↑ ↓

[SPA] SPARTA – A Proof-of-Stake Cryptocurrency. Simple. Fast. Reliable.

Discussion in 'Other coins' started by SPARTA, Mar 29, 2018.

  1. TopicStarter Overlay
    SPARTA

    SPARTA User

    Joined:
    Mar 23, 2018
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    16
    Gender:
    Male
    The SPARTA cryptocurrency relies on blockchain technologies and the Proof-of-Stake concept.


    SPARTA's goal is to start a new stage in the evolution of cryptocurrencies and create decentralized, honest, and fair financial relations!


    Our slogan is "Simple. Fast. Reliable"

    SPARTA is abbreviated as "SPA".


    Features and characteristics:


    - Smallest possible fee, which changes dynamically

    - Forging and Proof-of-Stake, which means you can use an ordinary computer to maintain the network

    - Protection against 51% attacks, Nothing-at-Stake attacks, and other malicious plans

    - Blocks are generated once per minute

    - One block contains 888 transactions

    - Network capacity: 14.7 transactions per second

    - The total number of coins will be 8,888,888,888 (~9 billion)


    Links:


    - Official website: https://sparta.top

    - Web wallet: https://wallet.sparta.top

    - Blockchain explorer: https://blockchain.sparta.top

    - Whitepaper: https://sparta.top/whitepaper.html
     
  2. TopicStarter Overlay
    SPARTA

    SPARTA User

    Joined:
    Mar 23, 2018
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    16
    Gender:
    Male
    Private and public keys


    Each SPARTA user has 2 keys: a private key and a public key. What are these keys?


    ● Let's consider the private key. When you create a wallet, you automatically generate a secret mnemonic phrase, which is a set of several random unrelated words. For example, a mnemonic phrase might be "force silence flight coward silent peace party drink trust weary doom also". This phrase becomes both your username and password for the wallet. It is used to generated your private key, which is not visible to anyone. Roughly speaking, you can think of your mnemonic phrase as your private key in the SPARTA network. You must safeguard this phrase and never tell it to anyone. Anyone who knows your mnemonic phrase can spend your SPA.


    ● Now let's consider the public key. Your public key is your SPARTA address, which is used to receive transfers. Roughly speaking, this is like a bank card number. It's enough to receive coins in a wallet, but not enough to send coins to someone else. An address (public key) looks something like this: SPA1HpYNoLDcEsNhblwn


    Anybody can create several wallets in the SPARTA network, which means that anyone can have several pairs of private and public keys.


    For Twitter


    A SPARTA user has 2 keys: private and public. The private key is not visible to anyone. It is generated from a mnemonic phrase. Anyone who knows the phrase can spend your SPA, so keep it a secret. The public key is your address in the SPARTA network, which you use to receive coins.
    --- Double Post Merged, Mar 30, 2018, Original Post Date: Mar 29, 2018 ---
    Forging (mining) and network security


    Since cryptocurrency does not belong to any state, companies or banks, it is mined and its security is supported by users themselves through installation and running special software. The process of cryptocurrency mining and maintaining safe operation of the network is commonly referred to as mining, and those who are involved in this process are called miners.


    SPARTA uses Proof-of-Stake (PoS), so here this process is called PoS-mining, or forging. Mining and forging in essence are the same. The difference is that mining requires powerful computers while forging is not based on computer power, but on user account balances.


    To support the operation of the SPARTA network, participants install and run special software, thus receiving a chance to create a new block on the SPARTA network. The probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block.


    When a miner creates a block, he or she receives a reward. The reward consists of:


    • Fees on transactions within the block.

    • An additional reward of SPA tokens for creating the block.

    The reward for forging depends on the number of coins in a user’s account:


    • If a miner has between 888 and 999,999 SPA (inclusive) in an account, he or she receives only the sum of the transaction fees.

    • If the miner has 1,000,000 SPA or more in an account, he or she is also awarded newly created SPA tokens.

