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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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by rallier
Legendary
 Offline
Activity: 1848
Merit: 1334
just in case
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February 02, 2017, 07:34:16 AM |
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@EK, When do you want to deploy project to GitHub ?
I am following on it.
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signature not found.
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tomkat
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February 02, 2017, 09:02:13 AM |
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...
Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?
Yes, POS is the only thing used to secure the blockchain. I didn't work on the core server, so EK will need to provide the rate/reward details. The mining is a service that XEL provides to authors of jobs. The work performed by the miner does not contribute in any way to securing the blockchain. It's simply a value added service that runs on this blockchain which consists of POW mining along with Bounties for valid ElasticPL solutions. So, what's the PoS rate, or block reward for XEL? @EK, was it defined, discussed earlier...? |
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ttookk
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February 02, 2017, 09:10:21 AM |
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...
Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?
Yes, POS is the only thing used to secure the blockchain. I didn't work on the core server, so EK will need to provide the rate/reward details. The mining is a service that XEL provides to authors of jobs. The work performed by the miner does not contribute in any way to securing the blockchain. It's simply a value added service that runs on this blockchain which consists of POW mining along with Bounties for valid ElasticPL solutions. So, what's the PoS rate, or block reward for XEL? @EK, was it defined, discussed earlier...? The amount of tokens is fixed. Like NXT, rewards consist of transaction fees. No new tokens will be created. |
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wwdz99
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February 02, 2017, 11:17:22 AM |
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wwdz99
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February 02, 2017, 11:35:59 AM |
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Hi EK,I see last week the elastic-core's github updated some fixes during long time silent,It's ready for lauch mainnet february?
I am setting up some testnet nodes today or tomorrow, so we can test the super node approach. But before we can test them, we need to get the super node software (the verifier or however we want to call it) done - we work with two people on it and it should be finished soon. That doesn't mean that we cannot launch the next generation of the testnet before though ;-) it's just that we can't test the work distribution / verification mechanism without this software. We now got three people code working team,Wonderful! OK,and pls let me know how to test super node and when,I can test and contribute some. |
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Kasandra
Member
Offline
Activity: 68
Merit: 10
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February 02, 2017, 12:35:49 PM |
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Why is the website http://www.elastic.pro/ offline? |
Lisk.io - Dapp & Sidechain Platform
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by rallier
Legendary
Offline
Activity: 1848
Merit: 1334
just in case
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February 02, 2017, 12:38:11 PM |
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signature not found.
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unvoid
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February 02, 2017, 05:38:29 PM |
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Because guy who was responsible for this website is offline. |
BTC: 1CMgHWx4wkAaAy2FfeCyPdedUExmhGhfi5
XEL: XEL-HCM8-KB6E-YFLK-8BWMF
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Evil-Knievel
Legendary
Offline
Activity: 1260
Merit: 1168
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February 02, 2017, 05:47:46 PM |
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Because guy who was responsible for this website is offline. Actually, nobody is even interested in the website cited above, because the most current url is: http://elastic-project.com |
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lda1000
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February 02, 2017, 07:10:29 PM |
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What is the actual incentive to run the super node? (and what are hardware requirements?)
Thanks.
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beyinsi
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February 03, 2017, 04:34:13 AM |
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Sabırtaşı
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gokcey
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February 03, 2017, 06:48:39 AM |
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Sabırtaşı
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by rallier
Legendary
Offline
Activity: 1848
Merit: 1334
just in case
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February 03, 2017, 06:55:24 AM |
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Do you think update announce topic context? You should do.
It might be more good with updates in the first page for PR.
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signature not found.
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yoohoo309
Newbie
Offline
Activity: 154
Merit: 0
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February 03, 2017, 09:14:28 AM |
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Because guy who was responsible for this website is offline. i think some issues are part of this project so do not be afraid for going further. |
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tomkat
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February 03, 2017, 01:10:45 PM |
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...
Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?
Yes, POS is the only thing used to secure the blockchain. I didn't work on the core server, so EK will need to provide the rate/reward details. The mining is a service that XEL provides to authors of jobs. The work performed by the miner does not contribute in any way to securing the blockchain. It's simply a value added service that runs on this blockchain which consists of POW mining along with Bounties for valid ElasticPL solutions. So, what's the PoS rate, or block reward for XEL? @EK, was it defined, discussed earlier...? The amount of tokens is fixed. Like NXT, rewards consist of transaction fees. No new tokens will be created. ttookk, do you think tx fees are enough to keep the chain going? what about changing to full PoS with block rewards? |
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coralreefer
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February 04, 2017, 01:45:15 AM |
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Hopefully EK will have some updates soon. I have another project I need to work on so I'll be back in a week or two to check on how things are going.
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ttookk
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February 04, 2017, 02:26:54 AM
Last edit: February 04, 2017, 02:41:27 AM by ttookk |
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...
Yes, but XEL is PoS coin in general - block rewards generated for staking, right?
If so, what's PoS rate, or reward per block?
If not, what's the incentive to secure blockchain then?
Yes, POS is the only thing used to secure the blockchain. I didn't work on the core server, so EK will need to provide the rate/reward details. The mining is a service that XEL provides to authors of jobs. The work performed by the miner does not contribute in any way to securing the blockchain. It's simply a value added service that runs on this blockchain which consists of POW mining along with Bounties for valid ElasticPL solutions. So, what's the PoS rate, or block reward for XEL? @EK, was it defined, discussed earlier...? The amount of tokens is fixed. Like NXT, rewards consist of transaction fees. No new tokens will be created. ttookk, do you think tx fees are enough to keep the chain going? what about changing to full PoS with block rewards? Yes. NXT works with transaction fees alone. You probably have fewer people staking, but I think, that… a) …going with a fixed amount works better for a single purpose blockchain. b) …you'd have people staking at almost any reward size. You may have fewer people on the job, but probably enough to keep the chain going. c) …in the end, miners would have incentive to keep XELs blockchain going, otherwise, they wouldn't be able to cash out. That alone may be a strong enough point. EDIT: forgot the most important point, I think: d)…this is not a "get rich coin". The value of XEL should not be determined by stakers, that have no interest in Elastics actual usability. XELs price should be determined by its usability, not by people trying to accumulate as many as possible. With that in mind, having a system in place, which gives staking incentive mostly to those who have a vested interest in Elastic Networks health, seems just right to me. EDIT 2: I just read the second line now. Changing to full PoS is absolutely pointless, since it defeats the whole idea of Elastic. |
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drays
Legendary
Offline
Activity: 2520
Merit: 1073
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February 04, 2017, 03:41:31 PM |
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Having more people staking Elastic is important to secure the blockchain, make sure it is stable and prevent all kinds of attacks and forks.
So people should have tangible incentive to stake, the more people, the better. If only few stake due to low rewards, that is dangerous.
Actually, it all depends on how big would be the fees.
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... this space is not for rent ... |
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