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Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 192. (Read 941285 times)

legendary
Activity: 1540
Merit: 1000
While I was reading an article about the BitcoinXT and Bitcoin topic, a question raised up: How many transactions can Nxt currently handle per minute / hour / day? And is it enough to address the aim to be a world cryptographic finance platform what usually means to handle millions of transactions daily?

Thanks!
may be look this: https://bitcointalksearch.org/topic/transparent-mining-or-what-makes-nxt-a-2nd-generation-currency-364218
tyz
legendary
Activity: 3360
Merit: 1533
While I was reading an article about the BitcoinXT and Bitcoin topic, a question raised up: How many transactions can Nxt currently handle per minute / hour / day? And is it enough to address the aim to be a world cryptographic finance platform what usually means to handle millions of transactions daily?

Thanks!
legendary
Activity: 1554
Merit: 1000
NXT

the most innovative altcoin !
Thankfully, its not a coin, but price wise, currently the most frustrating and disappointing.

That is true, but on the other hand these whale dumps helps distribution- hey, the common lucky bastard Nxt whale is on the endangered species list!

And then there is the utility value as opposed to the speculative value- and that is what counts in the long run.

Utility value being as that there are things that require Nxt in order to do or purchase them.

This in turn does not work if a bunch of whales just sit on big stashes of Nxt. In order to be of any utility value, monetary tokens must highly available, i.e. liquid!
 

Yep, agreed. Just wish the whales would bloody get on with it.
The price crashing down to double figures is fine with me, if it deals with the initial distribution process and means an end to this incessant selling that they are controlling.

Gone on for far too long. Capitulate already.
legendary
Activity: 1181
Merit: 1018
NXT

the most innovative altcoin !
Thankfully, its not a coin, but price wise, currently the most frustrating and disappointing.

That is true, but on the other hand these whale dumps helps distribution- hey, the common lucky bastard Nxt whale is on the endangered species list!

And then there is the utility value as opposed to the speculative value- and that is what counts in the long run.

Utility value being as that there are things that require Nxt in order to do or purchase them.

This in turn does not work if a bunch of whales just sit on big stashes of Nxt. In order to be of any utility value, monetary tokens must highly available, i.e. liquid!
 
legendary
Activity: 1554
Merit: 1000
NXT

the most innovative altcoin !
Thankfully, its not a coin, but price wise, currently the most frustrating and disappointing.
legendary
Activity: 1462
Merit: 1025
i love Emerald (EMD)
NXT

the most innovative altcoin !
legendary
Activity: 1918
Merit: 1001
ESMA (European Securities and Markets Authority) publishes responses for Nxt Cryptocurrency. Pretty cool!  Shocked



Read the full report here: http://www.esma.europa.eu/system/files/esma_report._mr_lopez._spain._0.pdf



Thats an awesome read!

Dont know why Ethereum has such a high marketcap right now because its nowhere near finished!
tyz
legendary
Activity: 3360
Merit: 1533
This is really amazing! Nxt is very likely considered as the most advanced fullstack cryptocurrency framework. No single word about Ethereum Wink

ESMA (European Securities and Markets Authority) publishes responses for Nxt Cryptocurrency. Pretty cool!  Shocked



Read the full report here: http://www.esma.europa.eu/system/files/esma_report._mr_lopez._spain._0.pdf


legendary
Activity: 1092
Merit: 1010
NXT NRS 1.5.15 released

https://nxtforum.org/nrs-releases/nrs-v1-5-15/

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Release 1.5.15

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.5.15.zip

sha256:

474694e08ff2d9495aceff73a4ed9e276f4311d81695fd7eeaf94caba58d4764  nxt-client-1.5.15.zip

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.5.15.jar

sha256:

3ede181a73a365a54cd8341d0925d1ebe899382e0b9df808a83ab0e82feee5d2  nxt-client-1.5.15.jar

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.5.15.exe

The exe and jar packages must have a digital signature by "Stichting NXT".


Change log:

Full offline transaction signing support.

