NXTER.ORG

The Sound Key – helping you stay financially sound!

Whatever method of storing and transferring monetary value you use (cash and cheques; digital fiat money or cryptocurrency) there will always be someone trying to steal from you. How to stop them succeeding is a constant battle and each technology has its particular inherent vulnerability or vulnerabilities.

In the case of cryptocurrency, or more specifically the blockchain technology on which it is based, one such vulnerability has, until now, been how the “private key” is stored.

The private (or secret) key is a sort of password that is used to digitally sign transactions that are then entered onto the blockchain. If a private key gets stolen, the thief can sign on behalf of the original owner and post irreversible transactions in the blockchain in his own favour.

No matter how securely you store your private key on your computer or smartphone, it always has to be exposed in the device’s memory when it’s used (to digitally sign something). That’s the inherent vulnerability and it just takes a virus with some malware or spyware to sniff the memory at the right moment, and the damage is done.

This is where the Sound Key comes in. It is a device, very similar to banks’ OTP devices, to store your private key outside your computer or smartphone’s memory, and to digitally sign documents or blockchain transactions offline and therefore safely.

How the Sound Key works:

  • The Sound Key connects to computers or cellphones through the headset port.
  • The transaction data, as yet unsigned, are sent to the Sound Key via the audio port on your computer or smartphone.
  • Having verified that the unsigned data in the Sound Key display is correct, type your password in the device to safely digitally sign the transaction.
  • That’s it. Your transaction is signed, sealed, and ready to be delivered.
  • The Sound Key will then transmit the signature back to your device through the audio or speaker port.
  • At no stage does your secret key ever leave its safe place inside the Sound Key.

It’s anticipated that within a few years this kind of device will become widespread and popularly regarded as a necessity.

The Sound Key is currently a prototype, and we want to bring you the best of what it can do. We are therefore working not only on the device itself, but also on the accompanying software development kit, to be backed by good customer support, so that innovators and users alike can benefit from it as much as possible.

10 Reasons to support the Sound Key:

  • It’s the first device of its kind.
  • It’s backed by private investors, so even if we don’t reach our pre-order goal, you will get your Sound Key when we start shipping.
  • You can brand it with your own logo thanks to our whitebox option (minimum order applies).
  • It comes with a development kit, to integrate its features into any app and website!
  • It can be used with any cryptocurrency and other digital signatures (more signature algorithms will be implemented with time).
  • It can encrypt and decrypt any kind of data (size limit applies based on model).
  • It keeps your private key physically out of reach of malicious programs and people, as it NEVER leaves the device (the signature and encryption/decryption take place IN the device).
  • The top model of the Sound Key can encrypt voice messages, without supplementary software, to be decrypted by a specific public key, and thanks to the audio connections, the encrypted messages can be sent via email, IM, or other apps.
  • It can be used to identify users on websites or over the phone.
  • Oh, and it talks 🙂

If you want to see this idea come to life, come and give us a hand with our crowdfunding campaign.

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You can learn more about the Sound Key project at: www.TheSoundKey.com.

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Launch of NXTinfo.org

Launch of NXTinfo

We are happy to announce the official launch of NXTinfo.org version 1.

NXTinfo provides a number of crucial services for NXT Asset Exchange traders and investors, including an average price calculator, a performance calculator and an asset evaluator. The latter two services  are linked to our ‘historic Nxt dividend database’ which should certainly help to guarantee added value for users of our ecosystem.

To attract newcomers to the site, we will also be hosting a NXT faucet.

Who are we?

Dee22: a member of the Nxt community since July 2015 and responsible for the server infrastructure and the (further) development of the website.

KarlKarlsson: a long-time member of the Nxt community, is in charge of the business management and PR.

More about our tools

We aim to provide you with the toolkit you need to become an asset expert. Our first version includes the following, already mentioned, services:

Average Price Calculator: Compute the average price at which you have traded an asset. This feature is needed when a position has been accumulated or sold over successive trading periods and has therefore been traded at different prices.

Performance Calculator: Calculate the exact return you made with a certain asset. What makes our calculator unique is the fact that it includes dividend payments in the computation. We are aiming to include as many dividend-paying assets and their respective payouts into our database as possible.

Asset Evaluator: Compare different assets with each other based on multiple parameters. Be it the dividend periodicity, the dividend return or the trading volume. At the time of launch, this feature is in its most basic form and will be further developed based on community feedback and our own vision.

Nxt Faucet: The Nxt community is missing a faucet, which is why we have included one in NXTinfo. Get yourself some NXT (4 NXT per payout) and use it to get started with Nxt or to simply pay your Nxt transactions. Note that currently each e-mail address is only eligible for one payout.

Plans for the next version

We already have plans for the next release of NXTinfo with new tools, for instance a Nxt portfolio tracker with which you can follow your assets and their respective performance, again including dividend payments.

In the meantime however we will be working to further develop the current tools and their usability based on feedback from the community.

Donations

We are always happy to receive donations, not only as appreciation for our work, but to also make NXTinfo a better service. If you wish to donate, there are two possibilities:

  • Support our Nxt faucet (NXT-7YPL-9SRG-7BYX-GHBV9) by donating directly to it!
  • Help us to finance our server/hosting expenditures or just as an appreciation for our work by donating to NXTinfo (NXT-3FV3-LS6S-WFTF-H6S2Y)

Advertise on NXTinfo

NXTinfo’s main source of income will be from advertisement. We provide a platform which is aimed in particular at crypto enthusiasts, fintech entrepreneurs and crowdfunding activists. If you want to target this audience, feel free to contact us for a non-binding offer.

Feedback

We are both supporters of an active and open feedback culture. Therefore, we ask you to leave your site review in our NXTforum thread (https://nxtforum.org/nxtinfo-org/) or send us a personal message.

Contact

Do you have any questions about the website or its tools? Do you have something else in mind which you would like to share with us? Do not hesitate to get in touch through any of the following channels:

NXT to power a full economic ecosystem

Today a press release from Nautiluscoin announces the launch of a full economic ecosystem, built on the Nxt blockchain. The launch event of the Drachmae Ecosystem will take place on September 26, 2015.  Furthermore, Brian Kelly Capital (BKCM LLC) will be making a seed investment in a new entity that will deploy this ecosystem globally, first targeting developing micro-economies in Latin America and Africa.

“We are pleased to announce that we have formally joined forces with the Drachmae Project and have developed a full economic ecosystem for the island of Agistri”, Nautiluscoin writes. “This ecosystem includes a fully functional mobile banking system, a B2B ecommerce platform, and a travel-booking site, all fueled by Nautiluscoin. This ecosystem will be rolled out on the Greek island of Agistri on September 26, 2015.

We are providing the tools for the municipality and businesses of Agistri to investigate ways of generating new revenue via our blockchain-based ecosystem. Businesses will be able to save money via the B2B platform by connecting directly with suppliers, while at the same time offering discounts to travellers via the travel platform. Powered by Nautiluscoin, the ecosystem will offer efficiency and simplicity, providing tourists with a simple one-stop shop for all aspects of booking a holiday.

We are focused on the end users of the currency – the businesses, citizens and visitors – this is our community. This proof of concept will illustrate how digital currencies and blockchain technology can benefit a community. To that end, the communtity in Agistri will be actively involved in the project and will share ownership and revenue from the Drachmae Project.

The mission of the Nautiluscoin project is to use digital currency and blockchain technology to bring money into an economy. While digital currencies have been successful at providing a means to remove capital from an economy, few have successfully shown that adoption and use can drive economic growth – the Nautiluscoin project is about to change this.

Coin Swap

The Drachmae Ecosystem has been built using the NXT Platform and Nautiluscoin will soon be swapped onto the NXT monetary system. We have chosen NXT because of its superior technical capabilities, security and community support. The business orientation of the NXT community will be the foundation on which we build our ecosystem.

The NXT Foundation will be assisting with the coin swap that will commence on September 18, 2015. We will post the coin swap instructions on Bitcoin Talk on Wednesday, September 16, 2015 and the offical commencement will be announced via Nautilsucoin’s Twitter account.

The NXT Foundation will also be assisting with the structure and the operation of the Nautiluscoin community, which includes the businesses and citizens of Agistri who wish to join the project. This project would not have been possible without the expertise and support of the NXT Foundation. The NXT team and Foundation have been integral to realizing this opportunity to utilise the power of blockchain technology.

The Launch Event

The September 26, 2015 launch of the Drachmae Ecosystem will include a community barbecue where the Nautiluscoin airdrop will formally take place. Each citizen that attends will be given €100worth of Nautiluscoin to spend at the barbecue and local businesses. As well, members of the press will be given €100 worth of Nautiluscoin.

We will also be hosting a Hackathon event for developers to explore our blockchain ecosystem and create apps. We encourage anyone with an interest in blockchain technology to develop apps that can solve real world problems for the community. We will be hosting up to 40 developers to join in this first of its kind Hackathon in Greece. We are also extending an open invitation to companies and government organisations to visit and observe the event.

The launch event will be capped off with a televised fashion show featuring professional models wearing GetNauti gear. We have hired a camera crew to be on island for the launch event to capture this historic moment. This fashion show is a pre-shooting for the Athena Model TV Show that will be hosted on Agistri in 2016.

We are excited to bring this revolutionary technology to Agistri and are grateful for the foresight of the Mayor, local businesses and citizens. This will be the first time an entire economic ecosystem has been experimented and deployed and we are looking forward to this historic event.

Brian Kelly Capital Investment

The ecosystem that will be deployed is both scalable and efficient, making it suitable for multiple use cases. In parallel with the Drachmae launch on Agistri, Brian Kelly Capital (BKCM LLC) will be making a seed investment in a new entity that will deploy this ecosystem globally. The new entity will license and implement new blockchain based economic ecosystems similar to the Drachmae Project. Currently, the entity anticipates targeting developing micro-economies in Latin America and Africa.

Commenting on the investment, Brian Kelly said, “With this technology we can deploy a fully functioning economic ecosystem which includes a banking system, a commerce platform and a currency. We are excited to be a part of this revolution.”

The new entity will be focused on deploying this technology to other countries, municipalities or organizations that need a fully functioning micro-economy.”

Also read: Nxt – the economy platform for everybody

Cryptoasset.fund Launch: 12.00 GMT, 15 Sept.

cryptoasset

Coinomat (the instant cryptocurrency exchange, Nxt asset issuer, SuperNET service partner and Bitcoin Foundation Member) has just released its Cryptoasset.fund asset on the Nxt Asset Exchange. The asset is to be made available via a Dutch auction.

Cryptoasset.fund is the first “classical” venture fund to be launched on the Nxt platform. Inspired in part by innovative jl777’s SuperNET asset, which itself is a revolutionary asset both in the technology it represents and in helping to lead the way in launching investment funds on the Nxt platform, Cryptoasset.fund is focused on investing in projects which are close to the Coinomat.com team, and also any other promising cryptocurrency projects.

The launch of Ethereum is further evidence of segmentation taking place in the crypto economy. It’s now clear that in order to survive and prosper cryptocurrencies must focus on what they do best. In the case of Nxt, of course, this is decentralized crowdfunding on the asset exchange. One of the fund’s future projects will be the creation of a fully-compliant crowdfunding platform based on blockchain-issued assets which we hope will help make NXT platform the go-to place for decentralized crowdfunding.

At its launch cryptoasset.fund will hold shares in several assets in which the Coinomat team is involved, including Coinomat.com, MMNXT.com and EIX.fund, which will make the Net Asset Value of the fund around 3 million NXT. During the coming months several new projects will be launched with cryptoasset.fund participation, including:

forkpay.net – a merchant platform and plug-in for e-shops that wish to accept cryptocurrencies in addition to Bitcoin. Based on the Coinomat API it offers a way to accept all Coinomat supported e-currencies in one interface. The service will charge a transaction fee, from which it will derive its revenue.

bitnames.io – Blockchain-based domain names. We believe that blockchain technology should become the cornerstone of the DNS industry. Bitnames.io is going to provide an easy way to register and manage .bit, .nxt and other domains on various blockchains, and offer custom DNS servers and browser plugins to resolve them.

morze.us – secure communication for open channels. A messaging application with integrated value transfer, based on the Coinomat API. On top of the messaging app which enables encryption of any web-traffic (email, facebook, any other social networks) Morzeus software will allow the creation, transfer and redemption of BTC and fiat denominated vouchers.

cryptojoin.com – social network for cryptocommunity with integrated reputation system and escrow service.

The range of the projects is diverse: we will not simply be focusing on stand-alone applications of Blockchain technology, but instead aim to start projects which are in synergy with each other. For example, all payment transactions in all the fund’s projects will be realized using Coinomat’s API. Several other projects are currently being discussed; we plan to launch 6 to 7 projects within the next year.

The Cryptoasset.fund ICO is planned for 12.00 GMT, September 15, 2015. Currently it is possible to place bids to secure a share in cryptoassets.fund.

Asset ID at Asset Exchange: 5562590132594876791.

ICO minimum price is 10 NXT. If the total bid amount exceeds the number of available shares the sell price will increase.

The initial portfolio has been transferred to the issuing account and can be seen in the blockchain (Nxt acct ID NXT-Y8FL-UJCB-R25H-23BT2). It’s 240K Coinomat1, 90K MMBCD, 40K EIX ,700K MMNXT, upon which the Cryptoasset.fund will be built. It will provide the dividends for the shareholders right after the fund’s launch. Also more of the core fund assets will be bought from AE after launch.

UPDATE:

Coinomat writes,

New project in our portfolio is shylock.io! It is being launched together with Twinwinnerd who has extensive experience with p2p lending at Bitcointalk. This is going to be a fully automated crypto pawnshop, where you will be able to borrow funds providing crypto assets as collateral.

For example, you hold SuperNET asset and expect it to rise soon. You spot a promising new coin and want to invest in it, but have no BTC. You can get a collateralized loan, by depositing your SuperNET asset with shylock.io and receiving BTC in exchange. When, hopefully, you make profits with the coin you return the BTC with interest and get your SuperNET asset back. The monthly interest will be in the range of 3-5%, and that’s where the profits of the project will come from.

NXT is the best, we’ll do the rest!

