elective-stereophonic
elective-stereophonic
[Ardor] It's coming...  
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client: Nxt 1.11.15

Pages: 1 2 3 4 [All]

Author Topic: [Ardor] It's coming...  (Read 23438 times)

Damelon

  • Administrator
  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
[Ardor] It's coming...
« on: January 04, 2017, 01:57:26 pm »

Lior just sent me these previews of the Ardor Wallet for Testnet.

The dev team is happy with the progress and we can expect to be able to play around soon. :)



Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

TheWireMaster

  • Sr. Member
  • ****
  • Karma: +27/-0
  • Offline Offline
  • Posts: 356
    • View Profile
    • NXT Folks
Re: [Ardor] It's coming...
« Reply #1 on: January 04, 2017, 02:02:40 pm »

Very cool!!! When when when? :)
Logged
NXT-5WW2-XQ63-CFGM-G7YAJ

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile
Re: [Ardor] It's coming...
« Reply #2 on: January 04, 2017, 02:20:34 pm »

This made my heart jump!

 :D :D :D
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

rubenbc

  • Hero Member
  • *****
  • Karma: +187/-3
  • Offline Offline
  • Posts: 1304
  • I'm here and you?
    • View Profile
Re: [Ardor] It's coming...
« Reply #3 on: January 04, 2017, 02:27:19 pm »

Amazing ;D im very very happy ;D

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: [Ardor] It's coming...
« Reply #4 on: January 04, 2017, 03:00:54 pm »

Woohoo great news and work team!
Logged

cryptAnalyzer

  • Full Member
  • ***
  • Karma: +3/-2
  • Offline Offline
  • Posts: 218
    • View Profile
Re: [Ardor] It's coming...
« Reply #5 on: January 04, 2017, 03:10:06 pm »

Good. When will it be released?
Logged

cryptAnalyzer

  • Full Member
  • ***
  • Karma: +3/-2
  • Offline Offline
  • Posts: 218
    • View Profile
Re: [Ardor] It's coming...
« Reply #6 on: January 04, 2017, 03:10:48 pm »

Good. When will it be released?
Logged

HCLivess

  • Hero Member
  • *****
  • Karma: +121/-47
  • Offline Offline
  • Posts: 521
  • Hardcore Gaming CEO
    • View Profile
Re: [Ardor] It's coming...
« Reply #7 on: January 04, 2017, 04:18:05 pm »

good. good. too bad the gui doesnt show all the hard work beneath
Logged
Producing, Lending, Mining, Trading, Forging, Staking

durerus

  • Hero Member
  • *****
  • Karma: +106/-8
  • Offline Offline
  • Posts: 527
  • user-owner
    • View Profile
Re: [Ardor] It's coming...
« Reply #8 on: January 04, 2017, 04:21:23 pm »

Amazing how you always deliver on time.
Logged

cayenne

  • Sr. Member
  • ****
  • Karma: +10/-2
  • Offline Offline
  • Posts: 253
    • View Profile
Re: [Ardor] It's coming...
« Reply #9 on: January 04, 2017, 04:32:33 pm »

How much lead time, advance notice, do we get before Ardor goes live (after testnet) ??
Logged

farl4bit

  • Global Moderator
  • Hero Member
  • *****
  • Karma: +210/-45
  • Offline Offline
  • Posts: 3465
    • View Profile
    • Blockchain Twitter
Re: [Ardor] It's coming...
« Reply #10 on: January 04, 2017, 05:54:43 pm »

Great and thanks for posting this.  :-* :D
Logged

NxtSwe

  • Hero Member
  • *****
  • Karma: +124/-9
  • Offline Offline
  • Posts: 657
    • View Profile
Re: [Ardor] It's coming...
« Reply #11 on: January 04, 2017, 06:57:56 pm »

Awesome!  :D
A question: will addresses have same NXT- prefix as with NXT chain?
I would have expected a ARDR-prefix or something to separate them, but maybe there's no need for that?
Logged
Check out the NxtLib, the .NET Framework API for the Nxt platform.

galeki

  • Full Member
  • ***
  • Karma: +16/-2
  • Offline Offline
  • Posts: 228
    • View Profile
Re: [Ardor] It's coming...
« Reply #12 on: January 04, 2017, 07:46:40 pm »

Can't wait to see the test net and what Ardor can do :D
Logged

OTSnl

  • Jr. Member
  • **
  • Karma: +0/-2
  • Offline Offline
  • Posts: 15
    • View Profile
Re: [Ardor] It's coming...
« Reply #13 on: January 04, 2017, 07:56:12 pm »

Somebody familiar with Freewallet.org? Have ordered some Ardor but still nothing in my wallet. It is a week ago and Freewallet doesnt response my email.
Logged

RocketBunny

  • Jr. Member
  • **
  • Karma: +5/-2
  • Offline Offline
  • Posts: 65
  • Big engines fan
    • View Profile
    • Stocks.exchange - where real business meet with crypto world
Re: [Ardor] It's coming...
« Reply #14 on: January 04, 2017, 08:37:29 pm »

waiting for it
Logged
NXT: Vadym
https://stocks.exchange
mailto: vk@stocks.exchange

Ludom

  • Hero Member
  • *****
  • Karma: +197/-15
  • Offline Offline
  • Posts: 1733
    • View Profile
    • Plaisir & Valeur d'histoire
Re: [Ardor] It's coming...
« Reply #15 on: January 04, 2017, 08:47:04 pm »

 :D :D :D

Thanks  for the good work

Logged
Support us to publish "The first book about Nxt"

Nxter

  • Hero Member
  • *****
  • Karma: +61/-7
  • Offline Offline
  • Posts: 597
    • View Profile
Re: [Ardor] It's coming...
« Reply #16 on: January 04, 2017, 10:39:12 pm »

