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Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 234. (Read 941261 times)

sr. member
Activity: 351
Merit: 250
Does Automated Transactions finally goes live on NXT?
It is marked as In Development.
AT is finished as a project and for NXT so far it doesn't considered to be a part of it.

Yeap... until v1.6 at least AT is not considered to get into NXT as a core dev said
member
Activity: 63
Merit: 10
I'm really excited for Voting and Phasing. It's amazing how many tools Nxt provides. It's hard to imagine things you couldn't do with all of Nxt's features. Cheesy

early tests of nxts voting system are very good. Being able to poll all of nxt, all asset shareholders, or all holders of an ms currency for just 10 nxt is a pretty cool thing.
hero member
Activity: 574
Merit: 500
Quote
“What is the value of $10?”, the teacher asked his class. “$10, of course”, a student responded quickly...

What is the value of 10 NXTs?
http://nxter.org/the-value-of-10-nxts/


That would be a good subject for its own thread  Grin
newbie
Activity: 47
Merit: 0
Quote
“What is the value of $10?”, the teacher asked his class. “$10, of course”, a student responded quickly...

What is the value of 10 NXTs?
http://nxter.org/the-value-of-10-nxts/
hero member
Activity: 574
Merit: 500
Remember there is the [NXT] The Nxt Technology Tree thread too...

https://bitcointalksearch.org/topic/nxt-development-discussion-the-dev-plan-that-keeps-on-delivering-831202

...which attempts to keep tabs on what is coming out when in the OP, with some technical Q&A in the body.
sr. member
Activity: 392
Merit: 250
I can't think of any other altcoin with such a constant develoment. One year and still in full steam.
full member
Activity: 226
Merit: 100
I'm really excited for Voting and Phasing. It's amazing how many tools Nxt provides. It's hard to imagine things you couldn't do with all of Nxt's features. Cheesy
hero member
Activity: 574
Merit: 500
Lot of people are mining Egold on the monetary system

How many have been mined? I think the difficulty goes up after ~450,000 coins have been mined.


In future you will be able to shuffle Nxt via Monetary System to gain anonymity:

Code:
Sell Nxt for Coin1 > Shuffle Coin1 > Sell Coin1 for Nxt


You could add as many extra cycles through other MSCoins as you want for extra anonymity:

Code:
Sell Nxt for Coin1 > Shuffle Coin1 > Sell Coin1 for Coin2 > Shuffle Coins2>  Sell Coin2 for Nxt


All on a decentralized exchange. Not bad  Grin


I think Coin Shuffling will be v1.7 or 1.8. But don't quote me. Voting and Phasing are planned to be first.
sr. member
Activity: 392
Merit: 250
Lot of people are mining Egold on the monetary system
full member
Activity: 239
Merit: 250
mofowallet.org no longer works? Undecided
member
Activity: 63
Merit: 10
Interested
legendary
Activity: 1092
Merit: 1010
Hey guys

We added NXT to out Altcoin NEWS and INFO Portal @satoshis.guru

Have a look!

Now with Price Stats

http://www.satoshis.guru/home/coin-info/next/

http://www.satoshis.guru/home/coin-info/next/graphs-next/


greetz


Thank you for adding us Smiley
newbie
Activity: 47
Merit: 0
2 phased transactions... > Phasing.

https://nxtforum.org/general/2-phased-transactions-post-implementation-specification/?PHPSESSID=1k01689br8d63j4hu2ats0ggs0

In a line: "Two-Phased Transactions is multisig transactions implementation in Nxt but much more powerful."

Voting and Phasing are going to be awesome! =)

Voting especially combined with assets and the monetary system, where shareholders can vote according to the sum of their holdings. Very powerful tool
hero member
Activity: 574
Merit: 500
2 phased transactions... > Phasing.

https://nxtforum.org/general/2-phased-transactions-post-implementation-specification/?PHPSESSID=1k01689br8d63j4hu2ats0ggs0

In a line: "Two-Phased Transactions is multisig transactions implementation in Nxt but much more powerful."
sr. member
Activity: 330
Merit: 250
So, what's planned for the next major (1.5) release?

