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Author Topic: IOTA + Nxt  (Read 6279 times)

Triangle

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IOTA + Nxt
« on: October 29, 2015, 08:19:23 am »

So as many of you know by now, me, CfB and Mtchl are working on a project that will enable our Jinn project: IOTA (www.iotatoken.com)

Our goal with this is simple: micro-transactions for the Internet-of-Things. We are not creating an asset exchange, monetary system or decentralized merchant market. We leave those features to the platforms that specialize in them. But due to the fact that IOTA's Tangle can communicate with blockchains, of which Nxt is one, I decided to it was time to start an official thread here to kickstart the discussion around overlap and cohesive collaboration. This is something we'll be offering any platform that is interested.

CfB has had some discussions with both Jean-Luc and Jl777 already about use-case and implementations, but we would also love to hear from the community directly. Wisdom in numbers and all that.

So let the discussions begin...
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allwelder

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Re: IOTA + Nxt
« Reply #1 on: October 29, 2015, 09:01:09 am »

 ::)
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yassin54

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Re: IOTA + Nxt
« Reply #2 on: October 29, 2015, 09:41:08 am »

i am ok  ;D ;D ;D

Ludom

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Re: IOTA + Nxt
« Reply #3 on: October 29, 2015, 09:51:28 am »

Nxt needs to work with every serious blockchain or cryptos projects. Personally I invested in SuperNET for this reason.

IOTA can do things that Nxt can't do, and reciprocally. The developers knows each other very well, a collaboration is natural, I think.

The future is Nxt, but mostly the future is collaboration between the projects. If IOTA brings some transactions and projects to Nxt and reciprocally, it's good for both.

A lot of cryptoprojects don't want to hear from other projects, it's not the same in this community. We are interested in innovation and we are building an ecosystem, not "impose a currency to the world".

I think it's great that IOTA is open for collaboration with other blockchains or cryptoprojects. Nxt is not the central point of the crypto world and you have to develop your business.
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Triangle

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Re: IOTA + Nxt
« Reply #4 on: October 29, 2015, 09:55:35 am »

Well put Ludom, that is our vision too.
But of course ultimately it is up to each respective community to choose what kind of collaboration they want, so this is entirely up to the masses. IOTA will work regardless.
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remix

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Re: IOTA + Nxt
« Reply #5 on: October 29, 2015, 11:33:46 am »

Will there be atomic cross-chain trading between Iota and Nxt?
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Triangle

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Re: IOTA + Nxt
« Reply #6 on: October 29, 2015, 12:20:45 pm »

Will there be atomic cross-chain trading between Iota and Nxt?

Direct atomic chross-chain transactions will only be possible if it's included on Nxt's side.
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remix

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Re: IOTA + Nxt
« Reply #7 on: October 29, 2015, 12:45:52 pm »

Will there be atomic cross-chain trading between Iota and Nxt?

Direct atomic chross-chain transactions will only be possible if it's included on Nxt's side.

The proposals for cross-chain trading I've seen involve something like a secret, its hash recorded on both blockhains, and transactions being allowed to execute when a value that results in the correct hash is published. There already appears to be Phasing/By_Secret in Nxt. It seems possible to do that type of cross-chain transaction with Nxt.
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mthcl

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Re: IOTA + Nxt
« Reply #8 on: October 29, 2015, 02:39:44 pm »

Seems we have a different opinion here:  https://simtalk.org:444/index.php?topic=134.0     :o
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jl777

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Re: IOTA + Nxt
« Reply #9 on: October 29, 2015, 02:49:13 pm »

Seems we have a different opinion here:  https://simtalk.org:444/index.php?topic=134.0     :o
its next generation of furseleer vs BCnext, now we have nxtchg vs CfB
I wonder if either will volunteer to eat their hat if they are wrong
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achim

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Re: IOTA + Nxt
« Reply #10 on: October 29, 2015, 02:59:52 pm »

For the lazy:

Quote
That's not nice of him to claim credit for an idea, which is already well known.

I also sincerely hope that he genuinely gone mad with his Jinn and now Iota, and isn't simply trying to scam people for money...

There are insane promises again, same as in Jinn, with very little technical info. The whitepaper is mostly gibberish, it only looks "scientific" in form, not substance.

As with other papers on DAG-based cryptos, it doesn't answer any meaningful questions, instead the author is focusing on some sort of abstract metric, and then doing some calculations in the forest of formulas to create as much smoke and mirrors as possible. Argh...

I wouldn't touch anything CfB does with a ten foot pole.

gotta love his aggressiveness  :)
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Triangle

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Re: IOTA + Nxt
« Reply #11 on: October 29, 2015, 03:08:02 pm »

Of course this is just a troll. But for the record: In the thread he claims we stole our idea from you can clearly see CfB responding half an hour after Sergio posted it. And we can prove via our Slack that we had been working on this for quite some time prior to September 11, so yea, just trolling.

Jl777 can also confirm that CfB spoke to him about this in August.
« Last Edit: October 29, 2015, 03:12:07 pm by Triangle »
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jl777

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Re: IOTA + Nxt
« Reply #12 on: October 29, 2015, 03:20:27 pm »

Of course this is just a troll. But for the record: In the thread he claims we stole our idea from you can clearly see CfB responding half an hour after Sergio posted it. And we can prove via our Slack that we had been working on this for quite some time prior to September 11, so yea, just trolling.

Jl777 can also confirm that CfB spoke to him about this in August.
I can confirm CfB explained to me how to implement an IOTA type of solution this summer. I even wrote a proof of concept txnet (my name for this DAG method). Even though I got many details wrong, it still did 100tx/sec on a simulated localhost network

Once I understood the details better, it became clearer to me how it would work and how it can scale. The cool thing is that instead of a "clock" that is based on time, the quantum unit of progressing the txnet is the tx itself. Each tx provides what is needed to allow for other tx to advance.

So the more tx, the more the tx capacity. The "time" it takes to get to a consensus on a specific tx, this is something I am keen to find out in practice

James
« Last Edit: October 29, 2015, 03:23:20 pm by jl777 »
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ifinta

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Re: IOTA + Nxt
« Reply #13 on: October 29, 2015, 05:13:13 pm »

Interesting.
Not too complicated, as well as the Ethereum? This is a big problem there, I think.
Simplicity of use is the biggest value of the NXT. I think.
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Triangle

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Re: IOTA + Nxt
« Reply #14 on: October 31, 2015, 04:09:05 pm »

Interesting.
Not too complicated, as well as the Ethereum? This is a big problem there, I think.
Simplicity of use is the biggest value of the NXT. I think.

? IOTA is compatible with both, IOTA is neutral and can be used by any crypto that wants to.
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Tobo

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Re: IOTA + Nxt
« Reply #15 on: October 31, 2015, 05:13:59 pm »

Of course this is just a troll. But for the record: In the thread he claims we stole our idea from you can clearly see CfB responding half an hour after Sergio posted it. And we can prove via our Slack that we had been working on this for quite some time prior to September 11, so yea, just trolling.
Jl777 can also confirm that CfB spoke to him about this in August.

No worries. Nothing can take away Iota's originality. Mthcl's original relevant post goes back June 2014 - https://nxtforum.org/proof-of-stake-algorithm/dag-a-generalized-blockchain/
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ifinta

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Re: IOTA + Nxt
« Reply #16 on: October 31, 2015, 06:03:22 pm »

Interesting.
Not too complicated, as well as the Ethereum? This is a big problem there, I think.
Simplicity of use is the biggest value of the NXT. I think.

? IOTA is compatible with both, IOTA is neutral and can be used by any crypto that wants to.
NXT is able to run on a raspberry pi or udoo. For example.
My "thing" is able to pay or accept payment with NXT.
Why should I use IOTA with NXT? What are the reasons, benefits?
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Jose

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Re: IOTA + Nxt
« Reply #17 on: November 01, 2015, 03:15:39 pm »

Is Nxt+IOTA a better solution to achieve fast transactions/solve scalability issues than Nxt+Ramchains?
Or, on the contrary, Are they complementary to each other? ??? :o
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Triangle

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Re: IOTA + Nxt
« Reply #18 on: November 17, 2015, 02:51:27 pm »

Is Nxt+IOTA a better solution to achieve fast transactions/solve scalability issues than Nxt+Ramchains?
Or, on the contrary, Are they complementary to each other? ??? :o

They can be yes, depending on the direction Nxt heads in.


Also new article: https://medium.com/@DavidSonstebo/iota-97592581f985
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yassin54

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Re: IOTA + Nxt
« Reply #19 on: November 17, 2015, 02:54:19 pm »

Is Nxt+IOTA a better solution to achieve fast transactions/solve scalability issues than Nxt+Ramchains?
Or, on the contrary, Are they complementary to each other? ??? :o

They can be yes, depending on the direction Nxt heads in.


Also new article: https://medium.com/@DavidSonstebo/iota-97592581f985
https://twitter.com/MagicNxt/status/666629469138997248 Tweeted  ;D
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