    Thus, miners in the first category support the network, but miners in the second category also help the cryptocurrency growth by investing at the initial stage. Accordingly, they receive more profits.To avoid centralization, each miner (balance of 1,000,000 SPA or more) has an equal chance of creating a new block.


    You can find out how to make money on forging on our website: https://sparta.top/how-to-earn.html
    --- Double Post Merged, Apr 2, 2018 ---
    Want to know everything about us?
    Read our Whitepaper


    The SPARTA Whitepaper contains detailed information about our decentralized cryptocurrency. In this document you will learn about SPARTA’s mission, advantages, technical features details and our future plans. We recommend that you read the Whitepaper very carefully to gain an in-depth understanding of the SPARTA cryptocurrency.


    The SPARTA Whitepaper: https://sparta.top/whitepaper.html
    --- Double Post Merged, Apr 4, 2018 ---
    SPARTA key benefits in brief


    1. Blockchain technology. The authenticity of any payment can be easily verified, and cryptocurrency cannot be forged or hacked. SPARTA is decentralized, so states and companies cannot influence operations inside the system.
    2. Transfers to anywhere, any time. SPARTA transactions are performed 24/7. You decide when, to whom, and where to send the cryptocurrency.
    3. Always the lowest fees. You pay minimum fees on SPARTA transactions. The initial transaction fee is 1 SPA. Unlike the fees for other cryptocurrencies, SPARTA fees are adjusted dynamically to remain as low as possible. The fee was introduced to protect against DDoS attacks.
    4. Security. SPARTA prevents various network attacks, giving fraudsters no opportunity to act.
    5. Convenience and accessibility for everyone. Anyone can use SPARTA. SPA can be easily exchanged for fiat money at any time through exchanges and exchange platforms.
    6. Proof-of-Stake Technology. Instead of wasting enormous computing power, user account balances are used to ensure network security. Thus, conventional computers and laptops can support the network. There is no need to buy expensive equipment or pay huge electricity bills.
    7. Worthwhile reward for SPARTA forging. You will receive the sum of all the fees on the transactions in a block. If certain conditions are satisfied, you are also guaranteed to receive a reward in the form of newly created SPA tokens. The size of this reward, which is initially 8,000 SPA per block, will change every 500,000 blocks.
    8. Protection against inflation. In all, almost 9 billion coins will be created. Unlike fiat money and most cryptocurrencies, SPARTA is backed by a limited number of tokens and protected against inflation. All new SPA tokens will be mined in about 8 years.
    9. High capacity, fast transactions. A new block is created on the SPA network every minute. SPARTA processes over 1,278,720 transactions per day, which means you can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day.
    --- Double Post Merged, Apr 5, 2018 ---
    Promote SPARTA with our promotional materials


    Created to build new and completely decentralized financial relations, SPARTA is the most convenient and safest cryptocurrency available to everyone. Like any other product, SPARTA needs to be advertised.

    Information must be disseminated as extensively as possible to make people aware of SPARTA and the idea behind it, and to encourage them to widely adopt cryptocurrency.

    Please review our promotional materials. We would be pleased if you would share them with your friends, acquaintances, and followers. Post them on your website, blog, social media, etc.

    Branded products: https://sparta.top/SPARTA_branded.pdf
    --- Double Post Merged, Apr 16, 2018 ---
    SPARTA's character and mission

    Our goal is to start a new stage in the evolution of cryptocurrencies. SPARTA allows cryptocurrency technologies to more easily and more quickly gain broad adoption in our lives in order to create new financial relations that are decentralized, honest, and fair. This is our vision of the future.

    For SPARTA and blockchain as a whole, the possibilities are endless. The main feature of payments based on a blockchain is that they enable transactions to be performed online without intermediaries. In the future, blockchain may be used not only for transactions, but also for recording, tracking, monitoring, and executing operations involving any assets.

