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Author Topic: [DRK] Instant Confirmations Instant X  (Read 2251 times)
Propulsion
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November 08, 2014, 08:16:52 PM
 #1

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.
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November 08, 2014, 08:28:34 PM
 #2

Touchless payments is where it's at for me  Tongue

The new generation have arrived and they brought their own currency...
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November 08, 2014, 08:30:12 PM
 #3

Whitepaper: https://www.darkcoin.io/wp-content/uploads/2014/09/InstantTX.pdf   Cheesy
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November 08, 2014, 08:44:04 PM
 #4

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

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anonymousxx1503
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November 08, 2014, 08:49:04 PM
 #5

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

Here come the haters! It was confirmed pretty much 2 sec after he clicked the button. Normal confirmations do not apply anymore when InstantX is enabled. The transaction is securely locked in place and cannot be double spent against, same as 6 confirmations of the regular blockchain. Something you don't get about that ?

I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014
https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
poncom
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November 08, 2014, 08:52:17 PM
 #6

Is this being added to dark coin as a new feature?
anonymousxx1503
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November 08, 2014, 08:55:19 PM
 #7

Is this being added to dark coin as a new feature?

Yes it is, the code is written and being refined now, testnet is coming too and then into the next release of Darkcoin (Current release is Darkcoin ONYX (10.15.21)).

I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014
https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
mr_random
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November 08, 2014, 08:59:38 PM
 #8

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

Here come the haters! It was confirmed pretty much 2 sec after he clicked the button. Normal confirmations do not apply anymore when InstantX is enabled. The transaction is securely locked in place and cannot be double spent against, same as 6 confirmations of the regular blockchain. Something you don't get about that ?

Actually your dev said that himself.

If he has changed his stance let me know.

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Worldcore
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wozzek23
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November 08, 2014, 09:02:02 PM
 #9

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.
So it's not actually instant at all. Just marketing bullshit.

 Smiley  Smiley  Smiley

You can always go to your bank and wire funds, go home and wait for several days for funds to clear, after paying a hefty fee, assuming your old clunker is not being towed by the police.

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November 08, 2014, 09:18:08 PM
 #10

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots
thelonecrouton
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November 08, 2014, 10:36:17 PM
 #11

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots

Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them.

Shit or get off the pot.  Grin
Propulsion
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November 08, 2014, 10:41:44 PM
 #12

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.
splawik21
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November 08, 2014, 10:49:44 PM
 #13

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.
This is the beggining! Transactions withing seconds ARE instant! Go Darkcoin Go!

stealth923
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November 08, 2014, 10:54:36 PM
 #14

Absolutely amazing. The potential here is bigger than we can even imagine.

You can tell how much Evan loves doing this and his passion and dedication is second to none in the crypto world.

Inventor of x11, dark gravity wave, darksend , instantx. Crazy
mr_random
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November 08, 2014, 11:39:02 PM
 #15

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is a quote from the DRK dev:

2 seconds was in a very small local environment! It should be 20-30 seconds in production, 10 if we're lucky.

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raico
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November 09, 2014, 12:37:54 AM
 #16

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots

jl777 ?! Man, Seriously, Are you kidding? or Are you out of your fxxxing mind?

Dash
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All good for Crypto-Currency is good for Dash, in the end~
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November 09, 2014, 01:46:31 AM
 #17

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots

jl777 ?! Man, Seriously, Are you kidding? or Are you out of your fxxxing mind?

thanks for your qualified comment. Glad that we are not on the same boat.
anonymousxx1503
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November 09, 2014, 05:11:40 AM
 #18

It still takes 10 to 15 seconds to reach 1 confirmation. Nothing special and hardly instant.

So it's not actually instant at all. Just marketing bullshit.

That's not how it works at all. It uses the MN system to verify a hash and locks the input with 10 separate entities. It takes literally seconds for confirmations.

This is rivaling Visa or Mastercard payment systems.

This is a quote from the DRK dev:

2 seconds was in a very small local environment! It should be 20-30 seconds in production, 10 if we're lucky.

that's 20-30 seconds to a totally confirmed transaction - equivalent to 6+ regular confirmations. Still something you don't get?

I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014
https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
btcprice
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November 09, 2014, 05:24:07 AM
 #19

Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage.

This not only sends the coins instantly but also confirms them making them available in seconds.

Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.be

Really very potent stuff; absolutely amazing.

this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are

https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/

first BlockNet  and now Instant X. Get own ideas faggots

Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them.

Shit or get off the pot.  Grin

Yeah, how's that working out for him so far?

 Cheesy
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November 09, 2014, 05:58:22 AM
 #20

Yea and Mazacoin is fast too

www.youtube.com/watch?v=flcTwvFDla4

But no credit there of course.

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