Topic: [ANN] LytixChain Reloaded - Marketplace Blockchain [PoS + Masternodes + Maxnodes (Read 1350 times)

it's been a while.
just checking: is this project still alive or fully gone?
I know you've been more active on discord but it'd be good to have occasional updates here.

yes, it'd definitely be good to have more frequent updates here, they're more often on discord
as far as I know.

it'd be good to know the next plans for Lytx and know better if development is going on. any news?

glad to see you here again Senaia
i hope you will continue to give us an updates here maybe once a month
so, this thread not look quite and stay alive
regards

using the new version already but since the last version my wallet keeps crashing.
any idea on how to solve it?

here's part of the log:

We have a new release and its mandatory to update as soon as possible.

There was a bug in the blockchain code and it was triggered at block 710000, causing the blockchain to stop working and get stuck.

I have been working on this for the past 72 hours and I got it working again but everyone needs to update their wallets and masternode/maxnode.

Everyone is required to download the new release (V2.1.1) which can be found at GitHub.

https://github.com/LytixChain/lytix/releases/tag/v2.1.1

* Download the new Windows wallet and update.

* Wait for full sync and then Start your masternode/maxnode.

* If sync is stuck, use bootstrap or delete the blockchain and let it reindex from start.

Make sure your masternodes/maxnodes are using the latest binaries and synced according to explorer block.

Our explorer is fully synced and has the correct block:

http://explorer.lytixchain.org/

Off topic: Thanks tippytoes for the kind words

Wow, great! Nice to hear about your personal endeavours in this time of crisis. What you are doing right now is more important than this project. But do you have other personnel that can take care of your business here while you are out there? It is better to have others that will help you with this one. I believe there will be individuals who will be interested to assist you as there are a lot of people who are free right now. Might want to consider getting them on board.

Sorry for not being active on this forum, but you can find me on our discord server.

Currently busy with Corona tests "I'm a medical lab tech", and development will continue once this state of emergency is over.

Network is working fine, as well as the explorer, seed nodes and website. Feel free to pm me if you need help with any issues regarding LYTX.

I've checked discord and it seems he's still active there.
for some reason my blockchain got stuck here again and I had to delete it and redownload it, now it's working fine.

where's senaia now? last active on Jan 24th...maybe busy for this year's plans? back to 7-sat level in crex. but hey, they reached above 20 sats last dec but back below 10 sat again. more then likely he's still around.
where is the new website by the way as promised?

the ship was abandoned or there's still development going on here?

hey
seems like my wallet is stuck on January 4th
again.

are there any updated nodes (best option)
or snapshot?

thanks a ton

Happy New Year Everyone 

thanks a lot
could sync with the bootstrap download and new nodes.

just got a bit lazy to update my maxnode.
but maybe will set up a masternode again at some point.

thx for the help

I  sent you a PM last week with nodes that you can use.

I have uploaded a new bootstrap.dat, lytix_dir.zip & lytix_dir.tar.gz, all updated till block 525000 and you can download the one you like here:
https://github.com/LytixChain/lytix/releases/tag/v2.1.0

Feel free to use these nodes if you want.


PM me if you still need help with your wallet.

still couldn't sync with the new wallet?
anybody had access connecting to nodes?

blockchain is stuck here.
thanks.

sounds a good plan. sometimes it is easier to work around in a brand new site. so i do agree with that move!
new investors will give you funds to proceed with your goals? if you will reach 20-30 sats, i guess you are on the right track to revive this project.

hey, upgraded to v2.1 only today (after 515000) and my wallet is now stuck on block 515842
how to solve it?

do you have an updated bootstrap or other nodes I can add to wallet?

Hello everyone,

We have launched a new release (v2.1.0) and its mandatory to update as soon as possible.

Masternode collateral will become 10000 when we reach block 510000, and the new reward will take effect when we reach block 515000. It will become 60% maxnode, 20 masternodes and 20% staking.

This release has a new protocol (71033) and it will be enforced before we reach block 515000. That's why its mandatory to update all your maxnodes and masternodes, not just your desktop wallet.

