Bitcoin Forum

Under new management - new ANN:

https://bitcointalk.org/index.php?topic=5192774

Please go there for updates on the project.

Reserve for portuguese translate!

need a pool and instructions

EXPLORER?

sssenergy has set up a pool - http://137.74.57.220/getting_started

---

explore
Working on it - chain was live, so I wanted to get this out to the general public before we got up to a higherblock count. We had some folks watching github and they've been gracious to help get the chain started. I'll update it once I have the explorer up :)

-a quark -o stratum+tcp://acpool.pro:4036 -u <WALLET> -p x

 -a quark -o stratum+tcp://1pool.pw:4033 -u  -p c=LYTX   

WELCOME !!!

Lytix  COIN  added to MarsPool.org

Use your wallet address as your username, and c=LYT     as your password.
No registration

STRATUM SERVERS:


Happy mining my friends!

p.s. DEV! Please add our pool on ANN message!

The site has very little information about the project. I would like to see a full-fledged white paper, information about the team. I think that you will take into account the wish.

I totally understand. I plan on getting the whitepaper out this weekend and give you all more information about the effort. Currently the team is just myself. That will probably change if the community grows and expands.

Wallet seems clean on VirusTotal 0/66

https://www.virustotal.com/pt/file/fc0e09c6df30a3b3a25d392c2c7fb54bff6fc94ac1821d5c953b91ec96f46355/analysis/

An explorer would definitely be helpfull.

Thank you for running that through. We should have some block explorers and whitepapers available soon. Some community folks are plugging away at it and I am as well. We'll update here and the ANN when they are available and the whitepaper is published. I do apologize for the lack of info that is normally on most announcements. Mainnet went live and was tested, so I wanted everyone to be able to jump in and mine before it got too much further down the road. If there are any other items we need to produce or you all would like to have let me know here or on the discord channel and we will add them :)

---

We now have 2 explorers:

http://www.lytixchain.org:8001/#/
http://testpool.info:3001/

 -a quark -o stratum+tcp://progpool.hopto.org:4033 -u -p c=LYTX   

Updated ANN

Good to know that you are not running an ICO here as you are a one-man team as of the moment. Otherwise, you will receive negative criticisms from the community, as they will think that you will just pocket the money or dump your coins. So I'm seeing here that there's no rush in things as you are not dependent to anybody or need to be pressured by investors because it's up to them, if they will mine your coin or not. Good luck!

definitely usefull, thanks for sharing
the look of the main one is interesting.

Have you considered trying to list on Cryptobridge? not sure if they accept Quark algo already.


premine: 0.53% of supply
seems reasonable compared to many other projects we see around.


would love to hear more about your plans for this project.

Thank you for those kind words. I'm working on the whitepaper now and will publish as soon as it is peer reviewed and ready. I agree and wanted to release a quality product that could be useful. I'm certainly not interested in pumping and dumping, ICOs, and all that other nonsense. This forum is just flooded with that sort of activity. The team will grow over time from the community. No rush, just take time to do it right :)

---

I've put in for a few exchanges, but some of these require listing on one of the coinmarket sites, which also requires a listing, etc. Lots of forms and rabbit holes for sure. The goal is to use the premine money to fund coin growth, exchange fees, development help, etc. I'm working on the whitepaper now and will publish it soon. I agree that Cryptobridge is a good site. I'd love to get on there when we get our coinmarket cap site listed.

Good thing is folks are able to mine and generate coins, network is stable, and confirmations are fast and going through. I'm happy that it got off to a good start. Thank you for checking us out!

what miner program to mine?

You can mine on sssergy's pool - sgminer -k quarkcoin -o stratum+tcp://137.74.57.220:3032 -u wallet -p x -I 18

He recommends sgminer.

---

Thank you!!

I have studied the project and it looks good

thanks for clarifying
any chance you can post a masternode guide before the whitepaper?
It must be simpler to do.

and may help the linux noobs around.
(will try to improvise something here, let's see if I suceed)

EDIT: just saw you posted it on discord
thanks

Yes, I will post it to the site as well. I'm working on that now.

Reserved

wallet is perfectly working.

The real difference will be someone that supports the code and if the community takes off. Technically, if you look at the different codebases they are very similar. The main difference is that this offering doesn't come with an ICO or some other scheme to grab folks funds and then take off in the night. It's minable, supported, and will have continued development as long as I am alive and kicking :)I didn't release the coin with any particular use case in mind like Enterprise only, or IoT, or some other type of niche. The code was solid and worked well enough that I decided to release it. I'm working on a whitepaper that I'll publish that will give some more direction to the coin and where I'd like to take it. I very much appreciate your interest and opinions as we move forward.

masternodes working fine as well

Belated Masternode guide - http://www.lytixchain.org/guides/masternode.html It's missing some style elements from the main page, but I will clean that up later. If you pretty much know what you are doing the Quick and Dirty section is probably what you want. As the week progresses I'll fine tune the guide with graphics to make it easier for folks to create them. Thank you for your input Lucas

sgminer for amd right?

i use nvidia can use sgminer or use other miner?

Thanks Dev team and coders.

[Lytix]  Added on  #CryptoNova

[site] = https://cryptonova.eu
[Mining fee] = 1%

[stratum] = quark -o stratum+tcp://cryptonova.eu:4033 -u (#YourWallet)-p c=LYTX
[stratum for NiceHash] = quark -o stratum+tcp://cryptonova.eu:4033 -u (#YourWallet)-p c=LYTX d=0.02

[Discord] = https://discord.gg/etvrV34

I am pretty sure you can use sgminer for NVidia. sssergy's pool seems to be doing well with sgminer. This is what sssergy posted in Discord about their pool:

sgminer -k quarkcoin -o stratum+tcp://137.74.57.220:3032 -u wallet -p x -I 18

Their recommended settings:

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100 sgminer -k quarkcoin -o stratum+tcp://pool -u wallet -p x -w 64 -I 18 --no-submit-stale
pause

Please note all of the pools are run by the community. I don't run any. If you run into any trouble or need some help join us in Discord and we can help you get on a pool that you like.

---

Adding to ANN - thank you!

Let’s join us and happy mining

where nodes ?

How are you going to strategize your platform to have no inflation feature?
It's very tough to not be affected by such market movement.
This is just another altcoin from what it seems. So there's no unique edge from others.

you are correct there - also stuck at block 14944. Not looking good at this point.

---

I'm going to shut this down for now. Block is stuck and I am not sure how to clear it. Please mine other altcoins. Sorry for wasting your time.

I still can mining do solo this coin?

Removed from Progpool for now.

Let me know when its fixed i'll readd it to pool.

Hi, hope you deal with the problem soon, I am looking forward to mining ,come on!

I'll keep my fingers crossed that you can do it. Was mining since start and just a few coins until I can start a masternode.  :(

Let’s join us and happy mining

I'm trying a few things to move past that block. I will know tonight if this will work or not. If not then I'll shut it down.

This is not fair, what about miners? do you think about that once. If you are not capable to move chain then Why did you launch this coin? I think you are half knowledge person. Please don't create like this and don't waste others time.

hey Faetos, don't give up on the project, it has potential
don't throw your work away.

c'mon...

I think developer should take care of increasing the community. To start some advertising company for promotion or competitions. All projects are now in a crisis and many are not gaining the necessary sums or are losing almost all of their value. But this is not a reason to close the project or leave it. Only the strongest will survive in this market friend.

What is this a joke :) ):)

which should I use POLL

Cryptopia We are waiting for you to enter :)

Let’s join us and happy mining

Let’s join us and happy mining

I've decided to retool and revisit this coin. I am sorry for the way it turned out initially and am regretful that I wasted your time and rigs on this initial launch. I've pulled everyone's balance from the old chain and will airdrop those amounts when I relaunch this next year after some extensive recoding to ensure that the stuck block issue does not resurface.

Good to see you again!!. Hope you will come back with good things.

oh, glad you didn't give up! really interested on the relaunch
please, let us know on this topic in the future.

do you have an estimated date already?

I'd like to relaunch in the middle of January.

awesome
really looking forward and interested on helping if possible

Things are looking good for a mid-December launch. I'm working on the airdrop utility that will drop those coins in your previous wallets when we launch again. I'll add some more coins for the trouble in the last launch.

this is great news!

should we make a screenshot of wallet with balance or how do you plan on verifying claims?

You can do that or you can grab your private key and re-import it with the new wallet I will update here soon.

Grab your Lytix receiving address by going to File > Receiving addresses. Copy the address in there. Go into debug by Tools > debug console and enter "dumpprivkey lytix_address".

Save this somewhere safe and don't share it with anyone. When I release 1.60 then you can import the address in the new wallet by going back into the debug console and run "importprivkey your_lytix_private_key" Your previous balance and the bonus 2500 LYTX will be in there at start.

---

Either way, I will work it out with you all to make sure you get all your funds back. :)

that sounds like a sensible way to do it. thank you for the thorough guide!

I've re-opened the servers and chain for mining.

I kept the same wallet.dat and my balance worked just fine on the new v1.6 version.

Masternodes only start on block 5000.

masternode guide still active: http://www.lytixchain.org/guides/masternode.html

any pools for mining?

we need pool to mine it.

``
Mars, any way you could add us back? We relaunched the coin after fixing some issues and really need a pool?

Thanks!

---

formum, any you could add us back, please? We relaunched and need some new pools, please.

Dear Lytix  Team
Your coin may be free of listing on Aiodex if the number of votes is large enough.
Let's vote for it ☞ https://aiodex.com/vote
Explorer free for any coin listed ☞ https://explorer.aiodex.com/
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
Discord: https://discord.gg/RvhvdZq
Facebook: https://www.facebook.com/aiodexofficial
Twitter: https://twitter.com/aiodex_official
Telegram: https://t.me/aiodex_official
Website: https://aiodex.com

New pool -

POOLS
community run
icopool - stratum+tcp://icopool.club:27073 -a quark -u WALLET -p x

---

We really need some working pools, please. We have some great miners with super gear and I'd love to let them loose on the hashing.

---

testnet is now open to test mining on pools. Expect frequent changes. The ports are 27072 for main testnet and 27074 for rpc testnet. This is my main focus this week to solve the pool issue with the clients. i appreciate anyone's help in getting this going. I always drop LYTX for help and testing.

Miners and nodes that brought blocks 9999, 10000 and 10001 got 1000 LYTX each. We'll do the same for 15,000 :) Thanks for your support!

no worked pools?  ???

Not yet. We are working to get some going. What we've encountered is that we think the template that is getting sent down is off and is what is possibly causing shares to be rejected by mining pools. We are pretty close to figuring it out. I'm sorry it is taking so long to get this fixed, but it's an odd issue.

The worst case scenario will be possibly rechaining and forking. If that happens then I will credit everyone again in the new wallet with an additional hardship bonus. I hope it doesn't come to that, but our nBits are showing up as off. Wherever I make any changes to the chain with nBits then it will fork the chain.

I know it is frustrating, but you can still mine using the client for the time being. Rewards are still 15 for the miner and 15 for the masternode.

Wishing you success with Lytix. Please keep on!

However I noticed following on Lytix homepage:

The link on the website with the Site Design / Logo - LytixChain Foudation is referring to the page of Bulwark.
Maybe that is not your intention?

Further on the website there is an Market exchange rate block mentionning Data from CoinMarketCap,
Don't think Lytix is included yet on CoinmarketCap?

Thank you for finding that. I missed that in the Footer Card. I really liked Bulwark's block explorer and modified it to match Lytix. We aren't traded yet, but part of the cron jobs that get kicked off test for market price on coinmarketcap and for the time being I just left it to check for Bulwark's price. I added a notation stating that it is not the real Lytix price. I wish it were. That'd be fantastic.

Thank you for the well wishes. We have some initial bumps in the road with this coin, but I will keep on it and eventually we'll have a good product to market and bring good things to those that are involved.

Just so you know this project isn't about getting rich for me or stopping the effort and soon as we go to market. I'd never do that to folks. I hope that this coin and the foundation will be able to serve folks well and do some good in the world. We have a really smart, nice community (quiet, but when pools kick in it might get rowdy), so I encourage you all to join us on Discord - https://discord.gg/CZfZ7Ex. I'll always be responsive here, so if BCT is your mainstay then no worries. This is my home, too. :)

---

We just asked to be submitted at MNIFO - https://www.mnroi.info. Nice site with good info. Thanks for reaching out.

How can i mined from the client?
Using setgenerate true ?

it is not working for me. I used it for more than 12 hours and no result. not a fraction. :(
 

cute purple font - not sure why you have not found a block yet. Only thing that I can guess is that your hashrate may not be enough to find one. We have about 64 people mining right now, so it may take some time to find a block. We've made some good investigative progress on debugging the client's adversity to pools. It looks like there is a discrepancy in the code with the nVersions. Wanting to start zerocoin off on block 1 I inadvertently pushed it to version 4 which caused some issues. I have a clone that I am going to try a few things to see how we can get past this with the least amount of disruption as possible.I'll keep you all informed as we make progress and when the fix will be in.

I hope it will take place quickly, because of the current market situation is being improved and certainly everyone didn't want to miss the opportunity to get the benefit, the team was working hard at the moment and we can only hope the best from the team.

Where instruction how create MN?

I have a Linux guide here: http://www.lytixchain.org/guides/masternode.html

We also have a lot of members that run them on Windows as well. Head over to our discord masternode channel if you need any help getting going.

I have some LYTX to sell if anybody is interested on it ;)
just lmk by dm or on discord

So, made the decision to keep the coin as it is and not cause any more churn for our coinholders. The coin will be CPU minable via the wallet until block 100,000. We'll move to Proof of Stake at that period. If you want to mine the coin please use the client downloaded from our github site. No other method will work or be supported.

Anybody looking to setup a MN I have coins available, contact me here or on Discord (eureka#0001)

Does this project still going on?any dev?

yes, read above - dev active - do stuff

Need discord link?the invite link already expired

The link in the ANN still works. It's not set to expire - same as the web page - https://discordapp.com/invite/CZfZ7Ex

---

All,

I just wanted to share a really innovative way a few of our coin holders have figured out how to have multiple masternodes on a single instance without needing another IP or using IPv6. I wrote this guide on discord, but wanted to share it with you as well. Our coin is based on PIVX, so any PIVX masternode coin will most likely be able to use the same methods.

To build multiple masternodes on the same host using the same binaries that are in your path

Assuming a 1 Processor VPS at vultr running Ubuntu 16.04

On the VPS create a directory to house the copies of the data folders (lytix.conf, wallet.dat, etc) - assuming you have rights to drop directories in / - /lytix can be whatever you want it to be

mkdir -p /lytix/mndir



Create subdirectories for each of the masternode hosts you want to run. We're going to assume 5 in addition to the one you probably already have running

mkdir mndir/mn1
mkdir mndir/mn2
mkdir mndir/mn3
mkdir mndir/mn4
mkdir mndir/mn5



Create a new lytix.conf in each directory that will have a different rpcport. For this example we will use port 28081 for mn1, 28082 for mn2, 28083 for mn3, 28084 for mn4, and 28085 for mn5
---- lytix.conf in mndir/mn1 ----

rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
rpcport=28081

---- lytix.conf in mndir/mn2 ----

rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
rpcport=28082

---- lytix.conf in mndir/mn3 ----

rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
rpcport=28083

---- lytix.conf in mndir/mn4 ----

rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
rpcport=28084

---- lytix.conf in mndir/mn5 ----

rpcallowip=127.0.0.1
listen=0
server=1
daemon=1
rpcport=28085

I don't recommend starting them all at the same time, because they are all going to jump to about 30% system utilization downloading the chain and updating.
Just give each a little time to update. As of this writing the chain was at about 45,000 and it took a few minutes to fully retrieve the chain. Once the daemon has fully synched it will drop down
to around 4-8% system utilization.

Start each masternode by doing this:

lytixd -datadir=/lytix/mndir/mn1
lytixd -datadir=/lytix/mndir/mn2
lytixd -datadir=/lytix/mndir/mn3
lytixd -datadir=/lytix/mndir/mn4
lytixd -datadir=/lytix/mndir/mn5

On the gui client that you have the masternode.conf configured you will go through the same procedure in creating a regular masternode. Change the alias to something that you can remember:

masternode genkey


getaccountaddress mn101



send the 5000 LYTX to that address

Update the masternode.conf on the client with the same IP as the masternode, but with the alias above "mn101" and the other information like the output of genkey and the tx id that you see after
running

msaternode outputs

You will see multiple after it has confirmed, so look in the transactions and find the payment to self you just created to get the txid if you need it. You will now need to update the lytix.conf on the new masternodes with the following information: masternode=1 masternodeprivkey=private_key_from_output_of_masternode_genkey_above Restart the masternode to pick up the new config:

lytix-cli -datadir=/lytix/mndir/mn1 stop
lytixd -datadir=/lytix/mndir/mn1

Restart the gui client as well to pick up the new masternode.conf config. After 15 confirmations you can start the new masternode. Special thanks to our resident royalty LordSoylent for spelling this out for us :)

please advice how to mine using wallet app.
what command do i need to use in command line to start mine with cpu?
is it any guide?

lytix-cli setgenerate true (number_of_cpu_cores)

Mine with the wallet - go to Tools > Debug Console > Enter setgenerate true 1

If you are on the CLI use lytix-cli setgenerate true 1

to turn it off enter setgenerate false

If you want to use more processors change the 1 to the number of processors you want to use

---

All,

We are releasing version 1.7.0. This release is a MANDATORY release, because this is accelerating Proof of Stake from block 500,000 to block 100,000. To give time to coin holders and masternode operators we will enforce the release by activating spork 17 around block 90,000. Burning 1440 blocks a day that will be around Feb 19th.

On Tuesday Feb 19th at 1500 UTC I will enable spork 17 which will enforce protocol 71031 on all nodes. Nodes on 71030 or the previous releases will be dropped. Please upgrade at your earliest convenience.

Changes:

PoW to end at 100,000
Modifications to the treasury awards at 10%
ZeroCoin start at 150,000
Gitian build modifications
Block CheckPoints added
Re-added CTLV work
dnsseed changes

Release binaries are here: https://github.com/LytixChain/lytix/releases/tag/v1.7.0

---

Whitepaper added - https://www.lytixchain.org/lytix_whitepaper_v1_0.pdf

Add feedback - https://docs.google.com/document/d/1wMw4JuvG_hh45joXK-BAknDj1Mr4tJgQCzP-WyVfyn8/edit?usp=sharing

Thank you

---

New release - https://github.com/LytixChain/lytix/releases/tag/v1.7.3

Please make sure you upgrade to 1.7.2 or 1.7.3 if you are on a previous version. I will enable the spork to block previous versions in about 6 days. All clients and masternodes need to be updated to ensure continued service.

Thanks

head here to show LYTX dev faetos some appreciation, this dude is Working!!

https://imgur.com/gallery/Cq2m0D4

go make a comment about your coin .. and share socially. thanks peop's

I'll be switching on the spork, meaning move to 1.7.3 at Human time (GMT): Thursday, February 14, 2019 1:00:00 AM UTC

For those who don't know yet we're listed on an exchange: AbacusBit (https://abacusbit.io/market/BTC-LYTX?ref=35)
Market: BTC-LYTX

What is the current hashrate of mining?

http://www.lytixchain.org:8001/#/statistics

over 700mh

edit. i managed to start two mn in the same vps. :) will see if it receive rewards

It will after about 17 hours.

Are there any pools?? This was probably answered earlier but are there pools or is it CPU SOLO only?

solo cpu only - there are only about 8000 blocks left before we go to PoS anyway

can confirm that it works.

I could add that I had to
delete some files before running the client again

on the copied folder:

rm wallet.dat
rm debug.log
rm -rf backup
then editing the .conf and launching the wallet with datadir.

(thanks to Luke on discord!)


--//--

once we get to POS what will be the distribution of block rewards for POS and mn? same as of today for pow?

EDIT:
ops, checked the main thread and saw that it'll be the same as of today. 50/50

I found a critical bug in the Proof of Stake conversion that would have only paid out 2 LYTX. So, to avoid this catastrophe I have to get everyone to update AGAIN (sorry.) All clients, masternodes, vps, anything Lyitx needs to be updated before PoS switch over in about 35 hours.

This version will up the reward from 30 to 100 LYTX (50 staker/50masternode) for 10,000 blocks. You can find the binaries here: https://github.com/LytixChain/lytix/releases/tag/v1.7.4. Mojave will be out tomorrow.

easy MN update:


if the client doesn't stopyou can use

killall lytixd

Currently stuck at block 99,999 like block 14944. I'm trying to find a way past it but not able to fix it at the moment

Not anymore we are not ...as Faetos and Eureka worked their magic...well done guys

Eureka was a real hero busting through block 100,000.

---

how bout nope

We should be on Crex next week. I wish they would get rid of the Copper Member BS. I see that and I immediately do not trust you.

---

we are on bisq.network now: https://bisq.network/downloads/

Larry should have his exchange ready soon.

awesome news!
already there on the logs of new assets listed:
github link (https://github.com/bisq-network/bisq/releases/tag/v0.9.4)

If you need to synch up quickly you can use the bootstrap.dat file that is on the latest release. That should get you over the hump and ready to stake.

Trading is now live on Crex24  8)

https://crex24.com/exchange/LYTX-BTC (https://crex24.com/exchange/LYTX-BTC)

Project interesting, looking at it, check their discord the team is very helpful and all questions been answered  immediately. This project will stay for sure in the long run. devs and team don't need luck because they are working on the project.

It is also worth noticing the complete and utter absence of shill.
This has been so refreshing and gives me high hopes for this one.

When moon? Buy LYTX, buy LYTX, Buy LYTX!!! Arise LYTX!

---

sorry, just had to - reminds me of BTC-e back in the days of chikun

LYTX Lytix Coin https://www.lytixchain.org/  Discord: https://discord.gg/hep2nt4 has been added to

https://dice-age.com/ online staking wallet dice game.
https://discord.gg/7Z8Tx5B

dice-age will put in an additional 10% of the initial sites pool, this will be rewarded among the '1st in invested players' staking benefit.
Initially making dice-age.com The Best place for you to get LYTX stake returns anywhere!

So, we are in the top 5% in volume at Crex24 - right behind DASH. If only we could have the same price :)

---

Price increased 213% today on Crex24.com. We are #2 at Crex24 for biggest gains for the day.

Where i can find information about ur team?

We just updated out website yesterday. As for the official team it is myself doing the main coding, running the network, marketing and all that stuff. This is me on linkedin - www.linkedin.com/in/nat-h-6382b8157

We have a lot of community contributors like Eureka, Tybibourne, Multi21 (did the new website), luke, Bitcoinminion, LordSoylent and others that have helped with development, scripting, support, etc. It's a good community effort, so I encourage you to join us on Discord. We also have a very good, positive group on board. All very helpful and generally wonderful people from all over the world. Our community is absolutely our strength. 

I can vouch for that
Faetos is one of the hardest working devs on the crypto space.

agree's

FYI - there are some issues with zerocoin and it will be disabled and probably removed. We were due to go live with it on block 150,000, but due to another vulnerability with the protocol we are currently voting to remove it entirely from the next release. It will be votable at some point on the wallet, but if you wish to have your voice heard then please head over to discord and look for it in our proposals section.

---

We're going to drop ZeroCoin after maxnodes go live. It will continue to be in maintenance mode until then. Maintenance mode is essentially disabling the services. I think I am probably the only person who has some minted zLYTX, so it just impacts me.

---

Maxnodes are starting to come together, folks

any info on what will be the price and metrics for Maxnodes already?

The Maxnode system is unique to Lytix. Maxnodes will hold the open APIs that entities will be able to use to store data,
decisions, or any other configurable items into the blockchain. They will come in 3 tiers and cost 50,000 LYTX for Tier 1,
75,000 for Tier 2 and 100,000 for Tier 3. They will also receive 10x for tier 1, 15x for tier 2 and 20x for tier 3 of the
rewards for each block.
They will be the only points of entry to the data storage and decisioning matrix with the Lytix blockchain. Max nodes are
unique and identified by a cryptographic signature that will tie it to the clients that own and use that Max node. Max nodes
can also be private and the information stored and the decisions tracked can also be private. If the entries are deemed private
they will be signed with the cryptographic signature and encrypted before placement into the blockchain. Only key holders
that are part of that group will be able to view and decrypt that information.
Maxnodes will also receive LYTX for each storage transaction. The cost of these transactions is still in development, but the
current thought is to be 1 LYTX or a fraction of a LYTX. As maxnodes move through testing we will have a better idea of
how much it will cost to insert and retrieve data elements. Maxnodes will uniquely be able to process these transactions.
Maxnodes will not process regular transactions like Masternodes and will nto be part of their network. The maxnode
network will be the third tier in the ecosystem.
Maxnodes will also differ from Masternodes in that they will not participate in the budget voting or proposal submission
process. That will stay a Masternode function and not be a part of the maxnode system now or in the future. Reasoning
behind this is to keep the systems separate and the functions specialized for each tier.
The maxnode tiered system is still in development to decide which functionality will be housed in each tier. Some proposals
have defined the following:
TIER 1 - 50000 collateral - secure node for read-only API functionality
TIER 2 - 75000 collateral - node with atomic swap capabilities for dex functionality and partial API functionality
TIER 3 - 100000 collateral - node with atomic swap capabilities for dex functionality and full API functionality

---

those are what we are working with at the moment. It can certainly change through testing

quite interesting and innovative!
are there any other projects around with maxnodes?

Just got a little confused on how this wil affect the emission curve.
will the LYTX per block remain the same or there are some changes coming to it with the release of maxnodes?

I don't know of anyone out there that actually has a tiered system. It's possible someone has one, but with a new shtcoin every hour anything is possible. What I am currently testing is the reward system. I am adding this in addition to the current allocated rewards:


I will test this to see if it works. It's currently in main.cpp.

As far as emissions go, this reward system will most likely undergo a lot of change. For the regular masternode staker rewards they will remain on the same track and not change at all. For each data put and pull there will be a cost that will be awarded to the maxnode owner. I am thinking along the lines of 0.1 LYTX for a put and 0.05 LYTX for a pull. Transactions could be heavy and with a limited supply of LYTX (100 mil) enterprises may run out. This will undoubtedly be under revision as we start to get use cases together and make partners to use the system.

I really admire the hard work and humility that you put into this project.
If this one doesn't meet success, I'll cut my right hand! ... or my pinky... alright, I'll cut the top of my nails!! :)

Kidding here, but seriously you deserve the best with your project, faetos.

That would deserve a LOT more hype!

By the way, there are already tier 1 - 2 - 3 masternode systems but I haven't checked whether those ones are only a matter of collateral/reward difference, or if each tier has a very different and complementary role in the network, like what you're developing now.

Looks pretty good so far!
There is a lot of activity on the github regarding maxnodes,  I can't wait till they are active.
I heard that masternodes/staking will move to a 60/40 split at the same time as maxnodes are released.  Seems like a smart move.

Now is the time to buy! Lytix is still pretty cheap over on crex24.

I was a little sad that I found out about this project at the tail end of the pow period.  I only mined about 3k.

I'm pretty happy now that they are on Crex and I've been able to score a decent bag.
It's one of the few projects that look promising. 
-low market cap
-low supply
-decent goals
-great dev
Seems like a recipe for huge gains if I've ever seen one.

It's a Pivx fork, but it's getting much further, as opposed to 90% of the others

As far as I'm concerned, I'd go 70/30 MN/PoS. Probably the best way to have more coins locked and increase scarcity.

I have been following and an investor of the Lytix project for a while now and I have to say  I have never found a more committed and transparent  dev. You will always find an open and honest response from Faetos, no bs here, and always available to answer questions and explain the progress of the project.  Lytix is an opportunity for me, and others as well, to be involved in a open and honest crypto project.  When is the last time  you could say that.  Feel free to come and see for yourself.

I have a question for the dev: I'm brand new to this tier 1-2-3 system, and as I understood that one of those tiers will be used to keep storage of important files, would you mind explaining a bit more how this will work? will every MAXnode store the whole files, or each MAXnode one part of the file? I suppose this will define the technical requirements for those MAXnodes, because for now with 20 GB of disk you can easily run 20 masternodes, but in the case of a bank or insurance storing files in the blockchain, this weight can go nuts .

I'm thinking documents such as photos, reports... maybe even videos? Insurances need to keep those kind of documents quite often. So the storage requirement could be pretty high, don't you think? And will this be "for a lifetime", or with a limited life? I'm mentioning this because the blockchain is all about durability, BUT when you store some private files that concern people (which is the case with insurances and banks), aren't you supposed to keep those files for a limited amount of time? RGPD and stuff...

Hey all

I just wanted to agree with blackstone on how active and transparent the dev faetos is. Anytime i have ever asked a question or needed any help with anything there is always a quick and timely reply back. Also the community behind the coin as well has been great at answering any questions i have as well. I have been around the discord since pow started i mined some with ease and been staking ever since the switch over to POS. Big believer this coin is going places simply because faetos works his butt off and is always active and not to mention the community has his back as well. Great Community Great Dev!!!  :) :)

you all are super nice. Out community is our strength for sure. We have probably the best folks involved that I have ever seen. Very positive, fun and engaging.

sure, but that doesn't answer my question ;) :p

I intended it to just be used for simple data types such as text data to keep the footprint small. The last thing I would want is a super huge chain requiring multiple TBs to hold. I haven't quite gotten to building the API for it but the thought is to have a configurable API that business or private entities can use to store decisions, audit points, links, etc. to prove that it happened and can't be changed.

Knowing full well that most companies don't want to store private things in the clear I want to enable them to encrypt their data points using their client's keys which will be housed in the Lytix client. That way they can safely store data in the clear but in encrypted form.

For a solution like this there will undoubtedly be use cases where a company will want off site or private chains to store data. This is where you all will benefit as well. If that happens and we are approached to develop a custom chain then I will transfer the proceeds to the community via a buy back program. Also, if for some reason we are bought out completely I plan on doing the same. We are kind of equal partners in this venture. :)

So, depending on some of the initial testing and development of the API we may put maxnodes on a separate chain to ensure that the regular chain doesn't get overloaded and too heavy. Performance and stability is a key differentiator of our chain and I will not introduce something to the environment that will betray those hard fought wins.

The big thing is immutable - that means never change. So, that has also put me on a path of well, what if someone uploads something like porn, or criminal activity or possibly use it to funnel private messages for terror or something awful. That would be tough for me to swallow considering how clean we've been running our community and the good folks we have in it. So, that being said, we may have to put some scrubbing feature in to prevent that. It's a tough call, but working in ops for ever I understand that things will go wrong and there needs to be an out. I'll keep that in mind as I develop the API.

We all know that this kind of developer is quite rare. However, what would it take for the Lytix project to increase its value in the exchange? Or is it because I couldn't find any other application other than trading?

That is most likely the case. I had folks jump on the coin before I could get the "special" put together which will be the addition of the 3rd tier maxnodes. These will hold the data APIs that will store data (text initially) for decisions, audit, and other immutable statements that need to be stored in an unchanging environment. This is currently in development and will hopefully be released this month. I've been working hard to get this out and running so we can have our purpose and a reason to exist and hopefully thrive.

---

Discussion on discord is should we change the reward behavior to the following:

70% masternode operators
30% stakers

We have currently agreed to a 60/40 split, but the question is now open.

Appreciate much your response. At least we know that this project has other things to offer. If you can establish your purpose in crypto, maybe the value of your coin will elevate someday. Good luck!

Thanks faetos for this detailed reply!

Tippytoes : yeah for now we're all super early adopters, betting on faetos capacity and will, and until now he's proven himself to be above all expectations (he can even be a bit too generous, but I guess after being burnt a few times he's learned the 'never trust him anyone but yourself' kind of lesson)

If you've ever seen so much work done by one man (check the discord, the code progress is all published real time!), feel free to keep me posted, I'm in active search of such gems

https://discord.gg/5UejzWf

I won't say 'buy it while it's cheap' but.... By the ways the hold volume is getting bigger, sell volume getting thinner... Scarcity is growing, people are more and more keeping their coins instead of trying to sell them at any price. That's a sign

I think that a 70/30 split wouldn't be a bad idea, but at the same time it might also be wise to raise the amount needed for a masternode maybe to 7000 or 10000 or more. I think anything that can encourage running no more than two masternodes per vps would also be a good idea.

just some fyi on where I am in this process of getting maxnodes going:

1. Main coding for maxnodes - complete
2. GUI work for maxnodes - complete
3. Test activation and proper working of maxnodes - we are here
4. API work on maxnodes for data API
5. Test chain and determine if a side chain is approrpiate
6. Research encrypting data insertions by default
7. Testing new client for encryption
8. Spork enforcement of maxnodes to cut over on a certain block/date
9. Test spork
10. Release client and maxnodes
Document and market

Now this is a project that we are talking about. Being handled by a good rank user to which all of us know that an account is really precious and it is hard if it gets a red trust by posting a scam. project. Most.of the project in this sections were being brought by copper or jr..member and I do not like think that way on how a good project wi lost its credibilty due to the low rank users bringing the project.

yes, there are so many 1 commit wonders out there that want to solve world hunger with an ICO and a PIVX clone. It's just bananas what folks throw their money to. Cool thing about our effort is that all of our masternode operators earned their masternodes and our maxnodes owners will be the same. Our community is really good and full of high quality folks. We've been under the radar a bit because we're small and want to deliver some value before we do promotions and drop a lot of hot air without a product. Thank you for recognizing us. It's validation and fuel to make us want to work harder.

70/30 or collateral increase wouldn't change the maximum amount of masternodes per VPS. This would only be changed by the requirements of those masternodes (total number of transactions in the network or any kind of transaction involving those masternodes - maxnodes), depending on the type of resources.

I'd still prefer to keep 60/40 as masternode / stake

it'll need a new wallet, right?

have you considered listing on a service like Gin or GTM for easy masternode setup faetos?
this would definitely be interesting for LYTX!

