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Roadmap of Nxt 2.0

Edit: FXT has been named Ardor! More info here: https://nxtforum.org/core-development-announcements/(ann)-ardor-or-nxt-2-0-a-scalable-child-chain-platform/


Announcing Ardor (Nxt 2.0), the successor to the pioneering Nxt platform, which has been an inspiration for many other successful blockchain projects.

Ardor builds on the experience we have gained from running Nxt 1.0 in production for over two and a half years, and aims to solve real world problems of scalability, privacy, currency liquidity and usability.

Ardor retains all the core features of the first version of the Nxt Blockchain, but builds and expands on Nxt 1.0 by adding secure and scalable child chains. This new flexible architecture allows users to create their own blockchains, customised to fit their needs, while drawing security from the collective ecosystem of the global Ardor platform.

Ardor is being built by a very experienced and professional developer team. The same team that built the first true Proof of Stake system, that implemented the first decentralised token trading system, the first and only fully decentralised coin shuffling implementation among many other groundbreaking features for cyryprocurrency/blockchain.

The Nxt core team has been consistently innovative since the original Nxt launch back in 2013, and many Nxt innovations have been incorporated into other projects.


The initial research phase of Ardor has passed. Pooling their experience of working on Nxt 1.0 for over two years, Core devs Jean-Luc, Riker, ScripterRon and Petko have already started the first phase of coding for Ardor.
Coding Ardor will take time. The Core Team does not want to launch an overhyped and half-finished system, but wants to make sure the new platform holds up to the high standards you have come to expect from Nxt 1.0. We consider this  to be the de-facto reference standard of stability and performance that a blockchain platform should adhere to.

Initial coding has started a few weeks ago and is expected to take at least the rest of 2016.

Testnet
At the time of writing, the Core Team aims to launch the first version of the Ardor Testnet very early in 2017. During the Testnet phase of the software, there will be many rewrites and tweaks based on user feedback and continuous use of the platform. The Testnet phase will last for at least six months to make absolutely sure the first live version will be safe and trustworthy at launch.

Mainnet
At the time of writing, it is estimated that the first live version of Ardor will launch in Q3 of 2017.

More details on the implementation cycle can be found in this thread (https://nxtforum.org/core-development-announcements/nxt-2-0-overview/). (Document also available for download HERE (https://nxt.org/wp-content/uploads/2016/05/Nxt-20-Overview.docx))


Ardor will retain ALL Features of the Nxt 1.0 platform.

Below you will find an outline on how each current feature will be ported to the new FNX Child Chain at launch.

Account Numbers
Account numbers are preserved. Since the mapping from secret phrase, to public key, to account id will not change, your 1.0 pass phrase will correspond to the account with the exact same number on Ardor. Existing 1.0 users will be able to login to Ardor with their existing passphrase.
The Account table will be global, and each account can have balances in any of the Child Chain tokens, as well as in Ardor.

Assets
Existing Nxt 1.0 Assets or Asset Transaction History will NOT be ported directly to the FNX Child Chain.
Since the Nxt 1.0 blockchain will continue to exist, the Core Team believes it is better to leave the choice of when and how to move to Nxt 2.0 in the hands of the Asset Issuers themselves.
This is probably best done by burning existing Assets, requiring them to be sent to the issuer account in order to issue new Nxt 2.0 Assets in exchange. Or it could be done by each asset issuer declaring a height at which they will take a snapshot of 1.0 asset balances, and then re-distributing those on Ardor.
Assets will be universal on Ardor, which means that for any Asset, regardless on which Child Chain it was originally issued, any Child Chain that will allow its trade will be able to trade it.

MS Currencies
MS Currencies themselves are also universal, and will be possible to trade on any Child Chain. MS Currency names and codes existing in Nxt 1.0 WILL be ported to the FNX Child Chain, including the currency balances for all accounts. Their transaction history will not be.
The Core Team will provide support to any MS currencies that want to transition to a Child Chain, i.e. start a Child Chain with a token distribution based on this MS currency.
MS Currency names and codes will be unique within Child Chains only. This will eliminate the possibility of name squatting across chains. The proposed format for MS Currency names will be CURRENCYNAMECODE.CHILDCHAINCODE, for instance ELEMS.FNX.

