IOTA - page 760. | Bitcointalksearch.org

martismartis

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Activity: 1162

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Maybe really stupid question: Jean-Luc posted roadmap for NXT and one of the planned features will be blockchain "pruning" (next year). Could Iota help using checkpoints not only for security, but also for "pruning" blockchain resulting data size decrease of it?

In other words, how close NXT and Iota can cooperate?

P.S. Not native English, sorry

Quote

Tangle-blockchain interoperability

Iota does not seek to replace the blockchain entirely, it also acts as a supplementation to the current blockchain ecosystem by acting as a oracle for smart contract platforms like Ethereum and Rootstock. Additionally it increases security of blockchains by enabling the ability to include checkpoints for transactions.

jabo38

legendary

Activity: 1232

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mining is so 2012-2013

Quote from: Come-from-Beyond on October 22, 2015, 05:24:18 AM

Quote from: jabo38 on October 22, 2015, 05:17:19 AM

Quote from: Come-from-Beyond on October 21, 2015, 06:38:22 PM

999'999'999.999999999 units.

That is a lot of 9's. Any logic behind picking this number? Chinese people believe 9 is the "ever lasting number".

"Iota" is the 9th letter of the Greek alphabet.

I also thought of GUI devs, 1 billion coins would require to extend the field for the amount more, so subtracting the min allowed unit helps a little by saving millions of kilometers of user screen space per year.

hahahaha, good.

Come-from-Beyond

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Newbie

Quote from: jabo38 on October 22, 2015, 05:17:19 AM

Quote from: Come-from-Beyond on October 21, 2015, 06:38:22 PM

999'999'999.999999999 units.

That is a lot of 9's. Any logic behind picking this number? Chinese people believe 9 is the "ever lasting number".

"Iota" is the 9th letter of the Greek alphabet.

I also thought of GUI devs, 1 billion coins would require to extend the field for the amount more, so subtracting the min allowed unit helps a little by saving millions of kilometers of user screen space per year.

Come-from-Beyond

legendary

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Quote from: jabo38 on October 22, 2015, 05:12:10 AM

Is that because of the network being fractured?

Also, is there a rough estimate of how long a transaction must be in the system to be considered more or less final?

Like in Bitcoin, there is a 3 block confirmation time and a person can be reasonably assured that transaction won't be reversed.

It's because of latency.

Confirmation time depends on TPS rate. Before TPS becomes constant we'll be using checkpoints issued every 5 minutes, so after your transaction gets more than 50% of the votes you can treat it as confirmed.

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Quote from: Come-from-Beyond on October 21, 2015, 06:38:22 PM

999'999'999.999999999 units.

That is a lot of 9's. Any logic behind picking this number? Chinese people believe 9 is the "ever lasting number".

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Quote from: Come-from-Beyond on October 22, 2015, 05:06:16 AM

Quote from: Jimmy2011 on October 22, 2015, 05:04:07 AM

BTW, as it doesn't need to get global state of the tangle for the node, so is the tangle possible for decentralized game?

Some players may not see actions of others in time. Not sure tangle is good for games.

Is that because of the network being fractured?

Also, is there a rough estimate of how long a transaction must be in the system to be considered more or less final?

Like in Bitcoin, there is a 3 block confirmation time and a person can be reasonably assured that transaction won't be reversed.

Come-from-Beyond

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Activity: 2142

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Quote from: Jimmy2011 on October 22, 2015, 05:04:07 AM

BTW, as it doesn't need to get global state of the tangle for the node, so is the tangle possible for decentralized game?

Some players may not see actions of others in time. Not sure tangle is good for games.

Jimmy2011

hero member

Activity: 589

Merit: 500

Quote from: Come-from-Beyond on October 21, 2015, 02:31:28 PM

Quote from: billotronic on October 21, 2015, 02:18:23 PM

ball park eta til you have something in the wild?

By Christmas.

Look forward to the Christmas gift

BTW, as it doesn't need to get global state of the tangle for the node, so is the tangle possible for decentralized game?

Come-from-Beyond

legendary

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Newbie

Quote from: makoto1337 on October 22, 2015, 03:27:04 AM

Interesting, but isn't quantum secure cryptography slow in its current form?

No (http://crypto.stackexchange.com/questions/8979/winternitz-one-time-signature).

Come-from-Beyond

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Quote from: LiQio on October 22, 2015, 03:00:10 AM

Looks like a contradiction at the first glance. CfB/iotatoken could you shed more light on the mining/PoW requirement?

