Details
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AboutComputer science enthusiast
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Skillsjavascript,blockchain,nodejs,mongodb,ethereum,machine learning noob,java
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Locationlocalhost
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Github
Joined devRant on 11/5/2017
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White Background yay! 😀
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📌
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@torvim
1. Its Total waste of energy
2. Almost centralised to mining pools
3. Storage use
4. Low transaction speed
5. transaction confirmation time is high
6. Transaction cost
7. Scalability
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mobile. Are you setting the sort as algo or recent?
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@C0D4 Just shows only some of the rants and not all of them
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But its just hard to find old collabs.
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@torvim Ever heard of Bitcoin??
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And if the new node receives a new transaction it will check if the input txos are valid by traversing through the whole tree upto the root so that he can add the new transaction to his tree. Then he can find out that he is having a manipulated copy of tree.
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Awesome!
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Or maybe the node can download the same tree from a few nodes and check if they are same or else its tampered.
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Just like a blockchain you can verify the tree you got from a node. There will be a root like a genesis block and all the transaction are with verified signature of the sender. so someone downloading the tree can verify if it is tampered or not
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@PrivateGER Thats is like what if the blockhain you downloaded is manipulated?
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May be I am explaining it wrong or something. Read IOTA white paper you will get the concept.
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When you download the wallet on a pc you get the tree.. Only light devices you keep only the leaves.
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There is only one tree through out the network. Everyone using the coin keeps the tree.
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Just like IOTA people can only keep a part of the binary tree with their transaction leaf.
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There is no concept like node in this network. The people who use the coin keep the binary tree.
There are only wallets which have the binary tree with it. -
@Kimmax This is not a blockchain..
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In bitcoin network miners are needed because the block need to be mined to form consensus. This introduces a mining fee so that miners will take time and add the transaction to blocks.
In the proposed network there no need to do mining since there is no block to mine. The transactions form a binary tree so each transaction(a node) can be verified upto the root node. -
Firstly these so chain.
When I refer to node I mean people who use this coins. The people use the coin run the nodes. There are no miners in the network. -
Advantages
1. There is no mining so no wastage of energy.
2. No transaction fees.
3. Fast TPS -
I need you guys to improve upon this idea.
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just a thought...
you can run ads with using or depending on use data -
any updates?
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okay let me try. i have install linux again.
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@-vim- So far I have tried unity,budgie, gnome, (those are my fav). If gnome had non integer scaling i could have changed the font size. Kde seems ok
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read the bitcoin or ethereum whitepaper. Its a great start
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Like the name!
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Remember , If internet explorer can ask to be the default browser, you can ask out any girl in the world!
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Seems good! I think in India same problem exists.