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

[24hralttrade]

A new week, A awesome start!   

[1714660694]

1714660694

[1714660694]

1714660694

[1714660694]

1714660694

[myriadcoin]

Of course, as we all know, DigiByte was instamined. In the first 3 days, 16,000 DigiBytes were mined per minute. It was only a few months after launch that the emission was drastically reduced in a hard fork. At the time, DigiByte was just another scrypt coin with a premine, so miners generally had been overlooking it. Of course, the devs were enjoying the low difficulty. After the emission schedule was changed, they started introducing new features such as the multi-PoW they copied from Myriad, as well as new marketing and the claims of $250,000 investment in the centralised company that develops DigiByte.

[Wysi]

Why don't you spend your time and energy promoting myriad rather than trying to demote DGB.

Judging by the buy support on Poloniex you seem to be having the opposite effect.

[frottirzokni]

Exposure is important, thanks for taking the time on bumping the topic onto the first page quite often, really appreciate it!
You may already noticed, the actions you make, damaging not only your own reputation, but -because your chosen nickname is misleading- counter productive for your favourite coin and their respectable community members. I'm not saying you shouldn't troll here, ofcourse, do whatever you like, I'm just asking you to do it with a different username. It's not elegant.

Of course, as we all know, DigiByte was instamined. In the first 3 days, 16,000 DigiBytes were mined per minute. It was only a few months after launch that the emission was drastically reduced in a hard fork. At the time, DigiByte was just another scrypt coin with a premine, so miners generally had been overlooking it. Of course, the devs were enjoying the low difficulty. After the emission schedule was changed, they started introducing new features such as the multi-PoW they copied from Myriad, as well as new marketing and the claims of $250,000 investment in the centralised company that develops DigiByte.

[ghostycc]

...

You're keeping this thread on top.
The DGB community is smarter than you think, and people all realise you're just trolling.
So you're just helping us basically, and loosing all credibility around here. Even Myriad dev are asking you to stop doing this.

And your worrys about the premine ... 52,5Millions have been used wisely... proofs are : DGB is looking good like never. The community is getting stronger, and everyone seems to keep an eye on this coin now.

Just mine some or get yourself a wallet, and stay quiet. Troll

[DigiByte]

I see the price rise but I don't understand why. Isn't DigiByte just essentially Myriad with an added premine and instamine? They've been talking about this DigiSpeed hard fork for months now, but still no deadline, only delays. And they haven't even explained how it is exactly that their new hard fork will solve the scalability issue of Bitcoin. How will they encourage enough nodes to store a full copy of the blockchain? Sounds like the coin will become massively bloated.

Regarding the premine. It has all been given away already waaaay back.

The DigiSpeed hardfork + the DigiByteMarket are both parts of it. Another factor, we need to take into account, is that DigiByte remained relatively unknown amongst the crypto community. Now that it has seen additional volume and shot up on the coinmarketcap, we get more potential investors. And if DigiSpeed succeeds in its premise, the price should skyrocket. No coin, to my knowledge, has achieved to match VISA TPS (Transactoins-Per-Second) before.

How do we know they didn't give it away to themselves? Anyway, they have been making claims about DigiSpeed for months. Recently it's been on the news a lot that Bitcoin is not scalable enough and could handle only a fraction of the transactions that Visa handles. Since then DigiByte has been promising they will be able to match this with their DigiSpeed, but as far as I can see they haven't explained how.

They said 15-18 second block times and 8 mb block size. The only downside is less nodes and more lite wallets because the blockchain will become huge.

Of course, that 'downside' will most likely be the death of DigiByte unless they have some new technology in the works that incentivises nodes or something like that. They haven't given any details whatsoever. This is why I choose not to invest in DigiByte.

Well the problem I see with the price is that everyone was expecting digispeed in October. How long will the pump have to remain in place until the official announcement is in place. I think some pump groups are going to get burned on this one if Jared doesn't announce digispeed soon. This will be a good thing of course if it's delayed until December it might normalize the price above 100 and not have the Vertcoin scenario.

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

[HR]

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

You guys are blazing the trail and setting the standards!

Wow.

You've surpised me once again - all I can say is that I am extremely pleased with having invested in DGB.  

How about a DigiReport on the matter?  

[myriadcoin]

transaction propagation changes.

What transaction propagation changes? Because you're not planning on releasing block pruning until I guess several months later. In the mean time, sounds like the blockchain will become massively bloated,

[Wysi]

transaction propagation changes.

What transaction propagation changes? Because you're not planning on releasing block pruning until I guess several months later. In the mean time, sounds like the blockchain will become massively bloated,

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

If you read, you can answer your own repetitive questions.

But keep on bumping the thread =)

[snakey]

I see the price rise but I don't understand why. Isn't DigiByte just essentially Myriad with an added premine and instamine? They've been talking about this DigiSpeed hard fork for months now, but still no deadline, only delays. And they haven't even explained how it is exactly that their new hard fork will solve the scalability issue of Bitcoin. How will they encourage enough nodes to store a full copy of the blockchain? Sounds like the coin will become massively bloated.

Regarding the premine. It has all been given away already waaaay back.

The DigiSpeed hardfork + the DigiByteMarket are both parts of it. Another factor, we need to take into account, is that DigiByte remained relatively unknown amongst the crypto community. Now that it has seen additional volume and shot up on the coinmarketcap, we get more potential investors. And if DigiSpeed succeeds in its premise, the price should skyrocket. No coin, to my knowledge, has achieved to match VISA TPS (Transactoins-Per-Second) before.

How do we know they didn't give it away to themselves? Anyway, they have been making claims about DigiSpeed for months. Recently it's been on the news a lot that Bitcoin is not scalable enough and could handle only a fraction of the transactions that Visa handles. Since then DigiByte has been promising they will be able to match this with their DigiSpeed, but as far as I can see they haven't explained how.

They said 15-18 second block times and 8 mb block size. The only downside is less nodes and more lite wallets because the blockchain will become huge.

Of course, that 'downside' will most likely be the death of DigiByte unless they have some new technology in the works that incentivises nodes or something like that. They haven't given any details whatsoever. This is why I choose not to invest in DigiByte.

Well the problem I see with the price is that everyone was expecting digispeed in October. How long will the pump have to remain in place until the official announcement is in place. I think some pump groups are going to get burned on this one if Jared doesn't announce digispeed soon. This will be a good thing of course if it's delayed until December it might normalize the price above 100 and not have the Vertcoin scenario.

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

Great work Jared, ignore the haters...

[Jumbley]

transaction propagation changes.

What transaction propagation changes? Because you're not planning on releasing block pruning until I guess several months later. In the mean time, sounds like the blockchain will become massively bloated,

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

If you read, you can answer your own repetitive questions.

But keep on bumping the thread =)

I’m just not that materialistic so I still don’t like the guy. If I was, I’d probably love him!
Up 4 MYR since yesterday, how much are we paying him?

[ghostycc]

transaction propagation changes.

...

...

If you read, you can answer your own repetitive questions.

But keep on bumping the thread =)

I’m just not that materialistic so I still don’t like the guy. If I was, I’d probably love him!
Up 4 MYR since yesterday, how much are we paying him?

I'll give him 1k DGB as a welcome tip if someday he posts his wallet adress xD

[Telenong]

I see the price rise but I don't understand why. Isn't DigiByte just essentially Myriad with an added premine and instamine? They've been talking about this DigiSpeed hard fork for months now, but still no deadline, only delays. And they haven't even explained how it is exactly that their new hard fork will solve the scalability issue of Bitcoin. How will they encourage enough nodes to store a full copy of the blockchain? Sounds like the coin will become massively bloated.

Regarding the premine. It has all been given away already waaaay back.

