Sorry if this questions had already been asked but I couldnt find it using the search option; Does my wallet need to stay open in order for the snapshots to take place or can I credit my account with NXT and leave them there for months without opening the wallet on my PC. I am also curious if need to have my NXT in my account on the the 12th of October in order to receive my NXT or is it possible withdraw lets say 1 month before.
Thanks
Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 189. (Read 395481 times)
August 05, 2016, 06:52:32 AM
August 05, 2016, 05:45:26 AM
Check out the presentation from last week from Lior Yaffe.
He's one of the core developers of Nxt/Ardor and he talks about the future.
https://youtu.be/soHe4UMyCCk
Slides: https://bitcoil.co.il/files/Advanced.Concepts.in.Blockchain.Design.pptx and http://prezi.com/x8jyard5-h51/
Filmed during Israel Bitcoin Meetup in Tel Aviv on 27 July 2016
He's one of the core developers of Nxt/Ardor and he talks about the future.
https://youtu.be/soHe4UMyCCk
Slides: https://bitcoil.co.il/files/Advanced.Concepts.in.Blockchain.Design.pptx and http://prezi.com/x8jyard5-h51/
Filmed during Israel Bitcoin Meetup in Tel Aviv on 27 July 2016
August 05, 2016, 03:03:56 AM
@bbc.reporter
Nxt Foundation is in contact with BTC38, Bittrex and Poloniex about having Ardor asset trading ready directly after snapshots.
They are currently helping with the snapshots for Ardor. Trading will follow, but the exact date is not known yet.
Trading will at least be directly available on the Nxt Decentralized Asset Exchange that is reachable through the Nxt client (nxt.org) or you can use mynxt.info Online wallet and reach it with a plugin..
The Nxt Foundation member that is in contact with the polo admins will be back next week, so i will check the status with the negotiations him and will let it know here.
Nxt Foundation is in contact with BTC38, Bittrex and Poloniex about having Ardor asset trading ready directly after snapshots.
They are currently helping with the snapshots for Ardor. Trading will follow, but the exact date is not known yet.
Trading will at least be directly available on the Nxt Decentralized Asset Exchange that is reachable through the Nxt client (nxt.org) or you can use mynxt.info Online wallet and reach it with a plugin..
The Nxt Foundation member that is in contact with the polo admins will be back next week, so i will check the status with the negotiations him and will let it know here.
August 05, 2016, 02:58:19 AM
Anyone else getting anything from the 5mill forge bounty? I forged 7 blocks all empty this week.
I got 100nxt once. Heard multiple ppl get some others unlucky. Also 1 member that got 10 000.
Its a lottery and need luck on your side
August 04, 2016, 10:39:00 PM
I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work.
About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account.
Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot.
Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain.
Awesome, thank you.
This makes more sense to me now - I am holding it and I have finally downloaded the entire blockchain for my NXT wallet and have updated my address now.
I will look at rolling my NXT from the exchange and letting it run it's course, this could be a promising output with ARDR being released in October.
However, my next question is that if ARDR is deposited in to our existing addresses is it added as NXT and we now need to convert this back in to ARDR or does it get added in to a ARDR on the exchanges, I confirmed with my exchange that they do support the current snapshots or they have advised they have been doing it.
Just wondering how that works.
Ardor won't be released until next year sometime. The tokens will be distributed on nxt on October 12th. This is to fund a market price and allow anyone to obtain Ardor before it is released.
The transition from ardor assets on the next asset exchange to ardor will probably be some burning mechanism. That's just a guess.
I am just asking to make sure. Will Ardor be listed in exchanges like Poloniex so that speculators will be able to trade it even if the release is one year away? Or will it be like Waves release where it was listed in the exchanges with out the backing of a blockchain and without full nodes?
August 04, 2016, 10:04:29 PM
Anyone else getting anything from the 5mill forge bounty? I forged 7 blocks all empty this week.
August 04, 2016, 02:11:15 PM
Yes, same as NXT.
1,000,000,000 assets were issued, and the assets that are not distributed after the snapshots (corresponding to NXT sent to genesis since launch, so not in circulation anymore) will be burned. That right now would leave ARDR supply in initial distribution at 998,999,999 ARDR.
1,000,000,000 assets were issued, and the assets that are not distributed after the snapshots (corresponding to NXT sent to genesis since launch, so not in circulation anymore) will be burned. That right now would leave ARDR supply in initial distribution at 998,999,999 ARDR.
August 04, 2016, 02:05:58 PM
How many ARDR will there be total ? Same like Nxt ?
Or will they increase the supply ever ?
1 000 000 000 ARDR. Supply is fixed. Or will they increase the supply ever ?
August 04, 2016, 01:56:34 PM
How many ARDR will there be total ? Same like Nxt ?
Or will they increase the supply ever ?
Or will they increase the supply ever ?
August 04, 2016, 09:01:16 AM
my next question is that if ARDR is deposited in to our existing addresses is it added as NXT and we now need to convert this back in to ARDR or does it get added in to a ARDR on the exchanges, I confirmed with my exchange that they do support the current snapshots or they have advised they have been doing it.
Just wondering how that works.
Just wondering how that works.
A little summary of the whole process, please correct me if I mess anything up:
ARDR was already issued as an Asset Exchange asset by the Nxt developers - https://www.mynxt.info/asset/12422608354438203866
So after Nxt block 1,000,000 the initial distribution of this asset will happen, and every Nxt account that has been captured in snapshots will receive the amount of ARDR assets it earned.
ARDR will then be tradable in the Nxt AE and in any exchanges that want to add it. There's already been many AE assets in major third party exchanges, so integration will be simple. Then, while main Ardor development is finished and Ardor testnet comes live, ARDR distribution continues in the markets.
