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Author Topic: bla bla bla supernet bla bla bla  (Read 3705 times)

wert

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bla bla bla supernet bla bla bla
September 06, 2014, 01:00:09 pm

NXT-MX4G-33RN-MBVK-BPK9D
Spare some change? ^^

Sebastien256

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Re: bla bla bla supernet bla bla bla
September 06, 2014, 01:06:35 pm

haha, this similar to what I fell right now... lol
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

swartzfeger

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Re: bla bla bla supernet bla bla bla
September 10, 2014, 07:48:18 am




So how many tokens did you buy, wert?  :P

wert

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Re: bla bla bla supernet bla bla bla
October 04, 2014, 07:51:54 am

;D
NXT-MX4G-33RN-MBVK-BPK9D
Spare some change? ^^

demallo06

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Re: bla bla bla supernet bla bla bla
March 20, 2015, 04:56:30 pm

Explain it bla bla bla bla bla.

bcdev

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Re: bla bla bla supernet bla bla bla
May 17, 2015, 07:50:45 pm

The SuperNET is a conglomerate of innovative, reliable & decentralized blockchain technologies. Cutting edge trading toolbox & investment stock exchange are built on top of a strong anonymity network.It features a one download application through which users can access any crypto-currencies that wish to join the SuperNET. Similar to centralized crypto-currency exchanges, interested parties must reach out to SuperNET operators or lead community members to have their coin integrated into the software.The suite of technologies popularly known as cryptocurrencies offer significant advantages over fiat currency, including low transaction costs, speed and lack of interference from centralized authorities such as governments, banks and payment processors. Nevertheless, their wide-scale adoption has been hampered for a number of reasons – some of them external to the cryptocurrency world, some internal.One of the major problems has been that cryptocurrency developers and enthusiasts typically adhere to a zero-sum economic worldview: the assumption is that there is a finite amount of money in the system and for one cryptocurrency to succeed, it must be at the expense of others. While this may be true for some fiat markets, it should not be the case at this stage of cryptocurrency’s swift and promising evolution. The result is unnecessary competition between coins and their communities, rather than productive collaboration.A related issue is that while there is remarkable innovation (not least the development of Bitcoin itself), there are also a large number of clone coins that are created with little or nothing to distinguish them from other cryptocurrencies. The sole aim of these is often no more than to enable early adopters to profit at the expense of later ones. These coins – copies at best, outright scams at worst – reduce overall confidence in cryptocurrency and make it difficult for prospective buyers to determine where true value lies.Finally, cryptocurrencies are all traded speculatively as well as being adopted for any intrinsic benefits. Markets can be and are heavily manipulated by large holders, with smaller holders often losing out as a result.Summary of Purpose:Unite disparate cryptocurrencies by fostering collaborationReward innovation, talent and active coin communitiesShare resulting benefits with core members and extend advantages to all cryptocurrenciesBring value to long-term SuperNET participantsSuperNET is to a cryptocurrency what the internet is to a website.It is an integrated trading-house/incubator/software/advertising entity that has a very promising business plan of aggregating users and monetizing the internal and external traffic. All of this is being sold at close to book value to investors.Basically SuperNET will help productive people in crypto to earn revenues from the revenue sharing and also for investors to get a low risk way to participate. 20% of the SuperNET revenues are going back into the contributing coin communities.All the while encouraging and reinforcing unity via technological, financial and social bonds and allow each coin to enhance its own identity and brand as they are cross marketed to all the SuperNET users via context sensitive optimized ad inventory, that is most useful for each user.The trading-house will be a global 24/7 team based trading combined with individual trading based on each traders results.The incubator (NXTventure) provides funding to developers to create software for the SuperNET that enhances the overall monetization, this monetization only being possible when value is created for the user.The software is the sum of all asset companies and cryptocurrencies that are joined together to create the useful services, eg. decentralized trading.The advertising is the total inventory created by all the user minutes interacting with the dynamically generated context sensitive HTML GUI.Owners of SuperNET will be getting dividends from its click revenues.Each asset represents a proportional share of SuperNET. SuperNET has BTC + NXT + BTCD + coins, then the services which will be at