10 seconds a block, 101 blocks per cycle......... thats about 17 minutes per cycle counting possible offline delegates. 

Its very close to 400 blocks an hour.

Now that we have DPOS started, there is no place to go but UP!  We are uploading the new nodes for Windows and MAC shortly.

At the end of this year, there will only be a few coins that will be TOP LEVEL.  All others will either fall away or be considered LOW LEVEL coins, or Second tier, and only used for trading for other alt-coins.

We will be one of the few TOP LEVEL coins, with real world applications.  We aim to be the  "go to" place for running DAPPS on the Custom Block Chains.

You will see this unfold here in the next few weeks and months.  Our Roadmap is posted on the OP.  Our competitors have taken great interest in it, you should as well.

The genesis account is a snapshot taken of the block chain at about 0700UTC that was used to start the block chain for 0.2. 

If I had a drum handy I would give you a rim-shot

https://en.wikipedia.org/wiki/File:Sting.ogg

She is rather tall Tobo........ I would say you must grow another 4-6 inches and wear elevator shoes to reach her.   

DO you mean SETUP?
For your node..........No

There is still the second pass, but it will be the same as your current node.

The next release 0.2.1 will be named Aphrodite, also called Venus in Roman Mythology.  You will LOVE IT!

America and UK are two nations seperated by a common language. 

https://sp.yimg.com/ib/th?id=JN.IYlZ8hycz8MCfR9JpmcfAw&pid=15.1&P=0

 Yea, I see that in Wiki, but every pic on the net has him looking like a old man.  Probably easier to pick up women if you dont have three heads, especially a snake and bull head.

From Wikipedia   https://en.wiktionary.org/wiki/scheme

Noun

scheme (plural schemes)

    A systematic plan of future action.  [quotations ▼]
   A plot or secret, devious plan.

Usage notes

In the US, generally has devious connotations, while in the UK, frequently used as a neutral term for projects: “The road is closed due to a pavement-widening scheme.”

You must be a Brit.

No. I said it is a get rich slowly PROJECT.!!     No schemes here.

A scheme would have negative effects on others, such as getting rich while making others poorer.  We are out to build something that adds real value to the crypto community and to the world. 

AH, YES......... CHRONOS !   

Its about time..........



Some puns are too good to resist.

its a trick

The block chain will be stopped at 0700 UC.  So any transaction in XCR after that is a ghost transaction.  But not in BTC.

Then the new 0.2 DPOS block chain will be enabled.  Transactions in 0.1 will no longr show on your node account page, just the balance.

There is a link to the WIki on the OP.  Please go there for all links for Crypti.  We have been keeping it updated.

There is a full explanation by GreXX a few pages back.  But to summarize........... THIS IS NOT NXT OR NODE !!!!

WIth XCR, Crypti, you can forge with 0 XCR in your node, as long as your delegate has enough votes to be in the top 101 delegates.

To forge XCR, you make a node/wallet and have 10,000 XCR in it.  You pay the 10K XCR for forming a delegate, which is just the forging part of your node.  After that, you do not need to have any other XCR, unless you want to vote.  The 10K XCR delegate fee is paid 90% to the other delegates that are forging, and 10% goes to the Foundation for the Node Reward Program and the Faucet.  

You can vote for your own delegate, and other delegates, or just convince other nodes to vote for you.

Votes are cast by the nodes (wallets), and count 1 per XCR in that wallet. A node with 500,000 XCR has 500,000 votes per delegate.

To vote,  that node needs to pay 1 XCR, and then can cast its 500,000 votes for 33 delegates. Thats 500,000 each, not 500,000/33.

The node may vote again by paying another 1 XCR, during which vote process, the node may remove votes from nodes it voted for previously, and add votes to other nodes.  Total votes, up or down, cannot total more than 33.  

The node can vote for max 101 delegates, which will take 4 vote cycles.

