[ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*

[verymuchso]

Some progress on the unconfirmed transaction (or mem-) pool

[This is one of the last BIG problems we had to solve..]

The previous post turned out not to be the solution, it simply wouldn't scale.

Happy to say we now 'really' have a working solution.

Trick was to construct the pool as a linked list and to use smart on demand sorting on addition.
This also solves our need that during block apply-ing valid and applied transactions can be removed very fast during iteration.
And allows for filtered iteration to kick out expired transactions.
And allows to put a max size on the pool so the expulsion algorithm can kick out transactions overflowing the maximum allowed (to mitigate DDOS attacks).

Finally we now have hooks to persist transactions to disk (have to do that ourselves since the database was removed).
And it supports transactional operations required to rollback in case of validation errors or to recover from system crashes.

The list itself, with active on-demand sort as you insert, has shown to do 12,000,000 operations a second (most likely double or triple that on a decent server).
This was tested with the default pool size of 600,000 transactions that fit in the HEAT mem-pool.
With real transactions this will become slightly slower because of the need to persist data to the memory mapped data store.

But the most important thing... the mem-pool will not be slower than any other part of the HEAT framework.
Which was the main goal.

For the nerds: HeatSortedLinkedList.java
[tip of the day! if you ever need to do a standard datastructure, look in the actual JVM source code for samples!]

In regards to qualifying HEAT as a 3rd Generation platform, here is an interesting video with a 3rd generation definition. Mainly first ten minutes..

I'm a bit behind on schedule because of the mentioned difficulties.
I'll get back to this later.

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[1714651594]

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[doktor1897]

where we can get heat ?

[Kazadar]

where we can get heat ?

Its in the OP

ESCROWS AND TRADING

HEAT credits can be reserved from the following sites:

• HEAT Ledger web site
• Openledger operated by CCEDK (also allows trading of stakes during ICO)
• Alcurex exchange
• C-CEX exchange
• Fitcoin Exchange assets in the FIMK blockchain

[Selsonblue]

where we can get heat ?

Read 1st post       

Its still in ICO on a few exchanges... C-cex is where i got my steaming pile of HEAT    (Not an insult, just seemed appropriate and comical)

As an early investor, somewhat of a crypto-vet, and an IT professional - I have to say, good feels come from the info that has been communicated here - Shout out to LiskEnterprises for asking those questions of the dev. And kudos to the dev for providing a bunch of info back.

[verymuchso]

What do all these solutions have in common?

- segregated witness
- sharding
- blockchain pruning
- lightning network

 

They all solve the inherent problem that each crypto-currency or blockchain network faces..

Which is the inability to keep around all transactions since genesis till now, no machine in the world exists that allows that.
_{Let alone cheap machines required to run a world wide decentralized network - operated by normal people - not multi-million dollar banks!}

But why keep those transactions around in the first place?
Why do crypto currencies need access to all past transactions?

Why can't the decentralized consensus mechanism function with access to balances alone (and some past transactions - but not all of them).

The real reason most currencies can't function without access to that data....

Is since they are designed from the ground up to have to have access to that data for their consensus algo's to function.
But can we blame them?

Did they know what scale crypto-currencies  could reach one day?

No! Of course not. But it is a problem non-the-less.

If there is anything that HEAT adds to this, it's that we designed HEAT from the ground up to not depend on past transactions.

This comes at a cost (initially ... but will be solved eventually).

- we can't do referenced transactions like NXT does (doesn't scale)
- we can't do ETH contracts in the form Ethereum does them (doesn't scale)
- we can't do Bitcoin multi-sig in the form Bitcoin does it (doesn't scale)

Does this mean we can't have smart contracts? multi-sig? or conditional transactions?

By no means, the answer is we can support those things.
But extreme care has to be applied to not lock the HEAT blockchain into promising functionality that later needs to be disabled or rolled back.

Simply since it doesn't scale anymore!

In part... I believe this is what HEAT is about.

And kudos to the dev for providing a bunch of info back.

Kudos back  

[Jack Needles]

can u pls update this?
would be interessting!

thank you!

Here you go!

