Bitcoin Wallet synchronisieren - unsere Tipps für ...
Bitcoin Core :: Bitcoin
How can I speed up Bitcoin Core syncing? : Bitcoin
so i need help to know how to take my money from my wallet "bitcoin core" to put it in a way easier wallet " im a noob" because that god damn wallet is done synchronising in 5 years or whatever and i cant see my money until that , so i would just like to know how to achieve it , /r/Bitcoin
Bitcoin Core stuck on "Synchronising with Network"
I wanted to buy bitcoin for the first time because a website I used was offering a discount for bitcoin payments. I read up and found myself an exchange (bittylicious) and a wallet (Bitcoin Core) that I was comfortable with. I think I made a mistake using Bitcoin Core as I'm now reading that its not user friendly but I've only just realised that now. I went ahead and bought my bitcoins without any issues. But its been half and hour already and I have seen no change in the bitcoin core interface. It still says my balance is 0 so I started looking at the wallet and noticed it says synchronising with network. Is this affecting my transaction? Is there anything I can do about it or do I just have to wait for this to synchronise? Also if anyone can tell me how long does it normally take? Can anyone recommend a more user friendly wallet? Sorry for all the questions and thanks in advance!
[M] - Mandatory. The update contains security fixes or contains fork update (wallet will stop working after some height reach). IMPORTANT: The latest version is 0.5.0.1 (contains minor update after 0.5.0.1)
Meet Ryo Currency 0.5.0.0 update - Fermi Paradox. In this update we will discuss 3 updates and do one announcement in the source code, 2 of them will be the first among any Cryptonote projects:
Wallet Scan speedup thanks to ECC and multi-threading library. Increased wallet scan speed when processing blockchain. New Elliptic Curve Cryptography library combined with implemented multi-threading that ustilises user's CPU results in reduced block verification up to 5x times compared with previous modes.
Plateau emission curve. Ryo's block reward changes every 6-months following a "Plateau Curve" distribution model. The modification of emission curve was initiated and debated with Ryo community. The following fork will finalise and implement that change.Notice: the difference between previous and this model will take effect at block height 394470.Read more about Ryo plateau emission curve
Various code edits, refactoring and minor fixes. There are multiple code fixes and edits that could be considered minor when looked in particular, but when looked in general - result in more than 35.000 lines of code being changed making core code more clean, optimised and bugfixed.Check Ryo Github repository
level 0 - everyone can look into your wallet and know your transactions (BTC level)
level 1 - nobody can see inside of your wallet, but each note has a serial number (yes, this is real life money level and in CN coins is implemented using stealth addresses)
level 2 - notes you have don't have a serial number to a guy that gave you one, and no-one can't know if you spent it later (In CN coins it is implemented using ring signatures - which are the failing ones)
What we are saying is over the past year or two, researches stripped ring signatures of their privacy properties so much, that we think it is no longer fair to say that we (or Monero, which is even worse since it has even smaller ring size compared to Ryo) or any other CN project that uses it - meet the level 2 of privacy. So, summarising in non-tech words what does it mean - when you are doing a transaction and want to imagine how it looks like in system:
bitcoin - "I spent output 10, worth 1 BTC and output 22, worth 0.5 BTC"
ring signature (current CN coins) - "I spent output 10, 14, 18 or 20, and output 16, 18, 19, or 22"
Please update your wallets before this block, or your previous wallet will stop synchronising after the block 362000:
Ryo Wallet Atom: download latest Atom installer when annouced update to version 1.5.0, start it and perform reinstall.
Ryo cli binaries: download or compile from source updated binaries from Github version 0.5.0.0 and unzip it, and place your wallet key files in new folder.
Pool owners and exchanges are notified about updating their nodes to the latest version before the fork.
Questions you might have regarding the fork:
What will happen with mining algorithm - will it change or what does "fork" mean - coin is split on 2? No, "fork" basically means major code update that is being activated on a specified block height. There will be no mining algorithm change or chainsplit.
Ryo roadmap indicates that you had in plans reaching 100x ring sizes. In light of future introduction of ZK-proofs does it mean that this is not aplicable? Yes, we eventually will be replacing ring signature technology on ZK-proofs, which is more fundamental change than trying to "beat dead horse" with ring signatures.
What about atomic swaps? Ryo roadmap indicates it being planned, is it still possible with introducing ZK-proofs? Yes it is! And we aim to implement this feature after all necessary updates in core code. It is important to have everything implemented and tested before adding that feature.
What is a ZK-proof? ZK stands for zero-knowledge. In cryptography, a zero-knowledge proof is a method by which one party (the prover) can prove to another party (the verifier) that they know a value x, without conveying any information apart from the fact that they know the value xYou can read more about zero-knowledge proof (with real life examples) here.
Will blockchain grow faster (what about tx size) when moving to ZK-proofs? Overall, transactions and blocks using ZK-proofs will be even smaller in size than pre-fork ring signatures with bulletproofs! Plus it enables transactions to be aggregated together - this is obviously a major scalability gain for Ryo Currency.
I heard or as far I understand that ZK-proofs are somewhat less private? Does it mean that you are not privacy-oriented project anymore? No, in short - we decided to do this change to second gen. ZK-proofs, because ring signatures as is are too weak on providing enough for us default level of privacy and overall are considered now as an obsolete technology. So we don't want to say that we have a privacy level of 2, when research shows that it is not.
Ok, after 0.5.0.0 fork - will we be using uniform payment ID-s to do transactions on exchanges? Yes. There are no changes regarding usage of payment ID-s and integrated addresses. We will be still using ring signatures, but also are announcing our goal on moving to ZK-proofs.
What else is there in plans/ideas you have in development of Ryo? Besides all plans and development ongoing with Ryo (wallets, infrastructure, core code and researches) we also developed and improve Mining platform RagerX. It is a all-in-one mining platform that unites a miner, pplns pool, OS, GUI flasher utillity, pool frontend and has advanced social features as well as 2 level affiliate program. In observable future we will add Cryptonight-GPU mining possibillity.We are implementing RagerX so people can mine CPU coins and Ryo simultaneously. Which means more eyes on Ryo, especially from fresh members.
Are the ring signature issues that have been discovered are applicable to other ring signature based coins like Monero? Yes.
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
Technology and some more:
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
Down the rabbit hole
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here. Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017. Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand. Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”.Scilla design story part 1
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
“Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
Smart contract on a sharded environment and state sharding
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
Business & Partnerships It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
Marketing & Community
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
I've just finished synchronise my local blockchain on Bitcoin Core. My question is: what have I to pay attention to? How can I stay up-to-date about latest bitcoin core updates? What do I have to check before upgrade it? So...how to make my little "vote" valuable? :-) Thanks
Probably a really dumb question but this is bitcoin beginners, so... I haven't used bitcoin for a number of years now, dawned on me recently though I have a small amount still in my desktop Bitcoin Core wallet. I've just opened that up and the network is 186 weeks behind. So my question is, if I send the BTC in my Core wallet to a web-based wallet (e.g. localbitcoins.com) will the transaction not be made until the network has fully synchronised on the core wallet? Hope this makes sense, any help much appreciated.