Windows Update:

* BACKUP your wallet!

* Download Windows wallet and install it.


Maxnode/Masternode Update:

* SSH into your VPS and stop lytixd: lytix-cli stop

* Download the new binaries to your VPS: wget https://github.com/LytixChain/lytix/releases/download/v2.1.0/lytix-2.1.0-Linux-x86_64.tar.gz

* untar and replace the old binaries with the new one's:

  tar zxvf lytix-2.1.0-Linux-x86_64.tar.gz

  cd lytix-2.1.0

  sudo cp -r * /usr/local

* Make sure the new binaries replaced the old one's, then start Lytix: lytixd


If your masternode/maxnode is hosted with HostPuma, just update your Windows wallet then DM me and I will update your node for you.

If your masternode/maxnode is hosted with another hosting company, update your Windows wallet then contact them and ask them to update your node for you.

Feel free to DM me if you need help updating or have any questions. I will be online all day on Discord and ready to assist everyone.

Notes:
* Crex24 emailed and they should update their Windows wallet soon.
* MacOS not released yet but it will be soon. DM me if you are a Mac user.
* Download the wallet ONLY from our official GitHub page.
* Download Here: https://github.com/LytixChain/lytix/releases/tag/v2.1.0

News:
https://crypto-bridge.org/ is closing so if you have any coins there, then you need to withdraw it.

The current one loading time is bad and its HTML code isn't optimized. The new website will be faster and it will include the roadmap, guides...etc

The new goals will depend on what our community will decide, and I have new investors who will join the project next month so this should help with our market value.

why new website? you can improve your current one instead.. theres nothing wrong with your website. but where is your marketplace? and i guess you need a new roadmap for this coming year.
what are your new goals for this coin? how can you increase its value in the market?

Yes, being active has helped restore faith in the project and I'm working on a new release as we speak.

I expect the price to increase cause the dumping is over, those who wanted out are out. The current reward is also an issue cause its not balanced, that's why I'm doing the new release.


True, I will have time to rethink it all once I finish the new release and the new website as well. It will be open to discussion with our community, investors, team....etc

The problem i see with this idea, and the reason I think it will need to diverge or re-pivot it's marketplace to be truly unique is the fact that blockchain or cryptocurrency is the only differentiating factor. Even crypto, currently many businesses accepts bitcoin (Starbucks), and I've seen this idea at least a thousand times, e-commerce with crypto wher people can list their items. I've even seen whole foods accept crypto, so it's  becoming more and more accepting. I think if projects want to succeed nowadays their usecase or platform has to be successful in a way that even if it had nothing to do with crypto, it would still succeed, in that sense crypto is just a supplementary bonus.

keep your updates coming and you may get the 15sat-level...
slow increase is better than continuous decline, right? if you can fully develop your marketplace, it may help in the increase of your coin's value.
at least we can still see a bit of hope here...

Hello everyone,

New Explorer:
A new explorer has been forked from iquidus/DSTRA and its live now. You can view it here: http://explorer.lytixchain.org/
Its much more reliable and bug free, but check it out and DM me on Discord if you find any issues with it. Later I will add a new section that will include ROI calculations, collateral, locked coins...etc

Upcoming Release:
I will do my best to make the release this month, masternode collateral will become 10,000 and rewards will be: 60% Maxnode - 20% Masternode - 20% Staking. It will also include code cleanup, new checkpoints, new sporks...etc

Meme Contest:
The contest is over and our winners are: @coolxraygun, @Turbostud653 (US), @StrikerBurns and @LouiS

Each will receive 5000 LYTX reward.

Don't worry, I have been in the hosting business for almost 10 years, uptime is 100% unless I need to shutdown the server for maintenance or upgrades which is rare. Kernel updates are done without the need to shutdown or reboot.

Yes, I'm still looking for a proper WHMCS payment module but haven't found any so far. I even talked to cryptocurrencycheckout on how their module work and it seems to be semi manual as well. So we will stick to the manual payment method for now, you will see our LYTX address on your invoice, send payment to it, then open a ticket to alert us.

