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

[Namsbreh]

your irc channel is invite only ?? how to get one.

IRC open to all at #nexusniro

[borris123]

looking gd. just picked up a few more anything under 900 I classing as cheap so everyone enjoy and stock up now before the moon rocket

[djm34]

Hi,
can anyone try the amd skminer for linux ?
It can be found here: github/djm34/skminer-amd

It requires boost, openssl, jansson, amd_sdk (obviously...)
To compile it you need to go into source and do:

autoreconf -i;
./configure
make

It is based on an early version of bitslapper without the webserver (had problem to get it to work on windows and even to compile it on linux).

Don't mind the performance, it should be a bit lower that its latest release (or even mine  )
I just need to know if it works with linux

Thanks,
djm

[Videlicet]

Building new Testnet now with new rules for nPoS, Variable Weight, and Trust Keys. Old Testnet is no longer being supported on my servers, I will post an update to release last phase testnet binaries as soon as I finish this last bit of code for nPoS. For now I'm building up coins on this new Testnet to finish my last few nPoS tests. Keep Posted.

Thank You,
Viz.

[borris123]

Building new Testnet now with new rules for nPoS, Variable Weight, and Trust Keys. Old Testnet is no longer being supported on my servers, I will post an update to release last phase testnet binaries as soon as I finish this last bit of code for nPoS. For now I'm building up coins on this new Testnet to finish my last few nPoS tests. Keep Posted.

Thank You,
Viz.

release of new test net later today?

[Videlicet]

By the end of the week for sure, mining up testnet coins on my new testnet right now to run my final nPoS tests and tuning. Once I finish my tests I'll release the public testnet to get everyone staking and make sure everything works as it should outside the scope of just a few of my servers.

Thank You,
Viz.

[Jack3dHealy]

Okey so i got a bag of shitcoins?  can i trade them into something else with this "coinshield" ? And if so How and Where can i do that?    or did i miss the point of this coin?


 

[Videlicet]

Recycling evolved into merging, which means when I get to the point of building the merging system, Nexus will merge the economy of said clone coin into Niro producing minimal inflation %, and giving users who are bag holders a new chance at securing their assets.

I'll have to post information regarding merging soon once OP redesign is complete. The point of this coin is producing technological innovation to bridge deficiencies in the industry, in efforts to bring more wealth into the economy. This is why it stands currently with 15 innovations that are new to the industry, with many more to come.

Thank You,
Viz.

[merc84]

Well you will enjoy the work I've been doing as far as Trust Keys, Variable Stake Weight, so forth. Almost ready for final testnet release, I'll keep everyone posted to my progress today at finishing it. Could be a couple more days though as I'm just about at the compiling stage which means debugging is next.

This should finalize nPoS
So far trust keys are done, working out the Variable Weight, and then to testing it personally and then to testnet release to let it run for about a week to ensure the variable interest is working as it should so forth.

One of the prime points of this aspect of nPoS is that Variable Interest builds not from holding coins, but from staking coins. This will give incentive to users to secure the network, as their interest rates will increase to 3% over a year's worth of staking as long as their trust key doesn't expire. A trust key expires after no stake blocks seen for ~2 weeks.

Another aspect is securing the network from those wanting to hold their coins to build weight to produce more blocks at current difficulty later on down the road as the highest weight will always be awarded to daily stakers who are staking with their trust key. Weight will take 30 days to build the Genesis Coinstake which will establish the Trust Key, and being the growth of interest rate from 0.5% to 3% after 1 year.

This also allows Trust Keys to be given staking limits such as, 1 stake block every 100 blocks, or whatever limit I set. This prevents yet one more possible attack vector, and ensures the security in nPoS reflects the security already implemented accordingly, and that even larger coin holders have less advantage to getting stake blocks as smaller holders, for their stake blocks with their trust key will only be allowed to a set quantity daily, which opens the doors for smaller stakers to get their blocks in.

Thank You,
Viz.

What is to prevent larger coin holders simply splitting their coins across multiple wallets to avoid set quantity?

[UPBebop]

Well you will enjoy the work I've been doing as far as Trust Keys, Variable Stake Weight, so forth. Almost ready for final testnet release, I'll keep everyone posted to my progress today at finishing it. Could be a couple more days though as I'm just about at the compiling stage which means debugging is next.

This should finalize nPoS
So far trust keys are done, working out the Variable Weight, and then to testing it personally and then to testnet release to let it run for about a week to ensure the variable interest is working as it should so forth.

One of the prime points of this aspect of nPoS is that Variable Interest builds not from holding coins, but from staking coins. This will give incentive to users to secure the network, as their interest rates will increase to 3% over a year's worth of staking as long as their trust key doesn't expire. A trust key expires after no stake blocks seen for ~2 weeks.

Another aspect is securing the network from those wanting to hold their coins to build weight to produce more blocks at current difficulty later on down the road as the highest weight will always be awarded to daily stakers who are staking with their trust key. Weight will take 30 days to build the Genesis Coinstake which will establish the Trust Key, and being the growth of interest rate from 0.5% to 3% after 1 year.

This also allows Trust Keys to be given staking limits such as, 1 stake block every 100 blocks, or whatever limit I set. This prevents yet one more possible attack vector, and ensures the security in nPoS reflects the security already implemented accordingly, and that even larger coin holders have less advantage to getting stake blocks as smaller holders, for their stake blocks with their trust key will only be allowed to a set quantity daily, which opens the doors for smaller stakers to get their blocks in.

Thank You,
Viz.

What is to prevent larger coin holders simply splitting their coins across multiple wallets to avoid set quantity?

I don't know what solution Vide preferred to prevent such actions..but I suggest to take some fee to activate the wallet(as it released in new PTS). 50 NIRO maybe

P.S.: Maybe this value should depend on current coin supply

[Videlicet]

Variable Weight, which means those that have already activated their trust key will have the highest weight equal to all others with active trust keys, trust keys becoming established will have to build their weight up to 30 days to have enough weight to get a stake block. This will make it much more difficulty for an attacker to create more trust keys.

Second will be variable interest, which means new trust keys will only get 0.5%, so the cost to make more keys is cost in interest rate so there will be no incentive with multiple trust keys as far as profitability.

Third will be coin locking or, once coins are used with a given trust key, they won't be able to be used with another trust key until that trust key expires after 30 days which essentially locks all staked coins to trust key for the lifetime of the trust key.

Fourth will be preventing block streaks, or trust keys will be locked to be able to produce a stake block every X network blocks, so in order to gain a small edge in block production with multiple keys would require keys amounted to X, which if set at 100 would require 100 trust keys to be eligible for 100 blocks back to back, but would also require user to have 100 wallets with 10k Niro per wallet, so the cost again would be very high for little benefit.

Then comes in all the other security measures already in place such as multiple mining channels breaking any block streaks, nPoS difficulty, checkpoints, so forth. A user even with multiple trust keys and full weight for all of them would still be forced to compete with the rest of the network's staking with lower interest rates which means less profits.

Thank You,
Viz.

[merc84]

Not much to do but  Keep up the good work its well worth the wait

[Videlicet]

Once I think I'm done more ideas come and more needs to be done, but safe to say once I finish Trust Keys, nPoS is done, just new features that aren't Thank You for the support my friend.

Kindly,
Viz.

Note: To UPBebop, good idea yes, but activation fees to me cost other users who may have less coins, so I like to stay away from fees for the everday user. The same will be equivalent to Nexus Master Nodes [which will not be named this, actually will be "Relay Nodes" part of the "Trust Network", which will be the Core layer allowing Lite Nodes and Syncless Wallets], which will be similar to Trust Keys where their value is based on the time they have been servicing the network, rather than Niro deposited. This prevents future attackers or investors from getting an edge on those that have stuck with Nexus from the start, and is most probable those that have been dedicated to Nexus from the gate, will be the least inclined to attack.

[go6ooo1212]

Personally I'm amazed of such brilliant work, Viz. I'm certain every day that Niro will be huge, thanks...

[animalroam]

Hey Videlicet, I PMed you about the stake modifier thing. I know Nexus Niro no longer states it in kernel.cpp, but how was it generated originally?

[Videlicet]

It was an SK64 Hash Generated from Serialized Data Viz.: Previous Block Checksum, Entropy Bit, hashProofOfStake, and StakeModifier.

Or as the code would speak:

Code:

CDataStream ss(SER_GETHASH, 0);
if (pindex->pprev)
   ss << pindex->pprev->nStakeModifierChecksum;
			
ss << pindex->nFlags << pindex->hashProofOfStake << pindex->nStakeModifier;
uint64 hashChecksum = SK64(ss.begin(), ss.end());

Keep in mind the checksum was just a hash to secure points of data stored in CBlockIndex, it really didn't contribute to security other than a second fingerprint to block checkpoints. The Stake Modifier on the other hand was different in that it selected 64 previous blocks by special rules, and sequentially concatenated each entropy bit from each selected block into an uint64. The stake modifier was required as a hash input to calculate the Proof of Stake hash.

Thank You,
Viz.

[rt99]

This is a brilliant coin by someone who knows the crypto industry.  One small suggestion.  As pos is developed and released, all will agree the tech is superior and will allow long term growth.  However, 1 thing has bothered me about this great coin.  Its name.  Niro is not marketable in the real world. To illustrate: suppose you see a piece of art on the wall in an art gallery 50 years ago.  Someone tells u its a Picasso painting.  u say: this painting sucks.  Fast forward to present day, same scenario.  Someone says you are looking at a Picasso.  U say, Man thats ugly, but i want it! Why?  The name adds so much value.  We live in a world where branding and names are absolutely as important as what you are buying into.  As you move into marketing efforts, the tech will stand out, but people will always feel in the back of their minds this:  Niro is a stupid name that will be hard to adopt in the real world.  This is my humble opinion, but feel it will become important as this coin grows over the next year.  Cheers
RT

[AliMan]

This is a brilliant coin by someone who knows the crypto industry.  One small suggestion.  As pos is developed and released, all will agree the tech is superior and will allow long term growth.  However, 1 thing has bothered me about this great coin.  Its name.  Niro is not marketable in the real world. To illustrate: suppose you see a piece of art on the wall in an art gallery 50 years ago.  Someone tells u its a Picasso painting.  u say: this painting sucks.  Fast forward to present day, same scenario.  Someone says you are looking at a Picasso.  U say, Man thats ugly, but i want it! Why?  The name adds so much value.  We live in a world where branding and names are absolutely as important as what you are buying into.  As you move into marketing efforts, the tech will stand out, but people will always feel in the back of their minds this:  Niro is a stupid name that will be hard to adopt in the real world.  This is my humble opinion, but feel it will become important as this coin grows over the next year.  Cheers
RT

I believe that there was quite a bit of discussion when it was being renamed couple of months back, looks like you missed the train on that on.

[Videlicet]

Well there is a possible opening with the name as I've ran into some name conflicts establishing the Corp as Nexus Technologies, Inc. or Nexus Tech, Inc. so forth. This prompts me with two options, find a better name [since we are still underway in the rebrand], or find a different corp name such as Niro Technologies, Inc.

The way I see it is the network is called Nexus, the denomination Niro as in "The United States has a short history with the Dollar" to "Nexus has a short history with the Niro".

Any suggestions I'm open to, but I don't think I or Krypto Kash would change it unless we found a much more suited name [since we have already been spending $$$ on the current re-brand, and I'm very picky with logos]. So with that being said, post your suggestions here if you feel there is a more adequate name.

The current logic behind the name Nexus Niro is:
A Nexus is a connection between two things such as people, computers, so forth. Nexus is quite fitting to describe community, the Network, Exchanges.

Niro sounds like a currency name already, has that "click" in the subconscious that sounds like it would be a currency rather than the word "coin" which we have been moving away from for a more professional real world feel, and also that a coin is generally a fraction of a denomination.

Thank You,
Viz.

[rt99]

Think rebranding in simple terms.  U have a good answer that makes sense, but of course nexus will be out to inc. or LLC.  Examples of simplicity:  Cisco simply shortened San Francisco, Asus liked Pegasus from Greek mythology and simply dropped the Peg,  hotmail liked the mail part first but decided on hotmail because it has HTML in the name which its language is written in.  Etc, etc.  The point is: It has to mean something to the owner that's catchy and that sticks and resonates with the public in a hip or cool way.  Niro, although not bad, is not this.  It reminds us of a old Roman emperor, although the spelling is different.  Think simple, current to our times, hip, cool, trendy.  But most important: something that means something to you personally that suits your business plan