Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
AforAmethyst
on 27/07/2016, 21:00:37 UTC
I'm trying to get my head around the new developments with NXT.

  • Which wallet is it best to store NXT to get Ardor: the version 1.9.2 wallet, an online wallet, the lite wallet, the browser wallet, or a wallet on an exchange?
  • Will all these wallets work to receive the maximum rewards?
  • Do the wallets work like POS where you have to synch to get the 'snapshot' rewards?
  • How will you receive Ardor?
  • Will it be sent to your NXT wallet, or will you have to claim it from an exchange?
  • Will you have to create a separate wallet for Ardor?

Thanks.

Choices from most safe to least safe:

version 1.9.2 Core wallet -> web wallet like https://wallet.mynxt.info -> wallet on an exchange
Thanks MrCluster87 and freshman777. I became very interested in NXT after reading this CoinTelgraph article which was published a few hours ago:

https://cointelegraph.com/news/nxtardor-platform-to-make-blockchain-cheaper-and-safer

At this moment I'm synching the NRS Version 1.9.2 wallet after installing Java on my 64-bit Windows 7 computer, which you have to do to run the NXT wallet. It looked technical at first, but I found it very easy in the end. Links to the Java and the 1.9.2 wallet are on the NXT website as MrCluster87 has pointed out:  https://nxt.org/download/

I'm assuming that it is the same NRS Version 1.9.2 wallet downloadable from other sites that freshman777 gave the link to:  https://nxtforum.org/nrs-releases/nrs-v1-9-2/

NXT works a little bit differently to the QT wallets I'm used to. NXT has a server which works in the background in addition to the wallet. The server doesn't seem to take up too many resources and is automatically installed. It synchs the wallet in the background. The wallet updates whether it is open, or closed.

Your address for receiving NXT is your account number and is comprised of 5 blocks of characters separated by hyphens looking like this: NXT-****-****-****-*****.  When you Withdraw NXT from an exchange there is an extra window for a 'message' and I think you have to put your public key there. The account number and public key are given to you upfront when you open an account (when first opening a wallet).