This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

The NxtHacks Hackathon 2015

Fame and fortune awaits!

This is an all-comers challenge issued by Jones.

Using any programming language or library you like, can you build a fully functioning App using the Nxt API in just 48 hours?

Nxt is the fastest developing, open source, second-generation cryptocurrency platform.

For a complete listing of all available Nxt API calls: http://jnxt.org:7876/test

To sign up for the competition and to join the NxtHacks’ mailing list: http://jnxt.org/nxthacks.

To find out the latest news and views about the NxtHacks Hackathon and to contact Jones himself, join the #nxthacks channel on Supernet Slack

Competition Rules

  1. Entrants may use any programming language or library they wish (e.g. C, Javascript, Node.js, PhP, Python, Java) to build an App for whatever purpose using the Nxt Api.
  2. Entries will be judged by the Nxt community on:

    –  Completeness (i.e. is the app fully functional?)
    –  Style
    –  Usefulness

  3. The App programming work should only take place between midnight Friday 31 July and midnight Sunday 2 August.
  4. Developers may submit as many entries as they wish but in practice, given the 48 hour time limit, it’s not expected that anyone will submit more than one…
  5. …especially since no team working is allowed – each App submitted must be the exclusive work of a developer working on their own!

Prizes

1st place: 40’000 NXT
2nd place: 20’000 NXT
3rd place: 10’000 NXT

And a place in Nxt history as the winners of the inaugural NxtHacks Hackathon!

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Further information:

http://www.peerexplorer.com/

(‘PeerExplorer is your gateway for Nxt infrastructure. Be a part of building the world’s most advanced decentralised open-source platform. Feel free to use the API. Don’t know what Nxt is? Take a look here!‘)

http://www.thenxtwiki.org/wiki/For_Programmers

http://nxtinside.org/whats-nxt/

Nxt Source Code

BTCOR Group Investment

BTCOR  – Utilizing the NXT Monetary System and Asset Exchange to generate dividends on stored wealth and support SuperNET in alignment with a profit-for-change paradigm

BTCOR-nxt-asset-exchange

SuperNET, Cyberspace – BTCOR Group Investment, the first NXT asset to utilize NXT’s revolutionary Monetary System technology, has announced the members of its diversely talented and respected team and also its business plan, which details the asset’s complex structure and core principles.

A modified excerpt from the business plan https://www.btcor.co/btcor-group-investment/ :

BTCOR and its SERIES VENTURE wealth storage facilities allow for holding/storing value in the form of ASSETS, GOLD, SILVER, BITCOIN and the US DOLLAR.

BTCOR is the parent asset and is the simplest choice for investment. Funds received through sales of the BTCOR asset will be used to generate value for shareholders by investing primarily in SuperNET’s technology, core coins, and assets and by seizing any other opportunities the Executive Board may deem advantageous. Any dividends received by assets held in the BTCOR Treasury will be redistributed proportionately to BTCOR shareholders on a monthly basis.

The SERIES VENTURES https://www.btcor.co/btcor-assets/ are a group of assets subsidiary to BTCOR that provides storage of wealth for shareholders. As investors purchase shares in a SERIES VENTURE asset, the investment is converted into its respective class while maintaining the best available current exchange rate.

  • GDCAR is the investment vehicle for gold
  • BTCAR is the investment vehicle for bitcoin
  • SVCAR is the investment vehicle for silver
  • FIATX is the investment vehicle for US$

All of these balances are held in the BTCOR Treasury and represent the inherent wealth of BTCOR and SERIES VENTURE shareholders. The SERIES VENTURE portion of the Treasury is never used, transferred or manipulated in any way and these holdings remain stationary until shareholders vote otherwise.

Working alongside these wealth storage facilities are interest-generating vehicles fueled by profit-driven speculation.

We have deployed a number of vehicles that enable the speculator to make a speculative investment on the current markets of gold, silver, bitcoin, and foreign exchange (FOREX) using the NXT Monetary System.

A skilled Operator is responsible for trading with funds obtained monthly via the NXT Monetary System and makes puts and calls at the Operator’s sole discretion. The Operator is constantly under review by the Executive Board and subject to redundancy at any time. The Operator must have a minimum of one (1) BTC stake in each trading vehicle to ensure honest and well-planned trading is practiced.

Profits from these activities are distributed to BTCOR and SERIES VENTURE shareholders on a monthly basis. This dynamic provides an incentive to save via the SERIES VENTURE facilities, while limiting the exposure of the saver to the inherent risks.

BTCOR promotes a profit-for-change paradigm.

In the face of today’s economic, social, and environmental inequality, we at BTCOR believe it is imperative that revenue should not only lead to increased financial independence, but that it should also be used to promote access to truthful information, conscious acts of philanthropy and charity. By working smarter, not harder, we can leverage our funds to promote and embody the change we’d like to see in the world.

A certain percentage of monthly revenues are already being allocated towards a charity fund. As we grow and succeed, we will continue to implement projects and programs that function to manifest this paradigm.

The BTCOR team consists of thoughtfully appointed shareholders and community members that collectively represent the talents and abilities required of the Group’s Senior Executives and Executive Board, which oversee and manage BTCOR operations such that shareholder profit is maximized in adherence to the Group’s mission statement and core principles.

SENIOR EXECUTIVES

  • CEO – house
  • Chairman – eth
  • Secretary – mxxxxxx
  • Chief Systems Engineer – shack4
  • Finance Committee Chair – gambleh

EXECUTIVE BOARD

  • infinitechaos (Public Relations Committee Chair)
  • pnoch (Lead Developer)
  • futurist
  • damon
  • 3rdStryker
  • lootz
  • nippybrit

Detailed descriptions of the various roles and responsibilities required of each of the Executives as well as their asset allocation packages are available here https://www.btcor.co/btcor-team/

Of particular significance is the appointment of pnoch as Lead Developer. He is a very talented and respected developer who is already working with the Chief Systems Engineer to develop proprietary technology designed to enhance efficiency and transparency of BTCOR operations for its shareholders. The Lead Developer may also be tasked with creating or implementing advanced automated trading software designed to trade FOREX markets and maximize shareholder revenues.

For more information on the BTCOR Group Investment, please visit btcor.co, follow @BTCORsupport on Twitter, and join the #btcor channel at SuperNET Slack.

Nxt: The original Bitcoin 2.0 Platform

Bitcoin Press Release: With over 18 months of development, The non-profit Nxt Foundation is pleased to announce many disruptive business and financial applications of Nxt’s blockchain technology: including trustless smart contracts, decentralized crowdfunding, a strong open source ethos and more.

Nxt is different. While there are many players in the cryptocurrency 2.0 field, Nxt has several key elements that set it apart from the others.

First and foremost, Nxt is a self-sufficient system. Many other projects depend on a blockchain implemented and maintained by an external party, usually Bitcoin. Nxt is a complete and self-contained system in itself. As any business owner knows, being dependent on a third party for an essential part of their business model introduces unnecessary risk.

This is why Nxt chose not to piggyback on an external blockchain over which it has no control, but has built all of its features onto its own blockchain. This also means that Nxt developers can quickly and easily create new features while maintaining a coherent system, without needing to consult with an external blockchain provider.

