NXTER.ORG

NXT Parallel Chains

What are PARALLEL CHAINS

Come-from-Beyond, March 2014:

RFC: Parallel Chains concept
Only TL;DR version, coz noone would read a full one.

Master Chain
Contains only checkpoints of all slave chains. Checkpointing is done once a day and only when 1440 blocks r built on top of the corresponding slave chain. Master chain is never pruned. Growth rate is [32 bytes * numberOfSlaveChain] per day. Master chain must be visible to everyone and be forged by everyone. It’s a point of synchronization.

Slave Chains
Contains only 1 type of transactions. Different currencies can be implemented as different chains. Forgers can choose what chains to secure. The market balances TPS rate.

Migration plan
Create slave chains that implement all transactions types existing in Nxt. Add a new type for checkpointing. Reject attempts to include non-checkpointing transactions into the master chain.

Side-effects
The Chinese could use a separate currency inside their borders for very high TPS rates. Only checkpointing transactions have to bypass Great Firewall of China. Speculators provide currency exchange service – the business they love to do. NXTs become “tokens”, users buy them for fiat to spend for fees, it’s similar to prepaid coupons/tickets for provided services.

And how to translate that?

Anon136:

We get our security from the chain that everyone can access (since security is a function of the distribution of the stake) and our performance from a more specialized chain.

CIYAM Open:

The parallel blockchains is an idea that I think can help us toward our seemingly schizophrenic goals (to be both a Raspberry Pi friendly “eco-coin” and a “blistering TPM monster”) as well as help TF in places where internet to the “outside” is at times blocked or generally slowed down.

We can “have our cake and eat it to” by having say an NHS (NXT high speed) parallel chain that is only being forged by powerful hubs capable of handling huge amounts of TPM whilst the main part of the network could be forging standard NXT on low-grade hardware. 

The suggestion is NXG (Nxt Green or Nxt Gen if you prefer) which would be a separate currency to NXT but still based on NxtCore. 

It [Parallel Chains] would allow for TF in a country that is blocking or slowing down access to the main chain (also allowing for “local/community currencies” that might appeal to some).

If we added a few extra APIs that control things like fees then it would make it very simple to “add a blockchain” to a client.

Landomata:

Basically you could have NxtINDIA client linked to only NxtINDIA chain…..& NxtCHINA client to NxtCHINA chain. etc.

CIYAM Open:

Also it would mean that there is less incentive to clone Nxt (particularly if the motivation for doing that is because of the “initial distribution”).

Jack Needles:

Can someone explain to me how alternate currencies would benefit from this NXT integration?

CIYAM Open:

The most obvious benefit is you get the Nxt *team* behind you (if you *clone* then you are *on your own*).

Also we could make a Nxt PC (parallel chain) *generator app* so that creating your own currency could be as easy as pointing and clicking.

ChuckOne:

Imagine a chain generator. That would take away the nasty work of creating a coin for you by setting some parameters.

Article: Nxt [CORE]: Monetary System

CIYAM Open:

The benefit for Nxt is to not have a divided community – each group could have their own NXG and the Nxt community as a whole will be stronger.

With multiple parallel blockchains running side-by-side, Nxt will be able to provide cloud storage and file sharing apps. The principle behind these applications is using different blockchains for different purposes: one for file storage, one for messages, and so on. Each app will use only a specific blockchain(s) and won’t be spammed by the others. Additionally, with blockchain pruning, users will not need to download large blockchains as they do now with Bitcoin and its forks.

Also, you might be interested in: NXT Solutions – decentralized internet

NXT Solutions – financial decentralization

Financial freedom

The last twenty years has heralded the transition from analog to digital systems.  Most of us have no idea how people used to obtain information before the existence of the Internet.  Every person born today will use digital replacements to obtain the information that used to be delivered by centralized sources such as newspapers, television, theaters, books, radio, etc.  Each of these analog information delivery systems have been based on a model of centralization.

Thanks to the evolution of technology, the cryptocurrency movement has today the ability to decentralize the operations of the world financial system with amazing new features.

The introduction of the Internet has heralded an information revolution.  Freedom of sharing, large neutrality, and universality are key values at the core of our digital world today.  By design the Internet allows the instant and viral spread of information, while also providing a permanent record of the data transmitted over the network.

Legacy financial markets today share similarities to the pre- Internet era. Large banks, international exchanges, rating companies, or even the central banks, are similar to the news corporations, the book publishers and the moviemakers of the analog era. These financial markets still operate on an analog model of centralization; still providing possible single points of failure.

The primary advantage of centralization is that is allows for centralized control.  The creators of the current financial system allege that our current system was designed and built for the good of the many.  However the fact remains that the power and control of the world financial systems remains in the hands of a few people now grasping to retain control of the status quo.  The current legacy financial system was built in the past with outdated tools and technology.  Thanks to the evolution of technology, the cryptocurrency movement has today the ability to decentralize the operations of the world financial system with amazing new features.

This evolution of finance driven by cryptocurrencies will bring the ability to engage in finance to people that have been denied this ability by the centralized status quo.

The cryptocurrency movement, and specifically the Next (symbol NXT) currency, values the interactions of many small, vested, players than the decisions of a small, yet powerful, number of entities.

Over past few weeks  the Bitcoin (symbol BTC) currency suffered the abrupt closing of its largest exchange, Mt. Gox.  Bitcoin lost $1 billion in market capitalization in about 48 hours between February 24th and February 26th, accounting for about 12% of its total market value.

What lessons should be learned from the Mt. Gox default of February 2014? The first large payment default of the digital financial market era has illustrated that even within decentralized systems, power and resources will congregate if not given a reasonable alternative.  The total loss at Mt. Gox is approximately 774,000 Bitcoins, or $335 Million USD and could have been prevented with adequate internal controls within the Mt. Gox exchange.  The centralized exchange Mt. Gox failed to provide adequate internal controls and failed due to theft, becoming a single point of failure due to the reliance on a model of centralization.

Defaulting, in the traditional world, is a very common thing. It has happened dozen of times, and over again.  Countries, corporations, wealthy individuals have defaulted. Not that nobody cared, but the world survived.

The financial markets, traditional, or cryptocurrency based, are built on trust. Trust underlies all traded assets, whether Dollars, Euros, or Bitcoins. When any reasonable market player starts to worry whether her asset will still be worth something tomorrow, that market player will attempt trade it against something safer very soon.

The features of the Nxt Cryptocurrency Ecosystem include 100% Proof of Stake system, Decentralized Asset Exchange, and Automated Transactions on which logic can be built.

The Bitcoin market lost more than 10% of its market capitalization in 24 hours, largely due to panic resulting from the Mt. Gox Bitcoin Debacle.  Yet many rational people are purchasing 400€ Bitcoin, providing support to the market (outside of Mt. Gox).  Despite the bankruptcy or corruption of one major centralized cryptocurrency exchange and despite the machinations of politicians worldwide using such descriptions as “evil tool”, “used by criminals”, “largely speculative”, and  “relying on manipulated markets”, people worldwide continue to purchase cryptocurrencies to escape the analog financial system rife with single points of failure.

The underlying value of cryptocurrencies that makes them resilient even in the face of attempts by corrupt politicians to suppress them is decentralization.  Cryptocurrencies are still young and evolving to break their ties to centralized models of finance.  This evolution of finance driven by cryptocurrencies will bring the ability to engage in finance to people that have been denied this ability by the centralized status quo.

Today, Bitcoin is only the first step in the direction of decentralized global financial interaction. It is today paying the first mover price. Tomorrow, a new generation will follow. It is being led by Next (symbol NXT), which offers more decentralization than Bitcoin. It has the same basics, but Next has a lot more to offer to its users. The features of the Next Cryptocurrency Ecosystem include 100% Proof of Stake system, Decentralized Asset Exchange, and Automated Transactions on which logic can be built. The Next Cryptocurrency Ecosystem facilitates super fast transaction confirmations. Another feature is Transparent Forging, which allows the network to know which single node is about to create the next transactions block, eliminating unnecessary computing load on the network. More decentralization means less control by the few, and more resilience of a system that empowers those who own a stake in its success.

Very few in the eighties would have imagined what the Internet is today. We are building a new financial world and as many have wrote recently, it won’t be easy nor quick. But one day, the world will be contemplating an entirely digital and decentralized financial system that is deeply different than what it is today. The Next Cryptocurrency Ecosystem leads this revolution in establishing a decentralized financial system.

This article was written by frmelin. 

You might want to read this article too… NXT Solutions – decentralized internet

NXT Solutions – decentralized internet

Nxt or NxtCoin? NxtCash?

What exactly is Nxt, and what makes it a 2. generation crypto currency?

Decentralized Web

privacy

People started to realize they have almost no privacy on the internet in last years. More and more web users are looking for free an independent network without any restrictions and spy agencies. John Perry Barlow in his 1996’s manifesto asked for naturally independent internet without any methods of enforcement from the governments. His ideas weren’t accepted, so today Google comprises 25 per cent of all North American Internet traffic. You cannot access Facebook in Bangladesh or China. At some escalated days you couldn’t use Twitter (and Facebook) also in Egypt, Iran, Syria, South Korea or Tajikistan. These restrictions are quite small if you compare them to the different kind of manipulation: internet controlled by major players: Google, Amazon and Microsoft.

Amazon Web Services decided to pull the WikiLeaks website from its servers in 2010.  They said it was a violation of their terms of service, but Amazon was also under a political pressure. This incident raised questions about freedom in independent media. Google removes 1300 sites every year by government requests from 25 countries, including Cyprus, France or Japan. The problem with Google Compute Engine or Microsoft Azure is in a monitoring system which controls its functioning. This regulation needs to be very massive, because users want to view only very limited content on their mobile platforms.

If you look at Apple, they are selling iPhones with iOs or iTunes, but they also decided to launch iPad news publication controlled by Rupert Murdoch’s corporation. The readers of this iNewspaper will be able to read only texts approved by one company. Edward Snowden’s leaks brought another reason not to trust centralized cloud systems: Security Agencies were secretly collecting users’ data from data centers owned by Google or Yahoo. The fear of hidden back doors opened debates about need of truly decentralized internet network.

