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Nano #Ama on Binance Spanish telegram group!!

Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers.
-(Admin) ¡Welcome Binancians to our following AMA!
I will explain how AMA works; we will have three (3) segments.
Segment #1: I am going to ask to our guests five (5) questions and then they will answer them.
I will be explaining the rest of the segments as we conclude one of them.
-(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you?
- (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now!
-(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well!
-(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you.
Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project?
-(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals.
-(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team.
Here you can find all the weekly updates: https://nano.org/en
Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later?
-(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol.
-(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it!
My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask.
Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method?
-(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives.
-(Admin) This is incredible! thanks for your answer!
Can you tell us about what the Open Representative Vote is about and how it protects the network?
-(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
-(Admin) Very good! The last question on my part:
Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about?
-(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us.
-(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f
Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community
https://www.youtube.com/watch?v=eh9pA8UCUrI
Can you tell me what we see in this video?
-(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency.
- (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use!
-(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption.
- (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever!
-(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate
Segment 3, community questions
Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions?
A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less.
Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it?
A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network.
Q - Do you have any short or long term projects so that transactions using $NANO were anonymous?
A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions.
Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS
A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible.
Q - (7 questions made from one persone at once)
  1. How do you manage to make your transactions virtually instantaneous?
  2. How do they create part of the company's livelihood if no fees are charged for transactions?
  3. Why does $ NANO consume so little electricity?
  4. Requirements for a medium-sized company to adopt nano correctly as a means of payment?
  5. Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation?
  6. What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued?
7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees?
A - (Colin)
  1. Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction.
  2. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money.
  3. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient.
  4. You can run a nano node with 40-60$/mo using cloud virtual machines
  5. Nano pow is just a more efficient way to slow people down from sending transactions to the network
  6. The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money.
Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence?
A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available.
Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today?
A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before.
It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure.
Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment
A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area.
Q - What plans do you have to close this 2019 to increase adoption in Latin America?
A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon!
Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground?
A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available.
- (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys!
@AndyNano It was amazing to meet you, I learned a lot from you
@FundacionNanoVE Thanks for making this happen! excellent work
@nano_isam Thanks for everything buddy!
-(Zach) Can we ask a question to the channel?
What are the top things Nano can do to help you in your daily lives?
-(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen?
A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need
A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most
A - encrypted file in a pendrive
A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano!
-(Colin) Question: Are there barriers to using Nano in your country right now?
A - No barriers in Venezuela
A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO!
A - There should be no barriers to the payments we wish to make, freedom above all
-(Colin) Fantastic!
- (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers!
submitted by AlejandroZD58 to nanocurrency [link] [comments]

FAQ & Daily General Discussion - January 3th, 2018

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.
 
Guidelines for posting in this thread:
 
Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:
 
Be respectful to one another. Follow the golden rule. No trolling or shilling.
 
Guidelines for posting new threads:
 
Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)
 
The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf
 
The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf
 
Let's keep a decent overview of other, more practical questions :-)
 
Guide to set up your wallet https://www.reddit.com/RaiBlocks/comments/7bw77e/how_to_setup_your_desktop_wallet/
 
How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/
 
My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.
 
What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.
 
What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!
 
The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).
 
My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back
 
We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!
 
What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.
 
Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.
 
What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.
 
What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.
 
What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.
 
How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping
 
Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!
 
How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.
 
Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.
 
What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb
 
What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.
 
Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.
 
Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!
 
Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).
 
Want to try out the instant transactions without any fees? Check out This link
 
Daily update of data.ldb for 1st sync Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.
 
Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by Crypto_Jasper to RaiBlocks [link] [comments]

FAQ & Daily General Discussion - January 1th, 2018

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.
 
Guidelines for posting in this thread:
 
Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:
 
Be respectful to one another. Follow the golden rule. No trolling or shilling.
 
Guidelines for posting new threads:
 
Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)
 
The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf
 
The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf
 
Let's keep a decent overview of other, more practical questions :-)
 
Guide to set up your wallet https://www.reddit.com/RaiBlocks/comments/7bw77e/how_to_setup_your_desktop_wallet/
 
How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/
 
My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.
 
What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.
 
What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!
 
The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).
 
My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back
 
We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!
 
What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.
 
Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.
 
What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.
 
What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.
 
What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.
 
How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping
 
Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!
 
How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.
 
Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.
 
What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb
 
What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.
 
Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.
 
Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!
 
Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).
 
Want to try out the instant transactions without any fees? Check out This link
 
Daily update of data.ldb for 1st sync Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.
 
Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by Crypto_Jasper to RaiBlocks [link] [comments]

Most Common Beer Money Sites: DO NOT Create Threads Promoting These

SwagBucks [International*]

This is one of the oldest, most well known GPT (Get-Paid-To) sites. They have plenty to offer, so you shouldn't get too bored. You can earn bonus points for meeting your daily goals, and you can earn up to 300 points ($3) for meeting your goal each day. They have one of the largest selections of rewards available, so you should easily find something you like. — Payment Proof. / Is it available in my country?
*The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Get a 300SB ($3) bonus if you sign up through this link and earn 300SB in your first 30 days. Points are awarded the next day after reaching 300SB.
↪ Use signup code REDDIT for a free 70SB bonus for new users. Click “I have a sign up code (optional)” which is underneath the “Confirm Password” Box.
↪ Age minimum: 13
↪ Offers: Mobile and Desktop Videos, Surveys, Polls, Offer Walls, Tasks, Special offers, Coupons, Games, Search bar, Limited Time Codes, Download offers, Cash Back from Shopping, Swago (like Bingo) and more.
↪ Payout: [Minimum: $3] Amazon, PayPal, Prepaid VISA, Wal-Mart, PSN, Xbox, Sweepstakes, Charity and many more.
TIPS:
‌• Earn up to 300 SB ($3) for meeting your goals for 7, 14, 21 and 30 days in a row.
• Once a month you can redeem a $25 gift card for 12% off.
• Make up to 10 Swagbucks easily each day by playing games in the Play category.
• Click And Earn List to Earn 38 Points Daily Here
• Check out /swagbucks and the discord after signing up for up to date info about the best paying offers.
 

GAIN [US, GB, IE, SE, DE, CA, NL, NO, AU, BE, ES, FR, DK, IT, RU, SG and MY]

Gain is a high paying GPT site that allows you to complete offers, watch videos, complete surveys and more to earn coins. Gain operates in many countries. New users can start out with 100 coins by using this link. — Payment Proof.
↪ Withdrawal options include BTC, ETH, LTC, BCH, CSGOSHOP, Coinbase. Gift cards (through Tango/Rewardlink) also available in certain countries only.
Free daily bonus coins from 10-100 depending on your user level, claim them every 24h on the Gain offerwall
↪ Age minimum: 13+
↪ No screwy point to dollar conversion ratios. 1,000 coins = $1.
↪ Active, friendly and easily accessible support
↪ Earn extra coins for being one of the top 3 earners each day and each month
↪ Bet your Daily Bonus or your earnings (play responsibly) on roulette by clicking Win
TIPS:
• Referral Incentive: New users get 100 coins ($0.10). Referring users get 5% of the referred users earnings.
• Click on the PayPal Guide link after signing up to learn how to easily convert your earnings from Crypto>PayPal with CoinBase.
5% Earning Bonus: Sign up to the site with your Steam account and add gain.gg to the end of your steam username to earn a 5% bonus on your earnings.
Offers over 4000 coins are automatically held, message Support Chat (click Support on the top right of the chat box) to have the coins released for you.
 

GG2U.org [International*]

GG2U is a GPT (Get-Paid-To) site. The website is a bit outdated looking, and it can feel clunky at times, but don't let that fool you. It has some of the highest paying rates, and has a few unique offer walls and plenty of survey routers that you rarely see on other sites. The customer support is great as well. The owner responds pretty quickly and is always willing to help out. This site is focused on gamers and has some gaming tasks, but there are plenty of things to do for non-gamers as well. — Payment Proof.
*The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 13
↪ Offers: Surveys, Offer Walls, Tasks, Videos, Gaming Tasks, and Promotional Link Shortener.
↪ Get paid for listening to the radio (US, CA, UK)
↪ Payout: [Minimum: $7] PayPal, BTC to Coinbase, Amazon, Best Buy, GameStop, Google Play, iTunes, Nintendo eShop, Playstation GC, Steam, Target, Walmart, Xbox GC
↪ Referral Incentive: The referring user earns 5% for life.
TIPS:
• For every 5 cash out requests, you get a Golden Token which will give you $1-7. This results in an average 7.8% higher payments if cashing out at the minimum each time.
• If you contact support, you can request to have your payouts issued at the minimum cashout amount rather than for your full balance. This will let you make the most out of the Golden Tickets.
 

PrizeRebel [International*]

PrizeRebel is a GPT (Get-Paid-To) site. They have many offer walls and survey providers available. You can earn bonus points for meeting your daily goals, and they have bi-monthly contests that reward the top earners. They also have a Level program that allows you to earn a bigger percentage from your referrals, prize discounts, special bonuses, and automatic prize processing. Level up by earning more points. — Payment Proof.
*The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 16
↪ Offers: Surveys, Offer Walls, Tasks, Videos, Coupons, and Earning Contests.
↪ Payout: [Minimum: $2] Amazon, PayPal, VISA, Wal-Mart, Best Buy, Raffles and many more.
↪ Referral Incentive: 15-30% of what your referrals earn for life.
TIPS:
• Meet your daily goal each day to earn bonus points.
 

