[ANN] Purple Protocol - The Global Decentralized Ledger Infrastructure - page 3.

octavonce

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Quote from: Ohgreatanotherone on January 08, 2019, 05:34:17 AM

Quote from: octavonce on January 06, 2019, 08:49:06 PM

Quote from: Ohgreatanotherone on December 28, 2018, 07:07:08 AM

Reading between the line, seems like a lot of thought has been put into the long-term sustainability of this project and how it's gonna improve on existing tech. Love it. Can't wait for further development and get my mints on the coin. Wish there was a more concrete ETA

I wish that there would be a more concrete ETA available however with the drop of ICOs our options for funding have shortened and I do not want to promise unrealistic things.

With all this in mind, I can say that we are continuously trying to catch lightning in a bottle and create the best protocol that there is. This requires an incredible amount of effort and preparation and with limited options for funding, unfortunately this also means that a lot of time has to be spent and I would rather have the launch delayed if it means that at the end of the day everything works flawlessly.

Launching early is the capital sin of open blockchain projects.

This I can agree with. While it's gonna be sad, popping in from time to time for signs of life and being met with an empty room, my confidence in the project has grown immensely. Would rather wait for everything to be ship-ready. Seen my own fair share of early launches and its attendant damnation

I can assure you that everything is going really well. The protocol is getting more and more refined with each passing day. It is an iterative process that the more it is applied, the higher the quality of the product will be.

I am currently working on a new and improved version of the whitepaper which will describe everything in greater detail. We are also be constantly adding content to the wiki: https://github.com/purpleprotocol/wiki/wiki

Stay tuned.

Ohgreatanotherone

member

Activity: 476

Merit: 17

Quote from: octavonce on January 06, 2019, 08:49:06 PM

Quote from: Ohgreatanotherone on December 28, 2018, 07:07:08 AM

Reading between the line, seems like a lot of thought has been put into the long-term sustainability of this project and how it's gonna improve on existing tech. Love it. Can't wait for further development and get my mints on the coin. Wish there was a more concrete ETA

I wish that there would be a more concrete ETA available however with the drop of ICOs our options for funding have shortened and I do not want to promise unrealistic things.

With all this in mind, I can say that we are continuously trying to catch lightning in a bottle and create the best protocol that there is. This requires an incredible amount of effort and preparation and with limited options for funding, unfortunately this also means that a lot of time has to be spent and I would rather have the launch delayed if it means that at the end of the day everything works flawlessly.

Launching early is the capital sin of open blockchain projects.

This I can agree with. While it's gonna be sad, popping in from time to time for signs of life and being met with an empty room, my confidence in the project has grown immensely. Would rather wait for everything to be ship-ready. Seen my own fair share of early launches and its attendant damnation

octavonce

newbie

Activity: 135

Merit: 0

Quote from: Ohgreatanotherone on December 28, 2018, 07:07:08 AM

Reading between the line, seems like a lot of thought has been put into the long-term sustainability of this project and how it's gonna improve on existing tech. Love it. Can't wait for further development and get my mints on the coin. Wish there was a more concrete ETA

I wish that there would be a more concrete ETA available however with the drop of ICOs our options for funding have shortened and I do not want to promise unrealistic things.

With all this in mind, I can say that we are continuously trying to catch lightning in a bottle and create the best protocol that there is. This requires an incredible amount of effort and preparation and with limited options for funding, unfortunately this also means that a lot of time has to be spent and I would rather have the launch delayed if it means that at the end of the day everything works flawlessly.

Launching early is the capital sin of open blockchain projects.

Ohgreatanotherone

member

Activity: 476

Merit: 17

Reading between the line, seems like a lot of thought has been put into the long-term sustainability of this project and how it's gonna improve on existing tech. Love it. Can't wait for further development and get my mints on the coin. Wish there was a more concrete ETA

octavonce

newbie

Activity: 135

Merit: 0

Quote from: Ohgreatanotherone on December 21, 2018, 05:13:45 PM

So, no crowdsale or offering of any kind? How are people going to get a hold of the crypto then? By mining it?

This is not definite. We are waiting for the legal landscape to stabilize.

If it will make sense at some point to hold a crowdsale we will do it. Right now however, there are too many complications on all levels. It is a matter of choosing what's best for the project in the short-term vs the long-term.

Since the coin is mined, a launch without a crowdsale is viable because the distribution is handled by the protocol itself.

