I read somewhere here Viz saying that Merkle tree implementation in Nexus is in development, is this Merkle tree signatures what he was talking about?
SigmaX/Curecoin 2.0 will be using Merkle trees of Lamport signatures, Viz's implementation may (probably) differs it would be best to ask him to expand on his ideas but the basic principal is the same yes. I highly encourage anyone interested in cryptography to read the CC white paper it is very informative.
Hey! It is a lot of info, although it's a bit more concise here, the Bitcointalk forums have more of the design rational explained.
Currently, everyone has coins on only the 1.0 network--2.0 has not launched yet. At the launch of 2.0 coins, people will be able to convert 1.0 coins to 2.0, but they don't have to immediately. There'll be a fairly long grace period for people to convert their 1.0 holdings to 2.0.
Basically, it boils down to this: whether your coins are still on the 1.0 network or have been converted to the 2.0 network, they'll be eligible to receive SigmaX.
Timeline looks something like this: SigmaX beta (next week-ish), community testing. Curecoin 2.0 beta based on the SigmaX beta, community testing. Once we're happy with everything, Curecoin 2.0 full public launch. Then a few weeks later, SigmaX full launch.
Current plans are to do a time-released payout scheme on SigmaX. So basically, every week (for probably a year), either part of a premine or a block subsidy will mature on the SigmaX network. We'll aggregate all of the balances of users who wish to receive SigmaX (which everyone holding Curecoin should want, it's free SigmaX) on the cc1.0 and cc2.0 networks, and perform the appropriate payouts. This allows people to, during this year, fold to earn (or purchase on exchanges) Curecoin, and receive SigmaX.
People tie their cc1.0 or cc2.0 address to their SigmaX address by signing a message containing their SigmaX address with their cc1.0 or cc2.0 address. If someone on cc1.0 decides to move to cc2.0, they burn their coins, receive cc2.0, and sign the same (or a different) SigmaX address with their new cc2.0 address.
Why I am posting this here? in the case
Nexus has to go through a similar process and a
Nexus 2.0 had to be implemented to make it better, we could do the same thing, if big changes had to be made to the core, better be done early while very few people involved and little adoption than wait to have big infrastructure and tons of user like Bitcoin, where to make even a small change its like having a presidential election.
Quantum computers are a reality, not fiction not a dream anymore, Google has one already and they are finding ways to add more and more qubits to them to make them more powerful, and for some of the videos that I've seen on them they will be very good at braking encryption (fuckers), go to 5:40 minutes
https://www.youtube.com/watch?v=JhHMJCUmq28I will have a read to the white paper, still think
Nexus will bring massive changes to crypto