NXT :: descendant of Bitcoin - Updated Information

[NxtChoice]

We need some post with list of NXT projects in development / short description / link and addresses to support.
I have some NXT reserved to help but just don't know where to send them to make good use of it.
I give 5k NXT bounty to create such post. Text needs to be accepted by some trustworthy user here and placed on board by him.

Thanks for your support.

I have compiled a post (see my signature) to focus on Nxt projects, and I will update it to add more details on those projects.

[bitcoinpaul]

Everyone should read this.
https://bitcointalk.org/index.php?topic=407388.0
Does anyone know who is the author of the article ? He should be nominated for a reward in article category.

So here is the trillion dollar question: How do you arrive at a series of unpredictable but consensus verifiable number without proof of work? This is NXT's key innovation.

There we have it. Trillion dollar market cap at least  

What we are talking about here is the possibility of a decentralized crypto with instant transactions. No more waiting around for confirmations, as with Bitcoin. This is the first Holy Grail of NXT.

Furthermore, you could, in theory, rather than broadcasting your transactions to the whole network, send them directly to the next block author.
...
This could potentially allow NXT to match or even surpass Visa’s transaction load. This is the second Holy Grail.

Get it?! Marvelous!

Fortunately, there is one good reason to expect that it will change. That reason is that, even for the dragons themselves who sit atop vast hordes, it is not in their own interest to horde their own coins. With a little luck these individuals will realize that if they continue to horde their coins, then someone else will simply copy the code/idea and release “Even-NXT-er” with fairer distribution, and they will be left out in the cold, lords of the world’s metaphorically largest pile of valueless abstraction. To any dragons who may be reading this, I want ask you rhetorical question that I hope will take very seriously. Is it better to be 1/20th owner of all the shit in the world, or 1/100th owner of all the gold?

Read this and act in a proper manner. Thanks.

[EmoneyRu]

What is with that faq and "voting"?

http://www.nxt-e.com/help.aspx#faq

Is that some sort of betting system you're building?

And FAQ is about NXTE.com not NXT-E.com

_{Expanding FAQ in Fx looks bad}

[superresistant]

http://www.nxt-e.com

If you can get this online and lophie has his online, too, this would be an important step for the Nxt community.
Finally more places to trade. More=good.
I like flat fee.

Great site yan83.
Link to lophie site ?

[abuelau]

We need some post with list of NXT projects in development / short description / link and addresses to support.
I have some NXT reserved to help but just don't know where to send them to make good use of it.
I give 5k NXT bounty to create such post. Text needs to be accepted by some trustworthy user here and placed on board by him.

I think this is a great idea! I'm working a lot on mynxt.info and I got Nxt donations from pouncer and bybitcoin (many thanks) for the 20 public nodes I setup as part of their bounties program but nothing so far for the blockchain explorer and alerts system I developed, and their bounties thread is now closed.

The nxt I got won't last much, I have a lot in the pipeline and a little support would go a long way.

[nxtuser]

If there are some accounts with substancial amounts of NXT which are nobody's property and have weaker passwords than maybe we could create special thread to organise group cracking.

I'm sure a lot of people would like to use script/program to make such group brute force treasure hunting
It could be constructed in similar way as altcoins pool mining with system of distribution f.e. lucky one would get half of found NXTs and the rest of could get proportional part of other half. Also it could be a simple solo treasure hunting.

This would be great for increasing NXT community and would be simply fun. In future because of growing amounts of NXT's lost in void it would become even more successful. What do you think about it?

I thought about this "darkNXT mining" recently. The problem is that to be successful, a somewhat large number of "miners" needed, and they need to be committed, i.e. no to abandon mining after a week or so without payouts.

Let's do some math. Complexity to "break" an account without a public key is 2^64, or 2^63 on average. According to earlier replies in this thread, there are about 1'000 accounts without public key, or about 2^10. Thus, on 2^53 work on average until at least one account is "broken".

The speed limiting factor is generating of public key from a (random) private key, the reasonable (yet optimistic) estimate is about 8'000-10'000 per second per CPU core, or 2^13.2 per second per CPU core. For 2^53 work this translates to 2^39.8 CPUcore-seconds, or about 110 million CPUcore-days / 300'000 CPU-core-years.

If we are very optimistic and assume that all miners are quad-core and that it is possible to 8x accelerate code by using e.g. AVX, then we'll be looking at "only" about a 3'500'000 Quad-core CPU day / 9'400 Quad-core CPU-years. GPUs won't reduce that figure more than tenfold (and that is *very* optimistic assumption).

So I am not convinced we have enough computing power to reliably mine darkNXT at this moment... To unlock one account per month (with current software) we'll need about 1 million "miners". For highly-optimized (and yet-to-be-seen) software that number drops to about 120'000, which is still pretty high number.

[EmoneyRu]

We need some post with list of NXT projects in development / short description / link and addresses to support.
I have some NXT reserved to help but just don't know where to send them to make good use of it.
I give 5k NXT bounty to create such post. Text needs to be accepted by some trustworthy user here and placed on board by him.

I think this is a great idea! I'm working a lot on mynxt.info and I got Nxt donations from pouncer and bybitcoin (many thanks) for the 20 public nodes I setup as part of their bounties program but nothing so far for the blockchain explorer and alerts system I developed, and their bounties thread is now closed.

The nxt I got won't last much, I have a lot in the pipeline and a little support would go a long way.

At the beginning it existed.

[notsoshifty]

http://www.nxt-e.com

Nxt/BTC  Nxt/LTC  BTC/LTC

Currently under development, after the test, will be on line

•FAST: High-frequency trading engine;Treadoff;Auto deposit/withdrawal ; Asp.net Ajax scaleable infrastructure
•SECURE: sensitive operations secured by Trade PIN; No Bitcoins stored on our servers, ever
•MOBILE: Fully-responsive site. Trade anywhere, with full market data and interactive charts at your fingertips!
•GOOD VALUE:  flat 0.15% trading fee
•SERVICE: A queue handling system for customers.

Client fund safety is our only goal. Hope NXT shareholders can help us, let us strive to Nxt community, thank you very much.

Looks great!

The site is online now, does that mean it's safe to use, or still in development/testing phase?

[dzarmush]

http://www.nxt-e.com

Nxt/BTC  Nxt/LTC  BTC/LTC

Currently under development, after the test, will be on line

•FAST: High-frequency trading engine;Treadoff;Auto deposit/withdrawal ; Asp.net Ajax scaleable infrastructure
•SECURE: sensitive operations secured by Trade PIN; No Bitcoins stored on our servers, ever
•MOBILE: Fully-responsive site. Trade anywhere, with full market data and interactive charts at your fingertips!
•GOOD VALUE:  flat 0.15% trading fee
•SERVICE: A queue handling system for customers.

Client fund safety is our only goal. Hope NXT shareholders can help us, let us strive to Nxt community, thank you very much.

Please remove this. I spent 1 minute on the site and it made me sick.




Also I hit "Register" and nothing happened. I hit one more time and got this.

[mnightwaffle]

too good

edit
LTC pair is bringing up chinese 404 errors with pics of semi-homeless looking kids ?  
why chinese when twitter is @ Norway

[feeleep]

Guys - I am trying to setup hallmarked node and I followed the guide - everything runs properly except that my node is always few blocks behind (like 2-3) but on correct chain. Any idea why it is happening?

feeleep

[newcn]

http://www.nxt-e.com

Nxt/BTC  Nxt/LTC  BTC/LTC

Currently under development, after the test, will be on line

•FAST: High-frequency trading engine;Treadoff;Auto deposit/withdrawal ; Asp.net Ajax scaleable infrastructure
•SECURE: sensitive operations secured by Trade PIN; No Bitcoins stored on our servers, ever
•MOBILE: Fully-responsive site. Trade anywhere, with full market data and interactive charts at your fingertips!
•GOOD VALUE:  flat 0.15% trading fee
•SERVICE: A queue handling system for customers.

Client fund safety is our only goal. Hope NXT shareholders can help us, let us strive to Nxt community, thank you very much.

good!
it would be perfect if https is implemented.

[Jean-Luc]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Experimental version 0.5.4e is available at:

http://download.nxtcrypto.org/nxt-client-0.5.4e.zip

sha256: 56b84fbcaecedb276ca2ca478c2af0fe3177da184c53863a5fb37f2807d4e451


Change log:

Added Arbitrary Messages code, to be enabled at block 40000.

New API requests added:

getAliasId
http://localhost:7874/nxt?requestType=getAliasId&alias=alias
returns the id of the alias given alias name

getAccountBlockIds
http://localhost:/7874/nxt?requestType=getAccountBlockIds&account=account&timestamp=timestamp
returns the blockIds generated by the account after timestamp

getState will now also return cumulativeDifficulty and totalEffectiveBalance.
This allows the chance of an account to forge a block to be calculated by the user as
myEffectiveBalance/totalEffectiveBalance.

Significant memory consumption and performance optimizations to reduce the load
on the GC and the total memory requirements. It should be possible to run with -Xmx512M
if needed, more is better but should not be necessary. I hope Raspberry users will be
happy with this release.

This is experimental because of the multiple memory related optimizations, but should
perform better than 0.5.3.


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[instacalm]

Cheers Jean-Luc.

[Passion_ltc]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Experimental version 0.5.4e is available at:

http://download.nxtcrypto.org/nxt-client-0.5.4e.zip

sha256: 56b84fbcaecedb276ca2ca478c2af0fe3177da184c53863a5fb37f2807d4e451


Change log:

Added Arbitrary Messages code, to be enabled at block 40000.

New API requests added:

getAliasId
http://localhost:7874/nxt?requestType=getAliasId&alias=alias
returns the id of the alias given alias name

getAccountBlockIds
http://localhost:/7874/nxt?requestType=getAccountBlockIds&account=account&timestamp=timestamp
returns the blockIds generated by the account after timestamp

getState will now also return cumulativeDifficulty and totalEffectiveBalance.
This allows the chance of an account to forge a block to be calculated by the user as
myEffectiveBalance/totalEffectiveBalance.

Significant memory consumption and performance optimizations to reduce the load
on the GC and the total memory requirements. It should be possible to run with -Xmx512M
if needed, more is better but should not be necessary. I hope Raspberry users will be
happy with this release.

This is experimental because of the multiple memory related optimizations, but should
perform better than 0.5.3.


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API for AM?

[Pouncer]

Thanks for your service. Another donation on the way....
https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dDhkdUtLQnJ1T2k5RTRwZ3lPbVloTXc&usp=drive_web#gid=5

We need some post with list of NXT projects in development / short description / link and addresses to support.
I have some NXT reserved to help but just don't know where to send them to make good use of it.
I give 5k NXT bounty to create such post. Text needs to be accepted by some trustworthy user here and placed on board by him.

I think this is a great idea! I'm working a lot on mynxt.info and I got Nxt donations from pouncer and bybitcoin (many thanks) for the 20 public nodes I setup as part of their bounties program but nothing so far for the blockchain explorer and alerts system I developed, and their bounties thread is now closed.

The nxt I got won't last much, I have a lot in the pipeline and a little support would go a long way.

[Come-from-Beyond]

API for AM?

http://localhost:7874/nxt?requestType=sendMessage&secretPhrase=123&recipient=634564578&message=HEX_STRING&fee=1&deadline=1440&referencedTransaction=34537483465

referencedTransaction can be omitted.

[EmoneyRu]

If I hardcode 136941 first blocks and run it at single node will my chain win? Why not?

- Anyway, the release client has a restriction that it will never switch onto a fork >720 blocks old (not sure about this one?)

They we'll have to manually destroy forks. Who chooses which one is true?

[Come-from-Beyond]

They we'll have to manually destroy forks. Who chooses which one is true?

We need 720 coz TF doesn't work at full potential. Later 720 will be removed.

[pandaisftw]

Total badass, low-cost, always on, client / hallmark node for the home:



Dual-Core ARM, 2Gig RAM, 8Gig fast Flash onboard, GigEthernet, sub-100$
http://docs.cubieboard.org/products/start#cubietruck_cubieboard3

Curious, where can you get one for under $100? And how hard would it be to set up a node on it?

I have ordered it last night and I will get it in hand tomorrow.

Presently I am running a Raspberry PI node, however, it's very slow, especially I need to VNC connection to launch the browser to unlock the account to forge. As some guy may know, some special characters including "(" can't be handled with curl to call the API in the linux console.

CT(cubietrunk) has 2G memory. It should be fast.

So I'm kind of a noob when it comes to this stuff...:

1) So I'm thinking about buying it from here (US based company): https://store.iotllc.com/product.php?productid=38&cat=0&featured=Y
2) I assume the 8gb flash memory won't be enough to run the OS (btw, what OS are you planning to use?) + NXT client, so how much space, ideally, should I look for? Is 64gb SD enough for OS + .nxt files? Something like this: http://www.amazon.com/SanDisk-microSDXC-Memory-Adapter-SDSDQU-064G-AFFP-/dp/B009QZH6JS/ref=sr_1_2?s=pc&ie=UTF8&qid=1389348611&sr=1-2&keywords=sd+card

It would be nice to have a platform where I can leave my account unlocked without risk of keylogging (since I would keep only NXT files on the cubbie) and I can leave it on when I go on trips.