[ANN] Fastcoin - FST - The Fastest coin so far in the market - is launched!!

[remistevens]

FSTers**** WE HAVE the blockchain indexing! Just started. wowowow. No forks, no problems.
Money supplies counter also working.

Check:
https://www.blockexperts.com/fst

Thank you fastcoin-ok for the update,

Yes this is all very good news, and we encourage all community members to check the NEW FastCoin Block Explorer.  

Please also note, that the FastCoin CORE Dev team is very interested with the activity that is going in this forum including the recent troubleshooting debate going on with respects to max transaction sizes etc.

We understand and appreciate the following members almightyruler, Stouse49, vampirus and forgive me if I forget to mention others, are senior Bitcointalk forum members and we appreciate and respect their inputs and findings.

Rest assured, this issue will have the appropriate amount of attention given to it by the FastCoin CORE team as they continue to remain focused on higher priority items at the moment.  Please also note, that this is an open source initiative and we encourage any community member who feels they may contribute a meaningful solution to this problem to please feel free to do so.

Please remember that the FastCoin CORE Dev team although we feel are exceptional, are people too, and can only focus on a given task at any given moment.  I am also sure that I sound like a broken record by now, however it would be much better to follow the troubleshooting sequence of this thread at www.fastcointalk.org as we can create subheadings more appropriate to the context of the issue at hand.

Much thanks to everyone again as we look forward to more exciting news ahead ;-)

Best Regards

Fast

Thanks for your work, I look forward to the news.


There still seems to be a problem with the block explorer, could you confirm? The Rich List is showing the largest wallet at 143k FST (only about 0.1% of supply). No way can that be accurate when ppl are placing sell orders in the hundreds of thousands on livecoin either. Livecoin would definitely have wallets much larger than 0.1% of supply.

it's still indexing, if you refresh every minute you will see diff amount in richlist and current block height
money supply showing just over 2 million, when is currently prob around 120 million

seems to be moving quite quick so in a matter of hours would think will be up to speed or by tomorrow latest

Awesome! Thanks for the reply and setting that up!

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[Guido]

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

[fastcoin-ok]

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I guess also that as they migrated to new servers, they have huge backlogs between all their host coins, because previous time (with the old server) it took a while to roll first 2-3 mils blocks.

[jukKas]

Just founded this coin and wondered how this has been such secret. Website and wallet looks very good!

[Guido]

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I guess also that as they migrated to new servers, they have huge backlogs between all their host coins, because previous time (with the old server) it took a while to roll first 2-3 mils blocks.

not good or bad...... priceless. 

[Koover]

I wanted to say thank you to all in the Fastcoin comunity!  Not many coins have an active great group of followers and I think it says alot about the future of Fastcoin.  FST is by far my favorite cryptocurrency and I cannot wait to ride it to the moon with you all! 

[Koover]

Just founded this coin and wondered how this has been such secret. Website and wallet looks very good!

I think the amount of coins created early in Fastcoin life held it back.  We have moved beyond that phase and coins are mostly in stronger hands now.  It's the perfect storm with speed of transactions and truly decentralized cryptocurrency needed.  Lots of ICOs with greedy Devs and questionable use case are all the rage right now but Fastcoin time is coming!!

[almightyruler]

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I'd say the other way around. FST is a real resource hog. On my server the FST client consumes a whopping 3.7GB of RAM, which is by far the most of any of the clients I run. For comparison, the Bitcoin client only uses 0.6GB (although, to be fair, BTC does use much, much more disk space)

Because of the huge number of blocks a sync or rescan can take several days, at high CPU load.

I surveyed the last 500 blocks in the FST blockchain and over 96% have no additional transaction beyond the miner reward. The tradeoff for fast transactions is that the blockchain continues to grow to excess, with mostly empty blocks being issued every 12 seconds.

Some coins have toyed with limiting the block creation rate (and therefore blockchain bloat) by only permitting new blocks when a certain time period has elapsed, or there are a certain number of transactions in the mempool. So you could have a default block period of 1 or 2 minutes, EXCEPT when there's a transaction that's moving through, which will cause a more rapid block creation rate. This would greatly increase the average transaction density of each block. I just don't see how such a resource hungry coin can be sustained without any changes in the near future.

