You see, I run a Monero node too. It's much larger in storage (10-20x larger) and transactions cost around 10-1000x more and half as fast. There's a lot to compare but needless to say, I run both. This is the cost of privacy.
I happily pay that cost. The things I spend money on are my business. The things like care about and love are private until I say otherwise.
Can any one answer some of Q's on the ZDEX?
1. How much of the transactions fees from ZDEX goes to masternodes?
2. Does the entire ZDEX run on masternodes layer so even if zdex website is down, exchange will still be alive?
Bitcoin block reward halves, which will reduce new coin mints. PIVX on the other hand, has a consistent block reward. What makes it different is that all transaction fees are burned (removed from circulation). Given enough transaction volume, total number of PIV/zPIV can decrease.
PIVX percentage continues to drop as estimated coin supply increases. Unlike Bitcoin and some others, PIVX annual inflation percentages are estimated, because coin supply isn't hard coded and depends on transaction volume.
I ran into this when I jumped out of zPIV minting. You can only spend so many denominations of zPIV per transaction (I believe 7 denoms per transaction). With 1 zPIV denoms, you hit this limit real quick. Reduce your spends to PIV to 7 zPIV per transaction and they should go through.
I'm trying to understand and get calibrated on transaction cost. iota has none, bitcoin seems high and all I can find on pivx is that its low. I've already been caught on bitcoin by spending time to get some bitcoin on a faucet only to find out that they are paying way below the transaction cost and the time of zero cost transaction has past. What is the smallest spend amout on pivx where i will still have something when it arrives at the new address.
Yeah. I think we'd likely see the following:Slightly slower zPIV spend (maybe 10-30 seconds more depending on PC?)Lower transaction size (5-50% maybe?)Lower blockchain storage size (close to the same as tx size)
Dash Stress Test Passes 3 Million Transactions, Smashes Bitcoin Cash Record by Nearly 50% | Dash Force Newshttps://www.dashforcenews.com/dash-stress-test-passes-3-million-transactions-smashes-bitcoin-cash-record-by-nearly-50/
Dash is making some cool progress. PIVX has a different set of challenges for the most part. Our Zerocoin transactions are much larger. This is why Bulletproofs could be helpful.We also have a tail emission and will have elastic blocks which in the opinion of some, has solved the scaling problem.Over time, thanks to our DAO, PIVX can fund it's own development. Our nodes and Masternodes will get more capable over time too.Dash has a long term plan to create Dash ASICS and hardware requirements for Masternodes. They will scale blocksize heavily. I think blocks go up from 5MB to several hundred megabytes.
So, Dash and Monero are PoW.Monero has a tail emission of 0.6XMR per block. This means miners are always incentivised to verify transactions even if fees are low.PIVX also has a tail emission which is the current phase. This is because we are PoS.PIVX is a fork of Dash which I believe is a fork of Litecoin which is a fork of Bitcoin. We utilise code from a huge range of currencies including Zerocoin.We have no smart contracts haha.
can a admin write me per pn please? There i have a problem with my masternode.Failed to sart pivx1. Error: Could not allocate txin "then hash" for masternode "my IP"Is it normal for the transaction to be 9000 pivx and 1000 automatically converted to zpiv?This is confusing and i don´t know if this is the problem.