Cryptocurrency NXT

If you fond of Internet technologies or you are interested in business through the Internet, you may find out cryptocurrency NXT do you good. Means of payment in crypto platform Nexty is the cryptocurrency that has the symbol NXT.

NXT-digital currency is used as payment for transactions when transferring coins within the network, it is necessary to create various types of assets (bonds or ownership of the project). The coin is used to conduct decentralized surveys and store data on the basis of the blockchain.

It is also an external digital currency, can be traded on the exchange, used as a means of payment along with Bitcoin and other cryptocurrencies.

The transaction is considered safe after 10 confirmations. Thus, in case of an attack on the platform, the attacker needs to form 10 new blocks in a row, confirmed by users with very large accounts. It is assumed that the probability of such a situation will be high only if the attacker has more than 90 % of all means of the set. Work with the platform is performed from the web interface. New users are encouraged to come up with a key phrase. In the future, this phrase will be used to enter the web interface and to sign transactions.

Alias system

The alias system can be used, for example, as an independent decentralized storage. Technically, the substitution process is as follows: the user in an arbitrary application enters An NXT alias, the local or remote server connects to NXT network nodes, replaces The NXT alias with the corresponding data (for example, URL address) and sends the result to the user.

Crypto trading

Through the platform, you can trade several crypto-currencies. Some cryptocurrency is protected such as Bitcoin, Lite coin, Bitcoin dark, Dark coin and so on.

Asset swap

The platform allows to conduct exchange operations with the assets of the network participants or to become the Issuer of its assets. For conducting trading operations with assets is not required the confidence of traders to each other or to the trading platform. This is achieved through the implementation of the concept of "Colored coins", the essence of which is that the purchase and sale of assets are made by the platform as a normal transaction, but with special properties.

The first asset exchange transaction was made on May 12, 2014. More than 250 assets were issued, approximately 100 of them are traded daily.

Benefit of NXT

1. Anonymity EDI transaction.

2. Anonymity buying.

3. Absence committee.

4. NXT provides project developers and individual users with powerful tools combined with an easy-to-use API system. This allows the integration and use of block technology in various applications and projects.

5. The stability of the platform is provided by the algorithm based on the principle of Proof-of-stake (PoS), that is, proof of storage of user funds for a certain period of time.

By the way, NXT became the official partner of PayExpo, this two-day event will be held on July 9 and 10. It shows us the growth of the NXT potential. Such advances open up opportunities to use this platform unadventurous for different users on the Internet.

Website: https://nexty.io/
Whitepaper: https://nexty.io/nexty-whitepaper.pdf
AnnThread: https://bitcointalk.org/index.php?topic=2498919
Facebook: https://facebook.com/nextycoin
Twitter: https://twitter.com/nextyio
Telegram: https://t.me/nexty_io
Blog Medium: https://medium.com/@nextyio

Author: https://bitcointalk.org/index.php?action=profile;u=1382639