In centralized web all your data, used searches, messages, photos and videos are owned by corporations who know everything about you. There is no online privacy on the internet in 2013. Corporations are trying to create a new internet 2.0, where all information is stored on cloud services. So you will be able to access your files on your mobile phone, tablet and notebook. This way you are going to lose all privacy.  Pakistan already implemented a mandatory biometric regime for SIM-card users. All fingerprints used for purchases can now be used for the state fingerprint database. On the other hand in Mexican village Talea de Castro was built an independent mobile network, without any control of state governments or big corporations.

There are some places where decentralized network connects some local areas. Project Guifi started in 2000s by Ramon Roca. This local network has got more than 21.000 wireless nodes, most of them from Catalonia. Its users communicate with each other P2P. This project now hosts web servers, videoconferencing services and internet radio broadcasts. This system is based on radio wireless network, so it would work also if the internet was shot down. Very similar network based in the US is Hyperboria, a virtual meshnet that runs P2P through the existing internet. So it needs internet connection, but its content is unreachable by centralized servers.

Internet is centralized thanks to ISPs’ (internet service providers) switches. That’s why could be protesters in Egypt unplugged on 28 January 2011. This might be prevented by decentralized systems with enabled internet connection between all computers in the network. Decentralized computing can be used for file sharing, payments and all kinds of online communication. It is based on a peer-to-peer applications running on several local computers, whose connect remotely to each other.

One of the implementation of decentralized internet is a lightweight version of the free Linux operating system invented by Jacob Cook (ArkOS). It has a big advantage of its cheap maintenance: you can run it on Raspberry Pi, a little microcomputer, cheaper and smaller than your mobile phone. It allows hosting for any data that you can access anywhere. This way users don’t have to use Dropbox or Amazon, services owned by someone else.

Bitcloud will try to make anonymous internet, with invention of routing traffic in a brand new mesh network (= Proof of Bandwidth). So the internet providers won’t be needed. It’s already aiming for replacing YouTube, Netflix, Hulu, Soundcloud or Spotify. It is quite similar to MaidSafe, which is a bitcoin for data that aspires to replace Skype, Facebook, Dropbox, Tor or Wuala.

A few years ago was created Diaspora, distributed and decentralized social network. The problem is even this project was backed by specific organization (Free Software Support Network) which means centralization. The FreedomBox brought decentralized system of encrypted voice and text communication. Anyone can anonymously talk to the media or public using FreedomBox, even from countries censored by governments. However FreedomBox foundation is a Delaware nonprofit corporation – so even this project is based on centralized group of people. Their goal was to eventually replace Facebook/Twitter/Flicker, but they didn’t complete the application yet. Also using a Kickstarter and payment by Amazon for funding is very centralized way of getting to the system. Almost four years after the Kickstarter funding ($86.724) the backers still didn’t obtain an application they paid for.

All these programs had a problem with getting a mass adoption. They were so specific, that they couldn’t find a relevant number of users. So Identi.ca and GNU social didn’t replace Facebook,  MegaParleyScramble,StartMailBitMessageDarkmailFlowingMail or Pond didn’t gain as many users as Gmail. That’s why is important to have one solution that could easily maintain the whole decentralized internet. 

Nxt solutions

nxt_pearlss

If you want to enter the game as a decentralized application, starting as a currency to obtain a wide distribution is a good place to start. All of the above mentioned projects have had problems with integration and distribution.Nxt started as the first pure Proof of Stake cryptocurrency in November 2013, and since then – in just a few short months – it has gained more than 20.000 users. The first part of BCNext’s plan, the anonymous inventor of Nxt, was spreading the monetary system among as many users as possible to create a network of decentralized P2P computers (nodes). This network is based on a lightweight client running on each connected node, so it can send data directly P2P. Thanks to the new code, it can provide up to 100 transactions per second.

Nxt uses an efficient system to maintain the network by using much lower processing power and electricity than is needed for Bitcoin and its clones. It is important to stay decentralized, by forming the Nxt network from thousands of users from all over the world, so this system cannot be censored. You cannot point to any owner of the Nxt system. Ordinary users don’t own Nxt coins, they only know the passphrase to a Nxt brainwallet. This means that no legal entity can take Nxt coins from you… There is no creator to blame, no specific user to arrest, and you cannot take the Nxt network down. Nobody can censor P2P networks. Nxt also is notvulnerable to 51% attacks like Bitcoin, so even if someone owns 90% of all Nxt coins, the Nxt network is secured thanks to Transparent Forging algorithms.

