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Re: [XMR] Monero - A secure, private, untraceable cryptocurrency March 02, 2016, 07:02:33 PM #29508 Quote from: dEBRUYNE on March 02, 2016, 06:53:50 PM Quote from: bitebits on March 02, 2016, 06:52:18 PM



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Monero was launched on 18 April 2014[5] originally under the name BitMonero, which is a compound of Bit (as in Bitcoin) and Monero (literally meaning coin in Esperanto). Five days later the community opted for the name to be shortened just to Monero.[6][7] It was launched as the first fork of CryptoNote-based currency Bytecoin, however was released with two major differences. Firstly, the target block time was decreased from 120 to 60 seconds, and secondly, the emission speed was decelerated by 50%. In addition, the Monero developers found numerous incidents of poor quality code that was subsequently cleaned and re-constituted.[citation needed]

Was reading the Monero Wikipedia website. Can anybody of the early guys / developers remember why at the time it was decided to change the block time to one minute? I think this is interesting since we are soon changing back to two minutes.

https://en.wikipedia.org/wiki/Monero_(cryptocurrency ):Was reading the Monero Wikipedia website. Can anybody of the early guys / developers remember why at the time it was decided to change the block time to one minute? I think this is interesting since we are soon changing back to two minutes.

Because the original launcher thankful-for-today thought it was a good idea, even when the community strongly opposed against it.

Because the original launcher thankful-for-today thought it was a good idea, even when the community strongly opposed against it.

One slow weekend night long ago I read through the entirety of Monero's bitcointalk historical ANN thread(s). The logic provided by TFT was that 1 minute blocktimes would increase the distribution of money in the initial emission phase when the frequency of solo mining would be highest (1 block finder every 1 minute vs every 2, so twice as many lottery drawings per day). There was no real agreement by the community that it was a good idea (due to increase orphan rate), but a post-hoc (after the fact) rationale ... or perhaps appeasement.... was that the blocktime would eventually move back to 2 minutes, after the primary emission phase was over. It was thought that the low transaction volume during the initial phase (as would be expected with a young currency) would prevent a high frequency of orphans caused by the 1 minute blocktime. So, the move back to 2 minutes, for those that have been here, is all going to plan.



Or I could have this wrong. Feel free to read the old threads One slow weekend night long ago I read through the entirety of Monero's bitcointalk historical ANN thread(s). The logic provided by TFT was that 1 minute blocktimes would increase the distribution of money in the initial emission phase when the frequency of solo mining would be highest (1 block finder every 1 minute vs every 2, so twice as many lottery drawings per day). There was no real agreement by the community that it was a good idea (due to increase orphan rate), but a post-hoc (after the fact) rationale ... or perhaps appeasement.... was that the blocktime would eventually move back to 2 minutes, after the primary emission phase was over. It was thought that the low transaction volume during the initial phase (as would be expected with a young currency) would prevent a high frequency of orphans caused by the 1 minute blocktime. So, the move back to 2 minutes, for those that have been here, is all going to plan.Or I could have this wrong. Feel free to read the old threads