[ANN][SEM] Semux - Official Thread

[TheKryptonian]

give away again   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?

[1714975431]

1714975431

[1714975431]

1714975431

[1714975431]

1714975431

[phucdigan]

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

[semux]

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.

[annazaitun87]

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

[forzendiablo]

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

[semux]

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!  

Semux Team


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

[mdodong]

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

[1x12ty]

i update  link for everyone , i found Semux v1.0 Alpha released this a day ago
link download https://github.com/semuxproject/semux/releases

[semux]

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

[yanlap]

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!  

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?

[bantalguling]

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

[nagatraju]

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! 

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?

Yes, Same problem here.  Is there any Fix for it?

[semux]

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!  

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?

Yes, Same problem here.  Is there any Fix for it?

Thank you guys for the feedback!

For everyone, make sure you download the latest version of the Semux wallet. If you're NOT at block #5047 (as shown on the home panel), please delete the database folder and re-sync. After that, please keep you wallet open if you're a delegate.

We only need 4 more delegates to complete these steps, so we can resume normal operation. All our seed nodes are ready and waiting.

Let work together to solve this issue.

Best,
Semux Dev

[CosaNostra]

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!  

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?

Yes, Same problem here.  Is there any Fix for it?

Thank you guys for the feedback!

For everyone, make sure you download the latest version of the Semux wallet. If you're NOT at block #5047 (as shown on the home panel), please delete the database folder and re-sync. After that, please keep you wallet open if you're a delegate.

We only need 4 more delegates to complete these steps, so we can resume normal operation. All our seed nodes are ready and waiting.

Let work together to solve this issue.

Best,
Semux Dev

Sorry, I was sleeping...
Updated all now, let's rock! 

[caex]

the same all the time re-sync

[Weblux]

http://i64.tinypic.com/2rr3y3c.jpg
the same all the time re-sync

how do you manage to have over 1200,000sem in your wallet?

[soulful100]

I just installed and booted up the wallet, how long would the sync take though?

[phucdigan]

Upgraded wallet and back link, awaiting re-sync .... Block current: 5047 

[Weblux]

I just installed and booted up the wallet, how long would the sync take though?

3min top

[phucdigan]

Block stuck in the 5047. Although has upgraded to a wallet. Can anyone explain me? Thanks a lot!