[ANN]Raincheck - Global loyalty & rewards points exchange aggregator on Stellar - page 6.

BestKait

jr. member

Activity: 126

Merit: 1

Quote from: Dimosscolorist on August 25, 2018, 01:14:47 PM

Interesting choice of the network. Before that, I did not use Stellar. Judging by the description, this has an advantage in the security of transactions.
But it seems to me that Stellar is not so popular as ETH. Does not that bother you? I hope that this factor will not have much influence.

Hey there,

You can trust that the team chose Stellar because it will make their platform more efficient.

Cheesy

Dimosscolorist

full member

Activity: 826

Merit: 103

Interesting choice of the network. Before that, I did not use Stellar. Judging by the description, this has an advantage in the security of transactions.
But it seems to me that Stellar is not so popular as ETH. Does not that bother you? I hope that this factor will not have much influence.

sacskate

hero member

Activity: 994

Merit: 500

Quote from: Felicisimoiii on August 24, 2018, 06:48:21 PM

Quote from: sacskate on August 24, 2018, 04:25:06 PM

Plz can you give us more details about SCP consensus and the difference between it and the traditional POW and POS

Hi! Thank you for asking. This is from the whitepaper pg 31, also included on that page is a visual comparison between SCP, POW, POS, Byzantine, and Tendermint: https://raincheck-ico-static.s3.amazonaws.com/static/file/RAIN-Token-White-Paper.pdf

5.2 Stellar Consensus Protocol
The SCP provides a way to reach consensus without relying on a closed system to accurately record financial transactions. SCP has a set of provable safety properties that optimize for safety over liveness—in the event of partition or misbehaving nodes, it halts progress of the network until consensus can be reached. SCP simultaneously enjoys four key properties: decentralized control, low latency, flexible trust, and asymptotic security.

Please visit https://www.stellar.org/developers/guides/concepts/scp.html for more details

thnx for the reply so that explained to me why many new icos prefer stellar blockchain rather than ethereum . i see SCP is a way better than classic ethereum POW and POS

Felicisimoiii

jr. member

Activity: 322

Merit: 1

Quote from: sacskate on August 24, 2018, 04:25:06 PM

Plz can you give us more details about SCP consensus and the difference between it and the traditional POW and POS

Hi! Thank you for asking. This is from the whitepaper pg 31, also included on that page is a visual comparison between SCP, POW, POS, Byzantine, and Tendermint: https://raincheck-ico-static.s3.amazonaws.com/static/file/RAIN-Token-White-Paper.pdf

5.2 Stellar Consensus Protocol
The SCP provides a way to reach consensus without relying on a closed system to accurately record financial transactions. SCP has a set of provable safety properties that optimize for safety over liveness—in the event of partition or misbehaving nodes, it halts progress of the network until consensus can be reached. SCP simultaneously enjoys four key properties: decentralized control, low latency, flexible trust, and asymptotic security.

Please visit https://www.stellar.org/developers/guides/concepts/scp.html for more details

Felicisimoiii

jr. member

Activity: 322

Merit: 1

Quote from: dev.samal84 on August 24, 2018, 04:15:49 PM

Any specific reason to choose Stellar over Ethereum platform? Just curious as you are the 4th platform in a moth that choose Stellar over Ethereum.

Hey there! Good question! This is from the RainCheck team,

"RAIN Tokens are issued on the more secure Stellar network, not the Ethereum network. Ethereum tokens are issued to the ERC20 Token Standard. ERC20 tokens are easy to issue and are infinitely customisable using Ethereum’s smart contracting language but recent events have highlighted some weaknesses of using ERC20, including smart contract security issues and very slow transaction processing. Many organisations with only basic tokens use the Ethereum’s risky Turing-complete programming language. RAIN Tokens use the more secure Stellar model, without the full functionality (and potential pitfalls) of Turing-complete smart contracts. Stellar’s model of simple atomic declarative multi-operation transactions leads to better auditable code and limits uncertainty and risk. Stellar Smart Contracts are implemented as an agreement between multiple parties and enforced by transactions using Stellar –provided APIs with huge benefits in cost and confirmation time."

Also, Stellar can be traded from day 1, meaning RAIN will be tradeable from day 1.

