NXT :: descendant of Bitcoin - Updated Information

[bybitcoin]

Cunicula appeared in the bounty thread I opened recently and suggested to do the POS part of the article bounty for 100K Nxt.
I suggested then a 1M Nxt for Cunicula to manage and write the whole whitepaper for the Nxt in separate.
As of this moment, I donated 300K Nxt, Come-from-Beyond donated 150K Nxt and klee 150K Nxt to support Cunicula's effort, if he accept to.
You can also donate by posting and informing your will in the bounty thread: https://bitcointalk.org/index.php?topic=345773.0

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[Boing7898]

How is "You can generate the next block in" calculated?
Few minutes ago it was 2 days, then 13 days, now 26 days o.o

[Come-from-Beyond]

How is "You can generate the next block in" calculated?
Few minutes ago it was 2 days, then 13 days, now 26 days o.o

It's changed each new block. In Cunicula's whitepaper u can find more details.

[Come-from-Beyond]

Take a look at the 1st Nxt gambling service: https://bitcointalk.org/index.php?topic=346189.0
Send some coins to test ur luck and Nxt network!

[manrus]

Why after 2-3 hours full working all peers disconnected? Bug?

[Come-from-Beyond]

Why after 2-3 hours full working all peers disconnected? Bug?

If all peers disconnected then this is due to time unsync.

[nnn]

How is "You can generate the next block in" calculated?
Few minutes ago it was 2 days, then 13 days, now 26 days o.o

According to BCNext, you sign the block using your address and take the result as a number. You then scale that number by <the address balance> / <total coins> and check that it is below the current target. The target increases as time passes to ensure that blocks get mined.

More details will have to wait for the whitepaper / source code / word from BCNext.

I myself am curious as to what stops one from adding transactions to the block till you get a hit and can claim the fees.

[Come-from-Beyond]

I myself am curious as to what stops one from adding transactions to the block till you get a hit and can claim the fees.

http://88.198.210.245:7876/?request=getBlock&block=12602449074625948491

Mining process uses "generationSignature" which is not affected by transactions nor anything else. So it's completely deterministic.

[Sharky444]

this phraze WILL BE YOUR WALLET. There is no user name, and no wallet file.

- there is no WALLET in Nxt as well.  This word "WALLET" may lead to misunderstanding. Your phrase is your ACCOUNT.

A bitcoin wallet is a bunch of encryption keys, not far off from your Nxt phraze, which is also a key. Your account number is your account, not your phraze. If you want to send someone Nxt you use the account number, not the phraze. The phraze is the key to your account.

[abctc]

The phraze is the key to your account.

- agree 100%.   
And there is no "wallet" in Nxt (unlike in bitcoin).

[bahamapascal]

Is it possible to also look at a Nxt address to see transactions, or is it only possible with blocks?

[Come-from-Beyond]

Is it possible to also look at a Nxt address to see transactions, or is it only possible with blocks?

Only via blockchain parser. I published the code of 1st Nxt Slot Machine that parses the whole chain. Someone could add extra functionality on top of that.

[Sharky444]

The phraze is the key to your account.

- agree 100%.   
And there is no "wallet" in Nxt (unlike in bitcoin).

The bitcoin wallet is not really a wallet, it's a bunch of private and public keys (a keychain), just like passwords/passphrazes.

[Come-from-Beyond]

I noticed that my local copy of Nxt runs much more stable than one on VPS (88.198.210.245). I suspect this is because my local computer has much more memory available. If ur node has more than 256 Mb RAM then use the following command to launch Nxt:

Code:

java -Xms512m -Xmx1024m -cp Nxt.zip Nxt IP_ADDRESS

-Xms and -Xmx make Java VM to use more memory. Notice there is no space between "-Xms" and "512m". U can set other values instead of 512 and 1024.

[xibeijan]

Any solution to this?

[2013-11-25 18:03:36.602] java.nio.channels.UnresolvedAddressException
[2013-11-25 18:03:41.590] java.io.IOException: An established connection was aborted by the software in your host machine

It's not a problem. Someone announced an incorrect IP address (I see 88.198.210.2455 for example) and client tries to connect to it.

Those messages should not be logged as errors, but be logged as debug and thus hidden from view under normal conditions.

[xibeijan]

Please reference the Next API thread too.   Any ETA on when the new client functionality comes out?  I think the earlier version had messaging, but I did not see that in the last TEST client.  Will it be there?  I had some ideas for using that interesting feature.

BTW, is it NXT or XNT?  Guess we go with NXT.

Yes, Nxt will have a messaging feature too.

It's called Nxt (pronunciation "Next"), but the three letter currency code is XNT.

This is a poor decision to have it XNT as a ticker code; you're just looking to piss off dyslexics. 

I agree.  What's wrong with keeping it simple and using NXT?

[bahamapascal]

Is it possible to also look at a Nxt address to see transactions, or is it only possible with blocks?

Only via blockchain parser. I published the code of 1st Nxt Slot Machine that parses the whole chain. Someone could add extra functionality on top of that.

Cool, thanks!

[Come-from-Beyond]

I agree.  What's wrong with keeping it simple and using NXT?

Standard (http://en.wikipedia.org/wiki/ISO_4217) forces usage of "X??" notation AFAIK.

[xibeijan]

I had no problem in previous versions, but in this new 2.9 I can't catch new blocks easily.
When it's open nothing changes in block height, just shows block catching, but no number change even after 30 mins waiting.
Only after I exit and re-open the browser and re-login into my account again, it shows some max. 50 to 100 block height change.
I am waiting to catch up the blockchain to send some tx. As I tried several times, it says: please wait until the blockchain become loaded..
Dunno how long it would take

How do you check the version number?

[eid]

It lists the version number when you start the client



eid