least InstantDEX, Teleport, Tradebots and Privatebet.jl777 will own the percentage of SuperNET proportional to jl777's contribution of the InstantDEX, NXTprivacy, NXTcoinsco and Privatebet and the ownership of these assets will generate the base revenue for SuperNET. When more services are added then the click auction will generate more revenues. The details for the monetization are things that can be fine tuned to maximize the usage and this is only achieved with experimentation.Now the revenues from SuperNET (clicks and dividends) will be distributed, half to owners of the asset and the other half to various parties, eg. BTCD stakers, coin communities, people running nodes, etc.InstantDEX is meant to be an easy to use tool for both advance and new users. It can automate exchange and deposit between crypto-currencies for new comers through the use of vanilla tradebots, as well as allow NY stock exchange level complex trades, all under the same platform.The SuperNET already is building the infrastructure to connect cryptocurrencies to fiat currencies, however iDEX is focused particularly on the exchange of participating first crypto-coins.Among its calls to fame, it will allow for the submission of bids and asks as well as their cancellation at no cost.If an offer that is too far from current market prices is set, than it will wait in the market maker order book until a MMatrix node pics it up.The ability to make instant decentralized exchanges between crypto-currencies is enabled by an ecosystem of technologies including the Multigateway, MMatrix nodes, Ramchains, Finhive (Skynet) as well as BitcoinDark and NXT.To be able to have instant exchanges, without losing 5 to 20 % on trades (such as is currently the case in the NXT AE). high amounts of transactions per time intervals are needed. This is very difficult to do if all participating coins are trading against each other.For example, Dogecoin to Blackcoin trades might be far less likely than Dogecoin to Bitcoin trades, and Blackcoin to Bitcoin trades.In the above example, Bitcoin would be considered the 'index' currency, such as is the US dollar in the foreign exchange markets and the DOW Jones in NY's stock exchange.In the case of SuperNET, there will be two index currencies which will serve as two sides of the same coin.On the cryptocurrency and privacy side of things is BitcoinDark. All exchanges between non NXT-asset, cryptocurrencies will be traded for BTCD first and then to the intended coin. This will be done automatically and in the background. Enabling BitcoinDark's privacy features will come at an extra albeit negligible cost.On the NXT asset exchange side of things will be JLH (JL777hodl), an NXT asset which will function as reference exchange for theNXT AE side trades.To enable 1:1 convertibility between NXT coin assets and cryptocurrencies, such as BTC and mgwBTC, the Multigateway was created. This is a server technology that allows 3 parties or more to each host a node solely responsible for signing their share of multisignature withdraws.Users deposit to multisignature addresses. Transactions are validated by the corresponding blockchains and then deposited to the MGW server clusters. MGW then releases the corresponding mgwCOIN asset to the rightful owner as specified during the initial stage of the transaction. This is all accessible only through the decentralized NXT platform and its asset exchange. Though the SuperNET client will use some of this technology in the background.Thus, MGW clusters hold both cryptocurrencies and NXT coin assets.Hosts of MGW clusters and their corresponding nodes are developer teams from participating cryptocurrency communities as well as companies such as Coinomal, and or (when necessary) members of the SuperNET team, as in the case of Bitcoin.Clusters can host a variety of cryptocurrencies, such that each coin supported by the cluster can also be a host of one of the closer nodes.For example, during the SuperNET v1 Beta release on February 2015, 5 new coins join the party, including Opal, Vericoin and VPNcoin. Opal and Vericoin are also two of the 3 cluster hosts.The code is open source and anyone interested can host their own cluster, though they will not necessarily receive credibility at face value from the SuperNET community. Buyer beware. As of February 2015, only NXT and SuperNET community hosted MGW clusters are known exist.Current MGW clusters function with 2 of 3 multisignature accounts for coins that support multisignature transactions, though there is no technical reason this can not be scaled to up to 15 parties.Currently the only difficulty in doing this is finding parties to host the servers. As the MGW code as well as the platform get more popular, supporters expect it to become more profitable to run MGW nodes, as well as easier, further decentralizing this exchange.It is wroth noting that this may be the most transparent and decentralized, or rather 'distributed' exchange between cryptocurrencies to date, since most cryptoexchanges hold on to vast amounts of information about how they secure their coins. With some temporary exceptions which depend on the release of NXT's multisignature capacity or Phasing.Phasing is NXT's version of multisignature, unlike competition, NXT does not