     Price stage    HEAT price    Exchange / BTC    1 BTC worth    HEAT per 1 BTC equiv
BTC            2       0.00013        1.00000000         1.0000        7692.3077
FIMK           3            50        0.00000210    476190.4762        9523.8095
NXT            2             4        0.00004009     24943.8763        6235.9691
ETH            1        0.0065        0.01967240        50.8326        7820.4059

[IlluminatiGoldMember]

I guess this definition of 3rd Gen gets us out of experimental phase and into a percise governmental phase that would prevent issues like what ETH has right now.

Interesting video! Clearly, 3rd generation can mean many things.

Can mean a next technological level
Can mean a better/decentralized governmental process

But what exactly can be gained with such 'better governmental process'?

The video talks about changes to the network protocol or consensus protocol, but what does that mean? Sure seems like an interesting theoretical or technical problem. But what kind of real world use is there for it? Any examples?

[Kazadar]

I guess this definition of 3rd Gen gets us out of experimental phase and into a percise governmental phase that would prevent issues like what ETH has right now.

Interesting video! Clearly, 3rd generation can mean many things.

Can mean a next technological level
Can mean a better/decentralized governmental process

But what exactly can be gained with such 'better governmental process'?

The video talks about changes to the network protocol or consensus protocol, but what does that mean? Sure seems like an interesting theoretical or technical problem. But what kind of real world use is there for it? Any examples?

An example of why a better governance model is needed is mentioned in the video.
Look at all the accusations flying back and forth between the ETH and ETC community right now. Both sides are accusing the other side of having ulterior motives. There is no way of proving if any of the accusations are right and it is damaging both communities.

[Jack Needles]

Interesting video! Clearly, 3rd generation can mean many things.

Can mean a next technological level
Can mean a better/decentralized governmental process

But what exactly can be gained with such 'better governmental process'?

The video talks about changes to the network protocol or consensus protocol, but what does that mean? Sure seems like an interesting theoretical or technical problem. But what kind of real world use is there for it? Any examples?

Nice video.

Under his definition, Bitshares might qualify as 3rd generation then.  I'm not expert on it, but they seem to have advanced blockchain voting functions, with workers, committees, and witnesses (their block producers).

Real use of Bitshares voting shown here:
https://cryptofresh.com/ballots

I think HEAT uses a different definition for 3rd generation.  One that eliminates blockchain bloat and improves scalability to massive levels (among all the other niceties).

[idolacchacked]

this ICO has to be the least noticed ... not many  know

[Kazadar]

this ICO has to be the least noticed ... not many  know

And still it has raised a pretty good amount of BTC so far.
But I do agree that the thread is pretty quiet.

[Arrakeen]

Can't invest!! 

The openledger site says:

"Application initialization issues"

Anyone else having this problem? I'm running on Android 5

[Trade_BTC]

Sorry if it's been asked but what happens to the coins that are not sold in the event they are not?

[Kazadar]

Sorry if it's been asked but what happens to the coins that are not sold in the event they are not?

They will be split among the people that bought coins.

[Trade_BTC]

Sorry if it's been asked but what happens to the coins that are not sold in the event they are not?

They will be split among the people that bought coins.

Oh awesome thanks for the help.

[Jack Needles]

Can't invest!! 

The openledger site says:

"Application initialization issues"

Anyone else having this problem? I'm running on Android 5

OpenLedger gives a warning for untested browsers.  They suggest Chrome, and it works beautifully on my desktop.

But, there are other ways to invest in HEAT.  See the ICO page here for details
http://heatledger.com/ico/

[nob0dy]

pfew... after nearly 3 weeks, still nothing of the promised whitepaper. no time shouldnt be an excuse anymore. the coder not only doesnt know anything about security. he is a childish. self educated hobby scripter, with no academic background, like he explains himself.

it couldnt get more worse.

the dao is dead cause they got hacked.... hey they had a big team of professionell guys. so what is this?


put all your coins, in the HEAT multicurrency wallet and lose them all together by one hack cause of insecurity. nice. haha. FAIL

[Eliphaz Fimk]

still nothing of the promised whitepaper.

Whitepaper will be available as promised by August 1th, the last week of the ICO.

[verymuchso]

the dao is dead cause they got hacked.... hey they had a big team of professionell guys. so what is this?

You tell me. Perhaps it's because they had no academic backgrounds. 

[someonesomeone]

Invested. Looking forward to seeing this grow.

I do think that you guys should advertise this ICO more. Maybe some Reddit ads? Those worked wonders for Lisk