Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come

[Conqueror]

Yes I have not kept to my timelines which is why I don't post timelines that are overly optimistic now a days. Might I remind you the Trust Key expiration idea has evolved into a more complicated system which requires more development time, as in trust keys not being fixed to a specific expiration time but rather decaying based on how much trust you already have at a rate faster than your trust builds.
javascript:void(0);
Either contribute or wait means, either help out with Nexus, or wait. One man can only do so much in so much time. If you guys don't like the speed, a better approach rather than "you should be doing this Viz" is, "Viz, how can I help"?

Thank You,
Viz.

Welcome to community based projects (sound of shattered glass in the background)

True is most of us are here just to ride the wave of your hard work. Myself included.
I suggest not to fight back the community. It is the lousy one, but the only one you have at the moment.
I actually like you and your work. Just can not digest waiting half hour for wallet opening, wallet is the most
intimate interaction between NEXUS and user.

[macorcina]

Thank You,
Viz.

YOU was asking community  few time,  before update about improvement.
YOU make promises about timeline.  
At least , community deserve apologize from you.
help is asking , not offer.

Sure it would be nice to have the resources of say IBM behind nexus and watch it pop into instant maturity....

to fix loading problem with wallet ? after 6 months ?
what dev need ? IBM resources ?  or another dev ?

[dbt1033]

Thank You,
Viz.

YOU was asking community  few time,  before update about improvement.
YOU make promises about timeline.  
At least , community deserve apologize from you.
help is asking , not offer.

Sure it would be nice to have the resources of say IBM behind nexus and watch it pop into instant maturity....

to fix loading problem with wallet ? after 6 months ?

They have said the next release will fix this...

Stop your whining, the dev team isn't on your payroll.

If you want hype, you're in the wrong place.

Do you really want a half ass release right now?  It's better to wait. 

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

[merc84]

The project is open source so now anyone with the skills can fix such issues that they are able to identify, for ages people bitch about not being open source and when it comes then ppl have something else to bitch about. As Viz said a more appropriate response would be HOW can we help? Not why haven't you (Viz) finished this update yet.

[macorcina]

Thank You,
Viz.

YOU was asking community  few time,  before update about improvement.
YOU make promises about timeline.  
At least , community deserve apologize from you.
help is asking , not offer.

Sure it would be nice to have the resources of say IBM behind nexus and watch it pop into instant maturity....

to fix loading problem with wallet ? after 6 months ?

They have said the next release will fix this...

Stop your whining, the dev team isn't on your payroll.

If you want hype, you're in the wrong place.

Do you really want a half ass release right now?  It's better to wait.  

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

ok. developer is princess. I don't ask questions, anymore. everything is perfect. wallet is perfect.
Only someone of community, who ask questions is bad.

[merc84]

Thank you Viz for your continued effort on this project, I believe most of us understand the commitment of work and family is very time consuming. And I for one appreciate the hard work you have invested in this project for the past year plus, please don't be disheartened by the whingers.

[Namsbreh]

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

%3 actually, I've mined over 20 000 blocks, thats why I have waited patiently for months.  Thats my contribution for now.

As I said earlier,

Please do what is promised, before promising more.  That is all I am asking!

I don't want to fight. 

[dbt1033]

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

%3 actually, I've mined over 20 000 blocks, thats why I have waited patiently for months.  Thats my contribution for now.

As I said earlier,

Please do what is promised, before promising more.  That is all I am asking!

I don't want to fight. 

That wasn't even directed at you...

[macorcina]

I ask community :
Did anyone try to import backup of wallet.dat to fresh copy of wallet ?

[Namsbreh]

Thank you Viz for your continued effort on this project, I believe most of us understand the commitment of work and family is very time consuming. And I for one appreciate the hard work you have invested in this project for the past year plus,

Agree with this.  I've said thanks before, but it's good to remind Viz.  Thanks for sticking with the project.

I'm not whinging, I've got a valid point about the 4 months.  No  more time lines is good, but please no more talk of new stuff until promised stuff is done.

[merc84]

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

%3 actually, I've mined over 20 000 blocks, thats why I have waited patiently for months.  Thats my contribution for now.

As I said earlier,

Please do what is promised, before promising more.  That is all I am asking!

I don't want to fight. 

The roadmap is fine if you look at past releases the features that are "promised" have been delivered, sure it may take a bit longer than we would like but they do get delivered, and I'm sure we can all understand the reason for the delays. As to future "promises" I see nothing wrong with having certain features planned for inclusion in future releases in fact I would be rather worried if the development process was not following some structure.

[pdogg147]

I ask community :
Did anyone try to import backup of wallet.dat to fresh copy of wallet ?

Yes I did this but I replaced the new wallet.dat in the roaming folder.

[pdogg147]

It's a long term project, what's the rush?  I bet you don't even own one percent of the supply.

%3 actually, I've mined over 20 000 blocks, thats why I have waited patiently for months.  Thats my contribution for now.

Impressive!

[Namsbreh]

Blocks used to come quickly in the early days when the reserves were full and blocks were 70 coins each.  Kept my house nice and warm last winter.

I ask community :
Did anyone try to import backup of wallet.dat to fresh copy of wallet ?

Like Pdogg, I just replaced the new wallet.dat with my old wallet.dat in the roaming folder.  I expect we would all have done this when switching from CSD to Niro.

[cestballot]

http://nexusniropool.cestballot.fr/ Pool Close for 12h. Open

software crash some time, we have to investigate.

I keep you posted.

Edit1 : Pool database is safe, but I don't found why the pool software crash. Viz will help me to solve this probleme.

[pdogg147]

nex·usˈneksəs' : a connection or series of connections linking two or more things.

"It is not the concept of money – monetary value – that is the issue; it is the implementation of it."

Money is only a container of energy allowing exchange of value between two parties. Nexus applies a decentralized, mathematically regulated, transparent currency designed for stability and sustainability: The denomination of Nexus is termed The Niro. Decentralization is inherent to success, as centralized points only serve as fail points, as malleable targets to be exploited for the benefit of few. In order for a system to be designed in service of the people, its creation must be forged under like principles. This has been brought forth through history, in its successful implementations of self-governance, of liberty, and the right to sustenance for all life. This right has been circumvented, in which, our only choice is to form a Nexus, to combine our strength as global citizens – and preserve our right to life, freedom, and the pursuit of happiness. These Connections of Economies, Ideas, People, Computers, and Resources will free humankind. Nexus fosters Freedom, Innovation, and Self Sufficiency and applies these concepts in the following regions of knowledge: Viz. Psychology, Philosophy, Computer Science, Mathematics, and Economics. Nexus Software, LLC supplements The Nexus by developing these concepts to establish an economy that gives power to the people, the citizens: the working force that is the movement of a system.

SPECIFICATIONS

Algorithm

SHA3 [Skien and Keccak]

Minting Channels

CPU, GPU, and Nexus Proof of Stake (nPOS)

Initial Supply

78 Million over a 10 year distribution period for the CPU and GPU Channels

Maximum Annual Inflation

nPOS: Up to 2% annually

CPU and GPU Minting Channels: 1% annually after initial distribution is complete

Block Time

300 seconds for GPU minting channel and 300 seconds for CPU minting Channel for an average of 150 seconds

60 seconds for nPOS

Block Reward

CPU and CPU Minting Channels: The effective reward is established by the reserve balances. These reserves have a decayed amount deposited every time interval of one minute. If the balance is below a given threshold, the reward value will be based on a time’s value of a decayed amount. This means that the reward will be given based on how long it was taken to create the block. This prevents the reserves from being depleted as large amounts of computing power jump on and off the mining network.

nPOS Minting Channel: The effective reward is an annual interest rate that ranges between 0.5 and 2.0% annually.

Minting Difficulty

The miner’s difficulty is calculated by a proportion generated from the time it took to create the block, and the target time. The target time is calculated by the NIRO Reserves working to deflate the difficulty if the reserves go over a threshold. This is designed to maintain transaction processing in the loss of computing power to given channel, by aiding in the reduction of the difficulty to a more suited level.

WALLET DOWNLOADS

NEXUS VERSION 2.0


RECENT DATABASE BOOTSTRAP

SOURCE CODE

MARKETS

NEXUS TEAM

Colin (Videlicet), Founder / Funding / Software Engineer, colin@nexusoft.io
Josh (Razerglass), Market Analyst / Software Development, josh@nexusoft.io
Keith (nightandday), Graphics / Design, keith@nexusoft.io
Manuel (cestballot), Mining Pool Operator, cestballot@nexusoft.io
Patrick (tokyopotato), Social Media / Marketing Specialist, patrick@nexusoft.io
Preston (pdogg147), Public Relations / Community Manager, preston@nexusoft.io

NEXUS WIKI

Find out more details of the Nexus protocol including Technological Advancements

SOCIAL MEDIA

www.nexusoft.io





SLACK

Email preston@nexusoft.io for an invite

REDDIT

IRC #nexusniro

YOU, ME, AND BTC PODCAST

CURRENT FEATURES

1. Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels.
2. Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak.
3. Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm.
4. Difficulty: Calculated with time overlaps and true % over bounds, using weighted block average over past 5 blocks.
5. SK-1024: Using Skein-1024 and Keccak-1600 for GPU PoW to produce a 1024 bit output hash used for the block hash proving the highest security.
6. Prime: Searching for Dense Prime Clusters as CPU PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers.
7. LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming.
8. Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds.
9. Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude.
10. No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.
11. Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than project amount while difficulty is compensating to their amount of computing power.
12. Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves.
13. Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan. This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast.
14. Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold.
15. Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.
16. Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block [~1 Niro] over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation which was spawned to cover developmental costs.