Fetch Rewards Invite Code: V3DVK [US, Puerto Rico]

Fetch is an app available for both Android and iOS where users earn money for scanning receipts and for purchasing specific products or brands. You get points for every receipt from a grocery retailer, supermarket, club wholesaler, home improvement/hardware store, pet store or convenience stores, regardless of what you buy. You can get additional points for purchasing specific products or specific brands. Receipts cannot be more than 2 weeks old. It can also be set it up to passively collect e-receipts. — Payment Proof.
↪ Age minimum: Age of majority in your jurisdiction (Usually this is 18).
↪ Offers: Cash back for scanning receipts and buying specific products or brands.
↪ Payout: [Minimum $3] Amazon, Target, Best Buy, Xbox, Applebee's and many more.
↪ Referral Incentive: Both the referrer and the referred user get $2-5 when they scan their first receipt. The exact amount varies depending on the current promotion. This is close to or above the minimum cash out amount.
TIPS:
• Make sure to check for rebates on any items you regularly stock up on.
• You don’t need to add rebates before purchasing items.
 

Ibotta [US, Puerto Rico]

Ibotta is an app available for both Android and iOS that gives cash back for shopping at Ibotta's retail and then scanning your receipts to prove what purchases were made. They currently support around 160 stores. Most offers are for newer brands, but they often have well-known names such as Glade or Kraft. They also regularly have cash back deals for "any item" or "any brand". You can also get cash back for shopping on sites such as Amazon and various services such as meal delivery. — Payment Proof.
↪ Age minimum: 18
↪ Offers: Cash back.
↪ Payout: [Minimum $20] Paypal, Venmo, Amazon, BestBuy, Starbucks and many more.
↪ Referral: Referred users get a $20 Welcome Bonus after redeeming their first brand name receipt. Referring users get $5 for each referred user who receives their welcome bonus. They also often run bonuses for referring a certain number of users during the month.
TIPS::
• Always check for the "Any Item" rebate before scanning a receipt.
• Check your account for bonuses. They often have bonuses for redeeming certain groups of rebates or for redeeming a certain number of rebates within a time limit.
• You can link your Facebook account in order to participate in teamwork bonuses with friends.
 

GamerMine [International*]

GamerMine is a GPT site founded in January of 2017 that values the experience of their users. With over $115,000 USD paid out to their users over 25,000 withdrawals, they've earned the trust of many members of the beermoney community.
↪ YourSurveys Direct Integration - Complete the highest paying surveys on the market, directly sourced from YourSurveys and tailored to your profiling info.
↪ Steam Reward - Get paid by wearing our brand/gaming with it on Steam.
↪ Daily Bonus - Claim a bonus everyday that scales with your level. More earnings, higher daily free. Top members are earning up to $1.00 USD per day!
↪ Age minimum: 13
↪ Inventory/Item System - Earn boosters that can be used whenever you want to increase your earnings on an offer.
TIPS:
‌• Leaderboard - Daily/monthly that auto-rewards the highest earners in the period.
 

Amazon Mechanical Turk [International*]

Mturk is a platform that allows clients to post a large number of jobs. It is a bit more professional than the typical /beermoney site. You work for "requesters" and they can approve or reject your submitted tasks, also known as HITs. You can earn a lot more money on this site than other typical /beermoney sites, but you need to pay attention to which jobs you accept. Not all HITs pay well. They do require some sensitive information from you for tax purposes. Not everyone gets approved to work here, and some people will be approved months or years after being rejected. — Payment Proof.
*This site is international, but most of the tasks are only available for the USA. International users can only redeem Amazon.com balance.
↪ Age minimum: 18
↪ Offers: A large number of tasks including Surveys, Transcription, Translation, Website Testing, Data Entry and much more.
↪ Payout: [Minimum $0.01] Amazon.com Balance and Amazon Payments Balance. Amazon Payments Balance can be transferred to a bank account.
Note: All Amazon Balance is for the USA Amazon.com website regardless of your country.
↪ Referral Incentive: None
TIPS:
• Only do HITs that pay at least 10¢/minute. This gives you a rate of $6/hour. Mturk crowd forum and /hitsworthturkingfor are good places to check for higher paying HITs.
• It is better to return a HIT than to submit to if you are unsure whether the requester will approve it. Returning a HIT will not negatively affect you, but a rejection will.
Scripts are allowed and encouraged. Checked /mturk for more tips and suggestions.
 

