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

[DigiByte]

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. 

We are still preparing some visual data and numbers to show everyone in better detail. We do not want to rush things without solid data to demonstrate its not only possible, but much more efficient. We have been playing with several variables as well. Stay tuned.

[Jumbley]

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

Sounds very logical but the truth is Bitcoin will not make them changes because of the risk involved.
https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.dhasjyaa7
I don't think they should either but the community realize that something is needed to compete with Visa for everyday transactions and that is DigiByte.
Nobody really want's to risk changing something that is functioning correctly especially when they have a capitalization  like Bitcoins. DigiByte is being designed to fill this space, hopefully stable from the ground. It has always been DigiBytes plan, the future of micropayments!  

[Fenix_One]

Will Digibyte be suitable for paying in supermarkets/ convenience stores (in the future I mean) or will the block time still be too long for that?

[mtnsaa]

Will Digibyte be suitable for paying in supermarkets/ convenience stores (in the future I mean) or will the block time still be too long for that?

That's a very interesting question, if it matches Visa as that's the intention then I think it should be possible. DGB is also used already in small stores around Europe so I think this is an actual goal.

[Fenix_One]

I mean - customer and cashier will have to wait for confirmation right? Won't that time still be to long for comfortable use?

[Jumbley]

Will Digibyte be suitable for paying in supermarkets/ convenience stores (in the future I mean) or will the block time still be too long for that?

Again yes, this is what DigiByte is meant for! 

[donnyespo]

There is really no comparision between MYR and DGB.  The work put into DGB shows price wise.

[GigaBit]

Now I'm pissed.... oh sorry... hi...

I won't be able to afford to run 8MB blocks, I can barely afford the 1MB already in place.
No way I'm letting all my coin in an exchange nor on a web wallet either.
This means it's time for me to exit DigiByte... I'd rather do it on here than on an exchange; I'm sure you can appreciate this.
Sucks for me, I know, I'll get over it, I lost million dollar deals before so no biggie.

Thing is I have a richlist stash and if I go on exchange will tank the price in a big way.
So I am giving the community the change to buy it all in one shot without messing up with the price.
I know this makes me sound like an asshole but consider I wasn't so nice with other coins as to make a thread about me selling out my entire vault.
It's the last thing I want to do but seems I have no choice.

My internet costs me at a rate of $10 per 1GB so yeah... that said I didn't even want to say anything but you guys are cool folks so... here I am.
Please PM me your offers in the form of "BTC Per Million DGB" by next Sunday November 08, 2015...
If no reasonable offers are received by wednesday, I will sell off then.
I hate to have my time wasted and right now I am wasting my time here talking about shit I never wanted.

Largest Total BTC offers = First Served
Maximum DGB: 10,000,000

Buy the whole stash above my asking price [secret] and get an extra 140,000 for free!!

-GigaBit

[b1007]

Now I'm pissed.... oh sorry... hi...

I won't be able to afford to run 8MB blocks, I can barely afford the 1MB already in place.
No way I'm letting all my coin in an exchange nor on a web wallet either.
This means it's time for me to exit DigiByte... I'd rather do it on here than on an exchange; I'm sure you can appreciate this.
Sucks for me, I know, I'll get over it, I lost million dollar deals before so no biggie.

Thing is I have a richlist stash and if I go on exchange will tank the price in a big way.
So I am giving the community the change to buy it all in one shot without messing up with the price.
I know this makes me sound like an asshole but consider I wasn't so nice with other coins as to make a thread about me selling out my entire vault.
It's the last thing I want to do but seems I have no choice.

My internet costs me at a rate of $10 per 1GB so yeah... that said I didn't even want to say anything but you guys are cool folks so... here I am.
Please PM me your offers in the form of "BTC Per Million DGB" by next Sunday November 08, 2015...
If no reasonable offers are received by wednesday, I will sell off then.
I hate to have my time wasted and right now I am wasting my time here talking about shit I never wanted.

Largest Total BTC offers = First Served
Maximum DGB: 10,000,000

Buy the whole stash above my asking price [secret] and get an extra 140,000 for free!!

-GigaBit

What are you talking about? Please just dump all your DigiBytes on the market, I would love to get me some cheap DigiBytes, I am sure the market will absorb your dump easily .

[ReSl]

My internet costs me at a rate of $10 per 1GB so yeah... that said I didn't even want to say anything but you guys are cool folks so... here I am.
-GigaBit

What are you talking about? Please just dump all your DigiBytes on the market, I would love to get me some cheap DigiBytes, I am sure the market will absorb your dump easily .

Traffic costs are too much i guess. I will made him a offer. Internet is not cheap in some places, that sucks!

[24hralttrade]

Now I'm pissed.... oh sorry... hi...

I won't be able to afford to run 8MB blocks, I can barely afford the 1MB already in place.
No way I'm letting all my coin in an exchange nor on a web wallet either.
This means it's time for me to exit DigiByte... I'd rather do it on here than on an exchange; I'm sure you can appreciate this.
Sucks for me, I know, I'll get over it, I lost million dollar deals before so no biggie.