There are votes going on, so if you have masternodes you can participate, that's the way it works, the community can have a voice in almost every decision concerning this project!

I don't know about the wallet update, though...but if faetos plans to release this rewards split update + maxnodes at the same time, then a wallet update will definitely be required.

Thank you for the suggestion concerning GIN and GTM, do they have fees to list new coins/projects?

Besides, there is already IhostMN and crypos.io for masternodes hosting. Those ones work just fine :)

---

LYTX has been added to Delta Portfolio App!

Thanks for your votes :)

https://cdn.discordapp.com/attachments/541252671953174538/568792753689985054/unknown.png

How much do our folks love Lytix? They won't sell you any they love it so much! https://crex24.com/exchange/LYTX-BTC … Only 67,471 for sale out of a total supply of 7,373.386. That's 0.915%. Yeah, good luck hopping on this train!

Lytix Chain Foundation is officially a recognized business in Texas. I filed paperwork today in San Antonio. So, we're a real legal entity. Small start to many good things to come.

Good job faetos! going further each day, one step after the other...

This registration will surely open many new doors (bittrex? =) )

We're voting on a new logo! Join us to vote - https://discord.gg/ZZBDZnf

not sure about GTM but GIN charges no fees afaik.

congrats on delta listing and on the official businnes registration!
nice!

will check the voting, is it on discord or some ther way?

I'm still working on the activation for maxnodes. It is a tough issue that is a bit hard to troubleshoot, but I am making some daily progress in figuring it out. That's the delay on maxnodes for the moment.

We are voting on logos and different websites if you want. I just want to give you all the option to vote on something different if you'd like the face and logo to change.

If there are any business partners or services that show up I'd like them to propose their services in General. I get DMs all the time for this and would like you all to have a say in what you would like to do. We're a community and make decisions that way. I'll do the coding and cover some costs, but want to make sure the project goes in a direction that you are happy with. Don't be shy to speak up. If you have an idea, but are worried about sharing it then let me know. Any coinholder can DM me at any time. I'm not online all the time, but will certainly be there for you if you need me.

We are now a legal entity in Texas (where I am from) and can operate under the business name of Lytix Chain Foundation. A first step to an official business that gets us ready for big exchanges and eventual business partnerships if we can find some Enterprise suitors to use our solution.

I'll enable the new features via sporks, so when maxnodes are ready we will pick a date for that and for the rewards change. I will probably put in some more proposals to see a few options like 60/40 (which is already approved), or 70/30.
Just as an additional note zerocoin is pulled out of Lytix in the current source tree on github. Also, good news if you like compiling your client via source. You can do so now and be able to connect and update your client. Please note - if you are a binary user (1.7.4 or 1.7.5) you do not need to update anything. I'll announce in BIG BOLD TYPE when v2.0 is released. It will be a BIG DEAL, because maxnodes will finally be done. I originally thought that it'd be done at the end of April, but some of the difficulties I've had in activation of a maxnode has slowed development down a little. I will get past this and move on with the other pieces. So, we're still moving forward and still working. Thanks for hanging in there and being patient. I know crypto is a get rich yesterday thing, but we're just not that kind of outfit. We're going to have a usable product to sell and we'll be proud of it.

---

Right now 60/40 masternode / staker is going forward. I'll put a proposal forward in the wallet to see which gets the most votes. I am pretty sure nearly every coinholder has a masternode or has a hosted node. I'm pretty sure it will lean towards a 70/30, but if you are a staker only please let me know here. I check this every day as well.

---

We are going to change the logo for Lytix. We have voting going on in Discord, Twitter and Telegram. Here are the two logos that have the most votes:

Lytix is a little project but with great community and community driven, which reminds me of bitcoin old days.
There's no ICO money, masternode pre-sales or super-duper partnerships ... and is not aiming to provide impossible achievements only on whitepapers.
Yes, it's a PIVX fork but why reinventing the wheel if the base code is available?
Many projects derived from the original bitcoin code and they are doing quite well actualy.
The development of this project is going forward and soon the coin purpose will became reality, with maxnodes.

Maxnodes are like super nodes and are used only for managing the transactions on the 2nd layer network and will hold the open APIs that entities will be able to use to store data, decisions, or any other configurable items into the blockchain.

Maxnodes infrastructure will open the door for Enterprises to use the blockchain as an immutable storage layer for decisions, data, or whatever they desire to save costs and control the security of the stored data with the private key they hold.

A possible purpose: a solution for banks to store GDPR data which can be stored off-chain.

Storage is more secure and having cheap storage transactions, instead of paying alot more for similar solutions (cloud data storage) is a big selling point for this project.

Hope to see more progress next month from faetos, the main developer of the project, when we can see some tangible results and maxnode test network up, so we can bend up the maxnodes for other possible solutions.

quite an awesome overview!
Have been here from the start (mined on launch) and still following development closely, quite curious to see what will come from Lytx, and definitely faetos commitment never ceases to surprise me!

btw, logo 1 is definitely nicer and more professional, voted for it there on discord ;)

I also watch too. Agreed that the team does everything at a very pleasant level for everyone. And at the expense of the logo sure that you can find a more worthy option.

lytix-cli --testnet maxnode status
{
  "txhash": "bf27adacdc3baefd0cf0cdbcbeed8b1f153d1582852ac522cef351e4ba2ddab4",
  "outputidx": 1,
  "netaddr": "45.32.202.96:27072",
  "addr": "D7ZHdkvWKjH8yJP59RxMWWfGAisSkN2PrY",
  "status": 4,
  "message": "Maxnode successfully started"
}

what do you think this means?

It probably means that things are getting serious ;)
Congrats for the achievement, faetos! And congrats to the community too, as far as I understood there has been some nice help there, finally a community that understands what it means to be a "community".

Didn't this service have some issues a few months back? I heard that a lot of the accounts were hacked, but I never found out how or why it happened? We have 2 really good services we've already partnered with - ihostmn.com and crypos.io.

I had tried to work with the service you mention months ago, but never got anywhere with the admins.

by the way...this link looks like a referrer link... doesn't look so nice :/

and that is all that account has ever posted - thanks, but no thanks spammer

---

We are voting again on the following reward changes:

1. Rewards change 60/40

Masterdode operators: 60%
Stakers: 40%

proposal - https://bit.ly/2vFpxol
hash - fca80b56b8c46746bddd809ea8dd67320dbbd0c17c9d7ef7a578043caece9bd4

2. Rewards change 70/30

Masterdode operators: 70%
Stakers: 30%

proposal - https://bit.ly/2JhEN34
hash - 34c2bfac9f8aafb05b4010d644939201a5706e5a2510fc7524f3a04f93e4dfb0
3. Rewards change 65/30/5

Masternode operators: 65%
Stakers: 30%
Dev Fund: 5%

porposal - https://bit.ly/2H23b74
hash - 6d171db70bf34a1e4fa07e5aa5bcb9857b5cf724518873ea2407c068b8bbce6d

4. Rewards change 70/25/5

Masternode operators: 70%
Stakers: 25%
Dev Fund: 5%

proposal -  https://bit.ly/2WpTeWb
hash - 695add2d9900ad9b0547d04d159a50291223649afd322857d32e29edc53314f5

Hi!

The number of masternodes is steadily growing... price stabilizing around 50 sats...

faetos making progress every day on the maxnodes

Everything looks pretty nice! :)

And this is still under the radar... when a bigger investor spots this project, lots of people will regret not getting in before

This is a gem. When the next update with maxnodes comes, the price have to go up and people will have to pay a lot more for it.
There arent even 2 maxnodes available on Crex24 atm, so anyone who wants one should start to accumulate very soon.
Timing is everything in crypto, and it seems now we are on the brink of a new epic bullrun. Will alts follow bitcoin? These good ones will, cause publicity and fomo comes and people look deeper this time to not get rekt like 2018

When the usecase is developed and set in motion, it's just a matter of time before the real adoption starts.

This dev seems to know what he is doing, and people look at that github, it's on fire!

This is the real Lytix ANN - ignore that Scammer that launched the other thread

Hey, my wallet started crashing yesterday

this is the end of my log:


any hint on what is happening?

I'm on 1.7.4
is that ok or this can be the cause of problem?

thx!

