Nxt News – June 2017 (I): Intellectuals Solve Problems, Geniuses Avoid Them

June 2017 (I)

 

Welcome Nxters!
Here’s the latest news about Nxt and Ardor over this first wonderful week of June:

NXT COMMUNITY

NXT AE

DEVELOPMENT

NXT IN THE MEDIA

PRICE EVOLUTION

 

Below are more details about each topic.

This week’s newsletter is put together by apenzl, RubenBC, jose, and is proof-read by marenkar.

NXT


NXT COMMUNITY

  • Jelurida – Blockchain Expo in Estrel, Berlin

Jelurida was presented by Kristina and Tomi at Blockchain Expo Europe, which was held in Estrel, Berlin, from June 1-2. The event was focused on learning about blockchain and building partnerships in this emerging space as well as explore the industries that are set to be disrupted the most by this new technology. These include the legal sector, financial services, healthcare, insurance, energy, music, government, real estate, and numerous others.

kristina [7:22 AM]:
Good morning, everybody! Yes, really great time, a lot of people were visiting our booth and I didn’t have time to make many pictures.

I am really getting used to the interest that Nxt and Ardor generate at these events (although I slightly lost my voice from talking for two days). Once again thanks to all the people who came at the Nxt/Ardor booth at the Blockchain Expo in Berlin!

Source and more information: https://nxtforum.org/general-discussion/jelurida-attending-blockchain-expo-europe/msg232059/?topicseen#msg232059

https://blockchain-expo.com/europe

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  • MyNXT.info Is Back 

MyNxt.info, a popular 3rd party Nxt online wallet + awesome blockchain explorer has been under maintenance for the past few months. However,  registrations are open once again today. New users can now enjoy the easy-to-use online wallet, along with plugins like ‘Nxt Assets’, ‘Nxt Monetary’, and even the full Nxt NRS Client without having to download the blockchain.

Mynxt.info was started in 2014 by abuelau. In 2015, it got passed over to SuperNET, which was going to update it with its latest 3rd party Nxt additions, such as InstantDEX, the MultiGateWay, and block explorers for all the SuperNET core coins.

However, the developers never received proper funding. Initial developers Tosch and VanBreuk updated the Nxt wallet and block explorer, but Tosch understandably left to take care of other projects due to the lack of compensation. We can thank the Nxt Foundation for the current fixes as they hired development company BTownWeb and paid the bill, in addition to coordinating some fixes with Lobos from Janus, so you all can use the MyNxt.info services again.

Please consider tipping VanBreuk for his endless hours and support, as well as everything else. Tip hard working Nxters, please. Read on.

More information: https://mynxt.info/blockexplorer/

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  • Nxt Foundation Welcomes Four New Annual Supporters 

Great, isn’t it? But you, yes YOU, if you haven’t paid support to the Nxt Foundation yet, I think you should take action, like right now. Has Nxt or Ardor been good to you? Do you want it to do better? Remember, the Nxt Genesis and development got funded with 21 Bitcoins back in 2013. Only 21 BTC to BCNext in one of the first blockchain ICOs ever. Unfortunately, he left, and none of those Bitcoins went to marketers, Nxter.org, or the Nxt Foundation.

The Supporter Program was launched in early 2017 with the purpose of creating a source of regular funding for the activities of the Foundation to promote the use of Nxt and Ardor blockchain technology. Becoming a supporter also comes with many benefits, such as being listed on this page and having your own @nxtcommunity.io or @ardorcommunity.io email address. Please note, however, that while the Foundation is grateful to its supporters, being one is not a sign of endorsement from the Foundation.

https://www.nxtfoundation.io/supporters

Source and more information: nxtforum.org/news-and-announcements/nxt-foundation-supporter-program/

www.nxtfoundation.io/wp-content/uploads/2017/03/Nxt-Foundation-Marketing-Strategy-2017.pdf

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  • Capodieci  – Differences Between Smart Contracts and Smart Transactions in The Blockchain Summit, organized by the UNICOM 

Blockchain expert Roberto Capodieci, partner of the Nxt Foundation, CEO of DeBuNe, DigitalBillionsOTDocs, (Open Trade Docs) and founder of TheSoundKey and Go.Notifile.me, will be giving a 45-minute educational presentation of the differences between Smart Transactions like on Nxt and Smart Contracts like on Ethereum.

The Blockchain Summit, organized by the UNICOM will take place on 16th June 2017 Singapore. The Blockchain Conference 2017 will bring together a diverse range of experts who will discuss all the opportunities, challenges and exciting possibilities in innovation and disruption that can be leveraged in Singapore using this technology.