yet support multisig. This of course is a challenge when trying to apply the MGW model to the mirror assets on the NXT side. In other words, the storage of the mgwCOINs is not as decentralized as the coins them selves, yet.This comes with the regular risks of centralized exchanges. Lets take mgwBTC as an example.There are 21 million possible btc units, and as such there are 21 million mgwBTC units. Since most if not all of those coins are not in circulation yet, many of them having yet to be mined, than their mgw version must also stay out of circulation.If, even 5 % of those coins were to be dumped on the market by the SuperTEAM, then this would be a significant theft, likely large enough to empty the liquidity in the MGW exchange at current time.To solve this, the assets will be turned into multisignature accounts as soon as possible, and eventually into DACs, which will control these funds according to what the community considers fair.This problem also applies to all SuperNET assets, and as such, the SuperNET is openly in Beta, until the Phasing arrives and the storage of these assets is decentralized.Market makers or MMatrix nodes are computers that run the standard SuperNET client, as well as copies of the blockchain of every participating coin. These members of the community are similar to miners or stakers in that they specialize in providing a unique service to all crypto-currency users by enabling decentralized instant exchanges.To do this, they must host the software on high ram servers, and the corresponding blockchains, as well as any tradebots they can get their hands on that will optimize their exchange ratios. Among the most important of this ratios is the amount of fees paid to the InstantDEX NXT asset.The ratios or standards by which the success of MMatrix is determined mainly by the total fees they pay, but also by volume traded, and perhaps in the future other measures of reliability.All MMatrix nodes work together, sharing trade offers done by users. however, the ones with the most fees paid get the first shot at choosing which trades to execute and which to pass along to the next, and so forth.As such, the incentives to be the best trader and provide the most value to users as well as asset holders are set. To rise to the top and enter the competition, new players can pay a donation to the InstantDEX holders and raise their ranking, similar to google ads.As of March 2015, James clarified that there will be no limit to how many nodes can be MMatrix nodes, any node with tradebots can participate and compete.Finhive is a company owned by SuperNET who's sole purpose is to create a source of rich financial data for trading, as well as the InstantDEX tradebots that can leverage it. They are not the only tradebot designers and data providers, its a free market, but they are one of the most notizible players.MMatrix hosts can purchase tradebots from Finhive or make their own.Finhive uses complex statistics and cutting edge artificial intelligence to provide the most relevant information to its custiomers. Learn more about Finhive's roadmap and development process as well as their contract with SuperNET at their website or on the NXT forum.MMatrix nodes are responsible for optimizing the instant exchanges that occurs on the decentralized platform. Incentives are set so that nodes which pay the most fees to InstantDEX, benefit from having fist pick of trade offers. Similar to Google ad rankings, the best participants are at the top, but new players can pay to rise and be seen. This way, they get a good chance at competition.This technology is still under development and its exact approach is likely to change and evolve. As of March 2015, James said that there will be no limit to who is an MMatrix node or a difference between them an normal nodes. Essentially, anyone running tradebots will be a valid player.All fees earned are paid to InstantDEX and are distributed according to standard distribution.The Multigateway (MGW) is NXT’s distributed crypto-currency exchange platform. It enables users to trade crypto-currencies on top of NXT's decentralized asset exchange. Traders can send Bitcoin, Litecoin, etc, to a set of Multi-signature servers in return for coin assets that represent them (mgwBTC, mgwLTC, etc). These can be traded against NXT on the Asset Exchange.The storage of crypto-currencies deposited as well as the assets that they back are secured by groups of three separate parties. This makes MGW the first decentralized cross-blockchain exchange. MGW code is scalable beyond three entities but was limited to 2 out of 3 multi-signature by Bitcoin's code. Recent developments  have expanded this limitation and some expect MGW to become further decentralized as a result.There are currently six different operators of the Multigateway, as different coins are housed on dedicated and hardened servers run by different parties. As further coins are added, more server clusters will be required.MGW Cluster #0: Frohike, Abuelau (MyNXT), Coinomat (BTC) MGW Cluster #1: marcus03, Cobaltskky, jefdiesel (DOGE, BC, VIA)James will keep a seventh development server online for as long as Multigateway users move to SuperNET UI and production servers.For more information and a download link, see the SuperNET