Mega FAQ (Or: Please come here for your questions first)
Qbundle Guide (Step by step setup & Bootstrap) https://burstwiki.org/wiki/QBundle 1( I want to mine or activate My account. Where do find the multiple coins? You only need 1, an outgoing transaction or reward reassignment will set the public key. Get them from: https://www.reddit.com/burstcoinmining/comments/7q8zve/initial_burstcoin_requests/ Or (Faucet list) https://faucet.burstpay.net/ (if this is empty, come back later) http://faucet.burst-coin.es Or https://forums.getburst.net/c/new-members-introductions/getting-started-initial-burstcoin-requests 2( I bought coins on Bittrex and want to move to my new wallet, but can't. Why? Bittrex will only send to accounts with a public key (not a Burst requirement) so see number 1 and either set the name on the account (IF you will not mine) or set the reward recipient to the pool. Either action will enable the account and allow for transfers from Bittrex. 3( I sent coins from Poloniex/anywhere to Bittrex and they don’t show up after a considerable time. Why? You need to set an unencrypted message on the transaction, informing Bittrex which account to send the funds to (this is in the directions on Bittrex). Did you do this? Contact Bittrex support with all the details and eventually you will get your funds. 4( How much can I make on Burst? https://explore.burst.cryptoguru.org/tool/calculate Gives you an average over time assuming a few things like: Average luck/100% uptime/no overlapping/fees on pool/good plot scan time (<20 seconds) if you do not have all of these, you may not see that number. 5( If I use SSD’s would I make more money? No, it’s 95% capacity and 5% scan time that determine success. More plot area = better deadlines = better chance of forging a block, or better rates from a pool. 6( What is ‘solo’ and ‘pool’ (wasn’t his name Chewbacca?) Solo is where you attempt to ‘forge’ (mine) a block by yourself; you get 100% of the block reward and fees. But you only receive funds if you forge, no burst for coming in second place. Pools allow a group of miners to ‘pool’ together their resources and when a miner wins, they give the pool the winnings (this is done by the reward assignment you completed earlier), it is then divided according to different percentages and methods and burst is sent out according to pool rules (minimum pay-out, time, etc.) 7( I have been mining for 2 days and my wallet doesn’t show any Burst WHY? Mining solo: it is win-or-lose, nothing in between, and wining is luck and plot size. Pool mining: because it costs 1 burst to send burst, the pools have either a time requirement (every X days) or a minimum amount (100 burst +) so you need to research your pool. Some pools allow for you to set the limit (cryptoGuru and similar) to be met before sending 8( How do I see what I have pending? On CryptoGuru, based pools, it’s the ‘Pending (burst)’ column, other pools, look for the numbers next to your burst ID. One is Paid and the other pending. 9( I’m part of a pool and I forged a block, but I didn’t recieve the total value of the block, why? A pool has 2 basic numbers that denote the pay-out method, in the format ‘XX-XX’ (i.e. 50-50) The first number is the % paid to the block forger (miner) and the second is the retained value, which is paid to historic ‘shares’ (or, past blocks that the pool didn’t win, but had a miner that was ‘close’ to winning with a good submitted deadline) Examples of pools: 0-100 (good for <40TB) 20-80 (30-80TB) 50-50 (60-200TB) 80-20 (150-250) 100-0 (solo mine, 150+ TB) Please note that there is an overlap as this is personal preference and just guidance; a higher historical share value means a smoother pay-out regime, which some people prefer. If fees are not factored in, or are the same on different pools, the pay-out value will be the same over a long enough period. 10( Is XXX model of hard drive good? Which one do you recommend? CHEAP is best. If you have 2 new hard drives, both covered by warranty, get the one with the lowest cost per TB (expressed as $/TB , calculated by dividing the cost by the number of terabytes) because plot size is KING, 11( How many drives can I have on my machine? For best performance, you can have up to 2 drives per thread (3 on a new fast AVX2 CPU). So that quad-core core-2-quad can have up to 8 drives, but a more modern i7 with 4 cores + hyper threading can squeeze 8 * 3 or 24 drives. (Performance while scanning will suffer) 12( Can I game while I mine? Some people have done so, but you cannot have the ‘maximum’ number of drives and play games generally. 13( Can I mine Burst and GPU mine other coins? Yes, if you CPU Mine Burst. 14( I’m GPU plotting Burst and GPU mining another coin, my plots are being corrupted, why? My advice is dedicating a GPU to either mining or plotting, don’t try to do both. 15( What is a ‘plot’? A plot is a file that contains Hashes, these hashes are used to mine burst. A plot is tied to an account, but they can be created (with the same account ID) on other machines and connected back to your miner(s). 16( Where can I trade/buy/sell Burst? A list of exchanges is maintained on https://www.reddit.com/burstcoin/ (on the right, ‘Exchanges’ tab) the biggest at the moment are Bittrex and Poloniex, some offer direct Fiat-to-Burst purchase (https://indacoin.com for example) 17( Do I have to store my Burst off the exchange? No, but it’s safer from hackers who target exchanges, if you cannot guarantee the safety or security of your home computer from Trojans etc, then it might be best to leave on an exchange (but enable 2FA security on your account PLEASE!) 18( What security measures can I take to keep my coin safe? When you create an account, sign out and back in to your wallet (to make sure you have copied the pass phrase correctly) and keep multiple copies of the key (at least one physically printed or written down and in a safe place, better in 2 places) do not disclose the passphrase to anyone. Finally use either a local wallet or a trusted web wallet (please research before using any web wallet) 19( How can I help Burst? Run a wallet, which will act as a node (or if you’re a programmer, contact the Dev team Bring attention to burst (without ‘shilling’ or trying to get people to buy) And help translate into your local language Be a productive member of the community and contribute experience and knowledge if you can, or help others get into Burst. 20( Will I get coins on the fork(s) and where will they be? There will be no new coin, and no new coins to be given/air dropped etc, the forks are upgrades to burst and there will not be a ‘classic’ or ‘new’ burst. 21( Will I need to move my Burst off of the exchange for the fork? No, your transactions are on the block chain, which will be used on the fork, they will be visible after the move; nothing will need to be done on your side. 22( Where can I read about the progress of Burst and news in general on the community? There is no finer place than https://www.burstcoin.ist/ 23( What are the communities for Burst and the central website? Main website: https://www.burst-coin.org/ Reddit: https://www.reddit.com/burstcoin and https://www.reddit.com/burstcoinmining/ Burstforum.net: https://www.burstforum.net/ Getburst forum: https://forums.getburst.net/ Official Facebook channel: https://m.facebook.com/groups/398967360565392 (these are the forums that are known to be supporting the current Dev Team) Other ways to talk to the community: Discord: https://discordapp.com/invite/RPhpjVv Telegram (General): https://t.me/burstcoin Telegram (Mining): https://t.me/BurstCoinMining 24( When will Burst partner up with a company? Burst is a currency, the USD does not ‘partner up’ with a company, the DEV team will not partner up and give over to special interests. 25( Why is the DEV team anonymous? They prefer anonymity, as it allows them to work without constant scrutiny and questions unless they wish to engage, plus the aim is for Burst to become a major contender, and this brings issues with security. They will work and produce results, they owe you nothing and if you cannot see the vision they provide then please do not ‘invest’ for short term gain. 26( When moon/Lambo/$100/make me rich? My crystal ball is still broken, come back to the FAQ later for answer (seriously, this is a coin to hold, if you want to day-trade, good luck to you) 27( How can I better educate myself and learn about Dymaxion? Read about the Dymaxion here: https://www.reddit.com/burstcoin/wiki/dymaxion 28( My reads are slow, why? There are many reasons for this, if your computer has a decent spec it’s likely due to USB3 hub issues, or plugging into a USB2 hub, but other reasons can be multiple plots in the same folder, but it’s best to visit the mining subreddit. They can help more than an simple FAQ https://www.reddit.com/burstcoinmining/ 29( I have a great idea for Burst (not proof of stake related)? Awesome! Please discuss with the DEV team on discord https://discordapp.com/invite/RPhpjVv (Please be aware that this is a public forum, you need to find who to ask/tell) 30( I have a great idea for Burst (Proof of stake related)? No. if you want a POS, find a POS coin. On the tangle which is being implemented a POS/POW/POC coin can be created, but BURST will always be POC mined. You are welcome to implement a proof of stake coin on this! 31( Will the Dev team burn any coins? Burst is not an ICO, so any coins will need to be bought to be burnt. You are welcome to donate, but the DEV team have no intention of burning any coins, or increasing the coin cap. 32( When will there be an IOS wallet? IOS wallet is completed; we are waiting for it to go on the app store. Apple is the delaying factor. 