Anyway, I will keep looking for a proper payment module and make the order process much more user-friendly.

a little return-on-experience after a very recent 1 year masternode rental with HOSTPUMA

easy process, just the tiny bit of annoyance at the moment of paying the anual fee with LYTIX as for now you need to make the conversion yourself (1000 LYTX=$1)

once it's done, hosting fee sent from my wallet to hostpuma wallet

opening a ticket to confirm I've paid (sending the tx fee as a proof of payment)

masternode was up 5 mn later!!!

TOP NOTCH SERVICE as far as I'm concerned.

if that host is stable and stays online, it should be highly recommended :thumbsup:

for now the looks of it is a bit sketchy, but once it's polished it will be a kick-ass full service (VPS, dedicated server, masternode hosting, all-in-one, payable with LYTX)

Good job, Senaia!

LYTX Coin is now accepted at https://www.hostpuma.com as payment for all web hosting services.

HostPuma has been in the web hosting business for many years, and you can find a wide range of services such as shared website hosting, VPS hosting, dedicated servers and newly added masternode hosting.

We have also added more value to LYTX Coin, by making the current conversion rate $1 = 1000 LYTIX Coins. So if your invoice is $5, you will need to pay 5000 LYTX Coins.

Now you can support the project by simply switching from your current web hosting company to HostPuma and pay with your LYTX Coins.

Use the following promotion code to get 30% discount on cPanel shared hosting: HostPuma30Off

HostPuma10Off will get you 10% discount on VPS's and masternode hosting.

BitcoinTalk VPS & Special Offers: https://bitcointalksearch.org/topic/hostpuma-vps-2gb-ram-10gb-ssd-all-cpu-cores-1-ipv4-usa-datacenter-5197855

If you have any questions, feel free to ask in Discord or open a support ticket here: https://www.hostpuma.com/support/submitticket.php

I know its not assuring but we decided to keep it there for now. When I took over, it was 2 sat so we got it up to 10 sat and stopped.

The plan is to get real investors to buy the coin, not a fake bump that would last for few days or even few hours. Natural & slow increase in price is what we are going after.

We just started advertising on Google, and we semi integrated Lytix coin with my hosting business: https://www.hostpuma.com/masternode-hosting.html

Yes, we still need to update the roadmap on the site, and other things as well. I'm hoping to get this done in November.

The current buy/sell orders in crex are not very reassuring.



Also, can we see updated version of the roadmap?



I guess there are already progress in the above items.

for real, better nothing than Yobit.
it's the shadiest exchange ever.

maybe livecoin or even kucoin, that would be much better, but I guess yobit hurts more than helps.

HOWDY dear Lytix and meme lovers!

To celebrate Halloween and the resurrection of LytixChain (who's not a zombie as far as you can see, it's well alive!!   ), we have decided to launch a "meme competition".

Everything is explained in the picture above, so create your lytix crazy/stupid/funny/annoying memes and post it in the #meme channel on our discord https://discord.gg/A8jsMwM

The one's most voted by the community will win a masternode.

GOOD LUCK TO EVERYONE!!

Crex alone is not good enough though.  Try at least for a few other exchanges including Yobit. Alternatively, consider converting/swapping to a popular token platform eg Waves or Binance chain and then you can get listed on a decentralized exchange.

still watching LYTX project with great interest.
I have been here since the beggining and mined it before it died the first time and faetos gave up on the project, after a couple of months he came back with it and we got listed to crex, so forth and so on.

curious to see where this will go!

glad to be a part of this project.

great things to come

all the best Senaia and team!

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He does have a good point regarding "Listing Approval". I have removed it from the main topic, and we will discuss on Discord if we should have it based on voting, or not have it at all.

The listing approval procedure is certainly "centralized", but there are definitely lots of things that need to be centralized. If there's no "listing approval" procedure, the marketplace will most probably become a shitshow very quickly, wich loads of scam links and irrelevant stuff.

Maybe a better idea would be to create a "community vote" system for approval/rejection of new listing proposals?

If the fee is paid in LYTX coins, then when a proposal is rejected by the "community", the fee could be refunded to the original sender? Wouldn't that make it decentralized?

Oh, and... about the "end of a good project", let's not forget that in the current state of everything, the specificity of Lytix, aka hosting small files privately & securely on the chain for banks & insurance, was not yet developed. At all. So before passing the torch to Senaia, there was no use case at all.

Now Senaia's trying to relaunch the project by adding a use case that is not too far away from implementation, which means that the current holders & the new buyers will have a few ways to use (aka spend) their coins. I think it's already a HUGE progress in the right direction. It could work already that way, with a good combination of smart marketing, good networking and the injection of reasonable funds.

We have other ideas as well, currently under discussion, but those are a bit too "far away" to be announced now.

I'm sorry you don't like the current idea, I'm also not a fan of "Listing Approval" and already discussing its removal with other team members. This would make the entire advertising platform decentralized.

And that is the end of a good project. A centralized instance? Why do you need a coin and blockchain for that?

So you advertise to Lytix users? Good luck keeping those around.

I had high hopes for the project, but now it looks like one in a thousand.

No real idea, use as payment, advertising....the typical buzzwords when original thought is missing. Only need to add in game payments!
Boy oh boy.

Maxnodes were originally built as Data driven API storage, its now enabled as a second tier and I plan to use it as part of the Marketplace Blockchain.

Advertisers who run a maxnode will get 50% off the listing fee, making it very cheap to post advertisements in the blockchain. Masternodes will also get a discount. Anyway, I did not announce this in the topic or even discord cause I still need to work the development part of it.



I will need to submit another request because of the project changing hands and direction.


Yes, a lot of work will go into the website design, content and loading time as well. I don't have an ETA when I will start this but it will be done for sure, its on the top of the worksheet. Adding the wallet to Google Play is not a priority now but if we get more people interested in it, then we will consider it.

The listing fee will be around $10, paid in LYTX only from your wallet when you create an Ad. This fee is not final and it will depend on how much interest the project will get from advertisers and the crypo currency community in general. Keeping in mind that LYTX maxnode/masternode owners will get a huge discount which will reduce the fee even more.

What is the status of your listing request to bittrex? 3rd quarter is already over.



Better to see this coin in bittrex as they have relatively good reputation as compared to new ones and they have been here for 6 years already.

You should optimize the site loadiing process. Any plans for adding LytixChain wallet to Google Play ?
Can you anounce the fee payment range ?

I look forward to seeing this project take off in a new direction with the support from a larger team with some of the resources needed to keep a project like this up and running. Maxnodes will be a big draw for people especially with such a low entry point currently.

Thanks for taking over this project @Senaia

Maxnodes? hmm what are those...
usually peaks my interest to see SOMETHING not already done 100x before lol
Gonna check this out, thx for the links!

good luck to you for the new launch!!!

Faetos has done a great job with the first steps of this project, now it's up to the community to carry on and raise the bar.

It's already very nice to see the dedication and enthusiasm you're putting into this, and the effects are already visible on the price curve... from 25 sats average to 2 sats, now up to 12 sats and stabilizing... very promising!

coinmarketcap require us to be listed and traded in at least 2 major exchanges, we only have one now so the list will remain "Untracked Listing" until we do so.

Its something I will deal with later since its not a major issue for the project, you can still pull data from coingecko and coincodex.

why can't I see price and exchange on coinmarketcap?

Reserved for later use, thank you.

LytixChain Information:
Website: https://www.lytixchain.org/
Exchange: https://crex24.com/exchange/LYTX-BTC
CoinGecko: https://www.coingecko.com/en/coins/lytix
CoinCodex: https://coincodex.com/crypto/lytix/
CoinMarketCap: https://coinmarketcap.com/currencies/lytix/
Old Whitepaper: http://www.lytixchain.org/downloads/Lytix_Whitepaper_v1_3.pdf
New Whitepaper: I will publish it when its ready, read below for more information.
Block Explorer: http://explorer.lytixchain.org/ or http://www.lytixchain.org:8001/
Github: https://github.com/LytixChain/lytix
Announcement: https://bitcointalksearch.org/topic/ann-lytixchain-reloaded-marketplace-blockchain-pos-masternodes-maxnodes-5192774
Logo: https://www.lytixchain.org/img/logo.png
Medium: https://medium.com/@faetoslytix
YouTube: https://www.youtube.com/channel/UCe9mVDCKp_xtH7tvN2Z17iA
Twitter: https://twitter.com/ChainLytix
Telegram: https://t.me/lytixcoin
Algorithm: PoS + Masternodes + Maxnodes
Block time: 1 minute
Block Reward: 10 LYTX
Reward Percentage: 20% Masternodes - 60% Maxnodes - 20% Staking.
Total supply: 100,000,000
Circulating Supply: 13,800,854 http://explorer.lytixchain.org:8000/api/supply
Masternode collateral: 10,000 LYTX
Maxnode collateral: 100,000 LYTX

LytixChain Takeover:
The original project leader "faetos" has decided to hand over the project to me. He has an ongoing illness with a family member that requires more of his time. Also a conflict of interest with his place of work has caused an issue.

There were a few good reasons to takeover the project instead of making a new one. The blockchain is well developed, there was no ICO, no inflation, circulating supply is 13 million, stable price at Crex24 "It dropped after the takeover but we are recovering fast"...etc

LytixChain Whitepaper:
Although the original idea was to develop a Maxnode Data Driven API, I have decided to contiune the blockchain development with a new direction that will help solve a problem in the crypto currency world.

Problem: Who accepts crypto currency?
Crypto currency is hard to spend online for real products and services, even Bitcoin is facing this problem.

If you want to buy a shirt with bitcoin, you need spend a good amount of time looking into who accept's bitcoin, rather than which shirt is best for you.

Solution: Marketplace Blockchain

Advertisers will be able to list their products & services in the blockchain, and everyone who has a wallet will be able to see it under the "Market" section.

This will give advertisers access to all Lytix users, and they will be able to advertise their products/services in exchange for crypto currency or fiat money.

As a wallet user, the "Market" section is an online store, that will show you a list of advertisers who accept crypto currency as payment. The consumer no longer need to spend hours looking into who accepts crypto currency and who doesn't!

* Listing Format:
  

• Date: The date your listing was added.
• Offer: A description of the products and services your offering.
• Link: A link to your website where consumers can contact you, or purchase your products/services.

* Listing Fee:
There will be a small listing fee, which will be deducted from your Lytix wallet when you create an ad.
This will help protect against spammers and also support the blockchain development cost.

* Listing Time:
This is not a permanent listing, your Ad will be listed for 30 days only, then it will be removed.
This will keep the blockchain clean from expired offers.

* Listing Examples:
    

• We are launching a new coin. Join the airdrops & bounty now.
• Masternode hosting services for $2 per month.
• 100 "Coin" to complete an online survery.
• Professional web designer looking for new work, Portfolio available online.

LytixChain Worksheet:

* Update our website to fit the new direction.
* Create a whitepaper for our new direction.
* Run blockchain updates and cleanup.
* Begin Marketplace blockchain development.
* Develop more wallets for different operating systems such as Android.
* Project promotion in cryptocurrency forums, discord groups, masternode directories, masternode hosting services....etc
* Create one click installer script for both masternodes and maxnodes, as well as update all our "How to" guides.
* Launch "free masternode/maxnode hosting" for 3 months to all new LYTIX investors.
* Update our blockchain reward percentage and remove the Dev Fee "Already Disabled".
* Update our project information in coingecko, Crex24, BitcoinTalk...etc
* Partnership with other projects in programs that benefit all parties.

Of course, there is more information and updates to come, so I will do my best to keep this topic up to date as we go.