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Crypto is the beginning of an alternative monetary system. The next stage in the evolution of money.
A system where (crypto) currencies are actually forced to compete for market share. What a concept!
Government-backed currencies have operated as monopolies for far too long. There's no innovation. Fiat money is simply a blunt tool for controlling people.
Crypto gives me hope that we can build a better system... and eventually end the central banking system.
I'm not alone in that hope. Millions of people are now betting on crypto to change the world.
I believe this is what's really fueling crypto's rise. The widespread desire for a system that is fundamentally different and better.
Sure, speculation and profit-seeking play a role. But people don't just invest in crypto... They join it, like it's a movement.
So the next time you hear somebody mention tulips, bubbles and crypto in the same sentence, consider giving them a different perspective.
I just feel that our society will evolve. Encryption is one of the evolutionary processes. There will be a variety of doubts and obstacles. This does not stop our confidence. I am also telling others, this magical world.A system where (crypto) currencies are actually forced to compete for market share. What a concept!
Government-backed currencies have operated as monopolies for far too long. There's no innovation. Fiat money is simply a blunt tool for controlling people.
Crypto gives me hope that we can build a better system... and eventually end the central banking system.
I'm not alone in that hope. Millions of people are now betting on crypto to change the world.
I believe this is what's really fueling crypto's rise. The widespread desire for a system that is fundamentally different and better.
Sure, speculation and profit-seeking play a role. But people don't just invest in crypto... They join it, like it's a movement.
So the next time you hear somebody mention tulips, bubbles and crypto in the same sentence, consider giving them a different perspective.
In your opinion when do you predict alt coins will be stable again?
I think it is time to be stable by April and May. Many countries have banned bitcoin during this time. This has a huge impact on it. But still be able to return to the origin.How do you think what altcoin / token is the most stable one (ofcourse not tether please 
)? I'm interested in finding something with decent trade volume where it will be possible to save money doring such strong corrections (like from 20k to 14). Please bring some arguments to your suggestions and add links to coinmarketcap
I think the most stable or Ethereum. Maybe you think I said nonsense. But in the market, it is indeed the most stable. )? I'm interested in finding something with decent trade volume where it will be possible to save money doring such strong corrections (like from 20k to 14). Please bring some arguments to your suggestions and add links to coinmarketcap Re: If the BTC crash, will it take every other coin with it?
Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.
I do not think so. Bitcoin if it crashes There will be other coins to become king. Our life now requires encryption.I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.
it would be interesting, but what about ROI?
When using mobile phone mining, at least a well-equipped mobile phone. But performance also limits it, a mobile device, the most important function is to communicate.I like the main idea of the author : it's never too late. There are a lot of topics here about "I'm so disappointed in myself" or "why the hell I sold this coin". I think people need some encouragement after they lose:)
If things are another development, there may be a lot of people regretting why they should not sell the coins.As innovations are being felt, I do believe that the idea of having cryptocurrencies as our money is futuristic. I do believe that there is a big possibility that we will be using them for everyday transactions just like how we do with out banknotes right now
It will be a new social model, after all, banknotes will have costs, there will be counterfeit money, will be damaged, will be stolen. When cryptocurrency becomes mainstream, there will be tremendous changes.Hold $NXT in your account and get free $IGNIS when the snapshot begin in Q3 2017. Buy low now!
MORE info http://nxt.org/roadmap/ #Nxt #Ardor #IGNIS
https://pbs.twimg.com/media/C5-hh5RWAAAda7X.jpg
The initial research phase of Nxt 2.0 has passed. Pooling their experience of working on Nxt 1.0 for over two years, Core devs Jean-Luc, Riker, ScripterRon and Petko have already started the first phase of coding for Nxt 2.0.
Coding Nxt 2.0 will take time. The Core Team does not want to launch an overhyped and half-finished system, but wants to make sure the new platform holds up to the high standards you have come to expect from Nxt 1.0. We consider this to be the de-facto reference standard of stability and performance that a blockchain platform should adhere to.