Logged

schnidl

  • Jr. Member
  • **
  • Karma: +8/-0
  • Offline Offline
  • Posts: 49
    • View Profile
Re: [Ardor] It's coming...
« Reply #17 on: January 04, 2017, 10:48:06 pm »

 :o :o :o
looking forward!!!
Logged
NXT-NBY7-VPLP-YGF9-BXF7Z

allwelder

  • Hero Member
  • *****
  • Karma: +196/-13
  • Offline Offline
  • Posts: 1867
  • NxtChina.org
    • View Profile
    • NxtChina.org
Re: [Ardor] It's coming...
« Reply #18 on: January 04, 2017, 11:57:27 pm »

 8)
Cool.
Logged
NxtChina |Weibo |Twitter Donation welcomed:NXT-APL9-66GU-K8LY-B3JJJ

qq2536007339

  • Hero Member
  • *****
  • Karma: +42/-9
  • Offline Offline
  • Posts: 514
    • View Profile
Re: [Ardor] It's coming...
« Reply #19 on: January 05, 2017, 12:10:12 am »

This is really great,so there is going to be 3 childchains?
Logged
你送我阿朵,我是要的。ARDOR-DJ68-PG7W-4JEU-2LU5T

Piano-man

  • Jr. Member
  • **
  • Karma: +4/-3
  • Offline Offline
  • Posts: 15
    • View Profile
Re: [Ardor] It's coming...
« Reply #20 on: January 05, 2017, 06:56:35 am »

I love the ardor
Logged

soldat

  • Jr. Member
  • **
  • Karma: +1/-0
  • Offline Offline
  • Posts: 15
    • View Profile
Re: [Ardor] It's coming...
« Reply #21 on: January 05, 2017, 08:38:55 am »

Good news !

MrCluster87

  • Hero Member
  • *****
  • Karma: +81/-3
  • Offline Offline
  • Posts: 855
    • View Profile
    • youtube
Re: [Ardor] It's coming...
« Reply #22 on: January 05, 2017, 11:28:06 am »

Chapeaux!!   ;)

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #23 on: January 05, 2017, 02:33:04 pm »

Awesome!  :D
A question: will addresses have same NXT- prefix as with NXT chain?
I would have expected a ARDR-prefix or something to separate them, but maybe there's no need for that?
Addresses still have NXT- prefix.  I'm using the same account names on Nxt 2.0 that I used on Nxt 1.x.
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #24 on: January 05, 2017, 02:41:42 pm »

This is really great,so there is going to be 3 childchains?
Main chain is ARDR.  Child chains are IGNIS, BTC, USD and EUR.  ARDR, IGNIS and BTC have 8 decimal places while USD and EUR have 2 decimal places. 

I have several projects at https://github.com/ScripterRon that can be used to check out the new features once testnet is available.  You can also take a look at the code if you want an advance look at the new API.
Logged

P4ndoraBox

  • Jr. Member
  • **
  • Karma: +12/-6
  • Offline Offline
  • Posts: 59
    • View Profile
Re: [Ardor] It's coming...
« Reply #25 on: January 05, 2017, 04:37:26 pm »

Im really glad to put aside some of my paycheck money week by week, whatever the price was into Ardor, it was the right choice to make and im looking forward to contjnue doi g so :)
Logged

asfd

  • Jr. Member
  • **
  • Karma: +23/-0
  • Offline Offline
  • Posts: 99
    • View Profile
Re: [Ardor] It's coming...
« Reply #26 on: January 05, 2017, 06:42:38 pm »

Amazing!
Can you explain us how is going to work the fiat gateways? Who will back the value of the USD in the childchain, and how? And in the case of the BTC chilchain... is it going to use de MGW token?
Thank you for you briliant work. Can't wait to try it.
Logged

Sabertooth

  • Jr. Member
  • **
  • Karma: +3/-1
  • Offline Offline
  • Posts: 53
    • View Profile
Re: [Ardor] It's coming...
« Reply #27 on: January 05, 2017, 06:45:31 pm »

This is really great,so there is going to be 3 childchains?
Main chain is ARDR.  Child chains are IGNIS, BTC, USD and EUR.  ARDR, IGNIS and BTC have 8 decimal places while USD and EUR have 2 decimal places. 

I have several projects at https://github.com/ScripterRon that can be used to check out the new features once testnet is available.  You can also take a look at the code if you want an advance look at the new API.

Who is going to be responsible for bundling these official childchains?
Logged

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: [Ardor] It's coming...
« Reply #28 on: January 05, 2017, 09:22:37 pm »

This is really great,so there is going to be 3 childchains?
Main chain is ARDR.  Child chains are IGNIS, BTC, USD and EUR.  ARDR, IGNIS and BTC have 8 decimal places while USD and EUR have 2 decimal places. 

I have several projects at https://github.com/ScripterRon that can be used to check out the new features once testnet is available.  You can also take a look at the code if you want an advance look at the new API.

Who is going to be responsible for bundling these official childchains?

The bundlers of the specific Child Chain.  Can be multiple people that have this role. Think it can be handed out by the Child chain issuer.

If i am not correct please let me.know
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #29 on: January 05, 2017, 09:29:04 pm »


Who is going to be responsible for bundling these official childchains?
Anybody can bundle child transactions.  But you must have ARDR.  When you bundle child transactions, you create a child block transaction which is included in the next block.  You receive fees from the child transactions and you pay ARDR for the child block transaction.  You can use the child coins to create your own transactions or exchange them for another coin (including ARDR if somebody has ARDR they want to get rid of).  There is a Coin Exchange similar to the Asset Exchange and the Currency Exchange where users can trade child coins with each other.

