NXT :: descendant of Bitcoin - Updated Information

[opticalcarrier]

Guys, I'd like to know how many of u, who run Nxt on a dynamic IP, have 7874 TCP port open for incoming connections. I'm going to get rid of "myAddress", peers will try to connect back to each other to make Nxt network more symmetrical.

me

[1714218645]

1714218645

[1714218645]

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[1714218645]

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[Come-from-Beyond]

Yesterday we reached 1440 block per day goal:

[ferment]

Ok, I'll see if I can figure a way to time it. I can't refresh 10 non-stop by hand!

Rough assessment is enough

Ok, I'm timing using this:

Code:

$ while true; do bin/nxt state --server nodeX.nxtbase.com | grep "lastBlock:"; date; done

When the block id matches the current one, I can get the time from the stamp.

[Come-from-Beyond]

I don't remember if this question came up before:
If I have 200 nxt, 100 forging, another 100 maturing, and I send someone 100 coins, which coins will be part of the transaction? The still maturing coins, the matured ones, or it is random?

Coins r indistinguishable

[bitcoinrocks]

If I understand correctly, this will make all nodes into public nodes as long as 7874/7875 are accessible from the internet?

No. Nodes that u connect to will connect back, but they won't announce ur address to peers.

I thought myAddress was the only thing that separated a private node from a public node.  How is the private/public distinction made?

[Vega]

I don't remember if this question came up before:
If I have 200 nxt, 100 forging, another 100 maturing...

- it is not possible. If 100 NXT forging, all coming NXT starts to forge immediately.

Oh, I didn't know that.
But that would explain how did I forged three blocks, after I moved the majority of my coins just today to a new address

thanks

[opticalcarrier]

thanks to neer.g for sponsoring 5 VPSs for 3 months.  big ones too, some 2GB RAM and 3TB data ones, i will make them public and will hallmark them and monitor them for free, he just paid for them since he doesnt have the knowhow to operate them.

i encourage others to do the same, im about to start working on getting them up  now.

what version NRS should I use?  and thanks laowai80 for the awesome tutorial

[Come-from-Beyond]

If I understand correctly, this will make all nodes into public nodes as long as 7874/7875 are accessible from the internet?

No. Nodes that u connect to will connect back, but they won't announce ur address to peers.

I thought myAddress was the only thing that separated a private node from a public node.  How is the private/public distinction made?

Currently if u announce urself by putting IP into myAddress u say that anyone can connect to u. Ur IP is shared with other peers.
In nxt version if u connect to a peer then that peer will connect back to u, but it will NOT share ur IP with the others if myAddress is empty.

[PGPpfKkx]

So... do you actually believe what you have been doing all day is mature?

I am done responding to your posts until you come to your senses.  

I invested some BTC into something that doesn't seem to be able to find new blocks with an exchange that doesn't even have https - so yes maybe I should not have bothered.

I do hope these are just some early issues that will get resolved and I will check on it again later - but for now I'd have to say that this is not looking better than other projects such as Mastercoin or Protoshares.

thats why u paid <0.0015 per coin instead of 15$ (?!) for Protoshares

[Come-from-Beyond]

what version NRS should I use?

Use 0.4.0, there was a link somewhere. I'll release a new version in 1-2 days.

[bitcoinrocks]

Currently if u announce urself by putting IP into myAddress u say that anyone can connect to u. Ur IP is shared with other peers.
In nxt version if u connect to a peer then that peer will connect back to u, but it will NOT share ur IP with the others if myAddress is empty.

I thought you said you were going to remove myAddress from the next release.  Maybe I misunderstood.  You are going to leave the myAddress parameter but change the behavior as you described above?

[Come-from-Beyond]

Currently if u announce urself by putting IP into myAddress u say that anyone can connect to u. Ur IP is shared with other peers.
In nxt version if u connect to a peer then that peer will connect back to u, but it will NOT share ur IP with the others if myAddress is empty.

I thought you said you were going to remove myAddress from the next release.  Maybe I misunderstood.  You are going to leave the myAddress parameter but change the behavior as you described above?

Ah, yes. I'll remove it and add other parameter. Real address will be determined via getHost() Java-method.

[Ola]

PSA:  Condensed (not really) redundant info that keeps being asked for newbies that don't want to read 300+ pages (info will be repeated on  other new page)

Because so many people are failing to read about what nxt has to offer and offering premature conclusion which mostly mirrors negative aspect of "alt coins" This writeup is needed badly and will be repeated from page to page.

--BCnext started all this and is following in the footsteps of satoshi, Come-from-beyond serves as the connecting link now, see:
https://bitcointalk.org/index.php?topic=345773.msg3832234#msg3832234

--NXT is 100% proof of stake, NOT AN ALT COIN ( fork of bitcoin) and there is no "COIN" in NXT, Just simply NXT!

--The software is currently java based, and closed source for now that it is in the alpha stage.  Still, pieces of the code are available for review upon permission of the devs, but the full code will not be released until Jan 3, 2014 official launch.

--Nxt is a brain wallet, a very long and secure passphrase MUST be used to generate your account. You much use more than 30 uppercase, lowercase and special characters for your password to be safe from brute force attacks.

--NXT will be divisible up to 2 decimal places, but it is not active yet.


Nxt currency distribution: NXT WAS NOT PRE-MINED, there is no such thing as mining in nxt. The initial nxt distribution process was completely fair and VERY PUBLIC! The public was advised to send bitcoin to the genesis address in exchange for NXT. Only about 71 people did so on time. These people paid fair and square to be in the position there are in. You could have been one too, but you were probably on another thread. ( If anyone has a better idea lets hear it). They were rewarded as the main starting founders and all NXT were distributed amongst them. It is now their prerogative and in their best interest to redistribute the funds as nxt is not as valuable if not accessible to the market. (And I was not one of the 71 by the way…why does it make sense to me and not you, please stop trolling) Please see all give away attempts  :


Bounties: https://bitcointalk.org/index.php?topic=345773.0  we need several nodes on vps at the moment
Giveaways: https://bitcointalk.org/index.php?topic=347927.0
Faucet: http://www.coinarea.net/faucet.php
If you are running a separate giveaway I pm me and i will update in the next couple of pages

for newbies:
   watch these videos http://www.youtube.com/watch?v=f8dLMoZLMzM ,  
    and visit this site: http://www.coinarea.net

Mining:  There is no "MINING" in NXT, just forging: collecting transactions into blocks and earning transaction fees…block you forge is dependent on the amount of NXT you own. This is called FORGING and it is exactly what bitcoin will be doing 100 years from now.

--The price jump was due to an innovative feature named "aliases", this enables a competitive "namecoin-like" distributed DNS functionality
If you want to do aliases do this : https://localhost:7875/alias.html, fill the fields and hit OK
--Nxt is only 3 weeks old, nothing is released yet, because this is the alpha testing phase. Source code and official client will be released on jan 3rd with colored coins, voting, decentralized asset trading.

--how the consensus works in next :https://bitcointalk.org/index.php?topic=345773.msg4063478#msg4063478

Detailed feature sets:

- Decentralized DNS / Alias System (Starting at block 22000) ( this is already in effect and it raised the NXT market cap)
- Transparent Mining (Partially starting at block 25000) IN A COUPLE OF DAYS !
- Decentralized Asset Exchange / Colored Coins (Starting after block 30000) Jan 2014
     This allows gateways to issue other currencies (fiat or crypto) on the Nxt network.
- Decentralized Marketplace / Auction
- Decentralized Mixing Service
- Encrypted Messaging / Chat
- DDoS Protection - Project Kharon
- Voting

----Decentralized exchange is ready, we are just waiting on a frontend, easy to use UI to be released in january by a guy named nexern (cfb)



For stakeholders and if you want nxt to get stronger and continue to be superior:
The NXT network is being blasted by a >40 gbps DDOS attack. Nxt is a superior technology and its fighting off attack right now. CFB and Bcnext say the attack could easily be quenched but they choose to use this experiment as learning experience for when NXT catches up with bitcoin. They have chosen to remain neutral and let the network resolves its own issues.  But it can do way better if we strengthened the network by everyone contributing


What you can do
--We need more nodes to mitigate DDOS attacks, you can do either of these:

https://bitcointalk.org/index.php?topic=345619.msg4103726#msg4103726        Use this Guide to starting vps by "iaowai80"     or
https://bitcointalk.org/index.php?action=profile;u=181968      Pay/ hire "Ferment" to set up the nodes for you if you lack the time

[josephliton]

what version NRS should I use?

Use 0.4.0, there was a link somewhere. I'll release a new version in 1-2 days.

this is  :  version 0.4.2


I don't know whether this will help ,I had this one,

https://dl.dropboxusercontent.com/u/67242472/nxt.zip

[wesleyh]

What is the difference between "known peers" and "active peers"? Why aren't all known peers also active?

[Come-from-Beyond]

Nxt currency distribution: NXT WAS NOT PRE-MINED

Actually there is only 1 way to create a secure 100% PoS coin - issue all coins at once. If u subsidize block forging (like 25 BTC in Bitcoin now) then u make ur coin vulnerable to different types of attacks. The only way to fix this is to add proof-of-work which doesn't make sense in 100% PoS coin. Mathematical proof is very sophisticated and wasn't peer reviewed, so this statement may be wrong. U still could mention that if not all coins r premined then the currency may be vulnerable to attacks.

[bitcoinrocks]

I saw so many more peers a few hours ago.  Were they zombies from the attack which has died down?

[Come-from-Beyond]

What is the difference between "known peers" and "active peers"? Why aren't all known peers also active?

Active peers r known peers that u was connected to during this server process session.

[starik69]

Wow! http://habrahabr.ru/post/207120/

[gradis]

keep getting generated an incorrect block repeating. This is at block 22447.

Just delete everything and try again?