Blockchain is a revolutionary technology that minimizes fraud and maximizes efficiency, security & transparency in supply chains, healthcare, global money systems, financial technologies, democratic elections, auction of public assets, energy trading, electronic record authentication, delivery of Government services, IoT and much, much more. Blockchain technology in the information age represents the critical intersection between the financial rails, social networking, and powerful decentralised networks.

Source and additional information: http://www.unicomlearning.com/2017/Blockchain_Summit_Singapore/

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  • Capodieci – “Tic Tac Toe”: Playing with the Blockchain Consensus

Does he know what he is talking about? Better believe it!

Meet Capodieci in this Interview  |  Roberto in: FinTech Asia votes on the Nxt Blockchain

In this 2-day course we will design the flow of a Blockchain powered “Tic Tac Toe” game where, regulated by the Blockchain Consensus System, users can play one against the other, one Blockchain transaction at a time. While having fun, you will gain an understanding that Blockchain is more than a “distributed ledger”; you will also learn about the difference between a “Smart Contract” and a “Smart Transaction,” how the Blockchain Consensus works, and what it can be used for. After this course, each participant should have acquired the conceptual notions to design systems that are able to solve any decentralised and distributed process using Blockchain as a parameterised communication channel between parties

Requirements

  • Attendees should have at least a basic understanding of Blockchain technology
  • Optional: have a copy of Nxt installed in your computer (download from: https://nxt.org/download)

Duration: 2 days
Venue: Singapore University of Social Sciences (formerly known as SIM University)

Source: http://www.suss.edu.sg/CET/Documents/Roberto%20Capodieci%20-%20Distributed%20Tic%20Tac%20Toe%20playing%20with%20the%20Blockchain%20consensus.pdf

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  • NXTBridge – Cold Storage and OFFLINE Signing

In the last newsletter, I, apenzl that is, was quoted for announcing some video tutorials.

Are you afraid to lose your funds? So am I. Luckily, Scor2k has developed a small downloadable html client as part of our growing NxtBridge Suite, which makes it easy to create Nxt Cold Storage accounts and also sign any Nxt transaction OFFLINE (broadcast it via NxtBridge or just a public Nxt node). No one but you will ever see the passphrase as it NEVER has to be exposed to the internet.

The NxtBridge Suite of programs is mainly developed by scor2k in partnership with NXTER.ORG, and aims to build a bridge between ordinary internet users/website admins and the Nxt (and soon Ardor) blockchain features. No account or transaction info is stored on central servers, just code providing access and functionality. More announcements will be made when appropriate. For now, here’s how you can download the NxtBridge-OFFLINE html page and use it to create an account and sign any transaction.

More NxtBridge video tutorials are available at https://www.nxter.org/nxtbridge-offline.

You can also use the NxtBridge plugins on any WordPress site to get and show live Nxt AE information, TIP Button, account ledger, and to broadcast OFFLINE signed transactions to the Nxt Blockchain.

OOOPS: Did I really expose the passphrase to the demo account in that video? Oh boy. The first who logs in to the account can have the NXT and ARDR in it. There’s also a clue to follow if you log in, which leads to another asset Easter egg!

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NXT AE

  • New section?

Or should we rather write a separate Market Report?

We used to have a Market Report, before trolls killed the AE market. But, lately asset issuing and AE trading is reviving. So, if you’d like a separate Newsletter for assets, one to go along with the /assethub news, please let us know.

Cast your vote in your Nxt Client:
Voting System > Active Polls > Nxter Newsletter Poll (ID 15893442631575921861).

The poll is open until Saturday, no minimum balance is required to vote. 1 vote per account.

Nxt has lots of hidden treasures on the AE! Some dead assets, sure, but lots of really good stuff out there too, issued under the radar, by entrepreneurs from different countries, but all on the same stable and secure blockchain, Nxt. All of which could use some Nxter love and attention.

We can build it up, people. There’s no need to sit back and wait for Ardor to arrive when the features are already here, in production, on Nxt! Remember, issued assets can be moved to Ardor!

So, if you’d like to help by writing about Nxt, the Nxt AE market, post your price analysis or just share ideas, let me know. Start a personal blog on Nxter.org, or let’s work together on spreading the word in others ways.

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  • Adel – It’s Time To Vote!

The ICO is over. 443,8 BTC (1M 6.474 € current fiat value) has been reached with 590 participants.

Congrats to the team.

