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Showing 6 of 6 results by gio_jordan
Post
Topic
Board Altcoin Discussion
Ethereum Go
by
gio_jordan
on 03/07/2018, 13:22:21 UTC
Hello everyone. I wish you a great day. I am here for your advice.
My company and I are planning to create a new coin, new blockchain and we need to have smart contracts option too. The real thing is, We like how ethereum works and We want to fork it. but there'll be so many things we need to modify.(SO MANY THINGS). I don't know what to do. I understand how node works, how pos works, how pow works,But without realizing them in real code and work, It's impossible to make new blockchain even though Its functionality might be alike ethereum.

I need your advice. What should I do? . I looked through go-ethereum code and It's so huge . I don't have a year to understand how the code works.  Do you have any suggestions what I should do? Thank you guys.
Post
Topic
Board Altcoin Discussion
Ethereum smart contracts
by
gio_jordan
on 25/06/2018, 09:59:40 UTC
Hello folks. I am going to create a new coin,new blockchain for my coin. different from all the blockchains. I want to have smart contracts for my coin. Can I just fork ethereum smart contracts and use it for my coin in my own blockchain? will ethereum let me do that? or do i have to write smart contracts by myself, also write compiler and new language like solidity? Thanks
Post
Topic
Board Development & Technical Discussion
Re: Really need to undersand proof of state.
by
gio_jordan
on 18/06/2018, 12:26:20 UTC
I am the developer myself. I mean proof of stake yes. I just wanted deepl explanation and how everything is related.That's why I asked.
Post
Topic
Board Development & Technical Discussion
Really need to undersand proof of state.
by
gio_jordan
on 18/06/2018, 12:12:49 UTC
Hello folks. The reason I want to understand POS is i am going to create a big project and i need to understand everything in very deep deep down. Here are my questions. At least I tried .

Let's imagine There have been made 10 transactions. So they went to mempool.

1) When proof of work, nodes go to mempool take transactions and put it into block . then start minging it(generating hash).
    When proof of state (I don't know) (maybe nodes take transactions,put it into block and that's all). Then in my opinion, node looks for someone who can validate this block and it's more likely node chooses someone who has more coins . when the person  chosen, how does he validate transactions in block? this person just has account and 100 coins on it. and that person is moving in the streets. how does he validate? I think he doesn't have his own node set up. if he has (is it mandatory?).

2) When proof of state, node takes transactions ,puts it into block , someone validates and that node (this specific node whoever did it first) updates his ledger, publishes it? what if 51% of other nodes agreed and 49% not agreed? is someone's money taken?. what if 49% agreed and 51% disagreed? i don't know whose money is taken , when the person who validated the block injured?

I would love if someone could explain it in very detail. I just understand proof of work very well but i need the same for proof of state. the articles and information i've read on the internet are not very deep and elementary. i need elementary  what happens after what.

Thank you guys. Let's explain this, discuss it ,maybe it will be amazing for starters in the future.
Post
Topic
Board Development & Technical Discussion
Re: How to prevent 51% ATTACK on new coin
by
gio_jordan
on 18/06/2018, 09:36:40 UTC
Thanks everyone for your ideas.
This topic is so big that It's really hard to make it work.

I was thinking maybe I have master nodes and i also have POW. so imagine I use pow and pos together, which means, that blockchain will be alike (block1, block2, Master-node block, block3,block4, master-node block) . so no one will be able to add 3 blocks simultaneously if he mines privately. does that make sense? I don't know , can you give me at least example if preventing this problem made some coin makers use pow and pos together?
Post
Topic
Board Development & Technical Discussion
How to prevent 51% ATTACK on new coin
by
gio_jordan
on 17/06/2018, 19:00:12 UTC
Hello folks. I am interested how bitcoin managed to prevent 51% attack in the beginning?
I am about to create my own coin and i want miners to mine blocks. but The problem is I am afraid  51% attack might destroy my blockchain.What'd be your advise? how did bitcoin make it possible that it has come this far?
What if i use proof of stake and proof of work together? Someone told me it's possible that i can use both. so that 2 blocks get added by proof of stake and then the following 1 block must be proof of work. then 2 blocks will be confirmed by proof of stake and so on. that way, no one can't add 3 blocks by proof of work. just need your ideas about 51% attack prevention.
 Thanks .
If this is the inappropriate group, I'm sorry.