    Basically, we are dealing with a huge spreadsheet that records all assets and a global accounting system for performing transactions with those assets—without any restrictions on the type of assets, parties to the transaction, or geographical location.

    SPARTA technology, with its clear advantages, will take cryptocurrency to an entirely new level. Thanks to all the advantages, convenience, and ease-of-use, everybody will want to and be able to use digital money. People can use SPARTA to gain independence from banks and easily earn money from home.

    In time, people will recognize the cryptocurrency's advantages over traditional money and will begin to use it en masse. As a result, financial relations in society will fundamentally change, becoming honest and fair. Accordingly, the entire world will become honest and fair. This is our ultimate goal!
    --- Double Post Merged, Apr 17, 2018 ---
    Privacy and legal

    SPARTA cryptocurrency was conceived and developed for creating fair financial relations among people. The cryptocurrency code is completely open, so anyone can use it.

    SPARTA does not violate any international laws. So if cryptocurrency is not banned in your country, you may use it. We call to comply with the laws of the country of your residence.
    --- Double Post Merged, Apr 18, 2018 ---
    FAQ

    Especially for our users, we have prepared a comprehensive list of answers to frequently asked questions.

    Illustrated FAQ: https://sparta.top/SPARTA_faq.pdf
    FAQ on the website: https://sparta.top/faq.html
     
  3. TopicStarter Overlay
    SPARTA

    SPARTA User

    Joined:
    Mar 23, 2018
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    16
    Gender:
    Male
    Money-making opportunity: trading on exchanges

    You can make money on fluctuations in the SPARTA exchange rate. You trade SPA coins on exchanges and earn profits on the difference between your purchase and sale prices.

    How does this work?
    1. When the exchange rate falls, you buy cryptocurrency.

    2. When the exchange rate increases, you sell it to other people at a profit.
    It's basically like trading stocks, but everyone can do it and we dealing with SPA coins instead of company shares. The Internet is full of books and useful videos on stock trading. Anyone can become a trader and earn great money. This is your chance to start a new independent life!

    You can already trade SPA in the following currency pairs:

    - SPA/BTC: https://sigen.pro/trading/SPABTC
    https://btc-alpha.com/exchange/SPA_BTC/

    - SPA/LTC: https://sigen.pro/trading/SPALTC

    - SPA/USD: https://btc-alpha.com/exchange/SPA_USD/

    We wish you prosperity in your investments and trades!

    Exchange rate and trading volume:

    - Despite the overall negative trend in the cryptocurrency market, SPA continues to appreciate. Compared with last week's report, the exchange rate has increased by 41% to $0.00237 | 0.00000030 BTC.

    - Daily trading volume grew 1.5 times to $1,500,924.82 | 192.81848791 BTC | 642,728,293 SPA.
    --- Double Post Merged, Apr 21, 2018, Original Post Date: Apr 20, 2018 ---
    Values of the SPARTA community

    - Independence. We strive to liberate people from dependence on banks and unnecessary costs. Everyone should be able to escape banks' financial control and significantly reduce transaction fees. We believe that if a person wants independence, he or she should have the right to obtain it.

    - Freedom. We want people to not be bound by any absurd restrictions. For example, everybody should be able to exchange money with their relatives in other countries without any problems. It is important that people have freedom not on paper, but in real life.

    - Fairness. All people should have equal rights—without any hierarchies or other kinds of subordination between people. We want to help everyone build equitable relationships based on objectivity and impartiality.

    - Honesty. We do not accept deception, fraud and corruption. That's why we want to build new human relations, including financial relations, based on truth and adherence to principles.
    --- Double Post Merged, Apr 22, 2018 ---
    Learn where SPARTA is headed: check out our roadmap

    We are seeking to gain a strong foothold in the cryptocurrency market and make SPARTA as convenient and useful as possible for everyone on the planet. Check out our roadmap and learn what our plans are for the future.

