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Author Topic: PRISMA - Third Generation, Non-Blockchain, New Consensus Algorithm, New codebase  (Read 6219 times)
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September 07, 2017, 02:52:44 PM
 #1





Press Release 10/16/2017


Development team

 

Joey B - M.Sc.Eng, Network engineering.

Oleh Y - Dr. hab. in Mechanics. Associate professor.

Neil Kakkar - M.Sc.Eng, Computer Science.

Nadiia Lutsyk - Ph.D. in Computer Science, Associate Professor


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September 07, 2017, 02:54:56 PM
 #2

Is this a coin or a token ICO?
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September 07, 2017, 02:59:22 PM
 #3

Is this a coin or a token ICO?

Can someone translate this in plain English so a 10 year old can understand what this is? Sorry but I don't understand what this is?Huh? I'M CONFUSED!!!!

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
jos nije sajt spreman kliknite kasnije
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September 07, 2017, 02:59:54 PM
 #4

good day sir just in case you need a translator can you reserved Filipino Translation for me thank you very much and God bless.
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September 07, 2017, 03:05:05 PM
 #5

Posting it for you so users can see the images on it.



Prisma offers a number of features that current blockchain technology lacks. By moving away from blockchain technology and use what we call a cryptograph, Prisma enables features such as removing unnecessary transaction history and event data using a technology called fixed consensus state, near instant transaction speeds only limited to the wire speed and latency of the peer-to-peer network and the potential to have thousands of transactions per second sent through the network. Prisma also removes the necessity of heavy operations proof algorithms such as Proof of Work. This white paper will explain the above technologies and how they are used in Prisma.
 
The efficiency of Cryptograph
 
In Prisma there is no unnecessary work like in a blockchain. Whether a transaction happens or not in a blockchain there must be a new block mined. In the case of proof of work with the purpose of confirming transaction data within blocks, the electricity is wasted on a higher level of computations which demand costly mining rigs. Distributed systems have to possess the property of Byzantine fault tolerance. In the present paper, the Byzantine agreement is not used in a weak formulation (Castro 1999), but as it was originally defined (Lamport 1982). The FLP theorem states that there is no such deterministic Byzantine system that can be totally asynchronous, with message delays and which guarantees consensus (Fischer 1985). But it is possible for a nondeterministic system to achieve consensus with probability one. The cryptograph consensus algorithm is asynchronous, nondeterministic, and achieves Byzantine agreement with probability one (The Swirlds hashgraph.). In Prisma the use of Byzantine agreement eliminates the need of confirming blocks. The significance of this Byzantine agreement is that it avoids the issues mentioned above (Lamport 1982, Fischer 1985). Instead the system has a built-in mechanism for exchanging the messages and reaching consensus. During these message exchanges for reaching consensus the members participate in virtual voting. For the n members, a yes/no question may be decided based on voting. The unique feature of this algorithm is that a single yes/no decision can be expanded and replicated to other transactions in events. In this way the decision of a total order of transactions can be accomplished without the need of heavy computational tasks. There is no role of cryptograph in sending the votes over the network because all voting in this algorithm take place virtually on the local node.
 
Fixed consensus state
 
One problem that blockchain technology experiences is a constant increase of the blockchain database size. The implementation of the cryptograph in Prisma solves this issue by being able to remove old transaction history and essentially events, or blocks as it is called in a blockchain. Once Prisma reaches a consensus regarding the transactions in the network it is safe and mathematically proven to create what is called a fixed consensus state. This is accomplished by collecting all transactions made since the last fixed consensus state and creating a single database entry per public key and the funds it holds. All accounts that hold zero funds will be removed to even further save storage space. This technology make is possible to have an estimated increase in consensus database size of only 30 megabytes per year.

High performance transaction speeds
 
Unlike blockchains where you have block times, the cryptograph does not utilize any time limits or expectations when a transaction might be processed. A transaction in Prisma are processed immediately as the new event containing the transaction arrives at a network peer. Since the cryptograph is able to handle the constant flow of new events and transactions, the average number of transactions per second are only limited to hardware performance of the peer that is running the Prisma software, internet connection speed and network latency. In optimal conditions the event propagates exponentially fast, 2^(t/2) number of nodes in t seconds.
 
Current state of development
 
Prisma is developed from scratch and have its own code base. The current version of Prisma is 0.1.0 alpha. We have proven that the algorithm works in a real networking environment and that the fixed consensus state works without any proof of work. When we reach 1.0.0 beta the public testing can begin.
 
Roadmap
 
For Prisma to grow even further as a cryptocurrency we need to continue to develop further functionality. Because of the efficiency in the consensus algorithm it enables us to focus on real world usage and instant payments. Our plan is to extend the platform onto cellular devices, having the cellphone act as a full temporary node while a payment occurs not involving any third party wallet gateway (in some cases this refers to a light wallet or electrum). Also a NFC payment solution will be offered, this will make it easy for 2 party's to make payments using a cellular device. Also a multi-signature wallets from cellular devices will be proposed. This means full decentralization. The future usage of Prisma also demands development in a more performance efficient language. We will therefore develop a Rust version with the help of the reference implementation in Python.
 
Meet the team
 
Development
Joey B - M.Sc.Eng, Network engineering.
Oleh Y - Dr. hab. in Mechanics. Associate professor.
Atik - M.Sc.Eng, Computer Science.
Nadiia Lutsyk - Ph.D. in Computer Science, Associate Professor

Resources

Website

White Paper

Documentation

Community

Slack

/prismaproject/Lobby]Gitter

Twitter

Telegram

      ░▓██████████████░
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Tor Integrated & Secured
prismanet
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September 07, 2017, 04:04:25 PM
 #6

Posting it for you so users can see the images on it.



Prisma offers a number of features that current blockchain technology lacks. By moving away from blockchain technology and use what we call a cryptograph, Prisma enables features such as removing unnecessary transaction history and event data using a technology called fixed consensus state, near instant transaction speeds only limited to the wire speed and latency of the peer-to-peer network and the potential to have thousands of transactions per second sent through the network. Prisma also removes the necessity of heavy operations proof algorithms such as Proof of Work. This white paper will explain the above technologies and how they are used in Prisma.
 
