Post
Topic
Board Announcements (Altcoins)
Re: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come
by
tokyopotato
on 05/10/2016, 03:13:44 UTC
Quick update everyone:


Nexus network was attacked recently which is why the wallets are down on Bittrex and Cryptopia.  If you are in our Slack group, you would know that Nexus team was successful in fending off this attack to the chain and prevented double spending.  We are working to bring exchange wallets back online.  These early attacks on the network are good for Nexus, as it strengthens the network and helps us close any attack vectors.  Nexus has been under heavy attack since the beginning, but it has escalated intensely over last few months.

Please check here to make sure you are on the correct block height: http://nexusoft.io/platform/

Using the Nexus-QT, go to Help --> Debug Console to see which block your wallet is on.

If your wallet forked off the main chain during the attack, you can fix this fairly easily.  


On Windows, make sure you can see Hidden Items (or Hidden Files/Folders) in your Windows Explorer

Then go to C: --> Users --> (PC Username) --> AppData --> Roaming --> Nexus

1.  Backup wallet.dat by copying it to another folder
2.  Backup any Nexus.conf files you have IF you are mining (you probably won't have any config files if you are not mining)
3.  Then Delete everything EXCEPT your wallet.dat and any config files
4.  Download the blockchain bootstrap here if you don't want to redownload the whole chain from peers: http://nexusminingpool.com/downloads/blockchain.rar
5.  Unpack the database files into the Nexus folder
6.  Now run the Nexus-QT.exe client again
7.  Wait for wallet to load (can take ~20 mins to load database)
8.  After that, go to Help --> Debug Window --> Console, and type: repairwallet
9.  You should see your correct balance once the next block propagates

If you need more assistance, our community can provide nearly 24 hour help in Slack: http://nexusearth.com:3000/


Onward, and forward.  There is a HUGE update coming soon from Colin with the new Lower Level Database (LLD) and some updates to Trust Key expiration as well.  Stay tuned for that update in next couple weeks.  We plan to have binaries for Windows, Mac, Linux on that next update as well.
 
Why would NXS be frequently targeted when there are 50+ cryptocurrencies that are much more liquid?  What's in it for an attacker who can hardly convert $1,000 NXS per day into BTC?  Greatest respect to the NXS team, but frequent NXS unavailability is trying.  

This is actually easy to explain. Nexus is targeted because it is not a clone of other coins.  How many of those 50+ cryptocurrencies with higher market cap are developing innovation?  Very few.  They are just utilizing already tested code that is known to be relatively secure but highly limited in distributed functionality and lacks proper decentralized architecture.  Yes, there are some attack vectors that have been exploited in the pool miner and open-source codebase to DDOS the network and wreak havoc in one way or another, but the community and codebase has continued to be resilient and in fact becomes stronger with each additional attack.

The attack vectors will be closed and Nexus will be launched into space.  I don't give investment advice -- but would not advise giving up when we are nearing something very big.  Wink