    Roadmap: https://sparta.top/roadmap.html
    --- Double Post Merged, Apr 23, 2018 ---
    For cryptocurrency exchanges and listings

    The purpose of the SPARTA cryptocurrency is to build honest and fair financial relations between people.

    To achieve this goal, it is very important for SPARTA to gain the largest possible foothold in the cryptocurrency markets: we want to give everyone a convenient opportunity to trade SPA for fiat money and other cryptocurrencies, as well as a chance to earn money at auction and by investing. At the same time, we must also provide the ability to watch the cryptocurrency grow, check exchange rates, monitor dynamics, analyze its rating, and so on.

    Accordingly, we are trying to have SPARTA added to various cryptocurrency exchanges / trading platforms / monitors and indexes. We would be happy to see SPA on your sites.

    Essential information:

    Cryptocurrency name: SPARTA
    Symbol: SPA
    Logo: https://sparta.top/logo/logo_200.png
    Website: https://sparta.top/
    Announcement: https://bitcointalk.org/index.php?topic=2394796

    SPARTA API - https://github.com/spartacore/sparta/wiki/The-SPARTA-API

    Technology: Proof-of-Stake (PoS)
    Block generation: 1 per minute
    Transactions per block: 888
    Total coins: 8,888,888,888 (~ 9 billion).
    You can see the current number of coins in real time at https://stat.sparta.top/api/totalAmount

    Users can participate in forging (PoS-mining). The chances of creating a block depend on the SPA balance in an account.

    Instruction on launching a SPARTA node:
    https://github.com/spartacore/sparta/wiki/Setting-up-SPARTA-node

    SPARTA is already traded on:

    - https://btc-alpha.com/exchange/SPA_BTC/
    - https://btc-alpha.com/exchange/SPA_USD/
    - https://sigen.pro/trading/SPABTC
    - https://sigen.pro/trading/SPALTC

    The SPARTA team has retained 100,000,000 SPA to develop the cryptocurrency: https://blockchain.sparta.top/address/SPA14f1TuMbwGKSHqKGi1

    Source code: https://github.com/spartacore/sparta
    Blockchain: https://blockchain.sparta.top/
    Web wallet: https://wallet.sparta.top/
    Network stats: https://stats.sparta.top/

    Follow us:

    - Twitter - https://twitter.com/SPARTA_core
    - Reddit - https://www.reddit.com/user/SPARTA_core
    - Facebook -
    https://www.facebook.com/Sparta-Simple-Fast-Reliable-144359956205380/

    Please write to exchange@sparta.top with any questions about listing SPA tokens on cryptocurrency exchanges, exchangers, monitors, and indexes.
    --- Double Post Merged, Apr 24, 2018 ---
    How SPARTA can solve today's problems


    We are trying to identify the best of what has been created and apply it in our operations. SPARTA can solve many problems. For example:

    - SPARTA allows everyone to access financial services regardless of their location and without having to get someone's permission.

    - People, not banks or other financial institutions, remain in control of their own funds.

    - Blockchain technology can help resist political tyranny by introducing decentralized cloud-based functions that were previously controlled exclusively by official organizations.

    - Many branches of the economy will be able to escape excessive regulation and licensing requirements imposed by hierarchical structures, lobbyists, and special interest groups. This will help create new business models that are not burdened by unnecessary intermediaries.

    - Blockchain-based records of all transactions and the inability to change these records may become the foundation for societal progress.

    - Each asset in the blockchain is coded with a unique identifier used to monitor, control, exchange, sell, or buy the asset.

    - Due to its economic, political, humanitarian and legal advantages, blockchain technology is becoming a powerful breakthrough capable of fundamentally changing most aspects of society.
    --- Double Post Merged, Apr 25, 2018 ---
    Questions?