Hope that helps! Grin

sacskate

hero member

Activity: 994

Merit: 500

Plz can you give us more details about SCP consensus and the difference between it and the traditional POW and POS

dev.samal84

copper member

Activity: 364

Merit: 103

Any specific reason to choose Stellar over Ethereum platform? Just curious as you are the 4th platform in a moth that choose Stellar over Ethereum.

Zye

jr. member

Activity: 87

Merit: 1

Quote from: iwasneverhere on August 24, 2018, 06:08:26 AM

Can you explain more what does SCP stands for? PoW means Proof of Work but I wonder what exactly SCP is, is it a PoS with the modified system?

Hello there! SCP means "Stellar Consensus Protocol"
"The SCP provides a way to reach consensus without relying on a closed system to accurately record
financial transactions. SCP has a set of provable safety properties that optimize for safety over liveness—in the event of partition or misbehaving nodes, it halts progress of the network until consensus can
be reached. SCP simultaneously enjoys four key properties: decentralized control, low latency, flexible
trust, and asymptotic security" From Page 31 of the Whitepaper! Link below!

https://raincheck-ico-static.s3.amazonaws.com/static/file/RAIN-Token-White-Paper.pdf

iwasneverhere

sr. member

Activity: 588

Merit: 251

Can you explain more what does SCP stands for? PoW means Proof of Work but I wonder what exactly SCP is, is it a PoS with the modified system?

Bryan1214

newbie

Activity: 154

Merit: 0

participating in Raincheck Lottery round 1

Ruicosta.ac

newbie

Activity: 112

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The team behind the project is both highly experienced in ICT and also well versed in that latest technology and methods for building out data driven solutions. Good projects attract good people and Raincheck continue to attract talent from many places.

Felicisimoiii

jr. member

Activity: 322

Merit: 1

Quote from: kieran_84 on August 20, 2018, 09:25:29 PM

The 1st Round of the Lottery begins is open and will go on for one week (end date 26.08 - 11:59 CEST). Here is how you can participate:

1. Join Raincheck’s Telegram group: https://t.me/getraincheck
2. Search for a 6-character code that starts with “RC” in the Telegram group pinned message
3. Submit this form: https://goo.gl/forms/uljNDDEmqy4yM9c93 and confirm your participation in this thread by posting “participating in Raincheck Lottery round 1” in the Telegram group

A total of 100 prizes of $50 in RAIN tokens will be drawn in this first round.

The winners will be announced within 24 hours after the end of the round in the Telegram group.

Al participants will be added to this sheet: https://docs.google.com/spreadsheets/d/e/2PACX-1vTGpw3pWjW7O5TM08D2jgLEFwRWDJJfG6b4oXzFjzkeJnjLng7T97mO_S1aht-FlGR6WQXVAE0OMcwJ/pubhtml

The first round of the lottery has been drawn: https://lottery.amazix.com/?eyJ0aXRsZSI6IkxvdHRlcnkiLCJ0aW1lIjoxNTM0ODQ5MjAwMTY4LCJwYXJ0aWNpcGFudHMiOiI3OCI sIndpbm5lcnMiOiI3OCJ9

We will be reviewing whether the chosen people fulfilled the conditions of participation and if necessary we will draw a few additional numbers until we have 100 winners.

Congratulations to all the lucky winners! Grin

kieran_84

jr. member

Activity: 261

Merit: 1

The 1st Round of the Lottery begins is open and will go on for one week (end date 26.08 - 11:59 CEST). Here is how you can participate:

1. Join Raincheck’s Telegram group: https://t.me/getraincheck
2. Search for a 6-character code that starts with “RC” in the Telegram group pinned message
3. Submit this form: https://goo.gl/forms/uljNDDEmqy4yM9c93 and confirm your participation in this thread by posting “participating in Raincheck Lottery round 1” in the Telegram group

A total of 100 prizes of $50 in RAIN tokens will be drawn in this first round.

The winners will be announced within 24 hours after the end of the round in the Telegram group.

Al participants will be added to this sheet: https://docs.google.com/spreadsheets/d/e/2PACX-1vTGpw3pWjW7O5TM08D2jgLEFwRWDJJfG6b4oXzFjzkeJnjLng7T97mO_S1aht-FlGR6WQXVAE0OMcwJ/pubhtml

AmaZixOfficial

copper member

Activity: 103

Merit: 8

AmaZix.com - Professional community management

Topic: [ANN]Raincheck - Global loyalty & rewards points exchange aggregator on Stellar - page 6. (Read 11442 times)