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Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 245. (Read 941261 times)

sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
sr. member
Activity: 364
Merit: 250
☕ NXT-4BTE-8Y4K-CDS2-6TB82
Hi all, What is the procedure here if the wallet isn't syncing?

Sounds strange. I suggest waiting. Actually there are some well-known peers in the database to be used.
full member
Activity: 172
Merit: 100
Hi all, What is the procedure here if the wallet isn't syncing?
legendary
Activity: 1092
Merit: 1010
NEW RELEASE: NRS v1.4.2e

https://nxtforum.org/nrs-releases/nrs-v1-4-2e/

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 1.4.2e

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.2e.zip

sha256:

85d5a5dc18a4ab603657da4cf77d39aa31e723e11971f0cdecf77c128a0ef420  nxt-client-1.4.2e.zip


Change log:

Additional validations of Monetary System transactions, and bugfixes
in existing validations.

Allow setting a different file as default page for the API server,
in nxt.apiWelcomeFile, default index.html.

Bugfixes in processing decimal point conversions in the UI, affecting
MS and AE transactions.

Bugfixes in currency minting and in MintWorker. The mint dialog has been
removed, you can mint using the mint worker utility or manually submit a
currencyMint transaction from the test page.

Fixed the UI issue of client not responding after submission of certain
MS transactions.

Fixed duplicate transactions on the dashboard UI issue.

The link to the founders table has moved from the currencies table to the
transaction info dialog. Other Monetary System UI improvements.

Improved peer networking to run the sending of blocks and transactions
to peers in a background thread.

This release will force a rescan on testnet only, deleting blocks after
159306.


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legendary
Activity: 1190
Merit: 1001
Offline signing released, happy if people would play with it.

https://nxtforum.org/index.php?topic=7073.0



Great! I have been waiting this improvement for ages  Cheesy
member
Activity: 76
Merit: 10
If i have e.g. 10 000 nxt on my account and i let it leased for the pool for forging and then i obtain more nxt, so i will have 20 000 on my account, the leased balance will be 10 000 or 20 000 ?
Another words - if increases the balance of my account it will automatically increase my forging power or i must send leasing requirement again?

Because there is written in account "Your account effective balance is leased", but it is not truth, as i see in status on nxt pool, there is displayed only my old balance for forging, although it increased (and has 1440+ confirmations yet of course).
full member
Activity: 147
Merit: 100
Offline signing released, happy if people would play with it.

https://nxtforum.org/index.php?topic=7073.0

legendary
Activity: 1225
Merit: 1000
We from oVPN.to accept NXT as payment option for our anonymous services!

You can find us at NXT-marketplace with following Product-IDs:
2352136418193016129 + 8240767489465241080 + 5450272334112691112 + 7887146878967318103 + 14094421253689918560

Check it out!

Best Regards
MrNice
oVPN.to


sounds good. Nice to see products like these on the marketplace.
legendary
Activity: 1736
Merit: 1001
Cross post from https://nxtforum.org/mynxt-info/announcing-mynxt-plugins-and-first-plugin-nxt-assets/

Quote
Announcing the MyNXT Plugin system.

After months in development, I am happy to announce this cool new feature for the MyNXT Wallet. Any developer can now create plugins in MyNXT and offer them (paid or free) to the MyNXT users (approaching 15k accounts). All plugins need to be open source, and they are verified by us before becoming available.

Plugins are listed in an App Store style section of the online wallet, where any user can browse and install any plugin that they like.

The first plugin has been developed by us, and it's an NXT Asset Plugin. It comes in two flavors: Basic and Pro. The Basic is free and allows users to check assets and transfer assets in and out of their account. The pro is paid, but costs just a symbolic 5 NXT (as a launch promotion, price may go up later), and it offers the same features as the basic plugin, plus buy and sell assets capabilities.

We are inviting developers to register and create plugins, this is a good opportunity for everyone. We hope that this will enable lots of exciting and creative apps which will make NXT even more attractive and user friendly. We are looking forward to hearing about ideas for plugins, even if you are not a developer, let everyone know what you would like to see and perhaps we can find someone interested in building it (we may even build it ourselves)!

The system is already live. Take a look at it by logging into your wallet account and clicking in Plugins in the left menu. We sincerely hope you enjoy it and are looking forward to comments and feedback

Launch Video: http://youtu.be/hukyPgb5E5s
Online wallet: https://wallet.mynxt.info

Enjoy!

Nice work. For this I have funded my wallet and will be buying the Asset Pro plugin to show my support.
member
Activity: 116
Merit: 10
We from oVPN.to accept NXT as payment option for our anonymous services!

You can find us at NXT-marketplace with following Product-IDs:
2352136418193016129 + 8240767489465241080 + 5450272334112691112 + 7887146878967318103 + 14094421253689918560

Check it out!

Best Regards
MrNice
oVPN.to
hero member
Activity: 750
Merit: 500
www.coinschedule.com
Cross post from https://nxtforum.org/mynxt-info/announcing-mynxt-plugins-and-first-plugin-nxt-assets/

Quote
Announcing the MyNXT Plugin system.

After months in development, I am happy to announce this cool new feature for the MyNXT Wallet. Any developer can now create plugins in MyNXT and offer them (paid or free) to the MyNXT users (approaching 15k accounts). All plugins need to be open source, and they are verified by us before becoming available.

Plugins are listed in an App Store style section of the online wallet, where any user can browse and install any plugin that they like.

The first plugin has been developed by us, and it's an NXT Asset Plugin. It comes in two flavors: Basic and Pro. The Basic is free and allows users to check assets and transfer assets in and out of their account. The pro is paid, but costs just a symbolic 5 NXT (as a launch promotion, price may go up later), and it offers the same features as the basic plugin, plus buy and sell assets capabilities.

We are inviting developers to register and create plugins, this is a good opportunity for everyone. We hope that this will enable lots of exciting and creative apps which will make NXT even more attractive and user friendly. We are looking forward to hearing about ideas for plugins, even if you are not a developer, let everyone know what you would like to see and perhaps we can find someone interested in building it (we may even build it ourselves)!

The system is already live. Take a look at it by logging into your wallet account and clicking in Plugins in the left menu. We sincerely hope you enjoy it and are looking forward to comments and feedback

Launch Video: http://youtu.be/hukyPgb5E5s
Online wallet: https://wallet.mynxt.info

Enjoy!
legendary
Activity: 1092
Merit: 1010
I would like to point everyone to this original research done by Alexander Chepurnoy on PoS and specifically the "Nothing at Stake" problem.


is this kushi?
[/quote]

Yes, it is. I just felt it was better to use his real name so people can check out his credentials.  Smiley
hero member
Activity: 574
Merit: 500
Yes, it is. He also works with andruiman in this research.
hero member
Activity: 493
Merit: 500
I would like to point everyone to this original research done by Alexander Chepurnoy on PoS and specifically the "Nothing at Stake" problem.
[/quote]


is this kushi?
legendary
Activity: 1092
Merit: 1010
I would like to point everyone to this original research done by Alexander Chepurnoy on PoS and specifically the "Nothing at Stake" problem.

For more PoS research articles, please go to http://chepurnoy.org/ and https://github.com/ConsensusResearch

Quote from: Alexander Chepurnoy
Paper on different attacks related to multibranching forging is published by Consensus Research https://github.com/ConsensusResearch/articles-papers/blob/master/multistrategy/multistrategy.pdf

TL/DR version and consequences:

- multibranch forging gives measurable possibility to earn more fees. I guess Nxt should not ignore it in long-term as the profitable activity will be implemented by somebody sooner or later

- there's no long-range attack against a blockchain V. Buterin described, only short-range. The short-range attack doesn't allow double-spending but gives multibranching forger possibility to earn more fees in singlebranch environment by producing few blocks in a row. However producing few blocks in a row could be an issue too (e.g. evil forger may postpones orders submissions etc) but not critical at the moment.

- not explicitly stated in the paper but easily derived, a long delay between blocks not only annoying but also a security problem as it's the moment for short-range attack could happens

- we have formally defined nothing-at-stake attack(again, using Buterin's informal definition) and made initial simulations. We haven't included their results in paper as they are seems to be too raw, but I can reveal them here: N@S attack could happens only in short-range, e.g. for within 20 blocks for 10% stake, so with 30 confirmations we haven't observed the successful attack. Also please note the attack has pretty unpredictable nature for attacker, so he can hardly enforce it, even in theory(in practice it's even harder to get it done properly). The correlation with stake size is still the open question, but it's nearly impossible to attack a proof-of-stake currency with "1% stake even" as stated by Buterin

- the N@S simulation tool is published also https://github.com/ConsensusResearch/MultiBranch  so feel free to make your own experiments
legendary
Activity: 1092
Merit: 1010
don´t understand  Sad

Sorry, Daedelus is correct.
I was posting and researching a lot about the new feature Monetary Systems that I got it mixed up with you pooling  Cheesy

Apologies for your confusion and congrats on your first forged Nxt Smiley
hero member
Activity: 574
Merit: 500
which way will i obtain profit from lease balance - pool will send me automatically each week ?

