What is a transaction?
Transactions are the only way SPARTA addresses can alter their balances. Each transaction performs a single function. A record of the transaction is permanently stored on the network once it has been included in a block.
In short, a transaction is transfer of SPA from one address to another. When a SPARTA network participant carries out a transaction, it gets into a transaction pool along with all other new transactions of network participants.
All SPARTA transactions are considered unconfirmed until they are included in a valid network block. When a block with a transaction is included in the blockchain, it becomes a transaction with one confirmation. As a rule, once the transaction has been sent, it goes from the pool immediately to the block. As blocks on the SPARTA network are created every minute, in most cases a transaction needs only 1 minute to get the first confirmation.
As subsequent blocks are added to the existing blockchain, each transaction receives new confirmations from each of the added blocks. On the SPARTA network, each transaction is deemed safe after 10 confirmations. If for some reason the transaction is not included in the block before its deadline (24 hours), it is removed from the transaction pool.
For more information about transactions see our Whitepaper.
Topic: [SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable. - page 10. (Read 3449 times)
April 13, 2018, 01:31:26 PM
April 12, 2018, 01:46:15 PM
Description of SPARTA's main advantages:
High capacity, fast transactions
Bank transfers may take 3-5 business days. Transactions in SPARTA are instantaneous, and transaction confirmations only take 1 minute.
The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.
The network capacity is as follows:
14,7 transactions per second;
888 transactions per minute;
53,280 transactions per hour;
1,278,720 transactions per day;
8,951,040 transactions per week;
38,361,600 transactions per month;
466,732,800 transactions per year.
You can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day. SPARTA transactions four times as fast as Bitcoin.
High capacity, fast transactions
Bank transfers may take 3-5 business days. Transactions in SPARTA are instantaneous, and transaction confirmations only take 1 minute.
The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.
The network capacity is as follows:
14,7 transactions per second;
888 transactions per minute;
53,280 transactions per hour;
1,278,720 transactions per day;
8,951,040 transactions per week;
38,361,600 transactions per month;
466,732,800 transactions per year.
You can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day. SPARTA transactions four times as fast as Bitcoin.
April 11, 2018, 02:53:57 PM
Description of SPARTA's main advantages:
Proof-of-Stake
Bitcoin and most other cryptocurrencies use the Proof-of-Work (PoW) concept. This was the very first technique used, and it happened to bring a lot of issues with it. However, SPARTA uses Proof-of-Stake (PoS), so here this process is called forging, not mining. What's the difference?
In the SPARTA network the probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block and receiving a reward.
Proof-of-Stake
Bitcoin and most other cryptocurrencies use the Proof-of-Work (PoW) concept. This was the very first technique used, and it happened to bring a lot of issues with it. However, SPARTA uses Proof-of-Stake (PoS), so here this process is called forging, not mining. What's the difference?
- In the case with Proof-of-Work, mining requires considerable and expensive computing power as well as huge monthly electricity costs. In search of profits, miners keep buying powerful specialized hardware that costs a huge amount of money. Miners began to pool their powerful resources, thus pushing ordinary people out of mining. This leads to centralization, which cryptocurrency was specifically designed to fight against.
- In the case with Proof-of-Stake as a forging tool, the user account balance is used instead of computing power. SPA tokens (coins) are used instead of processors and video cards. Each token is a forging tool. Thus, forging is more convenient and simpler than traditional mining, because a regular computer is powerful enough. As a result, this method is available to ordinary people and does not promote centralization.
In the SPARTA network the probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block and receiving a reward.
April 11, 2018, 03:50:27 AM
Potential 
I want to know if the feature is working or not yet
I want to know if the feature is working or not yet
April 10, 2018, 03:07:06 PM
Is it different from the SPARTA that published here before but the ANN got deleted or is it the same and your just created a new thread?
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)
this is a knockoff
first SPARTA is an accelerator http://spartaico.com/
This is an entirely different cryptocurrency that has no relationship whatsoever with any past attempts to launch SPARTA. We are not launching an ICO and do not plan to do so.
