Jump to content
Sign in to follow this  
honeybyte

FAQs

Recommended Posts

What kind of Blockchain is CasinoCoin?

CSC is a Consensus Ledger, a Ripple Fork.

Is CasinoCoin minable?

No. CasinoCoin is a Consensus Ledger and therefore not mineable.

Can you stake CasinoCoin?

No.

What is the Total Coin Supply?

40 billion CSC (capped).

What is the average confirmation time?

It is 3-5 seconds.

What is the transaction fee?

The transaction fee is 0.001 CSC. Can be adjusted by the validator nodes every 250 blocks.

Does CasinoCoin support Multi-signing transactions?

Yes.

What is the account activation minimum?

10 CSC.

Why is there an account activation minimum?

The CSC Ledger applies reserve requirements, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. The goal is to constrain the growth of the ledger to match improvements in technology so that a current commodity-level machine can always fit the current ledger in RAM and the full ledger history on disk.

To submit transactions, an address must hold a minimum amount of CSC in the shared global ledger. You cannot send this CSC to other addresses. To fund a new address, you must send enough CSC to meet the reserve requirement.

What is a Validator or validating node?

Validating Nodes are managed by the CasinoCoin Foundation, in order to maintain security. The CasinoCoin Foundation will initially control 80% of all Validating Nodes running to ensure the integrity and will validate all transactions on the network.

Whats the minimum validating nodes required?

5 - Supplied by the Foundation and trusted third parties.

How many validating nodes are needed to reach ledger consensus?

80% of all available Validators.

What is a Community Relay Node?

Community Relay Nodes (CRN) help to spread the global span of the network and to handle the load of transactions. They act like Wallet Servers.

When will Community Relay Nodes be launched?

Testing of CRNs will begin in Week 20 of 2018.

Whats the minimum required balance for running a community relay node?

1,000,000 CSC.

Whats the reward for running a Community Relay Node?

A Pro-rata share of transaction fees issued every 1,024 ledgers automatically paid via blockchain.

What are the CRN Rewards Eligibility Qualifying Requirements

User must set up a server node running the full ledger history

Community Relay Nodes will be identified via Community Relay Node Key. Only Community Relay Nodes with a valid and authorized Community Relay Node Key will be accepted by the network and be eligible

The user must register and supply name, address, Community Relay Node Key and contact information to be eligible to run a Relay Node

Every Relay Node must run from a unique fixed IP address

The user must configure an SSL secured WebSocket on the Community Relay Node to have its users connect to it (can be a free Letsencrypt certificate)

The server must be configured and comply with Domain Verification using the SSL certificate that runs the WebSocket

The Relay Node Fee Calculation Window is set to 1024 ledgers and may be changed in the event the transaction amount increases dramatically, or if the CasinoCoin Foundation decides in its sole discretion to discontinue the CasinoCoin Foundation Rewards program

The Community Relay Node Account ID must contain exactly 1,000,000 CSC during the fee calculation window to be eligible for receiving the CasinoCoin Foundation rewards

The Server Node must have a 100% connection status during the Fee Calculation Window to be eligible for receiving CasinoCoin Foundation Rewards

The Server Node must have a response latency of < 250ms to be eligible for receiving CasinoCoin Foundation Rewards

The maximum number of accepted Community Relay Nodes is set to 1000 nodes

Users are allowed to run a maximum of one Community Relay Node per region according to the Region Overview

Community Relay Nodes that can not be reached for more than 168 hours will be dropped by the network and need to be resubmitted to be accepted again. The user might lose its slot due to a timeout if there is a backlog of CRN registrations.

