Topic: NXT :: descendant of Bitcoin - Updated Information - page 223. (Read 2761645 times)

So I hope your new efforts are going to be rewarded (hint to whales) and that you will also consider modelling the BCNext proposed TF approach (with "penalties" which you can ask CfB about).

This sort of scientific work is very beneficial for the Nxt project IMO.

Thanks in advance!

About the last point: in the mathematical model we are considering, splitting is completely harmless. But, maybe, there are other attacking possibilities that the splitting gives in the real world: spam the network, affect its topology, ..., ... I don't know, I'm not a specialist here.  In the case there are such possibilities, we may consider introducing this lower limit, so that the number of accounts that participate in forging cannot become too big.

Do u have any ideas how it's better to implement Transparent Forging? The goal is to find an optimum where we can predict few blocks in advance but noone could game the system by preparing such accounts that he would be able to forge a lot of blocks in the row.

You can basically think of an AT as a program that owns an account (the AT account which only it controls).

As much as possible the AT account should have all the rights that a "normal" account does (although whether we will let it "create other ATs" initially is something we'd have to consider).

To "sandbox" an AT it will have to use a Nxt AT API (so it doesn't have access to the "full Nxt API").

Do u have any ideas how it's better to implement Transparent Forging? The goal is to find an optimum where we can predict few blocks in advance but noone could game the system by preparing such accounts that he would be able to forge a lot of blocks in the row.

What are the planned operations in AT?

Are saying you have basically achieved a way to do trustless, peer to peer cross asset trading? If so, Ripple is a dead man walking and
there's only Etherium left on the road to Nxt's complete dominance.

NXT- Why go to the moon when you've conquered Earth?

Yes - I am.

Nice work!

Version 0.3.1 of my article: http://www.docdroid.net/abp9/forging0-3-1.pdf.html

Added a new section about splitting of accounts. Conclusions:

- Under Exp-algorithm, the probability that an account with relative active balance b generates the next block is exactly b; if all relative balances are small,
then the U-algorithm essentially works the same way as the Exp-algorithm.

- In general, splitting has no effect on the (total) probability of block generation under Exp-algorithm, and this probability always decreases under U-algorithm. However, the difference is usually not very significant (even if the account is split into many small parts).

- Thus, neither algorithm encourages splitting (anyhow, there is some cost in maintaining many forging accounts, so, in principle, there is no reason to increase too much the number of them in the case of Exp-algorithm as well). The reader should be warned, however, that all the conclusions in this article are valid for mathematical models, and the real world can introduce some corrections.

- In particular, it should be observed that, if the attacker could harm the network by splitting his account into many small ones, then a very small gain that he achieves by not splitting would not prevent him from attacking the network. If this attacker's strategy presents any real danger, we may consider introducing
a lower limit for forging (e.g., only accounts with more than, say, 100 NXT are allowed to forge).

Review will follow as usual.

EDIT: maybe, you could elaborate more on the last point you made

Yes - I am.

Thanks! There is even one theorem about Nxt now  

Are saying you have basically achieved a way to do trustless, peer to peer cross asset trading?

Smart...  can't really do a "return funds on malfunction" because then people could intentionally insert bugs.

with AT you can safely trade 1 Asset for another, with AT you can safely lock your savings away while earning interest and with AT you can buy a ticket every week in what will be arguably the world's most efficient lottery!

So I hope your new efforts are going to be rewarded (hint to whales) and that you will also consider modelling the BCNext proposed TF approach (with "penalties" which you can ask CfB about).

This sort of scientific work is very beneficial for the Nxt project IMO.

But maybe since then it became more clear?..

Good questions. Another question: What is the procedure to make an AT?