PLANNED FUTURE FEATURES

1. Reversible Transactions: Transaction can be reversed if below expiration time by sending transaction void to the network.
2. Two-Way Signatures: Receiver of transaction will be required to sign to prove ownership of txout before it will be processed. This will prevent burning coins by accident.
3. Trust Network: Using Trust Keys and more sophistication in Checkpoints will create a Trust Network in which nodes will be given the opportunity to vote on checkpoints and blocks to agree on set blockchain. This will prevent a rogue node from trying to manipulate the network.
4. Sync-less Wallets: Using the Trust Network as a backbone and the LLP for the protocol, will allow wallets to remain sync-less by processing transactions in the Trust Network.
5. HTML5 Wallet: Probably coming sooner rather then later, essentially building up a clean simple HTML5 wallet using qt web server. Will have all the great visuals that HTML5/CSS3 provides. Most likely coming before transaction features so I can have a cleaner GUI to integrate more functionality into.
6. Double Spend Protection: Using input locking and checking on reorganizations, can prevent a transaction from ever being able to be overwritten by a longer blockchain after a checkpoint eliminating any threat of 51% attacks.
7. LLL Integration: Once the Library including Static and Dynamic Databases is finished, next will be integrating LLP, LLD, and LLS with possible LLE for encrypted communications and high efficiencies in protocol responses and data storage.

Updates Planned for the Full 0.2.1 Release include:

1.   Trust Key Penalties to deprecate Trust Key Expiration.
2.   Possible Trust Key Reactivation.
3.   Push Packets in Mining LLP.
4.   Mining LLP Version 1.1 Update from Pool Server
5.   Possible Sequencing of UTXO into larger outputs every X blocks for Developer and Recycler Addresses.

Updates Planned for the Full 0.2.2 Release include:

1.   LLP Messaging Integration for Better Network Communication
2.   More Messaging Commands due to LLP integration allowing Core level Functions to Exist in greater efficiency.
3.   Checkpoint Voting for Pending Checkpoint.
4.   Auto - re-forking besides just Reorganizations. Detect when your node is on a fork and automatically resolve.
5.   Consensus algorithms by voting with trust key.

Updates Planned for the Full 0.3.0 Release include:

1.   LLD database integration.
2.   Light Blocks due to Memory Pool Synchronization Protocol
3.   New protocols for Transaction Processing vs. Block Processing which means breaking Messaging Protocol to more Specialized Systems so Transactions and Blocks and Voting operate on Separate Protocols.
4.   With lighter blocks, it won't be necessary to include full UTXO transaction information in the block, but rather the transaction hash that can verify the Merkle Root while blocks are validated on the block level upon receive, where the Transactions are verified in a separate call and answers on the validity of the block can be seen through the Trust Protocol. This will speed up block propagation through the network.
5.   Integrating Miners into Trust Keys giving miners incentive to continue contribution to the Network. Miners will be penalized for less trust which means rewards will be less until full trust is established.

Hi All,

We have updated the Original Post to look more like a traditional OP.  We hope you like it.  This is a work in Progress, so feel free to let us know if you think something should be added.  It is currently missing GPU and CPU miner code links and pool links, but they will be added soon.  Also, if anyone knows how to fix the margins so the text doesn't go the full width (other than limiting the amount of text on each line), let us know.

Thanks,

Preston

[merc84]

Umm, 5 min blocks? Isn't it 1min blocks for cpu/gpu and nPos interest rate is greater than 2% the max is 3%? I currently have 2.2% interest rate.

Edit: Also unrelated but I believe I have identified at least part of the cause for loss of connections in the wallet. It seems to be related to dynamic ip address (ie as assigned by isp) Upon ip change the previous connections saved in addr.dat no longer work, for example I will have 8 active connections until I need to reboot my router which will cause active connections to drop to 1-3 active. Normally I would have to delete addr.dat to restore active connections however recently I have been using a vpn with shared IP in which case I often get the same IP address and the number of active connections is restored to previous value.

[pdogg147]

Umm, 5 min blocks? Isn't it 1min blocks for cpu/gpu and nPos interest rate is greater than 2% the max is 3%? I currently have 2.2% interest rate.

Edit: Also unrelated but I believe I have identified at least part of the cause for loss of connections in the wallet. It seems to be related to dynamic ip address (ie as assigned by isp) Upon ip change the previous connections saved in addr.dat no longer work, for example I will have 8 active connections until I need to reboot my router which will cause active connections to drop to 1-3 active. Normally I would have to delete addr.dat to restore active connections however recently I have been using a vpn with shared IP in which case I often get the same IP address and the number of active connections is restored to previous value.

The block times are correct.  300 seconds for each the CPU and GPU channels for an average of 150 seconds and 60 seconds for nPOS.  You are correct on the current nPOS max of 3% after 1 year.  Will get that updated now.  Thanks for catching that.

[Conqueror]

Choose the feedback you like:

a,IT is all BIG as fuck, I can barely read the new 1st post!

b,Shall you consider making the 1st post font a bit smaller? I have hard time read something so big.

Thank you!

[macorcina]

Choose the feedback you like:

a,IT is all BIG as fuck, I can barely read the new 1st post!

b,Shall you consider making the 1st post font a bit smaller? I have hard time read something so big.

Thank you!

It's no need for so big font, it's much easier to read, with half size. And OP is much better than previous, good work.