Nxt NXT

$0.0286
Market Cap $ 28.576 MM (#113)
24h Volume $ 264.449 K
Chg. 24h: 4.62%
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Nxt News

There are $crypto projects famous for ensuring the privacy o...

There are $crypto projects famous for ensuring the privacy of their users. And they do only that. Nxt, along with i… https://t.co/tR64bvQDcZ

6 days ago

Distributed consensus: PoW vs PoS

Proof-of-work (PoW) and proof-of-stake (PoS) are the two main types of consensus algorithms used by most blockchain-based cryptocurrency platforms to verify transactions. Digital currency transactions are broadcasted on a blockchain network, which usually consists of a large number of computing machines and an immutable distributed ledger. Competing To Validate Blocks, Verify Transactions The distributed ledger is referred to as a blockchain, and it contains a permanent record of all transactions that have been successfully processed on a cryptocurrency network. In order to verify a transaction, the full-node operators of a cryptoasset platform have to come to a consensus regarding the authenticity of a transaction. Sets of transactions, or multiple transactions, are grouped into blocks and all the nodes participating in a cryptocurrency network compete for a chance to validate each block. Validating blocks is a competitive process because the network nodes that are selected to verify transactions are rewarded with transaction processing fees and/or newly minted digital currency. Full-node operators on most cryptocurrency networks have to expend their personal resources in an effort to potentially be chosen to validate a block. Block Validators: PoW Miners vs PoS Forgers In PoW-based networks, a block validator is called a miner because they use their computing resources (electricity and computer hardware machines) to solve complex mathematical puzzles. The first miner on a PoW-based cryptocurrency platform to solve these difficult math problems and validate a block of transactions is rewarded with newly created digital currency and transaction fees. In comparison, on a PoS-based cryptocurrency network, there is no mining process and block validators are called forgers. In order to have a chance at being selected to validate blocks on a PoS-based crypto platform, a forger must stake their coins/tokens, or digital currency. PoS: Forgers With Lowest Hash Values Given Preference The forgers who stake larger amounts may have a better chance at being selected to validate a block, however other factors are also taken into consideration when choosing block validators on a PoS-based crypto network. For instance, forgers who have the lowest hash values (used to record transactions on a blockchain) have a better chance of being selected to verify transactions. But this may not be one of the criteria used to choose a block validator on all PoS-based crypto platforms. Many PoS networks also select forgers based on the duration of time each user has staked their coins or tokens. Users who’ve staked for the longest time period may be given preference when selecting the most eligible block validator. Which Offers Better Security, Efficiency, & Is More Effective? So which consensus algorithm, PoW or PoS, is better at securing a cryptocurrency network? Also, which algorithm works more efficiently (in terms of resources) and effectively when it comes to ensuring network security and selecting the most eligible block validators? One of the most frequently cited advantages of a PoS-based system over a PoW network is that the former is more energy efficient. That’s because there is no energy-intensive mining activity involved in validating blocks on a PoS network. Proponents of PoS also argue that the economic incentives for forgers are more aligned with their commitment to the network’s native cryptocurrency. For example, in a PoW-based network, a miner may not initially own any of the coins they are mining, and may only be motivated to validate blocks so that they can earn as much digital currency as possible. In comparison, block validators in a PoS-based system have to actually support the cryptocurrency in which they are rewarded. In other words, forgers must have a stake in the network, which means they must actually own the digital currency they are verifying. Ethereum’s Planned Transition From PoW To PoS When comparing PoS and PoW, one of the primary differences between both consensus mechanisms is that in the former there are no block rewards. Most PoS-based crypto platforms create the total amount of digital currency in the beginning, and the maximum coin supply usually does not change. However, there are well over 1,000 cryptocurrencies and it’s possible there may be some versions of PoS that may issue more coins after their genesis block has been produced. As mentioned, there are no block rewards in PoS crypto networks, but the forgers are compensated (TX fees) for helping to verify transactions. As crypto enthusiasts know, Ethereum’s developers are planning to switch from PoW to a PoS-based network consensus protocol (for Ethereum). One of the main problems with PoW is that it consumes a fairly large amount of electricity. Bitcoin’s Energy Consumption Estimates According to Digiconomist’s Energy Consumption Index for Bitcoin, the world’s largest PoW-based network (index also reportedly includes electricity c

11 days ago

@EnardStark @Jelurida They created a clone of NXT, i.e. they...

@EnardStark @Jelurida They created a clone of NXT, i.e. they started a blockchain from a new genesis block. Under t… https://t.co/PMbHAje5Lp

20 days ago

ICYMI: #Rya mainnet has officially launched on Dec 25 and $N...

ICYMI: #Rya mainnet has officially launched on Dec 25 and $NXT holders who had their NXT in their wallets or at… https://t.co/yDgaHPk1St

22 days ago

Jelurida Rolls Out a New Version of the Ardor Blockchain Platform

Jelurida, the developers of the NXT and Ardor blockchain platforms recently launched version 2.2.1 of Ardor blockchain. This upgrade is mandatory and would activate three significant features on the mainnet on January 10, 2019. These are Ignis Lightweight Contracts, Asset Properties, and the Max Property Group child chain. The Ignis Lightweight Contracts will enable enterprises to manage contract lifestyle cycles, while the Asset properties feature will allow users to assign name or value to metadata assets, and the Max Property Group (MPG) child chain will introduce real estate offerings and investments to the Ardor ecosystem. (VK)

23 days ago

PR: Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping

Bitcoin Press Release: Top eCommerce company MonetaryUnit has recorded substantial value rise in its digital $MUE token. The rise has been attributed to the fast adoption of its growing service, which now allows online buyers to use over 40 cryptocurrencies to purchase good with. 8th November 2018, London, UK - 70 Million household items can now be bought worldwide, as acceptance of over forty cryptocurrencies becomes the flagship payment option on MonetaryUnit’s ($MUE) relaunch of the largest UK independent marketplace. Since the summer acquisition of the Flubit.com brand, MonetaryUnit’s $MUE coin has shot up 37% in value, making it one of the leading players in the market today. Importantly for the wider crypto industry, this provides fresh validation for those seeking to make cryptocurrency an everyday payment asset. The company has already seen a surge in demand from communities wishing to have their coins added as payment options. Bertie Stephens, CEO of Flubit.com, spoke today about the important challenges of enabling a coin to be adopted into everyday life. “Being part of the Flubit.com shopping ecosystem can create demand for a coin, increase volume of trading, and consequently help grow a coin’s value and future relevance. Any community can apply, and we consider applications of those coins that we believe meet the same ethos as the MonetaryUnit’s own blockchain and crypto technologies”. The founder of the MonetaryUnit Blockchain project, Byron Barnard emphasised the project’s focus is to create environments that are accessible to all and free from the stigma that the blockchain/crypto space is only for techies. “Online shoppers expect the ease of checkout that card-payments currently gives them; prior to today that just hasn’t been possible at scale with cryptocurrency. On Flubit.com you can now simply choose any item from multiple sellers, select your preferred coin, and pay within a few clicks. Millions of everyday household items can be bought with crypto and zero fuss”. Flubit.com (a marketplace similar to Amazon’s offering), connects thousands of suppliers together, allowing users to purchase different items directly from multiple sellers in one basket. A setback to previous use-cases of cryptocurrency has been a slow adoption-rate from traditional businesses, but as Steph Fiala, Chief Operating Officer of Flubit.com explains, that is no longer a pain-point for sellers. “Sellers won’t know if they’ve received an order paid with a crypto or fiat currency. Where required and prior to an order being sent through to a seller, our technology automatically converts crypto payments into their native-currency. Sellers can now access a $15bn/day industry risk-free, an advantage they cannot get via other marketplaces”. The coins available at the launch of Flubit.com crypto offering are: BitCoin, BitCoin Cash, Dash, DogeCoin, Ethereum, Ethereum Classic, Komodo, LiteCoin, Ripple XRP, XMR Monero, Beancash, BlackCoin, Bitcoin gold, CloakCoin, Crown, Decred, DigiByte, Game credits, Groestlcoin, Lisk, MaidSafeCoin, NavCoin, Neo, Namecoin, Nxt, Peercoin, Pura, Qtum, SmartCash, Stratis, Syscoin, TokenPay, Tron, Ubiq, Vertcoin, Waves, NEM, Verge, ZCoin, Zcash and Horizen Media Contact Contact Name: Ashley Hill Email: Ashley.hill@flubit.com To find out more, visit - https://www.MonetaryUnit.org/ Visit Flubit - http://www.flubit.com To download the wallet - https://github.com/muecoin/MUE/releases Get the wallet for Android - https://play.google.com/store/apps/details?id=com.muepay.wallet Follow MonetaryUnit on Twitter - https://twitter.com/monetaryunit Official Discord Channel - http://discord.gg/5PD3X7G Monetary Unit is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Leading eShop MonetaryUnit, See’s Token Value Soar, Supports 42 Cryptocurrencies for Online Shopping appeared first on BitcoinNews.com.

