Quote from: Vorksholk on April 27, 2017, 07:42:01 PM

Quote from: TroySmith on April 24, 2017, 06:00:30 PM

Proof of Signature Basic Introduction

The PoSign Mining is very easy to understand.

Each client (STaTiC Node) sees the same transactions and therefore each block is equally visible by the entire network. The STaTiC Nodes job with regard to the consensus is to simply sign the blocks. If any STaTiC tries to sign a fake block, the other STaTiC's will blacklist it and continue signing the VALID blocks.

For example:

Let's say there are 100 STaTiC Nodes online across the network and 1 tries to create a block that contains fake information (such as; fake transaction or bad blockhash etc...) This fake/bad block hash will be different than the other 99 hashes and therefore the other 99 clients (STaTiC Nodes) will send a warn/repair RPC message to the "bad" client. If the "bad" STaTiC Node repairs the block then the hash will become the same as the other 99. If it doesn't repair it and instead tries to resend over and over, the other nodes will eventually blacklist the STaTiC.

All other nodes (non STaTiC nodes) will see the last block that signed and how many STaTiCs accepted.

In comparison; Bitcoin and all other coins have only one untrusted, randomly selected node that signs and creates the block. With XBY, each block is created and signed by all the currently ONLINE STaTiC Nodes.

With XtraBYtes, there is no POW or POS mining to sign and verify the blocks. As we said, each online STaTiC signs and this is where you start to see the power of PoSign... Because, this means there are more signatures and more signatures = more security. Nobody can know all private keys from the STaTiC Nodes and therefore it is impossible to create fake STaTiC signed blocks.

At this point, we have ONLY 1 STaTiC node controlling XBY and the network is fast and secure...

After more STaTiCs have been registered on the network, XBY will be better than ALL other coins in the crypto world.

At this point, nobody really understands what is really happening here... We are developing THE COIN Wink

This is the LATEST INNOVATION in BLOCKCHAIN technolgy and our man Borzalom is the Genius Mastermind who thought of it.

So, to summarize:

If Bitcoin security is 100% (with untrusted nodes signing the blocks) How much more powerful is XBY when it is also (100% + the use of trusted nodes) * the number of STaTiC Nodes? Like I said... he was blowing my mind when he was explaining all this to me a few nights ago.

Congratulations to all of you who are already with XtraBYtes... You are way ahead of the people who will be coming on board soon.... VERY SOON...

I have a few questions about the specifics of your consensus algorithm.

I generally approach consensus algorithms from a few angles:
-What are the attack vectors (both in stalling consensus and in reversing established consensus)
-How is power distributed (and what effects does that have on censorship)
-How does it impact scalability (both in transaction volume and number of users)

With those main ideas in mind:
1. How does someone actually become a STaTiC node? Do they have to go through the developer, can they set it up themselves?
2. How do you ensure that each STaTiC node sees the same transactions? Further to that point, if I send two transactions that conflict with one another, and some STaTiC nodes see the first and some see the second, how do they come to agreement which transaction is the legitimate one?
3. What constitutes a 'fake' block?
4. How do normal nodes know who the STaTiC nodes actually are, to verify the signatures against? How do thin clients do it?
5. Are blocks deterministic (i.e. everyone on the network at any point would be able to construct an identical block)?
6. It appears every STaTiC node is able to independently create identical blocks, is that true?
7. What is the threshold for normal nodes to accept a block as valid (99% of STaTiC signatures? 51%?)
8. What prevents the creation of an alternative history if someone compromises the original private key of the first STaTiC node? Is the network only weakly-subjective?

Great questions but I think you will have to go to slack to get hold of the developer...he's understandably pretty busy right now.

The new website has a bit more info that might be helpful. Try to understand this project is in its birth pains now, it wasn't planned for months and now being released. You might be someone to help the project as they are looking for developers.

https://xtrabytes.tech