When will the payment processor be online? Is there a specific date for these.
I do not think its creators have announced anything. They may decide not to tell us before launch.
Topic: CryptoNote coins (BCN, Aeon, XMR, Monero...) and blockchain size - Trouble? (Read 2759 times)
February 19, 2016, 07:12:30 PM
When will the payment processor be online? Is there a specific date for these.
I do not think its creators have announced anything. They may decide not to tell us before launch.
February 19, 2016, 02:28:12 PM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
Is there a payment processor for Monero like the ones for bitcoin? I know bitcoin has many payment processors like Coinbase, Bitpay.
Some information was leaked last year about Paybee which is being developed by fluffypony. I don't remember the details but it includes such a service for Monero.
https://www.reddit.com/r/Monero/comments/40gkul/what_is_paybee_does_it_have_something_to_do_with/
When will the payment processor be online? Is there a specific date for these. Will it help the dark net operators?
February 09, 2016, 11:00:44 AM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
Is there a payment processor for Monero like the ones for bitcoin? I know bitcoin has many payment processors like Coinbase, Bitpay.
Some information was leaked last year about Paybee which is being developed by fluffypony. I don't remember the details but it includes such a service for Monero.
https://www.reddit.com/r/Monero/comments/40gkul/what_is_paybee_does_it_have_something_to_do_with/
February 09, 2016, 10:22:05 AM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
Is there a payment processor for Monero like the ones for bitcoin? I know bitcoin has many payment processors like Coinbase, Bitpay.
Some information was leaked last year about Paybee which is being developed by fluffypony. I don't remember the details but it includes such a service for Monero.
February 09, 2016, 07:58:31 AM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
Is there a payment processor for Monero like the ones for bitcoin? I know bitcoin has many payment processors like Coinbase, Bitpay.
January 25, 2016, 05:43:42 PM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
Shapeshift already supports XMR and has a widget available to merchants
January 25, 2016, 07:50:56 AM
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
Once a payment processor adds support for Monero, accepting it will be easy like 1,2,3
You will just have to add a widget to your site
January 25, 2016, 07:39:25 AM
I dont think mom and pop websites and business will go the extra mile after first learning about and implementing bitcoin and then have to go to the extra trouble of adapting to other protocols. And yes, there will be exchanges that will set aside the resources to take this on.
They wont have to go the extra mile, payment processors will just add a Monero option
Do you mean it is quite easy to add the monero payment even though it is anonymous coin? No extra effort is required?
January 15, 2016, 02:31:00 PM
I dont think mom and pop websites and business will go the extra mile after first learning about and implementing bitcoin and then have to go to the extra trouble of adapting to other protocols. And yes, there will be exchanges that will set aside the resources to take this on.
They wont have to go the extra mile, payment processors will just add a Monero option
How easy is to add Monero payment option. I think the code base of Monero is totally different from bitcoin. Mintpal owner stole all my bitcoin, but he could not steal my Monero. My Monero was returned to me by the next owner of Mintpal.
January 03, 2016, 02:20:13 PM
I dont think mom and pop websites and business will go the extra mile after first learning about and implementing bitcoin and then have to go to the extra trouble of adapting to other protocols. And yes, there will be exchanges that will set aside the resources to take this on.
They wont have to go the extra mile, payment processors will just add a Monero option
January 03, 2016, 08:28:23 AM
Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
Why should cryptonote coins be compatible with bitcoin? How can it be compatible? There will exchanges for the trading of these coins.
I dont think mom and pop websites and business will go the extra mile after first learning about and implementing bitcoin and then have to go to the extra trouble of adapting to other protocols. And yes, there will be exchanges that will set aside the resources to take this on.
January 03, 2016, 07:14:03 AM
Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
Why should cryptonote coins be compatible with bitcoin? How can it be compatible? There will exchanges for the trading of these coins.
December 25, 2015, 04:08:38 PM
Boolberry only has the ability to prune ring signatures and aged alternative chains. You can verify this via source code here: https://github.com/cryptozoidberg/boolberry/blob/master/src/currency_core/blockchain_storage.cpp
So pruning alone is not going to help what I consider a faulty blockchain design. I've also looked into the database code that is supposed to "one day" take the blockchain mostly out of RAM but it has serious problems of it's own.
Here is a quote in their own words "This provides over a 55% reduction in block chain size." From "basic math" calculations anything less than ~92.5% reduction is both a short and long term scalability issue.
My conclusion is that no cryptonote coin will scale (much further) without serious changes to a majority portion of it's codebase. We will see who is right and who is wrong within the next year so there need be no debate this.
So pruning alone is not going to help what I consider a faulty blockchain design. I've also looked into the database code that is supposed to "one day" take the blockchain mostly out of RAM but it has serious problems of it's own.
Here is a quote in their own words "This provides over a 55% reduction in block chain size." From "basic math" calculations anything less than ~92.5% reduction is both a short and long term scalability issue.
My conclusion is that no cryptonote coin will scale (much further) without serious changes to a majority portion of it's codebase. We will see who is right and who is wrong within the next year so there need be no debate this.
December 25, 2015, 03:34:54 AM
Your figures are wrong
1) Does AEON really exist for 38 days? The blockchain shouldn't be even close to 1GB then. AEON was launched 1.5 years ago, AFAIK. Did they relaunch the blockchain?
1) Does AEON really exist for 38 days? The blockchain shouldn't be even close to 1GB then. AEON was launched 1.5 years ago, AFAIK. Did they relaunch the blockchain?
There was no relaunch.
The figures probably were right at the time (you may not have noticed this thread is very old), but that shows the irrelevance of the issue.
