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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: October 11, 2015, 12:47:29 AM
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...
And that's with the network as it is today, it can scale much higher. Visa does about 2000 transactions a second and can handle a claimed maximum of about 20000, doesn't match with my experiences waiting in ques during Christmas shopping but it looks like those kind of figures are well within reach.
I'm wondering what the details are. Assuming every tx has a size of 5kb 1000 * 5kb = 5MB How can it be achieved without increasing the blocksize? Eager to test it. I have the same question! I guess we need to wait for the vid from Amsterdam  Pruning? Initial funds are A. A -> B, B -> C, C -> D, D -> E. Final tx shows only A -> E. Since B, C, and D are irrelevant because, you know, anonymity? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: October 11, 2015, 12:25:51 AM
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...I wonder how you can have so much transactions per second? (the slide shows 500-1500) I read that bitcoin is limited to 7 transactions per second...
My thinking goes this far. Instant Transactions will have the input funds locked by a set of 10 masternodes chosen deterministically. There are 3,500 masternodes. Therefore 350 (3500/10) Instant Transactions (minus overhead) can be locked simultaneously. If this process can happen a couple of times every second, then 500-1500 is the answer. If there are any devs watching that want to correct me, please do. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: September 26, 2015, 04:24:04 PM
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So... on the Bitcoin reddit subforum discussing fungibility, I simply suggested in one, very inoffensive polite line, to check out Dash. This was the result.  First they ignore you, then they laugh at you, then they fight you, then you win. Mahatma Gandhi You can post here instead, unmolested by theymos: https://www.reddit.com/r/bitcoin_uncensored |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: September 24, 2015, 03:00:48 PM
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6 confirmations is considered standard by who? Like i said, the biggest alt exchange Poloniex only needs a SINGLE Bitcoin confirmation before giving you full access to your funds  An exchange would consider it "safe" since the funds are in their control, presumably trading for other assets on their site. Quite different than the real world. Would you sell your car to somebody and watch them drive off with only 1 confirmation? ----------------------- I know I'm going to hell for quoting this troll, but I think the 4 seconds vs. 1 hour comparison is worth repeating. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: September 24, 2015, 02:16:45 PM
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AdamWhite suggests that a single bitcoin confirmation takes about ten minutes, and that since the likelihood of a blockchain reorg is so low, for all practical purposes bitcoin transactions take only ten minutes to confirm.
I accept that. But I'm pretty sure that four seconds beats ten minutes any day of the week. Cheers AdamWhite!
That's comparing apples and oranges. A SINGLE BTC confirmation can take 10 minutes. The standard 6 confirmations, which is considered safe can take an hour. Instantx transactions are considered "safe from double spend" in seconds. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: September 21, 2015, 05:49:55 PM
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How should development be paid for?"One of the greatest challenges of building a crypto currency platform is ensuring you create a decentralized system of governance to manage, fund, maintain and expand the project"
I will select 3 examples, and you can decide which model you prefer. -------------------------------------------------------------------------------------------------- Bitcoin: Development paid by the Wall Street Casino  -------------------------------------------------------------------------------------------------- Monero: Development paid by people losing money on a gambling website run by a developer  -------------------------------------------------------------------------------------------------- DASH: "Through the network of full nodes and the collateral requirement, Dash already possesses a decentralized network of Masternode operators that are invested in the future of the currency. As a group, these owners can act as stewards of the core protocol development and promotion. We have implemented a decentralized management system based on a Masternode voting mechanism."The choice is yours.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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on: September 08, 2015, 09:03:53 PM
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This is good news, I think...
Did anyone else hear that Jesus Christ might be joining the development team?
He's got the magic touch alright. "XVI. 1 And Joseph sent his son James to bind fuel and carry it into his house. And the young child Jesus also followed him. And as James was gathering of faggots, a viper bit the hand of James. 2 And as he was sore afflicted and ready to perish, Jesus came near and breathed upon the bite, and straightway the pain ceased, and the serpent burst, and forthwith James continued whole."
I say put him to work on blockchain pruning. |
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