33( Why do overlapping plots matter? Plots are like collections of lottery tickets (and if only one ticket could win). Having 2 copies is not useful, and it means that you have less coverage of ‘all’ the possible numbers. It’s not good, avoid. 34( My local wallet used to run, I synchronised it before and now it says ‘stopped’. when I start it, it stops after a few seconds, what should I do? I suggest that you change the database type to portable MariaDB (on Qbundle, at the top, ‘Database’ select, ‘change database’) and then re-import the database from scratch (see 35) 35( Synchronising the block chain is slow and I have the patience of a goldfish. What can I do? On Qbundle , ‘Database’ select ‘Bootstrap chain’ and make sure the CryptoGuru repository is selected, then ‘start Import’ this will download and quickly stuff the local database (I suggest Portable MariaDB, see 34) (lol, loop) 36( What will the block reward be next month/will the block rewards run out in 6 months? https://www.ecomine.earth/burstblockreward/ Rewards will carry on into 2026, but transaction fees will be a bigger % by then, and so profitable mining will continue. 37( How can I get started with Burst (wallet/mining/everything) and I need it in a video https://www.youtube.com/watch?v=LJLhw37Lh_8 Watch and be enlightened. 38( Can I mine on multiple machines with the same account? Yes, if you want to pool mine this can be done (but be prepared for small issues like reported size being incorrect. Just be sure to keep question 33 in mind.) 39( Why do some of my drives take forever to plot? Most likely they are SMR drives, it’s best to plot onto another SSD and then move the finished plot/part of a plot across to the SMR drive as this is much quicker. SMR drives are fine on the read, just random writes that are terrible. So plot an SMR drive quickly, plot to a non SMR or better still SSD drive, in as big a chunk as possible (fewer files better) and move. a version of Xplotter, called Splotter, can do this easily. https://github.com/NoParamedic/SPlotter 40( I have a great idea; why not get listed on more exchanges!! Exchanges list coins because of 2 reasons:
The coin pays (often A LOT, seriously we’ve been asked for 50 BTC)
I suggest you speak with your exchange and ask ‘when will they offer Burst?’ 41( Do you have a roadmap? https://www.burst-coin.org/roadmap 42( Why is the price of Burst going up/down/sideways/looping through time? The price of burst is still quite dependent upon Bitcoin, meaning that if Bitcoin gains, the value of Burst gains, if Bitcoin drops then Burst also drops. If there is news for Burst then we will see something independent of Bitcoin moving. Variations can be because of people buying in bulk or selling in bulk. There are also ‘pump and dump’ schemes that we detest, that can cause spikes in price that have nothing to do with news or Bitcoin, just sad people taking advantage of others. 43( Where is the best place to go with my mining questions? https://www.reddit.com/burstcoinmining/ or https://t.me/BurstCoinMining 44( What hardware do you advise me to buy, is this computer good? See question 43 for specific questions on hardware, it depends on so many variables. The ‘best’ in my opinion is a 36 bay Supermicro storage server, usually they have dual 6-core CPU’s and space for 36 drives. No USB cables, plotting and mining monster, anything else, DYOR. 45( Where do you buy your hard drives? I have bought most from EBay in job lots, and some refurbished drives with short warranties. Everything else I have bought, from Amazon. 46( Can I mine on my Google drive/cloud based storage? In short: no. If you want to try, and get to maybe 1 TB and then find that your local connection isn’t fast enough, or that shortly after, your account is blocked for various reasons. Please be my guest. 47( Can I mine on my NAS? Some you can mine with the NAS (if it can run the miner, it can scan locally) but generally they’re not very fast. good for maybe 16 TB? Having a plot on a NAS and mining from another computer depends on the network speed between the NAS and scanning computer. I believe you can scan about 8 TB (maybe a bit more) and keep the scan times to within acceptable, but YMMV. 48( How can I set up a node? No need to set up a node, just set up a wallet (version 2.0.4) or Qbundle (2.2) and it will do the rest 49( Are the passphrases secured? I’ll leave the effort to a few people to show how secure a 12-word passphrase is: https://burstforum.net/topic/4766/the-canary-burst-early-warning-system Key point: brute forcing it will be around 13,537,856,339,904,134,474,012,675,034 years. 50( I logged into my account (maybe with a different burst ID) and see no balance!! I have dealt with this very issue multiple times, and there are only 3 options:
You have typed in the password incorrectly
You have copy-pasted the password incorrectly
You are trying to log into a ‘local wallet’ which the block chain has not finished updating
So I bought some Bitcoins from CoinCorner with a purchase in mind. I sent £50 each in BTC to an Electrum wallet and a Bitcoin Core, on Linux. on a decent machine. Both wallets are now synchronising endlessly. The Bitcoin Core one is telling me that it will take 12 days. That sometimes increases to six weeks. I've googled and it seems that a lot of folk are reporting insane sync times. Cut to the chase: the fuck can I expect to see my money?
Another Quarter, Another Release! The Groestlcoin production factory has been working overtime as always in order to deliver even more tech to push Groestlcoin mainstream when the time comes. There have been many new fantastic wallets and exchanges added to Groestlcoins repertoire over the past 3 months so we will re-cap these before moving on to what is new today.
Groestlcoin added to SatWallet – A 3-in-1 service. Multicurrency wallet, exchange and soon a debit card!
ChangeHero announced a week of 0% commission for Groestlcoin trades.
Added to BC Bitcoin cryptocurrency exchange, offering 8 fiat pairs!
Added to Chameleon Pay mobile wallet for Android and iOS!
Added to the Okex' strategic partners cryptocurrency exchange; CoinAll! Offering BTC and ETH pairs! With a 21,5000 GRS Giveaway!
Added to Spark Card! Our second MasterCard for Groestlcoin! Provided by Pungoio, powered by TarjetaSpark and issued by Mastercard!
Added to Swirlpay! A decentralised peer-to-peer payment gateway.
Added to Archos Safe-T Mini hardware wallet! Built around encrypted Chipset memory.
Added to Agama Wallet – A multi-asset encrypted wallet for iOS, Android, Windows, Mac OS and Linux from Komodo.
Added to Mr Coin exchange, with 2 fiat pairs (EUR and HUF)
Added to CryptoFacil Exchange – An exchange powered by Bittrex and is a fiat gateway. Leaving you with the ability to buy GRS with Visa and Mastercard.
Added to Bits Game – A gambling service with 2 'PvP' games
Added to Boost X Change Cryptocurrency exchange!
Added to Sucon's Suworld Korean cryptocurrency exchange!
Added to DCXinsta cryptocurrency exchange and swap service with Fiat pairings.
Added to DCXtrade, an Indian cryptocurrency exchange with BTC and ETH pairings.
Added a fiat KRW pairing on Huobi Korea Cryptocurrency Exchange!
Added to AirGap wallet, allowing you to securely store your GRS on an offline device.
Added as a payment method on hodlhodl, allowing you to make global trades without KYC/AML.
Added to TrustWallet cryptocurrency wallet for iOS and Android
The existing Magnum wallet adds SegWit support for the wallet! Allowing SegWit addresses to be used and created from within the wallet.
Added to CycleBit – Who provide POS Terminals that accept GRS payments anywhere, in-store and online. 130 coffee houses in Spain already accept GRS using Cyclebit POS terminals!
Added to Bitinka Cryptocurrency exchange! The #1 exchange in Latin America with 5 fiat and cryptocurrency pairs!
Added to Atomic wallet, a non-custodial cryptocurrency wallet with encrypted private keys and 40,000 monthly users.
Added to NoMiddleMan cryptocurrency payment gateway, offering no usernames, no registration, no KYC, no fees. Completely free to use!
Added to Blockchair! An advanced data analysis tool, mempool monitor and block explorer!
Added to SecuX V20, SecuX W20 and SecuX W10 hardware wallets!
