... There are a lot of scalability focused project in the market right now, but not sure about their speed. I think Elrond Network, Matic, Zilliqa, is a few of them. Not to mention EOS and so on.
Zilliqa is probably the most mature in terms of development, their mainnet is alive, while EOS, as you might know, is too centralized.
Thank you, I'll dig into Elrond, Matic, and Zilliqa for max speed info if any - or if a bakeoff would interest those projects. - Wingspan
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BoardService Discussion (Altcoins)
Re: [ANN] 10 years of Bitcoin history, replayed in under 30 minutes
by
wingspan
on 13/06/2019, 05:50:53 UTC
Back in 2015 I offered to run a speed test (Tx/Sec) "bakeoff" to see which altcoin was fastest. My favorite project (eMunie at the time - now called "RadixDLT") stood unopposed so no bakeoff happened - perhaps due to my approach. https://bitcointalk.org/index.php?topic=1203228.0 After 4+ years, I see eMunie/RadixDLT did a speed test similar to what I was thinking - but larger. It was not a perfect test of what their code would be able to do in production, but it was pretty amazing none-the-less. Does anyone know of another altcoin that can come close in speed, security, and decentralization in a speed test? Would they be willing to participate in a public bakeoff of any sort? Let me know if I can help. I also appreciate that speed is not everything. But it is one requirement of many before a cryptocurrency can become globally adopted. -cheers, - Wingspan.
[...] you must incentivise people to spend their tokens as much as they can.
one dynamic to consider that helps with "spending" (vs "holding") that goes with a crypto that doesn't reward spending directly is: to the same extent that holding is rewarded, so too is the motivation by merchants to give discounts to those buying with that crypto. So in theory, spending will be encouraged indirectly because merchants will want to hold that crypto compared to other currencies... and so on throughout the digital economy. Merchants will have many other reasons besides "interest payments" to give discounts to buyers, too. So spending Radix probably will happen naturally, IMO.
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Re: This is too important not to share...
by
wingspan
on 20/05/2016, 05:44:58 UTC
AFAIK, the difference between the OP's card platform and all others comes down to fees, freedom, and privacy.
..................
OP's eMunie debit card
All others AFAIK
fees
customer: 1 cent * merchant: zero
customer: varies ** merchant: ~1%
freedom
yes
3rd party or govt can block funds
privacy
yes
3rd party or govt can track your purchases.
*(eMunie) customer pays 1 cent per transaction but initial card cost can be ~$4 - $25 depending on if you create it or order it. Card never expires. Transactions are in native crypto (EMU or one of many token assets) without involving fiat conversion. Speed < 10 seconds. **(others) customer has to provide 3rd party info to satisfy AML/KYC regs. 3rd Party conversion required to fiat for merchant along with those fees.
Announcing CoinFestPDX2016 1 day only April 9th from 1 to 5 PM: 800-C NE Tenney Road Vancouver, WA (just north of PDX/ Portland, OR) where I-5 and I-205 merge Open to the Public. RSVP to this forum PM of "wingspan" or the forum.emunie.com PM of "wingspan". Will be showing "Bitcoin: the end of money as we know it" at 1:30-2:30 PM Bitcoin and eMunie will be discussed afterwards with an eMunie debit card demonstration. This event is being held at no cost thanks to the library providing the large meeting room. The Library requires no selling/trading or commercial activity onsite. Our purpose meeting will be to enjoy the movie, meet brothers/sisters interested in cryptocurrency, and learn about bitcoin and eMunie (I am not a programmer but am a beta tester for eMunie since 2013). If you wish to present on any cryptocurrency topic, please let me know and I'll update this post. If you can spread the word, please do. This is the only CoinFest location on the West Coast of the US other than in Southern California, AFAIK. Please come.
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BoardAltcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
wingspan
on 11/01/2016, 21:35:38 UTC
I bet a buck TPTB makes one more comment on BTT in the next 3 hours. Any takers? I'd gladly pay that just to be wrong and not have his endless "I'm done talking" posts. Then I can enjoy reading the Socratic posts that make mental progress.