The DigiSpeed hardfork + the DigiByteMarket are both parts of it. Another factor, we need to take into account, is that DigiByte remained relatively unknown amongst the crypto community. Now that it has seen additional volume and shot up on the coinmarketcap, we get more potential investors. And if DigiSpeed succeeds in its premise, the price should skyrocket. No coin, to my knowledge, has achieved to match VISA TPS (Transactoins-Per-Second) before.

How do we know they didn't give it away to themselves? Anyway, they have been making claims about DigiSpeed for months. Recently it's been on the news a lot that Bitcoin is not scalable enough and could handle only a fraction of the transactions that Visa handles. Since then DigiByte has been promising they will be able to match this with their DigiSpeed, but as far as I can see they haven't explained how.

They said 15-18 second block times and 8 mb block size. The only downside is less nodes and more lite wallets because the blockchain will become huge.

Of course, that 'downside' will most likely be the death of DigiByte unless they have some new technology in the works that incentivises nodes or something like that. They haven't given any details whatsoever. This is why I choose not to invest in DigiByte.

Well the problem I see with the price is that everyone was expecting digispeed in October. How long will the pump have to remain in place until the official announcement is in place. I think some pump groups are going to get burned on this one if Jared doesn't announce digispeed soon. This will be a good thing of course if it's delayed until December it might normalize the price above 100 and not have the Vertcoin scenario.

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

sounds good, ill keep some for next years

[Timeline]

I see the price rise but I don't understand why. Isn't DigiByte just essentially Myriad with an added premine and instamine? They've been talking about this DigiSpeed hard fork for months now, but still no deadline, only delays. And they haven't even explained how it is exactly that their new hard fork will solve the scalability issue of Bitcoin. How will they encourage enough nodes to store a full copy of the blockchain? Sounds like the coin will become massively bloated.

Regarding the premine. It has all been given away already waaaay back.

The DigiSpeed hardfork + the DigiByteMarket are both parts of it. Another factor, we need to take into account, is that DigiByte remained relatively unknown amongst the crypto community. Now that it has seen additional volume and shot up on the coinmarketcap, we get more potential investors. And if DigiSpeed succeeds in its premise, the price should skyrocket. No coin, to my knowledge, has achieved to match VISA TPS (Transactoins-Per-Second) before.

How do we know they didn't give it away to themselves? Anyway, they have been making claims about DigiSpeed for months. Recently it's been on the news a lot that Bitcoin is not scalable enough and could handle only a fraction of the transactions that Visa handles. Since then DigiByte has been promising they will be able to match this with their DigiSpeed, but as far as I can see they haven't explained how.

They said 15-18 second block times and 8 mb block size. The only downside is less nodes and more lite wallets because the blockchain will become huge.

Of course, that 'downside' will most likely be the death of DigiByte unless they have some new technology in the works that incentivises nodes or something like that. They haven't given any details whatsoever. This is why I choose not to invest in DigiByte.

Well the problem I see with the price is that everyone was expecting digispeed in October. How long will the pump have to remain in place until the official announcement is in place. I think some pump groups are going to get burned on this one if Jared doesn't announce digispeed soon. This will be a good thing of course if it's delayed until December it might normalize the price above 100 and not have the Vertcoin scenario.

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

Nice to hear that testing went fine and also nice to hear some future plans.

[bobthenager]

transaction propagation changes.

...

...

If you read, you can answer your own repetitive questions.

But keep on bumping the thread =)

I’m just not that materialistic so I still don’t like the guy. If I was, I’d probably love him!
Up 4 MYR since yesterday, how much are we paying him?

I'll give him 1k DGB as a welcome tip if someday he posts his wallet adress xD

I'll match your 1k.

[bogglor]

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

It's all well and good to say "we tested it and had no problem" but that would never fly in a corporate environment. You'd have to show data/proof.

I'd personally like to see the test blockchain data. Put up your test blockchain explorer somewhere so we can examine how many transactions you were sending per block.

