[ANN][SEM] Semux - Official Thread

[marv1n]

Amazing to see marketed projects like Tron and EOS get so much glory, while something better like Semux stays under the radar.

I think they had a lot of hype at the start. Marketing just does its job. And in the future, still only worthwhile projects will live. I hope Semux will be among the winners.

on the first sight Tron looks like same as Semux
- Tron is also written in java
- dPOS consensus
- Ethereum compatible virtual machine/smart contracts, already implemented!?

as i can see there some differends
First of all, Tron is funded by an ICO <-> Semux 100% community driven, no ICO.
- Supply: Tron use higher supply 99.000.000.000 TRX. <-> Semux 100.000.000 SEM
- Transaction speed: Tron claims 10.000 transactions per second, i don't know if its true. Semux 5000 per Block !?
- Marketing: Tron has huge Asian Marketing army with lot of promises for the future, i'm not a fan of this kind of hyping but seems to be working when you see partnerships <> Semux has low or nearby no marketing and very focusing on Devlopment. I think Semux need more marketing and partnership in the future to spread out for success.
- Core Devlopmenting: both very active according to github, Tron 7383 Commits by 69 Contributors and Semux 2159 by 9 Contributors. In my opinion you can see here how hard is Semux devs working reach this with quite less poeple.

If i forgot something, let me know.

[monsanto]

I've noticed that with the 100 validators it looks something like:

validator position 1, mined blocks: 100,200,300,...
validator position 2, mined blocks: 101,201,301,...
validator position 3, mined blocks: 102,202,302,...

and so on, so that the position of the validator (1-100) is associated with specific block numbers that repeat every 100 blocks.

Because of this, might it be possible to time transactions so that they are mined by specific validators? One other requirement for this idea would probably be that block size capacity isn't near full usage. But if that's the case, eventually you could have wallets that allow you to choose which specific validator you want to validate your transaction, and therefore who would get your tx fee. There could be many reasons for doing this. If someone wanted to start a semux payment gateway, they could buy a validator and batch their transactions so that it only sends transactions when the block will be mined by its own validator. Or they could offer discounts on tx fees if people time their transactions for specific 100 block intervals. With 30 second block times and a single target validator, at most you'd have to wait 50 minutes to get the validator you wanted. Of course each additional validator involved would cut that time in half, and a wallet could take care of validator selection automatically.

Perhaps there might also be a way to have dark validators that provide tx mixing if you send your tx through their validator. With the addition of a smart contract system validators might even offer benefits, sent as tokens, to addresses that frequently transact through their validators. Imagine a semux wallet with a menu of various benefits available by using specific validators  

I'm not necessarily advocating for this, just wondering if there is something about the consensus protocol that would make these scenarios impossible  

[holzer]

Amazing to see marketed projects like Tron and EOS get so much glory, while something better like Semux stays under the radar.

Semux has next to zero marketing and isnt listed on any reputable exchanges. Until that changes Semux is going nowhere.

[xibeijan]

- dPOS consensus

I don't think Tron uses BFT and so it does not have transaction finality, which is the huge missing feature point.  Semux wins on this point as it has tx finality after 1 confirmation.

dPOS (which both Tron and Semux have) is OK, but only if you've got BFT and transaction finality does it really become significant.  This isn't a feature Tron can add either.  The network has to be developed from the ground up as a BFT system.  Semux is miles ahead here.

Semux also has the advantage on the decentralization.

Semux has 100 active "delegates" whereas Tron only has 27 active "representatives".

[muf18]

Tendermint achieve transaction finality after 1 (sec) confirmation, and although I don't know how TRON consensus works, they claim their consensus is similar to Tendermint

Reference(s): https://github.com/tendermint/tendermint/wiki/Introduction
https://o836fhe91.qnssl.com/tron/whitebook/TronWhitepaper_en.pdf


Answer about throughput of network:
5000 tx/block means, that there can be 5000 tx per 30 sec window (so ~166.67 tx/s), tested, as I understand.

[lyubomyr]

Amazing to see marketed projects like Tron and EOS get so much glory, while something better like Semux stays under the radar.

If it will be on radar, than will be not easy to in that becouse price will be so high in long term, but now the price is not in good position and going to low and  volume is so low

[TheCrimsonFucker]

Amazing to see marketed projects like Tron and EOS get so much glory, while something better like Semux stays under the radar.

I think Semux is already on the radar and that's why it's convenient for some to get this big coin at these price levels, TRON and EOS do not have any more growth margin, but Semux has a lot of possibilities for valuation.

[crush]

Great to see that the EVM and SEM-Core project are keeping update this week.
In this pace, i believe that decentralized SEM (third version) will be released earlier that i have expected.
Also, at the Q2, 2019, we will for sure be accepted by more exchanges, with more reasonable prices and volume.
Go SEM!

The only thing i am feel not so good is that my post will be deleted without any notification, which i feel not not respected at all!
But is seems that this is nothing with SEM team, bu from bitcointalk i guess.
Anyway, i suggested you guys also check your post counting regularly.

[lyubomyr]

Great to see all the progress here smart contract support coming,

Would like to hear the plans for something like Dash's InstantX over the BFT nodes?

[chichidori]

Tron is trash. Its founder is a con

EOS is also a scam. Such a large amount that they collect on the ICO for development is a scam.

I have read a lot of bad reviews on reddit but still i can`t believe that they have billions of funding then the hype went down after the launch and many believe that it is mostly centralized. Semux is yet to be discovered by the masses and if it does proven that its tech is better that EOS, TRON, and NEO then get ready for the ride.

[Cloudpost]

I request some more consistent weekly updates and please post them on official site and maybe on github somewhere...

[rocoloko]

I request some more consistent weekly updates and please post them on official site and maybe on github somewhere...

blockfolio signals! with this service gaining lot of popularity it would be so helpful 

[Michail1]

They collected more than 3 billion dollars. This is too much, that would not lead to a scandal.

Money leading to scandal?   Never.   

[SilArt]

Do you think it's fine to compare Semux and EOS? At current stage they cannot be compared IMO. EOS has non-anon big dev team and lots of supporters all over the world... Don't get me wrong, I really love Semux but please don't compare these 2 projects.

[Ch1bi]

I really think, this chain will make its' way.
Semux VM is on the run!
Perfect time for betting on semux and running dapps on it's chain

Running Dapps on the Semux chain is definitely being worked on. Just this past week VM calls have been tested. The devs are definitely working hard for Semux to be a success.

[SonaraBeta]

Why didn't I get the coins in 11 weeks? I there is in the list for obtain, I have met all conditions and written posts ( the moderator not deleted my posts) Here is my worded wallet 0xfa1121317762262747d6e1ea4325c5bce82a87d9
SonaraBeta

[crush]

there is a specific thread for the signature, please stop to use the official and use  this link


https://bitcointalk.org/index.php?topic=4894210.100

Thanks for letting us know.
I am shifting there from now on.

[MobyCrypt]

Yes we don`t need more exchanges what we need is promotional and marketing and good review from popular crypto website if were going to aim to get listed we might want it to be listed in the top 5 exchange.

Massive promotional campaign via signatures in the forum has been implemented over months, and will last till December this year.
Personally, more promotions on more channels might be helpful.

I can see it is a very successful campaign, the forum is infested by people wearing the Semux signature. That is what has lead me to this coin.

[Adolf Cryptler]

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.

Does this mean that there is a plan to reduce total coin supply? I didn't check this detail, but I have noticed that ober 90% of total supply is still not circulating.

This is one of the things the team has been discussing internally and will like to put more thought into. If in case we decide to push forward with this idea we will let the community know. For now no decision has been agreed regarding supply reduction.

Which would be the reasons for such a reduction? I hope that the only reason to reduce supply would not be to increase its value - that would be a real low level operation, clearly finalized to some pump and dump. I guess Semux has higher standards and reasons to be than that.

[neutronwave]

Quick question, does semux support multisignature accounts already?