Bitcoin Forum

Bitcoin => Project Development => Topic started by: dmanukr on August 17, 2018, 05:41:26 PM



Title: Project opinions
Post by: dmanukr on August 17, 2018, 05:41:26 PM
If to develop new currency, which algorithm offers fastest transaction time, stability, and most flexibility to develop POW/POS/MN wallets?


Title: Re: Project opinions
Post by: KingScorpio on August 17, 2018, 07:04:45 PM
If to develop new currency, which algorithm offers fastest transaction time, stability, and most flexibility to develop POW/POS/MN wallets?

look technology matters increasingly less.

there are many quite forminadable encription plattforms like waves. or ethereum out there

no one wil care about that. people will in the long term care about the product that is supposed to be delivered


Title: Re: Project opinions
Post by: dmanukr on August 17, 2018, 09:00:43 PM
If to develop new currency, which algorithm offers fastest transaction time, stability, and most flexibility to develop POW/POS/MN wallets?

look technology matters increasingly less.

there are many quite forminadable encription plattforms like waves. or ethereum out there

no one wil care about that. people will in the long term care about the product that is supposed to be delivered

Thanks.  Absolutely agree, which will be why the focus of the project is real-world usability and functionality that bridges the gaps (I'm not looking to recreate all the bells and whistles that tech will solve like lightning network, atomic swaps, etc. but more interested in smart contract capability, multi-sig, nodes of various type, etc.  With that said, if the goal requires fast transactions and ability to build various levels of functionality, the platform does matter since a bitcoin based project will have slow transaction times compared to say- waves.  Right?  Does platforms like waves, cardano, etc. provide the ability to create POS or MNs on coins built on them? 


Title: Re: Project opinions
Post by: sam2014 on August 17, 2018, 09:25:57 PM
If to develop new currency, which algorithm offers fastest transaction time, stability, and most flexibility to develop POW/POS/MN wallets?

look technology matters increasingly less.

there are many quite forminadable encription plattforms like waves. or ethereum out there

no one wil care about that. people will in the long term care about the product that is supposed to be delivered

Thanks.  Absolutely agree, which will be why the focus of the project is real-world usability and functionality that bridges the gaps (I'm not looking to recreate all the bells and whistles that tech will solve like lightning network, atomic swaps, etc. but more interested in smart contract capability, multi-sig, nodes of various type, etc.  With that said, if the goal requires fast transactions and ability to build various levels of functionality, the platform does matter since a bitcoin based project will have slow transaction times compared to say- waves.  Right?  Does platforms like waves, cardano, etc. provide the ability to create POS or MNs on coins built on them? 
you can always fork the coin and include those features, pm me if interested.


Title: Re: Project opinions
Post by: KingScorpio on August 17, 2018, 09:45:31 PM
If to develop new currency, which algorithm offers fastest transaction time, stability, and most flexibility to develop POW/POS/MN wallets?

look technology matters increasingly less.

there are many quite forminadable encription plattforms like waves. or ethereum out there

no one wil care about that. people will in the long term care about the product that is supposed to be delivered

Thanks.  Absolutely agree, which will be why the focus of the project is real-world usability and functionality that bridges the gaps (I'm not looking to recreate all the bells and whistles that tech will solve like lightning network, atomic swaps, etc. but more interested in smart contract capability, multi-sig, nodes of various type, etc.  With that said, if the goal requires fast transactions and ability to build various levels of functionality, the platform does matter since a bitcoin based project will have slow transaction times compared to say- waves.  Right?  Does platforms like waves, cardano, etc. provide the ability to create POS or MNs on coins built on them?  

you know what the biggest mistake of you programmers is?

you still think that technology actually will matter in the long term defining the value of a currency and only the encription is the money, but the reality is different the market has evolved during all human ages those encripton services. what where once the metal coin minters, then later the paper money printers, are today the encription plattforms/services like ethereum, waves etc.

over the ages the meaning/essence of the certification (metal) to paper certification and signature to the IT-encription made the technologic basis more and more insignificant and the promise what the ressources that are being taken in exchange for that money became more and more important.

with time the encription plattforms will evolve such a high quality, regarding their encription and efficiency regarding the transaction costs just look at waves 1000 transactions cost less than 2 euros.
but also their speed and security,

that people wont care about the technology anymore but will care about the usage what it stands for. is it a debt? what do i promote by accepting that money?

so if you want to earn money just with the technology i recommend you join a plattform team, like waves, ethereum, stellar. they are modern day equivalents of former money or metal coin minters, and printers. or try creating your own plattform. there are anyway comming up more and more but without meaningful users, you wont have a chance on the market.

and put your ideas into it. and develop that encription plattform and its technology. a coin alone just because of meaningless tech perfectionism, like dash, zcash, bcash, will soner or later be overtaken by the evolving encription services.

no one will care later about the technological coin like its currently the case with bitcoin, bitcoin cash, zcash, or dash. because the encription plattforms will simply overtake those coins sooner or later anyway. as they will continously upgrade and improve their technology.

regards


Title: Re: Project opinions
Post by: sunflower_11438 on August 18, 2018, 06:33:33 AM
I think whatever your algorithm, the closer the block interval (the time between blocks that you have adjusted) the faster the transaction can be completed.


Title: Re: Project opinions
Post by: sunflower_11438 on August 18, 2018, 12:57:22 PM
For new projects, what should I start? Are there credible sources for newcomers?

What project do you want to make ?