How does this coin relate to the problems of nodes that we see in bitcoin?
As bitcoin grows, so does the network and the computing power behind the scenes required to run it. The majority of bitcoiners wont be able to support their own nodes and will be taken over by companies like KnC. http://www.coindesk.com/bitcoin-nodes-need/
"4.1 Small size full data nodes you may forge them by using low-power consumption devices like smart phone, tablet PC or pocket PC and provide full data nodes for the whole net."
"Only electronic coins issued by mint are effective, which prevents double payment. This solution has its problem. The whole currency system is on the control of a mint, because every transaction should be testified by the mint, which is just like a bank. So, recasting is feasible. Recasting is to force the non-trading coins within a period of time to trade, thus old blocks become useless." - Whitepapers
Very interesting analysis!
Bitcoin is doomed to become centralized and ineffective.
will update the White paper later.
thanks for your Support.
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BoardAnnouncements (Altcoins)
Re: [ANN][NTX]First Anon Coin based NXT|Big Bounties| 2A share Distribution
by
NTX
on 01/07/2014, 17:16:58 UTC
sorry for the offline time.
will update many things later.
thanks for your Support.
we just got listed on biggest Altcoin exchange platform BTER