[DRK] Instant Confirmations Instant X - page 2.

wozzek23

sr. member

Activity: 1568

Merit: 283

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.
So it's not actually instant at all. Just marketing bullshit.

You can always go to your bank and wire funds, go home and wait for several days for funds to clear, after paying a hefty fee, assuming your old clunker is not being towed by the police.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: anonymousxx1503 on November 08, 2014, 03:49:04 PM

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

Here come the haters! It was confirmed pretty much 2 sec after he clicked the button. Normal confirmations do not apply anymore when InstantX is enabled. The transaction is securely locked in place and cannot be double spent against, same as 6 confirmations of the regular blockchain. Something you don't get about that ?

Actually your dev said that himself.

If he has changed his stance let me know.

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: poncom on November 08, 2014, 03:52:17 PM

Is this being added to dark coin as a new feature?

Yes it is, the code is written and being refined now, testnet is coming too and then into the next release of Darkcoin (Current release is Darkcoin ONYX (10.15.21)).

poncom

sr. member

Activity: 318

Merit: 250

Is this being added to dark coin as a new feature?

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: mr_random on November 08, 2014, 03:44:04 PM

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

Here come the haters! It was confirmed pretty much 2 sec after he clicked the button. Normal confirmations do not apply anymore when InstantX is enabled. The transaction is securely locked in place and cannot be double spent against, same as 6 confirmations of the regular blockchain. Something you don't get about that ?

mr_random

legendary

Activity: 1344

Merit: 1001

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

g4q34g4qg47ww

sr. member

Activity: 478

Merit: 250

Whitepaper: https://www.darkcoin.io/wp-content/uploads/2014/09/InstantTX.pdf Cheesy

Ignition75

sr. member

Activity: 462

Merit: 250

www.dashpay.io

Touchless payments is where it's at for me Tongue

Propulsion

hero member

Activity: 658

Merit: 500

The Buck Stops Here.

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

Topic: [DRK] Instant Confirmations Instant X - page 2. (Read 2394 times)