Radix - Tempo Whitepaper - page 2. | Bitcointalksearch.org

acorcos

sr. member

Activity: 453

Merit: 250

Quote from: Fuserleer on September 26, 2017, 08:53:39 AM

After 5 long years of hard work, failed attempts and lessons learnt, we present the whitepaper explaining Tempo, our ledger and consensus tech that was published this week.

You can get it at our website https://radix.global

It details how our ledger architecture allows high throughput, rapid settlement and offers a true micro-payment and IoT solution, along with the consensus algorithm which we developed to secure it.

Tempo is a completely different way of thinking, and I would STRONGLY suggest you leave anything you know about blockchain, DAG, and other ledger tech at the door, otherwise you will end up with incorrect conclusions.

This paper is the first of a set that will explain all of the Radix core features such as economics, DEX, payment rails and more.

I'll keep this short and let the paper do the talking.

As always, comments, thoughts and feedback welcome.

Will there be a public funding or only private series a funding for friends and family? If there won't be a funding I will definitely try to buy it very early.

jeffreyjve

newbie

Activity: 3

Merit: 0

Just come across this thread.

really interesting, going to follow this one.

If you need any help with testing, running an node or participate in any other way just let me know.

HeidiluPalmer

newbie

Activity: 4

Merit: 0

hope you guys can be success with radix

Afkbio

newbie

Activity: 57

Merit: 0

Hi, I own a discord server for discussing DAG coins. Every DAG is listed and has its own channel.

https://discord.gg/auFsMSD.

Feel free to join us ! See ya. Wink

browndog785

newbie

Activity: 60

Merit: 0

Who knows... Maybe Radix will overtake this cryptospace and become a new standard for decentralized economy Roll Eyes

browndog785

newbie

Activity: 60

Merit: 0

Wow! I just came across this new technology. Very interesting!

If they prove it actually works... Could be a blockchain killer Cool

monsterer2

full member

Activity: 351

Merit: 134

Hi Fuserleer,

I've only just spotted this thread and your whitepaper - congrats on getting something out the door

I've only skimmed your whitepaper, but I'm left wondering why the consensus isn't vulnerable to sybil attack? For example. Alice owns a majority of nodes on the network, attempts a double spending transaction by asking the network for two temporal proofs in which she spends the same item on two different shards - the network will provide her with this, because she owns a majority of nodes?

Cheers, Paul.

User365

sr. member

Activity: 434

Merit: 251

physics, mathematics and engineering

Really looking forward to the launch of the main net.

I think if it works without flaws it will make many other coins useless, especially smart contract coins and coins which focus on TPS, here we have over 100k/s Shocked

elkrisi

member

Activity: 107

Merit: 10

Quote from: 13Darko on November 05, 2017, 09:34:32 AM

Quote from: Fuserleer on November 04, 2017, 04:26:37 PM

That's just the start of our scale testing.

Next week we'll be adding more nodes, enabling sharding and shooting for 1 billion in 7 days or less.

From there we'll just keep scaling up the tests with more nodes and higher throughput.

Great news!

As someone on Reddit mentioned Radix is not only about fast transactions, but they're also working on a lot of cool stuff. Check this: https://www.youtube.com/watch?v=pMw7hQ6x2f0&feature=youtu.be
All you need to do is to buy an empty debit card and a debit card encoder, program it and use it in an every-day life. Sellers don't even have to install firmware upgrade to their POS. No intermediaries, no excessive fees or whatsoever. Very cool indeed.

Radix is building the future.

I watched the video and was amazed!
From the little I know, a standard POS accepts only EMV-certified chip cards and the firmware won't let just any card open up communication with anything other than the acquiring network.
What you're doing looks like you are bypassing a VERY secure device such as the POS and you're making it function out of its specs.

By doing that you're actually taking money off the banking networks. And banking networks control 100% what's in their POS.
So even if this works today POS firmware would be quickly updated to lock this out.

