★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit

[CryptoRaver]

Always good to see upward trends..

[24hralttrade]

http://247cryptonews.com/bitcoin-hackathon-winner-discovers-way-for-instant-btc-transactions/#utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-hackathon-winner-discovers-way-for-instant-btc-transactions


Bitcoin Hackathon Winner Discovers Way For Instant BTC Transactions 

If Bitcoin is meant to be the perfect money of this for this new tech era, one important property seems to lack: instant transactions that are secure and trustless. But the winning team of the first ever Blocktrail sponsored Bitcoin Hackathon from Amsterdam may just have found a way to get around confirmations when transacting Bitcoins.

Sure, Bitcoin as it is provides a payments solution that is far more superior to competitors in several ways. Transactions are often many times faster , more secure and cheaper than wire transfers, credit cards or payment providers, eliminating the need for a trusted middle man.

Even if Bitcoin has a lot of trumps, secure and trustless payments are not instant, since the possibility of double spending requires the need for at least one confirmation – which, of course, takes ten minutes on average, and could take more than an hour if you’re totally unlucky. This is less than ideal, especially for some kinds of digital products – a Netflix-type of service that sells movies on demand, for instance or even if you buy a simple coffee , you don’t want to wait 10 minutes – 1 hour to have your coffee .

This Saturday, a team of four hackers who had never met each other before, including two who were using bitcoin for the first time, might have constructed the theoretical groundwork to solve this problem. In 12 hours of coding at the Amsterdam Bitcoin Hackathon even if it was too time shorted to finish a fully functional implementation, the concept itself and its visualization convinced the day’s judges to award them the first prize of 5 Bitcoins, a Trezor hardware wallet, and a ticket to the upcoming The Next Web conference in Amsterdam. “It’s far from a finished commercial product,” NoRiskWallet team member, Sebastian Lobato, emphasized , ” It’s far from ideal in its current form. But I think it’s also something that has never existed in bitcoin before. And who knows? It’s possible that services such as Blocktrail or GreenAddress implement solutions like this one in the future.”

How is this possible ? Instant transaction ?

So how does the NoRiskWallet work? Essentially, the software makes use of a couple of Bitcoin’s funky features, most importantly multisig capability – where several keys are needed in order to spend bitcoin – and lock time – which automates bitcoin transactions at some preset time in the future.

If a customer wants to make use of a NoRiskWallet service, he’d need to fund it by sending bitcoin to a two-out-of-two multisig address. As a key feature, this multisig address must contain a lock time transaction to himself, signed with one key held by the NoRiskWallet service, while the other key remains in the possession of the user. As such, the funds will automatically be sent back to the user at some point in the future, unless both parties overwrite the transaction before that time.

Meanwhile, the NoRiskWallet service would need to create an identical two-of-two multisig transaction with the merchant, funding this address with the same amount of bitcoin as collateral.

Now, when the user decides to buy something from the merchant, he signs his part of the multisig transaction, and has the merchant contact the NoRiskWallet service in order to sign the other end of the transaction. But instead of sending the money to himself, both the user and the NoRiskWallet service send this money to the second multisig address. Subsequently, both the NoRiskWallet service and the merchant sign their end of this multisig wallet in order to forward the money to the merchant, while simultaneously signing a lock time transaction to the merchant as well, using the collateral.

The No Trust Wallet code can be found on their GitHub page, which includes an elaborate explanation of the software in the Readme.

[24hralttrade]

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DigiByte Exchanges

Where To Buy & Sell DigiBytes

lightbit ? litebit

@ 24 did you contacted him.

Contacted them and Digibyte is back on the list.

[CryptoRaver]

Good job 24 Digibyte is not so cheap anymore now

[24hralttrade]

Good job 24 Digibyte is not so cheap anymore now

They replaced it for FIBRE, I think the priceticker is still attached.  Asked them to change that.
Thank you for the heads-up.

Edit: i would love to sell all my Digibytes for that price gehe,, i'm going to the bahamas then.

Add:The price that shows is for 1000 DGB's.  You can only buy them in bulk of 1000.

[CryptoRaver]

WoW didn't know this

http://www.digibytestore.co/page/support_digibyte

I doubt this is Digibyte.

Is it ok that i share this on Dogecoin to

Never tested it,seen it.  It's not official i believe so be carefull.

OK i wait for more information for this one

[RD965]

Good job 24 Digibyte is not so cheap anymore now

They replaced it for FIBRE, I think the priceticker is still attached.  Asked them to change that.
Thank you for the heads-up.

Edit: i would love to sell all my Digibytes for that price gehe,, i'm going to the bahamas then.

