Reddcoin v3.0.0 introduced an updated PoSV method to better distribute staking rewards and target a overall 5% network growth. Staking and relay policy enhancementsTo implement PoSV v2, Reddcoin Core's block templates are now for version 5 blocks only. When PoSV v2 consensus (Supermajority 9000/10000) is reached, only v5 blocks will be accepted by the network.This equates to approximately 90% of blocks being generated over 1 week period. Status at any time may be viewed in node debug.log
@cryptognasher @techadept @chris @cryptobuze @harmonyq @mindredder @paxtech @Tiago PeraltaStake on!!
A short Backgroundsubmitted by Desolatorbtc to vergecurrency [link] [comments]
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
The way that Bitcoin function, has severe flaws with regards to privacy:
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
General technical capabilities of XVG blockchain:
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
You can find the matching instructions as below:
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DADI: Decentralized Architecture for a Democratic Internet
For a FULL list of DADI updates, including those to the DADI d'Apps, see here: https://dadi.cloud/en/updates/
What is DADI?DADI: Decentralized Architecture for a Democratic Internet
DADI Official Video
DADI is built on the Ethereum Blockchain using an ERC-20 token allowing the use of smart contracts and thus improving transparency. Think of the DADI network as seen in the likes of more centralised Amazon Web Services, Google Cloud and Microsoft Azure but on a decentralised cloud infrastructure supported by the contributors of the network (masternodes). The DADI network will be widely distributed on which will be an increasingly large number of nodes which are location aware and located at the edge of the network, this increases efficiency and also helps to prevent a single point of failure. DADIs decentralised cloud platform focuses on currently 11 web services (see below) which will feature in the DADI marketplace as intelligent apps.
One way of thinking about this is that the DADI nodes are on a side chain running the DADI software. Contributors stake (PoS) their DADI tokens on the ETH network to secure a node within the DADI network. The node uses Proof of Work (PoW) and Proof of Availability (PoA) to reward contributors with DADI tokens. More information on this in the Masternode section of this post. This means anyone with a device, laptop, phone, home router (a smart device with an internet connection) will be able to earn income by providing spare compute.
DADI is extremely secure and resistant to common attacks such as DDOS and Brute Force and also prevents malicious data entering the network making all of the web services much safer from malicious attack.
DADI has been in development for over 5+ years (yes, 5 years!) and already providing services to some of their top tier clients. These customers will slowly be moved across to mainnet over time.
DADI works with a few large media corporations
DADI Technology Partner ProgrammeGain access to DADI tools, training and support along with other benefits by joining the DADI Technology Partner Programme.
DADI ServicesThe DADI services are broken into a set of micro services within the DADI dApp marketplace and provide the necessary solutions to meet business requirements. They are currently being brought on to the network in a staged and development track.
DADI CDN - Network Ready
DADI CDN is the first product to launch on the DADI network and is currently live on mainnet.
What is CDN?
A Content Delivery Network (CDN) or Content Distribution Network (CDN). DADI facilitates the seamless delivery of image, audio and video assets for digital products accessed across a range of devices in multiple contexts. CDN's deliver content to end users via nodes deployed in multiple locations.
This allows to reduce bandwidth costs, improve end user experience and increase availability of content. With DADI being able to distribute these nodes in a decentralised manner, nodes are likely to be located much closer to the end user.
Here is the DADI CDN sandbox environment for some of the features: https://docs.dadi.cloud/sandbox/dadi-cdn
...10 other services are being built and on the development roadmap.
DADI Store -Q3 2018
DADI Store - A cloud storage solution for all types of data, with built-in security, privacy and redundancy.
DADI API - Q4 2018
DADI API - A high-performance RESTful API layer designed in support of API-first development and the principles of COPE.
DADI API Wrapper - This library is for interacting with DADI API and provides a high-level abstraction of the REST architecture style, exposing a set of chainable methods that allow developers to compose complex read and write operations using a simplistic and natural syntax.
DADI Publish - Q1 2019
DADI Publish – A writer’s window to the world of content creation. Flexible interfaces designed to optimize editorial workflow.
DADI Web - Q2 2019
DADI Web – A schemaless templating layer that can work standalone or with DADI API.
DADI Identity - Q3 2019
DADI Identity - Guarantees uniqueness of individuals — and powers segmentation — for anonymous and known users.
DADI Track - Q3 2019+
DADI Track - A real-time, streaming data layer providing accurate metrics at individual and product level.
DADI Visualize - Q3 2019+
DADI Visualize - A data visualization interface for Identity and Track, capable of taking data feeds from virtually any source.
