"NETX is a Network Token 2.0, one of the reasons NETX is groundbreaking is because it gives the economy back to the people and re-establishes them as their own sovereigns over their destiny. An economy is an expression of a political ideology. Do not mistake us as just another cryptocurrency. We are more than a movement because we are a New Economy Movement....or something"
NETX :: descendant of Nxt -
Complete Fair Distribution - Zero Cost Buy In!
Just post "INTERESTED"NETX is a fork of Nxt code. I am an ambassador of NETX and I admire the brilliance and vision of NETX inventor BCNext. He has a idea in the world of decentralization and that's why we should have more clones of his work such as NETX.
Total NETX in circulation will be 10 Billion
NETX improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks, but makes it more convenient for the users.
NETX doesn’t use so-called “scripts” aka predicates. This simplifies and accelerates transaction processing. Advanced features like multisig will be created on top of the core as 3rd party services.
NETX is routable through Tor and I2P anonymous networks.
NETX improves on Nxt by providing the following enhancements:
Block Chain stored in database. Unlike Nxt, NETX does not fail due to out of memory errors.
Secure Wallet. Unlike Nxt, NETX does not expose the wallet to the open internet.
Bitcoin like Addresses. Unlike Nxt, NETX adds checksums to addresses so some random number can't be confused as being a NEX address.
Multi Precision arithmetic. Unlike Nxt, NETX allows up to 8 decimal places.
NETX supports the following features:
- Decentralized Alias System / DNS - Complete
Register names and assign them to URIs. URIs can be anything from web addresses to NETX account numbers. These aliases will be tradeable in the near future.
- Basic DDoS Protection - Complete
- Decentralized Asset Exchange / Colored Coins - Done, but not yet implemented.
This allows gateways to issue assets on the NETX network. These assets can include cryptocurrencies (BTC, LTC, etc), fiat currencies (USD, EUR, RMB, etc), stocks and other assets.
- Transparent Mining - Complete.
Transactions are encrypted. Only PoS block generator can decrypt transactions.
- Arbitrary Messaging - Complete. Implementation on block 40,000.
- Instant Transactions - Requires peer review
- Decentralized Marketplace / Auction - In progress
Buy or sell goods/services in a distributed manner. All listings are broadcast to all nodes on the network in P2P fashion.
- Distributed Storage - In progress
- Multi-signatures - In progress
- Blockchain Shrinking - In progress
- Two-phase Payments - In progress
Software supported escrow transactions
- Voting System - In progress
- Reputation System - Will be implemented after Voting System
Account trust rating system. Check if sellers on the distributed exchange have a good history, if stock issuers pay dividends and if gateways honor their asset redemptions.
- Decentralized Mixing Service - Concept not ready - Cryptographers please contact core dev team members
- Distributed Computing - Concept not ready
- Smart Contracts - Concept not ready
- Hardware Wallets - Conceptual Stage - Java smart card developers please contact core dev team members
- Advanced DDoS Protection: Project Kharon - Conceptual Stage - Neural net programmers please contact core dev team members
NETX need you to spread the words. The sources can be taken from NXT or its clone NETX
We inherit code from the "open source" or "decompiled" version of NXT
Please Run a NETX Node
If you can run a NETX node, it will help us stabilize and secure the network. If you have invested in NXZ, it is beneficial to you to run a VPS to help to secure the NXZ network. Hallmarking your node helps the network, but is not necessary.
How-to directions on running a hallmarked VPS NETX node
Easily Deploy NETX on Thousands of your VPSs
How-to run NETX on your Raspberry Pi
NETX Videos
NETX Introduction
What is NETX? Discussion by Tai Zen and Leon Fu (24:56)
How to Mine NETX
How to Use NETX Client
How to Register Alias Tutorial
NETX Explained in Russian!
For all the hyper-links, you can go to our clone brother
https://bitcointalk.org/index.php?topic=422052.0Security Tips
- Do NOT use the passphrase for your NETX account on a VPS client. Only use your NETX passphrase on a local NETX client. Even if you connect to your VPS securely via SSH, you are still not safe because all VPSs have backdoors.
- 7874 (tcp) is used for P2P communication, the http web client and API commands. This is the only port that needs to be open to run NETX.
- 7875 (tcp) is used for the https web client.
Please leave a message here if you want a part of the 4 Billion coins that will be issued! That's right there will be 10 billion of NETX instead of 1 Billion. That's because we think NETX is like gold which can be used in valuable transactions meanwhile NETX is like silver and can be used in everyday.
There is no cost or way to acquire coins, only your interest would suffice and remember for your interest you can get four times the amount of NXT or NETX you can get.
We have good news to share!!
NXZ will be cloning this NEM announcement thread.
https://bitcointalk.org/index.php?topic=422129.0What this means for you?
If you're in the NEM genesis block, you'll automatically be included in the NETX genesis block.
The only difference is NETX will not require any contribution from people NETX is 100% free!!
We have complete faith in utopianfuture's integrity, so we believe donations and contributions to NEM are safe, and utopianfuture will put them to good use. And when he does, NETX will clone all the good features of NEM, so we don't have a need for a budget for development & community building at this stage.
We just want your 'love', and we promise to try and grow NETX into a top 10 NETX clone.
NXT is that nice crisp $50 in your pocket, NEM is a $20 ... NXZ is a crumpled up $5 NETX is that shiny $1 coin ... but if NETX establishes itself in the top handful of NXT clones it'll end up being useful, and valuable.
So to summarise, if you're 'interested' in NEM, then we're assuming you're 'interested in NETX.
And we're going to copy and clone everything we can from NXT & NEM & NEX so our development costs will be smaller, so we'll try and cover those from our own pockets. We might need some help later on, so feel free to offer, but for now we're not looking for any donations.
NETX will have a large number of accounts in the genesis block, and we've got a few marketing ideas that should insure we have enough people interested in NETX to run the client software.
NETX people know the power of community Grin
NETX simply exists for me to enter the KLONE project Smiley
Just post "INTERESTED"
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