The efficiency of Cryptograph
 
In Prisma there is no unnecessary work like in a blockchain. Whether a transaction happens or not in a blockchain there must be a new block mined. In the case of proof of work with the purpose of confirming transaction data within blocks, the electricity is wasted on a higher level of computations which demand costly mining rigs. Distributed systems have to possess the property of Byzantine fault tolerance. In the present paper, the Byzantine agreement is not used in a weak formulation (Castro 1999), but as it was originally defined (Lamport 1982). The FLP theorem states that there is no such deterministic Byzantine system that can be totally asynchronous, with message delays and which guarantees consensus (Fischer 1985). But it is possible for a nondeterministic system to achieve consensus with probability one. The cryptograph consensus algorithm is asynchronous, nondeterministic, and achieves Byzantine agreement with probability one (The Swirlds hashgraph.). In Prisma the use of Byzantine agreement eliminates the need of confirming blocks. The significance of this Byzantine agreement is that it avoids the issues mentioned above (Lamport 1982, Fischer 1985). Instead the system has a built-in mechanism for exchanging the messages and reaching consensus. During these message exchanges for reaching consensus the members participate in virtual voting. For the n members, a yes/no question may be decided based on voting. The unique feature of this algorithm is that a single yes/no decision can be expanded and replicated to other transactions in events. In this way the decision of a total order of transactions can be accomplished without the need of heavy computational tasks. There is no role of cryptograph in sending the votes over the network because all voting in this algorithm take place virtually on the local node.
 
Fixed consensus state
 
One problem that blockchain technology experiences is a constant increase of the blockchain database size. The implementation of the cryptograph in Prisma solves this issue by being able to remove old transaction history and essentially events, or blocks as it is called in a blockchain. Once Prisma reaches a consensus regarding the transactions in the network it is safe and mathematically proven to create what is called a fixed consensus state. This is accomplished by collecting all transactions made since the last fixed consensus state and creating a single database entry per public key and the funds it holds. All accounts that hold zero funds will be removed to even further save storage space. This technology make is possible to have an estimated increase in consensus database size of only 30 megabytes per year.

High performance transaction speeds
 
Unlike blockchains where you have block times, the cryptograph does not utilize any time limits or expectations when a transaction might be processed. A transaction in Prisma are processed immediately as the new event containing the transaction arrives at a network peer. Since the cryptograph is able to handle the constant flow of new events and transactions, the average number of transactions per second are only limited to hardware performance of the peer that is running the Prisma software, internet connection speed and network latency. In optimal conditions the event propagates exponentially fast, 2^(t/2) number of nodes in t seconds.
 
Current state of development
 
Prisma is developed from scratch and have its own code base. The current version of Prisma is 0.1.0 alpha. We have proven that the algorithm works in a real networking environment and that the fixed consensus state works without any proof of work. When we reach 1.0.0 beta the public testing can begin.
 
Roadmap
 
For Prisma to grow even further as a cryptocurrency we need to continue to develop further functionality. Because of the efficiency in the consensus algorithm it enables us to focus on real world usage and instant payments. Our plan is to extend the platform onto cellular devices, having the cellphone act as a full temporary node while a payment occurs not involving any third party wallet gateway (in some cases this refers to a light wallet or electrum). Also a NFC payment solution will be offered, this will make it easy for 2 party's to make payments using a cellular device. Also a multi-signature wallets from cellular devices will be proposed. This means full decentralization. The future usage of Prisma also demands development in a more performance efficient language. We will therefore develop a Rust version with the help of the reference implementation in Python.
 
Meet the team
 
Development
Joey B - M.Sc.Eng, Network engineering.
Oleh Y - Dr. hab. in Mechanics. Associate professor.
Atik - M.Sc.Eng, Computer Science.
Nadiia Lutsyk - Ph.D. in Computer Science, Associate Professor

Resources

Website

White Paper

Documentation

Community

Slack

/prismaproject/Lobby]Gitter

Twitter

Telegram

Thank you, we have removed the picture from top post temporarily until we get an higher rank with this account. Thanks again!

Prisma.pw - Join Us on Slack!
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September 07, 2017, 04:09:02 PM
 #7

Is there any bounty program?

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▬▬▬ Download WHITEPAPER ▬▬▬

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Iwuzhaxxed
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Russian hackers stole my legendary account. :(


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September 07, 2017, 04:14:24 PM
 #8

Looks like a nice concept. I see this one dueling IOTA for the new tech crown. Good luck, I hope to be able to take part in the testing phase.

I'm assuming that this will be launched with an ICO since there is no mining. Any idea when that may be?
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September 07, 2017, 04:17:21 PM
 #9

Looks like a nice concept. I see this one dueling IOTA for the new tech crown. Good luck, I hope to be able to take part in the testing phase.

I'm assuming that this will be launched with an ICO since there is no mining. Any idea when that may be?

Is there any bounty program?

It will be launched with either an ico or a donate and receive. So far there is no planned date for launch, but will announce when there is one. We will have a signature program, bounty program, and twitter bounty program. There will be a certain amount generated in the genesis event. In Prisma it is called an event since no blocks exists. When we reach beta version 1.0.0 we can begin the public testing phase. Beta should be reached before 2017 ends Smiley

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prismanet
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September 07, 2017, 04:41:58 PM
 #10

Is this a coin or a token ICO?

Can someone translate this in plain English so a 10 year old can understand what this is? Sorry but I don't understand what this is?Huh? I'M CONFUSED!!!!

We understand that this can be quite hard to understand since its quite novel technology. Please join our slack and we will explain more.

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September 07, 2017, 04:48:25 PM
 #11

good day sir just in case you need a translator can you reserved Filipino Translation for me thank you very much and God bless.

We would very much like a translation, please join our slack and we can talk more Smiley all translations are welcome and will be rewarded upon release.

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September 07, 2017, 05:00:40 PM
 #12

Is this a coin or a token ICO?

Its a new cryptocurrency coded from scratch. In other words, not a token. Its been in development for the past 6 months and will be developed for years to come.

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September 07, 2017, 06:06:05 PM
 #13

Awsome!

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September 07, 2017, 06:13:26 PM
 #14

good day sir just in case you need a translator can you reserved Filipino Translation for me thank you very much and God bless.

We would very much like a translation, please join our slack and we can talk more Smiley all translations are welcome and will be rewarded upon release.

I would like to reserve Vietnamese translation for this project. Contact me if I get approvals Smiley

NIMFAMONEY     ▄██▄               ▄██
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September 07, 2017, 06:17:39 PM
 #15

good day sir just in case you need a translator can you reserved Filipino Translation for me thank you very much and God bless.

