Quote from: StoneSoup on February 20, 2018, 01:28:36 PM

Quote from: AzulikProject on February 20, 2018, 07:47:52 AM

Quote from: derderder on February 19, 2018, 12:23:09 AM

Why aren't the private transactions free aswell?

A very interesting question - thank you for bringing it to our attention.

Firstly, to understand it better we must delve into all that is represented by the Delegate Proof of Stake (DPOS). Simply put it is a protocol where all the users (owning coin) delegate their vote to a representative. The vote is then weighted by the balance of the wallet. In the end the representatives, which act like the minors to maintain the network, will validate the transaction whereas at least 51% of the network must validate a transaction for it to proceed. The 51% is determined using the entire portfolio of wallet balances.
Hence having a private wallet means that the balance will not be displayed. The DPOS will therefore not function. To bypass this issue we have develloped a public wallet and an alias private wallet. The public wallet delegates his voting rights to a representative as the balance is public. Take into consideration we now have a public and a private wallet.

Lets say there are no fees. Its clear all users would prefer to enjoy the privacy feature and in turn keep their coin shares in the private wallet- yet this would lead to the issue of running the DPOS off track as the representative would no longer be legitimate as they would represent a very small part of the network. Therefore the fees in place are an incentive to make people keep their coin in their public wallet and run node.

Furthermore, 1% of the fees will be used to remunerate the nodes, and 99% of the fees will be paid back to the network depending of their number of shares in coin. Hence, in average, if the number of transactions are higher than the number of user, each user will get back 99% of the fees paid. The 1% remaining will allow a more decentralized network for both public and private transactions. On top of that, public transactions remain free of charge, and the fee for private transactions will be very very low.

I'm not sure I understood fully but would it be possible to use a separate coin (like Gas is to Neo) but with very little or no value for the payments? Introducing a fee is always going to be unpopular I think but if the fee coin is really cheap and plentiful then maybe it won't matter. I'm thinking it should be like one ten thousandth of a cent or something like that.

Anyway thanks for answering the question. Hope all is going well with the coding, any updates are very welcome and reassuring.

Can you give us more details about the two coins, why do you think it would be better ? Do not hesitate to tell us which point isn't clear.

Quote from: BaladinC on February 20, 2018, 02:18:04 PM

To me its a very smart approach, indeed, if you dont have fees all user would store their coin in the private wallet, hence Sybil attack would be much easier to perform.

I really see how to use it in daily life, I receive funds on my public wallet, they are public, but as long as its not possible to link me with these transaction its all good.

So basically on my mobile wallet I will have my public and private wallet, I can transfer immediately some funds from my public to my private wallet, and they become untraceable as nor the transaction nor the balance can be accessed right ?
Yes you are right.
And let say I go buy a coffee, I use my private wallet to pay, Ill pay a small fee, and in the end of the day Ill get back fees depending of my balance on my public wallet ?
Yes you got it
Hence it means If I spend coin using my private wallet my fees will be paid back, if I dont spend Ill be remunerated to delegate my vote to a representative, to me it sound amazing as long as the fee is low.

It's like a freemium version of Nano, it's like XRB for public transaction, but if you want another feature it's possible but for a very small fee.

Quote from: anglais on February 20, 2018, 07:14:44 PM

Are you still checking azulikproject@yandex.com email?

No we don't please send us private message.