Bitcoin Forum

Nxt is considered a second-generation cryptocurrency, and it provides a new platform for a full de-centralized economy.  With all the alternative coins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designed this way from the ground up.

It is not an "alt coin" like litecoin, peercoin, and other variants whose code is based on Bitcoin's source code.  It is written from scratch, in all-new source code. The Nxt Source Code was first partially released in January 3d, 2014 and fully released by Jean-Luc, the main developer, in March 1st, 2014. You can evaluate it here.
It provides built-in support for robust features such as a decentralized peer-to-peer exchange, voting system, messaging/chat, decentralized DNS, and options for instant transactions. Many Bitcoin-based currencies implement one or two of these features on top of the existing Bitcoin network. Nxt implements all of them on an improved network model that is built for speed and scale.

It is 100% Proof of Stake (PoS), versus the proof of work (PoW) mechanism the vast majority of other coins are based on.  Instead of using powerful computers to "mine" new coins, Nxt leverages the balances of existing accounts to "forge" blocks, rewarding forgers with transaction fees. The Proof-of-Stake algorithm is efficient enough to run on smartphones and small devices like the Raspberry Pi platform. In addition, this method effectively removes a large security risk inherent in most other coins: the issue of a 51% attack and many of the other vulnerabilities inherent to Proof-of-Work coins are gone. However, currently there's also mining pools available that deliver payout in Nxt if you want to mine, such as Hashrate.org and NxtPool.org.

The energy efficiency of Nxt network makes it a green cryptocurrency, not sharing the negative ecological impact of proof-of-work. Several extensive calculations have been made showing Nxt is, at least, several hundred times more energy and cost efficient than Bitcoin. You can read the Nxt Network Energy and Cost Efficiency Analysis document.

It was announced weeks in advance, unlike mere hours like most coins.  Based on an injection of 21BTC by 73 original stakeholders, 1 billion Nxt coins were ejected from the Nxt genesis block and are currently being distributed to thousands of account holds through giveaways, trades, and bounties for ongoing development of the platform. Nxt is listed on CoinMarketCap and it can be traded in multiple exchanges, such as BTER, DGEX, Cryptsy, Poloniex or Bittrex, among others.

Soon, Nxt will have a very slick feature called "Transparent Forging", which will allow each user's client to automatically determine which server node will generate the next block. This allows clients to send their transactions directly to that node, minimizing transaction times. Immediate and high-priority transactions can be processed for additional fees. An equally important feature of Transparent Forging is an outstanding security feature of the protocol, which can temporarily reduce to zero the forging power of nodes who should generate the next block but do not – penalizing accounts that do not actively support the network, and distributing that power to nodes that do. With transparent forging, even a 90% majority owner of all Nxt will be prevented from branching out and forcing a forked blockchain: if a node has 90% of all Nxt, and doesn't generate a block when scheduled, the system will reduce its forging power to zero temporarily to prevent a bad fork from being forced.

NXT is scum.You need to put in 5 or more BTC's to forge something.In two months i forged 0 NXT with 19000 NXT in my wallet,and generated two blocks( 0 NXT each) Now I sold all my NXT and bought Yin & Yang coins!

That's forging in a POS currency. You can 'mine' NXT with hashrate.org, if you want POW experience.

NXT is scum.You need to put in 5 or more BTC's to forge something.In two months i forged 0 NXT with 19000 NXT in my wallet,and generated two blocks( 0 NXT each) Now I sold all my NXT and bought Yin & Yang coins!

Because I'm not done making OppaiCoin yet

What NXT is going to become, (if things go as planned) ir the 'One Ring' of crypto:
NXT will rule them all.

With AE and gateways in place, all other cryptos can be traded from within the NXT system.......no more need for exchanges, no more MtGox, CryptoRush, etc. situations.
Trustless, decentralised trading will make centralised exchanges obselete in the medium to long term.
Couple this with the ability to issue assets over the AE:  people will able to create pretty much any kind of virtual asset from within NXT.
Why go to the trouble of creating, for example, a new coin from the ground up, when you can issue anything you can imagine on top of the NXT blockchain? 

