elective-stereophonic
elective-stereophonic
Nxt Multigateway Website is online!
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 ... 3 4 [5] 6 7  All

Author Topic: Nxt Multigateway Website is online!  (Read 19958 times)

cobaltskky

  • Hero Member
  • *****
  • Karma: +226/-138
  • Offline Offline
  • Posts: 2344
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #80 on: July 19, 2014, 10:41:51 pm »


no worries, I got the list.
I will have a release soon that I think you will like

Neat. :)  Sorry I couldn't have been more help. :/  There are so many cool projects here, and I feel like I don't have the elite h4x0R skills to help out! :(
Logged

rlh

  • Sr. Member
  • ****
  • Karma: +31/-7
  • Offline Offline
  • Posts: 404
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #81 on: July 20, 2014, 07:55:17 pm »

Might a make a suggestion-- from here on, let's not focus on coins in the top 20 of market cap.  The reason why is because most of those communities, surrounding those coins, are quite established.  Your not going to find many old, big time BTC or LTC fans pouring into Nxt.  Why? Because they are all bag holders who don't want to let go of their sizable BTC wallets for alts.

However, there are other, up-and-coming coins that are innovative that aren't yet integrated into big exchanges.  I'm not saying you guys need to be like cryptsy or Bter.  I do think that implementing every new thing can cause problems.  However, coins like Boolberry that are sleeper coins, but somewhat innovative could do well with an MGW gateway AND that would also get Boolberry users into Nxt.

It's a win for us, and a win for the smaller, less known coins.

(And if you take my suggestion seriously, I'd like to throw QORA in as an option.) ;)
Logged
C# Nxt Small Address VanityGen - http://bit.ly/nxtminvanity
C# Nxt RS Address VanityGen - http://bit.ly/nxtrsvanity
Send Donations to my offline Nxt account: NXT-FRS2-MQR5-758P-ANNEX

cobaltskky

  • Hero Member
  • *****
  • Karma: +226/-138
  • Offline Offline
  • Posts: 2344
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #82 on: July 20, 2014, 08:03:05 pm »

Agreed!  Let's get some of the new ones onto the AE.  Voot, Rox, Monero, Tor, Razor, Minerals...
Logged

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #83 on: July 20, 2014, 08:03:38 pm »

Might a make a suggestion-- from here on, let's not focus on coins in the top 20 of market cap.  The reason why is because most of those communities, surrounding those coins, are quite established.  Your not going to find many old, big time BTC or LTC fans pouring into Nxt.  Why? Because they are all bag holders who don't want to let go of their sizable BTC wallets for alts.

However, there are other, up-and-coming coins that are innovative that aren't yet integrated into big exchanges.  I'm not saying you guys need to be like cryptsy or Bter.  I do think that implementing every new thing can cause problems.  However, coins like Boolberry that are sleeper coins, but somewhat innovative could do well with an MGW gateway AND that would also get Boolberry users into Nxt.

It's a win for us, and a win for the smaller, less known coins.

(And if you take my suggestion seriously, I'd like to throw QORA in as an option.) ;)
This is why I made uMGW!
I dont have to really be involved in the decisions or more importantly, the work required to support the hundreds of possible coins.

If someone wants to support OctoCoin, nobody can stop them
Decentralization

James
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

crimi

  • Hero Member
  • *****
  • Karma: +122/-11
  • Offline Offline
  • Posts: 863
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #84 on: July 20, 2014, 08:07:59 pm »

Might a make a suggestion-- from here on, let's not focus on coins in the top 20 of market cap.  The reason why is because most of those communities, surrounding those coins, are quite established.  Your not going to find many old, big time BTC or LTC fans pouring into Nxt.  Why? Because they are all bag holders who don't want to let go of their sizable BTC wallets for alts.

However, there are other, up-and-coming coins that are innovative that aren't yet integrated into big exchanges.  I'm not saying you guys need to be like cryptsy or Bter.  I do think that implementing every new thing can cause problems.  However, coins like Boolberry that are sleeper coins, but somewhat innovative could do well with an MGW gateway AND that would also get Boolberry users into Nxt.

