Topic: [ANN] Prime-Ex Perpetual - Bringing Real Estate Profits to YOU! - page 21. (Read 20699 times)

 

  looking forward to commit some within this project. Happy to be part of this project

Blockchain technology and adoption has come far. Its impacts are touching every facet of our lives

This is my very first time that I have seen real estate system on crypto globe.Now I think time has arrive where crypto globe can alter every thing and can provide large advantages in future .looking forward to commit some within this project.Thank you for discussing this ANN line around.

It makes me smile to read articles like this.  I continue to believe wholeheartedly that we have chosen wisely with regard to establishing our PEX-Tokens.


“As a platform of mass adoption, it is critical that we should be able to support a high throughput of transactions, whilst maintaining robust security. NG lays the foundations for our next phase of growth and a step-change in the size of the ecosystem we can support.”
-- Alexander Ivanov, CEO and founder of Waves


https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/rogeraitken/2017/11/08/waves-set-to-become-fastest-decentralized-blockchain-platform-globally/&refURL=https://www.google.com/&referrer=https://www.google.com/

Waves Set To Become Fastest Decentralized Blockchain Platform Globally

NOV 8, 2017 @ 11:36 PM
Roger Aitken , CONTRIBUTOR

Waves, a global public blockchain platform founded last year that completed its Initial Coin Offering (ICO) in June 2016 raising over $16 million (c.30,000 bitcoin (BTC)), is implementing new technology to enable the network to process “thousands of transactions” per minute and become the fastest decentralized blockchain platform in the world.

The innovation is touted as bringing blockchain technology to the “next level of evolution”, enabling the platform that was the brainchild of a Moscow-based physicist to compete with mainstream payment processors and to achieve mass-market adoption.

“Waves-NG”, a next-generation technology and consensus algorithm designed and based on the Bitcoin-NG proposal made by Cornell Computer Science academics Emin Gün Sirer and Ittay Eyal.

It increases effective bandwidth and speed of block creation, which is described as being “especially significant for businesses” using the Waves platform since it allows for conducting micro transactions - without any delays that are typical with traditional blockchain systems.


Furthermore, it allows the platform to withstand high loads, such as distribution of tokens following crowdsales and airdrops of bonus tokens. The speed of processing trading transactions on Waves decentralized exchange (DEX) is increased as well.

The prototype for the development of Waves-NG was Bitcoin-NG, a protocol developed for Bitcoin by Gün Sierer, Co-Director of the Initiative for Cryptocurrencies and Contracts at Cornell.

“In recent years, we have seen blockchain technology show the world its unique capabilities and amazing promise. As well, we have seen it hit a wall when it comes to scalability,” said Gün Sierer, who holds Ph.D. & M.S. qualifications at the University of Washington and B.S.E. from Princeton University.

He added: “If blockchains are to conquer the world, they need to scale. The Waves team is at the forefront of this race to scale. And, with NG, Waves has adopted the cutting edge of blockchain protocols for on-chain scaling.”

Current Blockchain Systems


The problem with current blockchain systems is that in many decentralized systems, nodes are scattered around the world, and their synchronisation entails significant delays.

So, for example, if you create a large block and starts sending it, while waiting for it to reach the rest of the network’s participants, one of them may have time to create a new block. And, due to this problem, forks will occur.

That is one of the reasons why, in the bitcoin community, there are constant debates about whether to increase block size. Waves explained that if one increases the size of a block in the bitcoin network by four times, “only 90% of participants will have time to download it before creating a new one. If you increase it to 36 MB, then only half of participants will have time.”

Specifically, NG enables blockchains to minimize latency and maximize throughput. According to Gün Sirer the Waves team has shown that they have an “innovative platform that incorporates the best-known technology and is ready for challenges of the next generation of demanding applications.”

NG is a protocol change that allows an increase in the number of transactions per block without increasing the number of forks.

The information necessary to start generating the next block is delivered to all nodes quickly after the previous one is generated. And, only then does the miner send the transactions that will fill the block to the network, submitting them in several tranches (i.e. microblocks).