We would very much like a translation, please join our slack and we can talk more Smiley all translations are welcome and will be rewarded upon release.

I would like to reserve Vietnamese translation for this project. Contact me if I get approvals Smiley

Great!

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September 07, 2017, 06:33:25 PM
 #16

Awsome!

Yes, this is quite interesting technology(consensus algorithm), no other currency has it except us.

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September 07, 2017, 06:49:27 PM
 #17

Hey, I was interested to know how you envision your company developing in the next few years. Good luck!

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September 07, 2017, 06:56:15 PM
 #18

It's very interesting and I'll keep a close eye on it

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September 07, 2017, 08:47:14 PM
 #19

Hey, I was interested to know how you envision your company developing in the next few years. Good luck!

To answer that question i must first explain what current shortcomings in some(or most) cryptocurrencies are. Block chains are a great invention and solves the problems with proof systems for transactions. You typically have a merkle tree with merkle roots to prove integrity. On top of that you usually also have a proof system, let it be Proof of Work or Proof of Stake. This would be the typical blockchain as we see it today. The problem here is several things,

1. You save every transaction ever made in a ledger of blocks/chain of blocks which causes an immense demand of storage size.
2. The proof system might be so ineffective that you can not run it on small devices with limited capacity such as a cellphone.

You also got the problem that you typically have what you call block times, which means that you have to wait a certain amount of time before a transaction is confirmed. However there are a lot of other cryptocurrencies out there that offers what you call instant transactions.

My personal opinion here is that if we combine the following shortcomings there are no true decentralization. Some cryptocurrencies solve these things by having what they call a "light wallet". True decentralization should be; Everyone should be allowed to run a node, get rewarded for it, no matter what the computing power is. And essentially we are talking about cellphones right now. Everyone should be able to run a node which has a limited amount of storage, such as a cellphone.


Answer: Prisma aims to solve the above shortcomings. This is no easy task, but we have proven in our current development that we are on a verge of accomplish this. No heavy duty computing operations, minimal storage size and instant transactions. Once we have a stable version and have began the Rust implementation we can add more services. Right now it's about creating a foundation for a new type of cryptocurrencies.

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September 07, 2017, 09:12:30 PM
 #20

It's very interesting and I'll keep a close eye on it

Thank you.

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September 08, 2017, 06:10:36 PM
 #21

How can I own this coin? Mining or ICO??

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September 09, 2017, 05:55:27 PM
 #22

How can I own this coin? Mining or ICO??

All funds will initial be distributed via ICO and bounty. After that funds can be earned by being a witness and taking part in virtual voting.

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September 10, 2017, 11:59:15 AM
 #23

How can I own this coin? Mining or ICO??

All funds will initial be distributed via ICO and bounty. After that funds can be earned by being a witness and taking part in virtual voting.

Hi friend. Tell me, is there an exact date for ICO so far?
I would like to participate. And also in the company's bounty.
Keep us updated.
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September 10, 2017, 01:29:50 PM
 #24

I can provide Slovenian translation for Prisma project if needed.
Contact me via PM for accepting.
Best regards,

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September 10, 2017, 03:51:28 PM
 #25

How can I own this coin? Mining or ICO??

All funds will initial be distributed via ICO and bounty. After that funds can be earned by being a witness and taking part in virtual voting.

Hi friend. Tell me, is there an exact date for ISO so far?
I would like to participate. And also in the company's bounty.
Keep us updated.

Hi, we have no exact date set yet. It will be announced shortly. You are welcome to do bounty work, please join our slack and we can talk Smiley

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September 10, 2017, 04:07:23 PM
 #26

I can provide Slovenian translation for Prisma project if needed.
Contact me via PM for accepting.
Best regards,


Sounds great. You can translate the announcement as it is, and if it changes we can update it there after. We will also add a translation link for people to follow in the top post and credit you for the work. You will be rewarded from the bounty funds Smiley

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September 10, 2017, 04:12:56 PM
 #27

This seems a known idea but just has simply been presented to bitcointalk forum...the reason it seems still unclear/vague!
Nevertheless will keep a close eye to this one Wink all the best and sucess

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September 10, 2017, 04:20:50 PM
 #28

This seems a known idea but just has simply been presented to bitcointalk forum...the reason it seems still unclear/vague!
Nevertheless will keep a close eye to this one Wink all the best and sucess

This implementation does not exist in any cryptocurrency so far. We are the first to announce it. IOTA and byteball are also based on DAG, but our consensus algorithm differs. Actually everything differs except from the DAG it self. The reason says in the top post, and mainly in the white paper. It has several advantages comparing to current implementations of current DAG based currencies. If you need any more information, dont hesitate to join us on slack and we will explain more Smiley

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September 10, 2017, 04:42:21 PM
 #29

I would like to reserve Urdu translation for this project. Pm me if I get approvals.
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September 10, 2017, 05:00:05 PM
 #30

Looking forward for the bounty thread. If you need Portuguese translation PM. Thanks




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September 10, 2017, 05:04:10 PM
 #31

When is bounty campaign available for this project??

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September 10, 2017, 05:08:28 PM
 #32

When is bounty campaign available for this project??

Hopefully we will have a thread soon
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September 10, 2017, 05:21:25 PM
 #33

I would like to reserve Urdu translation for this project. Pm me if I get approvals.
You got it, that would be great!
Looking forward for the bounty thread. If you need Portuguese translation PM. Thanks
Yes, Portuguese is yours thank you!
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September 10, 2017, 05:25:07 PM
 #34

When is bounty campaign available for this project??


In the next coming days.

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September 10, 2017, 05:30:32 PM
 #35

Hello team, I have experience for Hungarian translation. If you need it pls reserving me
Cheesy

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September 10, 2017, 05:34:17 PM
 #36

Hello team, I have experience for Hungarian translation. If you need it pls reserving me
Cheesy

Thx, noted, we will give a green light once the announcement is done completely Smiley

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September 10, 2017, 05:42:59 PM
 #37

reserving indonesian translation for ann and white paper sir, and also i'm waiting for bounty program of the project.
thank you and good luck sir.

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September 10, 2017, 05:54:26 PM
 #38

reserving indonesian translation for ann and white paper sir, and also i'm waiting for bounty program of the project.
thank you and good luck sir.
Thank you!

