[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative

[dygus]

IN LESS THAN TWO DAYS POW BACK AGAIN, SO THERE WILL BE MORE COINS. NOW IT'S FU..ING HARD TO BUY BELOW 15K

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[monsterer]

Although now I'm again somewhat lost on why full nodes that do
retain transactions in mempool and database need to depend
on these storage nodes, since the global tx pool was supposed to
do away with forking and double spend issues.

You might also legitimately ask why the blockchain even exists here, because *that* is designed to address exactly those issues as well.

[etoque]

IN LESS THAN TWO DAYS POW BACK AGAIN, SO THERE WILL BE MORE COINS. NOW IT'S FU..ING HARD TO BUY BELOW 15K

we've still had 22k more each day,and we're going to have 22k in a pow phase a day until block 150k who we gonna have 19k a day on hand.

So nothing to change...still you can put you're buy order in expectation to buy lower

It will only grab more visibility Pow...more miner,more eyes,more buyer

[YarkoL]

Although now I'm again somewhat lost on why full nodes that do
retain transactions in mempool and database need to depend
on these storage nodes, since the global tx pool was supposed to
do away with forking and double spend issues.

You might also legitimately ask why the blockchain even exists here, because *that* is designed to address exactly those issues as well.

You seem to forget that the blockchain also secures
the transaction history in a decentralized manner.

If the tx database was, say, a flat list of inputs and
outputs, there would no way to tell what is the correct
history in the absence of cumulative PoW or PoS.

[monsterer]

You seem to forget that the blockchain also secures
the transaction history in a decentralized manner.

History and transparency are an important features, I agree. Primarily, the blockchain was conceived of to solve the double spending problem, tho.

[pseudonymdude]

Needs more retweets: https://twitter.com/vanillanewsbits/status/612402595714498561

[john-connor]

Interesting, but it also reminds me of the way the master nodes work in Dash. Differences?

As I understand it... Masternodes are basically mixer nodes, but VNL does not
employ this kind of anonymity. Also the paper cites as reference
the "transaction locking" feature that was added later to masternodes,
but the mechanism is different, as with VNL the locking happens
through synchonization of "global transaction pool".

However, the paper speaks about "storage nodes" and "slots" without
defining them. A node (an "ordinary" one, I presume) must get information
about a given transaction from a set of storage nodes before it can consider the
transaction safe to spend.

A nonprofessional in P2P technology like myself can certainly get an impression
that the storage nodes are some kind of masternodes with special functions and privileges.
But perhaps they are simply the same as full nodes in Bitcoin, ie nodes that relay and retain transactions.

The way I read it is that you are on the right track with "global transaction pool". The whole pool is a distributed p2p pool of ordinary nodes and at any one time some nodes act / emulate "super peers", "storage nodes" etc. They are not distinct or permanant entities and the roles move around between nodes as time progresses. The network as whole therefore acts as a distributed p2p application in real time and therefore is a truly distributed p2p decentralised system.

Yes it is as "distributed" as you can get, DNS is even removed from the equation. Heavily compressed and encrypted data is constantly moving in a piggy-back formation allowing nodes to learn about the topology quickly and adapt to abrupt changes, keeping synchrony to a degree measured in milliseconds. These nodes are everyone and no-one at the same time.  The network is 100% "self governed" so it cannot be taken down by any entity large or small. Much code and many white-papers to come.

Thank you for your support.

[Belligerent Fool]

When does PoW mining start again and what is the latest free optimized miner ?

[traumschiff]

Interesting, but it also reminds me of the way the master nodes work in Dash. Differences?

As I understand it... Masternodes are basically mixer nodes, but VNL does not
employ this kind of anonymity. Also the paper cites as reference
the "transaction locking" feature that was added later to masternodes,
but the mechanism is different, as with VNL the locking happens
through synchonization of "global transaction pool".

However, the paper speaks about "storage nodes" and "slots" without
defining them. A node (an "ordinary" one, I presume) must get information
about a given transaction from a set of storage nodes before it can consider the
transaction safe to spend.

A nonprofessional in P2P technology like myself can certainly get an impression
that the storage nodes are some kind of masternodes with special functions and privileges.
But perhaps they are simply the same as full nodes in Bitcoin, ie nodes that relay and retain transactions.

The way I read it is that you are on the right track with "global transaction pool". The whole pool is a distributed p2p pool of ordinary nodes and at any one time some nodes act / emulate "super peers", "storage nodes" etc. They are not distinct or permanant entities and the roles move around between nodes as time progresses. The network as whole therefore acts as a distributed p2p application in real time and therefore is a truly distributed p2p decentralised system.

Yes it is as "distributed" as you can get, DNS is even removed from the equation. Heavily compressed and encrypted data is constantly moving in a piggy-back formation allowing nodes to learn about the topology quickly and adapt to abrupt changes, keeping synchrony to a degree measured in milliseconds. These nodes are everyone and no-one at the same time.  The network is 100% "self governed" so it cannot be taken down by any entity large or small. Much code and many white-papers to come.

Thank you for your support.

Sweet to know. I guess it will be almost effortless to maintain the system for any given role so they won't need any special treatment for that, so this will be a fair system.

[dygus]

When does PoW mining start again and what is the latest free optimized miner ?

ABOUT 17,5 H

[traumschiff]

When does PoW mining start again and what is the latest free optimized miner ?

Both fastest public miners are in the OP:

win | AMD - Smelter miner by Smolen - highest hash currently for AMD

Nvidia - MrM4D/xCore's miner - 30% faster and open source

[traumschiff]

340 blocks left till' POW mining resumes!

[dygus]

Nice dump, just bought more. When POW resumes there will be more opportunities to buy.

[liulby]

Now 135733, soon 136000~

[hrbt]

what are staking rewards ?

is good to put in stake VNL or it's too small rewards?

[Nthused]

what are staking rewards ?

is good to put in stake VNL or it's too small rewards?

Staking is always an incentive, when I stake I get between 0.001 VNL & 0.1 VNL, now times the larger amount by 10x stakes and you have yourself 1 VNL, it's even more energy efficient if you use it on your Smartphone or Iphone.

[statdude]

What are the POW rewards and block time etc all that good stuff?

[traumschiff]

what are staking rewards ?

is good to put in stake VNL or it's too small rewards?

Staking is always an incentive, when I stake I get between 0.001 VNL & 0.1 VNL, now times the larger amount by 10x stakes and you have yourself 1 VNL, it's even more energy efficient if you use it on your Smartphone or Iphone.

Yup, honestly staking is rewarding if you take energy efficiency into account, it's almost free. But else, since staking is set at 0.7%/year you won't get high gains at this price. Staking has a different function on this coin and it was never intended to be a main source of income.

[traumschiff]

What are the POW rewards and block time etc all that good stuff?

Currently 88 rewards, they get reduced by 1/6 of the current reward every 50k blocks, next will happen at 150k blocks. Variable block times from 80-200 seconds, but staking also takes a lot of blocks normally.

More details in the OP.

[statdude]

Does anyone have stats on what the network speed was when POW was last active?

Also is there a slack etc channel?