Author

Topic: NXT :: descendant of Bitcoin - Updated Information - page 2252. (Read 2761644 times)

hero member
Activity: 492
Merit: 500
As far I understand it there is no incentive to run a node in next? What keeps me from installing 1000 nodes and doing a 51% attack? In Bitcoin there is the expensive POW but how does the nxt network gets secured?

You need to *own* NXT to be able to forge it and the more that you own the more power you have to "forge" so your 1000 (or 100,000) nodes won't be of any help if they don't own any NXT (at least when the Hallmark stuff is in place).


I don't think you need hallmark to protect the network. I'm not sure but hallmarks are just against botnet attacks that try to bring network down and not for someone who wants to fork it via 51%.
legendary
Activity: 1876
Merit: 1000
Quote
NXT was initially brought into circulation by 71 stakeholders who donated a total of 21 Bitcoins in exchange for a stake in the NXT genesis block which generated one billion NXT. In other words, all the NXT has already been mined


one billion NXT
 No thanks... another scamcoin?

so much for peer to peer!  even frc is more democratic
legendary
Activity: 2142
Merit: 1010
Newbie
As far I understand it there is no incentive to run a node in next? What keeps me from installing 1000 nodes and doing a 51% attack? In Bitcoin there is the expensive POW but how does the nxt network gets secured?

What do u wish to achieve by running 1000000 nodes?
legendary
Activity: 1120
Merit: 1000
I'm sorry for asking this again - but I have been stuck at 22962 for hours. I copied the files from the nxtiles.zip but nothing is moving.

I would recommend you don't do this - a decentralized system does not need a centralized blockchain - just stop your client then delete your *.nxt files (and perhaps *.nxt.bak also) and start it again.

It will take a while to update but it should be on the correct chain.


Thanks!
legendary
Activity: 1806
Merit: 1038
... and shortly after that - gets Killed:
Code:
[2013-12-23 17:02:41.420] "blacklistingPeriod" = "300"
[2013-12-23 17:02:41.420] "wakeKharon" = "false"
[2013-12-23 17:02:41.421] "logPeerCommunication" = "false"
[2013-12-23 17:02:41.421] Loading transactions...
[2013-12-23 17:02:43.369] ...Done
[2013-12-23 17:02:43.370] Loading blocks...
[2013-12-23 17:02:46.165] ...Done
[2013-12-23 17:02:46.166] Scanning blockchain...
[2013-12-23 17:02:50.563] ...Done
2013-12-23 17:02:50.595:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppContext@6e7bdb1c{/,file           :/root/nxt/webapps/root/,AVAILABLE}{/root}
2013-12-23 17:02:50.679:INFO:oejs.ServerConnector:main: Started ServerConnector@27c3aecb{HTTP/1.1}{0.           0.0.0:7874}
2013-12-23 17:02:52.296:INFO:oejs.ServerConnector:main: Started ServerConnector@4ffddfc4{SSL-http/1.1           }{0.0.0.0:7875}
2013-12-23 17:03:34.183:WARN:oejh.HttpParser:qtp1313211444-63: badMessage: java.lang.IllegalStateException: too much data after closed for HttpChannelOverHttp@5bc2832e{r=5,a=IDLE,uri=-}
Killed
hero member
Activity: 492
Merit: 500
Does anybody know how the consensus works in next?

The same as in Bitcoin.

As far I understand it there is no incentive to run a node in next? What keeps me from installing 1000 nodes and doing a 51% attack? In Bitcoin there is the expensive POW but how does the nxt network gets secured?

You would have to buy 51% of coins and then you would be attacking yourself me thinks.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
As far I understand it there is no incentive to run a node in next? What keeps me from installing 1000 nodes and doing a 51% attack? In Bitcoin there is the expensive POW but how does the nxt network gets secured?