NXT is scum.You need to put in 5 or more BTC's to forge something.In two months i forged 0 NXT with 19000 NXT in my wallet,and generated two blocks( 0 NXT each) Now I sold all my NXT and bought Yin & Yang coins!

But surely NXT has no more power to be the 'one' than even one of its clones. If everyone gets on board with NEM then why would people need to go to NXT? Plus people might chose different platforms to do the same things. Some NXT, Some NEM, some NXTL. Many might use a few of them.

Just an introduction:

Currency, even gold, has always been fiat in the literal sense, fiat being faith.  There has been too many scandals in the NxT camp to make it a currency.

NEM will be a contender for a currency based on a combination of innovation and distribution to 3000 stakeholders.  We already have more activity on BTT at our pre-launch stage than NxT had in 2013.

I'm so not getting into a NXT vs NEM debate, as I have a stake in both......but which scandals ?
Using this reasoning Bitcoin can never make it as a currency.

NXTs original distribution could have been better, but don't forget that NXT was very much a pioneer with its IPO.
After NXT launched last November, an IPO became the flavour of the month and now pretty much every new crypto launches with an IPO-like structure.
But despite all of the effort that various devs have put in to make a "fair" IPO people still complain, and I can bet u all of the money in the universe that NEM will also get hassled for it's IPO/initial distribution.....and, btw, we both know that NEM does not have 3000 unique, individual stakeholders. I'd guess more like a 1000. Remember the guy who claimed to have 100 NEM stakes and was busy selling them off at 0.25 BTC per stake ?

Any other scandals to address ?

Why Nxt is the future?

nice subtle advertising  ::)

one dummy shell account answering another dummy shell accounts fake question lol

There was one troll who claimed 100 and that's your proof that 2000 stakes were fake?  Dubious claim you made and even if it were true (not ) it's still a better distribution than every other alt.

NxT had 73 initial wallets and majority was owned by 20 who each invested 1.5 BTC each, the reason we don't encounter many NxT whales is probably because those 20 wallets were really 5 people at most.

Obscure IPOs like NxT will always have more sockpuppets than smaller distributions involving more people

Because I'm not done making OppaiCoin yet

NXT is scum.You need to put in 5 or more BTC's to forge something.In two months i forged 0 NXT with 19000 NXT in my wallet,and generated two blocks( 0 NXT each) Now I sold all my NXT and bought Yin & Yang coins!

Oppais must grow!!!

nice subtle advertising  ::)

one dummy shell account answering another dummy shell accounts fake question lol

We'll see if the start of the Asset Exchange in 15 days from now will boost NXT: http://www.nxtcommunity.org/

nxt innovation (and I use the term loosely) for innovations sake, feature people don't need or want, if you can't sell it too the crypto community you can't sell it to the public.

people seem to think if someone doesn't copy paste and writes their own code that it makes for innovations.  ::)

nxt innovation (and I use the term loosely) for innovations sake, feature people don't need or want, if you can't sell it too the crypto community you can't sell it to the public.

people seem to think if someone doesn't copy paste and writes their own code that it makes for innovations.  ::)

Why Nxt is the future?

But surely NXT has no no more power to be the 'one' than even one of its clones. If everyone gets on board with NEM then why would people need to go to NXT? Plus people might chose different platforms to do the same things. Some NXT, Some NEM, some NXTL. Many might use a few of them.

The release of Asset Exchange will only be the first step. Many big stuffs will follows one by one. A lot of things that most people take for granted today will be changed by Nxt forever. We will see the world be changed in front of us.

Those interesting in Nxt really should go to https://nxtforum.org/ and see by yourself what the devs have been busy developing.

