[ANN] [NYZO] Nyzo (Nyzo.co) | Proof of diversity | Fairly distributed | Original

[zero24x]

Can this coin be "mined" on Windows machine?

Can it be traded? Why does it exist?

Hi,
I'm just an user, no team member, I try to answer:

Nyzo can be traded here on multiple exchanges, see here: https://www.coingecko.com/en/coins/nyzo/trading_exchanges#panel

You can "mine" by setting up an verifier (works on a windows server with fixed ipv4 address), be aware there is a waiting period before you can join. For more details check their website, discord, replies in this thread etc.


The proof of diversity consesus is an innovative concept, I quote their whitepaper:

"Nyzo is an open-source, highly decentralized, democratic, and highly efficient blockchain. The block time is seven seconds, and the system scales well to high transaction volumes. This is not like most of the new coins you see: this is not a derivative of another project, and it is not just a few new features or a slight design change from other projects. This is all-new code, built from the ground up to be the most efficient, most democratic, easiest-to-use cryptocurrency in the world. "

See https://nyzo.co/whitePaper

Thanks for the info.
This project looks interesting.. a bit similar to O-byte, but without the bad management.
Since I only have Windows based systems, is it possible to run a virtual machine inside which I can run a verifier?

Have you tried it and can you recommend a certain VM?

Hi,
it's best to go to their discord (link on 1st page) and ask people there who have experience, I heard you can rent virtual machines with linux for a few dollars per month and use them but there is a big line of people waiting to join, they should be able to answer all this questions in their discord.

Thanks for the info. I'm afraid I don't have time to examine some secret coin which holds it's knowledge at selected people in a chat channel.

It's a lot faster to chat with people in realtime in their discord than to write here.

Here you find a suggestion how to run your node: https://github.com/n-y-z-o/nyzoVerifier/blob/master/README.md

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[arielbit]

A handy calculator for new entrants has been made by a discord community member!

You can find it here: https://nyzo.today



Update instructions:

https://nyzo.co/updateInstructions

if you got an IP and want to be a verifier

4604 Days
before a verifier enters the cycle
(with 90% certainty)

 LOL 

[lemonandfriesonetwo]

A handy calculator for new entrants has been made by a discord community member!

You can find it here: https://nyzo.today



Update instructions:

https://nyzo.co/updateInstructions

if you got an IP and want to be a verifier

4604 Days
before a verifier enters the cycle
(with 90% certainty)

 LOL 

4604 days? This project nailed its own nails and built its own coffin to be put into the alt-coin graveyard.

That's a really dumb feature.

[panagot]

NYZO now listed on coinmarketcap.

https://coinmarketcap.com/currencies/nyzo/

[amy1284455127]

Can nyzo enter the top 5?

[iwbinb]

A handy calculator for new entrants has been made by a discord community member!

You can find it here: https://nyzo.today



Update instructions:

https://nyzo.co/updateInstructions

if you got an IP and want to be a verifier

4604 Days
before a verifier enters the cycle
(with 90% certainty)

 LOL 

4604 days? This project nailed its own nails and built its own coffin to be put into the alt-coin graveyard.

That's a really dumb feature.

To be precise, after the 30th day, you have the opportunity to enter the cycle every day to become a verifier in cycle , randomly selected

[iwbinb]

Nyzo and its protocol which facilitates building
https://medium.com/@nyzoco/nyzo-and-its-protocol-which-facilitates-building-986e39163c5

[bogdan198]

hi. how long is a node in the queue before it starts confirming blocks?

[iHodler]

hi. how long is a node in the queue before it starts confirming blocks?

Now, I think is more than 7 months if my calculations are good.

[iwbinb]

hi. how long is a node in the queue before it starts confirming blocks?

About rewards? If you are verifier in cycle, you will get rewards in every block. After 30 days waiting, your node has chances to be selected into the cycle as a Nyzo verifier, Randomly selected, after entering the cycle, will always be a Nyzo verifier.

[iHodler]

hi. how long is a node in the queue before it starts confirming blocks?

About rewards? If you are verifier in cycle, you will get rewards in every block. After 30 days waiting, your node has chances to be selected into the cycle as a Nyzo verifier, Randomly selected, after entering the cycle, will always be a Nyzo verifier.

So entering the cycle is random? I thought is FIFO style if you enter the queue.

[whotheff]

7 months!? If this is true, it is ridiculous.

[iHodler]

7 months!? If this is true, it is ridiculous.

No, it seems I was wrong. I thought the Verifiers queue is first-in-first-out style.

After 30 days if you are lucky you can be randomly chosen to participate in the cycle.

[songsunling]

where can we trade nyzo smoothly?  the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade

[iwbinb]

where can we trade nyzo smoothly?  the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade

Usually trade on qtrade, but I think citex is also a good choice

[songsunling]

IMO it's better to trade in qtrade, when i see nyzo rich list. Qtrade has the most nyzo among exchanges.

https://explorer.nyzo.net/client/richlist.html

[iHodler]

where can we trade nyzo smoothly?  the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade

If the price is better on Bilaxy/Cytex and the fee is higher on qTrade. Than the answer is obvious. Isn't it?

[IlVeroNico]

https://nyzo.net/knowledgebase opened some time ago, it's way more polished than the original nyzo.co website

[rowenta01]

It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.

[Exadro]

can we mine this coin? or only with the postal system? I see this coin is in 4 big top cmc markets and has good value, so I want to learn this coin in detail