Nxt evolved after the second part BCNext’s plan was revealed. Nxt coins cannot only be used as currency, they can also be the building blocks to implement any other project on top of the Nxt platform. Different people may have different ideas. Nxt will provide a platform for easy creation of new currencies. Thousands of cryptocurrencies can be built on top of the Nxt network. They are maintained on Nxt blockchain, but they will have their own environment. Also, people can use assets to issue new coins, so they can easily create their own monetary system via the recently implemented asset exchange. All will be secured by Nxt’s green and attack-proof environment. It is up to the creators of those coins, whether their currency will be Proof of Work (Dogecoin), Stake (Peercoin), Bandwidth (Lakshmi, Bitcloud), Burn (Counterparty) or even Learning and Content (UNITAS project). These coins can be used for different purposes– as redeemable “points” and “credits” for businesses and organizations, as redeemable tokens for prepurchases, or local community and even national currencies. Iceland is introducing Auroracoin, when half of all coins will be sent to all of the Iceland inhabitants. Nxt could eventually replace even US Dollars.

Nxt applications similar to Twitter and Viber (messages app) are now available. Soon, the first game built on top of the Nxt network will be published: a decentralized Poker game. It is very simple to create new applications for Nxt. Nxt will be like Lego for cryptocurrencies. Developers can build anything they imagine on top of Nxt.
Nxt Arbitrary Messages lead us to the true decentralized web – torrent files have already been sent via this network. With multiple parallel blockchains running side-by-side, Nxt will be able to provide cloud storage andfile sharing apps. The principle behind these applications is using different blockchains for different purposes: one for file storage, one for messages, and so on. Each app will use only a specific blockchain(s) and won’t be spammed by the others. Additionally, with blockchain pruning, users will not need to download large blockchains as they do now with Bitcoin and its forks.

Other functions based on Zerocoin and mixing services can provide a completely anonymous infrastructure that was originally built in the Phantom protocol – a decentralized network that focuses on the anonymization of users. Currently, Bitcoin and Nxt are only pseudonymous – transactions from the same account can still be linked to each other. With the Zerocoin feature integrated into the NXT core, it will be mathematically infeasible to link the particular coins used by each user.

Decentralized computing systems built on the Nxt platform could locally solve all kinds of research projects. Thanks to the extremely fast Nxt network, home computers can work on mathematical projects so their owners may receive crypto coins. With built-in decentralized exchanges, such coins can be immediately exchanged for other coins. Currently being tested, the decentralized Asset Exchange allows users to transform these coins into assets for fiat currencies, shares or commodities such as silver and gold. Anyone can use these exchanges without any restrictions of high fees. Asset exchange will replace “kickstarter websites” because with Nxt you can create a kickstarter crowdfunding project without any 3rd party.

Nxt uses small fees, and these fees are always returning to the users who maintain the Nxt network. While fees in VISA or PayPal system go to the centralized corporations, in the Nxt ecosystem, they are distributed fairly between users. While Bitcoin is capable of 7 transactions per second (TPS), Nxt is going to have 100 and then even 1000 TPS, so Nxt payment network might replace VISA eventually.

Nxt will be soon cooperating with DAC (Distributed Autonomous Corporations), such as Bitcloud or ArkOS. Automated Transactions, the Turing-complete scripts, are already being developed. With Bitcloud, nodes on a mesh network can be rewarded financially for routing traffic in a brand new mesh network. This removes the need for Internet Service Providers. The goal is always same: to replace YouTube, Dropbox, Facebook, Spotify, and others with decentralized, open source alternatives.
ArkOS and Nxt systems are very ecofriendly, you can run Nxt on a Raspberri Pi too. Possible merging of these projects may lead to a future of free, decentralized and green internet. Especially if the programs created on top of Nxt network used applications similar to ArkOS.

Currently, United States Federal Grants have been used to invest into installing Fiber Optic Cables. The fiber was installed and then control turned over to Kitsap County Public Utility District. Then, it was forbidden from selling access to this fiber. So instead, they have installed a free mesh network providing access to the communities of Poulsbo, Bainbridge Island, Bremerton, and Port Orchard. NXT Cubietrucks or Odroids connected to federally funded community WIFI mesh connections will connection redundancy to the Nxt network.

Another example of the grassroots deployment of a Commotion Wireless firmware based mesh network is in Brooklyn New York following Hurricane Sandy at the request of the local authorities. This mesh network exists to this day and is served by a donated fiber optic backhaul. The network serves over 500 residents who access it with iPhones, Androids, and other WIFI client devices. The mesh network was deployed by a small group of wireless networking enthusiasts utilizing Ubiquiti Networks Picostations and Nanostations and federally unlicensed wireless spectrum.

These two examples of currently existing community wireless mesh networks are perfect candidates and examples of existing decentralized networking that can be immediately integrated into the operation of the Nxt network. The Commotion Wireless project is active is Seattle and many other major US cities. Wireless mesh networking holds the capability of creating geographic mesh networks that interconnect globally via existing fiber optic backhaul, sidestepping the stranglehold of telecommunications providers worldwide. The day the Nxt network has sufficient backhaul redundancy through mesh networking will be a glorious one indeed, as Nxt data will no longer be required to traverse legacy information channels dominated by government sanctioned communication oligopolies.

The third part of BCNext’s plan will be released on April 2014. It will most likely be his idea about building all kinds of decentralized applications on top of Nxt’s green network. Since the Nxt system is democratic and users will be able to vote on all important decisions, people do not have to follow BCNext’s plans and can continue with Nxt as a simple currency. This is one of the most important aspects of Nxt: the creator BCNext has no power over Nxt and he cannot control its development. All the power is in the hands of independent developers and code reviewers, with input from the community. He can only suggest new ideas, but he cannot implement them directly in the protocol. Nxt has no benevolent dictator, no sponsoring company or corporation. Instead Nxt is organized around active users and contributors. Some people have already begun to work on new coins and other implementations, so BCNext’s plan will likely be fulfilled as well as inspire new ideas.

Nxt is one step ahead of all other decentralized platforms thanks to its kickstart as a cryptocurrency. It is now ready to become a new decentralized internet. Nxt provides a powerful and flexible platform for developers, allowing them to easily develop new applications for Nxt. Thanks to the great community behind it, from the participants of the now almost two thousand pages of discussion in the Nxt Bitcointalk “pub” thread, as well as other forums. Nxt has achieved so much in such little time. Anyone can join this fantastic group of open-minded individuals and make a positive contribution. You can join Nxt at http://mynxt.org / http://nxtcrypto.org /http://bitcointalk.org/index.php?topic=345619.0 to learn more.

Nxt is looking for Developers to build new applications on top of the Nxt green and fast network, please contact us at: nxtsalsacz@gmail.com We can also help all exchanges and online projects to accept Nxt. Nxt is already supported on http://coinpayments.net

Sources:

http://www.newyorker.com/online/blogs/elements/2013/12/the-mission-to-decentralize-the-internet.html
http://en.wikipedia.org/wiki/Censorship_of_Facebook
http://en.wikipedia.org/wiki/Censorship_of_Twitter
https://projects.eff.org/~barlow/Declaration-Final.html
http://aws.amazon.com/message/65348/
http://www.theguardian.com/media/2010/dec/03/wikileaks-us-censorship-row
http://www.theguardian.com/commentisfree/cifamerica/2010/dec/03/wikileaks-amazon-takedown-censorship
http://www.google.com/transparencyreport/removals/government/
http://www.insidehighered.com/views/2011/05/02/slavoj_zizek_essay_on_cloud_computing_and_privacy
http://nakedsecurity.sophos.com/2012/02/24/activists-creating-decentralized-mesh-network-that-cant-be-blocked-filtered-or-silenced/
http://en.wikipedia.org/wiki/Decentralized_computing
http://www.newyorker.com/online/blogs/elements/2013/12/the-mission-to-decentralize-the-internet.html
https://freedomboxfoundation.org
https://www.kickstarter.com/projects/721744279/push-the-freedombox-foundation-from-0-to-60-in-30/
http://www.wired.co.uk/news/archive/2014-01/27/bitcloud
https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md
http://www.bbc.co.uk/news/technology-25858629
http://libertyblitzkrieg.com/2013/08/13/meet-the-meshnet-a-new-wave-of-decentralized-internet-access/
http://www.wired.co.uk/news/archive/2014-02/06/tim-berners-lee-reclaim-the-web
http://www.reddit.com/r/Bitcoin/comments/1vd2r1/we_want_to_replace_youtube_dropbox_facebook/
http://www.reddit.com/r/Bitcoin/comments/1vd2r1/we_want_to_replace_youtube_dropbox_facebook/
http://www.cl.cam.ac.uk/teaching/2003/AdvSysTop/grid-p2p-paper.pdf
http://www.ict.ox.ac.uk/oxford/strategy/1996/papers/itstratx.dis
http://www.ict.ox.ac.uk/oxford/strategy/1996/papers/itstratx.dis
http://www.nytimes.com/2011/02/16/nyregion/16about.html?_r=0

Written by Salsacz. Nxt acc. 7781647458681721013

NXT Funds Committees

Nxt TechDev Committee

Jean-Luc
l8orre
abuelau
Anon136
EmoneyRu

nxt_techdev

Read more about the elected candidates: nxter.org/Nxt-TechDev-Committee

Nxt Infrastructure Committee

marcus03
EvilDave
chanc3r
ferment
ChuckOne

nxt_infrastructure

Read more about the elected candidates: nxter.org/Nxt-Infrastructure-Committee

Nxt Marketingfund Committee

allwelder
Damelon
Joefox
brooklynbtc
Salsacz

nxt_marketing

Read more about the elected candidates: nxter.ohererg/Nxt-Marketingfund-Committee

Congratulations to all elected members of the committees!

This healthy bunch of good Nxters, are now the gatekeepers of our Unclaimed NxtCoins.

This is what went before the election:
https://bitcointalk.org/index.php?topic=345619.msg5280786#msg5280786

 

 

NXT Myths #1

This is the first part of the NxtMyths SERIES
Written by Salsacz, released Jan. 16, 2014. (Nxt acc. 15003961341330858247)

Nxt is not a scam

  • Nxt was invented by anonymous programmer.
  • Nxt’s source code is being reviewed by known developers.
  • New code implementations will be approved by democratic voting.
Nxt was invented by BCNext, who is a programmer at the age of 35+, who lives in Europe.[1]
He is a veteran member of Bitcointalk forum, but he stays anonymous like Satoshi Nakamoto.[2]
He can still reveal his identity, as he promised.[3] BCNext prefers to work on creating the project alone. He paid a team of core developers to help him with the client and create some functionalities like decentralized exchanges.

