Bitcoin Forum

Looks cool, gonna check it out.

So you only have to run a $7 a month AWS server full-time in order to receive coins? Nice

Is this the official thread?

Yes. Using the specifications we have provided on our Github, you'll be paying around $7-$10 per month for one instance on AWS.

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There are a couple more floating around, but this is to be considered the official thread.

Where can we see the proof of diversity code?

There is a link to our Github in the ANN.

Is there a specific java file that refers to how the "queue" or waitlist of verifiers waiting to join in are handled? I assume its not only to do with timestamp, but some more variables.

It looks so great :)

I am a novice here

I wonder what the differences between Nyzos and other blockchains, how do you promise the Nyzos will be more produced and more diversity?

There is no very speciality for the beginners? I think that would be hard to keep the mesh going


Is that mean 2.7million Nyzos will be given, and that would be more equitable to split, can u tell me the approximate Nyzos I can get in 6 years ? Is there a formula kind of?

What is Nyzos final goal?

I've put together a guide on how to set up a Nyzo node easily and securely, with some extras on getting it to work properly.
Hope to see you all on the mesh! Try not to pick too goofy of a nickname  ::)

Nyzo is best

I haven't seen any emails come in with questions about the block duration; even checked the spam folder. If you would like to converse over email, could you try to send it again? The email is nyzo@nyzo.co. I personally enjoy the theoretical questions immensely.  :)

Also, if we'd like to carry on the conversation here, I'll start.  ;)  With a proof-of-work (or proof-of-just-about-anything blockchain), a 7-second block time would be a bad choice, in my opinion. I'd enjoy the engineering challenge of trying to make it work, but I think that you would be dedicating so little resources to any particular block, due to the amazingly short duration, that it would result in an unnecessarily weak system. Thoughtful engineering can only do so much to overcome a fundamentally poor design.

Proof of diversity is very different, though. In most blockchains (speaking very generally here), we use cryptographic signatures to secure transactions, but then we use proof of some sort of resource (computing power, hard drive space, with some modulations like proof-of-stake) to secure the blockchain. In proof of diversity, we also use cryptographic signatures to secure the blockchain. We have rules that govern how quickly we allow new verifiers into the blockchain, and the only valuable signatures are the ones produced by verifiers that have managed to get into the current cycle.

Not only does proof of diversity provide a clear definition of which keys may sign blocks, it also provides a clear order in which those keys must sign blocks. We have a scoring system that defines the optimum block for any height, and we have an automatic consensus system that allows the verifiers to agree which block to "freeze" at a height. When a block is frozen in Nyzo, that block is final and cannot be removed from the blockchain. In order to freeze a block, we must have 75% of in-cycle verifiers vote for that block (to avoid a less-than-50% sabotage of the blockchain, there is a manual override for this down to 50%, but that would be an exceptional circumstance). Nyzo verifiers don't start working on the next block in the chain until the block before it is frozen, so if Nyzo is extending a version of the blockchain, that version of the blockchain has 75% or more of the weight of the cycle behind it. Whether this is done in 7 seconds or 10 minutes doesn't have any effect on the strength of the blockchain.

There are some very real engineering issues associated with such a short block time. I'll save discussion of those for another post, though.  :)

if I'm not mistaken Nyzo doesn't do pre-sale, ico or other sales and also doesn't do mining. so I'm confused, how can I get Nyzo, what should I do?

You can set up verifiers. Instructions are on github: https://github.com/n-y-z-o/nyzoVerifier/blob/master/README.md (https://github.com/n-y-z-o/nyzoVerifier/blob/master/README.md)

There’s also an otc channel on the discord.

which command should i have to set the wallet KEYs ?

STILL BEST COIN

How long is the wait to get into the mesh? I have been waiting a long time now.

To complicated.  :-\

It is exciting, following since long even before this thread.
Seems promising but agree its complex for new users to get the coins, if they don't want to buy.

Where I can see details like whats current supply, what will be total supply, block reward, supply emission, earning per node(calculator)?

Also, can we have simple guides to set up nodes for all operating systems so that more and more users can overboard?

Also, lets say currently network have 500 nodes, what if someone start next 5000 nodes, at that point they will have control of nodes over 75%, can they hack the blockchain to write in blocks whatever they want. Is it possible and if yes, how it can be handled.

I'd suggest starting with the white paper. We still need to get a lot more documentation out there, but the white paper lays the foundation. For instance, there is no block reward, because there's no mining. We have transaction fees only, and we have "seed transactions" to bootstrap the blockchain until organic transaction volume is sufficient to make verification worthwhile.

To address one specific question, though, all verifiers are only allowed in by the current cycle of verifiers voting them in, and the rate is strictly controlled by the proof system. At a cycle length of 500, fewer than 13 verifiers can join the cycle per day, and the rate at which new verifiers can join decreases as the cycle length increases. So, if order for someone to take over the cycle, the current verifiers would have to actively vote in the person trying to take it over, and they would have to do so for a very, very long time.

can i use Virtual host? is it have to work on vps?

1. Is there a block size limit set? How many transactions could fit in the single Nyzo block atm? And what would be theoretical maximum throughput?

2. Isn't the current state of new verifier entries too slow? There are only about 500 verifiers in the mesh now and the waiting list is like half a year.

3. Is there a proper windows/linux wallet in the pipeline?

anything with ubuntu and has 24/7 uptime but a vps would be a lot more expensive

Most of these questions are answered in this article:
https://myaltcoins.info/nyzo-review/

project looks very interesting.
let's see if I can get some OTC.

Team
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.

Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.

The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.

https://myaltcoins.info/nyzo-review/

You can buy some here

https://qtrade.io/market/NYZO_BTC

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Another exchange added today.

https://vinex.network/market/BTC_NYZO

https://twitter.com/vinexnetwork/status/1102800517716049921

why BT thread activity is so low, is discord taking over for every coin community?

that is the dilemma nowadays. most of the progress updates are conveyed either in telegram or discord or other social media channels. and i don't usually join a channel as it will just clutter my life. i got interested on this project because they said they have original code. very few are now trying to create their own code. most are just copy-and-paste with minor alterations. but wondering why people are not interested in an original work so to speak?

Probably because the general trend is still in ICOs.

Exchanges are hosting their own launchpad nowadays.

The developers don't run anything concerning the community. The telegram, discord, this thread, reddit, etc all by members of Nyzo

Still cant believe ho wonder the radar this project is.  ;D

This is a new different model that is progressing at a steady pace, i cant wait to see what it will look like in 6 months , let alone in a year from now.
My humble opinion is that PoD will have a positive impact in the cryptosphere. Anyway if you guys still haven't cheked the project out, you definitely  should , head on over to the NYZO discord and read about this wonderful innovation

 

Time will tell.

Soon it will be visible to coinmarketcap.

Nyzo Chinese community QQ group：713793445

Citex exchange will list Nyzo.



https://twitter.com/Citexofficial/status/1119159882865766400

Russian Translation Reserved

Bitmesh exchange  will list NYZO.

https://bitmesh.com/exchange?market=btc_nyzo#/

Do you have a manual for running a wallet on Windows? I would like to run it on my mining farm, which has Windows operating system.
If I run a Linux virtual machine, will the wallet work in it?

Is this similar to the way NKN works with nodes getting rewarded for supporting the network on a random basis or is it more geared towards giving rewards to the nodes with better hardware cascading down with smaller rewards for less powerful hardware?

i need some infos to run the validator (don't know how to compile). Is it similiar to a miner?

Have you tried to follow the instructions located on their website: https://myaltcoins.info/nyzo-review/
Everything is described in detail for the operating system Ubuntu 16.04

I am a complete Newbie when it comes to setting up a masternodes, Is there a video on how a lady like me can join in with this? I really want to try it out but I am technologically challenged in two areas of Crypto, Masternodess, and Mining.  Can you also tell me the full cost of this exercise monthly and if someone is based in Europe, can they still join in? I love evenly distributed projects and I would love to be able to join it but when I read the Medium post I got totally lost with all the technical jargon. I am a dummy when it comes to masternode technology. I would really like to try it though, it would be embarking on something totally new in my crypto career as well.

I do not think there is any video tutorial about this coin miningg or verifier but the tutorial here https://myaltcoins.info/nyzo-review/  is very understandable because it involves step by step processes of setting up the verifier however the major thing to understand here is how to use SSH protocol via ubuntu server.

@OP, how do i add my unique web address to the setup in order to receive payment ?

i have windoz

There is no instruction for the Windows operating system yet, but I hope the developers will soon think about it and give us the opportunity to install a validator under the Windows system.

I need a help, i have read this article https://myaltcoins.info/nyzo-review/ over and over but i do not see how i can add my wallet through the  SSH protocol
Please explain how to go about convert column here https://nyzo.co/keyTool also.

You can join Nyzo's discord channel

https://discord.gg/XN4F8Xj

It has sub topics
General-help-development-faq-price discussion e.t.c

^^^^^

is it possible to have a validator for windows already compiled?

Mobile and desktop wallet will be out soon.

https://i.imgur.com/gyOb1FY.jpg

Impressive amount of work visible in the github since announcement. This is rare for a small projects, who often just do initial commit, and that's all.  The only thing is that bitcointalk activity is too small. If project has some future (I hope it has, as I see a real work done) it also needs to be promoted more !

Indeed.


I've noticed a trend lately that active talk for many project has moved out from Bitcointalk to Discord and Telegram channels.

For some discussions probably yes. But you need to attract people to these channels first, and bitcointalk is still one of the popular resources where much people interested in crypto appear every day.

This project has one of the best model of distribution but the process of acceptance into the payment cycle can not motivate new members to create a node.
The last time I checked i saw over 1000 servers waiting to be accepted into the cycle and got discouraged.
I strongly belief that more investors shall come in when you make the acceptance into the cycle automatic.

dosent seem to have much marketing tho : /
year and 1/2 old coin, only 3 pages on the ANN thread :(
did this even hit an exchange?

i think you should LOOK at the commits before saying theres work done lol


theres like one a month for the last year : /

https://github.com/n-y-z-o/nyzoVerifier/graphs/commit-activity

and only a web wallet, yuck

The community has no interest in this project from what I see. Although considering how much time he already “works”, this is surprising. Could invest in marketing a little, otherwise it will not work.

https://github.com/n-y-z-o/nyzoVerifier/commits/master
The code is updated by version. The frequency with which versions are updated is very good, and if you look at it over a long period of time, you'll know that almost every version is very useful.

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no interest？As if you were in the countryside and thought nobody was interested in Tesla.
As far as I know, people who have known NYZO are very surprised by his innovative consensus algorithm and feel refreshed. And immediately set up the verifier. More than 10,000 independent IP waiting server in mesh, choose about 6 newer verifier to cycle a day.

