Questions tagged [nxt]

Questions about NXT are off topic. Nxt is an electronic cash like Bitcoin but PoS based and written from scratch in Java.

Filter by
Sorted by
Tagged with
6
votes
4answers
5k views

Ethereum vs NXT Comparison Chart?

Where can I find a comparison chart between these crypto 2.0 currencies like NXT and ethereum? What are some of the major advantages of each of these coins in relation to one another?
5
votes
1answer
763 views

What is Ardor and how is it different from NXT 1.x?

Ardor was recently announced as the successor to NXT 1.0 with backwards compatibility to NXT 1.x . How is it different from NXT v1.x?
5
votes
2answers
214 views

Problem of colored-coins/assets and other coins with a parent/child relationship of paying for fees with only the parent currency

I've looked into building out my own coin, but it was best to just piggy back on top of an existing blockchain like how colored coins and counterparty is doing it. But when going on this route, I run ...
5
votes
2answers
102 views

Can the coin symbol prefix in a cloned NXT blockchain start with a digit? [closed]

Creating a new blockchain with the Nxt Blockchain Creation Kit, is it possible to use a coin symbol prefix beginning with a digit in the wallet address? I get an error that the address is malformed ...
5
votes
1answer
294 views

Is it possible to have complete cold storage in NXT?

BTC has capability to create new account on offline computer and send some coins to and from that account without ever going online. Sending coins to that account is trivial. Sending from that ...
4
votes
3answers
1k views

How to make PoS system work?

In a r/bitcoin I've found the following statement: I think it should be noted that this paper covers a "pure" PoS system, but there have been some hacks to PoS systems to make them "work" (work ...
4
votes
1answer
6k views

NXT, Ignis, and Ardor Confusion. Purpose of NXT when there is Ignis / Ardor?

If NXT is switching to Ardor, what is the purpose of holding NXT? There is another snapshot that's happening with NXT for the coin Ignis, but how what's the purpose of Ardor then? So is Ignis the new ...
4
votes
1answer
622 views

Can someone explain the pitfalls of NXT Proof of Stake's potential issue of “nothing at stake”?

Many people talk about NXT Proof of Stake (PoS) being insecure due to the "nothing at stake" problem. I read up some posts about nothing at stake, but I still do not understand how it works. Can ...
4
votes
1answer
246 views

How does NXT prevent blockchain bloat since it does so many different things with its blockchain?

How does NXT prevent blockchain bloat since it has a built in message system and other features? Wouldn't the NXT blockchain grow to be really big in the future and pose a problem for people storing ...
4
votes
2answers
393 views

Are NXT messages stored on the blockchain and are they encrypted or publicly viewable?

Are nxt messages stored on the blockchain? What is the character limit on these messages? And are the messages encrypted or publically viewable? If they are public, is there a site to just view all ...
4
votes
2answers
230 views

PPC (peercoin) obsoleted by NXT?

PeerCoin has a Proof-of-Stake concept (and a small portion of Proof-of-Work), to secure the network. NXT is using only POS, which makes it even more energy efficient. Will NXT render PPC (PeerCoin) ...
4
votes
1answer
158 views

What are some of the pitfalls of a 100% proof of stake currency (pos) like NXT?

Bitcoin has the vulnerability of a 51% attack for a proof of work currency, but what pitfalls does a 100% proof of stake (pos) currency have like NXTcoin?
3
votes
1answer
4k views

How do I join the NXT 2.0 (Ardor) distribution if it isn't an ICO? And how does it affect NXT 1.0 holders?

Can someone explain to me how to join the NXT 2.0 (Ardor) distribution? I've been reading you can't buy into the coin initially or can you? Also how does this affect NXT 1.0 system? It seems to be one ...
3
votes
1answer
2k views

How to generate the public Nextcoin key (NXT)?

There doesnt seem to be an API call that returns the public key for my NXT account (with which I have not sent out any coins yet). The NXT wallet does display the public key after I log in, but how ...
3
votes
1answer
85 views

Why are Lighthouse campaigns limited to 684 pledges?