 

One member of the core development team Come-from-Beyond was paid by BCNext to work on Nxt from October 2013 till April 2014.[4] Come-from-Beyond is a 34 years old programmer from Minsk in Belarus.[5]

 

On January 2014 joined Jean-Luc a core team as a non-paid programmer.[6] He has a Phd, probably comes from Switzerland (or France) and already celebrated his 30th birthday.[7] Jean-Luc’s duty is to work on the code. Jean owns nice amount of NXT, that’s why he is programming for free, for the benefit of his own investment. BCNext was only an inventor, others will continue on his legacy and rewrite his ideas into a better looking Java codes.

 

After the release of the source code started many developers with code corrections. A few Greek IT experts from Thessaloniki and Athens are being paid for reviewing the code by the original stakeholder Klee who is managing them.[8] Klee spent a huge part of his Nxt on donations, bounties and giveaways.[9] He doesn’t hide his real identity, so he is moderating Facebook group Ubiquitous Cryptocurrencies under his real name.[10] The names of his team were also revealed. There were only 8 original stakeholders who paid 1 Bitcoin during open IPO.[11] Each of them got 50 million NXT, Klee is one of them. In January 2014 only 4 of these 8 original stakeholders own more than 30 million NXT.[12]

 

There are at least seven developers who are working on the Nxt’s applications fulltime: Abuelau, ferment, nexern, NxtChg and Graviton with his assistant, who helps him with the biggest Nxt exchange. This list isn’t finite, there are many new Nxt developers, like Marcus03 or wesleyh with their fantastic apps. There are tenths of helpers, translators, authors of articles, but people who said that they “work” for Nxt fulltime or at least halftime are: Joefox, Opticalcarrier, Pinarello and Salsacz.

 

500 different people had already been discussing at the main Nxt thread in Bitcointalk.[13]Once there were 93 active nicks in last 3 days. In the middle of January they reached 20.000 posts at the page of 1000. The statistic from the end of 2013 shows the biggest spammers of the Bitcointalk topic: Come-from-Beyond (2005), laowai80 (460), klee (324), smaragda (304) and opticalcarrier (211). 15.000 people own Nxt account, this number rises by 200-400 every day.[14] 500 users own more than 100.000 NXT, 2.000 stakeholders own more than 1000 NXT.[15]

 

Nxt network of peers has got members from all over the world. Most people come from the United States, but there is also a big community in Germany, Hong Kong, Russia, United Kingdom, Japan and Netherlands. There is one user from Iceland, Jamaica, Panama, Ethiopia or Israel.[16] Some of the Nxt Wiki pages have already been translated into 11 languages.[17]

 

Nxt is still a small group of individuals who have no centralized place. Nxt is a decentralized currency, that’s why there are more Nxt forums, exchanges, sites, social media profiles and also marketing groups. There will never be any main leader. All decisions in Nxt will be based on democratic voting.
 

 

Questions for BCNext

January 2014:

 

Q:  Why was the initial funding cancelled suddenly with few people?
A:  I wanted Nxt to be launched by the community, not by a single person.  Success of Nxt is supposed to be achieved by work of a LOT of PEOPLE.
Q:  How would you solve problem with scam accusations according to “unfair” distribution Nxt to 73 big stakeholders?
A:  This problem can not be solved.  Even if we had a million stakeholders the rest seven billion people would call this unfair.  A world with the money can not be perfect.
Q:  What are the most important 5 things the community should do, in order to properly support Nxt in the next 6 months?
A:  Review all my ideas, they might be flawed.  Avoid centralization.  Do not pay much attention to the price of 1 NXT measured in fiat money.  Remember that half-measures is a way to nowhere.  Do not trust strangers on the Internet, especially if their nickname is “BCNext”.

 

November 2013:

 

Q: how many bitcoins are you going to contribute? (are you going to keep the coins you contributed yourself?  or you will take a creator cut (certain %)
A: I don’t know how much I will contribute.  This depends on the price of Bitcoin and some other factors.  These bitcoins, like the others, will be used to pay bounties for development.  No creator cut.
BCNext’s citations:
A lot of time was spent on talking, the outcome did not satisfied me.  That is why now I am working alone.  The things are implemented much faster this way.[18]

 

What others said about BCNext


Come-from-Beyond:
 „I don’t think BCNext is interested in money. He spent more than he raised funds.“[19]
„With all my respect to BCNext, he is too paranoic about FBI/aliens/illuminati, they r not interested in kidnapping of yet-another-cryptocoin creator. I believe that was (unsuccessful) PR attempt. Fortunatelly, we don’t need him after the launch.“[20]

 

What is BCNext?
Next is next.
Salsa also thinks that „BC“ comes from the Proof of Stake article and referrs to „Beyond Cryptocurrency“.

 

What else do we know about BCNext?
He often uses special phrase „can not”. He is a genius who doesn’t care about money or glory.