DADI Predict - Q3 2019+
DADI Predict - A machine-learning layer that predicts user behavior at an individual level based on past interactions.
DADI Match - Q3 2019+
DADI Match - A taxonomic framework for automated content classification through machine learning, which plugs into Publish.
DADI Queue - Q3 2019+
DADI Queue - A lightweight queue processing system powered by Redis, featuring simple task routing and throttling.
...as well as the dApps we also have:
DADI CLI - DADI CLI is a command-line tool to help with the installation and customisation of the various products of the DADI platform.
TutorialsDADI Tutorials - Step-by-step guides and practical examples of our technology written by the DADI team.
Official Sources – Get to know the community.DADI Website
DADI Telegram The community in the Telegram is the most active, but the admins and team will often visit all forms of social media.
DADI Telegram Announcements
DADI Blockfolio Signal - Get the app here look out for DADI updates in the Signal feed.
DADI Delta App - Get the app here look out for DADI updates in the Signal feed.
Unofficial SourcesDADI Telegram 'Price talk'
DADI Twitter Bot (DADI Rank)
This is the communities chat talking price action amongst other things.
DADI FoundationDADI Foundation
DADI Foundation The Foundation was established in January 2017. It has it's own board and it's own CEO. While it benefits from the network and was setup by the founders of DADI, it is independent, with it's own articles and governance.
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th
DADI Foundation Social Media:
DADI Foundation - Twitter
DADI Foundation - LinkedIn
DADI Foundation - Instagram
Contact DADI Foundation:
[DADI Foundation - Contact Us](mailto:[email protected])
Roadmap – Where is DADI Heading?So far DADI have accomplished all targets on time even releasing DADI Mainnet 2 days early.
DADI Team – Who is in the team?Starting at around 18 members, DADI has grown to around 30. The team decided to remove the office environment and work remotely to promote a better life/work balance.
Due to the size of the team and the information they have presented it is best to read here:
Have a read here about the remote working setup: https://dadi.cloud/en/culture/
DADI Tokenomics – How does the token work?DADI tokens are an integral part of the DADI Platform. Consumers will be charged tokens for their usage of DADI Web Services. An exchange will be built into front end interfaces, allowing consumers to purchase services in their currency of choice.
Make sure you give the tokenomics doc a read:
DADI Official Tokenomics Documentation (available in 10 languages including: English/Korean/Chinese/German and Russian)
DADI Token is an ERC-20 token which can be stored in wallets such as MEW.
· Ethplorer: https://ethplorer.io/address/0xfb2f26f266fb2805a387230f2aa0a331b4d96fba
· Symbol: DADI
· Contract: 0xFb2f26F266Fb2805a387230f2aa0a331b4d96Fba
· Decimals: 18
· Total Supply: 100,000,000 (The creation of DADI tokens will be a one time event. The Token Creation event is the only time that these tokens can be created, and therefore the total supply of DADI tokens is fixed.)
ICO Presale: $0.40
ICO Public Sale: $0.50
ICO Amount raised: $29,000,000
DADI Account - Click the link for PreviewDADI is developing its own 'Account' page which will be fully securable with 2FA. DADI also decided to merge the DADI wallet into the account section.
The account section will be used for multiple reasons such as:
Exchanges – Where can I buy (or sell)?DADI has secured some of the top exchanges, including FIAT pairings\*.
· London Block Exchange (LBX)* - This will be a future listing including a DADI-GBP pairing for the UK. See partnerships below.
Masternodes and RequirementsDADI Official Documentation
DADI masternodes are built on a 3 tier system to perform different functions required for the network. There are three key nodes within the DADI Network: Stargates, Gateways and Hosts. Availability of running certain nodes comes due to network requirements. As the demand increases so will the required amount of masternodes.
INITIAL On-Boarding of Masternodes:
The first wave of nodes will consist of the DADI Founding Node.
This includes the onboarding of c.500 Hosts, c.15 Gateways and c.2 Stargates during Q3 and Q4. These figures are designed to provide enough capacity for early network demand and are subject to change.
Masternode ROINote: A calculator to work this out is in development.
A common question is in regards to the ROI of the nodes. The expected returns are shown in the document linked above, but to further understand potential ROI you must first understand how the network rewards contributors.
DADI consumers purchase DADI services via a currency of their choice and this is then converted in real time to the DADI token. This revenue generated is then split between 3 bodies: Nodes, the Ecosystem fund and the DADI Foundation.
