Radix - Tempo Whitepaper

[13Darko]

Is the next test "1 billion txs in 7 days" will start this Monday?

[bitcoinpaul]

It will start the next days.

[Arvydas77]

So, when Radix DLT will start to function publicly and tokens will be available to buy and sell?

[tyKiwanuka]

So, when Radix DLT will start to function publicly and tokens will be available to buy and sell?

Q2/Q3 2018 from what I heard. There is a telegram group you can join, to keep yourself informed: https://t.me/radixDLT

[grandbrad02]

Looking foward to hear more from your projects. Nice work!

[elkrisi]

That's just the start of our scale testing.

Next week we'll be adding more nodes, enabling sharding and shooting for 1 billion in 7 days or less.

From there we'll just keep scaling up the tests with more nodes and higher throughput.

Great news!

As someone on Reddit mentioned Radix is not only about fast transactions, but they're also working on a lot of cool stuff. Check this: https://www.youtube.com/watch?v=pMw7hQ6x2f0&feature=youtu.be
All you need to do is to buy an empty debit card and a debit card encoder, program it and use it in an every-day life. Sellers don't even have to install firmware upgrade to their POS. No intermediaries, no excessive fees or whatsoever. Very cool indeed.
 
Radix is building the future.

I watched the video and was amazed!
From the little I know, a standard POS accepts only EMV-certified chip cards and the firmware won't let just any card open up communication with anything other than the acquiring network.
What you're doing looks like you are bypassing a VERY secure device such as the POS and you're making it function out of its specs.

By doing that you're actually taking money off the banking networks. And banking networks control 100% what's in their POS.
So even if this works today POS firmware would be quickly updated to lock this out.

I'd very much like to hear more tech details on this. It's a killer function as far as widespread adoption is concerned!

[User365]

Really looking forward to the launch of the main net.  

I think if it works without flaws it will make many other coins useless, especially smart contract coins and coins which focus on TPS, here we have over 100k/s  

[monsterer2]

Hi Fuserleer,

I've only just spotted this thread and your whitepaper - congrats on getting something out the door

I've only skimmed your whitepaper, but I'm left wondering why the consensus isn't vulnerable to sybil attack? For example. Alice owns a majority of nodes on the network, attempts a double spending transaction by asking the network for two temporal proofs in which she spends the same item on two different shards - the network will provide her with this, because she owns a majority of nodes?

Cheers, Paul. 

[browndog785]

Wow! I just came across this new technology. Very interesting!

If they prove it actually works... Could be a blockchain killer 

[browndog785]

Who knows... Maybe Radix will overtake this cryptospace and become a new standard for decentralized economy 

[Afkbio]

Hi, I own a discord server for discussing DAG coins. Every DAG is listed and has its own channel.

https://discord.gg/auFsMSD.

Feel free to join us ! See ya.  

[HeidiluPalmer]

hope you guys can be success with radix

[jeffreyjve]

Just come across this thread.

really interesting, going to follow this one.

If you need any help with testing, running an node or participate in any other way just let me know.

[acorcos]

After 5 long years of hard work, failed attempts and lessons learnt, we present the whitepaper explaining Tempo, our ledger and consensus tech that was published this week.

You can get it at our website https://radix.global

It details how our ledger architecture allows high throughput, rapid settlement and offers a true micro-payment and IoT solution, along with the consensus algorithm which we developed to secure it.

Tempo is a completely different way of thinking, and I would STRONGLY suggest you leave anything you know about blockchain, DAG, and other ledger tech at the door, otherwise you will end up with incorrect conclusions.

This paper is the first of a set that will explain all of the Radix core features such as economics, DEX, payment rails and more.

I'll keep this short and let the paper do the talking.

As always, comments, thoughts and feedback welcome.

Will there be a public funding or only private series a funding for friends and family? If there won't be a funding I will definitely try to buy it very early.

[Koontas]

I would really like to see a Radix Bitcointalk signature campaign.
Does anybody know if the devs have any plans about this?

[petermd59]

With respect to bad actors: The idea being that if a node N receives two atoms purporting the same transaction (double spend), then it has to query the network (other nodes) in a systemized fashion to see which atom appeared first. Isn't this an extreme vulnerability as it is quite cheap to set up nodes (over and over again after they have been blacklisted) and send out double spends as if you were sending out postcards? This will slow down transaction times and generally inhibit the network's efficiency. Has the team tested worst case scenarios and what were the results?

[ProfessorZ]

The whitepaper states that Radix is a new form of distributed ledger technology; it is not a blockchain, nor a directed acyclic graph. The question is, what is the foundational architecture used by Radix (the mathematical structure to store information, i.e. custom hashed link list for blockchain type DLTs)?

[acorcos]

I am following this project for a couple of months now, have just been going through backlog of email recently saw the one sent out regarding nodes.  went to the site, signed up, follwed instructions but couldnt find any information on how to do it. 

So ill just be waiting then   thanks much!

[Big Naturals]

The whitepaper states that Radix is a new form of distributed ledger technology; it is not a blockchain, nor a directed acyclic graph. The question is, what is the foundational architecture used by Radix (the mathematical structure to store information, i.e. custom hashed link list for blockchain type DLTs)?

Good question, the one we're all waiting to have answered. From my research radix will start with a humungous number of shards, or network subdivisions, and each address will exist in a single shard, and then nodes in each shard will be constantly communicating their state to other shards, so no node will ever have a complete picture of the network, but as addresses exist in only one shard space, double spends can still be detected quickly. I know that doesn't go anywhere near answering your question, but the key (i think) is radix is starting out with a design that scales using shards. The datastructure is something new.

[ProfessorZ]

The whitepaper states that Radix is a new form of distributed ledger technology; it is not a blockchain, nor a directed acyclic graph. The question is, what is the foundational architecture used by Radix (the mathematical structure to store information, i.e. custom hashed link list for blockchain type DLTs)?

Good question, the one we're all waiting to have answered. From my research radix will start with a humungous number of shards, or network subdivisions, and each address will exist in a single shard, and then nodes in each shard will be constantly communicating their state to other shards, so no node will ever have a complete picture of the network, but as addresses exist in only one shard space, double spends can still be detected quickly. I know that doesn't go anywhere near answering your question, but the key (i think) is radix is starting out with a design that scales using shards. The datastructure is something new.

As regards the double spend problem, the network cannot easily invalidate a conflicting transaction when there aren't common nodes that processed it; furthermore it is described a mechanism to address this issue involving periodic 'commitments' made by all nodes from any given shard, however the conflicting transactions are stored locally by the nodes that issued them, thus impacting the immutability property of the ledger.