Re: How to achieve instant payments in Bitcoin-like cryptocoins
The biggest issue is that these incredibly short block intervals will lead to tons and tons of orphaned blocks. Network speed/latency will become a pool's limiting factor, not hashrate.
So you are saying that he is lying when he says:
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still keeping the coin safe from stale blocks and competing chains.
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still keeping the coin safe from stale blocks and competing chains.
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Well, I cannot claim that I implemented the whole thing, bought 60K servers around the globe, and tested it.
What I'm saying is that I simulated it, and it seems to work.
Simulations of LiteCoin and Bitcoin agree with the empirical evidence of stale block rate, so I suppose the simulation of FastCoin5 is correct too.