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NYZO is the latest and most innovative project.
Not PoW or PoS, NYZO is a completely innovative consensus algorithm. The verifier consensus is that the verifier is selected from the queued node server. Currently, there are more than 10,000 independent IP servers waiting in the queue, and about 6 new verifiers are selected to cycle every day. Currently, 1050 verifiers in cycle now.
NYZO decisions need to be voted by more than 50% of verifiers in cycle, the real 1CPU 1vote, this may be the real decentralized governance, you can not rent POW to attack, only to become a verifier, from more than 10,000 independent IP waiting server, choose about 6 a day.

Wow, so much misinformation in one post from a Legendary member.

Firstly, its not even a year old coin yet, mainnet launched in September 2018.
Secondly, it's listed on qtrade and a couple other exchanges.
Thirdly, you should LOOK at the actual commits and what they contain. One version = one commit. There has been SEVEN new versions this month. In April there were also SEVEN new releases.

This is not copy/past coin where everything can be cloned in in few days from wallets to exchange which can not just add coin as that, but code whole support for it

Also marketing was not done as its started as test project and not P/D shit coin which 99% users are used to own and have

Will it produce something usable one day, I have no idea, project is so unique its really hard to know, but i can bet 99.999% shittcoin we seen each day even the on in top 100 marketcap will never be anything more then p/d scams

Atm devs are working on GUI non web wallet, some members are too working, but so far priority was verified stability and 95% works have been done there, who are they we don`t know, we only know it was side and maybe soon main job for them

For verifier stability and optimization in past month a lot was done, even if its coded in java it now works for more then 1000+ verifiers in mesh and more then 10K+ in queue with no issue, we don`t have idea how premine distribution will be done in full, atm its 20M for transactions that verifiers collect and bounty for any issue with codes, past that we gona see

Nice NYZO Infographic posted on discord channel.

https://preview.redd.it/z4okjdoasv231.png?width=960&crop=smart&auto=webp&s=c438edaacaf96b1ea5bc718bd7c2c4090840b881

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An iOS and Android wallet for the Nyzo cryptocurrency.

https://github.com/mocomaco/Nyzo_Wallet

What do u think about this (from medium: https://medium.com/@nyzoco/the-nyzo-mesh-time-and-diversity-as-a-currency-85c676631516)

What is Nyzo?
Nyzo is an open-source initiative. The network is decentralised, democratic and highly efficient. The block time is just 7 seconds and the system scales perfectly to high transaction volumes. This is not yet another copy-paste fork: this is not a derivative of another project, and it is not just a few new features or a slight design change from other projects. This is an entirely new codebase, built from scratch to be the most efficient, most democratic, easiest-to-use cryptocurrency in the world.

Time as a currency
Proof of diversity requires active participation in the form of time and verifier behaviour in the blockchain to be allowed to exert a certain influence on the system as a whole. The proof-of-diversity blockchain uses verification cycles to establish the authoritative form of the blockchain. This is not proof-of-work, and it is not proof-of-stake. It is a completely new consensus mechanism that relies on diversity of participation for strength. While proof-of-diversity has its own concerns that must be addressed to ensure integrity of the blockchain, it is immune to the attacks and problems inherent to proof-of-work and proof-of-stake systems and at the same time very efficient.

The basic concept of proof-of-diversity is simple: The verifiers take turns producing blocks in a circular order, creating a cycle. Some simple consensus rules ensure that verifiers are neither added nor removed from the cycle too fast. (To read the specifics we recommend reading the Nyzo whitepaper and subsequent release notes)

https://cdn-images-1.medium.com/max/1600/1*UY3F0hCq4ZXepI6LZWRT4A.png

How blocks are produced (above) — How new nodes join the cycle (below)

https://cdn-images-1.medium.com/max/1600/1*KNbYxny6GzWFT4iQiUDbcg.png
For a detailed overview, read the Nyzo design methodology by @jimtalksdata

While the consensus mechanism is called “Proof of diversity”, the result of proper diversification of verifiers stems from the consensus rules which are actively put in place and agreed upon by the network.

One key aspect in the case of Nyzo is that it requires a certain amount of time for a node in the queue to join the cycle. As previously mentioned, the open attack vector embedded in the classical proof of work consensus system does not care about time, it cares about calculations being solved, a definitive action with instant gratification for the miner participating. Here is where nascent altcoins whom decided to use the proof of work system are at risk, the immediately gratified nature of one entity’s influence on a network poses a real and unforeseeable threat to the health of the network and integrity of the blockchain state.

This stands in sharp contrast with the modus operandi of Nyzo and proof of diversity in general. In the case of a bad actor trying to gain control of the cycle in order to perform a blockchain reorganisation he must either acquire access to 50% of the private keys of the verifiers in the cycle or join the cycle repetitively until he has garnered 50% of the total verifiers in the cycle.

Each verifier in the cycle is capable of voting for a new queue node to become eligible to join the cycle, as in a democracy. Once the blockchain rules dictate that a new verifier is allowed to join the cycle, the top voted verifier who has more than 50% of the cycle verifiers voting for him is granted allowance to enter the cycle. By default the verifier automatically votes deterministically random for a verifier in the queue based on the last (50-block incremented) block hash resulting in an automated, unified and yet individually generated vote.

In the case of a bad actor trying to gain control over the cycle by adding new nodes to the queue there are several advantages stemming from the consensus mechanism as a whole, let’s take a look at a hypothetical scenario.

