Topic: HEAT Discussion and Technical info - page 34. (Read 61483 times)

I fixed the issue... had to buy Bis from an external exchange, send it to Heat and guess what... When I try to buy an asset, it disappears! What the F is going on with this project? Its the worst experience I have had with crypto in a long time.

"The HEAT technology is still work in progress. When it's more mature and open sourced - hopefully still this year - it may become available for trading on more 3rd party exchanges. However, HEAT aims to contribute to the shift away from centralized exchanges to decentralized ones, in large part to the one provided by heatwallet.com. So listing on "big exchanges" is not a significant goal for us while decentralized exchange on Heat Wallet is."



I believe in the coming years, decentralized trading will be the gold standard, not just passwords, but also stocks, options, commodities, precious metals and futures. The New York Stock Exchange, the Nasdaq, the Chicago Mercantile Exchange and others can all be spread across the blockchain. In view of this, whether all of these exchanges should be transformed into decentralized exchanges and carried out on a global scale

How are we supposed to use Heat if there are heat fees involved? Why would they create something that isn't easier to use?

2953503512209906001

How do I buy heat from heat wallet if the fee is 0.001 heat when I am trying to buy heat on the heat wallet!?

Is the heat blockchain closed for the day? 

Maybe the team could contact some known crypto currency personas? Not the P&D ones, the more valid and serious ones. Im not really into twitter, just proposing a potential solution.

Its not that bad for zero marketing but you are right its time to let people know about Heat.

Community and communication are not enough     We need more followers
 5,000 Twitter followers

5,000 Slack members

5,000 Medium followers

 5,000 Telegram members

 If you'd ask me HEAT's real impact will be the way microservices allow anyone to operate cheap, fast and bank grade secure financial services all by themselves
It seems eos technology and the development of heat is not the same, I do not know the future heat whether the ability to challenge eos

Would you mind sharing some stats like how many heat would someone get by leasing 100,000 HEAT to you for a period of 24 hour or more ? [can be some estimates with variance, and for past data, of course in future it could be more or less on number of factors, I understand that)

HEAT WALLET 2.3.1 - UPDATE WINDOWS+LINUX DESKTOP

Contains heatledger server 2.3.1.

About Heat server 2.3.1

Highly advisory update.

Blacklists nodes below 2.1.0 which is similar to most previous release.

Fixes the display of crossed out or pending cancelled orders.
Should reduce the chance of forks by disabling the last remaining part of the virtual order matcher that is being refactored.

A blockchain scan will be performed on startup.

Note about virtual order matcher

Heat server 2.3.1 fixes forking issues on the network caused by what we call the virtual order matcher, this virtual order matcher gives us the reall-time feedback of orders matched and balances updated even when the transaction is still unconfirmed.

The virtual order has been disabled and is being moved internally so it can no longer affect the consensus mechanism. Because of this you have to wait for the next block (max 30 seconds) before you see your orders matched, cancelled or balances updated.

We are working on an update that fully enables this great feature again, it will work even better and no longer interfere where it could cause forks to happen.

https://github.com/Heat-Ledger-Ltd/heatwallet/releases/tag/v2.3.1

UPDATE NEW VERSION HEAT LEDGER 2.3.1

Highly advisory update.

Blacklists nodes below 2.1.0 which is similar to most previous release.

Fixes the display of crossed out or pending cancelled orders.
Should reduce the chance of forks by disabling the last remaining part of the virtual order matcher that is being refactored.

A blockchain scan will be performed on startup.

https://github.com/Heat-Ledger-Ltd/heatledger/releases/tag/v2.3.1

I loved this concept, I saw the platform well organized and good performance.

Best regards

Okane Satoshi

Link to the non-official HEAT Telegram Chat group

https://t.me/joinchat/Gn1YuRDeakKBT7JKBO8JHw

Well, great question but it does depend on a few things: the amount of HEAT you stake yourself and the timing on which you base this. In principle rewards should even out, so while variance is high (higher on lower stakes) overall the forging ROI should be more or less the same as bigger accounts. Even for the pool, the variance is high. In November the ROI was 4.1%, in December it will be higher due to some server upgrades and not everyone who updated yet, I will create a new report again on the site at the beginning of January to share a quick analysis of the success rate.

At least you don't have to worry about managing and maintaining your server, so especially for people who won't be able to do this or have a rather low stake (<5k HEAT for example) my service can help. I am quite active in the Slack and am doing my best to keep the server running 24/7 (using VPS). So far this has been a success in my opinion and rewards are really good I'd say.

what happens, I can not trade, I lose my position .. when it's finished

Lightning introduces some large parties to which we send all our funds. (introducing reliability on those parties)
Now we do all our transactions on the sub network between these large parties.
When needed the large parties will settle transfers between them on the bitcoin blockchain.

This leaves out the smaller parties to take part in the lightning network.
The success of Bitcoin has been the decentralization, adding centralization to it well thats basically what it is. Centralization.

No doubt one day HEAT will stop working on your average home PC and as with Bitcoin will require at least a decent internet size server with fast networking.

But with that in place I believe we are set and can have an on chain solution that does 10,000 or more txns a second and its still possible (encouraged even) for many hundreds or maybe thousands of nodes to take part in it. Sure it would cost you a few hundred a month on a decent server but POP (rewards for hosting of previous block archived) will reward you, how much that depends on the price of HEAT.

With that in place I do see a use case for HEAT which does the fast transactions and the massive storage divided over possibly many terrabytes of blockchain choped in pieces.

That last part is not what lightning offers.

And speaking of lightning, that actually needs a way to offload these lightning transactions. The HEAT blockchain could one day be great for such.

Edit:

As an addition to that, in order to operate your microservices you need to either run them on your own node or have them hosted on a node that is plugged into the transaction stream. If you'd ask me HEAT's real impact will be the way microservices allow anyone to operate cheap, fast and bank grade secure financial services all by themselves.

So as for the question what is the point of HEAT when there is Lightning network?
Well lightning doesnt provide the data stream for our microservices now does it! 

And yet, Lightning Network developers claim it would enable up to millions of transactions per second, no?  Won't that render HEAT's "purist" on-chain scaling rather moot?  What's the use case for relatively "slow" on-chain scaling in such a future?

Okay. In that case, HEAT is a worthwile SPECULATION.
Not more and not less. Weaknesses are also the size of the team (not entirely sure about that though, rumours about other team members have been around), the missing popularity or the isolation from exchanges

So sorry, missed that simple question.

Yes absolutely it applies to a decentralized network (as in spanning the globe over the internet), that has been the whole point all along.

Please also ignore the baseless fud being thrown around.

HEAT's promise of a cryptocurrency that does 1000tps on cheap servers and user PC's is still what we are building towards.

We all know about the limitations of Ethereum and Bitcoin and given the expected rise in adoption these problems will only increase.
To solve that is no simple task and can only be done through optimization of almost all aspects that make a cryptocurrency.

The progress mentioned was a great leap towards reaching that final goal.