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Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
Checkpoints in POS (and to a lesser extent in bitcoin) add trust to the equation. You might ask if checkpoints are so great, why not have them for every single block and the obvious answer is that this means you are trusting the checkpoint producer 100%, which is against all that trustless crypto attempts to achieve.
LCR should mean that you don't need checkpoints at all; this is something which POW has over POS and all other consensus techniques which do not expend a resource to create a block.
I agree that checkpoints in POW fail the trustlessness goal. It seems you also agree that POW/POS are never both append-only and trustless. But based on my reading of the consensus algo of eMunie, its possible to have a ledger system that is all three important qualities: trustless, append-only, and resourceless (meaning doesn't waste resources). Is there another crypto with those three?
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Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
This is also the benefit of an append only ledger and an issue with POW.
Even a quantum computer cant rewrite history in a ledger that is append only.
I'm gonna go out on a limb here and state that having an append only ledger is impossible in trustless crypto.
One way to think of the difference between an "append-only" ledger and one that isn't (e.g. LCR without checkpoints) is the difference between a strict teacher that allows no late work and a soft teacher that allows late work just the same. Half way through the semester, a clever student in the soft teacher's class who hasn't done any work can still pull off a perfect total score in the class just by cramming at the end, turning in all homework, and getting all previous zeroes turned to perfect scores. It's a function of what rule the system uses - does it allow previously confirmed ledger entries to change or not? Trustless or not. Right?
I guess it is assumed that you are watching for rule violations constantly. Always block such violations, and your copy of the ledger remains append-only.
Dev, how often is emunie block produced? and which is the maximun size of the block, thanks and congrats for so nice project
eMunie actually doesn't use blocks anymore. But confirmations on individual transactions will typically occur in 10 seconds and be spendable again in 20 seconds roughly. Project is still in development, and docs are being prepared, so I don't have a good link to give you at this time.
I can summarize the history of blocks and eMunie design changes for you, if you were wondering:
In 2013 eMunie gave up plans to use block chain tech (June 29th). Understandable delay was required to re-code the core using its better block tree design.
In early 2014, the eMunie main developer suffered $1M theft, intense scam accusations, and resulting delays, but thankfully, he didn't give up the project.
In late 2014, eMunie chose to move away from blocks entirely (Nov 3rd)! Six more months were required to re-code block tree tech to its better channel design.
In late 2015, eMunie core code is being wrapped up, with other modules tied in soon.
In 2016, if no more core design changes or unexpected delays happen, OB (open beta) testing, funding opportunities, and launch of v1.0 is expected. But no deadlines.
cheers, - wingspan.
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Re: [EMUNIE] THE fastest crypto-currency
by
wingspan
on 08/12/2015, 21:51:53 UTC
soon. More info at https://forum.eMunie.com and https://twitter.com/eMunie_Currency. I'd imagine there will be no date for launch or funding until after all is sewn together and public testing (A.K.A. "OB" or "Open Beta") is looking good.
BTW, I am still willing to do a speed test bake-off if any dev team wants to challenge eMunie's 2000 TPS claim. PM me if you want to submit an entry (before Dec 26th) per the bake-off thread from two months ago (https://bitcointalk.org/index.php?topic=1203228.msg12670849#msg12670849).
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 12/10/2015, 21:40:29 UTC
I'm locking this thread - it appears the same arguments are being discussed without progress.... and some folks are actually against honest participation.
I'll still run the bake-off (assuming I get more than 1 entry), and everything in the OP still applies, but we don't need this thread to stay open for that.
-cheers, - Wingspan.
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 12/10/2015, 18:46:23 UTC
I'm trying to measure with this bake-off just the first one of 14 attributes of a good crypto. I understand it isn't measuring the best overall crypto. Please don't assume any crypto can't be the best based on present development or code review status. We each pick a favorite - but the more objective data, the better. And having a little fun, doesn't hurt, either.
IMO, here are 14 attributes that make a good crypto candidate trying to go mainstream:
Has (or designed to have) the technical capacity to replace all fiat transactions (sustain 100K TPS) whenever needed.
