Smilo v1.9.2.3 — Smilodon Populator — DAO fund protect(GETH 1.9.2)

The new release — DAO fund protect

In order to better explain our new release, we are going to quickly review the Smilo Blockchain Architecture and explain what is new.

Smilo Architecture:

It comprises of several components, we are going to explain only the go-smilo client on this post, if you would like to understand more please check the following link Smilo v1.9.2.2 — Smilodon Populator — Autonomous community (GETH 1.9.2):

1. Go-smilo Node (Modified GETH client)

It is designed to be a lightweight blockchain that takes advantage of the R&D and battle-tested Ethereum GETH 1.9.x PoW Blockchain. It is updated regularly such that it is in line with the future GETH releases.

  1. Created a new consensus algorithm and integrated existing ones.
  2. The P2P layer is modified to allow connections to/from specific pre-set nodes.
  3. The block generation logic has been modified to have two states: `public state root` and `private state root`. Private transactions do not allow the transfer of tokens, transfer of tokens privately should be done via ZK Snarks public smart contracts.
  4. Block validation logic changed to handle `private transactions`
  5. The dual token system introduced. XSM (Smilo) and XSP (SmiloPay). Users pay for transactions with XSP and Gas deposit. The gas deposit is returned if all goes well.

2. New feature

Enable Consensus miners to blacklist addresses

  1. The TX Pool layer is modified to restrict certain addresses to have transactions submitted to blocks. This feature allows the Consensus Miners to reject transactions created by particular addresses, eg: A consortium using Smilo Enterprise can blacklist accounts, in order to temporarily/permanently freeze stolen funds. This useful feature can also be used to stop DDOS attacks given the addresses can be identified and blocked temporarily/permanently by the Consensus Miners.

Old sources (deprecated):

Because of this changes on our structure, we would like to introduce you to the new tools that we have put online in order to allow our users to be secure and be able to follow us on this new journey as a DAO.

New Autonomous Community sources:

Smilo Secure Wallet — Smilo Secure Wallet stores your private keys safely in a local, isolated, and secure vault on your device to protect your account

Acknowledgements / gr33tz

This amazing work, was a result of many months of unpaid research.
Launched on March 8th, 2019, Smilo is a cryptocurrency focused on making permissioned ledgers obsolete.

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Smilo Cooperative

Smilo Cooperative

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The latest generation hybrid blockchain platform DAO Cooperative