Topic: [ANN][POW][CLO] Callisto Network - Cold Staking &amp; Security Audits - page 94. (Read 89837 times)

Quote from: fatalen on July 11, 2018, 01:19:24 AM

I do not think that everything is so simple in programming, as you say. Technology is complex and developers need to solve many logical problems.

Yes its true! Programming is not as simple as other think. A lot of logical functions, codes, syntax etc to condiser. I am a graduate of programming and I can testify the difficulties of programmer went through. I am very proud of to all the whole team for making this project possible.

icestar001

newbie

Activity: 210

Merit: 0

It looks pretty much like a nice project, but the crypto atmosphere is already saturated with so many projects trying to solve the same problem. May i know who your advisors are

Socket32

newbie

Activity: 48

Merit: 0

Quote from: Sithcs on July 11, 2018, 01:13:32 AM

Quote from: fatalen on July 11, 2018, 01:19:24 AM

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.

Is it difficult to change the code and increase the number of coins produced? I do not think so. This is a simple technical action that is likely to be tied to the economy.

Pitchipuff

member

Activity: 420

Merit: 10

Quote from: Sithcs on July 11, 2018, 01:13:32 AM

Quote from: Sithcs on July 11, 2018, 01:13:32 AM

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.

thats very long waiting and process just to make that coin the question is can you wait 6 more years?

fatalen

newbie

Activity: 14

Merit: 0

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.

Sithcs

newbie

Activity: 44

Merit: 0

Quote from: ANTIMANIA on July 11, 2018, 12:11:09 AM

Quote from: Socket32 on July 10, 2018, 11:37:21 PM

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

fatalen

newbie

Activity: 14

Merit: 0

Quote from: ANTIMANIA on July 11, 2018, 12:11:09 AM

Quote from: Socket32 on July 10, 2018, 11:37:21 PM

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

Socket32

newbie

Activity: 48

Merit: 0

Quote from: Socket32 on July 11, 2018, 12:42:28 AM

Formation of the Security Department of Callisto (EOS) is added

We decided to expand the Callisto Security Department and start working with more platforms. Callisto Security DAO workflow is abstracted from Callisto chain, as the result, we can perform security audits of third-party contracts.

We believe that the EOS is a progressive project and it also needs security audits for its smart-contracts.

Callisto Security DAO workflow is abstracted from Callisto chain

What does it mean? Rather, I need to ask: - How do I understand this?

Here is the answer from the chat administrator to Telegram.
Check our whitepaper first whitepaper.callisto.network

It's easier for me to understand if I get a short answer. Is this DAO on smart contracts? If yes, in what network?

DAO on Callisto blockchain, that will be fully released after hardfork no 2. For now, we still in build and develip Security Audit Department and preparing for hardfork no 1.

Socket32

newbie

Activity: 48

Merit: 0

Quote from: Socket32 on July 10, 2018, 11:37:21 PM

Formation of the Security Department of Callisto (EOS) is added

We decided to expand the Callisto Security Department and start working with more platforms. Callisto Security DAO workflow is abstracted from Callisto chain, as the result, we can perform security audits of third-party contracts.

We believe that the EOS is a progressive project and it also needs security audits for its smart-contracts.

Callisto Security DAO workflow is abstracted from Callisto chain

What does it mean? Rather, I need to ask: - How do I understand this?

Here is the answer from the chat administrator to Telegram.
Check our whitepaper first whitepaper.callisto.network

ANTIMANIA

full member

Activity: 420

Merit: 108

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

Socket32

newbie

Activity: 48

Merit: 0

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM