[ANN][XCO] Xcoin | PoS | No Premine & No IPO

[el3ab]

UPDATE: Was looking into the blockchain acting in doubletime and was told that sending confirms almost instantly, people are correlating this to some sort of "instantx" transaction. Heres what I saw:
SHA miners are finding blocks worth 500 coins but every time there are no transactions included... (im not saying there wont be proof of an sha block found with transactions)
POS stakers are finding blocks worth their 3%+transaction fee near INSTANTLY when a transaction needs to be included in a block.

Ive seen a coin before where when the mempool or whatever was empty it created dummy work. so the dev spammed the chain to provide work every minute which was usually solved in less time. because all the work that could be done was on hold waiting for the mempool to fill, the diff required to solve did not reflect the amount of work capable/readily available, when the mempool filled a block was solved very quickly.

Applies to XCO: if stakers are only solving blocks when theres a transaction(s) to include then inconsistancey in usage will lead to lower diff and higher stakes available so the second transactions appear a solution is found and theyre included/broadcast in a block.

Shitty Example: 20 guys wait at a crosswalk to help seniors, as soon as one arrives there is no wait.

Anyways if this is true, people could spam the chain with tx to limit the POW blocks and reduce the overall supply. if its not true i have a wild imagination.

Thoughts?

Actually, its simply fast to confirm (less than 1 minute target) because pos is active during pow.
Average time for a block to be found is 25 seconds now.
When pow ends the average time for a pos block to be found will be 60 seconds.
Sending coins does not make pow shorter and it does not make a block found. Blocks are found regardless of if there are transactions.

About the coins being sent instantly, that is not true. They are broadcast and known to the peers instantly because the internet is fast and we have good nodes. But, they are not confirmed until people find a block(the average for this, is half the average block time) so while its hybrid pow/pos now, the transaction will have the first confirmation in average 12.5 seconds. when pow ends, the average will be 30 seconds to enter a block. but each block still is found at an average of 25 seconds durring pow, and average of 60 seconds when pow ends.

First I'd like to apologize for not having a clue how things work. Having said that, I run some tests and I could swear the transactions speed up the blocks somehow??

Here's what I did: Sent a bunch of 10 XCO TXs to myself, alternating from different confirmed inputs for each tx (Im clumsy but I did it as fast as i could, ie selecting inputs pasting the address and sending). Started on block 18,390 this is what the block explorer says: from 18,390 and up blocks appear to have been solved with stake diff? and average time decreased a lot as opposed to 1tx 500 PoW blocks before I started my "test"

grey parts are prior to my transactions and the red letters are seconds from previous block.

https://i.imgur.com/vnvoUF9.jpg


sorry again, I guess it is evident I am technically challenged for this kind of stuff.
 

I promise. the average time for finding a block while pow is running is currently about 25 seconds. You can check here http://www.blocktree.io/charts/XCO Your tx ill be included in a block at half that time (so 12.5 seconds) while pow is running.
If you send a million transactions now, it wont make a million blocks come...

[jimblasko]

Made a couple logos for your coin. If you want different colors or font just let me know.

[xrn]

el3ab check yours PM What do you think about IRC channel for Xcoin ? I think it can be usefull, we can help young members and we can have fast contact with you.

[el3ab]

Guys, i have realized the min 25k coins to get good rewards is ridiculous.
Even with the auto splitting, only 50 people have more than 25k coins. also everytime you stake you need to combine it again.
I want to change the minimum input to 999 coins. And want to make it a smoother difference in rewards. And put a max reward somewhere higher. And also lower the rewards as time passes like pow does.

For this, it needs serous changes to be made in the protocol.
We should create a test coin with same specs that xcoin has now. then i put the changes on the testcoin and we see if it works. Then once it works i push the changes to xcoin.
The testcoin would be just a test. The chain will be reset a few times probably on the testcoin. Then the chain will end. so dont invest the testcoin. Mine it only to test with me. I hope some people want to test it with me. So we can make xcoin better than it is now.

[xrn]

Guys, i have realized the min 25k coins to get good rewards is ridiculous.
Even with the auto splitting, only 50 people have more than 25k coins. also everytime you stake you need to combine it again.
I want to change the minimum input to 999 coins. And want to make it a smoother difference in rewards. And put a max reward somewhere higher. And also lower the rewards as time passes like pow does.