Re-forged: Groestlcoin Samourai
Groestlcoin Samourai is a wallet for the streets. A modern Groestlcoin wallet hand-forged to keep your transactions private, your identity masked, and your funds secure. Its main advantages are its extreme portability and is the most secure Groestlcoin mobile HD wallet. We've built a wallet that Groestlcoin deserves. If you are looking for a wallet that Silicon Valley will never build, the regulators will never allow, and the VC's will never invest in, this is the perfect wallet for you. ![Groestlcoin Samourai Release Video](http://img.youtube.com/vi/i3WU8Tde8XQ/0.jpg)
Head over to the Groestlcoin Samourai Release Page here for the full release announcement.
Groestlimage turns any file into a mnemonic phrase allowing users to generate Groestlcoin private keys and addresses based on the data URI of the provided file. A picture is worth a thousand Groestls.
Turn any image, document or audio file into a BIP39 mnemonic phrase
Groestlcoin Core Config Generator is a simple GUI to configure the groestlcoin.conf file – A developers dream tool! Each configuration option is available via the user interface, grouped by what attributes they affect. For ease of getting started with a new configuration, a variety of preset "node classes" are available on the right-hand-side of the screen. Selecting a preset will load our recommended base configuration for a node fitting that description, at which point you can then tune the configuration at the single option level.
Choose between Mining, Non-Standard Ports, Low Bandwidth, Pruned, Raspberry Pi, Tor, Testnet, Regtest, Non-Syncing and Lightning Éclair presets.
Groestlcoin Simple Push TX is a server to push Groestlcoin transactions via SMS. Now everybody can send new transactions via SMS if the Internet is not usable (i.e. blocked by government entities or becomes otherwise unavailable).
Ability to push either Base64 or Hex-Encoded Raw Transactions via SMS.
Send SMS transactions to PushTX through the number +32460224477 (+32460224GRS)
Electrum-GRS is Groestlcoins #1 thin-client for Windows, MacOS, Linux and Android, based on a client-server protocol. Supporting multi-sig wallets without the bloat of downloading the entire blockchain.
New Features (Universal)
Electrum Protocol: The client's "User Agent" has been changed from "3.3.6" to "electrum/3.3.6". Other libraries connecting to servers can consider not "spoofing" to be Electrum
Added CoinGecko.com fiat rate provider. Changed default provider to CoinGecko.com
Minor bugfixes and usability improvements.
New Features (Windows, MacOS, Linux)
Fix Crash during 2FA wallet creation
Fix Synchroniser so that it does not keep resubscribing to addresses of already closed wallets.
Fix removing addresses/keys from imported wallets
The logging system has been overhauled. Logs can now also optionally be written to disk, disabled by default.
Fix a bug in the synchroniser where client could get stuck. Also show the progress of history sync in the GUI.
Fix Revealer in Windows and MacOS binaries
Ledger Nano X is now recognised, supporting mainnet and testnet
KeepKey is now recognised and supports mainnet and testnet
Device was not getting detected using Windows binary
Support Firmware 6.0.0+
Implement "Seedless" mode
Coin Control in QT – Implemented freezing individual UTXOs in addition to freezing addresses
Fix CPFP – The fees already paid by the parent were not included in the calculation, so it was always overestimated.
Testnet – There is now a warning when the client is started in testnet mode as there were several reports of users getting scammed through social engineering.
CoinChooser – Performance of creating transactions has been improved significantly for larger wallets.
Importing/Sweeping WIF keys: Stricter checks
Several other minor bugfixes and usability improvements.
New Features (Android)
Fix rare crash when changing exchange rate settings
Fix bug with local transactions
Allow selecting Fiat Rate providers without historical data
Moving bitcoin from an unsynced wallet. Help please!
I bought some bitcoin in the early days as a fun investment and now they are on my old wrecked computer. I can access the wallet fine but I will never be able to sync it, nowhere near enough space, about 3 years behind in the block chain but the wallet was synced when I received my bitcoins. I need to move my bitcoin to a wallet on another computer. Can I do this with the Private key? Help! thanks.
Full Bitcoin Node on your Raspberry Pi - quick solution
I've been seeing some confusion on how to have a full node running on a raspberry Pi so I decide to write my own tutorial. This assumes that you have at least 200 GB to spare on your Pi. On your laptop/desktop: 0 - Download the latest version of Bitcoin Core and start the blockchain synchronisation. Should be done in 12h or so. On your RPi: 1 - Install Raspbian (plenty of tutorials around so not explaining in detail here) or other distro you may prefer. 2 - Create a non-privileged bitcoin user
$ sudo adduser bitcoin
3 - Change to bitcoin user
$ sudo su bitcoin
2 - Download Bitcoin Core ARM 32 bit binary
$ cd ~ $ wget https://bitcoin.org/bin/bitcoin-core-0.15.0.1/bitcoin-0.15.0.1-arm-linux-gnueabihf.tar.gz
3 - Prepare environment
$ tar -xvf bitcoin-0.15.0.1-arm-linux-gnueabihf.tar.gz $ mv bitcoin-0.15.0/ bitcoin/
3 - Synchronize blockchain
$ rsync -axvP /whereveyou/have/bitcoinblockhain/laptopordesktop/ [email protected]:/home/bitcoin/.bitcoin/ (or just zip it and copy it over. you decide what's easier)
4 - Make sure /home/bitcoin/.bitcoin has the proper permissions
So Im a newbie (as you can likely tell) and this is the situation:
I have purchased BTC through CEX.io
I downloaded and installed Bitcoin Core to use as a wallet
I got a request address from bitcoin core and sent the bTC from CEX.io
The problem is that I am yet to see a change to my balance change from a scary 0.00000000BTC on Bitcoin Core. It says it is synchronising the network but this is taking a very long time. Can someone abate my concerns and tell me I havent just lost a lot of money to the ether? Thanks in advance!
The benefits of blockchain technology have not gone unnoticed, resulting in many blockchain implementations existing today. Most of these use and operate on computer networks that are easy to join and participate in. These permissionless implementations are often known as “public blockchain protocols” (such as Bitcoin and Ethereum). However, the use of an existing blockchain comes with many problems for existing businesses, mainly due to the lack of control over its features and development. While private/permissioned blockchains aim to fulfil the promise of becoming “fit-for-purpose”, they entail immense costs in terms of infrastructure and forfeit the ability to evolve at the speed of open source. The vast majority of both public and private implementations are in the early stages of their development (and currently use 3rd generation technologies). Projects typically focus on one type of blockchain versus the other. As such, most are only used for simple proof-of-concept (“PoC”) test-cases. Despite many such projects, the evolution of the blockchain stack is still stagnating, due to difficulties with enterprise IT integration and a lack of developer-friendly and easy-to-use software tools. Many implementations also lack the enterprise grade capabilities that are critical to run real business applications in both private and public deployments. The technology behind blockchain needs to mature and become more accessible for it to become a widely used and deployed architecture. Additional services and capabilities are also needed for it to be a commonly used business platform. What is public blockchain and private blockchain? Is blockchain meant to be privatized? PUBLIC BLOCKCHAIN A public blockchain is a blockchain network that is fully open and decentralized, where anyone can join and participate in the network if they follow the protocol of the public chain. The network typically has an incentivizing mechanism to encourage more participants to join the network. Bitcoin is one of the largest public blockchain networks in production today, and provides the potential for maximum participation and increased participation results in more computer “nodes” with the network. One of the drawbacks of existing public blockchains is the substantial amount of computational power that is necessary to maintain a distributed ledger at a large scale. More specifically, to achieve consensus, each node in a network must solve a complex, resource-intensive cryptographic problem (called proof-of-work (“PoW”)) to ensure all nodes are synchronised and trust is maintained. This process is complex, slow and consumes vast amounts of energy (electricity). Another disadvantage for particular users is the openness of many existing public blockchains, which provide little to no privacy for transactions (subject to pseudonymity). They also only support a weak notion of overall system level control as they are open to anyone to participate in the network. These are important considerations for future enterprise use of blockchain. However, despite the above, in a public blockchain, no one person, group or organisation controls the information which is on the blockchain; or the series of rules that underpin the protocol itself. No member can unilaterally change the protocols of the blockchain and the information contained within it. Users should be able to fully trust the public blockchain and therefore put their complete trust in a third party that uses the same blockchain. In short, public blockchains can provide maximum trust but are slow and expensive to run. They can also be extremely difficult to upgrade, because they require consensus amongst a large group of participants, many of whom may have different (and even competing) interests. Further, their trusted status may be undermined by various factors, such as malicious activity (such as so-called “front-running” by miners); by concerted behavior (e.g. when mining power is concentrated in a small number of participants); or even legal complexities that arise from having transactions recorded and validated in numerous jurisdictions all at once. PRIVATE BLOCKCHAIN Private blockchain is a blockchain network with united openness and decentralized compared with a public blockchain, where authorization under specific rules is required for a new node to join the network. A private blockchain network requires an invitation and must be validated by either the network starter or by a set of rules put in place by the network starter. Businesses that set up a private blockchain, will generally set up a permissioned network. This places restrictions on who is allowed to participate in the network, and in what transactions. Participants need to obtain an invitation or permission to join. The access control mechanism can vary: for example, existing participants could decide future entrants, a regulatory authority could issue licenses for participation or a consortium could make the decisions instead. Once an entity has joined the network, it will play a role in maintaining the blockchain in a decentralized manner. Private blockchains can (with careful system level IT design) permit greater scalability in terms of transactional throughput. In short, private blockchains provide improved privacy, maximum throughput and are potentially cheaper to run, however they lack the level of trust and network effects that are gained from the more widely deployed public blockchains. A lot of businesses are experimenting with building their own private blockchains. A number of these initiatives (and associated consortia) are facing difficulties to get these private blockchains into real life production systems. Some of the reasons for this are perhaps:
Building proprietary private blockchain systems requires specialist IT, cloud and developer skills and know-how that only very few firms possess.
