Flopper1
Kim Stock

Just gonna throw this out there….
Yes, you're right! **Burstcoin** (launched in 2014) did indeed introduce one of the earliest implementations of **Turing-complete smart contracts** with its feature known as **Automated Transactions (AT)**. This occurred before Ethereum, making Burstcoin a significant player in the early development of smart contracts.
The **AT (Automated Transaction)** system in Burstcoin was the first on-chain Turing-complete smart contract system, which allowed for programmable transactions directly on the blockchain. It was designed to enable a wide variety of applications, such as lotteries, crowdfunding, and other automated processes without requiring a central authority or intermediary.
While Ethereum's smart contract system eventually became more popular due to its flexibility and developer-friendly environment, Burstcoin's **AT** system was an important milestone in blockchain history. It demonstrated that Turing-complete automation and decentralized programmable contracts were possible on a public ledger, laying the groundwork for more advanced smart contract platforms.

2024-09-12 15:21:38

- reply

It is a perfect world. It’s people that fuck it up.

2024-09-05 23:56:20

- reply

I see you too!

2024-08-22 01:08:54

- reply

You forgot GD

2024-08-20 01:30:13

Thanks #note1a7s…8ykx

2024-08-14 01:23:33

https://youtu.be/naVOrb5pYAQ?si=waXa9MeWaAtnw8_p

2024-07-15 05:07:15

https://ai.invideo.io/watch/i4zm-w2RqSo
Welcome to our channel! In this video, we are excited to introduce you to Nostr - a groundbreaking, resilient, and tamperproof social network protocol. Say goodbye to central servers and traditional P2P techniques, because with Nostr, we are revolutionizing the way we connect and interact online.
Nostr is designed to provide an enhanced user experience while prioritizing privacy and security. By eliminating the need for central servers, this protocol ensures that your personal information remains safeguarded from potential breaches. With its cutting-edge technology, Nostr offers a decentralized network that cannot be easily targeted or tampered with.
Join us as we dive into the features and benefits of Nostr, including its flawless resistance to censorship and ability to withstand attacks. Learn how Nostr harnesses the power of blockchain and smart contracts to create a trustless environment for social interactions.
Whether you're an avid social media user or simply curious about the future of online interactions, this video is a must-watch. So, don't forget to hit that like button and share this video with others who might be interested in discovering a new era of social networking. Let's explore Nostr together and unlock its immense potential. See you in the video!

2024-07-15 04:38:08

https://ai.invideo.io/watch/tXitCZmT0bI
In this thought-provoking video, we delve into the intriguing claim that Wall Street might be secretly plotting to make Bitcoin unattainable for the average investor. Join us as we explore this speculative theory and separate fact from fiction.
🔍 Could Wall Street really be attempting to control the accessibility of Bitcoin? We investigate the validity of this claim, digging deep into the rumors and examining the potential implications.
💡 Discover the underlying motives and potential consequences behind such a move, and why it's essential for investors to stay informed and adaptable in the ever-evolving world of cryptocurrencies.
🧐 Don't miss out on this captivating exploration of the Wall Street-Bitcoin connection! Watch now and be part of the conversation.
✅ If you found this video insightful and thought-provoking, please give it a thumbs up and share it with your friends. Let's spread awareness and encourage discussion on this important topic.
#WallStreet #Bitcoin #Investing #Cryptocurrency #FinancialNews

2024-07-15 04:33:15

https://ai.invideo.io/watch/37kBuNcblxx
In this thought-provoking video, we delve into the fascinating world of decentralized tools like Nostr, examining their rise in popularity and the game-changing innovations they bring. Join us as we explore Nostr's user-friendly design, showcasing how it simplifies complex tasks. Discover the crucial role of relays in maintaining network resilience, ensuring smooth and uninterrupted user experiences. Whether you're a tech enthusiast or simply curious about the future of technology, this video is a must-watch. Don't forget to give this video a thumbs up and share it with others who would find it intriguing. Let's dive into the world of decentralization together!

2024-07-15 04:00:18

2024-07-15 03:58:29

Welcome to our channel! In this video, we are excited to introduce you to Nostr - a groundbreaking, resilient, and tamperproof social network protocol. Say goodbye to central servers and traditional P2P techniques, because with Nostr, we are revolutionizing the way we connect and interact online.
Nostr is designed to provide an enhanced user experience while prioritizing privacy and security. By eliminating the need for central servers, this protocol ensures that your personal information remains safeguarded from potential breaches. With its cutting-edge technology, Nostr offers a decentralized network that cannot be easily targeted or tampered with.
Join us as we dive into the features and benefits of Nostr, including its flawless resistance to censorship and ability to withstand attacks. Learn how Nostr harnesses the power of blockchain and smart contracts to create a trustless environment for social interactions.
Whether you're an avid social media user or simply curious about the future of online interactions, this video is a must-watch. So, don't forget to hit that like button and share this video with others who might be interested in discovering a new era of social networking. Let's explore Nostr together and unlock its immense potential. See you in the video!

2024-07-09 02:37:00

- reply

Thanks 🙏💎👀

2024-07-09 02:24:06

- reply

PBR really?

2024-07-09 02:20:20

- reply

How can I take the tracking tokens out myself when I share it from YouTube?

2024-07-09 02:19:00

- reply

https://youtu.be/41XE6EKtd_o?si=nNkm4L9BBNR0ocJs

2024-07-09 02:11:44

- reply

It began when you tore everything out.

2024-07-08 19:11:26

- reply

Be careful they have a wicked bite

2024-07-07 00:44:51

- reply

Looks more like it found her where is that you and your daughter was the one took the picture and when they bite, they hurt

