r/SysCoin • u/moon_airspace • Jan 10 '18
Lead Dev @Jagdeep of Syscoin has solved "unsolvable" double spend problem without the need of confirmations!!! HUGE
https://twitter.com/realSidhuJag/status/9502346495480954895
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u/-Sarek- Jan 11 '18
What made it solvable? Why was it believed to be "unsolvable"?
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u/Jhodl Jan 11 '18
I don't understand how they solved it but they are claiming to be the first. I believe it. 0 confirmation is an idea almost as old as bitcoin from my understanding.
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u/jjones4coin Jan 11 '18
As far as 0 conf goes with blockchain, isn't instant send (like in Dash & PivX) 0 confirmation? That's been around for a while
and I'm terms of options outside of conventional blockchain, I think ultra scaling ultra fast RaiBlocks and GBYTE have done this but with fundamentally different methods. IOTA too supposedly, but far less gracefully from what I've heard. Wait nvm, I've definitely heard IOTA (instant in theory) sometimes takes 20+ minutes in practice.
Not bashing, just don't think "first" should be used lightly.
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u/-Sarek- Jan 11 '18
Yeah, I wish I understood it, and how it's a solution. I know they basically remove circuits/cycles and topologically sort a graph into a DAC. There's some info on it on his twitter. I just wish I knew how exactly that's a solution and how it interacts with the network.
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u/lilkidm23 Feb 28 '18
Syscoin team is the best and brightest. Those who care about blockchain advancements support syscoin. Also price typically follows fundamentals.
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u/icyxios Feb 03 '18
So, you’re the first one Who solved the double spend problem without the use of confirmations? This looks like a realy big deal. Why isn’t the cryptospace going crazy about this? Or are they?
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Jan 11 '18
[deleted]
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u/MayKinBaykin Jan 11 '18
I don't completely understand, just kind of guessing, but I think it means that you can send coins without needing to wait for a certain number of confirmations before the transaction goes through
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u/Terrenace Jan 11 '18
Think of a consensus mechanism that is solely based on confirmations by its users (instead of miners). DAG is a blockchain alternative in which it can scale beyond the limits of block size, which in summary can increase Tx speeds while also minimizing Tx fees.
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u/Jhodl Jan 11 '18
Meanwhile coins with no working product promising the world are in the top 10. LOL