Exchanges find Nxt difficult to implement, because it works differently from Bitcoin and clones of Bitcoin. Here is information for exchanges that want to add Nxt. Feel free to point them to it if they ask you.
The Songs of Love charity drive now has reached 40173 NXT! Remember, this amount will be doubled by an anonymous donator! We aim to reach 170,000 Nxt at the end of the month, so keep donation at account: 4636321498642303120.
Justabit of Cointropolis just appeared on TV for Songs of Love in which he also tells about Nxt.
Bitventurer is looking for people to develop nxt.org.
An initiative for a game using Nxt or an Asset coin has been met with great approval. So far 20500 NXT in donations has been raised. More information can be found on the new site Nxtopia and this thread.
Every time I start making these posts I think: “Hm, not much happened today. I may have to skip one if I don’t want to look ridiculous.” Then when I have finished one I am once again amazed at how much we accomplish every day. On this Valentines Day I want to make a huge bow and express my admiration for all the people out there that continue to work, think, joke and produce for the Nxt ecosystem! Be proud of what you have accomplished in such a short span of time, people!
jl777 has proposed a concept for a Federation of Gateways to provide a p2p exchange for (crypto)currencies. To follow this discussion, simply follow jl777’s posts. The discussion has ended for today at this post.
A proposal for Nxt fee structure, with an underpinning in math.
Some people were having a discussion about a (Latin) motto for Nxt.
And so are the daily summaries. As I’ve already said, I am going to skip a week, as summarising a whole week is just too much work. 200 pages worth of (if my cursory skimming is correct) math and more math is just not viable to summarise, but I hope not too much is lost. Send me an email via the contact form if you feel something needs to be put in!
New client 0.7.3
First another reminder that a new client version has been released. Everyone needs to upgrade, as this is a critical update and the 0.6.x series is no longer supported. See my last post to get the details.
Asset Exchange testing started!
Yesterday an important new step in the development of Nxt has been taken with the start of testing the Nxt Asset Exchange. The Asset Exchange is a powerful feature of Nxt, that allows users to issue their own tokens, which are backed by Nxt. This is the start of the implementation of the “coloured coin” system. Developers can find the Asset Exchange API calls here.
Testing is still proceeding and will be done until the community is fully satisfied with the results. There is no definite date when it will end. As this is a critical feature of the Nxt ecosystem, the developers want to be sure everything works flawlessly when they release it. If you want to follow the testing you can do so from page 1659 and onwards of the Bitcointalk thread.
Here you can find a post by CfB explaining how the Asset Exchange works.
And in related news, here is an article by the CEO of Saxo Bank talking about the need for cryptocurrencies to be associated to things in the real world to survive. This link is exactly what the coloured coin system provides.
Asset Exchange clients
At the moment, there are two clients that can be used by the Testnet for the Asset Exchange, ClieNXT (v.0.0.5e) and Nxt Freerider. These clients can nót be used for your “live” accounts! Also be sure nót to use your day to day account on the Testnet, but please make a new one.
Asset Exchange discussion
You can find a special thread to discuss the implications of the Asset Exchange here.
Mistafreeze released a new installer for NRS 0.7.3
The source code for NxtDB has been published here.1
The first edition of the Nxt Newsletter has been published. If you want to help out, please contact apenzl.
Some members of our Marketing Team are attending the Berlin Bitcoin Conference today and tomorrow. They will make contacts within the crypto world to spread the word about Nxt and hopefully push us farther into the market.2
gvans is going to create some real life Nxt monoliths cut from acrylic glass. There will be 10 limited “Genesis” versions (signed) and 10 limited “DarkNxt” versions.
It is possible to set up a free VPS node! You can find the tutorial for this here.
Whew! I’m still a day behind, because most of the 3rd of February was taken up with discussions in the BCT thread. I had to relive them all again!
Anyway, I will try to catch up. Apart from the discussions, it was a remarkably quiet day.
the DGEX reserve account sent 30.000.000 NXT to the acc# 16386134630970163904. I am not 100% sure it is a coldstorage account, but it sue looks that way. That movement kicked out another 3mio account, that explains the changes in % distribution.
At last we are getting somewhere with allocating the 10 million unclaimed Nxt. A lot of time and thought has gone into it, and at times tempers flared and harsh words were exchanged. However, we are now moving to a format where there will be three funds of Nxt: 3 million for marketing efforts, 6 million for technological development and 1 million for building the Nxt infrastructure. These funds will be available on an “open bounty” basis, which means that persons or groups can put forward plans with budgetting, and a committee (as yet to be decided on who will be in the committees) will review these plans and decide whether or not to allocate funds to them. The funds will be under the care of three of the original founders of Nxt, which will probably be klee, bybitcoin and neer.g, with Pouncer as a backup. These founders will distribute the funds at the behest of the committees and will not be having any part in decisions about the funds.1
Another big discussion was about a proposal for a Carbon Offset program for Nxt. This theme always creates a lot of waves, and in the interest of not stepping into it myself, I invite you to read what happened and make up your own mind.
NXTio.org – NXT Blacksmith Workshop, NXTCoin first automated forging platform has been launched.
Nxt is now on diaspora, the (semi-)decentralized social network! Read how to find Nxt there in this post.
A complete setup script that installs (asking the user) all the necessary applications (java and such) as well as downloads, verifies and installs latest version of nxt client.