Bitcoin-NG

Bitcoin-NG is a blockchain protocol, which serializes transactions in much the same way as Bitcoin, but allows for better latency and bandwidth without sacrificing other properties.

The protocol divides time into so-called epochs. In each epoch, a single leader is in charge of serializing state machine transitions. And, to facilitate state propagation, leaders generate blocks.

It introduces two types of blocks: (1) Key blocks for leader election, and (2) Microblocks containing the ledger entries. Each block has a header that contains the unique reference of its predecessor, namely, a cryptographic hash of the predecessor header - among other fields.  

Traditional Blockchain Model Versus NG Model

In a traditional blockchain model, blocks are discovered at roughly similar intervals and the most recent transactions are processed once a miner has earned the right to submit them to the network. As such, this places fundamental limits on the capacity of the blockchain. Bitcoin, for example, has a theoretical maximum of roughly 3 tps.

By contrast, in the NG model, the next miner is selected in advance. The miner creates a “key block”, which is then immediately filled with microblocks containing transactions, which requires no further proof-of-work.

Whilst maintaining the open structure of the protocol, it enables transactions to be confirmed “as fast as the network will allow.” Waves’ proof-of-stake approach is said to further improve speed, and thereby increasing capacity by a “factor of a hundred or more”, it is claimed.

Alexander Ivanov, CEO and founder of Waves, commenting in relation to the development said: “As a platform of mass adoption, it is critical that we should be able to support a high throughput of transactions, whilst maintaining robust security. NG lays the foundations for our next phase of growth and a step-change in the size of the ecosystem we can support.”

The public stress test, which began on November 8 2017, requires the community to help stress test it. For Q&A sheet on Waves NG see this link and a 16-page whitepaper titled ‘Bitcoin-NG: A Scalable Blockchain Protocol’ can be accessed here.

Prime-Ex's ICO will begin on November 15th. Another chance for real estate investors to own some PEX-Tokens and win big with Prime-Ex Perpetual.

I'm sure with time there will be more and more exchanges come into play and more exchanges supporting Waves tokens. It is gaining more popularity everyday

Agree! Hoping we can see the PEX-Token in other exchanges very soon!

Like a beginner I believe its an excellent concept and can go to big extend.

But, now that you have personally explained everything, this guy understood everything. You talk about daily trading on DEX, but besides this there is the opportunity to trade PEX on other exchanges, right? And I agree about clever people, perhaps, I will enter into their number 

Prime-Ex's home buyers will purchase a quality home more affordable than their peers, at terms more favorable than their peers, inside of a system that pays dividends perpetually.

I checked with both our marketing team and our design team.  We're not using airdrop to their knowledge.  All of our information is already on the website available for download so it shouldn't be too much of an issue.

It's the second time today I hear of airdrop. What is that?

Interestingly, would you like to airdrop? Perhaps you do not plan, of course, because there is a bounty. But everything is possible)

Correct.  The ICO starts November 15th and ends on the 30th.

NOTE:

Today is the last day to purchase discounted PEX-Tokens.  You should be maxing out the 20% discount percentage that's a steal!

Nope.  You're thinking about how the 80% is factored into the equation in the wrong way.  Each token holder will receive their proportional share of the 80% profit distribution that Prime-Ex Perpetual will make to its token holders perpetually.  You may also experience either a gain or a loss in the overall value of your PEX-Token, or in other words the price at which you can sell your PEX-Token for today, depending on how it trades day to day on the DEX Exchange.  I know that people play ICO tokens in several different ways, but personally I think the smart money would be on buying and holding PEX-Tokens over time.

Prime-Ex.com says ICO happens Nov 15 - 30.

I like the results of pre-sale. It seems that everything goes according to plan, and even better. I suppose that it is worth leaving all the Prime Ex coins for long-term storage.

I like the fact that trades, trasnfer and basically everything is cheaper on the waves platform, and it has a long way to go. I also wanted to know, Today the re-sale ends, when is the main sale?

Prime-Ex.com says Minimum Token Sales Accomplished - look at the fireworks, pretty cool!

What is the airdrop??