Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
This is just one aspect being developed:
Improvements over this mixing solution are due to include the following features:
* Master Nodes These nodes handle the mixing through random selection -
Quote
They are responsible for being the authority of what goes into the joined transaction each session.
eduffield, 21 February 2014 https://bitcointalk.org/index.php?topic=421615.msg5282966#msg5282966* I2P:
Quote
I'm implementing I2P into the masternodes. We're going to have our own private network just for DarkSend.
eduffield, 10 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6643662#msg6643662* Ring signatures are going to be implemented in V2.
Quote
I will begin development immediately after I opensource V1.
eduffield, 12 May 2014. https://bitcointalk.org/index.php?topic=421615.msg6686819#msg6686819*IP obfuscation 12 May 2014
https://bitcointalk.org/index.php?topic=421615.msg6694377#msg6694377
Fundamentals, gotta have those fundamentals
I was actually one of the people promoting integrating ring signatures into DRK, but someone (AlexGR?) noted that one issue is that it renders masternodes obsolete. This is a problem when a significant portion of the total coins is held in masternodes and they would no longer be 'locked up' - i.e. supply shock. It also removes the interesting quasi-PoS aspect of DRK, which might be a powerful economic factor in DRK's value. On the other hand, if the masternodes were retained, then it's an antiquated 10% tax on miners, which (in the long run) would be passed on to users doing transactions.
Thoughts, eduffield and others? The ideal case seems to be to improve DarkSend with another solution that retains the utility of the masternodes.
(In unrelated news, Zerocoin/ZeroCash is releasing a conference paper very soon with significant changes that some of you may be interested in.)
I had the exact same thought, but Masternodes are also going to be the private I2P relays. So there's that at least. They have a lot of potential outside of the coinjoin aspect. Decentralized exchange, decentralized marketplace, whatever else Evan thinks up.