[ANN][NIM] - Nimiq - The Browser Based Blockchain

[rngkll]

so NET will become NIM during full launch of product
is there any special benefit to investors holding NET coin?

The special benefit of holding NET is to hold the very first NIM available. When Nimiq Blockchain is launched all available NIM will come from NET tokens, then because of mining rewards (which we expect to be very competitive due to how easy it is to mine) at the end of the first year of the Nimiq Blockchain 25% of the available supply will still be from original NET holders.

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[RitaDiOro]

Oh, this project passed along unnoticed and gathered lots of funds. I like that it's a real PoW project and premine will be really small!

[rngkll]

Oh, this project passed along unnoticed and gathered lots of funds. I like that it's a real PoW project and premine will be really small!

Thanks!. Just in case, there is no pre-mining. When the Final Nimiq Blockchain is launched 100% of the NIM will come from the NET sold in our Token Sale.

[dongqiang]

Can someone tell me what this project does uniquely that other coins dont already do? Are the developers behind this project this best to work on this project?

[rngkll]

Can someone tell me what this project does uniquely that other coins dont already do? Are the developers behind this project this best to work on this project?

Is the only Blockchain completely designed Browser-based to achieve real simplicity in Blockchain Technology. Our Browser-based approach aims to lower barriers of entry for users, developers and merchants.

Users: Browser-based means that it runs completely in your Browser without any installation required (check Betanet). The first time you open a Nimiq Wallet with your browser, it will create and store a wallet securely in your Browser. Yyou can export/import your keys. The only way of erasing them is by removing the offline data of your Browser. It also make possible features like Cashlinks: Transfer Nimiq within a simple URL that you can send in WhatsApp, Telegram, SMS, etc. The users who opens the link will be redirected to his very Browser Wallet and NIM will be added to his Balance.



Developers: The code for the Nimiq Blockchain is public and completely written in Javascript. This way most developers are empowered to build applications using Nimiq. Nimiq will validate the security of community applications but we encourage community memmbers to contribute. Some examples of community applications: Nimiq Faucet, Nimiq Block Explorer, Nimiq Chrome Extension.

Merchants: We plan to create an entire Ecosystem of applications that will make it easy for any Merchant to accept Nimiq. One of the core applications of the Nimiq Ecosystem is the Peer-To-Peer Exchange which aims to serve as a frictionless platform to easily get in and out of Nimiq. Check our Blog for more.

[MrRig]

Can I use my smartphone to mine NIM?

You can mine but you are not likely to find a block in maybe years. And don't forget the fast battery drain.
My desktop browser (core i7) showed on testnet, which has low hashrate, 2.6 days to find a block.

The current PoW for the Betanet is SHA256. We plan to use a Memory-bound PoW Algorithm in the MainNet which will make Hashrate for Desktops and Mobiles similar because Hashrate in a Memory-bound PoW Algorithm is defined by Memory Latency instead of CPU Clockspeed

Isn't it quite possible that a lot of miners with GPUs will begin mining? You wouldn't be able to compete with a browser in that case. A pool for browser mining could help a little

[rngkll]

Can I use my smartphone to mine NIM?

You can mine but you are not likely to find a block in maybe years. And don't forget the fast battery drain.
My desktop browser (core i7) showed on testnet, which has low hashrate, 2.6 days to find a block.

The current PoW for the Betanet is SHA256. We plan to use a Memory-bound PoW Algorithm in the MainNet which will make Hashrate for Desktops and Mobiles similar because Hashrate in a Memory-bound PoW Algorithm is defined by Memory Latency instead of CPU Clockspeed

Isn't it quite possible that a lot of miners with GPUs will begin mining? You wouldn't be able to compete with a browser in that case. A pool for browser mining could help a little

Yes, we expect users to use specialized hardware. But since we plan to use a Memory bound PoW, browsers will always stand a chance since the memory latency in browser's RAM is not low compared to GPU.

Mining pools will probably be available soon. Some Community members are already experiment with our code.

[tyson187]

when will net/nim be on bittrex ?

[MrRig]

Yes, we expect users to use specialized hardware. But since we plan to use a Memory bound PoW, browsers will always stand a chance since the memory latency in browser's RAM is not low compared to GPU.

Mining pools will probably be available soon. Some Community members are already experiment with our code.

Thanks for clearing this up. Sounds solid!

[WilderX]

Can I use my smartphone to mine NIM?

You can mine but you are not likely to find a block in maybe years. And don't forget the fast battery drain.
My desktop browser (core i7) showed on testnet, which has low hashrate, 2.6 days to find a block.

The current PoW for the Betanet is SHA256. We plan to use a Memory-bound PoW Algorithm in the MainNet which will make Hashrate for Desktops and Mobiles similar because Hashrate in a Memory-bound PoW Algorithm is defined by Memory Latency instead of CPU Clockspeed

Isn't it quite possible that a lot of miners with GPUs will begin mining? You wouldn't be able to compete with a browser in that case. A pool for browser mining could help a little

Yes, we expect users to use specialized hardware. But since we plan to use a Memory bound PoW, browsers will always stand a chance since the memory latency in browser's RAM is not low compared to GPU.

Mining pools will probably be available soon. Some Community members are already experiment with our code.

Memory bound PoW. Really interesting. Looking forward to the NainNet.

[endlessskill]

Great unique coin with big potential. 
Waiting for mainnet!

[rngkll]

Great unique coin with big potential.  
Waiting for Mainnet!

Thanks for the support. Make sure to check our youtube channel where a couple of Vloggers have been documenting our journey. We also post Community Q&As and will be adding technical interviews.

[rngkll]

Under the Radar Cryptocurrency Review - Nimiq

Check this Review of Nimiq from a community member

[rngkll]

VLOG Update: Pascal's Jungle DB

In this VLOG we comment about our newest creation: JungleDB, a simple database abstraction layer for NodeJS (LevelDB) and Browsers (IndexedDB) supporting advanced features such as transactions with read-isolation and secondary indices.

Learn more about JungleDB in our GitHub repository

[anderson705]

I`ll be looking forward to tracking the progress of NIMIQ.

[btw50]

VLOG Update: Pascal's Jungle DB

In this VLOG we comment about our newest creation: JungleDB, a simple database abstraction layer for NodeJS (LevelDB) and Browsers (IndexedDB) supporting advanced features such as transactions with read-isolation and secondary indices.

Learn more about JungleDB in our GitHub repository

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[Dedewahyu]

i'm running betanet on my office computer, and the computer can access with other people, how to secure my wallet and my mining on that browser?

[rngkll]

i'm running betanet on my office computer, and the computer can access with other people, how to secure my wallet and my mining on that browser?

You can probably use Betanet with your personal user and lock the computer when you're not around  . Same as you do with your BT, you can't leave your Browser open or someone from the office might post in your behalf.

[Boing7898]

Price now lower than ICO... Eternal Question: better to buy in exchanges after ICO or better take part in ICO? I think, better wait exchanges ( if big cup).

[TronQuix]

super super super pumped on this project. great idea. would love to have gotten in on ICO