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iBenGunArmor (OP)
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March 05, 2018, 05:06:09 AM |
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I am not the author of this news, but I think it should be given to our community.Neo is the 6th largest cryptocurrency with $7.8 billion valuation, but it's no better than ripple. it uses a delegated byzantine fault tolerant consensus algorithm. neo holders elect a set of nodes to be in charge of the consensus process. currently that's just the 7 nodes run by the neo foundation. being tolerant to byzantine failures means not only being able to handle node failures like network outages, but rather any type of malicious behavior. the most simple approach (used in neo) is to use a round-robin signature scheme where each validator signs a block and hands it to the next validator. it doesn't take a computer science degree to realize that such appoach is susceptible to deadlock if one of the nodes goes down. a simple solution for this is to use a threshold scheme where all the nodes broadcast their signatures that needs to be tallied up to certain threshold instead of waiting for specific turn. malcom lerider, a senior r&d manager for neo, called this failure an edge case, but let's call it what it is. neo can't handle a simple network failure is not even fault tolerant, it's a failed system. thankfully, no one uses neo as there is only 23 smart contracts deployed on the network. hope it stays that way. proof: https://twitter.com/ercwl/status/970294228122263552
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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timikulit
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March 05, 2018, 05:17:30 AM |
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Hmm well we need more inputs by more developers with experience with NEO's blockchain build " Byzantine fault tolerant". With the information from more and more developers we can conclude that NEO's blockchain is a true on what they claim For me a Byzantine fault tolerant blockchain is not good. it has a lot of problems.  |
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iBenGunArmor (OP)
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March 05, 2018, 05:24:07 AM |
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Hmm well we need more inputs by more developers with experience with NEO's blockchain build " Byzantine fault tolerant". With the information from more and more developers we can conclude that NEO's blockchain is a true on what they claim For me a Byzantine fault tolerant blockchain is not good. it has a lot of problems. I agree, you just need to be very attentive to developments and monitor network problems. To be honest, I thought they were fine, but this analytical post on Twitter makes me think. |
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mmo4me.2016
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March 05, 2018, 05:49:17 AM |
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Great new for evey one!
NEO is best platfrom but can not sent less than 1 NEO, so i think this is problem when price grown up!
Thanks
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iBenGunArmor (OP)
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March 05, 2018, 06:03:49 AM |
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Great new for evey one!
NEO is best platfrom but can not sent less than 1 NEO, so i think this is problem when price grown up!
Thanks
Perhaps you are right, but then stick with two ends. Conference call Today Neo and see what they have to say, I think this issue is going to be there consecrated. |
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IeSua
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March 05, 2018, 08:51:01 PM |
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Again FUD? Someone wants to buy a cheap NEO?
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kinki32
Member
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Activity: 266
Merit: 10
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March 05, 2018, 08:54:47 PM |
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Seems like year of neo because they got more and more ICOs on their platform. Qlink ,Red Pulse, Trinity, Deepbrainchain, thekey, nex and else good projects.
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13ex07
Member
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Activity: 322
Merit: 11
Thank you for +Merit
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March 05, 2018, 09:00:43 PM |
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Again FUD? Someone wants to buy a cheap NEO?
It is very similar. I remember bad news about crypto which was much, but they weren't confirmed. |
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Panda Trump
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March 05, 2018, 09:09:26 PM |
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Again FUD? Someone wants to buy a cheap NEO?
Likely... But it could be possible that it's a real threat to NEO's future. If what the OP says is true, it could mean that there's a significant attached to NEO usage. Until it's verified by reliable sources, I'd not take it too seriously though. NEO isn't that special anyways, so just avoiding it shouldn't be too hard. |
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ManaMan
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Activity: 238
Merit: 38
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March 05, 2018, 09:15:48 PM |
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As I haven't really investigated NEO I can't say if it's FUD or not. But one thing is for sure NEO won't go easily, if this is the real threat I am sure devs will try to update something in future as this is serious flaw then. Great new for evey one!
NEO is best platfrom but can not sent less than 1 NEO, so i think this is problem when price grown up!
Thanks
Neo exists to produce gas and so far it is the major purpose of it and nothing else as gas from my understanding is used for everything there on the blockchcian. |
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HabiebRiziq
Sr. Member
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Activity: 966
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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March 05, 2018, 09:33:01 PM |
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"..It is also the only cryptocurrency to recieve an A-tier investment score by Weiss Ratings (Bitcoin got a C+) " lol  this is true? its very strange for me  and he also said that nodes run by the NEO Foundation is like Ripple |
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commanderbitcoin
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Activity: 238
Merit: 10
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March 06, 2018, 03:44:22 AM |
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Every coin has its own ups and down. Even Bitcoin and Ethereum face a very difficult problem and it get fix. I believe the developers of NEO can fix and do something about it. There are many Companies that invest to NEO and I think they cannot afford to lose them and their credibility.
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Casmania
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March 06, 2018, 05:13:59 AM |
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Every coin has its own ups and down. Even Bitcoin and Ethereum face a very difficult problem and it get fix. I believe the developers of NEO can fix and do something about it. There are many Companies that invest to NEO and I think they cannot afford to lose them and their credibility.
I may agree, if the above article is true, then Neo coin should have do something how to correct the situation. Going back to its current market trend for Neo, you can personally observe that the graphical price chart indicates a downward trend which I may believe that the message might be true. A drastic resolution should be made to cope up the trust of the many people investing in Neo such that it may change the downward trend back on it's track going up. |
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iBenGunArmor (OP)
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March 06, 2018, 05:19:45 AM |
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I agree the volatility is large. I also think that the Chinese will not allow drawdown, and will try to correct this misunderstanding as soon as possible. And such news is likely the machinations of competitors.
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Getcoinsite
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March 06, 2018, 05:22:05 AM |
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Great new for evey one!
NEO is best platfrom but can not sent less than 1 NEO, so i think this is problem when price grown up!
Thanks
i have been watching neo,and have some coins in my folio,but this issue must be addressed and should have some actions from the dev,imagine how many expectant of those tokens that now are disappointing..and in time might divert their funds to other platform as problem occurred this great coin |
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iBenGunArmor (OP)
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March 06, 2018, 05:32:43 AM |
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I had a NEO but I managed to sell in early January. and do not hurry to buy, waiting for news from the team.
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auliahr
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March 06, 2018, 05:47:03 AM |
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stay patient and do not rush assume bad to neo. sometimes rivalry becomes the trigger of hostility between communities.
wait for an official statement from them.
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hiddenmist
Member
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Activity: 199
Merit: 10
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March 06, 2018, 12:15:09 PM |
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I am confident that this issue will address soon. Chinese won't let this issue drag them down. It is normal for a new altcoin to have a bug in early stage and I'm sure that the dev is now busy doing the patch to solve the problem.
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proexcept
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March 06, 2018, 08:15:52 PM |
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NEO is really a good and potential coin. I don't believe in these "news", because they are very similar to deception. This is an unsuccessful attempt to manipulate the price of NEO. But NEO must be improved in order to continue the growth.
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Yalovtsev
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March 06, 2018, 08:20:23 PM |
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Poidee for the NEO future of Asia, as all of Asia, Korea, China, will be tied to it,it's like Air, only for Asia,so definitely the potential is huge,the more there is a market more powerful and alive than in Europe!If they do everything as planned, there will be a second ETH, only maybe steeper
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