2024-07-06 04:28:26

- reply

/lottery 100

2024-06-30 20:14:33

- reply

Lottery 100

2024-05-19 05:44:42

- reply

Lottery 1

2024-05-18 22:48:54

Comparison Ethereum vs. Solana vs. Signum
Given the similarity of Signum and Solana in terms of transactional capacity, we will provide a short comparison of these two open source projects. We also include Ethereum for additional context. Due to substantial differences in technical details and capabilities of these blockchains, this overview can only be a starting point for further exploration of Signum’s unique technology.
Before jumping into the comparison, a quick note on Signum’s consensus — a high quality feature, given the ubiquitous discussions around sustainability and decentralization in the blockchain world:
Since it’s inception in 2014, Signum has been green. It’s current version Proof of Commitment (PoC+) uses available disk space in combination with staking. The mining process for PoC+ is so effective and has such low hardware requirements that any consumer-grade PC can be used. The big implication is that basically anyone with a hard drive can join the network. The very low cost of participation invites a large number of validators, which makes for substantial decentralization and high security.
For comparison: Solana uses Proof of History (PoH), which needs a hardware setup similar to Ethereum’s. The core problem is that meaningful participation presupposes an investment of several thousand dollars in (specialized) equipment. This of course decreases the group of potential validators significantly and undermines decentralization.
Remarks on Market Capitalization
Although this paper focuses mainly on technical aspects, it is worth also considering the commercial side — if only to preempt the potential argument ‘If Signum is as great as you say, why is it’s market cap so low?’.
Here is our thinking on this (which of course is not intended as financial advice whatsoever):
Solana has been the most recent shooting star when it comes to growing an ecosystem and increasing market cap of its cryptocurrency SOL. Within less than two years, SOL went from around USD 0.60 in early 2020 to it’s peak of USD 259.0 in November 2021, increasing nearly 430x. Like other projects, Solana has benefited from a virtuous cycle in which price increases attract attention and projects, leading another price increase, and so on.
Signum in contrast has not even really become the new kid on the block yet. Almost no one has ever heard of it. The price of it’s coin SIGNA is therefore still extremely low (but already higher than SOL just 18 months ago, see below). This is because Signum is a complete makeover of a pioneer blockchain. Its underlying technology has proven successful since 2014, but the complete technological overhaul and re-branding have only just been completed very recently.
There are many reasons why Signum might see a dynamic similar to Solana’s, the most important of which are as follows:
* Signum has a sophisticated technology which offers a unique platform for a tokenized world. As argued in this paper, Signum has developed cutting edge solutions to significant technical problems. A comprehensive discussion of all of Signum’s capabilities is beyond the scope of this paper; please visit Signum’s website to learn more.
* Almost nobody in the blockchain space has taken note of Signum/Signa yet. As a direct consequence, there are only a very small number of projects running on the chain — and therefore very little demand for Signa from the developer and investor community. However, that could change overnight once Signum installs professional marketing and PR capacities. And as with Solana, this push in public awareness will most likely start a virtuous cycle that will be reflected in the price of Signa.
* Signum is pursuing the strategy of becoming a major building block in a multi-blockchain world. Connectivity will therefore always be a major element of the product roadmap. This ecosystem strategy will lead to the integration of Signum into many existing projects around the world — no need to start from zero ourselves.
From an investor’s perspective, the above leads to the following line of thought: As this project is not yet widely known, none of its future potential is currently priced into SIGNA. And considering that Solana went from a market cap of 4 million USD (May 2020) to 75 billion USD (November 2021) within 18 months (!), there seems to be a lot of potential for Signum/Signa.
Today, Signum/Signa has a market cap of around 10 million USD, which is 2x that of Solana just 18 months ago. If Signum now becomes more and more visible to the world, Signa might see a massive value increase as well. If Signum shows just 20% of the dynamic that Solana experienced, Signa’s market cap could go from 10 million USD to 1.2 billion USD (120x compared to Solana’s 430x).
So the short answer to our initial question ‘If Signum is as great as stated, why is it’s market cap so low?’ might simply be ‘Because nobody knows about it yet’.
Summary
In this paper, we exhibit our calculations concerning the behavior of ‘big blockchain’ once tokenization becomes mainstream and the number of associated transactions increase to multiples of today’s levels. The core findings are
* Today’s big blockchains were not built to run transaction tokens at scale
* We expect these blockchains to crash as soon as large amounts tokens are deployed
* Signum’s technology overcomes the shortcomings of the established blockchains
* Signum’s approach centers around ‘native tokens’ which are green, smart, and efficient
* Signum’s leading capabilities can easily be verified with just a few basic calculations
* Given the above, Signum is in a prime position to take the lead in a USD 24 trillion market
About the Author(s) The lead author of this paper is Benjamin Schroeter, president of the Signum Network Association(SNA), Switzerland. SNA was founded in 2021 as a not for profit organization to pave the way for marketing Signum. Read the latest open letter from the SNA here. Benjamin is a German serial tech entrepreneur and is invested in several European tech and gaming companies.
Multiple people within the inner circle of the Signum opensource project have made invaluable contributions to this paper — thank you all!
Discover Signum
Signum is the world’s first truly sustainable blockchain, featuring world-class applications on a sustainable leading-edge blockchain architecture. Compared to other cryptocurrencies, Signum powers its native cryptocurrency Signa (SIGNA) with a minor fraction of energy use and e-waste. Signum empowers users and developers around the world with innovative blockchain solutions for everyday life.
SNA is a Swiss Not-for-Profit Organization founded in 2021 to provide a solid foundation for Signum to grow and fulfill its vision of sustainability and innovation in blockchain technology.
Find out more at https://signum.network/ or join a Signum channel below. Get Signa: https://signum.network/exchanges.html
Twitter Telegram Discord Reddit Youtube
Documentation Wiki/Community
NFT-Portal
Your SIGNUM-NETWORK

2024-05-18 22:47:26

The solution
The Signum blockchain allows for many different transaction typesbesides the standard money transfer or smart contract execution. Some of these smarttransactions can trigger multiple balance updates. This method gives users the convenience of the classical layer 1 approach, but at a much higher efficiency that is typically achieved only with layer 2 solutions. So in order to properly compare these so-called smart transactions with regular transactions, we introduced a new KPI which we call ‘smart transactions per second’, or STPS.   The first transaction to benefit from STPS was Signum’s multi-out payment in 2018. This transaction type enabled the Signum chain to conduct a pay-out up to 128 recipients in one transaction. This pushes the STPS from 1,020 to 19,200 per block (new block every 4 minutes). This increased the regular capacity from 4.25 TPS to 80 TPS for a given block size of only 179,520 bytes.
In June 2022, Signum introduced a STPS which is over 1,000x higher and can therefore cover the token distribution volumes in our scenarios 4 and 5. This is accomplished by a smart transaction that distributes revenue, pro rata, to all token holders in a single transaction that takes less than 200 bytes of blockchain space!
For comparison: A simple Bitcoin money transfer transaction usually takes up more than 200 bytes. And this is just a very basic event. All details around Signum’s massive upgrade with the Hard Fork Rainbow can be read here.
This means that Signum is the only blockchain that is able to handle all the scenarios we sketched out in our basic use case:
Signum provides this capacity by using the existing block size and the new transactions from Signum’s SIP-33. Future developments will expand this capability even more, i.e. by introducing new smart transactions with high STPS, reducing the amount of data on the blockchain needed per transaction (like the green contracts recently introduced with SIP-30). Finally, an increase of block size is also possible but might be prioritized downstream while development focuses on smart solutions instead of brute force by larger blocks and higher node requirements.
The big technological difference between Signum and other blockchains — which is very hard to replicate — can be summed up as follows:
* Tokens are native on the chain rather than smart contracts.
* Signum uses an account-basedlogic and not the unspent transaction output (UTXO) standard.
* There are many special (smart) transaction types, e.g. one for paying out revenue to multiple token holders in a single transaction, which scales very efficiently without bloating the chain.
Furthermore, the common operational and economic challenges discussed above do not apply to Signum:
* Creation As Signum provides tokens as a native element on it’s chain, creation is covered by only one transaction. Please see an example transaction herewhich results in this token here, ready to use from the block of creation. The cost of creating a token is 150 Signa, which is currently less than USD 0.70.
* Distribution of Tokens As Signum is account-based, a token can be transferred hassle free to any account on the chain with just one click. It’s as easy as sending an email. Example: Distributing a specific dividend-token to 10,327 different holders can already be done within less than 2 hours (see SignumTestnet). The transfers were processed from block 376,611 to 376,638, which took 1hr 48min and cost around 100 Signa (approx. USD 0.60). Note that this is only the initial distribution of tokens! The speed to perform the recurring payouts of the token related dividends is much faster. In fact, it is on a completely different speed level (see next point).
* Distribution of Dividend To demonstrate that the Signum blockchain can cover scenario 4 in our example above, we repeated sending a dividend to the 10,327 holders in one block more than 90 times — a mere 9% usage of our TPS. Please view these transactions on the chain here (101 times) and here (93 times). The distribution into the respective accounts of any of these 10,327 holders can be seen here. Overall, the chain updated holders’ balance changes more than 2 million times in under 2 minutes!
Finally, it is worth mentioning that Signum is a truly green and decentralized blockchain with no ICO or pre-mine. It is an open source project based on a philosophy of creating cutting edge technology that addresses many of the common problems around trading and security (see more on Signum’s native liquidity pools here). All innovations are kept in line the core principles of blockchains, i.e. decentralization, resistance to censorship, and global availability.