Secondly, Nxt has a solid and secure track record. The Nxt blockchain has been in continuous operation and use for 18 months, proving to be a stable system that can scale to handle an increasing load. Additionally, new features have been added on an incremental release basis after thorough evaluation on Nxt’s testnet. Many applications have already been built on top of Nxt, using its diverse features to create decentralised companies and software and to leverage the benefits of its strong community and network.

Thirdly, Nxt is open source and free! Nxt is not under development by a central authority. This may at first appear to be a weakness, but a glance at the extremely successful operating system Linux shows that central development is not needed to create a valuable and working architecture. Nxt has seen fast and dedicated development since its inception and is continuing to evolve with the input of many talented coders. As there is no barrier to entry to the Nxt ecosystem, it is a perfect environment for blue-sky crypto developments.

Just plug it in

The Nxt Cryptocurrency platform is modular by design. Nxt uses a variety of different transaction types that can be combined to perform more complex functions. In order to take full advantage of Nxt’s versatility, its developers have created a plug-in system that allows people to build applications and to share them with other Nxt users.

The plug-in system will go live with the release of version 1.5 of the Nxt Reference Software (NRS), Nxt’s native client. This release will also introduce blockchain Voting and Enhanced Multisignature Transactions (Phasing) to the Nxt core functionality. Developers on the Nxt Testnet are already experimenting with use cases, such as a crowdfunding plug-in, an e-commerce plug-in and several others.

The plug-in system is an example of the philosophy of flexibility and versatility that is at the heart of Nxt.

What it means for Nxt users

Nxt is eminently suitable for both business and non-commercial use. All of Nxt’s features can be accessed separately or in combination, using a simple but comprehensive API structure.

Nxt is fast, with an average block time of around 90 seconds. It is powerful, giving users access to such diverse features as asset creation and trading, separate currencies, data transfer and storage, blockchain voting and multisignature transactions.

Nxt is easy to build for, and those who want more information about how to use Nxt, or who need support on the more technical aspects of the Nxt systems, can contact the Nxt Foundation.

The Nxt Foundation is a non-profit organisation which can answer questions on Nxt, offer support, and connect businesses with the developers and advisors they need to take advantage of the unprecedented opportunities offered by the Nxt platform. Contact Nxt Foundation today at info@nxtfoundation.org.

For more information please go to: www.nxt.org

To trade Nxt with Bitcoin please go to: https://poloniex.com/exchange#btc_nxt

Media Contact:

Name: Bas Wisselink, Nxt Foundation Director

Email: bas@nxtfoundation.org

Phone: +31 (0)6 13937762

NXT Version 1.5: The Complete Toolkit For Business

With the upcoming release of Nxt software version 1.5 – which will include voting functionality, ability to use enhanced multisig account control, and improved data storage and transfer capabilities – Nxt has reached a new milestone as the next generation blockchain platform.

From its inception in late 2013 Nxt has been designed to be a multipurpose toolkit, to be used either directly from the NRS client software or to be incorporated into third party applications.

With account authorisation via the issue of secure tokens, enhanced data transfer and storage (with the ability to remove data when required), voting, multisignature transactions and much, much more, Nxt has now developed into a mature and complete next generation blockchain system for business use.

Nxt Modularity

Nxt is designed and built to be a modular system. It features several different transaction types, which can be used on their own or in combination. The current feature set, after the version 1.5 implementation of Voting and Phasing (enhanced multisig/account control) will include:

  • Send Transactions (sending the NXT currency or tokens to accounts
  • Data Transactions (send and store up to 40 kb of data)
  • Coloured Coins Transactions (create and trade Asset tokens)
  • Alias Creation Transactions (enabling the assignment of strings, such as a DNS entry, to Nxt accounts)
  • Sales Transactions (create and manage digital sales via a native marketplace)
  • Signature Transactions (provide proof of account via single-use token authentication)
  • Voting Transactions (fully customised polling system based on the Nxt blockchain)
  • Multisig Transactions
  • Custom Currencies Transactions (create customisable currencies on top of the Nxt blockchain)

More in-depth information about these transaction types can be found in the Nxt Wiki or on the resource site, NxtInside.org.

The perfect tool for DAOs

Nxt is the perfect tool for the creation of Decentralised Autonomous Organisations (DAOs). A business or developer can issue their own tokens representing their organisational structure, handle a transaction stream, and keep their finance records in a fully transparent and auditable manner on the blockchain. Building new tools to enhance the core Nxt functionality for a business’s own requirements is always possible, and the Nxt developer community will be happy to provide support for custom solutions where required.

There is no absolute need to use the provided Nxt client software (the NRS client) if users do not want to, since Nxt can be utilised directly from within other applications by using the Nxt API, which currently has around 150 function calls. Full documentation for Nxt API can be found on the Nxt Wiki.

Examples of projects that have been or are being built with Nxt include MyNxt.info, a browser wallet that supports plugins; DeBuNe, a company building business tools with Nxt; and Pangea Poker, a fully decentralised poker application.

Nxt Foundation and PayExpo

Last month, the Nxt Foundation was incorporated as a portal organisation to act as a point of contact for the Nxt community and anyone interested in the possibilities offered by Nxt – either from the cryptocurrency world or from the wider mainstream business community. The Nxt Foundation can also connect anyone with project ideas involving Nxt, such as entrepreneurs and business owners, with developers who can support or implement ideas and projects.

The people within the Nxt Foundation have a background in sales, marketing and software development, and are happy to help people explore the possibilities of using Nxt.

The NXT Foundation will be the official Cryptocurrency Sponsor of the upcoming PayExpo event, to be held in London on the 9th and 10th June 2015.

Anyone is welcome to contact the Nxt Foundation at bas@nxtfoundation.org should they have any questions or require any assistance with Nxt, or a project involving Nxt.

NXT in Space!

Nxt is also a sponsor of the Low Orbit Helium Assisted Navigator (LOHAN) project: a private UK-based initiative to launch an autonomous 3d-printed drone to the edge of space. This mission will carry a copy of the Nxt client software on its flight control computer, taking Nxt to new heights.

For more information please go to: www.nxt.org

Media Contact:

Name: Bas Wisselink, Nxt Foundation Director

Email: bas@nxtfoundation.org

Phone: +31 (0)6 13937762

Buy NXT and BTC with NETELLER

European Bitcoin and cryptocurrency gateway Coinimal is adding NETELLER as a payment option. The move represents the first time a crypto business has ever worked with NETELLER, which offers instant deposits and withdrawals to millions of customers around the world.

coinimal-welcome-neteller

Coinimal, a new Bitcoin and cryptocurrency merchant based in Vienna, Austria, has announced a ground-breaking partnership with NETELLER. Coinimal was launched in December 2014 with the aim of addressing the difficulties of obtaining Bitcoin in Europe and has since become one of the foremost options for both buying and selling crypto coins, including NXT and Litecoin.

NETELLER: a global partner

The development is a natural one for Coinimal, enabling customers to buy bitcoin with the speed and security of an established global partner. NETELLER has a series of payment options including credit cards, prepaid cards and bank transfers, and accepts bitcoin payments as a way to fund cash accounts – making all of these available to Coinimal’s customers via their fully-automated platform.

