NXT Newsletter #2

Welcome NXTers, newcomers and long time community members.

What a week! Results are starting to show on so many fronts. Totum maior summa partum.


This week’s topics:

  • Conferences
  • Asset Exchange
  • New clients + updates
  • Reddit
  • Nxt Charity
  • Videos
  • Proposals
  • Misc.
  • Quote of the week
  • Words of wisdom of the week


NXT was at the Berlin Conference.



The most interesting guy was probably the CEO from Cryptoventures, an experienced manager, who was born in Italy and the lived in Argentina, Spain and… London? Nxt’s altcoins will become a currency in African states and in Casinos. This guy will help provide contacts. We need to provide an easy platform for creating and mainteaning such coins.


We talked with a lot of companies about coordination with Nxt. Or to get more dev contacts, we we would be able to build all decentralized internet on top of the Nxt. We intriduced Nxt to..30-50 people? So now we can cooperate with OpenCoin, Hive, BitAngels, Dots for Bits…


Also we have new contacts for crypto conventions, so we are invited to San Francisco (who will attend?), to Bitcoin Camp (Nevada?) and we also spent hours with the Texas guys. It was important to intriduce Nxt to all consultants, advisors and journalists, so now they can talk about Nxt to other more important persons. It was interesting to bank guys. There was a young ambassadors from Deutsche Bundesbank. They are trying to get to the cryptoworld somehow so they are researching the situation.

Read the whole resumé by Salsacz here: http://test.nxter.org/nxt-inside-bitcoins-berlin-conference/


NXTers who are able to show up and represent Nxt should drop a line to Salsacz in the Nxt marketing thread.

Asset Exchange

Follow the AE thread here:

Boobs, motorskins, LOL’s and Zahl’s are being traded – even 1 BCNext is up for sale!

New clients

This week has been explosive when it comes to client releases. Hail to the client devs!


[NEW] Open source, rewrite of the official Nxt client’s browser-based GUI using jQuery and Zurb Foundation 5. Arrived a few hours ago. Features include:

  • Ability to use keyboard shortcuts
  • Ability to set a language for labels and messages
  • Ability to run secret phrases through a substitution cipher
  • Ability to display a QR code of the currently unlocked account
  • Ability to filter transactions by sent, received, confirmed, or unconfirmed
  • Customizing many aspects of Nxs through a config file

nxt client nxsnxs4


I look forward to hearing the community’s comments, questions, and suggestions. I have been working on this project for the past 4 weeks and have seen at least four additional Nxt clients be released since I began working on this. I believe the Nxt community will benefit tremendously from having so much great competition in the area of client software.

Between the client I’m working on, clieNXT and dotNXT, I think the Nxt community should be very well-served going forward!

There are language files for English, Spanish, and French, and a German translation coming up. Other translations are welcome and will be credited in the readme-file. You will find the GitHub repo here.



[NEW] Another surprise client release this week comes from Dgex.
This is a cross platform “offline wallet” for Nxt, that comes with some promising features.

Currently closed source. The source code will be released in the future.
Multiple account control. Display of total NXT holdings value in BTC and EUR. Forging is on by default.
Realtime BTC / NXT market rate and charts. Full info, download links and also a list of future features:


Client updates


Jean Luc has released 0.7.5
Remember always to STAY UPDATED: Check http://localhost:7874/update.html

Clienxt 0.0.5e


NxtSolaris 2.0


Windows Installer 0.7.5 [STABLE]




WesleyH Client

Register for testnet, try the client + AE and messaging. Still in development.


Your client is a wonderful


Freerider AE client


Please note: in terms of User Experience, this is an extremely rough release. However, the implementation of the API backend is complete, robust and multithreaded. The intention is to release a fully open sourced pythonic API, that can be directly inspected and extended by anybody capable of writing python code.




Our Nxt subreddit is growing rapidly. This week the reddit Tipbot arrived.
You can tip a redditor that isn’t registered in the bot yet, and he will receive a message with instructions on how to get his tip. It features off-chain and fractional tips. The source will be published soon after a bit of cleanup and commenting.


How cool is that? Thanks man, now lets spam the DOGE subreddit with NXT tips.

Passion_ltc has been one of the driving forces of this subreddit (+ LOTS of other projects).
He/she announced this week, that he/she will be off nxt until april. We wish you the best of luck!

Nxt Charity

A couple of “NXT doing good” proposals have come up this week.

This site was made:

Songs of Love

Nxters are trying to raise $10k worth of Nxt (170,000) for the non-profit organization Songs of Love. SoL is dedicated to providing personalized songs for children and teens currently facing tough medical, physical or emotional challenges. A kind anonymous Nxter has announced that he will double up any donation up until 100K made before the deadline. Deadline is 17.02.2014. 

Goal: 170,000 Nxt
Paid: 36K Nxt (Feb 18). Total: 72K Nxt.



Carbonfree Nxt

EvilDave has made a proposal for a totally green, carbon-neutral NXT:


It’s difficult to make a proposal like this without getting into the more controversial aspects of the Global Warming debate, as we have seen before on the BTT forum. One of the many good things about NXT is that it has a much lower power consumption than other crypto-currency networks.  There are estimates of NXT vs Bitcoin power use that project that NXT will use 5% of the energy used by Bitcoin, assuming that NXT and BTC are of equal size.


The basic outline of my idea is to have a dedicated fund , maybe from unclaimed coins, that is able to forge enough NXT to pay for a carbon offset program, for the parts of the NXT network that aren’t solar powered.

Very simply: NXT burns electricity, releasing a small amount of CO2 and other pollutants into the atmosphere. A carbon-offset program then compensates for those emissions by lowering (or capturing) emissions, for example by planting trees, investing in clean technologies, scrubbing CO2 or various other techniques.

Get with it here: https://nextcoin.org/index.php/topic,3418.0.html


Last week the first Nxt podcast was released. This week it’s video time!

Tai Zun has video-interviewed Anon136 about Nxt and broken it into 6 pieces:

Who Are The Key Players & Programmers Of The Nextcoin (NXT) Source Code?
What is the nxt arbitrary message system?
What Is A Nextcoin (NXT) Advance Hallmark?
What Is The Timeline For Nextcoin (NXT)’s Infrastructure & Feature Development?
What Is The Difference Between The Bitcoin (BTC) Blockchain Vs. The Nextcoin (NXT) Blockchain?
Why Were Security Flaws Purposely Put Into The Nextcoin (NXT)’s Source Code By It’s Developers?



You know what we need?  UNIFIED LOG IN.



NxtCash is a proposal for an anonymity solution, implemented on top of NXT.

The key features:

  • anonymous – it must be impossible to link sender and receiver
  • trustless – no need for a trusted party
  • decentralized – no need for a single party, no single point of failure
  • cryptographically secure – in providing both anonymity and protecting from malicious attackers, including double-spending attempts
  • efficient – handle a large number of transactions with reasonable response time, don’t put a significant burden on the existing NXT infrastructure and prevent unlimited growth of its own storage


Crosschain transactions


If we are able to work out how to do atomic cross-chain transactions *within* the Nxt platform then that would be a “game changer” (would probably spell the end for exchanges that say take 24 hours to do transfers – only those doing HFT would survive).

There are bounties to develop this, and the future looks bright.

Automated gateway backed by NXT Community


This means that within NXT there will be a decentralized exchange for all the cryptos, possibly within weeks! If the client devs will also add a custom crypto exchange to the clients, NXT will effectively have this built in for all users.


 Keep in mind this is the first step on the path toward fully automated DAC gateways.


Coin Development Kit


I will start the bounty with 25000 NXT. If you also like the coin development kit idea, please make a directed donation.


Not that we want to encourage such things, but the beauty of NXT is that there is nobody that will prevent you from doing a PoW coin on top of it. As long as 1 billion coins is enough, NXT AE seems to be a pretty good platform for customized coins. (…) My hope is that someone that knows how to do this (hint, hint) will publish a reference coin on top of NXT. Then we can extend it by adding customization, etc.

Interested? Go here:


“Does anyone dare with the idea”?


Trekkies and NXTers

Nxt will be one of two official currencies at Trekcon Springfield.



Online wallet


Opticalcarrier just had a marathon configure session to ssl cert our VPS which is now trusted. https://wallet.nxtty.com:7875/ So the community can make use of our online wallet if they wish, courtesy of the Nxt Mobile Applications Company.


Automated Scripts

Klee has funded a team to get this integrated.


Thanks to @klee we have begun a project to enable “scripts” for Nxt which will provide a “Turing complete” method of executing code to do useful things such as “pay dividends to shareholders” of a Nxt Asset. (…) CfB and myself will be sharing technical lead on this project and will be working with a small focused team in order to get this done “right” and as “quickly as possible”.

Follow the development here:

The code will be open sourced when the feature is finished and extensively tested.

If you want to become a payment gateway, you should visit:

Nxt Payment Module

Nxt payment module is being developed for WordPress


Nxt chat with NXT tokens authentification


Contribution-based forging

… is part of BCNext’s plan part 3. Will be revealed in April.

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

Forging power leasing in ~1 month


Local signing implemented after launch of AE


Voting System will be added to test next week



nxt monolith


gvans plans for two limited 10 piece series:
Crystal transparent “genesis-monolith” and solid glossy black “darknxt-monolith”.

Number 1/10 will be up for auction later, others are priced 5000 Nxt flat. Pre-order here:



Has been bought. Now it’s up for sale.


…got new owners.
BrooklynBtc has purchased it with a team including support from Msin and voldermort628.


Immediate plans is to update and refresh it. (…) We are looking to add a NXT/LTC pair as well, and whatever else the community is interested in (DOGE?)


Nxt Forging Competition

The one with the lowest amount of Nxt balance while forging a block will be rewarded 1000 Nxt.

Competition ends after the block 79,500 is forged in the Nxt system.

There is currently a valid entry, forging with a low balance of 10,007 Nxt.
Anyone forging with an account balance lower than 10,007 will have a chance of winning this.

Chess Tournament

There are still 2 rounds to go. Check it out HERE.

Starcraft 2 showdown

Prize: 25.000 NXT. The game is today, 18.02.2014. Read more HERE.

NxtDB is open source

Source code for Nxt Database has been released.


Doctorevil / JesseJames has offered his help.
Doctorevil showed his skills last week by hacking genesis account + finding a critical bug.

Set up a free VPS



Vault of Satoshi are ready to implement Nxt


Quote of the week


NXT (incl. AE & TF) + zerocoin functionality + atomic crosschain transactions… mind -> blown


Words of wisdom of the week


We also WANT big companies and small countries to create NXT nodes. THAT is what BCNext was saying!!! The people that are using NXT (directly and mostly indirectly) are the ones that are motivated to add nodes and thus securing the network. At any given time the NXT network + new nodes will always be more secure than just “new nodes”, so the rational thing is for all new NXT adopters to add to the existing NXT network.

Get your message through to the newsletter, contact: http://test.nxter.org/contact.
Any feedback about the newsletter is welcome too. Donations? Ok, 196910366798475802. Thanks.

Lost a newsletter?
Find it in the archive @ nxter.org.

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

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