Topic: [RADS] Radium - Decentralized Identities, Custom Assets, Elections, and More! - page 196. (Read 579162 times)

I'm starting to see the potential in this, WOW!

Sure thing!  larger documents require a large amount of Radon asset to store, to discourage bloating the blockchain. The Recommended method for such documents, would be to store the hash, and then store the hash in the blockchain. This still provides proof of the time the document was recorded, and prevents any alterations to the document. If the document were to be changed after the hash is recorded, the document would no longer verify.

Could a user store deeds and titles to things on the smart blockchain?

Your guess is as good as mine.  I have no assessment as to what it should be worth, that is for each investor to do on their own. I suppose not a lot of people know about Radium yet.

well with the smartchain client, there are a few features that are quite useful. the file hashing and verification is great from a security standpoint. say a developer releases some code and they have the file hashed and that hash encoded into the blockchain. say their account gets hacked and somebody changes the software so that they can infect people computers with the updated code. so somebody downloads the software and then runs it through the hash verification function that hashes the code and then checks the blockchain's data to see who posted it and when it was posted. if it comes back unverified even though its supposed to be on there.. then you know the code has been tampered with

another use is text encoding, which in a sense can be used to encode historical data permanently into the blockchain...it could be weather, stock prices, major events, and so on

there is also a way for the developer to encode data to the blockchain that will send alerts to everyone in case of urgent updates or whatever

with Radium Send, people can send radium or radon(smartchain asset) to a username instead of an address, which makes it an on blockchain user registration system fully decentralized

and because of the Radon is created through slow decay, it will keep people from spamming the blockchain with data while still being a non competetive method to store data if you want to, which helps control bloat.

also with user Verification code there adds a bit of trust to the system, if a user has been verified using some third party(say on here or slack and the person can prove that is their user name) people can trust that that user has access to that account, plus in case of that user getting hacked, that name can be unverified(all this does is change their status on the chain and nothing else) which means it would be harder for the hacked account to be used in some scamming plan.

and these are all being fleshed out as time goes by, but right now these things work very well, we have been doing testing for quite some time and jj's client is a very simple interface to use. plus once more users start to use the smartchain client and we get some feedback it will just become more polished and hopefully have a larger feature set than it currently already has.

Great stuff!

You've sold me.
But why is it so cheap?

If Trex would like to do a code review, I have no issues with that.

I can give you 4, off the top of my head. There will be more as I can add more features to the SmartChain.  Feature 1 is avalibel in the existing client linked in the ANN.  Features 2-4 are in Beta testing, and should be ready very soon, code gods willing.

1) Bob wants to receive Radium coins, but does not want to look up his address every time he wants to receive a payment. Bob Can use the SmartChain to  link his address to his username "Bob", and then customers can simply use the SmartChain to lookup bobs address directly from the client. In effect, we have created a username-address "phone book".

2) Bob wants everyone to know that he predicts Carolina will win the Superbowl.  Bob makes a text note, saying "my name is bob, and I predict Carolina will win the Superbowl"  and records it in the blockchain. If Alice doubts bob made that prediction, Bob tell Alice to look at the note in the SmartChain. Alice can see exactly when Bob made the note, so there is proof of Bobs prediction.

3) Bob makes some software, and posts it online. He also records the file hash in in the blockchain with the SmartChain client.  Alice can now download Bobs software, and use the SmartChain to check it against the hash that bob recorded. If it is the same file, the file will verify, and Allice can rest assured the software she downloaded is the original software from Bob. 

4) Tom hacks Bobs website where he is offering his software for download, and replaces bobs software with a virus.  Alice downloads the virus, and uses the SmartChain to check the hash of the file. Because the file is different, the SmartChain will tell Alice it does not recognize the file, and Alice will know that something is amiss.

a code review will most likely get RADS listed on Trex iMHO..

https://bitcointalk.org/index.php?topic=1322856.new#new

Well, this has been hidden well for me, only learned it exists from the Factom topic.

Can anyone give me 5 real life use case examples for this coin?

Requests have been made to both, and we are waiting for further news from each.

Hey, very interesting looking coin. Any news on when you guys expect to be listed on bittrex or poloniex?

For anyone that would like to contribute to the development of the SmartChain, please submit improvement proposals here: https://github.com/tm2013/SmartChain-Improvement-Proposals

watching this one, i think its a no brainer really market cap and price is so low right now for whats on offer

looks like we're mooning right now  

One thing that I feel needs to be explained more, and will be pinned to the OP once it is in full effect: The block rewards will not be this low forever. One crucial part to the SmartChain is the concept that Radium decay rewards stakers for their work in storing the blockchain and processing transactions. Once enough users are using Radium decay on a regular basis, the block rewards will be closer to the original levels on average. Keep in mind, even at 1 coin per block as a base rate, we are still at approximately 17% interest. There are not many practical coins with that high of interest remaining.

SmartChain Phase 2 is in Private Beta among senior slack members.

New Features include:

• Immortalizing text notes in the blockchain
• Immortalizing file hashes in the blockchain
• Verifying a file against a hash previously Immortalized in the blockchain
• Client update alerts read from the blockchain
• Multi-threaded sync engine and Multi-threaded transaction processing engine that doubles sync speed
• Various GUI improvements and fixes

JJ12880

The block reward is going from 5 Radium per block to 1 Radium per block. Wouldn't that be 20% of the original value?