today, the price growing more than 200% ? what happened ?
because i don't see any updates in Nyzo medium, i hope somebody who knows the cause will write here the reason of this pump
thanks
Topic: [ANN] [NYZO] Nyzo (Nyzo.co) | Proof of diversity | Fairly distributed | Original - page 2. (Read 7311 times)
August 28, 2020, 05:33:33 PM
today, the price growing more than 200% ? what happened ?
because i don't see any updates in Nyzo medium, i hope somebody who knows the cause will write here the reason of this pump
thanks
June 17, 2020, 02:36:24 PM
How long is each cycle on average?
The cycle length is 2019 at the moment. This means there are 2019 verifiers validating transactions, they take turns producing blocks in a circular order. Each time a full cycle of verification ends, a new verifier joins the cycle. (This verifier is chosen randomly from the ones waiting in the queue), increasing the cycle length by one.
On average, each cycle of verification lasts 7 times the length of the cycle, in seconds. It is important to note that the amount of time it takes to complete a full cycle does not affect the finality time for a transaction.
You can learn more about Nyzo here:
http://tech.nyzo.co/
June 17, 2020, 10:11:06 AM
How long is each cycle on average?
June 17, 2020, 04:24:06 AM
Team
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.
Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.
The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.
https://myaltcoins.info/nyzo-review/
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.
Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.
The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.
https://myaltcoins.info/nyzo-review/
Thanks! This info is sort of what I was looking for!
This is outdated, the premine has been transferred to an address controlled by the cycle, which needs at least the approval of 50% of the verifiers to move any funds from it. This address is now intended to fund the development made by the community to the project and pay bounties for reporting vulnerabilities. You can find more info in the following links:
http://tech.nyzo.co/strategy/buildingNyzo1
http://tech.nyzo.co/strategy/buildingNyzo2
June 17, 2020, 02:41:39 AM
Team
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.
Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.
The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.
https://myaltcoins.info/nyzo-review/
Team is anonymous, we don’t even know for sure if it’s one or multiple persons. Nyzo is not a privacy coin so we must look at this as a red flag.
Nyzo devs created genesis block which contained total Nyzo supply of 100,000,000 coins. 20% or 20,000,000 coins has been set aside and is used as incentive for verifiers to participate in the mesh while the network is new. These coins will be distributed over the period of 6 years. The idea is that after the initial period, the network will be large enough to support verifiers solely from transaction fees which are awarded for processing transactions. Transaction fee is fixed at 0.25%, regardless of transaction size.
The other 80% is problematic, it is controlled by Nyzo team and can be used as they please since it is not locked. Huge red flag since it is effectively 80% premine. We don’t see any justifiable reason for doing this.
https://myaltcoins.info/nyzo-review/
Thanks! This info is sort of what I was looking for!
June 14, 2020, 04:51:45 AM
Why is @nyzo_currency frozen?
May 25, 2020, 04:01:11 AM
NYZO has frequent updates and an active community, so perhaps we can simply sync @nyzo_currency and @NyzoGang updates here.
May 15, 2020, 04:37:27 PM
...
The forum is mostly used for NTTP and NCFP proposal discussions before being voted on I think
May 15, 2020, 04:06:58 AM
It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.
It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.Or on the Forum: https://forum.nyzo.community/
Yes Discord is pretty active, I don't know anything about the forum.
As a side note: I don't know why so many projects doesn't understand that having your own forum is worthless since almost no one will join it, because everyone is here.
For example I find it very hard to make accounts to all crypto forums and join all the forums of all coins I own even from time to time.
May 03, 2020, 08:05:07 AM
It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.
It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too.Or on the Forum: https://forum.nyzo.community/
May 03, 2020, 07:34:29 AM
It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.
It's okay for a project not actively on bitcointalk. There are more meant and platforms to keep projects stay in touch and communicate with the community. Nyzo is good at other platforms too. May 03, 2020, 03:24:48 AM
can we mine this coin? or only with the postal system? I see this coin is in 4 big top cmc markets and has good value, so I want to learn this coin in detail
To mine it you got to have a verifier in the queue, check out the website i linked 2 posts above
May 03, 2020, 01:44:00 AM
can we mine this coin? or only with the postal system? I see this coin is in 4 big top cmc markets and has good value, so I want to learn this coin in detail
April 21, 2020, 04:37:45 AM
It's a shame that the bitcointalk wire is not more active. It's a very interesting project, there is a very good community, very active, but it is not visible on bitcointalk.
April 07, 2020, 03:13:32 AM
https://nyzo.net/knowledgebase opened some time ago, it's way more polished than the original nyzo.co website
February 28, 2020, 02:01:33 AM
where can we trade nyzo smoothly? the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade
If the price is better on Bilaxy/Cytex and the fee is higher on qTrade. Than the answer is obvious. Isn't it?
February 27, 2020, 10:17:53 AM
IMO it's better to trade in qtrade, when i see nyzo rich list. Qtrade has the most nyzo among exchanges.
https://explorer.nyzo.net/client/richlist.html
https://explorer.nyzo.net/client/richlist.html
February 26, 2020, 10:25:39 PM
where can we trade nyzo smoothly? the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade
Usually trade on qtrade, but I think citex is also a good choice February 26, 2020, 09:51:24 PM
where can we trade nyzo smoothly? the fee in qtrade is high, 1.5%. the price in bilaxy, citex is higher than that in qtrade
February 25, 2020, 08:28:48 AM
7 months!? If this is true, it is ridiculous.
No, it seems I was wrong. I thought the Verifiers queue is first-in-first-out style.
After 30 days if you are lucky you can be randomly chosen to participate in the cycle.
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