[ANN] [CPU ONLY] RedStone [SHARDING]
How Redstone can solve sharding. Hi, I’m Toni Dumančić, lead developer of Redstone. For my implementation of sharding, the transaction will be sent from the main wallet chain, and it will be transferred to the chain with the least amount of transactions present. The miner will be able to choose what chain to mine, and most will choose the chain with most transactions, since they get paid for it. But people who choose the chain with the least transactions will get paid better (eg. if is 30% less load, 30% better paid). We want three chains because transactions will go through quicker and smoother, therefore we reduce transaction times. This just a theory for sharding. Redstone is for the time being a normal coin, but I will try to implement this.Also network can decide if there is overload to open new chain with same concept with formula:.i = [(t/(nkc))/c]^
Where is the amount of new chains, t is the current network transactions per second, n the number of nodes, k is the tps increase of each node and c is the current nodes
All coins from this cryptonight network will then be swiched over to the new codebases network after developemnt has finished.
RedStone
(Cryptonight based Network)
Name: RedStone,
Ticker rs,
Block Time: 20 ces,
Block reward: 0.5 rs,
Mining Algo: CN TRTL/PICO,
Decimal Places: 6,
Minimum Fee:0.000025 rs
Target Value:1 GBP
Links[/u]
Website:
http://redstone.crypto.ba/Whitepaper:http://redstone.crypto.ba/W.pdf
MultiBlockchain Whitepaper:
https://docs.google.com/document/d/1Lw0xZAfFFx6nv8ep60ct65uhdLd4oBX-h3lUtTF6OlY/Discord:
https://discord.gg/xbUMRUuh4DGithub:
https://github.com/RedStoneCoin/Block Explorer:
http://redstone.crypto.ba/explorer/index.html
