NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

I, too, think that NXT should offer the possibility for micro loans worldwide.

It's up to Nxters, each one can credit whoever he wants (with NXT or anything else). Community itself can't and shoudn't operate credit hierarchy.

[1714254963]

1714254963

[1714254963]

1714254963

[TwinWinNerD]

The part where blockchain.info works within you browser and no information leaves your browers, only the encrypted backup on your server. As i understand, we can now sign transactions without the client?

We basically need an online wallet WITHOUT trust.

I don't understand... anyone knows how it works?

Is it secure? Will another mybitcoin.com situation occur again?

Yes, it is, and no, we are protected from such situations as all of your private keys are encrypted with your password before leaving your computer. We do not hold a copy of your password, and thus are unable to view or spend your Bitcoins. You retain full control of your private keys, so your wallets can never be seized or blocked and can be imported into any desktop Bitcoin client.

--------------------


Basically how i understand it: This website is only a gateway that broadcasts transactions that you sign on you computer. No password/privatekey leaves your computer/browser.

[Eadeqa]

I found this android wallet for Nxt, is it legit? I don't remember seeing it mentioned in this thread, on the forums, on nxtclient.org or anywhere else.

https://play.google.com/store/apps/details?id=org.nextcoin.nxtclient

Yes and it is very awesome you can build it from source, it is available. I actually read some of the source it connects to other nodes to perform operations but it is safe because it does the signing locally, Now just ensure that YOUR PHONE is spyware free

- Lophie

No, that android app does not do  do signing locally

[pinarello]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

that is big, thank you very much msin!

[swartzfeger]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

This is... wow. Finally!

[martismartis]

Just to inform, 0.7.6 runs smoothly on Android TV stick public node.

For a while

Picuntu? Please share hardware and software information, I am VERY interested... I bricked a stick for this...

Ubuntu 13.10 in Android, TV stick with RK3066 chip

would you be nice enough to post a few pics, usually the chip name doesnt come on the package, I just want to know how it looks so when I go search for it I would know, thank you.

Personally I run on http://www.tvstar.eu/smart-tv-stick-ii/ but it should run on any android tv stick.

[punkrock]

We have collected 0.8005 BTC for votes at Mintpal. That's 16010 votes + X (regular votes). Let's wait for more confirmations. We should be on the 3rd place very soon!

EDIT: 10,000 votes will arrive soon, so we have 18,910 votes now.

[abuelau]

The part where blockchain.info works within you browser and no information leaves your browers, only the encrypted backup on your server. As i understand, we can now sign transactions without the client?

We basically need an online wallet WITHOUT trust.

I don't understand... anyone knows how it works?

Is it secure? Will another mybitcoin.com situation occur again?

Yes, it is, and no, we are protected from such situations as all of your private keys are encrypted with your password before leaving your computer. We do not hold a copy of your password, and thus are unable to view or spend your Bitcoins. You retain full control of your private keys, so your wallets can never be seized or blocked and can be imported into any desktop Bitcoin client.

--------------------


Basically how i understand it: This website is only a gateway that broadcasts transactions that you sign on you computer. No password/privatekey leaves your computer/browser.

This is how wallet.mynxt.info works. The user password is used to decrypt the wallet. Without the user password we cannot decrypt the wallet. And everything in wallet.mynxt.info is just a gateway to the actual Nxt network. We make API calls to NRS to send and receive Nxt.

[swartzfeger]

How about an ingame auction house like WOW, but the ingame(atleaset in the auction house) currency is milli NXT or something?

Yes. And the AE (auction house) generates real fees. As does crafting.

Obviously, since NXT is going to hit $1, we need fractional NXT.

[TwinWinNerD]

The part where blockchain.info works within you browser and no information leaves your browers, only the encrypted backup on your server. As i understand, we can now sign transactions without the client?

We basically need an online wallet WITHOUT trust.

I don't understand... anyone knows how it works?

Is it secure? Will another mybitcoin.com situation occur again?

Yes, it is, and no, we are protected from such situations as all of your private keys are encrypted with your password before leaving your computer. We do not hold a copy of your password, and thus are unable to view or spend your Bitcoins. You retain full control of your private keys, so your wallets can never be seized or blocked and can be imported into any desktop Bitcoin client.

--------------------


Basically how i understand it: This website is only a gateway that broadcasts transactions that you sign on you computer. No password/privatekey leaves your computer/browser.

This is how wallet.mynxt.info works. The user password is used to decrypt the wallet. Without the user password we cannot decrypt the wallet. And everything in wallet.mynxt.info is just a gateway to the actual Nxt network. We make API calls to NRS to send and receive Nxt.

Yes but the signing happens on your server, that is the problem. With blockchain.info type wallet, NOTHING leaves the browser. Only the broadcast happens on the server there. This is a HUGE difference.

[msin]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

Wow good news. When will Atomic Trade add it you think?