April 10, 2018, 06:54:55 AM
This is a project with potential.
April 05, 2018, 02:00:35 PM
Description of SPARTA's main advantages:
Always the smallest fee
A fee must be paid on each transaction. But this fee is insignificant compared to bank fees and the fees that apply to other cryptocurrencies. It is purely symbolic and only necessary to protect the network from spam transactions unlike, for example, the Bitcoin fee, which serves to enrich miners.
For example, suppose there's an evil user named Steve. Steve has 2 addresses in the SPARTA network, which he uses to move coins around. He transfers 1000 SPA from the first wallet to the second wallet. Then he transfers the coins from the second wallet to the first. And so on forever. Each transaction is verified and added to the blocks, but this behavior is entirely pointless. And thus Steve is simply creating an unnecessary additional load on the network. Thus, the fee discourages Steve from doing this, since he will have to pay for each transfer from one address to another. The fee also protects against similar attacks.
The network fee does not depend on the transfer amount or the user's location. The fee is the smallest possible and changes dynamically as time passes. The SPARTA network will always maintain the minimum possible fee for users.
For example, the current fee is 1 SPA. At the current USD exchange rate, this is less than 1 cent. But suppose that the SPA exchange rate grows significantly in time and 1 SPA is worth several dollars. In this case, SPARTA will simply lower the fee to, for example, 0.001 SPA, so that the fee is still no more than a few cents.
Always the smallest fee
A fee must be paid on each transaction. But this fee is insignificant compared to bank fees and the fees that apply to other cryptocurrencies. It is purely symbolic and only necessary to protect the network from spam transactions unlike, for example, the Bitcoin fee, which serves to enrich miners.
For example, suppose there's an evil user named Steve. Steve has 2 addresses in the SPARTA network, which he uses to move coins around. He transfers 1000 SPA from the first wallet to the second wallet. Then he transfers the coins from the second wallet to the first. And so on forever. Each transaction is verified and added to the blocks, but this behavior is entirely pointless. And thus Steve is simply creating an unnecessary additional load on the network. Thus, the fee discourages Steve from doing this, since he will have to pay for each transfer from one address to another. The fee also protects against similar attacks.
The network fee does not depend on the transfer amount or the user's location. The fee is the smallest possible and changes dynamically as time passes. The SPARTA network will always maintain the minimum possible fee for users.
For example, the current fee is 1 SPA. At the current USD exchange rate, this is less than 1 cent. But suppose that the SPA exchange rate grows significantly in time and 1 SPA is worth several dollars. In this case, SPARTA will simply lower the fee to, for example, 0.001 SPA, so that the fee is still no more than a few cents.
April 05, 2018, 10:12:30 AM
Is it different from the SPARTA that published here before but the ANN got deleted or is it the same and your just created a new thread?
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)
The first SPARTA has an ICO plan but later on they cancelled their ICO and distribute the tokens for free thru an undisclosed way of getting some free coins. (or maybe i'm just unaware of how they distribute their free tokens)
this is a knockoff
first SPARTA is an accelerator http://spartaico.com/
April 04, 2018, 01:32:21 PM
Description of SPARTA's main advantages:
Transfers at any time to any part of the world
Unlike bank transfers, operations with cryptocurrencies are executed 24 hours a day, 365 days a year. You decide for yourself when, to whom, and where to send money. There are no limitations here.
With the SPARTA cryptocurrency, you manage your own funds. There is no need to ask your bank for permission to use them. Nobody can freeze your account or block a transfer to someone from a particular country or region.
Suppose that in the middle of the night Ravi from India wants to make a transfer to his friend Ben in Australia:
With fiat money, Ravi would have to wait until morning, go to the bank, stand in line, fill out forms, pay a huge fee (likely at least 10% of the transfer amount), and then wait 3-5 business days for Ben to get the money.
