The majority of transactions are now confirming sub 2 minutes, coordinator seems to have been down for 20 mins and after it came back up thing is on fire. Check it out and try it out! http://tanglemonitor.com
Posted Mar 5, 2018, 7:10 PM UTC
Wow it’s looking really efficient right now. Glad to see this!
So what exactly happened or what changed?
I'm sure we will find out.
The Coordinator is now releasing a milestone transaction every minute instead of every two minutes as it was before. Milestone transactions were previously causing a bottleneck.
This is quite incredible. Most non-zero tx's now confirmed within 3 min.
EDIT: Holy Moly! I see tons of TX confirmed at less than 1:40 min! And the Tangle is getting spammed right now and weight magnitude still 15 or higher. Holy Crap!
Got a mineiota payout to my wallet within 2 minutes. If it keeps going like this and the Trinity wallet all goes smooth it's gonna be great!
💰 furkankinyas has tipped you 1 IOTA ($0.000002) via TipIOTA.
^What ^is ^TipIOTA? ^| ^Twitter ^| ^Facebook ^| ^Discord
one day he will be thankful :-0
Wow, good to hear that they obviously improved the COO. The fluctuation of CTPS decreased significantly and is all smooth now: https://imgur.com/a/nANeD
Remember this:
Some people (u/DerGrummler) laughed then.
I didn't laugh back then but I'm laughing now. The CTPS increase has nothing to do with the tip selection algorithm. No new IRI was released, the old algorithm obviously is still in place. Instead they increased the rate at which the coordinator issues new milestones. Which helped a lot and this is awesome.
But:
Even though this has nothing to do with a new tip selection algorithm, you instantly try to shame me without realizing that you are plain wrong. And it works, since a lot of sheep started to downvote me. Congratulation! Good bye meaningful discussions, hello shill army.
The confirmation rate went up to 90% at 3TPS thanks to the coordinator change. With the old tip selection algorithm still in place! Not only were you wrong with your conclusion that your initial post is now proven right. Also the recent event actually proves that the new selection algorithm WILL NOT greatly increase the confirmation rate! It was at 90% yesterday evening with the old algorithm, it can't possible increase much more with a new algorithm. In fact, we are at 60% now with ~10 TPS. It's obvious that the coordinator is still the bottleneck as it slows down things with increasing TPS. And not some old tip selection mechanism as the algorithm's effect on the confirmation rate obviously doesn't depend on the TPS.
So, your new post is wrong and the recent events prove that your old one was wrong as well.
Edit: Oh, and I also have a screenshot of your stupid post which achieved nothing but to proof you wrong twice. So don't even try to ninja edit.
As the tps increase the confirmation rate drops. The 90% confirmation rates were based on 3tps. Tip selection algorithm will likely address greater confirmation rates at higher tps, or attempt to do so and it’s possible the change in COO issuing milestones every minute may have a role in the new tip selection algorithm. Please check your ego at the door, your commentary is disruptive and negative.
Sorry, obviously I was wrong, that is not the reason for the improvement, see other comments. @u/DerGrummler
Thanks for admitting your mistake.
I'm going to guess that PRL has something to do with this. They've been re-working their code to make uploads healthier on the Tangle. I'm sure they've been working with the dev team on this seeing as how they have like 300 nodes set up themselves, not including nodes the PRL community has set up. After mainnet release, PRL will offer the first incentive ever to run a node on the Tangle. Hopefully this synergy will push things along for both PRL and IOTA as we grow together.
It is not PRL in this case. The COO is issuing milestones at one minute intervals now and somehow this greatly increases CTPS in combination with spamming by IOTA Spam Fund. Looks like they are testing something now, changing between 1 and 2 minute intervals.
Can you explain a bit more about what PRL is and incentive for running a node? I just setup a full node for IOTA yesterday so interested to know. Or if you have a link to any literature to read? Thanks
Its like running a full node but you are rewarded in prl and shl tokens. This incentive makes the protocol work and also increases Iota speed. Oyster is a decentralised storage solution and also has a second meshnet advantage that enables peer to peer communication with other webnodes. Kinda like how Torrents work
You could host a website on the meshnet that cannot be taken down. Period. Amazing tech
Ye that's pretty cool.
Thanks, I will have a look. If anybody has any more information about this could you link here. Interested in possibly running one. Thank you.
I simply asked in discord why is it so much faster right now. They(the people of #speculation) informed me because the Coo is issuing milestones more frequently now. 1 per minute vs 1 every 2 mins. This makes sense as a tx is only confirmed when ref by a milestone from the Coo.
Hmm. My small transaction has been pending for 7 hours at the time of writing.
I reattached it for you, should confirm by the time you read this. This COO "upgrade" was done within last two hours.
Thanks! This is the reason I love this community. Hope you a have a good day/evening wherever you are.
If you ever run into trouble again there is a promotion/reattach tool at http://pro.iota.fm it works wonders.
Thanks again stranger :)
Confirmed within one minute.
then you need to reattach and promote it
^ this. If a transaction I'd pending for over 15 minutes, it will likely never be confirmed and needs to be re-attached and then promoted some.
See my other answer. But ya I know. Gonna try it from the wallet again later. Been trying reattach.online but it hasnt worked...
Re-attached online is nice but seems to only promote with one transaction every 5 minutes which is not enough on average
I know. I've tried :) have also tried reattach.online and selecting a custom network pow node but.. ya...
I’m just sitting here waiting for Trinity :/
4 - 5 weeks
for the Mobile beta, the destktop Beta will be much longer. I'm not sure Alpha has started for desktop yet. Mobile Alpha has been running since November, for something to expect on Beta.. perhaps Q2/Q3 2018?
They said the desktop version would use much of the core of the mobile version, so would take less time to be released. They use multi-platform technologies, so this makes sense.
I do hope that's accurate :)
Trinity will do little to support scalability of transactions between IoT devices over IOTA. IRI, the coordinator, database sharding and clustering are priorities. You see if they are solved the 1000tps that the team talks about meeting by end of this year will actually be far exceeded by real world adoption and demand. This is what they are focusing on I think. Although I could be wrong.
Yes, I'm really only waiting on Trinity to get my IOTA off exchange. Look forward to all these performance improvements.
[removed]
[removed]
Bad bot.
Ah, that means it's a good day to try out https://tangledice.com ! :)
You’re not kidding, confirmation rate has nearly doubled
http://www.tanglewalk.com/metrics
Never seen that page before. What were confirmations rates like before the latest update?
30-40% range across the board. This was the reason everyone has had to reattach and promote their transactions so many times because they only had a 40% chance of being confirmed each try. Now with whatever was just done, transactions transferring IOTAs have nearly a 90% chance of being confirmed. 0 iota transactions have about 75%.
Ah wow, that is a big upgrade then. Thanks for the reply!