Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
heskey
on 19/11/2014, 15:07:47 UTC
Why are we not seeing any copycoins of this one? Is it somehow more difficult to clone?
Yeah it's probably a bit more difficult to clone because the launch procedure is a bit different and you have to know how to deal with the first few weeks where it runs in "bitcoin mode".
Okay, perhaps not a bad thing. But can I ask why the block time isn't set to be faster? If I have understood it correctly, faster blocktime = faster transactions, but bigger blockchain, so it should be suitable for this coin. The long transaction time in Bitcoin is clearly a weakness.
Because when the block time is too fast it creates too many orphaned blocks. In my opinion a block time of 1 minute is not too long but it's also not too short and doesn't result in an excessive number of orphaned blocks. Once you start getting lower than 1 minute it's not worth the trade off.
Okay. I am convinced. It really feels like you have thought every aspect of this project through. Im surprised it hasn't got more attention yet, obviously this market is still too cluttered with sloppy scam attempts. Anyways, I just get more and more comfortable holding this coin. Smiley