The 2.0 throwdown thread

[BitcoinNational]

Walter Sobchak: So you have no frame of reference here, Donny. You're like a child who wanders into the middle of a movie and wants to know...

[Sebastien256]

Nxt now has the "Data Cloud" feature on mainnet (with NRS 1.7.3e).

This feature allows to upload lightweight data files directly to the blockchain. The files are also very easy to upload, download and search. As an example, this feature is perfect to put torrent files onto the blockchain.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

[jabo38]

NEM has a centralized app being built on it called DragonFly that can now be mentioned in that sections of the chart.  It is a remittance app using NEM on the back end for international transfers. 

http://www.dragonflyfintech.com/#welcome

Here is a news article that announces a partnership with DragonFly and a major Japanese Bank.  http://allcoinsnews.com/2015/12/17/dragonfly-inks-deal-with-nomura-sbi-sumishin-net-bank-offering-nem-blockchain-based-solution/

[sidhujag]

Nxt now has the "Data Cloud" feature on mainnet (with NRS 1.7.3e).

This feature allows to upload lightweight data files directly to the blockchain. The files are also very easy to upload, download and search. As an example, this feature is perfect to put torrent files onto the blockchain.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

So you just store magnet links to torrent data which is served up like a p2p bittorrent network? How is that different than what these other projects are doing but they also include ability to sell storage space?

In the end you may have a case where you need some information that you dont have stored and its not on the cloud anymore all you have is a magnet link with no peers. Is this correct?

[Sebastien256]

Nxt now has the "Data Cloud" feature on mainnet (with NRS 1.7.3e).

This feature allows to upload lightweight data files directly to the blockchain. The files are also very easy to upload, download and search. As an example, this feature is perfect to put torrent files onto the blockchain.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

So you just store magnet links to torrent data which is served up like a p2p bittorrent network? How is that different than what these other projects are doing but they also include ability to sell storage space?

In the end you may have a case where you need some information that you dont have stored and its not on the cloud anymore all you have is a magnet link with no peers. Is this correct?

As far as I understand, it can be used with magnet link where DHT network is used. If there is no peer, of course the file cannot be retrieve. Im not expert in torrent, I was just giving an example. In fact, I'm not sure to understand your question.

The Data Cloud feature allow you to upload any small file on the blockchain (not just torrent). Here is a screen shot since an image worth a thoushand words:


Note also that this is the first version of the GUI.

For more information, I suggest you try the client (1.7.3e) or ask question directly on the forum in this topic:
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

[sidhujag]

Nxt now has the "Data Cloud" feature on mainnet (with NRS 1.7.3e).

This feature allows to upload lightweight data files directly to the blockchain. The files are also very easy to upload, download and search. As an example, this feature is perfect to put torrent files onto the blockchain.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

So you just store magnet links to torrent data which is served up like a p2p bittorrent network? How is that different than what these other projects are doing but they also include ability to sell storage space?

In the end you may have a case where you need some information that you dont have stored and its not on the cloud anymore all you have is a magnet link with no peers. Is this correct?

As far as I understand, it can be used with magnet link where DHT network is used. If there is no peer, of course the file cannot be retrieve. Im not expert in torrent, I was just giving an example. In fact, I'm not sure to understand your question.

The Data Cloud feature allow you to upload any small file on the blockchain (not just torrent). Here is a screen shot since an image worth a thoushand words:


Note also that this is the first version of the GUI.

For more information, I suggest you try the client (1.7.3e) or ask question directly on the forum in this topic:
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

Yea i see where they are going., its a neat idea for sure to solve the bandwidth requirement issue although bitcoins ibd is pretty good at that with pruning to limit storage costs.. What im doing with syscoin is storing on chain for my services (only a few kb) which i could have done this way but decided that a deterministic data retrieval was more important than saving bandwidth, not to mention easier to understand and less moving parts.. While seperating concerns between the problem of bandwidth and using that data.. Id say bitcoin devs will come up with ways tto solve the issue which i can leverage instead of complicating the setup with workarounds like dht.

[Sebastien256]

There is the possibiliy of pruning data too in Nxt. There is two type of node, archive and normal node. So Nxt Cloud should not used too much space on normal node since after a while (90 days if transaction not renew) only the hash of the transaction is keep on the normal blockchain, but the data is still available on the archive chain.

[sidhujag]

There is the possibiliy of pruning data too in Nxt. There is two type of node, archive and normal node. So Nxt Cloud should not used too much space on normal node since after a while (90 days if transaction not renew) only the hash of the transaction is keep on the normal blockchain, but the data is still available on the archive chain.

But your distributing data via dht so its not deterministic, depends on seeds. If it was stored on archive nodes then it would make more sense

[box0211]

link to test out the nxt file storage feature? what is the max file size and fee cost?

[Sebastien256]

There is the possibiliy of pruning data too in Nxt. There is two type of node, archive and normal node. So Nxt Cloud should not used too much space on normal node since after a while (90 days if transaction not renew) only the hash of the transaction is keep on the normal blockchain, but the data is still available on the archive chain.

But your distributing data via dht so its not deterministic, depends on seeds. If it was stored on archive nodes then it would make more sense

dht is for torrent or magnet file, nothing to do with nxt peers as far as I know(I could be wrong, you seems a technical guy). Archive node store the magnet link after 90 days before that all node store it on the blockhain.

 

[Sebastien256]

link to test out the nxt file storage feature? what is the max file size and fee cost?

At the moment you need to install 1.7.3 mainnet or use the tesnet.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

There is no demo link yet for this feature.

Im not 100% sure, but I think it is 1 NXT (not sure, but probably more) for 42Kb (maximum size) of prunable data (90 days on normal node and indefinitly on archive node), or 1 NXT for each 32bytes of permanent data on normal node (maximum size 160 bytes).

So this feature is for lightweight data files.

I think you can get the info on this link:
https://nxtforum.org/nrs-releases/nrs-v1-7-0e/

otherwise please feel free to ask for info directly in this topic
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

[box0214]

link to test out the nxt file storage feature? what is the max file size and fee cost?

At the moment you need to install 1.7.3 mainnet or use the tesnet.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

There is no demo link yet for this feature.

Im not 100% sure, but I think it is 1 NXT (not sure, but probably more) for 42Kb (maximum size) of prunable data (90 days on normal node and indefinitly on archive node), or 1 NXT for each 32bytes of permanent data on normal node (maximum size 160 bytes).

So this feature is for lightweight data files.

I think you can get the info on this link:
https://nxtforum.org/nrs-releases/nrs-v1-7-0e/

otherwise please feel free to ask for info directly in this topic
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

thanks will have to test out this file hosting thing.

[Abiky]

Nxt now has the "Data Cloud" feature on mainnet (with NRS 1.7.3e).

This feature allows to upload lightweight data files directly to the blockchain. The files are also very easy to upload, download and search. As an example, this feature is perfect to put torrent files onto the blockchain.
https://nxtforum.org/nrs-releases/nrs-v1-7-3e/

This is a very useful feature of the NXT platform. NXT sure has some good developments going on, but sometimes I wonder why price is so cheap when compared to other crypto 2.0 I think that the best crypto 2.0 out there are none other than Ripple, Ethereum and NXT. If big companies get to invest into of these crypto currencies, then we might be able to see a positive trend in probable Bitcoin replacements. All of them have great and better technologies than Bitcoin, but still Bitcoin remains at the top being the pioneer of the Blockchain technology. 

I have invested a lot into those mentioned cryptos by the way, hoping to gain profits once they rise both in price and demand. 

[entertheabyss]

2.0 is so 2000s prepare for crypto 3.0!!!!!