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Title: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on November 05, 2014, 10:06:07 AM PULSE BLOCK CREATION As the CryptoCoin Revival Foundation, we support coins and innovate them. Our newest innovation is a new way of block generation we implemented in our focus coin Quarkbar, called PULSE. (Quarkbar main topic: https://bitcointalk.org/index.php?topic=587457.0) It slows down block creation to once every five minutes, except when transaction are sent. When a certain amount of coins is sent, a block will be created to send the transaction immediately. It works like this: https://i.imgur.com/zxmWwaT.gif We believe PULSE is the best answer to the slow block creation of coins like Bitcoin and an answer to the huge influx of new coins like Dogecoin. Benefits: + Quick transaction speed when necessary. + Lower inflation: New coins get created at slower speed, when the network is not busy. + Durable: Life of the coin is extended a lot + Efficient: Required network hashses are low. What do you think? http://www.iriss.com/images/White_Papers_Icon.png (http://cryptocoinrevival.com/wp-content/uploads/2014/06/PULSE-Whitepaper.pdf) Quarkbar main topic: https://bitcointalk.org/index.php?topic=587457.0 PULSE FAQ What is Pulse? Pulse is a revolutionary way of block creation that adjusts the speed of new blocks to the amount of transactions. When there are no transactions or less than 10QB a block is created every 300 seconds. When more than 10QB is sent, a special TX block is created within 30 seconds. This makes it possible to use most newly created blocks to keep the chain synched and sent transactions superfast! How does the difficulty work? Pulse generally spoken adds another layer of difficulty adjustment besides the well known difficulty-index of the merkle-root. How much network power does it need? Pulse ultimately needs 10kh at it's lowest point (where we are now). We will soon launch a difficulty patch that will give it an upthrust and fix the difficulty at about 10.x or 11.x (something close to what it used to be). What about the difficulty adjustment If the network regresses and less power is at disposal, the difficulty will be automatically lowered again. The difficulty will lower faster than it will rise. That's why there'.s more pressure downwards. This is to avoid having hard blocks and small miners that can't take it. What about the Rejects? These are a natural part of mining Quarkbar. The projection is that it will be 25% of what is being actively used, so 75% rejects due to Pulse. This means that the difficulty is lower than it should to fix the spacing. https://i.imgur.com/YpwzLzB.png (https://bitcointalk.org/index.php?topic=587457.0) Title: Re: What do you think of our new way of block generation, PULSE? Post by: KeyserSozeMC on November 05, 2014, 10:06:39 AM So, it's like a checkpoint every 300 seconds? This is new technology actually. Well done. :) Title: Re: What do you think of our new way of block generation, PULSE? Post by: Jonesd on November 05, 2014, 10:13:18 AM So, it's like a checkpoint every 300 seconds? This is new technology actually. Well done. :) Exactly, thanks! Don't forget to check out our white paper! http://www.iriss.com/images/White_Papers_Icon.png (http://cryptocoinrevival.com/wp-content/uploads/2014/06/PULSE-Whitepaper.pdf) Title: Re: What do you think of our new way of block generation, PULSE? Post by: Jonesd on November 05, 2014, 10:26:12 AM So, it's like a checkpoint every 300 seconds? This is new technology actually. Well done. :) Also good to note that we have successfully tested it for over a month now! :) Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: lifeforcepools on November 05, 2014, 10:41:32 AM Its interesting but I prefer a different method of slowing down the introduction of new blocks
Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on November 05, 2014, 10:59:10 AM Its interesting but I prefer a different method of slowing down the introduction of new blocks Do you have something in mind? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: lifeforcepools on November 05, 2014, 11:06:11 AM Its interesting but I prefer a different method of slowing down the introduction of new blocks Do you have something in mind? yes - but I'm saving the idea for my coin: LOL however I do like your idea - though I'm not suite sure what your true goal is with this implementation what is the real goal? it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at. forgive me if I've missed something here. Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on November 05, 2014, 11:45:59 AM Its interesting but I prefer a different method of slowing down the introduction of new blocks Do you have something in mind? yes - but I'm saving the idea for my coin: LOL however I do like your idea - though I'm not suite sure what your true goal is with this implementation what is the real goal? it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at. forgive me if I've missed something here. This was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees. Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on November 05, 2014, 01:41:39 PM Its interesting but I prefer a different method of slowing down the introduction of new blocks Do you have something in mind? yes - but I'm saving the idea for my coin: LOL however I do like your idea - though I'm not suite sure what your true goal is with this implementation what is the real goal? it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at. forgive me if I've missed something here. What kind of coin are you thinking of creating? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on November 05, 2014, 03:56:37 PM Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: majeis on November 05, 2014, 04:08:09 PM Its interesting but I prefer a different method of slowing down the introduction of new blocks Do you have something in mind? yes - but I'm saving the idea for my coin: LOL however I do like your idea - though I'm not suite sure what your true goal is with this implementation what is the real goal? it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at. forgive me if I've missed something here. This was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees. As long as there is a way to automate the making of free money, you can count on it being an ongoing concern unless your revival proves to be too unpopular. Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: yampi on November 05, 2014, 05:02:50 PM What if people decide to only send transactions when network hashrate is low to pay lower fees?
Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: biggus dickus on November 05, 2014, 05:28:19 PM What about the difficulty adjustment If the network regresses and less power is at disposal, the difficulty will be automatically lowered again. The difficulty will lower faster than it will rise. That's why there'.s more pressure downwards. This is to avoid having hard blocks and small miners that can't take it. What if a big multi-pool moves in, mines loads of easy blocks, then leaves with the difficulty sky high and only small time miners left mining? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: yampi on November 05, 2014, 05:31:50 PM How about fractional rewarding to prevent multipool's from being profitable?
Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: lcharles123 on November 09, 2014, 10:39:03 PM The decrease in size blockchain how many % ? in bitcoin for example: You can implement this form of generating blocks now?
Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation Post by: shursight on December 04, 2014, 03:25:47 PM very innovative :)
Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: shadowmoon on December 04, 2014, 03:32:06 PM Every new technology and welcome.
It has been tested ??? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new of block generation? ★ Post by: shursight on December 04, 2014, 03:36:12 PM Every new technology and welcome. you like?It has been tested ??? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: MisO69 on December 04, 2014, 03:43:42 PM Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.
Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared :'(. Oh well.. Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: Jonesd on December 04, 2014, 04:11:46 PM Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs. Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared :'(. Oh well.. Itīs a long term project, so hopefully we will benefit in the future. Which exchange? Title: Re: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ Post by: askcoin2 on December 04, 2014, 04:22:45 PM Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs. Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared :'(. Oh well.. Itīs a long term project, so hopefully we will benefit in the future. Which exchange? Maybe AskCoin ? |
