As we mentioned in our previous Darkcoin article, a video was to be released shortly displaying how the InstantX feature in action would look. That video has been released a little while ago, and some more technical details were provided as well.
Let’s start off with some of the technical details provided by the Darkcoin developer. Let’s say an exchange wants to use InstantX for its instant transaction capabilities on DRK deposits. Said exchange can set the number of confirmations to 6 in order to achieve a fully confirmed transactions. Alternatively, vendors will see 1 confirmation and know the money is safe. (This is without setting the –instantxdepth parameter).
An interesting fact about the –instantxdepth parameter is that it can be set as high as possible. While 6 confirmations on a transactions will always lead to a transaction being “fully” confirmed, it can be set much higher than that as well.
In order to avoid confusion , setting the –instantxdepth higher does not increase the total transaction time. It simply changes the amount of confirmations shown in the DRK client. Block confirmations will take place at the regular rate of 2.5 minutes/block.
InstantX is basically a guarantee that the transaction will end up in a block. When the actual number of block confirmations is higher than the instantxdepth setting, the Darkcoin client will start showing the actual number of block confirmations.
Time to check out the Youtube video (which has some horrible audio, but you’ll get the idea) :