Arbitrary Messages
No Messages will be ported from 1.0 to Ardor

Tagged Data
No Tagged Data will be ported from 1.0 to Ardor

Digital Goods
No products or sales will be ported from 1.0 to Ardor

Aliases
Existing 1.0 Nxt Aliases will be ported to the FNX Child Chain. Just like with MS Currency names and codes, alias names will be unique within their Child Chain only. Globally, aliases will be appended with a Child Chain suffix, to signify which chain they belong to. By default, alias name not appended with a Child Chain suffix will be assumed to belong to the FNX Child Chain.

Voting
Voting will be available on each Child Chain.
Open or finished Polls will NOT be ported to the Ardor chain. Running polls will need to finish on the Nxt 1.0 chain.

Phasing
Phasing will be available on each side chain.
Current Account Control Setting will NOT be ported to the new FNX Child Chain.

Leasing
Account Leasing will be retained, but on the FXT Main Chain only, as only FXT balances are used to provide blockchain security (forge). Existing 1.0 Leases will not be transferred but will have to be recreated.

Plugins
Ardor will support Plugins, but existing Plugins will need fixes to work with the new Ardor platform.


What will happen to 1.0?
The Nxt Core Devs are committed to providing support, bug fixes and any possible emergency updates for the Nxt 1.0 chain.
It will not be necessary to burn your 1.0 coins to receive Ardor tokens, and you are free to trade your Ardor Tokens which you will receive after the snapshot period has ended.

The Core Team wants to make migrations to Ardor as easy as possible, so is allowing a wide window for making this move.
In short, nothing will change for Nxt 1.0, except that active work on new features will come to a halt. The platform will be actively maintained, so users will still benefit from a secure and well-kept platform.
The Core Team will also provide help and support for users that wish to move their enterprises from Nxt 1.0 to Ardor.


Ardor’s prime innovation is to split the blockchain into a main chain that is used for consensus creation only, and multiple child chains that keep separate ledgers of transactions, each child chain using its own coin/token..

This means that there will initially be two distributions of tokens: one for the main chain token (Ardor), and one for the token for the first child chain to be launched (for now called FNX).

The Core Developers recognise the tremendous contributions of the investors and holders of the original Nxt 1.0, without whom Ardor would not be possible, and have decided to grant them exclusive rights to these new tokens.

It is important to note that Ardor does not mean Nxt 1.0 will cease to exist! The Core Team is committed to continue providing support to Nxt 1.0 for at least one year after the Ardor launch, and possibly further.

There will be no burning of Nxt 1.0 needed in order to receive either Ardor or FNX Tokens.

Distribution:

Ardor (Main Chain Tokens)
All NXT holders are eligible to receive Ardor Tokens at launch of the Mainnet.
Shortly after the release of Nxt 1.9, (intended to be the last major release on the Nxt 1.0 branch) the Nxt Software will start taking periodic snapshots of all users' NXT balances, at regular intervals (most likely once an hour), for a period of three months.
The NXT balances in each account will be averaged over this full three month period, and at the end all accounts will be automatically credited with a token representing their Ardor holdings, issued as an Asset on the Nxt asset exchange.
This Ardor Asset will be freely tradeable.
The distribution of the real Ardor coins (to be done at the launch of the Ardor Mainnet in Q3 2017) will be based on the ownership of Ardor Assets on the 1.9 blockchain, taken at the point of time when the Ardor Genesis block is created, shortly before that launch.

FNX (Transaction Tokens for the FNX Child Chain)
The distribution of the FNX Token will be based on each account’s NXT holdings at the time of the Ardor Genesis block creation.
At the time of writing, the Core Devs have decided to credit 50% of these holdings to each new FNX Account, while reserving 50% of FNX for funding of the development team, business development and other operations that will need funding to make the Ardor project a success.
The Core Devs acknowledge that not including this step in the distribution of 2013 was a mistake in the first place, which has left the project chronically underfunded. As a donation based model is not sustainable, they decided to opt for the allocation of 50% for project development and sustainability.