1.5 should include the Voting and Phasing systems



Cool, u guys seem to be doing quite some progress with your dev efforts.
I can imagine voting system (living in a democracy, it's not that hard).
But what's Phasing systems?
legendary
Activity: 1918
Merit: 1001
NXT will prevail..... Grin
hero member
Activity: 515
Merit: 502
So, what's planned for the next major (1.5) release?

1.5 should include the Voting and Phasing systems

legendary
Activity: 1092
Merit: 1010
Well, I only know about Ripple and Bitcoin in more detail...

From top to bottom:
Bitcoin: "Worst case time" is 100 blocks, not 120 (I guess you mean coinbase transactions) - the core client used (maybe still uses?) an additional stop on transaction for 20 more blocks but you can validly spend coinbase transaction outputs after 100 block already.
Unfortunately there are no good public numbers for Ripple transactions per second (well, you can of course parse the numbers yourself), I would guess the current load is about 1 TPS, other numbers seem to be maximum numbers(?). The maximum number for Bitcoin is by the way ~10 TPS (https://en.bitcoin.it/wiki/Maximum_transaction_rate) and since P2SH  is getting more popular, 7 TPS is already not longer an average number any more.
"Anonymous Transactions" - what exactly constitutes this? E.g. you could launder/mix BTC but you'll still see publicly the inputs and outputs.
Bitcoin transactions have variable fees, they are not fixed. Maybe you should write "average" or "minimal" TX fees?
Ripple is not totally free network security wise, you'll at least have to host a server relatively securely. Maybe "no further costs apart from hosting a server"?
Using advanced output scripts, a few of your use cases might be possible with BTC too (e.g. "dividends", depending on what you mean with that) Mastercoin and Counterparty are better designed for that use case though I guess.
"Market Pegged Assets" - More explanation needed
Bitcoin inflation is NOT 10% (well, currently it might be...), it is algorithmic and pre-determined.
User Issued Assets - Depending on your definition of "assets", IOUs on Ripple would also fall into this category
User Registered Accounts - (?)
Encrypted Messaging - Ripple supports a "memo" field, that could be used for this (and other stuff) but it is not exposed in the official client.
Monetary system - (?!)
Alias: DDNS - (?)
Asset Exchange - Again, depending on definitions, Ripple would fit this quite well.
Decentralization - REALLY needs more background and a clear definition what needs to be fulfilled to be considered "decentralized" (e.g. all of these systems are based on central databases that need to be globally consistent)
Marketplace - Difference to "Asset Exchange"?
Transparent Forging - (?)
Cross chain trading support - There are schemes published for Bitcoin already for years. They are not implemented in the reference client though.
Smart leasing - (something like lending on Bitfinex?)
Multisig - In the works for Ripple (https://ripplelabs.atlassian.net/browse/RIPD-182)
Account Control - (?)
Automated Transactions - Please define this further - e.g. a certain transaction can be initiated without anyone signing a transaction (either offline or online), similar to margin calls.
DAC - Buzzword, no definition
Smart Contracts - Ripple Labs is developing https://github.com/codius/codius/, it is running independent from Ripple though, so it could also enforce Bitcoin transactions.
Blockchain Pruning - Ripple's ledger is fully pruned, you can get up and running within minutes at most. History is much larger than on other platforms though. Bitcoin also of course can be pruned and there are patches to do this already available.

All in all - Thanks for this work, it is quite well done. It would really help to have a bit more general and better defined "features" instead of mostly NXT marketing speak that most others of course won't be 100% able to fit into. Also please seperate the native asset/currency from the platform itself. NXT-coins do not have an Asset Exchange, NXT-platform does for example.


Hey, thank you for this!

I will point the people who worked on the chart to look into it and where needed update-correct is.

As to the "marketing-speak", we need to try to minimise that in this chart to a the minimum. In fact, I commissioned it, and one of the points I stressed was that it should not be biased towards Nxt.
It being posted on a Nxt thread makes that difficult enough in itself, of course.

There just wasn't anything like this, at least to my knowledge.
Please keep sending comments (praise can go to for Fatih87SK and Salsacz who made these two and did all the research for them).  Smiley
I myself would really have all this in one place for a change instead of having to hunt all over the place.
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