The delegates are ranked by total votes... #1 to #101 and then all other delegates are listed as reserve delegates, and advance to active forging only if there is a vacancy in the top 101.  

A cycle of forging is 101 blocks forged.  This starts off with the delegates being chosen in random order to forge a block, one every 10 seconds.  When all 101 blocks have been forged, the cycle ends.  The fees are totaled and paid EQUALLY to all forging nodes.  Delegate #1 earns the same fee as Delegate #101.  

There is no advantage to having massive amounts of XCR, other than the money you will make as the price of XCR climbs.

Then a new cycle of 101 blocks to be forged is begun, and the delegates are chosen in random order to forge.  If a delegate s unable to forge a block, the block is sent to the next delegate for forging.  Every cycle will have 101 blocks forged, even if several delegates drop out before forging that cycle.  Only delegates that actually forged a block will share the fees at the end of the cycle.

Mal,

I am only running one delegate, because I feel that I should leave room for the community to run delegates, and not hog all the fun.

When the new DPOS system is launched, there will be already 101 delegates.  This is necessary to have a functioning system.  They will have few or no votes, and thus are designed to be voted out of the top 101 as other delegates come online from the community.  They will also serve as backup delegates for when there are less than 101 online delegates.  A delegate, once created, cannot be deleted, and will show forever in the delegate list.  

It is my understanding that each delegate from the same node would share the same blockchain.db.  You must have a node to make a delegate.  A delegate, or two, or three, is just a forging account for a node.

We think that you will find running a delegate will prove profitable as we grow.

Mal, you did not consider the Delegate Reward Program in your calculations.  We cannot promise $10 a month in earnings, but the DRP will mitigate the expense of paying to have a running delegate on a cloud server.  I will be running mine on a miner that is on all the time anyway.
You might do the same.

There is no limit to the number of delegates a person can run on the same IP.  The electrical cost of an "always on" laptop with 1 delegate is the same as the same laptop with 5 or more delegates.  

Mal,

Insightfu posts as always, but I think you missed a detail on the DPOS posting a few days ago.

The fee for transactions are going to be 0.1% during DPOS.  This was changed due to input from the community.  

The 10,000 XCR cost of registering a Delegate can be recouped with the delegate sharing the fees of the delegates that register subsequently.  Every new delegate will generate 90 XCR for the 101 forging delegates.

We will also be running the Node Reward Program, Renamed the Delegate Reward Program, where we send XCR from one wallet to another to generate fees for the delegates, and to ensure the system is running correctly.

That will cut enable delegates to earn much if not all of their server fees.  Frankly, I am going to run a Delegate on my GPU miner, since it is up and running all the time anyway, and the CPU is at 8% usage.  Delegate hosting that was is free.

With XCR, unlike NODE and NXT, you can forge without owning a single XCR.  There is no minimum balance needed to forge, only enough votes from the nodes to be in the top 101.

 

Yes, Max is on it... The lag is because Lin is the only one trusted with the passwords to the cold wallet.

He could use the web wallet for a secure transaction, but I bet Lin "Trusts no one"

second favorite TV show? Let me guess at your #1 favorite TV show........... could it be FIREFLY ?   

Mal, great post on keyloggers.

There are HARDWARE key loggers as well.  A USB extension cable can contain a hidden keylogger in the plug.  PS2 keyboard cable adapters are also available with a keylogger.  I used one for years as a backup recorder for my daily reports for work.  

There is also a USB stick available that monitors WiFi transmissions in the immediate area.  I use a WiFi keyboard at home (concrete walls, 1 mile from other houses) for my laptop because I like the screen to be 3 feet away, not on my knees.   My I-Pad also has a detached Bluetooth keyboard, from which the keystrokes can be farmed.  

Using this keyboard in a public place would make my keystrokes farm-able by such a device.  

Always practice safe computing....... especially when traveling to other countries.  Internet cafes and hotel courtesy computers are prime abusers of keyloggers.