With SPARTA, in the middle of the night Ravi can immediately send SPA tokens, which Ben will receive after 1 minute.
So if you need to send money to someone in another country, you can do it quickly, without paying huge fees, and without filling out piles of forms.
Transfers at any time to any part of the world
Unlike bank transfers, operations with cryptocurrencies are executed 24 hours a day, 365 days a year. You decide for yourself when, to whom, and where to send money. There are no limitations here.
With the SPARTA cryptocurrency, you manage your own funds. There is no need to ask your bank for permission to use them. Nobody can freeze your account or block a transfer to someone from a particular country or region.
Suppose that in the middle of the night Ravi from India wants to make a transfer to his friend Ben in Australia:
With fiat money, Ravi would have to wait until morning, go to the bank, stand in line, fill out forms, pay a huge fee (likely at least 10% of the transfer amount), and then wait 3-5 business days for Ben to get the money.
With SPARTA, in the middle of the night Ravi can immediately send SPA tokens, which Ben will receive after 1 minute.
So if you need to send money to someone in another country, you can do it quickly, without paying huge fees, and without filling out piles of forms.
April 03, 2018, 11:43:05 AM
After i am read this information, i become know,this project simple but very easy for undertand how to a prooft stake crytocurency. i think this good. thank you.
April 03, 2018, 11:31:35 AM
I am interested in this project as well after reading the available information on page first. Total maximum supply also is promising if all the tokens get sold.
April 03, 2018, 11:16:34 AM
Description of SPARTA's main advantages: Blockchain technology
The SPARTA cryptocurrency is built on blockchain technology. This is an enormous ledger that is available to everybody and that cannot be altered. It contains encrypted information about all transactions in the SPARTA network.
A blockchain consists of a chain of inseparable blocks (the pages of this enormous ledger). Each block contains transaction information. Each transaction is verified before it is added to the blocks. In other words, a block represents a group of several transactions.
Moreover, each block always links to the previous block. This means that each block contains encrypted information about the previous block, which means that it cannot be replaced or counterfeited. If an attacker tries to somehow replace an already-confirmed block in the middle of the chain with another block, the blockchain simply will not accept it. Why? Because it will always be different than the block that is being replaced and to which all other blocks are linked.
In the SPARTA network, a new block consisting of 888 transactions is created each minute. Accordingly, it takes one minute to confirm a transfer in the SPARTA network. During this time, the transaction is verified and added to the blockchain.
The SPARTA network is decentralized and new blocks are created by the users themselves. The block information is available to everyone. The blockchain technology makes it easy to verify the authenticity of each payment, and cryptocurrency cannot be counterfeited or hacked. Furthermore, governments and corporations cannot influence the operations within the system.
The SPARTA cryptocurrency is built on blockchain technology. This is an enormous ledger that is available to everybody and that cannot be altered. It contains encrypted information about all transactions in the SPARTA network.
A blockchain consists of a chain of inseparable blocks (the pages of this enormous ledger). Each block contains transaction information. Each transaction is verified before it is added to the blocks. In other words, a block represents a group of several transactions.
Moreover, each block always links to the previous block. This means that each block contains encrypted information about the previous block, which means that it cannot be replaced or counterfeited. If an attacker tries to somehow replace an already-confirmed block in the middle of the chain with another block, the blockchain simply will not accept it. Why? Because it will always be different than the block that is being replaced and to which all other blocks are linked.
In the SPARTA network, a new block consisting of 888 transactions is created each minute. Accordingly, it takes one minute to confirm a transfer in the SPARTA network. During this time, the transaction is verified and added to the blockchain.
The SPARTA network is decentralized and new blocks are created by the users themselves. The block information is available to everyone. The blockchain technology makes it easy to verify the authenticity of each payment, and cryptocurrency cannot be counterfeited or hacked. Furthermore, governments and corporations cannot influence the operations within the system.
April 02, 2018, 02:57:18 PM
Questions?
