Bitcoin Forum

 http://cointelegraph.com/storage/resizer/resize_url/780/?url=http://cointelegraph.com/storage/uploads/view/1888
The landscape of top-performing coins in cryptocurrency has shifted again, with the meteoric rise of altcoin Nextcoin to beat Darkcoin to third place.

While we recently reported on Darkcoin’s attaining the honored position of the fourth biggest currency, solid new features added to an already strong framework have allowed Nextcoin to storm into the top three.

As forexminute reports, the release of Nextcoin’s new asset exchange sent its value soaring, with its minimum market cap reaching US$39million on May 29 following release day. And it kept on going, with reported sell-offs of Darkcoin for other altcoins, to reach a cap yesterday of over US$60million.

The coin is already known for its less resource-intensive mining, a major factor in drawing in its dedicated client base since its inception. Add to this 100% proof-of-stake and it is clear why NXT is giving the likes of Dogecoin, which still licking its wounds after a disastrous previous month, a run for their money.

http://forexminute3.globalinvest.netdna-cdn.com/wp-content/uploads/2014/06/Nxt-Beats-Darkcoin-Becomes-the-Third-Wealthiest-Cryptocurrency-by-Market-Cap.jpg
For the meantime, Nxt seems to be a clear winner. The coin, after the launch of its asset exchange at around May 29th, has shown immense growth. It’s last known minimum market cap was recorded over $39m on the aforementioned date. This was also the time when most of the Darkcoin users said to have been exchanging their coin with other altcoins. We believe this was the same time during which Nxt saw a massive jump in its market cap and value. The coin kept on increasing, and is currently wearing the market cap worth over $58m.

The Quick Nxt Recap
Nxt was launched few months ago with a factor no other cryptocurrency have, that is a unique source code. While the most popular and successful altcoins we know today are nothing but a twisted version of Bitcoin, Nxt emerged as the only coin that broke the shackles of Bitcoin’s shadow and created its own path to beat this master of digital currencies.

Nxt offered what Bitcoin simply lacked, which is eco-friendly mining, more secure and fast thanks to transparent forging, and none the least its feature of 100% Proof of Stake. Although the coin had its own troubles, such as users finding it too complex because of it being too technical, but its talented team of developers quickly responded by updating its client and making it more user-friendly.

We simply believe ;D that Nxt somewhat deserved a chance just for being a different version of digital currency let alone the better-than-Bitcoin hype. Now with the coin being on the top three market caps, there is hopefully a large quantity of investors and merchants looking towards circulating this next gen gem.
http://dcmagnates.com/wp-content/uploads/2014/06/NXT-USD-June-2.png
The rise has been so subtle that it was overshadowed by Darkcoin’s meteoric ascent, despite Nxt having surpassed it in rank.

Volume has been moderate: currently $320,000 worth traded over the past 24 hours. While this doesn’t compare with Darkcoin’s traded volumes, it is still a far cry from those of most other coins. It suggests that traders are genuinely willing to trade the coin at the posted prices.

Nxt is still well off its all-time highs set earlier this year, like most coins. In January, it briefly traded for the equivalent of $0.10.

Like Bitcoin, the cause for Nxt’s recent rise is unclear. Some have speculated that a spate of recent announcements for newly added features set off a surge in demand, although such announcements were not infrequent even 3 months ago. Either way, one gets a sense that the crypto world is growing weary of the many altcoins piggybacking off of Bitcoin and are looking for something different.

http://cointelegraph.com/news/111641/nextcoin_conquers_no_treats_for_doge
http://www.forexminute.com/bitcoin/nxt-beats-darkcoin-becomes-the-third-wealthiest-cryptocurrency-by-market-cap-33606
http://dcmagnates.com/nxt-quietly-triples-in-value-now-third-in-market-cap/

it raised just because BTC raised...

BTC raised and NXT gained on BTC. ++

No, it went from 0.00005 BTC to a todays high of 0.000108!

Wake me when they get rid of Java, then I'll think about buying some.

It's a protocol, feel free to transcribe it to C/C++ ;)

Everything is opensource!

I'm gonna try that, see how it goes.

i buy 1000 nxts.
waiting for it high as btc! :)

Welcome on board! The plane is preparing the start!

UMMM slight problem with your thesis. Qora, BCNext's proper project is up and running, who wants NXT 1.0 when they can have NXT 2.0. bye bye...

someone already did. NEM

NEM is not based on NXT code. They have a complete different implementation. But still Java based ;)

They waited till the source code came out, read it through. Didn't copy any of it but has exactly the same functions and wallet...fair enough.


I wonder if you're interested in a bridge i'm selling?

to da moon

Not really..
It overperformed Bitcoin

I got my stake recently and its the only altcoin I feel safe with.
I really think this one has a chance to take Litecoin from Number 2. It has tons of potential a large community and working developers (that actually make lots of new feature).


I wanted to know what is the problem with Java? (im not a programer)

lol @Nxthaters

NXT only coin in the +% right now in the top 9

Can you point out one negative opinion about NXT? NEM sure but NXT as you said.

If Qora is done by the same person as NXT how could I be? But using Windows 95 instead of Windows 7 when you have both is for dummies.