NOTE: Rules and/or CasinoCoin Foundation Eligibility Requirements may be changed, added or removed by the CasinoCoin Foundation at any time and in its sole discretion

The calculation and eligibility determination for CasinoCoin Foundation Rewards cannot be disputed in any way whatsoever, and all CasinoCoin Foundation decisions are final

Not complying with CasinoCoin Foundation directions, rules, or terms and conditions will result in a user being permanently excluded from the CasinoCoin Foundation Rewards eligibility list

For an oversight or regions please check https://casinocoin.org/specifications/

*I am a developer, where can I find resources to develop things? *

Check this: https://casinocoin.org/build/index.html

Where can I find the Blockexplorer?

https://explorer.casinocoin.org/

Where is the source for the wallet and daemon?

Both can be found here: https://github.com/casinocoin

How to find CSC on social media?

Where can I buy and trade CasinoCoin?

You can trade CSC here:

How to export or import my private keys?

This is actually pretty simple:

Export:

  • Open your wallet and click on Tools → Export Private Keys
  • Choose a location by picking the folder you want to store the keys in and click select folder. Done
  • If you want to verify the file, navigate to the where you just stored the file and open it with an editor of your choice.

Import:

  • Open the wallet and click on Tools → Import Private Keys
  • Navigate to the key file and select it
  • You will be prompted to put in your CURRENT password
  • It might take a few seconds until your account is imported

What is a destination tag/memo ?

The Destination Tag is used to determine what account a given transaction should be assigned and credited to. This is because all exchange accounts use a single CSC deposit address.

Why is the destination tag/memo needed?

Without it the funds will be credited to the account but the exchange does not know what user should receive the funds. They then have to manually search for your transaction and credit it to your account and in the case of Cfinex will charge a fee to do so.

When will the CRN test phase start?

Closed testing will start on the 1st of June 2018.

When will CRNs be launched?

The launch of CRNs is planned for the 1st of July 2018. Please keep in mind that delays are possible, dependent the testing phase.

Can I still join the Beta Testers?

Beta testing applications are now closed. If more people are needed we will re-open the application.

How many CRNs can I run?

The limitation is one CRN per person, per region. This means you can run a total of seven CRNs, one in each region. Please see this page for information on specifications and regions.

Who can run a CRN?

CRNs can be run by individuals and businesses.

Will there ever be more than 1,000 CRNs on the CasinoCoin network?

For our current estimation, 1,000 CRNs are appropriate for the market, with room to scale up.  However, we are dedicated to ensuring that we can address the needs of the market as they change, and we will continually review if more CRNs may be required.

Will there be a limit for CRNs per country?

No. But if, for example, 200 applications for CRNs (the limit for Europe) are made for Germany, we will need this to spread more evenly across Europe. The foundation would handle this with individual operators if it occurs.

What hardware do I need to run a CRN?

We recommend the following specs to run a CRN:

  •             OS: Ubuntu 16.04
  •             CPU: Minimum 2 Cores
  •             RAM: Minimum 4GB
  •             HDD: Minimum 200GB (SSD not mandatory)
  •             Port Speed: Minimum 100 Mbps
  •             A TLD (Top Level Domain) you can control
  •             An SSL Certificate (e.g.: Let's Encrypt)

Can I use subdomains to bind them to my SSL Certificate?

Yes.

Can I run a CRN on a VPS?

Yes, but you need to make sure you meet our standard recommendations.

How do CRNs earn CSC?

Every ~1,024 Ledgers the network will calculate all burned fees and reimburse them in equal shares to all active CRNs.

Are there any estimates on how much you can earn with a CRN?

No. However, you can find a calculation sheet here that has dummy estimations.

Will transactions be segregated to different regions and calculations run based on that split?

No. The calculation is based on the network-wide number of transactions. Every ~1024 Ledgers.

Can I run a CRN from home?

Assuming you meet all our requirements and have a fixed public IP, yes.

Why do I have to provide all my personal data to the foundation to run a CRN?

We are working in a regulated environment and need to ensure all our actions are accounted for with due diligence. In addition, having KYC helps us to ensure no bad actor is entering the infrastructure and ecosystem. This way running a CRN is fair and benefits all parties involved.

Will the Foundation trade or sell my personal data?

No.

Will there be any legal issues for people running a CRN?

If cryptocurrencies are legal in your jurisdiction then running a CRN should not pose a potential risk; however, if you are uncertain as to the risks involved in running a CRN you should seek legal advice in your jurisdiction as CasinoCoin will not be liable for any legal issues, in any jurisdiction, that arise from your running of a CRN.

How do people queue once 1,000 CRNs are running?

People will enter a waiting list. When someone drops out, the next person on the waiting list will be contacted. It will be on a first come, first serve basis.

Are CRNs running as a hot or cold wallet?

CRNs will run as cold wallets which means you will hold the collateral on your local system.

Will the foundation monitor CRNs and tell people if they are down or having other issues?

No. People who operate CRNs are required to monitor the system, and their own CRN activity.

  • Like 2

Share this post


Link to post
Share on other sites

What is the difference between the Recovery Passphrase and the Account Secret (also known as the private key)?

Recovery Passphrase

As the wallet precisely describes: "In case you lose your wallet password, it can be recovered using the Recovery Passphrase [...]"

Unlike most QT's, the CSC wallet requires a password to access your accounts, send coins, add accounts, etc. If you lose that password, you can use the Recovery Phrase to get access again. It's the "I forgot my password" version of online accounts. This will only work if you have the 8 words that were shown to you during the setup.

 

Account Secret aka Private Key

If you export your private keys, you will end up with a file containing some text like this:

Quote

[{"accountID":"czyzyzyzyzyzyzyzyzyz","publicKey":"010101010101010101","privateKey":"02020202022020220022020","secret":"f0hvd0vsdd23ewergv","encrypted":false}]

The Important thing you have to backup/write down in order to recover the account is:

Quote

"secret":"f0hvd0vsdd23ewergv"

The secret allows you to import your account to other wallets and/or recovering it when necessary. 

 

But what does private key and public key mean?

Your secret generates your key pair which has a public and a private key, your public key can be converted to a base58 accountID.

  • Thanks 1

Share this post


Link to post
Share on other sites

How to Import an existing Wallet, like your Desktop Wallet to your Mobile Wallet

First of all, we need the accounts secret in order to be able to import it. If you haven't exported your Key yet, you can do it the following way:

Click Tools -> Export Private Keys

gRiNdST.png

Enter your password

8lDVOOb.png

Select a location where the file should be stored to. Don't be confused you have to select a folder.

Evff1nd.png

You will get a message that it worked.

xPiNw4u.png

Navigate to the previously selected location and look for a file with a file name like: 2018-09-04-19-26-21-e9f94216-b6a4-fdab-39b1-f4929fecc971.keys (YOURS WILL HAVE A DIFFERENT NAME!!!). Open that file with any kind of editor, I am using Sublime here. The file will look something like this:

FOUpkei.png

The part we are looking for is the "secret" bit. Write it down. You will have to type it on your Mobile Wallet without the "".

Head to your Mobile and open your wallet. On your main screen click on "+Add Account"

 

3p39ga7.jpg

Now Click on "Add Existing Address"

ZZcqDPC.jpg

Type in the secret you just wrote down, leave the next field blank, choose an Account Nickname and enter your password in the last field. Keep in mind that's not the PIN it's the password you chose when setting the wallet up. Once all info is in hit "Import Account".

ZpYbrU9.jpg

If all went correct you will get a message telling you so.

MeRJEPR.jpg

You will be asked to take a backup. I recommend you do that. Once that's done just log out from your wallet and open it again.

zmlQPxS.jpg

If you open your wallet now, you will see the account you just imported.

km8dq4F.jpg

That's it!

  • Thanks 1

Share this post


Link to post
Share on other sites

I’ve locked the thread to keep its integrity as there is excellent information in it. If someone wants to add more FAQ’s contact a mod to unlock it. 

Thanks

 

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

×