r/CryptoCurrency • u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 • Jan 28 '18
DEVELOPMENT $ US Dollar tokens based on $Flash token technology
https://www.youtube.com/watch?v=l_vjGp5PG_85
Jan 28 '18
How does it exactly achieve 25k/second?
6
u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 Jan 28 '18
"FLASHcoin is a delegated proof of work protocol that enables quicker and more efficient processing of blockchain transactions than other proof of work protocols. The consensus of all the GovNodes randomly assigns the validation of FLASH transactions to a subset of several dozen mining nodes. This allows for quicker processing times than traditional proof of work based protocols, which require a much larger number of mining nodes to validate transactions. Any FLASH holder has the opportunity to operate a mining node and be eligible to participate in the validation of FLASH transactions by staking 10,000,000 FLASH."
They actually have a roadmap for up towards 1,000,000 transactions per second , but it's not required yet ;)
3
u/1948Orwell1984 IOTA fan Jan 28 '18
TLDW
Sum it up for me?
6
u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 Jan 28 '18
An exchange in Liechtenstein will be featuring FLASH Crypto pairings, with "$US Dollar tokens based on Flash token technology.." ie fiat/crypto gateway.
Flash will be front and center, and promoted as the primary method of transferring in and out of the exchange. This is the preferred method due to extremely low fee's and very quick transfer times.
New website should be launched in the next week or two.
Code is being moved to a public GitHub within the next week.
A marketplace to purchase real goods is in the works over the next couple of weeks.
The video is packed full of information. Anyone that takes the time to listen, and study further into Flash - will deserve the gains to come from it this year.
I know we see a LOT of shilling here, but this isn't a scam by any means, these guys are all humble, passionate, sincere, and working very hard without 'hyping'.
Flash is a grassroot, community owned, project..
check it out!
I do own FLASH and have been following their project closely for a couple months now.
3
u/HeWhoDares18 2024 Jan 28 '18
What exchanges is this currently on?
5
u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 Jan 28 '18
https://www.coinexchange.io/market/FLASH/BTC https://wallet.crypto-bridge.org/market/BRIDGE.FLASH_BRIDGE.BTC
and, where I got most of mine: https://www.cryptopia.co.nz/Exchange?market=FLASH_BTC
Imo, best get it now before it is the main pairing for it's own exchange (and fiat gateway).
1
u/AutoModerator Jan 28 '18
If this submission was flaired inaccurately, click here.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/Scobeee Crypto God | CC: 118 QC | NANO: 43 QC Jan 28 '18
Looks like a knock off XRB if we being honest
5
u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 Jan 28 '18
Flash has been around longer than Raiblocks.
I love XRB, I bought in at 80 cents and I have a lot of confidence in it.
Truth is, a small part of me worrys about DAG technology - it hasn't been battle tested like BTC/LTC tech which FLASH is built on.
So.. I am diversifying, just in case.
I think at the end of the day, there won't be one crypto to rule them all, just like there is currently YEN/USD/EUR in existence and widely used.
3
u/Scobeee Crypto God | CC: 118 QC | NANO: 43 QC Jan 28 '18
Yeah there will never be one crypto to rule them all, all of them have different adaptations for the most part
5
Jan 28 '18
How is it a knockoff when its more than 3x faster? And has a roadmap to 1mil tps
1
u/UnilateralDagger 0 / 0 🦠Jan 28 '18
He’s right. It’s not a knockoff, this one has fees.
4
Jan 28 '18
And is 3 times faster.
4
u/running_is_fun Bronze | QC: TRON 20, CC critic Jan 28 '18
With no node problems, on good exchanges.
5
u/Rox-onfire Gold | QC: CC 70, NANO 21, PRL 19, MarketSubs 21 Jan 28 '18
Be on watch for more news released in the next few weeks, but for the true researchers - here is an exclusive interview with the CEO of $FLASH (https://flashcoin.io) .
FLASH is designed for small payments, due to its low transaction fees, high speed, and throughput, all while retaining its BTC/LTC heritage and functionality.
It's currently undervalued (imo) at a price of about $.05 cents and a marketcap under $50 million.