In the data you provided, you say that the average transaction size is 250 bytes. But, how is that number used to calculate the 2228 DGB trans/second? If you divide 8mb/250 you come up with a theoretical maximum of 33554 transactions per block. Divide that by 14.68 you come up with 2286 trans/sec.

250 bytes is about right for a block with 1 input per transaction (block reward only).

I did a quick check of the last 1695 blocks (1336523 through 1338189) and came up with an average transaction size of 392 bytes (block size divided by transactions). This would lower the theoretical transactions/second to 1457.

As more and more transactions happen, there are going to be more inputs per transactions and that's going to inflate the size of each transaction, this is why I'm curious to see how many transactions you had per block and how many inputs you had per transactions.

[Jumbley]

We are indeed evaluating some issues that will arise far into the future and we are already working to mitigate them. We are not going to give a hard launch date as it fuels pump and dumps. When we are 100% ready we will release.

We just completed a successful 12,000 Block test run with DigiSpeed modifications (8mb blocks, 15 second transactions, difficulty calculation modifications, transaction propagation changes.)

The test resulted in even distribution between the five algos and our actual test data showed and average block time of 14.68 seconds (slightly speedier than planned).

Average transaction size: 250 bytes
Maximum block size: 8mb (8,388,608bytes)
Average block-time: 14.68
 
Maximum BTC TPS = 7 transactions per second.
BTC block size = 1mb

7 x 8mb blocks =  56 TPS

BTC Block Time= 10 min
DGB block time= 14.68 sec

600 min / 14.68 sec = 40.87 multiplier

56 TPS x 40.87 = 2,228 DigiByte Transactions per second

Visa averages 2,000 TPS

Following the DigiSpeed v4.0 release we will release a version v5.0 in mid 2016 with enhanced block pruning, headers first sync and additional "incentives" for people like gamers to run a "full node" and keep the network decentralized as blockchain size increases

It's all well and good to say "we tested it and had no problem" but that would never fly in a corporate environment. You'd have to show data/proof.

I'd personally like to see the test blockchain data. Put up your test blockchain explorer somewhere so we can examine how many transactions you were sending per block.

In the data you provided, you say that the average transaction size is 250 bytes. But, how is that number used to calculate the 2228 DGB trans/second? If you divide 8mb/250 you come up with a theoretical maximum of 33554 transactions per block. Divide that by 14.68 you come up with 2286 trans/sec.

250 bytes is about right for a block with 1 input per transaction (block reward only).

I did a quick check of the last 1695 blocks (1336523 through 1338189) and came up with an average transaction size of 392 bytes (block size divided by transactions). This would lower the theoretical transactions/second to 1457.

As more and more transactions happen, there are going to be more inputs per transactions and that's going to inflate the size of each transaction, this is why I'm curious to see how many transactions you had per block and how many inputs you had per transactions.

I quoting this because it has some constructive questioning. 

[illodin]

I see the price rise but I don't understand why. Isn't DigiByte just essentially Myriad with an added premine and instamine? They've been talking about this DigiSpeed hard fork for months now, but still no deadline, only delays. And they haven't even explained how it is exactly that their new hard fork will solve the scalability issue of Bitcoin. How will they encourage enough nodes to store a full copy of the blockchain? Sounds like the coin will become massively bloated.

Most altcoins are "good enough" for many kinds of use, it's question of marketing, building services around it and getting people to actually use it. If all you have is technical invention but no one knows about it or wants to use it then your coin isn't going anywhere.

[cryptonit]

its nice numbers
but basical any bitcoin code based coin and bitcoin itself can reach that numbers
if adapt coin specs

small coins have the advantage of flexibility and not act slow like dinosaur BTC

but on other hand why 2000+ tx/sec ability for DGB

dont think u have that many even in a whole day

in my opinion u adapt as u needed and not increase amount of empty blockdata without pressure by demand

[yoyoamigo]

Nice seeing you here. this thread is getting a lot more interesting