UserTesting [International*]

UserTesting is a usability testing site. You get paid to record your screen and speak aloud while performing a number of specified tasks. These tasks are generally related to testing a website or an app, but some tests may have you complete a survey, play a game, test new software, etc. At the start you may receive $3 sample tests, but after a while you will see $10 unmoderated tests. Moderated tests start at $30 per test, and usually require you to have a webcam. Payment arrives via PayPal exactly 7 days after your test is completed. — Payment Proof.
*The site is International, but most earning opportunities are for US, UK, CA and AU.
↪ Age minimum: 18
↪ Offers: Usability testing
↪ Payout: [Minimum: None] PayPal
↪ Referral Incentive: None.
TIPS:
• Completing the unpaid surveys at the top may qualify you for additional tests.
• Make sure to follow instructions carefully, keep talking, and be professional. Keeping a high quality rating is essential if you want to receive plenty of tests.
 

GetUpside [USA - Select states*]

GetUpside is an app available on both Android and iOS that gives you cash back on gas, groceries and restaurants. You can get up to $0.25 per gallon of gas (or up to $0.50 per gallon twice per day), 15% on groceries, and 35% at restaurants. Some gas stations offer cash back on convenience store purchases, car washes, inspections, oil changes, etc. GetUpside also gives you a map of all the participating gas stations in your area, and you can get additional points for confirming or fixing the prices.
↪ Age Minimum: 13
↪ Offers: Cashback on gas, groceries and restaurants.
↪ Payout: PayPal ($1 fee if under $15), Check ($1 fee if under $50), Amazon, Home Depot, Target, and many more. [GC Minimum: $10]
↪ Referral Incentive: The referred user gets $0.15-$0.20 off per gallon of gas on their first purchase. The referring user gets $0.01-$0.02 per gallon from direct referrals, and $0.005-$0.01 per gallon for indirect referrals for life. Amount varies per person. As of 05/18/20 (not sure how long it will last) new users who sign up with the link above get a $7-$14(varies per person) bonus if they buy at least $10 worth of gas.
TIPS:
‌• You must make your purchase with a debit or credit card. Cash, prepaid cards, gift cards, and EBT are not eligible forms of payment.
• You only have 4 hours to make your gas or restaurant purchase after claiming the offer. Grocery offers have 24 hours. All receipts must be scanned within 24 hours from when you claim the offer.
 

Cash Back From Shopping Online

These sites give cash back on your online purchases. Online purchases require you to click their affiliate link prior to shopping. Ebates US has in-store offers as well. In-store purchases require you to link a debit/credit card and to active the offer prior to shopping. Most of these sites are International, but your shopping opportunities may be limited, and you will only get paid in the associated currency. — Ebates Payment Proof.
 
TIPS:
• Make sure to click on the "Shop Now" or “Get Cashback” button before adding items to your cart. Otherwise, your shopping trip may not count.
• You can only use one shopping portal per shopping trip. Attempting to use more than one may cause problems crediting your account.
• Disable any ad blockers while shopping.
• For US Users: Sometimes you can earn more cash back on Ebates or TopCashBack than the other for a particular store. Check both sites if you want to get the most cash back for each purchase.
For TopCashBack UK Users: New users are automatically enrolled into the Plus membership. Downgrade to the Classic membership to avoid being charged £5/year.
 
Rakuten (Ebates) US TopCashBack US Rakuten (Ebates) Canada Ebates KR Rebates JP TopCashBack UK TopCashBack IN TopCashBack 中文
Age 18 18? 18 18 18 18 ? ?
Payout Minimum $5.01 $0.01 $5.01 CAD KRW 5,001 ? £0.01 ₹0.01 $0.01
Payout Types Check, PayPal VISA, PayPal, ACH, Gift Cards Check, PayPal Bank, PayPal, Naver Pay ? Master Card, PayPal, BACS, Gift Cards, British Airways Amazon Pay, NEFT, Paytm PayPal, Amazon, UnionPay
New User Bonus $10 $10 $5 CAD KRW 5,000 ? ? ₹100 ?
Referral Incentive $25 $10 $10 CAD KRW 5,000 ? £5.00 ₹200 $10
Some information is missing due to translation difficulties and signup problems. Please let us know if you know any of this missing information.
 
 

Sites to Avoid: Definitely DO NOT post these.

