Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
dnaleor
on 23/02/2016, 17:52:27 UTC
Quote from: Minotaur26 on February 23, 2016, 04:51:27 PM
Quote from: HinnomTX on February 23, 2016, 04:41:33 PM
Quote from: GhostPlayer on February 23, 2016, 11:03:18 AM
A little bird told me that there is a new exchange in town that accepts InstantX transactions.

 That's how serious it's getting folk.

You mean, in addition to yesterday's awesome EXMO announcement, where it's confirmed that they accept InstantX? Very nice.

No, he is also referring to EXMO, as I heard they are accepting InstantX on deposits and withdrawals. Which is awesome!

Which is an awesome attack vector:

Quote from: dnaleor on February 23, 2016, 10:26:04 AM
Quote from: illodin on February 23, 2016, 06:37:44 AM
Quote from: dnaleor on February 22, 2016, 09:29:14 PM
Quote from: illodin on February 22, 2016, 06:47:50 AM
Quote from: dnaleor on February 21, 2016, 10:14:17 PM
It is perfectly possible (and maybe feasable) to let the masternodes write the blockchain.
Why not? If every transaction is IX, then the masternodes agree and are already responsible for securing the transactions...
So they can just write them to the blockchain as well: let the quorums just write a block.
plus side: DASH gives a bigger incentive to masternodes

If there is a fork and two chains, how do you choose the longest chain in your proposed design if there is no difficulty and the blocks keep coming in both forks in predetermined interval?

How do you do it with miners?

By utilizing the Longest Chain Rule.


So you admit that Instant X transactions shouldn't be trusted without at least one confirmation by the miners?
Do you see the problem here?