And when Ardor mainnet launches next year, there will be two last processes starting in Nxt blockchain:
1) A one-time snapshot of ARDR AE asset distribution is made, and that distribution is included in Ardor main chain genesis. I don't know yet the technical details for that distribution, but I assume assets will be automatically burned after the snapshot, and the Ardor accounts in genesis will be generated using the existing keys in Nxt blockchain. Developers will elaborate on that down the road.
2) A one-time snapshot of NXT distribution happens in Nxt blockchain, and Ardor genesis accounts will also receive tokens for the first child chain in Ardor (name still to be determined), based on the amount of NXT they hold at that moment. There will be a conversion rate for this, still open (it depends on whether other funding sources for development turn up) since a part of of these first chain tokens will be reserved to fund development, infrastructure and others.
This second point is important, because people might decide they're waiting until the current ARDR snapshots are finished and then selling their NXT, and besides whatever roadmap Nxt 1.0 may have after the snapshots, then they also miss a stake in the first Ardor child chain.
This first child chain is in principle the only "hard-coded" child blockchain in Ardor, and it will feature at least the current whole set of tools in Nxt, which will be also accessible for any blockchains created by users on top of Ardor. The essential difference with the Ardor main chain is that the main chain is taking care of securing and fueling the whole Ardor ecosystem, all the created blockchains including the first, using ARDR - but does not run other features inherited from Nxt (like the Marketplace, the Voting system, the Monetary System, etc). To use all the Nxt features in Ardor you'll need to use a child chain, either the first hard-coded one or any blockchain created by users.
August 04, 2016, 07:08:34 AM
I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work.
About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account.
Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot.
Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain.
Awesome, thank you.
This makes more sense to me now - I am holding it and I have finally downloaded the entire blockchain for my NXT wallet and have updated my address now.
I will look at rolling my NXT from the exchange and letting it run it's course, this could be a promising output with ARDR being released in October.
However, my next question is that if ARDR is deposited in to our existing addresses is it added as NXT and we now need to convert this back in to ARDR or does it get added in to a ARDR on the exchanges, I confirmed with my exchange that they do support the current snapshots or they have advised they have been doing it.
Just wondering how that works.
Ardor won't be released until next year sometime. The tokens will be distributed on nxt on October 12th. This is to fund a market price and allow anyone to obtain Ardor before it is released.
The transition from ardor assets on the next asset exchange to ardor will probably be some burning mechanism. That's just a guess.
August 04, 2016, 05:52:08 AM
I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work.
About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account.
Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot.
Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain.
Awesome, thank you.
This makes more sense to me now - I am holding it and I have finally downloaded the entire blockchain for my NXT wallet and have updated my address now.
I will look at rolling my NXT from the exchange and letting it run it's course, this could be a promising output with ARDR being released in October.
However, my next question is that if ARDR is deposited in to our existing addresses is it added as NXT and we now need to convert this back in to ARDR or does it get added in to a ARDR on the exchanges, I confirmed with my exchange that they do support the current snapshots or they have advised they have been doing it.
Just wondering how that works.
August 04, 2016, 05:15:06 AM
August 03, 2016, 08:47:32 AM
Move your NXT tokens from the exchanges to the Nxt wallet (https://www.ardorplatform.org / https://nxt.org) 
Even Hodor Would Understand
Even Hodor Would Understand
August 03, 2016, 08:45:04 AM
I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work.
About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account.
Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot.
Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain.
August 03, 2016, 06:43:25 AM
How do you guys average out NXT, I have around 135,000 NXT on an exchange so how much in terms of ARDR would I be receiving because it did not make sense as to an average to what you receive in ARDR.
The snapshotting period is 3 months.
If you have 135,000 nxt the whole 3 months you will get 135,000 Ardor.
If you have the 135,000 nxt for 2 months you will get 2/3 of 135,000 Ardor and so on.
It is recommended not to hold your nxt on an exchange.
Ah this makes sense at the moment, I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
August 03, 2016, 06:40:26 AM
How do you guys average out NXT, I have around 135,000 NXT on an exchange so how much in terms of ARDR would I be receiving because it did not make sense as to an average to what you receive in ARDR.
The snapshotting period is 3 months.
If you have 135,000 nxt the whole 3 months you will get 135,000 Ardor.
If you have the 135,000 nxt for 2 months you will get 2/3 of 135,000 Ardor and so on.
It is recommended not to hold your nxt on an exchange.
August 03, 2016, 06:32:27 AM
How do you guys average out NXT, I have around 135,000 NXT on an exchange so how much in terms of ARDR would I be receiving because it did not make sense as to an average to what you receive in ARDR.
August 02, 2016, 05:12:32 PM
Did you know that you can mine NXT in the Lucky node lottery project?
Follow instructions in the link and turn your laptop into a money making machine. You don't wear off your computer, the computational requirements are so low, some people set it up on a solar powered Raspberry Pi.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.
Mine NXT, get ARDR.
Follow instructions in the link and turn your laptop into a money making machine. You don't wear off your computer, the computational requirements are so low, some people set it up on a solar powered Raspberry Pi.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.
Mine NXT, get ARDR.
Yes, it really works. Got lucky several times in two weeks.
August 02, 2016, 01:48:12 PM
Did you know that you can mine NXT in the Lucky node lottery project?
Follow instructions in the link and turn your laptop into a money making machine. You don't wear off your computer, the computational requirements are so low, some people set it up on a solar powered Raspberry Pi.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.
Mine NXT, get ARDR.
Follow instructions in the link and turn your laptop into a money making machine. You don't wear off your computer, the computational requirements are so low, some people set it up on a solar powered Raspberry Pi.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.
Mine NXT, get ARDR.
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