NXT :: descendant of Bitcoin - Updated Information

[Come-from-Beyond]

http://dgex.com/ still works. Is it hosted on a supercomputer or attackers just forgot about it?

[1714932869]

1714932869

[Come-from-Beyond]

Isn't that a killer logo on that page?   

Not really, coz it has "coin".

[landomata]

Isn't that a killer logo on that page?   

Not really, coz it has "coin".

Nxt is not a coin

[Origami]

Nxt :: descendant of Bitcoin

Nxt uses brand new software.  It’s not a fork of Bitcoin's source code.

Nxt is the first 100% Proof-of-Stake (PoS) currency.  Coins are earned solely by charging transaction fees.  Unlike other currencies with PoS mining, Nxt's PoS mining does not cause monetary inflation.  The total amount of Nxt in circulation is 1 billion.  Nxt is resistant to +90% attacks via it's transparent mining algorithm.

Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue.  Time between blocks is one minute.  This increases the rate of orphaned blocks but makes it more convenient for the users.

Nxt doesn’t use so-called “scripts” aka predicates.  This simplifies and accelerates transaction processing.  Advanced features like multisig will be created on top of the core as 3rd party services.

Nxt will have the following features:
- Decentralized Asset Exchange / Colored Coins (Starting after block 30000)
     This allows gateways to issue other currencies (fiat or crypto) on the Nxt network.
- Decentralized Marketplace / Auction
- Decentralized Mixing Service
- Encrypted Messaging / Chat
- Decentralized DNS / Alias System (Starting at block 22000)
- Transparent Mining (Partially starting at block 25000)
- DDoS Protection - Project Kharon
- Voting

Nxt IRC Channels
FreeNode #nxtalk
FreeNode #nxt-otc (Trading)

Nxt Forums
Nextcoin.org
NxTalk.org

Nxt Buying / Selling
DGEX.com - Nxt / Btc Exchange (thread)
Later, there will be a Nxt / Btc exchange integrated into the Nxt client.

Nxt Website - Currently Under Development

Nxt BlockChain Explorer

Nxt Wiki

Nxt News Thread

Nxt Bounty Thread
Earn Nxt by performing tasks for the community.

Nxt Giveaway Thread

Nxt API Thread

Download
Nxt 0.4.0 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip - SHA256 hash 794ec29a44f7dc2e5c00e682c06916b12e394ba43c0741c2ae748faa5baed606

Full source code will be released Jan 3rd, 2014.
Partial source code is available here.

Install Instructions

How to Install Nxt Client w/ Pictures

Ubuntu/Debian
1 - Download and Install Java                     'sudo aptitude install openjdk-7-jre'
2 - Unzip 'nxt.zip'                                        'unzip nxt.zip'
3 - Go to your Nxt Directory                        'cd nxt'
4 - Start Nxt                                                 'java -Xms512m -Xmx1024m -jar start.jar'

Windows
1 - Download and Install Java                      http://download.oracle.com/otn-pub/java/jdk/7/jre-7-windows-x64.exe (64-bit) or http://download.oracle.com/otn-pub/java/jdk/7/jre-7-windows-i586.exe (32-bit)
2 - Unzip 'nxt.zip'
3 - Go to your Nxt Directory                        'cd C:/PATH_TO_NXT_FOLDER'
4 - Start Nxt                                                 'java -Xms512m -Xmx1024m -jar start.jar'

Mac
1 - Download and Install Java                     http://download.oracle.com/otn-pub/java/jdk/7u45-b18/jre-7u45-macosx-x64.tar.gz
2 - Unzip 'nxt.zip'
3 - Go to your Nxt Directory                        'cd nxt'
4 - Start Nxt                                                 'java -Xms512m -Xmx1024m -jar start.jar'

Open Nxt Client
- Open your browser and go to http://localhost:7874 or https://localhost:7875
- Click the "Lock" icon in the upper left corner to unlock your account.
- Enter your passphrase or if you don't have an account, enter your new passphrase.  Make sure you use a very random, complex password of at least 30 characters.  You can use 0-1, a-z, A-Z, special and national characters.

Security Tips

- Do NOT run Nxt on a VPS.  Only run Nxt locally.  Even if you connect to your VPS securely via SSH, you are still not safe because all VPSs have backdoors.
- 7874 (tcp) is used for P2P communication, the http web client and API commands.  This is the only port that needs to be open to run Nxt.
- 7875 (tcp) is used for the https web client.

Translations

Russian Thread by abctc

Hi,

I want to report that I got an error when installing the JRE under OSX and lauching nxtcoin.
To work around this, I simply install the JDK that you can recover here:

http://download.oracle.com/otn-pub/java/jdk/7u45-b18/jdk-7u45-macosx-x64.dmg

Thanks.