Is 100% decentralized. It can not be controlled except by the majority of the public.
Has (or designed to have) a stable price and one's savings are safe from being devalued.
Has (or plans to have) good marketing. Has cool characteristics that might appeal to billions.
Is secure (supports 2FA, etc).
Is easy (like a debit card).
Is cheap to use (nearly free).
Does not waste energy or resources.
Is as private/anonymous as a user wants.
Fair distribution opportunities - no insider advantage before nor after launch. Everyone is rewarded in proportion for the work performed and the money risked.
Has endured long-running global tests.
All code has undergone (and will continue to undergo) thorough code review (by trusted third parties) before going into production.
Is well documented.
Is flexible, modular, or has promise in helping society in new ways not yet invented.
Of course having the following additional attributes help - but impossible for new cryptos - takes time:
Has a large network effect behind it - a large ecosystem - lots of merchants, infrastructure.
Has proven security where years have gone by without a major core breach.
-cheers.
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 11/10/2015, 18:07:06 UTC
added another bullet on the OP:
During the 100-minute test, with the random shutdowns I'll purposely perform, I will make sure on average the node software will be allowed to run (and I'll be doing the "E" and "C" instructions as fast as I can) 75% of the time. In other words, 25% of the available time the nodes will be not running the node software. While some of that 75% uptime will be re-syncing per the "E" instructions, hopefully the syncing will be quick so "C" instructions can crank out new transactions ASAP. If the new transactions at best will reach, for example, 11.1 per second per node, and if syncing is near instantaneous (for the sake of this calculation), the best score you'd possibly get is 11.1 * 60 * 75 * 20 = ~ 1 million.
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 11/10/2015, 14:26:23 UTC
Additional clarifications I've added to the OP:
I define one "payment transaction" as: one wallet paying another in the simple sense. Additional activity for associated fees, preparing the payment so it can be spent by the receiver, or splitting payment into parts ... should all just counted as part of the one payment transaction. E.g., buying a cup of coffee = 1 payment transaction (even if miners take a portion, a randomizer service is involved, or behind the scenes lots of activity happens in sub-transactions).
a few points for clarification I'll add to the OP:
The tests are meant to be using test currency on a test P2P network. I don't plan to connect to anything production. If the test can work by tapping into an existing testnet long enough to get synced, that would be fine.
I want to charge 0.2 BTC to only get serious entrants. I am happy to donate any excess (beyond my costs to the hosting company and the winner's fee) to the winner.
I do plan to take many screenshots as I go through the testing, and plan to document exactly what I do so others can verify I was not biased, hopefully.
-cheers.
p.s. I have not rec'd any confirmations yet of folks willing to enter the bake-off (other than Fuserleer's).
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 09/10/2015, 13:05:08 UTC
So, in eMunie, instead of nodes being blocks, you have nodes being 1 transaction only. Instead of a chain of nodes, you have tree-like channels. Still a ledger. Still tracks publicly the order of transactions. Still allows state recovery just like blockchains. OK, sounds intriguing. Apples-to-Apples testing still possible. Anyone disagree?
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Re: December 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 08/10/2015, 21:50:34 UTC
even though there are two more months, if people would like to have me test early and then re-test later, I'd be happy to test your crypto exactly as I would in December - and I'll publish those early results if you like how you do. That might encourage others to keep tuning their system...knowing what they are up against.
... Hopefully somebody can set up such a test using our code base. Unfortunately we're launching two real-time blockchains this month (BitShares and PeerTracks' MUSE) so we're a bit busy. But we'll be keeping tabs on how this goes. Thanks Stan
I will postpone the October testing by 2 months - so those needing time can still participate. Thanks - good luck preparing your crypto. I'll update the OP, now, to reflect the delay.
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Re: October 2015 "Fastest Crypto" Bake-Off
by
wingspan
on 08/10/2015, 17:47:56 UTC
I thought it was sarcasm. I really don't know you. When you said: "e-munie - faster than the fastest crypto on the planet!" I figured the misspelling of eMunie and the hyperbole was a sign you didn't like it. That's all.