The masternodes work on 3 different models:
So as a result, the consumers purchase services through DADI, the revenue is then distributed at 85% to all masternodes based on the results of the nodes Proof of Work, Proof of Stake and Proof of Availability a payout is performed monthly.
The PoS requirement is reviewed per quarter and may be lower as the network grows to allow more nodes to be onboarded.
Masternode SetupDADI nodes are currently in staged on-boarding until the network is publicly available, this will be known as Constellation and is due Q4 2018/Q1 2019.
The masternode setup will be made to be simple and allow for maintenance windows when downtime is required such as hardware changes, update schedules or other.
You will also be able to monitor performance of your DADI nodes from your account.
Here is a sneak peak of the setup window:
Setup Screen (preview)
DADI Stargate· Purpose: Stargates provide the domain name system that makes Gateway/Host resources addressable. They are responsible for the secure running of the network. They monitor resources and control the payout contract.
· 500k DADI tokens
· Restricted availability
· Voting rights
High bandwidth: 1 Gbit/s+
High availability: 99.9999%
CPU: 2x quad-core+ @ 2.80GHz+
RAM: 128GB RAM+
Disk: 2TB SSD+
Stargates are intended for high-connectivity environments: think data centers and high bandwidth office environments, and are designed to be single, powerful machines rather than a cluster of smaller, less powerful machines.
DADI Stargate - specs below
For example this Stargate specs are as follows:
· 32x Xeon E3 1260L v5 Quad-Core @ 2.9GHz, 8Mb Cache
· 1.2TB RAM
· 2TB SSD raid
Plus room to expand that 10x per node as requirements grow.
DADI Gateway· Purpose: Gateways are network node owners who contribute bandwidth. They are the entry point to the network, acting as an aggregate point for Host node capacity.
· 50k DADI tokens
· Limited availability
· Top 25% of nodes have voting rights
High bandwidth: 250 Mbit/s+
High availability: 99%
CPU: 1x quad-core+ @ 2.5GHz+
RAM: 64GB RAM+
Disk: 1TB SSD+
DADI HostDADI Host performs extremely well on a Raspberry Pi 3. It can also be run behind a home router without the need for router configuration.
· Purpose: Hosts are network node owners who contribute computational power. DADI Web Services run in a container service within a secure enclave on Host environments.
· 5K DADI tokens
· No node limits
· Top 5% of nodes have voting rights
High bandwidth: 15 Mbit/s+
High availability: 20%+
CPU: 1x quad-core 1.2 GHZ+
RAM: 1GB RAM+
Disk: 50GB HDD+
Masternode Hostinghttps://www.wirehive.com/masternode-hosting/ (Details by DADI team to be confirmed)
Partnerships – So who works with DADI?Wirehive
Wirehive delivers expert infrastructure consultancy and support for a broad portfolio of clients including Vodafone, Honda and ITV — and it will be offering DADI’s network as a decentralized alternative to AWS, Microsoft Azure and Google Cloud.
Netwise, a leading provider of server colocation and data centre services.
Netwise offers private facilities in London and throughout Europe, designed and built entirely in-house, and delivers end-user content on a national and international scale. It is also a pioneer in green colocation solutions, offering highly-efficient rack space powered by 100% renewable energy — an issue of equal importance to the DADI team.
DADI is developing a marketplace proposition - a containerised service for approved partners that enables the running of third party software within the DADI network.
Agorai are working with DADI to deploy their technology in to the marketplace. They are also likely to use DADI API and Store for key components in their setup.
INDX are working with the DADI marketplace: an open container that is designed to run third party software. Specifically, DADI are working together with INDX to explore the potential for running their masternode setup within the DADI network. They are currently running in AWS.
Blond creates contemporary products, spaces and digital experiences for a diverse range of brands, including Sony, LG, Revolut and Rapha. Blond are working on designs for dedicated DADI nodes. Think smart speakers and smart fridges (as one of the devs commented: DADI Cool) as well as other devices. One potential use case would be nodes that do not require staking, but would offset their own carbon emissions (more info to come on this).
The founding node design:
DADI x blond - Founding Node
DADI have integrated Verasity’s VeraPlayer with the DADI network. Verasity’s video toolkit (vDaf) allows existing online video services to access the benefits of blockchain technology.
DADI and Verasity in Times Sq.
London Block Exchange (LBX)
London Block Exchange (LBX) will be providing a fiat on/off ramp for customers of the DADI network and DADI making available its dApps including API, Web and CDN for use on the LBX ICO website. During its upcoming ICO in August, LBX will also make use of three key dApps from within the DADI marketplace — DADI API, DADI Weband DADI CDN. These applications will deliver optimal performance during the LBX ICO, plus the company is exploring the use of DADI technology for its exchange environments. This will also include a DADI-GBP pairing for the folks in the UK.
