start to chip away at those principles, I'm hopeful that CloudFlare can use our scale and size in the market in order to ensure our customers will still be as fast as possible around the world.
Would CloudFlare ever get involved in a peering dispute if it would mean a better internet in the long term, even though it might result in temporary performance problems? We negotiate peering agreements daily. There are occasionally disputes. But, generally, most of the world's ISPs are still open to reasonable peering with us.
Notice anything different about SSL on Link to blog.cloudflare.com ? (Hint: you shouldn't.) We just enabled something very, very cool. :-)
One of the things that is critical to get mass adoption of CloudFlare in highly secure environments like financial institutions is a way to handle SSL without us ever having to be trusted with our customers' SSL keys. We've built something that does that and it's now running on a handful of customers' sites as well as on portions of cloudflare.com (the blog included). That's all I can say for now, but it's pretty cool and we'll be talking about it a lot more in the next few months.
Don't tell me it's a solution to P=NP. Please. No, it's not.
Hey Matt! What qualities do you look for when you're hiring, and how does one maximise their chances to land an internship? :-) Link to www.cloudflare.com
What does a community evangelist do? Sets up AMAs. :-)
Do you think the danger from Heartbleed was overexaggerated? Why? Do you code at all any more, or do you have lackeys do do such menial work for you now? Generally, I think that a lot of these Internet vulnerabilities are overhyped. Heartbleed was an exception. It was literally like the plot of that bad Sandra Bullock movie "The Net." There was, effectively, a button that you could push on any server in the world to have it dump the contents of its memory. While everyone focused on it being a crypto vulnerability, the bigger risk continues to be stealing things like login session IDs. That wasn't hypothetical. People were doing it with major services like Yahoo Mail for days after the vulnerability was disclosed. My hunch is we'll still be finding problems created by Heartbleed 2 years from now.
WHen you started up CloudFlare, how far did you see it going? I don't code much anymore. Every once in a while I'll bang out a little Javascript or something in order to prototype something, but there's no way my coding skill is anywhere close to where it would need to be in order to program for CloudFlare.
Hmm. Don't know what my favorite startup is other than CloudFlare. One thing that has been fun is having young startups by the office to brainstorm. Michelle (@zatlyn) and I try and make time to help them out as there were a lot of people who did the same for us when we were getting started.
2) Railguns association. This is a must, we currently track associations in an Excel spreadsheet. That's pretty bad. Any idea when you might associate that in the partner portal? We want to allow root domains behind CloudFlare via partners. We've got a few different ways of doing that we're playing with. The challenge is we want to maintain flexibility to move customers between IPs in order to isolate them when there's an attack. Since the DNS RFC doesn't allow CNAMEs at the root, it makes it tricky. But we're working on it. I'm told the Railgun associations should be in the partner account portal relatively soon.
Hey Matthew - Are there any plans to provide security against state-sponsored APT attacks? With a massive network like CloudFlare, there may be an opportunity to track signatures and develop an enterprise product - any thoughts? We see what appear to be state-sponsored attacks quite often, although we spend more time on defense than we do on attribution so it's tough to really know the source of the attacks. Right now, for instance, there are news organizations on both side of the conflict in Ukraine using CloudFlare in order to stay online in the face of very large DDoS attacks. I agree with you that, over time, there's a lot we can do with our scale and data to better protect customers from more sophisticated attacks.
Did you write much of the original cloudflare code base?...if so, what was the most difficult thing about transitioning into your current non-coding role? What do the 3 remaining lines you wrote in CloudFlare do? Lee Holloway, one of my co-founders, was the technical genius behind CloudFlare and wrote the vast majority of the code. I built the first version of our front end and some other random bits of code along the way. The last bit of my code that is left is around our Always Online feature. If you look at how it handles background AJAX requests to see if the site has come back online and think, "That's janky," now you know why.