It is also possible for a business to set up a fiat exchange.  I did one for Nxt 1.x (TokenExchange) as a consulting project which exchanged a Nxt currency with Bitcoins.  I've started adapting this project for Nxt 2.x (CoinExchange) to exchange a child coin (not necessarily BTC) with Bitcoins.  Going directly to fiat currency gets you involved in a lot of monetary regulations (AML, KYC, etc), so it is easier to use Bitcoins as an intermediate step.
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #30 on: January 05, 2017, 09:32:25 pm »


Who is going to be responsible for bundling these official childchains?

The bundlers of the specific Child Chain.  Can be multiple people that have this role. Think it can be handed out by the Child chain issuer.

If i am not correct please let me.know
As it stands now, no special permissions are needed to bundle transactions for a particular chain.  But you have to make a commitment to the chain because it costs you ARDR each time you create a bundle and the fees you receive are in the child chain coin.
Logged

Joggy1986

  • Jr. Member
  • **
  • Karma: +7/-0
  • Offline Offline
  • Posts: 16
    • View Profile
Re: [Ardor] It's coming...
« Reply #31 on: January 05, 2017, 09:36:47 pm »

Very good work. I have the feeling this is the kind of blockchain the financial sector is looking for. Own childchains and the biggest world currency's on the blockchain. Very impressive!!
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #32 on: January 05, 2017, 09:39:22 pm »

Amazing!
Can you explain us how is going to work the fiat gateways? Who will back the value of the USD in the childchain, and how? And in the case of the BTC chilchain... is it going to use de MGW token?
Thank you for you briliant work. Can't wait to try it.
Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other.  So the value of a particular coin will depend on what people are willing to pay for it using one of the other coins.

The value of a child coin measured in an external coin such as Bitcoin will depend on whatever gateway is used to exchange the child coin for Bitcoins.  If the gateway used a 1:1 ratio, then that would indirectly value all of the other child coins since they could then be measured against Bitcoins using the exchangeable coin as a proxy.
Logged

gh

  • Full Member
  • ***
  • Karma: +19/-2
  • Offline Offline
  • Posts: 202
    • View Profile
    • NXT Chart
Re: [Ardor] It's coming...
« Reply #33 on: January 06, 2017, 06:32:26 am »

.
« Last Edit: February 05, 2017, 05:35:50 pm by gh »
Logged

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: [Ardor] It's coming...
« Reply #34 on: January 06, 2017, 07:34:04 am »

Main chain is ARDR.  Child chains are IGNIS, BTC, USD and EUR.  ARDR, IGNIS and BTC have 8 decimal places while USD and EUR have 2 decimal places. 
Don't forget the Chinese Yuan (CNY). At BTC38 the pair NXT/CNY has high volume and low spreads. see: http://www.btc38.com/trade_en.html?btc38_trade_coin_name=nxt
During the ARDR snapshot period in July the NXT trading volume at BTC38 was some days more than double the NXT volume at Poloniex, so I think a large percentage of the ARDR assets are currently held by Chinese.

It can also be seen here: http://coinmarketcap.com/currencies/nxt/#markets
Right now, the NXT volume at BTC38 is more than double the volume at Poloniex.

Good one as we cant issue our own Child chains yet right for the 1st version?
Logged

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: [Ardor] It's coming...
« Reply #35 on: January 06, 2017, 09:52:09 am »

What about testnodes for Ardor?
Is it alot different setting up than with Nxt, how many do you need?
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #36 on: January 06, 2017, 12:19:43 pm »

What about testnodes for Ardor?
Is it alot different setting up than with Nxt, how many do you need?
Set up is the same but the ports have been changed to avoid conflicts with Nxt 1.x.  This means you can run both Nxt 1.x and Nxt 2.x on the same system (as long as you install them in different directories)

As far as the number of nodes, the more the merrier.  The peer network support has been completely rewritten and now uses bidrectional TCP sockets instead of one-way HTTP/Websocket connections.  So this area needs to be stressed.
Logged

P4ndoraBox

  • Jr. Member
  • **
  • Karma: +12/-6
  • Offline Offline
  • Posts: 59
    • View Profile
Re: [Ardor] It's coming...
« Reply #37 on: January 06, 2017, 11:10:43 pm »

Will we be able to forge into testnet as an exact represent of what it will be at the official release?
Logged

qq2536007339

  • Hero Member
  • *****
  • Karma: +42/-9
  • Offline Offline
  • Posts: 514
    • View Profile
Re: [Ardor] It's coming...
« Reply #38 on: January 08, 2017, 04:03:00 am »

It is also possible for a business to set up a fiat exchange.  I did one for Nxt 1.x (TokenExchange) as a consulting project which exchanged a Nxt currency with Bitcoins.  I've started adapting this project for Nxt 2.x (CoinExchange) to exchange a child coin (not necessarily BTC) with Bitcoins.  Going directly to fiat currency gets you involved in a lot of monetary regulations (AML, KYC, etc), so it is easier to use Bitcoins as an intermediate step.

So like a NXT 2.x version of localbitcoin?
Logged
你送我阿朵,我是要的。ARDOR-DJ68-PG7W-4JEU-2LU5T

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: [Ardor] It's coming...
« Reply #39 on: January 10, 2017, 09:33:44 pm »

Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other.
Which chains will Coin Exchange transactions appear in?
Logged

Riker

  • Core Dev
  • Hero Member
  • *****
  • Karma: +439/-42
  • Offline Offline
  • Posts: 1795
    • View Profile
Re: [Ardor] It's coming...
« Reply #40 on: January 11, 2017, 06:35:41 am »

Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other.
Which chains will Coin Exchange transactions appear in?

You can issue a coin exchange from any chain coin to any other chain coin.
You specify amount and price.
Amount - the number of your coins that you want to exchange.
Price - is the number of your coins that you want to pay for one of the exchange coins. 
For example, if you are exchanging USD chain coins for BTC chain coins, the price would be the value of 1 BTC in dollars. 

