NXT :: descendant of Bitcoin - Updated Information

[allwelder]

With a block time of 1 min give or take 10 seconds, transactions would have to happen offline, right? I think this is possible due to proof of stake. But if this is the method behind 1,000 TPS there should be no limit to the amount of transactions per second aside from the maximum size of a block.

Theoretically, would 60k tps be possible if in the other 59 seconds 0 transactions occurred?

I don't think that there will be empty blocks in the future.

The max transactions for every block is 255, that means 255 transactions per minute,so how to realize instant transaction with more transactions ?

[bitcoinpaul]

Should i join a forging pool? at my current amount i won't ever get anything lol

Hi, there will be advanced options where you can lend your Nxt to a forging pool without the Nxt ever having to leave your account.  At this point, don't send your Nxt to any account claiming to be a pool.

Already discussed. Will maybe be implemented via account control.

Edit: Lol, too late for me. Thought it was a question...

Gn8

[pandaisftw]

Well, taking a break from the heated discussion was good: the C++ version of the New Address Format is 99% complete.

Need to port it to PHP and JS and we can roll.

Nice work!

[rriky92]

Someone here, how would be able to code a simple mass-sending client? One fix amount, sending to unlimited addresses - one recipient per line.

Code:

<form action="" method="post">
   <p>Amount: <input type="text" name="amount" /></p>
   <p>Fee: <input type="text" name="fee" /></p>
   <br>
   <p>Address:
   <textarea name="addresses" cols=40 rows=4></textarea></p>
   <input type="submit" name="submit" value="Submit" />
</form>
<?php
   if(isset($_POST['submit']) )
   {
      $array = preg_split ('/$\R?^/m', $_POST['addresses']);
      $countaddress = count($array);
      for($i=0;$i<$countaddress;$i++){
      	$array[$i] = preg_replace('/\s+/', '', $array[$i]);
      	$jsonurl = "http://localhost:7874/nxt?requestType=sendMoney&secretPhrase=SECRET&recipient=".$array[$i]."&amount=".$_POST['amount']."&fee=".$_POST['fee']."&deadline=1440";
		$json = file_get_contents($jsonurl);
		var_dump(json_decode($json));
		}
   }
?>

I did it in PHP if you want, have not tested... you have to change "SECRET" in the code with the sender passphrase  and localhost with your server maybe localhost idk

Before use it try it with maybe 2 recipient and send only 1 NXT

[PeercoinEnthusiast]

Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

[utopianfuture]

Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

You are a treasure of PR and community building effort.

[Uniqueorn]

Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

Nice. This is 100% true.
People underestimate the power of marketing.

[tman10]

I'm new here and been a lurker for about 3 weeks...You folks are incredible.I understand about 10% of
what you are talking about  but in that 10% I see a many great minds and very happy to be here.

A BIG THANKS !!!!

[hypersire]

Bingo. A writer from Bloomberg wants to talk about Nxt (along with Peercoin). Constant emails, they eventually pay off.

Great work PeercoinEnthusiast!

Though I'm mainly in Nxt and DVC coin now, I am still holding on to the Peercoins I bought at around 30cents  

Looking forward to hearing how the Nxt promotions go!

[PeercoinEnthusiast]

One of the things I learned early on with Feathercoin is providing value to contacts. For example, I came across a few nasty troll type reviews of a crypto service earlier today.  I emailed the company and passed on the information just as a FYI. I didn't want anything from them, I wasn't trying to push anything... I wanted to provide some value. I'd like the contacts I make know that I'm looking out for their interests as well.  

In the Peercoin community, sometimes I'll follow-up with someone that wrote about us months ago just to see if there's anything our community can do for them. It's the little things on a daily basis that make all the difference in the world in my opinion.

[loopgate88]

One of the things I learned early on with Feathercoin is providing value to contacts. For example, I came across a few nasty troll type reviews of a crypto service earlier today.  I emailed the company and passed on the information just as a FYI. I didn't want anything from them, I wasn't trying to push anything... I wanted to provide some value. I'd like the contacts I make know that I'm looking out for their interests as well.  

In the Peercoin community, sometimes I'll follow-up with someone that wrote about us months ago just to see if there's anything our community can do for them. It's the little things on a daily basis that make all the difference in the world in my opinion.

Dale Carnegie would agree with you. Thank you for your work.

[xibeijan]

How is progress with the decentralised exchange going?

[seek4dream]

I'm new here and been a lurker for about 3 weeks...You folks are incredible.I understand about 10% of
what you are talking about  but in that 10% I see a many great minds and very happy to be here.

A BIG THANKS !!!!

Totally agree. I must say Nxt community is unique.
There are so many talented guys devoted to making it better, although they are not organized by some committee or organization.  Nxt community shows how a decentralized group can function well and achieve something amazing.

[joefox]

Peek at http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt
...
No option for translation to Chinese?

I COULD flag it for translation... But I don't think it's complete enough yet, and could change a lot. Usually I wait until a page is "stable" before enabling translations, because every edit to the source language (English) invalidates the existing translations... which can get annoying for translators

Maybe I can enable translations for PART of the Whitepaper -- the sections that have been stable for a while. How's that for an idea?

[lucky88888]

What is going on with the bitcoins? Any news?

[BitAddict]

I dunno. BCNext once said that at final stage Transparent Forging would become so transparent that we wouldn't even need it.

What do you mean? To sign a block anyone'll need proof of... what? Instead of stake. Equal chances to all forgers? It'll decrease natural PoS-protection — attack'll become cheaper, won't it?

CfB do you mean that Transparent Forging will be so transparent and imposible to break that it will not charge fees? That way it is still PoS but free*

*Well maybe you can call it Transparent PoS. But it will be still based on Proof os Stake

[salsacz]

Chicago:

Andreas M Antonopoulos will be at the Bitcoin Meetup in Chicago on February 11. Who would come?

[opticalcarrier]

Chicago:

Andreas M Antonopoulos  will be at the Bicoin Meetup in Chicago on February 11. Who would come?

I can do it if no one else will.  But ugh Chicago is one of my most hated cities.

[salsacz]

Chicago:

Andreas M Antonopoulos  will be at the Bicoin Meetup in Chicago on February 11. Who would come?

I can do it if no one else will.  But ugh Chicago is one of my most hated cities.

Scaled Dynamics is sponsoring the Chicago Bitcoin Meetup on Feb 11. I will be presenting SD Gatekeeper’s bitcoin trading functionality and giving a brief talk about the future of Bitcoin as it pertains to financial trading. Admission tickets will be available for purchase with Bitcoin using Chicago Mint. Drinks will be included with the purchase of a ticket.Giveaway Sponsors include GLCBitcoin, Alpha Point , and Invincible Wallet. Please contact: jonathan@chicagomint.com for details.

The event will be held at Big Bricks at 3832 N. Lincoln Ave.

Drinks will be served at 6:00 p.m.

Formal Presentations begin at 7:00 p.m.

link: http://www.meetup.com/The-Chicago-Bitcoin-Meetup/events/161299062/

Twitter:

AndreasMAntonopoulos ‏@aantonop 32m
Will be speaking at a bitcoin meetup in Chicago, either crashing the existing one on 2/11 or setting up a new one for another day. Who’s in?

[opticalcarrier]

Everyone, dont forget that I will for free manage your VPS for you.  Just acquire it yourself and pay $4.99/month for it, give me the credentials, and I take care of the rest!  For more info, see http://www.nxtcrypto.org/nxt-coin/nxt-managed-vps-nodes available from the "Get Involved" tab on the www.nxtcrypto.org site.

Thanks to the newest member acharrison007 who I have just began to manage a 2GB VPS called acharrison007.vps.nxtcrypto.org for him.

# ncli getState l

    availableProcessors: 4
    cumulativeDifficulty: 1467984372432579
    freeMemory: 132715072
    lastBlock: 5336586257985704217
    lastBlockchainFeeder: 46.19.137.116
    maxMemory: 477102080
    numberOfAccounts: 18154
    numberOfAliases: 53949
    numberOfAssets: 0
    numberOfBlocks: 48741
    numberOfOrders: 0
    numberOfPeers: 255
    numberOfTransactions: 102022
    numberOfUsers: 0
    time: 5240645
    totalEffectiveBalance: 99566649600
    totalMemory: 289931264
    version: 0.5.10

#