I'm curious to why is there a 684 transaction limit for each campaign when using the lighthouse crowd funding app. If I was wanting to raise 25 BTC for a project, the minimum that someone that would ...
3
votes
1answer
387 views

What are some counter arguments for NXT (nxtcoin) “premine” or initial distribution setup? [closed]

Whenever someone brings up NXT (nxtcoin) as a topic, many people's first reaction is the initial distribution of how nxt was setup. Many consider this a "premine" event and see it as a potential ...
3
votes
1answer
70 views

NXT Private blockchain changing the block generation time

By default the block time for nxt is 60 sec average this is question. This parameter can be changed to a lower time 10 sec for e.g? And if yes what would be the possible impacts (negative and ...
3
votes
1answer
571 views

How to setup https ssl letsencrypt for NXT / Ardor public nodes?

I want to run my own public nxt / ardor node, but I also want https (letsencrypt). I have a ubuntu server with apache 2.4 installed already. What are the steps to get this setup?
3
votes
2answers
211 views

How does Nxt agree on a chain when “active accounts” can be easily faked?

From what I understand, in Nxt, blocks are mined (or forged) using a system based on Proof-of-Stake where block creation works similarly to a lottery: people have tickets, and the more tickets you ...
3
votes
1answer
3k views

Where can I direct download the NXT blockchain data instead of from the client?

When installing the nxt nrs client from scratch I need to redownload the nxt_db database blockchain. Is there a place where I can just download it from directly on a fast connection? It seems that it ...
3
votes
1answer
981 views

How to store 30kb file using Decentralized Blockchain Data Storage on NXT (nxtcoin) by attach messages?

I'm curious to how would one store a 30kb file on the NXT blockchain since the NXT protocol can attach a 1000byte message. My test scenario is storing a 30kb midi file on the nxt blockchain and then ...
3
votes
1answer
455 views

What is a hallmark node in NXT (nxtcoin)?

What is the purpose of a hallmark node for NXT?
3
votes
1answer
210 views

How does one claim ownership of an NXT address?

Apparently, NTX uses very short addresses and a very small alphabet. There is a system designed to claim ownership of a given address, but I couldn't find much information on it. How is it handled in ...
3
votes
3answers
266 views

Are there any other blockchains that can spawn child-chains within their own blockchain like NXT's Ardor platform?

NXT is transitioning into a child-chain or sidechain type of blockchain as a service model. I know Bitcoin has the ability to issue colored coins on counterparty and colorcoins, but is there something ...
3
votes
1answer
741 views

How is the next forger decided in Nxt?

I've read both the Nxt whitepaper and many other resources on the wiki but I still can't seem to understand how exactly the forging process works. From what I understand, there are a bunch of online ...
3
votes
1answer
661 views

What is the equivalent of cold storage or paper wallet for NXT?

I want to be able to secure my NXT in cold storage. What are some ways of doing this? Since NXT is only accessible via a brain wallet, I can just store the passphrase on a paper, but what if I ...
2
votes
1answer
1k views

How do I join a NXT mining forging pool? And how do I register for payouts from the pool?

I found the following pool: http://pool.nxtcrypto.org/howto.html But I'm a bit unclear on these instructions: To claim your earnings, simply send an AM (can be empty or put whatever you want in ...
2
votes
1answer
895 views

How does forging work?

I am looking for a technical answer that explains how are validated the forged block. I already looked in the NXT wiki and in their white paper and found no detailed explanation.
2
votes
3answers
208 views

What prevented NXT from being distributed the same way bitcoins are?

As Nxt's generating accounts receive now the transaction fees of the transactions included in the block they forged, it would be possible to add some new NXT to the balance of the generating account, ...
2
votes
1answer
167 views

What is a public NXT api i can access?

Is there a public site where you can access the nxt api? like how blockchain.info does it. all i want to do is make queries to retrieve all the messages in the nxt network to see the activity.
2
votes
1answer
147 views

NXT single address per user vs bitcoin single address per transaction

In bitcoin, the anonymity is ensured by creating a new address for each transaction and by associating this address with a wallet. As far as I understand, with NXT, you use your account (calculated by ...
2
votes
1answer
65 views

NXT clone paramiters [closed]

Hi am looking at creating a currency using NXT creation generator and have been looking for parts in the code to modify and test, this is more of a learning experience for myself. Is there a way to ...
2
votes
1answer
345 views

Installation of Nxt on Ubuntu

I'd like to install Nxt on Ubuntu (a private node). I am a beginner and have no clue about how to do that. Is there anyone out there that could give me some directions/advices ? Any help would be ...
2
votes
1answer
132 views

Access the NXT / Ardor database console?