For questions about working together, please contact us at the following email addresses:
- For questions about listing SPA on exchanges and exchangers: [email protected]
- For questions about RP, media, advertising, etc.: [email protected]
For all other questions: [email protected]
For questions about working together, please contact us at the following email addresses:
- For questions about listing SPA on exchanges and exchangers: [email protected]
- For questions about RP, media, advertising, etc.: [email protected]
For all other questions: [email protected]
April 01, 2018, 02:16:57 PM
How SPARTA can solve today's problems
We are trying to identify the best of what has been created and apply it in our operations. SPARTA can solve many problems. For example:
- SPARTA allows everyone to access financial services regardless of their location and without having to get someone's permission.
- People, not banks or other financial institutions, remain in control of their own funds.
- #Blockchain technology can help resist political tyranny by introducing decentralized cloud-based functions that were previously controlled exclusively by official organizations.
- Many branches of the economy will be able to escape excessive regulation and licensing requirements imposed by hierarchical structures, lobbyists, and special interest groups. This will help create new business models that are not burdened by unnecessary intermediaries.
- Blockchain-based records of all transactions and the inability to change these records may become the foundation for societal progress.
- Each asset in the blockchain is coded with a unique identifier used to monitor, control, exchange, sell, or buy the asset.
- Due to its economic, political, humanitarian and legal advantages, blockchain technology is becoming a powerful breakthrough capable of fundamentally changing most aspects of society.
We are trying to identify the best of what has been created and apply it in our operations. SPARTA can solve many problems. For example:
- SPARTA allows everyone to access financial services regardless of their location and without having to get someone's permission.
- People, not banks or other financial institutions, remain in control of their own funds.
- #Blockchain technology can help resist political tyranny by introducing decentralized cloud-based functions that were previously controlled exclusively by official organizations.
- Many branches of the economy will be able to escape excessive regulation and licensing requirements imposed by hierarchical structures, lobbyists, and special interest groups. This will help create new business models that are not burdened by unnecessary intermediaries.
- Blockchain-based records of all transactions and the inability to change these records may become the foundation for societal progress.
- Each asset in the blockchain is coded with a unique identifier used to monitor, control, exchange, sell, or buy the asset.
- Due to its economic, political, humanitarian and legal advantages, blockchain technology is becoming a powerful breakthrough capable of fundamentally changing most aspects of society.
March 31, 2018, 03:14:43 PM
now profitable to invest in the project. If you intend to do this, then the best time to do it now!
Thank you. We are going to work actively on the development of SPARTA.
March 30, 2018, 02:34:11 PM
Learn where SPARTA is headed: check out our roadmap
We are seeking to gain a strong foothold in the cryptocurrency market and make SPARTA as convenient and useful as possible for everyone on the planet. Check out our roadmap and learn what our plans are for the future.
Roadmap: https://sparta.top/roadmap.html
We are seeking to gain a strong foothold in the cryptocurrency market and make SPARTA as convenient and useful as possible for everyone on the planet. Check out our roadmap and learn what our plans are for the future.
Roadmap: https://sparta.top/roadmap.html
March 29, 2018, 01:59:12 PM
Values of the SPARTA community
- Independence. We strive to liberate people from dependence on banks and unnecessary costs. Everyone should be able to escape banks' financial control and significantly reduce transaction fees. We believe that if a person wants independence, he or she should have the right to obtain it.
- Freedom. We want people to not be bound by any absurd restrictions. For example, everybody should be able to exchange money with their relatives in other countries without any problems. It is important that people have freedom not on paper, but in real life.
- Fairness. All people should have equal rights—without any hierarchies or other kinds of subordination between people. We want to help everyone build equitable relationships based on objectivity and impartiality.
- Honesty. We do not accept deception, fraud and corruption. That's why we want to build new human relations, including financial relations, based on truth and adherence to principles.
- Independence. We strive to liberate people from dependence on banks and unnecessary costs. Everyone should be able to escape banks' financial control and significantly reduce transaction fees. We believe that if a person wants independence, he or she should have the right to obtain it.
