Topic: Jean-Luc destroying NXT or saving it with NXT 2.0? (Read 2911 times)

The current NXT trading on very exchanges showing signs that it is greatly affected by ARDOR released.

Did you know you can mine NXT in the Lucky node 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 very low - a Raspberry Pi can do the job.
Run it 24/7 or as often as you can while you work or play. Bandwidth requirements are quite low for modern ISP plans.
Join in with the over 100 nodes that are already in the project.

i think it is too complicated.

i have NXT. now i have NXT and ARDOR. what can i do with NXT and what can i do with ARDOR. and i a year it is possible that i have fNXT. this i just confusing and i think that i will sell my NXT and my ARDOR and thats it.

All ok smooth? i'm warried , when you don't troll other coins!!

Yesterday NXT 2.0, called Ardor now, was distributed to NXT holders 1 on 1, in the form of an asset that will later be converted to coins, and started trading.

NXT itself dropped to 1400 sats while ARDR is valued around 2.5 NXT or 3200 sats.

Total price of 1 NXT +1 ARDR is around 4600 sats.



At the time I started this thread NXT was around 2000 sats, so price has gone up with NXT 2.0, which is very good and suggests it was the right decision of Jean Luc.


Ardor asset is traded mainly on the decentralised asset exchange of NXT itself, to trade there you need to download and install the NXT client: https://nxt.org/download/


It's also trading on bitcoin exchanges:
https://hitbtc.com/exchange/ARDR-to-BTC
https://bittrex.com/Market/Index?MarketName=BTC-ARDR


I hope it starts trading at poloniex as well, in which case NXT + Ardor may reach the old time high of 13000 sats.

Fingers crossed! 

I think this is the breakthrough Nxt has been waiting for!

Go for it.

@marc

With the new jl777 asset independence initiative,

Assuming nxt devs build support for this ,assets can move freely from one blockchain market to another.

Nxt ae is great, assets will still trade and want to trade on it.

With this inevitable change in nxt architecture, assets can move off nxt to feel safe and come back if/when it is.

Everyone wins.

Love it! 

Aber Englisch man, verdammt!

"Ich habe dazu eine klare Meinung: Auf jeden Fall Revolution und Nxt 2.0. Stillstand ist der Tod bei Altcoins, man muss aktiv sein und auch dem Markt etwas bieten. Laut Ryker könnte die Blockchain von Nxt von aktuell 1.5 Gigabyte für fNxt auf rund 10 Megabyte eingedampft werden. Das gibt schon ganz neue Möglichkeiten. ...... Die Altcoinmärkte reagieren nicht auf kleine Dinge, nur durch spektakuläre Aktionen, kann man sich aus der Masse der Coins hevorheben. Dass aus einer Coin zwei Coins werden stellt ein starker Kaufanreiz dar."

no new nxt will be generated. they will stay at ~1 billion. if the 1:1 distribution happenes  as proposed ~1 billion fnxt will be created and awarded to all nxt holders.

afaik how many TPS the fnxt motherchain can handle is yet to be determined. its not that important. the TPS increase comes from the the childchains, since those will be pruned its possible to have bigger blocks without having a bloat issue.


so all transactions on a childchain are bundled into a single transaction on the motherchain.

Hi Marc,

I was blogging today about this in my German Altcoinblog:
https://altcoinspekulant.wordpress.com/2016/02/26/nxtcoin-nxt-revolution-oder-evolution/

Can we get a clear picture on the business model for (f)nxt and nxt?

nxt will remain a token (child)
fnxt will be used ONLY for forging (motherchain) can't be pruned
fnxt can carry 255 TX/block * 1440 = 367,200 TX/day  [3 tps]

---
So no nxt will be generated?  Only fnxt will be rewarded (created) for network participation (hashing) ... plus NXT fees

It can carry 255 per block * 1440 = 367,200 of simple payments/bids/asks every day.
Some transactions are larger, 250,000 a day is realistic. Calculates to 3 tps throughput like Bitcoin.

2 t.p.minute is what it does under current load, 3 t.p.second is what it has capacity to process.
3->100 in NXT 2.0, it will be a huge progress.

disclaimer: all this is how i understood the proposal. its not necessarily 100% correct. i might have gotten something wrong.


the community has not decided on a distribution method for fnxt yet. the most likely scenario is a 1:1 fnxt to nxt distribution. there have been arguments made that nxt as a childchain will lose at least half its value with unknown consequences for asset issuers and asset holders. asset holders funds are locked in an illiquid market, so they will end up with less fnxt. there are arguments beeing made that this is unfair, as those who used the platform and tried to make it flourish will get less than those who just hold.
there are also people who say nxt as a childchain will die, because the platform will be filled with business childchains and nobody is going to pay the fnxt for the nxt childchain blocks (see bottom for explaination). in that case your current versatile nxt token is lost and you end with a token that is only used for forging.

there are some more arguments against it being made, i can't sum them all up. there is a very long thread over at the nxtform: https://nxtforum.org/core-development-discussion/nxt-2-0-design/


no. btcd and vrc are not nxt childchains.


i dont understand. supernet is a seperate project, its not part of the nxt core.


assets are created on childchains. you need to pay with childchain tokens (for example nxt) to issue an asset. fnxt is the forging token on the motherchain. fnxt is used to secure the motherchain and all childchains via PoS. forgers on the motherchain will receive fees for that in fnxt.
while all transaction fees on the childchain are paid in childchain tokens, fees for a block to be included in the motherchain have to be paid in fnxt. those fees will be paid by someone, e.g. a childchain forger or childchain creator (e.g. like a business)


its the token on the nxt childchain. you can buy assets, buy stuff on the marketplace, write messages etc.


the current nxt chain is split into a mother chain and a child chain. a market will emerge where they can be freely traded. nxt will remain a token. fnxt will be used ONLY for forging. fnxt can't do anything other than forge and beeing transfered from one account to another at very high fees, since transactions on the motherchain can't be pruned away and therefor need to be rare.

Currently there are 2 transactions per minute, about 2000 transactions per day.

Since there is 1 block per minute are you saying that it could carry currently 3 per second so 180 per minute?


I think this nxt 2.0 calculation is important:
https://docs.google.com/spreadsheets/d/1C2lgUpSLxUJma3KsJV-lTs0B5mANolZqQZiS8StwVtI/edit

About the same as Bitcoin if blocks were full, 3 tps.

and everything to gain, 100+ tps is what it's about.

Automagically, now go back to your cave and hibernate for ten years.

wow wait what?
I have my next in cold storage since the start but never really checked out what's happening lately.

Now i have to think about moving them over to a new version or will that be taken care of automagically?

explain more 4 da stoopid

speed and scalability = good
what is = the bad?

network model
Does this mean that btcd and vrc staking coins can contribute to the mother chain while staking their own chain?
Would this allow all to stake all?
Anyone can now fork-in to the superNET?

business model
Crypto creator needs to buy (f)nxt to pay for the creation of an asset?
What is nxt used to pay for?  
Can we get a clear picture on the business model for (f)nxt and nxt?
Which is the one used for transaction fee?

There's nothing wrong with splitting currencies but the existing currency and its network should be left intact. People who want to migrate to the new, fundamentally different one can do so voluntarily.