Earnsanity — Shady owner, sketchy site. Held giveaway and then refunded the prizes after it was over. History of scamming many others. AVOID AT ALL COSTS UNLESS YOU WANT TO BE SCAMMED.
Paidverts — Shady owner, sketchy site. Keeps doing debt swaps (cash to BAP). Do not post.
Neobux — It isn’t really a scam, but they operate as a pyramid scheme. There’s money to be made online, but it’s definitely not there.
MarketGlory — It does pay out, but the pay is absolutely ridiculous. The only way to make a decent amount of money is to have a lot of referrals, and referral whoring on this subreddit WILL result in a permanent ban.
MindSumo — Not actually a /beermoney site. It’s only spam in this sub.
G2A — Scam/sells stolen keys.
Robinhood — This is spammed on our sub constantly.
Quickthoughts — Many reports of people being banned when trying to withdraw as of 10/2018. Do your due diligence before possibly wasting your time on this app.
Sites with $100+ minimum — These sites usually offer higher than normal payments for simple tasks, with a high minimum to cash out. They are always scams.
Generic news sites that pay you ridiculous amounts to read an article (two euros??) — Common sense should take care of this, but in case it doesn’t, it’s always a scam. The site is usually hosted somewhere in Eastern Europe, and you will never get paid.
Free bitcoin sites/"faucets" (THIS INCLUDES QOINPRO) — This is not referring to those video-viewing/task sites (although they’re still paying fragments of a penny). I’m talking about sites that give you 0.000001BTC to fill a captcha (freebitco.in, dailybitcoins). Admittedly many beermoney sites pay low, but don’t even bother with these.
Also: Bitcoin mining is NO LONGER PROFITABLE. If you're really so keen on getting bitcoins, doing so through an exchange is your best option.
Here are a few more scam sites and sketchy sites.
 
 
Please note that presence on this post does not imply that /beermoney or its moderators endorse the site or their views, actions, or policies. This list simply contains sites that are used by a large number of our users or are frequently mentioned on our subreddit.
We frequently monitor data from all the sites on this list from various sources to ensure that users are able and interested in utilizing them and if they do, that they also are getting paid promptly and fairly for all work they do. We make adjustments to this list and the order of sites accordingly based on all the data we receive.
 
Please make sure you follow the Rules of our subreddit and if you ever have any questions about anything beermoney related, please take a look at our extensive FAQ which should answer almost any question you might have.
submitted by beermoneymods to beermoney [link] [comments]

FAQ & Daily General Discussion - January 5th, 2018

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.
 
Guidelines for posting in this thread:
 
Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:
 
Be respectful to one another. Follow the golden rule. No trolling or shilling.
 
Guidelines for posting new threads:
 
Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)
 
The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf
 
The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf
 
Let's keep a decent overview of other, more practical questions :-)
 
Guide to set up your wallet https://www.reddit.com/RaiBlocks/comments/7bw77e/how_to_setup_your_desktop_wallet/
 
How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/
 
My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.
 
What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.
 
What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!
 
The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).
 
My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back
 
We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!
 
What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.
 
Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.
 
What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.
 
What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.
 
What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.
 
How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping
 
Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!
 
How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.
 
Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.
 
What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb
 
What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.
 
Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.
 
Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!
 
Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).
 
Want to try out the instant transactions without any fees? Check out This link
 
Daily update of data.ldb for 1st sync Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.
 
Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by Crypto_Jasper to RaiBlocks [link] [comments]

FAQ & Daily General Discussion - December 29, 2017

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.

Guidelines for posting in this thread:

Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:

Be respectful to one another. Follow the golden rule. No trolling or shilling.

Guidelines for posting new threads:

Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)

The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf

The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf

Let's keep a decent overview of other, more practical questions :-)

How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/

My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.

What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.

What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!

The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).

My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back

We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!

What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.

Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.

What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.

What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.

What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.

How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping

Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!

How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.

Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.

What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb

What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.

Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.

Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!

Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).

Want to try out the instant transactions without any fees? Check out This link

Daily update of data.ldb for 1st sync (December 15th, 2017) Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.

Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by AutoModerator to RaiBlocks [link] [comments]

FAQ & Daily General Discussion - December 26, 2017

FAQ below, daily discussion in the comments!
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.

Guidelines for posting in this thread:

Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:

Be respectful to one another. Follow the golden rule. No trolling or shilling.

Guidelines for posting new threads:

Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)

The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf

The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf

Let's keep a decent overview of other, more practical questions :-)

How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/

My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.

What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.

What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!

The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).

My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back

We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!

What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.

Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.

What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.

What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.

What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.

How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping

Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!

How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.

Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.

What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb

What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.

Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.

Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!

Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).

Want to try out the instant transactions without any fees? Check out This link

Daily update of data.ldb for 1st sync (December 15th, 2017) Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.

Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by AutoModerator to RaiBlocks [link] [comments]

FAQ & Daily General Discussion - December 28, 2017

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.

Guidelines for posting in this thread:

Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:

Be respectful to one another. Follow the golden rule. No trolling or shilling.

Guidelines for posting new threads:

Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)

The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf

The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf

Let's keep a decent overview of other, more practical questions :-)

How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/

My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.

What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.

What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!

The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).

My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back

We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!

What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.

Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.

What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.

What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.

What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.

How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping

Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!

How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.

Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.

What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb

What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.

Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.

Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!

Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).

Want to try out the instant transactions without any fees? Check out This link

Daily update of data.ldb for 1st sync (December 15th, 2017) Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.

Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by AutoModerator to RaiBlocks [link] [comments]

FAQ & Daily General Discussion - January 7th, 2018

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.
 
Guidelines for posting in this thread:
 
Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:
 
Be respectful to one another. Follow the golden rule. No trolling or shilling.
 
Guidelines for posting new threads:
 
Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)
 
The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf
 
The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf
 
Let's keep a decent overview of other, more practical questions :-)
 
Guide to set up your wallet https://www.reddit.com/RaiBlocks/comments/7bw77e/how_to_setup_your_desktop_wallet/
 
How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/
 
My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.
 
What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.
 
What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!
 
The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).
 
My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back
 
We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!
 
What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/
 
We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.
 
Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.
 
What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.
 
What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.
 
What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.
 
How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping
 
Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!
 
How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.
 
Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.
 
What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb
 
What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.
 
Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.
 
Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!
 
Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).
 
Want to try out the instant transactions without any fees? Check out This link
 
Daily update of data.ldb for 1st sync Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.
 
Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by Crypto_Jasper to RaiBlocks [link] [comments]

NANO #AMA ON BINANCE SPANISH TELEGRAM GROUP!!

Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers.
-(Admin) ¡Welcome Binancians to our following AMA!
I will explain how AMA works; we will have three (3) segments.
Segment #1: I am going to ask to our guests five (5) questions and then they will answer them.
I will be explaining the rest of the segments as we conclude one of them.
-(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you?
- (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now!
-(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well!
-(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you.
Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project?
-(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals.
-(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team.
Here you can find all the weekly updates: https://nano.org/en
Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later?
-(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol.
-(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it!
My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask.
Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method?
-(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives.
-(Admin) This is incredible! thanks for your answer!
Can you tell us about what the Open Representative Vote is about and how it protects the network?
-(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
-(Admin) Very good! The last question on my part:
Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about?
-(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us.
-(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f
Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community
https://www.youtube.com/watch?v=eh9pA8UCUrI
Can you tell me what we see in this video?
-(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency.
- (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use!
-(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption.
- (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever!
-(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate
Segment 3, community questions
Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions?
A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less.
Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it?
A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network.
Q - Do you have any short or long term projects so that transactions using $NANO were anonymous?
A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions.
Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS
A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible.
Q - (7 questions made from one persone at once)
  1. How do you manage to make your transactions virtually instantaneous?
  2. How do they create part of the company's livelihood if no fees are charged for transactions?
  3. Why does $ NANO consume so little electricity?
  4. Requirements for a medium-sized company to adopt nano correctly as a means of payment?
  5. Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation?
  6. What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued?
7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees?
A - (Colin)
  1. Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction.
  2. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money.
  3. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient.
  4. You can run a nano node with 40-60$/mo using cloud virtual machines
  5. Nano pow is just a more efficient way to slow people down from sending transactions to the network
  6. The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money.
Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence?
A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available.
Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today?
A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before.
It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure.
Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment
A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area.
Q - What plans do you have to close this 2019 to increase adoption in Latin America?
A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon!
Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground?
A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available.
- (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys!
@AndyNano It was amazing to meet you, I learned a lot from you
@FundacionNanoVE Thanks for making this happen! excellent work
@nano_isam Thanks for everything buddy!
-(Zach) Can we ask a question to the channel?
What are the top things Nano can do to help you in your daily lives?
-(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen?
A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need
A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most
A - encrypted file in a pendrive
A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano!
-(Colin) Question: Are there barriers to using Nano in your country right now?
A - No barriers in Venezuela
A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO!
A - There should be no barriers to the payments we wish to make, freedom above all
-(Colin) Fantastic!
- (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers!
submitted by AlejandroZD58 to u/AlejandroZD58 [link] [comments]

FAQ & Daily General Discussion - December 27, 2017

FAQ below, daily discussion in the comments! /RaiTrade for all price and trading related posts
Welcome!
As only 2 stickied threads are possible, we have decided to combine the "Are you new here" and the daily discussion thread. XRB is attracting more and more people, both veterans and newbies in the cryptoworld. As XRB is quite a bit different than other coins/blockchains, it's normal that a lot of users have (the same) questions. So please, before making a new thread, read this post first and use the search bar! Threads that are created which contain a question to which an answer is available here, will be locked and directed to this post.