Quote from: Ohgreatanotherone on December 21, 2018, 05:13:45 PM

Does that mean we have to hold on till the blockchain is release before we can acquire it. No placeholder ERC20 to keep first and swap later?

Most probably.

Quote from: Ohgreatanotherone on December 21, 2018, 05:13:45 PM

Also, sharding isn't off the table right? Just on hold?

There are too many hoops you have to jump through to get sharding right and even if you do, the attack surface area is still quite big. Now let's assume that all of this is handled, you then still have to solve the issues of inter-shard contract calls.

Now, there may be a way to solve all of these and if there is, a hard fork can be performed to update the protocol. But right now, sharding is too far fetched.

Ohgreatanotherone

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Activity: 476

Merit: 17

Quote from: octavonce on December 12, 2018, 04:49:33 PM

A few updates regarding the status of the project:

- Because of several issues regarding sharding (cross-shard smart contract calls are very hard to implement right, shards are difficult to merge and partition tolerance pretty much fails with sharding) we have decided to stop focusing on it at this moment, simplifying the whole architecture and making the codebase much smaller.

- Because sharding has been dropped, we have decided to re-write the code in the Rust programming language in order to optimize the consensus algorithm as much as possible and such we are now looking for contributors who either know Rust or C/C++.

- I have moved a few weeks ago to Berlin and the legal entity will most probably be established here in Germany.

- Because of the regulatory issues regarding ICOs we do not believe any longer that we will host an ICO. This will only happen if the legal landscape gets better in the following months.

So, no crowdsale or offering of any kind? How are people going to get a hold of the crypto then? By mining it?
Does that mean we have to hold on till the blockchain is release before we can acquire it. No placeholder ERC20 to keep first and swap later?
Also, sharding isn't off the table right? Just on hold?

octavonce

newbie

Activity: 135

Merit: 0

A few updates regarding the status of the project:

- Because of several issues regarding sharding (cross-shard smart contract calls are very hard to implement right, shards are difficult to merge and partition tolerance pretty much fails with sharding) we have decided to stop focusing on it at this moment, simplifying the whole architecture and making the codebase much smaller.

- Because sharding has been dropped, we have decided to re-write the code in the Rust programming language in order to optimize the consensus algorithm as much as possible and such we are now looking for contributors who either know Rust or C/C++.

- I have moved a few weeks ago to Berlin and the legal entity will most probably be established here in Germany.

- Because of the regulatory issues regarding ICOs we do not believe any longer that we will host an ICO. This will only happen if the legal landscape gets better in the following months.

octavonce

newbie

Activity: 135

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I have written a new article about smart contracts. Check it out: https://medium.com/purple-protocol/how-smart-contracts-will-revolutionize-law-and-finance-e2515dcb8845

octavonce

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Activity: 135

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Quote from: Ohgreatanotherone on November 19, 2018, 11:08:09 AM

Quote from: octavonce on November 18, 2018, 10:37:45 AM

Quote from: Ohgreatanotherone on November 18, 2018, 04:45:49 AM

Been checking in daily for updates - yeah, I know, I'm jobless like that. Haven't heard a peep - yeah, I know, new blockchain development is time consuming. So, just asking if there's a morsel of an update to be had Grin

We have received feedback that the technical side is not detailed enough so we began writing the protocol's wiki which will contain an in depth explanation of everything. We will announce here when it is released.

Back to twiddling my thumbs and hoping for the best.
This waiting game can make a saint out of anybody.
Could you help a saint with an ETA? Grin

We open sourced the repository containing the wiki today. It's still a WIP but you can check it out here: https://github.com/purpleprotocol/wiki/wiki

Ohgreatanotherone

member

Activity: 476

Merit: 17

Quote from: octavonce on November 18, 2018, 10:37:45 AM

Quote from: Ohgreatanotherone on November 18, 2018, 04:45:49 AM

Been checking in daily for updates - yeah, I know, I'm jobless like that. Haven't heard a peep - yeah, I know, new blockchain development is time consuming. So, just asking if there's a morsel of an update to be had Grin

We have received feedback that the technical side is not detailed enough so we began writing the protocol's wiki which will contain an in depth explanation of everything. We will announce here when it is released.

Back to twiddling my thumbs and hoping for the best.
This waiting game can make a saint out of anybody.
Could you help a saint with an ETA? Grin

octavonce

newbie

Activity: 135

Merit: 0

Quote from: Ohgreatanotherone on November 18, 2018, 04:45:49 AM

Been checking in daily for updates - yeah, I know, I'm jobless like that. Haven't heard a peep - yeah, I know, new blockchain development is time consuming. So, just asking if there's a morsel of an update to be had Grin

We have received feedback that the technical side is not detailed enough so we began writing the protocol's wiki which will contain an in depth explanation of everything. We will announce here when it is released.

