Minter Dev Notifications – Telegram
Minter Dev Notifications
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Notifications about new Minter Blockchain versions and features
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We have added full support for multisig to the Console. One can now create a multisig address & use it to sign and send a transaction verified by several signatures.

Transactions with multi-signatures can also be generated off-line:
https://github.com/MinterTeam/minter-console-web/releases/tag/v0.6.2-mainnet
Tendermint Security Update

At 2:00 p.m. UTC Thursday, the Tendermint developer team released an unscheduled update to resolve several issues in the operation of nodes. Prior to that, nodes—as well as validators—had been vulnerable to DoS attacks.

In less than 30 minutes, we rolled out a node update v1.1.7, which uses Tendermint’s latest release with all security fixes.

We highly recommend that all owners of Minter nodes update their software.

https://github.com/MinterTeam/minter-go-node/releases/tag/v1.1.7
Forwarded from Minter Network
Minter Mainnet: Year One

Make sure to check out our latest article as we reveal top three development priorities the team is currently focused on.
Voting on the Network’s New Functionality

The Team and Validators have prepared several significant changes aimed to improve the network.

The first round lasts until June 23 and offers to add an option to “archive” the coins, allowing brands to re-use a particular ticker. This would substantially facilitate the onboarding of new customers and widen the blockchain’s possibilities.

The owner of the coin—i.e., creator address—will be the one to archive it. The creator rights, however, will be transferable. Archived coins will not be deleted, nor will their reserve be emptied. They will just change their name.

The voting also suggests setting the maximum number of validators to 64. Validators with small stakes (less than 1% of voting power) do not affect the decision-making process and decentralization of the network, but they slow it down drastically being equal participants of the consensus. The introduction of this limit would allow for the avoidance of extra loads with no losses.

The Team will proceed to develop the solution if the proposal is supported by a two-thirds validator majority.

Full text of the proposal
Voting-dedicated page
Forwarded from Minterscan EN
🗳 Voting for Minter 1.2 (Proposal B)

A new voting to upgrade Minter Network begins today, on July 6, 2020.

🎯 Purpose
• Approve the list of network updates proposed by the development team

📋 Updates
• Adding a third (controlling) address for the validator
• Ability to change the validator public key

⚙️ Mechanics
• All validating nodes vote
• Update accepted with support >67%
• Voting will last until July 14, 2020 (02:59:59 UTC)
• If updates are accepted, the second stage of voting will take place with fixing a specific block for updating and the hash code of the node

Follow the voting on 🍃 Minterscan

#dev
DEV

The DEV coin is designed to reward developers who contribute to Minter’s progress. Depending on the quality and type of your submission, you may be awarded up to 1,000 DEV coins.

What do I get DEV for?
– Articles, tutorials, educational videos
– Tools, SDKs
– Services
– PRs to the MinterTeam repository
– Activity in chats

What can the DEV coin offer?
– 1 DEV = 100 BIP, the coin can be sold freely
– Badges and links to your works shown in the id.minter.org profile
– Participation in the minter.org’s global developer ranking
– Addresses with over 100 DEV take part in sponsor giveaways organized every month

What are the requirements?
– Interface/text in English or Russian
– Documentation (if any) in English

The website where you can apply for a DEV grant will be launched by the end of summer.
Forwarded from Webcounters (webcounters)
Minter Network explorer Knife.io

Validator ranking: Stability indicators, uptime, delegation history, missed block signatures, and fines updated in real time
Blockchain explorer: Transaction table filtered by type and updated in real time
Coins: Coin list and current exchange rates for Minter-powered coins with daily, hourly, and minutely charts; transaction history, top delegators and validators for each coin, and coin’s real price in delegation
Addresses: Balance, delegation list, wallet’s capitalization, filtered transaction table
Forwarded from Minter Network
Minter 1.2

Three successful voting rounds on, Minter 1.2 functionality is now in the final stages of development as we’re working to adapt all the services, SDKs, and applications.

