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Author Topic: [ANN][SEM] Semux - Official Thread  (Read 136487 times)
Fara Chan
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September 08, 2017, 11:11:44 AM
 #41

give away again  Grin but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

quite worrying if the amount of coins is too much
hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later


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semux
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September 08, 2017, 11:32:19 AM
 #42

give away again  Grin but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

quite worrying if the amount of coins is too much
hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later

we reduced the total supply from 1,000,000,000 to 100,000,000. Thank you for your input!

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
CosaNostra
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September 08, 2017, 11:39:50 AM
 #43

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet

I love it so far, #1 now  Cool

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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kamiyama
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September 08, 2017, 12:19:38 PM
 #44

It was very easy to understand thanks to your plain explanation.


Simple is best

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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Neon~
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September 08, 2017, 02:28:19 PM
 #45

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet
Is the --cli mode fully functional to add delegate and start forging? I'm running a headless Linux in my VM and cant use the wallet GUI.

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.SEMUX
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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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semux
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September 08, 2017, 02:46:31 PM
 #46

Here all a few things you can do after receiving the coins. https://github.com/semuxproject/semux/wiki/Testnet
Is the --cli mode fully functional to add delegate and start forging? I'm running a headless Linux in my VM and cant use the wallet GUI.

Yes Neon, the --cli mode is fully functional. After registering as a delegate (either by GUI or RESTful API), you can start forging under headless Linux. This is what I'm doing now  Grin

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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September 08, 2017, 03:07:05 PM
 #47

give away again  Grin but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all.

quite worrying if the amount of coins is too much
hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later

1,000,000,000 total supply is not a problem, considering this will be a several-year project.

In case people wonder how the coins will be distributed:
20% - Foundation and dev team
20% - Community give away, bounties and promotions
60% - Block rewards
(subject to change based on feedback)

Code:
/**
 * Get block reward for the given block.
 *
 * @param number
 *            block number
 * @return the block reward
 */
public static long getBlockReward(long number) {
    if (number <= 1_000_000) {
        return 100 * Unit.SEM;
    } else if (number <= 3_000_000) {
        return 50 * Unit.SEM;
    } else if (number <= 7_000_000) {
        return 25 * Unit.SEM;
    } else {
        return 0;
    }
}

A 20% pre-mine dev award?  For just a dPOS coin?

We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it.  But honest feedback is that 20% seems quite high based on the information we currently have.

Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer?  Or is the idea that holders outside the top 100 will pool their votes?  How would they do that if they don't know each other?  By voting a pool wallet as delegate?

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September 08, 2017, 04:06:12 PM
 #48

Test RESTful API Test successfully, no problem. Being Test Test Delegate, vote for me! lol  Grin
In addition, all functions in the menu bar are not active. Includes: Backup wallet, exit, about.

semux
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September 08, 2017, 04:14:39 PM
 #49

A 20% pre-mine dev award?  For just a dPOS coin?

We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it.  But honest feedback is that 20% seems quite high based on the information we currently have.

Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer?  Or is the idea that holders outside the top 100 will pool their votes?  How would they do that if they don't know each other?  By voting a pool wallet as delegate?

Thank you for your input! A couple of points:

1. The consensus algorithm is dBFT instead of dPOS, though I agree that it shares many properties with dPOS.

2. The 20% dev funds will not be used for minting unless it's necessary to secure the network. It means that the community will own the majority of total circulation at least initially.

3. YES, top coinholders will vote for themselves if they are rational, and richer people will get richer. But we expect the rich people of semux to be pools, voted by public, which is no different from the bitcoin mining in terms of coin distribution.

4. If no pool is set up before we launch our mainnet, the foundation will set up an official pool.


   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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September 08, 2017, 04:23:17 PM
 #50

hopefully everything goes smoothly, and I think we all hope to get what has been awarded, I will try it hopefully can succeed and hopefully survive and success, congratulations on the duty of the team

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the grandpa of cryptos


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September 08, 2017, 05:46:24 PM
 #51

coin built on java? im sold. i will set up server for this later on today, hopefully the step by step is easy enough to follow

yolo
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September 08, 2017, 05:54:33 PM
 #52

Thank's, just got 1200 coins!
semux
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September 08, 2017, 10:26:49 PM
 #53

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency!  Sad

Semux Team


UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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September 08, 2017, 11:37:14 PM
 #54

I'm updating now dev. Will I be able to import my old wallet?

   SEMUX   -   An innovative high-performance blockchain platform  
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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September 09, 2017, 12:29:51 AM
 #55

i update  link for everyone , i found Semux v1.0 Alpha released this a day ago
link download https://github.com/semuxproject/semux/releases
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September 09, 2017, 12:36:22 AM
 #56

Semux going to hit the world real soon. i love this coin

⚡ Semux  ●  Free Airdrop  ●  NO ICO  ●  First Java-based BFT Blockchain (https://bitcointalk.org/index.php?topic=2159012.0)
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September 09, 2017, 12:42:44 AM
 #57

This is great, I'm interested in participating
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September 09, 2017, 12:55:45 AM
 #58

Please join our gitter channel if you're participating in the testnet program:

https://gitte[Suspicious link removed]/semuxproject/testnet

Also, follow our twitter:

https://twitter.com/semuxproject

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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Crypto-Games.net: Multiple coins, multiple games


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September 09, 2017, 02:59:37 AM
 #59

Hi All,

Due to a critical software bug, the network stopped progressing as the number of delegates increases.

We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047).

Sorry for this emergency!  Sad

Semux Team


UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.

 I use the new clients . The block hold in 5048. Anybody same as me?


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bantalguling
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September 09, 2017, 03:26:30 AM
 #60

whether this project will be held in the way you want to do and if this project can be in bounty to develop the coin from the project

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