For NETELLER – which is currently planning to acquire its biggest competitor, Skrill, in a €1.1 billion deal – the partnership is a first foray into the crypto space and comes after several months of negotiations with Coinimal led by CEO Eric Demuth. ‘In my opinion NETELLER decided to do this pilot project with us because they feel that we are the most sophisticated, serious bitcoin gateway in the world, and our compliance is stellar,’ commented Coinimal CEO Paul Klanschek. ‘We are extremely proud to be the first crypto merchant in the world to accept NETELLER officially.’

Growing fast

Coinimal is well positioned to expand in the fast growing European market and will announce new features and partnerships over the coming weeks. Customers can currently buy €25 worth of Bitcoin without full verification of their account, allowing them to test the platform easily.

coinimal-nxt-btc-buying-options

Read more news from Coinimal @ https://www.coinimal.com/news/

 

Use Coinimal to sell NXT for Euro

coinomal-nxt-eur-exchange

Cashing out from NXT to Fiat has always been somewhat of a hassle. The demise of BTER coupled with hacks on EUR/NXT markets like CCEDK have not helped this situation. But have no fear, as things are looking up again thanks to the new NXT-Sell feature from Coinimal.

Coinimal (https://www.coinimal.com) is an Austria-based Bitcoin startup with one simple goal: simplifying the Bitcoin/NXT buying/selling process in order to make it more appealing and accessible to novice users. Buying Bitcoin and other digital currencies is only part of Coinimal’s services though, as the platform also lets users sell their digital currencies in exchange for fiat currency.

Buying NXT on Coinimal has been possible ever since its launch in December 2014 but until today selling NXT wasn’t. Thanks to a partnership with NXTCS (http://nxtcs.com) Coinimal is happy to announce that selling NXT on Coinimal is available as of today.

The daily limit for selling NXT to Coinimal is 500€ for unverified accounts and 5000€ for fully verified accounts. The SEPA order to your EUR-Bank account will be sent the same day!

Check Coinimal (https://www.coinimal.com) out today to buy/sell NXT instantly!

 

This article is also available in : French

Bitcoin Alternative Jetcoin to be “Powered by Nxt technology”

Bitcoin Press Release: Singapore, 8th April 2015 – Bringing Wall Street and blockchain technology to the world of sports and entertainment, Jetcoin Institute is pleased to announce the Jetcoin presale. Jetcoin is backed by gold bullion allowing anyone to own IP rights of promising athletes and talents.

Jetcoin, the new digital fuel for the world of sports and entertainment, gives fans and supporters a unique opportunity to benefit directly from the success of their favourite athletes and stars. It disrupts traditional fan-athlete/talent relationships by enabling anyone to launch and support the careers of tomorrow’s stars.

Using block chain technology, Jetcoin decentralises the world of sports and entertainment, ruled today by powerful agents and corporations. Jetcoin tilts the power balance by establishing the first platform where anyone can own IP rights of promising athletes and talents. Also the first digital currency to be backed by precious metal collateral (gold) via a partnership with XNF, Jetcoin is tradeable across 3 continents through DXMarkets.

Uniquely backed by physical assets, Jetcoin is issued by the Jetcoin Institute, which has gathered a team of first-class advisors led by world famous currency expert, Prof. Bernard Lietaer. The Jetcoin Platform will be built with NXT technology to deliver a unique and decentralised financial platform. Jetcoin holders are able to earn revenues through Jetcoin Contracts and its social media rewards system, P.O.S.E. (Proof Of Social Engagement) as well as access unique lifestyle experiences.

In August 2014, in a bid to both establish the branding of Jetcoin internationally as well as to secure a testing ground for a myriad of innovative tech applications and crowd funding concepts customised for sports and entertainment, Jetcoin became the first digital currency to become the main sponsor of a Serie A football team, A.C. ChievoVerona. In developing the Jetcoin ecosystem of partnerships, deals have been made with top service providers like Samsung Sportsflow and Pogoseat to optimise fan experience and engagement in sport entertainment. Jetcoin Institute has also recently developed and launched Stadia, a free sport app aimed at increasing fan interaction and engagement during live football.

For a limited time period, jetcoins are available at a promotional price of US$ 0.02 at the official website implementation by https://jetcoininstitute.com. Compared to the Bitcoin, whose rise from its initial sale price of less than US$0.01 to its peak of US$1250, Jetcoin – backed by physical assets – is poised to track an interesting trajectory.

About Jetcoin

Main sponsor of Serie A football team, A.C. ChievoVerona, ‘jetcoin’ is a new digital fuel issued by the Jetcoin Institute. It gives fans and supporters in the world of sports and entertainment a unique opportunity to benefit directly from the success of their favourite athletes and stars, both financially and also through unique lifestyle experiences such as seat upgrades, access to VIP boxes, exclusive events, behind-the-scenes and/or after-parties etc. Jetcoin Institute continues to work with partner teams, brands and service providers to offer exclusive deals to jetcoin holders. Visit https://jetcoininstitute.com

About Prof. Bernard Lietaer

Prof. Lietaer is the author of The Future of Money (translated in 18 languages), and is an international expert in the design and implementation of currency systems. He co-designed and implemented the convergence mechanism to the Euro. Visit http://www.lietaer.com

About A.C. ChievoVerona

A.C. Chievo Verona is a professional Serie A Italian Football club named after and based in Chievo, Verona, in the Veneto region. Visit http://chievoverona.tv

About Samsung Sportsflow

SportsFlow delivers the latest sports news, photos and videos from around the world via one single app. Visit http://www.sportsflow.me

About XNF

XNF is a digital currency with a physical collateral in GOLD. XNF Trading provides the easiest way to acquire virtual currencies (Jetcoin – XNF) in exchange for traditional currencies (USD and EUR) and bitcoins. Visit http://www.nofiatcoin.com

About DXMarkets

DXMarkets is a cutting-edge trading platform for digital currencies. The platform offers a fully customisable dashboard that caters for beginners and experienced traders. DXMarkets aims to position itself as the preferred choice for financial institutions wanting to integrate digital currencies into their product portfolio. Visit https://dxmarkets.com

About NXT

NXT is an open source cryptocurrency and payment network, using proof-of-stake to reach consensus for transactions. As such there is a static money supply and no mining as with Bitcoin. NXT is specifically conceived as flexible platform to build applications and financial services around. Visit http://www.nxt.org

About Pogoseat

Pogoseat is an enterprise solution for sports teams and concert venues that enables their fans to upgrade seats and purchase unique VIP upgrades. Pogoseat currently works with clients across the NBA, MLB, NHL, AFL, The Football League and NCAA all over America. Visit https://www.pogoseat.com

About Stadia

Stadia is a free app powered by Jetcoin that optimises fan experience during live football, available for download on Android and IOS. Visit http://www.stadia.club

Nxt Moving Forward in 2015 With Nxt Foundation, Conference Sponsorships And Technical Development

Press release: Nxt, the second-generation cryptocurrency platform launched in November 2013, has just established the non-profit Nxt Foundation. Nxt’s conference partnerships, built-in cryptocurrency (NXT) and the overall Nxt-based ecosystem are also experiencing rapid evolution and growth. 

