@redsnow thanks il open an acc on solaris too and test that too.. i havnt used the asset exchange on solaris yet just normal functions
Topic: NXT :: descendant of Bitcoin - Updated Information - page 441. (Read 2761644 times)
@redsnow thanks il open an acc on solaris too and test that too.. i havnt used the asset exchange on solaris yet just normal functions
wesleys webclient isnt it? can someone send me testnxt please? 10201806037510420301
Sent 15K TestNxt , enjoy it
. 
RFC: Parallel Chains concept
Only TL;DR version, coz noone would read a full one.
one Raspberry pi node to forge must be active.
if a raspberry pi node gets forge shares its fee with other Raspberry Pi nodes pointing to the same TPS node. (one of the 1,000 TPS nodes for example "XX" )
note the criteria to limit the power of forging an account 1,000,000 nxt is due to 1440 blocks are generated in a day and therefore the chance is about one day.
if the number of blocks per day for example increase to 14400 per day the criteria to limit the power of forging change to 100,000 nxt account as tantamount to a chance of about one day.
why one day?
because all accounts that they want to forge if they are always active every day receive fees
keeps the interest in forging and maintain the node active everytime
"XX" TPS node forge a slave parallel bloc because power forge depends by Raspberry Pi nodes
can split the fees if a Raspberry pi node gets forge to all Raspberry pi nodes that point to "XX" node in proportion to the amount of funds each node (account) has
can exchange fiat currency
can handle 1000 TPS
what happens if you attack one of the 1,000 nodes?
as the power to forge remains in raspberri pi nodes the network security remains unchanged.
it may happen that momentarily not reached 1,000 TPS
Only TL;DR version, coz noone would read a full one.
Quote
Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
one Raspberry pi node to forge must be active.
if a raspberry pi node gets forge shares its fee with other Raspberry Pi nodes pointing to the same TPS node. (one of the 1,000 TPS nodes for example "XX" )
note the criteria to limit the power of forging an account 1,000,000 nxt is due to 1440 blocks are generated in a day and therefore the chance is about one day.
if the number of blocks per day for example increase to 14400 per day the criteria to limit the power of forging change to 100,000 nxt account as tantamount to a chance of about one day.
why one day?
because all accounts that they want to forge if they are always active every day receive fees
keeps the interest in forging and maintain the node active everytime
Quote
Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
"XX" TPS node forge a slave parallel bloc because power forge depends by Raspberry Pi nodes
can split the fees if a Raspberry pi node gets forge to all Raspberry pi nodes that point to "XX" node in proportion to the amount of funds each node (account) has
can exchange fiat currency
can handle 1000 TPS
what happens if you attack one of the 1,000 nodes?
as the power to forge remains in raspberri pi nodes the network security remains unchanged.
it may happen that momentarily not reached 1,000 TPS
Quote
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Quote
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
I Found a bug in the client 0.8.8 (test)
Why the effective balance is :
"effectiveBalance": -100,
Not a bug, effectiveBalance can be negative.Code:
{
"balance": 100097400,
"effectiveBalance": -100,
"unconfirmedBalance": 100097400
}
"balance": 100097400,
"effectiveBalance": -100,
"unconfirmedBalance": 100097400
}
Why the effective balance is :
"effectiveBalance": -100,
me neither.
Asked also but got no answers to this "virtual debt"
ok i finally have time to test the asset exchange! 
link to where i can download it please?
link to where i can download it please? you can either use Clienxt GUI https://bitbucket.org/fmiboy/clienxt/downloads
or wesleys online client http://nxtra.org/nxt-client/
or nxt solaris from marcus http://nxtsolaris.wordpress.com/
Which idea? Don't know what you are talking about.
http://www.lightspeedmagazine.com/fiction/different-kinds-of-darkness/
That should confuse anyone who came to this thread late.
Which idea? Don't know what you are talking about.
NXT Vs. Bitcoin : Proposed Opening Shot
...
I'll cut to the chase instead of go into a long(er) buildup.
...
I'll cut to the chase instead of go into a long(er) buildup.
It's an interesting idea in a Machiavellian sort-of-way, but I can't support it. Not even for the lulz.
OK, I've withdrawn the idea. Please edit my quote in your post to delete it there too.
RFC: Parallel Chains concept
Only TL;DR version, coz noone would read a full one.
Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
Only TL;DR version, coz noone would read a full one.
Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
I don't quite get how the mainchain collude with the parallel chains. Explain the magic to me, please.
I hope CIYAM is having dinner with his wife because I would like to continue this dialog.
edit: And there he is.
edit: And there he is.
Watching film about Wikileaks now - will be back a little later.
Yeah, get in the mood
[quote removed by xyzzyx]
It's an interesting idea in a Machiavellian sort-of-way, but I can't support it. Not even for the lulz.
I hope CIYAM is having dinner with his wife because I would like to continue this dialog.
edit: And there he is.
edit: And there he is.
Watching film about Wikileaks now - will be back a little later.
I hope CIYAM is having dinner with his wife because I would like to continue this dialog.
edit: And there he is.
Ok, so no added bloat but also no added security or what ever to the mainchain? There is no interaction between the main and the parallel chains, it seems (besides this little AM / period)?
Dumb question: What is the difference between NEM and these parallel chains (besides these little AMs)?
edit 2:
Didn't saw your answer, utopian.
Architectural design. NXT parallel chains are dependent on NXT's core design. NEM has a different design. That's what "written from the scratch" means.
edit: And there he is.
Ok, so no added bloat but also no added security or what ever to the mainchain? There is no interaction between the main and the parallel chains, it seems (besides this little AM / period)?
Dumb question: What is the difference between NEM and these parallel chains (besides these little AMs)?
edit 2:
Didn't saw your answer, utopian.
Architectural design. NXT parallel chains are dependent on NXT's core design. NEM has a different design. That's what "written from the scratch" means.
NXT Vs. Bitcoin : Proposed Opening Shot
I want to share a crazy idea I've had and get some feedback. Humor me here, please.
I want to share a crazy idea I've had and get some feedback. Humor me here, please.
1. You posted it here. It will backfire from the whole crypto world on us.
2. Cryptoworld is small. We should be in this together fighting to be big.
Agreed - don't go there - "people in glass houses should not throw stones" (PoS is a game of chance also - maybe you have misunderstood how Nxt works).
RFC: Parallel Chains concept
Only TL;DR version, coz noone would read a full one.
Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
Only TL;DR version, coz noone would read a full one.
Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day.
Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.
Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.
Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service - the business they love to do. NXTs become "tokens", users buy them for fiat to spend for fees, it's similar to prepaid coupons/tickets for provided services.
Finally, after some thought, I believe the idea of CfB is compatible with the idea below. but with some adjustement.
I like the idea of parallel blockchain.
On one "fast" Blockchain:
- By limiting forging power to 1M nxt, we can ensure that at least 1000 fast nodes can manage TF with high TPS. Transaction that have to happen really fast (AM, important transaction, etc.) can take place on such blockchain. High premium quality hardware would be needed to ensure the stability of this blockchain.
On another "regular" Blockchain (there can be more than one):
- Transaction that don't require to be fast can unload the "fast" blockchain for which rasberrypi could be use to secure the network.
As long as in the client, the user can choose on which blockchain to broadcast his desired transaction (different cost associated to broadcasting depending one the quality of the hardware supporting the blockchain), then high TPS could happen within the nxt network if the user decide to use "fast" premium quality network for specific important transaction.
What do you think?
On one "fast" Blockchain:
- By limiting forging power to 1M nxt, we can ensure that at least 1000 fast nodes can manage TF with high TPS. Transaction that have to happen really fast (AM, important transaction, etc.) can take place on such blockchain. High premium quality hardware would be needed to ensure the stability of this blockchain.
On another "regular" Blockchain (there can be more than one):
- Transaction that don't require to be fast can unload the "fast" blockchain for which rasberrypi could be use to secure the network.
As long as in the client, the user can choose on which blockchain to broadcast his desired transaction (different cost associated to broadcasting depending one the quality of the hardware supporting the blockchain), then high TPS could happen within the nxt network if the user decide to use "fast" premium quality network for specific important transaction.
What do you think?
Parallel blockchains, same NXT tokens?
EDIT: sorry did not understand question at first. Yes, with SAME nxt tokens or coins on the various blockchain.
If using same nxt token required atomic blockchain transaction and is to complicated to be implement (it might be even slow as some stated). It might be simple to use different currency on the different blockchain, BUT as long as for the user in the GUI client $everything is denominated in NXT unit$ so that in the end, the user don't see the technical details of different currency for different blockchain. That would be attractive and possible I think. The price to broadcast something will then always be some amount of nxt.
As CfB state, "The market balances TPS rate." so the amount of NXT require to broadcast transaction on specific slave Blockchain would depend on the "quality of the slave chain" (i.e. the quality of the hardware supporting it)
is that make sense?
saw this https://bitcointalksearch.org/topic/annhuc-huntercoin-worlds-first-decentralized-gameworld-on-the-blockchain-435170 thought of the game thats going to be built on top of nxt.. will people playing the game automatically be forging?? can you have some of the fees go to the game so by playing you can win/earn coins? seems like a good idea these guys have?
you will be using another monetary systems - gaming currencies - built on top of the Nxt... gamers dont care about forgingok, could you not set it so it forges automatically in the background while playing?.. since it takes so little power they wont even notice or care if they are forging?
You want to secure the network with it. Just say it
Could be an option.
[Deleted]
I Found a bug in the client 0.8.8 (test)
Why the effective balance is :
"effectiveBalance": -100,
Not a bug, effectiveBalance can be negative.Code:
{
"balance": 100097400,
"effectiveBalance": -100,
"unconfirmedBalance": 100097400
}Why the effective balance is :
"effectiveBalance": -100,
saw this https://bitcointalksearch.org/topic/annhuc-huntercoin-worlds-first-decentralized-gameworld-on-the-blockchain-435170 thought of the game thats going to be built on top of nxt.. will people playing the game automatically be forging?? can you have some of the fees go to the game so by playing you can win/earn coins? seems like a good idea these guys have?
you will be using another monetary systems - gaming currencies - built on top of the Nxt... gamers dont care about forging Jump to: