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

View this thread on: hive.blogpeakd.comecency.com
· @dacx ·
$276.84
First Tests on the NIX testnet - Staking and Ghost Vault (POS 3.0)
<div class="text-justify">Some of you might know that I recently wrote about <a href="https://steemit.com/nixplatform/@dacx/nix-platform-to-switch-from-pow-to-pos-increasing-network-security" target="_blank">NIX Platform switching from PoW to PoS</a> and guess what, the test net is already up and running, waiting to be, well, <em>tested</em>. This brings <a href="https://nixplatform.io/" target="_blank">NIX</a> closer to achieving yet another goal: private cross chain interoperability. <br>

---

![NIX_logo_light10x.png](https://ipfs.busy.org/ipfs/QmdTHebJVtdkxEMxzgKvNv17hbGKzt3qY4hH1whedcewAJ)

---

## Announcement
Lead developer jackieboy announced in [Discord](https://discord.gg/agAsvQY) that everyone who wishes to test the upcoming features now has the chance to do so:
![Selection_068.png](https://ipfs.busy.org/ipfs/QmWwbiJVupJnSAEkwkYd1gFQQJaxqL4KQizrmhYwrASHQL)

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](https://github.com/NixPlatform/NixCore/tree/pos30) or just [download this .zip archive](https://github.com/NixPlatform/NixCore/archive/pos30.zip) (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](https://ipfs.busy.org/ipfs/QmaE11gFVXSrprcZk1qu7wWp4s5Au9vAT75DSNCP3VJa7q)
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.

<div class=pull-left>
<img src="https://ipfs.busy.org/ipfs/QmSVXb1tYE6TvdUG3qmYQCZDffL6FGAJ679xYExeuMgmrE" />
<br><br>
</div>
<div class=pull-right>
<img src="https://ipfs.busy.org/ipfs/QmcUs9DVQZPcQpj948iBeE6n5P6y9ANuA73HPTszLDcamQ" />
<br><br>
</div>

<div class=pull-left>
<br><br>
You are now successfully staking! You can verify that by opening your console and typing <strong>getstakinginfo</strong>.
</div>
<div class=pull-right>
<img src="https://ipfs.busy.org/ipfs/QmTwGTH8wokPQjiVtkL2aV5RPqegfxJtHTM3ZDJXQvVLyx" />
<br><br>
</div>

---

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](https://ipfs.busy.org/ipfs/QmRbc7LAjBg8tjUgjjpMLsAuWXP52qiBWejD5UoiHRAUJe)
Image courtesy of jackieboy, testnet wallet.

---

## Ghost Vault

![Selection_070.png](https://ipfs.busy.org/ipfs/QmawUhshownAvZBeoKQ67SskTqeAkqkFrqJ9hVb9AjP3Na) 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](http://159.65.70.173:3001/tx/baf825ef41cc7bbf76368b5494a3e57a4390624c8adfba132790a3f2dced93af) is how *ghosting* looks on the blockchain explorer. After the tx has been confirmed, the wallet shows as follows:
![Selection_071.png](https://ipfs.busy.org/ipfs/QmVtoofuD8DDBoRNzZrwN4P6Ph6f9fpAWrfVpXfkqt4iT3)

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](https://ipfs.busy.org/ipfs/QmaRcrHwettkVy5MQrPDWTfkMzErrjA7FznGepouVm1qHc)

The explorer shows that address [2XAx7P79fJX8EfyopuduJP9n49RvacAdp7](http://159.65.70.173:3001/tx/076800a47e2f1f6240405f42a03aa9b29b19791b1a3266dbae6d29b15afee5ca) 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](https://github.com/NixPlatform/NixCore/commits/pos30) 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!
</div>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 544 others
πŸ‘Ž  
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@adenijiadeshina ·
$0.04
This really sounds great.
πŸ‘  , , , , ,
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@dacx ·
It does! Wanna give it a shot yourself?
πŸ‘  , ,
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@antonioelpro ·
Hola como se  hace para ganar dinero en steemit?
πŸ‘  ,
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@antonioelpro ·
?
πŸ‘  ,
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@dacx ·
Well you need STEEM POWER to earn on curation rewards. Otherwise you can get payouts if other people upvote your content.
πŸ‘  ,
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@arcange ·
Congratulations @dacx!
Your post was mentioned in the [Steemit Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20180903) in the following category:

* Pending payout - Ranked 6 with $ 341,42
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@asaha ·
Wow, this is amazing. 
I hope it will go smoothly without any problems on the server...

*congratulations*
πŸ‘  
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@dacx ·
Looking pretty good so far! 
πŸ‘  ,
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@asaha ·
OK... 
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@bycanan ·
it sounds good
πŸ‘  , ,
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@daniprog ·
Good coin. Where can i buy it directly with bitcoin? And how much is Staking giving?
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@dacx ·
$0.46
Trading is live on IDAX: https://www.idax.mn/#/
Staking rewards will be 20% of the total block reward.
πŸ‘  , , ,
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vote details (4)
@danuel505 ·
Wow...This sound great. Keep it up.
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@dacx ·
$0.46
Will do, thanks!
πŸ‘  ,
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vote details (2)
@doanbinh ·
vote for me
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@edgarcaole ·
YEAH!!!!
properties (22)
authoredgarcaole
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@experiment ·
Hi @dacx  I'm a bot, and wanted you to know that I've upvoted and re-steemed your post to help you with your promotion efforts!  -exp
πŸ‘  ,
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vote details (2)
@gotobangkok ·
i link
properties (22)
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@grv6124 ·
Amazing steem post!!!! 

