Nxt News – July 2017 (II): You Cannot Dream Your Path to Success, You Must Forge It

July 2017 (II)

 

Welcome again, fellow Nxters! Summer is in full swing and we are still working hard to provide you with the relevant news of last week in this concise format.

As always, whatever your interest and whoever you are, you are in the right place for your comprehensive analysis of all things Nxt and Ardor. Last week was action packed, with many interesting and exciting opportunities presenting themselves.

NXT COMMUNITY

NXT AE

DEVELOPMENT

NXT IN THE MEDIA

PRICE EVOLUTION

 

NXT

This week’s newsletter is put together by jagd, apenzl, rubenbc and Jose, with final edits by Travin Keith.


NXT COMMUNITY

 

We asked and you delivered Nxters! The IGNIS logo competition has 29 great designs submitted. Many people have already expressed their opinion and now we have set up a poll on Nxt’s blockchain in order to let the community show their preferences for the logo. We are grateful to the community for their support in participating in this competition. However, we should keep in mind that Jelurida and the Nxt Foundation have the final say. The top 3 logos will be selected in less than 48 hours.

Poll title is “IGNIS LOGO

The poll ID is 1977236085310946157
Sender account is NXT-ZZW7-U2KL-AV2U-8P8FE

In this post you can find a compilation with the 29 options.

The poll will be active until block 1391320 (12th of July, just 48 hours to cast your vote!!!)

You can choose up to 3 options out of the 29 available but you must hold at least 1000 NXT in your Nxt account in order to cast your vote.

The creator of the winning design will be awarded 5000NXT and a free 1 year Nxt Foundation Supporter+ status.

More information

Source: https://nxtforum.org/general-discussion/ignis-logo-lets-create-one-together!/msg233741/#msg233741

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  • IGNIS ICO will be held on Nxt Blockchain

Along with a shiny new logo, IGNIS will have its ICO in the near future. 

Nxt and Ardor core developer Riker explains some of the technical details:

When Ardor mainnet is launched:
[The] ARDR parent chain tokens will be distributed based on the NXT ARDR asset id 12422608354438203866 balances [on the Nxt Blockchain].  

IGNIS child chain tokens will be distributed as follows:

  • 500 Million based on the JLRDA currency balances sold during the ICOThis will include small amounts of IGNIS already promised through promotions
  • slightly less than 500 Million IGNIS will be distributed based on the existing NXT balances at 2:1 ratio.

The JLRDA currency, most likely, won’t be supported by exchanges, so you’ll have to use the NXT wallet to purchase it and use the same passphrase in the Ardor wallet to receive your IGNIS.

After the mainnet launch, there will be a NXT hard fork which will lock the [Nxt] ARDR asset balances for trading [on the Nxt Blockchain] to prevent scams.

Exchanges will have to somehow replicate this distribution process which won’t be simple.

  • Exchanges which assign NXT account per user can simply connect to Ardor using the same passphrase and observe the distribution balances.
  • Exchanges which keep all balances in a pool will have to follow the distribution process.

We will be using NXT for the IGNIS ICO because we are proud of NXT and we trust NXT more than we trust Bitcoin or ETH and because it is natural for a token based on the NXT technology to use the NXT technology for its ICO. There are also good technical reasons for this which will be explained soon.

Source and more information

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  • #OpEasterEgg

Oh my, look at all the FREE STUFF we have just lying around. Last week, 5 digital copies of the Nxt book, SNAPSHOT, which is finally going to be listed for sale on the Nxt Marketplace from July 15th onwards, were given away in the Nxt blockchain Easter egg hunt.

Nxters pasted the number above into a Nxt Blockchain Explorer and it finally made sense. Others followed the clue from our last newsletter; made a search for ‘OpEasterEgg’ in the Nxt Marketplace, and found 5 new items for sale for 1 NXT. The name of the item was ‘Redeem Code’, the ‘tag’ it was listed under was ‘OpEasterEgg’. And the item, the Redeem Code, was, in fact, a riddle.

48 hours.

Passphrase:

Success of Nxt is supposed to be achieved by [ … ] 

https://spideroak.com/browse/share/easteregg/Nxt

 

To participants who did NOT manage to find the passphrase in time:

Read BCNext’s Nxt on Nxter.org
or see https://bitcointalk.org/index.php?topic=345619.msg4383169#msg4383169

The missing words, and thus the passphrase, were: work of a LOT of PEOPLE.

We’re glad to see more and more followers of our Twitter account, glad for the blockchain messages, glad to see participants reach out and give each other a helping hand by sharing additional clues, and glad to showcase some of Nxt’s many features in a fun way and give away free stuff at the same time.