Ohgreatanotherone

member

Activity: 476

Merit: 17

Been checking in daily for updates - yeah, I know, I'm jobless like that. Haven't heard a peep - yeah, I know, new blockchain development is time consuming. So, just asking if there's a morsel of an update to be had Grin

octavonce

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Activity: 135

Merit: 0

After receiving feedback that the text on our website makes bold claims, we have updated it to indicate that the technology is still at an experimental stage and that the numbers posted are only theoretical.

If anyone has any more feedback we are happy to hear about it either here or at [email protected]

octavonce

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Quote from: Ohgreatanotherone on November 06, 2018, 04:43:01 AM

Quote from: octavonce on November 03, 2018, 07:26:10 AM

Quote from: Ohgreatanotherone on November 03, 2018, 07:16:40 AM

Quote from: ?? on ??

Bump

You're risking your account by bumping (using the word bump) on an ANN thread instead of posting something constructive (even if mildly). BTW, where are we on the team profile? It's been over a week if I recall correctly

I've read on the forum rules that it is allowed to bump a thread once every 24 hours. I try to keep the bumps as constructive as possible but I don't have something constructive to write each day.

Regarding the team, we are working on an updated version of the website which will also contain the team section but it is still a WIP.

Any ETA on when that will finally be out?
Meanwhile, would love to run something by you through PM if you don't mind. Can I PM you?

To answer your question,

We do not yet have a full-time developer responsible for the website so it might take a while and I don't really have an ETA, but in the meanwhile I can answer your question about the team directly here.

We are a still a small team from Eastern Europe that is trying to relocate and to expand it's ranks but the main people (excluding advisors) in the team are:
* Octavian Oncescu - Founder and core developer
* Radu Irava - Operations
* Tudor Gheorghiu - Core developer

Ohgreatanotherone

member

Activity: 476

Merit: 17

Quote from: octavonce on November 03, 2018, 07:26:10 AM

Quote from: Ohgreatanotherone on November 03, 2018, 07:16:40 AM

Quote from: ?? on ??

Bump

You're risking your account by bumping (using the word bump) on an ANN thread instead of posting something constructive (even if mildly). BTW, where are we on the team profile? It's been over a week if I recall correctly

I've read on the forum rules that it is allowed to bump a thread once every 24 hours. I try to keep the bumps as constructive as possible but I don't have something constructive to write each day.

Regarding the team, we are working on an updated version of the website which will also contain the team section but it is still a WIP.

Any ETA on when that will finally be out?
Meanwhile, would love to run something by you through PM if you don't mind. Can I PM you?

octavonce

newbie

Activity: 135

Merit: 0

Quote from: U on November 03, 2018, 07:41:05 AM

SHOW US THE CODE AND PRODUCT Cry

All of the code is open source: https://github.com/purpleprotocol

U

full member

Activity: 503

Merit: 106

SHOW US THE CODE AND PRODUCT Cry

octavonce

newbie

Activity: 135

Merit: 0

Quote from: Ohgreatanotherone on November 03, 2018, 07:16:40 AM

Quote from: ?? on ??

Bump

You're risking your account by bumping (using the word bump) on an ANN thread instead of posting something constructive (even if mildly). BTW, where are we on the team profile? It's been over a week if I recall correctly

I've read on the forum rules that it is allowed to bump a thread once every 24 hours. I try to keep the bumps as constructive as possible but I don't have something constructive to write each day.

Regarding the team, we are working on an updated version of the website which will also contain the team section but it is still a WIP.

Ohgreatanotherone

member

Activity: 476

Merit: 17

Quote from: ?? on ??

Bump

You're risking your account by bumping (using the word bump) on an ANN thread instead of posting something constructive (even if mildly). BTW, where are we on the team profile? It's been over a week if I recall correctly

Gireesh.giri

newbie

Activity: 130

Merit: 0

Just did the first benchmark on the consensus algorithm. I estimated it will be able to handle around 5000 transactions per second. I got surprised when the benchmark yielded 13000 transactions per second! This means that with sharding, Purple can handle 13000 x 256 = 3.4 million tps.

Topic: [ANN] Purple Protocol - The Global Decentralized Ledger Infrastructure - page 3. (Read 21779 times)