Guidelines for posting in this thread:

Questions, debates, meta issues, etc are all welcome. Breaking news should be posted separately from this thread. Rules:

Be respectful to one another. Follow the golden rule. No trolling or shilling.

Guidelines for posting new threads:

Is your thread something that does not fit in the daily thread or in another 'general' thread? Do you have a question, and it's not in the list below? Do you have exiting news to post? Did you use the search bar first? Good, go ahead :-)

The Whitepaper: In logical order, we start with the whitepaper. It contains the complete details about RaiBlocks, including some more technical details. Even if you're not technical, take a quick look at it. It will explain a lot! https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf

The FAQs: Now the technical FAQs, a document explaining how it works, how it compares to other coins, ... https://raiblocks.net/media/RaiBlocks_FAQ.pdf

Let's keep a decent overview of other, more practical questions :-)

How do I buy or store XRB? Check out these guides: https://www.reddit.com/RaiBlocks/comments/7i0co0/the_definitive_guide_to_buying_and_storing/ https://www.reddit.com/RaiBlocks/comments/7iv89b/how_to_buy_xrb_without_waiting_for_a_transaction/

My desktop wallet isn't syncing! Do the numbers between the brackets still move? Good. The numbers before the parentheses are the number of blocks the wallet has verified, the numbers between parentheses is the amount of downloaded-but-not-yet-verified blocks. Is the wallet unlocked? Good, it needs to be unlocked to be able to sync. Still nothing? Go to 'accounts' - 'use account'. Still nothing? Close the wallet, reopen it.

What is a representative? Ah, so you haven't read the whitepaper haven't you... When conflicting blocks arise, a vote will have to be cast on which block to accept. Since you won't be online 24/7, you can outsource your voting power to a representative, who are online 24/7. They cannot access your funds, and you can change it anytime.

What is the incentive to run a node? Apart from helping the network and making it more secure, this user gives a detailed answer: https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

My transaction isn't visible in my wallet or it says 'not pocketed' on the block explorer! Is your wallet fully synced? Yes? Good, it needs to be completely synced before it will show your balances. Nothing? Go to "https://raiblocks.net/account/index.php?acc=ADDRESS HERE". Do you see the transaction there (as 'not pocketed')? Good, that means that it's just a matter of showing it in your wallet, the coins are linked to your address already. In your wallet, go to 'Accounts' - 'Use account', 'Back', 'Advanced' - 'Search for receivables'. Did it work? Good. If not, go to 'Advanced' - 'Account explorer', hit refresh. Still nothing? Close/kill the wallet and reopen it. Still nothing? Go to 'Advanced' and change the unit from Mxrb to xrb and back to Mxrb. Stillll nothing? Fine, make a thread!

The syncing is sooo slow!! On HDD, it can take a couple days for it to sync. Why? Every block is only 400bytes in size, they all need to be written on your HDD. SSD takes about 12h. Check the bottom of this post for a shortcut if you use HDD (or SSD and have no patience :-) ).

My withdrawal from BitGrail/Mercatox isn't working!! BitGrail and Mercatox are having quite some issues, both due to a bug in their RaiBlocks node, and because of being overwelmed. They have to do each withdrawal manually. Log a ticket and have patience! Mercatox support: https://mercatox.com/support BitGrail support: to be added when they're back

We need a new exchange & website & ...!! Indeed, large exchange would be super!. But before that, we need a new website, mobile wallets, ... Those are in the make. Don't ask about the new exchanges, no one knows!

What is the incentive to run a node? There is no monetary reward, but tread this post/comment! https://www.reddit.com/CryptoCurrency/comments/7j4xgt/i_just_sent_1000xrb_from_one_wallet_to_anothedr4l587/

We're limited to 7k TPS, how's that scalable!? The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.

Does the receiver account have to be online when I create my send transaction? No, whenever the send transaction goes out, the funds are "not pocketed" by the receiver. The funds are as good as the receivers and cannot be revoked by the sender. "Not pocketed" funds do NOT expire.

What are "not pocketed" funds? A transaction consists of a "send" and a "receive" transaction. During the period where a "send" doesn't have its partnering "receive" transaction, the accounts are considered "not pocketed" by the recipient. "Not pocketed" funds are securely the receiver's funds. Once the receiver's wallet comes online, is fully synced, and unlocked, the funds will automatically be signed into their account chain.

