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Sr. MemberActivity: 416Merit: 250 🌋 ANN 🌋【VULC】Vulcano 2.0: A New Beginning ⚡ Masternodes ⚡ SwiftTX ⚡ Sporks August 24, 2018, 06:32:33 PM

Last edit: April 09, 2019, 07:19:19 AM by Take the red pill #1 Vulcano (ticker: VULC) is a community-oriented coin originally created at the end of 2017 by a now completely absent development team. Initially, it was conceived as only a "high staking coin" with an annual return of 950%. However, due to several errors on the part of the initial development team, the actual rate was closer to 320,000%. This passed unnoticed until a member of the community calculated this efective rate by examining the blockchain from the Genesis Block. Once this fundamental weakness was exposed, the new Vulcano team, comprised of members of the community, came together to both salvage the Vulcano project on both a technical and philosophical level through a complete rebuild and the development of a real use case. This whitepaper lays out a strategy for a total upgrade of Vulcano and a relaunch of the newly upgraded coin as a means to fund geothermal exploration and research.



Rather than simply xing the percentage rate problem with Vulcano, we have elected to completely upgrade the coin to a new code base. In order to best modernize the Vulcano Core, the Vulcano team has decided upon Bulwark as a code base. Bulwark is built upon PIVX, which itself is built upon the popular DASH cryptocurrency. This critical decision will give us the ability to implement masternode functionality, governance, and eventually allow the integration of hardware nodes to support the Vulcano ecosystem. In doing so, we will create a more truly decentralized system of governance and coin staking and network security.









⚡ Masternodes



Masternodes, taken collectively, are a decentralized web of computers that serve the Vulcano network. They perform important network functions and receive a portion of the block rewards. In addition to serving these basic network functions, they help by stabilizing the coin supply, processing transactions, and securing the network. Masternodes require 50,000 VULC and modest technical knowledge to operate.

Any wallet controlling 50,000 VULC can set up a masternode.



The Vulcano team has long term plans for introducing various types of nodes which will give rewards based on their contribution to a useful com-putational network. In this way, the challenge of "proof-of-work" can be sidestepped at the calculations being performed are not arbitrary calculations to secure the network, but functional calculations to contribute to the advance of sciences related to sustainability. Further information will be released on this proposal as further developments take place.



⚡ Obfuscation / Coin Mixing



As the new Vulcano Core code is based on Bulwark, it also features obfus-cation, which is done in a decentralized fashion facilitated by the network of masternodes. This provides an additional layer of privacy in transactions. While not perfectly anonymous, obfuscation via node mixing it is far superior to the standard Bitcoin transaction. For example, all Bitcoin transactions are transparent and can be easily followed across the blockchain. For Vul-cano, a nefarious actor would need to control at least 50% of the operating masternodes to have a greater than 0.5% chance of deanonymizing a single transaction that was mixed with 8 rounds of Obfuscation. This important feature provides a high-level of anonymity for VULC users that elect to obfuscate their transactions. While not intimately connected to the end use case of the Vulcano project, it provides a degree of consumer usability which enhances its value relative to other projects on the Cryptocurrency stage.



⚡ SwiftTX



SwiftTX provides masternodes with locking and consensus authority for transactions. When a transaction is submitted to the network, a group of masternodes will validate the transaction. If those masternodes reach con-sensus on the transactions validity it will be locked for later introduction into the blockchain, greatly increasing transaction speed compared to conventional systems (like Bitcoins 10 minute block times with multiple con r-mations). SwiftTX makes it possible for multiple transactions to take place before a block on the network is mined with the same inputs. This system is based on Dashs InstantSend.



⚡ Sporks



The new Vulcano network employs the multi-phased fork mechanism which was introduced in Bulwark and is known as "sporking". This will enable the VULC network to implement new features while minimizing the chances of an unintended network fork during rollout. Spork changes are deployable via the network and can be turned on and o as necessary without requiring node software updates. This feature is extremely useful and allows the network to react quickly to security vulnerabilities without requiring the input of individual users to manually update their wallet code.



