[ANN][SEM] Semux - Official Thread - page 485.

semux

sr. member

Activity: 296

Merit: 277

Quote from: nagatraju on September 08, 2017, 10:43:39 PM

Quote from: yanlap on September 08, 2017, 09:59:37 PM

Quote from: semux on September 08, 2017, 05:26:49 PM

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency! Sad

Semux Team

UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

I use the new clients . The block hold in 5048. Anybody same as me?

Yes, Same problem here. Is there any Fix for it?

Thank you guys for the feedback!

For everyone, make sure you download the latest version of the Semux wallet. If you're NOT at block #5047 (as shown on the home panel), please delete the database folder and re-sync. After that, please keep you wallet open if you're a delegate.

We only need 4 more delegates to complete these steps, so we can resume normal operation. All our seed nodes are ready and waiting.

Let work together to solve this issue.

Best,
Semux Dev

nagatraju

hero member

Activity: 672

Merit: 500

Quote from: yanlap on September 08, 2017, 09:59:37 PM

Quote from: semux on September 08, 2017, 05:26:49 PM

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency! Sad

Semux Team

UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

I use the new clients . The block hold in 5048. Anybody same as me?

Yes, Same problem here. Is there any Fix for it?

bantalguling

full member

Activity: 336

Merit: 100

whether this project will be held in the way you want to do and if this project can be in bounty to develop the coin from the project

yanlap

hero member

Activity: 672

Merit: 500

Quote from: semux on September 08, 2017, 05:26:49 PM

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency! Sad

Semux Team

UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

I use the new clients . The block hold in 5048. Anybody same as me?

semux

sr. member

Activity: 296

Merit: 277

Please join our gitter channel if you're participating in the testnet program:

https://gitte[Suspicious link removed]/semuxproject/testnet

Also, follow our twitter:

https://twitter.com/semuxproject

1x12ty

member

Activity: 172

Merit: 10

i update link for everyone , i found Semux v1.0 Alpha released this a day ago
link download https://github.com/semuxproject/semux/releases

mdodong

full member

Activity: 560

Merit: 112

I'm updating now dev. Will I be able to import my old wallet?

semux

sr. member

Activity: 296

Merit: 277

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency! Sad

Semux Team

UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

forzendiablo

legendary

Activity: 1526

Merit: 1000

the grandpa of cryptos

coin built on java? im sold. i will set up server for this later on today, hopefully the step by step is easy enough to follow

annazaitun87

full member

Activity: 672

Merit: 100

hopefully everything goes smoothly, and I think we all hope to get what has been awarded, I will try it hopefully can succeed and hopefully survive and success, congratulations on the duty of the team

semux

sr. member

Activity: 296

Merit: 277

Quote from: TheKryptonian on September 08, 2017, 10:07:05 AM

A 20% pre-mine dev award? For just a dPOS coin?

We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it. But honest feedback is that 20% seems quite high based on the information we currently have.

Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer? Or is the idea that holders outside the top 100 will pool their votes? How would they do that if they don't know each other? By voting a pool wallet as delegate?

Thank you for your input! A couple of points:

1. The consensus algorithm is dBFT instead of dPOS, though I agree that it shares many properties with dPOS.

2. The 20% dev funds will not be used for minting unless it's necessary to secure the network. It means that the community will own the majority of total circulation at least initially.

3. YES, top coinholders will vote for themselves if they are rational, and richer people will get richer. But we expect the rich people of semux to be pools, voted by public, which is no different from the bitcoin mining in terms of coin distribution.

4. If no pool is set up before we launch our mainnet, the foundation will set up an official pool.

phucdigan

full member

Activity: 490

Merit: 103

Test RESTful API Test successfully, no problem. Being Test Test Delegate, vote for me! lol Grin

In addition, all functions in the menu bar are not active. Includes: Backup wallet, exit, about.

TheKryptonian

full member

Activity: 252

Merit: 100

Quote from: ?? on ??

Quote from: Fara Chan on September 08, 2017, 06:11:44 AM

Quote from: mani mani on September 08, 2017, 06:01:03 AM

give away again Grin

but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

quite worrying if the amount of coins is too much
hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later

1,000,000,000 total supply is not a problem, considering this will be a several-year project.

In case people wonder how the coins will be distributed:
20% - Foundation and dev team
20% - Community give away, bounties and promotions
60% - Block rewards
(subject to change based on feedback)

Code:

/**
* Get block reward for the given block.
*
* @param number
* block number
* @return the block reward
*/
public static long getBlockReward(long number) {
   if (number <= 1_000_000) {
   return 100 * Unit.SEM;
   } else if (number <= 3_000_000) {
   return 50 * Unit.SEM;
   } else if (number <= 7_000_000) {
   return 25 * Unit.SEM;
   } else {
   return 0;
   }
}

A 20% pre-mine dev award? For just a dPOS coin?

We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it. But honest feedback is that 20% seems quite high based on the information we currently have.

Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer? Or is the idea that holders outside the top 100 will pool their votes? How would they do that if they don't know each other? By voting a pool wallet as delegate?

semux

sr. member

Activity: 296

Merit: 277

Quote from: Neon~ on September 08, 2017, 09:28:19 AM

Quote from: semux on September 08, 2017, 04:44:02 AM

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet

Is the --cli mode fully functional to add delegate and start forging? I'm running a headless Linux in my VM and cant use the wallet GUI.

Yes Neon, the --cli mode is fully functional. After registering as a delegate (either by GUI or RESTful API), you can start forging under headless Linux. This is what I'm doing now Grin

Neon~

sr. member

Activity: 275

Merit: 250

Quote from: semux on September 08, 2017, 04:44:02 AM

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet

Is the --cli mode fully functional to add delegate and start forging? I'm running a headless Linux in my VM and cant use the wallet GUI.

kamiyama

sr. member

Activity: 742

Merit: 251

It was very easy to understand thanks to your plain explanation.

Simple is best

CosaNostra

hero member

Activity: 843

Merit: 1004

Quote from: semux on September 08, 2017, 04:44:02 AM

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet

I love it so far, #1 now Cool

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

Quote from: mani mani on September 08, 2017, 06:01:03 AM

give away again Grin

but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

quite worrying if the amount of coins is too much
hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later

semux

sr. member

Activity: 296

Merit: 277

Quote from: mdodong on September 08, 2017, 05:52:37 AM

I'm a bit new to the concept of DPOS. Can anyone tell me how will voting help you earn? In case of SEMUX how does DPOS work?

Basically, people vote for whoever they trust. The number of votes they can give out is equal to their balance.

In semux, your balance will be locked after you vote, until you unvote. The top 100 delegates, sorted by total votes, will forge blocks and receive block rewards.

mani mani

member

Activity: 280

Merit: 10

Orient

give away again Grin

but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

Topic: [ANN][SEM] Semux - Official Thread - page 485. (Read 694145 times)