News – Vulcano

Rebranding Vulcano!

Introducing the new branding to replace Vulcano! Hello All! It has been quite the journey,

02/10/2019
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Introducing the new branding to replace Vulcano!

Hello All!

It has been quite the journey, and I thank you all for coming with us this far! Vulcano has come a very long way since we came into this space and began our effort to turn around this diamond in the rough.

The next step in this process is the rebrand which was mentioned in the Vulcano Trajectory Paper. While the name “Vulcano” resonates well for concepts like geothermal power, it does not convey the true breadth of what we are working to accomplish.

So, it is time for a fresh start!

Introducing Quoxent! (/ˈkwōSHənt/)!

Why this name? We wanted to find something that showed what we are trying to achieve and to share our bold vision with the world. What started with climate sensors and seismographs has now expanded to what we are building towards — the creation of a robust, data agnostic chain for the purpose of data transmission and verification for the IoT world.

Quo is a general Latin questioning word — it is part of every question, from “where” to “how many”…quo is what you must ask before you get any answers.

Ent on the other hand, for geeks like most of us, resurrects images of Treebeard striding across the landscape towards Isengard. However, the real meaning of the word comes from Old English and means, roughly, giants.

Quoxent — we ask and answer the BIG questions!

Keep watching for more details on the completion of the rebrand. Within the next 60 days, we will be releasing a new wallet, adjusting the exchanges, and switching all branding and media over to the new Quoxent name. Entities have been created, trademarks filed, and we are moving forward quickly!

Today is also a special day because we would like to announce that $QUO will be one of the first coins listed on the up-and-coming Bastion Exchange (https://bastionex.com/) We encourage all users of CoinExchange.io, BiteBTC, and NovaExchange or any other beleaguered exchange to go create an account on Bastion so that you can be ready when trading opens.

We are currently working with the other exchanges currently listing $VULC to prepare them for the transition to $QUO.

This is the beginning of a new era for Quoxent! Sign up at https://www.quoxent.com/ to stay up to date on the progress!

The Story of Vulcan “Blacksmith of Currency”

Back in March we introduced the Vulcano community to the two mascots that were created

20/07/2019
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The Story of Vulcana “Volcano Tamer”

Back in March we introduced the Vulcano community to the two mascots that were created

20/07/2019
Post Views: 791

Vulcano Prepares for a Data Eruption; $VULC Seismic Sensing Network Deployed

The Base Transceiver Station in Yan Yao, Thailand (photo was taken during setup before it

07/04/2019
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The Base Transceiver Station in Yan Yao, Thailand (photo was taken during setup before it was fully operational, hence the still disconnected power)

As the cryptocurrency world begins to wake up once again, Vulcano is excited to share a further development of one of the projects they have been pursuing all through the bear market.

Previously, Vulcano has shared the news that they signed a research partnership with Rajamangala University in Thailand. Several weeks ago, they also released news that the Seismic Sensing Network under development had entered the testing and telemetry phase of research. Today, they share the milestone that they have successfully managed the transmission of seismic data from their deployed sensor unit in Nang Buat, Thailand, over a distance of ten kilometers to the Base Transceiver Unit in Yan Yao, Thailand. This is one more milestone in the development of physical sensor packages designed specifically to interact with the $VULC Blockchain.

Google Earth imagery showing the locations of the Base Transceiver Unit and Seismic Sensor Network Node.

The next step will be to deploy a broader test network of multiple sensing units around an active seismic zone to calibrate these sensors and develop the software needed to interpret and combine the data they return. While a location for this testing has not yet been full determined, several locations are being discussed.

— Mount Papandayan in Bandung, Indonesia

— Santorini in Greece

— Stromboli in Italy

— Kilauea in Hawaii (United States)

Vulcano will continue to research and build, regardless of the conditions of the market.

Vulcano is a cryptocurrency project focused on using blockchain technology and research to redefine the fields of sustainability and renewable energy. You can find out more by going to Vulcano.io or by joining their Discord.