I'd very much like to hear more tech details on this. It's a killer function as far as widespread adoption is concerned!

grandbrad02

newbie

Activity: 52

Merit: 0

Looking foward to hear more from your projects. Nice work!

tyKiwanuka

legendary

Activity: 1722

Merit: 1671

#birdgang

Quote from: Arvydas77 on December 27, 2017, 07:45:17 AM

So, when Radix DLT will start to function publicly and tokens will be available to buy and sell?

Q2/Q3 2018 from what I heard. There is a telegram group you can join, to keep yourself informed: https://t.me/radixDLT

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

So, when Radix DLT will start to function publicly and tokens will be available to buy and sell?

bitcoinpaul

hero member

Activity: 910

Merit: 1000

It will start the next days.

13Darko

hero member

Activity: 621

Merit: 507

Radix-The Decentralized Finance Protocol

Is the next test "1 billion txs in 7 days" will start this Monday?

Raffielo

member

Activity: 84

Merit: 10

Blocklancer Freelance on the Blockchain

Quote from: r3animation on September 26, 2017, 11:31:53 PM

Congrats Dan.

Great to see the whitepaper out and am currently trying wrap the tech around my head.

After scanning the white paper, is this a new way of creating a faster distribution of information?

It would serve the public good to ‘also’ explain this proposed white paper in a non-computer jargon filled language, since people without computer knowledge haven’t a clue what this is about ...

prettybuds

full member

Activity: 280

Merit: 100

This is a very interesting project, I started following today! Pretty excited about it

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

Quote from: 13Darko on November 07, 2017, 09:07:33 AM

Quote from: Arvydas77 on November 06, 2017, 12:55:56 PM

Quote from: bitcoinpaul on November 06, 2017, 11:57:43 AM

No other project can handle 4000 tps decentralized (as it is running right now on the testnet)

Yes, I agree but you said now and who knows what will be in the future. I think some projects will go well beyond this level still being "blockchain" and open source.

You can't expect a project build on top of a blockchain technology to have 4000 tps. It's achievable only if it has either a low number of full-nodes (which leads to centralization) or off-chain transactions (which leads to insecurity in general). Some developers move to DAG, but it still has some scalability issues.

I may be wrong, but as far as I know, Radix is going to become opensource in a year or so once the project is released to the public.

As I know only first implementations of off-chain transactions could be considered as insecure. It will change over time becoming robust and safe scaling method on blockchain. However, I think that scaling issue is very exaggerated. We should concentrate on security.

13Darko

hero member

Activity: 621

Merit: 507

Radix-The Decentralized Finance Protocol

Quote from: Arvydas77 on November 06, 2017, 12:55:56 PM

Quote from: bitcoinpaul on November 06, 2017, 11:57:43 AM

No other project can handle 4000 tps decentralized (as it is running right now on the testnet)

Yes, I agree but you said now and who knows what will be in the future. I think some projects will go well beyond this level still being "blockchain" and open source.

You can't expect a project build on top of a blockchain technology to have 4000 tps. It's achievable only if it has either a low number of full-nodes (which leads to centralization) or off-chain transactions (which leads to insecurity in general). Some developers move to DAG, but it still has some scalability issues.

I may be wrong, but as far as I know, Radix is going to become opensource in a year or so once the project is released to the public.

abeke

full member

Activity: 216

Merit: 100

100k txn/s huge number. Will there be utility tokens? Are you planning public sale or distribution? I haven't heard about your project. But good luck. 5 year it's a long road.

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

Quote from: bitcoinpaul on November 06, 2017, 11:57:43 AM

No other project can handle 4000 tps decentralized (as it is running right now on the testnet)

Yes, I agree but you said now and who knows what will be in the future. I think some projects will go well beyond this level still being "blockchain" and open source.

Topic: Radix - Tempo Whitepaper - page 2. (Read 5366 times)