Quote from: altcoinUK on November 12, 2014, 04:27:04 AM

Quote from: realthe on November 12, 2014, 03:50:06 AM

Quote from: altcoinUK on November 12, 2014, 03:24:09 AM

Quote from: realthe on November 12, 2014, 02:21:40 AM

Quote from: altcoinUK on November 12, 2014, 01:31:40 AM

Quote from: mightname on November 12, 2014, 01:23:00 AM

Quote from: altcoinUK on November 12, 2014, 12:13:27 AM

Could we get clarification about the confirmation (block, transaction) times? Quick transaction is key with hardware and you claim 24 seconds transaction time which is not too bad. When can we see a working software that demonstrate this feature?

BTC ecology is more important than transaction time.You can refer to XCP.

Tough I have been using Bitcoin for years I don't know what BTC ecology is ... but I believe if you want to perform an Internet of Things function then the transaction time is pretty vital. I thought, if you want to turn on a sensor or turn on/off a light you can't wait 60 seconds until the transaction is processed (i.e.. included) in the blockchain.

This is a wonderful project like BitBay or GadgetCoin and I am sure you have a working solution, I would just like to understand how your solution works terms of one of the most important aspects of it, the real time hardware control.

XTC is directly based on BTC blockchain. The transaction time is BTC block interval.

All right, so how the real time hardware control that is vital feature for any Internet of Things applications is possible with a 10 minutes confirmation time? Do we need to wait 10 minutes to turn OFF/ON an IoT controlled light switch or are you doing CHECKLOCKTIMEVERIFY like the BitBay team or you do instant transaction based on the Ethereum account balance concept using a completely rewritten software like GadgetCoin does or what is your implementation details please?

The main applications of XTC are these based on BTC blockchain. You can see in OP.

2.1) TilePay is the wallet for TileCoin/Bitcoin and other cryptocurrencies
2.2) TileVest is the crowd-equity funding mechanism
2.3) TilExchange is the decentralized trading platform (possible cross-chain capability)
2.4) TileClub is the Investment Club
2.5) TileLend is a decentralized cryptocurrency lending platform
2.6) TileGateways is where TileCoin is converted to other cryptocurrencies and Fiat

Wtf are we talking about? :-)))

Have you read my question at all? You have replied second time to my question, but completely ignored to answer it. Let me know which part of my question made you post that 6 completely irrelevant points and also let me know what is the reason you ignore my simple question about IoT real time hardware control and transaction times.

What I mean is different application can bear different transaction time. I also think BTC ecology is more important than transaction time.

realthe

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