Building these using an open source model - with the intention of using, enhancing and maintaining these longer term - is extremely challenging (and software development and maintenance is not typically a core-capability for these businesses).
The two above factors can significantly increase the long-term costs of such systems.
Therefore, for companies looking to integrate blockchain technology into their business processes, very careful consideration needs to be placed on the (i) trust plus interoperability (public) need versus (ii) performance plus privacy (private) requirement. This is a fundamental paradox when dealing with combined public and private blockchains. Due to stringent security and compliance requirements, large companies have traditionally implemented their IT systems in private computer architectures (such as private internal clouds). For the same reasons, many of these firms are experimenting with private blockchains, and choosing not to use any form of public protocol. A number of industry consortia (such as R3 and Hyperledger) - may be limiting their potential long-term value and usefulness - by perhaps only considering one type of blockchain architecture. In fact, much of the innovation in blockchain is actually happening in the public protocol space. This is evidenced by the sheer level of new ideas, projects and services that have been fueled by the many large scale (primarily crypto-currency driven) blockchain projects. The majority of these projects do focus on direct dApp development but this also drives certain innovations in the underlying (primarily public) blockchains that run them. We believe that truly transformative business benefits can be achieved if a hybrid approach to blockchain is used. This approach would help maximize the benefits (and reduce the drawbacks) of a combined public and private blockchain architecture. We see the benefit in having a business architecture that - uses a public blockchain to provide enterprise integrity, immutability and a trustless network environment, for data and value (asset) transactions - coupled with a private blockchain that helps enable regulatory compliant record-keeping, privacy and that is configured and optimized for the required enterprise level performance. The key distinguishing features of the two forms of blockchain (i.e. public and private protocols) include the level of trust and control in each system. Trust and control often vary depending on the nature of the blockchain architecture and the software consensus algorithms being used. Often increases in control can result in a decrease in decentralized trust, and vice versa. Performance throughput is also becoming a serious issue for blockchain as deployments grow. Public blockchains, like Bitcoin as mentioned, provide the potential for maximum participation and increased participation results in more computer “nodes” within the network. A larger network of nodes running a blockchain consensus algorithm increases decentralized trust. However, control can become a serious issue in this instance, if an entity gains a majority position over these computer resources. Large blockchain networks running current generation protocols and Proof-of-Work consensus algorithms are very inefficient. They draw a huge amount of energy to run the nodes and validate new transactions. The distribution of transactions is also very slow (especially for business-critical actions). In private blockchains (such as Hyperledger Fabric) there is much more stringent control of which parties (nodes) are part of the specific blockchain network. Throughput can be increased by using state-of-the-art computers, memory and solid-state disks; coupled with well-designed network interfaces between the nodes. However, this often results in lesser decentralized trust as the networks tend to be much smaller in size than in public protocols. Newer and more innovative consensus algorithms are required. (The figure depicts the two models). Permissionless (Public) vs. Permissioned (Private) Blockchains The decision on whether a business chooses a public or private blockchain will depend on a few key considerations. Such as a careful balancing act between (I) the need to maximize trust in the transactions (II) control over the system and finally (III) overall performance throughput AERGO PLATFORM (Bridging the gap between public blockchain and private blockchain) AERGO seeks to leverage and extend both public and private blockchains, supported by modern cloud architectures. Just like the development, evolution and adoption of “hybrid cloud” over the past 10 years, AERGO intends to facilitate the creation of hybrid blockchain based products and business models. AERGO proposes to use state-of-the-art technology that is implemented and manifested as a simple to use practical blockchain protocol. This protocol is intended to be designed so that it can be used in any combination of (i) a public, (ii) a private or (iii) a combined public plus private blockchain architecture configuration. This is depicted in Figure below. AERGO aims to become the de facto enterprise blockchain. One that bridges the gap between both public and private networks. A platform that uses core blockchain technology and deployment blueprints that have already been proven in real-life in-production systems across the world by Blocko (a leading blockchain technology and enterprise IT integration-services company with operations in the UK, South Korea and Hong Kong. COINSTACK-based blockchain systems have already been deployed to 25 million users in over 20 in-production systems). AERGO bridges the Public and Private blockchain worlds for Enterprise IT AERGO intends to combine the practicality and innovation of public blockchains, with the performance and security provided by private blockchains. Just as with cloud computing, we hope to develop the technology to enable companies to develop and run their (dApp) applications on a secure public infrastructure. When needed, these companies will be able to easily and seamlessly migrate some (or even all) of these applications to a more high-performance private blockchain. All of this and without losing any of the benefits of their previous public blockchain model implementation. To enable such a comprehensive hybrid blockchain architecture, innovative technologies and a novel data bridging framework (proxy) are required to make these different types of system work together. The bridging proxy would allow bi-directional communication between multiple public and private blockchain networks. The ability to develop, compile and embed smart contracts into such a diverse architecture will also be required. This also needs to be supported by a very high-performance and efficient virtual machine engine for future and more comprehensive smart contract development. This principle is depicted in the illustrative diagram below. AERGO ecosystem network illustrating public and each private chain bridged CONCLUSION AERGO aims to advance enterprise blockchain, by opening up a new era of mass market usage of blockchain. An era where businesses can benefit from both public and private blockchain innovation, while focusing on building, deploying and managing new services. In short, the AERGO Project aims to provide:
Advanced, yet friendly and easy to use technology for developers and contractors.
A secure and fast public and private blockchain cloud architecture for businesses.
An open ecosystem for third parties and businesses to connect and engage with.
Running staking Lore clients paves the way for some of the future use cases of BLK utilising the Bitcoin 0.12 (and newer) core tech, including colored coins. So I'm going to leave this one going indefinitely to kickstart the number of Lore clients staking. It's certainly not mandatory but it will be good in the longer term to have a nice distribution of Lore staking clients.
The cross-compile which lets you create binaries for multiple platforms didn't work for the QT version on the Pi, so there is more to do than just running the binary unfortunately, as below. There are folks working on some much cleaner solutions than this for the Pi, with a custom front end, and where you won't have to do any mucking about. That is coming soon. In the meantime, if you enjoy a fiddle with such things, here's how to get this QT client working on your Pi.
These instructions assume you are starting from scratch with a completely blank OS.
Note they have since (August 2017) released a version called 'Stretch' which does not work with this guide. I'll see if I can come up with something new for that at some point and link to it here when I have. In the meantime the guide should work with the Jessie image above.
Unzip the file and extract the .img file to burn it onto Fresh SD card to boot from (to be safe, use 16GB or larger), using a tool like win32diskimager or Etcher.
Assuming you have keyboard/mouse and monitor plugged into your pi, boot it up and the Jessie Desktop will show.
Before we do anything else, you should increase the default swap size on the pi, as compiling certain libraries can exhaust the RAM and get stuck otherwise. To do this, launch a Terminal window and type:
sudo nano /etc/dphys-swapfile
and Change the CONF_SWAPSIZE from 100 to:
Exit nano with control + x to write out the file.
Then, run the following to restart the swapfile manager:
(If you prefer to compile it yourself instead, it is possible by following the instructions in the original article by Mindphuk just taking into account this is the newer version of the Lore client than when that was written (https://github.com/janko33bd/bitcoin/releases) and the versions of Boost and the Berkeley DB need to be the same as below.)
Double click the zip and extract the Lore binary files. Yes, at the moment they are all called 'bitcoin', not 'blackcoin' or 'Lore' - this is because the code derives from a recent bitcoin core implementation so this has not yet been updated. You can place these wherever you like.
In the Terminal window, change directory to where you put the binaries, e.g.:
cd Downloads/lore-raspberrypi-armv7-jessie-pixel chmod +x *
That marks the binaries as executable.
Now, we need the Boost libraries installed for any of the Lore binaries to work. The project was done with Boost 1.62.0. Unfortunately the Jessie repository only goes up to 1.55, so we need to download and build 1.62 manually on the device.
wget https://sourceforge.net/projects/boost/files/boost/1.62.0/boost_1_62_0.tar.gz/download tar -xvzf download cd boost_1_62_0 sudo ./bootstrap.sh sudo ./b2 install
(This will take almost 2 hours. Have a nice cup of tea and a sit down.)
When I came to run the binaries, I found they couldn't find Boost. Running this command fixes that:
Now we are going to install the packages which aren't already included in the default OS installation which the binaries need in order to run:
Place the bootstrap.dat file into the ~/.lore directory.
Run ./bitcoin-qt again, it will say 'Importing Blocks' rather than 'Synchronising with Network'. My pi sync'ed fully in about 5-6 hours.
If you want peace of mind that Lore will always start on bootup into the Jessie w/Pixel desktop (i.e. after a power cycle), then you need to create a .desktop file in the following place.
sudo nano ~/.config/autostart/Lore.desktop
And in it, enter the following (tailoring the Exec line below to the whereabouts of your bitcoin-qt file):
[Desktop Entry] Name=Blackcoin Lore Comment=Mining without the waste Exec=/home/pi/Downloads/lore-raspberrypi-armv7-jessie-pixel/bitcoin-qt Type=Application Encoding=UTF-8 Terminal=false Categories=None;
Power usage and payback time
After a good while leaving it going by itself, the CPU load averages got down to almost zero, all of the time. Idling, the Pi uses a bit less than 3 watts. This means it would take two weeks to use one 1Kw/h of electricity.
If you pay e.g. 12.5 cents a unit, that's what you'd expect this to cost to run in a fortnight. That's around $0.25 a month or $3 a year. Green and cheap and helping to secure the BLK network. I paid for the year's worth of electricity in 2 days staking with 25k BLK. Makes mining look silly, huh? ;)
Securing your Pi
With staking, your wallet needs to be unlocked and as such, the keys to your wallet are on the device. In a clean and newly installed environment as described above, and if you don't allow others to use your device and there is no other software or nasties running on it, there is no real cause for concern. However, there are some basic security precautions you can take.
Firstly, if you have enabled SSH and are playing with your pi across your LAN (or worse, the Internet), you should immediately change the password for the default 'pi' user (which is preconfigured to be 'raspberry'). Simply log in as normal, then type:
You'll be prompted to enter the old and the new passwords.
Security by default
Your Pi is likely, by default, to not be exposed to incoming connections from the outside world because your router is likely generating a private address range for your LAN (192.168.x.x or 10.0.x.x or 172.x.x.x) which means all incoming connections are effectively blocked at the router anyway unless you set up a 'port forward' record to allow packets arriving on certain ports to be forwarded to a specific internal IP address.
As for accessing your Pi across the internet, if you have set up a port forward, this likely has security ramifications. Even basic old fashioned protocols have proven in recent times to have uncaught flaws, so it's always advisable to lock down your device as much as possible, and even if you only plan to access the Pi over your LAN, install a firewall to configure this. I used one called ufw, because it's literally an uncomplicated firewall.
sudo apt-get install ufw sudo ufw allow from 192.168.0.0/16 to any port 22 sudo ufw --force enable
This allows just port 22 (SSH) to be open on the Pi to any device on my LAN's subnet (192.168.0.x). You can change the above to a single IP address if paranoid, or add several lines, if you want to lock it down to your LAN and a specific external static IP address (e.g. a VPN service you use). To find out what subnet your router uses, just type:
and you'll see on the interface you are using (either hard wired or wifi) the 192.168 or 10. or 172. prefix. Change the above rule so it matches the first two octets correctly (e.g. 10.0.0.0/16 if you're on a 10.0. address).
You may already use VNC to access your Pi's desktop across your LAN, this uses port 5900. Add a line like above to lock it down to an internal address. It's not a good idea to expose this port to the wider world because those connections are not encrypted and potentially could be subjected to a MITM attack.
You can query the status of the firewall like this:
And of course, try connecting remotely once you change the rules to see what works. You should consult the official documentation for further options: https://help.ubuntu.com/community/UFW
Back up & Recovery
There are again many ways to tackle this so I'll just speak about my basic precautions in this regard. Don't take it as a be-all-and-end-all!
The wallet.dat file is the key file (literally) containing all the private/public keys and transactions. This can be found in:
You can navigate there using Jessie w/Pixel's own file manager or in a terminal window (cd ~/.lore). You can copy this file or, if you'd rather keep a plain text file of all your public and private keys, use the 'dumpwallet' command in the console. In Lore, go to Help > Debug Window > Console and type 'dumpwallet myfilename' where myfilename is the file you want it to spit out with all your keys in it. This file will end up in the same place you launch bitcoin-qt from.
The instructions earlier on, when running Lore for the first time intentionally left out encrypting your wallet.dat file because in order for the wallet to stake upon startup, it needs to have a decrypted key already. This isn't perfect, but after a power cycle, it would never stake unless you left it decrypted. So the best practice here is as soon as the wallet.dat file has left your device, i.e. you copy it to a USB stick for example, put it in an encrypted folder or drive (or both).
On the Mac, I use a software package called Concealer to encrypt files I store on the Mac itself: http://www.belightsoft.com/products/conceale There are almost certainly free packages with similar functionality, I have just used that one for years.
Note that these disk encryption methods may mean having to access the USB stick on a PC or Mac in order to retrieve the files in the event of a disaster. Be aware this may mean exposing them to more security issues if your computer is in any way compromised or someone nefarious has access to your computer. There are more 'manual' ways of backing up and recovering, such as literally writing down private/public key pairs which this guide doesn't go into, but may suit you better if paranoid about your setup.
The wallet.dat file has everything in it you need to recover your wallet, or if you used 'dumpwallet', the file you saved out has all the keys.
Wallet.dat method: Install Lore as normal then replace any auto-generated wallet.dat in ~/.lore directory with your backup. If a lot of time has elapsed and many transactions have occurred since your backup, launch lore with:
And if that doesn't do the job, do a full reindex of the blockchain:
If you used the dumpwallet command, install Lore then place the file containing all the keys that you saved out in the same directory as bitcoin-qt. In Lore, go to Help > Debug Window > Console and type 'importwallet myfilename' where myfilename is that file containing all the keys. The wallet should automatically rescan for transactions at that point and you should be good to go.