Initial coding has started a few weeks ago and is expected to take at least the rest of 2016.
Testnet
At the time of writing, the Core Team aims to launch the first version of the Nxt 2.0 Testnet very early in 2017. During the Testnet phase of the software, there will be many rewrites and tweaks based on user feedback and continuous use of the platform. The Testnet phase will last for at least six months to make absolutely sure the first live version will be safe and trustworthy at launch.
Mainnet
At the time of writing, it is estimated that the first live version of Nxt 2.0 will launch in Q3 of 2017.
More details on the implementation cycle can be found in in this post (Word version, PDF version)
Nxt Features
Nxt 2.0 will retain ALL Features of the Nxt 1.0 platform.
Below you will find an outline on how each current feature will be ported to the new IGNIS Child Chain at launch.
Account Numbers
Account numbers are preserved. Since the mapping from secret phrase, to public key, to account id will not change, your 1.0 pass phrase will correspond to the account with the exact same number on 2.0. Existing 1.0 users will be able to login to Nxt 2.0 with their existing passphrase.
The Account table will be global, and each account can have balances in any of the Child Chain tokens, as well as in IGNIS.
Assets
Existing Nxt 1.0 Assets or Asset Transaction History will NOT be ported directly to the IGNIS Child Chain.
Since the Nxt 1.0 blockchain will continue to exist, the Core Team believes it is better to leave the choice of when and how to move to Nxt 2.0 in the hands of the Asset Issuers themselves.
This is probably best done by burning existing Assets, requiring them to be sent to the issuer account in order to issue new Nxt 2.0 Assets in exchange. Or it could be done by each asset issuer declaring a height at which they will take a snapshot of 1.0 asset balances, and then re-distributing those on 2.0.
Assets will be universal on Nxt 2.0, which means that for any Asset, regardless on which Child Chain it was originally issued, any Child Chain that will allow its trade will be able to trade it.
MS Currencies
MS Currencies themselves are also universal, and will be possible to trade on any Child Chain. MS Currency names and codes existing in Nxt 1.0 WILL be ported to the IGNIS Child Chain, including the currency balances for all accounts. Their transaction history will not be.
The Core Team will provide support to any MS currencies that want to transition to a Child Chain, i.e. start a Child Chain with a token distribution based on this MS currency.
MS Currency names and codes will be unique within Child Chains only. This will eliminate the possibility of name squatting across chains. The proposed format for MS Currency names will be CURRENCYNAMECODE.CHILDCHAINCODE, for instance ELEMS.IGNIS.
Arbitrary Messages
No Messages will be ported from 1.0 to 2.0
Tagged Data
No Tagged Data will be ported from 1.0 to 2.0
Digital Goods
No products or sales will be ported from 1.0 to 2.0
Aliases
Existing 1.0 Nxt Aliases will be ported to the IGNIS Child Chain. Just like with MS Currency names and codes, alias names will be unique within their Child Chain only. Globally, aliases will be appended with a Child Chain suffix, to signify which chain they belong to. By default, alias name not appended with a Child Chain suffix will be assumed to belong to the IGNIS Child Chain.
Voting
Voting will be available on each Child Chain.
Open or finished Polls will NOT be ported to the 2.0 chain. Running polls will need to finish on the Nxt 1.0 chain.
Phasing
Phasing will be available on each side chain.
Current Account Control Setting will NOT be ported to the new IGNIS Child Chain.
Leasing
Account Leasing will be retained, but on the Ardor Main Chain only, as only IGNIS balances are used to provide blockchain security (forge). Existing 1.0 Leases will not be transferred but will have to be recreated.
Plugins
Nxt 2.0 will support Plugins, but existing Plugins will need fixes to work with the new Nxt 2.0 platform.
Nxt Old
What will happen to 1.0?
