Nxt news – October 2016 (I): Improved security

NXT NxtCoin 2. generation cryptocurrency news

October 2016 (I)


Slowly but surely, news about Nxt kept coming up this past week:

Here below are more details about each of these:


  • Nxter.org mentioned at Techbullion

Angela Scott-Briggs wrote an article for the Techbullion magazine regarding the ten most significant sources of information in the blockchain scene. NXTER.ORG appears in fifth position in that list due to the following arguments:

NXTER is an online magazine that covers cryptocurrency features and development. The magazine has one of the most active communities.  Last year, the magazine was the Platinum sponsor of “Mind the Gap” crypto money expo.
Taking advantadge of this moment, we’d like to thank Angela for her nice words towards our magazine.

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  • How to improve security when using the Nxt wallet

After reading the testimony of a user who has suffered an account hacking at nxtforum.org, we’d like to remind users that using a strong, unique and long passphrase must be the first thing to do when setting up our account. Besides this, there are several advanced ways to secure our accounts even more:

  • From the NRS version 1,7 on, launched on November 2015, the Nxt platform has the Account Control feature enabled. This feature implements a number of methods for applying limits and controls on Nxt accounts, such as setting a lock on an account to prohibit any outgoing transactions or defining a set of rules for unlocking the account. The account control feature will allow a user to set a “lock” on an account which prohibits any outgoing transactions until certain conditions are met. This equates to having a Two-Factor Authentication when using your Nxt wallet. The following video by MrCluster87 explains in details how to activate this function.

[vsw id=”pV2eKifqrOg” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

  • Another possibility available for users to increase the level of security when using our Nxt Wallet is by using Offline Transaction Signing, which keeps us from introducing our passphrase on an internet-connected computer. The full process is detailed in the NxtWiki.

Source: https://nxtforum.org/general-discussion/account-hacked-around-500k-nxt-stolen/msg224846/?topicseen#msg224846




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  • Citizen blockchain

The fortnightly magazine Asset Servicing Times has published an article by Bas Wisselink, of the Nxt Foundation.

This article deals with the governance models that we can find in an open-source community like Nxt: how the first devs get together and started the project, the project management necessary to coordinate all the tasks that must be carried out, the governance system to coordinate all the people that take part in it, etcetera.

The article explains how the Nxt Foundation acts as a promoter and point-of-contact for anything that concerns the public blockchain version of the Nxt software, as well as manages the community around it, initiates development of applications, engages in research and thought leadership, and provides structured feedback from users to the core development team.


Source: http://assetservicingtimes.com/specialistfeatures/specialistfeature.php?specialist_id=162

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  • Ardor and Nxt subreddits have been updated

Travin Keith (AKA Marenkar), of the Nxt Foundation, has customized and optimized the Nxt and Ardor threads on the popular social media and news aggregation website Reddit. This is  what he has said about the changes made:

I played around a bit with the CSS by using a theme and then customizing it in an effort to make things look better… it’s important to keep in mind that a lot of people who are casually in crypto aren’t on the forum, IRC or Slack.




Source: https://nxtforum.org/nxt-promotion/ardor-and-nxt-subreddits/msg224866/?topicseen#msg224866

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  • MyNxt will be managed by the Nxt Community

The Nxt community is going to take over the mynxt.info website, which so far has been financed by SuperNet and managed and maintained by Tosch and VanBreuk. This is what VanBreuk says about the process:

Since the end of last year until recently, the hosting costs have been funded by SuperNET and this is in process of changing. So please do not blame Nxt Support for a malfunction in the block explorer, since it is not managed by the core Nxt team at this moment…

Both Tosch and I are working in multiple fronts and it is becoming difficult to spend time and resources on MyNxt. The whole MyNxt environment is a great tool, but it requires considerable attention and upgrades, and it is becoming more difficult to keep up….

But this also put in the table the convenience of a change in management, so these days the MyNxt infrastructure is leaving the SuperNET domains (where it’s been since the end of last year) and moving both feet into the Nxt community.




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  • Ardor at Bitcoin Wednesday

In this excellent video The Nxt Foundation’s Bas Wisselink introduces Ardor to a packed house during Bitcoin Wednesday on 7 September 2016 explaining the future features of the platform and the common problems that all the cryptos face, like blockchain bloat, which will be solved with Ardor.

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

Source: http://www.bitcoinwednesday.com/bas-wisselink-introduces-ardor

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  •  ARDR distribution on the exchanges

Dave Pearce, of the Nxt Foundation, has published a new tutorial addressed to exchanges in order to establish a precise way to distribute the ARDR assets among the clients that keep their NXT in exchanges.

We’d like to remind you that the exchanges Poloniex, BTC38 and Bittrex have publicly expressed their intention to distribute the corresponding ARDR assets to those users that keep NXT in those exchanges.

Source: https://www.ardorplatform.org/Ardor-Exchange-Distribution-Guide

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  • Weekly NXT price evolution

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

Nxt Price 02 oct 2016

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