2 months ago

Directed Acyclic Graph: the Future of Blockchain Development

CoinSpeaker Directed Acyclic Graph: the Future of Blockchain Development Blockchain is the hottest topic in the tech market nowadays, but have you imagined its future? Experts categorized Bitcoin as the Blockchain 1.0 due to the increasing popularity. As the technology progressed, Ethereum offered the decentralized platform to applications that execute exactly as programmed and experts began to call it as Blockchain 2.0. After the two versions of the blockchain, the market is battling to see the future of blockchain development, i.e., Blockchain 3.0, which could be Directed Acyclic Graph (DAG). But do you know what is DAG? How DAG resolves the scalability and other issues that Blockchain 2.0 cannot solve? Let’s have in-depth knowledge about DAG. What is DAG (Directed Acyclic Graph) Directed Acyclic Graph is a data structure which implements the approach of topological ordering. DAG is usually correlated to problems of data processing, finding the best route in navigation, data compression, and scheduling. Due to the Proof-of-Work consensus algorithm, Bitcoin has not been able to create the blocks simultaneously and hence, considered insufficient. All transactions occurring at the same time are stored in the same block and miners have to compete for the validation of blocks. It takes around 10 minutes to create a single block. Creation and validation of too many blocks could take a considerable amount of time and lead to storage issues. Directed Acyclic Graph could be the possible solution as it supports the extension of the storage by X times with X blocks, but the mining time should remain unchanged. NXT was the first blockchain platform that came up with an idea of converting the chain-like storage into a DAG of blocks. Before we explain the concepts used in Directed Acyclic Graph Blockchain, let’s understand how is it different from Blockchain.After we get to know what is Directed Acyclic Graph, it is the time to learn why DAG could be the future of blockchain development and what are the concepts used in these types of platforms. Concepts Used in the DAG-based Platforms No Mining Swift Transactions The Width of the Network Supports Small Payments The Double-Spending Issue Latency No Mining: Bitcoin requires miners to validate the transactions while DAG network has no miners. It enables automated validation to make transactions secure and safer and result in faster processing. So, a user can make the instant transactions. Swift Transactions: since it has no blocks in the network, transactions can directly get in the DAG networks. It is the reason that DAG is quite faster than any other blockchain platform operating on PoS and PoW platforms. The Width of the Network: in a Directed Acyclic Graph Network, every transaction after getting validated requires to be linked to a new and an existing transaction on the network. Linking to a previous transaction every time might widen the network, making it difficult to validate the transactions. Therefore, DAG prefers an existing later transaction to link to a new transaction. The goal of a DAG network is to maintain the width of the network precise to support quick transaction validation. Supports Small Payments: The idea behind introducing DAG technology is to make a network functional and smooth with minimum transaction fees. It can become possible for users to send micro-payments without paying heavy prices, unlike Ethereum and Bitcoin. The Double-Spending Issue: Bitcoin uses the Unspent Transaction Output model, under which users can only have one transaction placement. More than one miner can seek the authority of validating the block by performing the hash function. The validation of a transaction is dependent on the number of transactions supporting it. The transaction rate entering into the network is comparatively lower which can make the transactions safer and quicker. Latency: Time of confirmation and speed of execution are not dependent on the block-size, but on the bandwidth between communicating nodes. Therefore, there is no restriction on how much the system can scale. DAG technology has been used by many developers to upgrade the future of blockchain development. Let’s look below at the projects built on DAG which have the potential to overcome the issues of scaling or security. Technologies Based on DAG IOTA IOTA, the first DAG-based crypto project, aims to eliminate the concept of a miner’s fees. The platforms like Bitcoin and Ethereum require miners to approve the transactions and the fees is essential to incentivize validators for writing the history of records to the blockchain. But IOTA assigns the duty of mining to every member of the network; every user on the network is also a transaction validator. A user has to approve the last two transactions to get a transaction verified by IOTA. Since everyone participates to reach a consensus, the network becomes faster and scalable. Designed initially to serve as a backbone fo

2 months ago

What Is NEM? Introduction To XEM

What Is NEM? NEM is a dual-layer blockchain similar to Ethereum but written in Java, a popular computer programming language. Launched on March 31, 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. (NEM, by the way, stands for New Economy Movement.) Introduction To NEM What makes NEM so powerful is the Smart Asset System. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. Basically NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway. Of course, it’s not all roses and rainbows for NEM - in January 2018 when all eyes were on the crypto market’s meteoric price spike, Japan-based crypto exchange Coincheck was hacked, and 523 million XEM coins were stolen, worth over $500 million at the time, and now worth a tenth of what it was at its peak. Before exploring whether this structure will make blockchain palatable for the general market, let’s research the market performance of XEM, NEM’s proprietary crypto coin, on the cryptocurrency market. XEM Crypto Market Performance The peak price so far of XEM was $1.92 on January 3, 2018. As mentioned above, XEM isn’t “mined” or “staked” like a traditional currency using PoW or PoS consensus algorithms. Instead XEM is “harvested” through PoI, which works more like a company pension plan than an interest-bearing savings account (which PoS cryptocurrencies like Tezos resemble). To begin vesting coins, you must place at least 10,000 XEM coins in an approved XEM wallet, which start out as unvested. As you hodl the required XEM balance over time, your coins begin to vest toward your importance and pay dividends. The longer you hodl more XEM, the higher your importance to the network, but you’re also rewarded for participating on the network by exchanging coins with other users. So instead of simply putting your money in the bank and gaining passive interest, you’re incentivized to support the network in more of a profit-share model. That’s how pension plans used to work, for everyone born in the cost-cutting era where they’re endangered in the wild. This hybrid model lets anyone participate as a node, regardless of hardware power, relieving one of the biggest pain points in blockchain. It also prevents anyone from buying control of the network, since time and participation are factors, much like Google search ranking algorithms. Processing nodes are verified using a custom Eigentrust++ reputation algorithm. As a node turns in positive information, its reputation increases among other nodes. Approximately $50,000,000 worth of XEM is traded on a daily basis. Exchanges that accept XEM include Binance, Upbit, Zaif, Poloniex, Kryptono, and Exrates. BTC is its most popular trading pair, although other XEM trading pairs include ETH, USDT, and even fiat currencies like USD. And don’t forget not to store your XEM in exchanges - instead, keep it in the official NEM Nano wallet for desktop and mobile OS. This is where they’ll start vesting. Building a Better Ethereum While NEM/XEM certainly doesn’t sound more user-friendly than Ethereum by virtue of its acronymic name, but that was certainly the goal when Bitcoin Talk forum user UtopianFuture proposed the initial framework. Instead of forking from NXT, a full blockchain was built from the ground-up. NEM was built to resemble the current internet, with namespace domains and subdomains assigned similar to ICANN’s internet domain name system. This alone makes it much more appealing to both developers and users. In addition, the multisignature functionality (shortened to multisig) to control what’s ultimately broadcast to the blockchain and written to the decentralized digital ledger. The blockchain community built NEM, so it is definitely a blockchain of the people and for the people. Of course, as with most community projects, marketing isn’t NEM’s strong suit. This solid technical foundation doesn’t have the massive enterprise support other blockchain projects do yet. But that doesn’t mean NEM is dead in the water. In fact, it does have a partnership with Tech Bureau that created Mijin, an institutional banking platform. It also built an ICO platform on the NEM network and several community-created projects jumpstarted development of the NEM ecosystem. There are over 20 projects in various stages of development on NEM so far, including a privacy coin called Eroiy, an Australian tourism project called TravelByBit, and even integration with Pundi X. NEM has strong support in Singapore and Australia, but China isn’t a fan. The NEM.io Foundation’