The purpose of this security feature is to allow users to sign transactions
without ever entering their passphrase on a workstation connected to the
internet, thus avoiding the risk of having their passphrase stolen by locally
installed malware such as key loggers or copy/paste loggers, or malicious
plugins.

As a prerequisite to using this feature, users should setup two workstations:

(1) online with up to date blockchain, on which transactions will be prepared;

(2) offline with Java and NXT installed, but without internet connection, and
without needing to have up to date blockchain, on which transactions will be
signed.

The nxt.isOffline=true parameter can be used on the offline machine to make
sure it doesn't even try to connect to peers or to listen on the peer port.

In addition, users should prepare either a web camera to scan QR codes, or a
USB stick to copy data between the workstations.

The following procedure should be followed:

On the online workstation - users can create a transaction without entering
their passphrase. Click on the "advanced" link, check the "Do Not Broadcast"
option, and then check the newly added "Do Not Sign" option that appears.
When "Do Not Sign" is checked, the passphrase field is cleared and disabled.

If the account submitting the transaction does not yet have its public key
announced, a separate input field appears, to allow entering the public key.

In response, the server returns the unsigned transaction JSON, and in case
there are no message attachments to be encrypted, also the unsigned
transaction bytes.

The client now displays the "Raw Transaction Details" modal with the unsigned
transaction JSON, and the unsigned transaction bytes (including a QR code
representing them), if those exist.

The unsigned transaction bytes do not include the prunable attachments,
however they can still be used for signing the transaction, and also for
broadcasting the transaction in case no prunable attachments exist.

Users can transfer the unsigned transaction bytes to the offline workstation
by scanning the QR code, or download the unsigned transaction JSON to a file
by clicking the download icon, and transfer it using a USB stick to the
offline workstation.

On the offline workstation - users should use the "Transaction Operations"
modal, "Sign Transaction" tab, to sign the unsigned transaction JSON, which
can be uploaded from a file.

In response, a signature field is displayed, with a QR code, and also the
signed transaction JSON which users can save to a file for transferring back
to the online workstation.

Back on the online workstation, users can scan the signature QR code into the
"Raw Transaction Details" modal signature field, and broadcast the
transaction. Alternatively, they can use the "Broadcast Transaction" tab of
the "Transaction Operations" modal to broadcast the transaction JSON copied
from the offline workstation.

A command line tool, sign.sh, has been provided, for signing transaction JSON
without needing to even have an Nxt server or a browser running.

Note that when the transaction to be signed includes a message to be encrypted,
the encryption is also performed on the offline workstation. However, when
generating the unsigned transaction JSON on the online workstation, if using
a remote node, the plain text content of the message must be sent to this node
in order for it to prepare the transaction JSON. Therefore, use a local
installation when preparing encrypted messages for offline signing, if the
content of the message is sensitive.

All tabs in the "Transaction Operations" modal that have both bytes and json
input fields need to have only one of them filled. If in doubt, using the json
is preferred, as it will work for all transactions. The bytes format is still
accepted, when possible, for backwards compatibility, and for transferring
using QR codes (as the json cannot fit in a QR representation).


Other changes:

The signTransaction API now also returns the full signed transaction JSON.

The calculateFullHash API now also accepts unsignedTransactionJSON parameter.

Added getLastTrades and getLastExchanges API, accepting a multivalue asset,
respectively currencies parameter, and returning an array containing the last
trade or exchange for each of those assets or currencies.

Added fullHashToId utility API.

Display warning when trying to issue an asset or currency with less than 2
or more than 6 decimals.

Display total value of currencies owned on dashboard. Set default leasing
period to the maximum allowed (32767) in the UI. Other UI improvements.

Updated jetty to version 9.2.13. If unpacking on top of existing installation,
delete the lib subdirectory first.


