Nxt News – October 2017 (II): The Way to Get Started is to Quit Talking and Begin Doing

October 2017 (II)

Welcome again, fellow Nxters! Not so welcome is the rain, remember when it was nice and sunny out? Snuggle up with your favorite warm beverage and catch up on the world of the blockchain. The fourth round of the IGNIS ICO continues, Jelurida and the Nxt Foundation had an informal meeting, and more.

As always, we provide comprehensive, yet accessible coverage of the rapidly evolving and growing blockchain world. For our long-time readers we have the latest events; for our new readers, we have the info to make you an expert in no time at all. Sit back and enjoy with your favorite.






This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.



The fourth round of the IGNIS ICO continues. Small and larger orders are placed and executed daily. After months of hype, it is now possible to participate in the ICO and buy JLRDA without running a full node client, placing several buy-orders in advance, or having to figure out the most advantageous peer settings and transaction fees in order to buy. For more in-depth analysis of the penultimate round of the ICO, follow our exclusive ICO reports.

At the time of writing, 65M+ JLRDA is available at a rate of only 1.05 NXT per token. This is the perfect opportunity to buy in and be ready to appreciate the revolutionary parent/child chain architecture of Ardor as IGNIS will be the ONLY unrestricted child chain. Be apart of something great and buy now while supplies last!


Ignis ICO Schedule
Dates JLRDA tokens for sale Price of 1 JLRDA in NXT
Aug 05 – Aug 12 60,000,000 0.40
Aug 26 – Sep 02 80,000,000 0.55
Sep 09 – Sep 16 100,000,000 0.76
Sep 23 – Oct 21 100,000,000 1.05
Oct 28 – Nov 04 up to 100,000,000 1.45



Live stats from the Nxt Blockchain

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  • Jelurida and Representatives of Nxt Foundation, Agavon and Nxter Magazine in Barcelona

Last week there was an informal meeting between the core members of the above companies while attending the Blockchain Solutions Forum in Barcelona. Opportunities for photo-ops were plentiful and we have many permutations of smiling people to share! This was an opportunity for various members of the respective teams to be co-located, some for the first time ever! The community bonds between Nxter, Nxt Foundation, and Jelurida run deep and we are always thankful and appreciative of the opportunities to work with them to rule the world promote Nxt / Ardor / Ignis solutions.


Kristina, of Jelurida, wrote:

Hi, everybody! We had a great time at the Blockchain solutions forum last three days in Barcelona! It was not an ordinary conference for us because all Jelurida members had to be in one place (and this does not happen so often but also because this time we got to meet so many friends, thanks for joining us travin, ruben bc, vanbreuk, fsarrias, igmaca! And thanks to everybody who stopped at our “booth”! Looking forward to the meetup tomorrow and also to some sightseeing in beautiful Barcelona!

Nxter’s very own Ruben wrote:

RubenBC: after some years working inside the community I were able to know the faces behind and strengthen the relation. It has been one of my better experiences, sympathy and good feelings are the main subjects of the team. I’m waiting for the next time! Thanks @Jelurida, @Agavon and @Nxtfoundation to made it possible

Riker  speaking at “Blockchain Solutions Forum” in Barcelona

Riker: I think it was good exposure. Dozens of presenters before me talked about the ICOs and all the wonderful projects they are going to implement. Then I came last and spoke about how they can implement it.

Lior Yaffe himself has written a post about this event that we mention later in this very same newsletter.

The IGNIS ICO Presentation.PDF

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  • Crypto Woman – Let’s Build a Blockchain Together!

Elizabeth, the Crypto Woman, released an informative video about a use case for the blockchain: encrypted messaging. She enthusiastically promoted the NXT encrypted messaging platform. According to her, the reason the feature is not more widely used is that sending an encrypted message is a transaction and that requires a transaction fee of 1 NXT. Her stated goal is to develop a blockchain exclusively for encrypted messaging that has very low transaction fees, think micro Satoshi (10^-8 BTC/ 10000000 Satoshi = 1 Bitcoin) cheap. The NXT platform will be the base for this new blockchain but she is recruiting help from the best and brightest minds in the blockchain community to get around the integer transactional fee structure that underpins the Nxt platform.

She wrote:

I’m Elizabeth and if you’ve seen my earlier videos you will know that I’m building a blockchain for business. I have been studying several use cases to apply a blockchain solution to and I want to explore all of them with you. Since I started this journey, I’ve realized an immediate need and so we are going to sidestep and segue into a blockchain project right now.

In my online chats and in-coffeeshop discussions with people I realize there is a huge need for encrypted messaging. From places in the world that are closely monitoring even the most private conversations to organizations that are burdened with the cumbersome logistics of protecting sensitive client information, there is a growing cry for a simple, straightforward way to communicate privately.

The Encrypted messaging feature of the NXT blockchain has solved that problem and it’s been used effectively for several years. But there is a reason it isn’t more widely used. Each message is seen as a transaction on the blockchain and every transaction costs one NXT coin – which today is the equivalent of about 7 cents here in the United States. This is cost prohibitive for conversations and so has not been widely used.

As a public service, I am going to create a blockchain for messaging with very low transaction fees. This messaging blockchain will be built using the NXT platform and will be an encrypted messaging tool anyone can use – anywhere in the world.

My next step will be to approach the community of developers and blockchain enthusiasts of NXT for their insight and help. Stay tuned. This is going to happen soon!

Be sure to follow my YouTube channel and find me on Twitter at @TheCryptoWoman to take part of building this blockchain with me.



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  • Janus – Status Update

Janus released a video teaser for their new side project JNSHash. Coinciding with this is their update on the mod process as they upgrade and overclock Vega 56 graphics cards into cheaper versions of the Vega 64. Once all the GPU rigs have been modded they will be applied towards the new JNSHash project. Janus co-founder, Bjorn, will likely have this project ready for the holiday season so we eagerly anticipate announcing more news as it is released.

The Janus team wrote:


Hi Janus community, just a quick update:
We have begun the process of bios modding several and *Vega 56 cards* and turning them into Vega 64. So far all cards modded successful.

We will be tweaking gpu rigs for several projects upcoming but will keep everyone aware when that comes.

Yes we know that people want to know how this will affect _Janus tokens_ and that info will come after phase 3 is complete. Bjorn and I are pushing for late November early December. Bjorn is a big fan of holiday surprises if you know his work in the past you will understand.

Thank you for all your support.

JNSHash Mining

Someone is going to have fun with his “adult Legos” as these cards undergo significant modding.

Introducing: JNSHash Mining

Join the “Janus Token” YouTube Channel

[NXTBridgeAssetInfo id=4348103880042995903]

[NXTBridgeAssetStock id=4348103880042995903]

You can find a list of all paid dividends here. Also, follow the Janus news on https://nxter.org/janus, and Janus Twitter.

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  • Adel – Status Update

Adel was featured in many articles last week. Labeled as a blockchain legitimizer by Coindesk and recently added to investFeed and the Token Market Tracker platforms, there is much to read about Adel and their continued efforts to become the epicenter for crypto-enthusiasts to engage and collaborate with the community and manage asset portfolios.

Adel wrote:


Token Market Tracker ▲ $ADL
Speaking of research and investment platform Token Market… You can find the Adel profile here to share across your networks.

Coindesk ▲ Isle of Man Welcomes ICOs Following Adel’s Success ▲ Adel Ecosystem
More great coverage of Adel in the news. Here is a recent article on Coindesk that mentions Adel as an innovator in the legitimization of ICO projects. The Isle of Man tells Coindesk it is opening its doors to entrepreneurs looking to launch initial coin offerings. The self-governing British Crown dependency in the Irish Sea has created a new regulatory framework to support businesses in an effort to capitalize on a growing vertical market and keep consumers safe. The article mentions Adel as the model that helped to enable this move https://www.coindesk.com/icos-welcome-isle-of-man-to-unveil-friendly-framework-for-token-sales/

NEW Watch List on investFeed ▲ $ADL
investFeed is a community powered stock trading network that combines the model of StockTwits, Steemit and Token Market. The New York-based equities social platform is built on the Ethereum blockchain and has ties to TD Ameritrade, e*Trade and Fidelity. The company hopes to be the epicenter for crypto enthusiasts to engage with the community, place orders and manage portfolios.
Adel is now listed and active in the 15,000+ member space. Connect and share at https://www.investfeed.com/adelecosystem

Follow Adel In Medium

Adel’s first incubated project will be iFin.io.

[NXTBridgeAssetInfo id=17477397104276156702]

[NXTBridgeAssetStock id=17477397104276156702]


More info

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  • Bitswift – Status Update

The Bitswift Bittrex swap is officially concluded. The Bitswift Shop is still under construction and looks to launch soon. Last week they announced that they successfully integrated Bitcoin processing to the shop as they look to replace their decentralized marketplace option with the Bitswift Shop.

They are still in need of quality talent to help build and grow. If you are interested and have experience with the Nxt API PM them on Slack.

Bitswift wrote:


The bittrex swap is over
everything on trex is the new bitswift asset

Bitcoin processing fully integrated
Coming soon…. Bitswift Shop.

We can add new categories as community sees fit.. I think Digital Cameras should be one of them.


For info: We are planning on replacing the decentralized marketplace option with our online shop in our own token manager client after the Ardor migration. Decentralized marketplace is cool, but does not quite fit our business model at the moment.

We are looking for developers to help us roll out our digital product line. If you are interested please shoot us a PM.

Experience with Nxt api would be beneficial.

[NXTBridgeAssetInfo id=12034575542068240440]

[NXTBridgeAssetStock id=12034575542068240440]



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  • Lior Yaffe in Medium – Transparent Forging Dissected Review of One of the Most Promising Features of NXT

Jelurida co-founder Lior Yaffe wrote about the benefits of Transparent Forging, one of the unique functions designed into the NXT POS algorithm. TF is great for improving the scalability of private blockchains, among other things.

He wrote:


The NXT POS algorithm has unique ability to predict the node which will generate the next block a.k.a Transparent Forging, TF has the potential to significantly improve transaction propagation speed and reduce forking. TF is not implemented on the public blockchain due to security reasons. TF is ideal for improving the scalability of private blockchains.


