[ANN] Fastcoin - FST - The Fastest coin so far in the market - is launched!! - page 24.

fastcoin-ok

member

Activity: 81

Merit: 10

Quote from: Robb1649 on July 15, 2017, 09:09:06 AM

I think we need to take advantage of the rapid price drop of Bitcoin and other coins. In my opinion, it could be huge for our coin to use this and get it out there

I quote you, and I only add up that when one is selling for 50-100$ gain, just think to those who did so with BTC when it went from 0.1 to 0.2$: "wow, a 100% gain, I'm running happy to the bank", LOLOLOL

Robb1649

newbie

Activity: 25

Merit: 0

I think we need to take advantage of the rapid price drop of Bitcoin and other coins. In my opinion, it could be huge for our coin to use this and get it out there

Lalaland122

member

Activity: 119

Merit: 10

Only Pow? No Pos?

EdithS

newbie

Activity: 21

Merit: 0

Quote from: Zimtente on July 14, 2017, 03:15:58 AM

Quote from: almightyruler on July 12, 2017, 04:21:49 AM

Well spotted, vampirus and Stouse49.

I wonder if all these inconsistent size limits are the reason that the couple of blocks I successfully mined seem to have been rejected by the network. The first was orphaned immediately, but with the second, other people's blocks continued to be received from the network (as orphans), until about 5 minutes later, when a reorg quietly orphaned the block I'd found. It seemed unusual that my client went off on its own fork, and didn't immediately recognise the other blocks as being on a better chain.

I guess that some clients may accept a larger block (or a block with large transactions) as normal, whereas others (running a different version) may outright reject it. If so, we may have had a temporary fork as one set of miners extended the "main" chain, and another (running a different version) extended "my" chain. That would explain why it took a few minutes to reach a consensus and cleanly override the block I mined.

how to solve this issue? is that something devs can fix in there code? just want to be sure my transactions are going through ;-P

thanks

Thanks for your info on this Zimtente,

If I can chime in here a bit, just wanted you and everyone to know that I am not a technical expert, however I can say that I have been using Fastcoin for over a month now and I have had no issues sending and receiving coins in and out of my wallet. I have purchased coins on both Exchanges https://www.livecoin.net/ and https://www.cryptopia.co.nz and all of my transactions have processed correctly each and every-time.

I did find the following post within the Fastcointalk.org forum

http://www.fastcointalk.org/index.php?topic=1116.msg6657#msg6657

that you may find useful in understand a bit more on how transactions are being processed and what makes Fastcoin different from Bitcoin for example.

All my Best
Edith

fastcoin-ok

member

Activity: 81

Merit: 10

Plain and simple FACTS:
https://steemit.com/fastcoin/@remistevens/the-case-for-fastcoin-fst
Tell it to the world of crypto, both newbies and veterans.

Zimtente

member

Activity: 116

Merit: 10

Quack.

Quote from: almightyruler on July 12, 2017, 04:21:49 AM

Well spotted, vampirus and Stouse49.

I wonder if all these inconsistent size limits are the reason that the couple of blocks I successfully mined seem to have been rejected by the network. The first was orphaned immediately, but with the second, other people's blocks continued to be received from the network (as orphans), until about 5 minutes later, when a reorg quietly orphaned the block I'd found. It seemed unusual that my client went off on its own fork, and didn't immediately recognise the other blocks as being on a better chain.

I guess that some clients may accept a larger block (or a block with large transactions) as normal, whereas others (running a different version) may outright reject it. If so, we may have had a temporary fork as one set of miners extended the "main" chain, and another (running a different version) extended "my" chain. That would explain why it took a few minutes to reach a consensus and cleanly override the block I mined.

how to solve this issue? is that something devs can fix in there code? just want to be sure my transactions are going through ;-P

thanks

fastcoin-ok

member

Activity: 81

Merit: 10

We all noticed how slow the indexing process has become compared to the previous one when they operated on the old server. But here's a nice point on behalf of Blockchain Expert:

"Hi, Thank you.
I added transaction verification to the indexing script.
This is making the indexing a bit slower but adds more security for blockchains that might fork.
This indexing script is for all block explorers and not only fastcoin."

fastcoin-ok

member

Activity: 81

Merit: 10

Quote from: almightyruler on July 13, 2017, 12:56:11 PM

Quote from: fastcoin-ok on July 13, 2017, 07:31:39 AM

Quote from: Guido on July 13, 2017, 05:41:33 AM

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I'd say the other way around. FST is a real resource hog. On my server the FST client consumes a whopping 3.7GB of RAM, which is by far the most of any of the clients I run. For comparison, the Bitcoin client only uses 0.6GB (although, to be fair, BTC does use much, much more disk space)

Because of the huge number of blocks a sync or rescan can take several days, at high CPU load.

I surveyed the last 500 blocks in the FST blockchain and over 96% have no additional transaction beyond the miner reward. The tradeoff for fast transactions is that the blockchain continues to grow to excess, with mostly empty blocks being issued every 12 seconds.

Some coins have toyed with limiting the block creation rate (and therefore blockchain bloat) by only permitting new blocks when a certain time period has elapsed, or there are a certain number of transactions in the mempool. So you could have a default block period of 1 or 2 minutes, EXCEPT when there's a transaction that's moving through, which will cause a more rapid block creation rate. This would greatly increase the average transaction density of each block. I just don't see how such a resource hungry coin can be sustained without any changes in the near future.

Almighty and other software experts, this thing needs to be addressed here....
http://www.fastcointalk.org/index.php/topic,1116.0.html

Guido

legendary

Activity: 1061

Merit: 1001

we have an android wallet I think? I use Fastcoin core

there will always be a core of supporters and diehards, miners and devs who will run nodes and qt wallets so sorted. strengthens network

lite wallets can be sorted in time

more people running full nodes in early days better
bitcoin wallet is a pig to download and uses up half my laptop memory but people still run it for security, core, same as fst

i have used everything, multibit, all series, electrum, only really safe with the core
multibit notorious for sending too small fee etc for btc, then you got problems

I think we're in great position

would like to see some new commits at git i believe dev team are underway with some things

at end of day FST team have always been here, never left the boat, in past month or two, we have a new website, new block explorer, new videos, constant comms, we should be very grateful, they don't get paid! they don't owe us anything
many devs walk, or you don't hear from for weeks, months , some coins, many actually devs just scam the community, not fastcoin
we're a community so if people want to contribute, graphics, new sites, domains, coding , social media, get involved!

we see min 20 cents FST this year, minimum
FST is such a strong alt, wildly underpriced

almightyruler

legendary

Activity: 2268

Merit: 1092

Quote from: fastcoin-ok on July 13, 2017, 07:31:39 AM

Quote from: Guido on July 13, 2017, 05:41:33 AM

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I'd say the other way around. FST is a real resource hog. On my server the FST client consumes a whopping 3.7GB of RAM, which is by far the most of any of the clients I run. For comparison, the Bitcoin client only uses 0.6GB (although, to be fair, BTC does use much, much more disk space)

Because of the huge number of blocks a sync or rescan can take several days, at high CPU load.

I surveyed the last 500 blocks in the FST blockchain and over 96% have no additional transaction beyond the miner reward. The tradeoff for fast transactions is that the blockchain continues to grow to excess, with mostly empty blocks being issued every 12 seconds.

Some coins have toyed with limiting the block creation rate (and therefore blockchain bloat) by only permitting new blocks when a certain time period has elapsed, or there are a certain number of transactions in the mempool. So you could have a default block period of 1 or 2 minutes, EXCEPT when there's a transaction that's moving through, which will cause a more rapid block creation rate. This would greatly increase the average transaction density of each block. I just don't see how such a resource hungry coin can be sustained without any changes in the near future.

Koover

newbie

Activity: 35

Merit: 0

Quote from: jukKas on July 13, 2017, 08:06:05 AM

Just founded this coin and wondered how this has been such secret. Website and wallet looks very good!

