[PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync

[cadexn]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

Instant Sync Technology
Rapid Blockchain Download

I'm excited. Reducing download time down to 5-15 mins..this would probably be sought out by more than just PND users. huge blockchain like BTC would probably come sniffing around here to see how it works! Great job and can't wait for the release!

[1714673963]

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[1714673963]

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[1714673963]

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[cryptonewstoday]

wow very cool new feature! 
All coins could benefit from this, I wonder why BTC hasn't done this yet. We have better devs than BTC?

[cadexn]

wow very cool new feature! 
All coins could benefit from this, I wonder why BTC hasn't done this yet. We have better devs than BTC?

I can't say for sure but PND devs are definitely among the toppest of tops.

[sonihr]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

This is nifty, I love the idea!

[ozzke]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

This is nifty, I love the idea!

Nifty? it's completely rewriting a big part of the code and improving it in every aspect
but great improvements take time to develop but you know: we deliver 
If Bitcoin would implement this properly you could sync the full wallet in 2-3 hours (depending on your internet speed)

[mtrycz]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

Why, oh why didn't you get it done before I installed on the Raspberry!?

Anyway, I CAN SEE SO CLEARLY where this is going. You are truly the greatest, PND devs.

[ozzke]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

Why, oh why didn't you get it done before I installed on the Raspberry!?

Anyway, I CAN SEE SO CLEARLY where this is going. You are truly the greatest, PND devs.

That's how it works, we could've done this announcement before but we thought: "Nah, lets screw a bit with mtrycz!"

[heroqt]

https://i.imgur.com/FrBLYcC.jpg

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

This is nifty, I love the idea!

Nifty? it's completely rewriting a big part of the code and improving it in every aspect
but great improvements take time to develop but you know: we deliver 
If Bitcoin would implement this properly you could sync the full wallet in 2-3 hours (depending on your internet speed)

Well done! PND team!

[ozzke]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

[WhalePanda]

very nice devs! everyone is waiting for that, no more waiting so long to get new coins or stakes after corrupt blockchain

[PndaSanta]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

[Caze]

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

Most alt coin wallets are based on the Bitcoin QT wallet so they probably just don't have the skill to code something like this from the scratch.
I don't know if we can call this the biggest wallet innovation released so far but it would certainly be a welcome one to many, if not most coins.

Now that I think of it... How many coins actually have a lite wallet?

[donacid]

Major PandaBank Patch (v3.0.0) Preview

Pandacoin (PND) Development Team is proud to reveal our upcoming first major update to PandaBank which highlights our intention of once again redefining how cryptocurrencies should be – simple and easy to use. By focusing on providing an optimal user experience for those that are new to cryptocurrencies, we will be setting the benchmark on how all main ‘crypto-wallets’ should function in the future, in order to truly obtain a global mass appeal.

PandaBank will be the world’s first cryptocurrency main storage client with the ability to switch to a lightweight version of the client, ‘PandaBank Lite’. Pandacoin’s main storage mode will be called ‘PandaBank Hybrid’, integrated with ‘Instant Sync Technology’ (IST) and ‘Rapid Blockchain Download’ (RBD); allowing new Pandacoin users to immediately synchronize with the blockchain and see/utilize their Pandacoins right after installation of the client, and reducing the time to download the entire blockchain from 4 to 24 hours, down to 5 to 15 minutes.

Patch v3.0.0 is scheduled for full release within 7 days.

Cryptocurrency for the masses,

The Pandacoin Development Team

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

awesome job guys 

[ozzke]

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

Most alt coin wallets are based on the Bitcoin QT wallet so they probably just don't have the skill to code something like this from the scratch.
I don't know if we can call this the biggest wallet innovation released so far but it would certainly be a welcome one to many, if not most coins.

Now that I think of it... How many coins actually have a lite wallet?

I think you're missing the point, the point is not just the Lite wallet. It's the syncing speed, on average we were able to speed it up syncing by 20-40 times. Which coin doesn't want that in their wallet?

[mtrycz]

Why, oh why didn't you get it done before I installed on the Raspberry!?

Anyway, I CAN SEE SO CLEARLY where this is going. You are truly the greatest, PND devs.

That's how it works, we could've done this announcement before but we thought: "Nah, lets screw a bit with mtrycz!"

Ahah, don't worry, I'll set it up again as soon as the new code is out.