2 months ago

If you are following Nxt, you should be part of our Telegram...

If you are following Nxt, you should be part of our Telegram Channel.🤩🚀💙. Don’t miss our Telegram News Channel… https://t.co/qR6OSbynS2

2 months ago

Nasdaq and Microsoft Working Together on Blockchain Delivery, Payment, and Settlements

The Microsoft Azure blockchain will be deployed on the Nasdaq Financial Framework (NFF) to build a ledger agnostic blockchain capability that supports a multi-ledger strategy. The stock exchange will employ Microsoft’s ledger to manage the delivery, payment, and settlement of transactions. Nasdaq Financial Framework to Build Ledger Agnostic Blockchain With Microsoft Azure Nasdaq was the first operator within the financial industry to open an electronic stock exchange, back in 1971. Highly invested in cutting-edge technology, the company also wants to be a pioneer in blockchain through its commercial technology arm, Market Technology, which powers the infrastructure of over 100 exchanges, clearinghouses, and central securities depositories across 50 countries. Nasdaq’s enterprise offering Nasdaq Financial Framework (NFF) powers a vast portfolio of business applications for customers and is designed to take advantage of the benefits of emerging technologies to enable key strategic advantages for customers. The announced integration with Microsoft Azure Blockchain aims to build a ledger agnostic blockchain capability that supports a multi-ledger strategy, said Nasdaq market technology’s Head of Product Management Magnus Haglind. “Our [capital markets] industry is evolving faster than ever with the advent and advancement of cloud, blockchain, machine intelligence and others. Key players in the industry are looking to these technologies to explore how they can become more effective and efficient, but also gain competitive advantage.” Tom Fay, Senior Vice President of Enterprise Architecture at Nasdaq, sees the potential of multiple blockchains with different payment mechanisms. “With multiple blockchains in use by various industry participants, we believe that the combination of NFF and Microsoft’s blockchain technology can remove some of the project complexities that exist in this realm. Additionally, as more industries move towards capital markets technology and structures, we see the potential for blockchain to provide value in secure, frictionless and instantaneous matching of buyers and sellers.” Nasdaq’s NFF customers - mostly exchanges, clearinghouses, and central securities depositories - will also be able to use other NFF applications that incorporate distributed ledger technologies without the need for ledger-specific skills or knowledge. As Microsoft Azure helps Nasdaq remove major complexities in blockchain, more market participants are likely to join the movement. Microsoft’s Azure blockchain is a backbone of the R3 consortium’s blockchain network. The Ethereum-based platform has partnered with a number of companies, including BitPay, Emercoin, LibraTax, and Manifold. The Blockchain-as-a-Service offering has partnered with BankChain, the Indian blockchain initiative for the banking sector. Azure also added Easy NXT in order to allow developers deploy their own NXT nodes. Image from Shutterstock The post Nasdaq and Microsoft Working Together on Blockchain Delivery, Payment, and Settlements appeared first on NewsBTC.

3 months ago

Have All ICOs Sold Out? A Look At The Altcoin Survivors

The initial coin offering frenzy took over a young and inexperienced crypto market in 2017. People were putting in a large amount of money in projects that had no legal, banking or regulatory approvals. Releasing a mere whitepaper and a website could ensure entrepreneurs easy access to capital. But whether they would release their product - or not - remained a different mystery altogether. Big Bucks for Blockchain Startups Since the ICO boom, Forbes reported, over 800 blockchain projects have raised around $20 billion via the sale of their bitcoin-like own tokens. But how much of this money has survived or have been put to use has little-to-no evidence. MobileGo, for instance, raised a whopping $53 million in tokenized crowdfunding to build a video betting and e-sport platform. The project has reportedly removed the cryptocurrency aspects from its nucleus altogether. And the project founders, Sergey and Maxim Sholom, have not conducted any independent audit yet to show where the $53 million has gone. Losses incurred from the projects like MobileGo somewhat equal many small ICO projects that have abandoned their development plans. According to Deadcoins, a website that indexes non-functional coins, there are over 1,000 ICOs that have already bitten the dust. Though not all the projects were failures. Many among the listed projects, including Enigma and CoinDash, reported hacks, while others like Onecoin or Paycoin were outright scams. But, there are still a few ICOs that have survived the day and are developing their blockchain projects actively. Moreover, the return on investments out of these projects have outperformed expectations, validating that not all is bad in the world of cryptos and ICOs. The NXT project came before the ICO boom. Launched in 2013 by an anonymous developer, the blockchain project held the sale of its NXT tokens in September 2013 to develop a proof-of-stake consensus mechanism. It managed to raise about $16,800 worth of Bitcoin at a per NXT value of $0.0000168. The NXT/USD rate at the time of this writing is $0.064521, according to CoinMarketCap.com. That marks a 383953.58 percent return off each NXT token. NXT also stuck to its path to developing a blockchain-as-a-service (BaaS) platform, eventually building an active community of developers. In light to the recent developments in the public ledger space, NXT has the potential to deliver, which can be confirmed by its sustainability in the market. The project that kick-started the ICO frenzy in the first place, Ethereum started a new wave of decentralized applications and smart contract developments on the top its open-source distributed ledger platform. The project had its ICO round in mid-2o14, in which it raised $16 millions after selling 11.9 million Ether tokens at a price of $0.311 per unit. At press time, the same token costs around $200. That is 64,209 percent more than the initial value. Many other ICO projects that survived the FUD with active development and impeccable accountability include NEO, a digital asset ownership platform originally known as Antshares, Spectrecoin, a privacy-centric digital currency network, and Stratis, an enterprise-grade BaaS platform. Ark, Stroj, Lisk, EOS, and the list continues. The key takeaway is that the projects that vastly focus on offering BaaS, privacy, and decentralization fared better. The ICO industry, as a whole, is surviving with the survival of good projects. Image from Shutterstock The post Have All ICOs Sold Out? A Look At The Altcoin Survivors appeared first on NewsBTC.