 

BCNexts likes symbols:
Now we know about 3 symbolic numbers hidden in the world of Nxt:
–       3 January – the release of Nxt happened 5 years after the release of Bitcoin.
–       21 Bitcoins – The IPO was stopped in the time when were gathered 21 Bitcoins, i tis 1/1000.000 of the all existing Bitcoins from now on.
–       Anonymous BCNext – BCNext plays the same role as Satoshi Nakamoto. We don’t know who they are.

 


[1] This guess is based on assembler style in the code (Come-from-Beyond: „I noticed the same things, the code is written in back-to-90s style. The author definitely used to code in Assembler.http://www.reddit.com/r/nxtcoin/comments/1toz2d/warning_nxt_source_code_is_very_low_quality/ceafrr3) and the statistics of the posts of BCNext: https://bitcointalk.org/index.php?action=profile;u=152600;sa=statPanel.
[4]„I’m that guy who is developing the client, so I will publish updates until BCNext is back. If I disappear one of the 2 remaining guys will continue the work until Nxt is released as planned.“https://bitcointalk.org/index.php?topic=303898.msg3520138#msg3520138 „One of my employe is developing Nxt client.“ https://bitcointalk.org/index.php?topic=303898.msg3580883#msg3580883.
[5] https://bitcointalk.org/index.php?topic=113906.msg1230551#msg1230551. On the Chess site he also filled a Birthday, but since i tis January 1, it is probably fake due to the quick registration process http://www.chess.com/members/view/Come-from-Beyond.
[7] Some people say Jean-Luc uses french accent in his english, someone saw a new client in the peer list from the Switzerland, he used a CET in his signature. CET referrs to the timezone in the central Europe – from Spain to Slovakia. He also used a russian email, but they don’t use CET in Russia or Belarus.The information about Phd and age got author of this text by personal message from Jean-Luc.
[11] The list of original stakeholders is hardcoded to the sourcecode. More in the chapter 3 or: Salsacz, Where is Nxt from Original Stakeholders?, in: http://nxtcoin.blogspot.cz/2014/01/where-is-nxt-from-original-stakeholders.html.
[12] Ibidem.
[13] https://bitcointalk.org/index.php?topic=345619.msg4200359#msg4200359. The statistics from the next lines are based on this citation created by newcn.
[15] Originally based on the numbers from marcus03’s client https://bitcointalk.org/index.php?topic=414965.msg4508988#msg4508988.
[16] Bulgaria(1), Canada(2), China(2), Czech Republic(4), France(6), Germany(22), Hong Kong(20), Hungary(1), Iceland(1), Israel(1), Japan(12), Latvia(1), Lithuania(3), Luxembourg(1), Netherlands(7), Norway(3), Poland(1), Russia(21), Slovak Republic(1), Slovenia(1), Spain(2), Switzerland(2), Ukraine(5), United Kingdom(18), United States(177), http://peerexplorer.com/. Map:https://mapsengine.google.com/map/u/0/edit?mid=zDbwNrja6dlY.kwTCMrAWqtAQ
[18] https://109.201.133.195/index.php?topic=303898.360

Berlin Conference

Inside Bitcoins Conference

written by Salsacz.

Bitcoin conf is like a scifi convention with business cards and almost without women. All of them are just nerds in a different stadium of age or wealth. I had to spend 12 hours in 11 buses to get from South Bohemia to Berlin, but all was OK, now snow, so no complications. Me (salsacz), l8rrie and Bitventurere bought network passes, so we could talk business at the conf  hall, while admiral.fu, our sponsor who got t-shirts for us, flew from Sweden and bought a ticket for sessions. I brought business cards, they were essential, + stickers and infographic. It was also useful, some people wanted to talk about myths… But there was no problem to talk about PoS distribution, all Bitcoin lovers now know PoW is not perfect. Bitventurer (Hamburk) brought flyers and one surprise and l8rrie (local), it was our secret weapon, a developer of Asset exchange with very fluent english and native german was very useful 🙂 Btw I was buying not only a conf ticket, but also a hotel by Bitcoins, right before the crash, so I was lucky to sell all my Bitcoins 😀

The job of Nxt conf ambassador is very exhausting, you spend all day by talking about Nxt with tenths of guys. So your legs suffer, your voice and if you are not using your native language, the brain is tired too. So after first day I even didn’t have any dinner, I just passed after I came to the hotel room. It is very different than homeoffice and such jobs should be paid by gold 😀 Especially if you are also dealing with real business and need to decide how much you can spend on bribes for conference organisators. So we gave away one Nxt t-shirt. And little more.

