NXT :: descendant of Bitcoin - Updated Information

[mczarnek]

What do I have to do to get on the Nxt TestNet?

Would like to try creating and launching my own asset in preparation for that to launch.  Thanks!

[TwinWinNerD]

What do I have to do to get on the Nxt TestNet?

Would like to try creating and launching my own asset in preparation for that to launch.  Thanks!

http://nxtra.org/nxt-client/

It is really easy, just follow the steps on creating a new account there.

Also come back here and ask for test NXT

[limingz]

I have one question. What makes NXT become a colsed system?  Why NAS or other NXT Clone cannot invade NXT System.

NAS is the first nxt clone  that launched.

Any one else puzzled by this question?

[TwinWinNerD]

I have one question. What makes NXT become a colsed system?  Why NAS or other NXT Clone cannot invade NXT System.

NAS is the first nxt clone  that launched.

Any one else puzzled by this question?

What do you mean exactely?

[allwelder]

Daniel Larimer write a DPOS
http://107.170.30.182/security/delegated-proof-of-stake.php

While Nxt and Peercoin have each solved the problem of who should generate the next block, they have not sufficiently solved the problem of making the block chain irreversibly secure in a timely manner. Peer coin requires at least 6 blocks (1 hour) and Nxt requires 10 blocks according to the information we could find. We could find no basis for the level of security provided by Nxt after 10 blocks.

what is the smallest confirm needed for the block chain irreversibly ?

[Come-from-Beyond]

Daniel Larimer write a DPOS
http://107.170.30.182/security/delegated-proof-of-stake.php

While Nxt and Peercoin have each solved the problem of who should generate the next block, they have not sufficiently solved the problem of making the block chain irreversibly secure in a timely manner. Peer coin requires at least 6 blocks (1 hour) and Nxt requires 10 blocks according to the information we could find. We could find no basis for the level of security provided by Nxt after 10 blocks.

what is the smallest confirm needed for the block chain irreversibly ?

Looks like Daniel explained TF in his own words. 

At least it's very similar.

[sepehr]

NHZ is not seem to be a fair distribution coin!

NXT distributed to known 73 people who accepted to risk and join!
NEM is distributed to 3000 people who accepted to contribute!

How about NHZ?

Block explorer shows 1 Billion NHZ exist and the Genesis Account seems to be this:

http://explorer.nhzcrypto.org/?page=account&id=13675701959091502344

this  1Billion NHZ divided to one 200M and one 800M Accounts:

http://explorer.nhzcrypto.org/?page=account&id=7152054609364438286

http://explorer.nhzcrypto.org/?page=account&id=5284279215227947913

These accounts used to credit several other accounts for 300M, 80M, 2M, 1M, 500K and so!

Why this payments made? Who are the owners of these accounts? who has the control over 800M or 200M accounts???

These are completely unknown! yes I own several nodes now! And received several Bounties of an amount of 666 NHZ But who owns the Big whales in NHZ?

It's completely unknown!

Also the main accounts(200M and 800M and other Big 300M and 80M accounts) used to forge and assigned to some nodes and received 333 and 666 NHZ Bounties! Just like any other personal accounts!!!! Wow! This is totally ridiculous! The owner of these Big accounts assumed them as his own personal account! and hallmarked them and assigned them to his nodes!

I think this is not a fair coin and everybody should know this! I think this coin lacks the minimum discipline requirements that a coin should have! So suggest everyone to avoid it!

P.S: I have removed all NHZ Nodes installed on my servers!

[allwelder]

Daniel Larimer write a DPOS
http://107.170.30.182/security/delegated-proof-of-stake.php

While Nxt and Peercoin have each solved the problem of who should generate the next block, they have not sufficiently solved the problem of making the block chain irreversibly secure in a timely manner. Peer coin requires at least 6 blocks (1 hour) and Nxt requires 10 blocks according to the information we could find. We could find no basis for the level of security provided by Nxt after 10 blocks.

what is the smallest confirm needed for the block chain irreversibly ?

Looks like Daniel explained TF in his own words. 

At least it's very similar.

So 10 confirm is the minimum needed for Nxt block chain irreversibly ,right?

[jl777]

Daniel Larimer write a DPOS
http://107.170.30.182/security/delegated-proof-of-stake.php

While Nxt and Peercoin have each solved the problem of who should generate the next block, they have not sufficiently solved the problem of making the block chain irreversibly secure in a timely manner. Peer coin requires at least 6 blocks (1 hour) and Nxt requires 10 blocks according to the information we could find. We could find no basis for the level of security provided by Nxt after 10 blocks.

what is the smallest confirm needed for the block chain irreversibly ?

