[ANN] Nxt :: descendant of Bitcoin

[Fuserleer]

This VISA scale thing should belong to other thread, if you don't mind.

Handling large transaction volumes aren't a concern for you?  Oh dear....

[billotronic]

This VISA scale thing should belong to other thread, if you don't mind.

Then whats the point? Without the ability to take on the status quo, this will be just another pump and dump scamcoin bullshit.

[klee]

So all the scared emunie trolls are here 

[Fuserleer]

So all the scared emunie trolls are here 

All?? lol  I was merely pointing out that $1500 to $2m in 6 months in such a saturated alt-coin marketplace ain't going to happen, not in that timeframe without bringing some serious minerals to the table.

  at this place sometimes, you guys flame the hell out of stuff that is only marginally far-fetched, yet jump in the corner of something that is total absurdity.

Plus, scared?? Did you not read what we are packing? 

[klee]

So all the scared emunie trolls are here 

All?? lol  I was merely pointing out that $1500 to $2m in 6 months in such a saturated alt-coin marketplace ain't going to happen, not in that timeframe without bringing some serious minerals to the table.

  at this place sometimes, you guys flame the hell out of stuff that is only marginally far-fetched, yet jump in the corner of something that is total absurdity.

Plus, scared?? Did you not read what we are packing? 

Hell I buy almost any coin, yours too for sure 

I am in a troll mood/mode don't take me very seriously 

[BCNext]

This VISA scale thing should belong to other thread, if you don't mind.

Handling large transaction volumes aren't a concern for you?  Oh dear....

I meant you shouldn't derail this thread.

[BCNext]

Then whats the point? Without the ability to take on the status quo, this will be just another pump and dump scamcoin bullshit.

Nxt requires 10 times less bandwidth and storage.  It uses signing algorithm which is faster than Bitcoin's one.  Thus it can scale to a higher degree than Bitcoin can.  There is no an implemented decentralized solution of the VISA volume problem yet.  Should we sit and do nothing waiting for it?

[Come-from-Beyond]

Nxt requires 10 times less bandwidth and storage.  It uses signing algorithm which is faster than Bitcoin's one.  Thus it can scale to a higher degree than Bitcoin can.  There is no an implemented decentralized solution of the VISA volume problem yet.  Should we sit and do nothing waiting for it?

At least u stick to the reality, I'm tired of geniuses who state they can solve any problem.

[Fuserleer]

Nxt requires 10 times less bandwidth and storage.  It uses signing algorithm which is faster than Bitcoin's one.  Thus it can scale to a higher degree than Bitcoin can.  There is no an implemented decentralized solution of the VISA volume problem yet.  Should we sit and do nothing waiting for it?

At least u stick to the reality, I'm tired of geniuses who state they can solve any problem.

Likewise, I'm tired of "geniuses" that state solved or solvable problems can not be...if I had listened to every naysayer that tooted that frame of mind at me I wouldn't of achieve a 10th of what I have in my life....so I'll just carry on breaking the "rules" shall I?

[BCNext]

I am faced with the dilemma

1]  Implement Ed25519 signature in JavaScript  =>  Users do not need to install a client, they will open a browser and connect to someone's else client available on the Internet  =>  Number of peers will be small
2]  Leave Ed25519 signature on back-end side  =>  Users need to install a client  =>  Number of peers will be much greater

Any suggestions?

[stdset]

I am faced with the dilemma

1]  Implement Ed25519 signature in JavaScript  =>  Users do not need to install a client, they will open a browser and connect to someone's else client available on the Internet  =>  Number of peers will be small
2]  Leave Ed25519 signature on back-end side  =>  Users need to install a client  =>  Number of peers will be much greater

Any suggestions?

IMO user friendlyness is more important. If a user doesn't need to install anything, that's great. Only extremely user friendly products achieve wide adoption. Eventually, greater userbase most likely will result in greater number of fullnodes.

[BCNext]

Good point.  I think after the launch I will create a Google Cloud version of the client to remove such obstacle as necessity to run software locally or care about hosting.

[BCNext]

UPDATE

Implemented bootstrapping and longest chain selection.
Max number of transactions per block is limited to 10 (to test transaction selection algorithm).
Added a bar with advanced features buttons (to show future features to those who don't read this forum).

http://88.198.210.245:7875/

http://5.135.165.137:7875/ should join later

[BCNext]

You don't need to mine Nxt.  It's 100% proof-of-stake coin.

[tstang]

Interesting proof of concept.

At least you can save the world by reducing the amount of electricity for miming.

You have another follower.

[klee]

Good point.  I think after the launch I will create a Google Cloud version of the client to remove such obstacle as necessity to run software locally or care about hosting.

+1

[BCNext]

I would like to get your feedback on Decentralized App Store (https://bitcointalk.org/index.php?topic=317607.0)

[Geo_log]

1]  Implement Ed25519 signature in JavaScript  =>  Users do not need to install a client ..

- doesn't user in any case need to install (and run) a client in order to make some profit from PoS mining with his stake?

[BCNext]

Yes, they do.  But if someone owns a little stake they can choose not to bother.

[BCNext]

Could anyone point me to a fast Ed25519 implementation in Java?  The current version uses a reference implementation and spends more than a whole second to verify a single signature.  This creates a lot of problems with transaction processing.  I could use C++ but this would lead to necessity to split the client into Linux and Windows branches.