You are open source mate, you gave us the idea, you are not yet fully developed, we will develop it ourselves and even will add a few better features
Then we'll make it mineable for people to mine it instead of buying ICO. you are no government, no one is backing you, you are free to walk away with
Our money at any time. Satoshi made Bitcoin POW because he knew something like ICO never gets adopted by masses. you are selling the bottle with
No milf(k) in it mate.
Topic: PRISMA - Third Generation, Non-Blockchain, New Consensus Algorithm, New codebase - page 4. (Read 8318 times)
September 28, 2017, 08:35:55 PM
September 28, 2017, 04:26:40 PM
this project is going to be huge 
September 28, 2017, 03:21:14 PM
Hi all My Name is Jacob Meeder, I'm Not allowed to post images. I'm from the eastern side of the USA.
September 28, 2017, 05:31:56 AM
Thread reopened! Discussions on Prisma will now occur here.
It's just wonderful, let's talk. But you can discuss very long. Where are our bounty companies, gentlemen.
Patience please
everything under control, to be announced soon 
September 27, 2017, 04:50:36 PM
Thread reopened! Discussions on Prisma will now occur here.
It's just wonderful, let's talk. But you can discuss very long. Where are our bounty companies, gentlemen.
September 27, 2017, 03:04:17 AM
Glad I browsed the altcoin section today and saw this. There is never enough crypto projects that can scale faster thean Mastercard or Visa, even one that has no blockchain is ok in my book.
Yes, this is very interesting tech for sure.
September 27, 2017, 02:53:08 AM
Thread reopened! Discussions on Prisma will now occur here.
September 24, 2017, 04:31:11 PM
Glad I browsed the altcoin section today and saw this. There is never enough crypto projects that can scale faster thean Mastercard or Visa, even one that has no blockchain is ok in my book.
September 24, 2017, 04:19:15 PM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.
I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?
The time schedule will be announced in the coming days. We are working hard behind the scenes both with code, but also design. After this we will start marketing.
Good to know. Take your time, hope there's no need to rush things out. Hope everything goes well.
September 23, 2017, 05:20:24 AM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.
I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?
The time schedule will be announced in the coming days. We are working hard behind the scenes both with code, but also design. After this we will start marketing.
September 22, 2017, 02:08:49 PM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.
I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?
September 21, 2017, 01:26:27 PM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.
September 21, 2017, 09:47:32 AM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
September 21, 2017, 08:21:07 AM
Small update.
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
Things are progressing well regarding development: https://github.com/prismaproject/prisma-core
We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.
/ Joey
September 19, 2017, 08:22:15 AM
Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.
I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?
Thanks!
Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.
Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.
We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.
If you have any further questions, please ask.
This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?
Thanks!
This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.
We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".
More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
I'm getting more enthusiastic as more I investigate this project. What do you mean about Proof Of Work or similar heavy duty computing operations? If there's no need to have any powerful procesessing power in any nodes/witnesses, how you manage to get computing power to work with heavy duty computing operations?
Thanks!
By heavy duty processing operations we are generally talking about high difficulty proof of work operations that utilizes GPUs. On a few occasions PoW only means the usage of CPU. Non the less, PoW is not suited for devices with limited resources. The amount of resources that is needed for Prisma to act as a full node is quite similar to PoS cryptocurrencies like NXT, but does not have the drawbacks of a blockchain.
September 19, 2017, 05:22:30 AM
Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.
I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?
Thanks!
Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.
Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.
We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.
If you have any further questions, please ask.
This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?
Thanks!
This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.
We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".
More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
I'm getting more enthusiastic as more I investigate this project. What do you mean about Proof Of Work or similar heavy duty computing operations? If there's no need to have any powerful procesessing power in any nodes/witnesses, how you manage to get computing power to work with heavy duty computing operations?
Thanks!
September 17, 2017, 03:34:31 PM
Do you have any official paper to present the details of your new code and new algorithm?
I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.
This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!
I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.
This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!
Hi, thank you for your interest. You are right, this is a completely new cryptocurrency coded from scratch, new tech and new ideas.
Stay tuned for more updates in the coming days, meanwhile you can read our updated white paper: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
September 17, 2017, 03:33:04 PM
Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.
I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?
Thanks!
Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.
Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.
We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.
If you have any further questions, please ask.
This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?
Thanks!
This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.
We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".
More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf
September 17, 2017, 03:31:08 PM
Do you have any official paper to present the details of your new code and new algorithm?
I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.
This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!
I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.
This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!
September 17, 2017, 02:42:12 PM
Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.
I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?
Thanks!
Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.
Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.
We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.
If you have any further questions, please ask.
This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?
Thanks!
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