Nxt is pleased to announce the recent incorporation of the non-profit Nxt Foundation in the Netherlands, and sponsorship of upcoming high profile payments conferences PayExpo 2015 and Mind the Gap Expo. A number of tech start-ups harnessing the unprecedented features of Nxt are also emerging; as Nxt’s new multisig technologies – Voting System and Phased Transactions – are also due to be demonstrated soon. For well over a year, Nxt’s broad and active community of developers and builders have been working to perfect the system. The Nxt platform offers simple yet powerful features, bringing a wide range of solutions to enable businesses to harness the benefits of blockchain technology.

Versatile tech

Nxt’s Asset Exchange (which can be seen as an implementation of the ‘Coloured Coins’ concept) has proven to be very popular, allowing businesses and other ventures to raise and distribute capital using a crypto-based platform.

Similarly, the Nxt Messaging System, which facilitates data transfer and storage, is being taken up as a means of creating a long-anticipated Smart Contracts implementation by www.smartcontract.com.

Additionally, Nxt’s newest major startups are building Decentralised Business Networks, frameworks for using Nxt like Jay, security systems to work with Nxt like the Keystash Project and much, much more.

Nxt Foundation

Last month, Nxt Foundation was incorporated as a non-profit trust based in the Netherlands. The Foundation will act as a front-end organisation for support, promotion and education on all aspects of the Nxt ecosystem, partnering with the leading Nxt resource site Nxt Inside.

Crypto conferences

Nxt Foundation will be representing Nxt at the Mind the Gap Expo, for which it is the Platinum sponsor, together with Manx Telecom and 44Phones.

In June, Nxt will also have a strong presence at PayExpo 2015, where it is the official cryptocurrency partner. Nxt representatives will deliver PayExpo’s keynote speech, explaining how Nxt and its associated systems can play an important role in the development of financial services. There will also be a cryptocurrency seminar, focusing on educating mainstream financial professionals about the potential uses of the Nxt platform.

Upcoming features

At these events, which are taking place both within and outside the traditional cryptocurrency space, Nxt will showcase its upcoming Voting System and Phased Transactions – a more powerful version of multisig transactions.

As always, these systems will be easy to combine with any of Nxt’s already active features and will add to the family of modular transactions that Nxt supports.

If you are interested in using Nxt for your business or would like to integrate Nxt into your current systems, please contact Bas Wisselink at the Nxt Foundation (bas@nxtfoundation.org).

For more information please go to: www.nxt.org

Mind The Gap

mind-the-gap-nxt-crypto

 Nxt – mind the gap

Meet Nxt representatives live at the online crypto-conference ‘Mind The Gap’ on 10th April 2015.

Nxt is one of the Platinum Sponsors for the upcoming Mind The Gap crypto-conference.

Mind The Gap will be held online, using the CryptoMoneyExpo virtual conference platform, and is intended as an event that will bridge the worlds of crypto, gambling, finance/payment processing and mobile money applications. It’s a unique opportunity to talk to representatives of the Nxt crypto platform live. The Nxt community will pitch in, attend, and produce material for this virtual conference.

Manx Telecom wrote this [PR]:

‘Manx Telecom, the Isle of Man’s leading communications provider and only twin Tier 3 data centre operator, is proud to announce their platinum sponsorship of the Mind The Gap Expo on 10th April 2015, alongside the ‘Blockchain 2.0’ crypto-currency platform NXT and featuring speakers from around the world talking about crypto/digital currencies.

Described as ‘building the bridge between the crypto and financial worlds’ and attracting over 2,500 registrants in advance, the virtual exhibition will showcase key players of the rapidly developing digital currencies sector. Commenting on the company’s sponsorship, Dale White, UK and Channel Islands Business Development Manager, who is speaking at the event said:

“Innovation and pioneering new technology have always been part of Manx Telecom’s role in developing the Isle of Man’s competitiveness as an international business and finance centre. The digital currencies sector is a perfect fit, combining Manx Telecom’s world class data hosting facilities at Douglas North and Greenhill data centres with our diverse, global connectivity via off-Island cable links and/or our mobile roaming agreements with over 180 countries. We’re looking forward to working closely with Coinstructors as organisers of the Expo and our other Isle of Man colleagues across government, fiduciary, legal and banking sectors to grow our customer base in this sector.”

Virtual exhibitions such as Mind The Gap are becoming more common. Hosted in an online environment similar to a three dimensional website, they offer all the same layout, functionality and promotional opportunities as physical exhibitions, but without the travel, logistics and high costs to exhibit, and are free to attend.

Lee Gibson Grant, Founder at Coinstructors, added:

“We’re delighted to have Manx Telecom on-board supporting what will be a major event in the digital currencies calendar this year. As a jurisdiction, the Isle of Man has lots to offer in terms of telecommunications and power infrastructure, corporation and personal tax, inward investment grants and business-friendly legislation. We’re honoured to showcase the best the Isle of Man has to offer on a global stage to our visitors.”

See www.mindthegapexpo.com for further information, speakers and sponsors.

Key Note Speaker: Brian Kelly. An expert in global financial markets, macro-economics and digital currencies. Brian Kelly has over twenty years experience in financial markets and is the author of the book The Bitcoin Big Bang – How Alternative Currencies are About to Change the World. He is a CNBC contributor and can be seen regularly on Fast Money. Brian is a graduate of the University of Vermont where he received a BS in Finance. He also holds an MBA from Babson Graduate School of Business with a concentration in finance and econometrics.

Brian’s topic will be: The Future of Finance is Flat: Exploring the Investment Opportunities Created by Digital Currency and Blockchain Technology

[youtube id=”Fk879yNktq8″ width=”600″ autoplay=“no”]

Trusted Nxters who are interested in attending can contact EvilDave from the Nxt Foundation:

Dave Pearce
dave@nxtfoundation.org
EvilDave on www.nxtforum.org.

OPALcoin – anonymous and secure messaging

Launched in September of 2014, Opalcoin is one of the new, great cryptocurrencies on the market today. The name is inspired by the mineral opal, a completely opaque, rare gemstone. Like the mineral, opacity is one of the core values the coin was built upon. This means that anonymity is extended to all users of the wallet and the cryptocurrency, and it is something all can expect for now as well as years to come.

Recently, the Opalcoin development team launched a new feature with anonymity in mind. Via the wallet, users can now send encrypted messages to one another. With the help of blockchain technology, all OPAL wallet users have the ability to exchange sensitive information without fear of an unwanted third party intercepting the details.’

Opacity, a metaphor for the anonymity associated with it, is the name of the service that allows the private exchange of information. From the Opacity tab within the wallet, users choose the address they wish to send the message from, a long with the address they wish the message is received by. The message is encrypted, and sent to Opacity’s secure server. From there, the message is sent to the receiver, where it is decrypted and read.

Another feature of Opalcoin is opaque addresses. Users can choose whether or not they wish to make their address “opaque” which makes all transactions between wallets hidden from the public and anonymous. This feature, when used in coordination with encrypted messaging, make all exchanges of information 100% secure and private.

