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Author Topic: The fastest altcoins; Blocks in less than 30 seconds.  (Read 827 times)
Revelation 22:13 (OP)
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June 04, 2013, 01:59:34 AM
Last edit: June 04, 2013, 09:58:08 AM by Revelation 22:13
 #1

Memecoin: 30-second blocks

Digitalcoin: 20-second blocks

Worldcoin: 15-second blocks

Fastcoin: 12-second blocks

Flashcoin: 6-second blocks

How fast can we get before it stops working altogether?


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June 04, 2013, 04:20:30 AM
 #2

Not very. Fast confirmation times do not improve security at all (assuming equal difficulty, one 10-minute block is as secure as thirty 20-second blocks), and in fact security is reduced significantly by wasting hashpower on more orphaned blocks since network lag is a much bigger factor. The result is that it is possible to do a 51% attack with significantly less than 51% of the hashpower, if the attacker can maintain a low-latency connection to many nodes.

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Revelation 22:13 (OP)
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June 04, 2013, 05:52:08 AM
 #3

Not very. Fast confirmation times do not improve security at all (assuming equal difficulty, one 10-minute block is as secure as thirty 20-second blocks), and in fact security is reduced significantly by wasting hashpower on more orphaned blocks since network lag is a much bigger factor. The result is that it is possible to do a 51% attack with significantly less than 51% of the hashpower, if the attacker can maintain a low-latency connection to many nodes.
Besides that, how fast can blocks be while still having a stable blockchain?
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June 04, 2013, 06:45:34 AM
 #4

I think Flashcoin nearly reach the limit.   Can't imagine anything faster than that.

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June 04, 2013, 08:33:49 AM
 #5

Are there any faster coins I haven't listed?
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June 04, 2013, 08:51:35 AM
 #6

Memecoin is 30 second blocks, 12 1/2 minute confirms, just nice (25 blocks).

Deliberately kept it up for reasons listed.
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June 04, 2013, 08:55:54 AM
 #7

Added.
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June 04, 2013, 08:59:19 AM
 #8

Although I think smaller block times are possible, there's the problem of the block chain growing too quickly. For that reason I chose 60 seconds for EZCoin. Personally I think it is a nice balance.
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June 04, 2013, 09:55:10 AM
 #9

Isn't Worldcoin 15s?
Revelation 22:13 (OP)
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June 04, 2013, 09:58:20 AM
 #10

Isn't Worldcoin 15s?
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June 04, 2013, 10:15:37 AM
 #11

+1 to this thread im all for testing the limits of cryptocurrency in any way possible  Grin

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