RocksDB and SMTs Announcement
Dear Steemians,
We have estimated and prepared the detailed versions of our short- and long-term roadmap for RocksDB and SMTs with their target completion dates. To make everything come in shorter bursts and as the community has requested, we’ve broken out SMTs into SMT-lite, which is paired down to include the core functions of issuance and transfer of tokens. Additional roadmapped SMTs features are also listed.
Below is the spreadsheet outlining the different tasks for RocksDB and SMT-lite, as well as their ETA, points and status.
For RocksDB, our plan is to write an adapter that uses the BMIC (Boost Multi-Index Container) interface and replaces the behavior with a RocksDB backend. This will allow steemd to support both the existing BMIC/Chainbase implementation and RocksDB as a compile option without needing to change the consensus logic of steemd. Additionally, by creating the adapter to use the same interface as BMIC, we can leverage the existing BMIC unit tests to ensure that we replicate the expected behavior of BMIC, but backed by RocksDB. This will result in a 95%+ memory consumption reduction by moving our storage from memory to disk. Ultimately our target is to have Economic nodes (Full Nodes by a Bitcoin standard) running on commodity hardware with 4GB of RAM and a standard SSD.
The scaled-down SMTs scope includes these features: claiming names, tokens, issuance of tokens to one account, transfers between accounts, immutability (meaning that once a token is launched none of its original parameters can be altered) and a testnet.
Next iterations of SMTs will add back in these original functions:
Again, I will discuss these topics and your questions tomorrow during a livestream at 11am CST. See my post from Monday regarding submitting questions.
Best regards,
Ned
SMT-10 soon; SMT-20 later
SMT-42 will be the answer to all SMTs.
What about SMT-69?
Hahahahahahahaha, that was actually a very funny response 😂
The pinned shows how pressured he is from the price drop
@atlantica, I think it just shows that he wants everyone to see it, as lately he's been accused of doing nothing.
Anyway glad to see SMTs haven't been completely shelved, and RocksDB sounds important. Ready for the next big rise I hope :-)
Cg
I am glad you are optimistic in this rough times
the square root of 69 is 'ate something' XD
I have tears in my eyes, are you joking?
I like the way you think LMAO! I'll be sure to have a my SMT-towel.
SMT-39 will be the answer
are you messing with time?
wow, that video was awesome, Imma spread it around a bit. Great Work!
All it took was a bear market and 70% layoffs.
Amazing how stuff gets done in a week or so when that happens.
The beatings will continue until the morale improves.
Notthing got done at the moment still.
Exactly what I was thinking
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Yeah I was thinking some people perform better with back against the wall. Clutch. I'm the same.
Hardened steel has to be forged in fire.
YES...
Necessity is "The MOTHER of INVENTION"...
We also need to be a bit less critical because ALL the cryptos ARE Being manipulated LOWER...
Have almost 40 years working/observing the financial markets and really can't find a single financial instrument globally, that is NOT being manipulated...
So let's PULL Together...
...in the same direction 4 Success...
Cheers !!
Look at STAR WARS (original release) vs. Phantom Menace.
Don't fool yourself. Are you serious?
#fakenews
And that only addresses the lack of revenue...
This proposal is like putting a band-aid on a bullet wound.
True. Haha...it's been going on for a while now
lol
Pretty cool video. Did you post this to your blog I would love to ReSteem it or spread it around!
Best thing i've seen all day!
Wow!!!!
This gets me so pumped!!
wouldnt that be 'chain-ge'
Reading my Posts are like getting hand fulls of Change...
lol that was quick.
haha nice video
Whoooa that was nuts! Rock on SMTs!!
What the heck! This was fast and awesome man! I really want to know how it was created :O
Welcome. We hope for the best
My new motivational track when I need to get some energy and hype to work :D
way cool
In 30 days? What do we have in 30 days? Are you serious? Take a look at the project planning. :)
This is once again a very big mind-fuck. Time will tell...
i could if you want me to
Ignorant oblivious dreamer...
Huh, a little reserved for you Bern. I specifically scrolled for your response... puts down popcorn
Hope you're good buddy! :-)
Cg
Haha, I did the same! Might have missed it all together if not for your comment.
Edit: Never mind Picks popcorn back up scroll down further for the entertainment ;)
Hee, hee, thanks for this, I would have missed that entirely!
Cg
ditto
To be honest, i don't understand what i just read. is SMT getting closer to completion already?
Help a chap
SMT full means say please?????
Smart Media Tokens.
Cg
SMT-b22 Soon 😏
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Soon we will have SMT type 1 SMT type 2 SMT type 3 etc
man....why don't you get along with Dan again and you guys could merge EOS with Steem......otherwise he creates steem 2.0 and we all get fucked up......doesn't matter who is the boss, better to be number 2 with Dan in charge and become a billionaire than be the number 1 and go bankrupt......no room for small coins....EOS and Steem must merge......he already proved he was right when he created a new coin from scratch and it got much higher market capital than steem....sell the control of Steemit Inc to Dan......you assure yourself finantially and assure the success of Steem. Telling this not to put you down in any way but to genuinely help you.....All the best
You got a 89.48% upvote from @brupvoter courtesy of @christianchannel!