    For questions about working together, please contact us at the following email addresses:

    - For questions about listing SPA on exchanges and exchangers: exchange@sparta.top
    - For questions about RP, media, advertising, etc.: pr@sparta.top

    For all other questions: info@sparta.top
    --- Double Post Merged, Apr 26, 2018 ---
    Description of SPARTA's main advantages:
    Blockchain technology


    The SPARTA cryptocurrency is built on blockchain technology. This is an enormous ledger that is available to everybody and that cannot be altered. It contains encrypted information about all transactions in the SPARTA network.

    A blockchain consists of a chain of inseparable blocks (the pages of this enormous ledger). Each block contains transaction information. Each transaction is verified before it is added to the blocks. In other words, a block represents a group of several transactions.

    Moreover, each block always links to the previous block. This means that each block contains encrypted information about the previous block, which means that it cannot be replaced or counterfeited. If an attacker tries to somehow replace an already-confirmed block in the middle of the chain with another block, the blockchain simply will not accept it. Why? Because it will always be different than the block that is being replaced and to which all other blocks are linked.

    In the SPARTA network, a new block consisting of 888 transactions is created each minute. Accordingly, it takes one minute to confirm a transfer in the SPARTA network. During this time, the transaction is verified and added to the blockchain.

    The SPARTA network is decentralized and new blocks are created by the users themselves. The block information is available to everyone. The blockchain technology makes it easy to verify the authenticity of each payment, and cryptocurrency cannot be counterfeited or hacked. Furthermore, governments and corporations cannot influence the operations within the system.
     
  4. TopicStarter Overlay
    SPARTA

    SPARTA User

    Joined:
    Mar 23, 2018
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    16
    Gender:
    Male
    Description of SPARTA's main advantages:
    Transfers at any time to any part of the world


    Unlike bank transfers, operations with cryptocurrencies are executed 24 hours a day, 365 days a year. You decide for yourself when, to whom, and where to send money. There are no limitations here.

    With the SPARTA cryptocurrency, you manage your own funds. There is no need to ask your bank for permission to use them. Nobody can freeze your account or block a transfer to someone from a particular country or region.

    Suppose that in the middle of the night Ravi from India wants to make a transfer to his friend Ben in Australia:

    • With fiat money, Ravi would have to wait until morning, go to the bank, stand in line, fill out forms, pay a huge fee (likely at least 10% of the transfer amount), and then wait 3-5 business days for Ben to get the money.

    • With SPARTA, in the middle of the night Ravi can immediately send SPA tokens, which Ben will receive after 1 minute.

    So if you need to send money to someone in another country, you can do it quickly, without paying huge fees, and without filling out piles of forms.
    --- Double Post Merged, Apr 28, 2018, Original Post Date: Apr 27, 2018 ---
    Description of SPARTA's main advantages:
    Always the smallest fee


    A fee must be paid on each transaction. But this fee is insignificant compared to bank fees and the fees that apply to other cryptocurrencies. It is purely symbolic and only necessary to protect the network from spam transactions unlike, for example, the Bitcoin fee, which serves to enrich miners.


    • For example, suppose there's an evil user named Steve. Steve has 2 addresses in the SPARTA network, which he uses to move coins around. He transfers 1000 SPA from the first wallet to the second wallet. Then he transfers the coins from the second wallet to the first. And so on forever. Each transaction is verified and added to the blocks, but this behavior is entirely pointless. And thus Steve is simply creating an unnecessary additional load on the network. Thus, the fee discourages Steve from doing this, since he will have to pay for each transfer from one address to another. The fee also protects against similar attacks.

    The network fee does not depend on the transfer amount or the user's location. The fee is the smallest possible and changes dynamically as time passes. The SPARTA network will always maintain the minimum possible fee for users.