Order matching works the same way as order matching of the current asset exchange.
In addition, each chain can now use different number of decimals, for example 8 decimals for BTC and Ardor, 2 for USD chain.
Logged
NXT Core Dev
Account: NXT-HBFW-X8TE-WXPW-DZFAG
Public Key: D8311651 Key fingerprint: 0560 443B 035C EE08 0EC0  D2DD 275E 94A7 D831 1651

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #41 on: January 11, 2017, 01:03:57 pm »

Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other.
Which chains will Coin Exchange transactions appear in?
The transaction is in the chain for the coin you want to exchange.  The exception is that any exchange involving ARDR will be in the main (FXT) chain since ARDR exchanges affect forging and cannot be pruned.
Logged

wolffang

  • Hero Member
  • *****
  • Karma: +98/-5
  • Offline Offline
  • Posts: 690
    • View Profile
Re: [Ardor] It's coming...
« Reply #42 on: January 11, 2017, 07:24:19 pm »

Nxt 2.x will contain a Coin Exchange where users can trade child coins with each other.
Which chains will Coin Exchange transactions appear in?
The transaction is in the chain for the coin you want to exchange.  The exception is that any exchange involving ARDR will be in the main (FXT) chain since ARDR exchanges affect forging and cannot be pruned.

Please dont use Nxt 2.0 anymore as it is Ardor and looks like its a replacement of Nxt while it is not.

Also please dont use FXT anymore but Ardor.

Both were project codes because the name Ardor wasnt decided yet.

Thnx
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: [Ardor] It's coming...
« Reply #43 on: January 11, 2017, 10:07:24 pm »

On spelling: am I right in thinking Ardor is the chain, ARDOR the token, and ARDR the ticker symbol? And similarly for Ignis, IGNIS and IGNS?
Logged

P4ndoraBox

  • Jr. Member
  • **
  • Karma: +12/-6
  • Offline Offline
  • Posts: 59
    • View Profile
Re: [Ardor] It's coming...
« Reply #44 on: January 11, 2017, 11:21:51 pm »

Is FXT Ardor or Ignis ?

https://nxtforum.org/nxt-helpdesk/ardor-total-supply-related-question/msg228808/#msg228808

Jose told me it is Ignis, here it is Ardor...
Logged

P4ndoraBox

  • Jr. Member
  • **
  • Karma: +12/-6
  • Offline Offline
  • Posts: 59
    • View Profile
Re: [Ardor] It's coming...
« Reply #45 on: January 11, 2017, 11:24:14 pm »

Is FXT Ardor or Ignis ?

https://nxtforum.org/nxt-helpdesk/ardor-total-supply-related-question/msg228808/#msg228808

Jose told me it is Ignis, here it is Ardor...

Edit : Guess it was a typo : Ignis was FNX
Logged

Jose

  • Global Moderator
  • Sr. Member
  • *****
  • Karma: +78/-1
  • Offline Offline
  • Posts: 379
    • View Profile
Re: [Ardor] It's coming...
« Reply #46 on: January 12, 2017, 08:03:34 am »

Yes, I made a typo P4ndoraBox. Sorry :-\

The result is as follows:
FXT = ARDOR
FNX = IGNIS
Logged

asfd

  • Jr. Member
  • **
  • Karma: +23/-0
  • Offline Offline
  • Posts: 99
    • View Profile
Re: [Ardor] It's coming...
« Reply #47 on: January 12, 2017, 08:45:46 am »

It is said that Ardor is a solution for the scalability issue, but I do not understand how. I know with Ardor you do not need to keep every single transaction on the blockchain file, but I think the real trouble is the capability of the network to process transactions, not to keep them in a hard disk.
Concretly, I want to know:
1. How many transactions per second will be able to precess a single childchain, for example, Ignis? More than NXT or equal?
2. Who is going to process (not to forge) the transactions of a childchain? Every nodes of Ardor?
3. Is it planned to have tranding capabilities, like high frequency trading, inside a childchain?
Thank you!
Logged

martismartis

  • Hero Member
  • *****
  • Karma: +73/-10
  • Offline Offline
  • Posts: 1237
    • View Profile
Re: [Ardor] It's coming...
« Reply #48 on: January 12, 2017, 09:43:53 pm »

1. Knowing Ardor will bring assetA<>assetB trading possibility, in which token trade order transaction fees are paid. Assuming that assetA is on A child chain and assetB is on B child chain.
2. Will it be possible to trade tokenA<>tokenB and if yes, the same, in which token trading fees are paid? Assuming that tokenA is child chain A token, and tokenB is child chain B token.
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #49 on: January 12, 2017, 10:45:51 pm »

1. Knowing Ardor will bring assetA<>assetB trading possibility, in which token trade order transaction fees are paid. Assuming that assetA is on A child chain and assetB is on B child chain.
2. Will it be possible to trade tokenA<>tokenB and if yes, the same, in which token trading fees are paid? Assuming that tokenA is child chain A token, and tokenB is child chain B token.
Assets are defined globally, they are not on a particular chain.  You can buy and sell an asset on any chain.  The prices are in the units for that chain.  That means the same asset can have different prices depending on the chain.  Which makes sense since the coins will have different values.

You may be thinking about exchanging coins from chain A for coins from chain B.  When you do this, you specify the number of chain A coins that you want to exchange and the maximum price you will pay for chain B coins.  For example, if exchanging USD for EUR, you could exchange 10.00 USD at a price of 2.00 USD/EUR.  You would be able to buy at least 5 EUR and possibly more depending on the exchange prices.

