NXT :: descendant of Bitcoin - Updated Information

[Anon136]

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"

best paragraph I read this year.   Thank you!

I love this nxt community. You guys never fail to say things that brighten my day.

[opticalcarrier]

nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"

Plz expound,  i do not grasp concept of 'parallel secure blockchains'  much less how they correlate with dac

[Anon136]

nxt really is the model for distributed autonomous corporations. Inorder to have thousands or millions of blockchains that are all secure it is imperative that they not be in competition with one another for the resources that make them secure. with mining, the strength of one blockchain is the weakness of another. Or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains. this is a prerequisite for a vibrant ecosystem of distributed autonomous corporations.

*edit* i may write a paper about this

Would be great. I was going to implement Parallel Blockchains by April, but I see that u already got the same idea ("or put differently, every hash/s on blockchain a is a hash/s that is not available to secure blockchain b. with the nxt framework we can have an almost infinite number of secure blockchains"), so I'll focus on other things.

The only problem that I'm having with the idea of writing a paper about it is that i pretty much communicated everything that i needed to communicate in a paragraph >.< While at the same time I cant say, "hey guys i wrote a paragraph, everyone check out my awesome paragraph!"

Plz expound,  i do not grasp concept of 'parallel secure blockchains'  much less how they correlate with dac

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

[msin]

0.5.8 running so smooth, and much faster!  Thanks JLP.

[msin]

I would like to offer a personal 100k bounty for anyone who can develop a Nxt torrent function using AM.  I believe we could also develop a decentralized marketplace using the same model, I need SR back!  But seriously, I'm sure the community would reward in addition to my bounty.  I can start a separate thread as well.

[punkrock]

I am living in the wrong timezone. Anyway:

[2Kool4Skewl]

I am living in the wrong timezone. Anyway:

AWESOME!!! 

[xyzzyx]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

Edit: I mean, I don't see any difference between parallel blockchains and distinct blockchains with the exception that parallel blockchains may have pointers/references to data contained in the other while distinct blockchains won't.

[Come-from-Beyond]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

[landomata]

I am living in the wrong timezone. Anyway:

AWESOME!!! 

NXTER's.....I see you on Mars

[Anon136]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

Like bitcoin and litecoin. Different blockchains, same technology.

[Anon136]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

I'm going to have to spend some time pondering this. I do not, atleast immediately, understand how such a thing would work. Would this be similar to emu blocktrees? I never have been able to understand that either.

[pandaisftw]

Dang, I was here at 999, went to dinner and missed 1000

Anyhow, let's keep up the good work!

[xyzzyx]

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

Interesting.  I'll have to think about this since my conception -- the model I was playing with in my head -- was different, I believe.

Do you have an example of checkpointing of slave chains?

[Come-from-Beyond]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

I'm going to have to spend some time pondering this. I do not, atleast immediately, understand how such a thing would work. Would this be similar to emu blocktrees? I never have been able to understand that either.

I don't know how eMu works.

Imagine master blockchain (MASTER) and 2 slave chains - for payments and for storage - (PAYMENTS and STORAGE).
If a forger can't handle so much traffic, he could choose only MASTER + PAYMENTS only.

This is the sketch of the idea.

[Come-from-Beyond]

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

Interesting.  I'll have to think about this since my conception -- the model I was playing with in my head -- was different, I believe.

Do you have an example of checkpointing of slave chains?

Merged mining could be similar to this...

[Anon136]

I wasn't talking about parallel blockchains. I was talking about totally distinct blockchains.

What's the functional difference?

I see now. I was talking about distinct blockchains where checkpoints of slave chains r written into the master chain.

I'm going to have to spend some time pondering this. I do not, atleast immediately, understand how such a thing would work. Would this be similar to emu blocktrees? I never have been able to understand that either.

I don't know how eMu works.

Imagine master blockchain (MASTER) and 2 slave chains - for payments and for storage - (PAYMENTS and STORAGE).
If a forger can't handle so much traffic, he could choose only MASTER + PAYMENTS only.

This is the sketch of the idea.

The more i think about these ideas the more i am reminded of the advantages of the devision of labor in a market economy. Since blockchains are so limited in general in scalability it is probably best to have an entirely distinct blockchain for each intended use. Now that never would have been the case with proof of work, because of the reasons mentioned earlier about chains competing for security resources, but with proof of stake it becomes practical. And of course it could be one client to access all of the totally distinct blockchains. Master and slave is really useful in pow, but with pos i think it may just be needlessly restrictive.

*edit* its should be noted that im not at all confident that i am right about this, just thinking out loud

*edit2* with that being said, master and slave is still definitely better than cramming transactions and storage on the same chain.

[pinarello]

I would like to offer a personal 100k bounty for anyone who can develop a Nxt torrent function using AM.  I believe we could also develop a decentralized marketplace using the same model, I need SR back!  But seriously, I'm sure the community would reward in addition to my bounty.  I can start a separate thread as well.

+1 willing to help you with this project.

Pin

[apenzl]

I just found the second voting-thread through Damelons summary. Thanks! 
https://bitcointalk.org/index.php?topic=418838.0

I found that my Facebook.com/nxtmag with 700 followers had decreased to 0 votes.

So be it. Aren't we all just humanoids.
I would find it fair though, if the link was right, so people could see my site!

Best regards,
apenzl, volunteer, just a bit confused.

Join the movement @ https://www.facebook.com/nxtmag
Video channel here: https://www.youtube.com/channel/UCXrrxcsz_Ecl1E3_LaSLjbQ/videos

Donations for the upcoming newsletter are appreciated, account for that only: 7849037285621103550

[pinarello]

I just found the second voting-thread through Damelons summary. Thanks! 
https://bitcointalk.org/index.php?topic=418838.0

I found that my Facebook.com/nxtmag with 700 followers had decreased to 0 votes.

So be it. Aren't we all just humanoids.
I would find it fair though, if the link was right, so people could see my site!

Best regards,
apenzl, volunteer, just a bit confused.

Join the movement @ https://www.facebook.com/nxtmag
Video channel here: https://www.youtube.com/channel/UCXrrxcsz_Ecl1E3_LaSLjbQ/videos

Donations for the upcoming newsletter are appreciated, account for that only: 7849037285621103550

Hi apenz,

sorry about the link fixed it. Altough maybe you have 0 votes you will receive a reward anyway.

not happy with that?

Pin