Hi! try to update to 1.7.5 maybe?

if this doesn't solve the issue, delete all blocks and resync from scratch

thanks, will try.
do we have an updated bootstrap for faster sync?

and is there a script now for easy masternode update?

https://github.com/LytixChain/lytix/releases/tag/v1.7.5b

bootstrap.dat has the absolute latest blocks. The easiest way to upgrade a masternode (guessing it is Linux):

lytix-cli stop
wget https://github.com/LytixChain/lytix/releases/download/v1.7.5b/lytix-1.7.5-x86_64-linux-gnu.tar.gz
tar zxvf lytix-1.7.5-x86_64-linux-gnu.tar.gz
cd lytix-1.7.5
sudo cp -r * /usr/local
lytixd

I'm guessing you already have daemon=1 listed in your lytix.conf

I ended up deleting the block and 1.7.4 and syncinc from scratch and it got back working.
will update on next mandatory.

but thank you so much for the easy setup list!

yup, syncing from scratch doesn't take too long yet...

I'm working on the last lines of an easy-quick masternodes setup&manager&update script, will keep you posted when I'm done!
For now it's just masternode setup&management but you still can give it a try:

https://github.com/tybiboune/Lytix/

Please bear in mind that you'll need to have a few ipv6 ips setup on your host if you want to host multiple MN on the same ubuntu server.

I'm trying to figure out a way to do it from the script, but many hosts have very different configs so the required files are not always in the same place, and the ipv6 config isn't always written the same way either...

Maxnodes are working in testnet. I have some work to do on the rewards, but they are up and running without issue. Kinda sorta a really big deal.

Who's the boss now?? :D

Congratulations, another big achievement from a very respected and devoted Dev!

The word is out, new daily discord members is increasing... all this hard work is showing first rewards.

In the middle of a gazillion useless crypto projects, I feel proud to be a part of this one.

Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.

awesome news!
any estimated date for maxnodes launch?
really looking forward!

Please report how the mix of stakers+ masternodes works.

so far the community has decided to set the rewards mix as the following:

Common reward = 30 LYTX

70% Masternodes = 21 LYTX
25% Stakers = 5.5 LYTX
5% Dev fund = 1.5 LYTX

Maxnodes will be on their own payment schedule and as yet to be determined per level. It may be 1-5x the common reward, but we're debating that as well to not run out of coins in a very short time.

We're also debating reducing the reward as well. The discussion on discord is good, so please join us there for more in depth discussion.

---

There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well.

thank you so much for the updates and for working so hard!
I wish allcrypto projects did so well as Lytix on communication!

thanks, I get complaints that I am not doing enough in that space. I do update on twitter as well with the latest advancements on maxnodes, but some folks would prefer I take selfies and stuff. I think development is a better use of my time and yours :)

---

The real heavy lifting is done. We're debating how all the rewards are going to work out now with masternodes, maxnodes, and stakers on Discord. I'd love for you to join us there in the #rewards_n_stuff channel: https://discord.gg/BDDgUqG (https://discord.gg/BDDgUqG)

---

Medium article covering our initial intentions on the maxnode system: https://medium.com/@faetoslytix/lytix-maxnode-ecosystem-5dfea7589b55?source=friends_link&sk=5d3aabd50e1888338814f381bd19b6aa

---

Testnet is open and if you want to play with maxnodes and help us hunt bugs please join us. Latest test release is here: https://github.com/LytixChain/lytix/releases/tag/v2.0 … If you find some bugs please post them in our #bugs channel . Thank you for helping out.

---

We are now on altmarkets.io!

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

LYTIX LYTX is live at Altmarkets

https://i.imgur.com/9OQajJ4.gif

Markets:

https://altmarkets.io/trading/lytxbtc
https://altmarkets.io/trading/lytxdoge

awesome!
any bigger exchanges on the plans?

bittrex

oooh, amazing!
this can definitely be a great addition to the project!

New medium article on how our community is working and how we are a real model for a community run coin: https://medium.com/@faetoslytix/community-first-community-run-true-decentralized-crypto-governance-cdd31c41e803

You'll find a proposal sitting in the proposals tab in your wallet ready for voting. It is concerning the changes to rewards, block time and the percentages. It is what is described above and is called "maxnode_changes." If you are a masternode owner please vote. Thanks!

...and if you're not, get some LYTX while they're cheap and put some masternodes up! ;)

great job faetos, as usual

i got some weird messages from the mod saying I was trying to bump this or posting multiple times - anyway. So, I'll do my best  to keep you all informed, but most of my posts here were deleted by a mod. If you need better info then join us on discord or telegram. I'll refrain from using this forum in the future.

Is this a rumor or is there real information behind this statement?
I think if this news about bittrex is true, i can buy a little.
But so far no real mention of this has been seen.

No, it';s not rumor. It is a business goal of ours. I wanted to get maxnodes completed and launched and then focus on the business parts required for a bittrex listing. The requirements are a bit steep, but doable. Once I get the LLC filed, I'll need to get legal memos in the US and in Malta certifying we're not a security. Only thing holding me back is just money to get it done. Once I get the LLC filed then I'll get the process started for the commercial account and then move on to listing. I'd expect this will take 3-6 weeks, but I am not sure.

awesome news!
hope it can really come true!

they're also charging a listing fee nowadays?

nope it's free, they just require a LOT of docs to be filled, and filling some of those docs will require some expert validation (which costs money ;) )

I'm probably going to release v2.0 next week. Maxnodes will be live by Friday. I have some clean up to do to get it ready and push binarires out.
API work is still ongoing. I will push out another release when that is complete and the only folks that need to upgrade will be maxnode owners and folks that want to use the API in the client
it will also have the changes in that you all have voted for and have passed

Some nice whales are playing with the price on Crex these days...

Sometimes gives an unpleasant roller-coaster effect, but overall it's a pretty good sign  ;D

+ the discord community is growing nicely (and in a natural way!)

All signs of good health for an amazing project

any info on how long crex keep orders open?

They keep them open as long as you leave them ;) Unless they "reboot" their system (which happens now and then... very disturbing, when you see the website go offline, then online again, and all the order books are empty ;) then you see some interesting trades being made, last time it happened one trader sold 1 Lytx for 0.9 BTC...! That's one expensive LYTX! :D )

Version 2.0.0 is now available to download and upgrade. https://github.com/LytixChain/lytix/releases/tag/v2.0.0

Congrats for the release faetos!! That was hard work :)

So now, is there a delay before the actual MAXnodes activation in the network?
+ the rewards split change I suppose?

Or everything will happen at once?

Can we already activate MAXnodes (even if they don't receive rewards yet)? by sending the collateral?

Upgrade by Saturday, because we'll be sending a farewell to 1.7.x

https://cdn.discordapp.com/attachments/515742167944396830/593054319323119625/unknown.png
Lytix nodes updates on MNROI!
https://www.mnroi.info/coin/LYTX-MASTERNODES
https://www.mnroi.info/coin/LYTX-Maxnodes

Watch out for the best deal ever =)

MAXnodes online, rewards splitt change, rewards decrease down to 15... The true holders will be delighted!
The dumpers and haters will probably just...regret :D

Maxnodes are coming online.
Supply is getting locked up.
Rewards are dropping.

It's about to be much harder to get LYTX.

515 Masternodes at 5,000 LYTX = 2,575,000
11 Maxnodes at 100,000 LYTX = 1,100,000
Total LYTX Locked up right now = 3,675,000

That's over 1/3 of the circulating supply locked up and off the market.

Anyone on the fence about buying into this coin should do some serious research and soul searching.
You might be missing out

Upgrade to 2.0.0 people - I'm ready to shut the door on 1.7.x. It may happen before Saturday

I wanted to say thank you for everyone that has been with us from the beginning and those that have joined us along the way. We’re now in the Maxnodes era. It’s been a long journey and we still have a long way to go. Today truly is a great day with many more good days to follow.

ended up in a fork, updated client and deleted all blocks, resyncing now.

everything seems fine besides my staking
seems like staking doesn't turn on on the new version.
any idea why?

https://github.com/LytixChain/lytix/releases/tag/v2.0.1

upgrade to that - I have disabled maxsync for staking. If you stake you will need that patched release. You don't need it for masternodes or maxnodes.

will definitely check, thanks a lot!
any plans on adding LYTX to one-click masternode setups?

-- trying to setup a new node as well but always get in trouble with my limited linux skills
what should I do to remove old version of lytx from a server? when I do a lytx-cli getinfo it returns me version 1070300
thank you so much!

I'll add it to the roadmap. I would like to make it as easy as possible for folks to install maxnodes and masternodes.

We are also now an official Non-Profit organization. I'm in the process of requesting the corporate account from Bittrex which is a step in getting us listed with them.

Corp account requested at Bittrex for the Foundation. I'll keep you posted on how it goes. Once that goes through then I'll submit a listing request. We will need legal memos in the US and Malta. That might be costly.

just curious here:
maxnodes have lower rewards than masternodes?
shouldn't it be opposite?

