Bitcoin Forum

Alright. I spot coins everyday like many other people on this forum. One of the things I notice is that Nxt is among the few coins that holds on tight in the list. Many came and even more have gone but yuet again Nxt keeps in there slowly growing. The transaction on the network keep increasing, however the general market cap is not inreasing ( many know, this is not the right indicator to base on ). I personally invested some of my crypto portfolio in Nxt as I believe it will do very well. Considering all the tech developments they are putting out and the fact that the coin hasn't marketed properly YET. If they do, I think the potential will become clear and the confusion will disapear and Nxt can have a good crypto future ahead. It's a new world which is vastly growing as we all know, even for Bitcoin it's hard to get in, so a lot can happen ! But I got a good bet set on Nxt.

Anyone else here that has noticed the same trend as I did ? If you go to nxtblocks.info it shows clearly on there in the 'chart's section.

Hi.  This is off topic but bear with me.  How much total funding did NXT get from the IPO?  I'm trying to compile a list here https://bitcointalk.org/index.php?topic=1045967.0

21btc $5040 in todays money

The IPO announcement thread is here.

https://bitcointalk.org/index.php?topic=303898.0

This is the IPO Bitcoin address from it.

https://blockchain.info/address/1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a

It says Total Received   22.01422203 BTC, but a few people sent money to it after the IPO was over. In fact the last deposit was last September.

Yes, a lot people here noticed the same trend. IMO the reasons behind this relative steady growth are the following few things:
- developers are actually developing new stuff
- technologically nxt is one of the most advanced coins
- the nxt community is strong and enthusiastic
- the nxt whales have enough funds and determination to break any P&D attempts

I think a important factor is that Nxt is actually being used, above all as a platform for assets.

On the other hand, the "weakness" of Nxt is its relative small acceptance by merchants in electronic commerce. But this should improve once the client is more "stable" (regarding that there should be less mandatory upgrades per year).

Services like shapeshift.io API allow businesses to take any crypto, if they accept BTC. Though I don't think merchant commerce will be the first growth spurt for crypto.

The updates will continue I'm afraid. Nxt is pumping out new tech at a rate that most people can't keep up. These are the planned features:

https://i.imgur.com/jSdcGIb.jpg


I haven't counted but I don't think we are even a third of the way through the planned features yet. See: https://bitcointalk.org/index.php?topic=831202.0 for development updates

Yes, I know that there are many planned features still. That's a virtue and also a problem for the Nxt ecosystem.

Perhaps there is a possibility to realize some of these technologies in the form of plugins? Or even to divide the code into a "NXT Core" with only basic functionality (those needed for the protocol to work and to create a basic wallet) and realize all advanced functions as plugins or in form of an "advanced" client?

In a way that's kind of what SuperNET is doing.

Also, there is the Jay framework: http://jnxt.org/jay/

Thanks, I didn't know Jay. If it is safe/stable enough for merchants, it can be a good solution for them.

SuperNET is a bit off my radar and it surprises me that you mention it, as I thought it was a pretty heavy solution. Must take a read about it.

Anyway, I would really like to see a minimalistic Nxt command line client with only the core features ;)

I vaguely recall this being discussed. I think there wil be a 'simple' and 'advanced' view in v1.5.0. I'll try and find something more concrete. Not quite command line but you could make ur own wallet with Jay if you wanted  ;D

Ya man, the Nxt ANN thread should be required reading for any crypto speculator.

It has all the ingredients for spotting a long shot winner:

(a)  an original design with useful features

(b)  an elite Dev who thinks outside the box

(c)  totally off the radar and ignored by Twitter Pimps

(d)  well known Hero Members that drop by and are impressed

(e)  the usual pipsqueaks shouting "scam"

In the case of NXT it paid off about 2000:1 within 6 months...
And I'm sure there are quality long shot projects out there today.

thoughts on how ethereum might be able to take it out with its marketing budget?

NXT has one of the biggest alternate trading markets outside of BTC. The NXT AE is growing exponentially and the volume continues to increase. No other altcoin has such a high volume market like NXT.

there is also mynxt.info which is a block explorer and online wallet (with plugins).

how can one verify such a claim of the NXT AE growing "exponentially"? is there a chart somewhere?