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full member
Activity: 315
Merit: 103
The thing I'm really so excited and proud of is the distributed community voting on Nxthacks Hackathon results: https://nxtportal.org/polls/8316013305858322997
legendary
Activity: 1205
Merit: 1000
ESMA (European Securities and Markets Authority) publishes responses for Nxt Cryptocurrency. Pretty cool!  Shocked



Read the full report here: http://www.esma.europa.eu/system/files/esma_report._mr_lopez._spain._0.pdf

legendary
Activity: 1736
Merit: 1001

Thanks... it would be nice if the wales would put out a bit more buy support for NSC. Selling them for 1 NXT really isn't much of an incentive to forge.
hero member
Activity: 600
Merit: 500
Nxt-kit developer
legendary
Activity: 1540
Merit: 1000
Guys, some buzz could be around that very soon: https://rya.nc/defcon-brainwallets.html (http://www.wired.com/2015/07/brainflayer-password-cracker-steals-bitcoins-brain/). Please note Nxt is totally safe against precomputation attacks since mid-2014(that's why PK announcement is needed for a new account). So no worries, and use long passphrases(35 chars at least as highly recommended by the wallet).
https://rya.nc/cracking_cryptocurrency_brainwallets.pdf
full member
Activity: 315
Merit: 103
Guys, some buzz could be around that very soon: https://rya.nc/defcon-brainwallets.html (http://www.wired.com/2015/07/brainflayer-password-cracker-steals-bitcoins-brain/). Please note Nxt is totally safe against precomputation attacks since mid-2014(that's why PK announcement is needed for a new account). So no worries, and use long passphrases(35 chars at least as highly recommended by the wallet).
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Has anybody still coins on bter.com?

I think it's time to get out there! Seems to me that they are pulling a Mt.Gox.

https://bitcointalksearch.org/topic/annexchange-btercom-android-app-deposit-btsx-nowtweets-by-btercom-280806

Hm, when i read the last page of their thread then i tend to agree. Though bitfinex.com had some problems too in their thread in the last weeks. Though nothing with hacked was mentioned.

Im not sure how big the problem is. Wonder if i should short bitcoins.
legendary
Activity: 1554
Merit: 1000
So what's the long-term target price for NXT? Marc de Mesel says 1 dollar or more, but how much more  Huh
Price seems to be determined by nxt early adopter whales, of late. Liquidation still in progress, me thinks.  Undecided
tyz
legendary
Activity: 3360
Merit: 1533
Well, nobody knows. it is pure speculation. But if crypto currencies will have a breakthrough 1 billion market cap - Dollar / Nxt parity - for Nxt is simply possible. And it would be only one third of current bitcoin market cap. So there is much space to rise.

So what's the long-term target price for NXT? Marc de Mesel says 1 dollar or more, but how much more  Huh
hero member
Activity: 658
Merit: 500
Update from release 1.5.12 to 1.5.14 is extremely slow. Waiting to complete for 3 hours now !

Maybe you are downloading a complete new blockchain. When you're using windows, please check the location of the database folder. It changed to the user's AppData folder in recent releases.

No, I use my old blockchain, the location is the same as before (portable version with my own data folder).

Then it's this, from 1.5.13 release note:

Quote
This release will perform a rescan on first start.

Thank you, then it is clear. But the blockchain download is very slow too:

INFO: Downloaded 719 blocks in 2137 s

I think it's not usual ?

You should download the entire blockchain from NXT Peerexplorer, then insert it into your DB folder.

It gets explained on peer explorer step by step.


Tried to do so for a while. Impossible atm:

Error (429)
This account's public links are generating too much traffic and have been temporarily disabled!

I'll try it later again, thank's for help!
legendary
Activity: 1540
Merit: 1000
Update from release 1.5.12 to 1.5.14 is extremely slow. Waiting to complete for 3 hours now !

Maybe you are downloading a complete new blockchain. When you're using windows, please check the location of the database folder. It changed to the user's AppData folder in recent releases.

No, I use my old blockchain, the location is the same as before (portable version with my own data folder).

Then it's this, from 1.5.13 release note:

Quote
This release will perform a rescan on first start.

Thank you, then it is clear. But the blockchain download is very slow too:

INFO: Downloaded 719 blocks in 2137 s

I think it's not usual ?

You should download the entire blockchain from NXT Peerexplorer, then insert it into your DB folder.

It gets explained on peer explorer step by step.

you can download blockchain Nxt here, it is fast so fast Smiley  http://www.peerexplorer.com/
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