First Tests on the NIX testnet - Staking and Ghost Vault (POS 3.0)

in nixplatform •  6 months ago
Some of you might know that I recently wrote about NIX Platform switching from PoW to PoS and guess what, the test net is already up and running, waiting to be, well, tested. This brings NIX closer to achieving yet another goal: private cross chain interoperability.

NIX_logo_light10x.png


Announcement

Lead developer jackieboy announced in Discord that everyone who wishes to test the upcoming features now has the chance to do so:
Selection_068.png

As I am personally very excited, I decided to do just that. This article is to guide you through accessing the testnet and to showcase the new features as experienced by yours truly.


Building the new wallet with POS 3.0

Let's go ahead and build the new wallet. Please be careful that you don't replace your main net wallet (please create a backup of your wallet.dat and ghostnode.conf just in case). You can either pull the source files from here or just download this .zip archive (recommended for beginners). Extract the NixCore-pos30 folder if you opted for the latter option and skip the first three steps. Alright, let's get to it! Open a terminal (navigate to the NixCore-pos30 folder if you chose the archive) and type:

git clone https://github.com/NixPlatform/NixCore.git
cd NixCore
git checkout pos30

./autogen.sh
./configure
make CFLAGS=-fPIC

So far so good! We now start the wallet with the -testnet parameter. To do that, we use the following command (assuming we are in the NixCore folder):

./src/qt/nix-qt -testnet

We are now welcomed by this wallet (the new UI is not yet implemented here):
NIX Core - Wallet [testnet]_069.png
Note: The NIX shown here are "test NIX". You can get yours by requesting them in the Discord #testnet channel.

We can now try the two new big features: staking and the ghost vault.


Staking

Staking allows users to earn passive income by, well, staking their coins. To stake your coins, simply open your wallet and encrypt it. The encryption process is finished by a restart of nix-qt. You will now see the option Unlock For Staking in the Settings menu in the top left corner. You will be prompted with the following pop-up. After you entered your wallet password, the green icon in the bottom right corner indicates that you are indeed staking.







You are now successfully staking! You can verify that by opening your console and typing getstakinginfo.



After staking for a longer period of time, you will receive your rewards. They look just like Ghost Node rewards in your wallet and are proportional to your stake:

stake.png
Image courtesy of jackieboy, testnet wallet.


Ghost Vault

Selection_070.png We hit this tab and are promptly taken over to the GV interface.

Choose the sub-tab Ghost NIX and enter the amount you want to ghost. For this test, I have ghosted 42NIX. This is how ghosting looks on the blockchain explorer. After the tx has been confirmed, the wallet shows as follows:
Selection_071.png

The ghosted NIX can now be converted back to regular NIX. You can either decide to send them back to your own wallet, or to any other address. I created a new address for this and un-ghosted the 42NIX:

Selection_072.png

The explorer shows that address 2XAx7P79fJX8EfyopuduJP9n49RvacAdp7 has indeed received the 42NIX. No link between those two addresses can be established. Normally, you would ghost a multiple of 10 NIX and then un-ghost however many NIX you want to send to your recipient.


Issues and Parting Words

While testing, I have encountered a few minor visual errors as well as reindexing problems. Thanks to the #testnet Discord channel and the fast continuous support, they were promptly resolved. This can be verified by inspecting the commit history for the POS3.0 branch on GitHub.

Summing up, I can say that NIX is a project with innovative ideas as well as actual development. Once the changes are live on the main net, NIX will be the first coin to run POS3.0, a privacy layer and btc core 0.16. This is just the first step towards reaching cross chain interoperability. Instead of competing with other coins, NIX enhances them.

Disclaimer: I was not paid for this article but do hold coins.


Should any questions arise, please feel free to comment them down below. I will answer them all!

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Wow so many blockchain project announcements on Steem recently

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It's not really a project annoucement, NIX is already running smoothly. :-)

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When is announced

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Это здорово !

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I agree. Do you consider expanding into NIX?

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Can't say that's in my plans.

This really sounds great.

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It does! Wanna give it a shot yourself?

seems pretty generic. typical staking qt wallet. wheres the innovation?

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Hey there,

thanks for the reply. I agree that staking is nothing groundbreaking but a necessary step and welcome step towards full POS. The generic qt wallet is currently used for testing, a uniquely designed wallet is on it's way (I have also mentioned this in the post). Here is a sneak peak from a while ago (before the transition to POS):

1.1__Overview.png


What is innovative though is the Ghost protocol and the Ghost Vault as it's first utilization. This will later on be used by other applications like the DEX manager. Let me know if you'd like me to provide more ressources before you start DYOR'ing. :-)

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@dacx am beginning to like Nix but can you brief me about it. If you can even send ne their white paper or summarize it for me. I'd be very glad. I never want to miss any opportunity that brings money lol

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Hey there!

You can find the needed information to get started on their webpage: https://nixplatform.io/. The white paper is accurate for the current situation but the switch to POS is not yet there. If you need any additional information, please let me know!

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Nice, beautiful and informative. Keep sharing, great work!

That's Sound Amazing
😎😎😎😎😎😎😎😚😚😚😚😚😚😚

Wow, this is amazing.
I hope it will go smoothly without any problems on the server...

congratulations

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Looking pretty good so far!

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OK...

Fantastic work with this one. Nice review and continue the nice work! Glad to peer you posting again. Thank you for the updates.

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Very kind words, thank you so much!

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I love staking it's such a great feature

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The upcoming inflation schedule is also very good for the economy.

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Where's my free upvote :(

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I guess you have to create posts. It seems to be a bot so don't expect an answer.

I read a post beautifully. This poster has to learn something through. Thank you for posting this post. Hope you post more.

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Post post post

Your post on "First Tests on the NIX testnet - Staking and Ghost Vault (POS 3.0)" is a stunning one. Here you have focused on some real important factors. I enjoyed the content under "Building the new wallet with POS 3.0" the most. Your writing was to so organized and the concept was just awesome one.

Hola como se hace para ganar dinero en steemit?

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Well you need STEEM POWER to earn on curation rewards. Otherwise you can get payouts if other people upvote your content.

🙏😍😍😍😘😘😘

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Good coin. Where can i buy it directly with bitcoin? And how much is Staking giving?

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Trading is live on IDAX: https://www.idax.mn/#/
Staking rewards will be 20% of the total block reward.

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My TaG 2.jpg

Yeah...really it's great.

Wow...This sound great. Keep it up.

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Will do, thanks!

really great

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vote for me

How much going up more bitcoin in 2018

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No one can tell you that.