Add:The price that shows is for 1000 DGB's.  You can only buy them in bulk of 1000.

Lets make it .10$ a unit 

[ycagel]

Look at this tweet:

@DigiByteCoin The 2.0 of bitcoin. The possibility of a 10,000x profit margin. Are you ready? #futureofcrypto #bitcoin #investment #profit


YC

[CryptoRaver]

Good job 24 Digibyte is not so cheap anymore now

They replaced it for FIBRE, I think the priceticker is still attached.  Asked them to change that.
Thank you for the heads-up.

Edit: i would love to sell all my Digibytes for that price gehe,, i'm going to the bahamas then.

Add:The price that shows is for 1000 DGB's.  You can only buy them in bulk of 1000.

Lets make it .10$ a unit 

Yes that sounds great These kind of prices needed big plans to!

[halinyo]

Look at this tweet:

@DigiByteCoin The 2.0 of bitcoin. The possibility of a 10,000x profit margin. Are you ready? #futureofcrypto #bitcoin #investment #profit


YC

This is just for pumping purposes. I would not share Let it rise organically with development. That rise is much stronger and not fake, and with organic development rise in the price, a steady growth can be maintained. If not organic, price can go back down easily with some dumps. But in the organic rise phase, people would not want to sell and only buy. You know if what I mean.. Cheers.

[ycagel]

Just for full disclosure: I did not tweet that. Secondly, it's more I think of what other's perceive DGB to be and where it is headed. Organic growth and steady floor creation is fine!

YC

Look at this tweet:

@DigiByteCoin The 2.0 of bitcoin. The possibility of a 10,000x profit margin. Are you ready? #futureofcrypto #bitcoin #investment #profit


YC

This is just for pumping purposes. I would not share Let it rise organically with development. That rise is much stronger and not fake, and with organic development rise in the price, a steady growth can be maintained. If not organic, price can go back down easily with some dumps. But in the organic rise phase, people would not want to sell and only buy. You know if what I mean.. Cheers.

[ycagel]

What's going on with DOGE? Wasn't there some significant event at the end of January 2015 for them?

YC

[halinyo]

Just for full disclosure: I did not tweet that. Secondly, it's more I think of what other's perceive DGB to be and where it is headed. Organic growth and steady floor creation is fine!

YC

Look at this tweet:

@DigiByteCoin The 2.0 of bitcoin. The possibility of a 10,000x profit margin. Are you ready? #futureofcrypto #bitcoin #investment #profit


YC

This is just for pumping purposes. I would not share Let it rise organically with development. That rise is much stronger and not fake, and with organic development rise in the price, a steady growth can be maintained. If not organic, price can go back down easily with some dumps. But in the organic rise phase, people would not want to sell and only buy. You know if what I mean.. Cheers.

Then, this looks better;

@DigiByteCoin the 2.0 of bitcoin. Are you ready? #futureofcrypto #bitcoin #investment #profit

      or

@DigiByteCoin delivers and DGB has a bright future! #futureofcrypto #bitcoin #investment #profit

If you know what I mean, it is better saying the certain development progress has been made.
I was sharing similar stuff, but that does not really creates awareness, people bored of X1000 promises and they will not even check DGB that way.
If you share something like this "Have you seen DGB's new easy mining software? #DGB #bitcoin #etc...", that will take more attentions and it is realistic and it has been delivered and proved.

I did not mean to stop you, it is your twitter, your call. Sorry if I have been rude though! Cheers buddy.

PS: DGB price can go so much down (i.e. 10-20 range) depending on the BTC price though. Imagine if BTC goes back up to $400-500, people will dump all their altcoins for BTC, then for FIAT, at least until BTC stabilizes or goes back down.

[jaipagare]

What's going on with DOGE? Wasn't there some significant event at the end of January 2015 for them?

YC

Why are you discussing Doge in Digibyte forum?

[RD965]

What's going on with DOGE? Wasn't there some significant event at the end of January 2015 for them?

YC

Why are you discussing Doge in Digibyte forum?

Please just ignore..

[MadGhost]

There is no logic of discussing other coins in the DGB thread.

[CryptoRaver]

What's going on with DOGE? Wasn't there some significant event at the end of January 2015 for them?

YC

? you can ask in this tread
https://bitcointalk.org/index.php?topic=800004.440

Back to DGB discussion

[Tyke]

Who would like me to write a crypto book solely based on Digibyte?

[RB25]

I would like to say thank you to the DGB community. Following the developments and information and now I have a good position in DGB for going forward.

[24hralttrade]

I would like to say thank you to the DGB community. Following the developments and information and now I have a good position in DGB for going forward.

Welcome on board!  glad to have you here.