Wallet Update - The changes to remove the "fake stake" issue are essentially complete, but we are still building and testing the patched wallets. Updated versions of the wallets will be available soon, so please keep an eye out for the new release. Apologies for the delay, but we want to make sure that we only need to release this fix once.
Wallet Update - We are preparing an update to the BiFrost wallet that will resolve the "fake stake" resource attack, and once testing is complete, the new version will be posted with instructions on how to update your local and masternode wallets. This will not be a mandatory update, but if you are worried about being targeted, then feel free to update your wallets.
Once Crypto-Bridge has installed and confirmed the update, withdrawals and deposits will be re-enabled on the exchange. We expect this to happen sometime this coming week.
SMT Update - I'm sure you will all be happy to hear that Mantrid is recovering from his illness, and expects to be back at work on the SMT design and whitepaper this week.
While this is very good news for the project, I think it's a good idea at this point to announce that the launch of the SMT platform will likely slip into the second quarter of this year. The BiFrost team has been working on a number of infrastructure tasks that will support SMT, but the actual work of implementing Mantrid's design won't begin until the whitepaper is finalized, and there simply aren't enough days left in the quarter to finish the feature set and properly test the system under load. I'm sure you will agree that, since the system will be dealing with large amounts of customer funds, a solid QA process and thorough testing is a critical part of a clean launch and a successful product.
Once the design is complete, the team will create a project plan, identify key milestones, and begin updating the community as we move forward. We are all very excited about the potential SMT brings to BiFrost, and we look forward to bringing this unique product to market.
As you may have heard, a vulnerability in many PoS wallets (including those descended from PIVX) has been documented, and an exploit has been published. Although this vulnerability will not allow the taking of funds, it can crash targeted wallets, so it is of concern to exchanges. Crypto-Bridge is taking the proactive step of disabling deposits and withdrawals for all blockchains with the vulnerability, so we fully expect BiFrost to be included in their dragnet within the day. The team will be publishing a mandatory wallet update, but until that work is completed, and with Cryptopia off the air, no exchanges will be available to us until further notice. We will post updated information here as it becomes available.
Cryptopia Hack - We're just waking up to the news of the Cryptopia Hack, and we'll be in touch with our support contacts to evaluate how this will affect the BiFrost community. The situation in New Zealand is fluid and the police are involved, so until further notice, please restrict all BiFrost trading activity to CryptoBridge.
As of this time, there is no indication that the BiFrost wallet at Cryptopia has been affected in any way.
More news as things develop.
Cryptopia Update - I just received an email from Cryptopia Wallet Services. While I can't quote the message directly (correspondence is confidential) the main point is that they're in the process of moving BiFrost to new infrastructure with new integration services and should be completed soon. This fits with what I heard about their infrastructure issues from another inside source. They apologize for the delay, and promise to notify me as soon as the migration is complete.
PREMINE UPDATE - Based on the situation at Cryptopia, we are delaying the premine burn until the withdrawal issues are resolved...just in case we need to replace any funds that may have been lost/misplaced on the exchange.
“I hope that in this year to come, you make mistakes.
Because if you are making mistakes, then you are making new things,
trying new things, learning, living, pushing yourself, changing yourself,
changing your world. You're doing things you've never done before,
and more importantly, you're Doing Something.
So that's my wish for you, and all of us, and my wish for myself.
Make New Mistakes. Make glorious, amazing mistakes. Make mistakes
nobody's ever made before. Don't freeze, don't stop, don't worry
that it isn't good enough, or it isn't perfect, whatever it is: art,
or love, or work or family or life.
Whatever it is you're scared of doing, Do it.
Make your mistakes, next year and forever.”
― Neil Gaiman
May you have a happy, healthy, and profitable 2019!
The long overdue burning of the BiFrost premine is coming in the next day or so. We were initially going to send the premine to a "black hole" address, but we decided to use a more provable method for the burn. The details are a bit technical, but the strength of the method will be worth the slight delay.
Once the burn is complete, a full announcement will be posted here, as well as across all BiFrost social media platforms.
Mantrid is close to publishing a white paper of the SMT feature set, and we look forward to getting our usual great feedback from the community on Discord. The team will begin shifting focus to the web interface for SMT over the next few weeks, so we will soon be able to add screen shots of the work in progress to Mantrid’s white paper.
Based on feedback in the re-branding discussion channel, it seems the majority of the community wants to stick with our current brand; a decision that the entire team agrees with. All altcoins have somewhat tarnished brands, but the team believes that successful delivery of the SMT platform will quickly overshadow any past issues and light the way for forward momentum to build.
