Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite - NEW Thread | 1st mini-blockchain coin | Bounties!
by
d5000
on 19/01/2018, 15:57:07 UTC
I only can do that, if I believe in your currency.

So make me a believer.

Why is your currency better that dog/panda/... coin?
I don't know why chrysophylax got upset, I think you don't deserve that because you asked in a polite manner.

I'm not a developer of this coin (well, I tried to fix a recent bug but I terribly failed, it seems Wink ). I'm not even a heavy investor (partly because of the exchange problems). But I am a "believer".

At least, I think Cryptonite has to offer something unique.

If you look at Bitcoin, then you will notice that there is a lot of congestion in the blockchain. Transaction fees are very high, but that isn't the real problem:  The real problem is that there's simply no space for more than 7-10 transactions per second, in the best case if Segwit is used by the entire Bitcoin user community.

Cryptonite is one of the few coins that have a real solution for that: the mini-blockchain scheme. Full Nodes must only sync the blocks of the last week or so. That makes it much less problematic to offer bigger blocks. The only other coin that has a similar solution is Ardor and it's a top-30 coin and much newer.

So I think XCN is the "better Bitcoin Cash". (Look where BCash is, in terms of price.)

There may be alternatives to this scaling way, like LN. But I have read a lot about LN and the mini-blockchain solution has some advantages. In particular, it keeps the totally trustless transaction model, while LN is only "almost trustless".

PS: I plan to engage in marketing for XCN in the near future. But for now, I'm busy with a feature in Slimcoin (the feature is a simple, easy-to-use decentralized web) - another coin I fully support because of its innovative approach. Once the feature is usable and stable I'll do more for communication for both coins Wink