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Topic: [ANN][SIM] Simcoin - A Simple Coin - page 12. (Read 157752 times)

hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 31, 2014, 04:59:03 PM
Can you make sure the windows wallet will work on a 32bit computer Smiley thanks

Mine is 32-bit, so yeah Smiley
hero member
Activity: 668
Merit: 500
August 31, 2014, 04:46:19 PM
Can you make sure the windows wallet will work on a 32bit computer Smiley thanks
legendary
Activity: 1498
Merit: 1000
August 31, 2014, 01:16:13 PM
But please show me what I invested in lol

What, you missed the last test? Should come here more often Wink

Next one will be somewhere in September.
Hehe I am only joking!

hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 31, 2014, 01:14:36 PM
But please show me what I invested in lol

What, you missed the last test? Should come here more often Wink

Next one will be somewhere in September.
legendary
Activity: 1498
Merit: 1000
August 31, 2014, 01:13:05 PM
I like your confidence about SimCoin!  Cool

That's because I've seen it work Smiley

Unless I missed some fatal flaw, it will rock.
But please show me what I invested in lol
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 31, 2014, 01:07:10 PM
I like your confidence about SimCoin!  Cool

That's because I've seen it work Smiley

Unless I missed some fatal flaw, it will rock.
full member
Activity: 180
Merit: 100
August 31, 2014, 12:59:53 PM
I didn't read your answer there. I like your confidence about SimCoin!  Cool
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 31, 2014, 09:34:15 AM
Distribution update



254 accounts own simcoins now vs 210 after the IPO.

The top 10 accounts own 21.26% vs 21.25% on July 20.

Progress report

Not much of a progress this week, had to take care of some real life stuff.

Nevertheless, did a major refactoring of the Heart (that's the main module that is responsible for transaction consensus). Simplified a lot, transactions are now not individual tasks anymore, but simple objects inside the Heart, this should also improve performance. Fixed a few bugs. Transaction Pipeline diagram updated to reflect all the changes.

So we are now on the homestretch before the first complete version of the core.

This is supposed to be a bare-minimum system, but with all the main functionality in place:
- encrypted network protocol
- time sync
- secure, encrypted vault
- account registration
- 'send' transaction
- fast and reliable consensus
- bootstrapping
- reorg
- arbitrary history truncation
- compact database
- client subscription/account info

I estimate that although some parts might take a bit longer, the core itself should be ready by the end of September (assuming no major interruptions, of course - things happen, you know).

Node's codebase is currently 12,500 lines of code, all the cryptographic code (blake, salsa, ed25519) takes about 3,000 lines. Also, some parts are still messy, with lots of "this should probably…"-style comments, so I expect it to shrink even further.

legendary
Activity: 1498
Merit: 1000
August 30, 2014, 06:44:55 AM
I don't want to hear about crypto not trying to supersede majority of money transactions in the world.

I guess if you lived a century ago you would go to Wright brothers and tell them that you are very upset they do not build their planes to be able to fly to Mars...

I HAVE A DREAM!!!!....
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 30, 2014, 06:39:37 AM
I don't want to hear about crypto not trying to supersede majority of money transactions in the world.

I guess if you lived a century ago you would go to Wright brothers and tell them that you are very upset they do not build their planes to be able to fly to Mars...
full member
Activity: 189
Merit: 100
August 30, 2014, 06:29:29 AM
Is it possible to have (and exceed) the TPS of Visa?

No crypto will be able to match Visa any time soon.
Luckily, it will also probably not be needed in the nearest future.

Yes, but 100 bytes * 30,000 tps = 3MB/s. Which brings me to thoughts about decentralized currencies having decentralized hierarchy.

30,000 TPS is a ridiculous number.

And at 100 TPS it will be just 10 Kb/sec.
25,000 TPS it is just what is written about Visa alone. There are other payment systems, plus I guess most of the people on the planet still using paper money.
I don't want to hear about crypto not trying to supersede majority of money transactions in the world.
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 30, 2014, 06:09:58 AM
Is it possible to have (and exceed) the TPS of Visa?

No crypto will be able to match Visa any time soon.

Luckily, it will also probably not be needed in the nearest future.


Yes, but 100 bytes * 30,000 tps = 3MB/s. Which brings me to thoughts about decentralized currencies having decentralized hierarchy.

30,000 TPS is a ridiculous number.

And at 100 TPS it will be just 10 Kb/sec.
full member
Activity: 189
Merit: 100
August 30, 2014, 05:19:45 AM
What speed of transactions it will have?

My design goal is "at least 100 transactions per second with confirmation time under 1 second".
Ye, that's why I'm asking. How fast transactions will be in the September's core release?

Is it possible to have (and exceed) the TPS of Visa?

By the way, transaction size:
* Bitcoin: 250 bytes (although it can easily reach 5-10 Kb, depending on the number of inputs and outputs)
* NXT: 160 bytes
* SIM: 96 bytes
Not bad.
Yes, but 100 bytes * 30,000 tps = 3MB/s. Which brings me to thoughts about decentralized currencies having decentralized hierarchy.
full member
Activity: 241
Merit: 100
August 30, 2014, 01:08:52 AM
It seems that it will become a good coin. Smiley
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 28, 2014, 07:08:41 AM

https://nxtforum.org/general-discussion/public-key-for-fresh-accounts-this-is-a-wrong-decision/

Quote from: _mr_e
why in the world wasn't that done from day one???

Indeed.
hero member
Activity: 686
Merit: 500
August 25, 2014, 02:43:01 PM
i don't get it ^
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 25, 2014, 02:40:58 PM
Code:
class Thread
{
 protected: HANDLE h;
 public:
virtual void run(){ }

bool start(){ h = (HANDLE)_beginthread(Run, 0, this); return (h > 0); }

static void __cdecl Run(void *obj){ ((Thread*)obj)->run(); }
};

Ain't this class a beauty? Smiley
hero member
Activity: 840
Merit: 1002
Simcoin Developer
August 25, 2014, 12:30:42 PM
Thanks for your support, guys Smiley
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
August 25, 2014, 12:27:56 PM
Most coins promise so many features and breakthroughs and shills try to hype them.
I have invested in some of them too but when SIM will ROI like BTC and NXT I will be again the one who saw it again.

The rest can go follow stupid pump & dumpers at twitter and NXT AE..

Well said
newbie
Activity: 7
Merit: 0
August 25, 2014, 10:27:35 AM
Most coins promise so many features and breakthroughs and shills try to hype them.
I have invested in some of them too but when SIM will ROI like BTC and NXT I will be again the one who saw it again.

The rest can go follow stupid pump & dumpers at twitter and NXT AE..

+1
I'm with you on that!
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