⚡ TOR & IPV6 Masternodes



Vulcano will allow the user to run their full node or masternode from ei-ther an onion address or an IPV6 address. We have been working to add full TOR nodes to both strengthen the TOR network itself, and the Bulwark user experience operating in TOR only mode. A unique feature of TOR mas-ternode support is being able to operate your masternode as a TOR hidden service. TOR nodes enable users with stable internet connections to operate masternodes out of their home network without the privacy implications of revealing their location or the dangers of exposing their home network to the potential for attack or compromise.





Vulcano 2.0.0.0 Wallets available to download in Linux, MacOS and Windows 32bit & 64bit Version.









As usual Yobit is not cooperating with Coin Developers. Don't trade VULC at Yobit as they are not on the right blockchain!!!









is a community-oriented coin originally created at the end of 2017 by a now completely absent development team. Initially, it was conceived as only a "high staking coin" with an annual return of 950%. However, due to several errors on the part of the initial development team, the actual rate was closer to 320,000%. This passed unnoticed until a member of the community calculated this efective rate by examining the blockchain from the Genesis Block. Once this fundamental weakness was exposed, the, comprised of members of the community, came together to both salvage the Vulcano project on both a technical and philosophical level through a complete rebuild and the development of a real use case. This whitepaper lays out a strategy for a total upgrade of Vulcano and a relaunch of the newly upgraded coin as a means to fund geothermal exploration and research.Rather than simply xing the percentage rate problem with, we have elected to completely upgrade the coin to a new code base. In order to best modernize the Vulcano Core, the Vulcano team has decided upon Bulwark as a code base.is built upon, which itself is built upon the popularcryptocurrency. This critical decision will give us the ability to implement masternode functionality, governance, and eventually allow the integration of hardware nodes to support the. In doing so, we will create a more truly decentralized system of governance and coin staking and network security., taken collectively, are a decentralized web of computers that serve the Vulcano network. They perform important network functions and receive a portion of the block rewards. In addition to serving these basic network functions, they help by stabilizing the coin supply, processing transactions, and securing the network. Masternodes requireand modest technical knowledge to operate.The Vulcano team has long term plans for introducing various types of nodes which will give rewards based on their contribution to a useful com-putational network. In this way, the challenge of "proof-of-work" can be sidestepped at the calculations being performed are not arbitrary calculations to secure the network, but functional calculations to contribute to the advance of sciences related to sustainability. Further information will be released on this proposal as further developments take place.As the newcode is based on, it also features obfus-cation, which is done in a decentralized fashion facilitated by the network of masternodes. This provides an additional layer of privacy in transactions. While not perfectly anonymous, obfuscation via node mixing it is far superior to the standard Bitcoin transaction. For example, all Bitcoin transactions are transparent and can be easily followed across the blockchain. For Vul-cano, a nefarious actor would need to control at least 50% of the operating masternodes to have a greater than 0.5% chance of deanonymizing a single transaction that was mixed with 8 rounds of Obfuscation. This important feature provides a high-level of anonymity for VULC users that elect to obfuscate their transactions. While not intimately connected to the end use case of the Vulcano project, it provides a degree of consumer usability which enhances its value relative to other projects on the Cryptocurrency stage.provides masternodes with locking and consensus authority for transactions. When a transaction is submitted to the network, a group of masternodes will validate the transaction. If those masternodes reach con-sensus on the transactions validity it will be locked for later introduction into the blockchain, greatly increasing transaction speed compared to conventional systems (like Bitcoinswith multiple con r-mations). SwiftTX makes it possible for multiple transactions to take place before a block on the network is mined with the same inputs. This system is based on Dashs InstantSend.The new Vulcano network employs thewhich was introduced in Bulwark and is known as "". This will enable the VULC network to implement new features while minimizing the chances of an unintended network fork during rollout. Spork changes are deployable via the network and can be turned on and o as necessary without requiring node software updates. This feature is extremely useful and allows the network to react quickly to security vulnerabilities without requiring the input of individual users to manually update their wallet code.will allow the user to run their full node or masternode from ei-ther an onion address or anaddress. We have been working to add full TOR nodes to both strengthen thenetwork itself, and the Bulwark user experience operating in TOR only mode. A unique feature of TOR mas-ternode support is being able to operate your masternode as a TOR hidden service. TOR nodes enable users with stable internet connections to operate masternodes out of their home network without theimplications of revealing their location or the dangers of exposing their home network to the potential for attack or compromise.