Welcome NXTers, newcomers and long time community members.

We tip our people, burn trolls, and turn hackers into Nxt core developers. What’s Nxt?

Words

This week’s newsletter will be a little different from former ones, as things are changing in Nxt and the Nxt community. The time with Nxt has been a ride for everybody, a decentralized tour de force of creating, defending, discussing, rambling and trying to catch up with the unstoppable MegaThread, that held it all. We’ve all been screaming for someone to organize this, which was also the reason I started defragmenting the thread into newsletters, as a service to Nxters and interested outsiders who had no chance to catch up. The newsletters became like the thread itself, to get the whole picture you have to read them all. A sum up of the Nxt development, decentralized and globally, taking place 24-7, would cost at least 40 pages a week.

Nxt is reshaping. The Firehose is only dripping now, as most Nxters have turned to our new forum. 3 committees have been formed. Designers are working on a global corporate design to add consistency to our appearance. Our efforts up till now are beginning to pay off, as more and more people learn about Nxt and takes it serious. We are standing at a cross road.

We breath now. It feels different. To take a step back and look at this organism, the Nxt creature that we ride, use, and try to grow big. The final part of BCNext’s plan was released last week and to summarize: Math ain’t enough, people must be taken into account. We got this PoS with transparent mining. Practically anything can be build upon it. Build anything and add decentralized in front of it, BCNext once said. And we are now on our own. Oh btw, it has a current market cap of $28M, if that’s of interest to anybody. So we, the Nxters, humanity, the social experiment; Let’s put this technology to use, let’s build ourselves. What’s Nxt?

This week’s topics:

Podcast

Automated Transactions

Nxt Glossary

Nxt Wednesday Hangouts

Development Roadmap

Monetary System

DNS

ANNOUNCEMENTS

Misc

Client updates

Quote of the week

Words of wisdom of the week

Automated transactions

A milestone has been reached:

First stage is completed: C++ and Java code and the 3 first cases:

#1. Lottery. #2. Crowdfunding Agent. #3. Dormant Funds Transfer.

vbecas:

i ve uploaded a first “working” standalone version to start playing around.

In brief an Automated Transaction is a “Turing complete” set of byte code instructions which will be executed by a byte code interpreter built into the NRS. The addition of such transactions will allow for many types of applications.

New podcast

Learn more about Automated Transactions :

http://www.nxtcrypto.org/nxt-podcast/whats-nxt-automated-transactions-explained

Read about AT:

https://nxtforum.org/automated-transactions/information-of-the-at-project/

Follow the coding progress here:

http://ciyam.org/open/?cmd=view&data=20140220164742097000&ident=M100V137&chksum=065ecf7d

Nxt Glossary

Daedelus has been working hard: https://wiki.nxtcrypto.org/wiki/Glossary

SSL is available on the Nxt Wiki, thanks to joefox, forkedchain and the Infrastructure Committee.

Nxt Wednesday Hangouts

To keep Nxters informed and updated about the latest developments and progress of Nxt, Tai Zen, Damelon, uniqueorn and QBTC has taken this initiative. The meeting is live every Wednesday 11 AM NST / 4 PM GMT. Announcements are made here: https://nxtforum.org/news-and-announcements/

The second update was transmitted live and ended up being more than 2 hours long.

A summary can be found here: http://test.nxter.org/nxt-community-development-update-summary-2/

Development roadmap