Thing is I have a richlist stash and if I go on exchange will tank the price in a big way.
So I am giving the community the change to buy it all in one shot without messing up with the price.
I know this makes me sound like an asshole but consider I wasn't so nice with other coins as to make a thread about me selling out my entire vault.
It's the last thing I want to do but seems I have no choice.

My internet costs me at a rate of $10 per 1GB so yeah... that said I didn't even want to say anything but you guys are cool folks so... here I am.
Please PM me your offers in the form of "BTC Per Million DGB" by next Sunday November 08, 2015...
If no reasonable offers are received by wednesday, I will sell off then.
I hate to have my time wasted and right now I am wasting my time here talking about shit I never wanted.

Largest Total BTC offers = First Served
Maximum DGB: 10,000,000

Buy the whole stash above my asking price [secret] and get an extra 140,000 for free!!

-GigaBit

Would love to buy from you but i want to wait out the Digibyte price in 1 week.
Allot can happen in price, Higher and lower offc.  
100 sat is my offer now and i buy 10mill

[ReSl]

Largest Total BTC offers = First Served
Maximum DGB: 10,000,000

Buy the whole stash above my asking price [secret] and get an extra 140,000 for free!!

-GigaBit

Offer is send. Check PM.

[Wysi]

surely you'd be better off backing up your wallet and sitting on them?

each to their own.

[HR]

Now I'm pissed.... oh sorry... hi...

I won't be able to afford to run 8MB blocks, I can barely afford the 1MB already in place.
No way I'm letting all my coin in an exchange nor on a web wallet either.
This means it's time for me to exit DigiByte... I'd rather do it on here than on an exchange; I'm sure you can appreciate this.
Sucks for me, I know, I'll get over it, I lost million dollar deals before so no biggie.

Thing is I have a richlist stash and if I go on exchange will tank the price in a big way.
So I am giving the community the change to buy it all in one shot without messing up with the price.
I know this makes me sound like an asshole but consider I wasn't so nice with other coins as to make a thread about me selling out my entire vault.
It's the last thing I want to do but seems I have no choice.

My internet costs me at a rate of $10 per 1GB so yeah... that said I didn't even want to say anything but you guys are cool folks so... here I am.
Please PM me your offers in the form of "BTC Per Million DGB" by next Sunday November 08, 2015...
If no reasonable offers are received by wednesday, I will sell off then.
I hate to have my time wasted and right now I am wasting my time here talking about shit I never wanted.

Largest Total BTC offers = First Served
Maximum DGB: 10,000,000

Buy the whole stash above my asking price [secret] and get an extra 140,000 for free!!

-GigaBit

You might be jumping the gun a bit. For example, a bootstrap file that can be downloaded in a WIFI free zone would solve your problem (something that I figure would be easy for you since the rate you're referring to is a mobile/cell rate . . . ).

And who knows exactly when the rollout will happen. Like cryptonit said, sometimes it's better advised to wait for the need to arise first . . . and nothing better than meeting eventual need with a super thoroughly tested solution.  

Don't forget that the DigiByte team is much wiser, much more flexible, much more open to all types of input, than your standard crypto Dev team. Concerns raised here are more often than not dealt with head on and in an open source, open to the world, way. These guys are no chumps. Don't underestimate them - you'll only loose money if you do. They've never let anyone down. On the contrary, they have always surprised to the upside.

BTW, there's pretty good daily volume on the exchanges, enough to handle a fair sized liquidation if you sell into strength (versus dumping, and seeing severely compromised sale proceeds); of course, if you're talking about the #1 rich list figure (which looks more institutional to me than anything else), it would take you some time . . .


ADD: I'm also guessing that if you were the #1 you wouldn't be complaining about $10 per 1GB rates!!!  

[peonminer]

Go dgb gooooo
☆Pokémon battle stance☆

[Qusocia]

I find the DGB videos entertaining as they have a lot of likability. I'm not holding any DGB but I'm certain it'll still be a great project within the next few years.

[Sharkzz1]

i offered 10.1 btc but i don't think he'll accept it,
But why don't you just dump it on poloniex, you don't care about this coin anymore right?
So why do you care about messing with the price? Doesn't make any sense to be honest.

[myriadcoin]

I made the exact same decision as you not long ago mate. Myriad all the way. Besides, check out the awesome hash rate on sha256 and scrypt thanks to merge mining being implemented on those two algorithms last month. http://myriad.nutty.one/home

Myriad is a multi-PoW coin which actually came before DigiByte. Its community is not quite as active as DigiByte's, but there has always been activity. It's been picking up lately, and with a $50,000 market cap, the potential gains for your investment are so high. Many people feel they have missed the boat on DigiByte.

Check out the subreddit http://reddit.com/r/myriadcoin for news, including the new website about to be launched.

myriadcoin, you really need to get an avatar. I did some window shopping for you and came across this.



Chill out a bit. MYR will go back up, and probably at a rate inversely related to your barking, if you get my drift.

Thanks lol. I can't set an avatar yet.  Guess I need to post in this thread a bit more. Then I will set that picture as my avatar.

[Tyke]

DigiByte history book (release date: 5th December 2015).  Only five weeks left.

I'm definitly buying that book

I assure that you won't be disappointed when you read it

[cryptmebro]

Looks like the price is on it's way back down.