Hey Matt, What exactly is happening in your system to trigger a domain to bypass CloudFlare (in case of an attack)? Is there a pps limit? Is there a gbps limit? Also, if you enable the DDoS protection page in a reasonable amount of time (e.g. by checking cpu load and calling the api if it's high with a script ran by cron every minute) would you ever risk to get disabled? For free/pro accounts, the criteria is when the attack starts to negatively affect other customers. That threshold really depends on the circumstances of the attack. If, for instance, an attack is very regionalized and only hitting one data center then it actually is more likely to cause issues than if it is distributed. That makes it difficult to give hard and fast thresholds. For business/enterprise accounts, we have a policy of keeping them on the system no matter what. We have gone to pretty extraordinary lengths to keep biz/ent customers online under large attacks.
How do you manage to keep so active on social media while keeping up with all of your other management duties? Does your team sometimes post as you? Ha. No, no one else posts as me (@eastdakota). I don't post as @CloudFlare -- that's Damon on our team who was our 8th employee and literally invented the position of social media manager once upon a time when he was an early employee at PayPal. For my personal account, I think I tend to post mostly when I'm traveling (usually to complain about United Airlines). If it seems like I'm posting a lot it probably means I'm traveling a lot. Incidentally, still weirds me out a little when people come up to me and say: "I follow you on Twitter."
How did you get some of your first customers? Any strategies you can share? CloudFlare was born, in part, out of Project Honey Pot (Link to www.projecthoneypot.org, an open source project that Lee (@icqheretic) and I started 10+ years ago. CloudFlare's first users were Project Honey Pot members. Our first email to them asked for a helluva leap of faith. Originally, the way you signed up for CloudFlare was by giving us your registrar's username/password. We wrote a little crawler that would login to your registrar, scrape all the DNS info, and then update your name servers. When we first emailed people we didn't have a UI beyond a little box that said something like: "Give us your GoDaddy username/password." It was pretty crazy that people did it, but we'd built a ton of trust with them over the years running PHPot without ever asking for anything in return.
The other fun PHPot story was that when we were first starting we didn't have any money for equipment. Michelle (@zatlyn) suggested that we email all the PHPot users who lived around the Bay Area to see if they had any extra servers. So we did. Emailed about 100 people. Got a ton of replies. Michelle drove around in her little Jetta picking up all the servers. None of them worked, but we were able to take parts from them to cobble together 2 that kind of ran. It was on those two servers we built the first prototype of CloudFlare.
When are we getting a CloudFlare datacenter in India? I know bandwidth is super expensive here but I am guessing you have a lot of users here! India makes Brazil look like a cakewalk. The problem in India is the government and their propensity to pass retroactive taxes on data service providers. There are horror stories of network providers that get hit with tax bills based on "the value of the data" flowing through their networks. That uncertainty makes it very hard. We've actually explored putting a facility in Nepal. It made a lot of sense on paper since the country is within ~5ms of Delhi and has a lot of in-bound traffic, but not a lot of out-bound traffic. Unfortunately, we did the math and our volume of traffic, even just from India, would significantly burden Nepal's infrastructure. We haven't given up on India, but it's a great example of how very physical, old world things impact doing business even as a software/services company.
I hear good things, mostly, all over about CloudFlare. Can you give your top 3 reasons a smaller WordPress blogger should use your services? 1) It's free 2) Faster is always better 3) We work closely with the WordPress team and usually get early word of new vulnerabilities and are able to virtually patch them before they're announced.
Any chance that sub-accounts will ever become a feature? If by sub-accounts you mean the ability for multiple users to manage an account with different permissions then yes. It's coming with the rollout of the new customer site before the end of Q2.
What about transferring a domain to a different CF account? That'll be possible once multi-user is enabled.
What do you think are the biggest threats to the Internet these days? Is it governments, hackers, ourselves, etc.? Government action to "regionalize" the Internet. Brazil's proposal to require local data residency would have made building a modern web company very difficult. - The UN's attempt to take control away from ICANN concerns me. The Internet has always been self-governed by its stakeholders. I'm concerned with the ITU or other governmental organizations stepping in and messing that up. - Concentration of services behind a few giants worries me. The challenges of hackers and ISP fast lanes puts pressure to huddle behind the Google's Amazon's and Facebook's of the world. I think that risks something very special about the Internet. That's part of the motivation of CloudFlare: to give you the resources of a giant without forcing you to live in their walled garden.