v0 installation guideMGW works by creating 'coin assets' on top of NXT’s long standing decentralized asset exchange.Coin assets such as mgwBTC, mgwBC, mgwLTC are concordantly traded for deposits of Bitcoin, Blackcoin, Viacoin, etc. at a ratio of 1 to 1. MGW is a full reserve, decentralized exchange and since all of this occurs on the blockchains, it also comes with live proof of solvency.Deposited crypto-currencies are stored on server clusters of 3. These are secured through multi-signature transactions, where 2 out of 3 servers must agree for withdraws to occur. Each server is monitored and secured by an independent party, partnered up with the SuperNET.The number of Multisignature parties is not limited by MGW, but by the the Bitcoin protocol. Thought recent developments have resolved this limitation and as such, some expect MGW's production servers to become far more decentralized as it develops .Unlike the withdrawal and storage of crypto-currencies on MGW production servers, coin assets are not secured by multi-signature. This is the main reason that MGW is stil in beta. Until NXT releases its “Phased transactions” feature, which will allow of multi-signature within NXT, than coin assets will have to be stored individually.Currently, each production server key holder, such as Coinomat or Mynxt.info, each hold one third of a hot wallet. These wallets store the average expected withdraws per coin asset, relative to crypto-currencies deposited.This means that the coin assets that mirror each crypto-currency are controlled manually and could theoretically be exploited by dumping them on to the market.Unbound coin assets are those that have not been traded in exchange for their corresponding crypto-currency. Until Phased transactions are released, which are expected to be live Q1 2015, than unbound coin assets will be stored on anon136's escrow services .Once NXT Phased transactions is live, coin assets will be stored on a similar multi-signature distribution as the crypto-currencies.Ramchains are a customized and distilled database a given blockchain that allows to query information in a much faster way. Developed by jl777, it runs mostly on RAM, and as such is exponentially faster when doing blockchain related processes. It is also half to a third of the regular size of a given blockchain. The process by which Ramchains are made only applies to first generation crypto-currencies, or Bitcoin clones, and BitcoinDarkd must be also installed for Ramchains to work in their current state.Ramchains are not a replacement for full nodes, as they are read only technology .Ramchains are a new SuperNET feature created by jl777, initially developed to remove performance shortcomings in the original Multigateway code. They work essentially as a distillation of a coin blockchain, and allow for ultra­fast, random access queries to the essential blockchain information, while keeping resource usage at a minimum.The use of entire blockchains as database, specially in cases like Bitcoin or other bitcoind forks with a large, bloated ledger, brings important limitations to blockchain-­based services. Blockchains may require a large storage space, and the coin daemons can be slow when responding to requests, particularly in historical processing and pattern search. This will turn even more expensive if we consider the associated heavy memory and CPU loads.Ramchains work to solve these problems by providing light weight files that can be accessed directly by SuperNET without sending a request to the coin daemon. The ramchain files are memory mapped, which reduces RAM usage and increases dramatically the query speeds.“From the limit of about 500 RPC calls per second to bitcoind, ramchains can probably do 100,000 ­ 500,000 internal requests per second.” ­ jl777The first use case for ramchains is to boost performance and speed in Multigateway operations in the upcoming SuperNET v1b client. But besides optimizing core SuperNET features, ramchains can be extremely valuable for any service that depends on blockchain information.Ramchains are created by SuperNET processing the coin blockchain, and generating a specific folder structure under a ramchains folder, at the level where the SuperNET executable is located. The one time creation process can be followed in the process terminal output, and it will take a number of hours depending on the size of the coin blockchain and the performance of the system. It goes as follows:1) Inside of the ramchains folder, the following subfolders are created:A COIN folder for every coin being processed. Inside of it, ­ A bitstream folder, containing ­ 64 subfolders, from 00000_00fff to 3f000_3fffff , with ­ 64 sub­subfolders inside of each.2) For every block in the coin blockchain, a n.V file is created containing raw data, n being the block height. V files include all the essential information for Multigateway to validate multisignature transactions. They include lossless encoding for data that can be verified and represented with a small number, like multiple checksums. These V files are created under the ramchains/COIN/bitstream/numbered subfolders, which will be populated with 64 .V files each. If the number of blocks in the blockchain exceeds 262,144 (64 x 64 x 64) blocks above th

