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Core developer Lior Yaffe introduces the Nxt core features and design, it's API and the future, Nxt 2.0, ARDOR.

binary-thinking

Getting Started

BCNext, initiator of Nxt, building on Bitcoin creator Satoshi Nakamoto’s ideas, sketched out his vision of a distributed cryptographically secure blockchain platform, comprising not only a digital payment system, but a wide range of built-in services and the capacity for third party developers to add their own applications, all fully secured by the Nxt Proof-of-Stake (PoS) protocol.

Nxt is a Blockchain 2.0 Software.

Blockchains can be useful in various applications, facing global audience and supporting company internal infrastructure. A blockchain is a distributed database, a copy of the blockchain is stored on each node in a peer-to-peer network. This extreme redundancy can be duely considered inefficient, but please stay with me for a couple of minutes of blockchain theory.

As each node validates all transactions recorded into the blockchain and as past transactions cannot be rolled back or tampered with like in traditional RDBMS, this redundancy makes the blockchain *immutable*, and that is a very important value proposition of blockchains. Immutability of data is something traditional databases cannot provide.

Nxt has built a whole ecosystem around secure and transparent data handling. You can start your own services, create currencies, issue assets and trade them, use a built-in marketplace, data cloud and much more!

The Nxt Reference Software (NRS)

The NRS server is a Java application with two interfaces: one for communicating with other servers through the Internet (forming the network of nodes), and one for responding to requests from clients through its extensive API.

The NRS can run on small devices like a laptop computer or even a Raspberry Pi without exhausting it, and Nxt’s unique algorithm does not depend on any implementation of the coin age concept used by other PoS cryptocurrencies – it is resistant to the so-called Nothing at Stake attacks.

Smart Transactions

Nxt and Ardor use ‘smart transactions’ not ‘smart contracts’.

By leveraging these primitive Nxt transaction types, Nxt can be seen as an agile, base-layer protocol upon which developers without much prior knowledge in the cryptocurrency field can create a limitless range of secure decentralised services, applications, and even other currencies.

With smart transactions Nxt transactions do not require any script processing or transaction input/output processing on the part of network nodes; scripts are already embedded, the code which is executed is actual software that runs in the node server.

When a user wants to express their opinion at a poll, purchase an item in the marketplace or sell some stocks, the transaction the user submits contains only the parameters necessary for the transaction, and the ID of the functionality they want to use, keeping the consensus of the majority of the nodes as the absolute proof that the output, saved in the next block, is the genuine result of that transaction.

Another difference is that a computer application has tenfold more power and possibilities, compared to a script interpreted in a virtual machine, as it is the case with the “smart contracts” used in f.x. the Ethereum blockchain.

“Nxt is indeed the most amazing decentralised tool for businesses that knows no borders, no central authorities, no risks of fraud. With its API and hundreds of endpoint calls, Nxt is an easy tool to integrate with other software solutions, thus being the perfect solution for each business need.”

~Roberto Capodieci, DeBuNe

Blockchain As A Service

With the upcoming release of ARDOR (Nxt 2.0), planned for testnet in Q1 2017 and public mainnet in Q3 2017, scalable customisable childchains with their own unique transactional tokens, crosschain transactions, secured by an existing network of nodes, will become available to anyone.

Developers working with the Nxt API can port their new or existing Nxt projects to the new ARDOR ledger, IF they want to do so, after it has been launched.

"We have chosen Nxt for the technology it provides, it’s known stability and it’s technological roadmap. We hope to be part of the Nxt ecosystem for a long time to come.”

~ lobos, the Janus project

Nxt Plugin system

Nxt Plugins are installed locally.

The plug-in system is an example of the philosophy of flexibility and versatility that is at the heart of Nxt. Nxt Plugins enables third-party software developers to add functionality to the Nxt (NRS) client.

Nxt NRS Plugins

Beginners guide

Coding for NXT Crypto Platform #1

By Guest author | 23/11/2016 | 3 Comments

Coding for NXT Crypto Platform #1: Configuration Setting up the config File The configuration file of Nxt is an important tool for you to setup how Nxt works on your computer. With the configuration file, you can setup your Nxt to use SSL, Setup Nxt on a Raspberry Pi or configure your Nxt for development, … Read more

Coding for NXT Crypto Platform #2

By Guest author | 23/11/2016 | 3 Comments

Coding for NXT Crypto Platform #2: First Steps About Nxt Did you ever want to participate in a financial field with your Software without taking big risks and have an easy and anonymous access to? Have you tried to access monetary systems and get transparent data from Asset Exchanges, Marketplaces, Data clouds? Nxt is a … Read more

Coding for NXT Crypto Platform #3: Output from the Asset Exchange

By Guest author | 23/11/2016 | 1 Comment

Coding for NXT Crypto Platform #3: Output from the Asset Exchange The Star of Blockchains Welcome to the third article on coding with NXT. In the previous articles I have shown you how to set up your Nxt configuration file to easily develop with JavaScript and how to get the first output from the Blockchain … Read more

Coding for NXT Crypto Platform #4: Historical Asset Data

By Guest author | 23/11/2016 | 0 Comments

Coding for NXT Crypto Platform #4: Historical Asset Data In the last topic I showed you how to retrieve basic data about Assets from the Nxt Asset Exchange. In this article I want to cover how to receive historical trades. The API call we are using here is “getTrades”.’ Historical Trades Historical trades can either … Read more

Coding for NXT Crypto Platform #5: Transactions on the Nxt Blockchain

By Guest author | 23/11/2016 | 0 Comments

Coding for NXT Crypto Platform #5: Transactions on the Nxt Blockchain Nxt Blockchain The Nxt Blockchain is the heart of Nxt. Every Transaction ever made is recorded on the Blockchain. The Blockchain is a decentralized database, which is saved on your computer. To prevent spam, for every transaction you have to pay fees in the … Read more

Resources

You can blog about your progress on Nxter.org.

Don't forget to tell us about your apps, plugins and projects, so we can help you spread the word!

Ardor Rocks!

By apenzl | 02/10/2018

UPDATE: 3000 IGNIS is now in the prize account! NOW 3000 $IGNIS plus some #MUSIC to the first person that solves this #NxterPuzzle #contest! Find the owners of the #RockStar guitars in the picture, their names are a passphrase to an #Ardor #blockchain account with #free #cryptocurrency. https://t.co/Z4A2vEBvhW — NXTER Magazine (@Nxter_org) October 13, 2018 … Read more

New Ardor series on YouTube

By apenzl | 27/09/2018

Today, Jelurida’s Youtube channel got itself a new URL. Why should you care? The Ardor Updates and Lightweight Contract videos were the first to be uploaded to this channel, and if you have been hyperlinking to any videos on this channel lately – note the links in your posts might stop working and need to … Read more

Nxter News – September 2018 (IV): The Two Most Powerful Warriors Are Patience and Time

By apenzl | 26/09/2018

Nxter News | September 2018 (IV) The Two Most Powerful Warriors are Patience and Time Welcome, dear Nxters and other followers! Good things happen with time, and time is a precious asset: for you and for us. Over the past months, Nxter has been working on a rebrand and the fruits of our labor should be … Read more

TOKOK Exchange Platform supports IGNIS

By apenzl | 24/09/2018

In the process of updating Nxter.org to reflect the latest state of our ecosystem, I have been updating myself on exchanges that have IGNIS listed – not all of them are represented on CMC. One new exchange on the block is TOKOK, launched just months ago, July 2018. NXT and ARDR are supported (due to a community … Read more

Nxter News – September 2018 (III): The Question Is Not What You Look At, But What You See

By apenzl | 18/09/2018

September (III)   Welcome, dear Nxters and other followers! Seeing is believing. Sounds obvious, simple even. Yet many people look, but they do not see. Haters out there close off their minds to logic and new experiences, we have all seen people do this. It is sad. People too quickly succumb to fear, uncertainty, and … Read more

How am I feeling, doctor?

By apenzl | 18/09/2018

Prize account: ARDOR-QYVK-DK7G-AWKU-B7AZD 20 words is the passphrase. madfox wrote: Please forgive me. I forgot the 20th word! 19 words, lower case, divided by a single space. Keep an eye out for the final word and stay healthy. This is the Nxter Puzzle for week III, September, 2018. This NXTER PUZZLE was sponsored by the Ardor … Read more

Need funding? Consider starting a crowdfunding campaign on the Nxt Asset Exchange.

Need a landing/download page for your project? Apply for a free SSL sub-domain on Nxter.org. Get in touch with us.

 

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