Bitcoin Forum

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

Touchless payments is where it's at for me  :P

Whitepaper: https://www.darkcoin.io/wp-content/uploads/2014/09/InstantTX.pdf   :D

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

Here come the haters! It was confirmed pretty much 2 sec after he clicked the button. Normal confirmations do not apply anymore when InstantX is enabled. The transaction is securely locked in place and cannot be double spent against, same as 6 confirmations of the regular blockchain. Something you don't get about that ?

Is this being added to dark coin as a new feature?

Yes it is, the code is written and being refined now, testnet is coming too and then into the next release of Darkcoin (Current release is Darkcoin ONYX (10.15.21)).

Actually your dev said that himself.

If he has changed his stance let me know.

 :)  :)  :)

You can always go to your bank and wire funds, go home and wait for several days for funds to clear, after paying a hefty fee, assuming your old clunker is not being towed by the police.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots

Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them.

Shit or get off the pot.  ;D

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is the beggining! Transactions withing seconds ARE instant! Go Darkcoin Go!

Absolutely amazing. The potential here is bigger than we can even imagine.

You can tell how much Evan loves doing this and his passion and dedication is second to none in the crypto world.

Inventor of x11, dark gravity wave, darksend , instantx. Crazy

This is a quote from the DRK dev:

jl777 ?! Man, Seriously, Are you kidding? or Are you out of your fxxxing mind?

thanks for your qualified comment. Glad that we are not on the same boat.

that's 20-30 seconds to a totally confirmed transaction - equivalent to 6+ regular confirmations. Still something you don't get?

Yeah, how's that working out for him so far?

 :D

Yea and Mazacoin is fast too

www.youtube.com/watch?v=flcTwvFDla4 (http://www.youtube.com/watch?v=flcTwvFDla4)

But no credit there of course.

Yeah 20 to 30 seconds. That's not instant is it.

It makes no sense to compare it to 6 confirmations it's a different system of consensus.

It takes 20 to 30 seconds for the InstantX system to reach confirmation.

The Instant part is just marketing bullshit.

Sorry that Dan took your retirement savings buddy, but you don't have to take it out on the Darkcoin community.

Retirement savings. I'm pretty sure I have more crypto than you will ever amass in your next twenty lifetimes.

I've posted facts and a direct quote from your developer. If that's me "taking it out" on the Darkcoin community you must be pretty scared.

If any other coin was trying to pass off 30 second confirmations as "instant transactions" there would be a hundred trolls with pitchforks screaming scam. Pure marketing bullshit.

That would require any other coin to have 30/6 = 5 second target block time. I would call such a coin scam myself too.

Not exactly a game changer since bitshares has 10 second confirmation times.

So if bitshares has 10 second confirmation, why that prevents it from being a game changer?  ???

I'm not saying its not a good feature to have. Its not a game changer because the game has already changed.

It will be changed when there exists a killer app taking full use of instant/fast confirms.

The killer app for those 10 sec confirmations is BitAssets like BitUSD  http://whatisbitusd.com/

BitShares will be starting their marketing push end Nov/early Dec including on-ramps, merchant and consumer adoption, I see they've been meeting with a partner in the global remittance business, https://bitsharestalk.org/index.php?topic=11125.0 ,  and there was talk of a BitUSD debit card too, I don't know if that's still on the cards. But yes the game may start changing in less than a month...