FAQWill DADI move to its own blockchain?
There are no plans to do this. There is also no mainnet swap.
Can I keep DADI Tokens on my Ledger or Trezor?
Yes, DADI is an ERC-20 token which can integrate with MEW.
What is the utility of the DADI token?
The DADI token is used by the consumers of the DADI web services to pay for requests on the network, regardless of whether they pay in another form of currency.
How does the Fiat on-ramp work? What is the Fiat on-ramp?
Individuals and businesses can pay for DADI services using fiat if they want to. This does not change the fact that our services are paid for in DADI: it simply means that there there will be a small real-time exchange in place on dadi.cloud, removing the barrier to entry that a purely crypto based payments solution would pose. It's no different in concept to a business heading to OKEx, buying tokens and then paying in DADI, other than it is faster and that it provides the experience that the majority of our potential consumer base expects at this point in time. Of course you will be able to buy our services in Bitcoin, Ethereum, Nano and many other currencies besides.
The amount of nodes compared to the amount of coins does not add up?
As consumer demand for the technology increases, the size of the network will need to increase. To support growth in capacity the requirement of POS will be reduced. The token value is the second factor that will be monitored and factored in to POS requirements. Some nodes will be allowed a limited increase for proof of stake without allowing for centralisation.
Can a Masternode be run on a VPS?
While running within VPS will not give you the same performance as running on bare metal, it will still be possible, yes.
As the ETH network is used for reputation management and accounting purposes we understand congestion is not a huge concern, but what point could it become a problem and what is the plan B?
The level of congestion required for this be an issue is huge - existential threat to Ethereum level.
DADI will monitor performance, but do not expect this to be an issue. If it ever was however, of course DADI would look to alternatives.
AMA – All those questions that have been asked, answered.The DADI team currently run an AMA fortnightly. The AMA is run over 3 platforms, Reddit/Discord/Telegram. All questions and answers are posted throughout. The AMA posts below have the clearest history of the questions asked.
· DADI AMA – The first AMA - 18th May 2018
· DADI AMA – Masternodes - June 1st 2018
· DADI AMA - 15th June 2018
· DADI AMA - Mainnet - 29th June 2018
· DADI AMA - DADI Foundation with Jennifer Martin-Nye, CEO - July 6th 2018
· DADI AMA - Tech AMA with DADI VP of tech James Lambie and Principal Engineer for the DADI network Arthur Mingard - July 20th 2018
· DADI AMA - Founding Node and DADI Store - August 10th 2018
· DADI AMA - Founding Node and Onboarding Process - Friday 07th September, 2018
· DADI AMA - September 21, 2018
· DADI AMA - October 6, 2018
· DADI AMA - October 26, 2018
In the Press – Where’s muh marketing?The DADI marketing team have been hard at work with a large focus on adoption and real world use cases. See here some of the articles where DADI have been mentioned:
· Tech Digest - Six transformative ICO-funded companies which are definitely worth watching
· Global Coin Report - The decentralized architecture for a democratic internet
· Forbes - DADI: Firm Announces Node Giveaway Following Decentralised Internet Launch
· Cointelegraph - Decentralized Cloud Platform Launches Mainnet in Challenge to ‘Big Four’ Market Leaders
· Cloudcomputing - A datacentre with no centre
· Forbes - 5 Start-ups hoping to rebuild the internet
· City AM - London Blockchain startup building a new internet
· CBR Online - Big DADI Launch: This Startup Wants to Democratise the Data Centre
· The Blockchain - Who’s the DADI? UK Blockchain Startup Takes Cloud Services Fight to Amazon and Google
· INC - This Foundation Is Rewriting the Internet
· Computer Weekly - UK tech startup wants businesses to share their surplus compute capacity to run its cloud
· IT Pro Portal - British start-up launches 'new internet'
· Business Cloud - BIG BRANDS SIGN UP TO 'INTERNET OF FUTURE'
· Codavel - Can Blockchain CDNs be the next big thing?
· Cryptoiscoming.com - Sleeping Giant of Crypto
· TheBitcoinest - The DADI Network Goes Mainstream, Rolling Out Node Giveaway
· thenextweb.com - This blockchain-based company got $30 million to build a ‘new internet’
I am not part of the DADI team, and this information provided is from my own research. Links to sources have been provided where possible.
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