Hiring of miners is required when it's a choice between life or death of the network. In this case you have to move away of total decentralization.

Come-from-Beyond

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Quote from: Seccour on October 22, 2015, 12:28:13 AM

The attacker can leave after he received the good and then issue the double spend as said in the Whitepaper. So the merchant will not see anything until the attack succeed ( if it succeed )

Tangle doesn't remove necessity to wait for enough confirmations for on-tangle payments.

Come-from-Beyond

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Quote from: Anon136 on October 21, 2015, 10:13:03 PM

If the network is fracture tolerant, than there is a concern that you might be validating a doublespend transaction without realizing it when creating your own transaction. This wouldn't be much of a big deal assuming only a hand full of dinguses trying to doublespend for personal profit, but what if someone(s) tries to exploit this as an attack vector against the network its self with no intention of personally profiting from the actual double-spend.

Assuming that the main part of the network has most of hashing power, only nodes on the separated part will be affected.

wildduck

legendary

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Great project i will be watching this one

Come-from-Beyond

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Newbie

Quote from: nexern on October 21, 2015, 08:30:46 PM

a fluid, self-organizing swarmchain?
what are the data storage requirements for each node/device over time?

Lower bound is TOTAL/numberOfDevice, upper bound is TOTAL, the truth is somewhere in between, because redundancy above the lower bound is needed. TOTAL can be pretty little, though, beause majority of the payments will be done off-tangle, I think.

superresistant

legendary

Activity: 2142

Merit: 1125

Come-from-Beyond
brand new
the Internet-of-Things
quantum-resistant cryptography
This is why Iota was conceived
Tangle

makoto1337

legendary

Activity: 1596

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I am not Dorian Nakamoto.

Interesting, but isn't quantum secure cryptography slow in its current form?

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: Come-from-Beyond on October 21, 2015, 02:06:02 PM

Centralization of control
As history shows, small miners form big groups to reduce variation of the reward. This leads to concentration of power (computational and political) in hands of few pool operators and gives them ability to apply wide spectrum of policies (filtering, postponing) on certain transactions. Although there are no known cases where pool operators abused their power, there have been several instances where the opportunity were present. This possibility in a monetary system powering a multibillion (in USD) industry is completely unacceptable.

Quote from: Come-from-Beyond on October 21, 2015, 05:45:42 PM

PoW with no block reward [to avoid centralization]. [...]

Quote from: Come-from-Beyond on October 21, 2015, 05:57:08 PM

[...] Or IOTA owners have to "hire" miners. [...]

Looks like a contradiction at the first glance. CfB/iotatoken could you shed more light on the mining/PoW requirement?

Besides, needless to say: Following.

yassin54

legendary

Activity: 1540

Merit: 1000

Quote from: iotatoken on October 21, 2015, 07:07:21 PM

Quote from: allwelder on October 21, 2015, 07:03:08 PM

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech？

Could you expand on your question? Not entirely sure what you are asking. JINN tokens are unrelated to IOTAs

https://nxtforum.org/news-and-announcements/%28ann%29-jinn/msg197270/#msg197270

zaph3t

sr. member

Activity: 294

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SynqCrypto Team

hmmm! Interesting project Roll Eyes

Seccour

legendary

Activity: 1619

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Bitcoiner, Crypto-anarchist and Cypherpunk.

Quote from: r0ach on October 21, 2015, 04:59:34 PM

Here's a really stupid question. As a regular human being on the planet earth, why exactly do I want IoT to be invented in the first place? How do I benefit from this? There was what IoT seems like to me from another post. Basically me walking or driving around and having the government attacking me with surveillance and microtransactions:

Quote from: r0ach on October 09, 2015, 09:24:27 PM

Sounds great if IoT wasn't a code word for giant surveillance grid of doom. Yes, this is the type of structure things like unmanned cars will be built around. People will be required to carry devices to travel on public infrastructre, maybe a cell phone type device that acts as a transponder. In addition to their sensors simulating sight, unmanned cars will detect the RF from the device and act as a collision avoidance plus navigation system. Your wallet and identity will then be connected to the same transponder. Everyone will be tracked like cattle.

So yea, there is really no such thing as a "decentralized IoT". All it is, is a system to broadcast as much personal information as possible to be centrally administratively controlled.

" As a regular human being on the planet earth, why exactly do I want IoT to be invented in the first place? " - It will make people life easier. So they will adopt it even if it's can be a great surveillance tool for government or company.

Topic: IOTA - page 760. (Read 1471689 times)