2024-05-18 22:46:25

Obviously, total cost of participation in this dimension will come at a cost to decentralization and consequently security of the blockchain.
In contrast to the above, the requirements for Signum node providers are very modest. A setup of only 2 vCPU, 2 GB RAM, 20 GB HD is necessary for a full node, which corresponds to an initial investment of only USD 140 (Source: Signum Hardware). If rented, the setup would incur monthly costs of only USD 11 (Source: Essential Signum). This of course makes the technology very inclusive, i.e. accessible to people in lower-income regions, which in turn fosters decentralization and hence security. This is a (sometimes forgotten) core principle of the blockchain concept in general.
The root cause for the predicted collapse of the currently dominant blockchains lies in their fundamental technological concept. In short, the logic is as follows:
* Tokens are not native elements of the platforms. They are created and managedthrough smart contracts. Every smart contract needs to be deployed on-chain. The original code takes up space and needs to be stored forever on every node. The result: a tremendous amount of duplicated code is deployed and stored on the blockchain.
* Handling simple operations like a token transfer by smart contracts leads to a huge increase in required blockchain space and effort when interacting with tokens.
* The result: blockchains get overloaded very quickly and/or the technical requirements to run a node become very high (which can lead to centralization).
In addition, there are operational and economic downsides:
On the operation side, the big problem is that specialized software engineers are needed to review and deploy the smart contracts. These developers are rare, expensive to hire, and hard to keep. Furthermore, there are numerous challenges around quality control as every contract is developed individually. On top, trust is an issue as the code is not easily reviewable by the publisher, e.g. with regards to back doors. And this is not just a theoretical problem: With a little research, everyone can see that in the past 12 months there have been many cases of token fraud or alleged hacks (recent example click here).
From an economic perspective,these technical and operational complications result in high costs of operating tokens. The whole token creation process (including hiring, coding, etc.) requires a substantial investment of time and money. Because one transaction is run per token and holder, transaction fees rack up very quickly. Attempting to mitigate these risks is very costly, as there are no ready-to-use tokens and complexity can increase quickly (not to mention the token hacks that are frequently reported).

2024-05-18 22:45:05

To audit how the existing big blockchains would perform in such a tokenized world, we can start with a simple use case:
Every month, a company makes a (revenue) pay-out to whoever holds the token in that particular moment.
We can now build five scenarios around this assumption. To keep the scenarios simple, only two dimensions serve as variables:
(1) Total number of different tokens issued and  (2) average number of holders per token.
Now, only the first variable (number of different tokens) is changed repeatedly by a factor of 10 to derive the number of transactions that must be handled by a blockchain:
For the above simulations, we assume that every holder should receive only one payment to their account/address every month. The results are striking:
When trying to handle the above scenarios under this simple use case, the existing big blockchains will collapse one after another. The blockchains´ TPSs (transactions per second) are just not high enough. The results are even more dramatic in more complex — and more realistic — use cases.
The underlying problem
Verifying the above analysis is simple and can be done by anyone: (1) Take the maximum number of monthly transactions each blockchain promises to deliver and (2) divide it by the number of transactions necessary to fulfill one payment per token holder per month for the given number of tokens. The result provides the percentage of the total blockchain capacity that would be required.
For the calculations in this paper, we used the following information which was either provided by the chains themselves or derived from expert estimates:
● Ethereum promises about 13transactions per second (Source: ETH explorer with TPS). This leads to around 34 million transactions per month — which is already insufficient for scenario 2, which requires 100 million payments per month.
● BSC promises about 63transactions per second (Source: TPS BSC and Solana and BSC Chart daily Tx). This implies around 162 million transactions per month — which is not enough for scenario 3, as it requires 1 billion payments per month.
● Cardano promises about 257transactions per second (Source: Cardano TPS from CMC), equivalent to around 692 million transactions per month — also inadequate for scenario 3, which requires 1 billion payments per month.
● Solana promises up to 50,000transactions per second, but this was never seen on the main net (Source: Solana TPS). The actual average is closer to 30,000 transactions per second. This calculates to around 77.7 billion transactions per month — which makes Solana the only blockchain out of the top 10 to cover at least scenario 4.
Another point to consider: For the examples above, there is a correlation between a blockchain’s capacity to handle transactions and the hardware requirements to run a node. The higher the capacity, the higher the hardware requirements and the associated costs of installation and maintenance. Solana, for example, handles about 30,000 transactions per second. However, to accomplish this, nodes need a setup with32vCPUs,128GB RAM, 2048 GB SSD. This requires either a one-time investment of around USD 7,100 (source: Solana Hardware) or a rental fee of around USD 210 per month (source: RISE-4 Solana). Both setups require additional spending on maintenance.

