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Reserved Vietnamese Tranlastion. Reading documentation and white paper right now.
//Ahh, you already have someone for the Vietnamese Tranlastion job.
We will start a bounty campaign this week, here it will be possible to earn funds. Stay tuned. |
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Interesting, i might take care of french translation After reading WhitePaper
Sounds great, and if you have any questions, please join our slack. |
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I not yet read theories those support your "Cryptograph Consensus Algorithm", but if you delete all transaction history data when someone else need read and research these data who can provide it?
You will be able to save history via an option. The standard procedure is that it is removed, because it isnt needed. If you can (we can ) mathematically prove that it is safe to remove tx history, that would be preferred because you would not suffer from the drawbacks in a blockchain where every transaction ever made is saved, and the blockchain it self takes up several gigabytes in storage. Prisma is so efficient that it can be ran on embedded devices. May i ask why you would want to see transaction history? If you trust the algorithm and math behind it, it would make no sense. I can see that some are curious about seeing the actual tx, and that option will exist in Beta, doubt people will use it. |
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Why did you chose the ICO route over mining?
For you to fully understand this you need to read the white paper. The short answer, the consensus algorithm used in Prisma is the most efficient up to date (i have personally not seen a more effective up to now), it does not need Proof of Work or Proof of Stake to work, this is not a blockchain, this is something much better. The distribution will done via ICO, several reasons. |
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@OP where is full details about the dev team website has funny logo which looks like very strange.
We are currently working on a new website, it will be announced in two days. |
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Look like an interesting project, let me know if you need a polish translation.
That would be much appriciated. |
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Russian translators required?
That would be much appriciated. |
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Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information? I like your project, and the mechanics myself. We are waiting for updates. It is written on whitepaper, a short answer would be : 10% of 200 000 000 units will be kept as team funds. 5% of 200 000 000 units will be distributed via bounties. 85% of 200 000 000 units will be sold in ICO. I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?  The time schedule will be announced in the coming days. We are working hard behind the scenes both with code, but also design. After this we will start marketing. |
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Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized. I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big? Thanks! Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them. Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure. We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized. If you have any further questions, please ask. This is very interesting. Just got more questions while tried to figure your platform. So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible? What's the status of your project development(roadmap) at the moment, and what are your main challenges? How are you planning to fund your development further? Thanks! This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations. We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now". More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdfI'm getting more enthusiastic as more I investigate this project. What do you mean about Proof Of Work or similar heavy duty computing operations? If there's no need to have any powerful procesessing power in any nodes/witnesses, how you manage to get computing power to work with heavy duty computing operations? Thanks! By heavy duty processing operations we are generally talking about high difficulty proof of work operations that utilizes GPUs. On a few occasions PoW only means the usage of CPU. Non the less, PoW is not suited for devices with limited resources. The amount of resources that is needed for Prisma to act as a full node is quite similar to PoS cryptocurrencies like NXT, but does not have the drawbacks of a blockchain. |
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Do you have any official paper to present the details of your new code and new algorithm?
I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.
This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!
Hi, thank you for your interest. You are right, this is a completely new cryptocurrency coded from scratch, new tech and new ideas. Stay tuned for more updates in the coming days, meanwhile you can read our updated white paper: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf |
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Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized. I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big? Thanks! Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them. Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure. We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized. If you have any further questions, please ask. This is very interesting. Just got more questions while tried to figure your platform. So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible? What's the status of your project development(roadmap) at the moment, and what are your main challenges? How are you planning to fund your development further? Thanks! This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations. We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now". More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf |
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Wow Watanabe can translate almost all language, a Multilingual or google translator user? If you know anything we dont, let us know. A quick check from the users post history it says Vietnamese translations... do you have a facebook page ? No, not yet. |
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Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized. I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big? Thanks! Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them. Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.
Byteball is considered fairly centralized in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.
In Prisma everyone is a full node, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure. We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized. If you have any further questions, please ask. |
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Wow Watanabe can translate almost all language, a Multilingual or google translator user? If you know anything we dont, let us know. A quick check from the users post history it says Vietnamese translations... |
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keep hard work dev i am trust with u project will be succes if any bounty i will support
Thank you! A lot of hard work is being done behind the scenes right now. A new white paper and ANN will be published soon. Development is also continuing. |
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Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?
Will be following this on closely. Good luck for the devs!
Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized. |
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is german translation needed? I would like to do.
thanks
Yes it is still needed, thanks. Good concept, interesting to know more before ICO begins, I am very interested to follow it later. Hope to produce a good project in the future.
You can ask questions, its hard for us to know what kind of questions you have. |
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when mainnet launch
It will be announced  |
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