- Freedom. We want people to not be bound by any absurd restrictions. For example, everybody should be able to exchange money with their relatives in other countries without any problems. It is important that people have freedom not on paper, but in real life.
- Fairness. All people should have equal rights—without any hierarchies or other kinds of subordination between people. We want to help everyone build equitable relationships based on objectivity and impartiality.
- Honesty. We do not accept deception, fraud and corruption. That's why we want to build new human relations, including financial relations, based on truth and adherence to principles.
March 28, 2018, 02:38:19 PM
Especially for our users, we have prepared a comprehensive list of answers to frequently asked questions.
Illustrated FAQ: https://sparta.top/SPARTA_faq.pdf
FAQ on the website: https://sparta.top/faq.html
Illustrated FAQ: https://sparta.top/SPARTA_faq.pdf
FAQ on the website: https://sparta.top/faq.html
March 27, 2018, 03:32:22 PM
Money-making opportunity: trading on exchanges
You can make money on fluctuations in the SPARTA exchange rate. You trade SPA coins on exchanges and earn profits on the difference between your purchase and sale prices.
How does this work?
When the exchange rate falls, you buy cryptocurrency.
When the exchange rate increases, you sell it to other people at a profit.
It's basically like trading stocks, but everyone can do it and we dealing with SPA coins instead of company shares. The Internet is full of books and useful videos on stock trading. Anyone can become a trader and earn great money. This is your chance to start a new independent life!
You can already trade SPA in the following currency pairs:
- SPA/BTC: SIGEN .pro/trading/SPABTC
https://btc-alpha.com/exchange/SPA_BTC/
- SPA/LTC: SIGEN .pro/trading/SPALTC
- SPA/USD: https://btc-alpha.com/exchange/SPA_USD/
We wish you prosperity in your investments and trades!
Exchange rate and trading volume:
- Despite the overall negative trend in the cryptocurrency market, SPA continues to appreciate. Compared with last week's report, the exchange rate has increased by 41% to $0.00237 | 0.00000030 BTC.
- Daily trading volume grew 1.5 times to $1,500,924.82 | 192.81848791 BTC | 642,728,293 SPA.
You can make money on fluctuations in the SPARTA exchange rate. You trade SPA coins on exchanges and earn profits on the difference between your purchase and sale prices.
How does this work?
When the exchange rate falls, you buy cryptocurrency.
When the exchange rate increases, you sell it to other people at a profit.
It's basically like trading stocks, but everyone can do it and we dealing with SPA coins instead of company shares. The Internet is full of books and useful videos on stock trading. Anyone can become a trader and earn great money. This is your chance to start a new independent life!
You can already trade SPA in the following currency pairs:
- SPA/BTC: SIGEN .pro/trading/SPABTC
https://btc-alpha.com/exchange/SPA_BTC/
- SPA/LTC: SIGEN .pro/trading/SPALTC
- SPA/USD: https://btc-alpha.com/exchange/SPA_USD/
We wish you prosperity in your investments and trades!
Exchange rate and trading volume:
- Despite the overall negative trend in the cryptocurrency market, SPA continues to appreciate. Compared with last week's report, the exchange rate has increased by 41% to $0.00237 | 0.00000030 BTC.
- Daily trading volume grew 1.5 times to $1,500,924.82 | 192.81848791 BTC | 642,728,293 SPA.
March 26, 2018, 02:22:52 PM
Privacy and legal
SPARTA cryptocurrency was conceived and developed for creating fair financial relations among people. The cryptocurrency code is completely open, so anyone can use it.
SPARTA does not violate any international laws. So if cryptocurrency is not banned in your country, you may use it. We call to comply with the laws of the country of your residence.
SPARTA cryptocurrency was conceived and developed for creating fair financial relations among people. The cryptocurrency code is completely open, so anyone can use it.
SPARTA does not violate any international laws. So if cryptocurrency is not banned in your country, you may use it. We call to comply with the laws of the country of your residence.
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