The Nxt Core Devs are committed to providing support, bug fixes and any possible emergency updates for the Nxt 1.0 chain.
It will not be necessary to burn your 1.0 coins to receive 2.0 tokens, and you are free to trade your Ardor Tokens which you will receive after the snapshot period has ended.
The Core Team wants to make migrations to Nxt 2.0 as easy as possible, so is allowing a wide window for making this move.
In short, nothing will change for Nxt 1.0, except that active work on new features will come to a halt. The platform will be actively maintained, so users will still benefit from a secure and well-kept platform.
The Core Team will also provide help and support for users that wish to move their enterprises from Nxt 1.0 to 2.0.
Nxt Token Distribution
Nxt 2.0s prime innovation is to split the blockchain into a main chain that is used for consensus creation only, and multiple child chains that keep separate ledgers of transactions, each child chain using its own coin/token..
This means that there will initially be two distributions of tokens: one for the Ardor main chain token, and one for the token for the first child chain, IGNIS, to be launched.
The Core Developers recognise the tremendous contributions of the investors and holders of the original Nxt 1.0, without whom Nxt 2.0 would not be possible, and have decided to grant them exclusive rights to these new tokens.
It is important to note that Nxt 2.0 does not mean Nxt 1.0 will cease to exist! The Core Team is committed to continue providing support to Nxt 1.0 for at least one year after the Nxt 2.0 launch, and possibly further.
There will be no burning of Nxt 1.0 needed in order to receive either Ardor or IGNIS Tokens.
Distribution:
Ardor (Main Chain Tokens)
All NXT holders are eligible to receive Ardor Tokens at launch of the Mainnet.
Shortly after the release of Nxt 1.9, (intended to be the last major release on the Nxt 1.0 branch) the Nxt Software will start taking periodic snapshots of all users NXT balances, at regular intervals (most likely once an hour), for a period of three months.
The NXT balances in each account will be averaged over this full three month period, and at the end all accounts will be automatically credited with a token representing their Ardor holdings, issued as an Asset on the Nxt asset exchange.
This Ardor Asset will be freely tradeable.
The distribution of the real Ardor coins (to be done at the launch of the Nxt 2.0 Mainnet in Q3 2017) will be based on the ownership of Ardor Assets on the 1.9 blockchain, taken at the point of time when the 2.0 Genesis block is created, shortly before that launch.
IGNIS (Transaction Tokens for the IGNIS Child Chain)
The distribution of the IGNIS Tokens will be based on each accounts NXT holdings at the time of the Nxt 2.0 Genesis block creation.
At the time of writing, the Core Devs have decided to credit 50% of these holdings to each new IGNIS Account, while reserving 50% of IGNIS for funding of the development team, business development and other operations that will need funding to make the Nxt 2.0 project a success.
The Core Devs acknowledge that not including this step in the distribution of 2013 was a mistake in the first place, which has left the project chronically underfunded. As a donation based model is not sustainable, they decided to opt for the allocation of 50% for project development and sustainability.
7 thoughts on Announcing Nxt 2.0!
Peter says:
May 23, 2016 at 7:20 pm
Exciting times!!
I'd rather just keep the NXT. Although NXT did get hacked before, it would be a weird point for that coin to work with that coin.MORE info http://nxt.org/roadmap/ #Nxt #Ardor #IGNIS
https://pbs.twimg.com/media/C5-hh5RWAAAda7X.jpg
The initial research phase of Nxt 2.0 has passed. Pooling their experience of working on Nxt 1.0 for over two years, Core devs Jean-Luc, Riker, ScripterRon and Petko have already started the first phase of coding for Nxt 2.0.
Coding Nxt 2.0 will take time. The Core Team does not want to launch an overhyped and half-finished system, but wants to make sure the new platform holds up to the high standards you have come to expect from Nxt 1.0. We consider this to be the de-facto reference standard of stability and performance that a blockchain platform should adhere to.