This is a more specific question about net neutrality: What do you think about ISP's charging Netfliz for bandwidth? There's an expression in the law that hard cases make bad law. Netflix is a hard case, so it's hard to generalize from them. At their peak they are responsible for 30% of Internet bandwidth in the United States. That's enough that it imposes real costs on ISPs who have to install new routers, upgrade their backbones, etc. Those costs are real and so the dispute is really over who should have to pay for them. If the cost is imposed on the ISP then they'll, in turn, pass them on to customers. That doesn't seem fair to someone like me who isn't a Netflix subscriber. On the other hand, the ISP's customers are paying the ISP to access any service online, Netflix included. It's a tricky problem.
A lot of the problem comes from the fact that the market developed with all-you-can-eat/flat-fee pricing. That means low bandwidth users end up subsidizing high bandwidth users. You'd probably have a lot fewer market distortions like Netflix if end users paid on a usage basis. Of course, that's an unpopular option, and it's hard to imagine how you transition from one model to the other, but it would be easier for ISPs to get behind network neutrality if they knew they could bake costs of services like Netflix into their pricing. And, incidentally, it's not clear that, over time, customers would be worse off.
(I recognize there's a significant amount of irony in my suggesting that after, earlier in this conversation, saying that CloudFlare has fixed-rate pricing because people hate the surprises inherent with variable-rate pricing.)
The other thing that's gotten a bit lost in the conversation is that I'd guess Netflix is paying less for bandwidth through Comcast directly than they were via Cogent. People don't object to Netflix paying Cogent, but they do to people paying Comcast. The reason, of course, is that Comcast is a terminating access monopoly. Comcast has a monopoly over the access to all their subscribers (i.e., if Netflix wants to reach a Comcast subscriber, one way or another, they need to pay Comcast). That suggests that even if you have competition among end-user ISPs, the ISPs will still have a lot of market power over content providers.
These are hard problems.
What do you think of the progress of HTTP 2? Will Cloudflare be an earlier supporter of it once it gets released like you have done with SPDY? Yes.
When will Cloudflare have stickers again? I'm dieing to get one ;_; We just got a new order of stickers in. I think Damon is planning on doing a give-away next week. Stay tuned!
Big fan. When are you opening an office in Portland? :) There are a lot of good people here. No plans for a Portland office. We run a data center nearby to handle data processing so we may open something at some point, but we believe it's pretty important to have as much of our team in the same office as possible. San Francisco is pretty nice too if anyone wants to move down.
What were your initial reactions to the Spamhaus incident that happened a long time ago? I was Spamhaus's attorney very briefly once upon a time, so I've known that team for a while. When their website got knocked down we were happy to help. At first the attacks were big but nothing out of the ordinary. I was out to dinner (on a date) when the big volume. My reaction was: "300Gbps?! Shit. How's the network holding up?" Good news was we'd designed the network to handle quite a bit more traffic. That said, based on how the attack was launched, it was easy to see how the attacker could have scaled it another 10x+. That would have been very bad, and not just for us. Thankfully, while the size of attacks has continued to grow, we're still within an order of magnitude of what Spamhaus saw.
Do you have statistics on the amount of requests that are served over IPv6? How is IPv6 usage growing over time for you? Also, thanks for your work to encourage the usage of IPv6, including the free gateway. We do, but I don't have them at hand. Martin Levy (@mahtin) on our team is working on a blog post where we'll be sharing them. There's been a marked uptick in IPv6 over the last 6 months, which is great news.