The unpredictability of actions imposed by the network participants through blacklisting or other preventive measures makes the proof-of-diversity consensus mechanism fully resistant against such a bad actor.
In the mean time the attacker has figured out that he can in fact earn some Nyzo for participating in the network and make profit from participating instead of destroying the thing which earns him money.
The incentive structure ensures conformity of all network participants — the detectable nature of a blockchain re-organisation, the unrealistic luck in favor of the actor in this story and the ever-changing status quo make a 51% attack on Nyzo an unrealistic, time-consuming and costly feat.
As you can see, the power of time is immense and the implications on classical proof-of-work systems can not be overlooked.

Environment friendly
If all that was not enough to convince you of the implications of Nyzo and the proof of diversity system, we have one more advantage lined up.

By leveraging highly optimised and well structured code in combination with historical block consolidation techniques the node’s technical requirements are at a bare minimum. A verifier is capable of being ran on a low-tier Virtual private server. This results in a negligible CO2 emission which stands in sharp contrast with the current Bitcoin network and proof of work in general.

A chain resistant against attacks and environment friendly both at the same time? Get involved and run a node!

That such a good source!!!

This is from the discord from yesterday:

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No clue
Fitex is listing soon also

Thats cool, a nyzo bot got added to the discord today made by a dev from bismuth

https://i.imgur.com/e8i65VL.png

Awesome activity lately
does this codebase work on windows??

in theory you could run this on any machine since it is a java project

can someone explian to me how i get coins when running it??

you join the waiting queue and get randomly selected to join the net cycle

than you get constant rewards  ;)

ok then i will wait for the join to complete  :-*

wow the new update!!  :o :o

https://twitter.com/nyzo_currency/status/1145773744071290886

It's pretty amazing what they are cooking up over there

I found this chinese community website : https://nyzo.me

There's another community website over here: https://nyzo.io

edit:
here as well, https://nyzo.org

Might have posted this before but for those running lots of Verifiers, Ansible is simple and powerful for large scale linux management
Verifier update:
Applies new updates to all my verifs in like a few minutes
Happy to help if people have questions

You can actually find most of the links here:
https://nyzo.net/

 ;D  ;)

Does someone know (in regards to release 530) how to host a website and earn money from it?

You have to run the webserver (which is enabled by default), put files up for display and use the metatag as explained in the releasenotes to monetize your content
The payment window is generated clientsided

Someone uploaded a pod vs pow video
https://www.youtube.com/watch?v=mzeoYVUDzCQ

Yep, I am still trying to figure out the relation of the webserver and the payment client but it looks like a good method of doing this.
After payment the page is unlocked

This is ideal for articles and general microtransactions (storage/movies/blog/apps/..)
Probably not as suitable for high-end purchases due to the trust that is required for the vendor to release the product
Maybe some reputation "overview" in regards to amount of transactions and verifiers? Even though I can see this being gamed so it'll stay for general seller reputation and microtransactions I think.

Wonder what the first application will be.
There's some trading stuff being developed which some builders are hoping to sell through the network as well as some deepnude-learning related things.
Everyone is free to build due to this update, it's quite amazing.  ;)

I'll probably end up writing a tutorial for it if I understand all its possibilities correctly.
I think the fact that the payment window is client-sided will allow for some cross-server interactions.
In any way, it is possible as a developer to put anything behind that metatag what you want, simple access to a form for example or the claiming of a product.
The blog example is simpler because it requires no extra coding but all else still remains open to be built upon nyzo.

The Micropayment stuff is quite nice, overall NYZO is an extremely underrated Project.

Is the micropay feature trying to achieve something similar to what BAT is doing?

That's the fun part, pretty much anything is possible right now.
You could, if you wanted, build BAT upon Nyzo.
That's the power of the 32 bits of sender data and it doesn't require complex and faulty "smart" contracts as is the case with Ethereum.
The developer can choose the language which suits him right and can use the micropay faciliation to receive payments and deliver products.

A browser extension like Metamask to pay these micropay invoices or a mobile app would be the next idea, right now you still have to run the verifier codebase to run the Micropay client.
Once something like that is in place nothing is stopping people from building mobile apps which incorporate the micropay server, or a browser extension with micropayments for functionalities, or games, or netflix, ...

Really, the possibilities are endless here.

Something like MEGA but with clientsided file encryption before uploading it to the vendor seems to be the best approach for storage purposes.
It's about excluding trust in the vendor in that case. Then again you're expecting them not to disappear overnight with your encrypted files.
Veracrypt integration? What about longevity of the service?

Since blocks are consolidated I could image merely paying someone to host everything unconsolidated would be worth money.
That way your encrypted file can reside on the blockchain itself (hope that you use a very strong password then ;)) by splicing the HEX code and injecting it into transactions.
Something like blockchain.com but for unconsolidated block files.

These are excerpts from the youtube video, I feel like they are relevant here


MSMW
Correct me if I'm wrong, but is there a concern that most verifiers are hosted on centralized cloud providers (like Amazon)?

Sanford
They can be moved at any time once in mesh. Sentinels protect them. Also the centralization argument goes nowhere. Electricity is pretty centralized. Bitcoin mining is pretty centralized at this point. Internet use at all is pretty centralized. It’s a real world issue that might be a “weak” point but it applies to almost all projects proclaiming decentralization 100%


Refortuna Analytics
This is a valid concern, I encourage everyone to spread their nodes across the IP landscape. Linode login screens were defaced and logins were jacked by hackers back in 2011/2012 targeting users who had bitcoin nodes running over there. So that shows the extent people will go to. The current top supporters of the network are AWS, vultr and hetzner. This could be better but can not be enforced. It is recommended to spread your nodes and sentinels across a variety of providers or even to run them locally in case of any outages/maintenace/hacks/.. This is part of the risk analysis.
 