Avg. MN Payment:
6.80 hours
Avg. MAX Payment:
0.34 hours

you get paid more frequently because there will always be very few. this will be one of many types of compensations for maxnodes

That's a very good question, as at first sight, it looks like masternodes are favoured over MAXnodes.

But as faetos mentioned, the payments are much more frequent for MAXnodes as for now, and it should stay that way because there are much more masternodes in the network than MAXnodes ;)

+ the rewards will also include API access fees share when the API is added and used by clients

BIG Up to FDR for helping us with the Dextro listing! It's heartwarming to see that some project leaders are willing to build a nice global community instead of stepping on each other!! Go French Digital Reserve!

Please note: Rewards will halve at block 300,000 and drop again at 350,000:

300,000 - 15 LYTX rewards - 3.75 staker, 6 masternode, 4.5 maxnode, 0.75 dev fee
350,000 - 10 LYTX rewards - 2.5 staker, 4 masternode, 3 maxnode, 0.5 dev fee

next drop at 700,000

The crypto sphere should not be a place for war. At least that was most probably not the intention of BTC creator.

Nice to know that some of those crypto leaders are carrying the peace & mutual support flag, instead of the so frequent FUD creating and free bashing...

so LYTX is getting more scarce!
any news about bittrex plans?

I'm on block 340244 and blockchain shows 340276
any chance I'm on a fork?

my wallet seems ok but I'm only receiving maxnode payments, stakes seems to go all missing.

we're on v2.0.2 right?

There have been some chain issues over the past few weeks. The explorers are on the right chain: http://explorer.lytixchain.org. If you find that you're off then you can follow this guide in the interim until we find a more permanent fix: https://github.com/LytixChain/lytix/wiki/Forked-rebuild.

If you are not on the right chain then, you'll just be wasting resources and all of your gains will end up as conflicted. Best to get on the right chain as soon as possible.

weird, now I'm not that sure since my wallet is on 343323 and explorer is on 342321
could it be lagging a bit?

explorer updates every minute and can be off by 2-3 at times

it's a cron job that runs every minute updating the blocks to a mongodb

Before I invest anything, I would like to know who the owners are. You got real names guys?

There is a new release available and it is OPTIONAL. It may help if you are having chain issues. There are some bug fixes and improvements: https://github.com/LytixChain/lytix/releases/tag/v2.0.3

Lytix has now a solid foundation.

It's not completely stable yet though, as some holders are still having chain split issues, but we're getting very close to a very stable base with masternodes & maxnodes working nicely.

We are now thinking about marketing / street marketing operations, to spread the news and get more people involved, as when the API is fully developed the market will have to follow!

In the meantime, if anyone has nice ideas about marketing ops (with low budget, but great ideas don't always necessitate big money ;) ), feel free to get us inspired!

So join now or regret later!

Alot of coins struggle nowadays because of btc gaining momentum.
And people kind of forget about the whole blockchain tech right now.
But alt season will come, and it will bring investors interested in projects with a use case that is actually adoptable and useful.

Lytix is one of those coins, and now going under the radar because it's a new coin still in development. It's very much underpriced, and i think in the future it's gonna be expensive to buy a full maxnode.

With the chain getting stable, rewards decreased and good holders, the demand will be bigger than the supply in the future.
After api development and Bittrex listing, this will go only one way, and that is up!
And with the dev working so so hard, and with the help of a great community the future is bright

Proud holder

Response on Bittrex listing:

(Bittrex Support)

Aug 21, 15:24 PDT

Hi ,

Thank you for the interest in listing your digital token on the Bittrex Exchange. At this time, Bittrex has decided not to move forward with listing your token on the Exchange. Given the number of tokens submitted for listing and the nature of our decision-making process, we cannot provide additional information regarding our decision.
Best Regards,

@ Bittrex

Thanks for the heads up faetos!

I can imagine why they would refuse... no real product is out yet. But it was worth trying, for sure!

Lytix is in their scope now.

Next time you'll come up to them with a more solid file and developed community, they will pay attention ;)

There's no wonder this days, they say that they support little projects to grow up, but they disqualify exactly this kind of projects.

Ofcourse, they have a team to decide, nothing wrong with that, but we selected this exchange exactly for their name as a trustable name, to show that Lytix is a little project, but with a legit team who wants to be listed on a trusted exchange.

We didn't selected the exchange for the volume or for another things, right now Bittrex adjusted volume is only 24,242,199$ and place 72, even YoBit is on 70 ,which is kinda sad if you ask me.

Wow, that's a drop. We did get some good news. It looks like we're going to be on Coin Market Cap soon. https://coinmarketcap.com/currencies/lytix/ They are still working on it, but showing up on the site is encouraging :)

It's hard to believe this days which are the trusted source, everyone is accused of trading manipulation .... Binance, Bittrex starts loosing credibility, not to mention that there are hundreds of exchanges which battle for volume to attract new buyers, honestly I would love to see more DEX integrated into wallets with FIAT pay possibility, so they are ruled out of this bad practices and companies who created the cryptocurrencies to start winning instead of them, this middle-mans are like banks, crypto should never be like this, otherwise what's the difference between the old system and the new one.

白皮書用中文 http://www.lytixchain.org/downloads/Lytix_Whitepaper_v1_3_CN.pdf

Binance is DEFINITELY losing credibility... I know it's not relevant here, but there's an "UDAP" project recently listed on Binance with the "UPX" ticker, while another project called uPlexa had been existing already with the same -logical- ticker UPX. uPlexa Team reporting about the issue, lots of community members complaining about that, Binance officially doesn't give a damn.

That's how "serious" we are getting now with the big/reputable exchanges...

Maybe the best thing would be having an own exchange. And only accept fiat. I have for a long time been critical to the way it works today.
If a serious company want to adopt blockchain and use let's say Lytix
They now have to buy the extremely unpredictable, don Corleone of crypto, BTC first. Btc does not have a good reputation in banking and other serious departments.
Then they'll have to use a crypto exchange to get hold of the product they want to buy. And crypto exchanges have a rumour worse than anything.

I just don't see it happening. The way to get hold of their product needs to be changed. It's only a matter of time.
Before that happens cryptocurrencies can't be world wide adopted and mainstream.

What do you guys think?

I agree with you there. Having a coin and then trading in another coin is doing a disservice to your own creation. a DEX should be in our future. FIAT DEX.

Funny thing how it works in this weird cryptoworld, I just saw a new copy paste project(a pivx fork) on crex24 with the highest volume traded, with 6 commits only (almost all non-related to code), their wallet still have some pivx icons not even changed  :D

Also the site is how it is and people buy like crazies,with no questions related to development and product.

The thing is the following, I have nothing against the developer who uses this fork ... but I have with people who didn't learned from past mistakes, how on earth you buy a coin which clearly shows that is not even polished, still with elements from the original pivx wallet not even changed and you don't ask yourself about it, if it's a genuine project or a scam?

Lytix is also a pivx fork but with serious development, 721 commits and a serious product in development, but with almost no support for paying services, exchanges listing .. no matter what we proposed and achieved, it's fucking insane in comparison with what others provide and they trade their coins at 10000-20000 sats and we barely situate above 35 sats?

I don't know what else to say, I'm perplexed.

The more you survive in this crypto world, the more you start considering it a "big charade"... The thriving projects are those who have nothing to offer and they are 100% rolling on pure "hype", no real development, no real product or use case (not even a plan to put up one)...

Those coins with crazy volumes are most probably some wash trading bots and/or the project owner injecting money, buying his own coin to make some volume and gain visibility.

Just one of the numerous shady things that are done... The bear markets are only hurting valuable projects, actually, as people take their money off those projects to throw it into those overhyped things.

But in the end we know who really wins... it's a matter of keeping your head up and your goals in mind.

Exactly, obviously you can do washed trading if you had money from scammy ICO or sold masternodes with 20k-30k in advance, you have money to pay services and make it look the biggest and promissing project ;D , but like I said, people don't learn from past, are lured by this ingenious scammers and when they realise is too late, well ... we all know the outcomes, the consequnces, sometimes tragic ones.

Rarely, you see a person ask in chat groups about the whitepaper and project purpose or technical goals that team what to achieve and currently working, good sense questions after all ..... only what price it's, if it's minable, on what exchanges is selling listed.

Seriously, that's all what blockchain is, gambling and speculations about cryptocurrency value?

Yeah i think thats what it has become. And i go nagging about the exchange stuff once again. Because crypto investors you chat with and see on Discord, Telegram etc, is not the people that will make use of the use-cases of the crypto projects. I mean the people seriously interested in utilizing blockchain go to expos, they have physical meetings and interacts directly with the developer to make them build the product they NEED.
And as long as they need to log on to Crex, cb, mercatox, even binance they won't go near it.
Direct selling of the product will save crypto projects in the future. For now, we will have to accept that, and hope there are some of us who believe that will happen, and hodl on.
Lytix is one of those coins i'm holding on to, until the day comes when it's fully developed and the world will adopt it. Until then it's all about hype.

