Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Tante-splanation
Tante elevated to "splanation" grade.Congratulations
Well she definitely deserves to be recognized for her epic contributions to our understanding of quorum based systems.
So now in an infinitely impossible to manipulate quorum of 8 nodes, you can be certain that they will do their work securely, or the quorum's work will be rejected.
And as far as transactions go, Evan said every transaction will now be instantX transactions, approved by one of the quorums. Again, miners will have no say as to what is included in the blockchain. If they include something that was not approved, it would be rejected. Only their hash will be used to select the quorums. I don't know which hash, it might be the next one, it might be a random one on the chain?? The latter might make sense as we would have to (at this time) have 400+ hashes to put each MN to work (or select nearest to farthest from a single hash?)
Thus, we can already compete quite well against big money transmitters such as Visa, MC, etc... The capacity is limitless.
And as far as transactions go, Evan said every transaction will now be instantX transactions, approved by one of the quorums. Again, miners will have no say as to what is included in the blockchain. If they include something that was not approved, it would be rejected. Only their hash will be used to select the quorums. I don't know which hash, it might be the next one, it might be a random one on the chain?? The latter might make sense as we would have to (at this time) have 400+ hashes to put each MN to work (or select nearest to farthest from a single hash?)
Thus, we can already compete quite well against big money transmitters such as Visa, MC, etc... The capacity is limitless.
I expect such magnificent Tant-splanations listed in the References at https://en.wikipedia.org/wiki/Quorum_%28distributed_computing%29 very soon...