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Author Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake  (Read 365186 times)
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September 28, 2016, 07:54:18 AM
 #841

I have an NXT wallet with around 50 Nxt. I know I won't forge probably anything with that. But would forging with 50 nxt protect the network as much as forging with 50,000,000 NXT. Or the more you have the better it's protected?

Nxt uses the Proof-of-Stake consensus system. The more stake(NXT) you have the more power you have to protect the network. Blockchains always want to protect themselves for 51% attacks, so if anyone has more than 51% of NXT, they could be able to create there own fork and do stuff like double spends. So the more people who forge, the less chance a hacker gets to manipulate the network. Sidenote: you need at least 1000 NXT to be able to forge. And you can lease your NXT to a leasing pool and you will get a percentage of what they are earning.

I forgot that you needed at least 1000. Also, if some one has 51% of NXT, how exactly can they fork it? I mean wouldn't code have to be involved.

If you rule the majority of a blockchains token (51% attack can happen in Bitcoin too) you can somehow (don't know how) confirm your own branches. More info here: https://en.wikipedia.org/wiki/Nxt. Nxt uses Proof-of-Stake instead of Proof-of-Work, such as Bitcoin does. Proof-of-Stake is better protected against 51% attacks because of the economic reason. You have to buy 51% of the coins (about $ 7 Million) and this demand will increase the price heavy. So probably they will pay $70 Million (just a prediction). Watch more info about Nothing-at-stake too: https://www.youtube.com/watch?v=pzIl3vmEytY

Bitcoin use Proof-of-Work (mining) and the miningpools control big parts of the Bitcoin hashrate (https://blockchain.info/pools), when they together reach 51% of the hashrate they can start spam the network. They don't have to buy coins, they just point their mining rigs to Bitcoin-mining (instead of another altcoin).

Hope this helps you understand. This mechanism was one of the reasons I joined Nxt, they think different and are more safe. 

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September 29, 2016, 04:45:25 PM
 #842

Seriously, what the hell is going on with NXT's price?

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September 29, 2016, 06:09:29 PM
 #843

Seriously, what the hell is going on with NXT's price?

Dump, dump, dump Sad
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September 29, 2016, 06:43:41 PM
 #844

still dumping.. so nxt dead ?

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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September 29, 2016, 08:56:53 PM
 #845

still dumping.. so nxt dead ?


When a coin is being dumped in the coinmarket, it doesn't mean it's dead. That is what I learned from years of being in this crypto world. People are just selling for (shortterm) profits because the price is still higher than before the Ardor snapshotting.

People still need NXT for the snapshot of the first childchain on Ardor, so I will expect a rise again. Maybe buy in cheap over a week...?  Smiley

Follow the latest blockchain news: https://twitter.com/blockchainguide
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September 30, 2016, 07:29:43 AM
 #846

It's now possible to trade #NXT on @livecoin_net exchange.
https://www.livecoin.net/en/news/view/181
#exchange #cryptocurrency

So after the 13th of October great possibility that #Ardor trading will also be possible on livecoin.

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September 30, 2016, 07:46:26 AM
 #847

still dumping.. so nxt dead ?


When a coin is being dumped in the coinmarket, it doesn't mean it's dead. That is what I learned from years of being in this crypto world. People are just selling for (shortterm) profits because the price is still higher than before the Ardor snapshotting.

People still need NXT for the snapshot of the first childchain on Ardor, so I will expect a rise again. Maybe buy in cheap over a week...?  Smiley

Not is still needed for upcoming snapshot projects isn´t it ?

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September 30, 2016, 09:02:50 AM
 #848

still dumping.. so nxt dead ?


When a coin is being dumped in the coinmarket, it doesn't mean it's dead. That is what I learned from years of being in this crypto world. People are just selling for (shortterm) profits because the price is still higher than before the Ardor snapshotting.

People still need NXT for the snapshot of the first childchain on Ardor, so I will expect a rise again. Maybe buy in cheap over a week...?  Smiley

Not is still needed for upcoming snapshot projects isn´t it ?

Yeah for IGNIS (1st child chain of Ardor) tokens, Q3 next year.
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October 01, 2016, 05:38:05 AM
 #849

still dumping.. so nxt dead ?


When a coin is being dumped in the coinmarket, it doesn't mean it's dead. That is what I learned from years of being in this crypto world. People are just selling for (shortterm) profits because the price is still higher than before the Ardor snapshotting.

People still need NXT for the snapshot of the first childchain on Ardor, so I will expect a rise again. Maybe buy in cheap over a week...?  Smiley


NXT price is still reasonably low. No need to worry too much.