    For example, the current fee is 1 SPA. At the current USD exchange rate, this is less than 1 cent. But suppose that the SPA exchange rate grows significantly in time and 1 SPA is worth several dollars. In this case, SPARTA will simply lower the fee to, for example, 0.001 SPA, so that the fee is still no more than a few cents.
    --- Double Post Merged, May 1, 2018 ---
    Description of SPARTA's main advantages:
    Security


    To secure the SPARTA network from attackers, the cryptocurrency uses a host of security techniques. Here are the 4 most important:

    • Attackers cannot transfer tokens from one account to another in order to boost their chances of creating new blocks. Tokens affect the ability to create blocks only after 24 hours have passed since they were credited (i.e. 1440 blocks have been created).

    • A transaction is considered safe after it has received 10 confirmations (10 minutes). Thus, an attacker would have to generate 10 consecutive new blocks and simultaneously have an enormous account balance. This situation is likely only if the attacker already possesses more than 90% of all funds in the network, which is virtually impossible.

    • The SPARTA network is inherently protected from 51% attacks thanks to its use of the Proof-of-Stake concept. Unlike cryptocurrencies that use Proof-of-Work, an attacker cannot create longer chains by out-computing other users in the network.

    • Attackers cannot resort to Nothing-at-Stake attacks, because the SPARTA network only allows the last 720 blocks of the chain to be altered. Any block placed below this threshold is automatically rejected.
    --- Double Post Merged, May 3, 2018 ---
    Description of SPARTA's main advantages:
    Convenience and accessibility for all



    The SPARTA website and wallet are as user friendly as possible. The features are simple. Anyone can figure out how to use them. SPA can be exchanged at any time for fiat money through exchanges or trading platforms. You can do this now on the SIGEN.pro platform, BTC-Alpha exchange or through the built-in exchange on our website https://sparta.top/.

    So if you want to buy SPA, you can do so in a few clicks. And if you need money to buy stuff, you can easily trade SPA for fiat money or other cryptocurrencies. And you can do whenever you want.

    Moreover, the SPARTA network has no social, national, government, religious, political, or gender limitations. It doesn't matter how old you are, what you do for a living, or what your level of education is. You don't need to study at a university, pass exams, or get a license. SPARTA is available to everyone.

    SPARTA is used with equal success by people from countries around the world regardless of their gender, nationality, religion, social status, or political views. Cryptocurrency users are a diverse group with entirely different interests and traits. SPARTA equalizes the rights of all users and unites them in what matters most: building free, honest, and fair financial relations.
    --- Double Post Merged, May 4, 2018 ---
    Description of SPARTA's main advantages:
    Proof-of-Stake


    Bitcoin and most other cryptocurrencies use the Proof-of-Work (PoW) concept. This was the very first technique used, and it happened to bring a lot of issues with it. However, SPARTA uses Proof-of-Stake (PoS), so here this process is called forging, not mining. What's the difference?

    • In the case with Proof-of-Work, mining requires considerable and expensive computing power as well as huge monthly electricity costs. In search of profits, miners keep buying powerful specialized hardware that costs a huge amount of money. Miners began to pool their powerful resources, thus pushing ordinary people out of mining. This leads to centralization, which cryptocurrency was specifically designed to fight against.

    • In the case with Proof-of-Stake as a forging tool, the user account balance is used instead of computing power. SPA tokens (coins) are used instead of processors and video cards. Each token is a forging tool. Thus, forging is more convenient and simpler than traditional mining, because a regular computer is powerful enough. As a result, this method is available to ordinary people and does not promote centralization.

    In the SPARTA network the probability of creating a new block is distributed among all network participants using a special formula that depends on their addresses balances. The more SPA tokens are in an account, the greater the chances of creating a block and receiving a reward.
    --- Double Post Merged, May 8, 2018 ---
    Description of SPARTA's main advantages:
    Protection against inflation


    Nobody can create an unlimited number of SPA. The same can't be said about dollars. There are no printing presses here. National currencies lose 1-20% of their value (sometimes more) each year. But SPARTA, like gold is backed by a limited volume. An arbitrary number of SPA tokens cannot be printed. This protects the network from inflation.