Jess Allen, marketing professional for Adel, did a great final effort and wrote in Slack: “THANK YOU COMMUNITY – on Monday we had 300 BTC – 3 days later we ended with 439BTC (unofficial – just what I see online)… thanks for sharing, liking, engaging, contributing… history was written today… thank you for being part of it”.

Gabriel Dusil takes over:

Our minimum target was 900 BTC. But even though we did not reach this minimum, Adel will proceed with a voting module to decide whether members would like to proceed with Adel. We are passionate about our vision, and we have great plans for the ecosystem. We have presented a compelling plan to proceed with Adel in WP#11, and we believe contributors to our ICO are also passionate about our vision. We want to plow forward with Adel, because the seed capital raised is enough to establish momentum to build the second phase of our ecosystem (see our roadmap in WP#10).

There is much more upside in bonuses than in the original plan:

VOTE HERE

The voting window for WP#11 is now live for 1+ BTC members.

Gabriel Dusil writes:

The way we look at it – everyone wins:

  • – Participants Win: The participants get a better return on their ICO contributions, due to a more attractive bonus structure (i.e. there are up to 40% in ADL coin bonuses by agreeing to the plan in WP#11). Participants who get their contributions in ADL will be able to sell their coins on the exchanges.- Community Wins: There will be two more ICO rounds left to expand the community and incubate more projects! So this is just the beginning of a great road ahead. Those participants from ICO Round 1 will receive a special “Community founding member” status in future initiatives.

  • Community Wins: There will be two more ICO rounds left to expand the community and incubate more projects! So this is just the beginning of a great road ahead. Those participants from ICO Round 1 will receive a special “Community founding member” status in future initiatives.- Market Wins: by listing ADL on the exchanges, new members will be able to join the community and contribute to business plans and successful projects. The current plan is to list on CryptoDAO, Stocks.Exchange, Bittrex, and C-

  • Market Wins: by listing ADL on the exchanges, new members will be able to join the community and contribute to business plans and successful projects. The current plan is to list on CryptoDAO, Stocks.Exchange, Bittrex, and C-Cex.

  • Ecosystem Wins: The Adel market cap begins at 6.9m Euros based on our initial fixed rate of .07 Eurs calculated in WP#11 against the balance of the 100m ADL coins released in the future.

  • Adel Wins: Adel establishes a reserve to raise more funds for projects in the exchanges (the funds will stay in escrow till the 2nd phase license is obtained, as with the original plan). This reserve is essentially a Post ICO funding opportunity to raise seed capital for projects, and further serves to strengthen the community’s project portfolio.

 We consider our ICO a major success – especially in terms of the Nxt blockchain – and are happy to be partnering with such a great team in Nxt and Ardor. Adel is the first KYC/AML/CTF compliant ICO in the world, and even though we were not able to include the Americans in the ICO, we still managed to raise over 1m US$. (Two thirds of people looking at our website every day, were Americans). We are also one of the few ICO’s that has *significant* substance to our business model and future vision. Despite some significant roadblocks to our ICO, we have 590 participants from over 70 countries around the world.

I can’t predict the future, but this is crypto, so you never know what could happen to ADL once it’s released on the exchanges.

If you have any questions, you can also join Adel public slack channel (https://adelchatinvite.herokuapp.com/). Also, Adel will try their best to quickly respond to email inquiries sent to adel@adelphoi.io

More information: www.adelphoi.io

Twitter    LinkedIn    Facebook     Reddit

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  • Janus – Monthly Dividend Paid – And Some Give-Aways

On June the 1st, the Janus team paid 313,996.03 NXTs in dividend to Janus asset holders. They have recently started some giveaway campaigns in order to gain attention to their platform, such as with Stocks.exchange, which announced that they are running a promotional campaign for Janus.

In this following video, Ken from CryptoWarriors gives a short introduction to Janus and janustoken (JNS), the dividend-paying Nxt asset. 1950 JNS will be given away in his contest, where participants try to guess the $ value of a Bitcoin on the forthcoming Friday. Closest 4 participants will be given JNS.

Source and more information: #janusproject (Link to join Nxtchat on Slack)

News compilation about Janus

ae-Janus-4348103880042995903

A press release, about Janus’ past, present and promising future, has been sent out this week to medium to large media outlets around the world, which should reflect in more media coverage about the Janus asset and the Janus Project soon.

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DEVELOPMENT

  • Nxt Blockchain – Full Changelog

changelog-full

Source and more information: https://www.jelurida.com/

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  • Nxt Blockchain – Loadtest Results

Here are the results from a blockchain workshop conducted on May 15th, 2017. The test was performed using a modified version of an Nxt 1.11.5 private blockchain instance. During the test, 3 million sendMoney transactions were submitted to the blockchain by a load testing tool, while the behavior and performance of the nodes were carefully inspected and profiled.

