Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [POW] [XHV] Haven Protocol - untraceable payments x stable value storage
by
aikida3k
on 24/06/2018, 23:01:21 UTC
I'm cross posting this here and on reddit because the devs never seem to be around on discord when I am around. So here goes:

I like the news flow from this coin and I am planning on buying more very soon. I like the idea of 2 coins, XHV and XHVD. I have observed another fork to avoid being minable through nicehash. I think there are also other solutions to secure against network attacks. First, I would like to see requiring staking XHV in order to mine and get POW rewards. Since there are 3 million coins out of over 18 million total, this is a good point in the effusion cycle to enable staking to mine. This will make a 51% attack more expensive. The attacker would have to acquire coins, driving the price upwards in order to attack. Higher prices draw more miners and thus more total network hashrate. The stake should be based on the amount of hash power contributed to the network: For example 10 XHV per 1 Mh/s. This also has the effect of locking up supply which over time the price lows will trend higher instead of having huge pumps and then huge downtrends that undercut previous lows. Another possible part of the solution is to require miners to accept a unique ID burnable into the blockchain by burning a very small amount of coin. In order to keep miners from gaming the system, limit the number of blocks that can be solved from a single ID. If a single ID is prohibited from solving consecutive blocks, a single ID cannot have its way with the blockchain and inject a coin base into the block chain to allow a double spend. If the miner uses multiple IDs to try and accomplish injecting a coin base the time required to confirm the movement of coin base should lead to failure or a prohibitively expensive attack. The other possible part of the solution would be to overlay a Distributed Ledger Network over the blockchain network and use trusted nodes that agree on the state of the network every few seconds; using a Distributed Ledger similar to what Stellar does but with privacy.

This is more decentralized than having to fork every so often.