SuperNET Weekly No. 5

CORE and CORE Media were birthed out of the community which formed around the SuperNET project launched by jl777 in 2014. Now that many aspects of the project are finally coming together in fantastic form and usable products are just around the bend, we couldn’t be more pleased to help spread the word and keep our audience up to date on the latest happenings with this revolutionary project and its technology. Welcome to SuperNET Weekly!

SuperNET and NXT Annual Report

SuperNET and NXT community member Audo this week released a comprehensive annual report on both SuperNET and NXT. The report covers everything from crowdfunding & assets to the vision each project holds for achieving mainstream adoption, The report is complete with charts, graphs, and statistics on dividends paid out on the NXT platform in 2015.

core asset

SuperNET Price

Those paying attention to the price of SuperNET will have noticed a huge boost in value over the past few weeks. At its lowest point, SuperNET was trading below 100 NXT per asset. Fast forward a few months later and the asset is now trading above 200. It is true, JL777 has been buying a lot of these assets. However, there has been a great deal of buy support.

With JL777 buying up SuperNET assets, it would be a good bet to assume that SuperNET is getting close to release. With SuperNET’s team working on Iguana, we may see Iguana being released very soon.

Avidayal91, GUI developer, had this update for the Iguana wallet:

“Completed on wallet (specific to v0.1)

  1. Working wallet send
  2. Showing balance (updated after every minute)
  3. Showing all the addresses of account in wallet information
  4. Selection of coin at login (for v0.01 depends on username & passoword)
  5. Checking the correctness of passphrase using passphrasechange rpc
  6. Checking for possible coin port at login (for both BTCD and BTC)
  7. Showing Login error
  8. QR code scanner
  9. Showing model in case passphrase is not saved or wrong
  10. Showing updater (or spinner ) when sending/updating and stopping other task while spinning 
  11. Add implementation of addmultisigaddress
  12. Use send from only when selected from wallet information
  13. Show balance on main activity tab
  14. Change account name for an address using setaccount
  15. Show transaction details using blockexplorer button (internally by rpc in v0.1)
  16. Connection login and select coin option
  17. Putting some dancing iguanas in ‘about iguana’

Remaining on wallet (specific to v0.1)

  1. Add pagination of transactions

How does Iguana download so many GB so quickly? Doesn’t it have to rely on how fast the other nodes upload?

“200+ peers. With direct iguana <-> iguana comms, it could go faster.

But probably not worth the effort, since it seems fast enough.”

Fastest SYNC to Date

“The best time I have so far is 20 minutes for full sync all the way to real time blocks. But that is on a monster machine. 12 cores, SSD and 128GB RAM, 1 gbps connection. High end VPS. But with 1gbps connection and SSD, I think 32GB RAM is enough for half hour times.

Actually the bulk of the data is transferred in 10 minutes. 91408.43 -> 91MB/sec sustained for that minute. Still need to get the “last mile” to be much faster. Bitcoind takes about an hour to update the last 1000 blocks and unfortunately iguana is taking as long for the last fractional bundle. Which seems silly when 404000 prior blocks are processed in half hour.

For more information on SuperNET and the work of jl777 and his team, please refer to previous SuperNET Weekly articles and our monthly CORE Magazine and be sure to follow the progress via SuperNET Slack or the SuperNET website.