In this day and age, it is nearly impossible to remain private while sending out information online. This is a truly valuable resource for those wishing to keep their affairs private, where they belong. The ability to remain totally private is unobtainable almost universally in the digital world.

Many critics of online privacy believe that only persons committing illegal activities would desire such a thing. They stand behind the philosophy that you do not need privacy unless you have “something to hide.” In reality, there are a plethora of legal information that is best kept private, and for good reason. Privacy is one of the best defenses against malicious behavior. In a world of identity theft and fraud, it is more likely to become a victim if the entirety of your life can be accessed online by anyone. Privacy is not an ideal exclusively desired by criminals.

The messaging system can also be used to store sensitive information. Users can send encrypted messages to themselves, making the feature a fast and secure way to store important information that may be required later on. In fact, developers of Opalcoin feel this will be one of the most frequent uses of Opacity down the road.

NXTER.ORG keeps you updated about OPAL because its part of the SuperNET CORE.

OpalCoin announces release of Opal Drive

opalcoin-opaldrive-supernet

UPDATE 24.03.2015

You can try out the Opal Drive alpha here:
https://bitcointalk.org/index.php?topic=778720.msg10855638#msg10855638

UPDATE 27.02.2015

OPAL Team has just announced, that miscommunication between OPAL and Storj have led to the project being delayed.

Development of Opal Drive is continuing, and we are going to utilize an alternate solution to Storj that we think better suits Opalcoin.

This was a learning experience and we do respect Storj, but have decided to move to another solution for the final product.

Update 1
Update 2

[PR]

Opal Coin is happy to announce the release of Opal Drive, the latest addition to the Opal cryptocurrency. Encrypted with the same system used in Opacity, which allows a user to encrypt a file with another user’s private key using only their public key, Opal leverages Storj’s existing MetaDisk infrastructure. By using Storj’s MetaDisk infrastructure, users will be able to upload, transfer, and decrypt files all in the wallet via the Storj MetaDisk API. Opal announced Opal Drive February 24, 2015, and is expected to have a basic demo release within 2-3 days which will allow users to upload files with the ability to transfer data coming shortly after.

Opal from the ground up was designed to be an all in one solution for anonymity online regardless. Receiving a 7/7 from Coins Source and a 5/5 from CryptoAsian, Opal is a well-known and trusted cryptocurrency in a competitive altcoin ecosystem. Opal announced the project several months ago, but recent headlines of sensitive information only served further to prove the need and accelerate the development of a decentralized files storage system. With encrypted messages as well as anonymous transactions fully functional, secure cloud storage was the next natural step.

By implementing completely anonymous “push” security, Opal is applying a method first found in cryptocurrencies. By using “push” security, users can only access files that are marked retrievable, a crucial step that alone defends information from prying eyes.

Opal expects that Opal Drive will be used by businesses and individuals alike to store confidential information safely in the cloud. In a digital world where centralized storage solutions are prone to hackers and government seizure, Opal offers a decentralized solution.

Lead developer of Opal, Whit Jack, stated:  “Opal is excited for the potential applications of a decentralized file transfer protocol, based on the same technologies as bitcoin and other cryptocurrencies.  We believe that we can greatly improve the file sharing industry by protecting against hacking, spying, and other nefarious situations.”

Opal has many other projects in the work, such as colored coins for example, which will allow cryptographic loyalty programs and provably fair gambling. Opal has many features planned out in its roadmap, with Opal Drive to be rolled out soon.

About Opal

Founded on September 11, 2014, Opal is a privacy-focused cryptocurrency that had no ICO, IPO, or premine. Consisting of a team of 10 members with skills ranging from marketing to coding and development, all expenses are covered by the development team. Opal is currently traded on 6 exchanges and offers a wallet for every major operating system.

http://www.opal-coin.com

First example of fully decentralized crowdfunding: Nxt Academy

Let’s actively bring Nxt into every university and school all over the world!

Crowdfunding usually needs three actors: the project initiator, supporters and a platform connecting both parties. Crowdfunding websites exist only for 6 years. During 2013 $5.1 billion USD was raised by millions of individuals! However the biggest disincentive to using websites such as Kickstarter is their fees. Kickstarter demands 5% of the money raised as a fee, and payment processing fees are another 5%, which in the era of blockchain technology is a little difficult to justify.

Nxt recently released a new monetary system with a crowdfunding feature, which makes a third party – a platform – fully automatic and decentralized. Since January 2015 it’s finally been possible to organize a crowdfunding campaign via the Nxt client with all costs and fees totalling less than a half USD.

The very first example of a completely decentralized Crowd funding via Nxt Monetary System started at the beginning of February 2014, when a Czech Nxter, Petr K. Salsa, issued a currency: NxtAcademy with ACDMY as a code.

500,000 NXT (= 500 units) need to be raised during February in order to successfully finish the crowd funding campaign. If 500 units aren’t bought before block 370,000 (= 1st March 2015), all pledged NXT will be returned. If at least 500 units are bought, the funds raised will be used for maintaining Nxt Academy (= at least 1000 USD/month). More funds = more projects for students, more lectures all over the world, more external teachers, more printed materials.

How to donate?

  • Click at Monetary System + Currencies section
  • Find ACDMY / NxtAcademy (search “ACDMY”)
  • Click at “Reserve” at the “Actions” column.

nxt-crowdfunding-nrs1

  • Buy any number of “Units” (more = better)

nxt-crowdfunding-nrs2

Details and other info: http://nxtacademy.com/about

crowdfunding-nxt-academy

Nxt is an important part of the open source technology. Nxt Academy recognizes Nxt’s spirit and guarantees all content accessible for anyone, anywhere, for free. It is a long term project which focuses on providing free education for the students and children. Every teacher will be able to download and use teaching materials for their students. Everyone will be able to attend free online courses about Nxt from their home. Young people, as yet completely unaware even of the existence of cryptocurrency,  will be informed about Nxt via school bulletin boards and via lectures and student projects organized at their school.

The world of cryptocurrencies has got a huge enemy – ignorance. Society isn’t yet ready for the wider acceptance of the cryptocurrencies. Nxt will in time revolutionize many industries, but right now it is just a toy for geeks. Nxt Academy is going to prepare society for the Nxt crypto revolution by providing teaching materials and much more. Nxt Academy isn’t a commercial project, its existence, form and size depends on donations from the Nxt community.

Direct marketing to Students – education

Nxt Academy isn’t only a passive website with videos and texts. It actively propagates Nxt at schools, universities and student festivals. Nxt Academy will be targeting all bigger Universities and sending its materials to their students. Students will be working on team projects with their classmates, while Nxters will be mentoring them.

Teachers will be receiving teaching materials, infographics, textbooks and worksheets for children, they could even teach young kids about Nxt. It will be easy to download all sources and printed materials will be sent to the schools or handed out after the speeches / lectures at the schools and universities.

Online Marketing and Cooperation

All content created by the Nxt Academy will be actively distributed to the other similar projects – Khan Academy, Coursera, Coin Academy, College Cryptocurrency Network… It’s about spreading the knowledge, Nxt Academy will try to have its courses at all of those sites and many others.

Nxt Academy will be targeting people whose lives are as yet untouched by the cryptocurrencies at various online platforms. Nxt Academy provides press releases, news, blog posts, Twitter/Facebook/Weibo posts, forum posts, videos at multiple platforms… SEO, online marketing etc.

Nxt Academy will be supporting the crypto research

The database of the research/students papers will be very helpful for all cryptocurrency researchers. This side project will create a library with crypto-related articles saved at multiple platforms. With enough funds, Nxt Academy could provide student scholarships, grants or awards. The dream goal is to have a crypto thesis of the year contest during the Nxt Academy conference.

Online courses and textbooks

Before entering the Universities’ or Student festivals, Nxt Academy needs to prepare the teaching materials.

Online courses – Easy-to-use platform for everyone who will be able to learn about Nxt, its ecosystem, its ideas, its abilities. New fresh videos and edited videos will be followed by chosen articles and infographics.

Textbooks – If we want to get cryptocurrencies and Nxt into the mainstream, we need to prepare educational materials for teachers. Textbooks will be created by a cooperation with university professors and school teachers.

Worksheets – Children as well should have the chance to learn about the cryptocurrencies. We need to prepare the world for this new revolution. Worksheets, educational programs for children will be prepared by a cooperation with the school teachers.

Infographics – Social media campaigns need well-prepared infographics to reach the biggest audience.

Check other activities at https://nxtforum.org/nxt-academy/ or http://nxtacademy.com

Crowdfunding Progress

After two weeks Nxt Academy raised 120,000 NXT. 35 Nxters decided to support the project with their donations. It is also possible to donate directly, you can send NXT to: NXT-W4FQ-JGAE-JHS9-3PMNR (from online wallets, exchanges…).

Salsacz can devote himself full time to the project, hire an ‘in-house’ co-worker (school teacher), external university teachers and pay for outsourcing micro-jobs (translations, voice-overs, corrections) via Nxt-jobs or Fiverr. All costs are very low, because the salaries in Czech Republic (1 full time and 1 part time) are very low compared to western countries. The smallest possible budget is 500,000 NXT for a year. More money = more projects for students, external coworkers, printed materials, more speeches…

Nxt Academy is a project supervised by Petr Salsa, who has spoken about Nxt at 5 conferences and one University. A few other speeches at Economics Universities are being planned for the near future. Salsa attended all of the online courses about cryptocurrencies, such as “Introduction to Digital Currencies” by University of Nicosia, Coin Academy, Coursera, Princeton University and University of Virginia. He wants to devote his experience, skills and time to build similar courses about Nxt.

More about the Nxt Academy team: http://nxtacademy.com/about/#team

With Nxt Monetary System anyone can run a decentralized crowdfunding campaign.
Learn more about the Monetary System here: http://test.nxter.org/nxt-core-monetary-system/

Create a new currency with Nxt

[PR]

Create a new currency in 2 minutes with the Nxt Monetary System

Nxt’s long-awaited Monetary System – an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies on top of Nxt – will go live on 10 January 2015. 

The Monetary System (MS) allows users to launch new currencies, securing them with the Nxt blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by ‘locking’ a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the Nxt platform, without the need for an external two-way peg.

Real-world application
MS brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex – and inaccessible to most users. MS is tailored to real-world application as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new coin. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.

Highly customizable
The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible.

The full list of parameters (with potential use cases) includes:

  • Exchangeable: Currencies can be exchanged all within the Nxt platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD).
  • Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers).
  • Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding).
  • Claimable: Reserveable units can later be exchanged at an agreed rate.
  • Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by Nxt’s proof-of-stake algorithm.
  • Shuffleable: Coins can be shuffled when this feature is implemented (anonymity).
  • Macro implications
    The Monetary System improves the distribution of wealth across the Nxt ecosystem, each currency unit possessing its own financial value.

MS also allows for the further decentralization of cyptocurrency and the wider economic landscape, achieved by:

  • Importing: First generation cryptocurrencies can transition into an MS currency, allowing them to take advantage of the many powerful features of the Nxt platform and ecosystem – including the Asset Exchange, Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.
  • Exporting: In the future a whole economy based on a MS currency could be transferred out of the Nxt system to another platform should the necessity arise.

For more information and to try for yourself please visit www.nxt.org.

You can republish this article for free. A full size featured image can be downloaded here.

Also read: Nxt [CORE]: Monetary System
Client download: Nxt Monetary System NRS Client 1.4.7

Image by crimi, http://peerexplorer.com. To join the Nxt Community: nxtforum.org.

NXTVisit.com – a Nxt Advertising Network

[PR]

NXTVisit.com is a NXT Paid-to-Visit website that lets advertisers place their ads onto the website. When someone clicks an ad, the clicker get paid a small amount, while the advertiser gets the benefit of getting their websites more exposure. NXTVisit.com has a wide demographics, therefore each business gets a much better mix of clickers compared to some of the other similar sites.

For Advertisers

• Start your campaign: Create your account and add your first campaign
• Spread your ads: you will get publicity immediately as your ads go online
• Draw quality visitors to your website! No scam, no bots. Real people, real clicks.
• PROMOTE A WEBSITE, FAUCET, ASSET, COIN OR OTHER…

For Visitors

• Click one of the active ads. Believe us, it can’t get easier than this.
• Visit the website for the required duration. Have a look around!
• Earn NXTs. Now that was a freebie! Rejoice at your earnings.

How does NXTVisit.com help advertisers?

First, the advertiser joins NXTVisit.com by creating an account. Next, the advertiser creates a new ad campaign by filling in the appropriate information, i.e. the title of the campaign, target URL, required duration of visit and the desired amount of clicks. Then the advertiser pays the cost of the ad campaign in NXT currency and the campaign takes off immediately, letting them to sit back and relax as their website enjoys quality exposure. Creating a campaign is just that easy!

We only and merely pay on the condition that users actually stay at the target website for at least the duration specified for the campaign. Say, you set this duration to 5 seconds: The user must stay on the target website for at least 5 seconds or more. When the visitor leaves after 4 seconds, they will not get paid for the click. When the visitor spends at least the time you specified, they will get paid. This is the most reliable way of drawing real traffic to your websites.

How does NXTVisit.com work for visitors?

Anyone can become a user on NXTVisit.com and get paid in NXTs for clicking ads on the website. The user must read the ad he clicks upon and stay on the target URL until the specified countdown finishes. Upon a successful visit, the user will promptly receive an incentive depending on the campaign. Each campaign will have a different amount of reward for succesful clicks. When the account balance reaches 150 NXT, the user can make a transfer from their NXTVisit.com account to their NXT wallet.

It’s surprisingly simple to become a user on NXTVisit.com. All you have to do is sign up at the NXTVisit.com website. Then, once the account is confirmed, all that’s needed is to start clicking on ads, reading them and earning NXTs as you do so. Payment in NXTs can be transferred directly to your NXT address when you have over 150 NXT.

NXT is a type of currency that is simple to send worldwide. NXTVisit.com is a great way for users to earn free NXT currency. Users can click on an average of five to 10 ads a day, sometimes more. To start making NXTs right now, all you have to do is create your NXTVisit.com account now and then you can enjoy our higher payout rates and shorter click timeout spans.

http://www.NXTVisit.com

Author:
NXTVisit.com