Hi, community.
I read the ann topic from which I got that you are looking for a new dev. My attention were attracted by the previously unknown to me PoR model. After reading through whitepaper I got some questions that most likely would keep me from attempt to implement something similar.
The most important question is about point VII of the Block Generation Method description. The traditional models of block creation (both PoW and PoS) assume that no node is able to create a block at will, so there could be no storm of messages over the network advertising a newly created blocks (if that happens then difficulty is adjusted to meet the target time between such advertisements), and, in a sense, the block creation method itself arbitrages who creates the block.
With PoR model described it is necessary to decide somehow who is the node 'D' (see the whitepaper). To accomplish this some kind of election should be performed over the network but the criteria for this election is completely artificial in relation to the block generation process. Also, it is fine to perform an election when the number of nodes is relatively small. But with growth of the network the number of messages to exchange to complete such election should grow exponentially, as at least 51% of all nodes should confirm to each other that they agree to make some node X the generating one. Thus, the complete idea looks unfeasible to me at least now.
Did you discuss this question somewhere in this thread?
Thank you.
Edited for clarity.
read now. the idea is very cool. as at least 51% of all nodes should confirm to each other that they agree to make some node X the generating one the Production efficiency is very low。it Consume more network costs,more fork is able come here
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auto_ptr<CBlock> pblock(CreateNewBlock(pwallet, true, &nFees)); bool b = pblock->IsProofOfStake(); why b = false? I was told that C++ developers are able to read the code see u :)https://bitcointalk.org/index.php?topic=734477.msg9366387#msg9366387. I am sorry that delete all it is should b= true.
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auto_ptr<CBlock> pblock(CreateNewBlock(pwallet, true, &nFees)); bool b = pblock->IsProofOfStake(); why b = false?
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Maturity: 135 Confirmations
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sort buy Active trading sale 0.2btc,please pm me btc address 1LTMqvAibyhx16ruYoG6TveynmU2ypWRjR
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he has been stealing my btc. and changes me a bitcointalk account email and password. How can I get back I bitcointalk account password
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https://bitcointalk.org/index.php?topic=800963.0download the wallet. then my btc is been steal someone knows my forum account password through Trojans. he had steal my btc and had modify bitcoin form password. and Had modified the email, how can I get back.
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Chinese scam coin. I see you managed to fake volume. Well done...
Circulation in the trading coin Chinese accounted for 60%. I just want to see a coin transparent, health, DEVnu What is the coin name
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A hello to the KeyCoin community from the KeyCoin team.Our official introduction statement: https://mega.co.nz/#!YA82hLTB!Eh-qvTzt_0fLWfPjn_jn--uyuZEEAxa3dEtngD4f4YwAlso here for those with problems with MEGA. KeyCoin - “Security is KEY” An Informal Message from the KeyCoin Team July 16, 2014
Hello community, and all our fanatical supporters. Hello to the trusty FUDsters, as well.
We the developers decided not to post until the coin had passed the large block rewards that were intended as a community bonus, and to ensure a more fair distribution. We thought this would be beneficial to our miners, investors, and community. we also wanted to measure the reaction to a unique and fair distribution method.
The rewards were originally stated as Block 2001 - 2100 would be 550 KEY payout. However, the actual large blocks came before that, from Block 1601-2000.
This was intentional. We want to reward members of the community who were mining all along, not the multipools and giant hash farms who will wait for the target block and use so much hashrate.
The actual block rewards are very similar, as follows:
Block 1 - 400: 500 KEY Block 401 - 700: 450 KEY Block 701 - 1000: 350 KEY Block 1001 - 1300: 300 KEY Block 1301 - 1600: 250 KEY Block 1601 - 2000: 550 KEY Block 2001 - 2100: 150 KEY Block 2101 - 3000: 100 KEY Block 3001 - 4000: 50 KEY Block 4001 - 4500: 1 KEY
The last 500 block rewards are very small, to make up for the huge rewards in the middle 400 blocks. We will be assisting the mining of these if the community lacks interest.
KeyCoin Team
There are 4 full time members on this project, with the backing of some very large investors. For now, we want to keep our identities confidential. We will consider naming ourselves in the future.
We are: Member 1 - Full time C++ programmer, skilled with QT and cryptocurrency development.
Member 2 - Python, Ruby, and PHP programmer, with a focus on web application development and API integrations.
Member 3 - Well rounded, full time graphic designer specializing in usability and interface development.
Member 4 - Community relations and PR manager, will be maintaining our website, twitter, other social media, and press releases.