Initial coding has started a few weeks ago and is expected to take at least the rest of 2016.
Testnet
At the time of writing, the Core Team aims to launch the first version of the Nxt 2.0 Testnet very early in 2017. During the Testnet phase of the software, there will be many rewrites and tweaks based on user feedback and continuous use of the platform. The Testnet phase will last for at least six months to make absolutely sure the first live version will be safe and trustworthy at launch.
Mainnet
At the time of writing, it is estimated that the first live version of Nxt 2.0 will launch in Q3 of 2017.
More details on the implementation cycle can be found in in this post (Word version, PDF version)
Nxt Features
Nxt 2.0 will retain ALL Features of the Nxt 1.0 platform.
Below you will find an outline on how each current feature will be ported to the new IGNIS Child Chain at launch.
Account Numbers
Account numbers are preserved. Since the mapping from secret phrase, to public key, to account id will not change, your 1.0 pass phrase will correspond to the account with the exact same number on 2.0. Existing 1.0 users will be able to login to Nxt 2.0 with their existing passphrase.
The Account table will be global, and each account can have balances in any of the Child Chain tokens, as well as in IGNIS.
Assets
Existing Nxt 1.0 Assets or Asset Transaction History will NOT be ported directly to the IGNIS Child Chain.
Since the Nxt 1.0 blockchain will continue to exist, the Core Team believes it is better to leave the choice of when and how to move to Nxt 2.0 in the hands of the Asset Issuers themselves.
This is probably best done by burning existing Assets, requiring them to be sent to the issuer account in order to issue new Nxt 2.0 Assets in exchange. Or it could be done by each asset issuer declaring a height at which they will take a snapshot of 1.0 asset balances, and then re-distributing those on 2.0.
Assets will be universal on Nxt 2.0, which means that for any Asset, regardless on which Child Chain it was originally issued, any Child Chain that will allow its trade will be able to trade it.
MS Currencies
MS Currencies themselves are also universal, and will be possible to trade on any Child Chain. MS Currency names and codes existing in Nxt 1.0 WILL be ported to the IGNIS Child Chain, including the currency balances for all accounts. Their transaction history will not be.
The Core Team will provide support to any MS currencies that want to transition to a Child Chain, i.e. start a Child Chain with a token distribution based on this MS currency.
MS Currency names and codes will be unique within Child Chains only. This will eliminate the possibility of name squatting across chains. The proposed format for MS Currency names will be CURRENCYNAMECODE.CHILDCHAINCODE, for instance ELEMS.IGNIS.
Arbitrary Messages
No Messages will be ported from 1.0 to 2.0
Tagged Data
No Tagged Data will be ported from 1.0 to 2.0
Digital Goods
No products or sales will be ported from 1.0 to 2.0
Aliases
Existing 1.0 Nxt Aliases will be ported to the IGNIS Child Chain. Just like with MS Currency names and codes, alias names will be unique within their Child Chain only. Globally, aliases will be appended with a Child Chain suffix, to signify which chain they belong to. By default, alias name not appended with a Child Chain suffix will be assumed to belong to the IGNIS Child Chain.
Voting
Voting will be available on each Child Chain.
Open or finished Polls will NOT be ported to the 2.0 chain. Running polls will need to finish on the Nxt 1.0 chain.
Phasing
Phasing will be available on each side chain.
Current Account Control Setting will NOT be ported to the new IGNIS Child Chain.
Leasing
Account Leasing will be retained, but on the Ardor Main Chain only, as only IGNIS balances are used to provide blockchain security (forge). Existing 1.0 Leases will not be transferred but will have to be recreated.
Plugins
Nxt 2.0 will support Plugins, but existing Plugins will need fixes to work with the new Nxt 2.0 platform.
Nxt Old
What will happen to 1.0?
The Nxt Core Devs are committed to providing support, bug fixes and any possible emergency updates for the Nxt 1.0 chain.
