Update: karmacoma24 aka Olivier is now Crypti's Tool Developer

Hello guys,

after Olivier once again pushed our (already great) blockchain explorer to a whole new level and Boris added him to our Foundation Page we want to make it official now. We asked him if he is interested to become our Tools Developer - and he said yes!

Starting today he is part of our team and we are very proud to say this. He delivered excellent work, which is often mind blowing. Not only his convenient CryptiKit tool, also his great Activity Graph and Network Monitor. They are all astonishing piece of works.


We are happy to have him on board and we are looking forward to a big future for Crypti!

Hello Wulfcastle,

the development of v0.2.0 is almost complete, yes. Boris said in our meeting last weekend that this week we may open it up for our public testing routine. The testing is pretty long with v0.2.0, as we ported the whole consensus mechanism and various needed functionalities (e.g. delegate registration) from Bitshares to Javascript. This doesn't only include MUCH backend work, but also frontend.

We already start working on custom blockchains, but as this is a revolutionary process which is very hard to do, it takes its time. If it would be easy, it would be here already.

At the beginning we wanted to take over a few details and functionalities from Ethereum. But as we looked more and more into their system, we see that it's not good enough for us. They have a few problems in their algorithms which will probably not end well. We will see what the time will bring, maybe they can fix the problems. The following is not to bash Ethereum, I just wrote it to show the facts. We really hope that Ethereum will work, as it will bring the whole cryptocurrency scene a level higher.

Here are a few quotes about these problems:



More: https://forum.ethereum.org/discussion/1402/how-to-get-started-your-first-dapp-under-one-hour


More: https://bitcointalk.org/index.php?topic=380441.msg10504974#msg10504974


Now imagine 10,000 nodes who all have to calculate and validate the same contract just to run it once. In my(!) opinion it is a waste of resources.

We had similar scaling issues with Crypti at the beginning with the Proof-of-Time algorithm, and you see how long it takes to fix such problems. So don't expect great things from Ethereum in the next month. I just installed their contracts application "Mist" and I see many "lorem ipsum" texts and just UI elements with no functionality. It just takes time to create revolutionary software like Crypti or Ethereum.

To the question what Crypti will offer if Ethereum is there. Well, first off what will Ethereum offer when Crypti is there?

Crypti will offer custom blockchains, which will be maintained by a single authority (centralized) or N authorities (decentralized). The custom blockchain will have its own parameters and its own value tokens. With them you can start your own cryptocurrency, start a storage system, create a decentralized exchange between the custom blockchain tokens and much much more, we can't even imagine yet.

You have to imagine that the internet is a huge space, there is always interest for another system which is simply working. So there will always be interested developers for Crypti in the future.

I described above, that Ethereum might has a scaling problem because every node needs to validate the contract. In Crypti we don't want to go that routine. So rather to try and make revolution with unknown technology, we are focusing on facts and taking the best approaches available on the market. With the combination of these proven designs we are creating a solution that can scale to thousands of nodes in a lean and lightweight way. While supporting one of the most common languages out there, Javascript. With this solution we will not only target the financial sectors, we will be flexible enough to be applied to various other problems, for example the Internet of Things. It's market value is probably over 7 trillion dollars until 2020. (More: http://www.zdnet.com/article/internet-of-things-market-to-hit-7-1-trillion-by-2020-idc/)

In the end the market is big enough for several approaches, it's not a zero sum game. We all want to deliver a cutting edge crypto technology. No one knows yet who will be the major adoption driver, or even in which market segment the huge adoption will happen.

In a nutshell we are going to create a solution with real world applications and start our ecosystem once we hit designated milestones.

- DPOS
- VM
- CBC
- UI / AppStore
- Visual Designer

With this our marketing effort will start as well.

Wulf, that seems to  happen every day at Polo for 30 mins or so.   I figure they are performing backups.

A bunch of serious questions here. Let's see what Passion_ltc will say.

Let us just all hope that we will be able to withdraw our XCR soon.

Waiting on Bter is much like loaning money to a friend, and then he stops returning your calls. 

I see on Bter's Titter page that they are trying to use Bitcoinfog service to trace transactions on the BTC blockchain. 

as for Blackjack on the CBC........ yes, definitely.......... thats what the CBC's are all about

What stall? And how is it obvious?

were the two 26000 XCR deposits, that just went thru the BC yours?

Testing it out now. One of my outstanding deposits from yesterday have come through, so it seems to be working fine at the moment.

Is it working nicely?

Yes, Poloniex is working now.

v0.2.0 is in testing right now. Last week I made mockups for the client, that means this week our frontend developer can start working. This doesn't take long.

So it all depends (like always) on how long the testing takes and how many bugs will be found.

Into their own Crypti wallets. We are actively searching for other exchanges, but it seems like there isn't one professional and really secure altcoin exchange on the market.

Have fun. If you want to help out, just PM me.