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September 10, 2017, 06:03:59 PM
 #39

Very good project, hope you can succeed,


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September 10, 2017, 06:16:23 PM
 #40

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

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September 10, 2017, 09:23:21 PM
 #41

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley
That's awesome, thank you!

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September 11, 2017, 06:08:35 PM
 #42

i have added www.prisma.pw/translations

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September 11, 2017, 07:09:30 PM
 #43

Hello, TamirLAN here.

I was notified about your project by a friend and would lend you helping hand in translating this into the German language.

I'm new here, so no hate please.
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September 11, 2017, 08:02:40 PM
 #44

Hello, TamirLAN here.

I was notified about your project by a friend and would lend you helping hand in translating this into the German language.

I'm new here, so no hate please.

Much Appreciated, Thank you!

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September 11, 2017, 08:05:14 PM
 #45

Ok, I'm game. Can someone from the Prisma team reach out to me and explain the idea a little more in-depth? I am open to becoming advisor and help the project financially and hardware wise if I like what I hear. I am also open to setting up nodes, running hash functions etc. (I ran the hash for IOTA in the developing stages.)
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September 11, 2017, 10:12:52 PM
 #46

Ok, I'm game. Can someone from the Prisma team reach out to me and explain the idea a little more in-depth? I am open to becoming advisor and help the project financially and hardware wise if I like what I hear. I am also open to setting up nodes, running hash functions etc. (I ran the hash for IOTA in the developing stages.)
Hi, thank you for your interest, I invite you to join slack or gitter, links can be found on bottom of prisma.pw

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September 11, 2017, 10:42:29 PM
 #47

Ok, I'm game. Can someone from the Prisma team reach out to me and explain the idea a little more in-depth? I am open to becoming advisor and help the project financially and hardware wise if I like what I hear. I am also open to setting up nodes, running hash functions etc. (I ran the hash for IOTA in the developing stages.)

The lead developer will contact you personally tomorrow. He's located in timezone UTC+2.

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September 12, 2017, 08:59:56 AM
 #48

The development will now continue on github. All the commits on the code was previously done in closed repository's , but from now on you can follow the progress (we are currently in Alpha v0.1.0). Also the developers took a short break after the announcement to handle non development issues such as marketing, bounties etc. See you on github! https://github.com/prismaproject/prisma-core/tree/development / lead developer

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September 12, 2017, 10:00:30 AM
 #49

Looks interesting concept. Joining the slack

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September 12, 2017, 11:11:37 AM
 #50

Looks interesting concept. Joining the slack

You are welcome!

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September 12, 2017, 01:57:11 PM
 #51

This one concept is interesting me so I would like to join in Serbian translation language if it open.

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September 12, 2017, 03:56:28 PM
 #52

This one concept is interesting me so I would like to join in Serbian translation language if it open.
It is all yours, thanks for the interest!

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September 12, 2017, 08:11:41 PM
 #53

Turkish translation reserved.

And Albanian if applied  Grin

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September 13, 2017, 11:34:51 AM
 #54

Turkish translation reserved.

And Albanian if applied  Grin

Of course, you are on slack as well, make sure kwell knows Smiley

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September 13, 2017, 05:14:27 PM
 #55

when mainnet launch
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September 13, 2017, 05:50:43 PM
 #56

when mainnet launch

It will be announced Smiley

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September 14, 2017, 07:57:43 AM
 #57

is german translation needed? I would like to do.

thanks
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September 14, 2017, 08:30:39 AM
 #58

Good concept, interesting to know more before ICO begins, I am very interested to follow it later. Hope to produce a good project in the future.
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September 14, 2017, 05:07:40 PM
 #59

is german translation needed? I would like to do.

thanks
Yes it is still needed, thanks.

Good concept, interesting to know more before ICO begins, I am very interested to follow it later. Hope to produce a good project in the future.

You can ask questions, its hard for us to know what kind of questions you have.

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September 14, 2017, 05:10:29 PM
 #60

is there a bounty for the project you developed dev? because if yes, I would gladly join the bounty campaign for this project, because I see something exciting for this project.Good luck to you and your project dev

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September 14, 2017, 05:15:07 PM
 #61

keep hard work dev i am trust with u project will be succes  if any bounty i will support

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September 14, 2017, 07:22:20 PM
 #62

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

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September 15, 2017, 05:10:23 AM
 #63

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

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September 15, 2017, 05:17:14 AM
 #64

keep hard work dev i am trust with u project will be succes  if any bounty i will support

Thank you! A lot of hard work is being done behind the scenes right now. A new white paper and ANN will be published soon. Development is also continuing.

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September 15, 2017, 07:37:59 PM
 #65

Interesting project, I like it.
I would like to reserve the Spanish translation, thank you.
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September 16, 2017, 04:53:24 PM
 #66

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

Wow Watanabe can translate almost all language, a Multilingual or google translator user?

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September 16, 2017, 05:28:27 PM
 #67

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

Wow Watanabe can translate almost all language, a Multilingual or google translator user?

If you know anything we dont, let us know. A quick check from the users post history it says Vietnamese translations...

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September 17, 2017, 09:40:05 AM
 #68

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

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wancho
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September 17, 2017, 01:49:22 PM
 #69

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

Wow Watanabe can translate almost all language, a Multilingual or google translator user?

If you know anything we dont, let us know. A quick check from the users post history it says Vietnamese translations...

do you have a facebook page ?

Watanabe1505
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September 17, 2017, 02:29:35 PM
 #70

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

Wow Watanabe can translate almost all language, a Multilingual or google translator user?
This is the first time I hear that.
I'm native Vietnamese and I never do other translations before.

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prismanet
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September 17, 2017, 05:20:11 PM
 #71

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.

Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.

Byteball is considered fairly centralize
d in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.


In Prisma everyone is a full node
, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.

We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.

If you have any further questions, please ask.

Prisma.pw - Join Us on Slack!
prismanet
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September 17, 2017, 05:23:24 PM
 #72

Vietnamese ANN thread is available : https://bitcoingarden.org/forum/index.php?topic=19094
Whitepaper in Vietnamese will public soon. Smiley

Wow Watanabe can translate almost all language, a Multilingual or google translator user?

If you know anything we dont, let us know. A quick check from the users post history it says Vietnamese translations...

do you have a facebook page ?