And don't forget Ardor, with many new functions and codes, is expected to have quite some issues at the beginning of its launch. So it is not a good idea to sell all your NXT now. Smiley
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October 01, 2016, 12:05:35 PM
 #850

Introduction of the #Ardor Platform by Bas Wisselink (@Damelon) at #Bitcoin Wednesday!
#Nxt Foundation

https://youtu.be/NaxOYMmNVaM
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October 01, 2016, 12:30:14 PM
 #851

Important information about #Ardor distribution for #cryptocurrency #exchanges:
https://www.ardorplatform.org/Ardor-Exchange-Distribution-Guide
#Nxt #technology #blockchain
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October 01, 2016, 12:52:24 PM
 #852

NXT price down for now, but i hope will increase again after ARDOR distribution

Exchange who participated in distributing ardor it will automatically listed ardor in their exchange?
 


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October 01, 2016, 04:48:06 PM
 #853

NXT price down for now, but i hope will increase again after ARDOR distribution

Exchange who participated in distributing ardor it will automatically listed ardor in their exchange?
 

Why would price go up after Ardor distribution? If anything it'll go down further. I expected this dump after people got their Ardor, not before. Either it's whales trying to get cheaper NXT, or people have lost faith in NXT as a project. At this rate it'll be 1 satoshi by December. I'm just thrilled that I bought a grand of NXT at 3400. Talk about your horrible investments.

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October 01, 2016, 05:18:59 PM
 #854

NXT price down for now, but i hope will increase again after ARDOR distribution

Exchange who participated in distributing ardor it will automatically listed ardor in their exchange?
 

Why would price go up after Ardor distribution? If anything it'll go down further. I expected this dump after people got their Ardor, not before. Either it's whales trying to get cheaper NXT, or people have lost faith in NXT as a project. At this rate it'll be 1 satoshi by December. I'm just thrilled that I bought a grand of NXT at 3400. Talk about your horrible investments.

I think nxt will continue down. It has no use until the next snapshot which is about a year from now.
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October 01, 2016, 07:30:51 PM
 #855

NXT price down for now, but i hope will increase again after ARDOR distribution

Exchange who participated in distributing ardor it will automatically listed ardor in their exchange?
 

Why would price go up after Ardor distribution? If anything it'll go down further. I expected this dump after people got their Ardor, not before. Either it's whales trying to get cheaper NXT, or people have lost faith in NXT as a project. At this rate it'll be 1 satoshi by December. I'm just thrilled that I bought a grand of NXT at 3400. Talk about your horrible investments.

I think nxt will continue down. It has no use until the next snapshot which is about a year from now.

Wtf are you smoking? Next snapshot a year? Good grief brother, lay off the bct when you're that high.

Yes, the price SUCKSSSSSS! Ardor better be worth it in a couple weeks.
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October 01, 2016, 08:06:02 PM
 #856

NXT price down for now, but i hope will increase again after ARDOR distribution

Exchange who participated in distributing ardor it will automatically listed ardor in their exchange?
 

Why would price go up after Ardor distribution? If anything it'll go down further. I expected this dump after people got their Ardor, not before. Either it's whales trying to get cheaper NXT, or people have lost faith in NXT as a project. At this rate it'll be 1 satoshi by December. I'm just thrilled that I bought a grand of NXT at 3400. Talk about your horrible investments.

I think nxt will continue down. It has no use until the next snapshot which is about a year from now.

Wtf are you smoking? Next snapshot a year? Good grief brother, lay off the bct when you're that high.

Yes, the price SUCKSSSSSS! Ardor better be worth it in a couple weeks.

Im talking about the childchain Ingis. The snapshot for it is next year bright one.
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October 01, 2016, 10:31:16 PM
 #857

What will be the price on the day that the snapshot ends?

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farl4web
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October 02, 2016, 01:56:14 PM
 #858

What will be the price on the day that the snapshot ends?

Who knows... Roll Eyes

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kpierce77
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October 02, 2016, 11:23:26 PM
 #859

What will be the price on the day that the snapshot ends?

Who knows... Roll Eyes

Um, let me save you the suspense. Probably not good unfortunately.

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doriangray
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October 03, 2016, 12:47:45 AM
 #860

What will be the price on the day that the snapshot ends?

Who knows... Roll Eyes

Um, let me save you the suspense. Probably not good unfortunately.

I'm still very optimistic about the price. Everyone should train themselves to be a more positive thinker.

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