Author

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 717. (Read 1234285 times)

full member
Activity: 572
Merit: 106
How long does it take to completely sync the wallet?
I am on it for 5 hours and got 2% Sad Is it just because my PC kind of sucks?
sr. member
Activity: 510
Merit: 260
byteball.fr
Announcing new hub in the USA. Enjoy !

west.byteball.us/bb

We provide alternative hubs service (paired with master byteball.org), community witness, usefull stats and network map at https://byteball.fr

We need more support to our community-driven Witness:
In your wallet settings  hub set byteball.fr/bb (for Europe) or west.byteball.us/bb (USA)

Thank you!
full member
Activity: 242
Merit: 102
I am very excited about Byteball!
Very good and fast growing project and with a wonderful wallet btw Wink

Do you know how many distribution dates are left or when will be the last distribution date?
hero member
Activity: 1638
Merit: 507
The snake which cannot cast its skin has to die
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?

I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:

  • I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.

    I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)

    However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.)
  • Tony's method of distributing Byteballs has been genius.
  • Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
  • Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.

My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.

Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.


Witnesses do not decide ordering of units.  Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.

What TPS limit do you expect to see in the real world (order of magnitude)?

You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps.  The most pressing issue of crypto is not tps, it is adoption (which we address in the first place).  Tps will come second after the first is solved.

I absolutely agree with this answer: If you want transition in the real world you need adoption.
Everything at the proper time - Step by Step  Wink


Adoption has been the age old hurdle since the dawn of crypto, question is the solution to accomplish this, obv needing more public exposure for one, as in does tony have just himself or others to help get byteball more recognized (marketed) etc? Tony's pretty busy with the coding side of things as it is, so besides the community we have here, what else can we do? Get articles maybe published on coindesk, news.bitcoin.com etc etc, with more public notice, more devs would get involved, more projects may build upon and utilize tony's amazing work... we all have to work as a team here

sr. member
Activity: 336
Merit: 260
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?

I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:

  • I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.

    I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)

    However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.)
  • Tony's method of distributing Byteballs has been genius.
  • Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
  • Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.

My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.

Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.


Witnesses do not decide ordering of units.  Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.

What TPS limit do you expect to see in the real world (order of magnitude)?

You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps.  The most pressing issue of crypto is not tps, it is adoption (which we address in the first place).  Tps will come second after the first is solved.

I absolutely agree with this answer: If you want transition in the real world you need adoption.
Everything at the proper time - Step by Step  Wink
hero member
Activity: 1638
Merit: 507
The snake which cannot cast its skin has to die
Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.

Confirmations are done by the transactions that come after yours. When there will be more load on network, Byteball confirmations will be faster.


ahh right, the "snowball" effect Cheesy
full member
Activity: 346
Merit: 107
Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.

Confirmations are done by the transactions that come after yours. When there will be more load on network, Byteball confirmations will be faster.
hero member
Activity: 1638
Merit: 507
The snake which cannot cast its skin has to die
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?

I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:

  • I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.

    I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)

    However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.)
  • Tony's method of distributing Byteballs has been genius.
  • Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
  • Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.

My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.

Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.
legendary
Activity: 1176
Merit: 1015
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?

I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:

  • I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.

    I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)

    However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.)
  • Tony's method of distributing Byteballs has been genius.
  • Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
  • Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.

My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.
hero member
Activity: 1344
Merit: 656
suppose address #1 has A bytes and  #2 has B bytes and intention is to make on #1 A+B. What transaction should be : send to #1 the (A+B) or send to #1 the B as A is already on #1?

Both will work. If both your addresses are on the same wallet, I'd assume that it's easier to send A+B to #1, because you'll just have to use the send all button to send all your balance to #1.

Thanks, indeed A+B seems to be more logical as in the other case  the #1 may receive the B and send A-B to the 3rd address, who knows

Well this shouldn't happen. The only case that involves using a potential new address would be when you transfer some of the bytes of address #2 to address #1. In this case, the rest of #2's balance will be transferred to a change address.
hero member
Activity: 1358
Merit: 635
suppose address #1 has A bytes and  #2 has B bytes and intention is to make on #1 A+B. What transaction should be : send to #1 the (A+B) or send to #1 the B as A is already on #1?

Both will work. If both your addresses are on the same wallet, I'd assume that it's easier to send A+B to #1, because you'll just have to use the send all button to send all your balance to #1.

Thanks, indeed A+B seems to be more logical as in the other case  the #1 may receive the B and send A-B to the 3rd address, who knows
hero member
Activity: 700
Merit: 500
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?
hero member
Activity: 1344
Merit: 656
suppose address #1 has A bytes and  #2 has B bytes and intention is to make on #1 A+B. What transaction should be : send to #1 the (A+B) or send to #1 the B as A is already on #1?

Both will work. If both your addresses are on the same wallet, I'd assume that it's easier to send A+B to #1, because you'll just have to use the send all button to send all your balance to #1.
legendary
Activity: 1176
Merit: 1015
What is to stop Byteballs from having the scaling issues that IOTA is having?
hero member
Activity: 1358
Merit: 635
Is it possible to transfer bytes  between addresses in the same wallet to consolidate all on single address if this single has already some fund?

Yes. Moreover, that's what the transition bot advises when you link a Byteball address. In general, moving any amount of any crypto between addresses of the same wallet or sending from one address to itself is perfectly legitimate.

Ok. suppose address #1 has A bytes and  #2 has B bytes and intention is to make on #1 A+B. What transaction should be : send to #1 the (A+B) or send to #1 the B as A is already on #1?
hero member
Activity: 1344
Merit: 656
Is it possible to transfer bytes  between addresses in the same wallet to consolidate all on single address if this single has already some fund?

Yes. Moreover, that's what the transition bot advises when you link a Byteball address. In general, moving any amount of any crypto between addresses of the same wallet or sending from one address to itself is perfectly legitimate.
hero member
Activity: 1358
Merit: 635
Is it possible to transfer bytes in only one transaction  between addresses in the same wallet to consolidate all on single address if this single has already some fund?
legendary
Activity: 1876
Merit: 1005
Nothing can stop it going mainstream in coming months. Code is being reviewed and updated constantly and community is growing is size which can be seen by more people coming and joining the thread. It is all very impressive in such a short time. Future is not only bright but also prosper for bytes and blackbytes owners when they will be used in real things.
hero member
Activity: 1014
Merit: 1055
i cant send my byteballs to my device address, to link it to get blackballs in the next distribution. anyone can help me? it says invalid address. can i just send all byteballs to one address to get the link?

got it. its not the device address. its the address linked to the btc address. by asking the transition bot. linking address, he is giving the address.
hero member
Activity: 1638
Merit: 507
The snake which cannot cast its skin has to die
Wallet back online on bittrex
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