It's a win for us, and a win for the smaller, less known coins.

(And if you take my suggestion seriously, I'd like to throw QORA in as an option.) ;)
This is why I made uMGW!
I dont have to really be involved in the decisions or more importantly, the work required to support the hundreds of possible coins.

If someone wants to support OctoCoin, nobody can stop them
Decentralization

James

In the end it would be really cool to see multigateways popping up like mining pools. Everyone runs one ^^
Logged

longzai1988

  • Sr. Member
  • ****
  • Karma: +44/-1
  • Offline Offline
  • Posts: 268
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #85 on: July 21, 2014, 09:14:50 am »

Lite mgw v1.1 released, fixed previous reported bug

https://nxtforum.org/index.php?topic=3008.0
Logged
10533725144527397164 NXT-HSBE-8PWL-CUCD-BHUD6
NXT Multigateway - http://multigateway.com/

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #86 on: July 21, 2014, 12:38:22 pm »

Thanks :)

Website downloads have been updated to MGW Lite v1.1.
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #87 on: July 21, 2014, 08:15:12 pm »

And software versions updated again to MGW Lite v1.2, including a fix for a bug in generating deposit addresses for short Nxt account IDs.

Thanks again to longzai1988 :)
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #88 on: July 23, 2014, 07:34:38 pm »

A v1 of the Multigateway FAQ has been added to the website.

New relevant questions, fixes and updates will be added as they are brought up. So please, feel free to leave comments and suggestions.

I'm leaving here a bbcode version for forum reference. Please note that in the website front there is a MGW service description that covers basic introductory information, not repeated in these more specific FAQ.

MGW FAQ v1

Getting Started

- Where can I get a few NXT to get started using Multigateway?

If you are new to Nxt, but have some of the MGW supported coins, a great way to get started in the Nxt platform is to deposit some of your coins in the Asset Exchange and trade them for NXT. Once you have created your new Nxt account, Multigateway allows you to do that. You just have to generate your coin deposit address following this user guide and sell your coins in the Exchange using existing buy orders, or if you prefer, place your own sell order.

Since generating a coin deposit address and placing an order in the Asset Exchange are transactions in the Nxt network, you will need to cover the current transaction fee of 1 NXT per transaction. No NXT? No problem. Just visit us in the Multigateway Starting Giveaway Thread in the Nxt Forums, post your new Nxt account ID and we'll send you 2 NXT so you can get your coins live in the Nxt Asset Exchange.

Security and Operations

- Why is Nxt Multigateway more secure than any centralized exchanges and gateways?

As you can read in the Service Description, the use of multiple multisignature accounts and separate, independent servers increases the security of the system by a very large factor when compared to a centralized exchange. An attacker that wanted to grab the coins wouldn't only need to crack one server security and one coin account, as he would need to do with a centralized exchange; he would also need to crack at least a second server, and then deal with multiple multisignature accounts, all without being detected. In the event of detecting any intrusion attempt, the service can be temporarily locked and shut down before the multisignature accounts move a step closer to become vulnerable.

- Will Multigateway have trouble in the event of a fork, as it has happened to some centralized exchanges?

Since the blockchain information in the servers is redundant, and the three servers have to agree in order to authorize coin withdrawals, the Multigateway software will automatically stop withdrawals as soon as a fork is detected, and until the fork is resolved. 

- Who controls the Multigateway servers?

In this early beta stage, the three separate MGW servers that hold the coins multisignature accounts are operated by the MGW core developer. Very soon, the three servers will be operated by three independent entities: BitHaus, MyNxt and the core developer.
Also, additional clusters of three servers are being deployed, and each server cluster will be operating new coins supported by the Multigateway software. Each of these clusters will be run by three different operators. 

- What if one of the servers goes down?

