Interesting and promising project. But why the token price is so low? Is there any information about new exchanges?
Lamden is operating under the rader. They are busy coding and working on the infrastructure while marketing is being worked on.
looks great, will there be a smart contract
Yes, They are creating their own Turing Incomplete variation of the Python language called Seneca that will be used for Smart Contracts on the blockchain, Cilantro.
Why Turing Incomplete variation? Stu explained it well in the blogs which you can find it
here.
In terms of Turing incompleteness and Lamden, the Lamden Tau token will be deployed on a
delegated proof-of-stake blockchain system featuring this Turing incomplete smart contracting language.
guys, I am very interested in running a masternode, do you have any information about how many coins is needed for a running one of masternode and when do you plan to run this feature. Probably it should be right after a mainnet launch?
To be masternode you need 100,000 tau.
Actually it is not determined and finalized yet.
Stu said once 100k but it is not 100% sure. They 're still finalizing the economic model.
Do you know if they are doing dpos as well like Lisk, so you earn tokens for voting?
It will be a different kind of model that we are used to as Delegated Proof of Work.
In order to be a delegate, you need witnesses to vote for you. 1 witness is 1 vote.
To be a witness, you'll need 10k TAU to be able to vote for delegates.
The delegate will need 100k TAU (as I have understood) to run a masternode.
Rewards for being a delegate and running a masternode is for me still not clear (will be clear in upcoming whitepaper).
The purpose of the Tau token "is a simple token that every chain can interact with. This allows users to use a single agnostic type of token to interact with any chain on the network."
https://lamden.io/faq/But Clove (one of Lamden's development tools) claims to "make atomic swaps between blockchains easy" for Bitcoin-based and Ethereum-based chains. So why is the Tau token needed if Clove will make atomic swaps possible? Here
https://lamden.io/about-token/ they explain that Tau will facilitate Lamden's decentralized atomic swap network, but if the atomic swaps are working then there is no need for an intermediary token. It defeats the whole purpose of atomic swaps.
Can one of the Tau devs explain this more?
TAU will be the middleman to do the atomic swaps.
For example: if you want to swap LSK -> ETH then it will be LSK -> TAU -> ETH.
@Devs correct me if I'm wrong.