Nxt NXT

$0.0960
Market Cap $ 95.885 MM (#103)
24h Volume $ 5.902 MM
Chg. 24h: -1.25%
Algo. score 2.5/5  (#758)
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Nxt project purpose and description

Nxt clarity of purpose

Nxt purpose and aspects

Decentralized exchange, Data storage system, Build decentralized Autonomous Organisations, Voting System, Account control, Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, Token issuance

Short description

Nxt is an advanced blockchain platform which builds on and improves the basic functionality of pioneering cryptocurrencies such as Bitcoin.

Abstract

Bitcoin has proven that a peer-to-peer electronic cash system can indeed work and fulfill payments processing without requiring trust or a central mint. However, for an entire electronic economy to be based on a fully decentralized, peer-to-peer solution, it must be able to do the following: process transactions securely, quickly and efficiently, at the rate of thousands per hour or more; provide incentives for people to participate in securing the network; scale globally with a minimal resource footprint; offer a range of basic transaction types that launch cryptocurrencies past the core feature of a payment system alone; provide an agile architecture that facilitates the addition of new core features, and allows for the creation and deployment of advanced applications; and be able to run on a broad range of devices, including mobile ones. Nxt (pronounced next) satisfies all these requirements.

Link to Roadmap: n/a
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