We have several technologies currently in the development phase that will bring meaning and understanding to both the name “KEY” and “Security is KEY.” To separate ourselves from current hype based white paper style coin releases, we will not be announcing all of these features at launch. Instead we will be releasing them and implementing the technologies in a controlled fashion over time to ensure continuous healthy movement in the coin, and a rewarding, unique trading experience for those that choose to invest. Our goal is to create something worthy of being added to larger exchanges, eventually reaching the point of larger scale adoption, we have the devs and the financial backing to accomplish this goal.
Questions and Answers: (from BitcoinTalk Thread)
Question: Why such a low coin count?
Answer: Several reasons, in short:
The POW mining period was limited, we did this to eliminate the ominous presence of multipool dumps as our coin grows in value over the next few weeks.
Also, we want the value of each coin to be significant, as it is one of our goals to have an eventual USD pairing.
Question: Was this coin premined or heavily instamined by the devs?
Answer: Absolutely not! We did have a bit of hash power distributed throughout the first few pools to ensure that things went smoothly with the launch. Things went incredibly well however and we experienced a massive amount of distributed hash power on the network that continues even today. This has created a healthy environment for the coin and it’s robust network.
Question: What is different about KEY?
Answer: KEY is a forward thinking coin. We have made some small tweaks to Proof-of-Stake code after discussing the potential hazards with other experienced developers. These small changes, and the fact that we run the nodes and private checkpointing server on powerful machines, ensure a more secure network, which proves resilient to accumulation attacks.
KEY has attracted the eyes of the crypto community. KEY has large investors onboard, a focus on security, and KEY has a fair block reward structure, with the largest payout blocks in the middle of the rewards.
We will have ongoing announcements of development work, and MEET the target dates.
Question: What are some of the upcoming milestones for KEY?
Answer: Now that the largest blocks, the community blocks, have been mined through, we will begin establishing a presence on social media and news outlets. We will reach out to the altcoin media, and the mainstream media in the future. A website is being developed, and useful features are currently being added to the QT wallet. A new logo is underway and being tested by a hired professional focus group for it’s branding potential.
We have chosen to limit the discussion of other work related to future developments as we believe that steady growth over time is the best means of establishing longevity in this economy.
Please, do not hesitate to ask us more questions in the future, we will answer them as time permits.
We will be releasing a detailed roadmap with a clear layout of our feature development and goals, with target release dates shortly.
Stay tuned and happy trading,
The Key Team “Security is KEY”
You will be hearing more from us, now. We wished to remain silent until the largest blocks in the middle were fairly mined - at 150gh+, these blocks were well distributed. we will not be announcing all of these features at launch. Instead we will be releasing them and implementing the technologies in a controlled fashion over time to ensure continuous healthy movement in the coin。 wish, u do as you say. this is good work style
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apple :
you know what it is meaging
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dev:
the loge is ugly,can you choice a good-looking logo?
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Where should i send my SUM to get it swapped to SUM2?
WAP INSTRUCTIONS Swapping Your SummerCoins V1 (SUM) to SummerCoin V2 (SUM2) is now Possible Please follow below: Step 1 Open your SummerCoin V1 (Version 1.0.7) Wallet(Download from this Thread : https://bitcointalk.org/index.php?topic=618741) Step 2 Put your new SummerCoin V2 Address in the transaction comment section Step 3 Put SQTHMHUxSTVMPtkUDrpzhrtGqf6ZfpS6cm to the pay to section Step 4 Put the amount you want to swap in the amount section Step 5 Click send Step 6 Wait for the coins to confirm and look in your SummerCoin V2 Wallet --------------------------- 1st page tutorial why the confirm is 0 You mean the transaction doesn't go thru? yes the transaction did not finish
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Where should i send my SUM to get it swapped to SUM2?
WAP INSTRUCTIONS Swapping Your SummerCoins V1 (SUM) to SummerCoin V2 (SUM2) is now Possible Please follow below: Step 1 Open your SummerCoin V1 (Version 1.0.7) Wallet(Download from this Thread : https://bitcointalk.org/index.php?topic=618741) Step 2 Put your new SummerCoin V2 Address in the transaction comment section Step 3 Put SQTHMHUxSTVMPtkUDrpzhrtGqf6ZfpS6cm to the pay to section Step 4 Put the amount you want to swap in the amount section Step 5 Click send Step 6 Wait for the coins to confirm and look in your SummerCoin V2 Wallet --------------------------- 1st page tutorial why the confirm is 0
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dev: why the mount is 0?
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dogeCoin have a total of 100 billion coins. thr price is 200 satoshi MintCoin have a total of 70 billion coins. so I think the priis wil be 150 satoshi
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What happen with Karma, the price is falling down to 2 Satoshi?. Anybody knows the reason why?
i dont know.
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WTB 10 RIC. 1 RIC = 0.0005 BTC.
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