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Topic: [ANN] Mini-Bitcoin (MBTC) - Bitcoin made simple - page 3. (Read 624 times)

full member
Activity: 442
Merit: 100
Hi,

When I start and turn verbosity to 3.
I keep getting below logs -

/2020-08-08 04:31:26: INFO: ...no new connection..handle the open channels..
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: nothing to be read
2020-08-08 04:31:26: INFO: mining...
l2020-08-08 04:31:27: INFO: ...no new connection..handle the open channels..
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: nothing to be read
2020-08-08 04:31:27: INFO: mining...

on local host the block count is also showing as 0, seems no blocks synchronized yet. How to fix this ?
member
Activity: 130
Merit: 15
let see where it goes, will be easier if you give details to mine more specific, for no tech people
member
Activity: 130
Merit: 15
Reserve
member
Activity: 233
Merit: 14
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====================================================

Just started mining.

https://github.com/soldate/mini-bitcoin

Bitcoin (Satoshi White Paper) made in pure Java.

Just 8 files. No external libraries, just java standard.

Java is the most used programming language. More than ten million programmers.

All of them are able to understand the code and help or creating clones from it.

====================================================

Enjoy.  Wink

Why this new currency? What are the advantages?

In short:
- It is much more decentralized in terms of having more developers able to develop the currency
- It allows miner to create transactions for other people, join their money. Example: John has two outputs (5 and 6 bitcoins). The miner can create a tx to john join the 5 and 6 in one output of 11 bitcoins, decreasing UTXO space.
- "Human address". Your account/address is like 12345-6.
- The address is an Integer, a pointer to the publick key (about 4 billions of possible address). So, the tx is much smaller and can be a lot more of them in a 1 MB block, for instance.
- Im putting just one tx per address, per block. This limitation protected the nodes from flood and allow transactions without fees.

Its a simpler Bitcoin. Its a better Bitcoin.    Smiley
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