Since all three MGW servers need to achieve consensus before the 2-of-3 required signatures confirm a coin withdrawal, withdraws would be stopped while the server goes back online. Two thirds of the coin deposits would go through, and the remaining third would be processed once the server is restored.
Coin assets and Asset Exchange trade operations are independent from the MGW servers, so they wouldn't be affected by one server going offline.

- What happens if the Multigateway coin accounts runs out of reserve?

Multigateway has 100% reserve, since all the coin assets sent by MGW are backed up by deposits made in Multigateway. So the only way Multigateway could run out of reserve would be if everyone withdrew their coins from the Asset Exchange back to their coin wallets. For as long as you have your coin assets in the Nxt Asset Exchange, you will be able to withdraw the equivalent amount of coins.

- Is it possible to see MGW operations and transactions information?

Multigateway is open. Since all the transactions information is in the Nxt blockchain and in the blockchain of the corresponding supported coins, anybody can do a realtime audit on all the coin account balances and compare against the coin assets available in the Nxt Asset Exchange. If you want to follow realtime information of Multigateway balances and transactions, you can install the MGW software client (NXTservices). You can find it in the NXTservices Releases board in Nxt Forums here.
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

valarmg

  • Hero Member
  • *****
  • Karma: +178/-57
  • Offline Offline
  • Posts: 1766
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #89 on: July 23, 2014, 07:54:54 pm »

Looks good. One sentence stood out to me as needing tweaking:
"So the only way Multigateway could run out of reserve would be if everyone withdrew their coins from the Asset Exchange back to their coin wallets."

Saying that it's run out of reserve suggests that the MGW can't fulfill it's withdrawal requirements. Maybe: "the only way Multigateway ends up empty of coins is if everyone withdraws the coins that they have deposited."
Logged
NXT-CSED-4PK5-AR4V-6UB5V

Sebastien256

  • Hero Member
  • *****
  • Karma: +169/-24
  • Offline Offline
  • Posts: 2823
  • ^LOOK UP^ = Nxt community!
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #90 on: July 23, 2014, 08:03:45 pm »


- Who controls the Multigateway servers?

In this early beta stage, the three separate MGW servers that hold the coins multisignature accounts are operated by the MGW core developer. Very soon, the three servers will be operated by three independent entities: BitHaus, MyNxt and the core developer.
Also, additional clusters of three servers are being deployed, and each server cluster will be operating new coins supported by the Multigateway software. Each of these clusters will be run by three different operators. 


As MGW will probably handle a lot of money, imho, I would recommand more transparency by stating who (real identity) have access to the key that sign the MGW transaction. At least, if it is not the real identity, please state Nxt forum nickname or BTT nickname.

By knowing their real identity, this reduce by several order of magnitude the risk of collusion.
Logged
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).

ThomasVeil

  • Hero Member
  • *****
  • Karma: +183/-11
  • Offline Offline
  • Posts: 1400
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #91 on: July 23, 2014, 08:03:58 pm »

The link on the user guide to "Download the Multigateway Lite Beta UI extension here." Is down (links to outdated version).
Logged
ARDOR-BPV3-837M-QZTQ-9DQ69  oxpal.com

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #92 on: July 23, 2014, 09:20:30 pm »

Looks good. One sentence stood out to me as needing tweaking:
"So the only way Multigateway could run out of reserve would be if everyone withdrew their coins from the Asset Exchange back to their coin wallets."

Saying that it's run out of reserve suggests that the MGW can't fulfill it's withdrawal requirements. Maybe: "the only way Multigateway ends up empty of coins is if everyone withdraws the coins that they have deposited."

Thank you. I've changed the sentence as you suggest.


- Who controls the Multigateway servers?

In this early beta stage, the three separate MGW servers that hold the coins multisignature accounts are operated by the MGW core developer. Very soon, the three servers will be operated by three independent entities: BitHaus, MyNxt and the core developer.
Also, additional clusters of three servers are being deployed, and each server cluster will be operating new coins supported by the Multigateway software. Each of these clusters will be run by three different operators. 