This time it'll be as easy as:
1. compile
2. run

[cadexn]

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

Most alt coin wallets are based on the Bitcoin QT wallet so they probably just don't have the skill to code something like this from the scratch.
I don't know if we can call this the biggest wallet innovation released so far but it would certainly be a welcome one to many, if not most coins.

Now that I think of it... How many coins actually have a lite wallet?

They're speeding up the syncing speed ON TOP of the lightweight wallet they're gonna release. (Meaning the faster syncing speed is not because of the lightweight wallet but the actual core wallet). This is groundbreaking!

[bdanyo]

This is possibly the biggest crypto wallet innovation that had been released in this history of the cryptoworld? Begs the question why havn't any other alt coin teams tried anything like this before. Blockchains are just going to keep on getting bigger. POS based coins don't want their users using litewallet in general as they dont secure the network or stake, but eventually when we're looking at double digit gigabytes of data, there's bound to be users that need a lite client.

But great forward thinking by the devs. You guys have stepped up your game big time. I no longer have any idea what we as a community should expect next...(in a good way! )

Most alt coin wallets are based on the Bitcoin QT wallet so they probably just don't have the skill to code something like this from the scratch.
I don't know if we can call this the biggest wallet innovation released so far but it would certainly be a welcome one to many, if not most coins.

Now that I think of it... How many coins actually have a lite wallet?

They're speeding up the syncing speed ON TOP of the lightweight wallet they're gonna release. (Meaning the faster syncing speed is not because of the lightweight wallet but the actual core wallet). This is groundbreaking!

Correct. This way our users can see and utilize their Pandacoins right after installation, and very quickly be able to participate in earning interest AND help secure the Pandacoin network to prevent 51% attacks!

All without relying on relying on a liteweight client. Any proof of stake based cryptocurrencies that survive in the long run will inevitably have gigabytes upon gigabytes of blockchain data to download, similar to Bitcoin today. There will inevitably be a large chunk of new users that will want to opt for a liteweight wallet just because they want to be able to use their coins ASAP.

However, this would mean they can't earn interest nor help secure the network. 

[Caze]

They're speeding up the syncing speed ON TOP of the lightweight wallet they're gonna release. (Meaning the faster syncing speed is not because of the lightweight wallet but the actual core wallet). This is groundbreaking!

Correct. This way our users can see and utilize their Pandacoins right after installation, and very quickly be able to participate in earning interest AND help secure the Pandacoin network to prevent 51% attacks!

All without relying on relying on a liteweight client. Any proof of stake based cryptocurrencies that survive in the long run will inevitably have gigabytes upon gigabytes of blockchain data to download, similar to Bitcoin today. There will inevitably be a large chunk of new users that will want to opt for a liteweight wallet just because they want to be able to use their coins ASAP.

However, this would mean they can't earn interest nor help secure the network.  

So we basicly get a full wallet with the speed of a lite wallet, that's nice (+ the lite wallet of course). But I'd be interested in knowing that is it technically possible to make a lite wallet that earns interest and helps secure the network? As like you said, at some point we will have big blockchains taking gigabytes of space and it would be nice to be able to stake without the need to download all that (even if it's done really fast).

[Maurizio]

Now let`s spread the word about PB V3 in public
Fantastic news.

[ozzke]

They're speeding up the syncing speed ON TOP of the lightweight wallet they're gonna release. (Meaning the faster syncing speed is not because of the lightweight wallet but the actual core wallet). This is groundbreaking!

Correct. This way our users can see and utilize their Pandacoins right after installation, and very quickly be able to participate in earning interest AND help secure the Pandacoin network to prevent 51% attacks!

All without relying on relying on a liteweight client. Any proof of stake based cryptocurrencies that survive in the long run will inevitably have gigabytes upon gigabytes of blockchain data to download, similar to Bitcoin today. There will inevitably be a large chunk of new users that will want to opt for a liteweight wallet just because they want to be able to use their coins ASAP.

However, this would mean they can't earn interest nor help secure the network.  

So we basicly get a full wallet with the speed of a lite wallet, that's nice (+ the lite wallet of course). But I'd be interested in knowing that is it technically possible to make a lite wallet that earns interest and helps secure the network? As like you said, at some point we will have big blockchains taking gigabytes of space and it would be nice to be able to stake without the need to download all that (even if it's done really fast).

I'm not a very technical person but from what I understand it's not easy to do. To make sure the network is secure you need people with full blocks. Lite wallets don't download the full blockchain but only the headers of the block. Maybe there is a way but I don't think there's an easy solution.