Initial Commit

README.md

@@ -1,2 +1,117 @@
-# derosuite
-DERO: Secure, Private Blockchain with Smart Contracts.
+# DERO: Secure, Private Blockchain with Smart Contracts
+
+**DERO project :  Cryptonote + Smart contracts + Lightning fast transactions.**
+
+DERO blockchain is a complete new blockchain supporting privacy on cryptonote protocol and smart contracts with lightening fast transactions.
+DERO blockchain will be implemented in Golang.
+
+We are pleased to announce first release update of DERO blockchain.
+
+**NOTE: DO NOT MIGRATE to this daemon. This is strictly for evaluation.**
+LINK:
+
+In the first status update release, following parts of cryptonote has been rewritten in golang.
+
+At present, Golang DERO daemon can sync and verify blockchain with the existing DERO network.
+
+For specific details of current DERO core implementation and capabilities, see below:
+
+1.  **Cryptonight Hash:** This is an ASIC resistant, memory-bound algorithm. This provides assurance that all miners are equal. ( No miner has any advantage over common miners).
+2.  **Wire protocol (90% completed):** This protocol is used to exchange data between 2 DERO daemon nodes. At this point, Go daemon  can connect to C daemon and vice-versa, sync blockchain and exchange, already possible. Complete interoperability has been achieved. This has 3 sub protocols:
+   1. **Levin Protocol:** Bottom most layer, basically message framing.
+   2. **P2P Protocol:** Handshake exchange, P2P commands and timed synchronization.
+   3. **CryptoNote Protocol:** This layers controls exchange of blocks, transactions and blockchain itself.
+3.  **Pederson Commitment:** (Part of ring confidential transactions): Pederson commitment algorithm is a cryptographic primitive that allows user to commit to a chosen value  while keeping it hidden to others. Pederson commitment  is used to hide all amounts without revealing the actual amount. It is a homomorphic commitment scheme.
+4.  **Borromean Signature **: (Part of ring confidential transactions):  Borromean Signatures are used to prove that the commitment has a specific value, without revealing the value itself.
+5.  **Additive Homomorphic Encryption **: Additive Homomorphic Encryption is used to prove that sum of encrypted Input transaction amounts is EQUAL to sum of encrypted output amounts. This is based on Homomorphic Pederson commitment scheme.
+6.  **Multilayered Linkable Spontaneous Anonymous Group (MLSAG) Work-in-Progress:** (Part of ring confidential transactions): MLSAG gives DERO untraceability and increases privacy and fungibility. MLSAG is a user controlled parameter ( Mixin) which the user can change to improve his privacy. Mixin of minimal amount is enforced and user cannot disable it.
+7.  **Core-Consensus Protocol implemented**: Consensus protocol serves 2 major purpose
+   1. Protects the system from adversaries and protects it from forking and tampering.
+   2. Next block in the chain is the one and only correct  version of truth ( balances)
+8.  **Proof-of-Work(PoW) algorithm:**  PoW part of core consensus protocol which is used to cryptographically prove that X amount of work has been done to successfully find a block. To deter use of specialized hardware,  an ASIC resistant, memory bound  cryptonight algorithm is used in DERO project.
+9.  **Difficulty algorithm**: Difficulty algorithm controls the system so as blocks are found roughly at the same speed, irrespective of the number and amount of mining power deployed.
+10.  **Serialization/De-serialization of blocks**: Capability to encode/decode/process blocks .
+11.  **Serialization/De-serialization of transactions**: Capability to encode/decode/process transactions.
+12.  **Socks proxy:** Socks proxy has been implemented and integrated within the daemon to decrease user identifiability and  improve user anonymity.
+13.  **Interactive daemon** can print blocks, txs, even entire blockchain from within the daemon 
+14.  **status, diff, print_bc, print_block, print_tx** and several other commands implemented
+15.  GO DERO Daemon has both mainnet, testnet support.
+16.  Tree-hash for transactions (based on keccak): This merkle root allows user to verify transactions as needed without adding transaction body to block header.
+17.  BOLT Database: DERO Blockchain uses BoltDB for future scalability and low latency reads.
+18.  Enhanced Reliability, Privacy, Security, Useability, Portabilty assured. For discussion on each point how pls visit forum.
+
+
+
+The daemon is only for limited testing and evaluation purposes only.
+
+
+
+**NOTE: DO NOT MIGRATE to this daemon. This is strictly for evaluation.**
+
+
+**NOTE:** Following limitations apply in the current golang version.
+
+- Go Daemon has hard-code seed node address.
+
+- RPC interface not exported
+
+  ​
+
+
+For technical issues and discussion, please visit https://forum.dero.io
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