___

By Jason “Bitbender” Brink

I am a blockchain and distributed ledger evangelist and feel that we are at a watershed moment of global change due to the advent of new technologies. $VULC

First Vulcano Governance Coin Burn – 450,000 $VULC

This evening I have submitted a proposal to the Vulcano Governance System using the $VULC

29/03/2019
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Mandatory VULC Wallet Update and New Characters Revealed

We have come so far already but we are just getting started! This is a

19/03/2019
Post Views: 1,424

We have come so far already but we are just getting started! This is a two-part update! First, we would like to introduce you to Vulcan and Vulcana, the two mascots of Vulcano!

They will each be getting a more in-depth intro in the near future, but we can’t really release the wallet without telling you who these incredible characters are.

The second piece of news is that we are delighted to announce the release of a new $VULC Wallet (v2.1)! This is a MANDATORY upgrade! Check it out on our Github! https://github.com/VulcanoCrypto/Vulcano/releases/tag/2.1.0.0 Again, this is a MANDATORY upgrade. Back up your wallet.dat before attempting to upgrade the wallet. Your masternodes will need to be updated as well. This can be done by logging into the terminal on your MN server and inputting the following command:

bash <( curl https://raw.githubusercontent.com/VulcanoCrypto/Vulcano-MN-Install/master/update_node.sh )

If you have a Vulcano Home Node deployed, it will need to be updated using the following command:

 bash <( curl https://raw.githubusercontent.com/vulcanocrypto/shn/master/update.sh )

If you have any trouble, come see us in Discord and we will help you out! Another quick note! People have been asking “what about the price?!?!” This is the PERFECT time for you to tell friends and family about what we are doing. We have been working non-stop since taking over the project and the very best form of marketing is word-of-mouth. So, bring your friends into our Discord and Telegram, and give them some $VULC to get them started.

Vulcano’s Seismic Sensor Proof-of-Concept is Entering the Testing Phase

Several months ago, we announced that we had signed an MOU to enter into a

10/03/2019
Post Views: 1,372

Vulcano Funds Data Compression Research for use on the $VULC Network

When a volcano erupts, viewers see the power of the earth unleashed. With all of

02/03/2019
Post Views: 1,415

When a volcano erupts, viewers see the power of the earth unleashed. With all of this activity, it is easy to forget that the majority of a volcano’s power lies beneath the surface where nobody will ever see it — an eruption is just a pressure release valve for the limitless power beneath the surface.

This is the way we on the Vulcano Team are as well. At Vulcano, we’ve made a commitment to only discuss things that are already in progress. Some of these future development plans will be released in the very near future with the updated Vulcano Whitepaper. In the broader Vulcano economy, the movement, aggregation, compression, and verification is vital. With seismic and other sensor types coming online, the data collected by these external network components will needed to be integrated.

The purpose of this update today is to inform the community of another research opportunity which has been funded by the Vulcano Team. Soo Hyun Lee, a current student at Johns Hopkins University, is working on developing and testing a data compression model which will be used in concert with the seismic sensors, as well as other devices which are yet to have been released.* The research conducted by Ms. Lee will be vital to the long-term commercialization of the Vulcano network.

Data compression is often done by shortening clusters of repetitive characters. For example, if there is a string input of AAAABDFFF, this can be stored as A4BDF3. This saves storage space and the compression rate increases as the number of repetitive characters in a row increase. The Burrows Wheeler Transform (BWT) is a method of rearranging the characters of a string input. This method encourages the number of repetitive characters clustering next to one another. Even though it does not store the original string input, it simply re-clusters the characters with no loss of the actual input. Basically, it is a method of rearranging the data so that it becomes more easily compressible. This is particularly useful in compressing genomic sequences due to the high level of repetition.

While BWT is commonly used for compressing string input and genomic sequences, Ms. Lee will be exploring the expansion of its application to numerical data, such as that created by seismic sensors. This is not breaking new ground in terms of data compression, but it is laying the foundation for future work as VULC-enabled sensor devices and networks are constructed and deployed. Ms. Lee is a dedicated researcher and will be applying what she learns in this research context to future developments with Vulcano.