As MGW will probably handle a lot of money, imho, I would recommand more transparency by stating who (real identity) have access to the key that sign the MGW transaction. At least, if it is not the real identity, please state Nxt forum nickname or BTT nickname.

By knowing their real identity, this reduce by several order of magnitude the risk of collusion.

I didn't include that information since it can be found fairly easily, but since the MGW website shouldn't imply visitors are also nxtforum users, I agree that at least the nicknames (or company names in some cases) should be added for contact reference. I'll change that.

The link on the user guide to "Download the Multigateway Lite Beta UI extension here." Is down (links to outdated version).
 

Fixed, thank you.
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

ThomasVeil

  • Hero Member
  • *****
  • Karma: +183/-11
  • Offline Offline
  • Posts: 1400
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #93 on: July 24, 2014, 12:00:54 am »

The link on the user guide to "Download the Multigateway Lite Beta UI extension here." Is down (links to outdated version).
 

Fixed, thank you.

Hate to say it - but it's still an outdated version ;D It's 1.1 but the current version on the download is 1.2.

Also as I'm just looking into it - so there are two newcomer questions coming to my mind:
- Is my BTC (or LTC) deposit bound to my NXT address? So it's not stored locally on my computer?
Just to make sure that I don't lose it if I delete the current NXT client installation.

- What if I don't generate an deposite address but buy assets... what will happen? Because I assume that internally the mGW does transfer the Bitcoins there?

I think for beginners it would be handy to have one line on how to add the asset - and how the price works. I.e. that 1 asset is equal 1BTC. It's not that super obvious for noobs I think - since from exchanges one is used to see prices in the 0.000076 BTC format.
Would actually be cool if the AE could somehow show that price (Asset/nxt) somehow.

Other than that - it's a really good website and neat user guide, makes the process easy.
The plugin works also nice so far. Even simpler than I thought.

Logged
ARDOR-BPV3-837M-QZTQ-9DQ69  oxpal.com

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #94 on: July 24, 2014, 12:33:04 am »

Thanks :)

Hate to say it - but it's still an outdated version ;D It's 1.1 but the current version on the download is 1.2.

Sorry about that. Re-fixed.

Also as I'm just looking into it - so there are two newcomer questions coming to my mind:
- Is my BTC (or LTC) deposit bound to my NXT address? So it's not stored locally on my computer?
Just to make sure that I don't lose it if I delete the current NXT client installation.

If you mean your BTC/LTC deposit address, it is stored in the MGW servers. And if you mean your coin assets, they are in the Nxt blockchain... so no worries, as usual the only thing you need to operate is your Nxt passphrase to unlock your Nxt account as usual (and your BTC address in the case of withdrawals). No specific information is stored locally.

- What if I don't generate an deposite address but buy assets... what will happen? Because I assume that internally the mGW does transfer the Bitcoins there?

Coin assets work exactly like another asset. It's just that they have BTC counterparts in the MGW multisig accounts. So you can buy mgwBTC without having the MGW Lite extension installed, but you'll need it when you want to do a withdrawal to your BTC wallet address.

I think for beginners it would be handy to have one line on how to add the asset - and how the price works. I.e. that 1 asset is equal 1BTC. It's not that super obvious for noobs I think - since from exchanges one is used to see prices in the 0.000076 BTC format.

I believe the direct correspondence BTC > mgwBTC is already mentioned somewhere, but I can make that super explicit in the next website info update. Thanks for the feedback, one essential side of promoting MGW is not assuming everyone knows what we do.
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

ThomasVeil

  • Hero Member
  • *****
  • Karma: +183/-11
  • Offline Offline
  • Posts: 1400
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #95 on: July 24, 2014, 08:42:19 pm »

Thanks for the info VanBreuk.
One more: How careful do I have to be, since it's called beta? I'm up for trading around with it as it also helps the volume, thats really the only thing missing (other than that it seems very promising). But I assume I shouldn't put a bigger amount in it yet?
Coinmarketcap could also use as one exchange for determining the NXT price... since they have the asset functionality anyways.
Logged
ARDOR-BPV3-837M-QZTQ-9DQ69  oxpal.com

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #96 on: July 24, 2014, 10:58:01 pm »

One more: How careful do I have to be, since it's called beta? I'm up for trading around with it as it also helps the volume, thats really the only thing missing (other than that it seems very promising). But I assume I shouldn't put a bigger amount in it yet?