3 months ago

Overall Cryptocurrency Market Drops by $6 Billion on Monday

The overall cryptocurrency market took a downturn early on Monday, shedding more than $6 billion from the overall market cap which currently sits around $203 billion. At the time of writing, all of the top 10 cryptos are in the red for the day, including the stablecoin Tether (USDT). Bitcoin is currently down 2.2% and trading at $6,336, while Ethereum is down 3.76% and trading at $197.06. As usual, there is one outlier among the top 100 projects, with NXT currently up 11.8% and trading at $0.06708. (JF)

3 months ago

Red Market Flash: Bitcoin Drops 2% to $6,345 & Crypto Market Suddenly Goes Down

Bitcoin loses 2 percent closing at $6,345 while its daily trading volume rises to $4 billion. In tandem with Bitcoin, a majority of the crypto market is in the red with the top cryptos down by 2 to 6 percent. In less than 2 hours over $6 billion has been lost from the market. Volatility making Entry into Market In about an hour, cryptocurrency market has suddenly gone red as cryptocurrencies losses between 2 to 6 percent of their value. The leading cryptocurrency Bitcoin is down by more than 2 percent. At the time of writing, Bitcoin has been trading at $6,345. Bitcoin 24-hour price, Source: Coinmarketcap After a long time, volatility can be seen in the market again as Bitcoin registers the daily trading volume of about $4 billion. A few hours before it has been around $3.5 billion. As can be seen in the 1-year chart below, Bitcoin has been holding steady for a long time except for a few jumps and dumps. Bitcoin volatility went extremely low that has the experts calling out for a huge swing either in upwards or downwards direction. Bitcoin 1-year price chart, Source, Coinmarketcap Out of the top cryptocurrencies, Litecoin (LTC) and TRON (TRX) lost the highest of close to 6 percent. Meanwhile, Tether (USDT) in the green by 0.11 percent is still below $1 at $0.99. The top 7 cryptocurrencies are all in the red as shown below: Top cryptos in red, Source: Coinmarketcap Down by 12.63 percent, Dropil (DROP) has lost the most value, while Nxt is still in the green by the highest percentage of 10.83 percent. This has the entire crypto market cap taking a hit and falling over $6 billion in less than 2 hours. As the majority of the crypto market goes red, Bitcoin dominance rises to 54.2 percent. Total market cap for 24-hours, Source: Coinmarketcap As Bitcoin enjoys its 10th birthday, Bitcoin (BTC) and in tandem the majority of the crypto market suffers the losses. As for if prices will take a severe hit or if it’s just a short term drop, it is yet to be seen! Do you think prices will drop even more or will it recover back shortly to their previous stable price point? Share your thoughts with us by commenting below! The post Red Market Flash: Bitcoin Drops 2% to $6,345 & Crypto Market Suddenly Goes Down appeared first on Coingape.

3 months ago

Bitcoin, Ethereum, XRP, and Crypto Market Outshines Global Stock Market Aiming for a Historic Reversal

The global stock market is taking a downfall while experts share there is no positive catalyst for the market to go higher in future. Meanwhile, the crypto market is holding the fort as the top cryptos register greens and maintain stability. Crypto Market Stable while Global Stock Market Seeing Red The environment of the Crypto market is having gloomy days for some time now. There is almost no activity in the market despite the global share market taking a hit each passing day. At the time of writing, Bitcoin (BTC) has been trading at $6,748 with 0.00 percent movement in the past 24 hours. The world’s leading cryptocurrency with a market cap of $112 billion is managing a low daily trading volume of $3.5 billion. With a 0.12 percent rise, Ethereum (ETH) is trading at $204 billion while XRP, the third largest cryptocurrency is in the green by 0.18 percent at $0.4482. Other cryptos in the green are Stellar (XLM) by 0.04 percent at $0.2299 while Monero (XMR) is up by 0.53 percent at $103 and Dash by 0.69 percent at $155. Bitcoin Cash (BCH), EOS, and Litecoin are rising by 0.34, 0.05 and 0.09 percent respectively. Out of the top cryptos, Cardano (ADA) is in the red by 0.18% and Tron (TRX) is falling by 0.09 percent while IOTA (MIOTA) is down by 0.56 percent. The highest gains are made of 13.11 percent by Nxt at $0.0672 and Polymath by 10.62 percent at $0.3259. A number of other cryptos are also up by 2 to 7 percent while the highest loss is of 7 percent. This has total cryptocurrency market cap stuck at $209 billion in the past 24 hours. Crypto market is unaffected by the ongoing fall in the global market, unlike the last time when cryptos lost significant value in tandem with the stock market. Meanwhile, the global stock market is falling at a much higher speed than it lifted off. Chinese market seems to be doing the worst due to its slow economic growth and being in a trade war with the US. Bloomberg quoted Michael O’Rourke, the chief market strategist at JonesTrading. “What’s the positive catalyst for the future to take this market higher to the next level? Right now, there isn’t one.” After continuously gaining for approximately nine years, the stock market is taking a U-turn and looks like any factor even a small one can take it to the bottom. While cryptos are maintaining stability and keeping low volatility which has been characterized as a positive phenomenon is expected to have them become an attractive asset for the traditional investors Mati Greenspan, senior analyst at eToro has been recently quoted as saying, “The fact that the current stock market rout has not had any effect whatsoever (positive or negative) on the crypto assets is an extremely positive sign. This is a prime example of how cryptos are uncorrelated and it only serves to increase their use case as a powerful tool for asset management.” The post Bitcoin, Ethereum, XRP, and Crypto Market Outshines Global Stock Market Aiming for a Historic Reversal appeared first on Coingape.

3 months ago

Exclusive Interview With Burst Developer Daniel Jones

Listen to the exclusive interview with Burst Developer Daniel Jones on the 18 October 2018 edition of the BitcoinNews.com Daily Podcast BitcoinNews.com did an exclusive interview with Daniel Jones, one of the Burst developers. Burst began in 2014 as a fork of NXT, which is itself a fork of Bitcoin. NXT uses Proof of Stake, but the original Burst developers modified the code and implemented a unique new protocol called Proof of Capacity. Jones says “Proof of Capacity is a consensus algorithm based on the idea of how large of a plot, or size, or space that you have to contribute to the network”. Mining with Proof of Capacity requires negligible electricity, making it one of the very few cryptos that can be profitably mined on personal computers. Burst has a market cap of USD 16.5 million, placing it at #248 out of 2,105 listed cryptocurrencies on CoinMarketCap as of 19 October 2018. Long-term, Burst has been rising in price relative to Bitcoin, and generally when altcoins rally Burst rallies more than most other altcoins. Jones attributes this to the real people and real development behind the Burst network. Jones compares Burst to the early days of Bitcoin, saying “Burst is like the early days of Bitcoin, having been involved since 2009 I saw this happen once before, and I’m seeing it happening again, and this is exciting to me. For me, Burst represents a better way of being able to mine, and being able to participate in a globally distributed network. The bar is so low anyone can get involved, allowing anyone to participate which makes the network stronger”. Proof of Capacity is based on how much hard drive space each user has, making Burst mining highly decentralized since hard drive space is relatively cheap and easy to acquire versus Bitcoin mining rigs. With Proof of Capacity, a 1-time hashing cycle is done in a process called plotting, which proves the capacity of the hard drive being used for Burst mining. Burst uses Shabal-256, unlike Bitcoin which uses SHA-256 which is not effective for writing to a disk. Shabal-256 writes to the actual nonce, the writeable piece of a disk, on a hard drive. Each plot is unique and depends on system specifications, hard drive space, and the time of writing, which prevents collisions of block answers during Burst mining. During Burst mining, the plot that is filled with billions of hashes is read to find the answer for a block. The only computationally intensive part of Burst mining is plotting when the hashes are written to the disk. During mining, the plot is read for answers every 4 minutes, which is the average block time for Burst. The answer is compared to everyone else’s answer. The time it takes to read the answer is called the deadline, and whoever has the shortest deadline gets the block reward. Jones says “When you have shorter deadlines you win because you win the actual target”. More hard drive space equals more block answers, making it easier to get a block reward. Burst mining itself is not computationally intensive and requires negligible energy. This means Burst mining has practically zero electricity costs, just hard drive purchasing costs, making it one of the only cryptocurrencies that can be mined profitably on personal computers or even phones. Jones says “Burst is similar to Bitcoin in the early days, you can mine on it almost anything. People are mining on Android phones, people are able to run it on anything. I’ve seen people running it on a thermostat... I can tell somebody to start mining Bitcoin, but they need USD 1,100, or they could buy an external hard drive and start plotting and start mining Burst. It is a lot easier”. Further, plot files can be deleted and the hard drive can be used for something else if someone decides to stop mining Burst, unlike Bitcoin mining rigs which can only be used for Bitcoin mining. When a Burst block is found, it is added to the blockchain, much like Bitcoin. The Burst block reward started at 10,000 and decays at 5% per month, and at the time of the interview, the Burst block reward was 769. The maximum supply of Burst is 2.158 billion, and 1.992 billion Burst have already been mined. The limited supply of Burst for mining means Burst inflation is small, which could help increase the price of Burst in the future. Despite decreasing Burst block rewards, its network capacity is 250,000 TB, after being near 350,000 TB earlier in 2018 when Burst’s price was higher during the 2017-2018 crypto rally. At this time 1 TB of capacity generates 1-2 Burst a day, which is USD 0.01-0.02. For 1 PB of capacity, a miner can produce USD 10 per day. According to Jones 8 TB costs USD 125, so it would cost more than USD 15,000 to buy a PB. Due to hardware costs, it would take a long time to break even, but the upside is there are no electricity costs. The price of Burst will need to go up in the future, and current miners will have to HODL, to make its mining profitable. However, people who have spare hard drive space that

3 months ago

Bearish Markets Strangle Home Crypto Miners in China

Even as President Trump feared China’s bitcoin-prowess, the fact is far from the truth it appears as news breaking from local Chinese mining industry reveals that they are shutting down operations in larger numbers. Chinese news media reveal that small mining farms which had mushroomed around Chinese river systems to cool their big-heat generating mining machines, are closely down. These players are under tremendous pressure as they can no longer profit from their small-scale operations. More importantly, the Chinese market is yet to recognize and regulate the cryptocurrency, blockchain product-offerings as financial instruments, affecting these local miners at a critical phase of growth of the bitcoin as a commercial product. Bear Market cripples miners For others such as miner Ma, the reason for closing down his mining farm was the long bear market for cryptos. Ma reveals that he sold as many as four of the mining rigs he owned for as less as $125, which was at just one-fourth the price of brand new mining machines. Fall in prices down local miners The bear market that has emerged in china for cryptocurrencies has impacted the local miners more than the deep-pocketed overseas players. Local technology entrepreneurs, the latest two to three years were seen investing “hundreds of thousands” of Yuan for purchasing cryptomining hardware or what are called as “mining rigs.” The highest volume of investments was in the second half of 2017, when bitcoin prices achieved unseen high of nearly $20,000 per coin. The aim of all these ex-bank tellers, accounts and small time businessmen was to make money by mining in bitcoin. But the crypto dream was not to be for many who arrived late on this mining dream. By middle-to-late of January 2018 bitcoin prices began to slip slowly and steadily before reaching a stable price range of $5,000 to $6,500 by mid-August 2018. However, the damage was already rampant and crypto assets such as Nxt andn Qtum lost as much 99% of their value in no time. According to one such affected miner, whose last name is Li, says, “By mid-June, my mining business’s profit margin had dropped by 90%. One of my friends who also mines altcoins suffered more, nearly losing all his investment.” The only way for such local businesses to recover was to shut down and sell-off the mining rigs in the used hardware section of local magazines. Cheaper, newer Hardware availability Another major issue, even with selling off their hardware for some of the miners such as Shenzhen business owner is that many small manufacturers are also in the fray, cloning big makers’ products and selling them at a fraction of the cost. Often these small-manufacturer made machines were cheaper than the big-branded, second-market machines, making it nearly impossible for ex-miners to liquidate their assets and recover costs marginally. The post Bearish Markets Strangle Home Crypto Miners in China appeared first on ZyCrypto.

3 months ago

“ @Jelurida’s Nxt Platform is Pushing for a Decentralized Fu...

“ @Jelurida’s Nxt Platform is Pushing for a Decentralized Future ”, affirms @Crypto_Potato in this original article... https://t.co/HkZY5QmMVl...

3 months ago

NKB Group Review: Ethereum, VeChain, Waves, NEO Ongoing Development Examined

Full-service investment bank, NKB Group (a company that focuses on crypto assets and blockchain tech) recently released its review of major cryptocurrency projects. Ethereum, EOS, VeChain, Lisk, NXT, and several other digital asset platforms were examined and their ongoing development was reported. Governance issues, security, and the benefits of decentralization were noted....

4 months ago

Ardor and Nxt Featured at Finnovista Pitch Day, Both Coins Advance

Ardor, which is a “blockchain as a service for business,” is participating in today’s market recovery. The project was featured at Finnovista’s fintech pitch-day event. Alber, a decentralized apps builder who also works on Nxt, which is an "open-source blockchain platform," tweeted that the event was occurring at the Google campus. ARDR and NXT are up 7% and 5%, respectively. (GT)

4 months ago

Today’s Gainers: Metaverse and Nxt Buck Downward Trend in the Broader Crypto Market

There are a couple of bright spots in today’s market that are bucking an otherwise downward trend. Metaverse ETP, for instance, has advanced approximately 4% in the last 24-hour period. The coin recently scored a listing on Coinsuper, a Hong Kong-based cryptocurrency exchange, which could be fueling the gains as it bolsters liquidity in the altcoin. Metaverse is a platform for “smart properties and digital identities.” Nxt, meanwhile, is up nearly 5% though it remains below its best levels of the summer. Nxt is an open-source platform for fintech and crowdfunding developed by Jelurida, which is also behind the Ardor blockchain platform. (GT)

