Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK
any difference in using your local client or the web client?
Yes. Lots of difference. Running your local client is much safer.
Currently you must send your passphrase to the public clients, not because it's needed but because the client was put together that way. That will change soon.
We'll probably have our blockexplorer up tonight or latest tomorrow, you can safely check your balance from that.
how many confirmations required for a transaction??
In order to start forging we require 1440 blocks (or confirmations). For the rest it's up to you. There is always the risk of being on a fork, that risk decreases with the amount of blocks (confirmations).
Since FIM blocks go faster than NXT (30 seconds) the wait time to trust a transaction is *real/confirmed* is halved.
If someone send you some FIM and you must decide if the FIM is safely in your account so you can; send them your gold/release your hostages
as a rule of thumb 720 transactions is considered pretty safe.The client uses an indicator of 10+ considering 10 blocks relatively safe. Basically it all depends..
I transferred my fim from Dgex and have about 720 confirmations. This is after 12 hours, so this is 1 confirmation a minute instead of every 30 seconds. I'm using the wallet.