Topic: PRISMA - Third Generation, Non-Blockchain, New Consensus Algorithm, New codebase - page 7. (Read 8318 times)

When is bounty campaign available for this project??

Looking forward for the bounty thread. If you need Portuguese translation PM. Thanks

I would like to reserve Urdu translation for this project. Pm me if I get approvals.

This implementation does not exist in any cryptocurrency so far. We are the first to announce it. IOTA and byteball are also based on DAG, but our consensus algorithm differs. Actually everything differs except from the DAG it self. The reason says in the top post, and mainly in the white paper. It has several advantages comparing to current implementations of current DAG based currencies. If you need any more information, dont hesitate to join us on slack and we will explain more

This seems a known idea but just has simply been presented to bitcointalk forum...the reason it seems still unclear/vague!
Nevertheless will keep a close eye to this one all the best and sucess

Sounds great. You can translate the announcement as it is, and if it changes we can update it there after. We will also add a translation link for people to follow in the top post and credit you for the work. You will be rewarded from the bounty funds

Hi, we have no exact date set yet. It will be announced shortly. You are welcome to do bounty work, please join our slack and we can talk

I can provide Slovenian translation for Prisma project if needed.
Contact me via PM for accepting.
Best regards,

Hi friend. Tell me, is there an exact date for ICO so far?
I would like to participate. And also in the company's bounty.
Keep us updated.

All funds will initial be distributed via ICO and bounty. After that funds can be earned by being a witness and taking part in virtual voting.

How can I own this coin? Mining or ICO??

Thank you.

To answer that question i must first explain what current shortcomings in some(or most) cryptocurrencies are. Block chains are a great invention and solves the problems with proof systems for transactions. You typically have a merkle tree with merkle roots to prove integrity. On top of that you usually also have a proof system, let it be Proof of Work or Proof of Stake. This would be the typical blockchain as we see it today. The problem here is several things,

1. You save every transaction ever made in a ledger of blocks/chain of blocks which causes an immense demand of storage size.
2. The proof system might be so ineffective that you can not run it on small devices with limited capacity such as a cellphone.

You also got the problem that you typically have what you call block times, which means that you have to wait a certain amount of time before a transaction is confirmed. However there are a lot of other cryptocurrencies out there that offers what you call instant transactions.

My personal opinion here is that if we combine the following shortcomings there are no true decentralization. Some cryptocurrencies solve these things by having what they call a "light wallet". True decentralization should be; Everyone should be allowed to run a node, get rewarded for it, no matter what the computing power is. And essentially we are talking about cellphones right now. Everyone should be able to run a node which has a limited amount of storage, such as a cellphone.


Answer: Prisma aims to solve the above shortcomings. This is no easy task, but we have proven in our current development that we are on a verge of accomplish this. No heavy duty computing operations, minimal storage size and instant transactions. Once we have a stable version and have began the Rust implementation we can add more services. Right now it's about creating a foundation for a new type of cryptocurrencies.

It's very interesting and I'll keep a close eye on it

Hey, I was interested to know how you envision your company developing in the next few years. Good luck!

Yes, this is quite interesting technology(consensus algorithm), no other currency has it except us.

Great!

I would like to reserve Vietnamese translation for this project. Contact me if I get approvals

Awsome!

Its a new cryptocurrency coded from scratch. In other words, not a token. Its been in development for the past 6 months and will be developed for years to come.