Your order would be matched with an order that wants to exchange EUR for USD.  Say that an existing order wanted to exchange 2.00 EUR at a price of 0.80 EUR/USD.  Which translates to 1.25 USD/EUR.  The exchange uses the price from the oldest order, so the exchange price is 1.25 USD/EUR.  You receive 2.00 EUR since that is all that the seller had available.  In return, the seller receives 2.50 USD.  His order is complete but yours is still open since you still have 7.50 USD available to exchange.
Logged

martismartis

  • Hero Member
  • *****
  • Karma: +73/-10
  • Offline Offline
  • Posts: 1237
    • View Profile
Re: [Ardor] It's coming...
« Reply #50 on: January 12, 2017, 11:17:03 pm »

1. Knowing Ardor will bring assetA<>assetB trading possibility, in which token trade order transaction fees are paid. Assuming that assetA is on A child chain and assetB is on B child chain.
2. Will it be possible to trade tokenA<>tokenB and if yes, the same, in which token trading fees are paid? Assuming that tokenA is child chain A token, and tokenB is child chain B token.
Assets are defined globally, they are not on a particular chain.  You can buy and sell an asset on any chain.  The prices are in the units for that chain.  That means the same asset can have different prices depending on the chain.  Which makes sense since the coins will have different values.

You may be thinking about exchanging coins from chain A for coins from chain B.  When you do this, you specify the number of chain A coins that you want to exchange and the maximum price you will pay for chain B coins.  For example, if exchanging USD for EUR, you could exchange 10.00 USD at a price of 2.00 USD/EUR.  You would be able to buy at least 5 EUR and possibly more depending on the exchange prices.

Your order would be matched with an order that wants to exchange EUR for USD.  Say that an existing order wanted to exchange 2.00 EUR at a price of 0.80 EUR/USD.  Which translates to 1.25 USD/EUR.  The exchange uses the price from the oldest order, so the exchange price is 1.25 USD/EUR.  You receive 2.00 EUR since that is all that the seller had available.  In return, the seller receives 2.50 USD.  His order is complete but yours is still open since you still have 7.50 USD available to exchange.

Thank you for answering. But it's still unclear, in which coin order transaction fees will be paid for exchanging USD to EUR or vice versa? And will the exchange for USD to EUR will work like present currency exchange or like AE?
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #51 on: January 13, 2017, 01:01:44 am »

1. Knowing Ardor will bring assetA<>assetB trading possibility, in which token trade order transaction fees are paid. Assuming that assetA is on A child chain and assetB is on B child chain.
2. Will it be possible to trade tokenA<>tokenB and if yes, the same, in which token trading fees are paid? Assuming that tokenA is child chain A token, and tokenB is child chain B token.
Assets are defined globally, they are not on a particular chain.  You can buy and sell an asset on any chain.  The prices are in the units for that chain.  That means the same asset can have different prices depending on the chain.  Which makes sense since the coins will have different values.

You may be thinking about exchanging coins from chain A for coins from chain B.  When you do this, you specify the number of chain A coins that you want to exchange and the maximum price you will pay for chain B coins.  For example, if exchanging USD for EUR, you could exchange 10.00 USD at a price of 2.00 USD/EUR.  You would be able to buy at least 5 EUR and possibly more depending on the exchange prices.

Your order would be matched with an order that wants to exchange EUR for USD.  Say that an existing order wanted to exchange 2.00 EUR at a price of 0.80 EUR/USD.  Which translates to 1.25 USD/EUR.  The exchange uses the price from the oldest order, so the exchange price is 1.25 USD/EUR.  You receive 2.00 EUR since that is all that the seller had available.  In return, the seller receives 2.50 USD.  His order is complete but yours is still open since you still have 7.50 USD available to exchange.

Thank you for answering. But it's still unclear, in which coin order transaction fees will be paid for exchanging USD to EUR or vice versa? And will the exchange for USD to EUR will work like present currency exchange or like AE?
When exchanging USD for EUR, the transaction is sent to the USD chain and the fee is paid in USD.  When exchanging EUR for USD, the transaction is sent to the EUR chain and the fee is paid in EUR.  It takes 2 transactions for an exchange and both parties pay transaction fees in their respective coins.  The coin exchange is similar to the asset exchange except there are 2 prices involved.  One way to look at it is that each exchange order contains a buy price and an ask price.  If you are exchanging 5 USD at a price of 2.00 USD, then your bid price is 2.00 USD per EUR.  Your order has an implicit ask price of 0.50 EUR per USD.  That is, you won't pay more than 2 USD for one EUR and you won't accept less than 0.50 EUR for one USD.
Logged

P4ndoraBox

  • Jr. Member
  • **
  • Karma: +12/-6
  • Offline Offline
  • Posts: 59
    • View Profile
Re: [Ardor] It's coming...
« Reply #52 on: January 13, 2017, 01:33:40 am »

Yes, I made a typo P4ndoraBox. Sorry :-\

The result is as follows:
FXT = ARDOR
FNX = IGNIS

No problem :)
Logged

gh

  • Full Member
  • ***
  • Karma: +19/-2
  • Offline Offline
  • Posts: 202
    • View Profile
    • NXT Chart
Re: [Ardor] It's coming...
« Reply #53 on: January 13, 2017, 02:56:12 pm »

.
« Last Edit: February 05, 2017, 05:35:23 pm by gh »
Logged

Damelon

  • Administrator
  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: [Ardor] It's coming...
« Reply #54 on: January 13, 2017, 03:03:12 pm »

I have to say that the postings from ScripterRon are very informative and interesting to read - much appreciated. His postings could actually be used as source material for a new Ardor wiki? By the way, what should we call the new "system"? Is it NXT 2.0? I guess Ardor is only the mother chain in the overall system.