No, not yet.

Prisma.pw - Join Us on Slack!
jukKas
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September 17, 2017, 06:42:12 PM
 #73

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.

Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.

Byteball is considered fairly centralize
d in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.


In Prisma everyone is a full node
, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.

We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.

If you have any further questions, please ask.

This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?

Thanks!



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bravetheheat
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September 17, 2017, 07:31:08 PM
 #74

Do you have any official paper to present the details of your new code and new algorithm?

I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.

This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!

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prismanet
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September 17, 2017, 07:33:04 PM
 #75

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.

Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.

Byteball is considered fairly centralize
d in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.


In Prisma everyone is a full node
, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.

We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.

If you have any further questions, please ask.

This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?

Thanks!


This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.

We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".

More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

Prisma.pw - Join Us on Slack!
prismanet
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September 17, 2017, 07:34:31 PM
 #76

Do you have any official paper to present the details of your new code and new algorithm?

I am a researcher and I am really into cryptocurrency these days. You have very good work, which makes me really interested to the inside of your pipeline.

This project doesn't look like other blockchain based coin that modifies a little bit but have the ambition to create a new rule. I like it!!!

Hi, thank you for your interest. You are right, this is a completely new cryptocurrency coded from scratch, new tech and new ideas.

Stay tuned for more updates in the coming days, meanwhile you can read our updated white paper: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

Prisma.pw - Join Us on Slack!
jukKas
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September 19, 2017, 09:22:30 AM
 #77

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.

Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.

Byteball is considered fairly centralize
d in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.


In Prisma everyone is a full node
, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.

We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.

If you have any further questions, please ask.

This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?

Thanks!


This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.

We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".

More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

I'm getting more enthusiastic as more I investigate this project. What do you mean about Proof Of Work or similar heavy duty computing operations? If there's no need to have any powerful procesessing power in any nodes/witnesses, how you manage to get computing power to work with heavy duty computing operations?

Thanks!

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prismanet
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September 19, 2017, 12:22:15 PM
 #78

Seems quite interesting. Is this kind of DAG-like chain like Byteball or IOTA?

Will be following this on closely. Good luck for the devs!

Its based upon a DAG, but the similarity ends there. This is unique, more efficient and truly decentralized.

I would love to know how's this more efficient if compared for example Byteball. I think that even there's unnecessary blocks removed from the DAG from time to time the size of the DAG is still quite big. So running full nodes in mobile devices is not very efficient. Is Prisma removing unnecessary block more aggressively? and what if the userbase keeps growing, is the Prisma's DAG still grow big?

Thanks!

Its a big difference between Prisma and byteball. Byteball has a size just over 1.8 gigabyte in its "full node". Prisma saves data with about 30 megabytes A YEAR calculated on 10000 accounts. Zero balance account gets removed since its no point saving them.

Number two, Byteball is using witnesses to order/timestamp the transactions. The number of witnesses that defaults handle all transactions are 12, i say again, 12. You can setup further witnesses but users has to specifially choose to use another witnesses.

Byteball is considered fairly centralize
d in this manner since the 12 witnesses all controlled by the developer must be involved in every transaction. The developer further protects all the witnesses behind couldflare so that they are protected against DDoS etc.


In Prisma everyone is a full node
, and everyone can be a full node fully decentralized and trusted. There are no limits in the number of nodes and there are no centralized structure.

We can compare it to IOTA if you want as well. They are using a centralized snapshot server to keep thir size down, this is fully decentralized in Prisma, done automatically. Prisma takes DAG to another level, 3rd generation. Dont get us wrong, IOTA and byteball are both great, Prisma just works different, more efficient and more decentralized.

If you have any further questions, please ask.

This is very interesting. Just got more questions while tried to figure your platform.
So your goal is to aim as wide decentralization as possible while keeping the DAG as efficient and tight as possible?
What's the status of your project development(roadmap) at the moment, and what are your main challenges?
How are you planning to fund your development further?

Thanks!


This is exactly our goal. There exists no solutions today that are efficient enough to run a full node/witness on cellphones. Other currencies use what they call "light wallet" which signs transactions and sends them to a remote host which broadcasts the tx. Prisma has instant transactions, minimal storage footprint and now Proof Of Work or similar heavy duty computing operations.

We are currently in Alpha v0.1.0. We have overcome the main challenges already, we have proven in our code that the algorithm works as expected. We are however fine tuning the "fixed consensus state" right now".

More information can be read in the new white paper which will be published soon on more updated ANN: https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

I'm getting more enthusiastic as more I investigate this project. What do you mean about Proof Of Work or similar heavy duty computing operations? If there's no need to have any powerful procesessing power in any nodes/witnesses, how you manage to get computing power to work with heavy duty computing operations?

Thanks!

By heavy duty processing operations we are generally talking about high difficulty proof of work operations that utilizes GPUs. On a few occasions PoW only means the usage of CPU. Non the less, PoW is not suited for devices with limited resources. The amount of resources that is needed for Prisma to act as a full node is quite similar to PoS cryptocurrencies like NXT, but does not have the drawbacks of a blockchain.

Prisma.pw - Join Us on Slack!
prismanet
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September 21, 2017, 12:21:07 PM
 #79

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Prisma.pw - Join Us on Slack!
MakersONE
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There are millions of chances


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September 21, 2017, 01:47:32 PM
 #80

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.
Anzylon
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September 21, 2017, 05:26:27 PM
 #81

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.

It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.

MakersONE
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There are millions of chances


View Profile
September 22, 2017, 06:08:49 PM
 #82

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.

It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.

I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?  Wink
prismanet
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September 23, 2017, 09:20:24 AM
 #83

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.

It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.

I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?  Wink

The time schedule will be announced in the coming days. We are working hard behind the scenes both with code, but also design. After this we will start marketing.

Prisma.pw - Join Us on Slack!
jukKas
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September 24, 2017, 08:19:15 PM
 #84

Small update.

Things are progressing well regarding development: https://github.com/prismaproject/prisma-core

We have our new white paper published here (as showed above): https://github.com/prismaproject/prisma-core/files/1309324/Prisma_WhitePaper_rev1.0.pdf

What we are working on besides this is the actual ANN with further details on ICO and bounty as well as new design to gather attention. Marketing has not yet began.

/ Joey

Hello again, developers of the Prisma. What about ICO and the company's bounty? Perhaps there is some specific information?
I like your project, and the mechanics myself. We are waiting for updates.