Key Takeaways:
• No more unbond coins
• Coins can now be “recreated”
• Max. number of validators: 64
• You can now change the owner for a multisig wallet
• BIP price brought on-chain
• Ability to modify validator’s public key

Learn more in Daniil Lashin’s latest article »
Minter Blockchain Important News

On October 19, 2020, the network successfully upgraded to version 1.2. Since then, over 450,000 blocks have been generated. No critical issues have been detected. Thank you to all developers and validators who quickly updated their services!

Some news:

1. Golang security fix
On November 12, the Go language developer team released a vital update that eliminated a couple of vulnerabilities. One of the changes fixed the processing of large numbers that was causing applications to crash: crypto/rsa.VerifyPSS, crypto/rsa.VerifyPKCS1v15, and crypto/dsa.Verify might panic when provided crafted public keys and signatures.

We have re-compiled the v1.2.0 release with the latest version of Go (v1.15.5) so developers and validators can update their nodes. We suggest that you run tests on non-critical services before updating the main ones.

2. 1.2.1 Update
After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterwards. This fix will be included with Minter Node v1.2.1. To reduce the size of the base, it will be necessary to sync the node from scratch.

Full list of improvements:
- old_coin_symbol and old_coin_id tags added to the RecreateCoin transaction
- Increasing disk space issue resolved
- Minor Console bugs fixed
- Auto-load of minter-mainnet-3 genesis

Release Candidate: https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1-rc5
We suggest that you run tests on non-critical services before updating the main ones.

3. Problem with Coin Owners
All coins that had been created using the most recent instructions were assigned an owner in network v1.2. Due to an error in genesis, however, some coins with other parameters (but with 100% of supply on one address) didn’t get an owner. A total of 64 coins have been affected.

We’re aware of the issue and will resolve it in one of the upcoming updates. That will require a simultaneous update of all validators.

Plans:
1. Blockchain security audit. We’ve prepared the node’s code for audit and plan to send out applications to several companies that could run it.
2. 2.0 development. We’re working on Minter 2.0 architecture and functionality and will soon publish a detailed document with denoscription.
3. Minter HUB development. Minter HUB is a cross-chain bridge with smart contracts (between Minter and Ethereum in the first place). The solution is unique in that all operations are made in a single transaction, which can be signed both from within Minter (e.g., exchange of any custom coin for one of the numerous ERC-20 tokens) and Ethereum (e.g., buying BIP for USDT).

🚀
Minter Go Node 1.2.1 Update

After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterward. This fix has been included with Minter Node v1.2.1. To reduce the size of the base, it is necessary to sync the node from scratch.

Full list of improvements:
- Commissions have been adjusted to the market conditions, eliminating the possibility of carrying out spam attacks on the network
- old_coin_symbol and old_coin_id tags added to the RecreateCoin transaction
- Increasing disk space issue resolved
- Console bugs fixed
- Auto-load of minter-mainnet-3 genesis

https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1
Hi, everyone! Daniil Lashin here.

As 2020 nears its end, I’ve got some great news to share. Today is a very special day because we’re launching a public demo of Minter Hub. Hub is the next step in building the Internet of Money. It will interconnect Minter with other leading networks, starting with Ethereum.

You’ll be able to transfer literally any coin from Ethereum right to your BIP Wallet. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others.

More detail: https://daniillashin.medium.com/e06f4efca51d
🚀 First Cross-Chain Transfers on Minter Mainnet!

Yesterday, as part of Minter Hub testing, the first transfers were sent from Minter to Ethereum and the other way around. It was the first step to launching a full-fledged Internet of Money that will allow to buy and sell any digital asset right within BIP Wallet. It will also let you create coins and loyalty points—traded against USDT, BTC, ETH, BIP, and any other asset by default—in minutes. Sending any mirrored coin (USDT, wBTC, wETH) will take minimum fees and a confirmation time of about five seconds.

Ethereum -> Minter:
1. Send
2. Receive

Minter -> Ethereum:
1. Send
2. Receive

With Minter Hub, you’ll be able to transfer literally any coin from Ethereum to Minter. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others. Minter Hub validators will get 1% on the fees charged for moving coins from Minter to Ethereum and vice versa.

When running tests, we used the LASHIN coin, for which we issued an ERC-20 token on Ethereum. This clearly shows that mirroring can be done on either of the networks. Transfer of LASHIN and CHAIN from Minter to Ethereum and the other way around will be available to everyone once the UI development is finished. For these coins, the pairs will be launched on the Uniswap protocol, meaning anyone will be able to exchange them for USDT in a completely decentralized way.

For making these transfers happen, Minter Hub validators got 1% of the fees. The fee for sending transactions to Ethereum will be paid by the user separately (this functionality is underway).

A few technicalities

Minter Hub is based on Cosmos SDK and a modified Peggy solution that’s developed by the Cosmos team.

Minter Hub is supported by validators, here’s what they launch on their servers:
- Minter node
- Ethereum node
- Minter Hub node
- Ethereum Orchestrator, software that monitors the events on the Ethereum network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Ethereum.
- Minter Orchestrator, software that monitors the events on the Minter network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Minter.

Mirrored coins are locked on the MultiSig accounts of Minter Hub validators up until they are requested to be withdrawn.

Why is this one of the most important milestones in Minter’s history?

1. Minter becomes the easiest way to enter the crypto space. Fast and cheap transfers for most digital assets, interfaces that are easy to understand.
2. The bigger number of transactions and bigger gains for validators and delegators. With the arrival of Minter 2.0, the fees will be adjusted to the market, meaning that returns from the fees might surpass those from generating new blocks.
3. BIP holders get an opportunity to benefit from the exchange operations inside Minter carried out via the Uniswap protocol.
4. HUB holders get 1% on the fees charged for transferring coins from Ethereum to Minter and vice versa.
5. Last but not least: all Minter-powered coins become exchangeable with USDT, ETH, BTC, and other digital assets. All that in five seconds and at super-low fees.
⚛️ Cosmos SDK Security Patch by Minter Team

While developing Minter Hub, we located a critical bug in Cosmos SDK: a malicious actor could halt the operation of any public node with a 100-percent guarantee. We reported the issue in detail and informed Cosmos developers of our finding. Their team has released an update to eliminate this vulnerability:

https://github.com/cosmos/cosmos-sdk/releases/tag/v0.41.1

"This release includes two security patches, and does not introduce any breaking changes. It is highly recommended that all applications using v0.41.0 upgrade to v0.41.1 as soon as possible."

Our core team has been actively contributing to the Tendermint development since the very beginning: 6 issues, 1 global architecture proposal, 7 pull requests. And now we are excited to have the opportunity to help improve Cosmos SDK, too.

P.S.: Since Minter blockchain does not utilize Cosmos SDK, the identified problem does not affect it.
Binance Smart Chain @ Minter Hub

Transaction costs on the Ethereum network keep breaking new records: up to $100 for exchange operations and up to $20 for coin transfers.

That’s why the Minter Team has decided to additionally connect the Binance Smart Chain network as part of Minter Hub. This will make digital assets transferable not only between Minter and Ethereum, but between Minter and Binance Smart Chain as well. BSC will also provide Minter users with an opportunity to access even more digital assets.

BSC is based on EVM, which means we’ll be able to use what we’ve already developed for integration. At the moment, we’re running tests to see how compatible the current version of Minter Hub is with BSC.
Media is too big
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🚀 Before starting public tests, we’d like to offer you a little sneak peek at cross-chain Minter<->Ethereum transfers.

The magic happening in the video is not just simple in its nature, but also fully decentralized.
👨‍💻 Bug Bounty

We are reminding you that Minter has an ongoing program for rewarding those who help us locate vulnerabilities and errors. Until the release of Minter 2, we’ve increased the reward threefold. The total budget of the program is 3,000,000 BIP.

You can find the list of changes to be tested in the first place here.

Discovered bugs can be reported to @danillashin or in @MinterDevChat.
Many of you have heard that in Minter 2, you’ll be able to store, transfer, and exchange most of the major digital assets (e.g., BTC, ETH, BNB, USDC). But how have we achieved that?

Learn more about how Minter Hub works here:
https://daniillashin.medium.com/minter-hub-bridge-to-ethereum-binance-smart-chain-dd78cde2ad51