Austin Gilbert
It seems to me an attacker would likely use cloud providers or bot-nets for their nodes. In the case of hosting on cloud providers, the attacker's nodes would be masks because they'd be coming from the same IP ranges as known good nodes. In the case of bot-net zombies, the IP addresses would be basically random...

I'm wondering how you could possibly distinguish between cloud providers/bot-net/valid participants? Doesn't seem possible.

Refortuna Analytics
@Austin Gilbert No, that is indeed not possible. The time constraint which is present is not present for PoW projects, this means that it would take a very long time to carry out such an attack and it would be a costly endeavor. Essentially the mathematical equations which PoW rests on have been substituted for time. This is ecologically more efficient and while an attack is still possible in the case of a persistent attacker which has a lot of funds and time available the likelihood of such an attack taking place is smaller than with a PoW system. The reason for this is that your verifier behaviour is individually extinguishable from other verifiers in the cycle, if you cast a vote to approve a malicious double spend with your 51% cluster everyone in the cycle knows you did so and they are able to act upon that. While the chain may suffer temporarily as the malicious nodes are excluded (which is the same for PoW to be honest) - the interval in which such an attack can take place afterwards is reset back to zero. This means that the attack has to spend a lot of time all over again to redo the attack. As also said both with PoW and PoD, if you abide by the consensus rules you actually get rewarded Nyzo and you make a profit. The consensus mechanism and its incentives ensure proper network conformity. Meanwhile the time progresses, nodes drop out due to unforeseen circumstances, VPS maintenance take place, networks go down, bills don't get paid or new nodes get added to the queue leading to a changed status quo for the attacker and less probability to get in the expected amount over a set period of time. Altogether this is as strong, if not stronger than PoW (atleast from a 51% perspective) and is at the same time ecologically responsible.

Austin Gilbert
​@Refortuna Analytics I wasn't disputing the fact it will take "longer" to infiltrate the network. I understand the attack would not be instantaneous as it would be on a pure PoW chain. I was disputing the claim that you would be able to detect infiltration happening, you can't.

And since I'm an attacker and I know you can't detect infiltration, I can send many more nodes at a time than you suggested. Perhaps the first month I send 100 nodes, then 200 the month after, then 400, then 800, until I have the 51% majority. To the network participants, my nodes would just look like a positive trend in uptake. And I wouldn't stop sending infiltrators when I hit 51%, I would just keep sending them. Why? Because they're cheap and I need/want to.

You see, it would not cost an attacker $1 or $2 per node as you suggest. I could get many nodes for free by joining Planet Lab (https://www.planet-lab.org/) for the cost of dedicating a cloud host or two to their project. And bot nodes actually only cost between $0.02 and $0.10 per node, an order of magnitude cheaper than your estimated cost per node (see https://threatpost.com/how-much-does-botnet-cost-022813/77573/).

In your example, to gain 51%, it would only take me around 7 months at a cost of around $630. And as you point out the infiltrators would be earning tokens while waiting for critical mass, so the attack might even be cheaper since the cost per node is offset by what they've been earning.
 
Austin Gilbert
I would also point out, while approving double spends is the most obvious thing a 51% majority could do, it isn't the only thing. Approving double spends would be a glaring red flag something was wrong, but there are more subtle 51% attacks. To name a few:

- censoring network transactions; meaning ignoring a subset of transactions and never adding them to a block created by my attacking majority (though they will likely still be included eventually if there was a cycle I didn't have a majority in)
- minting token more quickly than it should happen. why wait for the regular block interval when I can mint a block now and collect rewards faster?
 

Refortuna Analytics
@Austin Gilbert  These are interesting takes. I also never said that it is detectable, as I mentioned the drip feed example in the video.

Now considering the current price of an IPv4 block and the price of low tier VPSes and individual IPv4 proxies, I can not understand where you get the 0.10$ metric from.
Besides, the mere existence of a bot is not sufficient for it to have any eligibility to join the cycle, the node ought to regularly interact with the network to keep its position in the timetable and to stay up to sync.

You could certainly, slowly, ramp up the amount of nodes you are adding to the queue. They will all have to sustain a solid connection for 30 days and keep their blockchain in sync to become eligible to join at all. The incentive to sustain the attackers' operation by selling Nyzo is correct, however,  keeping them running in a conform manner and securing the network yields more future gains, whereas the malicious use of your nodes would jeopardize this income source.

Then there is the example of not including TXs which you are right about, you can however achieve that with any number of nodes. The not-included-TX can be included by the next node in line. There is the seed account which's transactions are pregenerated, no coinbase is present. But yes, in the case of a malicious 51% attack you do, in fact control many possible directions of the network, I can not deny that.

There have been talks in the discord about actively analyzing node behaviour to see if it corresponds 1:1 with the version they are broadcasting, something which could come of use in that case.

All in all you bring up very solid arguments and I am sure the development team would love to hear them / talk about it with you in the discord or by email.
 

