[ANN][SEM] Semux - Official Thread

[lda1000]

i think that having only 100 validators is a centralised way to look at this business. but hell btc does not have 100 pools at the moment  

Bitcoin is very poorly decentralized and currently mined by only 16 pools. 6 of these pools account for 81.5% of the blocks in the last 24h.
So if we compare Semux it's actually very good decentralisation of mining and also gives all people a chance to participate via the delegate pools.

[majestymage]

i think that having only 100 validators is a centralised way to look at this business. but hell btc does not have 100 pools at the moment  

Bitcoin is very poorly decentralized and currently mined by only 16 pools. 6 of these pools account for 81.5% of the blocks in the last 24h.
So if we compare Semux it's actually very good decentralisation of mining and also gives all people a chance to participate via the delegate pools.

agree but even 100 is still a small number on the global scale...but of course this can be changed if it will be necessary.

[Phash2k]

i think that having only 100 validators is a centralised way to look at this business. but hell btc does not have 100 pools at the moment  

Bitcoin is very poorly decentralized and currently mined by only 16 pools. 6 of these pools account for 81.5% of the blocks in the last 24h.
So if we compare Semux it's actually very good decentralisation of mining and also gives all people a chance to participate via the delegate pools.

agree but even 100 is still a small number on the global scale...but of course this can be changed if it will be necessary.

there is a discussion going on on discord and between devs, to increase the number of validators in the future.
They want the community to decide, but first VMs will be introduced!

[mdodong]

i think that having only 100 validators is a centralised way to look at this business. but hell btc does not have 100 pools at the moment  

Bitcoin is very poorly decentralized and currently mined by only 16 pools. 6 of these pools account for 81.5% of the blocks in the last 24h.
So if we compare Semux it's actually very good decentralisation of mining and also gives all people a chance to participate via the delegate pools.

agree but even 100 is still a small number on the global scale...but of course this can be changed if it will be necessary.

there is a discussion going on on discord and between devs, to increase the number of validators in the future.
They want the community to decide, but first VMs will be introduced!

Scaling the number of validators is trivial. The challenge here is with the bottlenecks during consensus. The Semux BFT consensus would need 2/3 of the participants to agree on the block proposal for it to be valid and forged otherwise the network will get stuck. As you scale the network factors like bandwidth and other bottlenecks will become more pronounced. As always we are striving to have  a balance between Decentralization and practical performance. We will adjust accordingly.

[sailthor]

Semux is listed on CoinRanker. Your platform for streaming real time cryptocurrency prices: https://www.coinranker.net/cryptocurrency/semux

Although Semux has already listed several small exchanges, I don't think it is enough. To be honest, these small exchanges, especially stocks.exchange, are not easy to use, where the fees are too high, and the volume of transactions very small.

More exchange listing will happen post semux VM launch. Now that we have experience with exchange listing and API integration it will be much easier listing on other exchange when the time comes. Hang in there. 

It isn't the experience you're missing, its the exchanges willing to list

[TheCrimsonFucker]

VM will be enough to raise SEM prices in this current market? No matter what happens, I'll win in both situations! If you drop more than this, I'll get that cheap gem or appreciate it's just enjoy the moment!

[sailthor]

VM will be enough to raise SEM prices in this current market? No matter what happens, I'll win in both situations! If you drop more than this, I'll get that cheap gem or appreciate it's just enjoy the moment!

No, it isn't. Smart contracts in the crypto space aren't even being used

[esprit577]

Is there a time frame for a total reduction plan?I don't know if the 100 million total is too much, but if more exchanges are listed, it can diversify the supply of transactions, and a single exchanges doesn't tell the whole story.

[Benjamin2503]

Semux is listed on CoinRanker. Your platform for streaming real time cryptocurrency prices: https://www.coinranker.net/cryptocurrency/semux

Although Semux has already listed several small exchanges, I don't think it is enough. To be honest, these small exchanges, especially stocks.exchange, are not easy to use, where the fees are too high, and the volume of transactions very small.

More exchange listing will happen post semux VM launch. Now that we have experience with exchange listing and API integration it will be much easier listing on other exchange when the time comes. Hang in there. 

Of course new exchanges are always good. But in this case, with such a market, probably the right strategy will not be in a hurry with the addition of new exchanges. Our time will come, it is yet to come

[mdodong]

semux project will turn 1 year tomorrow(Septermber 8, 2018)...so many things happened and more to come!

Cheers!

[logictense]

Semux is listed on CoinRanker. Your platform for streaming real time cryptocurrency prices: https://www.coinranker.net/cryptocurrency/semux

Although Semux has already listed several small exchanges, I don't think it is enough. To be honest, these small exchanges, especially stocks.exchange, are not easy to use, where the fees are too high, and the volume of transactions very small.

More exchange listing will happen post semux VM launch. Now that we have experience with exchange listing and API integration it will be much easier listing on other exchange when the time comes. Hang in there. 

Of course new exchanges are always good. But in this case, with such a market, probably the right strategy will not be in a hurry with the addition of new exchanges. Our time will come, it is yet to come

Of all exchanges that u have seen during ur life, only semux exchange was able to lift ur attention and worship ur body. U dont know what to do now. Running exchange is not an easy task and requires patience as well skills in personnel management and frontend engineering. If u give it a shot now u will fail as u are a rookie. Wait and see what happens.

[esprit577]

semux project will turn 1 year tomorrow(Septermber 8, 2018)...so many things happened and more to come!

Cheers!

Time passed quickly and semux was born a year ago, a memorable moment, and the journey is just the beginning.The road ahead will be long and I believe sem will be a unique existence.

[Phash2k]

semux project will turn 1 year tomorrow(Septermber 8, 2018)...so many things happened and more to come!

Cheers!

the right moment to introduce my semux discord bot
with wallet! try it out!
https://discord.gg/4Dhh9Eu

[samlaode]

semux project will turn 1 year tomorrow(Septermber 8, 2018)...so many things happened and more to come!

Cheers!

Time passed quickly and semux was born a year ago, a memorable moment, and the journey is just the beginning.The road ahead will be long and I believe sem will be a unique existence.

1 year period is not long but not short. Many things exist and many things disappear, the market is always moving. I hope Semux will be successful and become one of the main coins have a great influence on the cryptocurrency market.

[Ryuuma]

I look forward to coming to a new exchange.When that day comes, we will see the real value for Semux.  I do not think we can see it in a Stocks.Exchange.

[Darthswan]

1 year, I hope that this is just a small start to a long journey. 

[tyz]

I look forward to coming to a new exchange.When that day comes, we will see the real value for Semux.  I do not think we can see it in a Stocks.Exchange.

In the meanwhile I came to the point to see that we need a better exchange. Stocks.exchange charges a lot of fees. Deposit fees and also very high withdrawal fees. Last time I paid $12 withdrawal fees (around 0.002 BTC). That is inacceptable.

[FakeAccount]

Happy Birthday Semux!
You are now a toddler, not an infant anymore 

[hankrules]

Happy Birthday Semux!
You are now a toddler, not an infant anymore 

Wow.  A year already.  Once this market swings back up, SEM will be looking strong.

[September11Myth]

Semux project looks good indeed, except for the discussion on this thread, which is of very low level. Should anybody have to judge Semux from the level of the discussion on the Semux bitcointalk thread, OMG...
(my own post is not much better BTW)