Does anyone know if 10 second block times is the record in crypto-currencies?
I am not saying that Bitshares x is too centralized. At the moment Bitshares X is probably more decentralized than Bitcoin.
Topic: Which Proof of Stake System is the Most Viable - page 2. (Read 25785 times)
Does anyone know if 10 second block times is the record in crypto-currencies?
I am not saying that Bitshares x is too centralized. At the moment Bitshares X is probably more decentralized than Bitcoin.
Does anyone know if 10 second block times is the record in crypto-currencies?
when was transparent forging with leasing implemented?
Exactly, when? BitShares can run anything they want on testnet, just like NXT can test anything on testnet, it's when it goes to live net that counts as the implementation.
Ok...so when is this next feature release. And can I join the test net with transparent forging and leasing?
BTSX is live now with DPOS implemented with 10 second confirmation times and approval voting for 101 delegates.
Ok...so when is this next feature release. And can I join the test net with transparent forging and leasing?
Currently, we are busy preparing and testing the Digital Goods Store. That is in the current release. Leasing works already on the main net.
I really like the leased forging concept. This is something DPOS fixes by not having forging power proportional to stakes. One of these 2 approaches is a necessity for POS systems. The security exposure is just too high otherwise.
Ok...so when is this next feature release. And can I join the test net with transparent forging and leasing?
Currently, we are busy preparing and testing the Digital Goods Store. That is in the current release. Leasing works already on the main net.
Transparent Forging has lower priority as we do not need 1000 TPS right now. But it is planned this year.
After the current release, the next major release only includes internal improvements (DB etc.)
And after that the next major feature release will come. Roadmap is there: https://nxtforum.org/news-and-announcements/development-roadmap-update-2014-07-05/
when was transparent forging with leasing implemented?
Exactly, when? BitShares can run anything they want on testnet, just like NXT can test anything on testnet, it's when it goes to live net that counts as the implementation.
Ok...so when is this next feature release. And can I join the test net with transparent forging and leasing?
when was transparent forging with leasing implemented?
Exactly, when? BitShares can run anything they want on testnet, just like NXT can test anything on testnet, it's when it goes to live net that counts as the implementation.
To be fair messaging in BTSX is still TBD.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
Maybe I'm being pedantic but its an important enough distinction to me that to be chronologicaly correct, you should state "It seems like DPOS prior to upgrade to approval voting is very similar in principle to Nxt leasing + Transparent Forging". Otherwise you sound not objective by preceeding your own tech when in fact it is preceeded by Nxt.
Both networks were designed independently... It doesn't matter which preceded which.
Hmmm, if you look at development history and timelines thats debatable. Not in bitshares favor.
when was transparent forging with leasing implemented?
To be fair messaging in BTSX is still TBD.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
Maybe I'm being pedantic but its an important enough distinction to me that to be chronologicaly correct, you should state "It seems like DPOS prior to upgrade to approval voting is very similar in principle to Nxt leasing + Transparent Forging". Otherwise you sound not objective by preceeding your own tech when in fact it is preceeded by Nxt.
Both networks were designed independently... It doesn't matter which preceded which.
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
In NXT:
a) can lease for 32767 maximum blocks (not sure if that limit can or will be changed in the future).
b) yes, it's a separate type of tx with a fee.
c) It can't be revoked before lease expires (again, this could be changed in future releases as this feature becomes more advanced).
d) the accepting account can't lease lessor's forging power to others, they can only lease their own NXT balance to others.
On c). It can't be revoked, but you still have control of your coins so if you move them to another account, the lease is effectively broken.
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
In NXT:
a) can lease for 32767 maximum blocks (not sure if that limit can or will be changed in the future).
b) yes, it's a separate type of tx with a fee.
c) It can't be revoked before lease expires (again, this could be changed in future releases as this feature becomes more advanced).
d) the accepting account can't lease lessor's forging power to others, they can only lease their own NXT balance to others.
To be fair messaging in BTSX is still TBD.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
Cross-Chain-Trading has blockchain support, but has not been demonstrated in any test network.
Market Pegged assets are going to be tested live this week on the test network.
Items missing from table:
Pay transaction fees in any user-issued asset for which there is an open ask order.
Market Matching Algorithm is a tad more complex than just saying "automatic"... can anyone point me to the algorithm used by Nxt?
Nxt has leasing... DPOS has delegation... so lets compare and contrast:
a) leasing is for a fixed period of time
b) does leasing require executing a transaction on the blockchain (to lease) and does this charge a fee?
c) can your lease be revoked prior to the period of time.
d) what happens when your leased forging power are spent to someone new?
