Nxt news – August 2016 (II): New Beta version

NXT NxtCoin 2. generation cryptocurrency news

August 2016 (II)


Nxt doesn’t stop in August. Here’s some of the latest news about Nxt over this past week in August


Here below are more details about each of these:

  • New experimental version 1.10.0.e launched

The main novelty of this experimental version is that you don’t need to have completely downloaded the blockchain in order to start making transactions using the NRS. Whilst the blockchain download takes place in the background, the wallet connects automatically to other nodes with Open API (roaming client mode) to start making transactions immediately. Once the blockchain download is completed, the local node will become a full node, and there is no need to stay connected to other nodes while on the roaming client mode.

In addition, the NRS can be permanently configured to run in roaming client mode without even trying to ever download the blockchain. Thus becoming the de facto LITE wallet for Nxt.

Source, details and more info: https://nxtforum.org/nrs-releases/nrs-v1-10-0e/

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  • Riker’s presentation about Nxt/Ardor

This video comes from the Bitcoin event that took place the 27th of July in Tel Aviv, Israel. Lior Yafee, one of the Nxt core developers better known in the community as Riker, gave an interesting conference about some of the key concepts in Nxt and how Ardor is the perfect solution to the usual blockchain issues that come up. It’s always a good thing to be able to listen to a main developer talking about the technology they are developing.

In this talk, Rikers starts talking about some basic concepts, a little bit of the history of Nxt, as well as:

  1. The usage of brain wallets with Nxt as an alternative to the common solutions with other cryptocurrencies.
  2. The term of forging instead of the mining used in other cryptos.
  3. The PoS concept instead of the PoW used by Bitcoin, it’s advantages, and how it solves the issues that some PoS critics pointed out in the beggining.
  4. The transparent forging feature, a system ready to be implemented when the number of transactions make it necessary.
  5. The Smart Transactions, a proven and secure way to build simple smart contracts.
  6. The future: ARDOR (Nxt 2.0) and the child chains
  7. The positive way in which the Nxt community embraces the hardforks, which is seen as necessary thing in order to introduce new functionalities. However, Riker also explains how the Nxt comunity didn’t support a hardfork some years ago, such us when the Chinese exchange BTER was hacked. The theft that wasn’t related to Nxt platform but to the negligence of the managers of that exchange. That case has some similarities to what has happen recently to Ethereum and The DAO, but the Nxt community worked it out it in a very different way and no hard fork was necessary.

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You can see the slideshow that Riker used in the presentation here.

Source: http://www.meetup.com/es-ES/bitcoin-il/events/232620342/?eventId=232620342&chapter_analytics_code=UA-30265189-2

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  • Choosing the name for the Ardor’s first child chain.

The name of the first child chain on Ardor still hasn’t been decided. The community has launched an open process to choose the name. Nxters can pick their favourites or ask for a name to be included in the list.

It’s a wide list, so twice a week the names with fewer votes will be taken out of the contest. The goal is that the community shortens the list to a small bunch of names, and then the Nxt Foundation will make the final decision, based on technical, legal and commercial criteria.

Source and poll: https://nxtforum.org/general-discussion/poll-pick-your-3-favorites-to-be-used-for-the-1st-ardor-childchain/

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  • Interview with Dave Pearce, from the Nxt Foundation

This summer Vincent Everts has made an interesting interview with Dave Pearce (aka evildave). They chatted primarily about the main aspects of this cryptoplatform. In the interview, they start talking about some basic concepts like the origin of this second generation cryptocurrency, the history of Nxt and it’s users, the Nxt Foundation, as well as more advanced subjects, such as:

  1. The differences between Bitcoin and Nxt: While bitcoin has the basic functions of creating tokens, moving tokens and, soon, staking tokens, with Nxt the blockchain can be used for a lot of more things. These include encrypted data transfer (messages and/or files), creation of our new tokens (assets or coins of the Monetary System), and numerous other features.
  2. Projects that can be developed on the Nxt’s blockchain, like for example:
    • Secure document management with the guarantee and security of the blockchain, or, in other words, sharing files through the blockchain with its own timestamp which allows a complete and unchangeable record of all the versions and updates among the members of a workgroup.
    • Encryption of messages, thus opening up a new infinite field of possibilities
  3. The levels of privacy in Nxt and in Bitcoin

NXT 2nd generation blockchain platform. What is it? What can you do with it? Why didn’t I know it?

[vsw id=”7UltaENdSKk” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

  • Another great dividend distribution from Liquid

Liquid has done it again!. It’s managed to deliver 19BTC in dividends or, in other words 1.31NXT per share. How does he make it? We have a pending interview with Libertynow (the creator of Liquid) and then we’ll ask him about his key to the success of his asset

libertynow [2:17 AM 08-02-17] Currently converting 19 BTC to NXT for LQD dividends. That’ll help the price a bit, too.

Source: https://nxtchat.slack.com/archives/general/p1470097048002590

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  • NXTP dividend distribution

Recently, nxter.org has deliver the dividends for the months of May, June and July to the owners of the NXTP asset. We’d like to remind you that the only way to get NXTP is by buying them through the asset exchange or, even better, by becoming a collaborator. Write about what you like and you will get paid!

Source: https://nxtforum.org/nxter-org/accounting-7309/msg222959/#msg222959

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