[ANN][SEM] Semux - Official Thread

[vejonkaren]

I just leave it here

https://bitcointalk.org/index.php?topic=5174615.0

https://bitcointalk.org/index.php?topic=5169364.0

[1714190357]

1714190357

[1714190357]

1714190357

[1714190357]

1714190357

[The Catcher in the Rye]

In another words you said: "This is unique, but idk why"  
And? Java is old well know language. They didnt invented Java as like as this made Vitalik and Gavin Wood (Solidity for Ethereum).

Why java
They chose Java because it's a popular language with huge community and reliable networking libraries which is critical for 100 validators being communicating with each other all the time.
If you check the history of commits, you'll see that large part of codebase has been developed by community members. semuxgo started this project back in 2017 and on mainnet launch in 2018 many other Java developers and blockchain enthusiasts joined the project: cryptokat, orogvany, witoldsz, phash, honeycrypto, mdodong.

Why semux is unique

• as mentioned above, semux is not a fork and its codebase written from scratch. So it's literally genuine software.
• they developed own modification of BFT consensus [1] which makes Semux faster than competitors like Ethereum: 15 tps vs 166 tps semux
• semux is censorship-resistant, 2/3 of validators is enough to keep the network live. Imagine if due to escalation of China-USA trade war [2] one of these countries will decide to isolate the internet completely. For coins like Bitcoin or Ethereum this will be a disaster, there will be no transactions in weeks or months due to high difficulty and low hashrate. But Semux will continue working with no issues (unless there is no more than 33% validators in China, but this is not the case - see the map [3]
• high passive income, at the moment 36% yearly yield; one of the highest in crypto industry
• according to semux roadmap [4], the project features not only Semux BFT consensus, but also Virtual Machine and On-Chain governance. So Semux took the strongest features of Bitcoin + Ethereum + Tezos and added more on top.
• No ICO, no IEO, no crowdfunding - in 2019 when every project seeks for our money, this already sounds extraordinary
• Semux is one of few projects driven by international community, so there is no force in the world which can shut it down like centralised projects baked by corporations (EOS, TRON, ETH, and almost all the other cryptos except Bitcoin).

[1] https://github.com/semuxproject/semux-core/blob/master/docs/Semux-BFT-Consensus.md#semux-bft-specifications
[2] https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_war
[3] https://semux.info/delegates
[4] https://www.semux.org/#roadmap

Very nice.
And I have a single question, for now, Semux can handle approximately around 166 tps as you said, so will they improve our current transaction speed in the future?
and what will they do to improve it? (will we change its codebase based on Jave to another thing?) because if we do not find a way to increase its capacity to do the transaction, it is not going to be sustainable if we are only rooting for this to match up with other competitors.
such as waves, for example, they can go for a thousand using bulk-transfers and else.

I think they are going to use VM for a cheaper transactions with lower than 0.005 SEM fee.
Looks like up to some point just increasing of max gas per block can increase TPS:
https://github.com/semuxproject/semux-core/commit/8c5eb8325d908652307a363a5eb5cc4376a915e4

[DMDCreeper]

I think its time to buy some semux, easy bounce from 1k to 5k.

In fact, someone bought 80K SEM in Stex in last few days. Also there been one instant pump to 4000 sats. ASK is so weak now, maybe accumulation is over.

[gost111]

a bit of news  https://twitter.com/semuxproject/status/1161709654902235136 

[Diegox]

Semux v2.0.0 Release Candidate #3

Backup your wallet file, wallet.data, and do a full-sync with the network.
This is a release candidate for both mainnet and testnet. The final 2.0 release (to hardfork the mainnet) is scheduled for August 25, 2019.

https://github.com/semuxproject/semux-core/releases/tag/v2.0.0-rc.3

[Houndirno]

Why java
They chose Java because it's a popular language with huge community and reliable networking libraries which is critical for 100 validators being communicating with each other all the time.
If you check the history of commits, you'll see that large part of codebase has been developed by community members. semuxgo started this project back in 2017 and on mainnet launch in 2018 many other Java developers and blockchain enthusiasts joined the project: cryptokat, orogvany, witoldsz, phash, honeycrypto, mdodong.

Why semux is unique

• as mentioned above, semux is not a fork and its codebase written from scratch. So it's literally genuine software.
• they developed own modification of BFT consensus [1] which makes Semux faster than competitors like Ethereum: 15 tps vs 166 tps semux
• semux is censorship-resistant, 2/3 of validators is enough to keep the network live. Imagine if due to escalation of China-USA trade war [2] one of these countries will decide to isolate the internet completely. For coins like Bitcoin or Ethereum this will be a disaster, there will be no transactions in weeks or months due to high difficulty and low hashrate. But Semux will continue working with no issues (unless there is no more than 33% validators in China, but this is not the case - see the map [3]
• high passive income, at the moment 36% yearly yield; one of the highest in crypto industry
• according to semux roadmap [4], the project features not only Semux BFT consensus, but also Virtual Machine and On-Chain governance. So Semux took the strongest features of Bitcoin + Ethereum + Tezos and added more on top.
• No ICO, no IEO, no crowdfunding - in 2019 when every project seeks for our money, this already sounds extraordinary
• Semux is one of few projects driven by international community, so there is no force in the world which can shut it down like centralised projects baked by corporations (EOS, TRON, ETH, and almost all the other cryptos except Bitcoin).

[1] https://github.com/semuxproject/semux-core/blob/master/docs/Semux-BFT-Consensus.md#semux-bft-specifications
[2] https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_war
[3] https://semux.info/delegates
[4] https://www.semux.org/#roadmap

It's clear about VM and smart contracts, but what about on-chain governance? Did devs share more details about this?
What problems do they want to solve with on-chain governance and how will it be technically implemented?

[CryptTech]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

[gost111]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3 

[CryptTech]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3 

What about design of wallets?
This is part of the plan in near future?

[gost111]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3 

What about design of wallets?
This is part of the plan in near future?

about the design do not know, and what you are not satisfied with this ,everything is simple and functional , I think new pictures and graphics will not improve performance ,the main thing that inside and not outside 

[CryptTech]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3  

What about design of wallets?
This is part of the plan in near future?

about the design do not know, and what you are not satisfied with this ,everything is simple and functional , I think new pictures and graphics will not improve performance ,the main thing that inside and not outside  

The top crypto-currencies have beautiful wallets, I would say differently, it's nice to have a beautiful wallet in my pocket, this is important for many people going shopping to the store, as well as clothes and a car, etc..
Technically, I like everything  

[DrBeer]

Hello
Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

There are 2 ways to solve this problem:
1. Use the stable version 1.4 (it is better to remove the blockchain and download it completely, it is approximately 1.5-2 hours)
2. Use 2.0.0 RC 3, and in the same way, delete and download on the new blockchain.

The problem in one block in the blockchain

[gost111]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3  

What about design of wallets?
This is part of the plan in near future?

about the design do not know, and what you are not satisfied with this ,everything is simple and functional , I think new pictures and graphics will not improve performance ,the main thing that inside and not outside  

The top crypto-currencies have beautiful wallets, I would say differently, it's nice to have a beautiful wallet in my pocket, this is important for many people going shopping to the store, as well as clothes and a car, etc..
Technically, I like everything  

Perhaps you are right , the new design would have a beneficial effect on marketing , let's see maybe after the 25th in the new version, the developers will take the time and do the design 

[CryptTech]

Hello

Need to work on design of wallets and make a normal synchronization, blocks stand at ~95%, helps downloaded mainnet base

with the current version of the wallet 1.4.0 there are no problems with synchronization , in version 2.0.0 this problem was solved in the release of rc3  

What about design of wallets?
This is part of the plan in near future?

about the design do not know, and what you are not satisfied with this ,everything is simple and functional , I think new pictures and graphics will not improve performance ,the main thing that inside and not outside  

The top crypto-currencies have beautiful wallets, I would say differently, it's nice to have a beautiful wallet in my pocket, this is important for many people going shopping to the store, as well as clothes and a car, etc..
Technically, I like everything  

Perhaps you are right , the new design would have a beneficial effect on marketing , let's see maybe after the 25th in the new version, the developers will take the time and do the design 

Perfectly! 

[gost111]

Posted a new version of the wallet Semux v2.0.0 (Pre-release)
Backup your wallet file, wallet.data, and do a full-sync with the network.
https://github.com/semuxproject/semux-core/releases
as well as a warning from the developers

orogvany
@here A gentle reminder: please be aware with 2.0.0 that if you hold funds on an exchange, and they do not upgrade their node in time, your funds will be stuck until they update.  E.g. move your funds to a safe place before fork for safety.
We have contacted the exchanges to let them know update is coming/here, but it is out of our hands as to when they do the update

more details in the official channel discord
 

[DrBeer]

I noticed that the last week, the payment from the delegate began to decrease. At the same time, the number of votes from me is growing a little, and daily payments are falling. At the beginning of the week, on average, there were 5.0-5.4 SEM now 4.6-4-9. What can this be connected with?

[Warfare]

New version of the wallet: Semux v2.0.1 released just 16 minutes ago.
https://github.com/semuxproject/semux-core/releases

A hotfix to the launch script issue #253.

[xnightly]

I noticed that the last week, the payment from the delegate began to decrease. At the same time, the number of votes from me is growing a little, and daily payments are falling. At the beginning of the week, on average, there were 5.0-5.4 SEM now 4.6-4-9. What can this be connected with?

Yeah was wondering why profit from pools has went from > 0.9 per 1000 to < 0.9. It happened within few months ago. Did something change?

[gost111]

I noticed that the last week, the payment from the delegate began to decrease. At the same time, the number of votes from me is growing a little, and daily payments are falling. At the beginning of the week, on average, there were 5.0-5.4 SEM now 4.6-4-9. What can this be connected with?

Yeah was wondering why profit from pools has went from > 0.9 per 1000 to < 0.9. It happened within few months ago. Did something change?

Because the number of votes and the number of participants on the pool increases , the pool produces a certain number of blocks per day and with an increase in votes and participants ,the income from it falls 

[DrBeer]

I noticed that the last week, the payment from the delegate began to decrease. At the same time, the number of votes from me is growing a little, and daily payments are falling. At the beginning of the week, on average, there were 5.0-5.4 SEM now 4.6-4-9. What can this be connected with?

Yeah was wondering why profit from pools has went from > 0.9 per 1000 to < 0.9. It happened within few months ago. Did something change?

Because the number of votes and the number of participants on the pool increases , the pool produces a certain number of blocks per day and with an increase in votes and participants ,the income from it falls 

This is understandable and logical. But the delegate for whom I vote, I did not notice any noticeable changes in the amount of votes, at least there was no increase of 10-15% to explain the current decrease in payments.