Looking Nice :)

Nice job!

Now that all the liabilities have left the project/community, NXT is ready to take the place it deserves!

EDIT: https://www.youtube.com/watch?v=h1mD-_DKHc0

Yes Nxt will grow but time period is too long.

So, I think it's time we buy NXT... the price feels right at the moment. Can you please ELI5 how could we import our old NXT coins to the NXT2.0 if we wish so? Would it be sufficient to store these coins into an exchange for example until the release of the new wallet; or should we download a NXT1 wallet/client in order to store our coins in there?

Thanks in advance for your answer.

Keeping your coins in your own wallet is definitely preferable.
Downloading the Nxt1 wallet should be the default.
We'll be working with the exchanges to make sure people won't miss out, though.

nom nom nom bought some cheap nxt

yet ,buy some cheap nxt

Great to see NXT 2.0

Let see how it rolls out

Good stuff, will be keeping an eye out on this  ;)

Regarding the possibilities that NXT once had, it really suffered to pretty bad management. I learned about the current devs and their incentives and decided to invest in it (long term). Either way this thing has reached its bottom price, the ability to take a front seat towards NXT2 via this purchase makes me think that the potential to succeed is pretty good.

Where i can buy?

Buy NXT and u will be credited with FXT token which is the main token of NXT 2.0 once it comes live...

Besides you will be credited with FNX token based on your percentage of holding of NXT

how can i the coins?? is there a wallet... please guide me anyone

I'm interested in this but I haven't read the details yet. Reading now.

~CfA~

I'd propose an exchange like Poloniex with high liquidity. NXT is at very nice entry price considering what's coming up next. These kind of "windows" are pretty rare. I'm not going to keep my coins there though. My experience with exchanges is not the best there is... I'd advise you guys the same. ::)

Awesome, time to stack some NXT at this price for the future

Lets see how it works the new features.

nice, i have few nxt perhaps it's time to buy more at low prices.

Have some NXT, looking forward to see the project.

Btw 2017 Q3 is sooo far

do i have to withdraw all my nxt in exchanges? and keep them in the wallet? and just wait?
please tell my what i have to do with my nxt coins. thank you.

btw: the timing is not the best. lsk is getting so much attention at the moment.

For now, keep them where you like.

The snapshot proces will start with the mainnet version of Nxt NRS 1.9, which is still a while away.

Is there an ETA or any early betas?

Edit: 01.07.2016 - just saw it in the OP. :P

Amazing. I'll definitely look into NXT again.
Reached double bottom yesterday. Good one.

This Is Nxt. Always ahead of the rest in its features and posibilities. Hope more people will see the value of a true stable and innovative blockchain. Looking forward to the future!!  :) :)

You guys are some real idiots.  I'd like to know how this moronic plan fits in with BCNext's vision?  Why are you splitting the forging process away from the currency?  The whole point of NXT was to allow the currency holders to secure the blockchain in proportion to their stake.

All you blood-sucking leeches are a bunch of traitors to the original movement and ideology of NXT.

This is an official split being orchestrated by Jean-Luc and the Foundation / committees / marketing members.  This goes against everything that NXT was founded upon.  Damelon, EvilDave, Farl4web, and all the other people who are / were involved in the NXT Foundation / committees / marketing team are responsible for destroying NXT and its ideology.  They are doing so for their own greedy financial motives.  They have centralized everything in NXT under the auspice of "getting mainstream adoption for NXT", but in reality they have destroyed the original, decentralized, grassroots movement behind NXT.  These individuals claim that they are going to get "banks and big business" to use NXT.  But, the truth is that no bank or big business is ever going to use NXT.  That was never the intent behind the creation of NXT.  NXT was designed to be a currency for the people not "banks and big businesses".  These individual then elicit funds from the community like leeches to fund their private vacations to conferences and bogus jobs that they have created for themselves.  They contract out work to each other in a nepotistic manner at greatly inflated cost to keep the game going.  They paint the currency holders who don't give them money as "greedy", but in reality, they are the greedy ones.  They claim the currency holders are the ones that are responsible for NXT's demise, when in reality they are the root cause of it.

