montillo cesar @MontilloC

Joined November 2012

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jagdeep sidhu @realSidhuJag

3 years ago

2 days ago @syscoin had this event happen to its network. @binance had asked and so did @HuobiGlobal in our groups if the network is fine. They depend on syscoin multi quorum chainlocks to have absolute confidence no roll backs are possible to accept deposits. There was a disruption on masternode services on @Allnodes which caused many masternodes to lose their quorum BLS shares which caused them to lose their votes to vote on the chainlocks. So yes the fact that @Allnodes runs so many Sentry nodes on syscoin is a point of centralization, but given our position in the market being sub $100m it is not a big problem but one which I think the community should work on long term. However unlike the issue that would have been caused if it were @ethereum there was no loss of funds. There was no slashing because there isn’t any weak subjectivity due to being merged mined with @Bitcoin we use PoW consensus for block validity and only use chainlocking for finality! We therefore use positive reenforcement not negative to create seniority to pay longer term Sentry nodes more rewards compared to others. It has been a resounding success even though sys price is near 52w lows still. We have been constantly and steadily growing Sentry nodes (about 35% of the supply). But why finality or chainlocking? Because we have DA and a modular design and because we are merge mined. Long standing issues around bitcoin miners willing to censor merge mined chains can be solved through finality. We still give power to Bitcoin miners to decide longest chain (aslong as it’s the first one seen as well). To try to censor would require to collude with all Sentry nodes to not chainlock + 51% attack Bitcoin mining network. We also need to prune DA blobs in PoDA to serve rollup scalability. So instead of any issues or pro activity required, the service was restored by all nodes and the network self-healed itself: Proof of disruption: { "result": { "previous_chainlock":{ "height": 1765120 }, "recent_chainlock":{ "height": 1765400, "known_block": true }, "active_chainlock":{ "height": 1765125, "signers": "07", …… You can see the locks stopped for a few hundred blocks, the network fell back to standard nakamoto consensus (longest chain rule). It was at worse the same as Bitcoin using Bitcoin hash rate to secure the longest chain. Exchanges were informed to continue business as usual, just extend confirmation required to 10-12 instead of depending on the chainlock. Now network healed by itself and they can depend on chainlocks again. The takeaway is: 1) finality is great and required for a modular network (so our DA blobs can prune after finality and so selfish mining on Bitcoin is not a problem) 2) don’t depend on finality for any new consensus that requires liveness or even security. 3) finality should be additive in security and robustness. If they exist, network works optimally, but when chainlocks not forming network should keep working (PoW style). 4) this means there is no fragility introduced when adding finality. It makes it less fragile as there isn’t any selfish mining concerns. With PoS consensus as a backbone this design isn’t possible! In fact this is THE natural evolution of extending Bitcoin through auxpow (merged mining), for modular blockchain design. We believe it is the optimal design that does not run the risk of loss of funds or using funds to secure network, you need energy to secure a permission-less organic network to solve BFT. So no loss of funds, no risk to businesses. No chainlocks no problem, we are back to optimal operation! Even with centralization, it works without risking other ecosystem participants.

Syscoin @syscoin

3 years ago

👀 '#PoS Apocalypse: #ETH's $50 Billion Wake-Up Call' 🛡️ Check out this article about how #BTC's #PoW eliminates these risks and how merge-mined #blockchains like @rootstock_io & #Syscoin are paving the way to a more secure future that's built on Bitcoin. coinmarketcap.com/community/arti…

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All Thyme High @all_thyme_high

3 years ago

Shhhh… New explorer launched - explorer.qubic.org $QUBIC @_Qubic_

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BINANCE SPOT AND FUTURES SIGNALS @binancespotTeam

2 years ago

$40,000 Airdrop is coming 💰💰 Share your $TON wallet🐹 First 1000 Lucky likes get credited ♥️ No task Just Like ❤️ & Retweet 🔀 Follow @binancespotTeam Must follow t.me/next10xgem1 #hamsterkombatcombo #HAMSTERCOMBAT #Crypto #hamsterkombatcombo

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Matteo - Chaîne du Geek @MatteoSapin

2 years ago

On se retrouvera en live pour découvrir le trailer de Superman ensemble

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Andrew M. Bailey @resistancemoney

2 years ago

Proud to be joining this initiative next year. The University of Wyoming has displayed real leadership here, and we're going to have a great time supporting and disseminating academic work on bitcoin.