To join the Nxt Blockchain Easter egg hunt, just follow the news and make sure to follow #OpEasterEggs.

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  • NxtWiki – New Page regarding NXT Transaction Fees

There is no such thing as a free lunch but yes, Nxt Blockchain transactions have a fee associated with them, a fee that is sent to forgers of the Nxt blocks. To clarify oft-asked questions, we are pleased to announce a new page on the NxtWiki that is dedicated to Nxt Transaction Fees. All pertinent questions are answered within.

Source

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  • If you do not forge, Nxt dies… – Megalodon Stops the Campaign

No, this isn’t Halo Forge, this is about the cessation of the Forging Bounty established by Megalodon a year ago.

The security and future of Nxt, it’s community, and your investment in it, is at stake here. Please do not just sit on your stake; productively use it for forging!

Lurker10 explains:

If you do not forge, Nxt dies…and your investment also dies.

When the total forging stake gets too low, security of the network is decreased, it becomes vulnerable to 51% attacks.

The total forging stake has dropped to 270 million of the total supply of NXT coins. This is an all time low. Please start forging to protect your investment.

Megalodon:

It is precisely for this reason that I initiated the Forging Bounty back in June 28, 2016.

After running it for over a year and distributing almost 2 million NXT, the result has been disappointing. Instead of seeing an increase, we get a decrease in total forging power. Obviously, this incentive does not work. Hence, I’m cancelling this bounty program.

However, the Lucky Node program run by Lurker10 will continue to be funded until further notice.

A great use of a Raspberry Pi is to host a dedicated Nxt forging node! If you have a Pi sitting around, whimpering about how it is not being used to generate you any money, then we have the solution for you!

Here are the instructions on how to setup the Pi to be a dedicated node.

Also, a great way to support the Nxter Newsletters and NXTER.ORG is to use our forging node.

Arthur explains:

By leasing your NXT balance to us @ alias nxthub1 (acct NXT-NYJW-6M4F-6LG2-76FR5), you support the Nxt network PLUS our work.  

It will cost you just 1 NXT.

Click on your balance in the Nxt Client

> Click Account Leasing

> Click Lease your balance to another account

> Enter account NXT-NYJW-6M4F-6LG2-76FR5 or alias ‘Nxthub1’. Choose max period (default).

Lease.

Nxter Magazine / NXTER.ORG’s forging node is nrs.nxter.org.

Please consider doing so. OR forge with your own account or node. Thanks.

The foundation of the Nxt Blockchain is forging. It is what makes our currency valuable and it is what makes our network strong.

Source

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  • ARDOR Startpage in Heatnodes.org

Another website displays ARDOR and details how to get started using the platform that you are growing to love on testnet.

Source

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NXT AE

  • Janus – Summary 

The news of the week would not be complete without an update on Janus. The token created on Nxt continues to update the news of the launch of their social fintech site, TradeMimic.com, and the transactional history of the Janus token on various asset exchanges.

From Bjorn, the marketing director:

bjorn_bb [7:38 PM]

we are discussing potential launch commercials for trademimic.com while development wraps up betterbets.io and etcbets changes and upgrades

Alphonso has a contact in commercial production we may use 

Ideally i’m looking to create something to attract both white collar and blue collar users, so sit tight everyone

I want to surpass all expectations for this business many things are working for us due to having elements from both forex and blockchain

More information: #janusproject (Join Nxtchat on Slack) | Twitter

History and news: https://www.nxter.org/ae-janus-4348103880042995903

https://janustoken.com

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  • Adel – Video Presentation

Adel, another token on the Nxt blockchain, has a created a new video presentation.

In their words:

One of the cornerstones of our community is to produce quality content. Co-founder, Gabriel Dusil, delivered a presentation to a group of Dutch bankers, which has been produced into two 20 minute videos.

 

In the last five minutes, Gabriel shares his previous experiences, selling technology to decision makers who innovate themselves out of a job. Gabriel summarized by saying: “Blockchain will be seen as a threat to a departmental empire, or an opportunity to expand one.”

This presentation is an excellent one to share with your network as it offers the technical basics of blockchain while also providing a long term view of the obstacles and opportunities facing the industry.

We will be posting this video to our social channels today, please be sure to share, retweet and upvote. Your social support does make a difference.

How to Acquire ADL

You can use https://coinmarketcap.com/calculator/ to calculate how much fiat, BTC, ETH, or other altcoins are needed to acquire your ADL.

