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Multigateway status reports
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Author Topic: Multigateway status reports  (Read 39693 times)

jl777

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Re: Multigateway status reports
« Reply #160 on: May 27, 2014, 09:10:26 pm »

NXTservices_v05 due out tonight. It will have rewritten MGW deposits and needs testers to create DOGE deposits
See https://nxtforum.org/nxtservices-releases/nxtservices_v05-added-mgw-deposits/msg30207/#msg30207 for more details.

James
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allwelder

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Re: Multigateway status reports
« Reply #161 on: May 29, 2014, 01:43:16 am »

Run NXTservices_v05.exe with win32 ,
displayed as following
Could not connect server,what's the problem?
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longzai1988

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Re: Multigateway status reports
« Reply #162 on: May 29, 2014, 01:52:52 am »

allwelder

You must also start Nxt client in testnet
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jl777

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Re: Multigateway status reports
« Reply #163 on: May 29, 2014, 04:42:59 am »

Finally got things setup to test withdraws and manually verified the multisig still works.
So now its the home stretch, just need to get three MGW server consensus on the withdraw and then sign and broadcast and post AM. I actually already did all this, so just a matter of using the existing code in a new way.

It really feels like I am in the home stretch. With the new redesign, I am clear on exactly what needs to be done, so I hope that by Friday I will have a withdraw enabled MGW, which means it will be a beta release.

Then while I am gone, I hope people will really test it so I can fix any issues and make a mainnet release

James
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allwelder

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Re: Multigateway status reports
« Reply #164 on: May 29, 2014, 07:48:57 am »

allwelder

You must also start Nxt client in testnet
forget the most important procedure. ;D
working now.
Thanks.
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jl777

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Re: Multigateway status reports
« Reply #165 on: May 29, 2014, 07:51:21 pm »

I need somebody to verify the min txfee for BTC, LTC, DOGE and DRK

Now, please verify that this min txfee applies to multisig tx also.

Thanks. I just have to change a #define, but if I put the wrong amount in, it seems the tx is rejected.

I am also setting the MGW fee to match the mintx fee, so it will cost double normal txfee to withdraw. Still less than almost all exchanges and I think this will give MGW enough revenue to pay for servers and maybe even dividends. Not sure though, so dont go crazy on AE. It could still just be breakeven economics

James
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VanBreuk

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Re: Multigateway status reports
« Reply #166 on: May 29, 2014, 08:23:29 pm »

You mean the minimum usual tx fees so the tx will be included most certainly in the next block? Because at least in BTC there are recommended fees, but not really minimum fees set in stone. Factors are tx weight and priority.
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jl777

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Re: Multigateway status reports
« Reply #167 on: May 29, 2014, 08:29:40 pm »

You mean the minimum usual tx fees so the tx will be included most certainly in the next block? Because at least in BTC there are recommended fees, but not really minimum fees set in stone. Factors are tx weight and priority.
I think most people would prefer to pay a little extra to make sure their tx gets included as quick as possible. After all they decided to withdraw, so there must be some sort of urgency, otherwise they would have just left it in.

So, what txfee would give us 99% chance of being included in the next block
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VanBreuk

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Re: Multigateway status reports
« Reply #168 on: May 29, 2014, 09:24:05 pm »

Default fee in BTC is 0.0001 and that's what you will find in most txs. Would it be possible for users to have the option of a normal fee of 0.0001, and a high priority fee of slightly more than the average to virtually ensure inclusion in the next block? I don't have average fee stats, and perhaps the difference is as little as 90% > 99%, but it would be accurate.

Otherwise, just set it at 0.0001 BTC for the default.
« Last Edit: May 29, 2014, 09:26:16 pm by VanBreuk »
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jl777

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Re: Multigateway status reports
« Reply #169 on: May 29, 2014, 09:32:41 pm »

Default fee in BTC is 0.0001 and that's what you will find in most txs. Would it be possible for users to have the option of a normal fee of 0.0001, and a high priority fee of slightly more than the average to virtually ensure inclusion in the next block? I don't have average fee stats, and perhaps the difference is as little as 90% > 99%, but it would be accurate.

