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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2754608 times)
Anon136
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December 20, 2013, 05:20:06 AM
 #4181

i really really really need someone to answer this question for me:

can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?

I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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Come-from-Beyond
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December 20, 2013, 05:42:15 AM
 #4182

i really really really need someone to answer this question for me:

can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?

I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.

It's very similar to Bitcoin. Who gets correct nonce wins the block.
2X84
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December 20, 2013, 05:55:44 AM
 #4183

I fear that a C++ competitor will come out in the future, would you guys like me to translate the code?
2Kool4Skewl
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December 20, 2013, 05:58:40 AM
 #4184

When is BCNext planning on implementing the decentralized mixing service?















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Anon136
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December 20, 2013, 06:04:14 AM
 #4185

i really really really need someone to answer this question for me:

can anyone explain to me how it is determined who has the right to author the next block. i understand that the more nxt you have the higher your chance, but specifically how is the "winner" selected?

I know all of you guys who have 40k+ invested in this thing have to have figured out the answer to this question before you dropped that kind of cash.

It's very similar to Bitcoin. Who gets correct nonce wins the block.

In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? and where does the nonce come from? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand. Smiley

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Come-from-Beyond
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December 20, 2013, 06:06:11 AM
 #4186

In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand. Smiley

Now I got ur question and answered in https://nextcoin.org/index.php/topic,866.msg7100.html#msg7100

TL;DR: Nxt mining algo is based on ur invention.

Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?
Anon136
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December 20, 2013, 06:08:07 AM
 #4187

In bitcoin a nonce is hashed with the previous block until one gets a digest that is below the target threashold. There is no POW in next so how are nonces used in this scheme? I really need as much detail as you can give me. I will even send a tip if i come out of this conversation understanding what i hoping to understand. Smiley

Now I got ur question and answered in https://nextcoin.org/index.php/topic,866.msg7100.html#msg7100

TL;DR: Nxt mining algo is based on ur invention.

OH HECK YES! afk while i buy a million of these things Grin

oh but hey can you do me one more favor. can you link me to the original source where you got this information. i really want to read more.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Come-from-Beyond
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December 20, 2013, 06:10:51 AM
 #4188

can you link me to the original source where you got this information. i really want to read more.

Other guy has answered on nextcoin.org about that.
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December 20, 2013, 06:13:05 AM
 #4189

Btw, BCNext extended the idea and proposed Transparent Mining to counteract 51% attack, Nxt is resistant to 90+% attacks.
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December 20, 2013, 06:21:32 AM
 #4190


Mac 10.6.8?   Cool Cool Cool Huh

OMG.  Upgrade your Mac instead of asking developers to support an operating system that is three major versions behind the current one.

Mavericks is FREE: http://www.apple.com/ca/osx/how-to-upgrade/

And if you don't want to run Mavericks, go to 10.7, for FREE: http://os-x-lion-1074.en.softonic.com/mac

Even my ancient, ANCIENT Mac Mini can run 10.7.  You have no excuse.



I didn't actually realize this. I didn't know I could upgrade my operating system without getting a new computer.
allwelder
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December 20, 2013, 06:22:51 AM
 #4191

@CFB

runing client overnight
I have register "baidu"

request:
http://localhost:6874//nxt?requestType=getAliasURI&alias=baidu

return:
HTTP ERROR 404

Problem accessing //nxt. Reason:

    Not Found
Powered by Jetty://


Is it right?
Come-from-Beyond
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December 20, 2013, 06:24:03 AM
 #4192

@CFB

runing client overnight
I have register "baidu"

request:
http://localhost:6874//nxt?requestType=getAliasURI&alias=baidu

return:
HTTP ERROR 404

Problem accessing //nxt. Reason:

    Not Found
Powered by Jetty://


Is it right?

No. Try http://localhost:6874/nxt?requestType=getAliasURI&alias=baidu
Anon136
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December 20, 2013, 06:26:37 AM
 #4193

Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?
No that was the first time and I wrote about it the same day that i thought of it. But you say that I posted it 1 day before nxt right? that technically makes it my invention right? Grin

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Come-from-Beyond
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December 20, 2013, 06:27:26 AM
 #4194

Edit: I've seen the date of ur post, it had been posted 1 day before Nxt released. Did u write about ur invention somewhere else or earlier?
No that was the first time and I wrote about it the same day that i thought of it. But you say that I posted it 1 day before nxt right? that technically makes it my invention right? Grin

Right. And technically this makes me to suspect that u r BCNext.

Edit: I'd like to hear ur opinion regarding https://bitcointalk.org/index.php?topic=364218.0
allwelder
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December 20, 2013, 06:28:30 AM
 #4195

@CFB

runing client overnight
I have register "baidu"

request:
http://localhost:6874//nxt?requestType=getAliasURI&alias=baidu

return:
HTTP ERROR 404

Problem accessing //nxt. Reason:

    Not Found
Powered by Jetty://


Is it right?

No. Try http://localhost:6874/nxt?requestType=getAliasURI&alias=baidu

{"errorCode":5,"errorDescription":"Unknown alias"}
2Kool4Skewl
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December 20, 2013, 06:29:46 AM
 #4196

Is 6874 the new API port?















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        ▀▀█▄▄▄▄▄▄▄▄▄▄▀▀
ORACOL
  Cryptocurrency for the 

..W O R L D..








..TELEGRAM!..

█████████
██
██
██
██
██
██
██
██
██
██
██
█████████
Facebook
Bitcointalk
Linkedin




Twitter
Github
Medium

█████████
██
██
██
██
██
██
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██
██
█████████

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December 20, 2013, 06:30:33 AM
 #4197

{"errorCode":5,"errorDescription":"Unknown alias"}

Ur transaction wasn't confirmed or u use incorrect alias.
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December 20, 2013, 06:30:58 AM
 #4198

Is 6874 the new API port?

NO. This is for TEST network only.
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December 20, 2013, 06:32:50 AM
 #4199

{"errorCode":5,"errorDescription":"Unknown alias"}

Ur transaction wasn't confirmed or u use incorrect alias.

for "baidu":{"transaction":"16830272214888653693"}
And how I can know if it is confirmed or not?
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December 20, 2013, 06:35:14 AM
 #4200

{"errorCode":5,"errorDescription":"Unknown alias"}

Ur transaction wasn't confirmed or u use incorrect alias.

for "baidu":{"transaction":"16830272214888653693"}
And how I can know if it is confirmed or not?

This is for "jd". (http://localhost:6874/nxt?requestType=getTransaction&transaction=16830272214888653693)

"confirmations" tells if it's confirmed.
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