Really exited to see the Whitepaper released! Have been waiting on this day since 2013  I must admit I have a hard time getting my head around it though. So perhaps my question is already answered in the paper and I just didn't understand it... So the Universe is split up in X shards. Each shard is a part of the network contain transaction information, right? Now what happens if a bad actor (Bob) sets up a lot of nodes that store, say, Shard (2) of the network and by that stores all or at least the majority of that shard. Now Bob sends a a payment to Alice in shard (3). Alice now asks a node serving Shard (2) if that transaction is valid. But as Shard(2) is controlled by Bob, can't he return false information and thus double spend transactions over and over? Bob will have to send the commitment data (see white paper) along, and by checking the hashes of the merkle tree you can prove the (in)validity of any atom. |
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Currently they can't. From IOTA #tanglemath channel I've received an answer similar to this:
Tiny IOT devices like temperature sensors will connect to a proxy node and send the data. The proxy node will take the data and create a TX by doing the POW.
At a later time the sensors will be able to generate the POW themselves by using the JINN processor. This will be a trinary processor with extremely low power usage. Apparently they work since 2 years on that hardware, with CFB/BCNext as the chief architect.
Also remember IOTA is not a decentralized cryptocurrency. Currently, and since 2 years back, the PoW done on the permissioned network is for illusion of security and marketing. It is the central authority called Coordinator node, which determines the state and consensus. To be on topic: No coin can do what you ask of today, the most promising is Byteball. This is not true. The coordinator is an optional compotent. You can configure your node to be part of the network without the coordinator. At the moment nobody is doing it, but it would be possible at any time. If done the network would work without the coordinator, but be suspensible to a 34% attack, just like BTC and ETH are today (51% is an urban legend). I don't think Byteball is promising. Byteball is basically a clone of IOTA (the author says IOTA inspired him) with added fees, minus the coordinator, minus oracles, minus trinary math, minus the JINN processor, minus a scientific nonprofit foundation. |
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Yes please ban LamboMoonYacht from this thread. He is a troll trying to lower the price in order to buy in cheap. He was banned from the main thread and all his posts were deleted.
As to the HEAT exchange: it's not decentralized. It's run by a guy in his parents cellar with manual BTC withdrawals 24 hours after you have done a sale.
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Selling 8000 XEL for 2.1 BTC. Escrow only.
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I also noticed PandaWhale mentioned XEL on Twitter, but in the same Tweet he said it may already be overvalued.
This is FUD. PandaWhale said that some coins are overvalued, but not specifically XEL. Actually he tweeted once that Golem market cap is a joke compared to XEL, as XEL is an almost completed product vs the wishful thinking of GOLEM. |
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Selling another 10000 XEL for 2.4 BTC. Today only. Escrow a must.
why not tomorrow. are you busy tomorrow lol It will be more expensive tomorrow. |
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Selling another 10000 XEL for 2.4 BTC. Today only. Escrow a must.
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On the website https://www.elastic.pw/what does "Elastic Coin knows XEL" mean? Does it mean "Elastic Coin is known as XEL". The "So We Have" is also very weird. Please replace it with something like "Facts", and "Distributed Coin" with "Distributed Coins". |
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Selling 10 000 XEL for 2.7 BTC. Escrow only.
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Liqui is IOU lol...
Dct launch will be at 30K sats at the most. Don't be delusional people.
Easy perspective:
I put $300 in and received 3500 dct. At liqui prices I would get $35,000 - $50,000...
Come on, let be realistic!
There were many coins with larger profit. The largest one was NXT I think. x200.000 profit. Also look at IOTA. x500 profit within 1 year. |
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Selling 11 000 XEL for 3.5 BTC. Only with escrow.
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I've just sold 10000 XEL for 2.5 BTC to songsunling. We have used Seccour as escrow. It was very smooth and completed quickly.
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Selling 10k XEL for 2,5 BTC total. Either escrow, or you send first.
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Great to see Elastic coming closer to launch.
Just wondering: How does Elastic go about the halting problem?
It is a turing-complete network, right?
what's halting problem ? We have no conditional loops, or jumps so there is no "halting problem"! Also, in ElasticPL we cannot store unlimited amounts of memory, its limited to 64000 ints, so by definition Elastic cannot be Turing complete! How can you do any meaningful computation without conditional loops? |
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Wow this enormous speed in data confirmation perhaps would be interesting to design some fast blockchain usage for bussines, a blockchain bussines model, really nice dev of this project, i hope 2016 bring EMUNIE anly good news
The speed and transaction throughput of eMunie is there because it doesn't use a blockchain. |
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I expect a huge pump & dump with Lisk, as will happen with ETH soon (the dump). People will probably dump ETH to ride on the Lisk pump wave.
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The Chinese adapt a lot of American things. I think Peking Crocodile would be on every street corner within 10 years.
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Franky, the reality is that if the US goverment says that a duck is a crocodile, and sticks to it for a sufficiently long time, the duck becomes a crocodile.
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