Otherwise, just set it at 0.0001 BTC for the default.
I think XCP is having to pay more than that...
Also,need exact txfees for other coins
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valarmg

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Re: Multigateway status reports
« Reply #170 on: May 29, 2014, 09:41:33 pm »

For Dogecoin, seems that minimum fee is one doge, and that fee worked with the MGW multisig address.
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VanBreuk

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Re: Multigateway status reports
« Reply #171 on: May 29, 2014, 09:56:12 pm »

I think the formula nodes approve is something like

Minimum Fee = Basic Fee * [1 + (INT(tx bytes/1000))]

If transactions are lighter than than 1 kB, Minimum Fee = Basic Fee

And basic fees would be 0.0001 for BTC, 1 for DOGE, 0.01 for LTC, 0.001 for DRK, and currently (I had to check this) 0.025 DRK fee in the case of collateral transactions (darksend)

Minimum fees can be higher for tx with very small amounts to prevent blockchain dust.
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DoM P

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Re: Multigateway status reports
« Reply #172 on: June 05, 2014, 07:30:53 am »

Could one of you guys summarize what is MultiGateway for me please ?

I'd like to include it to the document I am creating for investors.

Thanks
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valarmg

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Re: Multigateway status reports
« Reply #173 on: June 05, 2014, 07:43:27 am »

Could one of you guys summarize what is MultiGateway for me please ?

I'd like to include it to the document I am creating for investors.

Thanks

It's a software bridge between other cryptocurrencies and the Nxt asset exchange. It allows BTC, LTC, DOGE, etc to be deposited onto the asset exchange and traded for NXT.

(Once the asset exchange allows asset-to-asset trading, then trading will be possible between these currencies and each other and other assets without going through NXT)

There's a graphic here:
https://nxtforum.org/nxtservices-releases/how-to-test-multigateway-with-nxtservices-a-test-user-guide/
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DoM P

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Re: Multigateway status reports
« Reply #174 on: June 05, 2014, 07:46:24 am »

Could one of you guys summarize what is MultiGateway for me please ?

I'd like to include it to the document I am creating for investors.

Thanks

It's a software bridge between other cryptocurrencies and the Nxt asset exchange. It allows BTC, LTC, DOGE, etc to be deposited onto the asset exchange and traded for NXT.

(Once the asset exchange allows asset-to-asset trading, then trading will be possible between these currencies and each other and other assets without going through NXT)

There's a graphic here:
https://nxtforum.org/nxtservices-releases/how-to-test-multigateway-with-nxtservices-a-test-user-guide/

Thanks a lot. I had an unclear idea. Better now.
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jabo38

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Re: Multigateway status reports
« Reply #175 on: June 05, 2014, 02:34:56 pm »

Keep up the great work, I think this will be one of the biggest additions to Nxt.

THE BIGGEST since BCNext made his first post
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mikesbmw

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Re: Multigateway status reports
« Reply #176 on: June 08, 2014, 09:54:41 am »

Guys,

was just wondering about this, is all of MGW completely open source?
Do we know what software and infrastructure is used?

Is the software (and implementation) being reviewed?
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jl777

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Re: Multigateway status reports
« Reply #177 on: June 08, 2014, 01:41:07 pm »

Guys,

was just wondering about this, is all of MGW completely open source?
Do we know what software and infrastructure is used?

Is the software (and implementation) being reviewed?
Mgw is being reviewed
Almost all mgw is open source, but keeping a very small amount internal until it is at least in production to prevent premature cloning
Other than standard libraries, i have written all of mgw
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allwelder

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Re: Multigateway status reports
« Reply #178 on: June 08, 2014, 02:19:49 pm »

Guys,

was just wondering about this, is all of MGW completely open source?
Do we know what software and infrastructure is used?

Is the software (and implementation) being reviewed?
Mgw is being reviewed
Almost all mgw is open source, but keeping a very small amount internal until it is at least in production to prevent premature cloning
Other than standard libraries, i have written all of mgw
thumb up
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mikesbmw

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Re: Multigateway status reports
« Reply #179 on: June 08, 2014, 07:05:30 pm »

Guys,

was just wondering about this, is all of MGW completely open source?
Do we know what software and infrastructure is used?

Is the software (and implementation) being reviewed?
Mgw is being reviewed
Almost all mgw is open source, but keeping a very small amount internal until it is at least in production to prevent premature cloning
Other than standard libraries, i have written all of mgw
Cool!

Is it being reviewed by someone we know?
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