Not sure, he is working on it asap and I've contacted a few members here to help him integrate as he had some api questions.  Also, if anyone else wants to offer him help with integration, here is the contact email (subject "Nxt Integration") info@atomic-trade.com

[jl777]

I am stuck on one last detail on multisig sending. In order to sign the rawtransaction, you need both the scriptPubKey and redeemScript fro the txid that you are using. From txid, I can do a getrawtransaction and decoderawtransaction and it outputs something like this:

        {
            "value" : 1.00000000,
            "n" : 1,
            "scriptPubKey" : {
                "asm" : "OP_HASH160 422ab98368da5c169f1dbd768216541152a54a61 OP_EQUAL",
                "hex" : "a914422ab98368da5c169f1dbd768216541152a54a6187",
                "reqSigs" : 1,
                "type" : "scripthash",
                "addresses" : [
                    "9xU8ScTEk9gAGvFXa66ms3zUuVfmJeiZiF"
                ]
            }
        }

However a listunspent shows the following:

    {
        "txid" : "ef9f3728453ed9864827178f1cc02c3376babda0831cb121af560141c239ce5b",
        "vout" : 1,
        "address" : "9xU8ScTEk9gAGvFXa66ms3zUuVfmJeiZiF",
        "account" : "shared",
        "scriptPubKey" : "a914422ab98368da5c169f1dbd768216541152a54a6187",
        "redeemScript" : "542103c75e4c9fce2297924d76eb50994b357c37a6936b16df38c47ce3e4580417f89c210259649 91f87aebca9d1444fb39ab7589fee1acf4ff94f13c2b004c1a40616d9502103ad6a17b314737354 5feb12cd091ff5bd46712383170f4fe3fb986eff50e74e982102ef6c1d4129de658579649f3f648 cd9bdec049f6e37aa06e1dffd109929f2a5032103619137770c3554e3475745db363be012685002 b46d24a0f1cbebc1b1b4ef1b6755ae",
        "amount" : 1.00000000,
        "confirmations" : 171
    }

The scriptPubKey matches the "hex" field, but I have no idea how to generate the raw bytes for redeemScript. I just started looking at bitcoind API today, so I am hoping it is an easy thing to do. On the server that created the multisig acct, it can use the listunspent, but my understanding is that a different server would not have any direct access to the accounts bitcoind manages. [It better not!] So, to deal with the case of one gateway going MIA, the other two would need to be able to transfer out all the funds in the multisig account and I think the only thing they will have is the txids of all the deposits into the multisig acct.

As soon as this mystery is solved, I will be ready to code up a proof of concept fully automated multisig gateway that uses AM, so all the deposits and withdrawals can be verified.

James

[TwinWinNerD]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

Wow good news. When will Atomic Trade add it you think?

Not sure, he is working on it asap and I've contacted a few members here to help him integrate as he had some api questions.  Also, if anyone else wants to offer him help with integration, here is the contact email (subject "Nxt Integration") info@atomic-trade.com

Will you disclose how much you paid for that?

[pinarello]

NXT 4th place on mintpal

https://www.mintpal.com/voting

[abuelau]

Yes but the signing happens on your server, that is the problem. With blockchain.info type wallet, NOTHING leaves the browser. Only the broadcast happens on the server there. This is a HUGE difference.

Why is it such a big difference? If an attacker has a keylogger you may lose your coins the same way in mynxt.info and blockchain.info.

What is important is that the wallet is encrypted and in order to decrypt it you need the user's password. Whether the decrypting happens on the server or on the browser, I don't think this is such a big deal. In fact, I can imagine people developing a malware that you get in your browser (since your browser holds an unencrypted version of your wallet).

[msin]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

Wow good news. When will Atomic Trade add it you think?

Not sure, he is working on it asap and I've contacted a few members here to help him integrate as he had some api questions.  Also, if anyone else wants to offer him help with integration, here is the contact email (subject "Nxt Integration") info@atomic-trade.com

Will you disclose how much you paid for that?

Sure, 2.5btc.

[punkrock]

NXT 4th place on mintpal

https://www.mintpal.com/voting

Yes! Go, go, go!

[TwinWinNerD]

QUICK UPDATE

Atomic-Trade will be adding Nxt.  I'm paying for integration with my own funds since AT agreed to add USD/Nxt trade abilities.  This will allow any users to buy Nxt with USD directly.  Currently AT only offers USD/BTC trading, so we will have an advantage over other alts on the exchange. Also, when I get home this evening, expect Nxt to lead the voting in Mintpal

Wow good news. When will Atomic Trade add it you think?

Not sure, he is working on it asap and I've contacted a few members here to help him integrate as he had some api questions.  Also, if anyone else wants to offer him help with integration, here is the contact email (subject "Nxt Integration") info@atomic-trade.com

Will you disclose how much you paid for that?

Sure, 2.5btc.

Thank you, i actually thought that they might charge an order of magnitude more.

[Eadeqa]

Yes but the signing happens on your server, that is the problem. With blockchain.info type wallet, NOTHING leaves the browser. Only the broadcast happens on the server there. This is a HUGE difference.

Why is it such a big difference? If an attacker has a keylogger you may lose your coins the same way in mynxt.info and blockchain.info.

There is a big difference. You are sending your password to a third party who is running the server.

Password should never leave your computer. Only signed transactions should be broadcast to the servver

[TwinWinNerD]

Yes but the signing happens on your server, that is the problem. With blockchain.info type wallet, NOTHING leaves the browser. Only the broadcast happens on the server there. This is a HUGE difference.

Why is it such a big difference? If an attacker has a keylogger you may lose your coins the same way in mynxt.info and blockchain.info.

What is important is that the wallet is encrypted and in order to decrypt it you need the user's password. Whether the decrypting happens on the server or on the browser, I don't think this is such a big deal. In fact, I can imagine people developing a malware that you get in your browser (since your browser holds an unencrypted version of your wallet).

The really big difference is, that the person that hosts the wallet can spend your coins if you send your password. Because if you sign serverside, your wallet has to be decrypted atleast once for a short period of time. You as the owner of the server can interfere if you chose to, or if your server is compromised and bad code is implemented coins can be stolen. That is the reason that the guy that created blockchain.info said that all wallets that don't offer browserside signing WILL be hacked/scamed.