[ANNOUNCEMENT] NEM White Paper Released!

[kodtycoon]

NEM technical reference: https://drive.google.com/file/d/0B7wAe2jt1MMzYVJhUUFnMHQxZ1U/view

edit:

another paper out on node rewards

Announcement

The general plan for NEM node rewards has been drafted and is now ready for public comment. If you have any queries, comments or suggestions you would like to make to improve this program, please post them at the forum or at the blog.  You can download the draft here

[TheProf]

Thank you

[Litoshi]

But does POI scale to 1000 nodes?

We will see.

[Litoshi]

But does POI scale to 1000 nodes?

We will see.

why wouldnt it?

Well, as we found out with Proof of Time with XCR, you either have a centralized system that keeps track of the uptime or IMPORTANCE of each node, or you have a decentralized system where each node communicates to every other node each block to determine the pecking order. 

Works great on Testnet with 20 nodes, does not work in mainnet with 100 nodes. 

NEM is saying they are decentralized.  How you going to figure the POI every block or every X blocks without each node having to ping every other node?

[nutildah]

Gonna read this on the beach tomorrow.

[Litoshi]

You did not answer my question.  How you going to determine the pecking order?  Centralized system keeping score of the nodes POI, or decentralized, with communication between all nodes to all nodes?

[Litoshi]

You did not answer my question.  How you going to determine the pecking order?  Centralized system keeping score of the nodes POI, or decentralized, with communication between all nodes to all nodes?

obviously the nodes communicate.. i think where the issue is, is that you assume importance is calculated every block, but its not afaik.. beyond this, a dev will need to comment on it.

Your white paper does not mention how the POI is kept track of.  Having been down this road, I predict you will change to  a DPOS system. 

[BloodyRookie]

Well, as we found out with Proof of Time with XCR, you either have a centralized system that keeps track of the uptime or IMPORTANCE of each node, or you have a decentralized system where each node communicates to every other node each block to determine the pecking order. 

Works great on Testnet with 20 nodes, does not work in mainnet with 100 nodes. 

NEM is saying they are decentralized.  How you going to figure the POI every block or every X blocks without each node having to ping every other node?

Obviously every node needs to have all blocks of the block chain but that is true for all crypto currencies.
From the information in the block chain the importance of accounts can be calculated. You don't need any uptime or any other information not stored in the block chain.

[ScreamnShout]

great what is next for NEM?