[Guido]

we have an android wallet I think?  I use Fastcoin core

there will always be a core of supporters and diehards, miners and devs who will run nodes and qt wallets so sorted. strengthens network

lite wallets can be sorted in time

more people running full nodes in early days better
bitcoin wallet is a pig to download and uses up half my laptop memory but people still run it for security, core, same as fst

i have used everything, multibit, all series, electrum, only really safe with the core
multibit notorious for sending too small fee etc for btc, then you got problems

I think we're in great position

would like to see some new commits at git i believe dev team are underway with some things

at end of day FST team have always been here, never left the boat, in past month or two, we have a new website, new block explorer, new videos, constant comms, we should be very grateful, they don't get paid! they don't owe us anything
many devs walk, or you don't hear from for weeks, months , some coins, many actually devs just scam the community, not fastcoin
we're a community so if people want to contribute, graphics, new sites, domains, coding , social media, get involved!

we see min 20 cents FST this year, minimum
FST is such a strong alt, wildly underpriced

[fastcoin-ok]

tell a lie, will take a couple days more at this rate to fully index
close to 10 million blocks, we have done under 250k
getting there

deepest blockchain in crypto universe to sync here

"deepest blockchain in crypto universe to sync here" = good or bad? (I guess the first).

I'd say the other way around. FST is a real resource hog. On my server the FST client consumes a whopping 3.7GB of RAM, which is by far the most of any of the clients I run. For comparison, the Bitcoin client only uses 0.6GB (although, to be fair, BTC does use much, much more disk space)

Because of the huge number of blocks a sync or rescan can take several days, at high CPU load.

I surveyed the last 500 blocks in the FST blockchain and over 96% have no additional transaction beyond the miner reward. The tradeoff for fast transactions is that the blockchain continues to grow to excess, with mostly empty blocks being issued every 12 seconds.

Some coins have toyed with limiting the block creation rate (and therefore blockchain bloat) by only permitting new blocks when a certain time period has elapsed, or there are a certain number of transactions in the mempool. So you could have a default block period of 1 or 2 minutes, EXCEPT when there's a transaction that's moving through, which will cause a more rapid block creation rate. This would greatly increase the average transaction density of each block. I just don't see how such a resource hungry coin can be sustained without any changes in the near future.

Almighty and other software experts, this thing needs to be addressed here....
http://www.fastcointalk.org/index.php/topic,1116.0.html

[fastcoin-ok]

We all noticed how slow the indexing process has become compared to the previous one when they operated on the old server. But here's a nice point on behalf of Blockchain Expert:

"Hi, Thank you.
I added transaction verification to the indexing script.
This is making the indexing a bit slower but adds more security for blockchains that might fork.
This indexing script is for all block explorers and not only fastcoin."

[Zimtente]

Well spotted, vampirus and Stouse49.

I wonder if all these inconsistent size limits are the reason that the couple of blocks I successfully mined seem to have been rejected by the network. The first was orphaned immediately, but with the second, other people's blocks continued to be received from the network (as orphans), until about 5 minutes later, when a reorg quietly orphaned the block I'd found. It seemed unusual that my client went off on its own fork, and didn't immediately recognise the other blocks as being on a better chain.

I guess that some clients may accept a larger block (or a block with large transactions) as normal, whereas others (running a different version) may outright reject it. If so, we may have had a temporary fork as one set of miners extended the "main" chain, and another (running a different version) extended "my" chain. That would explain why it took a few minutes to reach a consensus and cleanly override the block I mined.

how to solve this issue? is that something devs can fix in there code? just want to be sure my transactions are going through ;-P

thanks

[fastcoin-ok]

Plain and simple FACTS:
https://steemit.com/fastcoin/@remistevens/the-case-for-fastcoin-fst
Tell it to the world of crypto, both newbies and veterans.

[EdithS]

Well spotted, vampirus and Stouse49.

I wonder if all these inconsistent size limits are the reason that the couple of blocks I successfully mined seem to have been rejected by the network. The first was orphaned immediately, but with the second, other people's blocks continued to be received from the network (as orphans), until about 5 minutes later, when a reorg quietly orphaned the block I'd found. It seemed unusual that my client went off on its own fork, and didn't immediately recognise the other blocks as being on a better chain.

I guess that some clients may accept a larger block (or a block with large transactions) as normal, whereas others (running a different version) may outright reject it. If so, we may have had a temporary fork as one set of miners extended the "main" chain, and another (running a different version) extended "my" chain. That would explain why it took a few minutes to reach a consensus and cleanly override the block I mined.

how to solve this issue? is that something devs can fix in there code? just want to be sure my transactions are going through ;-P

thanks

Thanks for your info on this Zimtente,

If I can chime in here a bit, just wanted you and everyone to know that I am not a technical expert, however I can say that I have been using Fastcoin for over a month now and I have had no issues sending and receiving coins in and out of my wallet.  I have purchased coins on both Exchanges https://www.livecoin.net/ and https://www.cryptopia.co.nz and all of my transactions have processed correctly each and every-time.

I did find the following post within the Fastcointalk.org forum

http://www.fastcointalk.org/index.php?topic=1116.msg6657#msg6657

that you may find useful in understand a bit more on how transactions are being processed and what makes Fastcoin different from Bitcoin for example.

All my Best
Edith

[Lalaland122]

Only Pow? No Pos?

[Robb1649]

I think we need to take advantage of the rapid price drop of Bitcoin and other coins. In my opinion, it could be huge for our coin to use this and get it out there

[fastcoin-ok]

I think we need to take advantage of the rapid price drop of Bitcoin and other coins. In my opinion, it could be huge for our coin to use this and get it out there

I quote you, and I only add up that when one is selling for 50-100$ gain, just think to those who did so with BTC when it went from 0.1 to 0.2$: "wow, a 100% gain, I'm running happy to the bank", LOLOLOL

[ziiip]

Is it possible to sync completely from block 1 without downloading a copy of the chain from google drive?

Just to clarify, I am able to sync the chain if I download the google drive link.

But things like this need to be fixed if the coin should do well 

UpdateTip: new best=1d95c2e80382e5b6f25a1469e33bc6d798d1447799905cf17279544be8f93539  height=2990297  log2_work=52.447406  tx=3795819  date=2014-08-09 22:26:54 progress=0.126172  cache=109199
UpdateTip: new best=747d1a590c3bb2dcb46c1bf28cea0da2ee7f9916a77fb23f3491e04a877f95f5  height=2990298  log2_work=52.447407  tx=3795820  date=2014-08-09 22:26:58 progress=0.126172  cache=109200
UpdateTip: new best=b9321bd192998c7adc53ace541ecae0109de71c2e016d95230cd0fd011a3b621  height=2990299  log2_work=52.447407  tx=3795821  date=2014-08-09 22:27:39 progress=0.126172  cache=109201
UpdateTip: new best=22fb3378b36265014d4348ebd0f7eced39c0002526cb1faf466654cc808d9006  height=2990300  log2_work=52.447408  tx=3795823  date=2014-08-09 22:27:49 progress=0.126172  cache=109197
UpdateTip: new best=07a00e4346f6c3ac839209668f9fa31375f52e96aefdba5fe41cd651638aaa68  height=2990301  log2_work=52.447408  tx=3795824  date=2014-08-09 22:28:16 progress=0.126172  cache=109198
UpdateTip: new best=40edc0c5159278fcb5c2ff968b67ebf066451d3564fed6cf83492321f01630c3  height=2990302  log2_work=52.447408  tx=3795825  date=2014-08-09 22:28:24 progress=0.126172  cache=109199
UpdateTip: new best=05e5ed1ff5437584b25cc197cc716573f296a1c7096d048d3a5cab7cd6455181  height=2990303  log2_work=52.447409  tx=3795826  date=2014-08-09 22:28:36 progress=0.126172  cache=109200
UpdateTip: new best=7825d0723a6d3200019ba4dc9ad4bc7d511586a6fa76b3acedc1b74d64276e59  height=2990304  log2_work=52.447409  tx=3795827  date=2014-08-09 22:30:03 progress=0.126172  cache=109201
UpdateTip: new best=4e01709e5c084bdae9adfc51f0eec0a8db533992b2bcfe5dd979c5d4a504f00e  height=2990305  log2_work=52.44741  tx=3795829  date=2014-08-09 22:31:07 progress=0.126172  cache=109203
UpdateTip: new best=083f7168a31f5c222df1976db96d3a36b3c1d372a280bc7ca846c57194f00945  height=2990306  log2_work=52.44741  tx=3795830  date=2014-08-09 22:31:38 progress=0.126172  cache=109204
ERROR: ContextualCheckBlock : block height mismatch in coinbase
ERROR: ProcessNewBlock : AcceptBlock FAILED

[makemefly]

Newbie here need help. Can't sync the wallet on windows, plus wallet on android failed to be installed, any solution or help please?

[fastcoin-ok]

Newbie here need help. Can't sync the wallet on windows, plus wallet on android failed to be installed, any solution or help please?

You must install the client (wallet) without installing the blockchain.
Close the wallet AND download the blockchain.
Follow all the steps described here on the dedicated FST forum:

http://www.fastcointalk.org/index.php/topic,1112.0.html