I want to do some queries on the H2 database. How can I access this console that lets me type in commands.
2
votes
1answer
285 views

How do you access the NXT testnet to test out new features of the system?

I downloaded the new nxt platform and want to try out the testnet system for new features. How do you get the testnet running on your local system?
2
votes
1answer
4k views

How is a NXT account address generated? Why do we need to send out a transaction in NXT to secure the address?

I'm setting up an account and noticed: The recipient account is an unknown account, meaning it has never had an incoming or outgoing transaction. To submit this request you must supply the recipient ...
2
votes
1answer
4k views

What is the block / confirmation time for NXT coin?

what is the block time to get my transaction confirmation? Do i still have to wait 10+ minutes to make sure a double spend didnt happen?
2
votes
1answer
59 views

In the NXT register alias dialog pop up, what is the DEADLINE text field for?

What is the deadline text field for in NXT register alias?
2
votes
1answer
76 views

How to change Nxt/Ardor wallet settings to keep the account ledger table untrimmed?

For purposes of extracting all transactions of an Nxt/Ardor account, it would be very useful to export the complete account ledger table. Is it then enough to just set nxt.ledgerTrimKeep=0 and nxt....
2
votes
1answer
148 views

What is the algorithm used to sign data within Nxt?

I understand that Nxt uses Curve25519 to generate pubkeys for user accounts, however, I can't find a reference that states what which signing algorithm/process is used for transactions and blocks. (...
2
votes
0answers
3k views

NXT - What is the difference between an Asset and a Currency?

Reading the NXT website, it talks about an Asset Exchange and a Monetary System. First seems to be regarding assets, while the second article one is talking about currencies. Is there any difference ...
1
vote
3answers
314 views

How would the OpenBazaar or NXT decentralized marketplace / eBay / Craigslist work?

Since NXT and OpenBazaar are building a decentralized marketplace, how would this work since there is no middle party to mediate if an issue arises? What are some proposed solutions to a ...
1
vote
2answers
332 views

NXT uses transparent forging to detect who will solve the blocks. How can DDOS be prevented?

Since NXT does transparent forging and it select a node to be the main one to solve blocks. How does it prevent a DDOS attack? And if a ddos was sucessful on the node during forging, what happens then?...
1
vote
1answer
141 views

How can you tell if a NXT public node is an archival node?

I'm looking to build a chrome app that queries the nxt decentralized data cloud using peerexplorers api public ip addresses here: http://www.peerexplorer.com/peerexplorer-api The question I have is ...
1
vote
2answers
223 views

Where can I access a NXT public testnet node?

Was wondering where can I access a public NXT testnet node?
1
vote
2answers
180 views

What is the maximum character length when sending a NXT message?

I'm looking to see whats the limit of characters a nxt message can contain.
1
vote
3answers
828 views

In NXT, what is the difference from Account ID and Account Numeric ID?

For NXT, why are there 2 different ways of identifying your NXT account? There is a Account ID and Account Numeric ID. What was the differences and why was it done like this? What are advantages/...
1
vote
1answer
34 views

Can an account prefix in a NXT clone blockchain be longer than three characters?

I'm getting errors setting up the account prefix after cloning NXT with the Nxt Blockchain Creation Kit. Are there restrictions on how many characters?
1
vote
2answers
202 views

What is the ideal public nxt.properties config file for a public facing node for NXT / Ardor?

I can't find a template for nxt.properties when running a public node. Is there a public template I can just copy and paste and make some adjustments for NXT / Ardor?
1
vote
1answer
64 views

Send an email when there is activity on a NXT / Ardor account address in php?

Let say I have a nxt node up on my lamp server and I want to monitor a few NXT / Ardor addresses for activity and then email me. How can this be done? Is there a special setting or a snippet of php ...