PPoS Test Report from Community Member
Tags: Btc, Smart Contracts, Defi, Crypto, Anonymous

2020.3.14

Darmacash Website

This is Solensson. I am a crypto investor. My twitter is https://twitter.com/Solensson1.

Today I bring you the DPoS test experience of the DarmaCash project. DarmaCash should be the most promising anonymous project I have seen so far. The entire project team should have rich experience. Whether it is technology or the overall progress of the project development, it reflects the quality of a mature team. I currently guess its members are probably from the Monero community.

To understand this article, you only need to have some basic computer knowledge. For friends who do not have any IT background, I hope that after reading this test experience, you can feel like me that the project will be successful.

If you also want to test the DPoS beta version of DarmaCash, you can apply to the community administrator Lamp, and he will basically send you the test program immediately. You can reach Lamp at https://discord.gg/psH7Wjv or https://t.me/DarmaCash

I will demonstrate the Linux version here. There is no difference between the Windows version and Linux. When our lovely community manager Lamp gives you test software, you will have two files, darmad and darma-wallet-cli. Put these two software in your Linux server directory, then grant them execute permissions, and you can start testing. The other files in the figure below are automatically generated, except for dmc.sh, a small script I wrote, you can ignore it.

Execute below command to create your test wallet and get your testnet wallet address:

./darma-wallet-cli –testNet

I believe you must be able to follow the prompts to complete the creation of the testnet wallet and obtain your testnet wallet address. If you have doubts here, it means that your IT background is weak, you can go to DarmaCash’s Discord server for consultation, we are all there.

Execute below command to run DMC PoW node and mine test DMC to your wallet:

./darmad — testNet — mining-address=YOUR TESTNET DMC ADDRESS — mining-threads=1

It will run the DarmaCash daemon and mine DMC to your wallet address. Note you have to wait the database synced (around 3GB) and 50000 DMC to play with DPoS. Again, ask our lovely community manager Lamp, he will give you address to download latest testnet database for fast sync and give you some DMC to test.

Running a DPoS node is slightly more complicated than running a PoW node. We need both wallet and DPoS node live. Come to our Discord if you can’t figure out how to run DPoS. I also found that DarmaCash team is very careful in design. I know your effective reading will be crashed by my long test words, so I plan to explain that part in the next article if I have time. Some parts about DPoS as below:

Create DPoS Stake Pool

Run DarmaCash wallet at testnet and then type “e” to start prompt mode, execute command “register_stake_pool”, enter your “wallet password”, “pool name”, “Vote Address”, “Reward Address”, “Stake Pool Fee”, etc.

Once you done above steps, 50000 DMC will be locked and you will get your “Pool id = e6d9feff8ca4f78ad769496a104fa485cce43459f884dec77edd01e1e8c14ec9”. This pool id can be used by others to PoS their DMC through their wallet directly (Of course, you will get profit by operating a pool) which is really a cool part of DMC DPoS. I will do a demonstration later.

You can run list_stake_pool command at Darmad daemon to show the created stake pool

Do PoS your dmc directly at your wallet

Run DarmaCash wallet at testnet and then type “e” to start prompt mode, execute command “buy_share”, enter your “wallet password”, “ Pool ID”(the one we create above, because we want to do PoS at our own pool), “Reward Address”, “ Stake Amount”, etc.

Above picture shows that votes cost is 1000 and I use 350,000 DMC to buy 350 votes. Wait some time and you can see your wallet get income now.

Now we check our darmad daemon and we can see the voting success info as below

I personally think that the DarmaCash project has great potential. BlockDag-based DPoS anonymous projects have the potential to hit the top 20, or even the top 10. In addition, the anonymity of the project developer also keeps the project from beheading, which is very important for an anonymous project. A risk here is whether the early miners will dump their coins just like these days BTC price drop, but I think these issues will gradually become clear under the balance of interests, ecology, and markets. I personally have begun to buy DarmaCash project tokens through OTC. I think this project will have at least 2 to 10 times profit in the short term, and 100 times in the long term. It is recommended that 80% short-term + 20% long-term investment ratio.

I am Solensson, you can follow me at https://twitter.com/Solensson1.

This article can be reposted but be sure to retain all information.

What is DARMA Cash?

DARMA Cash (DMCH) is a high-speed blockchain which aims to integrate state-of-the-art privacy technologies on the basis of Monero (XMR) to achieve truly private addresses, concealed financial data, masked identities, traceless IP, private Smart Contracts and DeFi based on Oracle and atomic swap technology.

DARMA Cash Project v2 is the next generation of DARMA Cash blockchain v1. Consensus algorithm is PoW+PPoS(We call the decentralized PoS without node restrictions Pool PoS, or PPoS) based on original cryptonight. DARMA Cash is industry leading blockchain to have bulletproofs, TLS encrypted Network. PPoS and smart contracts will be launched in this version.

Specifications:

Block size: 1.5MB

Consensus: PoW+PPoS

Premine: 3% (All is donated to community by project team)

Algorithm: CN (ASIC friendly)

Block time: 15seconds

Max emission: 460 million(DMCH)

Confirmation time: 180 seconds

Speed: 70 TPS

Official Links

Website：http://www.darmacash.com/

BTT：https://bitcointalk.org/index.php?topic=5193031.0

Community Links

Telegram：https://t.me/DarmaCash

Discord：https://discord.gg/MZTc5Hu

Twitter : https://twitter.com/CashDarma