Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread
by
gembira
on 31/10/2019, 08:40:41 UTC
Quote from: gost111 on October 25, 2019, 02:19:36 PM
Quote from: gembira on October 25, 2019, 01:07:45 PM
Quote from: Michail1 on October 25, 2019, 05:23:22 AM
Quote from: gembira on October 24, 2019, 08:38:15 PM
So as for now its just a testnet after almost 3 years of development? Why are they so slowly?
33% is for validators as you said, But I asked what ROI for delegators? Do they have plans to decrease rewards and when?

There is testnet and mainnet.  You are working on bad information.
Approx 33% ROI for validators.  Delegates get nothing.  (If they did, then no one would need to vote as they would just burn coins to make deligates).

Yes, there is plans to decrease the reward.  It's listed on the very front page of the website.  (http://semux.org)
It states:
Block Rewards: 22,000,000 SEM
(mining ends in years 2031-2032)
0-2M blocks: 3 SEM / block
2M-6M blocks: 2 SEM / block
6M-14M blocks: 1 SEM / block



Ok, I understand. I though that there is a DPoS system.
So if mainnet launch was more than year ago than why there is no daaps, or how are they going use this blockchain? For what?
Semux  and runs on a DPoS (Delegated-Proof-of-Stake) system.
Semux BFT consensus algorithm, this is an improved version of DPoS system.
about daaps it is better to ask developers, 2 months ago launched VM (Virtual Machine) now Semux supports smart contracts written on solidity



Solidity? I though that Semux built on Java (at least as far as I remember they have announced it since beginning). So in fact now this is just a copy of Ethereum?