2024-05-18 22:42:57

2024-05-18 22:41:50

Collapse of the big blockchains on the horizon —no doubt

Signum
·
Follow
Published in
Signum-Network
13 min read
·
Jun 3, 2022
Listen
Share
Why booming tokenization will wipe out your favourite chains. Mind the gap!
The collapse
Tokenization is one of the most promising future applications for blockchains. In 2021, the market for tokenized assets is already about 2 trillion USD. By 2027, this market is expected to make up 10% of GDP, or 24 trillion USD. Use cases for tokenization are almost limitless across all industries as well as in the non-business world.
To audit how the existing big blockchains would perform in such a tokenized world, we can start with a simple use case:
Every month, a company makes a (revenue) pay-out to whoever holds the token in that particular moment.
We can now build five scenarios around this assumption. To keep the scenarios simple, only two dimensions serve as variables:
(1) Total number of different tokens issued and  (2) average number of holders per token.
Now, only the first variable (number of different tokens) is changed repeatedly by a factor of 10 to derive the number of transactions that must be handled by a blockchain:
For the above simulations, we assume that every holder should receive only one payment to their account/address every month. The results are striking:
When trying to handle the above scenarios under this simple use case, the existing big blockchains will collapse one after another. The blockchains´ TPSs (transactions per second) are just not high enough. The results are even more dramatic in more complex — and more realistic — use cases.
The underlying problem
Verifying the above analysis is simple and can be done by anyone: (1) Take the maximum number of monthly transactions each blockchain promises to deliver and (2) divide it by the number of transactions necessary to fulfill one payment per token holder per month for the given number of tokens. The result provides the percentage of the total blockchain capacity that would be required.
For the calculations in this paper, we used the following information which was either provided by the chains themselves or derived from expert estimates:
● Ethereum promises about 13transactions per second (Source: ETH explorer with TPS). This leads to around 34 million transactions per month — which is already insufficient for scenario 2, which requires 100 million payments per month.
● BSC promises about 63transactions per second (Source: TPS BSC and Solana and BSC Chart daily Tx). This implies around 162 million transactions per month — which is not enough for scenario 3, as it requires 1 billion payments per month.
● Cardano promises about 257transactions per second (Source: Cardano TPS from CMC), equivalent to around 692 million transactions per month — also inadequate for scenario 3, which requires 1 billion payments per month.
● Solana promises up to 50,000transactions per second, but this was never seen on the main net (Source: Solana TPS). The actual average is closer to 30,000 transactions per second. This calculates to around 77.7 billion transactions per month — which makes Solana the only blockchain out of the top 10 to cover at least scenario 4.
Another point to consider: For the examples above, there is a correlation between a blockchain’s capacity to handle transactions and the hardware requirements to run a node. The higher the capacity, the higher the hardware requirements and the associated costs of installation and maintenance. Solana, for example, handles about 30,000 transactions per second. However, to accomplish this, nodes need a setup with32vCPUs,128GB RAM, 2048 GB SSD. This requires either a one-time investment of around USD 7,100 (source: Solana Hardware) or a rental fee of around USD 210 per month (source: RISE-4 Solana). Both setups require additional spending on maintenance. Obviously, total cost of participation in this dimension will come at a cost to decentralization and consequently security of the blockchain.
In contrast to the above, the requirements for Signum node providers are very modest. A setup of only 2 vCPU, 2 GB RAM, 20 GB HD is necessary for a full node, which corresponds to an initial investment of only USD 140 (Source: Signum Hardware). If rented, the setup would incur monthly costs of only USD 11 (Source: Essential Signum). This of course makes the technology very inclusive, i.e. accessible to people in lower-income regions, which in turn fosters decentralization and hence security. This is a (sometimes forgotten) core principle of the blockchain concept in general.
The root cause for the predicted collapse of the currently dominant blockchains lies in their fundamental technological concept. In short, the logic is as follows:
• Tokens are not native elements of the platforms. They are created and managedthrough smart contracts. Every smart contract needs to be deployed on-chain. The original code takes up space and needs to be stored forever on every node. The result: a tremendous amount of duplicated code is deployed and stored on the blockchain.
• Handling simple operations like a token transfer by smart contracts leads to a huge increase in required blockchain space and effort when interacting with tokens.
• The result: blockchains get overloaded very quickly and/or the technical requirements to run a node become very high (which can lead to centralization).
In addition, there are operational and economic downsides:
On the operation side, the big problem is that specialized software engineers are needed to review and deploy the smart contracts. These developers are rare, expensive to hire, and hard to keep. Furthermore, there are numerous challenges around quality control as every contract is developed individually. On top, trust is an issue as the code is not easily reviewable by the publisher, e.g. with regards to back doors. And this is not just a theoretical problem: With a little research, everyone can see that in the past 12 months there have been many cases of token fraud or alleged hacks (recent example click here).
From an economic perspective,these technical and operational complications result in high costs of operating tokens. The whole token creation process (including hiring, coding, etc.) requires a substantial investment of time and money. Because one transaction is run per token and holder, transaction fees rack up very quickly. Attempting to mitigate these risks is very costly, as there are no ready-to-use tokens and complexity can increase quickly (not to mention the token hacks that are frequently reported).
The solution
The Signum blockchain allows for many different transaction typesbesides the standard money transfer or smart contract execution. Some of these smarttransactions can trigger multiple balance updates. This method gives users the convenience of the classical layer 1 approach, but at a much higher efficiency that is typically achieved only with layer 2 solutions. So in order to properly compare these so-called smart transactions with regular transactions, we introduced a new KPI which we call ‘smart transactions per second’, or STPS.   The first transaction to benefit from STPS was Signum’s multi-out payment in 2018. This transaction type enabled the Signum chain to conduct a pay-out up to 128 recipients in one transaction. This pushes the STPS from 1,020 to 19,200 per block (new block every 4 minutes). This increased the regular capacity from 4.25 TPS to 80 TPS for a given block size of only 179,520 bytes.
In June 2022, Signum introduced a STPS which is over 1,000x higher and can therefore cover the token distribution volumes in our scenarios 4 and 5. This is accomplished by a smart transaction that distributes revenue, pro rata, to all token holders in a single transaction that takes less than 200 bytes of blockchain space!
For comparison: A simple Bitcoin money transfer transaction usually takes up more than 200 bytes. And this is just a very basic event. All details around Signum’s massive upgrade with the Hard Fork Rainbow can be read here.
This means that Signum is the only blockchain that is able to handle all the scenarios we sketched out in our basic use case:
Signum provides this capacity by using the existing block size and the new transactions from Signum’s SIP-33. Future developments will expand this capability even more, i.e. by introducing new smart transactions with high STPS, reducing the amount of data on the blockchain needed per transaction (like the green contracts recently introduced with SIP-30). Finally, an increase of block size is also possible but might be prioritized downstream while development focuses on smart solutions instead of brute force by larger blocks and higher node requirements.
The big technological difference between Signum and other blockchains — which is very hard to replicate — can be summed up as follows:
• Tokens are native on the chain rather than smart contracts.
• Signum uses an account-basedlogic and not the unspent transaction output (UTXO) standard.