It seems like Nxt leasing + Transparent Forging is very similar in principle to DPOS prior to upgrade to approval voting.
I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?
Easy money.
I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?
Well, as long as it's impossible to include features specific to NXT into that table, which would show in red for BitShares, and as long as all the features showing in green for BitShares already work, I would say the accuracy concerns have been addressed
This table shows future features, right? Because BitShare is not alive, yet. If so, you need to mark the red cells for Nxt also green.
As I said, with the next major feature release, Nxt will provide all of them (except Cross-Chain Trading - that will be addressed in the feature release after next)
No the only "future" feature of bitshares is market pegged. Everything has been public tested for the past 2 months. You can join the test at bitsharestalk.org. When is this next major feature release for nxt?
I confirm what clout said. I tested BitSharesX also and I am more than impressed! Please try by yourself and make your personall conclusions at https://bitsharestalk.org/index.php?topic=5523.0
just ask on the forum to send you some test funds giving your BitSharesXT address... their members there are all very helpfull...
I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?
Well, as long as it's impossible to include features specific to NXT into that table, which would show in red for BitShares, and as long as all the features showing in green for BitShares already work, I would say the accuracy concerns have been addressed
This table shows future features, right? Because BitShare is not alive, yet. If so, you need to mark the red cells for Nxt also green.
As I said, with the next major feature release, Nxt will provide all of them (except Cross-Chain Trading - that will be addressed in the feature release after next)
No the only "future" feature of bitshares is market pegged. Everything has been public tested for the past 2 months. You can join the test at bitsharestalk.org. When is this next major feature release for nxt?
Re: Which Proof of Stake System is the Most Viable:
BitShares DPoS
~CfA~
BitShares DPoS
~CfA~
Only time will show
PPC C++ family (Nova Blackcoin… ) or NXT,NEM,NODE java.
NXT is creating different system while PPC family is able to use in easy way solution from BTC markets.
Today you have NXT assent exchange this is BIG interesting concept
but from the other had you have Blackcoin multisign that will
allow “cold stacking” - you will be able to stake using mobile and PC – hacker will have to hack your both devices in order to stole your coins.
That currently works but you need 2 PC but mobile client is only matter of time.(will be open source after some time after full release )
Such technology is needed in crypto overall to help people start thinking that digital currencies are secure like bank accounts.
Both POS systems are improving over time but technology using between them is different I don’t know what future will be.
NXT is making nice moves forward in development (java is easier to program ) while Blackcoin PPC are improving protocols too.
There won’t be ultimate GREAT solution and all will have own + and -.
But every “–“ can be solved sooner or later like Blackcoin is solving insecure stacking problem.
NXT will develop their solutions too.
PPC C++ family (Nova Blackcoin… ) or NXT,NEM,NODE java.
NXT is creating different system while PPC family is able to use in easy way solution from BTC markets.
Today you have NXT assent exchange this is BIG interesting concept
but from the other had you have Blackcoin multisign that will
allow “cold stacking” - you will be able to stake using mobile and PC – hacker will have to hack your both devices in order to stole your coins.
That currently works but you need 2 PC but mobile client is only matter of time.(will be open source after some time after full release )
Such technology is needed in crypto overall to help people start thinking that digital currencies are secure like bank accounts.
Both POS systems are improving over time but technology using between them is different I don’t know what future will be.
NXT is making nice moves forward in development (java is easier to program ) while Blackcoin PPC are improving protocols too.
There won’t be ultimate GREAT solution and all will have own + and -.
But every “–“ can be solved sooner or later like Blackcoin is solving insecure stacking problem.
NXT will develop their solutions too.
I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?
Well, as long as it's impossible to include features specific to NXT into that table, which would show in red for BitShares, and as long as all the features showing in green for BitShares already work, I would say the accuracy concerns have been addressed
This table shows future features, right? Because BitShare is not alive, yet. If so, you need to mark the red cells for Nxt also green.
As I said, with the next major feature release, Nxt will provide all of them (except Cross-Chain Trading - that will be addressed in the feature release after next)
They are all special, each in their own unique way. There are no winners and losers. It's all a learning experience, and we're all in this together. Who needs a hug?
Me.
I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?
Well, as long as it's impossible to include features specific to NXT into that table, which would show in red for BitShares, and as long as all the features showing in green for BitShares already work, I would say the accuracy concerns have been addressed
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