| Nxt | Blockchain Platform | Proof of Stake | Official

[princesultan1]

any point of forging is i only have 10,000 coins?

Lease your forging power

What would I get?

[gvans]

any point of forging is i only have 10,000 coins?

Lease your forging power

What would I get?

here's some info
https://nxtforum.org/news-and-announcements/leased-forging-to-be-launched-available-on-the-mainnet-at-block-130000/

member forkedchain has set up shared forging account, here:
https://nxtforum.org/general-discussion/nxtcrypto-org-leased-forging-pool-only-fees-are-1nxt-to-withdraw/

nxtio.org will have one too, and there are propably others which I'm not aware of.

[Brangdon]

Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?

I don't think this got replied to. As I understand it, that's not what an account is in Nxt. In Nxt an account is only the first 64 bits of the hash. That's why it's relatively weak. It's also why it can be expressed in 21 digits, where Bitcoin needs 34 alphnumeric characters. So account collisions are much more likely in Nxt. When you first send from a Nxt account, your public key is registered to the account, and that brings the security back up to 256 bits.

Thanks - that's helpful. I think I understand it now.
It rules out conventional cold storage, unfortunately.

You can create an account on an offline computer, send some coins to it, then create a transaction signed on the offline computer, move that transaction to an online computer, and broadcast it. That gets your account associated with a public key without the private key ever being exposed an online computer. I say "you can" but I don't know if the wallet software to do this exists yet; if it doesn't it could (and should!) be written. It'd work pretty much the same as Armory, except with the need to create that initial (offline) transaction.

[Daedelus]

Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?

I don't think this got replied to. As I understand it, that's not what an account is in Nxt. In Nxt an account is only the first 64 bits of the hash. That's why it's relatively weak. It's also why it can be expressed in 21 digits, where Bitcoin needs 34 alphnumeric characters. So account collisions are much more likely in Nxt. When you first send from a Nxt account, your public key is registered to the account, and that brings the security back up to 256 bits.

Thanks - that's helpful. I think I understand it now.
It rules out conventional cold storage, unfortunately.

You can create an account on an offline computer, send some coins to it, then create a transaction signed on the offline computer, move that transaction to an online computer, and broadcast it. That gets your account associated with a public key without the private key ever being exposed an online computer. I say "you can" but I don't know if the wallet software to do this exists yet; if it doesn't it could (and should!) be written. It'd work pretty much the same as Armory, except with the need to create that initial (offline) transaction.

Account control will allow you to lock your account, preventing any outgoing transactions that will add good security. Post in the nxtforum account control subforum and come-from-beyond will pick it up.

[TwinWinNerD]

AE COUNTDOWN: nxt.org

[Cassius]

Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?

I don't think this got replied to. As I understand it, that's not what an account is in Nxt. In Nxt an account is only the first 64 bits of the hash. That's why it's relatively weak. It's also why it can be expressed in 21 digits, where Bitcoin needs 34 alphnumeric characters. So account collisions are much more likely in Nxt. When you first send from a Nxt account, your public key is registered to the account, and that brings the security back up to 256 bits.

Thanks - that's helpful. I think I understand it now.
It rules out conventional cold storage, unfortunately.

You can create an account on an offline computer, send some coins to it, then create a transaction signed on the offline computer, move that transaction to an online computer, and broadcast it. That gets your account associated with a public key without the private key ever being exposed an online computer. I say "you can" but I don't know if the wallet software to do this exists yet; if it doesn't it could (and should!) be written. It'd work pretty much the same as Armory, except with the need to create that initial (offline) transaction.

Account control will allow you to lock your account, preventing any outgoing transactions that will add good security. Post in the nxtforum account control subforum and come-from-beyond will pick it up.

Cool, thanks for both replies.
How would account locking work - separate password? The main attack I see happening on NXT is malware/keystroke loggers. I really like the all-offline solution of bitcoin cold storage because it's so elegantly simple and powerful. Wondering what the NXT analogue is.