5 months ago

Introduction, Resources, and FAQ

***** # Official Resources ***** * [Official Site](https://ardorplatform.org/) * [White Paper](https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf) * [Jelurida (core developers)](https://www.jelurida.com/) * [Intro Video](https://www.jelurida.com/introduction-ardor-platform-video) * [Ardorgate (EUR gateway and pegged child chain)](https://www.ardorgate.eu/) ***** # Community Resources ***** * [Ardor Nxt Group](http://www.ardornxt.group/) * [Nxt/Ardor Wiki](https://nxtwiki.org/wiki/Main_Page) * [Nxt Forum](https://nxtforum.org/) * [Nxter Magazine](https://www.nxter.org/) ([Español](https://www.nxter.org/es/), [简体中文](https://www.nxter.org/zh-hans/)) * [Ardor vs. the Competiton Series](https://www.nxter.org/category/ardor-vs-the-competition/) ([free ebook](https://www.nxter.org/wp-content/uploads/2017/11/Ardor_vs_the_competition.pdf), [Español](https://www.nxter.org/es/category/ardor-frente-a-la-competencia/), [简体中文](https://www.nxter.org/zh-hans/%e9%98%bf%e6%9c%b5-vs-%e7%ab%9e%e4%ba%89%ef%bc%8c%e7%bb%93%e6%9d%9f%e8%af%ad/), [Русский](https://www.ardor.world/ru/news/2017/12/06/ardor-i-eyo-konkurentyethereum-lisk-iota-waves-stratis-nem-i-komodo-podvedenie-itogov/)) * [ardor.tools](https://ardor.tools/), a block explorer * [ArdorPortal](https://ardorportal.org/monitor), another block explorer ***** # Social Media ***** * [Slack](https://nxtplatform.org/slack/) * [Discord](https://discordapp.com/invite/vDkVnY) * [Ardor Platform Twitter](https://twitter.com/ardorplatform) * [Jelurida Twitter](https://twitter.com/jelurida?lang=en) * [Ardor Nxt Group Twitter](https://twitter.com/Ardor_Nxt_Group?lang=en) * [Nxter Twitter](https://twitter.com/Nxter_org?lang=en) * [Facebook](https://www.facebook.com/ardorplatform/) ***** # General FAQ ***** ### What is Ardor? Ardor is a scalable blockchain-as-a-service platform with a wide variety of built-in features. It consists of a single parent blockchain, also called Ardor, and a set of child blockchains. The parent chain provides security for the child chains, and the child chains provide all of the features for users. ### What is Ardor *not*? Ardor is not: * Just a white paper; * An ERC20 token; or, * A prototype. Ardor is already running in production and all of its features are available to users and developers. ### What can Ardor do? Ardor's child chains can support any or all of the following features: * The Coin Exchange, where users can trade ARDR and child chain coins. * The [Asset Exchange](https://nxtwiki.org/wiki/Asset_Exchange), where users can issue and trade assets. * The [Monetary System](https://nxtwiki.org/wiki/Monetary_System), where users can issue tokens with a number of customizable properties. * The [Voting System](https://nxtwiki.org/wiki/Voting_System), where users can create and participate in polls. * The [Data Cloud](https://nxtwiki.org/wiki/Data_Cloud), where users can store the hash of a file permanently on the blockchain, and optionally, store the file itself in archival nodes. * The [Marketplace](https://nxtwiki.org/wiki/Marketplace), a decentralized platform for buying or selling goods and services. * [Coin Shuffling](https://nxtwiki.org/wiki/Coin_Shuffling), a way to obscure an account's transaction history to grant a measure of privacy. * The [Messaging System](https://nxtwiki.org/wiki/Arbitrary_Messages), which allows users to send one another plaintext or encrypted messages. * The [Alias System](https://nxtwiki.org/wiki/Alias_System), a key-value store for arbitrary data. * [Phased Transactions](https://nxtwiki.org/wiki/Phasing), which allow users to specify the conditions under which a transaction is valid. Examples include m-of-n multisig, hash- and time-locks, and votes by asset or currency holders, among many other options. There are also many advanced features built into these systems: * Pay dividends to your asset holders. * Issue a Monetary System token to conduct an ICO, create a currency for your Dapp, designate membership in an organization, or distribute a voucher to your customers, among many other uses. * Combine phasing conditions with AND, OR, and NOT operators to make simple smart contracts. * Mark accounts with a special property, then issue an asset that only those accounts can trade. * Create an account that can only issue transactions approved by a specific set of other accounts. There are far too many possibilities to list here. If you have an idea for a project that you'd like to launch on a blockchain, post about it on this sub! Chances are that there is a way to develop it quickly and securely on Ardor, and people here will be happy to help you figure out how to do it. ### Why are most of those links to the Nxt wiki? I thought we were talking about Ardor. Ardor was created by the lead developers of Nxt using much of the same source code. They originally called it Nxt 2.0, though the two platforms are completely independe...

a year ago

To all crying little noobs who have no idea what they're invested in or WHY they're invested in.

1. Atleast read the whole front page before you ask same dumb question for 134th time. 2. Bittrex never said anything about Jan 5. Do your own research instead of believing in everything you see on reddit. 3. NXT is not dead, it's a solid completed project ready for new investors, developers will continue to work on this platform for years. Do your own reaserch. 4. Ardor is not replacing NXT and it's not like NXT 2.0. "They are two different solutions for different clients." Do your own research. 5. "Now with Jelurida's money on its back NXT will focus more on marketing side." Do your own research. 6. NXT price got pumped before the airdrop event, now it's dumped. Did you ever hear about "Buy the rumor sell the news"? Then what did you expect? 7. IGNIS futures price have nothing to do with real IGNIS price. Don't tell me you expected the brand-new coin to jump inside top 15 marketcap just like that. 8. NXT found the bottom at around 3200sat and it's not "mooooooning 2.0" anytime soon. It will need to consolidate for days or weeks and make a steady slow growth before it starts pump to 7,8 or 9k again. Let's hope I'm wrong and it will happen sooner, who knows. 9. It's not a shitcoin. You lost money because you bought high. That's it. 10. When BTC spikes most of the alts bleed, **all time, everytime.** **11. DO YOUR OWN RESEARCH.**...

a year ago

Difference Between NXT and ARDR: What You Need To Know

So I know alot of people are wanting to know the answer to this question, and so was I when I first got into Jelurida tech (thats the company behind both blockchains in case you were wondering) Here is so far the SIMPLEST way to explain the two for people to understand: NXT is complete. They have worked on it for years and is build from the ground up as a certain type of code. It can be used and cloned very easily and when companies want to use NXT, there is literally no cost to using it for a self contained system (like the Austrian ID stuff that just started using NXT). You just basically get a copy of the blockchain and its not connected to any other chains. Ardor on the other hand is like NXT , but on a completely separate code that is designed for CHILD chains rather than duplicate chains or side chains. (Side chains is what ETH is all about and all the ERC20 tokens that you see come out) Child chains are diffrent where they are not just wild west side chains, but they are directly tied to Ardor in security and other ways. They can be customized like NXT to have some or all the features of it , but it more expensive to start one. So in reality both have uses still. If you want something for a project to build on that is really inexpensive and robust, and not so much for transactional purposes, you would use NXT. If you want something that is more customizable, transaction friendly, but costly, you would start a child chain on ARDR. Hope this helps those wondering why they didn't just kill off NXT when they made ARDR. ...

a year ago

To all angry people on Bittrex

Hey guys, Although the IGNIS airdrop happened in the NXT wallet this doesn't mean it should instantly be available on trex. Bittrex said they had to go through testing first and would implement it on the exchange whenever everything worked how they wanted it to. This means they could list it today, tomorrow, or maybe next week. Bittrex is a legitimate exchange. They aren't scamming anyone. Just be patient. If everything works well with the IGNIS chain, it will only be a matter of time before it will be on trex. Hope that helps! ...

a year ago

BitShares -- Collection Of FAQs, Developers' Guides, Tutorials, Network/Wallet Configuration, ... and Much More