You need to *own* NXT to be able to forge it and the more that you own the more power you have to "forge" so your 1000 (or 100,000) nodes won't be of any help if they don't own any NXT (at least when the Hallmark stuff is in place).
legendary
Activity: 1806
Merit: 1038
my 0.4.0 VPS constantly gets bad Messages shortly after the launch of the java:
Code:
[2013-12-23 17:00:25.132] "logPeerCommunication" = "false"
[2013-12-23 17:00:25.132] Loading transactions...
[2013-12-23 17:00:26.260] ...Done
[2013-12-23 17:00:26.261] Loading blocks...
[2013-12-23 17:00:27.504] ...Done
[2013-12-23 17:00:27.504] Scanning blockchain...
[2013-12-23 17:00:29.568] ...Done
2013-12-23 17:00:29.588:INFO:oejsh.ContextHandler:main: Started o.e.j.w.WebAppCo           ntext@363affc0{/,file:/root/nxt/webapps/root/,AVAILABLE}{/root}
2013-12-23 17:00:29.622:INFO:oejs.ServerConnector:main: Started ServerConnector@           5de422ef{HTTP/1.1}{0.0.0.0:7874}
2013-12-23 17:00:30.234:INFO:oejs.ServerConnector:main: Started ServerConnector@           1d305c92{SSL-http/1.1}{0.0.0.0:7875}
2013-12-23 17:02:12.982:WARN:oejh.HttpParser:qtp197871000-14: badMessage: java.l           ang.IllegalStateException: too much data after closed for HttpChannelOverHttp@26           57ea6a{r=3,a=IDLE,uri=-}
2013-12-23 17:02:25.698:WARN:oejh.HttpParser:qtp197871000-34: badMessage: java.l           ang.IllegalStateException: too much data after closed for HttpChannelOverHttp@50           57f334{r=1,a=IDLE,uri=-}
2013-12-23 17:02:25.883:WARN:oejh.HttpParser:qtp197871000-13: badMessage: java.l           ang.IllegalStateException: too much data after closed for HttpChannelOverHttp@3e           200421{r=1,a=IDLE,uri=-}
2013-12-23 17:04:02.646:WARN:oejh.HttpParser:qtp197871000-34: badMessage: java.lang.IllegalStateException: too much data after closed for HttpChannelOverHttp@64898d3d{r=1,a=IDLE,uri=-}
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
I'm sorry for asking this again - but I have been stuck at 22962 for hours. I copied the files from the nxtiles.zip but nothing is moving.

I would recommend you don't do this - a decentralized system does not need a centralized blockchain - just stop your client then delete your *.nxt files (and perhaps *.nxt.bak also) and start it again.

It will take a while to update but it should be on the correct chain.
full member
Activity: 197
Merit: 100
Does anybody know how the consensus works in next?

The same as in Bitcoin.

As far I understand it there is no incentive to run a node in next? What keeps me from installing 1000 nodes and doing a 51% attack? In Bitcoin there is the expensive POW but how does the nxt network gets secured?
legendary
Activity: 2142
Merit: 1010
Newbie
Quote
Just keep it running, ur node will push blocks and transactions.

Even if there is no account number?  Can I get an account number without running the GUI client?

Quote
Chose bandwidth for private node and RAM+bandwidth for public one.

Is it better to set up 10 nodes at $10/month or 1 node at $100/month?

Account number doesn't matter. Use http://localhost:7874/nxt?requestType=getAccountId&secretPhrase=123 to get account id.

I would say that 10 x 10$ is better.
legendary
Activity: 1470
Merit: 1004
Next is apparently still broken. I already see people writing about "THE NEXT SCAM".


The only thing that has changed about NXT since yesterday is that it was heavily attacked.   Angry


Also, another thing that has changed is an influx of people setting up nodes left and right making the network stronger!

If a payment network can not sustain an attack it is worthless.

Does anybody know how the consensus works in next?

Yes, this is a good thing for the dev to experience while in beta, will help them prepare for more attacks in the future.
legendary
Activity: 1470
Merit: 1004
Oh okay, all of the transactions were actually forged block rewards from yesterday.

U was forging on a shorter chain and after blockchain reorg ur blocks became orphaned.

Okay, thanks.
legendary
Activity: 1120
Merit: 1000
I'm sorry for asking this again - but I have been stuck at 22962 for hours. I copied the files from the nxtiles.zip but nothing is moving.
legendary
Activity: 1372
Merit: 1000
Quote
Just keep it running, ur node will push blocks and transactions.

Even if there is no account number?  Can I get an account number without running the GUI client?

Quote
Chose bandwidth for private node and RAM+bandwidth for public one.

Is it better to set up 10 nodes at $10/month or 1 node at $100/month?
legendary
Activity: 2142
Merit: 1010
Newbie
Hello.

I have one question related to transaction for sending nxt or registering aliases what happends if
the transaction is sent but afterwards the client(server) is closed or disconected from the
network before the end of the deadline?
Does the NRS needs to be connected to the network the whole time until the
the end of the deadline for the transaction to be successfull?!

Thanks.

NRS doesn't need to be connected to the network the whole time.
legendary
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Well, I have just checked. My client got the whole blockchain from the scratches and this took ~20 minutes. Would take less if there were not so many "connection timeout" errors.

Now we are at least talking about a "decentralized" network (I would not recommend people to use the blockchain downloads).

My node isn't quite up to date yet but does seem to be making good progress (a very good thing) - far better to know that your node knows the correct chain.
legendary
Activity: 2142
Merit: 1010
Newbie
Does anybody know how the consensus works in next?

The same as in Bitcoin.
legendary
Activity: 2142
Merit: 1010
Newbie
Oh okay, all of the transactions were actually forged block rewards from yesterday.

U was forging on a shorter chain and after blockchain reorg ur blocks became orphaned.
newbie
Activity: 8
Merit: 0


Each and every thing that one might type in that field will always lead you back to the same account if it were retyped.   Cool

So far so good but whats the "click to authorize on third party website" bit?  Do I need to type in a particular website in the field? And what do I do (if anything) with the token it generates?

Apologies for all the questions haha
Jump to: