Yes, the plan is to build a network software. In the post seneca presents, react + redux = front end visualization rendering software. It describes little more than playing with the veneer of “safe network” not with what would lead to a finished “safe network” (that was supposed to maidsafe job, and its had millions of dollars already to do that)
We can also build a special browser that displays websites from our blockchain, but im not sure it is wise to do so, so we keep it strictly for transactions and trades.
You do not submit your coins for a vote, you are just signing a “vote object” which proves you are the owner of the private key associated with a specific public key which holds a balance that is linked to the snapshot of the blockchain of existing SEC holders at the time that the proposal was made.
I did not suggest a private blockchain. The plan is to produce a public blockchain much similar to bitcoin/monero/litecoin using proof of work as the write access permission is the point
it doesn’t look like a legit service
It is a public blockchain, miners are doing proof of work with their computers collecting transactions and producing hashes until they are correct before submitting their transactions and the answer to proof of work.
Developers can get paid because they can supply their payment address with all requests done through the GUI and the network will pay out a portion of the transaction fees (not the block reward) to the developer’s payment address.
In the case of SEC holders, we can distribute our GUI client’s coins to each of us.
ddos is prevented because the software is engineered to drop invalid requests to nodes and to drop malicious connections and the more support from the world in terms of machines the more redundant our process the more reliable the system can be against ddos attacks.. its the same story for “afecoin”
- it is not suggested as a private blockchain
- scaling should not be an issue because we can modify block size to accommodate enough transactions and
- harddrives are getting less expensive everyday, so we can have blockchains as large as we want, even if the blockchain reaches 1 terabyte by 2020 it should be alright assuming that harddrives continue to be less expensive and increasing in size.. same story for safecoin
your public key and payment address
I forge an idea to allow a website to be stored n the blockchain and a custom application to pull it out of there, yet then it would be best if there was only 1 such website, because if everyone was putting websites to the blockchain it would get out of hand at least i think so haven’t tested this yet but i know it cna be done.
Yes we are to base this on existing improvements to cryptonote protocol
you do not send anything anywhere just proving you own the private key and signing your vote.. no one can vote on your behalf or modify your vote and it still be valid