For donation : 12317595792740758311

Ps: Sorry for my english

[Come-from-Beyond]

Now that you mention it... should they invest in some SSL or something similar?!?

Looking at their interface I suspect their server is written in Fortran. This protects much better coz noone knows how to hack Fortran-based sites.

[nexern]

Now that you mention it... should they invest in some SSL or something similar?!?

Looking at their interface I suspect their server is written in Fortran. This protects much better coz noone knows how to hack Fortran-based sites.

no, cobol!

i need a surfboard when see this perfectly fitted wave...

http://87.230.14.1/nxt/nxt.cgi?action=2&sub=4

[droblin]

i got this error when i try to launch start.jar on a fresh linux install (CentOS)

Exception in thread "main" java.lang.UnsupportedClassVersionError: org/eclipse/jetty/start/Main : Unsupported major.minor version 51.0
        at java.lang.ClassLoader.defineClass1(Native Method)
        at java.lang.ClassLoader.defineClass(ClassLoader.java:643)
        at java.security.SecureClassLoader.defineClass(SecureClassLoader.java:142)
        at java.net.URLClassLoader.defineClass(URLClassLoader.java:277)
        at java.net.URLClassLoader.access$000(URLClassLoader.java:73)
        at java.net.URLClassLoader$1.run(URLClassLoader.java:212)
        at java.security.AccessController.doPrivileged(Native Method)
        at java.net.URLClassLoader.findClass(URLClassLoader.java:205)
        at java.lang.ClassLoader.loadClass(ClassLoader.java:323)
        at sun.misc.Launcher$AppClassLoader.loadClass(Launcher.java:294)
        at java.lang.ClassLoader.loadClass(ClassLoader.java:268)
Could not find the main class: org.eclipse.jetty.start.Main. Program will exit.

Make sure u use Java 7

java -v

[lwilliams777]

Hi CFB;

I put in a request for an alias and received what I thought was a confirmation with a transaction ID.  I looked at the transaction URL but it said "alias unknown".  However, today when I looked at the list that someone posted here it appears as though someone else who bid the same amount as me received the alias instead of me even though the server returned a transaction ID.  I'm wondering what happened.  



Leon

[Come-from-Beyond]

i need a surfboard when see this perfectly fitted wave...

http://87.230.14.1/nxt/nxt.cgi?action=2&sub=4

That's a masterpiece!

[Come-from-Beyond]

I'm wondering what happened.  

The guy who forged that block picked other transaction.

[bidji29]

ok i'm running a :

cr1.8xlarge (88 ECUs, 32 vCPUs, 244 GiB memory, EBS only) instance on amazon.

[abctc]

Put hosts listed in lastBlockchainFeed about into "wellKnownPeers". Set other parameters to:

connectTimeout = 2000
readTimeout = 2000
pushThreshold = 1
pullThreshold = 1

- may be we need to set
pushThreshold = 500000
pullThreshold = 500000
in order to use only Hallmarked nodes?  to diminish the attack ?

500 seconds too much

- doesn't  pushThreshold define the hallmark weight ?  not seconds?

pushThreshold is weight.

- so didn't you and BCNext invent Hallmarks exactly in order to fight against Application level attack ?

doesn't we need to put higher value into pullThreshold, in order to bypass the attacker's requests?

[pinarello]

I just dont get the forging part, forging for days and days but 0 NXT, mmmmm.


Pin

[laowai80]

I wonder how much higher they could have pushed it, if it wasn't capped at 100 mb/s, sorry for the pic, looks weird i know



my normal bandwidth is 1-2 mb/s,

they still pushing at 40 mb/s.

[Come-from-Beyond]

ok i'm running a :

cr1.8xlarge (88 ECUs, 32 vCPUs, 244 GiB memory, EBS only) instance on amazon.

Great. Don't forget to put ur IP into myAddress in web.xml. Also put a hallmark on it, this helps a lot.

[Come-from-Beyond]

doesn't we need to put higher value into pullThreshold, in order to bypass the attacker's requests?

Ddos is incoming requests, push and pull r for outcoming ones. Also it targets Jetty core, not Nxt servlet.

[bittick]

why is nxt so expensive all of a sudden?

[klee]

why is nxt so expensive all of a sudden?

Dirty cheap still...

[Come-from-Beyond]

Today so much fun, looking forward to see the day when Nxt outpaces Litecoin and comes close to Bitcoin...

[nexern]

Today so much fun, looking forward to see the day when Nxt outpaces Litecoin and comes close to Bitcoin...

3-6 month...