Looks like Daniel explained TF in his own words. 

At least it's very similar.

So 10 confirm is the minimum needed for Nxt block chain irreversibly ,right?

assuming the network isnt horribly fragmented.
this is why I think it would be very useful to have a NXT health monitor
That way we will know when 10 confirms is very very good vs when it is maybe not so sure

I havent worked out the math, but if we can know the odds of 10 blocks being forged in a row by Evil bob, then we can answer your question precisely. problem is not a good way to get the odds of evil bob

James

[solarion]

I must have something wrong. Bought some nxt off cryptsy and sent them to my freshly set up account. Cryptsy took 7hrs to indicate "processed" and 14hrs later I still don't have any nxt in my account. Anyone know what I'm missing here?

also under "My transactions" it says I have 112 dating back to 11/24 even though I set up the client yesterday. One transaction from feb 9 matches my account#, but I only installed the client yesterday(April 4).

confused.

Are account #'s not unique? How long do transfers generally take with this thing?

[lucky88888]

I must have something wrong. Bought some nxt off cryptsy and sent them to my freshly set up account. Cryptsy took 7hrs to indicate "processed" and 14hrs later I still don't have any nxt in my account. Anyone know what I'm missing here?

hi first off you may want to search for your account on the block explorer to see if it has been delivered.
http://87.230.14.1/nxt/nxt.cgi?action=1

if it shows up then you can relax a little, because it means its there, and the reason is probably your client is still no fully sync'd up with the network then simply wait for it to load up depending on speed of your internet. Or it could be that your client end up on a fork/corrupted blockchain then you will need to redownload and do a clean install.

[solarion]

thx for replying. I'm sure I saw it before, but this thread 2.0 is insanely long. Can you direct me to the nxt block explorer?

n/m page 1 was updated with it. duh.

[solarion]

Twelve pages of transactions associated with what I thought was my unique account #. More confused than ever.

I miss btc 1.0.

[allwelder]

Daniel Larimer write a DPOS
http://107.170.30.182/security/delegated-proof-of-stake.php

While Nxt and Peercoin have each solved the problem of who should generate the next block, they have not sufficiently solved the problem of making the block chain irreversibly secure in a timely manner. Peer coin requires at least 6 blocks (1 hour) and Nxt requires 10 blocks according to the information we could find. We could find no basis for the level of security provided by Nxt after 10 blocks.

what is the smallest confirm needed for the block chain irreversibly ?

Looks like Daniel explained TF in his own words. 

At least it's very similar.

So 10 confirm is the minimum needed for Nxt block chain irreversibly ,right?

assuming the network isnt horribly fragmented.
this is why I think it would be very useful to have a NXT health monitor
That way we will know when 10 confirms is very very good vs when it is maybe not so sure

I havent worked out the math, but if we can know the odds of 10 blocks being forged in a row by Evil bob, then we can answer your question precisely. problem is not a good way to get the odds of evil bob

James

Got it,thanks james.

[bitcoinpaul]

www.nxtforum.org
www.nxt.org
www.mynxt.org

[solarion]

One transaction# says I'm the recipient w/ 5 confirmations and the next txid says I'm the sender with 4 confirmations, but my balance has never come off zero, so how could I have sent coins anywhere?!?

This is creepy.

[Daedelus]

Twelve pages of transactions associated with what I thought was my unique account #. More confused than ever.

I miss btc 1.0.

Can you describe the passphrase you're using? Length, char types etc.

Post your account number too for people to look up (don't post your passphrase!) 

[Daedelus]

One transaction# says I'm the recipient w/ 5 confirmations and the next txid says I'm the sender with 4 confirmations, but my balance has never come off zero, so how could I have sent coins anywhere?!?

This is creepy.

Are you using a short passphase?

[solarion]

Twelve pages of transactions associated with what I thought was my unique account #. More confused than ever.

I miss btc 1.0.

Can you describe the passphrase you're using? Length, char types etc.

Post your account number too for people to look up (don't post your passphrase!) 

6 words.

Does this mean they're stolen?!?

3791936988034107349

[solarion]

Now I appear to have an unconfirmed transaction that 15hrs old. Is this normal? Is it always this slow?

edit:

unconfirmed transaction disappeared. Double creepy.