It will not be necessary to burn your 1.0 coins to receive 2.0 tokens, and you are free to trade your Ardor Tokens which you will receive after the snapshot period has ended.
The Core Team wants to make migrations to Nxt 2.0 as easy as possible, so is allowing a wide window for making this move.
In short, nothing will change for Nxt 1.0, except that active work on new features will come to a halt. The platform will be actively maintained, so users will still benefit from a secure and well-kept platform.
The Core Team will also provide help and support for users that wish to move their enterprises from Nxt 1.0 to 2.0.
Nxt Token Distribution
Nxt 2.0s prime innovation is to split the blockchain into a main chain that is used for consensus creation only, and multiple child chains that keep separate ledgers of transactions, each child chain using its own coin/token..
This means that there will initially be two distributions of tokens: one for the Ardor main chain token, and one for the token for the first child chain, IGNIS, to be launched.
The Core Developers recognise the tremendous contributions of the investors and holders of the original Nxt 1.0, without whom Nxt 2.0 would not be possible, and have decided to grant them exclusive rights to these new tokens.
It is important to note that Nxt 2.0 does not mean Nxt 1.0 will cease to exist! The Core Team is committed to continue providing support to Nxt 1.0 for at least one year after the Nxt 2.0 launch, and possibly further.
There will be no burning of Nxt 1.0 needed in order to receive either Ardor or IGNIS Tokens.
Distribution:
Ardor (Main Chain Tokens)
All NXT holders are eligible to receive Ardor Tokens at launch of the Mainnet.
Shortly after the release of Nxt 1.9, (intended to be the last major release on the Nxt 1.0 branch) the Nxt Software will start taking periodic snapshots of all users NXT balances, at regular intervals (most likely once an hour), for a period of three months.
The NXT balances in each account will be averaged over this full three month period, and at the end all accounts will be automatically credited with a token representing their Ardor holdings, issued as an Asset on the Nxt asset exchange.
This Ardor Asset will be freely tradeable.
The distribution of the real Ardor coins (to be done at the launch of the Nxt 2.0 Mainnet in Q3 2017) will be based on the ownership of Ardor Assets on the 1.9 blockchain, taken at the point of time when the 2.0 Genesis block is created, shortly before that launch.
IGNIS (Transaction Tokens for the IGNIS Child Chain)
The distribution of the IGNIS Tokens will be based on each accounts NXT holdings at the time of the Nxt 2.0 Genesis block creation.
At the time of writing, the Core Devs have decided to credit 50% of these holdings to each new IGNIS Account, while reserving 50% of IGNIS for funding of the development team, business development and other operations that will need funding to make the Nxt 2.0 project a success.
The Core Devs acknowledge that not including this step in the distribution of 2013 was a mistake in the first place, which has left the project chronically underfunded. As a donation based model is not sustainable, they decided to opt for the allocation of 50% for project development and sustainability.
7 thoughts on Announcing Nxt 2.0!
Peter says:
May 23, 2016 at 7:20 pm
Exciting times!!
I'm new to crypto and want to participate in ICOs. I have funds that I can afford to lose. What are the 3 ICOs that you consider the best? I tried to search but there are so many that a month wouldn't be enough to read through all of them 
Any opinion is welcome
akasha may be a very good ICO choice, but their team has so far not released an ICO plan.Any opinion is welcome
I don't use any ratings of ICOs, cuz they can be paid. I check through a whitepaper of the project, check out on the web team members and their background, also look at the perspectives of the project. If everything is fine i think that the project is worth investing in it.
Under normal circumstances, I will not trust anyone's recommendation. If I join an ICO, I will consider going over everyone on her team's list.The key reason is that these countries do not want Bitcoin to want to affect the stability of their currencies. But are there any other good ways to solve this problem, so they have to ban all bitcoin. But I think it's totally useless to ban Bitcoin transactions, and the underground OTC is still very hot.