The 50% dev share funding and 2.0 roadmap will definitely lift the marketcap for NXT, so anything over a doubling from this point (i.e. ~12-13M) should be considered pure gain for NXT hodlers.

I can see the NXT marketcap back over 20M in a few months, so this news is 100% positive!

If nothing was done NXT would have died, and this is NOT a 'standard'  ICO, so it's a good decision imo

BCNext's vision lives on now because devs have funds to continue working.

There wasn't an alternative, crypto community is too small to survive on donation economy.

Great to see NXT 2.0 coming, allmy best :)

No significant funding, a name which is used/trademarked for several other high profile projects and a ridiculous Q3 2017 launch time.

Not to mention other alternatives.

I'll give it a miss.

Good promising future for NXT investors. Keep watching Nxt 2.0 project for updated news.

Why don't you try and resurrect NXT 1.0 yourself then? Isn't the point of decentralization to allow people to interact with each other freely? If you can convince enough like minded people to join you, and if you're prepared to back your vision for NXT with time and resources, then I don't think anyone will try and stop you.

You're disappointed NXT didn't make you buckets of cash like you thought back in Nov 2013, just deal with it! Nobody in the NXT community can force anybody else to do anything they don't want to, that's always been the case, and always will be. The people you criticise above haven't done anything to you, and they can't force you to do anything now, so I don't see what you're complaining about. NXT is beautiful still!

You sound like one of those people who love free speech, but only when people say what you like. You're just pissed because you don't have the skillset to do anything on your own, and you've marginalised yourself as a perma-critic of everyone, except AMP afaik.

In a free community people are free, and you're free to keep using NXT 1.0 as long as you're prepared to support it, so I think BCNext probably feels OK about things.

NXT 1.0 lives on
NXT 2.0 lives on

Simple :)

You need to criticise others less, and do more yourself, even if all you do is communicate constructively. A guy like Damelon can't write a line of code, but he's made himself useful doing other things, and has earned lots of community respect, even from people who disagree with him, like me sometimes. Do the same, nobody is stopping you. Try and win the argument. All you're doing above is venting your frustrated greed and abusing  productive people who haven't harmed you one IOTA! There aren't any NXT cops beating you up, just yourself.

Thank you for your positive remarks, and even for the less positive ones.

They are to be expected, and one cannot please everyone.

As to funding and the name: both are being worked on.

We already know for quite some time that the name Nxt is less than ideal. The community on Nxt Forums has been discussing this for months now, so nice to see that it's been noticed.

Funding: of course we are on this, via multiple channels. We have just partnered with an incubator in Amsterdam and are chasing (we are way past exploring) many other avenues.

Funding doesn't need to come from crypto only. I personally have gone on record many times that crypto tends to be very provincial sometimes and seems to like to live in a bubble of like-minded people.

That's just not constructive and useful, and also harmful.

At this moment, the date to watch out for is the release of 1.9 to mainnet.

Once this version goes live, it will be the start of the three months snapshot period. More detailed information on this process will follow, but it boils down to an averaging of your Nxt holdings for distribution of the FXT token at the end of this period.

@Damelon,is there a crowdsale of Nxt 2.0?

Not like the ones most people are used to.

If you hold Nxt, you will get the FXT (staking token) asset.

So each Nxt is a ticket to get FXT. You will have to accumulate Nxt to get FXT (while still keeping the Nxt, of course. There is no burning or anything like that)

watching this project also need some more detailed information that will definitely increase the price of NXT 

So pretty much your saying that if I buy nxt now, I will get these FXT for free?   So like a 2 for 1 type deal?

See CLAMs as an example - people with BTC and DOGE could claim CLAMs too...

