A Special October Update For Mimble & Wimble Finance Enthusiasts!

A Special October Update For Mimble & Wimble Finance Enthusiasts!

• There is a referral mechanism in place, so that when you bring new users to the platform you permanently start to earn a portion of the fees they pay, purchases they make, and listings they pay for. Once a referred user uses a referral code it will be saved to his or her profile, and (s)he also gets discount on every payment. To stimulate each other! Note: By making your first payment you automatically make a profile you can re-use.
• Many badges can be earned by using ATLAS and certain other activities in the MW Ecosystem. Each badge gives you Achievement Points (AP). For reaching a certain amounts of AP you can unlock special rewards such as more listing card designs to use on ATLAS.
  Today, you can earn your first badge, the “Early Believer” badge, by financially contributing to us for the development of ATLAS. Read more about this below in the “How to Contribute?” section of this article.
• The account system used for ATLAS will be fully migrated onto blockchain technology once this is ready for deployment. This to make ATLAS and its user data fully decentralized.
• All listings will be verified by our staff and/or partners such as Effect.ai with Effect Force.
• Each listing can earn tips of any ATLAS visitor to showcase its popularity and the amount of satisfied individuals. This instead of likes or reviews. A new form of rating!
• Many more features will be announced later next month when we present you a preview of ATLAS.

ATLAS will be deployed in several phases, expect the first phase to be launched in Q1 2020! Then, anyone will finally be able to quickly find where to use your crypto, from purchasing flight tickets to cars and more.

Financially ++ Ever since the first Whitepaper had been launched a lot has changed. First of all, we are not going to hold an ICO or STO as we initially had in mind. This because we believe the concept of it is outdated, and juridically restricts a lot of people from participating in our project. The plan is to continue the development of our products via the revenue that ATLAS will generate, the sales of Supernodes, Vaults, and several other contributions from those that believe in us. Ever since January we used our own funds to kick-start this company, now the moment has come that we are confident to receive contributions to polish this jewel.

Supernodes? Yes, for the blockchain technology we will deploy in 2020 to decentralize and secure the MW Ecosystem, we are in need for those willing to run a Supernode. It will initially also be the only way to obtain Mimble & Wimble Coins. The maximum amount of coins that can be generated is limited to 10.000.000. Click Here to find the MWC generation calculation.

As you can see in this document there will be several alternative ways to generate Mimble & Wimble Coins. ATLAS makes it potentially very interesting for you to own a Mimble & Wimble Coin, this because each coin will earn a portion of the profits the Mimble & Wimble ecosystem makes.

Lets dive into the nodes we will use for the network:

Supernodes are crucial to the decentralizing factor of the block production on the Mimble & Wimble Chain. The main function of a Supernode is to produce blocks, and additionally to verify other Supernodes, Masternodes, and Datanodes. We limit the maximum number of Supernodes to 2100. This results in that the Mimble & Wimble Chain can produce blocks, and verify other nodes fairly quickly (XXXX TPS, t.b.a.). It is also the task of a Supernode to verify and process transactions when there are no (or not enough) Masternodes available yet. Additionally, the Supernode will also take on the function to store account data in a hashed manner whenever there are no (or not enough) Datanodes available.

In the event that Supernodes are not sold out before the deployment of the Mimble & Wimble Chain, it will only be possible to become a Supernode by burning a Masternode.

Masternodes can be seen as the processing layer right below the Supernodes. The Masternodes of the Mimble & Wimble Chain exist in order to easily increase the chain’s Transaction Speed per Second (TPS). Masternodes take on the task to process transactions made on the Mimble & Wimble Chain.

A unique situation comes to existence on this blockchain because Masternodes do not have to verify other Masternodes, this role is appointed to the Supernodes, therefore, transactions do not have to be processed by all Masternodes, 4 should be enough to do so. An example, there are 400 Masternodes (M), a transaction is sent by a User A, now the value of the transaction goes on a random Masternode walk of 4, from User A to M1, M56, M31, M22, then arrives at User B. Each of the 4 Masternodes communicates this to a 5th Masternode, which in turn puts it into the row for the next block to be produced by the Supernodes.

In the event no (or not enough) Masternodes are present, this process is done by Supernodes. To create a Masternode, 1000 MWC has to be burned (can be regenerated).

Datanodes are crucial to increase the memory capacity of the data used in the Mimble & Wimble Ecosystem. As this task is delegated to Datanodes, it won’t reduce the transaction speed nor the verification speed of Supernodes or Masternodes. It lowers the computing pressure on Supernodes or Masternodes, as these will initially function as a Datanode until Datanodes are created. An account holder on the Mimble & Wimble Chain has to burn 100 MWC in order to become a functional as Datanode. Each dataset of an account is ran among 21 Datanodes, so if a few go down or get lost, it won’t affect you. In any case, your dataset will then automatically be delegated to a replacement Datanode.

We will show you a demonstration of the network in Q1 2020.

It is now possible to purchase a Supernode by making a request per mail at sales@mw.finance (some last optimizes are done to our made to the online sales system, should be ready to use soonly) and according to the following scheme:

Published at Sat, 19 Oct 2019 17:14:28 +0000

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