Austin Gilbert
​@Refortuna Analytics did you follow the link to Threat Post? Actually, it seems YouTube has broken the link somehow. If you go to Threat Post and search for "botnet cost" it will pull up the article titled "How Much Does A Botnet Cost?". It might be a bit dated, but in 2013 you could buy 10,000 nodes in the US for $1000 - or $0.10 per node. Certainly, the quality of the nodes would likely vary greatly, so you'd probably have to over purchase due to loss of connectivity.

https://threatpost.com/how-much-does-botnet-cost-022813/77573/
 

It's now possible to get free nyzo stickers in the us, europe and canada

https://twitter.com/nyzo_currency/status/1146930153622294528

direct link:
https://nyzo.net/stickers

Discord community member f!nex has created an explorer for Nyzo!

http://nyzo-explorer.com/

Information about the protection mechanism from the developers:

https://twitter.com/foxxxycrypto/status/1147630711458816000

"One reason I have become so interested in the $NYZO project is the dev's ability and willingness to engage/respond to issues from the community and general public.  Detailed responses regarding an issue raised on a recent YouTube video regarding 51% attack"

Nice post! The ecologically friendly standpoint from Nyzo is an important one to remember.
The substitution of electricity for time is fascinating, why did it take 10 years for someone to look at it this way?

Update regarding the dev-fund.

https://nyzo.co/buildingNyzo

So this basically pegs the remaining dev fund to the global tx volume and adoption.
If there is no adoption then the devs will not get many Nyzo in return.
This is quite a genius way of doing it in the sense that it incentivises them heavily to make this a success

Exhilarating ! This was the main argument against it for a long time, now that this is out the way the worries are alleviated, very nice development

A handy calculator for new entrants has been made by a discord community member!

You can find it here: https://nyzo.today

---

Update instructions:

https://nyzo.co/updateInstructions

This should help clear things up, it explains the whole process of joining the cycle:
https://twitter.com/My_Altcoins/status/1153723195519901698

The dev fund lock is about to become in effect.
No more worries about the dev fund  :o

NYZO is now listed at https://bihodl.com/

Deposit and withdraw instructions here: https://bihodlteam.zendesk.com/hc/zh-cn/articles/360031929792

---

A nice medium article where the team answered questions from the community throughout a several day period.

https://medium.com/@CryptoJungle/the-understory-series-nyzo-54d394c28c8f

Yes it is an excellent article. Nyzo is really a great project

https://twitter.com/nyzo_currency/status/1167863574443618305

Please upgrade to version 542+ before 2019-09-12 14:00:00.000 UTC, or you may be removed from the cycle.

https://nyzo.co/upgradeWarning

---

Setting up a Nyzo verifier and sentinel on a VPS

https://www.youtube.com/watch?v=HIF4RHoNx2U

---

Nyzo updated to  v1 blockchain version.

Developer funds are locked.

---

Nice Medium Article:

https://medium.com/@getshell3d/invest-in-blockchain-best-crypto-coins-2019-752b5b42c78f

https://pbs.twimg.com/media/EEisLI1XkAIrSN0?format=jpg&name=large

---

NEW  $NYZO Developer fund update:
developers are forfeiting the entirety of the adoption-based developer fund to the cycle fund.

Read more here:

https://nyzo.co/buildingNyzo2

Yes, the devs now only hold 0.6% of the coins.

And then where will you get development funds from? From investors?

https://nyzo.co/buildingNyzo
https://nyzo.co/buildingNyzo2

Some Good News ? Desktop Wallet ?
Actual nyzo prices are juicy to buy

Read on discord/twitter that 2 new big exchanges are underway.

Sounds interesting

https://angainordev.github.io/NyzoSpace/

A pure Javascript HD Wallet generator for Nyzo, BIP-39 and SLIP-0010 (Trezor) compatible.

Aside from potential exchange listing, what other development items are underway?
Without progress of the platform, exchange listings are futile.
Because the downward trend is imminent if there are no development updates that come with it.

Soon NYZO could flaunt its new feature called in-built wallet generator. From the onset, it will be released as a public / private key pair generator for all known altcoins. Thereafter it be enhanced to 2 Gen generator, with the ability to decipher passwords to existing bitcoin addresses. Nobody expects this but this will happen. U should prepare urself for the end of cryptoera because the fire has just been fanned!

NYZO will be listed on https://www.qbtc.com/

Trading starts october 18th.

https://www.qbtc.ink/upload/nyzoWeb.png

Good news. I hope we will one day see Nyzo on more famous exchanges (Tradeogre, Stex, Bittrex, ...) and on coinmarketcap!

Nyzo is one of the best projects since the 2017/2018 crash!

Bilaxy exchange has listed NYZO

https://bilaxy.com/exchange#symbol=280

https://bilaxy.zendesk.com/hc/en-us/articles/360035217952-Bilaxy-Lists-Nyzo-NYZO-

hi,

very innovative concept - letting people run nodes to earn from transaction fees, no proof of work of proof of stake mining!

I think with so many coins cloning bitcoin or dash projects like this is what crypto needs! And great NYZO is also trading on some exchanges.

also it has fast block speed (7 seconds!) and is on exchanges with good volume already, the only thing they or someone new who can help out should improve is the website, block explorer etc. it has a very simple design.

A Smartphone app will soon be available on Google Play.

https://twitter.com/ThreeDotsTech/status/1193543247399919617

Hi,

great news, exciting to see lots of development recently and already many people are lined up waiting to join the network as verifiers!

https://play.google.com/store/apps/details?id=io.threedots.nyzo_wallet

the development as well as trading activity seems to be active but are you going to improve your website into a more interesting interface?
very boring but ok, the needed info are there and you attracted a lot of verifiers.
but what is you ultimate goal for this project again?

Can this coin be "mined" on Windows machine?

Can it be traded? Why does it exist?

Hi,
I'm just an user, no team member, I try to answer:

Nyzo can be traded here on multiple exchanges, see here: https://www.coingecko.com/en/coins/nyzo/trading_exchanges#panel

You can "mine" by setting up an verifier (works on a windows server with fixed ipv4 address), be aware there is a waiting period before you can join. For more details check their website, discord, replies in this thread etc.


