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Author Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs  (Read 2912649 times)
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willowfoot
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December 20, 2016, 01:41:04 AM
 #27161

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

 Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Going to be a domino effect once 1-2 companies go live with Catapult!

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December 20, 2016, 01:51:37 AM
 #27162

Man, this is impressive.

I think we will see a domino effect with Mijin / Nem very soon!  Cheesy

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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December 20, 2016, 02:11:11 AM
 #27163

If the main blockchain platform was NEM, I'd consider.  

This is quite possible in the future.

We are not locked to a certain blockchain forever and can always shift to a more advanced one

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December 20, 2016, 02:15:26 AM
 #27164

They are planning to port their software to other blockchains too.

What this exactly mean is unclear.
Replicating every transaction on every blockchain? Seems quite hard...

No, we will issue stable coins on NEM blockchain to enable any NEM user to transact/store fiat measured values.

I hope it will contribute to development of NEM ecosystem a little bit.

We also explore using NEM blockchain in LaborX marketplace

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December 20, 2016, 02:17:34 AM
 #27165


They are planning to port their software to other blockchains too.

What this exactly mean is unclear.
Replicating every transaction on every blockchain? Seems quite hard...

Its not the first project Ive heard of that can run on more than one blockchain.
But im sure they will see the benefits of NEM once they start using it Smiley

We absolutely do see the benefits of NEM, it's why it's on the very short list of projects in the Crypto sphere that we will be porting to!

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December 20, 2016, 02:44:41 AM
 #27166

All I can say to the Chronobank team is that you wont be disappointed at what NEM has to offer you Smiley

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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December 20, 2016, 10:56:24 AM
 #27167

If the main blockchain platform was NEM, I'd consider.  

This is quite possible in the future.

We are not locked to a certain blockchain forever and can always shift to a more advanced one

IF you want to use Ethereum software for something.
Use the Classic version (ETC) instead of the corrupted/spammed/centralized version (ETH).

Spare yourselves with the drama and Hard Forks =)

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December 20, 2016, 11:24:18 AM
 #27168

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast. 

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

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December 20, 2016, 11:57:13 AM
 #27169

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast. 

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

For comparision, how many tx can bitcoin do per second?
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December 20, 2016, 01:13:40 PM
 #27170

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast. 

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

For comparision, how many tx can bitcoin do per second?

3 or 4 transactions

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December 20, 2016, 03:02:08 PM
 #27171

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast.  

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

sounds good, but how many accounts were active in this environment? 10 million? sounds also good but should be more (visa has for example >800 million accounts).
the speed should be depending much on the number of accounts and also the length of the transactions stack since go-live, because the database calls will become slower, when the tables are longer...
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December 20, 2016, 07:12:08 PM
 #27172

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast.  

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

sounds good, but how many accounts were active in this environment? 10 million? sounds also good but should be more (visa has for example >800 million accounts).
the speed should be depending much on the number of accounts and also the length of the transactions stack since go-live, because the database calls will become slower, when the tables are longer...

Mmmmhhh.......but, how many people (in a full time job(dev´s)) and how much money or which infrastructure works for visa......?   Wink

Visa started 1970/1976 .....Huh 
tomwest
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December 21, 2016, 09:44:01 AM
 #27173

so when should be next NEM milestone reached?

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December 21, 2016, 10:36:52 AM
 #27174

so when should be next NEM milestone reached?

Somewhere in Q1 2017

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December 21, 2016, 12:55:03 PM
 #27175

so when should be next NEM milestone reached?

depends what milestone do you have in mind

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December 21, 2016, 01:15:06 PM
 #27176

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast.  

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

sounds good, but how many accounts were active in this environment? 10 million? sounds also good but should be more (visa has for example >800 million accounts).
the speed should be depending much on the number of accounts and also the length of the transactions stack since go-live, because the database calls will become slower, when the tables are longer...

Mmmmhhh.......but, how many people (in a full time job(dev´s)) and how much money or which infrastructure works for visa......?   Wink

Visa started 1970/1976 .....Huh  

a visa is not practical and outdated 20 years ago
... bitcoin too outdated 5 years ago...
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December 21, 2016, 03:42:58 PM
 #27177

That exactly Balance (network) and Balance (nembex) mean in xem blockchain explorer?

Quote
... bitcoin too outdated 5 years ago...

yep, 100gb blockchain and obvious segwit fail make me think that now we see last bitcoin pump ever Sad
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December 21, 2016, 03:51:18 PM
 #27178

That exactly Balance (network) and Balance (nembex) mean in xem blockchain explorer?

Quote
... bitcoin too outdated 5 years ago...

yep, 100gb blockchain and obvious segwit fail make me think that now we see last bitcoin pump ever Sad

I Don't think the price will fall in near future even if it does
 it 's still and it will remain an entry point to any other altcoin for long time.  Sad



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December 21, 2016, 04:02:13 PM
 #27179

Nem Catapult reached 3085 tx/s average and 4142 tx/s at maximum.

holy crap. Smiley

https://www.sakura.ad.jp/press/2016/1220_blockchain/

Very good news for NEM. The new Catapult technology was tested by third parties and found out to be very fast.  

In summary, Catapult was tested on three nodes that were turned off and on to simulate outages.  They were spammed over 4000 tx/s.  Spam was sent from over 10 million accounts.  And everything worked great!

sounds good, but how many accounts were active in this environment? 10 million? sounds also good but should be more (visa has for example >800 million accounts).
the speed should be depending much on the number of accounts and also the length of the transactions stack since go-live, because the database calls will become slower, when the tables are longer...

Mmmmhhh.......but, how many people (in a full time job(dev´s)) and how much money or which infrastructure works for visa......?   Wink

Visa started 1970/1976 .....Huh  


its about the test significance, not visa...
bitcoin can not scale, because those kind of questions were not asked before...
For example if the transaction rate went down only linear with the amount of users you will be down to 50 tx/s with 800 million users. And if nem was about to replace visa (whenever it would be the case), everyone would shout omg, why didn't you think about that before...
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December 22, 2016, 08:57:22 AM
 #27180

I hope that the devs doesn't release Catapult in December, because of the Bitcoin pump.
This is possible; Target $1400.



Q1 2017 (like the whitepaper says) seems a perfect timing for me when the BTC pump settles and the money flows into alts.

Anyway... I'm planning to buy more XEM in December if BTC peaks.

Hi XEM !

Welcome to my price target. Time to buy some cheap XEM's.

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