There are a million ways to do effective security and disaster recovery, but I hope this shows you a couple of basic precautionary ways. There are discussions about better ways to stake without compromising too much security which are happening all the time and developments in this regard will happen in time.
In the meantime, feel free to comment with your best practices.
"Warning: Unknown block versions being mined! It's possible unknown rules are in effect" What does this mean? Am I in trouble? Running Bitcoin Core wallet v 0.14.1 on Windows 7 (64 bit). No outstanding transactions, just synchronising wallet. Please help!!!!!
Bitcoin Core locked me out of thousands. Any ideas?
I was synchronising my bitcoin core (0.14.2) wallet with the blockchain two weeks ago when the hard drive which I rooted the bitcoin storage to became disconnected. Bitcoin Core now will not open since then saying that "Bitcoin Core quit unexpectedly" when I try to open it. I have tried installing and running previous versions of Bitcoin Core such as 0.14.1 also to no success. I am using my Macbook Air laptop for further information. I have 3 bitcoins in my Bitcoin Core wallet which is unaccessible and I am getting increasingly worried. Please help if anyone's ever encountered this problem.
As per usual the 3 months has been all hand-on-deck, helping to bring further adoption utilities to Groestlcoin. The markets have been red but as always that doesn't stop the show from going on with regards to the development since the last release update on 24th September. Here's a recap of what has happened so far:
Groestlcoin was added to Changelly. One of the leading Crypto-to-Crypto exchanges that offer some of the best rates on the market – You can also buy with a debit/credit card too and you can buy/sell Groestlcoin directly from your Coinomi wallet, from the website https://groestlcoin.org#exchanges, and you can enable Changelly swaps on your GRSPay stores!
Groestlcoin was added to the JAXX Liberty wallet! One of the leading multi-crypto wallets in the stores. Safely store your GRS on Android, iOS, Mac OS X, Windows, Linux or Google Chrome. With Jaxx Liberty you are always in control of your private keys, and you can use your wallet on multiple devices. Note: This directly replaces the deprecated JS Wallet which was of a similar (but older) codebase.
Groestlcoin was integrated into AtomicPay – A decentralised cryptocurrency payment processor that eliminates the involvement of a third-party gateway, allowing merchants to accept payments directly from their customers, with over 2500 merchants already signed up, a public release is set for Mid-January 2019.
Huobi officially opened trading for Groestlcoin to Korean customers! And in addition, a giveaway of up to 10,000 GRS was held!
Unocoin ATMs started supporting Groestlcoin at their ATMs, granting the Indian community the ability to withdraw (For INR) and deposit Groestlcoin into their UnoDax account. Groestlcoin $GRS is available on #Unodax exchange with the following pairs: $INR, $TUSD, $BTC.
Groestlcoin was listed on SWFT BLOCKCHAIN, giving you more opportunities to swap your other altcoins with Groestlcoin or vice versa, quickly and securely.
Groestlcoin was added to One Page Exchange! Where you can buy and sell Groestlcoin quickly and easily without any form of registration!
CryptoWolf started accepting VISA, Mastercard and Maesto to buy cryptocurrencies from the CryptoWolf exchange in EUR or USD! Providing a new FIAT gateway to buy Groestlcoin.
Groestlcoin has been added to CoinZark (Formally VertPig) for fast and efficient Crypto-to-Crypto swaps at very competitive rates using exchange aggregates.
Groestlcoin was added to PungoWallet! Pungo wallet is built to showcase the features that anyone can achieve with blockchain technology. They have built a set of modular solutions that allow any company to build a blockchain layer to interact with traditional software.
Groestlcoin was added to StealthEX, offering anonymous cryptocurrency swaps with tens of other coins without disclosing any personal information. Just choose the pairs, enter your address, send your coins and receive your funds!
Groestlcoin joined InvestFeed, granting a company listing and blue verified badge.
Groestlcoin was officially added to Blockfolio Signals – For those of you that use Blockfolio, you can keep updated with all the latest news straight from the app, via the Signals icon.
Groestlcoin has been added to DeltaDirect – Those using Delta can now stay up-to-date with the latest Groestlcoin news, straight from your Delta portfolio tracker app.
Groestlcoin has been added to CoinGecko Beam – Where you can easily follow us and receive updates without searching through social media.
Groestlcoin is now live on BitUniverse Link! All of the latest Groestlcoin updates and news will be directly available on BItUniverse.
Groestlcoin was added to NovaExchange! Launched in 2016 and operating from Sweden, users can trade over 300 different digital assets.
As of the latest version of the Trezor Model T firmware, Groestlcoin is now officially supported! The Trezor Model T is the next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence. The Trezor Model T now supports over 500 cryptocurrencies.
Blockbook MainNet & TestNet Block Explorer
Blockbook is an open-source Groestlcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by groestlcoind RPC. Blockbook REST API provides you with a convenient, powerful and simple way to read data from the groestlcoin network and with it, build your own services.
Support to broadcast transactions online. Broadcast a raw transaction in hex format over the Groestlcoin network.
Supports every web browser
API – Complete REST and Websocket API for querying blocks, transactions and addresses; and receiving live updates
Light – Thin data model using groestlcoind RPC interface to validate blockchain information. Fast groestlcoind blockchain synchronisation (~1hrs for the entire mainnet), using RocksDB for data storage and optionally raw groestlcoind data files processing.
Exhaustive – Reports on double spend attempts, outpoint confirmations, outputs spend status reports. Input and Output hyperlinks in transactions. Extended view in transactions to show advanced details.
Open Source, written in the Go programming language.
Groestlcoin has been added to the Edge wallet for Android and iOS. Edge wallet is secure, private and intuitive. By including support for ShapeShift, Simplex and Changelly, Edge allows you to seamlessly shift between digital currencies, anywhere with an internet connection.
Multi-Asset Support. Supporting Bitcoin, Ethereum, Groestlcoin and many others, you can safely hold your coins.
Exchange Support – Supporting Shapeshift, Simplex and Changelly enables the user to seamlessly shift between digital currencies as if you were storing your funds on an exchange.
In-app buying and selling, exchange your FIAT for cryptocurrency directly within the app.
Encrypted with a username and password. Seamless login into multiple devices.
Easy, secure access with PIN or fingerprint. Additionally, supporting 2FA authentication.
Client-side encryption – All of your data is encrypted on your device before any of your information touches the Edge servers. Being free from server-side hacks and malware means that your assets are as secure as they can be.
We are excited to announce that Groestlcoin has been added to CoinID! With integrated cold and hot wallet support, and a host of other unique wallet features, CoinID can easily become your go-to wallet for storing Groestlcoin. More details can be found here: https://coinid.org/s/groestlcoin-wallet-overview.pdf
Integrated Cold wallet. Store your funds offline and sleep tight at night. All you need is a separate Android or iOS device.
Transaction Batching – A feature normally reserved for exchanges, CoinID supports transaction batching, allowing the user to group transactions into one, saving space on the blockchain and lowering your transaction fees considerably as a result.
Complete control – Your private keys never leaves your device. "If you don’t control your private keys, you don’t own your coins".
SegWit support – Support for Segregated Witness, which means smaller transaction sizes, lower fees, and supporting all 3 address types (grs1, 3, F).
Hierarchical Deterministic – Use a single set of keys for multiple coins and addresses. When an address is used, a new one is generated.
Cross-Platform – Built with React Native for rapid development cycles and cross-platform support.
