Here are a few of many discussions on dealing with a large blockchain. Now, please give us some more details on how your team will solve this. Talking about snapshots of outputs just doesn't cut it and infinite collapse of the blockchain. What math is it based on and what research? Is it going to be open source?
Then, have an escrow where a fraction is released and the rest when you publish the code.
YOU KNOW THIS IS A SCAM, YES?There are some obvious signs, like:
No source code (and unrealistic code ambitions)
No escrow
and...this is taken from the white paper at:
https://exscudo.com/EON%20Whitepaper.pdfquote:
"Besides, in the face of the blockchain’s growing volume problem (scalability), our blockchain must not become enormous. This will enhance the possibilities of maintenance of the decentralized network. Moreover, the rush for the right to sign a block must not be hardware-dependent. It should fit the model and logic of the network in a much deeper manner. EON solves all these tasks. The transaction is flexible and fast (1333 transactions per minute)1 . We can make the blockchain ‘collapse onto itself’ an infinite number of times without losing the integrity of the network. This is an unrivalled innovative solution that allows us to keep the size of the operational blockchain limited."
A few comments:
They obviously do not know what scalability means and equates that to blockchain bloat. They talk about maintenance of the decentralised network. What does that mean? The transaction is flexible and fast! What?? They can make the blockchain
'collapse onto itself' an infinite number of time....blah blah etc.
So, without having shown any maths, no code and not even a conceptual design or outline for the fantastic claim to
COLLAPSE THE BLOCKCHAIN onto itself, not once or twice, but an
INFINITE number of times, they want your BTC!!!!
Do you really believe this? Show us the maths and code for this claim.
Oh, and, the debit cards again, MASSIVE
red flag Hello.
No, we don't know that we're a scam.
Who has told you this?
Ok, what concerns our EON blockchain:
Yes, we believe that growing size of blockchain is a real problem for those who create new nodes - they have to wait significant amount of time until the peer is synchronized. In course of blockchain existence the time also grows.
However for most peers it is not crucial to have a complete blockchain, that's why EON blockchain has a feature which is similar to taking 'snapshots' of older parts of the blockchain. After a particular number of blocks the the snapshot is taken and saved on 'supernodes' of EON blockchain, whereas the common peers just 'quote a link' to the archived snapshot.
After some time all the snapshots also exceed some critical volume, and a 'supersnapshot' of snapshots is made and also archived. The common peers of the EON blockchain just 'quote a link' to the 'supersnapshot' of snapshots.
By implementing this solution we allow for fixed time spent on peer creation and its synchronization, making it easier for users and node owners.
The math will be available until the end of the ICO, so you should not even believe our words - just check out the math behind the project and after that you can invest.
Concerning the escrow issue: we'll have a board and other guarantees, please kindly check the 'Legal' page on our website.
As for the debit cards, more information is yet to come. We are now in the process of obtaining a license as a payment system. This is the first step. We will publish the documents once we have them. And, honestly, the fact that some other project didn't manage to realize a functionality does not automatically mean that it's generally impossible or that we won't be able to do it.
Finally, if we had all Exscudo ecosystem products ready, we wouldn't need an ICO. We see it as absolutely natural that the information and products are released gradually. No one is obliged to invest, but if you believe that Exscudo is able to deliver quality results, we will be grateful for your support.
Thank you.