I meant more like SuperNET is the advanced client with all the plugins, not as a lightweight client. Although Jay is part of SuperNET, and there are two different presentations of the SuperNET: a standard easy to use mode, and an advanced mode with access to everything. I wouldn't call the SuperNET client itself lightweight though as it is built on top of NXT NRS.

http://nxtreporting.com/stats.php

I would not call it exponential but the growth is steady

Plug-ins are coming.....:
https://nxtforum.org/nxt-plugins/

NXT is a good coin but from 90 million USD marketcap to 9 million USD isn't holding on tightly, that is just plain sinking, and it continues to go down.

That isn't exactly NXT's fault.  All of altcoins have taken a hit.

But if BTC every booms again, NXT will probably go back up, so maybe a good time to buy.

Go here and look at NXT price is USD.  You can see at its peak it was around 0.10 USD and now is 0.01 USD.  http://nxtreporting.com/stats.php?l=detail (http://nxtreporting.com/stats.php?l=detail) (click on "NXT price is USD")

I would stay away from Supernet.  It has like 25 parts and 20 of them are vaporware, and of the 5 that do work, none particularly work well. 

But there is solid development going on within the NXT core. 

So is Justin
https://i.imgur.com/dBG02PN.jpg

Awww, what a little cutie that Justin is.  :D

But...can he turn over 464 transactions in 4 minutes ?

http://i59.tinypic.com/2jayeww.jpg

Take a look at these 2 blocks from NXTs blockchain:
Blocks 417719 and 417720 both contain a payload of 232 transactions each.....which is 464 tx in 240 seconds, without a hiccup.

This is one of the reasons why NXT is holding so well compared to the rest of the alt-coin market:
NXT technology is solid, and is actually being used right now.

This is actually a quite pathetic tps which bitcoin exceeds many times(Poisson process). I get what you are alluding to however with the faster confirmation times. A 20MB BTC block limit will allow much higher tps averages of up to 8400 but the user might need to wait for the confirmation to come through (or not). The bottom line is that both bitcoin and NxT shouldn't be bragging about those numbers as they are both unacceptable and pathetic and thus we need creative solutions like https://bitcointalk.org/index.php?topic=970822.0  to get up to 40k and higher tps to be competitive.

+1 there isn't a single platform anywhere out there anyway, not from King BTC down to the lowliest alt and all in between that is offering a good solution that would scale.   

Have a look at:
https://en.bitcoin.it/wiki/Scalability
for a lot of good info

The NXT 2 TPS example above may not be the most exciting, but it is a good baseline.
I've seen various sources that claim that BTC can only handle 7 TPS, for example:
https://bitcointalk.org/index.php?topic=1347.0
https://bitcointalk.org/index.php?topic=608561.0
(or 30-35 TPS)

I'm kind of curious to know how many TPS other blockchains are actually achieving, not just theoretical figures.

Bitcoin averages 2-3 tps on the chain (much higher offchain) but every now and than spikes with full blocks that are confirmed in short order(Poisson process needs to be considered as 10 min confirmations isn't reflecting reality accurately).The 7tps figure is a theoretical average peak sustained max, but in reality bitcoin currently can only sustain 4-7 tps averages when many complex variables are considered.
Here is a very recent example- (spike of 25tps)
https://btc.blockr.io/block/info/354642
https://btc.blockr.io/block/info/354642

1260 on the block confirmations within 49 seconds or over 25 tps.

This is nothing to brag about though and is pathetic.

Yup....everyone (BTC, NXT, whatever...) just can't hold a candle (by orders of magnitude) to Visa's 47,000 TPS:
http://www.visa.com/blogarchives/us/2013/10/10/stress-test-prepares-visanet-for-the-most-wonderful-time-of-the-year/index.html
Admittedly, they pulled that number in a stress test, but that was about 18 months ago, so their current peak capacity is probably higher.

What tps can handle BTC and all alts coins combine? I don't think tps limitation of bitcoin or any others alts is a real issue for the adoption of cryptocurrency. There is more than one p2p network than can validate transaction. In the end, that is what count, imo. Thus, it might not be necessary to compare to visa tps. Services like shapeshift make tps not an issue anymore.