Namecoin is as well. Not the best way to prove a point. Why did you leave 10 out hahaha Mastercoin up 150% NXT up 2%

http://coinmarketcap.com/

NXT is awesome, NEM will be awesome. There is enough space for 2 true 2nd gen coins. gogogogo

So it hit $0.10. How's that fixed fee working out for you?

I don't see how it's going to the moon when the fees are prohibitively high. Yeah, yeah, I know "they can change the fee". Right, so how's that supposed to work? The devs just lower the fee whenever they feel like it? Is there some consensus, some protocol?

I've never go a straight answer to this. Anyone?

What about the rumour about 3 middle companies going into NXT ?? Seems that is more than a rumour, will be some anouncement next week?

please explain what makes qora nxt 2.0

Slightly offtopic: nyone knows if NXT daemon uses a similar interface like Bitcoin daemon?

You will have to look through the posts of Qora as they are scattered. But there really is an VERY strong case that Qora is BCNext. Seriously loads of evidence.  A few of the top of my head. BCNext said NXT was a precursor to his real project, plus Qora said he was working on a project with others but too much talking ruined it for him. He codes in Java. He updates the client every few days, he didnt deny he is BCNext, he has used some similar language, he is from Europe, he appeared a few weeks after BCNext disappeared. he's clearly a genius. the list goes on and on. His behavior is almost exactly like BCNext is the biggest one. He appears only talks about the coin and disappears. Like BCNext he isn't interested in money or hyping his creation, rare in itself.


you will have to research it for yourself to see if you believe it or not. I accept it could be untrue but there was this that got people wondering. For me its the fact I don't know of anyone who can create such a brilliant coin alone, I mean apart from NXT and Bitcoin who has done that?

https://bitcointalk.org/index.php?topic=579858.0

Qora has some refinements on NXT like the forging is an algorithm that includes other factors not just size of stake. The asset exchange is planned in a few weeks so thats when we can see how well Qora has implemented everything. 

Thank you for the reply. I've seen the threads that make the claim of bcnext = qora dev, however this in an of itself does not = nxt 2.0.

I'm not sure the nxt 2.0 claim is valid. And I'm open to hearing more arguments on why Qora = nxt 2.0 but I don't see it yet.

satoshi is a genius but he is not the one coding bitcoin what it is today.
jr willit is a genius but he is not the one coding msc what it is today.
bcnext is a genius but he is not the one coding nxt what it is today.


Do you see my pattern? These geniuses started a movement but that does not mean that every idea they have is gold. Nxt has first mover advantage, and one hell of a team.



Qora for some reason always makes me think of the Last Airbender. lol

well I respect you are actually listening to my reply and not trying to create FUD to push the price down or simply not interested in finding out.

I won't hype Qora to you, NXT is great, Bitcoin is great. I think most believers in Qora have been created by following him how he operates over the last few months. It's a fair point about how coins have developed and I think Qora is a bit of an eccentric genius. he didn't turn up for a few days after the IPO just cause he was busy checking PM's. people were assuming the worst that he went AWOL.


I think in the end it will be how user friendly he implements the asset exchange. Thing is in my opinion NXT had the problem of too many cooks, I personally hate using any of the wallets. Qoras plan is to be as user friendly and as simple as possible.

And if it is BCNext you have to admit any NXT believer can't really discount a BCNext project. At the very worst I believe it's a new code so that makes it a rare thing and puts it potentially in the same category of NXT not just being a clone of NXT. I mean systems like Emunie that were planned had these functions but people were going crazy at the prospect of it. Qora has little fanfare so far. Yeah NXT has some overlap with Qoras functions but we shouldn't confuse function similarity with implementation. It's like saying Windows is the same as OS cause it does the same job. Implementation is everything. What I personally like about Qora is the focus on being future proof.


If you look at the top coins they all deserve to be there due to their innovation. That's why I'm sure it will be a major contender in some form or another. In the end I agree with the Qora developer when he said this:


"I believe that the features of cryptocurrencies will not decide which one will survive and which one not.
Some features will become useless and some will become standard in all cryptocurrencies.
I believe that at the end the most documented/user-friendly cryptocurrency will dominate.
Getting to this point might still take a few years."

I fully share your opinion.
As we all can see there is no direct concurrence between NXT and NEM.
Both of them can have a bright and shiny future.

Thanks.

So users will may able to vote for fee changes in the future. At least that's some answer. Now the question is about the incentives of the voters and the economic viability of such a solution.

I don't see how this isn't a major issue. The fixed fee puts a cap on the price. If NXT is worth $10, that means each transactions costs $10! Clearly NXT will never reach $10 per coin. In fact, it's probably never going to go much higher than it is now, unless the fee is lowered (somehow).

You must not be uptodate!

NXT will introduce a variable fee with the next NXT update. That means it will be way cheaper and the fee amount is depending on the size of the transaction.

NXT is leaded by really skilled devs and if you see the charts, in the last day it gained 21% of its value.
As I wrote in the thread "which coin will skyrocket", I'm sure this is going to be huge.

The idea is to let forgers choose which fees suites their need.

If they need a higher fee to cover their costs, they will announce it. If they can forge for a lower fee, they will change it. Different forgers will have different fee limits.

Interesting... This wasn't the case last time I checked. I'll have to do some more research. Thanks :-)

It still is not but this will form a natural market. :)