Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 145. (Read 804678 times)

When did I ever call a poster a "annoying bug"?

Those delegates are just place-holders to fill out the system.  They will drop off as other delegates come online, and they will be there in case of a network failure to continue the blockchain. 

Yeah, you do a greate job, just don't be too rude to supporters (calling us annoying bugs and so on).

Bitcoin started with 1 centralized node as well.

These genesis delegates will probably be replaced within 1h.

Oh, i see.  There will be previlegeous delegates without votes.
Nice decentralized system! 

There wont ever be less than 101 delegates, because the Foundation will be running 101 delegates from the start.  These delegates will have few or no votes, so will be replaced by other delegates as they come online.

The top 101 delegates will be doing the forging, but there may be as many as a few hundred delegates at any one time.  Some may have a million votes, some one vote.

Since the forging fees are divided equally between the 101 delegates that were online and forging for that cycle, there is no real incentive to be delegate #1......... payout is the same as delegate #101.   But being a higher rank makes a delegates position more secure, but not financially more rewarding.

What do you mean? We can set less amount of delegates then 101, but now it's 101.
In future it's possible to change this number.

Will Crypti be "cryptographically and mathematically" damaged if there would be less than 101 active delegates? 

Thanks for the replying. It seems you guys are on the right track. The DPOS is probably one of the best you can get for now. The good part for XCR is that you guys plan to build a platform for commercial and business applications in the very beginning. Commercializations is the ultimate goal for cryptos. It will be good to start it in a very specific and niche market and industry.

Btw, you guys need to change your signature regarding the proof.

It was not my birthday, but the birthday of a very good friend and also the good-bye-party, as he is going to the USA for an internship. My birthday is on the 25.12.



It's based on the DPoS consensus mechanism of Bitshares, but some elements are different. We concentrated on the principle, that easier is better.

I don't know exactly how Bitshares' DPoS consensus mechanism is working, but I know that the active delegates can set a fee themselves and with every block (or delegate cycle?) new BTS are created. I also believe, that they while they are going in a cycle, and if it's the turn of active delegate A and his forged block has a fee of 0, he only gets the inflated fee. Please correct me if I'm wrong here, Boris can say it correctly.

In Crypti there are also 101 active delegates in total. This is a given, because the underlying cryptography and mathematic proved this as one of the most secure number (odd and prime). There is no inflation model in Crypti, the fee of the last 101 blocks (1 cycle) is collected and distributed equally between all 101 active delegates. This makes sure, that everyone will get the same amount of XCR in every round.

To be a delegate you have to register for a specific fee, this fee is a bit higher than normal, to make sure only serious people have the chance to become an active delegate. At the delegate registration you have to set a unique name. After the registration you can promote your delegate, in order to get more votes. The voting system makes sure, that only honest and serious people become an active delegate. This is a choice from the community and their incentive should be, that only the fastest nodes with the highest uptime become an active delegate. (You can see the uptime in the client)

This all is ported to Javascript utilizing Node.js. As it stands right now, DPoS will be the only "proof of" in Crypti. I asked Boris to check my explanations, in order to not tell half-thruths. But the part about Crypti should be correct.

When I talk about an "active delegate" I mean one of the TOP101 delegates with enabled forging.

0.2.0 is the best birthday present.

Happy Birthday Max. The Crypti community is fortunate to have you around.

Max can answer that the best, but today is his birthday...... You all wish him a Happy B-Day!

Is this DPOS same as Bitshares' one, but written in a different programming language? Will there be other Poofs in the system or just DPOS?

CryptiKit Update - Simple & easy Crypti node deployment and management.

Hello Everyone! Working hard as always!

This release marks another significant step forward in making it much easier to keep those Crypti nodes bang up-to-date!

Please download here: https://github.com/karmacoma/cryptikit/releases/tag/v1.9.0

For further information about CryptiKit and what it can do, please read here:
- https://github.com/karmacoma/cryptikit/blob/v1.9.0/README.md

For the complete changelog, please read here:
- https://github.com/karmacoma/cryptikit/blob/v1.9.0/Changelog.md

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Changelog

Improved check_nodes task

Now automatically checks for any outdated nodes with helpful instructions on how to upgrade.

The latest version is determined by sampling the first 100 peers found on the network. This sample data is taken by a designated reference node, as defined within the CryptiKit configuration file.

For more information, please read: https://github.com/karmacoma/cryptikit/blob/v1.9.0/README.md#checking-nodes

Example - Outdated Node



Example - Report Summary

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Replacing crypti download url

Now automatically points to latest API compatible crypti version. Removing the need for CryptiKit to track every crypti release.

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Replacing blockchain download url

Now points to a more regularly updated blockchain snapshot.

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Improved and refined documentation

Documentation should now be more straight forward for any newcomers.

Please read: https://github.com/karmacoma/cryptikit/blob/v1.9.0/README.md

If you want to speed things up, contact Bter and TELL them to release XCR for withdrawal.  

There will not be DPOS until we can withdraw XCR from Bter.  There is just too little XCR in private hands for a stable system.

The team is really busy with the testing.  You would not believe how many different versions have been tested for bugs and functionality.

Ethereum is developing a similar system, with $18 million dollars of IPO money, and they are still vaporware after 9 months.  We have only a handful of devs, but have made great progress. 

Go bug Lin at Bter..... not us.

And... ... we are waiting ...

No. It just takes the number of your XCR balance as a voting weight. It will cost a minimal amount of XCR as a fee through (like 1XCR).

Do you actually send XCR when voting? And if so, who gets the XCR used for voting?

Yes, jiuge........ I believe you posted on this blog on page 1.  Glad to see you are still among the faithful.