Once we cross one or two more milestones, the SMT marketing effort will be ramping up, so expect to start seeing increased activity on social media and other forums. Our recruitment for the “pro” side of SMT will also go into high gear, and certain members of the community will be invited to QA-test the platform and UI. We also plan to start a bounty campaign for articles about BiFrost and SMT, so keep an eye on the announcements channel for details.
With your help and continued support, 2019 should be a breakout year for BiFrost. We have built a great community together, and we should start to see your support and participation bear fruit very soon!
--BiFrost Actual, and the entire BiFrost Team
🇧 🇮 🇫 🇷 🇴 🇸 🇹
🇱 🇮 🇻 🇪 🇸
As the holiday season draws to a close, the BiFrost team would like to give our community our best wishes for a safe, happy, and profitable new year. The end of the year is always a great time to stop and reflect on accomplishments and failures, to list the many lessons learned, and to plan for the coming year.
2018 Has been a real roller coaster ride for BiFrost, as well as the rest of the crypto industry. We have seen far more bears than bulls across the board, and our own coin has suffered multiple challenges as we navigate the turbulent waters of this evolving landscape. We know this has created a great deal of fear and uncertainty for investors, but we firmly believe that BiFrost has turned a corner and is on the right track to establishing a stable ecosystem that will support a strong foundation for growth in 2019.
Despite constant accusations of exit scams and other foolishness, the BiFrost team has been hard at work to build the Shade My Trade platform and to meet our Q1 release target. You may have seen the effects of our work on Crypto-Bridge as we test exchange integration code. The volume of transactions we have completed on CB has had the interesting side effect of pushing FROST into the top 8 most traded coins on the exchange on two occasions. This is, of course, artificial volume, but it’s still heartening to see some life on our charts.
The issues with wallets at Cryptopia continue, but we are told they are working on them. We are not the only wallet suffering from connectivity issues, which is a small consolation, but it would seem to indicate a server/infrastructure problem rather than any weakness in the BiFrost network. We will continue to work with Cryptopia support staff to get things cleared, and as soon as we have more information, it will be posted for the community here. In the meantime, you are encouraged to use Crypto-Bridge for trade.
I'm happy to announce that the BiFrost wallet at Cryptopia is back online and available for deposits and withdrawals!
We are aware of our wallet on Cryptopia falling into maintenance mode, and we are working with the exchange to solve their connectivity issues. This not a wallet update - simply a support issue. Trading is still open, but deposits and withdrawals are suspended until the wallet is back up. The CryptoBridge wallet is not affected by this outage.
Took an unexpected three day break from SMT this week when I got called up on an old contract, but after a long sleep to shake off some jet lag, I'm digging back into SMT full time. In the next week or two, I will be approaching several members of the extended team to do a bit of pre-alpha testing on parts of the interface, so please keep an eye open for a DM from me. Work is moving forward as we finish up some billing items and move into integration with exchanges, so we are on track for delivering a terrific product for crypto traders. I know we're scheduled for a Q1 launch, but I think there's a real possibility for a very happy holiday season.
Just dropping in to report excellent progress on ShadeMyTrade. We're currently working on integration with the BiFrost wallet as part of the SMT billing, and I would estimate we're at about 75% completion on the sprint. Next up after billing will be creation of a wrapper class for exchange APIs, along with the logic to execute trades. Note - We are aware if the recent SEC action against 1broker and others, and we are looking into the specific violations these systems may have committed. Our first impression is their violations involved activities not related to the SMT model, but we will continue our legal analysis until we're conveninced we are in full compliance with the law.
The BiFrost Team is pleased to report that we have the base infrastructure for ShadeMyTrade built and working. This includes registration, verification, login/logout/session management, control flow, and overall management of user interface elements. Work has started on billing and account management, which will be followed by exchange integration and managed trades. More to come as we complete milestones...
DO NOT download the CryptoBridge app that is on the Google Play store! Someone is taking advantage of CB's name and has produced an app that will steal your assets if you try to use it. This product is NOT from CryptoBridge! They have confirmed that the android app has not been released yet, and that this is a scam. Be safe, and do not download it!
Android Wallet Update@everyone
The BiFrost team is pleased to announce the beta release of our updated android wallet for phones/tablets. This is a simple upgrade that corrects reported syncing problems following the recent blockchain fork. You should not need to delete the current version...just upgrade to the new version. As long as you have your "magic" seed words that created your wallet, your coins will be safe. In some cases you might need to do a full resync, but that is as hard as things will get when upgrading. Since this is officially a beta release, we would appreciate any feedback you can give us in the technical support forum. Once we're satisfied things are working, we will promote the beta to a full release. Enjoy!