Skip to content

Home

Jump to bottom
SUQADEV edited this page Nov 22, 2018 · 9 revisions

1- MAX TRANSACTION IS 533 TX/S WHICH MAKES SUQA THE FASTEST POW COIN FOR SCALABILITY, BUT THE MAXIMUM 16 MB BLOCK SIZE DOES NOT MEAN THAT IT WILL TAKE MORE HARD DRIVE SPACE?

It will reach the maximum block size when the network(blocks) will be full so by the time it will take more hard drive space, it means that it will be more widely used than bitcoin. and it means that we have reached our goal. SUQA will be able to afford a very technologically advanced hard fork that will easily be configured for better scaling of the block sizes and transactions but until that time please enjoy ultra fast transactions!

2- HOW DOES THE INTEREST SYSTEM REALLY WORK?

Well the easiest way to look at it is they are generated by the blockchain when your address meets the proper rules.. Just like in Bitcoin they are generated when you mine a block or a PoS they are generated when you stake.. in SUQA you generate when you move coins from one address to another based on how long it sat in the first address.. meaning 10 SUQA sat in address Sxxxx for 100 blocks.. when you move them to address Syyyy, the blockchain generates the interest.. The reason you see the interest in the wallet is because we added the calculation that will happen when you move them.. we did this so people know how much they can move.. and so they can watch it grow without having to move it every block 3 - WILL THE INTEREST BE HANDLED ON THE BLOCKCHAIN LIKE THIS, FOR EXAMPLE A PRIVATE KEY FROM ONE WALLET CAN BE DUMPED(TAKEN) AND IMPORTED IN TO ANOTHER WALLET AND THE INTEREST WILL BE READY TO USE? .IS IT POSSIBLE TO USE SUQA ON A COLD STORAGE?

Something like this can be useful in Cold Storage because even though that private key is not online either because the PC is shut off or its Printed on paper it will still be gaining interest. Interest is gained for 30 days on an output (balance) that hasn't moved.. So Cold Storage will need to be moved around every 30 days to continue earning interest.. However it is best to limit movement to when you need to.. This is bc when SUQA are moved to an address they are locked in at the Standard interest rate at that moment (block) and seeing how we are still in the bonus time frame this interest drops every block.. Once this bonus time has passed it will be back to ~5% APR but still need to be moved every 30 days.

4- SO THE INTEREST IS HANDLED IN THE BLOCKCHAIN AND NO TRUST IS REQUIRED? PLEASE EXPLAIN FURTHER!

  • Well the easiest way to look at it is they are generated by the blockchain when your address meets the proper rules.. Just like in Bitcoin they are generated when you mine a block or a PoS they are generated when you stake.. in SUQA you generate when you move coins from one address to another based on how long it sat in the first address.. meaning 10 SUQA sat in address Hxxxx for 100 blocks.. when you move them to address Hyyyy, the blockchain generates the interest.. The reason you see the interest in the wallet is because we added the calculation that will happen when you move them.. we did this so people know how much they can move.. and so they can watch it grow without having to move it every block.. 5-SO HOW DO YOU DEFINE SUQA? IS IT PROOF OF INTEREST OR PROOF OF TRUST?

The interest mechanic in SUQA shouldn't be labeled as "Proof of Something" because it isn't a proof method for securing the network at all. It is simply an interest payout after periods of time and in itself will not generate blocks.As long as you move the time locked SUQA to another adress in your wallet, you will keep earning 5% APR for 1 month time locked coins. And in contrast to the complex PoS systems many coins have, locking is super simple and transparent for the user. Any balance will earn you interest from up to 4 weeks. It's really unique and a game changer, isn't it? No need for the general user to go to shady places to invest, just time lock! SUQA is created in two ways . . . by mining . . . and awarded as interest . . . which varies but always goes to existing balances that are moved every month if time locked for 30 days.

The interest supply is not large, and also really less inflationary as it is going to existing holders - it's more like an ongoing stock-split. The mining supply is quite large at the moment, but will shrink in percentage terms quite quickly, so SUQA will actually be a very low-inflation coin in a not distant time.

6-SYNCING WALLET Create SUQA.conf file (case sensitive) in C:\Users\xxxx\AppData\Roaming\SUQA and paste the nodes given below. Save & Exit. Restart the wallet. Wait app. 1 minute. Add the nodes Go to user/appdata/roaming and open SUQA folder Make a new text document and name it as suqa.config Open the document and the nodes inside the document when u save the file save it as all files not txt. Close the file and restart your wallet.

Clone this wiki locally