Good point there, but I would more precisely say that for now it's about hype, as no "real" product is out yet, but it's also a lot about a hard working Team, regular github updates, a nice helpful and growing community, and more and more holders who are usually very picky about the coins they're supporting. All pretty good signs for the future, but of course what will make the difference is the product (and the clients!!)

You have a very strong point when you say that physical presence and interaction is needed, and I know that it's in the plans, but only once a product is available and working.

In the meantime...believe and HOLD :)

Akshay Nexus helped us get an upgraded DNS Seeder in place. I highly encourage any coins to use it: https://github.com/akshaynexus/dnsseeder

hey folks, I've been running on the  wrong chain fora while, how to get back to the correct chain?
already tried to use the bootstrap and it didn't work.
I'm on v2.0.2

https://lytix-chain-foundation.gitbook.io/docs/

https://lytix-chain-foundation.gitbook.io/docs/

how to reload new wallet 1.7.5 to 2.0.3 please help me

To go from 1.7.5 to 2.0.3 it'd be best to follow the "Another Method" at this page https://lytix-chain-foundation.gitbook.io/docs/

1.7.5's been dead and banned since May.

need run old wallet after  follow the "Another Method" or need to load 2.0.3 wallet?

you put your old wallet.dat in the new wallet (2.0.3) and run 2.0.3. 1.7.5 is dead. Don't try to run that anymore

LYTX coin accepted in the new Xavender Coin Rafle!!!

Join this great competition, it's all for a good cause, and there are great prizes to win :

D3 ASIC Bitmain Miner, Packard Bell Tablet, Seagate 1 TB External Hard Drive, Android TV Box...

check the discord for more info : https://discord.gg/hqGHfeh
#offtopic

Be aware of SCAM.
Admins in Discord channel are scammers!
user FarMoh #1922 511226776073273357 ( admin in discord) just scammed me with exchange of coins. Main admin(FarMoh #1922 511226776073273357)got transfer for exchange and deleted all posts in conversation after

They kicking off users who are trying to find a way to solve scam issues!

Main admin -feotos just wrote message inside discord that he is not able to continue to work on project.
Don't you find it strange?
Just after  I was scammed.
He used another account to scam me as it was main admin ID(511226776073273357) same for DM, team in Discord and in other Channel (tybiboune can confirm)

SCAM!!!

We had some one that was faking userIDs which is common in Discord, but I saw in the audit logs that the same user had deleted several comments in scammers and banned several people. That user's account has been removed as an admin. Someone also was posting as me and tried scamming some folks out of coins.

I wanted to let all of you know some stuff going on in my life which is impacting me and my involvement in this project. I have to spend a lot more time at doctors and treatment for my son that still doesn't talk or eat (drinks pediasure to stay alive.) That's taking a lot more of my time which leaves little time to devote to this project. I'm not sure when he will get better, but hopefully the treatments and therapy sessions will help.

The other shoe that dropped for me was that my employer found this project to be a conflict of interest in my current job and told me to cease and desist my involvement with it. Unfortunately, to keep food on our table and keep my son alive I will have to stop working on this and hand it over to the community. I'm attempting to find folks to run different things (some of which has already backfired today) so the project can continue and eventually thrive.

There a list of items that I need to hand over, so possibly someone can own different things. I'll outline them here so you all can help run them and keep the project going.
1. domain name lytixchain.org
2. webserver
3. explorer
4. DNS nodes
5. Crex relationship
6. Twitter
7. Medium
8. Youtube
9. Discord

The domain name lytixchain.org expires on 11/6/2019. I won't be able to renew it.

Sorry to hear about your son and I understand the importance of spending time with him and making sure he gets better. You have put in a quite a bit of work into development and the community is pretty awesome for the most part. This could be a good opportunity for a developer or group of developers to take over a project that is listed on an exchange and has an existing community involved with it.

+1 about the community... most people there are very much involved and supportive and lots of work has been put into this.

But taking over is also a lot of work, so... whoever has the guts, feel free to knock at the door! :)

this is the only things left:

1. domain name lytixchain.org
2. webserver
3. explorer
4. DNS nodes
5. Crex relationship

Other folks have picked up the social medium parts - thank you

Do we have an updated on how this is being handled?
Saw a post on discord saying that Crex relationship was already handled.
Do you plan on posting the names of the people who got the other functions as well?

best wishes for you and your family.

SenaiaToday at 1:33 PM
Hello @everyone,

My name is Badwan and I'm 39 years old. I have been working in the hosting business for years "https://www.hostpuma.com/" and I'm also working on a new blockchain project.

I will takeover the project hosting and development, although I hate that term "takeover" and prefer to say im here to join the project community and help move it foward.

Although im not a developer myself, I already have a developer that we can call if we need help. @faetos has the blockchain updated with no critical issues so the need for a developer is not critical at this moment.

The domain name and network hosting are no longer an issue and will be taken care of in the next 48 hours. New dedicated server will be deployed to host the coin network and website, @faetos will do the transfer so everything goes as smooth as possible.

I hold no lytix coins or any masternodes, with this being said. You don't need to worry about me coming here to bump or dump anything. This is your coin, your investment, your money. I'm here to keep it running and get its value back up.

I can't address/answer everything with one post/announcement, so lets take things step by step and begin solving the issues we have one by one.

One last thing I would like to say is, I saw some discussion regarding "swap" to a new blockchain. Our blockchain is working like a charm without inflation, so there will be no swap or new blockchain!

That's all for now, thank you all for reading.

There will most likely be a new ANN by Senaia. That BCT ANN isn't something I can hand off. Everything else is now in his hands. Once he owns DNS then all of it will be completed. There is more information on discord.

Hello all,

I'm glad to join LytixChain community and will do my best to support it and improve it. I see faetos has posted my discord announcement here, so you all  know already that I will be working on LytixChain project.

We have deployed a new dedicated server to host the website and explorer, the packages have been installed, files moved and settings are done. Few tweaks will be done tomorrow and then we will switch the DNS records to the new IP.

The price on crex24 went up from 2 sat to 7 sat in the past 24 hours, people are buying while its cheap which is nice and helping. We expect the price to keep recovering slowly, because those who wanted to dump and get out already did, and we also have new buyers coming to invest.

By the way, the old invite link for discord is expired, here is a new one: https://discord.gg/kQWdPh7

Please join our discord channel to stay updated, I will also do my best to post new updates here as well.

Thank you.

great news, welcome to the project Senaia!
Hope we grow stronger each day!

it's real that there's no need for a swap since blockchain is working like a charm :)

I also think there's not really a need for a new ANN since it's fine to keep on from here but if you end up creating a new one please remember to post a link here and lock this one.

best wishes for LYTX.

The LYTX price is slowly picking up in crex. I thought when they hit 2-3 sats, they will be dead soon. But seems that the dev has the motivation to keep up this project. It is a long way to go to reach the 100 sat level but I hope the team will not falter their drive to continue the LYTX developments.

Awesome news, it sounds like you found someone who is in a good position to take the lead on this project and help it stay on track or at least afloat into the future. The fact that Senaia is also in the hosting business and will host the project is pretty amazing as well.

Thank you all for the kind words.

Project development will continue for sure but in a new direction/whitepaper. I'm not in a hurry to post the plan in public, until I get approval from the team & community. I'm also not in a hurry to start a new ANN topic, but we will need one if my new direction gets the blessing of the team/community.

By the way, I'm offering free masternode hosting for 3 months, to all new investors who want to own/start LYTIX masternode/maxnode. Contact me on Discord if you need this new service.

New ANN has been posted but not showing yet. Maybe it needs an approval from the moderators before it show's up.

New ANN: https://bitcointalk.org/index.php?topic=5192774

Thank You.

can we ask faetos do lock this topic and update the main post with the new ANN one?

at least for organization and to avoid members to keep posting here.

I was against creating a new ann because it's not necessarry and can be confusing, but that's ok
please, remember to contactcoinmarketcap and other listing websites to ask them to update the links for anns on LYTX page.
this is REALLY important.

I agree, this post should be locked and also have the OP updated. In addition to updating the OP the last post in the thread should be from faetos or Senaia with a link to the new thread and reasons for the move. This will allow new people looking directly at the last post to get up to speed on the history of this project.

I updated the OP pointing to the new ANN: https://bitcointalk.org/index.php?topic=5192774

I'll see if I can lock the thread

edit: I asked Welsh if there is a way to lock or archive the thread. I don't see an option to do so.