*Note: Ms. Lee, as an individual, has been given this research opportunity. She is a current student and her involvement with Vulcano should not be taken to mean that Vulcano has signed an MOU with JHU directly, as it has not. Funding for this has already been committed and a partial reimbursement for these funds is being submitted as the first governance proposal. The funding from this will not be sold for at least one year.

Audit Report

DOWNLOAD the full release here Greetings, Children of the Fire! One of the basic tenets

14/02/2019
Post Views: 2,171

DOWNLOAD the full release here

Greetings, Children of the Fire!

One of the basic tenets behind the Vulcano Project is transparency. As a community project, the Vulcano Team knows that we are beholden to the community – the community is the heart and soul of Vulcano, and we are here to serve your best interests.

A major concern that exists in many cryptocurrency communities surrounds what the team does with premine/team funds. Some projects, like Ripple (XRP), have massive numbers of coins held by their team that they have no specific policy in place to handle. This creates uncertainty in the community and stokes fear that these resources could be misallocated. Other teams have seen developers exit-scam with the premine, leaving the community abandoned, leaderless, and cheated. We shall not allow this to happen with VULC.

In the interest of transparency, we would like to release the first document concerning official team holdings, transactions, and future plans. Thankfully, due to the fact that all of this exists on a blockchain, any member of the community can audit these accounts to see what is being done with the team funds. As of right now, there are too few transactions to justify the expense of a third-party audit, but as we become more active, this is something that will be done in the future.

To the best of our knowledge, a report such as this has never been released to the community by a team detailing all expenses coming out of the premine. While there are many costs not accounted in this, as they are paid for out-of-pocket by the team in fiat (development costs, many marketing expenses, travel, exchanges, etc), this is a full accounting of the VULC premine, compiled to the best of our abilities.

Additionally, as this is the first time we have done this, there are some discrepancies due to best practices having not been in place when we first began. As far as we know, no other project releases information to their community like this, so there was no set standard for how things were to be handled. Going forward, this has been standardized and should be much easier to compile.

Notable Discrepancies are:

The Primary 3^rd Party Premine Wallet could not have specific transactions output because it had been moved to a new wallet as the Governance Nodes were set up and the old wallet.dat destroyed as a security precaution. Future releases will have a full and itemized transaction list.
The Community Marketing Fund wallet, managed by Nikita, was inadvertently set to staking. The funds staked, resulting in the generation of 77,350 VULC, which will be burnt in the future. For the time being they reside in the Team Premine Fund (TXID: 340a53985f8f4d1afef075f42e65c04f1a3b2fe4b9d3b1608391f6aff7a905a6). This transaction was sent after the closing date of January 31^st, so it will reflect on later reports.
The Trivia Fund, managed by Alice_Liddel, was used to test a soon-to-be-released initiative, the Masternodes for Charity project, which involved sending 30,000 VULC out of the wallet. This was to be returned by the end of the month but was returned late (TXID: 6d23b50b8f97a04103755b958ea69f937edf676e06c5665f1f709dc549e478cc). This is why it shows a discrepancy for the closing date of January 31^st.

Basic transactions are tracked on the blockchain and are relatively easy to follow but will not be included in this document. For many of these addresses there may be occasional PoS transactions or block rewards as the wallet is unlocked to send coins. Due to the automatic use of change addresses, some of these funds move through many different addresses in the same wallet. Where possible, we have included destination addresses, but have anonymized the names.

Note: Balances displayed are as of January 31^st, 2019.

Official Vulcano Team Holdings:

3^rd Party Premine Address:

Final Balance: 8,355,042.0000 VULC
Note: This account is held in trust by a 3^rd Party. It is used to set up, configure, and run the Governance Masternodes. The team has no direct access to these funds whatsoever.

As this wallet is used primarily for Network Security, it has been used to set up and run various Masternodes and to stake during the network stabilization phase. This resulted in the generation of 152,602.00 VULC, which will be burnt at a later date.

