Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FuturoCoin - cryptocurrency with instant payments launched.
by
funminer
on 21/02/2018, 17:09:58 UTC

Unfortunately, you are in error.
This is due to a laconic checking of the source code or whitepaper.
The source code is based on dash but unlike dash masternoodes do not commit blocks, do not also give rules how the blockchain should be constructed - this solution is in DASH
NOT IN FUTURO - FIRST MISTMACH
And this is the main difference masterndodes here and dash. You did not check it, you only chose certain details, you write stupidity and false.

In Futuro Masternode, they are NOT responsible for confirming whether blockchain structures and miners and only miners. Masternods only have the task of powering the company's budget and enforcing software updates also responsible for instant payments in local system of FN.

You clearly have NO idea how Masternodes make Instant Send technically possible, do you now?
And you claim that my analysis is laconic... read it again...

And you are shure, that you know it?
Respond only to this few things and say me and explain me where is the Error!
Please read, the Whitepaper!

1. They wrote in the Whitepaper, that the Masternodes are responsible for the Instant Payments!

The only thing they add is that after Masternodes confirms the transaction, there must be additional 6 confirmation in blockchain.
You have not look in the code or even look in a new transaction, in the moment you send money you have instant, i think 4 or 5 confirmations, without a new block is mined in this time.
The only different to DASH is that instant Send in dash cost extra fee and is a future you can use.
It´s instant because the Masternodes make all the confirmations and then only wrote the transaction in the next Block!

2. They claim to be a decentralized Crypto!
This is false, because they have all the Masternodes!

They can change a lot and have to much power!
They can change the fee or block a transaction, when they want.

But lets talk about decentralized:

For you a Masternode is the same like a Fullnode in BTC, but this is not correct!

The main job of both is to hold the network fast and decentralized, just having so much nodes online as possible, to say it simple.
Dash give for Masternodes a reward and add later the Instant send function to the Masternodes.
Hope until here you can follow me and confirm, with me.

But what is happen when you remove in BTC all fullnodes?
Nothing or better not so much, because BTC can work without fullnodes!
What will be happen, when FutureNet turn off the Masternodes?
All the Network is dead!
In FuturoCoin all transactions go 1st to the Masternodes to get there confirmations and then in the Blockchain.
FuturoCoin can not work without the Masternodes!
FTO is not decentralized!

Read this a small part from the Whitepaper:
Instant payment functionality is specific feature first introduced by DASH. This
service allows almost instant transactions around the globe. Only masternodes
are responsible for correct execution of this kind of payment. When it occurs,
inputs to specific transaction are locked and verified by consensus of the
masternode network.
......
Then you need 6 additional confirmations in the Blockchain to become spendable.

Make a tansaction and look how fast you get how many Confirmations!
You will see that you have more confirmations then new blocks found!
Why?
Ask the Masternodes, you say they do nothing, here you are wrong!

And yes i have take a look at the source, too!
Just look a few pages back, there i wrote that FTO is not decentralized and that the Masternodes have to much power.