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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 | 0 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 | 2 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 | 0 Comments

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

Ardor Features vs Nxt Features

By apenzl | 29/01/2017

Jean-Luc, Nxt and Ardor core developer, has published a chart on nxtforum.org that compares the major differences in the functionalities between Nxt and Ardor: Blockchains Single chain One parent chain with multiple child chains Transaction tokens The same token (NXT) is used for establishing the consensus and providing the security of the blockchain, as well … Read more

Does Ardor mean the death of Nxt?

By marte | 25/11/2016

The Ardor snapshot phase is over and the Ardor assets (ARDR) have been distributed. The amount of NXT in an account no longer influences the number of real ARDR forging tokens it will receive once the Ardor network goes live. Watching the price of NXT fall these last few months should give a good hint to everyone – there is no longer any reason to hold … Read more

The ARDR token is trading!

By apenzl | 14/10/2016

Today, on October 13th, at block height 1000000, or 42 days before the Nxt blockchain’s 3rd birthday, the Nxt 1.0 -> Nxt 2.0 snapshot period came to an end, and 998.999.495 ARDR assets were automatically distributed to all accounts which had held any amount of NXT since the first snapshot was taken 3 months ago. … Read more

Jelurida Q&A – Nxt core devs mean business

By apenzl | 10/10/2016

On October 07, 2016, Damelon announced the incorporation of Jelurida BV, a new startup software development company consisting of Nxt core developers Jean-Luc, Riker and Nxt Foundation member, Damelon. Jelurida BV, as holder of the intellectual property rights for the Nxt software and the Ardor platform, aims to create a sustainable and thriving business around the Nxt … Read more

The Nxt 2.0 token distribution

By apenzl | 31/05/2016

Details about the Nxt 2.0 token distribution have been announced. Those who have been following  Nxt 1.0 know that the launch of Nxt 2.0 (Ardor) will be a big and important step forwards, not just for Nxt but for blockchain technology in general. With the amazing and broad set of truly disruptive, stable features already running on the Nxt 1.0 blockchain, the next leap forward … 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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