With the nxtcrypto pool you need to send a message:

Quote
To claim your earnings, simply send an AM (can be empty or put whatever you want in there) to the pool account 1460178482 and after this AM has 1440 comfirmations, your confirmed earnings will be sent to you, minus NXT transfer fee.

http://pool.nxtcrypto.org/howto.html

You can do this easily within your client by sending an empty message to account NXT-K5KL-23DJ-3XLK-22222 (which is account 1460178482)

ok, thank
so i should send AM before my leasing time time run out or after my leasing period expire



Any time is fine.
They will send the funds when you want even when your lease time has expired Smiley

Do remember that it will take 1440 blocks for them to send this, that's about 1,5 days.

i already earned 0.01 nxt = it´s 0.0001517263707174008 $
It looks promising

Remember that the same with electricity and normal mining, you also have a cost of 1 nxt per minted coin in transaction fees!
So you will need to calculate the minting unit well  Smiley

https://bitbucket.org/JeanLucPicard/nxt/issue/207/mint-worker-utility

Quote
Additional Best practices
Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
Always start by minting 1 unit per mint and observe the log messages printed by the mint worker. Look at the hash rate and the number of seconds per transactions. Adjust the nxt.mint.unitsPerMint setting so that the mint worker solves no more than one hash per hour but also consider that a single mint cannot mint more than 1/10000 of the total unit supply.


I think this is mixing up two things.


It appears Picasso is leasing his forging balance to ForkedChain/OpticalCarriers Forging pool, pool.nxtcrypto.org. You do need to account for 1 NXT fee to lease to the pool and 1 NXT fee to have your forged balance sent back to you. So there is a floor amount of Nxt where below which you would make a (tiny ~2NXT) loss even after leasing, as you don't make enough to cover the transaction fees.


The mint utility worker is the 'mining rig' of the mintable bit of Monetary System. I think you only use the mint worker utility if you want to POW a MSCoin. It is a stop gap >>> "We hope that in the future 3rd party developers will adapt this utility for use with CPUs, GPUs and Asics to optimize the hashing performance."
member
Activity: 76
Merit: 10
don´t understand  Sad
legendary
Activity: 1092
Merit: 1010
which way will i obtain profit from lease balance - pool will send me automatically each week ?

With the nxtcrypto pool you need to send a message:

Quote
To claim your earnings, simply send an AM (can be empty or put whatever you want in there) to the pool account 1460178482 and after this AM has 1440 comfirmations, your confirmed earnings will be sent to you, minus NXT transfer fee.

http://pool.nxtcrypto.org/howto.html

You can do this easily within your client by sending an empty message to account NXT-K5KL-23DJ-3XLK-22222 (which is account 1460178482)

ok, thank
so i should send AM before my leasing time time run out or after my leasing period expire



Any time is fine.
They will send the funds when you want even when your lease time has expired Smiley

Do remember that it will take 1440 blocks for them to send this, that's about 1,5 days.

i already earned 0.01 nxt = it´s 0.0001517263707174008 $
It looks promising

Remember that the same with electricity and normal mining, you also have a cost of 1 nxt per minted coin in transaction fees!
So you will need to calculate the minting unit well  Smiley

https://bitbucket.org/JeanLucPicard/nxt/issue/207/mint-worker-utility

Quote
Additional Best practices
Never set the isSubmitted flag to true unless you are absolutely sure what's you are doing. You may end up paying a lot of fees and spamming the blockchain.
Always start by minting 1 unit per mint and observe the log messages printed by the mint worker. Look at the hash rate and the number of seconds per transactions. Adjust the nxt.mint.unitsPerMint setting so that the mint worker solves no more than one hash per hour but also consider that a single mint cannot mint more than 1/10000 of the total unit supply.
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