[Daedelus]

Thanks! Actually I was hoping for a little more detail
The address is something like sha256(curve25519(sha256(key))). It is presumably as easy or hard to bruteforce this regardless of whether an account has been verified. If you know the key, you have access to the account.
You must be talking about an intermediate step - a way of sending funds from an account without using its private key?

I don't think this got replied to. As I understand it, that's not what an account is in Nxt. In Nxt an account is only the first 64 bits of the hash. That's why it's relatively weak. It's also why it can be expressed in 21 digits, where Bitcoin needs 34 alphnumeric characters. So account collisions are much more likely in Nxt. When you first send from a Nxt account, your public key is registered to the account, and that brings the security back up to 256 bits.

Thanks - that's helpful. I think I understand it now.
It rules out conventional cold storage, unfortunately.

You can create an account on an offline computer, send some coins to it, then create a transaction signed on the offline computer, move that transaction to an online computer, and broadcast it. That gets your account associated with a public key without the private key ever being exposed an online computer. I say "you can" but I don't know if the wallet software to do this exists yet; if it doesn't it could (and should!) be written. It'd work pretty much the same as Armory, except with the need to create that initial (offline) transaction.

Account control will allow you to lock your account, preventing any outgoing transactions that will add good security. Post in the nxtforum account control subforum and come-from-beyond will pick it up.

Cool, thanks for both replies.
How would account locking work - separate password? The main attack I see happening on NXT is malware/keystroke loggers. I really like the all-offline solution of bitcoin cold storage because it's so elegantly simple and powerful. Wondering what the NXT analogue is.

It is in Come-from-beyonds hands. The last discussion I saw was in the megathread.

For now, we have http://wiki.nxtcrypto.org/wiki/Account_Control or posting questions in the subforum above.

[mr_random]

AE COUNTDOWN: nxt.org

Sweet. 

[EvilDave]

AE COUNTDOWN: nxt.org

Sweet. 

+1 on that. This is the first time i've seen nxtcommunity.org, it rules.
I sometimes can't believe how far NXT has come in the last 6 months.....its hard to keep up with all the good stuff thats going on right now.

Like this:
http://nxtdashboard.org/index?show=dashboard&event=4
Crimi made that for the conferences, give him some +1 (and donations) here:
https://nxtforum.org/nxt-promotion/bitcoin2014-btc-foundation-conference-amsterdam-may-15-17/220/#msg18454

[wesleyh]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

[TwinWinNerD]

AE COUNTDOWN: http://nxtcommunity.org/

[Conurtrol]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

+1. That is beautiful.

[TwinWinNerD]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

Very nice! Whos work is it? Passion_LTC and?

[Ezravdb]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

Looks tits!!!

[PL_CoinTrader]

I'm wondering why the price drops before the AE launch. Howsoever I'm very excited for the AE launch and I'm going to buy a lot of assets. Especially assets from Noxam, Bithaus, Dgex and Dots for Bits. I'm just a little afraid that the stakeholder buy all the assets. But I have no idea whether this is a realistic scenario or not.

[EvilDave]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

Looks tits!!!

+1 to my uncouth friend.....

It does, indeed, appear to be mammaries of the highest possible quality.

NXT rules......i've run out of +1 for today.

(thats 3 amazing NXT things I've seen today.....I don't get out much)

[rdanneskjoldr]

Upvote this in reddit pls!Thread in the first page about new colored coins project to be release in 48 hours. Let them know we made it real first!

https://nxtforum.org/alternate-cryptocurrencies/coinprism-announces-colored-coins-are-coming-in-48-hours/

[godt]

The new nxt.org is loading for me! Looks sweet

http://nxt.org

Nice great design...Finally

[rdanneskjoldr]

Also the weekend does not help.Good thing is people will be able to try it tomorrow when they wake up without waiting

[farl4web]

The new website www.NXT.org is really looking great!!