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Topic: Blink - The most scalable alternative to blockchain (Read 1058 times)

newbie
Activity: 57
Merit: 0
Hey, we launched a while ago a discord channel exclusively dedicated to DAG cryptocurrencies.

We list over 40 DAG projects, some are good, others are pretty bad. Each project has its own channel so you can check what's up with your favorite DAG.
Blink has its own channel.

You can join here:

https://discord.gg/dzSn3jY

See ya !
newbie
Activity: 37
Merit: 0
Our COO recently posted a Medium Article where he analyses the latency and finality in different cryptocurrencies. You can read it here.
newbie
Activity: 37
Merit: 0
Hey guys, the final part of “Anatomy of a transaction” can be read here. You can check the entire series on our Medium page.
newbie
Activity: 37
Merit: 0
Hey guys, here’s the 3rd part of “Anatomy of a transaction”. Here we describe how a valid transaction is broadcasted and eventually accepted in the network, and how the double spends get rejected. You can read it here.
newbie
Activity: 37
Merit: 0
Our second article which describes the details of our protocol is out! You can read it here.
newbie
Activity: 37
Merit: 0
Blockchain is old and reliable platform to do so much transactions so better go with experience rather than trying new
Blockchain was the first solution to the distributed ledger problem. It is old and reliable, but it definitely doesn't scale.
newbie
Activity: 31
Merit: 0
Blockchain is old and reliable platform to do so much transactions so better go with experience rather than trying new
newbie
Activity: 37
Merit: 0
We started a series of Medium articles to better explain details of our protocol. You can read the first article here.
newbie
Activity: 37
Merit: 0
Does it really made scalable or is just told so for advertising it?

Our current implementation supports 20,000 transactions per second, with a confirmation time of 300-600 milliseconds. We do plan on making the code open source in the future.

Does it have efficient trader identifier combination? that thing helps identify the traders

Not sure what you mean, but we have accounts, similar to Ethereum.
newbie
Activity: 36
Merit: 0
Does it have efficient trader identifier combination? that thing helps identify the traders
newbie
Activity: 31
Merit: 0
Does it really made scalable or is just told so for advertising it?
newbie
Activity: 37
Merit: 0
Hey guys, we've tried to explain the fundamentals of the Distributed Ledger problem in our latest Medium article. Any feedback is welcomed Smiley .
newbie
Activity: 35
Merit: 0
It would be certainly succesful because in so many days no efficient protocols evolved substituting blockchain
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
Anyone ever used this yet with good effect? I use something similar (I am not technical but it seems to me the same "type") with Byteball, and I always enjoy how it works - different from blockchain and yet still called "blockchain".

Did you decide yet on how you will do distribution? Maybe similar also to byteball?
newbie
Activity: 37
Merit: 0
Hey guys, check out this GIF showing a transaction in the Blink Wallet https://twitter.com/theblinknet/status/981900386108956672 .
newbie
Activity: 37
Merit: 0
And who gave you the right to control the whole supply? if 0.01% of the world population has most of the Bitcoins, blink is about to be owned by you and your team. if you had some worthy alternative to Bitcoin, you would've kept them all for yourself. we don't like anybody who'd keep everything without sharing with the community. you should distribute 20% to the community and sell 10% in ICO.

It's amusing how you start by saying who are we (the people that built it) to decide on distribution, and then tell us how we should do distribution.  Smiley
We said a couple post ago we want to distribute the coin as wide as possible, we just haven't figured out how exactly, and want to focus on the tech right now.
We'll take as much input as possible before doing anything, so we'll think about what you said, even though you seemed unnecessarily aggressive.
newbie
Activity: 67
Merit: 0
I think it's well written. I love projects built with scalability in mind. Your take is a cwry new and novel take and on problem. I'll definitely pay close attention. Is the blink network similar to iota in any way?
copper member
Activity: 1330
Merit: 899
🖤😏
And who gave you the right to control the whole supply? if 0.01% of the world population has most of the Bitcoins, blink is about to be owned by you and your team. if you had some worthy alternative to Bitcoin, you would've kept them all for yourself. we don't like anybody who'd keep everything without sharing with the community. you should distribute 20% to the community and sell 10% in ICO.
newbie
Activity: 37
Merit: 0
20,000 transactions a second is huge. I think bitcoin is 6, eth around 20, PayPal 100 so this is no easy feet if pulled off. Still a way to go to VISAs 100,000 transactions a second but hey, they have a 20 year head start. How do you anticipate competing with bitcoin in future if they sort out transaction fees and fungibility? This is my only worry for many micro transaction coins.

Thanks!
Even if Bitcoin manages to get a lot more transaction per sec, with lower fees (pretty hard in itself), we still think our major advantage is in the latency to almost certainly confirm a message in under 1 sec.
Low confirmation times matter a lot more for microtransactions than for large cash transfers.

Since any transaction is never just accepted or rejected, but rather just increases in certainty with more information, the way we use lockers we think should be able to give high confirmation certainty in just 2 hops over the internet, which is in the order of hundreds of milliseconds.
newbie
Activity: 74
Merit: 0
20,000 transactions a second is huge. I think bitcoin is 6, eth around 20, PayPal 100 so this is no easy feet if pulled off. Still a way to go to VISAs 100,000 transactions a second but hey, they have a 20 year head start. How do you anticipate competing with bitcoin in future if they sort out transaction fees and fungibility? This is my only worry for many micro transaction coins.
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