What were the hot topics?
1.   You can build new coins on top of Nxt. We would really like to have some application for that, so you can create a new coin by clicking at one button
2.   Green energy
3.   100% Proof of stake
4.   Zerocoin protocol, Asset exchange
5.   Decentralized apps – twitter, facebook, email, storage, all decentralized and built on top of the Nxt
6.   Decentralized leadership and community
7.   Blockchain shrinking
8.   Positives over Ethereum
9.   DACs, Smart contracts, Lego platform from Ethereum
10.   Decentralized Games, Poker

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Which coins were at the conference?
–   Bitcoin – but only some miners..
–   Mastercoin – Mastercoin guys are very kind. We had nice chats, it looks like they are little disappointed with their situation. They have some plans to the future, but right now they even don’t advise to use it. So no competition, but very friendly guys
–   Nxt – 4 ambassadors + 1 guy from the topic, about 2 holders and 10 potential buyers, maybe more. Tons of people talked about buying Nxt so they could catch the train 🙂
How many naked ladies attended a convention?
– 0
I had a funny talk with a guy from Iceland mining company. But he didn’t know it. He was excited as he could answer my questions, but inside me I was rofling how screwed Bitcoins are thanks to this centralized machine. It is based on unfair pow mining that is much cheaper on Iceland. So it will become centralized. Another thing is, you can buy 1 ghash for a year for 8 Dollars. So it is now similar to Nxt. Buying their gigahashes is a proof of stake system, however leading to the centralization.

There weren’t a lot of journalists. But thanks to RT we got a nice attention on TV. A 4 minutes long spot about Bitcoins and Bitcoin conference was on air every hour in the news on RT. The spot from the conf was quite short and then with a little interview with some guy, but then the moderator went to the Bitcoin bar. I was quite surprised how sofisticated, informed and well instroduced were Bitcoins, however there was no place for altcoins or Nxt. Even the interview with BTC China guy wasn’t chosen.

The most interesting guy was probably the CEO from Cryptoventures, an experienced manager, who was born in Italy and the lived in Argentina, Spain and… London? L8rrie will surely provide much detailed info about discussed stuff. Nxt’s altcoins will become a currency in African states and in Casinos. This guy will help provide contacts. We need to provide an easy platform for creating and mainteaning such coins. So the new topic for Nxt article is definitely „How can coins built on top of Nxt’s platform become a national currency and how could they be used, mainteaned and regulated?“ + the same thing with casinos.

We talked with a lot of companies about coordination with Nxt. Or to get more dev contacts, we we would be able to build all decentralized internet on top of the Nxt. We intriduced Nxt to..30-50 people? So now we can cooperate with OpenCoin, Hive, BitAngels, Dots for Bits… Sadly there reren’t exchanges, only real life german and BTC China 😀 Also we have new contacts for crypto conventions, so we are invited to San Francisco (who will attend?), to Bitcoin Camp (Nevada?) and we also spent hours with the Texas guys. It was important to intriduce Nxt to all consultants, advisors and journalists, so now they can talk about Nxt to other more important persons. It was interesting to bank guys. There was a young ambassadors from Deutsche Bundesbank. They are trying to get to the cryptoworld somehow so they are researching the situation.

I am still too tired to think about it from the higher perspective. So just a little conclusion. We need to send 2-4 ambassadors to every Bitcoin conf/convention, it is really essential.

Salsacz takes donations in Nxt: 7781647458681721013
Resource: https://bitcointalk.org/index.php?topic=345619.msg5137706#msg5137706

NXT Chess Tournament

What happened to anonymity when playing online chess?

NXT bringing anonymous payments to the world of chess

This saturday the renowned FICS (free internet chess server) will be hosting the first in a series of 4 chess tournaments with anonymous payout to the winners. FICS has chosen the 2. generation crypto NXT for it’s currency, as it provides anonymous payments similar to Bitcoin but with blazing fast transactions, and it doesn’t rely on massive computing power and power consumption like the Bitcoin-network. „It’s green Nxt“ they say, because the networks can be powered even by 4-watt- consuming Raspberry Pi’s. At this very moment, NXT is in a final testphase of it’s inbuilt decentralized asset exchange feature, that allows decentralized trading and eliminates trading fees. The Nxt Asset Exchange will allow trustless trading for almost any currency and for almost any commodity, as the first in the world.

The use of cryptocurrency in online gaming might increase dramatically in the future. The Free Internet Chess Server has over 300.000 registered users and is one of the oldest and largest internet chess servers. Whether serious with your chess or just looking for the occasional game, whether looking for another player or eager to challenge a strong computer, whether you like a blitz chess or you are fond of one of the many variants, here you can play chess over the internet for free.

This FICS-NXT hookup is the old meeting the new. FICS was the forerunner in online chess back in the early 90’s, when there wasn’t even graphical user interfaces yet. From FICS evolved the first commercial chess servers, but the need for identity verification when it comes to registering and paying out prizes for chess tournaments on commercial sites, is really a blow to chess players wanting online privacy, choosing anonymous handles such as „I_love_DD“ or simply „Come-From-Beyond“. Players have had to back their handles with real email addresses, real names and real banking data. But not anymore. Now NXT and FICS is putting an end to this.

The chess tournament schedule is as follows:

  • Saturday February 8th at 11:30
  • Sunday February 16th at 12:00
  • Saturday February 22nd at 11:30
  • Sunday March 2nd at 12:00

Get more information and sign up for the FICS/NXT tournament  HERE.
Dates and times refer to FICS server time, which is Pacific Standard Time (GMT-8).

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Learn more about Nxt 2. generation crypto currency @ nxtcrypto.org