• There are many special (smart) transaction types, e.g. one for paying out revenue to multiple token holders in a single transaction, which scales very efficiently without bloating the chain.
Furthermore, the common operational and economic challenges discussed above do not apply to Signum:
• Creation As Signum provides tokens as a native element on it’s chain, creation is covered by only one transaction. Please see an example transaction herewhich results in this token here, ready to use from the block of creation. The cost of creating a token is 150 Signa, which is currently less than USD 0.70.
• Distribution of Tokens As Signum is account-based, a token can be transferred hassle free to any account on the chain with just one click. It’s as easy as sending an email. Example: Distributing a specific dividend-token to 10,327 different holders can already be done within less than 2 hours (see SignumTestnet). The transfers were processed from block 376,611 to 376,638, which took 1hr 48min and cost around 100 Signa (approx. USD 0.60). Note that this is only the initial distribution of tokens! The speed to perform the recurring payouts of the token related dividends is much faster. In fact, it is on a completely different speed level (see next point).
• Distribution of Dividend To demonstrate that the Signum blockchain can cover scenario 4 in our example above, we repeated sending a dividend to the 10,327 holders in one block more than 90 times — a mere 9% usage of our TPS. Please view these transactions on the chain here (101 times) and here (93 times). The distribution into the respective accounts of any of these 10,327 holders can be seen here. Overall, the chain updated holders’ balance changes more than 2 million times in under 2 minutes!
Finally, it is worth mentioning that Signum is a truly green and decentralized blockchain with no ICO or pre-mine. It is an open source project based on a philosophy of creating cutting edge technology that addresses many of the common problems around trading and security (see more on Signum’s native liquidity pools here). All innovations are kept in line the core principles of blockchains, i.e. decentralization, resistance to censorship, and global availability.
Comparison Ethereum vs. Solana vs. Signum
Given the similarity of Signum and Solana in terms of transactional capacity, we will provide a short comparison of these two open source projects. We also include Ethereum for additional context. Due to substantial differences in technical details and capabilities of these blockchains, this overview can only be a starting point for further exploration of Signum’s unique technology.
Before jumping into the comparison, a quick note on Signum’s consensus — a high quality feature, given the ubiquitous discussions around sustainability and decentralization in the blockchain world:
Since it’s inception in 2014, Signum has been green. It’s current version Proof of Commitment (PoC+) uses available disk space in combination with staking. The mining process for PoC+ is so effective and has such low hardware requirements that any consumer-grade PC can be used. The big implication is that basically anyone with a hard drive can join the network. The very low cost of participation invites a large number of validators, which makes for substantial decentralization and high security.
For comparison: Solana uses Proof of History (PoH), which needs a hardware setup similar to Ethereum’s. The core problem is that meaningful participation presupposes an investment of several thousand dollars in (specialized) equipment. This of course decreases the group of potential validators significantly and undermines decentralization.
Remarks on Market Capitalization
Although this paper focuses mainly on technical aspects, it is worth also considering the commercial side — if only to preempt the potential argument ‘If Signum is as great as you say, why is it’s market cap so low?’.
Here is our thinking on this (which of course is not intended as financial advice whatsoever):
Solana has been the most recent shooting star when it comes to growing an ecosystem and increasing market cap of its cryptocurrency SOL. Within less than two years, SOL went from around USD 0.60 in early 2020 to it’s peak of USD 259.0 in November 2021, increasing nearly 430x. Like other projects, Solana has benefited from a virtuous cycle in which price increases attract attention and projects, leading another price increase, and so on.
Signum in contrast has not even really become the new kid on the block yet. Almost no one has ever heard of it. The price of it’s coin SIGNA is therefore still extremely low (but already higher than SOL just 18 months ago, see below). This is because Signum is a complete makeover of a pioneer blockchain. Its underlying technology has proven successful since 2014, but the complete technological overhaul and re-branding have only just been completed very recently.
There are many reasons why Signum might see a dynamic similar to Solana’s, the most important of which are as follows:
• Signum has a sophisticated technology which offers a unique platform for a tokenized world. As argued in this paper, Signum has developed cutting edge solutions to significant technical problems. A comprehensive discussion of all of Signum’s capabilities is beyond the scope of this paper; please visit Signum’s website to learn more.
• Almost nobody in the blockchain space has taken note of Signum/Signa yet. As a direct consequence, there are only a very small number of projects running on the chain — and therefore very little demand for Signa from the developer and investor community. However, that could change overnight once Signum installs professional marketing and PR capacities. And as with Solana, this push in public awareness will most likely start a virtuous cycle that will be reflected in the price of Signa.
• Signum is pursuing the strategy of becoming a major building block in a multi-blockchain world. Connectivity will therefore always be a major element of the product roadmap. This ecosystem strategy will lead to the integration of Signum into many existing projects around the world — no need to start from zero ourselves.
From an investor’s perspective, the above leads to the following line of thought: As this project is not yet widely known, none of its future potential is currently priced into SIGNA. And considering that Solana went from a market cap of 4 million USD (May 2020) to 75 billion USD (November 2021) within 18 months (!), there seems to be a lot of potential for Signum/Signa.
Today, Signum/Signa has a market cap of around 10 million USD, which is 2x that of Solana just 18 months ago. If Signum now becomes more and more visible to the world, Signa might see a massive value increase as well. If Signum shows just 20% of the dynamic that Solana experienced, Signa’s market cap could go from 10 million USD to 1.2 billion USD (120x compared to Solana’s 430x).
So the short answer to our initial question ‘If Signum is as great as stated, why is it’s market cap so low?’ might simply be ‘Because nobody knows about it yet’.
Summary
In this paper, we exhibit our calculations concerning the behavior of ‘big blockchain’ once tokenization becomes mainstream and the number of associated transactions increase to multiples of today’s levels. The core findings are
• Today’s big blockchains were not built to run transaction tokens at scale
• We expect these blockchains to crash as soon as large amounts tokens are deployed
• Signum’s technology overcomes the shortcomings of the established blockchains
• Signum’s approach centers around ‘native tokens’ which are green, smart, and efficient
• Signum’s leading capabilities can easily be verified with just a few basic calculations
• Given the above, Signum is in a prime position to take the lead in a USD 24 trillion market
About the Author(s) The lead author of this paper is Benjamin Schroeter, president of the Signum Network Association(SNA), Switzerland. SNA was founded in 2021 as a not for profit organization to pave the way for marketing Signum. Read the latest open letter from the SNA here. Benjamin is a German serial tech entrepreneur and is invested in several European tech and gaming companies.
Multiple people within the inner circle of the Signum opensource project have made invaluable contributions to this paper — thank you all!
Discover Signum
Signum is the world’s first truly sustainable blockchain, featuring world-class applications on a sustainable leading-edge blockchain architecture. Compared to other cryptocurrencies, Signum powers its native cryptocurrency Signa (SIGNA) with a minor fraction of energy use and e-waste. Signum empowers users and developers around the world with innovative blockchain solutions for everyday life.
SNA is a Swiss Not-for-Profit Organization founded in 2021 to provide a solid foundation for Signum to grow and fulfill its vision of sustainability and innovation in blockchain technology.
Find out more at https://signum.network/ or join a Signum channel below. Get Signa: https://signum.network/exchanges.html
Twitter Telegram Discord Reddit Youtube
Documentation Wiki/Community
NFT-Portal
Your SIGNUM-NETWORK