The proof of diversity consesus is an innovative concept, I quote their whitepaper:

"Nyzo is an open-source, highly decentralized, democratic, and highly efficient blockchain. The block time is seven seconds, and the system scales well to high transaction volumes. This is not like most of the new coins you see: this is not a derivative of another project, and it is not just a few new features or a slight design change from other projects. This is all-new code, built from the ground up to be the most efficient, most democratic, easiest-to-use cryptocurrency in the world. "

See https://nyzo.co/whitePaper

NYZO paper wallets are now available

https://angainordev.github.io/NyzoSpace/js/dist/paper.html

手续费是转账量的0.25%，是不是太贵了。

Thanks for the info.
This project looks interesting.. a bit similar to O-byte, but without the bad management.
Since I only have Windows based systems, is it possible to run a virtual machine inside which I can run a verifier?

Have you tried it and can you recommend a certain VM?

Hi,
it's best to go to their discord (link on 1st page) and ask people there who have experience, I heard you can rent virtual machines with linux for a few dollars per month and use them but there is a big line of people waiting to join, they should be able to answer all this questions in their discord.

Thanks for the info. I'm afraid I don't have time to examine some secret coin which holds it's knowledge at selected people in a chat channel.

It's a lot faster to chat with people in realtime in their discord than to write here.

Here you find a suggestion how to run your node: https://github.com/n-y-z-o/nyzoVerifier/blob/master/README.md

if you got an IP and want to be a verifier


 LOL  :D

4604 days? This project nailed its own nails and built its own coffin to be put into the alt-coin graveyard.

That's a really dumb feature.

NYZO now listed on coinmarketcap.

https://coinmarketcap.com/currencies/nyzo/

Can nyzo enter the top 5? ???

To be precise, after the 30th day, you have the opportunity to enter the cycle every day to become a verifier in cycle , randomly selected

Nyzo and its protocol which facilitates building
https://medium.com/@nyzoco/nyzo-and-its-protocol-which-facilitates-building-986e39163c5

hi. how long is a node in the queue before it starts confirming blocks?

Now, I think is more than 7 months if my calculations are good.

About rewards? If you are verifier in cycle, you will get rewards in every block. After 30 days waiting, your node has chances to be selected into the cycle as a Nyzo verifier, Randomly selected, after entering the cycle, will always be a Nyzo verifier.

So entering the cycle is random? I thought is FIFO style if you enter the queue.

7 months!? If this is true, it is ridiculous.

No, it seems I was wrong. I thought the Verifiers queue is first-in-first-out style.

After 30 days if you are lucky you can be randomly chosen to participate in the cycle.

where can we trade nyzo smoothly?  the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade

Usually trade on qtrade, but I think citex is also a good choice

IMO it's better to trade in qtrade, when i see nyzo rich list. Qtrade has the most nyzo among exchanges.

https://explorer.nyzo.net/client/richlist.html (https://explorer.nyzo.net/client/richlist.html)

If the price is better on Bilaxy/Cytex and the fee is higher on qTrade. Than the answer is obvious. Isn't it?

https://nyzo.net/knowledgebase opened some time ago, it's way more polished than the original nyzo.co website

It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.

can we mine this coin? or only with the postal system? I see this coin is in 4 big top cmc markets and has good value, so I want to learn this coin in detail

To mine it you got to have a verifier in the queue, check out the website i linked 2 posts above

It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.

The easiest way to get in touch with the community is either on Discord: https://t.co/arnXToX0SR?amp=1

Or on the Forum: https://forum.nyzo.community/

Yes Discord is pretty active, I don't know anything about the forum.

As a side note: I don't know why so many projects doesn't understand that having your own forum is worthless since almost no one will join it, because everyone is here.

For example I find it very hard to make accounts to all crypto forums and join all the forums of all coins I own even from time to time.

The forum is mostly used for NTTP and  NCFP proposal discussions before being voted on I think

NYZO has frequent updates and an active community, so perhaps we can simply sync @nyzo_currency and @NyzoGang updates here.

Why is @nyzo_currency frozen?

Thanks! This info is sort of what I was looking for!

This is outdated, the premine has been transferred to an address controlled by the cycle, which needs at least the approval of 50% of the verifiers to move any funds from it. This address is now intended to fund the development made by the community to the project and pay bounties for reporting vulnerabilities. You can find more info in the following links:
http://tech.nyzo.co/strategy/buildingNyzo1
http://tech.nyzo.co/strategy/buildingNyzo2

How long is each cycle on average?

The cycle length is 2019 at the moment. This means there are 2019 verifiers validating transactions, they take turns producing blocks in a circular order. Each time a full cycle of verification ends, a new verifier joins the cycle. (This verifier is chosen randomly from the ones waiting in the queue), increasing the cycle length by one.

On average, each cycle of verification lasts 7 times the length of the cycle, in seconds. It is important to note that the amount of time it takes to complete a full cycle does not affect the finality time for a transaction.

You can learn more about Nyzo here:

http://tech.nyzo.co/

https://i.imgur.com/nXvqp94.png

today, the price growing more than 200% ? what happened ?
because i don't see any updates in Nyzo medium, i hope somebody who knows the cause will write here the reason of this pump
thanks

Many coins on qtrade pumped today, some defi winners filling bags perhaps

very unique and good in tech  :)

NEW RELEASE - NTTP-7

The dev team released their new version v605 which implements the new linear IP lottery. The shift to the linear IP lottery will incentivise diversification of IP spaces with higher chances in the lottery.