I can prove you wrong just directing you to the "technical disscusion" section of NXT forum https://nxtforum.org/ (https://nxtforum.org/)

wtf's a link to ur crappy cult site going to prove?
lol noob I base my comments on being in nxt early on, testing it, even trying to explain to the original dev the security hole I could drive a truck throw.

Cool.  While the price temporarily goes up, the whales will sell.  Scam.  A lot of people who buy into that will be left holding the bag like usual.

One can't wake a person who is pretending to be asleep.
Dare to say what's the hole or you are just trolling.
people found security issues were rewarded nicely.

Nxt is not the future. Don't lose your money with these type of scams.

Who will launch the fastest decentralised asset exchange?  :-*

there's nothing nxt could offer me

It is not a scam, that is for sure. But then again I do not see that much potential in this coin.

there's nothing nxt could offer me, i'd already communicated with the original dev about it.

hell i'd even pay to get rid of all the worthless trash coins around here including nxt ;)

Competent opinion

You're still at the stage of wasting your time. Nothing of this invalidates the "technical" aspects of the coin per se, but when I grabbed some €'s out of an account and "invested" on alts, I surely would have considered buying Nxt if it weren't for the cultists, as you call them. Even without them, who in their right mind (which I really wasn't at the time, to be frank), care about a coin with microscopic PoS, let alone the dumpers ready to pour above your head? Ultimately, I'm glad the shills forced me to pay attention, and made me stay way from Nxt.

I also had the temptation of posting on fake interesting hype Nxt threads, which now I'm very restricted on. Sometimes one just have to let it go and don't interrupt the shill's circlejerk. Honestly, the more I post, the more I bump and feed this garbage.

Welcome to the "Technical Discussion" section of NXT forum https://nxtforum.org/

Why would I join that forum?

To learn and stop talking nosense

It's not worth my time. I'm not talking nonsense. Nxt hasn't offered anything that would make me slightly interested.

It's not worth my time. I'm not talking nonsense. Nxt hasn't offered anything that would make me slightly interested.

If NXT has nothing for you than there isn´t any coin for you.

Why would I join that forum?

Nxt hasn't offered anything that would make me slightly interested.

So you're saying that NXT is the best coin? ::)

so with NXT, if i have a wallet with say 1000 NXT, how long does it take to 'forge' new coins and how much will i get in return?

is there a minimum of coins you have to hold?

can someone give me a quick summary please?  if you dont 'mine' nxt but rather earn them just by running a wallet then i'll give it a go.  I've never really read much into the whole proof of stake thing.

so with NXT, if i have a wallet with say 1000 NXT, how long does it take to 'forge' new coins and how much will i get in return?

is there a minimum of coins you have to hold?

can someone give me a quick summary please?  if you dont 'mine' nxt but rather earn them just by running a wallet then i'll give it a go.  I've never really read much into the whole proof of stake thing.

To be fair, it's the most promising one at the moment as far as I know.
When the promised features are released (they will be soon), it will be at least one of the best.

And Nxt is much more than a coin, that's why BCNext didn't use a coin in its name.

Then you've only seen a few coins in your life. It sure isn't the most promising one either.

Then you've only seen a few coins in your life. It sure isn't the most promising one either.

Then you've only seen a few coins in your life. It sure isn't the most promising one either.

Then name some that are more "promising".

YinCoin YangCoin seem promising.  :D
You should view coins from a technical perspective. I can't really find a good coin when it is hidden among hundreds of topics related to copycoins.

I‘m agree that Nxt is the most promising coin in the future!

Just as I expected, you avoid the question.

NXT nr. 1 !

Most of stuff from nxt is copy from ripple, probably not exact code but the ideas.

Uhh... No.  Nxt and Ripple are quite different.

Yes it is, most of it is based on distributed exchange.

Nxt is only №19 in Cryptocoins Fair Rating - http://emill.org/coins
 :-[

No, I do not think Nxt is the future of cryptocoins.