I agree with you my friend!!
Sorry who is this Dan everyone is talking about? And what platform is he creating?
He was the architect of steem, he created steem.
Dan Larimer. He is now (or maybe he's already left it, too?) behind the project EOS. Steemit pretty much fell apart after he left last year. Though, as many of us hopefully know, correlation isn't nec. causation... but in this case, there seems to be a strong relationship nonetheless.., imo.
Ned, your wallet activity communicates that you are aiming to power down 100%. Since 1.5 Mil STEEM has already been uloaded into the market; a big question mark stands.
In my 40 years of capital markets and companies; the ONLY reason a CEO gets rid of his WHOLE stock of holdings is due to the following potentials:
You are LEAVING or Giving Up out of disgust (unlikely).
You have received another offer elsewhere that's too good to decline.
The board is about to fire you (unlikely) since the board is you, yourself and you.
So, what's going on? There are many reasons a CEO sells and only one reason a CEO buys.
I'm smelling something having to do with #2....that you have somewhere else to go....perhaps not of your choice but necessity. Where are you going?
What have you done with Steemit Inc.? My sixth sense tells me that you're up to a self preservation driven activity.
I'm aiming at #2.....what are you scheming? What's going on that makes you unload your wallet? Did you sell Steemit Inc.? Is it going bankrupt?
I shall meditate on this to discern.
hey Retard, do you think ned kept all of his steem in his ONE single @ned account? he has @steem @steemit @alpha and a lot more with tens of millions of steempower i think he has like 90 million so shut the fuck up! Youre so dumb spreading misinfo and getting upvotes for it
You are awake... Grtz... don't be fooled by all these gospel singers and mantra repeaters. Use your eagle eye.
touche
Transferring crypto to an exchange is not the same thing as selling. I myself have quite a bit of Steem on an echange that I use for regular trading. It might not be the most secure thing, since the exchange could be hacked, but it allows me to profit quite a bit from trading.
He could have done quite a number of things, including diversifying his crypto holdings to weather to bear market. The question is, if he has sold Steem, will he buy back any? Will he possibly increase his holdings?
In any case, it's not really our business what someone does with their personal holdings of Steem. Despite people's grumblings about people powering down, it is fully their own business what they do with their own finances.
Fuck there are a lot of moaners on this post. Also a fuck tonne who still can't get it past their thick skulls that STEEM doesn't live or die by steemit. In any case, fair play @geekpowered for a little common sense and for not defaulting to FUD bitching. There is enough of that in the mainstream media.
I'd agree, in all logic if Ned is in a position where a falling STEEM value is putting financial pressure on then powering down and putting it into oh i dunno say a stable coin makes sense. If prices go back up well then whoop de do, he may lose some personal wealth, but then steemit starts to support itself once more. If the STEEM value continues to drop at least he has a pool of reserves to keep the core team going.
Could be another negative reality going on. But really people, FFS how narrow are your crypto holdings that this actually concerns you. If STEEM goes to zero and it impacts on more than 10% of your bottom line investments then well need I say more.
I'm also powering down 100% now, and that's not because I'm leaving Steem, it's just because it seems to be the only way to gain a bit of liquidity on the Steem power.
By powering down 100%, once a week I get some freedom of choice, I can choose to revert the power down by powering up, I can choose to sell some steem, I can choose to buy SBD on the internal market and convert it to steem if that seems profitable, and I can choose to channel funds over to other investments.
Upvoted for the commitment to getting a simple token delivered; thank you. The greater concern here is probably the period of time proposed for the RocksDB work, since technical people seem to doubt it can be done that quickly. So I wonder at the actual price difference between what you are doing and what Blocktrades proposed to handle. But again, we need tokens and thank you for that commitment.
Commitment? The only thing delivered is a little beer mat with some writings on it.
30 days, what are the deliverables? Are you serious? We should be happy in 30 days he finished his powerdown, how many mind-fucks can you undergo?
"Ultimately our target is to have Economic nodes (Full Nodes by a Bitcoin standard) running on commodity hardware with 4GB of RAM and a standard SSD."
This is fantastic news and will benefit the Steem ecosystem enormously.
If Crypto prices had stayed high this would never have been a priority.
This is a perfect example of how going through tough times creates a much stronger & better result than being on easy street.
Well done and good luck in getting these initiatives completeted.
As the saying goes
Hopefully the 3rd & 4th panel won't apply to us.
100% correct and nice graphic.