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  • Lior Yaffe in Medium – The Barcelona Blockchain Solutions Event

Lior Yaffe attended to the Barcelona Blockchain Solutions Event. He wrote a post explaining his impressions from this event:

Most of the teams in the ICO were raising money for their future project or to integrate a technology from another domain like gaming or telecom with a blockchain token. Almost all of the teams were using or plan to use ETH ERC20 tokens, almost none of them actually knew which infrastructure they will use for their project, most of them had unrealistic expectations from what can be achieved using existing blockchain technology “we need to support 100K TPS”. It was a Blue Ocean for pitching and educating people about Ardor and about the NXT Blockchain Creator Kit. There were no other devs from any other competitor in sight.


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  • Techburst.io – POS vs POW Revisited – How the Tides have Turned

Related to what we published in a previous Newsletter, Lior Yaffe, aka Riker, Nxt/Ardor core developer and co-founder of Jelurida…

Few weeks ago I published https://medium.com/@lyaffe/nxt-proof-of-stake-theory-vs-practice-e895ac8cb5bf where I explained why the simple proof of stake algorithm used by NXT is practically secure. Still I didn’t claim it is more secure than Bitcoin’s and Ethereum’s proof of work. Now I do.

Reflecting on my visit to China couple of weeks ago just in time for the ICO ban and the Chinese exchange closure, one has to ask what’s next? What if the Chinese government also performs the next natural step and close all of China’s Bitcoin and Ether mining factories?



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  • Steemit – Portfolio Updates ETH, LTC, XTZ, ARDR

Cryptocurrency enthusiast S4m0ht wrote a Steemit post about the updates to his portfolio last week. He is bullish on Ardor and is impressed with the core team behind the platform. This is good news for Ardor and we look forward to announcing news about Ardor as the time until the launch into the mainnet gets ever closer.

He wrote:


This is the most exotic pick I did during the summer, Jelurida is the software house working on NXT a completely different technology base w.r.t. BTC or ETH. Such completely different technology is an hedge against eventual problems that can bug the other blockchains (miner wars in BTC, hacker paradise in ETC, etc..).

The thing that really sold me this one is the team, where there is an high experienced developer who worked in the early ebay. Of course this was my minor pick, also, Ardor, when released, will be a PoS so you should take it out of exchanges and let it rest in your private wallet.


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  • Usine-digitale.fr – GreenFlex (Total) Veut Conjuguer Smart Grids et Blockchain à Grandes échellesInve

French language article about GreenFlex, a subsidiary of Total specializing in sustainable development. GreenFlex is working with the consulting firm, Blockchain Partner, to build a blockchain demonstrator dedicated to local energy loops. Many challenges await them, most importantly the decision of what will be the technical foundation of the protocol. Ethereum and Nxt are being considered, with Nxt being the slight favorite due to easier scalability at the large volumes that dominate the financial and business worlds.

Translated from the article:

On the technical side, the choice of protocol has not yet been decided. Blockchain Partner plans to study the Ethereum blockchain with confidentiality modules but also the NXT technology, already used by some banking systems.

“The platform needs to support a large volume, which gives an advantage to the NXT technology that natively manages the functionality of a decentralized market,” said Antoine Yeretzian, co-founder of the consulting firm.

Lucas Elicegui, directeur Innovation chez GreenFlex, filiale de Total spécialisée dans le développement durable.


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  • TradingView – NXT Buy Opportunity

If the price bounces from 0.060000 support level, it will give us a good trading opportunity. The market has been moving between 0.060000 and 0.020000 levels 4 months amd -0.82% now the price is at the bottom of this price channel. RSI is going to confirm price reversal. MACD lines support an upward movement. DMI 0.47% allows open long trades. We can try to catch this price reversal and further upward movement. Pending orders for buy should be placed above the local high at 0.080000 level. Stop orders can be below the support at 0.052000 level. Profit targets should be 0.013000 and 0.018000 levels.


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  • TradingView – Ardor – Chance to be a Millionaire

No need to comment here. If you miss a chance to be a millionaire with Eth/xem/NEO/OMG, then this is ur -5.17% next chance -Fantastic team (devs of WAVES, lsk, xem -0.80% are original from Ardor community) -Chinese community -price is freaking cheap now and bottom is formed. The only way is UP UP UP -real business application -team has big funding from Ignis ICO 0.00% -mainnet is going to be released in Mid November


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  • 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:

Live stats from the Nxt Blockchain Asset Exchange:

[NXTBridgeAssetStock id=12422608354438203866]

[NXTBridgeAssetCandlestick id=12422608354438203866]


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And that is all for this week, Nxters. Make sure you have more of your favorite warm beverage available as you stay tuned next week for more up-to-date coverage on the penultimate round of the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this momentous ICO.

Follow us on Twitter for important breaking updates during the week as they happen. Stay tuned and stay informed, dear readers. See you back here next week!

Help us grow and help us continue to provide excellent and focused coverage on the ever-growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.


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