It is written on whitepaper, a short answer would be :
10% of 200 000 000 units will be kept as team funds.
5% of 200 000 000 units will be distributed via bounties.
85% of 200 000 000 units will be sold in ICO.

I'm more interested in specific dates. I read this information in a white sheet earlier. So I want to know when all this will happen?  Wink

The time schedule will be announced in the coming days. We are working hard behind the scenes both with code, but also design. After this we will start marketing.

Good to know. Take your time, hope there's no need to rush things out. Hope everything goes well.

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September 24, 2017, 08:31:11 PM
 #85

Glad I browsed the altcoin section today and saw this. There is never enough crypto projects that can scale faster thean Mastercard or Visa, even one that has no blockchain is ok in my book.

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September 27, 2017, 06:53:08 AM
 #86

Thread reopened! Discussions on Prisma will now occur here.

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September 27, 2017, 07:04:17 AM
 #87

Glad I browsed the altcoin section today and saw this. There is never enough crypto projects that can scale faster thean Mastercard or Visa, even one that has no blockchain is ok in my book.

Yes, this is very interesting tech for sure.

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There are millions of chances


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September 27, 2017, 08:50:36 PM
 #88

Thread reopened! Discussions on Prisma will now occur here.

It's just wonderful, let's talk. But you can discuss very long. Where are our bounty companies, gentlemen.  Cheesy Grin
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September 28, 2017, 09:31:56 AM
 #89

Thread reopened! Discussions on Prisma will now occur here.

It's just wonderful, let's talk. But you can discuss very long. Where are our bounty companies, gentlemen.  Cheesy Grin

Patience please  Grin everything under control, to be announced soon Smiley

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September 28, 2017, 07:21:14 PM
 #90

Hi all My Name is Jacob Meeder, I'm Not allowed to post images. I'm from the eastern side of the USA.
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September 28, 2017, 08:26:40 PM
 #91

this project is going to be huge  Cool
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September 29, 2017, 12:35:55 AM
 #92

You are open source mate, you gave us the idea, you are not yet fully developed, we will develop it ourselves and even will add a few better features

Then we'll make it mineable for people to mine it instead of buying ICO. you are no government, no one is backing you, you are free to walk away with

Our money at any time. Satoshi made Bitcoin POW because he knew something like ICO never gets adopted by masses. you are selling the bottle with

No milf(k) in it mate.

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September 29, 2017, 01:54:26 AM
 #93

this project is going to be huge  Cool
Thank you for your interest Smiley
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September 29, 2017, 09:01:14 AM
 #94

this project is going to be huge  Cool

We aim for that Smiley thank you

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September 29, 2017, 02:36:32 PM
 #95

You are open source mate, you gave us the idea, you are not yet fully developed, we will develop it ourselves and even will add a few better features

Then we'll make it mineable for people to mine it instead of buying ICO. you are no government, no one is backing you, you are free to walk away with

Our money at any time. Satoshi made Bitcoin POW because he knew something like ICO never gets adopted by masses. you are selling the bottle with

No milf(k) in it mate.

Good luck with that. You would defeat the whole purpose of a hashgraph using Proof of Work.

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September 29, 2017, 07:37:20 PM
 #96

Hello. Is this project linked by any way to swirlds ?
The CEO created the hashgraph algorithm and it's patented
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September 29, 2017, 09:44:47 PM
 #97

Hello. Is this project linked by any way to swirlds ?
The CEO created the hashgraph algorithm and it's patented

US patents are valid in US only, we are not based in US and we do not have any single organization or company based in US behind Prisma. The algorithm it self can not really be patented, or normally cant be, swirlds implementation on the other hand can be.

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September 30, 2017, 08:28:42 AM
 #98

Hey, just here to say that prisma looks like a really cool project, i always get excited when i see innovation in crypto-world. You have my support Smiley

BTW do you guys have some official chat? I'm on your telegram but it seems it's muted.
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September 30, 2017, 08:52:26 AM
 #99

Hey, just here to say that prisma looks like a really cool project, i always get excited when i see innovation in crypto-world. You have my support Smiley

BTW do you guys have some official chat? I'm on your telegram but it seems it's muted.

Glad to hear. Our community mostly resides on slack: https://join.slack.com/t/prisma-net/shared_invite/MjMyNTkwMTQ0NDgzLTE1MDM5MzA2NjItMWJjNWIwNWNmYQ

Welcome

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September 30, 2017, 08:54:14 AM
 #100

Looks interesting concept. Joining the slack
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September 30, 2017, 08:58:01 AM
 #101

Looks interesting concept. Joining the slack

Thank you for your interest you are welcome Smiley

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September 30, 2017, 10:27:48 AM
 #102

The new white paper is located here: https://github.com/prismaproject/whitepaper/raw/master/Prisma_WP_rev1.2.pdf

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October 01, 2017, 01:47:22 PM
 #103

May I know why there are no public profiles of the team members?
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October 01, 2017, 03:49:29 PM
 #104

May I know why there are no public profiles of the team members?

There will be soon Smiley

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October 01, 2017, 07:05:12 PM
 #105

I read the whitepaper. Very interesting concept, I hope to see this live in action though. But in my honest opinion, this should be fourth generation already.

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October 02, 2017, 07:14:17 AM
 #106

I read the whitepaper. Very interesting concept, I hope to see this live in action though. But in my honest opinion, this should be fourth generation already.

Its interesting tech indeed, lets not hype it too much Wink but yeah, imho, its more efficient than other consensus out there atm.

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October 02, 2017, 07:17:32 PM
 #107

Hey!
Do you guys already have someone for the german translation?
If not, I'd like to reserve this! Smiley

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October 05, 2017, 12:57:11 PM
 #108

Very cool project  Wink

I'm interested to make the french translation if still available.
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October 07, 2017, 07:18:20 AM
 #109

Looks like I posted in the wrong thread, so here again:

Hello PRISMA team,


I ve seen this idea before and am very anxious to see this become a reality and wish you good luck.

However, could you clarify your connection to swirlds.com? Just by looking at this, you can see that the ideas are similar:

http://www.swirlds.com/whitepapers/

The reason why I'm asking is, that is extremely obvious, where the ideas come from. Yet, I haven't found any mention or credit, which concerns me.

Are members of your team somehow affiliated with swirlds.com?

Are you not affiliated, but decided to use swirlds technology for your project? In this case, you should absolutely point towards the original sources.


Oh, and the "whitepaper" link of your Ann throws a 404 error.


Regards

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October 07, 2017, 04:45:25 PM
 #110

How is this different from Iota?

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ANNOUNCEMENT          WEBSITE          WHITEPAPER
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SECURITY ● USABILITY ● TRANSPARENCY
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kwell
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October 09, 2017, 01:17:58 PM
 #111

We will not be using PoW, it will be much more efficient than iota, and also a iota node must be high powered as well, Prisma will run on your smart phone or the first rasberry pi with ease.
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October 09, 2017, 11:28:45 PM
 #112

Am I the only one here who thinks that 25 october for ICO is a bad idea? Have you heard about Bitcoin Gold? It's another hardfork of bitcoin, planned for 25 october. Everyone will invest in bitcoin, to take forked coins for free. In my opinion, better to move date up to on 1-3 days.
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October 10, 2017, 01:13:08 PM
 #113

Hi! Interesting project.

I am trying to get into Telegram and slack but for slack I need a @prisma.pw email address and the telegram one is only for announcements.

I want to know how to get into to participate in the ICO.

Thanks
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October 10, 2017, 07:07:54 PM
 #114

Am I the only one here who thinks that 25 october for ICO is a bad idea? Have you heard about Bitcoin Gold? It's another hardfork of bitcoin, planned for 25 october. Everyone will invest in bitcoin, to take forked coins for free. In my opinion, better to move date up to on 1-3 days.

The ICO is postponed... it will not occur on the 25th of october. The reason is explained below in the update.

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October 10, 2017, 07:09:48 PM
 #115

A small update, we are working on two ideas to make our implementation unique, something that not exists today. This is why things have slowed down a bit. Either way we will finish this, and we will have something unique with at least 100 times the performance of a blockchain (estimation) in regards of transactions per second, it will likely even have better perfomance than that.

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October 10, 2017, 09:55:03 PM
 #116

Am I the only one here who thinks that 25 october for ICO is a bad idea? Have you heard about Bitcoin Gold? It's another hardfork of bitcoin, planned for 25 october. Everyone will invest in bitcoin, to take forked coins for free. In my opinion, better to move date up to on 1-3 days.

The ICO is postponed... it will not occur on the 25th of october. The reason is explained below in the update.

I'm glad we're dealing this thing. But for now we want more a little transparency. If you wouldn't mind, can you please comment on ttookk message?
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October 11, 2017, 07:17:48 AM
 #117

Looks like I posted in the wrong thread, so here again:

Hello PRISMA team,


I ve seen this idea before and am very anxious to see this become a reality and wish you good luck.

However, could you clarify your connection to swirlds.com? Just by looking at this, you can see that the ideas are similar:

http://www.swirlds.com/whitepapers/

The reason why I'm asking is, that is extremely obvious, where the ideas come from. Yet, I haven't found any mention or credit, which concerns me.

Are members of your team somehow affiliated with swirlds.com?

Are you not affiliated, but decided to use swirlds technology for your project? In this case, you should absolutely point towards the original sources.


Oh, and the "whitepaper" link of your Ann throws a 404 error.


Regards

We are not affiliated with Swirlds in any way. We clearly says that its based on a hashgraph. We will not use the hashgraph consensus algorithm, but rather our own alternative version of it, and can therefore not be called a hashgraph anymore. All DAG based currencies share the same properties (similar to a blockchain where all share the same basic ideas), you will find out if you read other white papers and study its background, small changes makes it unique.  White paper is offline until we have updated it properly, we removed it from top post until further notice thx.

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October 11, 2017, 11:01:10 PM
 #118

Thanks for the clarification. We'll wait for the white paper release in order to learn features and details.
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October 12, 2017, 12:18:03 PM
 #119

This is actually wrong. This project seems like its run by scammers or copycats. There aren’t real pictures of the people (just cartoons) and I don’t think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasn’t theirs.

"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.

You cannot simply “get around” innovation / patents with “small changes” like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:

1) By making "small changes" to an innovative technology you didn’t create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.

2) You are launching what is essentially an ICO based on someone else's hard work.

3) You are launching an ICO which could be illegal.

4) If you guys do get into a lawsuit, there goes the value of the project

In summary, you cannot simply make “small changes” and say “see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and you’ll see I’m right.

And more importantly, this isn’t the way legitimate projects work. Be innovative and ICO that. Don’t be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
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October 12, 2017, 02:42:59 PM
 #120

This is actually wrong. This project seems like its run by scammers or copycats. There aren’t real pictures of the people (just cartoons) and I don’t think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasn’t theirs.

"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.

You cannot simply “get around” innovation / patents with “small changes” like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:

1) By making "small changes" to an innovative technology you didn’t create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.

2) You are launching what is essentially an ICO based on someone else's hard work.

3) You are launching an ICO which could be illegal.

4) If you guys do get into a lawsuit, there goes the value of the project

In summary, you cannot simply make “small changes” and say “see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and you’ll see I’m right.

And more importantly, this isn’t the way legitimate projects work. Be innovative and ICO that. Don’t be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
We will be open source and efficient! We haven't copied anything that I know of. There are several bitcoin forks less innovative than what we are doing, thanks for your post. Smiley

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October 12, 2017, 02:52:43 PM
 #121

Looks very intresting, i will keep a eye on this close, looking forward to see the progress of this...

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prismanet
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October 12, 2017, 02:59:48 PM
 #122

This is actually wrong. This project seems like its run by scammers or copycats. There aren’t real pictures of the people (just cartoons) and I don’t think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasn’t theirs.

"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.

You cannot simply “get around” innovation / patents with “small changes” like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:

1) By making "small changes" to an innovative technology you didn’t create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.

2) You are launching what is essentially an ICO based on someone else's hard work.

3) You are launching an ICO which could be illegal.

4) If you guys do get into a lawsuit, there goes the value of the project

In summary, you cannot simply make “small changes” and say “see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and you’ll see I’m right.

And more importantly, this isn’t the way legitimate projects work. Be innovative and ICO that. Don’t be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.

You have missed the whole concept here.. sorry. It will not be a copy of anything. We are moving away from using a hashgraph, it will not be used anymore. We are creating our own consensus protocol and it will unique in crypto. If you want a technical discussion i can take that anytime with you on slack. DAG currencies share the same basic principles, how you handle consensus is a different issue. Please join slack and i will explain how it works because you obviosly dont have a clue.

I see that you also are somewhat affiliated with Swirlds. You can tell them that we wont use their work... gossip protocols have been around for ages. If you look at their work its based on someone elses. We have studied this a lot and have several lawyers involved. Please dont suggest anything else that we dont know what we are talking about here. We will not use their hashgraph, because we dont need to. We will use our own implementation, period. White paper, website and all of the branding will be redone during the upcoming weeks. Second, swirlds patent might actually break rules as well. We have found papers dating back to 2014 that is very very similar to their work, its nothing unique. I think you can imagine that the crypto community will not receive a closed source or a closed ledger cryptocurrency that is patented very well... people just dont trust their money with it. Actually its hilarious. Our version will be open source, it will be similar in efficiency.

Second, show me a open source cryptocurrency that is leaderless and is based on a DAG that got high performance tx speeds and is performance efficient... this is what Prisma is.

Third, do you really think that our PhDs in our team would risk their academic reputation by creating something like a scam?

Before you join our slack, read up on DAGs and this paper

"Scalable and leaderless Byzantine consensus in cloud computing environments.", if you recognize anything from this paper, let me know.

Authors:

JongBeom Lim
·
Taeweon Suh
·
JoonMin Gil
·
Heonchang Yu


/Joey - lead developer

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vegita1233
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October 12, 2017, 03:18:50 PM
 #123

I am interested in this project.  Interesting concept.

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October 12, 2017, 03:47:00 PM
 #124

Update:

We reached out to swirlds about a week and a half ago about licensing their patent. They said that they would not license a cryptocurrency because they are planning to release their own closed source cryptocurrency someday. So over the past week and a half we have been looking into patents, other implementations and talking to several lawyers. In the meantime we took down our whitepaper, and moved several things to different locations. Instead of using the Hashgraph algorithm by Swirlds Inc., we will be making our own consensus algorithm using leaderless state machine replication. It will have similar performance to a hashgraph but it will be completely unique. Once we publish our new whitepaper it will explain how our algorithm works. Although this is a slight setback since we had reached Alpha stage using the hashgraph algorithm, it shouldn't take to long to write our own and provide proofs that it works. Development on our new consensus implementation starts yesterday Smiley.

Thank you guys for your support!
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October 12, 2017, 04:45:21 PM
 #125

Joey, thanks for your response

1) I am not affiliated with Swirlds. I actually run my own crypto fund. I just like their technology.

2) Gossip protocols have been around for a long time, but I said “gossip about gossip”. My understanding is that that is one of the key innovations.

3) If you build another protocol, thats cool. Good luck. Thats what I was suggesting.

4) Send me the link to "Scalable and leaderless Byzantine consensus in cloud computing environments.” and I’ll take a look

5) I’m interested to see the innovation in your white paper when the revised, non Hashgraph, version comes out.
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October 12, 2017, 05:06:13 PM
 #126

yes as I said we reached out to them.
here are some much older articles
Birman, Kenneth; Thomas Joseph (1987). "Exploiting virtual synchrony in distributed systems"http://portal.acm.org/citation.cfm?id=37515&dl=ACM&coll=GUIDE
Schneider, Fred (1990). "Implementing Fault-Tolerant Services Using the State Machine Approach: A Tutorial"http://ecommons.library.cornell.edu/bitstream/1813/6640/2/86-800.ps

this is the newer one you requested a link to. Scalable and leaderless Byzantine consensus in cloud computing environments https://link.springer.com/article/10.1007/s10796-013-9460-7

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October 12, 2017, 10:30:41 PM
 #127

What about global regulations? Are you planning adding KYC verification? USA and China citizens can't participate in the PRIZMA ICO?

Nice fud Cheesy I'm glad everything is being resolved.
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October 12, 2017, 11:05:13 PM
 #128

What about global regulations? Are you planning adding KYC verification? USA and China citizens can't participate in the PRIZMA ICO?

Nice fud Cheesy I'm glad everything is being resolved.

The ico details will be determined before it's announced. KYC sounds a little intrusive to me though. We could limit based on ip, but everybody knows how to VPN or use a vps in Europe. But it will be announced.

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October 13, 2017, 05:25:18 PM
 #129

Press release


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October 13, 2017, 11:37:59 PM
 #130

What about global regulations? Are you planning adding KYC verification? USA and China citizens can't participate in the PRIZMA ICO?

Nice fud Cheesy I'm glad everything is being resolved.

The ico details will be determined before it's announced. KYC sounds a little intrusive to me though. We could limit based on ip, but everybody knows how to VPN or use a vps in Europe. But it will be announced.

Major problem is that in recent times exchanges haven't adding new coins. And KYC process can be a cause of refusal.


Things don't always go as planned. Will wait for updates.
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October 16, 2017, 12:31:49 PM
 #131

The old press release is no longer valid. A new press release, slightly adjusted can be read here,


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October 22, 2017, 06:02:40 PM
 #132

When does ICO start?


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October 22, 2017, 10:00:27 PM
 #133

When does ICO start?

It is being planned, first comes the new whitepaper.

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October 31, 2017, 06:11:22 AM
 #134

Link not worked.

Found.Thanks.
http://prisma.pw/announcements/press_release_20171016.pdf

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November 02, 2017, 11:16:57 PM
 #135

Hi, prismanet! So how are things going with development of the new algorithm? Maybe you have some news for us?
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November 03, 2017, 12:40:27 AM
 #136

Idea is good . the team is very strong , i think that is good project worth to invest
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November 03, 2017, 10:02:00 PM
 #137

Idea is good . the team is very strong , i think that is good project worth to invest
You're right, it's a worthy project. But lately we are haven't receiving news about development of the project. And that's not good.
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November 04, 2017, 09:43:29 AM
 #138

Idea is good . the team is very strong , i think that is good project worth to invest
You're right, it's a worthy project. But lately we are haven't receiving news about development of the project. And that's not good.

Team is working on a new consensus algorithm and re-writing the whitepaper, we want to make sure that everything is ready to go before announcing Smiley

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November 09, 2017, 09:16:56 AM
 #139

When does ICO start?

It is being planned, first comes the new whitepaper.

Hello dev, Will Prisma's ICO be launch as the date as annoucement?

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