bcdev

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Re: bla bla bla supernet bla bla bla
May 17, 2015, 07:51:03 pm

at number will be saved starting back in the first subfolder, also in groups of 64.3) Once the latest confirmed block .V file has been created, an additional set of n.B files is created from the V files in the same folders. These B files substitute the raw information in the V files for the corresponding strings.4) When V and B files have been made for every block, B files are combined into .B64 files (containing 64 .B files) and these are combined further into .B4096 files (containing 64 .B64 files).5) All the .B4096 files can then be combined into a unique COIN.blocks file.6) Finally, three string tables are created in the ramchains/COIN folder.5% of all SuperNET asset revenues will be distributed to BTCD stakes periodically, at most monthly, but whenever there is enough worth distributing. A snapshot will be taken of stakers at these intervals and BTCD will be bought with the SuperNET asset, than distributed to each staker equaly. James writes "each staking event will have equal weight" .BTCD’s infrastructure is a peer-to-peer network similar in principle to file-sharing networks such as BitTorrent. In fact, decentralized storage and web hosting are technologies being developed by the Core coin, Opal.BTCD’s Telepathy protocol offers privacy advantages over and above anything else currently on the market. All communications are end-to-end encrypted, so that no one else can read them. However, the real step-change in privacy is the use of deaddrop addresses for secure communication.In other peer-to-peer networks, nodes send packets to each other, which requires them to know the IP address of the recipient. This constitutes a leak of information, and a well-resourced attacker would be able to tell who was communicating with whom - which could be as important as what they were communicating. Deaddrop addresses are owned by no node, and so the packet is never ‘delivered’ to this recipient.As it is being routed, though, it is handled by many different nodes - but it can only be read by the node for which it has been encrypted. This is a little like being able to send an email without anyone (including the sender) knowing the address of the recipient.To learn more about the anonymity and functioning of BitcoinDark, see Telepathy or Teleport.Teleport is a set of blockchain technologies built on top of Bitcoin Dark (BTCD), with the sole purpose of providing financial anonymity. BTCD is the base currency for the SuperNET network and as such will be in the middle of all transactions providing anonymity by default.Teleport is designed to thwart surveillance and de-anonymization attacks that Bitcoin based crypto-currencies have been proven vulnerable to. The main attack vectors that it is designed to end are: Transaction Linkage, Finerprinting, Mantissa Attacks and In a future update, Sybil Attacks.An deeper explanation of the concepts explained in this page can be found at the the Dark Paper .The public record of the blockchain is the primary threat to users’ anonymity under normal circumstances. Clearly, if transaction information is being sent off-blockchain, then communication between users must be kept private if overall anonymity is to be maintained.In the case of BitcoinDark (BTCD), which uses the measures described below, the necessary features are built into the client to enable the full benefits of teleport. Teleport will also enable the anonymization of other crypto-currencies, for a minimal transaction fee.The most basic privacy required by users is the ability to keep their IP address from being discovered. Any efforts to ensure the privacy of crypto-currency transactions can be rendered useless by allowing third parties to trace this. See [wiki.supernet.org/Teleport#privacy_servers_&_IP Privacy Servers & IP] for more.Furthermore, correlations between the time a transaction is made, the IP it is sent from, the specific amount as well as contextual (social media) information about a transaction can all reveal the identity of users to the world. This is the case with most clones of the Bitcoin blockchain, as a second generation crypto-currency and fork of the NXT blockchain, BitcoinDark aims to solve these.Telepods are to BitcoinDark as fish are to a river.Telepods are packages of information containing everything required to make a crypto-currency transaction, similar to a signed check. These are encrypted with the public/ private key pair of the receiver, so that only the receiver can open the packet and cash the check. This ensures peer to peer privacy.Telepods are broadcast throughout the network and many receive them, ending at [wiki.supernet.org/teleport#Dead_Drop_Address Dead drop addresses], which are owned by no one and are randomly generated. The broadcasting of telepods is designed so that it is very likely to reach the rightful owner, while being handled by large amounts of other nodes. By doing this, an investigator who managed to look at the network topology and flow of packers would have a massive list of possible owners, without knowledge of who it was intended for. These possible owners are called an anon set.To further complicate surveillance of packet flow, when the destination of a dead drop address is being reached, the telepod is broadcast to a vast number of nodes that are close to it in hyperspace. The range of broadcast upon delivery is customizable.Note that this is not the same as geographical space. A node in china and another in Mexico are in opposite sides of the world geographically but