The Proof of Time is a sum of the blocks the node has been continuously running since it has either started, restarted, or generated a block. The Proof of Purchase includes a log based function consisting of the sum of the logs of its spends per block divided by the log of the sum all of the transactions of all of the nodes since the start of the network. Using a log based function prevents single, extremely large transaction from overpowering the other transactions in the weight. The sum of the two factors are added to give each node a total weight, the highest of which gets to create the next block and receive 50% of the transaction fees for that block.
This is an overall view of the process, but not inclusive of all of the details, and may be changed somewhat as we continue simulation and testing, and refine the algorithm to insure the scalability and longevity of the network.
Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 457. (Read 804700 times)
August 06, 2014, 01:48:19 PM
August 06, 2014, 01:22:17 PM
It will be nice to have at start poloniex + very clear and simple discription how to setup node in order to "catch" blocks/rewards.
Today there are a lot of miners who ignore PoS coins, cause it's impossibale to mine them. And, for example, without huge stake in Qora or NXT it's very difficult to forge.
But Crypti's PoT/PoI change the count. It has financial sense to forge in Crypti. And more users ---> higher the price.
Today there are a lot of miners who ignore PoS coins, cause it's impossibale to mine them. And, for example, without huge stake in Qora or NXT it's very difficult to forge.
But Crypti's PoT/PoI change the count. It has financial sense to forge in Crypti. And more users ---> higher the price.
There are clear instructions already how install the node (Bter got them too). Turning the forging is as simple as accessing the web-wallet and enabling it by entering your secret phrase.
We did a lot of thinking including running simulations, of how we can make PoS as distributed as possible, so both users running nodes and users spending Crypti, could have a fair chance to get the forging fee.
Bitseed could elaborate more here.
August 06, 2014, 12:20:19 PM
It will be nice to have at start poloniex + very clear and simple discription how to setup node in order to "catch" blocks/rewards.
Today there are a lot of miners who ignore PoS coins, cause it's impossibale to mine them. And, for example, without huge stake in Qora or NXT it's very difficult to forge.
But Crypti's PoT/PoI change the count. It has financial sense to forge in Crypti. And more users ---> higher the price.
Today there are a lot of miners who ignore PoS coins, cause it's impossibale to mine them. And, for example, without huge stake in Qora or NXT it's very difficult to forge.
But Crypti's PoT/PoI change the count. It has financial sense to forge in Crypti. And more users ---> higher the price.
August 06, 2014, 11:08:41 AM
Update
We have provided Bter today with a Crypti node (including their own testnet), and an API documentation, so Bter could integrate Crypti towards the mainnet launch. Having the API in RESTful form, should enable an easy and fast integration of Crypti nodes both on Bter, and on other exchanges in the future.
This Crypti node (with a mainnet), will also be available for a public download after the launch.
We also preparing a changelog that will list all the important features and improvements performed towards the launch version.
We have provided Bter today with a Crypti node (including their own testnet), and an API documentation, so Bter could integrate Crypti towards the mainnet launch. Having the API in RESTful form, should enable an easy and fast integration of Crypti nodes both on Bter, and on other exchanges in the future.
This Crypti node (with a mainnet), will also be available for a public download after the launch.
We also preparing a changelog that will list all the important features and improvements performed towards the launch version.
August 06, 2014, 08:51:45 AM
Shit, I'm too late to the party...
50% profit??party isn't started yet; 10.08.2014
you still have a time to join
For anyone who missed the ipo, now is the time to buy. Once this is on the actual Coinmarketcap board it will quickly climb to the top 15 at a minimum.... roughly 7X what it is currently traded at. Mark my words...
Still tho , too bad I can't buy any coins In the ipo. I'm on holidays and have zero access to my btc wallet. And when I'm back it will be too late
August 06, 2014, 07:59:21 AM
Shit, I'm too late to the party... 50% profit??
50% profit??party isn't started yet; 10.08.2014
you still have a time to join
For anyone who missed the ipo, now is the time to buy. Once this is on the actual Coinmarketcap board it will quickly climb to the top 15 at a minimum.... roughly 7X what it is currently traded at. Mark my words...
August 06, 2014, 06:11:33 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
LOL ha ha
So what % of profit are you at right at this moment?
Do your homework and check for yourself.
you are just full of laugh today
If you cant prove it. It didn't happen. Maybe you did not make much basically people selling off for what they paid, THIS IS MY GUESS. I am not troll on Crypti. I belive it will a success.
But like they says, everyone mad around here. Includes you.
It's hand is weak and you have to take out on me?
Cheer up guys if you haven't lost your money, But you have lost profits?
Heh.. I'll tell you but you probably won't believe me if you're a troll.
I already got my initial IPO investment back and still have 50% of the XCR left
I also have buy orders all over, just in case some weak hands decide to sell.. 
August 06, 2014, 06:00:42 AM
Shit, I'm too late to the party... 50% profit??
50% profit??party isn't started yet; 10.08.2014
you still have a time to join
August 06, 2014, 05:38:21 AM
Shit, I'm too late to the party... 50% profit??
50% profit?? 
August 06, 2014, 05:12:44 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
LOL ha ha
So what % of profit are you at right at this moment?
Do your homework and check for yourself.
you are just full of laugh today
If you cant prove it. It didn't happen. Maybe you did not make much basically people selling off for what they paid, THIS IS MY GUESS. I am not troll on Crypti. I belive it will a success.
But like they says, everyone mad around here. Includes you.
It's hand is weak and you have to take out on me?
Cheer up guys if you haven't lost your money, But you have lost profits?
No one is mad here except you. The thread is full of info which you can use to estimate the profits we are currently sitting on, yet you choose to continue posting claims that are baseless and untrue. You are now making thinly disguised posts trying to spread false information while claiming to support Crypti.
Anyone with a sliver of knowledge would realize that we've already made a 50% profit, before Crypti has even launched. So tell me now, what is it exactly that have we lost?
August 06, 2014, 04:53:18 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
LOL ha ha
So what % of profit are you at right at this moment?
Do your homework and check for yourself.
you are just full of laugh today
If you cant prove it. It didn't happen. Maybe you did not make much basically people selling off for what they paid, THIS IS MY GUESS. I am not troll on Crypti. I belive it will a success.
But like they says, everyone mad around here. Includes you.
It's hand is weak and you have to take out on me?
Cheer up guys if you haven't lost your money, But you have lost profits?
August 06, 2014, 04:40:13 AM
I find it funny how many trolls/FUDders have posted in the last few pages. I also find it funny that investors have already received 50% profit before launch and the trolls have got nothing.
So trolls keep on doing your thing while we watch our investments rise
So trolls keep on doing your thing while we watch our investments rise
August 06, 2014, 04:30:26 AM
so bad.
Why? It's good to see Crypti there.
August 06, 2014, 04:06:11 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
LOL ha ha
So what % of profit are you at right at this moment?
Do your homework and check for yourself.
August 06, 2014, 04:04:32 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
LOL ha ha
So what % of profit are you at right at this moment?
August 06, 2014, 04:04:03 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
So you profited off of the presale and people are still pissed at the price it's being sold at. Ok, I get it. Yeah, with stronger fingers cryoto would be a whole different story. It only take a few to open up the flood gates sometimes. Not saying the flood gates are open here by any means.
Nice to hear I was wrong. I just look it over real quick and that seemed like the temp.
Nice to hear Crypti is a success!!
Well, that escalated quickly.
August 06, 2014, 04:02:20 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
So you profited off of the presale and people are still pissed at the price it's being sold at. Ok, I get it. Yeah, with stronger fingers cryoto would be a whole different story. It only take a few to open up the flood gates sometimes. Not saying the flood gates are open here by any means.
Nice to hear I was wrong. I just look it over real quick and that seemed like the temp.
Nice to hear Crypti is a success!!
August 06, 2014, 03:40:51 AM
Just got the idea of apps. 
This means Crypti will be like iTunes Store! Wow
This means Crypti will be like iTunes Store! Wow
This is one of the directions that we are indeed considering.
August 06, 2014, 03:13:38 AM
So do I understand correctly that you lost money if you bought in on the presale?
Wrong.
August 06, 2014, 03:06:53 AM
So do I understand correctly that you lost money if you bought in on the presale?
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