    Tokens will be produced solely through the forging process until the maximum quantity of 8,888,888,888 (~9 billion) coins are produced. Then production will cease. This will take place no earlier than 2025.

    The cryptocurrency exchange rate is governed only by the market. Because SPARTA has so many advantages over banks and other cryptocurrencies, and because cryptocurrencies as such are constantly becoming more popular, the SPA exchange rate is also expected to grow.

    The dollar and other fiat money is subdivided into hundredths (a minimum of 0.01 USD, i.e. one cent), but the SPARTA is subdivided into millionths, i.e. Apella (1 Apella = 0.00000001 SPA).

    Thus, people will always be able to buy and use SPA at any exchange rate. Even if SPA coins become worth 1 million USD each, people will still be able to buy a certain amount of SPA for 1 cent.
    --- Double Post Merged, May 10, 2018 ---
    Description of SPARTA's main advantages:
    High capacity, fast transactions


    Bank transfers may take 3-5 business days. Transactions in SPARTA are instantaneous, and transaction confirmations only take 1 minute.

    The transaction is deemed safe after 10 confirmations, or 10 minutes. So, you will have to wait 10 minutes when transferring large amounts.

    The network capacity is as follows:
    • 14.7 transactions per second;
    • 888 transactions per minute;
    • 53,280 transactions per hour;
    • 1,278,720 transactions per day;
    • 8,951,040 transactions per week;
    • 38,361,600 transactions per month;
    • 466,732,800 transactions per year.

    You can send money anywhere in the world quickly for a minimal fee. By comparison, Bitcoin supports a maximum of 300,000–400,000 transactions per day. SPARTA transactions four times as fast as Bitcoin.
     
  5. TopicStarter Overlay
    SPARTA

    SPARTA User

    Joined:
    Mar 23, 2018
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    16
    Gender:
    Male
    What is a transaction?


    Transactions are the only way SPARTA addresses can alter their balances. Each transaction performs a single function. A record of the transaction is permanently stored on the network once it has been included in a block.

    In short, a transaction is transfer of SPA from one address to another. When a SPARTA network participant carries out a transaction, it gets into a transaction pool along with all other new transactions of network participants.

    All SPARTA transactions are considered unconfirmed until they are included in a valid network block. When a block with a transaction is included in the blockchain, it becomes a transaction with one confirmation. As a rule, once the transaction has been sent, it goes from the pool immediately to the block. As blocks on the SPARTA network are created every minute, in most cases a transaction needs only 1 minute to get the first confirmation.

    As subsequent blocks are added to the existing blockchain, each transaction receives new confirmations from each of the added blocks. On the SPARTA network, each transaction is deemed safe after 10 confirmations. If for some reason the transaction is not included in the block before its deadline (24 hours), it is removed from the transaction pool.
    For more information about transactions see our Whitepaper
    --- Double Post Merged, May 14, 2018, Original Post Date: May 11, 2018 ---
    Is there a risk of faking SPARTA transactions?


    SPARTA network operates in such a way, that it is just impossible to fake any transaction. Each of them has a unique digital signature. And any attempts to commit any fraud, such as sending two similar transactions, will be terminated. Transactions created as a fraud simply cannot be accepted by the blockchain.

    For example:

    Mark transferred 1000 SPA to Lesley.

    • When Mark made the transaction, there was an automatic signature of Mark attached, which proves that SPA were sent by him. Such transaction can be accepted by the blockchain.

    • But here come evil user Steve and tried to fake a transaction by indicating that Mark sent 1000 SPA not to Lesley’s wallet but to Steve’s. But to the disappointment of Steve there was no a unique signature of Mark attached to that transaction, and blockchain simply denied it.

    There is a theoretical possibility of the SPARTA network attacking with the purpose of repeating of the transaction, to return coins to another address, but after going through 10 confirmatons to succeed with any attack aimed to transaction editing will be just impossible. In other words, if a transaction has 10 confirmations, it can not be repeated. It is considered to be safe and complete.
    --- Double Post Merged, May 15, 2018 ---
    How SPARTA wallet can be created, how to login and check the balance?