might be neighbours in hyperspace. Hyperspace location is decided at random and is stored using distributed hash tables (DHT).Once a telepod is received, the user can chose whether to extract the transaction information and process it on the proper blockchain, or do it later. For maximum anonymity (and by default), the telepod’s transaction is emptied into a freshly generated address. This process is called cloning.Cloning however does not have to occur as soon as a transaction is received, but can be delayed in a variety of ways. The purpose of delaying cloning is to break time associations between the broadcast of a Telepod transaction and the receiver cloning it. See transaction linkage and Fingerprinting for more.The intended receiver of a telepod can chose whether or not to clone that transaction and transfer the funds to his account at this point. He can delay the process manually or by using clonesmear, which will randomly clone it within a specified time range.Until the transaction is cloned, the sender could still cash out the check just as in real life. Unless of-course receiver does it first. This must be taken into consideration and receivers could be clear enough with senders, such as "I'll wait 2 days worth of clonesmear before I release the good", or if they trust the sender they can simply leave the signed-transaction un-cloned until they need it.When using clonesmear, a telepod can be cloned at any time within a specified range of time.Most crypto-currencies feature near infinitely divisibility, thus users can send tiny & arbitrary amounts of value to anyone. The problem with this from a privacy perspective is that unique transaction amounts represent a possible information leak. This is called a Mantissa Attack.If say, Bob mentions through email that he will send $300 USD to Amy worth of BTC, and this email gets hacked. Than the time the email was sent reveals the possible price of BTC at the time in USD, -say- 0.66783 BTC. An attacker would only need to search for amounts close to the current conversion rate of $300 USD to BTC to have a good correlation between a blockchain transaction & Bob's deal with Amy.Teleport solves this problem by sending all crypto-currency amounts through a filter of standard denominations, such as 1, 5, 10, 50, 100 coins, and so on. The 0.66783 BTC would thus be divided into an optimal amount of portions and sent as separate telepods. Each telepod can benefit from clonesmear and the rest of Teleport's toolkit. By doing this, the uniqueness of each transaction amount ends and becomes standardized, protecting Bob from the attacker.All of these funds are by default sent to a freshly generated public address, so that no association can be drawn between users as suggested by Satoshi Nakamoto .Nxt is considered a second-generation cryptocurrency . With all the altcoins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designed this way from the ground up.It is not an "alt coin" like litecoin, peercoin, and other variants whose code is based on Bitcoin's source code. It is written from scratch, in all-new source code.It provides built-in support for robust features such as a decentralized peer-to-peer exchange, voting system, messaging/chat, decentralized DNS, and options for instant transactions. Many Bitcoin-based currencies implement one or two of these features on top of the existing Bitcoin network. Nxt implements all of them on an improved network model that is built for speed and scale.It is 100% proof of stake (PoS), versus the proof of work (PoW) mechanism the vast majority of other coins are based on. Instead of using powerful computers to "mine" new coins, Nxt leverages the balances of existing accounts to "forge" blocks, rewarding forgers with transaction fees. The Proof-of-Stake algorithm is efficient enough to run on smartphones and small devices like the Raspberry Pi platform. In addition, this method effectively removes a large security risk inherent in most other coins: the issue of a 51% attack and many of the other vulnerabilities inherent to Proof-of-Work coins are gone.It was announced weeks in advance, unlike mere hours like most coins. Based on an injection of 21BTC by 73 original stakeholders, 1 billion Nxt coins were ejected from the Nxt genesis block and are currently being distributed to thousands of account holds through giveaways, trades, and bounties for ongoing development of the platform. Nxt is listed on http://coinmarketcap.com/ and people are trading on a 1-on-1 basis as well as on centralized exchanges such as bter.com, dgex.com, Cryptsy.com, Poloniex.com and Vircurex.com among others.Nxt is implementing a very slick feature called "Transparent Forging", which will allow each user's client to automatically determine which server node will generate the next block. This allows clients to send their transactions directly to that node, minimizing transaction times. Immediate and high-priority transactions can be processed for additional fees. An equally important feature of Transparent Forging is an outstanding security feature of the protocol, which can temporarily reduce to zero the forging power of nodes who should generate the next block but do not – penalizing accounts that do not actively support the network, and distributing that power to nodes that do. With transparent forging, even a 90% majority owner of all Nxt will be prevented from branching out and forcing a forked blockchain: if a node has 90% of all Nxt, and doesn't generate a block when scheduled, the system will reduce its forging power to zero temporarily to prevent a bad fork from being forced.

