Search Posts

Quote from: 2Kool4Skewl on November 25, 2013, 06:04:44 AM

Nxt :: descendant of Bitcoin

Nxt uses brand new software. Its not a fork of Bitcoin's source code.

Nxt is the first 100% Proof-of-Stake (PoS) currency. Coins are earned solely by charging transaction fees. Unlike other currencies with PoS mining, Nxt's PoS mining does not cause monetary inflation. The total amount of Nxt in circulation is 1 billion. Nxt is resistant to +90% attacks via it's transparent mining algorithm.

Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks but makes it more convenient for the users.

Nxt doesnt use so-called scripts aka predicates. This simplifies and accelerates transaction processing. Advanced features like multisig will be created on top of the core as 3rd party services.

Nxt will have the following features:
- Decentralized Asset Exchange / Colored Coins (Starting after block 30000)
This allows gateways to issue other currencies (fiat or crypto) on the Nxt network.
- Decentralized Marketplace / Auction
- Decentralized Mixing Service
- Encrypted Messaging / Chat
- Decentralized DNS / Alias System (Starting at block 22000)
- Transparent Mining (Partially starting at block 25000)
- DDoS Protection - Project Kharon
- Voting

Nxt IRC Channels
FreeNode #nxtalk
FreeNode #nxt-otc (Trading)

Nxt Forums
Nextcoin.org
NxTalk.org

Nxt Buying / Selling
DGEX.com - Nxt / Btc Exchange (thread)
Later, there will be a Nxt / Btc exchange integrated into the Nxt client.

Nxt Website - Currently Under Development

Nxt BlockChain Explorer

Nxt Wiki

Nxt News Thread

Nxt Bounty Thread
Earn Nxt by performing tasks for the community.

Nxt Giveaway Thread

Nxt API Thread

Download
Nxt 0.4.0 - https://dl.dropboxusercontent.com/u/67242472/nxt.zip - SHA256 hash 794ec29a44f7dc2e5c00e682c06916b12e394ba43c0741c2ae748faa5baed606

Full source code will be released Jan 3rd, 2014.
Partial source code is available here.

Install Instructions

How to Install Nxt Client w/ Pictures

Ubuntu/Debian
1 - Download and Install Java 'sudo aptitude install openjdk-7-jre'
2 - Unzip 'nxt.zip' 'unzip nxt.zip'
3 - Go to your Nxt Directory 'cd nxt'
4 - Start Nxt 'java -Xms512m -Xmx1024m -jar start.jar'

Windows
1 - Download and Install Java http://download.oracle.com/otn-pub/java/jdk/7/jre-7-windows-x64.exe (64-bit) or http://download.oracle.com/otn-pub/java/jdk/7/jre-7-windows-i586.exe (32-bit)
2 - Unzip 'nxt.zip'
3 - Go to your Nxt Directory 'cd C:/PATH_TO_NXT_FOLDER'
4 - Start Nxt 'java -Xms512m -Xmx1024m -jar start.jar'

Mac
1 - Download and Install Java http://download.oracle.com/otn-pub/java/jdk/7u45-b18/jre-7u45-macosx-x64.tar.gz
2 - Unzip 'nxt.zip'
3 - Go to your Nxt Directory 'cd nxt'
4 - Start Nxt 'java -Xms512m -Xmx1024m -jar start.jar'

Open Nxt Client
- Open your browser and go to http://localhost:7874 or https://localhost:7875
- Click the "Lock" icon in the upper left corner to unlock your account.
- Enter your passphrase or if you don't have an account, enter your new passphrase. Make sure you use a very random, complex password of at least 30 characters. You can use 0-1, a-z, A-Z, special and national characters.

Security Tips

- Do NOT run Nxt on a VPS. Only run Nxt locally. Even if you connect to your VPS securely via SSH, you are still not safe because all VPSs have backdoors.
- 7874 (tcp) is used for P2P communication, the http web client and API commands. This is the only port that needs to be open to run Nxt.
- 7875 (tcp) is used for the https web client.

Translations

Russian Thread by abctc

Hi,

I want to report that I got an error when installing the JRE under OSX and lauching nxtcoin.
To work around this, I simply install the JDK that you can recover here:

http://download.oracle.com/otn-pub/java/jdk/7u45-b18/jdk-7u45-macosx-x64.dmg

Thanks.

For donation : 12317595792740758311

Ps: Sorry for my english