You can currently purchase ADL on 3 different exchanges:

1 – NXT Asset Exchange (Asset ID: 17477397104276156702)

2 – https://Stocks.Exchange  (trade BTC or NXT)

3 – https://CryptoDAO.com (trade BTC, LTC, ETH or DASH)

Review their Vimeo channel for videos on how to use the exchanges http://www.vimeo.com/AdelEcosystem

Remember:  Bounty programs are also available to earn ADL. If you have a skill in writing, creating video blogs, doing promotions, performing digital marketing, or even if you know someone who can help their community grow, then reply to adel@adelphoi.io for more details on their bounty program, or check out their frequently asked questions: https://adelphoi.io/#faq

 

 

More information: www.adelphoi.io

Twitter LinkedIn Facebook Reddit

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DEVELOPMENT

 

  • [CORE] Bug bounty 3 – Track loading progress before lock screen is displayed

Riker has offered two rewards in the form of NXT to the person who manages to solve these challenges.

Currently when connecting to a remote node for the first time, it’s not uncommon to see a Blue screen displayed for 10-20 seconds while the client fetches the necessary resources.

The purpose of the task is to display a moving progress bar when loading the client until the lock screen is displayed.

There is no simple solution for this because of the way the client resources are loaded synchronously using the nrs.sitebuild.js script.

This synchronous loading is necessary in order to initialize the handle bars components and the localization resources.

The solution can utilize any wide spread web development technique, but not rely on any plugin, and has to work both in browser and in the mobile browser and not break the desktop wallet (which is less affected by this problem).

We would like to offer a 20K NXT bounty for this task.

Source

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  • [CORE] Bug bounty 4 – “Time to next block” counter

The purpose of this task is to implement an expected next block counter.
Currently we have the generators page which displays the expected next forger and expected forging time.

You will need to implement a next block count down label based on this data in the left pane next to the block height.

Clicking this widget will open the existing generators page.

The code has to be clean and the widget has to look elegant and integrate well with the existing UI layout.

We would like to offer a 5K NXT bounty for this task.

Source

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NXT IN THE MEDIA

  • World Economic Forum – Realizing the Potential of Blockchain

The World Economic Forum, the international organization for cooperation between private and public entities,  released a White Paper on the importance of distributed ledger technologies and the importance of blockchain technologies, like Nxt, for the next major evolution/revolution to the business world in the internet age.

The paper cites the importance of blockchain technologies as a new global resource and lists Ardor as one of the Top 10 digital assets of 2017.

 

Source

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  • Doctor Crypto – Ardor, NXT, and Burst information is found here

Crypto-analyst and YouTuber Doctor Crypto recently released a video extolling the virtues of Nxt and the Ardor Platform. Here is his review.

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PRICE EVOLUTION

  • Steemit – NXT price performance

Steemit writers have offered some nice commentary on the performance of NXT week after week.

In their words:

maximdraws : Hey fellow Steemers, I hope today has been a happy one for yourself. I woke up a little later than usual since I was writing some articles late last night and am finally done with university I gave myself the extra sleep. The crypto markets are playing nicely today, I’m especially enjoying XVG’s performance.
NXT open and close line graph.png
6h: NXT open and close line graph.png
NXT open close on 12hr.png
NXT open close on 12hr.png

Source

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  • TradingView – NXT, ready for next push

Looks like we turned as aspected, Hopefully now it will gain in strenght and push up to target.
Looks like we turned as expected, Hopefully now it will gain in strenght and push up to target.

Source

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  • TradingView –  LONG powerful Resistance area for ARDR

Source

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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:

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That wraps up the news for the week. Stay tuned for next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. We love our community, we would be nothing without you guys/gals!

Follow us on Twitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters! See you next week.

“The Forging Bounty Lottery campaign” will pay 5 million in rewards to forgers and Nxt nodes

egalodon has come forward with The Forging Bootstrapper initiative;
an account holding 5M NXT, which will be distributed randomly among Nxters forging to help run and secure the Nxt network. The Forging Bootstrapper wants to make it more profitable to forge and run nodes, and thereby build a stronger decentralised Nxt / Ardor network.

‘Forging’ is Nxt’s equivalent to PoW mining. Nxt mining uses a deterministic lottery that grants the right to mine (forge) the next block. With a minimum balance of 1000NXT you are eligible to win the lottery, and thereby earn all the fees inside the blocks you produce. The winning ticket is picked at random, but if you buy several tickets you multiply your chances of winning. Your probability of winning is the number of tickets you bought divided by the total number of tickets sold to everyone participating in the lottery. The probability of winning the forging contest is your NXT balance divided by the total balance of NXT forging throughout the network.