Nxt 2.0 is misleading, as it implies it supersedes Nxt.
Ardor was chosen specifically to make clear this was not the case. :)
Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

gh

  • Full Member
  • ***
  • Karma: +19/-2
  • Offline Offline
  • Posts: 202
    • View Profile
    • NXT Chart
Re: [Ardor] It's coming...
« Reply #55 on: January 13, 2017, 03:36:54 pm »

.
« Last Edit: February 05, 2017, 05:35:15 pm by gh »
Logged

MrCluster87

  • Hero Member
  • *****
  • Karma: +81/-3
  • Offline Offline
  • Posts: 855
    • View Profile
    • youtube
Re: [Ardor] It's coming...
« Reply #56 on: January 16, 2017, 12:26:47 pm »

I see your point gh.

Nxt 2.0 is misleading, as it implies it supersedes Nxt.
Ardor was chosen specifically to make clear this was not the case. :)
OK, but then the Ardor name is ambiguous: 1) Main chain and it's token, 2) Overall system including all the child chains.

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: [Ardor] It's coming...
« Reply #57 on: January 22, 2017, 11:32:23 am »

Can you say anything about fee structure, spam, and account creation? It seems to me that pure child chain transactions, such as if I send IGNIS to you, should be able to have relatively low fees, because they can be entirely pruned. Where-as a transaction that creates a new account should have relatively high fees, because that account will take up storage forever. What happens if I send IGNIS to an account that doesn't exist yet? Does the account get created and I have to pay a high fee? Does the first transaction to an account have to include a public key attachment?
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #58 on: January 22, 2017, 04:56:41 pm »

Can you say anything about fee structure, spam, and account creation? It seems to me that pure child chain transactions, such as if I send IGNIS to you, should be able to have relatively low fees, because they can be entirely pruned. Where-as a transaction that creates a new account should have relatively high fees, because that account will take up storage forever. What happens if I send IGNIS to an account that doesn't exist yet? Does the account get created and I have to pay a high fee? Does the first transaction to an account have to include a public key attachment?
The child chain fees are determined by the bundlers for that chain.  For example, an IGNIS bundler could accept transactions with a fee rate of 0.01 IGNIS.  That means a transaction which costs 1 ARDR will cost 0.01 IGNIS.  So a transaction costing 40 ARDR would cost you 0.4 IGNIS and the bundler would pay 40 ARDR.  Obviously, the bundler wants to also be a forger or have some way to recover the 40 ARDR cost.

Account creation is the same as in Nxt.  You do not need to provide the public key.  Even in Nxt, accounts are not permanent in that they will eventually be removed if they have no balances (the public key is retained however).  Accounts are global so you can create an account by sending a transaction on any chain.
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: [Ardor] It's coming...
« Reply #59 on: January 22, 2017, 05:32:31 pm »

Account creation is the same as in Nxt.  You do not need to provide the public key.  Even in Nxt, accounts are not permanent in that they will eventually be removed if they have no balances (the public key is retained however).  Accounts are global so you can create an account by sending a transaction on any chain.
So I can create an account by sending 0.0001 IGNIS and it'll cost the same as sending to an existing account? Does this mean we won't be getting low fees on child chains?
Logged

gh

  • Full Member
  • ***
  • Karma: +19/-2
  • Offline Offline
  • Posts: 202
    • View Profile
    • NXT Chart
Re: [Ardor] It's coming...
« Reply #60 on: January 22, 2017, 07:07:36 pm »

.
« Last Edit: February 05, 2017, 05:34:54 pm by gh »
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #61 on: January 22, 2017, 08:02:23 pm »

Does this mean we won't be getting low fees on child chains?
Fees can be zero if there is a bundler willing to sponsor the childchain. Fees for the bundler on Ardor will be minimum 1 ARDR, if I have understood it correctly.
Another option when fees can be zero is when forger is a bundler. Forger should decline all external bundlers and bundle all childchain transactions when he is ready to forge a block.
Logged

gh

  • Full Member
  • ***
  • Karma: +19/-2
  • Offline Offline
  • Posts: 202
    • View Profile
    • NXT Chart
Re: [Ardor] It's coming...
« Reply #62 on: January 23, 2017, 06:58:26 am »

.
« Last Edit: February 05, 2017, 12:09:27 pm by gh »
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #63 on: January 23, 2017, 08:18:25 am »

Does this mean we won't be getting low fees on child chains?
Fees can be zero if there is a bundler willing to sponsor the childchain. Fees for the bundler on Ardor will be minimum 1 ARDR, if I have understood it correctly.
Another option when fees can be zero is when forger is a bundler. Forger should decline all external bundlers and bundle all childchain transactions when he is ready to forge a block.
You probably have to use the API to achieve that (forging your own bundler to avoid fees) and I don't think it will be easy to achieve. On January 12 ScripterRon wrote the following (in another thread): There is also a bundle API.  You can check if you are due to forge the next block and then use the API to manually bundle transactions instead of running an automatic bundler.  But the forger also run automatically, so you can't guarantee that your transaction will be selected unless you overpay the fee, even though the forger is running on your local node. Of course, your bundler can set its rate to undercut the competition, which would result in users using your rate when submitting child transactions.  The other bundlers would not process the transactions unless they also lower their rates to compete with you.
I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #64 on: January 23, 2017, 03:13:37 pm »

So I can create an account by sending 0.0001 IGNIS and it'll cost the same as sending to an existing account? Does this mean we won't be getting low fees on child chains?
The fee for a child chain transaction depends on the bundler rate.  For example, say a transaction costs 1 ARDR.  If the IGNIS bundler rate is 1.0, then processing the transaction on the IGNIS chain will require a fee of 1 IGNIS.  However, if the bundler rate is 0.1, then processing the same transaction on the IGNIS chain will will require a fee of 0.1 IGNIS.  It is totally up to the account running the bundler as to its rate.