2024-05-18 22:41:13

2024-04-28 16:48:22

It’s time for collaboration bitcoin wasn’t the only cryptocurrency Sashi touched. Please come and collaborate with Signum
https://discord.gg/wjvTtRcr

2024-04-02 16:00:23

- reply

So this is what you guys do in the great white north

2024-03-15 04:06:44

- reply

🙏💎👀

2024-03-15 04:06:31

- reply

🙏💎👀

2024-03-15 04:04:01

- reply

🖖

2024-03-01 21:12:59

- reply

You must be into Java.

2024-02-22 00:49:13

- reply

So how do I get a star?

2023-12-25 04:17:41

https://youtube.com/playlist?list=PL-E-VVw6ire33C62Yn4J11R2Ec50TpC8A&si=MZgRl5yhlF8_G6zE

2023-12-24 21:01:26

How many know that your eyes are windows to your soul?

2023-12-22 17:57:42

Makes all the miners look like what they are greedy bastards! https://video.nostr.build/fda51509a7768c182197087f8aebbe1744ed2208fa1a94c6de8bfa60bdec8a03.mp4

2023-12-21 20:07:47

https://video.nostr.build/28453b70e1d449bc4c674dcba6348f6bfeca32cbc419c31b1c409899e5577110.mp4

2023-12-21 17:02:29

https://video.nostr.build/e4488abb0812b8a099669823ae76451227e8165b25de25693b9d5524b97a52b9.mp4

2023-12-21 16:16:43

https://video.nostr.build/b7009986154b17d684a3bca2b8e8d28b1f24e1f03bdcf3bcecabae1b4706f573.mp4

2023-12-10 06:55:17

This is for you….

2023-12-09 18:52:24

https://video.nostr.build/724da3b1a49d634cc394c9c72463f4921f11bb0b38d28bca26725a7a18870b98.mp4

2023-12-08 23:42:11

https://video.nostr.build/a53d07dbedf984f71deafe6eacca5cb924303d3ddfae812be95a26a842358dd5.mp4

2023-12-08 23:39:16

https://video.nostr.build/3ff0099440efd2e6acd8dcadb5fa5565fa33ed50b3f8bc3824f1c96c3d7ef508.mp4

2023-12-08 23:37:46

https://video.nostr.build/697274b62d2030658271b2994162dfdace879c3c32a2c15b8eb855a1eec42624.mp4

2023-12-08 23:27:45

Sashi didn’t just touch bitcoin https://video.nostr.build/a71997fdd5506767502dea3321737936f10d5c6e3fd9a41c70c5835df9c8baf7.mp4

2023-12-03 02:48:57

https://video.nostr.build/fcbeae27915cd4e2734173548ec4b63456fadcd77ab554c2cd06334513db709e.mp4

2023-11-25 15:00:36

I’d like to thank everybody who tried putting five Satoshi’s in my WalletOfSatoshi account I am very displeased with Wallet of Satoshi quitting the United States. Have a nice day…..
https://media.tenor.com/cGzxxjjTQ9oAAAAC/disappointed-sivakarthikeyan.gif

2023-11-25 14:56:36

https://www.bloomberg.com/news/articles/2023-11-24/wall-street-cheers-as-milei-swaps-dollarization-for-macri-brass Wall Street Cheers as Milei Swaps Dollarization for Macri Brass
Psych !!!! ……

2023-11-24 16:15:41

https://www.theblock.co/post/264585/wallet-of-satoshi-bitcoin-lightning
What the fuck

2023-11-24 16:15:12

- reply

Glum keys

2023-11-23 01:15:54

Sure, here's the updated history:
Signum (formerly Burstcoin) is a cryptocurrency that was created in 2014. It originated as a fork of the NXT blockchain and its codebase. It is based on the Proof-of-Capacity (PoC) consensus algorithm, which allows users to participate in mining using their hard drive space instead of computing power. This makes it more accessible and environmentally friendly compared to other cryptocurrencies that rely on Proof-of-Work (PoW). In 2020, the Burstcoin community rebranded the coin to Signum as part of a larger effort to expand its reach and improve its technology. The project continues to be actively developed and has a strong community of supporters.

2023-11-23 01:15:27

- reply

I emptied it

2023-11-22 22:10:43

Could somebody fill this for me please it’s not much but I just wanna use it for an experiment….
lnbc50n1pj4umwepp5a2qy2m7vgezas9jn2nlvrs59393t9mn3jfeecqww9yhnud50pwzqdqqcqzzsxqyz5vqsp5zflna6qg4fqykwkgfnval6l99y9ne3fhzyl8a2yew7mjn9pjz2fs9qyyssqsst64ukv62yra33n8d7smkzh0kxe48kt7ax562un7lvcuqatst9pmkcuxkz0egn5tkec2h5eh2k0f47dxrf5wn5ml3xpa6us7kzrqcqp30rejj

2023-11-18 03:25:39

- reply

👋

2023-11-18 03:24:40

- reply

1700273934

2023-11-18 03:24:19

- reply

3 1700273934

2023-11-18 03:16:35

- reply

Sweet?

2023-11-18 02:55:38

a knight rests on a cliff above a cozy and cute seaside village at sunset, dramatic lighting, vivid color, 1 6 bit pixel cover art…..
The prompt was awesome. I hope you don’t mind.
I called this Nostrton…. https://image.nostr.build/3e39016014040ca42509e978c5c8bc1f5adc4a47f3334a6708a1e9072c1f99ea.jpg

2023-11-18 02:44:03

- reply

Alignment completed 🙏💎👀

2023-11-18 02:37:15

https://signumart.io/collection/16295995078368465698

2023-11-10 13:15:47

- reply

Good day….
https://media.tenor.com/GpzwMMDFAdgAAAAC/smile-salute.gif

2023-11-10 13:14:30

- reply

Sumatra pour over

2023-11-06 08:48:43

- reply

Only boring people get bored

2023-10-27 12:06:00

- reply

Remember, marijuana is legal in Michigan

2023-10-25 13:18:53

- reply

Beer?…. https://image.nostr.build/ab717987ba65a7e6d48beac85db8f951a86acbf95e4b1c16358c6ae70a80a57f.jpg

2023-10-22 14:43:58

- reply

Yeah, but not that kind

2023-10-15 23:38:40

- reply

I think like #signa

2023-09-04 23:40:24

- reply

Check the rate at the ATM

2023-08-26 23:21:48

Now that you know why Nxt was created, you should choose which path to follow. The easiest one is to repeat the history of Bitcoin in the hope that something will change. The alternative is to implement Transparent Mining and try to handle people's imperfections. The latter can't be done with pure math, and even if you manage to find some applicable laws, you can't be sure that those laws won't change in the future.
BCNext has departed permanently. He doesn't feel responsible for the future of Nxt. He implemented an idea that was obvious, but nobody else tried to do it (maybe because the creation of a Bitcoin clone was much easier). One day he will return with his main project, under his real name. Don't try to learn the real identity of BCNext. He intentionally copied the styles and ideas of different people. If you think you've found him, you are likely wrong. BCNext never existed. This "sock puppet" was created only for Nxt, and will never appear again.
The plan always was very simple - to show a path that very obvious but was avoided for some reason. BCNext doesn't pretend that he possesses sacral knowledge and knows what is awaiting in the end. You are left on your own. Good luck. Now that you know why Nxt was created, you should choose which path to follow. The easiest one is to repeat the history of Bitcoin in the hope that something will change. The alternative is to implement Transparent Mining and try to handle people's imperfections. The latter can't be done with pure math, and even if you manage to find some applicable laws, you can't be sure that those laws won't change in the future.
BCNext has departed permanently. He doesn't feel responsible for the future of Nxt. He implemented an idea that was obvious, but nobody else tried to do it (maybe because the creation of a Bitcoin clone was much easier). One day he will return with his main project, under his real name. Don't try to learn the real identity of BCNext. He intentionally copied the styles and ideas of different people. If you think you've found him, you are likely wrong. BCNext never existed. This "sock puppet" was created only for Nxt, and will never appear again.
The plan always was very simple - to show a path that very obvious but was avoided for some reason. BCNext doesn't pretend that he possesses sacral knowledge and knows what is awaiting in the end. You are left on your own. Good luck.

