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

[IlVeroNico]

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

To mine it you got to have a verifier in the queue, check out the website i linked 2 posts above

[1715574861]

1715574861

[1715574861]

1715574861

[kensaii]

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.

It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.

[IlVeroNico]

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.

It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.

The easiest way to get in touch with the community is either on Discord: https://t.co/arnXToX0SR?amp=1

Or on the Forum: https://forum.nyzo.community/

[iHodler]

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.

It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.

The easiest way to get in touch with the community is either on Discord: https://t.co/arnXToX0SR?amp=1

Or on the Forum: https://forum.nyzo.community/

Yes Discord is pretty active, I don't know anything about the forum.

As a side note: I don't know why so many projects doesn't understand that having your own forum is worthless since almost no one will join it, because everyone is here.

For example I find it very hard to make accounts to all crypto forums and join all the forums of all coins I own even from time to time.

[IlVeroNico]

...

The forum is mostly used for NTTP and  NCFP proposal discussions before being voted on I think

[iwbinb]

NYZO has frequent updates and an active community, so perhaps we can simply sync @nyzo_currency and @NyzoGang updates here.

[amy1284455127]

Why is @nyzo_currency frozen?

[l8orre]

Team
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.

Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.

The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.

https://myaltcoins.info/nyzo-review/

Thanks! This info is sort of what I was looking for!

[mocomaco]

Team
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.

Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.

The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.

https://myaltcoins.info/nyzo-review/

Thanks! This info is sort of what I was looking for!

This is outdated, the premine has been transferred to an address controlled by the cycle, which needs at least the approval of 50% of the verifiers to move any funds from it. This address is now intended to fund the development made by the community to the project and pay bounties for reporting vulnerabilities. You can find more info in the following links:
http://tech.nyzo.co/strategy/buildingNyzo1
http://tech.nyzo.co/strategy/buildingNyzo2

[lemonandfriesonetwo]

How long is each cycle on average?

[mocomaco]

How long is each cycle on average?

The cycle length is 2019 at the moment. This means there are 2019 verifiers validating transactions, they take turns producing blocks in a circular order. Each time a full cycle of verification ends, a new verifier joins the cycle. (This verifier is chosen randomly from the ones waiting in the queue), increasing the cycle length by one.

On average, each cycle of verification lasts 7 times the length of the cycle, in seconds. It is important to note that the amount of time it takes to complete a full cycle does not affect the finality time for a transaction.

You can learn more about Nyzo here:

http://tech.nyzo.co/

[coinporch]

today, the price growing more than 200% ? what happened ?
because i don't see any updates in Nyzo medium, i hope somebody who knows the cause will write here the reason of this pump
thanks

[meowzerz]

Many coins on qtrade pumped today, some defi winners filling bags perhaps

[tarsmozirko22]

very unique and good in tech 

[iwbinb]

NEW RELEASE - NTTP-7

The dev team released their new version v605 which implements the new linear IP lottery. The shift to the linear IP lottery will incentivise diversification of IP spaces with higher chances in the lottery.

Read more: https://tech.nyzo.co/releaseNotes/v605
https://twitter.com/nyzo_io/status/1312995360768512001/photo/1

[iwbinb]

PROJECT NYTRO IS COMING

NYTRO Token Contracts will enable ERC-20 like tokens on the #NYZO blockchain.

Fast and almost feeless.

Read the full announcement and voting instructions for NCFP-17 here:

https://discord.com/channels/498009379413688320/498839528187101184/790995982103609404

#NYTRO

[IlVeroNico]

PROJECT NYTRO IS COMING

NYTRO Token Contracts will enable ERC-20 like tokens on the #NYZO blockchain.

Fast and almost feeless.

Read the full announcement and voting instructions for NCFP-17 here:

https://discord.com/channels/498009379413688320/498839528187101184/790995982103609404

#NYTRO

Super hyped about it

[jaymen]

If i set up more verifiers, will it increase the chance to get verified? If so, that will be a problem.  I  found that some "farms" are in the queue which they use the same prefix as their name.  So, how can we participate in this project if people can control the chance to get verified.

[iwbinb]

Nyzo Micropay for Android version release
http://tech.nyzo.co/releaseNotes/ma1
Micropay Android 1: payments
introduces the Micropay app with payment functionality.

[iwbinb]

If i set up more verifiers, will it increase the chance to get verified? If so, that will be a problem.  I  found that some "farms" are in the queue which they use the same prefix as their name.  So, how can we participate in this project if people can control the chance to get verified.

There are some nodes in the queue with the same prefix name, most of them use the subnet IP, and the rule (linear IP lottery http://tech.nyzo.co/teamTechnologyProposals/nttp7) makes these subnet IP nodes have little chance to be selected into the cycle. So your chances of using normal VPS nodes are actually great. Yes, the more VPS nodes, the more your chances will be.