The original open source pool code was extraordinarily inefficient in making tiny payouts to every single miner (could be hundreds or even thousands) for every single block. That caused enormous bloating of the chain. Once that got fixed a few months after AEON launch the chain bloat largely disappeared. So while there might have been 1 GB in the first month, after 1.5 years it is only 3.4 GB (smaller with pruning).
As you say, the size is very manageable. I recently downloaded Fallout 4 at >20 GB for one video game.
December 24, 2015, 05:51:13 PM
December 24, 2015, 05:47:05 PM
Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
This is likely to be the case. CryptoNote was designed to be different from Bitcoin; even its whitepaper is written as opposed to Bitcoin architecture. Therefore, the API is incompatible. This would not be a drawback in case of higher demand/hype, but in reality this may hinder CryptoNote much more than blockchain bloating.
Monero is doing API work and other CryptoNote coins will as well:
https://bitcointalksearch.org/topic/xmr-monero-api-net-communicate-with-monero-core-applications-easily-949393
Monero API .NET
API for data transmission and retrieval from Monero applications through the Microsoft .NET Framework
GitHub repository | NuGet package
This project allows developers to flawalessly access the functionailty of Monero applications through the Core assemblies' RPC services. As the software is open-source, everyone can contribute, achieving the best performance and reliability for end-users.
Why is this API necessary?
It makes the implementation of Monero extremely easy for merchants, wallet builders, and all the other developers who are interested in working with (or accepting) Monero. Also, the core developers can concentrate more on the internals (instead of spending time on the official GUI client), which means that the currency should advance faster.
Is it cross-platform?
The first 3 releases of the API were only made for desktop PCs running Microsoft .NET Framework 4.5 or higher, thus, resulting in a smaller userbase than wanted. Since v3, the project has been split into 2 subprojects, one which is responsible for communicating with the daemon and the account manager's RPC channel, and one which can manage the required processes on PC.
What kind of platforms can utilize the power of Monero API .NET, then?
Basically every device which has support for running the Microsoft .NET Portable Framework v4, and more: Microsoft is planning to provide native (C++) compilation of C# assemblies very soon, and this process can be even faster since .NET Core has been made open-source.
The project can run on PCs (Windows; Mac and Linux with Mono .NET), mobile phones (Windows Phone; Android and iOS with Xamarin), and even on video game consoles like Xbox.
How does it work?
As I have already mentioned above, the project consists of 2 parts: MoneroAPI, and MoneroAPI.Extensions. The first one is built as a PCL (portable class library) and is multiplatform, while the extensions are desktop-only and contain functions for hosting a full node. Basically, MoneroAPI is preferable for lightweight, client-only applications, and MoneroAPI.Extensions adds support for hosting the Monero Core processes with ease.
There is a demo project included in the GitHub repository for a more technical explanation.
Please consider donating to one of the addresses in my signature if you like this project or want to support its development.
However this thread is about blockchain size not APIs.
Both Boolberry and Aeon already offer pruning. Boolberry has done so for over a year already
3. Blockchain bloat solution (already implemented):
http://boolberry.org/files/Boolberry_Reduces_Blockchain_Bloat.pdf
http://boolberry.org/files/Boolberry_Reduces_Blockchain_Bloat.pdf
December 24, 2015, 11:10:11 AM
Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
This is likely to be the case. CryptoNote was designed to be different from Bitcoin; even its whitepaper is written as opposed to Bitcoin architecture. Therefore, the API is incompatible. This would not be a drawback in case of higher demand/hype, but in reality this may hinder CryptoNote much more than blockchain bloating.
December 19, 2015, 12:14:51 PM
agree that the size of the blockchain and its complexity (having already 50GB and due to a question about increasing blocks) very uncomfortable on household computer and the need for more smaller blockchain with such functionality, and tx processing, I think the impressiveness is not always the best, though
December 18, 2015, 12:02:50 PM
Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
December 18, 2015, 11:49:53 AM
Your figures are wrong
1) Does AEON really exist for 38 days? The blockchain shouldn't be even close to 1GB then. AEON was launched 1.5 years ago, AFAIK. Did they relaunch the blockchain?
2) Bitcoin blockchain is twice more than 20GBs as of now:
https://blockchain.info/charts/blocks-size
3) Also, CryptoNote wallet file is indeed 20-something megabytes, not more (for ordinary wallets).
Bloating problem is likely irrelevant
I honestly never saw a problem with the blockchain size for CryptoNotes. Each tx is 2-3 times larger than in Bitcoin (as discussed by CryptoNote devs). It is a linear function, so there's absolutely nothing wrong with CryptoNote blockchain.
It is slightly bigger, but still not that much. Bytecon, which has the longest and possibly the largest blockchain from all CryptoNotes is currently 6GB when fully indexed.
Eventually, there will be full and light nodes just like in Bitcoin. Infrastructure will be sorted out by the evolution.
So you are either ignorant or fuding.
1) Does AEON really exist for 38 days? The blockchain shouldn't be even close to 1GB then. AEON was launched 1.5 years ago, AFAIK. Did they relaunch the blockchain?
2) Bitcoin blockchain is twice more than 20GBs as of now:
https://blockchain.info/charts/blocks-size
3) Also, CryptoNote wallet file is indeed 20-something megabytes, not more (for ordinary wallets).
Bloating problem is likely irrelevant
I honestly never saw a problem with the blockchain size for CryptoNotes. Each tx is 2-3 times larger than in Bitcoin (as discussed by CryptoNote devs). It is a linear function, so there's absolutely nothing wrong with CryptoNote blockchain.
It is slightly bigger, but still not that much. Bytecon, which has the longest and possibly the largest blockchain from all CryptoNotes is currently 6GB when fully indexed.
Eventually, there will be full and light nodes just like in Bitcoin. Infrastructure will be sorted out by the evolution.
So you are either ignorant or fuding.
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