2023-08-14 21:04:13

1% of the world has the money. Does that mean that I work for that one percent if I wasn’t born in that one percent?
I guess you know why nobody really wants to work anymore.

2023-07-17 20:54:08

1. Proof-of-Capacity (PoC) Mining: Signum Network utilizes the PoC consensus algorithm, which relies on hard drive space rather than computational power. Miners allocate their available storage space to generate cryptographic proofs, which determine their chances of mining new blocks and earning block rewards. This approach is energy-efficient and allows for broader participation in the mining process.
2. Block Rewards and Token Issuance: Miners who successfully mine blocks are rewarded with SIGNA coins. These block rewards serve as an incentive for miners to contribute their storage capacity to secure the network. The rate of new token issuance is determined by the network’s protocol and parameters, which helps control inflation and the overall token supply.
3. Transaction Fees: In addition to block rewards, miners may also receive transaction fees for including transactions in mined blocks. Transaction fees serve as an additional incentive for miners and help prioritize transactions on the network.
4. Token Utility: SIGNA serves multiple purposes within the Signum Network ecosystem. It can be used as a medium of exchange for transactions, a store of value, and a means of participating in the network’s governance. The utility and demand for SIGNA are influenced by factors such as network adoption, the availability of applications and services built on the network, and the overall ecosystem’s growth.
5. Decentralized Exchanges: SIGNA can be traded on various decentralized exchanges (DEXs) that support its trading pairs. The price of SIGNA on these exchanges is determined by supply and demand dynamics, and market participants’ trading activities.
6. Community and Adoption: The success of Signum Network’s economics relies on community engagement, active participation, and adoption. As more individuals, businesses, and developers join the ecosystem and utilize SIGNA for various purposes, it can potentially increase the token’s value and overall network utility.
It’s important to note that the specifics of Signum Network’s economic model may have evolved since my knowledge cutoff in September 2021. Therefore, staying updated with the latest information and consulting official Signum Network resources will provide the most accurate and current understanding of its economics.

2023-07-14 01:05:33

Aspartame cause cancer but it’s safe that’s like saying aspartame safely causes cancer what the fuck

2023-07-14 01:03:57

Hello, is anybody there?

2023-07-07 01:02:59

So whatever happened with the writers strike!🤷🏼

2023-07-05 20:06:33

- reply

How about this we all live in this world you do you and I’ll do me I won’t hurt you you don’t hurt me.

2023-07-04 21:04:51

- reply

Thanks for looking https://nostr.build/i/ae9af4e9773fea336547e45c45145a5e035174de45f626151a5cf9c0c6badf7e.jpg

2023-07-04 20:57:56

I believe this to be true…. #note1g3d…qg8j

2023-07-04 20:57:03

Definitely unsung…. #note1htn…5wtf

2023-07-04 20:53:52

I made this…. #note16e5…6wh7

2023-07-02 20:00:15

https://nostr.build/i/9d4a712b7d99aead853d85eec121d8fde6111ec7fc560d3c180ab74917281bbb.jpg

2023-06-30 00:32:21

3,.700,000 acres of forest in Canada burned where are we going to hide now?

2023-06-26 15:50:51

- reply

So, as long as we still have the app on our phone, we’re good, but nobody else will be able to put it on there, correct ?

2023-06-26 15:50:09

So, as long as we have the app on our phone, we will still have it, but you will not be able to get it from the App Store anymore. Is that what I’m hearing?

2023-06-24 03:27:21

- reply

I can’t wait till we can use CIGNA to zap people

2023-06-24 03:26:37

Yup #note15p8…756t

2023-06-20 13:21:38

- reply

Good day….
https://media.tenor.com/GpzwMMDFAdgAAAAC/smile-salute.gif

2023-06-20 13:17:59

- reply

Thanks for trying

2023-06-19 22:50:55

Just thought I’d throw this out there….
lnbc101pjfp0mgpp5gefw0tx8ejaffccq9cdm7xuegcdmtra33ywkg0ukvf33cc2mv54sdqu2askcmr9wssx7e3q2dshgmmndp5scqzzsxqyz5vqsp5dxwp6kgnwjt334wrscrmzre6elwrvk4plh8t9etgze4ag94xdeas9qyyssqf4dka8yr546cxjcellxy0fdjv3exwve6dcpr7m2c3r5t58j2afc8jz5qqmqn0yqfcwpjq5vz982hjaat275nql4gpvd3r9fhxs22zlsq933n2n

2023-06-19 22:43:20

I thought for privacy
Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world.
If two parties have some sort of dealings, then each has a memory of their interaction. Each party can speak about their own memory of this; how could anyone prevent it? One could pass laws against it, but the freedom of speech, even more than privacy, is fundamental to an open society; we seek not to restrict any speech at all. If many parties speak together in the same forum, each can speak to all the others and aggregate together knowledge about individuals and other parties. The power of electronic communications has enabled such group speech, and it will not go away merely because we might want it to.
Since we desire privacy, we must ensure that each party to a transaction has knowledge only of that which is directly necessary for that transaction. Since any information can be spoken of, we must ensure that we reveal as little as possible. In most cases, personal identity is not salient. When I purchase a magazine at a store and hand cash to the clerk, there is no need to know who I am. When I ask my electronic mail provider to send and receive messages, my provider need not know to whom I am speaking or what I am saying or what others are saying to me; my provider only need know how to get the message there and how much I owe them in fees. When my identity is revealed by the underlying mechanism of the transaction, I have no privacy. I cannot selectively reveal myself; I must always reveal myself.
Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.
Privacy in an open society also requires cryptography. If I say something, I want it heard only by those for whom I intend it. If the content of my speech is available to the world, I have no privacy. To encrypt is to indicate the desire for privacy, and to encrypt with weak cryptography is to indicate not too much desire for privacy. Furthermore, to reveal one's identity with assurance when the default is anonymity requires the cryptographic signature.
We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence. It is to their advantage to speak of us, and we should expect that they will speak. To try to prevent their speech is to fight against the realities of information. Information does not just want to be free, it longs to be free. Information expands to fill the available storage space. Information is Rumor's younger, stronger cousin; Information is fleeter of foot, has more eyes, knows more, and understands less than Rumor.
We must defend our own privacy if we expect to have any. We must come together and create systems which allow anonymous transactions to take place. People have been defending their own privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers. The technologies of the past did not allow for strong privacy, but electronic technologies do.
We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money. Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can't get privacy unless we all do, we're going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don't much care if you don't approve of the software we write. We know that software can't be destroyed and that a widely dispersed system can't be shut down.
Cypherpunks deplore regulations on cryptography, for encryption is fundamentally a private act. The act ofencryption, in fact, removes information from the public realm. Even laws against cryptography reach only sofar as a nation's border and the arm of its violence. Cryptography will ineluctably spread over the whole globe,and with it the anonymous transactions systems that it makes possible.
For privacy to be widespread it must be part of a social contract. People must come and together deploy thesesystems for the common good. Privacy only extends so far as the cooperation of one's fellows in society. We theCypherpunks seek your questions and your concerns and hope we may engage you so that we do not deceiveourselves. We will not, however, be moved out of our course because some may disagree with our goals.
The Cypherpunks are actively engaged in making the networks safer for privacy. Let us proceed together apace.
Onward.
Eric Hughes [[email protected]]