There can be multiple bundlers for the same chain and they can have different rates.  The server will tell you the best (lowest) rate but you can specify any rate you want when submitting a transaction.  All bundlers with the same or lower rate will process the transaction and include it in the child block transaction (a child block transaction contains one or more child transactions).  Since multiple bundlers can process a transaction, there is an additional bundler parameter available.  The account running a bundler can say that it will pay more than the minimum to get its bundled transaction accepted in a block.  For example, the bundler could specify it will pay an additional 0.01 ARDR for each ARDR in the child block transaction fee.  So, if the total for the bundled transactions is 2.0 ARDR, the bundler would pay 2.02 ARDR for the child block transaction.  The forger would then select the transaction paying 2.02 ARDR over the transaction paying 2.00 ARDR when creating a block (there is a limit of one child blocktransaction per chain per block).
Logged

ScripterRon

  • Hero Member
  • *****
  • Karma: +75/-2
  • Offline Offline
  • Posts: 523
    • View Profile
Re: [Ardor] It's coming...
« Reply #65 on: January 23, 2017, 03:19:13 pm »

I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Even if you forge a block, that does not mean that your block will end up in the block chain.  If a better block is created by another forger, that block will replace your block.  So you end up playing the probabilities.  If you are running a Nxt 1.x node, take a look at nxt.log.  Check the number of rollbacks that occur.  This indicates a better block was found and it replaced the current block(s).
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #66 on: January 23, 2017, 04:26:20 pm »

I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Even if you forge a block, that does not mean that your block will end up in the block chain.  If a better block is created by another forger, that block will replace your block.  So you end up playing the probabilities.  If you are running a Nxt 1.x node, take a look at nxt.log.  Check the number of rollbacks that occur.  This indicates a better block was found and it replaced the current block(s).
You are wrong. In a proposed solution the forger does not risk anything. If his block is rolled back he does not get the childchain fees and does not loose his Ardor coins. So basically the result is the same as skipping his turn.
If bundler and forger are running separately the risk of loosing Ardor fees occurs.
Logged

Brangdon

  • Hero Member
  • *****
  • Karma: +229/-25
  • Offline Offline
  • Posts: 1389
  • Quality is addictive.
    • View Profile
Re: [Ardor] It's coming...
« Reply #67 on: January 23, 2017, 08:13:40 pm »

So I can create an account by sending 0.0001 IGNIS and it'll cost the same as sending to an existing account? Does this mean we won't be getting low fees on child chains?
The fee for a child chain transaction depends on the bundler rate.
Yes, of course. I'm interested in the minimum ARDOR fees, and the trade-off between spam deterrence and encouraging usage. Since the cost to the network of a transaction depends on whether or not it creates a new account, shouldn't the minimum ARDOR fees be higher in that case?
Logged

CryptKeeper

  • Hero Member
  • *****
  • Karma: +78/-5
  • Offline Offline
  • Posts: 1235
    • View Profile
Re: [Ardor] It's coming...
« Reply #68 on: January 24, 2017, 07:52:30 am »

So I can create an account by sending 0.0001 IGNIS and it'll cost the same as sending to an existing account? Does this mean we won't be getting low fees on child chains?
The fee for a child chain transaction depends on the bundler rate.
Yes, of course. I'm interested in the minimum ARDOR fees, and the trade-off between spam deterrence and encouraging usage. Since the cost to the network of a transaction depends on whether or not it creates a new account, shouldn't the minimum ARDOR fees be higher in that case?

Regarding this, I've posted a proposal about a feeless child chain a while ago:

https://nxtforum.org/general/a-hybrid-powpos-approach-for-feeless-transactions-on-ardor-child-chains/msg224054/#msg224054

tl;dr
Proof-of-Work (POW) could be integrated into an Ardor child chain wallet, preventing blockchain spam in a feeless system.
Logged
Follow me on twitter for the latest news on bitcoin and altcoins!
Vanity Accounts Sale :-)

Jean-Luc

  • Core Dev
  • Hero Member
  • *****
  • Karma: +816/-81
  • Offline Offline
  • Posts: 1610
    • View Profile
Re: [Ardor] It's coming...
« Reply #69 on: January 24, 2017, 11:20:29 pm »

I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Even if you forge a block, that does not mean that your block will end up in the block chain.  If a better block is created by another forger, that block will replace your block.  So you end up playing the probabilities.  If you are running a Nxt 1.x node, take a look at nxt.log.  Check the number of rollbacks that occur.  This indicates a better block was found and it replaced the current block(s).
You are wrong. In a proposed solution the forger does not risk anything. If his block is rolled back he does not get the childchain fees and does not loose his Ardor coins. So basically the result is the same as skipping his turn.
If bundler and forger are running separately the risk of loosing Ardor fees occurs.

Ardor fees from child block transactions are split back in 1:1:1:1 ratio with the previous 3 block forgers.
Logged
GPG key fingerprint: 263A 9EB0 29CF C77A 3D06  FD13 811D 6940 E1E4 240C
NXT-X4LF-9A4G-WN9Z-2R322

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #70 on: January 25, 2017, 09:05:47 am »

I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Even if you forge a block, that does not mean that your block will end up in the block chain.  If a better block is created by another forger, that block will replace your block.  So you end up playing the probabilities.  If you are running a Nxt 1.x node, take a look at nxt.log.  Check the number of rollbacks that occur.  This indicates a better block was found and it replaced the current block(s).
You are wrong. In a proposed solution the forger does not risk anything. If his block is rolled back he does not get the childchain fees and does not loose his Ardor coins. So basically the result is the same as skipping his turn.
If bundler and forger are running separately the risk of loosing Ardor fees occurs.