For this, it needs serous changes to be made in the protocol.
We should create a test coin with same specs that xcoin has now. then i put the changes on the testcoin and we see if it works. Then once it works i push the changes to xcoin.
The testcoin would be just a test. The chain will be reset a few times probably on the testcoin. Then the chain will end. so dont invest the testcoin. Mine it only to test with me. I hope some people want to test it with me. So we can make xcoin better than it is now.

Great idea with this testcoin, we can test different ways and choose the best. For me minimum input 999 is to low because if you want to have good reward, good stake you must invest some money and you cant have open 100 wallets because you must to have coins for them. 25k coins is very good numbers because total xcoins will be ~ 10kk (25k is only 0.25%)

But very great things for people will be

 It would be a nice feature to have automatic coin control which groups the IO into 25K coin blocks.

That should be pretty easy to do. I'll work on it.

[el3ab]

Made a couple logos for your coin. If you want different colors or font just let me know.

https://i.imgur.com/7Em2qff.png
https://i.imgur.com/S0OwlvW.png
https://i.imgur.com/BK3lmJs.png

Hey Jimblasko
Thank you
Tell me your Xcoin address I'll send you a tip!

[SkyValeey]

Wow, Jim, the UNB Dev is here!

Thanks for logos - but - to be honest - I think XCO needs much better logo made by pro graphic...

Maybe logo contest??

Btw. I resend my XCO in 25k chunks and staking now but receiving only 0.01, 0.03, 0.04 etc., often than 10-20 xco from 200-300k stake, but it sucks.

I think I'll stay with one big input like 300k.

[powersup]

Guys, i have realized the min 25k coins to get good rewards is ridiculous.
Even with the auto splitting, only 50 people have more than 25k coins. also everytime you stake you need to combine it again.
I want to change the minimum input to 999 coins. And want to make it a smoother difference in rewards. And put a max reward somewhere higher. And also lower the rewards as time passes like pow does.

For this, it needs serous changes to be made in the protocol.
We should create a test coin with same specs that xcoin has now. then i put the changes on the testcoin and we see if it works. Then once it works i push the changes to xcoin.
The testcoin would be just a test. The chain will be reset a few times probably on the testcoin. Then the chain will end. so dont invest the testcoin. Mine it only to test with me. I hope some people want to test it with me. So we can make xcoin better than it is now.

Sounds like a plan.  Agree, the 25K does seem excessive.  

[jimblasko]

Made a couple logos for your coin. If you want different colors or font just let me know.

Hey Jimblasko
Thank you
Tell me your Xcoin address I'll send you a tip!

Hey Thanks! Keep up the good work, nice to see sha256 coins with no premine.

MY XCO Addy:  XL3CQaYjHZHj62ekRiijrurzRxzCeUJ1bD

[HelloCrypto]

Here's a concept for a logo. Feel free to use it - donations accepted: XVrE6cjxoqvP75WZUyugnGfY2qcicePike

[el3ab]

Here's a concept for a logo. Feel free to use it - donations accepted: XVrE6cjxoqvP75WZUyugnGfY2qcicePike

https://i.imgur.com/5Jq0FEt.png

nice concept

[SkyValeey]

Yes, good design - simple and classy.
Maybe a little futuristic (but still simple) font will be better?

[xrn]

Here's a concept for a logo. Feel free to use it - donations accepted: XVrE6cjxoqvP75WZUyugnGfY2qcicePike

This is very very nice project gz HelloCrypto... this points and lines can shows network, i m graphic and I am very critical but like it

[HelloCrypto]

Yes, good design - simple and classy.
Maybe a little futuristic (but still simple) font will be better?

Sure, whatever floats your boat.

[HelloCrypto]

Here's a concept for a logo. Feel free to use it - donations accepted: XVrE6cjxoqvP75WZUyugnGfY2qcicePike

This is very very nice project gz HelloCrypto... this points and lines can shows network, i m graphic and I am very critical but like it

Thanks! 

[HelloCrypto]

Someone sent me 1500 XCO. Muchas gracias Señor! 

[jimblasko]

Just another couple ideas..

[xrn]

Ok my try Just for project because i had time

[xrn]

Btw at now is last 3 days PoW phase !

[el3ab]

Ok my try Just for project because i had time

https://i.imgur.com/tiot9dJ.png

Wow!