What are the requirements to run a node? Currently the only real recommendation is to have a fast storage medium, such as an SSD instead of HDD. This is because currently the full node software does a lot of disk I/O for rapidly processing transactions. This may change with future full node versions that better utilize available system RAM and relax disk I/O.

What do the numbers at the top of the desktop wallet mean? The numbers will look like: processed (unprocessed downloaded) Where "processed" is the number of downloaded blocks that your node has processed, and "unprocessed downloaded" are blocks that your software has downloaded but not processed yet. To be fully synced, all blocks must be processed. As new transactions are created on the network, they will be downloaded into the "unprocessed" category to be subsequently processed.

How can I run a full node? The desktop wallet is already a full node! Just by running it you are helping

Can I send funds to my wallet before it is synced? Yes. Funds can be sent to any "xrb_" address, even if they were created in an offline environment. RaiBlocks is exactly the same as ethereum or bitcoin in this sense. The funds will show up when the wallet is fully synced with the network. Make sure to back up your seed!

How do I backup my wallet? Just write down your seed and keep it in a safe place. All accounts generated from that seed will be generated again (in order) when you restore that seed.

Can I reuse an address? Yes, unlike IOTA you can reuse addresses like in Bitcoin and Ethereum. Please understand the reasoning for this; IOTA does this because it is a drawback to the quantum-proof digital signature algorithm they use. RaiBlocks' current digital signature algorithm is not quantum proof, but the devs have expressed interest in changing to a quantum-proof algortihm as the field matures and quantum computers become a more significant threat to the network.

What's up with the units? Currently the ticker XRB on exchanges represents 1 Mxrb (or million xrb). As the name suggests, 1Mxrb = 1000000 xrb. The smallest unit of RaiBlocks is the raw. There are 1024 raw in an xrb, or 1030 raw in an Mxrb/XRB. Whenever people are talking, they are generally talking in XRB or equivalently Mxrb

What is the max supply? The max supply is 133,248,290 XRB. For units see the question above. Why this number? Well RaiBlock's value is kept in a uint128 variable (unsigned 128-bit integer). An uint128 has max value (2128)-1, which is approximately 340,282,366,920,938,000,000,000,000,000,000,000,000. This was the original number of "raw" in RaiBlocks. RaiBlocks was distributed via a Captcha faucet distribution system; of which 133,248,290 XRB were distributed. Due to some non-technical issues, the faucet distribution was cut short and the remaining quantity was burned. This leaves just 133,248,290 XRB (approximately 133,248,290,000,000,000,000,000,000,000,000,000,000 raw) circulating.

Can someone access my funds even if I use a password (desktop wallet) Yes. The password feature of the desktop wallet just encrypts the seed locally on your computer. If anyone gets access to your plaintext (unencrypted seed, the thing we tell you to backup) they have access to your funds. The benefit of the password is that if someone has access to your computer, they don't immediately have access to your raiblocks.

Whats a seed? What's a private key? Whats a public key? Any time you set up a Raiblocks address (such as creating a new wallet) , you will be provided with a "Seed" which is 64 characters of text that is unique to your wallet. Do not store your seed online (e.g do not screenshot, email or save it in a file) because anyone with the seed can access all accounts on it and take all of your Rai! The reason why it is provided is so that if for any reason you need to recover your account(s) you can do so without the original wallet you created the account on, so keep it safe!

Tips & Tricks * Transferring BTC between exchanges can be expensive and relatively fast (think hour(s)), or cheap and slow (think a few days). LTC or ETH transfers are faster, but make sure to check the discrepancy in BTC-LTC or BTC-ETH prices on markets with low volume! * 1 XRB as bought on an exchange is 1 million xrb, aka Rai. 1 Rai = 1024th raw, the smallest units on the RaiBlocks network. * 'Not pocketed' can stay like that indefinitely. If you want to spend the coins, you'll have to sync your wallet and create a 'RECEIVE' block though (this is done by Advanced - Check for receivables in the desktop wallet).

Want to try out the instant transactions without any fees? Check out This link

Daily update of data.ldb for 1st sync (December 15th, 2017) Want to skip the long sync time? Save your seed, check Readme.txt if you are going to use this method to speed up 1st wallet sync! Confirm the checksums/links in the #support channel at https://chat.raiblocks.net/. It's usually posted by SergSW. This link or this slightly newer one will guide you through it, but use the links below for the most recent files.

Find the latest updated DB files in the wiki page: https://www.reddit.com/RaiBlocks/wiki/index
Make sure to read the readme.txt!!
submitted by AutoModerator to RaiBlocks [link] [comments]

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