Bitcoin Crown Official
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May 03, 2018, 09:12:12 AM |
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I don't think apple will pass any wallet-like app, so only possibility for ios is web wallet
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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cryptonit
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Activity: 3038
Merit: 1053
bit.diamonds | uNiq.diamonds
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May 03, 2018, 01:13:08 PM |
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I don't think apple will pass any wallet-like app, so only possibility for ios is web wallet
thats not true example coinomi is available on IOS and its a multicoin wallet app |
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ivankotovic56
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May 03, 2018, 05:46:09 PM |
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It seems to me that XEM will not receive a new push in growth if its policy goes in such a way as now, young competitors are breathing in the back, the team needs new significant partnerships
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Flodner
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May 03, 2018, 05:48:23 PM |
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Really cool thing and thank you very much for sharing. I really hope that more and more shops/ service provider.... will accept crypto and especially xem in the future. I really like the work done by Travelbit in Australia too. Great to have some real usage. It should just be a good experience for every party involved, because that would really help spreading the word.
You are welcome! I used crypto for payment in that cafe several times, and sometimes with other crypto there were some technical problems. I hope they are resolved and of course the payment system will be upgraded. And NEM worked well and very fast. I heard that Coinomi also works well there, will try it next time |
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tongokongo
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Activity: 172
Merit: 134
Explore Crypto
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May 03, 2018, 09:47:18 PM |
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Very nice study! Ok, so NEM's algorithm is POI and it is a version of PoS.
Explanation (tl;dr):
In this study, author is showing what is the difference between just balance and importance based harvesting. Technically importance is calculated on the account activity base (so transactions with over 1000 XEM). The result from this particular study says that actual NEM algorithm (PoI) is not much different if there wouldn't be this "importance" part in it, and harvesting probability would be similar in both cases. So the most probability of harvesting a block is comming from a "balance" parameter, not exactly from "importance" parameter.
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LemonAndFriesOne
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Activity: 1050
Merit: 1000
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May 03, 2018, 11:44:55 PM |
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It seems to me that XEM will not receive a new push in growth if its policy goes in such a way as now, young competitors are breathing in the back, the team needs new significant partnerships
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pow2poiConvert
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May 03, 2018, 11:52:50 PM |
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Bazzzil86
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May 04, 2018, 07:41:11 AM |
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Alohaboy?!
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May 04, 2018, 07:44:10 AM |
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well done. Always great to have those things visible. I really think that's a quite good distribution of nodes. it might not be the official one but a lot of people seem to be using it and are quite happy. |
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jkoil
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May 04, 2018, 02:26:59 PM
Last edit: May 04, 2018, 05:05:25 PM by jkoil |
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Very nice study! Ok, so NEM's algorithm is POI and it is a version of PoS.
Explanation (tl;dr):
In this study, author is showing what is the difference between just balance and importance based harvesting. Technically importance is calculated on the account activity base (so transactions with over 1000 XEM). The result from this particular study says that actual NEM algorithm (PoI) is not much different if there wouldn't be this "importance" part in it, and harvesting probability would be similar in both cases. So the most probability of harvesting a block is comming from a "balance" parameter, not exactly from "importance" parameter.
good compendium  from this https://docs.google.com/document/d/13M3wbdjI0Nzx-OKAd0dRCfOYFA_oT9Ydg96DkiUBsDs/edit?usp=sharingThere is also referred to a sheet https://docs.google.com/spreadsheets/d/1LMLgretbB0EsRc8rAnvZQm_PEhtTeMqcku-VlN6iBTM/edit?usp=sharingwhere one can compute his/hers own statistics. Maybe someone can find more positive results... |
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NorrisK
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Activity: 1946
Merit: 1007
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May 05, 2018, 10:00:50 AM |
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Very nice study! Ok, so NEM's algorithm is POI and it is a version of PoS.
Explanation (tl;dr):
In this study, author is showing what is the difference between just balance and importance based harvesting. Technically importance is calculated on the account activity base (so transactions with over 1000 XEM). The result from this particular study says that actual NEM algorithm (PoI) is not much different if there wouldn't be this "importance" part in it, and harvesting probability would be similar in both cases. So the most probability of harvesting a block is comming from a "balance" parameter, not exactly from "importance" parameter.
good compendium from this https://docs.google.com/document/d/13M3wbdjI0Nzx-OKAd0dRCfOYFA_oT9Ydg96DkiUBsDs/edit?usp=sharingThere is also referred to a sheet https://docs.google.com/spreadsheets/d/1LMLgretbB0EsRc8rAnvZQm_PEhtTeMqcku-VlN6iBTM/edit?usp=sharingwhere one can compute his/hers own statistics. Maybe someone can find more positive results... Just looks like it rewards highly active wallets instead of wallets that make a few transactions a week. I don't think you are supposed to gain massive importance if you just transfer some XEM to an exchange every now and then. |
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jkoil
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May 05, 2018, 01:53:13 PM |
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Very nice study! Ok, so NEM's algorithm is POI and it is a version of PoS.
Explanation (tl;dr):
In this study, author is showing what is the difference between just balance and importance based harvesting. Technically importance is calculated on the account activity base (so transactions with over 1000 XEM). The result from this particular study says that actual NEM algorithm (PoI) is not much different if there wouldn't be this "importance" part in it, and harvesting probability would be similar in both cases. So the most probability of harvesting a block is comming from a "balance" parameter, not exactly from "importance" parameter.
good compendium from this https://docs.google.com/document/d/13M3wbdjI0Nzx-OKAd0dRCfOYFA_oT9Ydg96DkiUBsDs/edit?usp=sharingThere is also referred to a sheet https://docs.google.com/spreadsheets/d/1LMLgretbB0EsRc8rAnvZQm_PEhtTeMqcku-VlN6iBTM/edit?usp=sharingwhere one can compute his/hers own statistics. Maybe someone can find more positive results... Just looks like it rewards highly active wallets instead of wallets that make a few transactions a week. I don't think you are supposed to gain massive importance if you just transfer some XEM to an exchange every now and then. "looks like it rewards highly active wallets instead of wallets that make a few transactions" Where does it show so? The correlation between harvested blocks and transactions is only 0.13. ofc the "active" may mean in PoI also the amount of sent XEMs, but that is not visible in that data. BTW, where is used that "you" instead of passive expression. Sometimes "you" is quite distractive  |
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YoungBoss18
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Activity: 196
Merit: 23
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May 05, 2018, 07:53:41 PM |
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It seems to me that XEM will not receive a new push in growth if its policy goes in such a way as now, young competitors are breathing in the back, the team needs new significant partnerships
Partly you are right. But I am more for the fact that this project will develop successfully. We just need to wait and we'll see a good price for a coin. |
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ruletheworld
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Activity: 1386
Merit: 1045
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May 05, 2018, 10:43:35 PM |
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how many shops accept nem for payments? we are the perfect crypto for fast payments, please contact merchants, we're perfect for them
Crypto payments is always going to be tricky business. Until a scale is reached, it is harder for merchants to justify this cost of changing their POS. On the other hand, you can use crypto like NEM when you transact peer to peer in the crypto community. |
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BitcoinArsenal
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May 06, 2018, 09:29:12 AM |
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Just looks like it rewards highly active wallets instead of wallets that make a few transactions a week.
I don't think you are supposed to gain massive importance if you just transfer some XEM to an exchange every now and then.
I'm not a big whale. But now and then I find a block. Usually with a few fees but sometimes even with a three-digit number of fees (once so far). What I've noticed is that I find more blocks in shorter time if I had previously transferred XEM. That's why I think it has influence. But if it is that big, I can not really guess with my stake. |
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