NXT Newsletter #1

Welcome NXTers, newcomers and long time community members.

How to start a newsletter when Nxt has already been on the roll for 2.5 months?


This week’s topics:

  • Upgrade!
  • Asset Exchange
  • Nxt Funds released
  • BCNext’s plan (part 2)
  • Organize, NXTers!
  • Clients
  • Quote of the week
  • Words of wisdom of the week


This week a critical bug was found in the Nxt core.
If you are still running a client below 0.6, update to the latest client at nxctcrypto.org (404 link removed) NOW.

Jean-Luc wrote:
Fixed a critical bug. Everybody should upgrade immediately.
No explanation, just that. Later followed the reason for several upgrades during the same day:

Critical bug DISCLOSURE


Few days ago the guy who found a vulnerability in Blockchain.Info and picked the secret phrase of Nxt genesis account found a security flaw in NRS cryptographic algorithm. The flaw allowed to replay transactions that would lead to double-triple-etc amounts sent. In fact, by finding this flaw he conducted an audit of Crypto class and won the bounty that we collected specially for such a case.

I can’t explain details of the flaw, coz it’s out of my area of expertise. U can contact him directly via nextcoin.org forum. The flaw has been fixed and all who updated to 0.6.0+ are safe now. Users of older versions are safe too as long as they are connected to nodes with 0.6.0+.


Genesis passphrase:
Quote from: 1984 – George Orwell:

It was a bright cold day in April, and the clocks were striking thirteen.

On the 05.02.2014, a “doctorevil” found Nxt vulnerable to a transaction replay attack, and sent CfB, Jean-Luc, and OpticalC THIS. Answering to the Nxt Community’s plea for him to immediately join the dev team:

I don’t have the time to contribute consistently, although I’d be happy to be an adviser. Either way, NXT is likely to benefit from my independent “Q.A. efforts” whether I’m formally part of the team or not 🙂

Asset Exchange

On the 11th of February the public test begins!

CfB announces:

Testnet. I’ll be giving testcoins to everyone.

There is an update of the ClieNXT GUI: [Code name] AE testnet.
Get it from this link: https://bitcointalk.org/index.php?topic=345619.msg5054385#msg5054385


Xth of Feb – release

[UPDATE 11.02.2014]
JOIN THE PUBLIC TEST: https://bitcointalk.org/index.php?topic=345619.msg5072720#msg5072720

Nxt Funds

Unclaimed Coins has been transferred to the 3 chosen treasurers.
Only 100k is left on the account controlled by CfB. It will be used to pay the reward for the injected fatal flaw.

Rickyjames has made a “summary of organizational activity which has occurred during the first five days of the NXT Community Nominations To The Funding Committee” and followed this up with 4 proposals, posting polls on these.

James, jl777, put it like this:

We now have nearly 1 million usd budget to be able to fund everything in parallel, plus as nxt gains value so does budget!

Interested? You should be. Get involved. Go vote, NXTers.

Rickyjames Proposal 1:https://bitcointalk.org/index.php?topic=454420
Rickyjames Proposal 2:https://bitcointalk.org/index.php?topic=454372
Rickyjames Proposal 3: https://bitcointalk.org/index.php?topic=454327
Rickyjames Proposal 4: https://bitcointalk.org/index.php?topic=454320

BCNext’s plan


BCNext has been asking for reactions to his first part, Come-from-Beyond recently wrote:

(…) he is upset that community doesn’t wish to review and develop his ideas. Anon136 is the only one who does. (…) Start with Transparent mining, or What makes Nxt a 2nd generation currency and extend it or find flaws and fix them.

Today we got the second part of BCNext’s plan for the Nxt protocol. CfB:

1: Transparent mining, or What makes Nxt a 2nd generation currency
2: Transparent mining 2, or What part of Legacy should be left behind

Anon136’s article “Why NXT ought to be taken seriously” is found HERE.

Now, when Nxt got its own community, it’s time to get rid of the facade and reveal true properties of Transparent Mining. These properties r obvious to everyone who spent some time analyzing Transparent Mining, but still…

All Nxters should read this and comment.
The open question is: WIll the community follow BCNext’s ideas – or choose a different path?

Organize, NXTers

Yes…. We DO have an urgent need to get the decentralized initiatives and Nxt development organized!
Good initiatives and visions drown in the thread. There are  examples of Nxters developing the same features, not knowing eachothers’ plans,  missing the chance to work together. This newsletter is an attempt to CENTRALIZE (there, I said it ;)) important informations. Zahlen has taken another step to fulfill the need:

I’ve started a section on the wiki for organizing our projects. In particular, check out the List of Proposals and Bounties page. We could link to stuff that is “active” there: Forum threads, google docs, or other wiki pages where projects are being discussed and hashed out, and project statuses are being updated. (…) Don’t worry about messing things up, it’s a wiki, everything can be reversed. And don’t worry if you don’t know wiki formatting, just type/copy and paste. Other people can help you clean things up. If there’s demand, I’ll put up a quick guide to simple wiki editing. I’ll be technical support. Anyone has a problem, e.g. getting errors, can’t figure out how to do something, ask me and I’ll troubleshoot.

It can’t be stressed enough: Go there.
This applies to ongoing projects and new initiatives: Write your project or idea into the wiki, please.
If you want to be sure to get your update or new project mentioned in the NXT Newsletter, post HERE.


Nexern Client

is to be released by the end of this month.

Inxt 1.0.5:


NxtSolaris 1.7:


Windows Installer 0.7.2


dotNXT 0.7.2



Chess for Nxt

Sign up for the FICS/NXT tournament HERE.
Share a “NXT bringing anonymous payments to the world of chess” article.

24h forging service



A WordPress plugin, that allow log in with NXT token.


Encrypted messages


NXT Wallet database




NXT mobile messenger


The Nxt Crypto podcast

The RSS feed for the cast is NOT ready to go yet, but the first episode is done!

Check it out here:

Silver Bullion NXT Gateway

More info and discussion thread: https://bitcointalk.org/index.php?topic=455861

Nxt will (eventually) get listed on Cryptsy

BTC Talk Episode 82 https://soundcloud.com/mindtomatter/e81-the-bitcoin-opportunity from 13:30m onwards.

Quote of the week


Imagine Bitcoin 100 years from now. Most of income comes as transaction fees. Nxt is a time machine that brings us to that era.


Words of wisdom of the week


This thread is a crazy roller coaster ride.  It strains everybody’s abilities just to hang on for the ride.  We all do it because if something interesting about NXT is going to pop up, it’s probably going to pop up here first.  But it takes everybody’s personal mental bandwidth just to process these posts.

That said, to gather information and defragment the thread on bitcointalk is almost a full time job.
To be sure to get your message through to the newsletter, you can contact: http://test.nxter.org/contact .
Any feedback about the newsletter is welcome too. Donations? Ok, 196910366798475802. Thanks.

Didn’t understand a thing?
Go to nxtcrypto.orgwiki.nxtcrypto.orgnextcoin.org or nxter.org to find out more about NXT.


0 0 votes
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x