In about 5 hours ^^
cyber. ninjas.
In about 5 hours ^^
cyber. ninjas.
Countdown started
It’s always lovely to see the ninjas slice some trolls !
Obviously not what I expected lol
So will this use NEM code?
As it’s a perfect match regarding the features announced, I guess it will be based on NEM, and even use the nem network. Could increase activity and transactions in the NEM network!
Seems very interesting, and well presented, except for the video (I find the video really annoying and as it’s on the front page, it might even deter some to look any further on the website…)
WUUT !!??
Mijin will provide an initial capacity of up to 25 tx/sec by the end
of 2015 with geographically distributed nodes, with the goal to improve
throughput up to 100 tx/sec by the end of 2016.
Within a private network, Mijin will provide a robust capacity of up to several thousand tx/sec.
If this works it will be a game changer !
Also, within 2016, it is planned to be able to execute smart contracts
across Mijin blockchains, by communicating via the main NEM chain.
Also-> open source…
Interesting!
The 25tx/sec works
awesome, had to change my avatar just for the ninjaness of NEM
100 tx/s = 8.64m tx/day.
Many bank settlement and clearance only needs 1 million or two a day. This is going to work!!
The question is how ?!?
(Sorry for the quality)
No tricks involved, this is still blockchain technology.
This is not an animation, this is live-stream of blockchain data.
There are only 5 accounts exchanging transactions, that’s to keep animation on the left simple and aesthetic.
btw, bit accidentally, you can see block changing around 4th sec
OMG , you just knocked me off my feet!
It’s been a while that I was thinking about the possibilites regarding transactions , I spoke about it in on slack exactly one mont ago.
This is really revolutionary!
wow, 30 second block times, 750 transactions per block, 25 transactions per second.
Is there any info available on how it works ?
I doubt it’s just the lower blocktimes
My best guess is that it’s NEM on steroids
Mean servers running adapted NEM code, ( lower blocktimes and higher slots per block). Probably it’s a simplified version of what is actually going on but maybe NEM can be scaled to these proportions ???
What I would like to know however is how the private networks will deal with 5k transactions per second !??
How would this be integrated with the blockchain ? (transaction packages ???)
As far as I know the 2 transaction per second limit was always an artificial limit. (Not a dev so I don’t really know, but it sure handled 2 per second with no problems when we spammed).
I’m sure they have been working hard improving NIS. But I also bet out of the box, it could have handled more than 2 transactions per second.
How does this compare in the field of altcoins?
What are bitcoins/ETH and other’s limits on transaction speed?
https://bitcointalk.org/index.php?topic=1153740.0
Bitcoin says 7 per second but it is really good if it could get 5 in real life.
Ethereum will have a lot but not sure how many.