Topic: [ANN] Wild Beast Block [WBB] on 1ex.trade, no PREMINE, Honest ! - the wild one - page 129. (Read 546406 times)

Stay in line dude!
Buy from sell side if you whant!

Seriously mindblowing. Thanks dev I'm completely sold. Can't wait to see what happens once the wider crypto community starts to see the power in this thing. Now to get me some WBB!

Mindblowing

Wow Peter great work and explanation to new member, looks like the beast set to explode as there has been a ton of people buying up huge amounts past 2-3 weeks especially.

HI,

In a nutshell it is about speed, security, stability and scale-ability.
If we take lets say the grandfather of all (Bitcoin) as a base plus the fact that is local to to each client (user) we could do the following

- We assume there are 6500 to 7000 nodes out there on BTC (lets round this to 8000 nodes)
- We assume as BTC is in fact slow it has a TPS of 1 to 7 max (lets round this to 10TPS for the sake of it)
- Each 8 nodes (hard coded in BTC) for a cluster and therefore we could say there are 1000 clusters and 8 nodes each, each of the cluster is also in sync
- That means that in a sense of backup (lets say like a raid) you have 8000 copies of the blockchain flying out there somewhere which needs to stay in sync. That is a major over head but also a nearly   foolproof way of having copies as it is unlikely 8000 nodes are gone  

Then we have the round times of 10 min ish ( its a little less in calculation but lets keep it simple) so we could say the latency is 10 minutes which is very bad. If lets say the network grows 3 times to what it is now the network load would be extreme and no improvement on speed , storage and so on.

With only 10 TPS (Transaction per second) it is very slow and in business terms not usable. The fact also that there are 8000 copies floating around is good in a perspective of backup but not the best way on security and efficiency.

In time as the usage grows on BTC the issue that clients need to hold bigger chain becomes unrealistic and it take days already to get in sync. Even now people working on it / talking how they could increase the storage/speed and so on.

If lets say a business (lets take a bank) they can not use it due the TPS limitation and that there are to many nodes floading around. If we lets say they have just 1000TPS (a slow day with them) and a peak of 5000TPS (also very low) then
a.) they will never get the throughput
b.) network may crash/overload
c.) the storage of clients will be full before they can say "bah". This means the end-user (like you) and you have a local BTC wallet will fill your 1TB HDD in no time. And here i am not talking in months , here we are talking in hrs/days.
d.) only a few in the end will be able to hold the amount of data in the chain if they get it in it


So WBB is moving the otherway but still keeping a decentralized part.
The latest test on the WBB V5 test coin we use and the new setup we are using we done the following.

- a small 3 server setup inclusive regulator, replicator
- automated doc insertions tests to it with a size of 900kb with no payload (config test and insertion)
- load balance automatically

On these test we already reached speeds of 800TPS stable and load was only 50%
Here is a graph from the tests

At this point test was running already stable for some time and 790000 doc inserted at a stable rate of 790 to 800 TPS



About 24 min later another 400000 doc been inserted and tps still steady and stable at 790 to 800TPS


Now this is still not fast enough and this weekend we 10 fold the setup and configure it to real time setup.
The we run a new benchmark and load tests on it
After this is done the V5 will start inserting to this test setup. But before we need to configure all correct and correct the code as needed. This part is time consuming but we get closer every day.

- Now once WBB is complete then the example with the business above could use this and has no issue on speed.
- Also there want be 8000 nodes floating around out there
- if a node fails others take automatically over
- clients don't need to use their private storage
- latency is in milli seconds not minutes
- much more but we leave this for later


edit: BTC as per this calculation would take 100 times longer so about 40hrs plus (compared to 24 min on WBB) if it can manage it and most of the normal nodes (clients ) probably have already a storage issue taking this small test we done.


Thanks

Peter






 

I believe you make a very valid point, when it comes to the real use cases of crypto. That applies not only to WBB but also to any other one.
One example that I may quickly think of is cheap (compared to regular banking) and quick transfer of funds to any place on the Earth.

hi all. Long time reader, new account holder, first time poster

I'm not a miner or a serious investor but I love buying into new projects that get me excited. The current ~10 hypers on this thread seem (mostly) legit from watching your total forum activity, not just shillers, and dev has been a total legend over the last 1.5 years, all of which has got me SUPER interested in WBB. The thing I can't wrap my head around is where the real long term value in use cases is for WBB over any other crypto.

I've seen many posts talking about the project making waves but is there somewhere where I can go for a detailed explanation of how this whole project works and where this thing is actually going; not just the business plan.

This isn't about making a quick buck - I'm really interested in any disruptive tech or systems and want to understand the power of the WBB project so I can get behind it fully and become a local advocate. I've downloaded the chat client and am trying to get my friends to use just to intro them to WBB, but I need to understand this project better overall. My guess is that I'm not the only noob out there who is excited by the wildbeast but doesn't fully understand it.

Any help would be greatly appreciated. Keep up the great work dev!

hi

no need for it when we upgrade

Thanks

Peter

Probably this question has been already added in here, but just for the sake of clarity: Peter, do we need to withdraw the funds from 1ex.trade before the upgrade to version 2?

WBB holding up strong , I don't think it will drop much now with all coming. 

everybody watching france - roumanie?

thanks to payet

Damn it - make up your minds! 

Stop fudding this bitch! 

Sorry heh, OK OK nobody buy this shitcoin! 

Stop hyping this bitch! 

I tell you wbb (and soon 1ex) is volcano ready to erupt!  You can see it in the charts and with this build up of great dev work/tech and community!   Looking fwd to all dev has coming and how/when they will update the ANN's to show off everything.  Also excited to see what level of businesses dev has coming into the fold for 1ex and wbb action!  Not just crypto traders whales here people, I think will go much heavier hitters using wbb and 1ex soon!

With the era of self driving cars upon us, could this technology that is being setup with WBB be used to keep the systems that will control all of these cars safe from outside disturbances like hacking and the like?

He or she could have 100k but I don't think so, if it's the case a screenshot of the wallet would be nice to see. 

I wouldn't be surprised if he/she/it/zie/sie/ey/ve does.  Thoth is an Atlantian pimp.  So sayith the Emerald tablets.

I think Uve picked it up wrong , Id be near sure he/she don't have 100k lol