Test results and observations are listed below:

Hardware

  • Node #1 – Asus N752VX 16GB RAM 256GB SSD Windows 10 64 bit
  • Node #2 – Dell Latitude E5550 16GB RAM 512GB SSD Windows 7 64 bit
  • Network – 1 Gigabit Ethernet

Software

  • Nxt 1.11.5 with modifications running as private blockchain
  • Java 1.8.0_131
  • JMeter 3.1 loader utility

Test Configuration

  • Two forging nodes each funded with 100M NXT
  • sendMoney transactions
  • 3 Million confirmed transactions over a time period of over 8 hours
  • Block time of 1 minute
  • The existing 256 Transactions per Block limit has been removed

Node Configuration

  • nxt.peerReconnectDelay=0
  • nxt.peerUpdateDelay=0
  • nxt.maxNumberOfTransactions=72000
  • nxt.maxUnconfirmedTransactions=72000
  • nxt.peerServerDoSFilter.maxRequestsPerSec=3000
  • nxt.wellKnownPeers=<node1>;<node2>

Results

  • Sustainable throughput of 100 TPS (Transactions per Second)
  • CPU utilization average of 30%
  • Memory consumption of 3 GB

Observations

  • Unlike the blockchain used by the loadtest, the current production public blockchain is practically limited to around 12 TPS on top of the 256 transactions per block artificial limit which further limits its throughput to around 4 TPS. At the moment higher throughput is not needed, however, it can be provided relatively quickly.
  • Scaling the blockchain to 100 TPS required complex optimizations. These optimizations won’t be released under the GPLv2 license. They will be available only for commercial private blockchain projects or blockchains running under the JPL license.
  • For a single workstation forging independently, maximum performance was 280 TPS.
  • For the dual node test, the main limiting factor was fork resolution, switching to a better fork is a resource intensive operation – we should see improvement in this respect in Ardor due to more efficient peer networking.
  • Workstation CPU and Memory were not maxed out by this test, from this we conclude that:
    • I/O and mainly database performance is the limiting factor
    • SSD drive is a must have for a high performance node
    • Hardware with slower CPU and less RAM should still achieve similar results
  • More specifically, the H2 database, currently used by Nxt, represents a possible bottleneck. We are looking into replacing it with an external database for commercial blockchain deployments.

Conclusion

Being able to scale to 100 TPS is a great achievement for Nxt, however we are not stopping here. For Ardor, we are planning to invest a lot of resources into load testing and scalability to make it an even more scalable blockchain solution.

Source and more information: https://www.jelurida.com/nxt-loadtest-results

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NXT IN THE MEDIA

  • Steemit – How I Doubled my Investment in 4 Weeks and Now Have a Passive Income Getting Dividends Every Month

We’d like to point out that we are just sharing the opinion of an analyst because they are referring to NXT. However, that doesn’t mean that Nxter approves nor disapproves this opinion. Investors are always responsible for doing their own proper research and analyze the risks when investing in volatile markets such as cryptocurrencies.

Source and more information: https://steemit.com/cryptocurrency/@askaran/how-i-doubled-my-investment-in-4-weeks-and-now-have-a-passive-income-getting-dividends-out-of-it-every-month

 

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PRICE EVOLUTION

  • Weekly NXT/ARDR Price Evolution

The following graphic shows the NXT / Bitcoin exchange price at Poloniex over this past week:

The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:

(Back to the Index)

apenzl
Come get me

apenzl

Arthur founded NXTER.ORG in December 2013 and started writing Nxt newsletters to the Nxt community.

Managed the development and implementation of Nxt's visual brand in 2014, with web design bureau Ideenfrische.

Issued the NXTP asset in 2014, a profit sharing asset given to early contributors to Nxter.org that helped turn the site into a magazine, publishing news and articles in several languages, and running faucets, contests and social media campaigns for Nxt. ESMA based a report on Nxter.org's coverage of the Nxt AE in 2015.

Arthur is still one of the driving forces behind Nxter.org. He compiled the acclaimed book about Nxt 'SNAPSHOT', which got published in early 2017.
apenzl
Come get me

2 thoughts on “Nxt News – June 2017 (I): Intellectuals Solve Problems, Geniuses Avoid Them

  1. Nice easter eggs, think just found one of them. Just voted on the poll with those accounts 🙂

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