Hey Matthew, First off, I love your service and I am enjoying it every day. But how did you manage to go from a small startup to where you are today? Secondly, my cat says meow. Or something like that. One step at a time. I still think of us as a small startup. I walk into the office regularly and still think: where'd all these people come from. I think there's a fiction that startups often have a silver bullet that explains their success. Think about Facebook. There's nothing on its own that is so amazing about Facebook. For them to have built what they did was a million good, small decisions. Then, one day, they woke up and they were huge. There's nothing I can point to as a silver bullet in our story either. We've tried to make a million good, small decisions and tackle problems as they come up. One thing I've learned is that it takes as much effort to solve a big, daunting problem (like CloudFlare) as it does to solve something that seems more manageable. In some ways, big, gnarly problems are actually easier because they attract really smart people to help work on them. And, I don't have a cat, but if I did it would say meow right back.
What do you use to monitor your servers all around the world? We use a combination of open source tools like Nagios as well as a number of things we've developed internally -- although those too are usually build on open source tools like OpenTSDB and SystemTap. Our SRE team is amazing to keep everything running as we are growing as quickly as we are.
Also, must say I love the blog, it's a great insight. The blog has been a real surprise. If you go back and read the early posts it started out much more like a traditional marketing blog. At some point we started writing more technical posts and they really resonated. Some of the posts that get the most readers are those that are the most technical. We encourage our engineering team to talk about what they're working on.
What were some of the challenges you faced when starting up CloudFlare in the beginning? If you could sum up the first few years of CloudFlare in one word, what would it be? Everyone thought we were crazy. "You're going to get people to switch their DNS to you, route their traffic through you, and you're going to do it by shipping equipment to locations around the world?! You're nuts." I saw someone Tweet the other day that every entrepreneur's superpower is naivety. I think that's right. Had we known all of what was really involved in building CloudFlare I don't think we'd have ever gotten started. But I'm glad we did and enjoy coming to work every day to build something that is literally help build a better Internet.
How do you explain the recent hoarding of your latest IP range assigned, when static IPs aren't required for websites at this point, making the SSL point moot? We have millions of customers, so it's not a surprise we've got a lot of IPs. We're going to make SSL available to all our customers, even free ones. That will end up chewing up a bunch of IP addresses. Getting a large allocation of IPs was one of the last stumbling blocks we needed to overcome before we could do that. We just received a /12 from ARIN, so that plan is moving forward. I can't think of any other company that uses IPs as efficiently as we do. We've also been a big proponent of IPv6, so we're doing what we can to help with the transition to the future.
You've really taken a lot of the last /8... Wonder how you justified that as '3 months' usage with the current state of IP affairs. And, PS, Akamai just got a /10.
Hey Matthew ! First of all thank you for the good tools you providing. I would like to know how did you come up with this idea ? Can you tell us more about your two previous start-up ? Was them totally different from CF? The first startup I worked for wasn't my idea. I was the first non-founder employee. It was completely different: an online health benefits brokerage based in Chicago. It was actually a lot like Zenefits, which is a new hot startup doing the same thing 15 years later. I learned a ton in the process.
My second startup is Unspam Technologies. It was in the anti-spam space and is still around (and profitable!) today. I still serve on the Board and Lee (@icqheretic), one of my co-founders at CloudFlare, was our first non-founder employee at Unspam.
Any server in Portugal soon? We've talked with some Portuguese ISPs about putting in what we call mini-PoPs directly into their data centers. That'll likely happen before the end of 2014. Madrid is coming even sooner: likely by the end of Q2 or early Q3.
Matthew, congratulations on the success of Cloudflare -- it's been fun to watch it grow. Here's my question: Cloudflare took the lead on Heartbleed and worked in a very open way with other companies and individuals to determine the risks of the defect and how to validate if your site was affected. Cloudflare also helped the NYT deal with a denial of service attack from the SEA about a year ago. That's part of what seems to be an ethos of "it's all of us against the bad guys" ethos in the security community. Do you see that cooperation continuing even though in some circumstances it may not be to the short-term benefit of some companies to "help" their competitors solve problems? I hope so. I really dislike the FUD marketing that many old-school security companies engage in. What I'm proud of is that the adjectives that our customers most often describe us with are "smart" and "helpful." We try and keep an ethos across the whole company of never saying: "That's not our problem." It means our support team spends a bunch of time helping people write their Apache configs and other things that don't directly have to do with us. The upshot, however, is that when the NYT comes under attack, we're someone the CTO trusts to call and help out.