Megalodon writes:

Forging Bounty Lottery campaign managed by Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW is designed to reward active forgers. Transactions with exceptionally high fees will be sent randomly (but not frequently) from the start of Ardor snapshot until the account balance is zero. The lottery is skewed in favour of accounts with smaller forging power. Mining pools are also eligible for this campaign. To increase your chances in the lottery, please identify yourselves here. Thank you.

This campaign is managed such that it is expected to run for some time after Ardor chain is live. Ardor tokens distributed to this account will be rewarded to Ardor forgers while the remaining NXT will continue to be rewarded to Nxt 1.0 forgers even after Ardor is launched.

Some large accounts have opted out of this campaign. Please note that “Lottery Transactions” may accidentally be forged by opt-out accounts due to the non-100% certainty of forging order.

No matter the size of your stake you should forge, either by yourself or by leasing your account balance to a Nxt forging pool. Leasing your balance is of no risk to you. When leasing, you maintain full control of your NXT – the pool simply receives your “effectiveBalance” which is your current forging power. The pool cannot do anything with your NXT account or balance. When you sell/buy NXT during an active lease, what happens is your contribution to the pool is automatically adjusted in the NXT protocol.

You can forge if you’ve had more than 1000NXT in your account for more than 1440 blocks.

All you have to do to forge is start your NXT client, log in with your private key and it will begin forging. There will be a green forging indicator. You forge when you are online.

With the leasing feature it also takes 1440 blocks (24 hours) from you hitting the “lease”-button until your NXT-stake is actively forging in the account/pool that you lease it to. If you’re often offline, leasing your forging rights to a pool may be a good idea, as forging pools are often forging 24/7 365.

How do I lease my forging balance?

Start your Nxt Client, log in with your passphrase.

  • Click your account balance.
  • Click the “Account Leasing” tab.
  • Click “lease your balance to another account”.
  • Insert the account you wish to lease your balance to.
  • Set for how long you want to lease your balance under “period” (it’s expressed in blocks: 1440 blocks = 24h). Default is set to max; 65535, a lease of 65535 blocks is about 46 days.
  • Put in your secret phrase.
  • Click “Lease Balance” button (it costs you 1 NXT to lease your balance).

If you want to leave the pool before the expiration time you’ve set, you can transfer your NXT to another account under your control, forging rights are then transferred to this account. If you transfer the full balance, a balance of 0 NXT will stay with the pool until the leasing period ends.

Who can I lease to – what are my options?

You can lease your balance to a forging pool that:
– pays out all of your forged fees to you or
– donates your forged fees to projects that they select or
– keeps the NXT forged (you personally want to support with your forging fees).

You have to trust the pool to distribute your share to you, as the forging fee stays with the pool.

Pools

Nxtcrypto.org

http://198.211.103.222/howto.html

Nxt forging pool which has been running since May, 2014.

Forum thread: https://nxtforum.org/general-discussion/nxtcrypto-org-leased-forging-pool-only-fees-are-1nxt-to-withdraw/
Pool address: NXT-K5KL-23DJ-3XLK-22222
Pool status: http://198.211.103.222/status.php
Pool earnings: http://198.211.103.222/confirmedearnings.php
Lease fee: 1 NXT. Payout request: done via arbitrary messages, send a message (the content is not important) to request a payout, 1 NXT. Payout transfer: 1 NXT. Distribution: proportional to the forging power.

NXTER.ORG Pool

Nxter Magazine / NXTER.ORG‘s forging node is nrs.nxter.org.

Pool alias: Nxthub1
Pool address: NXT-NYJW-6M4F-6LG2-76FR5

By leasing your balance to alias nxthub1 (acct NXT-NYJW-6M4F-6LG2-76FR5) you support the Nxt network PLUS our work.  :)

Leasing fee is 1 NXT. The NXT’s forged by the pool are donated to the promotion of the Nxt and Ardor Platforms.

Click on your balance in the Nxt Client
> Click Account Leasing
> Click Lease your balance to another account
> Enter account ID or account alias (nxthub1). Choose max period (default).
Lease.

“Lucky Node” lottery

Lurker1 writes:

Now with this lottery you can ‘mine’ coins running a public node on your computer. I think it’s important to reward 0 weight nodes of newbies who set up their first node and want to earn some coins. You get bonus coins for:
* hallmarking your node and having weight>0;
* open API
* open API_SSL
* running an archival node

A random number of NXT coins will be sent every 2 hours to a random node.

To participate in the lottery you must put your NXT address in the nxt.myPlatform property, into the nxt/conf/nxt.properties file.

nxt.myPlatform=NXT-XXXX-XXXX-XXXX-XXXXX

For OpenAPI configuration you must have these set:
nxt.allowedBotHosts=*
nxt.apiServerHost=0.0.0.0

optionally increase the value of nxt.maxNumberOfInboundConnections to make your node more available to peers and increase your odds:
nxt.maxNumberOfInboundConnections=500

and finally restart your node for configuration changes to take effect.

Optionally hallmark your node to get extra bonus for weight>0 on top of lottery prize.

Restart your node for configuration changes to take effect.

Look up your node in https://nxtportal.org/peers and http://peerexplorer.com lists, it must be in both for best results.

NXT-8F28-EDVE-LPPX-HY4E7 is my address from where coins will be sent, don’t put it in myPlatform property. I’ve funded it with a small amount. When it runs out, I hope a whale can contribute little amounts from time to time to keep this lottery going.

Megalodon added:

As this lottery falls within the overall objectives of the Forging Bounty Lottery campaign, it will be supported via donations from Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW. (To receive rewards from both, you need to run a public node AND forge).

How to run a Nxt node

You can run a Nxt node from your home.

Instructions for setting up your node on a Raspberry Pi can be found in this tutorial: http://test.nxter.org/how-to-set-up-a-nxt-node-on-a-raspberry-pi-2/

If you want to set up a node on a VPS (free or paid) or a dedicated server but don’t know how to, emoneyRu will set it up and maintain it for you for free. You can contact him here: https://nxtforum.org/public-nodes-vpss/emoneyru-will-for-free-manage-you-vpss-for-you/ 

But if you want to DIY, here’s a tutorial:
https://nxtwiki.org/wiki/How-To:CreatePublicNode

Other useful links:
Set up Archival node
https://nxtwiki.org/wiki/How-To:CreateHallmark
https://nxtwiki.org/wiki/How-To:CreatePublicNode
https://nxtwiki.org/wiki/How-To:UseSslCerts

Hallmark and earn NSC (Nxt Security Coins)

There are additional rewards to get if you hallmark your node.

A hallmark is a stamp of approval for a Nxt node. By creating a digital signature based on your IP address and secret passphrase, you are verifying that your account ‘owns’ a node and is accountable for it. This helps protect the network from attack, and increases the network’s trust in your node.

As well as receiving extra rewards from the “Lucky Node” lottery by hallmarking your node you will also earn NSC (Nxt Security Coins), a reward coin based on the Nxt Monetary System and created to promote growth and security of the Nxt network. NSC coins can be sold for NXT in the MS Exchange booth.

abctc writes:

MS NSC distribution for hallmarked nodes
– Minimum NRS version : latest and second to latest main release + latest experimental release if presented
– Our node must have seen your hallmarked node, please make sure you have these node in your config “nxt.wellKnownPeers=nsc.nxt.org”
– You can check where your node is active or not: http://nsc.nxt.org:7876/nxt?requestType=getPeers&active=true
– Hallmark check is performed many times per day to ensure we capture as many hallmarks as possible. Captured Hallmarked nodes are saved into a database for use during the fortnight distribution. You can see them here: http://nsc.nxt.org/
– The distribution takes place fortnightly.
– How much MS NSC you earn* depends on the stake you have in the NXT community!
– less than 1000 NXT: 0.02 NSC per day per node (for the small stake holders/ node owners)
– 1000 – 9999 NXT: 0.5 NSC per day per node (normal)
– greater than 9999 NXT: 3.5 NSC per day per node (more trusted nodes)
* Please note, that NSC will be sent every 2 weeks with the bottom line of 20 NSC (to reduce fees). If you’ve earned lower than 20 NSC, they will be transferred to the next 2 weeks’ round.

EmoneyRu can manage your VPSs, for free: https://nxtforum.org/public-nodes-vpss/emoneyru-will-for-free-manage-you-vpss-for-you/

The value of an NSC coin is decided by the community (hint: please help by submitting buy offers on Nxt Monetary System Exchange Booth and/or not selling all of the NSC that you are distributed)! The issuers will never sell issued coins!

Megalodon writes:

This long-running campaign managed by abtc and EmoneyRu using the Monetary System coin NSC exclusively reward hallmarked nodes. Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW will also be supporting this campaign by putting up occasional buy offers that are significantly higher than existing offers.

To benefit from all 3 campaigns, you’ll need to run a public node AND hallmark it AND forge with your NXT balance.

Nxt-ardor-forging-rewards

Source: https://nxtforum.org/general-discussion/5-million-nxt-bounty-for-nxt-ardor-forgers/