Chance of generating a block depends only on a snapshot of the system.
Then PoI should work.
If it was like that - Alice sends 1000 coins to Bob != Alice sends them to Charlie and then Charlie to Bob - then it could be abused.
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1316. (Read 2985503 times)
Then PoI should work.
If it was like that - Alice sends 1000 coins to Bob != Alice sends them to Charlie and then Charlie to Bob - then it could be abused.
Litmus test: Does chance of generating a block depend on a snapshot of the system only? (Without taking into account state transitions like transactions.)
Chance of generating a block depends only on a snapshot of the system.
Except for that bloomberg crosschain ledger, that we're abusing.
Balance, coin age, incoming and outgoing transactions play a role in calculating the importance. Having the importance the rest is a deterministic random algorithm like nxt.
Litmus test: Does chance of generating a block depend on a snapshot of the system only? (Without taking into account state transitions like transactions.)
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
Balance, coin age, incoming and outgoing transactions play a role in calculating the importance. Having the importance the rest is a deterministic random algorithm like nxt.
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
its not pos..
http://cointelegraph.com/news/113698/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
uses coin age afaik as it takes about 30 days for all your XEM to vest after its been sent.. not sure about the tech stuff
Well I'm pretty skeptical that their sybil mitigation techniques will completely eliminate all sybil attack vectors. They may help to minimize the effectiveness of sybil attack vectors but probably not more than that. Does anyone have any links to more technical specifics behind the consensus algorithm? That article was too vague.
Be patient, it will be worth it
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
its not pos..
http://cointelegraph.com/news/113698/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
uses coin age afaik as it takes about 30 days for all your XEM to vest after its been sent.. not sure about the tech stuff
Well I'm pretty skeptical that their sybil mitigation techniques will completely eliminate all sybil attack vectors. They may help to minimize the effectiveness of sybil attack vectors but probably not more than that. Does anyone have any links to more technical specifics behind the consensus algorithm? That article was too vague.
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
its not pos..
http://cointelegraph.com/news/113698/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
uses coin age afaik as it takes about 30 days for all your XEM to vest after its been sent.. not sure about the tech stuff
Well I'm pretty skeptical that their sybil mitigation techniques will completely eliminate all sybil attack vectors. They may help to minimize the effectiveness of sybil attack vectors but probably not more than that. Does anyone have any links to more technical specifics behind the consensus algorithm? That article was too vague.
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
Hi Anon136,
I'm sure you've heard of PoI(Proof of Importance). NEM is not based on proof of stake, it's on PoI. PoI is a novel algorithm which moves a step forward, offering a different solution to the the yet incomplete crypto puzzle we have today. Complete details about it will be available once we release our whitepaper.
About the questions, I'm sure they are legitimate. Please allow me remind you of what has been said until now:
I guess we should see an update any moment now.
- 1)Pat said a few pages back that we are aiming for March but didn't want to give an exact date until we have everything working so we can keep our word once we give a date
- 2) I have also said a few pages back that progress was really good and our devs have reached the point where the main net was being tested. What this actually means is that once this testing is done and no critical problems arise, launch follows. This is why #soon keeps showing up. I have also said that once testing is done a new update will be posted.
I guess we should see an update any moment now.
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
I just made this for the OP:
I hope it will be used from you guys
If anyone wants the gif with an alpha background, just PM me.
I hope it will be used from you guys
If anyone wants the gif with an alpha background, just PM me.
Thanks, looks cool. We will definitely use it.
1 NEM is not a company.
2 Don't wann hear soon ? Stop asking.
1. So NEM doesn't want to be taken seriously?2 Don't wann hear soon ? Stop asking.
2. So no asking questions?
The poster was asking about the newsletter.
Don't like people asking? Then stop posting teasers.
1 So you only take companies seriously ?
2 You shouldn't ask questions if you can't handle / don't want to hear the answer
2. That's a two-way street.
1 NEM is not a company.
2 Don't wann hear soon ? Stop asking.
1. So NEM doesn't want to be taken seriously?2 Don't wann hear soon ? Stop asking.
2. So no asking questions?
The poster was asking about the newsletter.
Don't like people asking? Then stop posting teasers.
1 So you only take companies seriously ?
2 You shouldn't ask questions if you can't handle / don't want to hear the answer
1 NEM is not a company.
2 Don't wann hear soon ? Stop asking.
1. So NEM doesn't want to be taken seriously?2 Don't wann hear soon ? Stop asking.
2. So no asking questions?
The poster was asking about the newsletter.
Don't like people asking? Then stop posting teasers.
1 NEM is not a company.
2 Don't wann hear soon ? Stop asking.
2 Don't wann hear soon ? Stop asking.
when we see newsletter 10?? can you give us an update?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
its coming.... #soon..
your "soon" was funny at the beginning but now its not longer funny for me. why nobody can set an date or deadlines for things like this?
good companys also dont say "soon"
for me its sounds more and more like a fake or a scam...sorry but thats my opinion
+1
Good companies say: "When it´s done!"
But seriously:
1: You re absolutely right!
2: Welcome in crypto
when we see newsletter 10?? can you give us an update?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
its coming.... #soon..
your "soon" was funny at the beginning but now its not longer funny for me. why nobody can set an date or deadlines for things like this?
good companys also dont say "soon"
for me its sounds more and more like a fake or a scam...sorry but thats my opinion
when we see newsletter 10?? can you give us an update?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
its coming.... #soon..
your "soon" was funny at the beginning but now its not longer funny for me. why nobody can set an date or deadlines for things like this?
good companys also dont say "soon"
for me its sounds more and more like a fake or a scam...sorry but thats my opinion
when we see newsletter 10?? can you give us an update?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
you wrote on 20.03 this on facebook: "An outline has begun for Newsletter 10. It will be an important issue to read."
more than 8 days are gone..so whats going on?
Hi! I was testing how the multisignature is working. It's great, but I have a question, which was probably answered somewhere else, but couldn't find it.
Using this example of how it works, why Alice can't send transactions by herself, but instead her account gets locked? Why does she need Bob A to help her? What if she askes him to send 100 XEM, for instance, but instead he makes a mistake and send 1000 XEM, or he may even send it to someone else and even without Alice knowing about it. I mean wouldn't it be right to create a transaction all by herself and all Bob A, B, C have to do is just sign it?
Probably there should be some option in the menu for Alice, when she's converting her accound to multisig, which lets her cosignatories (none, any or individual ones) create outgoing transactions.
Kind regards.
Using this example of how it works, why Alice can't send transactions by herself, but instead her account gets locked? Why does she need Bob A to help her? What if she askes him to send 100 XEM, for instance, but instead he makes a mistake and send 1000 XEM, or he may even send it to someone else and even without Alice knowing about it. I mean wouldn't it be right to create a transaction all by herself and all Bob A, B, C have to do is just sign it?
Probably there should be some option in the menu for Alice, when she's converting her accound to multisig, which lets her cosignatories (none, any or individual ones) create outgoing transactions.
Kind regards.
In the example Alice should control the accounts Bob A - Bob C (unless she wants to give other people control over her account).
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