Correct sir.  ;D

I havent touched nxt in forever... i guess, already 20% up today, i hope im not getting suckered in on this one.
anyway, price is like 1/5 from back when i played...

Come play along!  ;D

Prices are silly low.

its a long plan. i think price will go up on this news.

Buy and hold during the three month snapshotting period that will start with the release of the 1.9 version of Nxt.
The Testnet version of this version is about to be released.

The snapshots will be taken at regular intervals and the average of Nxt in accounts will be used to calculate FXT distribution.

This is done to mitigate a possible run out of Nxt Assets into Nxt.

There is talk of adding a counter in the official wallet to show the amount of FXT that you will receive once the snapshot period ends, but I haven't received definitive information on this yet.

I will post more once I know it. Please ask questions if you have them :)

Sure, Nxt has been always an excellent platform, Ntx 2.0 could be better.

A countdown in the wallet and on the website would be nice. Keeps everybody active and involved.  :)

I don't understand Nxt 2.0 for 100%, but I see a lot of potential for sure. And of course free FXT and free FNT.  :D Damelon explained more about it on Slack and I want to share it here too.


Hope this will help others understand Nxt 2.0 better. More to come soon with a professional marketing campaign (yes, Nxt and marketing are coming together)  ;D

NXT 2.0 seems like the sleeping giant here. ::)

Check out the presentation from last week from Lior Yaffe (username Riker).
He's one of the core developers of Nxt/Ardor and he talks about the future.

https://i.imgur.com/vydLKuW.png (https://youtu.be/soHe4UMyCCk)

https://youtu.be/soHe4UMyCCk

Slides: https://bitcoil.co.il/files/Advanced.Concepts.in.Blockchain.Design.pptx and http://prezi.com/x8jyard5-h51/

Filmed during Israel Bitcoin Meetup in Tel Aviv on 27 July 2016

Hey guys, I understand that Ardor is "Nxt 2.0" but I want a little clarity.  Specifically, what will the differences be between Nxt and Ardor?  Also, will Ardor run on top of Nxt 1.0 or will it be a separate coin, with it's own ledger?

Why maintain Nxt 1.0 if this is 2.0?  What I mean is what purpose will Nxt serve, on it's own, that Ardor won't serve that will warrant the existence of Nxt 1.0. I guess another way of asking is that instead of creating 2 coins, why not just upgrade Nxt?

Could I get an ELI5 response that addresses these types of questions?  I was into Nxt since near the beginning and I still own a moderate amount of Nxt and assets.  I'd just like a good explanation of the future-relationship of these two coins and what their specific differences will be.

To the future of Nxt and Ardor!  :glass-clink-emoji:

Ardor is the new Nxt 2.0. Nxt 1.0 will still continue and will be supported and updated for at least a year. Nxt 2.0 is a new blockchain, called Ardor. On top of Ardor people or business can create childchains. 

What is the story on all this for a newbie buying NXT now on Poloniex?  Is that NXT a dead coin?  Should one get out of it?

https://poloniex.com/exchange#btc_nxt

i just check my wallet have some Ardor

"Q: is this dilution?
A: This is a debatable statement. I've seen several takes on it. Good food for discussion."

I really have to laugh...

Dead?  ???

It's one of the most solid and functional blockchain systems out there. Working like a charm. Use it, enjoy it!   :)

Sorry! I must have missed. Do I have to tranfer the NXT on the desktop/online wallet or I can keep them on the exchange during the three month snapshotting period?

Vote for the new Ignis logo
(easily on the Nxt blockchain of course)  8)

Account: NXT-ZZW7-U2KL-AV2U-8P8FE
Poll ID: 1977236085310946157 (https://mynxt.info/poll/1977236085310946157)
The logo's: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233655/#msg233655 (https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233655/#msg233655)

https://i.imgur.com/jFfKp4ah.png?1

In case you didn't know...

https://www.nxter.org/nxt-news-july-2017-iv/

You can subscribe to the weekly Ardor + Nxt news here: https://nxter.org/newsletters + follow that https://twitter.com/Nxter_org