What's your favorite color? Hmm. Not sure. I just painted my apartment and everything ended up being some shade of gray. That's such a boring answer. Probably something in the cool tones: blue or green more than red, orange or pink. Although... I do like CloudFlare Orange. (But CloudFlare's logo was almost blue: Link to blog.cloudflare.com)
Clouflare Brazil DataCenter, when? Brazil doesn't make doing business there easy. We've had equipment sitting in customs for 3+ months. What my team didn't tell me when we started the Brazil project is that if Brazil customs denies your equipment entry then they burn it. Glad I didn't know when I approved the PO. The other thing that is a pain about Brazil is there's a 100% import duty on all equipment sent there. That means it's 2x the cost to turn up servers in Brazil as it is almost anywhere else in the world. Good news: equipment cleared customs and, last I heard, it was in the process of being racked. Barring something unexpected, Sao Paulo will be online before the end of the month.
Hey there! Whats the biggest attack you have ever mitigated? The biggest one we've talked about publicly was just shy of 400Gbps. We've seen a few others that have been bigger than that, but nothing yet that's crossed 500Gbps. I think it's inevitable we will sometime in the next 12 months.
What's one business offshoot you wanted to pursue with cloudflare but couldn't because of whatever reason? I wanted to create a Gmail alternative to compete with Google. Start with a solid mobile app. Build crypto and security in from the beginning. Notify when your messages were passing over a non-secure SMTP session. Monetize on a simple per-seat basis rather than through ads. I think there are a lot of big companies adopting Google Apps but not excited about it. That feels like a market opportunity.
I wanted to create a stock exchange that leveled the playing field and limited access to high frequency traders. Potentially even go back to fractional share pricing to give margin back to stock brokers and encourage market research. Was interesting to read Michael Lewis's new book ("Flash Boys") and see that someone is actually trying it.
About a year ago, you told me Kanye West's Stronger was a good song to describe the success of Cloudflare. Considering the last year's experience, would you say that is still an accurate sentiment or would another song better describe it? Well, Kayne threatened to sue us because Coinye (the parody crypto coin) was a customer. Can't decide if that makes me more or less likely to do a CloudFlare remix of Stronger.
You guys dropped some hints on your blog about a new website with new analytics etc, any ETA on that ? We've been testing a whole new customer website for the last 6 months. Our plan is to begin rolling out the beta over the next few weeks and have it out broadly by the end of the quarter (June). The first version won't have a completely new Analytics frontend, but we're working on the design for that and should roll it out in Q3.
Is your system going to get less annoying? Got nothing but errors from CloudFare stockholm over the past couple of days. Submit a ticket with the RayID and we can figure out what's going on. No known problems in Stockholm recently.
CloudFlare recently took away the ability for people to run CF on top of Incapsula's service, in essence proxying over a proxy and utilizing two CDNs at once. Now this situation, which previously worked fine for a long time, results in an error, "DNS points to prohibited IP". What gives? If it doesn't cause a problem why block it? Link to blog.cloudflare.com
Submit a ticket and we'll figure it out. That said, proxying through multiple proxies is probably not a good idea.
What's brown and sticky? Rice from Koh Sumoi and the Monkey, the Thai place near our office in San Francisco. ;-)
When will you accept PayPal payments? You've said for so long you will accept this but still nothing. Thanks. I promise it's still something we're working on. A complete rework of billing is scheduled for Q3. That will include PayPal (and Bitcoin).
And, ps, don't think you're alone in being frustrated in how long it's taken. Kills me.
Cloudflare blog mentioned SSL will be available for free customers, any schedule or eta at the moment? We're shooting for end of Q2/beginning of Q3.
Is CloudFlare committed to keep the free plan for ever and never charge? Yes.
Do you have any plans for mainland china in the future. We use one of the big chinese cdns and the service is terrible. I think there is a big market for global CDN that could offer ICP approved services like ChinaCache. Stay tuned.
Last updated: 2014-05-06 16:35 UTC
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