    With help of the wallet you can store coins and make transactions at the SPARTA network.


    • Click the Create a Wallet button;

    • Select the level of complicity (length) of the mnemonic code (for example, 128-bit) and click the button “Generate”. The more bits you are to select, the longer phrase will be and your wallet will be more protected;

    • You should copy and save the generated phrase at a safe place. It is advisable that you memorise it and write down on a piece of paper. This phrase will be both your login and password;

    • Click the I Saved the Phrase button and you will be logged in to the wallet.

    In future this same phrase you should use for login to the wallet at the page https://wallet.sparta.top/.

    • At the wallet, under the Balance line there is shown your balance in SPA and approximate amount in other currencies/cryptocurrencies;

    • Next to the Address line you will see your address in the SPARTA network. It looks like this: SPA15g5hhBADZv9ufRLmc.

    In your wallet you can keep unlimited amounts during unlimited period of time.
    --- Double Post Merged, May 16, 2018 ---
    How to send SPA?


    • Click “Send”. This will open a special form for sending SPA.

    • Specify the following data in the relevant fields:
      • the recipient's SPA address,
      • the transfer amount,
      • the fee amount (the recommended amount is 1 SPA).

    • Click the blue “Send” button.

    The recipient can spend the SPA immediately after you make the transfer. (the transaction gets 1 confirmation).
    --- Double Post Merged, May 17, 2018 at 4:02 PM ---
    What is a digital signature and where does it come from?


    Each transaction contains a unique digital signature that confirms that the transfer was made specifically by the sender, not someone else.

    The digital signature is generated from the private key which belongs to the owner of SPA coins and invisible for anyone. The signature is encrypted and attached to the transaction. It is a proof the the transaction is valid and was created specially by the sender.

    • It is impossible to counterfeit the digital signature if one doesn't know the private key.
    • The private key is generated from a mnemonic phrase which only you know

    • All information uses the cryptographically secure SHA 256 hash algorithm, therefore the digital signature or private key cannot be counterfeited without a mnemonic phrase. This is why it is crucially important to keep it in secret
    --- Double Post Merged, May 18, 2018 at 8:59 AM ---
    Why are all SPARTA transactions pseudonymous?


    As all you need to check the validity of a transaction is its digital signature, all transactions are anonymous More accurate to say they are pseudonymous.

    The recipient and the SPARTA network can see only the address of the public key but it is not known who the address belongs to. For instance, Mark sent 1,000 SPA to Lesly. The network shows only their addresses - a set of letters and numbers. No one can see that the sender’s name is Mark or the recipient is Lesly.

    Therefore, no one can your personal data unless you say about it. And since anyone can create several wallets, you can make any information confidential.

    For example, Lesly knows Mark’s wallet address, but Mark can create a new one and no one will know the new address belongs to him unless he himself tells anybody about it.
    --- Double Post Merged, May 21, 2018 at 3:37 PM ---
    What is the fee in the SPARTA network charged for?

    Each transaction in the SPARTA network requires a fee. But compared to bank and other cryptocurrencies commissions, it is the lowest.

    The fee is required solely to protect the network from DDoS attacks, unlike in Bitcoin, for example, where the fee serves as a means for miners to generate profit.

    Take, for example, Steve, a malicious network user:

    • Steve has two addresses in the SPARTA network and transfers coins between them back and forth.

    • He endlessly sends 1000 SPA from one wallet to the other one and then back.

    • Each transaction is repeated and gets into blocks though all this has no sense.

    • Doing so, Steve creates an additional load on the network.

    • Having to pay a fee for each transaction, Steve won’t do this.

    The fee protects the system from the described attacks. Charging a fee for a transaction is a necessary measure but we make the fee as low as possible so that users just ignore it.