Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread
by
dinc
on 08/02/2020, 09:49:12 UTC

I think we need to focus on getting partnerships, from the memo Semux left behind talking about the roadmap. I do not see anything about the future partnership, if we keep improving the system but we do not have any goal to achieve for adoption. I do not think the demand will increase, we need to figure out what is our target.
Any idea what is our target for real use case?

How they can get adoption if this is a copy of Ethereum? At the beginning this had to be written on Java as I remember, but now its fully copied of Ethereum  Huh

Semux is not a copy of ethereum.

Semux is a novel blockchain written from scratch in Java and it utilizes BTF consensus, with 1 confirmation transaction finality and with high transaction throughput. Blocks are produced by 100 validator nodes, some are public operating as a pool and distributing rewards to addresses that voted for them with their SEM.

On top of this Semux has smart contracts - Semux Virtual Machine compatible with Ethereum Solidty language.

https://www.semux.org/#whatIsSemux
https://github.com/semuxproject/semux-core/tree/master/docs

https://github.com/semuxproject/semux-core/blob/master/docs/Semux-BFT-Consensus.md
https://github.com/semuxproject/semux-core/blob/master/docs/Delegates-and-Validators.md
https://github.com/semuxproject/semux-core/blob/master/docs/Semux-Virtual-Machine.md

Semus doesn't have a high tps. It's slow. Algorand (which is live), ETH 2.0 (which isn't yet) or Thundercore (which is live) are 1000 times faster than Semux. In addition to this, any BFT consensus is fairly centralized and use 33 to 100 nodes while the above are completely decentralized. The only thing Semux has is its community aproach, which is good, but might not be enough to attract builders. The team need and the community need to face this if you guys want to succeed.

I'm not here to fud you, I was a part of the testnet, and used to like the project. But marketing this with "high tps" or "super BFT" is far from being honest for newcomers. When ETH 2.0 will be live it'll be thousands times faster than  Semux and with an immense developers base it'll simply crush every other so called "self contract eth compatible platform" project.

You need to find another narrative. Fast.

(oh and no, having your client being written in JAVA isn't groundbreaking)

To control at least 33 validators - you need to have min 3 300 000 SEM, while Stex has 40k in all sell side
Semux is one of the most decentralized project in crypto space