The beta label doesn't imply we are aware of any bugs; it's rather a way of saying the software hasn't been run extensively for a long time yet. But since all the transactions information can be found in the blockchains and the server information is redundant, a potential bug that caused a server crash would not place any deposits in jeopardy.

MGW has been working great this first week, but if you need help to feel more confident in depositing larger amounts,

1) Migration of the servers to their three separate final hosts (nxthaus, mynxt and frohicke) should happen soon
2) chanc3r is reviewing the MGW code
3) an insurance service for MGW deposits is on the works

Coinmarketcap could also use as one exchange for determining the NXT price... since they have the asset functionality anyways.

Good point, both volume and price in CMC should keep an eye on the AE for coin assets. The change right now would be very small due to early low volume, but eventually they'll need to hook up.
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1

P2PGuy

  • Sr. Member
  • ****
  • Karma: +28/-4
  • Offline Offline
  • Posts: 329
    • View Profile
    • NXT Studios
Re: Nxt Multigateway Website is online!
« Reply #97 on: July 24, 2014, 11:01:07 pm »

NXT Studios has just delivered a Direct Response film for NXT Multigateway (MGW).  http://nxtstudios.org/mgw

The film clip is now available on the NXT Studios channel on Vimeo with a link to embed into any NXT website or NXT blog.

It is completely loop-able for constant website use, where appropriate.

Congratulations and great work to all team members who made the Multigateway.com website and MGW plugin possible.


NXT Studios - NXT Generation Entertainment

http://nxtstudios.org
Logged
NXTStudios - Asset ID: 9362920961691252117  NXT Studios http://nxtstudios.org

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #98 on: July 24, 2014, 11:39:34 pm »

One more: How careful do I have to be, since it's called beta? I'm up for trading around with it as it also helps the volume, thats really the only thing missing (other than that it seems very promising). But I assume I shouldn't put a bigger amount in it yet?

The beta label doesn't imply we are aware of any bugs; it's rather a way of saying the software hasn't been run extensively for a long time yet. But since all the transactions information can be found in the blockchains and the server information is redundant, a potential bug that caused a server crash would not place any deposits in jeopardy.

MGW has been working great this first week, but if you need help to feel more confident in depositing larger amounts,

1) Migration of the servers to their three separate final hosts (nxthaus, mynxt and frohicke) should happen soon
2) chanc3r is reviewing the MGW code
3) an insurance service for MGW deposits is on the works

Coinmarketcap could also use as one exchange for determining the NXT price... since they have the asset functionality anyways.

Good point, both volume and price in CMC should keep an eye on the AE for coin assets. The change right now would be very small due to early low volume, but eventually they'll need to hook up.
I think the most important aspect of "beta" is that I cannot guarantee 100% uptime of MGW servers as they are running on my development servers.
Throughout the beta testing, I am not aware of anything more than a few satoshis lost (due to valarmg's satoshi bug which has been fixed)
So, no guarantees on response time and of course, always chance of something bad to happen, hence the "beta" tag

Now, once the assets are in your account, then MGW has really no involvement for all AE transactions, so that part is as reliable as NXT AE
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

VanBreuk

  • Hero Member
  • *****
  • Karma: +362/-19
  • Offline Offline
  • Posts: 2772
    • View Profile
Re: Nxt Multigateway Website is online!
« Reply #99 on: July 26, 2014, 04:17:52 pm »

The Multigateway Supported Coins page has been updated with the latest additions to the work list :)
Logged
GPG Fingerprint: B020 D1C1 F289 3B2C 3577  9EAD 455D D175 5913 C7F1
Pages: 1 ... 3 4 [5] 6 7  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly