[ANN] Nxt :: descendant of Bitcoin - page 143.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: kriwest on October 13, 2013, 07:25:07 AM

What are you meant to put in the Tag field? Just a message? It doesn't seem to be working yet though? (if I enter anything it says "One of the fields is filled incorrectly")

I believe u can put there any 64-bit number:

Quote from: BCNext on October 08, 2013, 02:39:45 AM

Also each transaction can be marked with "id" (8 B length) to help merchants to identify your payment. Not necessary to create a separate address for each customer anymore.

bahamapascal

hero member

Activity: 695

Merit: 500

Quote from: BCNext on October 13, 2013, 07:18:47 AM

Estimated time changes each block due to retargetting and different block hashes. 10'000 NXT gives you 0.001% to generate a block.

If I may suggest, when releasing Nxt, don´t make the amount of coins to high. In general if you have a low coin "cap" (1 million or something in that range) it has a good physiological effect of being something "rare".
While if you have 1 trillion coins (or similar), it for one has the affect of being something "cheap" aswell as being difficult to trade against BTC (and almost impossible to trade against USD/fiat).
Well, just my thoughts Wink

kriwest

full member

Activity: 154

Merit: 100

What are you meant to put in the Tag field? Just a message? It doesn't seem to be working yet though? (if I enter anything it says "One of the fields is filled incorrectly")

BCNext

jr. member

Activity: 56

Merit: 60

Estimated time changes each block due to retargetting and different block hashes. 10'000 NXT gives you 0.001% to generate a block.

kriwest

full member

Activity: 154

Merit: 100

Quote from: Come-from-Beyond on October 13, 2013, 07:15:27 AM

Quote from: kriwest on October 13, 2013, 07:13:20 AM

Mine shows 239 days.

After a new block I have only 13 days left. I bet it's changed each block.

Yeah, I updated my post. 239 was from my first login after I sent myself the 10k. Second login (just now) showed 42 days.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: kriwest on October 13, 2013, 07:13:20 AM

Mine shows 239 days.

After a new block I have only 13 days left. I bet it's changed each block.

kriwest

full member

Activity: 154

Merit: 100

Quote from: Come-from-Beyond on October 13, 2013, 07:06:20 AM

Quote from: kriwest on October 13, 2013, 06:39:44 AM

Nice. Just sent myself some NXT. Grin

How much time to generate a block is shown on ur account? I see 175+ days on mine, it has 10 kNXT.

Mine shows 239 days.

Edit: oh, not anymore.. now it says 42.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: kriwest on October 13, 2013, 06:39:44 AM

Nice. Just sent myself some NXT. Grin

How much time to generate a block is shown on ur account? I see 175+ days on mine, it has 10 kNXT.

kriwest

full member

Activity: 154

Merit: 100

Nice. Just sent myself some NXT. Grin

BCNext

jr. member

Activity: 56

Merit: 60

UPDATE

A version with mining is deployed. Visit http://88.198.210.245:7875 and open BLOCKS widget. Use any digit as a secret phrase to unlock one of the funded accounts and send some money to your own account (limited to 10,000 at once). After a confirmation you will be able to generate blocks as well.

Now we are testing the retargetting. 100 % base target equals to the target that lets to generate one block per minute with 1,000,000,000 coins on the balance. Actual generation time is displayed on BLOCKS widget in RECENT BLOCKS section.

wezelvis

member

Activity: 78

Merit: 10

Quote from: BCNext on October 12, 2013, 11:35:41 AM

I have done with the mining. Tomorrow I will have it implemented in the web client and you will be able to watch the blockchain growing.

Great work!! Looking forward to tomorrow. You'll get a lot more interest in Nxt once the web client is up and running.

BCNext

jr. member

Activity: 56

Merit: 60

Anyone can test it.

Aggrophobia

legendary

Activity: 1106

Merit: 1001

so this is alpha? and people who have offered btc?

BCNext

jr. member

Activity: 56

Merit: 60

I have done with the mining. Tomorrow I will have it implemented in the web client and you will be able to watch the blockchain growing.

kriwest

full member

Activity: 154

Merit: 100

0.0995 BTC sent. I assume the "message" is blockchains public note, so I put my hash there.

matt608

hero member

Activity: 868

Merit: 1000

This looks potentially interesting, I'm watching and hoping it keeps developing.

BCNext

jr. member

Activity: 56

Merit: 60

UPDATE

Added transaction handling. At http://88.198.210.245:7875/ you can see how it's implemented in the interface.

How to send money
1] Go to http://88.198.210.245:7875/
2] Click the orange lock to unlock an account
3] Enter any digit into SECRET PHRASE field, for example "1" (the genesis block contains only 10 addresses with 100 mil coins on each)
4] Click the purple arrow in the top right corner
5] Fill the form, amount must be not greater than 10,000 and fee not greater than 100 (limited for testing)
6] Deadline (in hours) can be less than 1, enter 0.1 to set it to 6 minutes
7] See the balance adjusted and the transaction appearing in the unconfirmed transactions list

If a transaction is not included into a block (it's not because mining is in development yet) then after the deadline is reached it will be removed. We tested that transactions are correctly propagated over the network (sent some from one peer and watched them appearing on another).

Now I'm working on the most interesting part -- the mining. Stay tuned.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: BCNext on October 09, 2013, 08:21:55 AM

I asked the support of one exchange. They said Nxt API is non-standard, not like cookie cutter altcoin JSON-RPC API, and requires some effort to add it to the exchange. Also I don't want Nxt to become just another pump-n-dump altcoin, Bitcoin-to-Nxt-and-back gateway is more preferable. I'll think of it later.

Well, I can create a gateway for 50 BTC. U could add 0.1% exchange fee and share this profit with the first contributors who help u to collect 50 BTC on Nxt transferring address. Kinda an early adopter bonus - send coins earlier to get some shares, isn't it?

BCNext

jr. member

Activity: 56

Merit: 60

I asked the support of one exchange. They said Nxt API is non-standard, not like cookie cutter altcoin JSON-RPC API, and requires some effort to add it to the exchange. Also I don't want Nxt to become just another pump-n-dump altcoin, Bitcoin-to-Nxt-and-back gateway is more preferable. I'll think of it later.

bahamapascal

hero member

Activity: 695

Merit: 500

Quote from: BCNext on October 09, 2013, 04:55:44 AM

I can not afford to spend 100 BTC. What about 20 BTC for the exchange?

Why don´t you ask cryptsy.com if they will add it on release? If you can show them that you are serius about this coin (and show them maybe a preview of the new client), then I would think that they will add it on releas. Becous, I realy don´t see any reason to pay 20 BTC for a dedicated exchange if there are alrady exchanges out there. Aswell, most people won´t trust a new exchange and will (if at all) only send small BTC amounts. You could also contact mcxnow.com, might be that they will be willing to add it.

Topic: [ANN] Nxt :: descendant of Bitcoin - page 143. (Read 383989 times)