4 ms·
Obviously this is a scammy marketing ploy, but they didn't even consider basic design elements for a Martian currency =( > Bitcoin's confirmation delay of 10 m
by bdcs 13y ago
Obviously this is a scammy marketing ploy, but they didn't even consider basic design elements for a Martian currency =(
> Bitcoin's confirmation delay of 10 minutes per block is too long for a young cryptocurrency on Mars - miners on Earth could interfer with their tremendous hashing speed and even if that does not pose a problem, waiting for block confirmations from distant Earth is even less desirable.
Google informs me Mars is up to 401 Gm from earth, or 22minutes at the speed of light. The block time should be longer than this communications lag so that miners on Mars and Earth can efficiently sync. Therefore, Marscoin's short confirmation time is a horrible design choice for a hyrbid Terran-Martian cryptocurrancy.
- novalis78 13y agoThat's the whole idea that they cannot sync. Otherwise Earth miners would take over the Mars Blockchain. They have a discussion on this on their Forum and FAQ. Someone suggested an "Interplanetary Coin" with several hour long confirmations that would work as an intermediary between the two networks. You change your BTC into MRS upon departure and when you arrive a few weeks later you have a few confirmations in the IPC. On Mars you then convert your IPC into MRS :-)
- Pfiffer 13y ago...but excellent for Terran-Martian-Coalition secessionists!
- robbiep 13y agoHmm I didn't see that bit, but I read the bit where it said the block chain would be transferred to mars with the first colonists - at that point if the the currency is effectively established on mars, any people who keep mining here would own a fork of the currency effectively, whilst only Martians would be involved in their own currency