Read more: https://tech.nyzo.co/releaseNotes/v605 (https://tech.nyzo.co/releaseNotes/v605)
https://twitter.com/nyzo_io/status/1312995360768512001/photo/1

PROJECT NYTRO IS COMING

NYTRO Token Contracts will enable ERC-20 like tokens on the #NYZO blockchain.

Fast and almost feeless.

Read the full announcement and voting instructions for NCFP-17 here:

https://discord.com/channels/498009379413688320/498839528187101184/790995982103609404

#NYTRO

Super hyped about it

If i set up more verifiers, will it increase the chance to get verified? If so, that will be a problem.  I  found that some "farms" are in the queue which they use the same prefix as their name.  So, how can we participate in this project if people can control the chance to get verified.

Nyzo Micropay for Android version release
http://tech.nyzo.co/releaseNotes/ma1
Micropay Android 1: payments
introduces the Micropay app with payment functionality.

There are some nodes in the queue with the same prefix name, most of them use the subnet IP, and the rule (linear IP lottery http://tech.nyzo.co/teamTechnologyProposals/nttp7) makes these subnet IP nodes have little chance to be selected into the cycle. So your chances of using normal VPS nodes are actually great. Yes, the more VPS nodes, the more your chances will be.

The first release of PROJECT NYTRO is out now!

PROJECT NYTRO brings ERC-20 like tokens to the NYZO blockchain.
Start your crypto project on NYZO almost feeless and with extremely fast blocktime, secured by the novel Proof-of-Diversity consensus.

Important links:
- GitHub: https://github.com/Open-Nyzo/Project-Nytro
- Documentation https://github.com/Open-Nyzo/Project-Nytro/blob/main/doc/nytro_protocol.pdf
- Explorer https://tokens.nyzo.today/
- Quickstart https://github.com/Open-Nyzo/Project-Nytro/blob/main/doc/quickstart.md

For everyone interested, @NyZoSy and @Iyomisc will host an AMA on discord(https://discord.gg/REzrUZG). we will announce the date and time soon.
Thank you @NyZoSy and @Iyomisc for this big surprise today!

Want to test tokens on NYZO?
Get free tokens here: https://tokens.nyzo.today/faucet/
Check your balance: https://tokens.nyzo.today/explorer/(enter your address in the searchfield)

Nyzo Nytro(Tokens on Nyzo) AMA(2020-02-06)
https://forum.nyzo.community/t/nytro-ama-2020-02-06/392

I made a withdrawal fro Nyzo wallet to hotbit, but it shows red for 8 hours now. Is there any way to track the withdrawal online?

thanx for your help

https://nyzo.today/explorer

i sent 500 Nyzo to hotbit but i did not include the Data Number. I only used the recipient address. And the transaction is stuck.
Is there anything i can do to reverse it or resend it?

many thanx for you help

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

wow

i didn't know this, thank you for the update

NYTRO Hackathon

We're proud to announce that the NYTRO Hackathon is live and open for applications! (thx @lufo for making this possible)

Create an application using the layer-2 token protocol NYTRO and win up to 10,000$ in prizes!

Minimal required criteria:

    Functional and meaningful app
    Fully open source
    Documentation

Additional criteria:

    Documentation quality
    Potential for large adoption
    Ease of installation and operation
    Existing community or user base and marketing
    Originality of the concept
    Code quality
    UX and usability
    Use of the existing Nyzo ecosystem

At the end of the hackathon a winner will be chosen by a community vote, granting an extra $2000 Nyzo bonus prize. 2nd and 3rd place will receive an extra consolation prize of $1000 and $500 Nyzo.
The bounty will be fully paid in NYZO.

You can register for a spot in this Hackathon until July 4th 2021.
End of submissions is August 1st 2021.

Read more:
https://gitcoin.co/issue/Open-Nyzo/Nytro-Hackathon/1/100025720

Please share the tweet on nyzo.io for maximum reach. Thank you @everyone and happy hacking!

Tweet: https://twitter.com/nyzo_io/status/1392872537483264001

https://linktr.ee/Nyzo

fair well!

OPEN BETA - ANDROID WALLET WITH NYTRO TOKEN SUPPORT

we’re happy to announce the open beta of the updated NYZO Mobile Wallet with added NYTRO Token and NFT support. We’d like to invite you to test it out and improve it with us together.

APP IN ACTIVE DEVELOPMENT - USE AT YOUR OWN RISK

@redDwarf was working hard the last weeks and forked the current NYZO Mobile Wallet developed by @Moco

Make sure to save your private key from your NYZO mobile wallet, before updating to the beta version.

Download APK and changelog: https://github.com/redDwarf03/nyzo_wallet/releases/tag/0.8.3-beta-open

For feedback and suggestions, please use following channel: development

Currently, the open beta is only available for Android devices, but we’re testing an iOS version internally. We will inform you, when a iOS public beta is available.

If you need some tokens for testing purpose, you can get test tokens from the nyzo.today faucet for free: https://tokens.nyzo.today/faucet/


Are people still tracking what Nyzo has been up to lately?  ???

Heard through the grapevine that there's an active roadmap by a private entity & the core development team is still active (100k nyzo was added to the seed funding account from the democratic cycle fund to prolong emissions for a tad, awaiting development and public interest).

Be sure to check it out, stuff's rad. Especially the technical side, if that's what you're into. (https://tech.nyzo.co/)  8)