2023-06-19 22:03:01

Yes, cryptocurrencies have the potential to be disruptors in the monetary system. Cryptocurrencies, such as Bitcoin and Ethereum, operate on decentralized networks and utilize blockchain technology. They offer certain advantages like security, transparency, and the potential for faster and cheaper transactions compared to traditional banking systems.
However, it's important to note that the adoption and impact of cryptocurrencies on the monetary system are still evolving. Regulatory frameworks, scalability issues, volatility, and concerns about illicit activities are some factors that can affect their widespread integration into mainstream financial systems. As the technology continues to develop and mature, cryptocurrencies may play a more significant role in shaping the future of the monetary system.

2023-06-18 02:56:35

https://medium.com/signum-network/collapse-of-the-big-blockchains-on-the-horizon-no-doubt-670547480b60
The first transaction to benefit from STPS was Signum’s multi-out payment in 2018. This transaction type enabled the Signum chain to conduct a pay-out up to 128 recipients in one transaction. This pushes the STPS from 1,020 to 19,200 per block (new block every 4 minutes). This increased the regular capacity from 4.25 TPS to 80 TPS for a given block size of only 179,520 bytes.

2023-06-17 21:56:02

https://www.thestreet.com/technology/elon-musk-offers-a-deal-to-the-world

2023-06-12 01:52:21

Signum Network aims to be a decentralized platform. It utilizes the Proof of Capacity (PoC) consensus algorithm, which allows participants to contribute their storage space to secure the network and validate transactions. This approach promotes decentralization by reducing barriers to entry, as participants do not need expensive mining hardware or excessive computational power.
Decentralization in Signum Network can be influenced by factors such as the distribution of storage space across participants and the level of network participation. The broader the distribution of storage and active participants, the more decentralized the network becomes.
It's important to note that achieving full decentralization is an ongoing process, and the level of decentralization in any blockchain network can evolve over time. However, Signum Network's design and consensus mechanism are intended to foster a decentralized ecosystem for storage and digital asset management.

2023-06-11 20:42:02

1. Burst Network:(rebranded to Signum)
- Genesis Block: The Burst network's Genesis block was created on August 11, 2014.
- Proof of Capacity (PoC): Burst uses a unique consensus algorithm called Proof of Capacity, which leverages hard drive space for mining instead of traditional computational power.
- Decentralized File Storage: Burst incorporates a decentralized file storage system where users can store and share data using the blockchain.
- Smart Contracts: Burst has implemented smart contract capabilities, enabling the creation and execution of self-executing contracts on the network since before, Ethereum.
2. Signum Network (formerly known as Burst Dymaxion):
- Genesis Block: The Signum network emerged as a rebrand of Burst Dymaxion on March 10, 2021.
- Tangle-Based Consensus: Signum employs a tangle-based consensus algorithm inspired by the technology behind IOTA. This approach offers scalability, fast transactions, and zero fees.
- Dynamic Pegging: Signum introduces dynamic pegging, which allows users to peg their funds to various assets or currencies, providing stability and versatility.
- Atomic Cross-Chain Swaps: Signum supports atomic cross-chain swaps, enabling users to exchange assets between different blockchains securely.
Please note that this is just a brief overview, and there are many more details and features associated with both Burst and Signum networks. If you require more specific information or have any particular questions, feel free to ask! https://discord.gg/PHgW4gsS

2023-06-11 13:29:00

- reply

You haven’t got enough blood for that….
https://media.tenor.com/75S28QKvGjkAAAAC/enough-shouting.gif

2023-06-10 12:24:06

Mining Signa involves participating in the Signum network's consensus algorithm to validate transactions and secure the blockchain. Signum utilizes a unique proof-of-capacity (PoC) algorithm, which allows miners to use their hard drive space rather than computational power to mine new blocks.
Here are the key steps and components involved in mining Signa:
1. Plotting: Plotting is the process of precomputing your hard drive space to generate proofs for mining. It involves creating nonces (unique mathematical calculations) that will be used during the mining process. The more hard drive space you allocate for plotting, the higher your chances of mining a block.
2. Mining Software: You need mining software that supports Signa mining and is compatible with the Signum network. The official Signum Wallet often includes built-in mining software, or you can explore third-party options.
3. Storage Space: Signum mining requires a significant amount of hard drive space. The more storage you allocate for mining, the better your chances of finding blocks. The hard drive must be reliable and have a high-speed connection for optimal performance.
4. Mining Process: Once you have plotted your hard drive space and set up the mining software, you can start the mining process. The mining software will continuously scan your plotted space, searching for a solution to a cryptographic puzzle. Finding a solution enables you to mine a new block.
5. Block Rewards: When you successfully mine a new block, you are rewarded with newly minted Signa coins and any transaction fees included in that block. These rewards serve as an incentive for miners to contribute their resources to the network.
6. Network Consensus: Signum utilizes a decentralized consensus mechanism, where multiple miners participate in the network. The consensus is achieved through the collective agreement on valid transactions and the ordering of blocks. The majority of miners must agree on the validity of transactions and the order in which blocks are added to the blockchain.
7. Mining Pools (Optional): Joining a mining pool is an alternative to mining individually. Mining pools allow multiple miners to combine their resources and increase their chances of mining blocks. If a block is successfully mined by a pool, the rewards are distributed among the participating miners based on their contributions.
It's worth noting that mining Signa or any cryptocurrency can be resource-intensive, requiring significant storage space, computational power, and electricity. It's important to consider the costs involved, such as hardware, energy consumption, and potential returns, to determine the feasibility and profitability of mining.