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lol, you wished him good luck... you're evil.... :)
"Ultimately our target is to have Economic nodes (Full Nodes by a Bitcoin standard) running on commodity hardware with 4GB of RAM and a standard SSD"
You just got trolled, or better, scammed... how does that feel... fantastic news, or ? fake news?
This is absurd... that doesn't help the "ecosystem"...
It's far closer to repainting a house that's partially collapsed from termite damage and calling it a repair.
yes, agree more
Thanks for the update. If you make it possible to run a full node on a 4gb server I promise to throw in some ;)
This right here is why optimizing steem's core technology is so important
Server? Servers are in centralized datacenters. Shouldn't the end goal be the actual end users running nodes on their android phones? And on their gaming PC's. Bitcoin isn't mined only in datacenters. Steem nodes shouldn't witness blocks in only those locations either. That is a recipe for disaster.
Well I totally agree. The thing why I did say server is because I got a internet connection that is unreliable at the best and simply disfunctional at the worst of times.
If I would have something decent I would throw in additional pcs at my home.
A gaming PC can be a server and indeed a good one for blockchain applications with excellent single core speed. Servers don’t have to be I data centers. Once upon a time every business had them in their office.
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https://bitcoin.org/en/full-node
no...no one runs any nodes on android phones bro sorry...
Just no.. LOL
"SERVERS?? SERVERS?? WHY arent we running steem on Potatoes and calculators?!?!
Why, I propose we Hand calculate the hash's and mail them my carrier pidgeon!
You have just described Holochain. You can thank me later ;PP
me to. For sure!!!
I really like the new Ned. :)
Psit look more token !
Oh shit thats 2 yrs old already ! xD
Thanks for the update!
It would be great if you and the dev team would consider adding native support for NFTs based on the SIP001 spec here, right after the work on basic tokens is complete:
https://github.com/thesweatshop/tokenforge/blob/master/SIP/SIP001.md
Edit: please see my reply to smooth deeper in this thread for short overview
Hi @upheaver - I just wanted to say thank you for contributing to STEEM ecosystem, I think it's very impressive that you just voluntarily devote probably tons of your time to open this platform to new possibilities. !tip 100 hide
Tipping 100 STEEM - you're crazy, but the good kind :D
He just used so many words I don't understand, I had to!
Haha, I'll continue doing that. Apparently it works :)
Thank you, highly appreciated
NFTs are accomplished in SMTs by issuing SMT-lite of 1(one) token and 0(zero) divisibility. What are the differences in the approaches? Thanks.
My proposal allows for storing of custom json metadata inside each individual token by 3 different parties: the token issuer, the current owner and the dapp interacting with the token.
The specification document contains a walk-through example
Thanks. I'm fairly sure we'll achieve the goals (e.g. Support Steem Monsters Card Issuance) supported by those reqs with SMT-lite. If I'm incorrect, let us know where.
Using SMTs for NFT functionality would be a hack - while it might cover the very basics, the native enhancements I proposed would provide new capabilities and in turn enable new kinds of businesses/ecosystems to emerge.
What is functionally different besides the name? If there are missing features, particularly small ones like json fields, now is the time to hash that out with the developers and get them incorporated.
It's explained better when reading the spec, in short there are a few things:
This enables powerful new ways to build apps.
For example you could send your steemmonster cards to a real time strategy game dapp built by a 3rd party, play with them,earn custom points, and then convert those points to native experience points by steemmonsters - all data logged nativelly inside the token
Yes I understand your spec does things in a different way. Since you worked on your own to design something, and there are always different ways to get to the same goal line, it will clearly be different in terms of details such as the names of the APIs.
What I'm trying to drill down to are the core functional differences that can bridge the gap because I think there is near zero probability that the Steemit devs are going to implement your spec, but actually decent probability they might be convinced to make some small functional changes to enable the same or similar use cases.
For example, having data storage areas seems like something might be possible to go into even simple SMTs. If it goes in, many of the uses cases you have in mind will be enabled, if not using the same APIs that you specified, etc. If not then those use cases won't be able to use SMTs (or certainly not as easily)
Thank you for your explanation here. I didn't quite get the benefit when I read your post and glanced over the documentation.
Good job @ned . I really like it, how fast you react and how you start communicate with the community!
Ned I love the work you are doing and especially that you are listening to the community. That allows everyone to advance.
I am SO excited by this. Increased decentralisation!
Rise of the many nodes! Can't wait. Any word on CPU requirements / core count targets? I'm not about to run out and buy hardware today, but it would stop me from selling some other hardware I have lying around. :)
You can run the smoke blockchain on 4gb Ram.. :) Perhaps steemit inc takes note and removes the cancer that is SBD.
Smoke also has almost no content and state. A brand new blockchain can run on a Raspberry Pi.
This is huge news for our #OneLoveDTube community, a few of our RPC node dependant projects are having a hard time currently and with those resource requirements we could run our own node off the servers we have already 💪
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