TwinWinNerD
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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August 01, 2014, 06:21:11 PM |
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Ripple = RIPple
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ChuckOne
Sr. Member
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Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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August 01, 2014, 06:26:29 PM |
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dzarmush
Legendary
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Activity: 1806
Merit: 1001
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August 02, 2014, 03:01:44 AM |
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Ripple = RIPple
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open82buy
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August 03, 2014, 02:57:19 AM |
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Do we have job description? Quality Troll Wanted! Here's my resume: Its me! Its my presence in this forum. I am a quality troll too, not just an average "oops spilt some haterade on you" troll. I believe in ripping down imperfection without offering an alternative solution, all in an irritating passive-aggressive manner. Here's a sample: "Wow, I can't believe NXT is still around. It had some potential, shame about that 100% premine though." Do I get the job?? More proof that you are a TROLL.
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eagleeye1234
Newbie
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Activity: 14
Merit: 0
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August 03, 2014, 04:54:01 AM |
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If NXT largest competitor is Bitshare, I could not find any information on Bitshares block time?
If NXT has the best features then it will be HUGE!
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devphp
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August 03, 2014, 04:56:47 AM |
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If NXT largest competitor is Bitshare, I could not find any information on Bitshares block time?
If NXT has the best features then it will be HUGE!
BitsharesX is not designed to be decentralized, that's why their block time is very small, only 10 seconds. Just like Ripple has a 15 second block time. In fully decentralized systems block times with less than 1 minute result in a high number of orphan blocks.
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eagleeye1234
Newbie
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Activity: 14
Merit: 0
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August 03, 2014, 05:09:12 AM |
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If NXT largest competitor is Bitshare, I could not find any information on Bitshares block time?
If NXT has the best features then it will be HUGE!
BitsharesX is not designed to be decentralized, that's why their block time is very small, only 10 seconds. Just like Ripple has a 15 second block time. In fully decentralized systems block times with less than 1 minute result in a high number of orphan blocks. If so how will NXT get down to instant transactions? Also what do you mean by decentralized vs centralized and which one would be better?
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devphp
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August 03, 2014, 05:18:05 AM |
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If so how will NXT get down to instant transactions? Also what do you mean by decentralized vs centralized and which one would be better?
In Bitshares users vote for a pre-defined number of delegates (forgers in NXT terms). In NXT it's a randomized process of who forges the next block and there is no pre-defined number of forgers, no voting. When TF is enabled, the system will be able to predict who forges the next block, but it should still stay randomized as to choosing a forger. Predicting the next forger makes it possible to implement Instant Transactions. Well, obviously, decentralized is better, because that's the general and primary purpose of crypto currencies, isn't it? In designing a crypto special emphasis should be on keeping it as decentralized as possible, keeping it as close to peer-to-peer model as possible instead of designing something similar to server-client model, which leads to centralization, but gives an advantage of short block times.
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eagleeye1234
Newbie
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Activity: 14
Merit: 0
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August 03, 2014, 05:47:00 AM |
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If so how will NXT get down to instant transactions? Also what do you mean by decentralized vs centralized and which one would be better?
In Bitshares users vote for a pre-defined number of delegates (forgers in NXT terms). In NXT it's a randomized process of who forges the next block and there is no pre-defined number of forgers, no voting. When TF is enabled, the system will be able to predict who forges the next block, but it should still stay randomized as to choosing a forger. Predicting the next forger makes it possible to implement Instant Transactions. Well, obviously, decentralized is better, because that's the general and primary purpose of crypto currencies, isn't it? In designing a crypto special emphasis should be on keeping it as decentralized as possible, keeping it as close to peer-to-peer model as possible instead of designing something similar to server-client model, which leads to centralization, but gives an advantage of short block times. Oh nice. Sounds great. Who is working on the implementation of Instant Transactions and do they need funding to do this faster?
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devphp
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August 03, 2014, 05:55:59 AM |
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Oh nice. Sounds great. Who is working on the implementation of Instant Transactions and do they need funding to do this faster?
According to this IT is still in design phase, because it depends on TF. Not sure about funding though, there are other priority features on the list, TF/IT is promised to come before the end of November, but after other features have been implemented.
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stereotype
Legendary
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Activity: 1554
Merit: 1000
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August 03, 2014, 07:10:40 AM |
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Who is working on the implementation of Instant Transactions and do they need funding to do this faster?
Immediate/short-term funds for certain projects is not really the problem. They need good Devs, if you know of anyone.
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ChuckOne
Sr. Member
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Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
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August 03, 2014, 10:49:36 PM |
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newNEM
Newbie
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Activity: 37
Merit: 0
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August 04, 2014, 05:26:11 AM |
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Good to know the NXT's advanced function is in progress of popularity and I hope it will gain more attractive from users and devs so that the coin could be the master of Crypto Currencies.
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asdlolciterquit
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August 04, 2014, 09:02:17 AM |
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Slowly the price is rising! great!
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empowering
Legendary
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Activity: 1078
Merit: 1441
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August 04, 2014, 12:33:39 PM |
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Anyone any idea what on earth is happening with DGEX? supposed to reopen on the 1st - and has not and now radio silence ... really not amused tbh.
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"A foolish consistency is the hobgoblin of little minds"
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empowering
Legendary
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Activity: 1078
Merit: 1441
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August 04, 2014, 01:09:49 PM |
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"A foolish consistency is the hobgoblin of little minds"
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asdlolciterquit
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August 04, 2014, 02:04:22 PM |
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If NXT largest competitor is Bitshare, I could not find any information on Bitshares block time?
If NXT has the best features then it will be HUGE!
i think that NXT's largest competitor is NEM
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