| Nxt | Blockchain Platform | Proof of Stake | Official

[habraken]

So it's basically this?: The only reason leasing exists is because it would exist regardless, someone would build such a system to allow stake leasing whether it was "officially" sanctioned or not?

http://wiki.nxtcrypto.org/wiki/Account_Leasing

This feature introduces two main benefits.
Firstly, you no longer need to leave your client running 24/7 in order to take part on the forging process. You can lease your balance to someone that does.
Secondly, it allows the formation of forging pools where multiple users can combine their forging power to increase their chance at forging a block. Any NXT forged is not automatically sent to your account, it's up to the pool owner what to do with it.

So if you don't feel comfortable leaving the client running logged into an account that has lots of NXT in it, you use a forging account with little NXT in it, and lease the other big account to it. If the small account gets hacked or something, you don't lose much

[1715036642]

1715036642

[1715036642]

1715036642

[BootstrapCoinDev]

NXT, like all currencies, underlies heavy swings. So when all altcoins on average take a dive, NXT follows. If you graph the biggest 100 altcoins starting from June you will see a very strong correclation of that downtrend. One reason for this is probably the Ethereum IPO that drained enormous amounts of BTC out of the altcoin scene. Another reason is that before June, NXT saw a 300% rise from 20 M to 80 M market cap. April --> June.

[Simakki]

Is it normal that nxt client blockchain downloads couple of hours?

[TwinWinNerD]

WTB 200k-5M NXT. PM me, I can pay a good rate.

[evok3d]

I posted this in the NXT forum as well:
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068

Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.

Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.

Cheers!

Twitter
https://twitter.com/ev0k3d/status/538021854360129538

Thread
https://bitcointalk.org/index.php?topic=855130.msg9673449#msg9673449

[Daedelus]

Is it normal that nxt client blockchain downloads couple of hours?

Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.

Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases.

[Daedelus]

I posted this in the NXT forum as well:
https://nxtforum.org/news-and-announcements/(poh)-proof-of-honor-jean-luc-come-from-beyond-both-have-been-nominated!/msg135068/#msg135068

Congratulations to the both of you having done some amazing work to acquire some great support. Jean Luc you have made it to the voting round as of today.

Great work guys, this shows how more than one person from a community can go through our Proof of Honor voting round. It just shows how strong NXT is as well.

Cheers!

Twitter
https://twitter.com/ev0k3d/status/538021854360129538

Thread
https://bitcointalk.org/index.php?topic=855130.msg9673449#msg9673449

BCNext currently has ZERO votes  


If you haven't voted in this yet, we need 15 of our loyal Nxt-official-thread-browsers to go over to....

https://bitcointalk.org/index.php?topic=855130.0

...an nominate BCNext. Only THREE days to go! Remember, if you have nominated already then you can't do it again. We need silent members to speak up 


Then Nxt will have the most nominations of any crypto platform or coin in the vote: Come-from-Beyond, JL777, Jean-Luc and BCNext (if you count BCNext as a Nxter...)


Then we need a decide on who is most likely to garner the most votes in the actual voting... we made our point with the nominations but we don't want to split the Nxter vote to the point where a Nxter doesn't win! A pre-vote vote is in order (consider this the pre-announcement to the pre-vote vote...)

Stay tuned...

[Daedelus]

Please consider this, vote requested:

https://nxtforum.org/general-discussion/the-crypto-oscars-who-should-nxters-vote-for-3-days-to-decide!/

[kushti]

Consensus Research published it's first paper on Multibranch Forging https://www.scribd.com/doc/248208963/Multibranch-forging (scroll down to view) and just open-sourced simulation tool behind! https://github.com/ConsensusResearch/MultiBranch 

So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies.  Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.

This work is applied not to Nxt only, but all proof-of-stake cryptos.

Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.

We have own subforum on Nxt forum: https://nxtforum.org/consensus-research

[nexern]

Consensus Research published it's first paper on Multibranch Forging https://www.scribd.com/doc/248208963/Multibranch-forging (scroll down to view) and just open-sourced simulation tool behind! https://github.com/ConsensusResearch/MultiBranch 

So you can play with multiple-branch forging and see it's model in action. For example, being implemented for just future predictions, multiple-branch forging == Transparent Forging. Being implemented for storing past & current blockchain state, it's also subject for Nothing-at-Stake concern. Our next paper will be about N@S, with concrete details, not just unclear statements, as previous studies.  Then we will start to work on proposals to improve proof-of-stake at whole & concrete implementations.

This work is applied not to Nxt only, but all proof-of-stake cryptos.

Please support Consensus Research by providing feedback, spreading the word around, contributing to work, and donating.

We have own subforum on Nxt forum: https://nxtforum.org/consensus-research

good work, thx kushti.

[CryptKeeper]

Is it normal that nxt client blockchain downloads couple of hours?

Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.

Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases.

Bitcoin has about 25GB blockchain now, how long does that one take to download?

[EvilDave]

Forever, in my experience.
Really, keeping the BTC blockchain up-to-date is a complete bastard.

[ThomasVeil]

BCNext currently has ZERO votes  

Got 30 posts now - but still a Noob. Not gonna be Jr. in time I fear.

[Daedelus]

Don't worry. The vote will be via Facebook and Twitter so not sure the Nxt vote would be mobilised. I don't think the calibre of candidates has come through that they expected either.

[ThomasVeil]

Don't worry. The vote will be via Facebook and Twitter so not sure the Nxt vote would be mobilised. I don't think the calibre of candidates has come through that they expected either.

https://bitcointalk.org/index.php?topic=855130.msg9680136#msg9680136
 

You should decide which of the NXT candidates we should vote for in the final round. So that we won't split the votes.

[Daedelus]

Don't worry. The vote will be via Facebook and Twitter so not sure the Nxt vote would be mobilised. I don't think the calibre of candidates has come through that they expected either.

https://bitcointalk.org/index.php?topic=855130.msg9680136#msg9680136
 

You should decide which of the NXT candidates we should vote for in the final round. So that we won't split the votes.

That is the first formal nomination for BCNext 

[Daedelus]

Vote Nxt! 

https://bitcointalk.org/index.php?topic=873251.0

[yassin54]

Vote Nxt! 

https://bitcointalk.org/index.php?topic=873251.0

Done!!
 

[Simakki]

Is it normal that nxt client blockchain downloads couple of hours?

Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.

Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases.

Bitcoin has about 25GB blockchain now, how long does that one take to download?

I have a 100MB internet connection though, but it took almost 4 hours to download the NXT blockchain. I have used blockchain.info wallet and that shit is working like a magic compared to the NXT client.

[PilotofBTC]

Is it normal that nxt client blockchain downloads couple of hours?

Depends on your connection, it took me an hour and a bit. Nxt is a year old and the blockchain has around 600,000 transactions in it that not only need to be downloaded, but verified too.

Beware of noobs whooping about how fast they got up on running on their favourite coin. It is usually because the blockchain is 10mb and has 300 transactions in it Try to compare like for like in terms of age of coin and number of transactions in the blockchain in these cases.

Bitcoin has about 25GB blockchain now, how long does that one take to download?

I have a 100MB internet connection though, but it took almost 4 hours to download the NXT blockchain. I have used blockchain.info wallet and that shit is working like a magic compared to the NXT client.

No doubt. Blockchain.info is a web services based wallet. It doesn't d/l the blockchain. There are such options for NXT. There are two very similar to blockchain.info and there is mofowallet which can be both lightweight or d/l the blockchain, your choice.