Posted using [Partiko Android](https://steemit.com/@partiko-android)
πŸ‘  , , , ,
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vote details (5)
@kryptoniabot ·
Comment from kryptonia.io
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properties (22)
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@hassan679 ·
How much going up more bitcoin  in 2018
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@dacx ·
No one can tell you that.
πŸ‘  
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@jesus3012 ·
https://steemit.com/blockchain/@jesus3012/el-estado-de-california-presenta-proyecto-de-ley-que-define-blockchain-y-las-criptomonedas
πŸ‘  
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@dacx ·
What's that about?
πŸ‘  
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vote details (1)
@jesus3012 ·
πŸ™πŸ˜πŸ˜πŸ˜πŸ˜˜πŸ˜˜πŸ˜˜
πŸ‘  
properties (23)
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@jonathanvlr10 ·
OMG! Great!!!
πŸ‘  ,
properties (23)
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vote details (2)
@kvnq ·
This post has been resteemed to 7000+ active steem accounts by @kvnq
.
.
![My TaG 2.jpg](https://cdn.steemitimages.com/DQmdh9hRdWFPYPehC2TtgYBMeNY6y9fbo5bDxGTLeDMRCEn/My%20TaG%202.jpg)
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@markjacik ·
really great
πŸ‘  
properties (23)
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vote details (1)
@mdabu ·
# I read a post beautifully. This poster has to learn something through. Thank you for posting this post. Hope you post more.
πŸ‘  , ,
properties (23)
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vote details (3)
@dacx ·
Ehm, alright? 
πŸ‘  , , ,
properties (23)
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vote details (4)
@programmingvalue ·
$0.08
Post post post
πŸ‘  ,
properties (23)
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vote details (2)
@minnowpond ·
You have recieved a free upvote from minnowpond, Send 0.1 -> 10 SBD with your post url as the memo to recieve an upvote from up to 100 accounts!
πŸ‘  
properties (23)
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vote details (1)
@programmingvalue ·
$0.08
Where's my free upvote :(
πŸ‘  , ,
properties (23)
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vote details (3)
@dacx ·
I guess you have to create posts. It seems to be a bot so don't expect an answer.
πŸ‘  
properties (23)
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vote details (1)
@nithin7237 ·
That's **Sound Amazing**
😎😎😎😎😎😎😎😚😚😚😚😚😚😚
πŸ‘  ,
properties (23)
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vote details (2)
@dacx ·
It sure does! 
πŸ‘  ,
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vote details (2)
@palmerjm1 ·
$0.04
seems pretty generic. typical staking qt wallet. wheres the innovation?
πŸ‘  , , , , ,
properties (23)
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vote details (6)
@dacx ·
$0.48
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](https://files.steempeak.com/file/steempeak/dacx/on5CNHzX-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. :-)
πŸ‘  , ,
properties (23)
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vote details (3)
@lexymaine ·
$0.04
@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
πŸ‘  ,
properties (23)
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vote details (2)
@programmingvalue ·
$0.10
Wow so many blockchain project announcements on Steem recently
πŸ‘  , ,
properties (23)
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vote details (3)
@dacx ·
It's not really a project annoucement, NIX is already running smoothly. :-)
πŸ‘  
properties (23)
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vote details (1)
@hassan679 ·
When is announced
properties (22)
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@dacx ·
It's already live.
πŸ‘  ,
properties (23)
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vote details (2)
@hekang ·
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properties (22)
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@jenyaret ·
Π­Ρ‚ΠΎ Π·Π΄ΠΎΡ€ΠΎΠ²ΠΎ !
properties (22)
authorjenyaret
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@saghir ·
$0.02
Nice, beautiful and informative. Keep sharing, great work!
πŸ‘  ,
properties (23)
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vote details (2)
@dacx ·
Thanks, will do!
πŸ‘  ,
properties (23)
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vote details (2)
@sayemsonai ·
Fantastic work with this one. Nice review and continue the nice work! Glad to peer you posting again. Thank you for the updates.
πŸ‘  
properties (23)
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vote details (1)
@dacx ·
Very kind words, thank you so much!
πŸ‘  
properties (23)
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vote details (1)
@sharminwadud ·
Yeah...really it's great.
properties (22)
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@sheikhshahin ·
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.
πŸ‘  ,
properties (23)
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vote details (2)
@dacx ·
Is that an automated post? :/
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properties (23)
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vote details (4)
@sohaibomer ·
![dfbdfb.png](https://cdn.steemitimages.com/DQma4i9Qs4CeudmnrP3Y85HBFS9GKGYZ7B9eQhVUxJRFD86/dfbdfb.png)
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properties (23)
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vote details (2)
@sshamem ·
https://electroneumfaucet.net/new-user/?r=sshamem
properties (22)
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properties (23)
authorsteemitboard
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@thebeachedwhale ·
$0.10
**Stake 'em if you got em!**

No reason to let coins sit when they can be making a profit, that's also what makes Steemit so great, users are constantly growing your influence over the Steemit platform by interacting with it.

**-The ΰΈΏitcoin Profiteer**
πŸ‘  , , , , , , ,
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vote details (8)
@dacx ·
I agree. Do you consider expanding into NIX?
πŸ‘  ,
properties (23)
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vote details (2)
@thebeachedwhale ·
Can't say that's in my plans.
properties (22)
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@hekang · (edited)
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πŸ‘Ž  
properties (23)
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vote details (1)
@viraldrome ·
I love staking it's such a great feature
πŸ‘  
properties (23)
authorviraldrome
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vote details (1)
@dacx ·
The upcoming inflation schedule is also very good for the economy.
πŸ‘  ,
properties (23)
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vote details (2)