Thanks to [Tsugimoto](https://steemit.com/@tsugimoto), we have a great collection of Developers Guide, FAQs, Tutorials & much more, for anyone wanting to get into BitShares. Link: [https://steemit.com/bitshares/@tsugimoto/bitshares-a-colloction-of-developers-tutorial-faqs-and-more](https://steemit.com/bitshares/@tsugimoto/bitshares-a-colloction-of-developers-tutorial-faqs-and-more) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ **Reading materials** * [White Paper](http://docs.bitshares.eu/bitshares/papers/index.html) * [Delegated Proof of Stake (DPOS)](http://docs.bitshares.eu/bitshares/dpos.html) * [Decentralized Exchange(DEX)](http://docs.bitshares.org/user/dex.html) * [Trading](http://docs.bitshares.org/user/dex-trading.html) * [Short Selling BitAssets](http://docs.bitshares.org/user/dex-short.html) * [Margincall mecanics](http://docs.bitshares.org/user/dex-margin-mechanics.html) * [Distributed Access to the BitShares Decentralised Exchange (DEX)](http://docs.bitshares.org/bitshares/tutorials/distributed-access-hosting.html) *BitShares node setup, Create a New User, Install Nginx, Install letsencrypt, Add SSL to Nginx settings* * [How to Trade in the DEX](http://docs.bitshares.org/tutorials/dex-trading.html) **General** **Address structure, Format, block, time, etc** * [What is the standard Bitshares address structure and format?](http://docs.bitshares.org/development/faq/index.html#what-is-the-standard-bitshares-address-structure-and-format) * [What is the format of the block header?](http://docs.bitshares.org/development/faq/index.html#what-is-the-format-of-the-block-header) * [What is the maximum bitshares block size?](http://docs.bitshares.org/development/faq/index.html#what-is-the-maximum-bitshares-block-size) * [Are there any sharding mechanics currently deployed?](http://docs.bitshares.org/development/faq/index.html#are-there-any-sharding-mechanics-currently-deployed) * [How are SPV clients handled?](http://docs.bitshares.org/development/faq/index.html?#how-are-spv-clients-handled) * [How is time addressed in the blockchain? Is NTP used or some other protocol?](http://docs.bitshares.org/development/faq/index.html#how-is-time-addressed-in-the-blockchain-is-ntp-used-or-some-other-protocol) * [How do new clients bootstrap into the network?](http://docs.bitshares.org/development/faq/index.html#how-do-new-clients-bootstrap-into-the-network) * [What is the average block time?](http://docs.bitshares.org/development/faq/index.html#what-is-the-average-block-time) * [How is accounting addressed in Bitshares? Is it a Nxt style accounting model or like Bitcoin’s UTXO](http://docs.bitshares.org/development/faq/index.html#how-is-accounting-addressed-in-bitshares-is-it-a-nxt-style-accounting-model-or-like-bitcoin-s-utxo) **Protocol** * [Are there any special affordances made for privacy?](http://docs.bitshares.org/development/faq/index.html#are-there-any-special-affordances-made-for-privacy) * [Does the protocol provide mechanisms for overlay protocols to interact such as OR_RETURN?](http://docs.bitshares.org/development/faq/index.html#does-the-protocol-provide-mechanisms-for-overlay-protocols-to-interact-such-as-or-return) * [Is this done via a gossip protocol or through a federate relay?](http://docs.bitshares.org/development/faq/index.html#is-this-done-via-a-gossip-protocol-or-through-a-federate-relay) **Data structures** * [What data structures are used in the blockchain?](http://docs.bitshares.org/development/faq/index.html#what-data-structures-are-used-in-the-blockchain) **Public key system** * [What public key system is used? If elliptic curve, then what is the curve?](http://docs.bitshares.org/development/faq/index.html#what-public-key-system-is-used-if-elliptic-curve-then-what-is-the-curve) **Scriping language?** * [Is there a specification for Bitshares scripting language? (assuming there is one) ](http://docs.bitshares.org/development/faq/index.html#is-there-a-specification-for-bitshares-scripting-language-assuming-there-is-one) * [Is the scripting language turing complete?](http://docs.bitshares.org/development/faq/index.html#is-the-scripting-language-turing-complete) **Account** * [Account Registration (developer)](http://docs.bitshares.org/bitshares/tutorials/account-create.html) **Vesting Balance** * [List Vesting Balances](http://docs.bitshares.org/bitshares/tutorials/vesting-list.html) * [Claiming A Vesting Balance](http://docs.bitshares.org/bitshares/tutorials/vesting-claim.html) **Voting** * [Voting](http://docs.bitshares.org/bitshares/tutorials/voting.html) **Assets** * [Creating a new UIA](http://docs.bitshares.org/bitshares/tutorials/uia-create-gui.html) * [Creating a UIA manually](http://docs.bitshares.org/bitshares/tutorials/uia-create-manual.html) * [Creating a MPA manually](http://docs.bitshares.org/bitshares/tutorials/mpa-create-manual.html) * [Update/Change an existing UIA](http://docs.bitshares.org/bitshares/tutorials/uia-upda...

a year ago

The lack of due diligence by some posters in this subreddit is astounding.

I want to preface this post by saying that everything in this post is my opinion alone. To the people who bought the top after NXT shot up 3000% from the previous month, are you really surprised? Seriously? NXT is not a shitcoin. It has a pretty rich and storied history and is the basis and inspiration for many other projects. It is one of a few coins with its own codebase and is not a fork of another coin. If you've bothered to use the wallet you'll notice that while it appears complex, it is one of the most feature rich wallets in all of cryptocurrency. With that said, it has been known for years that while NXT would not be abandoned, a lot of development focus would shift over to Ardor. Long-term NXT holders were given Ardor at a 1:1 ratio back in 2016 depending on how long you held during the snapshot. It doesn't matter if it's ETH, or NXT or Bitcoin. If something shoots up 3000% in a month, do not be surprised at a huge correction, especially when the basis for that rise is completed. NXT was under 6 cents last month and rose to over $2.10. It is still holding over 1000% of it's fiat value from November. Honestly, that is amazing and I hope NXT can continue to prosper. There are projects valued higher than NXT that have done far less for the community. I would not be surprised to see NXT rise back to those fiat levels at some point. Please understand what you are investing in and do your due diligence before purchasing ANY cryptocurrency....

a year ago

Don't sell NXT just yet. Block 1636363 is still hours away!!

I am seeing NXT tanking on Bittrex even before the block 1636363 is even mined. What'a all the fuss about selling it just yet? Are people on bittrex so naive that they believe Bittrex wallet maintenance cut-off time is the snapshot time? :D. What are you guys planning. I am holding my NXT for now....

a year ago

Nxt vs Ardor Functionality Comparison (x-post /r/Ardor)

This table was copied from [a post on Nxtforum.org](https://nxtforum.org/core-development-announcements/ardor-vs-nxt-functional-comparison/) by Jean-Luc, core developer of Nxt and Ardor. In cases of discrepancies, the version on the forum should be the one referenced. Quoted text start --------- Functionality|Nxt|Ardor :--|:--|:-- Blockchains|Single chain|One parent chain with multiple child chains Transaction tokens|The same token (NXT) is used for establishing the consensus and providing the security of the blockchain, as well as for the basic unit of value in all transactions|Only the parent chain token (ARDR) is used in the proof-of-stake consensus, and thus provides security for all child chains. Child chain tokens are used as transactional units of value only. Transaction fees|Transaction fees are paid in NXT only, requiring users to always have NXT in their accounts.|On each chain transaction fees are paid in the native token (coin) of that chain. End users do not need to own ARDR tokens. Features|Asset Exchange, Monetary System, Aliases, Messaging, Digital Goods Store, Voting System, Shuffling, Data Cloud, Phasing, Account Control, Account Properties|All these features are preserved in Ardor, and are available on each child chain. A child chain can optionally be restricted not to enable some features. The parent chain supports a limited subset of features, as it is intended to be used for consensus establishing only and not for everyday transactions. Accounts|Each passphrase maps to a single account. Passphrases can't be changed, and there is no wallet file to store.|The same mapping of passphrases to account numbers is used as in Nxt. Accounts are global across all child chains, and an account can have balances in each of the existing child chain coins, as well as in ARDR. Holdings|There is a single coin (NXT), and unlimited user-issued Assets and Monetary System currencies.|Each chain has its own coin. Assets and MS currencies can be issued on any child chain, and are available for trading globally. Assets or MS currencies can optionally be restricted* to some child chains only. Trading|Assets and MS currencies can be traded for NXT only.|Assets and MS currencies can be traded on any child chain, with price denominated in the corresponding child chain coin. Coin Exchange|N/A|A new feature, Coin Exchange, allows trading of child chain coins to each other, and also to the parent chain coin (ARDR). Dividends|Asset dividends can be paid in NXT only.|Asset dividends can be paid in any of the child chain coins, by simply issuing the payment transaction on the corresponding chain. Additionally, paying dividends in another Asset or in MS currency has been implemented. Crowdfunding|Crowdfunding feature is available in the Monetary System, but the funds must be collected in NXT only.|Crowdfunding feature is available on all child chains, and on each child chain the funds are collected in the corresponding child chain coin. Shuffling|Shuffling of NXT, Assets, and MS currencies is available.|On each child chain, shuffling of the corresponding coin, or any Asset or MS Currency, is supported. Aliases|Alias names are globally unique.|Alias names are unique within each child chain only. MS Currencies|Currency codes and names are globally unique.|Currency codes and names are unique within a child chain only. Pruning|Pruning is available for plain and encrypted messages, and for tagged data (data cloud feature). Pruned data are retrieved automatically on demand from designated archival nodes.|Pruning and retrieving of all prunable data is available as in Nxt. In addition, the child chain transactions themselves are designed to be prunable and will not need to be stored permanently or re-downloaded by every new node. The actual pruning of transactions will be implemented later.* Transaction identifiers|Transaction IDs are 64-bit longs, and are globally unique.|The 64-bit transaction IDs are no longer guaranteed to be globally unique for child chains. 256-bit transaction hashes (sha256 digests) are used instead as transaction identifiers. Block generation|A "forging" process is used to create new blocks, with the probability of block creation dependent on the account NXT balance (stake).|The same forging algorithm is used as in Nxt, dependent on ARDR account balances only. Bundling|N/A|A new process, "bundling", is used to group child chain transactions into a parent chain transaction ("child chain block"), which is then included in the parent chain. Any account can play the role of a bundler. The bundling process also performs the exchange of fees paid by users in child chain tokens into ARDR fees accepted by the block forgers. Phasing|Transaction execution can be made conditional, subject to approval using various voting models|Same voting models as in Nxt, but phasing is possible on child chains only. Approval transactions can be on a different child chain from the phased transaction, and the by-transactio...

2 years ago

/r/BitShares · · FAQ · · Newcomers please read!

# What is BitShares, and how it is different from BitShares-PTS BitShares was originally an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. Using the DAC metaphor, if BitShares is the "company" then bitUSD is the "product". BitUSD is created when two people taking opposite positions on the long-term relative directions of the USD/BTS feed (see more below) Some other metaphors relate BitShares to Consensus, Community, Cooperation, ... ([read more](https://bitsharestalk.org/index.php?topic=11183.msg147260#msg147260)) * http://bitshares.org/faq/ * http://wiki.bitshares.org/index.php/BitShares BitShares PTS is an investment vehicle for future DACs and has it's own blockchain and software: * http://wiki.bitshares.org/index.php/BitShares_PTS For historical reasons you will often also find the term "BitShares X" which is the old name for BitShares which had economical and technological disadvantages that have been resolved with BitShares. The transition from BTSX to BTS went smooth and most users did not even notice, except the name change, of course. # Where do I get the Software? You can find the official releases at * http://bitshares.org/ or * https://github.com/BitShares/bitshares/releases/latest Linux users currently have to build from Source (which is very easy). Find the build instructions over here: * http://wiki.bitshares.org/index.php/Developer/Build # How To Register a BitShares Account * [How To Register a BitShares Account](http://bytemaster.bitshares.org/tutorial/2015/01/03/How-to-Register-a-BitShares-Account/) # The passphrase is a brainwallet? **No**, the passphrase alone does not enable you to access your funds. In contrast to NXT, the passphrase is not a brainwallet but solely used to encrypt a randomly chosen private key. You need to make a backup of your wallet. To do so, we recommend to use the in-app functionality. Make sure you remember your passphrase and make a backup of your wallet (available from within the wallet). # What's all about the account name being "registered"? In BitShares you can (and should) register your name on the blockchain. Thus, everyone can send funds to you buy just sending to your account name. No need to copy/paste ugly addresses which are hashes of hashes of public keys. The BitShares Software let's you simple chose an account name instead. Make sure not to use a "." in the account name because it indicates a subaccount. Read more: * https://github.com/BitShares/bitshares_toolkit/wiki/Subaccounts # What are the first steps with the Software? First steps for you are listed in our Wiki: * http://wiki.bitshares.org/index.php/BitShares/Howto * http://wiki.bitshares.org/index.php/BitShares/Troubleshooting # What should I do to secure my funds You can do a backup from within the GUI and obviously should do so. Whenever you create a new acount, you should also do a bckup. The backup file is in JSON format which makes it inter-system operable. You can use that JSON file to reimport you account (in-GUI option) on a Windows PC, a MAC, or in Linux. **Make sure you remember your passphrase, because the private keys in the backup file are ENCRYPTED** # Where can I get BitShares Currently, Bter, BTC38, and Poloniex are the main exchanges where you can purchase it. The assets (BitUSD, BitGLD, etc.) are being introduced within days or weeks (currently, being bug-tested). The Poloniex exchange offers their users the feature to easily register a new account from within the exchange, while the others require a registered account to withdraw funds. # What are bitAssets and UIA The blockchain can handle two different kinds of assets: * the '''bitAssets''' (market issued assets), which are traded against a physical assets such as the USD or Gold (read more below). * or the '''user-issued assets''' which can be created and issued by the creator (paying a certain fee). # I'm intrigued by the idea of BitUSD and BitGLD and want to know a bit more. The '''market peg''' is one of the core features of the BitShares system. It is a highly discussed and experimental goals that we want to achieve on the blockchain and a FAQ is probably not the right place to understand all of the market dynamics. Let me instead point you towards some very interesting reads about it: * ELI5 for BitShares ( https://bitsharestalk.org/index.php?topic=7628.0 ) * ELI5 explanation for the Market Mechanics ( https://bitsharestalk.org/index.php?topic=7278.msg99599#msg99599 ) * ELI5 Reddit - Why will bitUSD work when they aren't backed by USD ( https://bitsharestalk.org/index.php?topic=7417.0 ) * Market Peg Analysis and Analogies ( http://wiki.bitshares.org/index.php/Market_Peg ) * Market Pegging ( http://www....

4 years ago

The NXT tipping bot has arrived! Go ahead and test me.

Quick how to: * Send me a message with [+register](http://www.reddit.com/message/compose/?to=nxtip&subject=register&message=%2Bregister) on the message body to get an account. I'll send you an address in which you can deposit some NXT. * Deposit some nxt to your address. Deposits will take approx. 5 minutes to be credited. **Do NOT deposit serious amounts of nxt, I'm young and I might have problems and bugs.** * To tip a user, make a comment somewhere on the nxt subreddit with the following command: "+/u/nxtip @username amount nxt" for example "+/u/nxtip @nxtip 10 nxt" to tip me. **You can also skip the @username part if you want to tip the user you're replying to (or the post author in case of a new comment)** * You can tip a redditor that isn't registered in the bot yet, and he will receive a message with instructions on how to get his tip. * Withdraw your nxt's to a private account by sending me a message with the command "+withdraw address amount nxt" for example "+withdraw 6337414204928502648 100 nxt" **Update 03 Mar 2014** ------------------------------ The bot does not scan all subreddits anymore. Reddit has a limit on the number of comments you can process, and since the volume of comments is *huge*, the API does not guarantee that you'll get all messages. In fact, it's almost sure you won't, if you scan the whole reddit. Plus, many subreddits have banned tipping. **Long story short: the bot is enabled selectively on some subreddits from now on, and if you want to tip on another subreddit, just tell me to add it.**...

5 years ago


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