Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
iCEBREAKER
on 03/08/2014, 19:23:05 UTC
- How many devs? Who?
- When launched?
- How exactly is emission schedule?
- What algo?
- Quotes from AnonyMint posts? Smiley

-catia is main XCN dev; s/he was up to the hard work of implementing mini-blockchains and still cranking out new builds
-launched July 27, testnetted for a month before that
-emission
Quote
- Block time: 1 per minute
- Block reward: changes every block (half life of 10 years)
- Max block size: changes every block (100 block average * 2)
- Difficulty adjustment: changes every block (1000 block filter)
- Coin supply: 2^64-1 units (1.84 billion coins, 10 dec places)
- algo is M7 (http://cryptonite.info/wiki/index.php?title=M7_PoW)
- Anonymint on XCN scaling:
Scaling up to 6 billion people and micro transactions (more frequent transactions) might present a scaling problem. I've looked at Lamport signatures schemes that can verify 100,000+ transactions per second on a single i7 cpu. Since verifying nodes tend to be pools with considerably more resources (amortized over a large amount of hashrate), then a 10 - 100 cpu farm (or a Tilera 64 core cpu) is not unfathomable without destroying decentralization of pools.

Long-term the solution is simple. An ASIC for verification will scale sufficiently to 6 billion and micro transactions.

In short, no problem! Mini-block chain addresses the problem of block chain size and its impact on decentralization of mining. Cryptonite does not include anonymity however.

I like the mini-block chain design in Cryptonite (not Cryptonote). I helped analyze and comment on it, so I've been following it for some months. Their effort lacks anonymity and other things I like. One-time ring signatures appear to be fundamentally incompatible with it.