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

[rngkll]

VLOG Update: Robin's Mind Mapped - Nimiq Design

In our latest VLOG Robin, Creator and Architect of the Nimiq Blockchain, walks us through the current Nimiq design & Eco-system approach.

To learn more about Nimiq's technical details check our Blog Post: Nimiq: A Frictionless Payment Protocol Native to the Web

[CryptoNeed]

VLOG Update: Robin's Mind Mapped - Nimiq Design

In our latest VLOG Robin, Creator and Architect of the Nimiq Blockchain, walks us through the current Nimiq design & Eco-system approach.

To learn more about Nimiq's technical details check our Blog Post: Nimiq: A Frictionless Payment Protocol Native to the Web

I really like how the team is trying to cover everything by video. God job

[rngkll]

I look forward to mine that coin! I'll be mining some NET, but they are not worth anything! But expectation for this project is the best! When will the true mining begin? Or will the testing phases end?

We are aiming for December.

[kosaet]

Just started testnet mining this is huge..
Can i run on different browser in single PC?

[rngkll]

Just started testnet mining this is huge..
Can i run on different browser in single PC?

Yes you can. Each browser will have a different wallet though. You can use the same wallets in several devices by exporting your private key and then importing it in other devices. Check our FAQ for more information.

[tleilaxu_eyes]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

[rngkll]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

Our biggest challenge is to hide the complexity of Cryptocurrencies achieving simple and easy to use applications for every day transactions that anyone can use regardless of their technical knowledge. This of course includes security, UI/UX design, instant transactions, security, etc.

[Zer0p0inT]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

Our biggest challenge is to hide the complexity of Cryptocurrencies achieving simple and easy to use applications for every day transactions that anyone can use regardless of their technical knowledge. This of course includes security, UI/UX design, instant transactions, security, etc.

Dash already has all that...how will you guys compete with Dash, I just feel like they are way ahead of the game compared to all other coins. If in fact NET accomplishes these features, what will set it apart from Dash?

[rngkll]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

Our biggest challenge is to hide the complexity of Cryptocurrencies achieving simple and easy to use applications for every day transactions that anyone can use regardless of their technical knowledge. This of course includes security, UI/UX design, instant transactions, security, etc.

Dash already has all that...how will you guys compete with Dash, I just feel like they are way ahead of the game compared to all other coins. If in fact NET accomplishes these features, what will set it apart from Dash?

Nimiq's design is entirely focused in mass adoption, every feature of our Blockchain and Ecosystem seeks to hide the complexity of Cryptocurrencies to the everyday user. Nimiq aims to do with the whole Cryptocurrency space what GoogleDocs is doing to Microsoft Office and other Office Suites. Nimiq is disruptive, we think out of the box so it is difficult to compare us with any existing project

Our approach is quite different from Dash, we aim for simplicity and mass adoption by using the following features:

- Nimiq is written in Javscript which enables it to be fully Browser based. You can run a full node in your Browser.
- You don't need to install any software or application to start using Nimiq. Just visit a Webpage
- All transactions in the Nimiq Network are truly instant and low-fee. Not just using Masternodes (which arguably brings centralization to a decentralized network). We use an approach based in Lightning Network to achieve this features.
- Nimiq's Blockchain is the smallest more compact (which makes it more secure) Blockchain, this enables browsers to download sync information and achieve true consensus in seconds.
- Nimiq Blockchain is the easiest Cryptocurrency to develop with. Proof of that  are the community applications already built using Nimiq. Like: Nimiq Chrome Extension, Nimiq Faucet, Nimiq Blockchain Explorer, among others. Its as easy as this.

[bigvito19]

So should I just stop mining these coins since I won't be able to do anything with them when the mainnet launches?

[rngkll]

So should I just stop mining these coins since I won't be able to do anything with them when the mainnet launches?

If you want to. Is meant for testing 

[wadomdurman]

Looking good project and unique but how can I Increase the hash rate by internet speed or CPU processor !! And if I run multiple browser in one PC it would be same hashrate or !!

[magnebit]

So, it is a miner in a browser?   not the browser in the blockchain like FAI?

[Dedewahyu]

Can i save my NET from mining at betatestnet? If mainnet live...

[metallicelmo]

Can i save my NET from mining at betatestnet? If mainnet live...

No these are just for testing. I believe they will reset when mainnet is launched as far as I know

[Zer0Sum]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

Both security and efficiency.

There is a reason nodes are optimized in C++ and use a lot of resources...
Browsers and js were never meant for general purpose computing and are klunky memory hogs...
All the projects that tried torrenting through browsers had to drop it and move to IFPS.

If you guys just say "browsers are awesome" blah, blah, blah... why spend 2 hours learning more? 

[rngkll]

So, it is a miner in a browser?   not the browser in the blockchain like FAI?

It is a Browser based Blockchain and an entire Browser based Ecosystem of applications. Browser mining is just an small part of it.

It is a Blockchain designed to run natively in a Browser

[rngkll]

Very interesting indeed. Watching this

What will be this project's biggest challenge? Security, efficiency, or...?

Both security and efficiency.

There is a reason nodes are optimized in C++ and use a lot of resources...
Browsers and js were never meant for general purpose computing and are klunky memory hogs...
All the projects that tried torrenting through browsers had to drop it and move to IFPS.

If you guys just say "browsers are awesome" blah, blah, blah... why spend 2 hours learning more?  

We don't expect for Browser miners to be the soul of the project. The key aspect of Nimiq is that you can actually run a full node in you browser without any installation (you can't do that we any other Blockchain). There are already other implementations of miners by community members using our API, which we encourage.

Now, I disagree that today's browsers are not meant for general computing. Most of the applications you use everyday are Browser based and I think that trend is only going to continue.

You can find more information about miners build by community members here.

[metallicelmo]

So, it is a miner in a browser?   not the browser in the blockchain like FAI?

I would describe it as a new cryptocurrency, designed to be easy to use and does not need any tools or software to run. It looks and works the same on all operating systems.  All you need is a browser and today every computer or phone or tablet has one built in already. Just go to the website and you're in. Mining starts automatically, maybe it would be an idea to let users choose if they want to turn on mining but it's still work in progress. I can't wait for mainnet release

[metallicelmo]

So are there any more exchanges willing to trade Nimiq? Right now there are only a few smaller exchanges. It would help spread word about this one if more exchanges would list NET as it is today