Ardor fees from child block transactions are split back in 1:1:1:1 ratio with the previous 3 block forgers.
Wow. Now that was really unexpected.
Logged

lurker10

  • Hero Member
  • *****
  • Karma: +168/-33
  • Offline Offline
  • Posts: 1334
    • View Profile
Re: [Ardor] It's coming...
« Reply #71 on: January 25, 2017, 10:50:28 am »

Bitcoin can handle 3 tps, Ethereum 15 tps. I am quoting someone re Ethereum, didn't verify this.

Realistically how many tps can Ardor handle on all child chains? Some ballpark, order of magnitude estimated figure could do.
Logged
Run a node - win a prize! "Lucky node" project jar: NXT-8F28-EDVE-LPPX-HY4E7

Jean-Luc

  • Core Dev
  • Hero Member
  • *****
  • Karma: +816/-81
  • Offline Offline
  • Posts: 1610
    • View Profile
Re: [Ardor] It's coming...
« Reply #72 on: January 25, 2017, 07:31:20 pm »

Since the cost to the network of a transaction depends on whether or not it creates a new account, shouldn't the minimum ARDOR fees be higher in that case?
I have thought about that but haven't implemented it yet, maybe.
Logged
GPG key fingerprint: 263A 9EB0 29CF C77A 3D06  FD13 811D 6940 E1E4 240C
NXT-X4LF-9A4G-WN9Z-2R322

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: [Ardor] It's coming...
« Reply #73 on: January 26, 2017, 03:53:55 am »

Since the cost to the network of a transaction depends on whether or not it creates a new account, shouldn't the minimum ARDOR fees be higher in that case?
I have thought about that but haven't implemented it yet, maybe.

I think now is the time to do it, before launch. resistance is to come if fee are increased later. Just an opinion.
Logged
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

qq2536007339

  • Hero Member
  • *****
  • Karma: +42/-9
  • Offline Offline
  • Posts: 514
    • View Profile
Re: [Ardor] It's coming...
« Reply #74 on: January 26, 2017, 03:55:00 am »

Yes, of course. I'm interested in the minimum ARDOR fees, and the trade-off between spam deterrence and encouraging usage. Since the cost to the network of a transaction depends on whether or not it creates a new account, shouldn't the minimum ARDOR fees be higher in that case?

I'm also interested in the minimum ARDOR fees,I think should set less than 0.05 ARODR,otherwise won't take the advantage of punch.
Logged
你送我阿朵,我是要的。ARDOR-DJ68-PG7W-4JEU-2LU5T

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #75 on: January 26, 2017, 10:30:19 am »

I think the only good way to achieve this is by changing the code of the Ardor forger itself. It should not break consensus but I did not get a confirmation that such a change will be accepted in the main Ardor repository. So the forgers willing to get the best profitability will be forced to use 3rd party code not signed by the main dev team.
Even if you forge a block, that does not mean that your block will end up in the block chain.  If a better block is created by another forger, that block will replace your block.  So you end up playing the probabilities.  If you are running a Nxt 1.x node, take a look at nxt.log.  Check the number of rollbacks that occur.  This indicates a better block was found and it replaced the current block(s).
You are wrong. In a proposed solution the forger does not risk anything. If his block is rolled back he does not get the childchain fees and does not loose his Ardor coins. So basically the result is the same as skipping his turn.
If bundler and forger are running separately the risk of loosing Ardor fees occurs.

Ardor fees from child block transactions are split back in 1:1:1:1 ratio with the previous 3 block forgers.
Wow. Now that was really unexpected.
I have made some calculations. The modified forger (forger + bundler) is 25% in the worst case more profitable than the regular bundler. Eg regular bundler spends 1 ARDR to get 10 IGNIS fee and modified forger spends 1 ARDR and get 0.25 ARDR back as a forging reward. But this is a worst case when childchain fees are close to 1 ARDR in value.
Now there is probability that childchain fees are much higher than 1 ARDR eg 100 IGNIS fees. Regular bundlers would bid until somewhere of 10 ARDR fee for forger. But modified forger would pay the same 1 ARDR fee and get the 100 IGNIS fee to himself for just 0.75 ARDR penalty.
Someone can notice that the regular forger is even more profitable since it would simply take 10 ARDR from bundlers to himself. But remember that the forging fee is divided 1:1:1:1 ratio so he would only get 2.5 ARDR to himself.

TLDR: modified forger can get 9.25 ARDR fee instead of 2.5 ARDR fee if the fees in the block are high enough.
Logged

blackyblack1

  • Hero Member
  • *****
  • Karma: +165/-82
  • Offline Offline
  • Posts: 1764
    • View Profile
Re: [Ardor] It's coming...
« Reply #76 on: January 26, 2017, 01:39:12 pm »

And one more thing. With a constant rate of transactions modified forger bears almost no risk of loosing his Ardor. So still the opportunity of (almost) zero fees transactions exists.
Logged

rubenbc

  • Hero Member
  • *****
  • Karma: +187/-3
  • Offline Offline
  • Posts: 1304
  • I'm here and you?
    • View Profile
Re: [Ardor] It's coming...
« Reply #77 on: January 26, 2017, 02:02:15 pm »

Thanks for share your minds @blacky, your description has helped me a lot

Enviado desde mi MI PAD 2 mediante Tapatalk

Jose

  • Global Moderator
  • Sr. Member
  • *****
  • Karma: +78/-1
  • Offline Offline
  • Posts: 379
    • View Profile
Re: [Ardor] It's coming...
« Reply #78 on: January 26, 2017, 07:51:00 pm »

...(a child block transaction contains one or more child transactions)...

Can a bundler choose how many child transactions are included in a single child block transaction?
Could a bundler set the minimum number of child transactions to be included in a child block transaction and not generate/process that child block transaction until that queue is filled up?
Logged
Pages: 1 2 3 4 [All]
 

elective-stereophonic
elective-stereophonic
assembly
assembly