Decimal Wiki - User contributions [en]

Category:Instructions

2023-07-14T14:49:33Z

Decimax: Created page with "Category:DecimalWiki"

[[Category:DecimalWiki]]

Multi-signature

2023-07-14T10:21:23Z

Decimax:

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|title= Multi-signature
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= Multi-signature =

'''Electronic/digital signature''' allows you to confirm the authorship of an electronic document (whether it is a real person or, for example, an account in a cryptocurrency system). The signature is linked to both the author and the document itself using cryptographic methods, so it cannot be forged using ordinary copying.

'''Multi—signature''' is a scheme for implementing an electronic signature, which for its reliability requires T keys from a group of N members, where T is less than N.

Multi-signature requires the cooperation of at least T members of a group of N participants. The private key is divided into N parts, and any T parts are enough to restore it. Multi-signature is implemented as a check of the specified conditions, which is carried out by the basic system of cryptocurrency scripts.

== What is Multisignature used for ==

Multi-signature is used to complicate the operation in order to share responsibility or increase security.

The sharing of responsibility implies that several people must collectively make a decision on the transfer of funds, which is recorded using the use of a personal digital signature. An example is a situation where a company has two or more owners. In order to spend a significant amount, they must come to an agreement, while the subjects may be located in different parts of the globe.

[[File:Wiki-1fe3357141a4188c104888ed07e2d238.png|800px|center]]

Multi-signature security is achieved due to the fact that the keys required for signing are stored on different devices. For example, one is on a computer, and the other is on a smartphone. In order to seize the funds, an attacker must gain access not only to a computer that is connected to a cryptocurrency wallet, but also to other devices or storage locations that contain other private keys.

== Multi-signature on DecimalChain ==

Addresses with multi-signature are available on Decimal. This is very convenient when allocating funds or simply making a joint decision when there are several independent participants and consensus conditions between them. For example, funds are withdrawn from the common wallet only if 80% of the company's participants agree to it (four out of five participants).

=== Three types of transactions are implemented to implement the functionality: ===

==== CreateMultisig ====

CreateMultisig creates a wallet with a multi-signature, indicating the owners, the weight of their vote and a threshold value (for example, three out of five or two out of three). A multisigned address is generated with the addition of a data string, which is passed to the hash function along with the input data array (prototype) to calculate the hash (image). This is done to allow you to create many addresses with three identical parameters and save them to the repository.

==== CreateTransaction ====

CreateTransaction creates a transaction to withdraw the specified number of specified coins to the specified address, the creator of the transaction immediately signs it. Each such transaction is assigned a unique identifier.

==== SignTransaction ====

Other owners of a multi-signature wallet can request unconfirmed transactions at this address, their parameters and identifiers. After that, they simply send a SignTransaction type transaction to the blockchain, in the parameters of which there will be a unique transaction identifier from paragraph 2. After verifying the signature, the number of collected "votes" from the transaction increases in accordance with the subscriber's weight in paragraph 1. If the threshold value is reached, the operation is executed, funds are transferred, the balances of the multi-signature address and the recipient's address are changed.

As a result, thanks to this scheme of interaction of multi—signature participants, we exclude offline communication between them. At least it becomes optional.

[[Category:Commoninfo]]

Coins:rrunion

2023-07-14T09:22:40Z

Decimax: /* RRUNION */

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[[File:Coins-photo 2021-03-22 22-36-28 2 .jpg|thumb|right|400px]]
'''RRUNION''' is a custom token of the 'RRU' command.

The RRU team develops projects in various blockchains, in particular, specializes in the creation of CRR tokens. It has also already presented several projects for DeciamChain, such as a calculator for delegating custom tokens, a validator and other projects useful for the network.

= History of coin creation =

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The 'RRUNION' coin was created on March 24, 2021 with a CRR of 69%, an issue of 169777, and a reserve of 2000 DEL.

'''The price at the time of creation is 0.017 DEL'''

The coin was created in order to increase the profitability of the base DEL coin during delegation, as well as for use in various projects of the team.

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= Advantages of the token =

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'''High delegation price''' - when delegating, the coin retains most of its price. At the same time, due to the constant redemption of the coin, the rewards will also grow over time.

'''Moderate volatility''' - due to a CRR of 69%, the coin shows a fairly stable behavior in the market.

Delegation is a slow process, which means that the coin price must be stable enough to correctly calculate investment risks.

'''Constant growth''' - the RRU team constantly buys the coin at its own expense, and also attracts third-party investors to its projects.

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= Economics and Calculations =

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In this section, we will look at how the coin will behave when certain reserves are reached and how it can be used.

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=== Calculation table ===

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We will take data from the custom token delegation calculator created by our team.

To begin with, consider the change in price and price in delegation. In this table, we can see how the value of the coin will change with an increase in the reserve. The delegation price is calculated based on the assumption that 93% of all coins will be delegated.

[[File:Coins-snimok_ehkrana_2021-11-25_v_13.54.19.png|1000px|class=mediacenter]] [[File:Coins-snimok_ehkrana_2021-11-25_v_13.55.23.png|1000px|class=mediacenter]]

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= Yield chart relative to DEL =

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[[File:Coins-snimok_ehkrana_2021-11-25_v_13.55.39.png|1000px|class=mediacenter]]

In this graph, we can observe how the delegated stake of the coin will change with the growth of the reserve. For convenience in calculations, the income from delegation is taken as 8% per month and an increase in the initial stake by 5 thousand DEL per month.

The graph shows that at the beginning, when buying a token, its value in delegation is inferior to the yield of DEL, but with the increase in value, the amount is recalculated and overtakes the base coin.

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= Benefit for coin holders and delegators =

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As can be seen from the table and graph , in this case , the benefit can be obtained in two ways:

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'''Hold and sell at a higher price'''

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'''Delegate and increase the stake''' and accordingly increase the rewards from this stake

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Thus, this coin can be attractive both for delegation and for investing without delegation, and also by buying this coin you help the team to develop their projects and the blockchain as a whole.

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[[File:Coins-photo_2021-03-22_22-36-28_2_.jpg|400px|class=mediacenter]]
[[File:Coins-snimok_ehkrana_2021-11-25_v_13.54.19.png|1000px|class=mediacenter]] [[File:Coins-snimok_ehkrana_2021-11-25_v_13.55.23.png|1000px|class=mediacenter]]
[[File:Coins-snimok_ehkrana_2021-11-25_v_13.55.39.png|1000px|class=mediacenter]]
[[Category:Coins]]

User:Decimax

2023-07-13T18:59:20Z

Decimax:

This account is a technical clone of [[User:CryptoUser|CryptoUser]], the current admin of this Wiki.

[[Category:User pages]]

User:Decimax

2023-07-13T18:57:09Z

Decimax: Created page with "This account is a technical clone of CryptoUser, the current admin of this Wiki."

This account is a technical clone of [[User:CryptoUser|CryptoUser]], the current admin of this Wiki.