Berzerk

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Re: bla bla bla supernet bla bla bla
May 17, 2015, 08:03:02 pm

Serious? :D

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Re: bla bla bla supernet bla bla bla
February 10, 2017, 06:12:25 am

if they trust the sender they can simply leave the signed-transaction un-cloned until they need it.When using clonesmear, a telepod can be cloned at any time within a specified range of time.Most crypto-currencies feature near infinitely divisibility, thus users can send tiny & arbitrary amounts of value to anyone. The problem with this from a privacy perspective is that unique transaction amounts represent a possible information leak. This is called a Mantissa Attack.If say, Bob mentions through email that he will send $300 USD to Amy worth of BTC, and this email gets hacked. Than the time the email was sent reveals the possible price of BTC at the time in USD, -say- 0.66783 BTC. An attacker would only need to search for amounts close to the current conversion rate of $300 USD to BTC to have a good correlation between a blockchain transaction & Bob's deal with Amy.Teleport solves this problem by sending all crypto-currency amounts through a filter of standard denominations, such as 1, 5, 10, 50, 100 coins, and so on. The 0.66783 BTC would thus be divided into an optimal amount of portions and sent as separate telepods. Each telepod can benefit from clonesmear and the rest of Teleport's toolkit. By doing this, the uniqueness of each transaction amount ends and becomes standardized, protecting Bob from the attacker.All of these funds are by default sent to a freshly generated public address, so that no association can be drawn between users as suggested by Satoshi Nakamoto .Nxt is considered a second-generation cryptocurrency . With all the altcoins coming out that only change things such as hashing mechanism, time between blocks, starting difficulty, and so on, Nxt brings much much more to the table and was designed this way from the ground up.It is not an "alt coin" like litecoin, peercoin, and other variants whose code is based on Bitcoin's source code. It is written from.

 scratch, in all-new source code.It provides built-in support for robust features such as a decentralized peer-to-peer exchange, voting system, messaging/chat, decentralized DNS, and options for instant transactions. Many Bitcoin-based currencies implement one or two of these features on top of the existing Bitcoin network. Nxt implements all of them on an improved network model that is built for speed and scale.It is 100% proof of stake (PoS), versus the proof of work (PoW) mechanism the vast majority of other coins are based on. Instead of using powerful computers to "mine" new coins, Nxt leverages the balances of existing accounts to "forge" blocks, rewarding forgers with transaction fees. The Proof-of-Stake algorithm is efficient enough to run on smartphones and small devices like the Raspberry Pi platform. In addition, this method effectively removes a large security risk inherent in most other coins: the issue of a 51% attack and many of the other vulnerabilities inherent to Proof-of-Work coins are gone.
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newbielink:http://printablecalendartemplates.com/april-2017-monthly-printable-calendar-templates/ [nonactive]
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