Recent Posts

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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by Aldiansyah on December 15, 2018, 07:56:32 PM »
Pot algorithms must be unique so that the new algorithm is better known by crypto users and is better than pow and pos
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by Aldiansyah on December 15, 2018, 07:46:44 PM »
Taucoin real project dezentralized and mobile mining
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by vncntluv on December 15, 2018, 07:38:56 PM »
We developed theory of "single utility on one chain" after adopt UTXO. recently we never revisit this since the dev is under way. Thanks to Lod raise this up, in beginning of TAU, we strongly feel address with balance is more important, but affacted by social discussion on privacy, we think we can follow bitcoin routing. however, in reality, semi anonymous cause resource waste on main-net.
Verifying all inputs is also a burden on mobile device.
Thanks "kriptolab" for remind us again on original choice.
Why is account with balance more important? Does that claims to be like proof of stake in any form? I know some that use the account balance to earn passive income in POS.
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by Kriptolab on December 15, 2018, 01:09:34 PM »
Thanks also to accept being original, yes we should be and more critically is to be unique with our POT concept
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by imorpheus on December 15, 2018, 01:02:20 PM »
We developed theory of "single utility on one chain" after adopt UTXO. recently we never revisit this since the dev is under way. Thanks to Lod raise this up, in beginning of TAU, we strongly feel address with balance is more important, but affacted by social discussion on privacy, we think we can follow bitcoin routing. however, in reality, semi anonymous cause resource waste on main-net.
Verifying all inputs is also a burden on mobile device.
Thanks "kriptolab" for remind us again on original choice.
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by Kriptolab on December 15, 2018, 11:39:39 AM »
each transaction is about 200 bytes, 1kb is about 5 transactions. we are looking at whether utxo or account system to fit this situation from both transaction size and privacy consideration now.
UTXO model is much simpler than the account model in terms of scalability, and importantly, it allows the consensus model of Bitcoin (PoW) to remain simple.

What about TAU (POT), will it have same impact?? If yes, then it has important ramifications for the scalability and security of the network overall and eventually allows for Simple Payment Verifications (but also better for privacy and data compression as you stated in your wp v0.4)

Still in terms of programmability, UTXO model is weak and complex computational is almost impossible.

Also, the growth of the numbers of inputs in UTXO is proportional to the increase in the associated witness scripts, this will cause an increase in computational and storage burden on the Blockchain especially when verifying them, I raise the question(s) how will you (iMorpheus/TAU devs) be able to solve these problems to make sure TAU is unique from others and stand with its own feet?

Because I remember you first choice was address model with balance.
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by Mr. Wolf on December 15, 2018, 09:43:00 AM »
each transaction is about 200 bytes, 1kb is about 5 transactions. we are looking at whether utxo or account system to fit this situation from both transaction size and privacy consideration now.

Does this mean that even the main net is still experimental? IF so, then, when UTXO system proves not sufficient, are we going into account system?
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by imorpheus on December 14, 2018, 09:57:21 PM »
each transaction is about 200 bytes, 1kb is about 5 transactions. we are looking at whether utxo or account system to fit this situation from both transaction size and privacy consideration now.
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by zityx23 on December 14, 2018, 05:25:27 AM »
 
How do we expect to get lots of mining power in mobile mining if the block size is 1kb? And what was mentioned earlier is that it can handle 3 transactions ONLY per second. Is this true? I believe that the value of encouraging miners to mine for a long time is to see the worth of the coin they are mining. Since web wallet mining power is not automatically transferred to the android wallet (As I've read in the discussions), everyone will start at the genesis block and since block size is reduced, transactions will be a lot slower than the test net phase. It would further increase transaction fees in the process and might become costly (in terms of gaining self mining power through own transaction) thus delivering a not-effective-way-of-mining. If I send 10 TAU to my own address to increase self mining power yet I get only 0.001 TAU in the process of mining and the value of TAU is $1 (for example), then time will come for more congestion in the blockchain resulting in a higher tx fees than what is mined.
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Bounty / Re: "Proof of Transaction" consensus debate - 10 million TAU 12 months
« Last post by imorpheus on December 13, 2018, 09:35:18 PM »
yes.
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