I think the amount of coins created early in Fastcoin life held it back. We have moved beyond that phase and coins are mostly in stronger hands now. It's the perfect storm with speed of transactions and truly decentralized cryptocurrency needed. Lots of ICOs with greedy Devs and questionable use case are all the rage right now but Fastcoin time is coming!!

Koover

newbie

Activity: 35

Merit: 0

I wanted to say thank you to all in the Fastcoin comunity! Not many coins have an active great group of followers and I think it says alot about the future of Fastcoin. FST is by far my favorite cryptocurrency and I cannot wait to ride it to the moon with you all!

Guido

legendary

Activity: 1061

Merit: 1001

Quote from: fastcoin-ok on July 13, 2017, 07:31:39 AM

Quote from: Guido on July 13, 2017, 05:41:33 AM

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I guess also that as they migrated to new servers, they have huge backlogs between all their host coins, because previous time (with the old server) it took a while to roll first 2-3 mils blocks.

not good or bad...... priceless. Wink

jukKas

full member

Activity: 364

Merit: 100

Just founded this coin and wondered how this has been such secret. Website and wallet looks very good!

fastcoin-ok

member

Activity: 81

Merit: 10

Quote from: Guido on July 13, 2017, 05:41:33 AM

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I guess also that as they migrated to new servers, they have huge backlogs between all their host coins, because previous time (with the old server) it took a while to roll first 2-3 mils blocks.

Guido

legendary

Activity: 1061

Merit: 1001

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

remistevens

hero member

Activity: 630

Merit: 501

Quote from: Guido on July 12, 2017, 10:29:19 AM

Quote from: remistevens on July 12, 2017, 10:06:18 AM

Quote from: fast-coin on July 12, 2017, 09:44:14 AM

Quote from: fastcoin-ok on July 12, 2017, 09:17:58 AM

FSTers**** WE HAVE the blockchain indexing! Just started. wowowow. No forks, no problems.
Money supplies counter also working.

Check:
https://www.blockexperts.com/fst

Thank you fastcoin-ok for the update,

Yes this is all very good news, and we encourage all community members to check the NEW FastCoin Block Explorer.

Please also note, that the FastCoin CORE Dev team is very interested with the activity that is going in this forum including the recent troubleshooting debate going on with respects to max transaction sizes etc.

We understand and appreciate the following members almightyruler, Stouse49, vampirus and forgive me if I forget to mention others, are senior Bitcointalk forum members and we appreciate and respect their inputs and findings.

Rest assured, this issue will have the appropriate amount of attention given to it by the FastCoin CORE team as they continue to remain focused on higher priority items at the moment. Please also note, that this is an open source initiative and we encourage any community member who feels they may contribute a meaningful solution to this problem to please feel free to do so.

Please remember that the FastCoin CORE Dev team although we feel are exceptional, are people too, and can only focus on a given task at any given moment. I am also sure that I sound like a broken record by now, however it would be much better to follow the troubleshooting sequence of this thread at www.fastcointalk.org as we can create subheadings more appropriate to the context of the issue at hand.

Much thanks to everyone again as we look forward to more exciting news ahead ;-)

Best Regards

Fast

Thanks for your work, I look forward to the news.

There still seems to be a problem with the block explorer, could you confirm? The Rich List is showing the largest wallet at 143k FST (only about 0.1% of supply). No way can that be accurate when ppl are placing sell orders in the hundreds of thousands on livecoin either. Livecoin would definitely have wallets much larger than 0.1% of supply.

it's still indexing, if you refresh every minute you will see diff amount in richlist and current block height
money supply showing just over 2 million, when is currently prob around 120 million

seems to be moving quite quick so in a matter of hours would think will be up to speed or by tomorrow latest

Awesome! Thanks for the reply and setting that up!

bilibord

newbie

Activity: 23

Merit: 0

When will the price go up?

Guido

legendary

Activity: 1061

Merit: 1001

Quote from: remistevens on July 12, 2017, 10:06:18 AM

Quote from: fast-coin on July 12, 2017, 09:44:14 AM

Quote from: fastcoin-ok on July 12, 2017, 09:17:58 AM

FSTers**** WE HAVE the blockchain indexing! Just started. wowowow. No forks, no problems.
Money supplies counter also working.

Check:
https://www.blockexperts.com/fst

Thank you fastcoin-ok for the update,

Yes this is all very good news, and we encourage all community members to check the NEW FastCoin Block Explorer.

Please also note, that the FastCoin CORE Dev team is very interested with the activity that is going in this forum including the recent troubleshooting debate going on with respects to max transaction sizes etc.

We understand and appreciate the following members almightyruler, Stouse49, vampirus and forgive me if I forget to mention others, are senior Bitcointalk forum members and we appreciate and respect their inputs and findings.

Rest assured, this issue will have the appropriate amount of attention given to it by the FastCoin CORE team as they continue to remain focused on higher priority items at the moment. Please also note, that this is an open source initiative and we encourage any community member who feels they may contribute a meaningful solution to this problem to please feel free to do so.

Please remember that the FastCoin CORE Dev team although we feel are exceptional, are people too, and can only focus on a given task at any given moment. I am also sure that I sound like a broken record by now, however it would be much better to follow the troubleshooting sequence of this thread at www.fastcointalk.org as we can create subheadings more appropriate to the context of the issue at hand.

Much thanks to everyone again as we look forward to more exciting news ahead ;-)

Best Regards

Fast

Thanks for your work, I look forward to the news.

There still seems to be a problem with the block explorer, could you confirm? The Rich List is showing the largest wallet at 143k FST (only about 0.1% of supply). No way can that be accurate when ppl are placing sell orders in the hundreds of thousands on livecoin either. Livecoin would definitely have wallets much larger than 0.1% of supply.

it's still indexing, if you refresh every minute you will see diff amount in richlist and current block height
money supply showing just over 2 million, when is currently prob around 120 million

seems to be moving quite quick so in a matter of hours would think will be up to speed or by tomorrow latest

remistevens

hero member

Activity: 630

Merit: 501

Quote from: fast-coin on July 12, 2017, 09:44:14 AM

Quote from: fastcoin-ok on July 12, 2017, 09:17:58 AM

FSTers**** WE HAVE the blockchain indexing! Just started. wowowow. No forks, no problems.
Money supplies counter also working.

Check:
https://www.blockexperts.com/fst

Thank you fastcoin-ok for the update,

Yes this is all very good news, and we encourage all community members to check the NEW FastCoin Block Explorer.

Please also note, that the FastCoin CORE Dev team is very interested with the activity that is going in this forum including the recent troubleshooting debate going on with respects to max transaction sizes etc.

We understand and appreciate the following members almightyruler, Stouse49, vampirus and forgive me if I forget to mention others, are senior Bitcointalk forum members and we appreciate and respect their inputs and findings.

Rest assured, this issue will have the appropriate amount of attention given to it by the FastCoin CORE team as they continue to remain focused on higher priority items at the moment. Please also note, that this is an open source initiative and we encourage any community member who feels they may contribute a meaningful solution to this problem to please feel free to do so.

Please remember that the FastCoin CORE Dev team although we feel are exceptional, are people too, and can only focus on a given task at any given moment. I am also sure that I sound like a broken record by now, however it would be much better to follow the troubleshooting sequence of this thread at www.fastcointalk.org as we can create subheadings more appropriate to the context of the issue at hand.

Much thanks to everyone again as we look forward to more exciting news ahead ;-)

Best Regards

Fast

Thanks for your work, I look forward to the news.

There still seems to be a problem with the block explorer, could you confirm? The Rich List is showing the largest wallet at 143k FST (only about 0.1% of supply). No way can that be accurate when ppl are placing sell orders in the hundreds of thousands on livecoin either. Livecoin would definitely have wallets much larger than 0.1% of supply.

Topic: [ANN] Fastcoin - FST - The Fastest coin so far in the market - is launched!! - page 24. (Read 238167 times)