Topic: **MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade - page 13. (Read 174430 times)

We have added several new features to our B&C Exchange block explorer.

Status: This page shows many different network status metrics. Several options, including market cap and market price of BKS and BKC, won't be available until we are listed on coinmarketcap.com.

Of particular interest is our Wealthiest BlockShares Addresses listing. This page lists the top BKS addresses by share ownership.

Charts: This page shows several charts of network statistics, including average block sizes, average network difficulty, average number of blocks, average number of transactions, and more.

Our block explorer is nearing complete basic functionality with these updates. Please let us know if you encounter errors or incorrect data while using the explorer.

You are welcome!


You might have come too late for the crowdfunding, but the part hasn't started yet
If you want to join the party, have a look here: https://www.ccedk.com/nbt-bks
Try not to get confused by the pair; bks-nbt would be easier to understand at first glance
What I'm trying to say is - there's a total of over 400 BKS available at CCEDK a reasonable price (if you would have paid up to $4.16 during the funding it's not far above).

Price (BKS)	Volume (NBT)	Total (BKS	NBT/BKS
0.235	148.6784096	34.93942626	4.26
0.23	21.23168565	4.8832877	4.35
0.225	888.88888889	200.00	4.44
0.22	863.63636364	190.00	4.55
0.14	142.85714286	20.00	7.14
0.14	357.14285714	50.00	7.14
0.125	232.00	29.00	8.00
0.125	160.00	20.00	8.00

Yes, it's just the beginning - of the BKS holders hope it will be

Thanks for summarizing the whole story of BCE.

It's a shame I arrived too late for the party (crowdfunding)...

But it's just the beginning of this incredible "decentralized autonomous interexchange".

B&C and Nu share code base. New software development by well-funded B&C will directly benefit Nu. It's like Nu gets a free dev team.

I'm very keen to see trading start as soon as possible. Be aware that the start of trading is likely to be anti-climactic, because I expect trading will start with very low maximum trades sizes, such as $1. As the network proves itself, the maximum trade size permitted will increase in proportion to shareholders' confidence in it.

The biggest factor controlling when development is complete is the number of hours per week or month spent by sigmike and Giannis coding the specifications. sigmike, Giannis and I have discussed the amount of hours per week they expect to devote to the project, but I am not sure they would like that publicized. I'm curious to see whether they are comfortable making public commitments about the number of hours per week/month they will devote to B&C Exchange development going forward. Obviously, the hours they spend on the project are out of my control. However, I can hire an additional developer, and I am considering it. Sigmike and Giannis are our first choice because they know Peershares well and have delivered excellent products in the peer to peer finance space recently.

By way of a progress update, sigmike has just completed the reputation system, including the reputation block reward, with this pull request which has screenshots attached that would be meaningful to non-technical users. I estimate the core B&C Exchange client is 20% complete at this point. I'm hopeful that with summer holidays behind us, the pace of development will pick up.

What are the prospects of trading being enabled by the end of 2015?

How else would they be able to execute transactions, which is necessary to place orders?

I think the most benefit for nu is that those liquidity providers(lpc)can shift from other exchanges to B&C exchange, welcome home, safer here.

And would lpc pay the transaction fee to B&C?  

There are at least two ways B&C Exchange will benefit NuShare holders. First, NuBits will be used as the denominator on many if not most trading pairs. The exchange will feature a BTC/NBT pair, LTC/NBT pair, PPC/NBT pair, etc. This is expected to increase the number of NuBits held, which is likely to result in dividends to NuShare holders, NuShare buy backs and burns, or both.

The second way B&C Exchange will benefit NuShare holders is by offering a NSR/NBT trading pair that will increase NuShare liquidity, which makes it a more attractive investment.

The distribution of BKS is now entirely complete. Sales have ceased and all purchased BKS have been delivered to investors. In this funding round, 59,048.85 BKS were sold for a total of $240,764 at an average price of $4.077 each. The final total funds raised are $320,764 (including the seed round).

The final step was a burn of all remaining BKS. In addition to burning 22,565.983 BKS a week ago, 1596.5201 BKS was burned in this transaction and this one. This includes funds that were set aside for transaction fees and some BKS that were bid for a little over week ago but which were never paid for.

The total number of BlockShares on the blockchain and in circulation is 184,765.96 right now. This can only be augmented by the 0.01 BKS block reward, the variable reputed signer block reward we will soon add, and BKS grants approved directly by shareholders.

We expect this will provide funding for the core implementation as well as a number of extra features or even products. While the extra features implemented should probably be decided by shareholders when the core implementation is closer to being complete, implementation of CHECKTIMELOCKVERIFY in Nu and B&C as well a utilization of it in B&C for any chains that support it, escrow capabilities and an Android app that combines a multi coin wallet with full support for B&C Exchange are likely features/products the extra funds will be dedicated to.

The 4.0 release of B&C Exchange is mostly code complete. We hope to have it on testnet very soon. Once it performs satisfactorily there, it will be promoted to production. It includes reputation voting, reputation block rewards, and support for Bitcoin dividends. It will be a mandatory upgrade due to the protocol changes.

Could someone provide me an explanation of how exactly Nushares might benefit from B&CEx?

Removed unnecessary processes from the CPU, and immediately got a good block. Thank you MOD

A bad internet internet connection can cause such issues as well as a high CPU load.

Quite often go Orphan blocks of 0.01 in B&C EXChange v3.0.0-RC2-beta!
What could be the problem?

Ill be following this more closely havent checked this section in a while so im need to keep checking it.
Nice project.

In the Project Development section, B&C is now the 18th most viewed project.

You are welcome! I try to follow the development closely, because lacking OP_CHECKLOCKTIMEVERIFY MercuryExchange doesn't work at the moment and all other decentralized exchange approaches are very complex, using proxy assets to trade etc.
And I agree that BCE is very promising.

BCE's design is just so simple - a broker for multi signature transactions in foreign blockchains!

If you try to read the thread from the start keep in mind that the initial funding was planned in a different way, by making BCE a 100% subsidiary company of Nu. That didn't work, was changed and finally lead to a successful funding.

The design document is not up-to-date as well.
The most important change is the total amount of created BKS (less than 200,000 compared to the initially planned hundreds of millions) along with an adjusted minimum amount of BKS for minting (down from 10,000 to 1).


I hope I didn't come across as someone removing art or turning art into non art

@masterOfDisarter

Thanks for the reply.

It looks promising.

we're gonna be soooo rich