Topic: [ANN][DKC] DijkstraCoin | PoW + PoS |New Algorithm Transactions|No IPO - page 13. (Read 28725 times)

LOL.

Holy shit! I had a .00005% chance of finding a block and somehow my little gridseed did it.






edit: WTF? I must have done the math wrong, I just got another!

edit: wait i did do the math wrong

Well. If dev has some bounties, plans for future we will listen to him. Otherwise let it die. I think it is fair.

I guess, I am ridiculous with my setgenerate true 4 then
(10 millions premine... )

Scrypt. I'm using CGminer

what algo is it ?

The title clearly says "ASIC Resistant" but I can easily mine using my Gridseed ASIC.

Okay. Let's see hows it going.

If I understand how the dev is implementing this, then there should be faster confirmations. Although I have no idea how much faster it would make confirmations it does make sense to optimize transactions geographically. Dijkstra's algorithm is a geographic distance analysis. For example, say I want to send crypto from my wallet in California to a store in New York. Typically you would send your crypto and it would be confirmed on the network. But where geographically is it on the network? If you need say 6 confirmations, you might be getting these confirmations from anywhere on the network. So if there is a node in china that will confirm the transaction, the data must travel from my telephone poles/ISP provider, across the ocean floor and to the node in china (yes there are large fiber optic cords connecting the internet between continents) to get the confirmation.  All six confirmation could be from anywhere in the world. Therefore the data must travel much further geographic distances. Data must travel either through internet cords or wireless to different geographhic locations throughout the world. Dijkstra's algorithm will reduce the geographic distance needed. So in the example where I am sending money from California to New York, dijkstra's algorithm will find the 6 most optimum nodes (geographically) between California and New York. This algorithm looks at the location of the start and end points and all the edges (lines connecting the nodes) in order to determine the best route. So the 6 nodes needed to confirm the transaction would be in between California and New York. There is no need to send data all over the world for confirmations. I believe this would optimize data flow of transactions.

That said, I haven't actually looked at the code yet. I hope the developer can explain the details of how Dijkstra's algorithm is applied. Please correct anything I may have said.

edsger.dj, if your team needs any help I am interested in joining. Even just to explain concepts and relay information to people. I feel people need to understand the concept and see some results. I will go over the code in the next fews days. You should update the first page immediately to let everyone know this is a scrypt coin and the innovation is in improving transactions.

What is that all means? Faster confirmations?

I wouldn't jump to call it a scam just yet. The developer created unrealistic expectations when he said the POW algorithm is DIJKSTRA. So now people may think it's a scam. If he always said it was scrypt with Dijkstra applied to transactions then your expectations would have been met. I think this may have been an unfortunate communication issue. If you think about the algorithm applied to transactions it is a really innovative idea. I'm looking forward to seeing more about this coin. The developer hasn't really explained the concept to people. Everyone just thought new POW algorithm, better jump on it right away. I think there is huge potential in this coin as it is doing something that may improve all crypto.

Why scam ? Just because its still scrypt ?

scam. I'm surprised suprnova hopped on it :/

Hi Dev,

I see that you have provided some information about Dijkstra's algorithm which is great. But what we really want to know is how this algorithm is applied to transactions and why it makes it faster? And even more important, the results of the tests. How much faster does this algorithm make transactions? Do some testing with and without the algorithm applied and show us the results. Put together a short description of how and why this algorithm makes transactions faster. I know this algorithm and am very interested in investing in this coin if it can improve transaction time. Every other coin will want to apply this algorithm to their transactions as well. If you can provide us with this information, this coin will see huge success.

Thanks

No it is scrypt

Bitcoin needs faster transactions. Sometimes it takes a hour for confirmations. 

There is a new algo. The dev just can't speak english well or something. As far as I can tell, the algo is applied to the transactions, not the POW. It is a scrypt coin with Dijkstra's algorithm applied to transactions. Not sure how much faster transactions will be though.. would love to see some results from the testing. This type of innovation could mean all coins follow suit and apply it to their transactions.

X11 software will work on this?

Orphan.