Topic: VLT | Veltor | Donar Network | Minimalism. - page 23. (Read 141346 times)
I have some coins on Yobit, what will happen after coin swap with my coins?
Sunday update:
Last week, I put some thought into the long term Veltor roadmap. Once the prototype is done and the coinswap behind us, there will already be a functioning lightning network, able to scale to a global payment network. So, I asked myself, what should I work on after that?
One topic I keep coming back to is a smart contract platform on top of the lightning network. Veltor has native support for multi-party payment channels. Instead of just putting funds into a common address and signing a payout settlement transaction, it's easy to imagine that all parties taking part in the channel could sign a smart contract. This smart contract would execute deterministically inside the channel and allow participants to have thousands of executions a second without having to settle anything to the blockchain.
In order to make it possible to settle such a contract, we'd only need to add one type of transaction to the base layer of Veltor that takes the current blockchain state, runs the smart contract code in a virtual machine, and then outputs the next blockchain state. In case of disagreement about the smart contract execution, this would allow the blockchain to become the final arbiter.
Imagine the possibilities of a platform like that. You'd be able to execute any code inside a payment channel with two, five, twenty, a hundred participants, without limitations of mining or blockchain, just limited by network conditions and CPU. It would completely remove the kind of limitations that you find with current smart contract platforms. Any kind of application could efficiently be executed on the blockchain in a distributed manner, with no additional limitations compared to traditional online applications. The possibilities are endless and the disruption is going to be beyond most people's comprehension.
J.V.
Last week, I put some thought into the long term Veltor roadmap. Once the prototype is done and the coinswap behind us, there will already be a functioning lightning network, able to scale to a global payment network. So, I asked myself, what should I work on after that?
One topic I keep coming back to is a smart contract platform on top of the lightning network. Veltor has native support for multi-party payment channels. Instead of just putting funds into a common address and signing a payout settlement transaction, it's easy to imagine that all parties taking part in the channel could sign a smart contract. This smart contract would execute deterministically inside the channel and allow participants to have thousands of executions a second without having to settle anything to the blockchain.
In order to make it possible to settle such a contract, we'd only need to add one type of transaction to the base layer of Veltor that takes the current blockchain state, runs the smart contract code in a virtual machine, and then outputs the next blockchain state. In case of disagreement about the smart contract execution, this would allow the blockchain to become the final arbiter.
Imagine the possibilities of a platform like that. You'd be able to execute any code inside a payment channel with two, five, twenty, a hundred participants, without limitations of mining or blockchain, just limited by network conditions and CPU. It would completely remove the kind of limitations that you find with current smart contract platforms. Any kind of application could efficiently be executed on the blockchain in a distributed manner, with no additional limitations compared to traditional online applications. The possibilities are endless and the disruption is going to be beyond most people's comprehension.
J.V.
Dose nay1 knows when VLT will be on Poloneix?
I think one thing is fairly certain, if it does happen it won't be before the coinswap.
Dose nay1 knows when VLT will be on Poloneix?
Tomorrow...
Dose nay1 knows when VLT will be on Poloneix?
no meaningful commits on github
Explanation is right under the the github link
Quote
(This is the legacy codebase, built on bitcoin. A coin swap is going to take place ones the new codebase, built from scratch, is operational)
no meaningful commits on github
I have spoken with Jason and he has agreed on me taking an unofficial marketing role for Veltor.
https://twitter.com/VeltorPR
https://twitter.com/VeltorPR
Cool
. Is that an social media marketing you are doing or are you planning to work with press/news media?I'll primarily be working with social media, but I'll be looking at news.
I have spoken with Jason and he has agreed on me taking an unofficial marketing role for Veltor.
https://twitter.com/VeltorPR
https://twitter.com/VeltorPR
Cool
. Is that an social media marketing you are doing or are you planning to work with press/news media?
Well look at this coin that I stumbled upon tonight. Interesting small project right here and I'll be lurking around here and keep my eye on it.
Can you post a Link to the slack or telegram channel , Id like to join also
Just send a pm containing your email address to jason to get a slack invite
Can you post a Link to the slack or telegram channel , Id like to join also
Hello, a good idea is to have a Veltor channel on slack.com
PM me your email and you'll be added to our channel.
J.V.
Hello, a good idea is to have a Veltor channel on slack.com
I have spoken with Jason and he has agreed on me taking an unofficial marketing role for Veltor.
https://twitter.com/VeltorPR
https://twitter.com/VeltorPR
Congratulations! Good to have you
Wishing you the best of luck, you have my support 
I have spoken with Jason and he has agreed on me taking an unofficial marketing role for Veltor.
https://twitter.com/VeltorPR
https://twitter.com/VeltorPR
It will come soon the team is working on it
He said before that he's on it. Writing a new block explorer. Meantime use one that are listed in the OP.
Jump to: