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Nxt news – August 2016 (V): Trustworthy information

NXT NxtCoin 2. generation cryptocurrency news

August 2016 (V)

 

We are in the final rush during this last week of August and these are the main new topics of the week:

Here below are more details about each of these:

 

  • Open ballot to choose the name of Ardor’s first Child Chain

The Nxt community has opened up the process to choose the name of Ardor’s first Child Chain, though there is still over a year before its launch. We are currently in the middle of the voting process in which all Nxters can participate.

The first part of the process allowed users to choose and vote for their 3 favorite names, using the poll tool on nxtforum.org. For a few weeks, the ones with fewer votes were cleared off of the list until only a small group of these names were remaining with a revote after each clearing. After a final bunch on names were chosen by the users registered in the forum, the Nxt Foundation carried out due diligence and they were forced to exclude some of the finalists to avoid future problems.

The second part of the voting process is being carried out at the moment through the Voting System on Nxt platform. The two finalist are IGNIS and ACE. The poll is going to last until around the 4th of September 2016, when block 944,204 is reached. All the Nxt users with a stake of at least 5,000NXT can cast their vote and only one vote per account is allowed. The Nxt Foundation has stated that the result of the election will be binding.

pool

Source: https://nxtforum.org/general-discussion/blockchain-vote-pick-your-choice-for-the-1st-child-chain-for-ardor/

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In our previous weekly news compilation, we mentioned some magazines that had echoed about Megalodon’s campaign to promote the strengthening of the Nxt’s network by offering a series of bounties to those Nxters who run a node. It’s no surprise that other media have put their eyes onto this promotion. Roger Aitken at Forbes magazine remarks that Megalodon (AKA the whale-eating shark) seems to be more interested in the long term success of Nxt rather than short-term financial gain when running this campaign.

VMNH_megalodon

Besides this, Bas Wisselink of the Nxt Foundation, states in this article that Ardor (Nxt 2.0) will provide users, business and governments a truly scalable blockchain that they will able to take advantage of it with no need of an extensive technical background.

Dave Pearce, also of the Nxt Foundation, remarks in the article that some basic concepts about how a Proof-Of-Stake platform works and the differences with other Proof-Of-Work coins (forging vs mining). He also expects Ardor to become the Linux equivalent within the world of cryptocurrency. For example, Android, Mac and various users of the internet users don’t know that the software they are running uses Linux. Maybe one day a lot of people will heavily use Child Chains supported by Ardor without even knowing it.

Source: http://www.forbes.com/sites/rogeraitken/2016/08/23/crypto-investor-offers-150000-nxt-winner-takes-all-bounty-to-launch-ardor-blockchain/#2988c296a694

Almost simultaneously to Forbes’ article, some other media have noticed Megalodon’s campaign:

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  • Improprieties in an article published at Coindesk

Recently, Coindesk magazine has published an article about the implementation of the Coin-shuffle feature, where Daniel Krawisz stated that Bitcoin is going to become the first cryptocoin to adopt this feature created by Tim Ruffing. The Nxt community has quickly raised their voice and claimed that the information was incorrect as that protocol has been implemented in Nxt since November, 2015.

Damelon: Interesting blind spot you have there, or just bad research. Coinshuffle has been incorporated into Nxt since version 1.7 and was implemented on November 28th 2015. Tim Ruffing himself did the audit of the implementation. Next time, do your homework.

Schermafbeelding-2016-02-04-om-16.16.31-1024x515

You can verify that this feature was implemented a long time ago on Nxt by visiting the following links:

  1. https://nxt.org/what-is-nxt/coin-shuffling/
  2. https://bitbucket.org/JeanLucPicard/nxt/issues/325/coin-shuffling
  3. http://www.nxtinfo.org/2015/11/30/nxts-upcoming-1-7-release-featuring-coin-shuffling-singleton-assets-account-control-and-an-improved-forging-algorithm/
  4. http://bitcoinist.net/nxt/
  5. https://nxtforum.org/privacy/coin-shuffling/
  6. http://bitcoinprbuzz.com/bitcoin-competitor-nxt-version-1-7-4-goes-live-decentralized-data-storage-coin-mixing-and-more/
  7. https://cointelegraph.com/es/news/what-debate-nxt-votes-unanimously-to-add-coin-mixing-anonymity
  8. https://www.zapchain.com/a/l/nxtorg-nrs-v174-data-cloud-account-control-coinshuffle-assets-dividends-amp-more-meet-real/V91WpbVKKk

It was even mentioned on http://crypsys.mmci.uni-saarland.de/projects/CoinShuffle/, that the shuffling feature was implemented  on  the Nxt blockchain.

Update: Coindesk, after listening all of the voices that pointed out their mistake,  has edited the original article. The coin shuffle implementation may be the first in Bitcoin, but not in the cryptoworld, since Nxt has had that functionally implemented for a long time.

Update 1 – Coindesk edited the Coinshuffle article some days later:

But on 15th August, developer Daniel Krawisz sent what he believes is the first transaction utilizing this tool on Bitcoin. (The transaction type was previously tested on the alternative blockchain platform NXT).
……..
Update 2 –

Coindesk: This article has been updated to specify this the first implementation of CoinShuffle on the Bitcoin network.

……..

Update 3 –

Damelon: I received a mail from Coindesk apologizing and explaining why it happened. Nice gesture.

Not long after the complains of the Nxt community, Daniel Krawisz, the author of the article, was reluctant to eat humble pie and kept asking open-ended questions in his Facebook page regarding obvious things about the shuffling implementation in Nxt. These questions were properly answered by the Nxt community:

Unbenannt3These are the urls linked in the answers above to Daniel:

  1. https://bitbucket.org/JeanLucPicard/nxt/src/85a30d797ace530ad1a4884a5360810ce57b514c/src/java/nxt/?at=master
  2. https://bitbucket.org/JeanLucPicard/nxt/issues/325/coin-shuffling
  3. https://nxtwiki.org/wiki/Coin_Shuffling
  4. https://nxtforum.org/core-development-discussion/coin-shuffling-code-review-by-tim-ruffing/msg200411/#msg200411
  5. http://crypsys.mmci.uni-saarland.de/projects/CoinShuffle/

Everything seems to be clarified now. Nxt and its community is, one more time, one step ahead.

Source to the article: http://www.coindesk.com/bitcoin-privacy-advances-first-coinshuffle-transaction/

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  • Riker writes an easy-peasy tutorial about how to install Java Server JRE in Linux

For a newcomer to Linux, is not always straightforward as to what version of java we have or what repository download  from, which can be a tedious task. Because of this, Riker, one of Nxt Core Devolopers, has written the following short instructions and, as a result, prevented new users form some serious headache.

This procedure was tested with Oracle Java Server JRE 8u102. However, you can easily adapt it for any other version or flavor of Oracle Java by updating the download URL and version numbers based on the Oracle Java SE.

Download site http://www.oracle.com/technetwork/java/javase/downloads/server-jre8-downloads-2133154.html

You don’t need root access and the JRE is installed directly under the user folder.

1. Download:

wget --no-cookies --no-check-certificate --header

"Cookie:gpw_e24=http%3A%2F%2Fwww.oracle.com%2F; oraclelicense=accept-securebackup-cookie" http://download.oracle.com/otn-pub/java/jdk/8u102-b14/server-jre-8u102-linux-x64.tar.gz

2. Unzip:

gunzip server-jre-8u102-linux-x64.tar.gz

3. Untar:

tar -xvf server-jre-8u102-linux-x64.tar

4. Run:

./jdk1.8.0_102/jre/bin/java

 

nxt-java-blockchainSource: https://nxtforum.org/general-discussion/install-java-server-jre-on-a-linux-worstation/msg223817/#msg223817

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  • Newbium

Newbium is a marketplace tool developed by the creators of Nxtty that provides real time information about the main cryptomarkets. It’s integrated with Shapeshift and thus allows buying and selling in and easy and efficient way.

Recently, their webpage has published a short analysis about Ardor, where boosted Nxt’s market capitalalization from the previous year, together with the raise in the transaction volume. Two good signs for Nxt and Ardor.

e82707da16258152639

Source:  https://coins.newbium.com/post/396-crypto-market-update-nxt-ardor

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  • New video by Marc de Mesel

In this video, Marc expresses his thoughts about Nxt’s latest news. This time, he doubts that it’s a good time to sell NXT. This goes against the mindset of those expecting to buy NXT later at a lower price after a market correction.  He thinks that this decision is very risky and that the alleged correction may never happen and thus one runs the risk of been left out of a project that has great potential.

Moreover, after 1 and a half months since the beginning of the snapshot process in order to the determine the future give away of ARDR with the current amount of our NXT stake, we should add up the value of the ARDR that we are entitled to receive in our account. All these things, together with the sharp increase in the price of NXT, is making of it a really good investment.

[vsw id=”wMMkws4fzWg” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

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  • Solar forging

Zuqka, a member of the Nxt community, presented his 100% solar powered Nxt node a few weeks ago. Together with some images of the setup of the equipment, Zuqka attached a really interesting  analysis by Matthew Czarnek, where he demonstrated the advantage of Nxt versus all PoW cryptocoins.

This project shows that you don’t need a powerfull workstation to generate (forge) blocks in Nxt (actually you can do it with simple and unexpensive hardware like a Raspberry Pi, Cubietruck, Odroid…), nor do you need to consume a large amount of electricity. Having a large amount of storage space also won’t be necessary because Child Chains transaction records will be prunable. Really interesting project!

20160723_113022

Source and more information:

https://nxtforum.org/nxt-promotion/solar-nxt-forging-rig-and-odroid-c2/msg222443/?topicseen#msg222443

https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit?usp=drive_web

Some more pictures:

https://goo.gl/photos/6zcWSNNozgRb4s7B7

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  • The local Nxter Twitter accounts in Spanish and French acquire over 100 followers

Our colleague Yassin is doing a great job in making Nxt tweets spread all around the internet. His hard work is one of  the main reasons why the Nxter accounts in French and Spanish language have reached 103 and 101 followers, respectively. Combined with the followers of the English version of  Nxter with 1,099 users, we can say that these are very considerable figures.

Thank you to all our followers!. We really appreciate you being here. We’ll keep working hard to share first-hand and trustworthy information about this exciting platform to the community.

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