ACCOUNTING NOTE: 152,602.00 VULC TO BE BURNT

Governance Masternodes: 200 Masternodes Permanently Locked for Governance Purposes

Total Balance: 10,000,000 VULC

Note: On January 25^th, 2019, the Vulcano Team established 200 masternodes to complete testing on the next version of the Vulcano Wallet, which will include governance. These masternodes will stay permanently locked and will not be available for sale. Any VULC generated during the testing period via masternode rewards will be burnt publicly for the community to see at a later date.

The TXIDs of the Masternodes can be found here:

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0ab6cb700e04e64509838d916776cf1d51872df9955deca6320fa90bb73cd7d8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Team Premine Addresses:

Final Balance: 2,559,589.2498 VULC

Note: This is the main account for team funds. Several large transactions can be seen moving in and out to sub-accounts for dispersal for Trivia or Bounties. This address is managed by Vygur. This is the primary account for the payment of bounties and other daily expenses. There was a single stake of 175 VULC, which will be publicly burnt at a later date.

ACCOUNTING NOTE: 175 VULC TO BE BURNT

Community Marketing Wallet

Final Balance: 0 VULC

Note: This was an account which made transactions for community initiatives led by Nikita. While it is no longer in use, this wallet was used by Nikita. Due to a configuration error, the wallet was staking during much of its existence leading to the generation of 77,350 VULC. This will be burnt publicly at a later date.

ACCOUNTING NOTE: 77,350 VULC TO BE BURNT

Trivia Wallet

Final Balance: 9200 VULC

Note: This stated balance does no include the 30,000 VULC which were sent back to the wallet on February 3^rd (TXID: 6d23b50b8f97a04103755b958ea69f937edf676e06c5665f1f709dc549e478cc) after the successful testing of the Masternodes for Charity Proof of Concept. There were no stake rewards recorded by this wallet.

Governance Testing

The Vulcano Team is proud to announce that we are beginning testing on the governance

24/01/2019
Post Views: 1,215

The Vulcano Team is proud to announce that we are beginning testing on the governance portion of the next wallet release! In order to maximize stability during testing, we will be spinning up approximately 200 masternodes out of the premine to test the governance consensus. In the interest of transparency, we will post the TXIDs of these nodes so that they can be monitored. All of the coins generated during this testing period will be burnt at a later date, and held in escrow by a third party.

This phase of testing is very important for the future of Vulcano, and we look forward to sharing the results of our hard work!

UPDATE:

Listed below are all the transaction ID’s for the masternodes created:

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a9b0b004e3af06a076a7b1e28d331fec5848522de2b91f7b6d964e7079000c4a
5fea2b92eb5ed069b017c5cd215b382fcfd34204a453c5fea7115c9331a8b4ab
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502cb35aa4cb9fc8d824dc67c8528e263422c8bba5fdfcfd72202191eda27620
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c32c46312566be78881a389f06ec80e7daac2a182f99fb34e053e68526e41ff2
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5f44b711ee9476c592e4010e22fd657f8799a3758d45d0e703dd3320353c558c
c8af376522800da4e96a9073685c0e31e4ae780d75d42cbb81ce936d2a1cc444
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Rebranding Vulcano!

Rebranding Vulcano!

The Story of Vulcan “Blacksmith of Currency”

The Story of Vulcan “Blacksmith of Currency”

The Story of Vulcana “Volcano Tamer”

The Story of Vulcana “Volcano Tamer”

Vulcano Prepares for a Data Eruption; $VULC Seismic Sensing Network Deployed

Vulcano Prepares for a Data Eruption; $VULC Seismic Sensing Network Deployed

First Vulcano Governance Coin Burn – 450,000 $VULC

First Vulcano Governance Coin Burn – 450,000 $VULC

Mandatory VULC Wallet Update and New Characters Revealed

Mandatory VULC Wallet Update and New Characters Revealed

Vulcano’s Seismic Sensor Proof-of-Concept is Entering the Testing Phase

Vulcano’s Seismic Sensor Proof-of-Concept is Entering the Testing Phase

Vulcano Funds Data Compression Research for use on the $VULC Network

Vulcano Funds Data Compression Research for use on the $VULC Network

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Audit Report

Governance Testing

Governance Testing

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