The Groestlcoin BIP39 tool is an open-source web tool for converting BIP39 mnemonic codes to addresses and private keys. This enables the greatest security against third-party wallets potentially disappearing – You’ll still have access to your funds thanks to this tool. What’s New
Added Coinomi, Ledger Client, Groestlcoinomi, Trezor, Safe T, Core, Groestlpay and Samourai to BIP32 Tab
Added BIP49 support
Add BIP38 support
Add CSV tab for derived addresses
BIP84 tab for derivation path
Display version number in top right corner
Groestlcoin ticker is now also displayed
Refactor method to clear old data from the display
BIP44 ‘purpose’ and ‘coin’ fields have been made read only
Tab Order is now alphabetical
Improve showing feedback for pending calculations
Show error when using XPUB with hardened addresses
Rename variables for clarity between BIP49 and P2WPKH Nested in P2SH
QR Codes use correctLevel 3 instead of 2
Update compile script to work across python 2 and 3
Add BIP49 to More Info section
Reword entropy text to indicate using a single source only
Detect and warn when entropy is filtered / discarded
Use new xpub/xprv prefixes for Segwit BIP49
Allow more rows to be generated starting from a custom index
BIP141 tab added for full Segwit compatibility
Show list of word indexes. Checksum shows in entropy details
Populate entropy field with hex value used from PRNG
QR codes with accents now work correctly by replacing jquery.qrcode with kjua
Allow initial number of rows to be set by the user
Raw entropy shows groupings with space every 11 bits for easier usage
Warn that entropy values should exclude checksum
Warn when generating low entropy mnemonics
Warn when overriding weak entropy with a strong mnemonic length
Allow XPUB to be used as root key for Segwit derivations
Add visual privacy safeguard. List alternative tools
Update bootstrap from 3.2.0 to 3.3.7 and jQuery from 2.1.1 to 3.2.1
GroestlcoinJS library upgraded to v3.3.2
General code refactoring, numerous performance improvements and bug fixes
Electrum-GRS is a lightweight "thin client" Groestlcoin wallet Windows, MacOS and Linux based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain. What’s New
HARDWARE WALLET SUPPORT: Archos Safe-T Mini is now fully supported
Electrum + Android Version 3.2.3:
If a BIP39 seed extension/passphrase contained multiple consecutive whitespaces or leading/trailing whitespaces, then the derived addresses were not following spec. This has been fixed, and anyone affected should move their codes. The wizard will show a warning in this case.
The PRNG used has been changed
Fix Linux distributable, ‘typing’ was not bundled and was required for Python 3.4
Fix spending from Segwit multi-sig wallets involving a Trezor co-signer when using a custom derivation path.
Several other minor bugfixes and usability improvements.
ivendPay and Groestlcoin cryptocurrency have announced the start of integration. IT company ivendPay, the developer of a universal multicurrency payment module for automatic and retail trade, intends to integrate Groestlcoin cryptocurrency — one of the oldest and the most reputable Bitcoin forks into the payment system. Groestlcoin is characterized by instant transactions with almost zero commission and is optimal for mass retail trade where micropayments are mostly used. According to Sergey Danilov, founder and CEO of ivendPay, Groestlcoin will become the 11th cryptocurrency integrated into the payment module. The first working vending machines for the sale of coffee, snacks and souvenirs, equipped with ivendPay modules, served the visitors of the CryptoEvent RIW exhibition at VDNKh in Moscow and accepted Bitcoin, Go Byte, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Zcash, Bitcoin Gold, Dogecoin and Emercoin. ivendPay terminals are designed and patented to accept payments in electronic money, cryptocurrencies and cash when connecting the corresponding cash terminal. Payment for the purchase takes a few seconds, the choice of the payment currency occurs at the time of placing the order on the screen, the payment is made by QR-code through the cryptocurrency wallet on the smartphone. The interest in equipping vending machines with ivendPay terminals has already been shown by the companies of Malaysia and Israel, where first test networks would be installed. ivendPay compiles a waiting list for vending networks interested in buying terminals and searches for an investor to launch industrial production. According to Sergey Danilov, the universal payment terminal ivendPay for the vending machine will cost about $500. The founder of ivendPay has welcomed the appearance of Groestlcoin among integrated cryptocurrencies, as it is another step towards the realization of the basic idea of digital money - free and cross-border access to goods and services for everybody.
Nexus Earth Criticisms -- with Serious Undertones -- from Publicized Troll
Hello everyone, I took this from a user named fluffyponyza over on the Monero reddit: [–]fluffyponyzaXMR Core Team 6 points 8 months ago Multiple proof systems degrade to the security of a single one, so there's little advantage to it. Moreover, you open it up to difficulty adjustment attacks where an attacker with a large hashrate can swing the difficulty of one of the proof systems, to the detriment of the others. Additionally, the whole point of proof-of-work + difficulty adjustment is to ensure that blocks, on average, come in every 10 minutes. This naturally removes outliers, and thus makes blocks a naturally strong time stamping system. To falsify or somehow effect this would require manipulation of a large portion of the mining network. One could, therefore, quite rightly state that Bitcoin is merely a decentralised timestamping network with value transfer built on top. Knowing that, why would anyone even attempt to have a second timestamping mechanism between nodes? It's completely pointless, and trivially Sybil attacked. But even going down that road just demonstrates a deep lack of understanding as to how Bitcoin works, like the altcoins that add "mempool synchronisation" - as if that were even possible. To be clear, these criticisms are geared towards Nexus Earth. Can Nexus Earth provide a response to this? I'm quite curious, thanks.
If you are running an older version, shut it down. Wait until it has completely shut down (which might take a few minutes for older versions), then run the installer (on Windows) or just copy over /Applications/Bitcoin-Qt (on Mac) or bitcoind/bitcoin-qt (on Linux).
Because release 0.10.0 and later makes use of headers-first synchronization and parallel block download (see further), the block files and databases are not backwards-compatible with pre-0.10 versions of Bitcoin Core or other software:
Blocks will be stored on disk out of order (in the order they are received, really), which makes it incompatible with some tools or other programs. Reindexing using earlier versions will also not work anymore as a result of this.
The block index database will now hold headers for which no block is stored on disk, which earlier versions won't support.
If you want to be able to downgrade smoothly, make a backup of your entire data directory. Without this your node will need start syncing (or importing from bootstrap.dat) anew afterwards. It is possible that the data from a completely synchronised 0.10 node may be usable in older versions as-is, but this is not supported and may break as soon as the older version attempts to reindex. This does not affect wallet forward or backward compatibility.
If you are just getting into Bitcoins and started by installing the Bitcoin wallet on your computer you may notice that the synchronization process with the Bitcoin network is taking up quite some time. This is due to the very large blockchain that has been generated so far and it will continue to grow even bigger, so besides more than 10 Gigabytes of space you need to be ready to wait a bit ... So the P2P networking code in Bitcoin Core is not great and can be improved significantly; there are movements to do that already. That will decrease sync time. Regardless, it's best not to burden full nodes with archival data and just download the torrent* of the chain up to a point (e.g. one month ago) then sync with the network up to the present by putting it in your data directory and ... ###my bitcoin core say "syncing headers" and it totally stopped downloading blocks for more than 20 hours from then. this happened after 1/8 hard fork and after i set up the bitcoin ABC wallet 0.14.6, which i have removed. i tried many things and really confused now. all i want is to claim my bitcoin cash and move it to a market. please help me with this big thanks! Bitcoin Core 0.20.0 Released. Bitcoin Core 0.20.0 is now available with multiple improvements. bitcoincore.org hidden service. After frequent requests, this site is now reachable as a Tor hidden service Bitcoin Core 0.19.1 Released. The Bitcoin Core 0.19.1 maintenance release is now available with bug fixes and minor improvements. Bitcoin Core ... Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use. For the latest developments related to Bitcoin Core, be sure to visit the project’s official website.
Increase slow download and sync of bitcoin blockchain on Mac
This guide will show you how to recover your lost or missing bitcoins from the bitcoin core wallet while it's still syncing. My Book: https://www.amazon.com/... 1967 Shelby GT500 Barn Find and Appraisal That Buyer Uses To Pay Widow - Price Revealed - Duration: 22:15. Jerry Heasley Recommended for you This video is unavailable. Watch Queue Queue. Watch Queue Queue Downloading Blockchain to speed synchronize (Windows) Installed Bitcoin on my network. Helping the cause. Will be mining for BTCs.