NXT (NXT)

Crafted with  by Trade Crypto Live
Name Price Supply Volume Market Cap
nxt
NXT
$0.018
998,999,942.00 NXT
$3,883,754.00
$18,102,707.00

TRENDING

Nothing earth shattering in the cryptosphere at the moment. Check back soon!

QUICK STATS

Proof of Importance / Proof of Stake
Bittrex NXT/BTC $852,128 21%
HitBTC NXT/BTC $745,322 19%
Poloniex NXT/USDT $525,093 13%
NXT is an open source crypto platform and payment network. It is meant to be used like bitcoin, but with faster transaction times, and using the NTX Token as its mode of wealth exchange. It is geared towards application building and financial services.
Asset Exchange
Data Storage
Alias System
Voting system
Plugin support
Monetary System
Multi-signature and phased transactions
Application builders, financial services, and anyone looking to transfer money.
Ethereum(ETH), Cardano(ADA), NEO(NEO)

VIDEOS

BACKGROUND

Whitepaper Summary

The whitepaper is very thorough, however, some of the links referenced do not work. It was last updated in July 2014.

Problem Solved

Using the NXT Token and market, allows people to create apps and for businesses to use their own coins that are backed by the NXT tokens.
While bitcoin uses hashing power as proof for verifying transactions, NXT works with the stake-size the user owns. Block authors are selected in a practically random manner, with greater amounts of stake increasing the likelihood of adding a block to the chain

Competitive Edge

NXT works off the stake size that its users own and allows for custom coin creation backed by the NXT token. It is more of a blockchain based technology then its competitors.

Development Roadmap

NXT is becoming ARDOR so the roadmap shows the transition to this new coin.

Q1 2018 –
Ensuring Ardor is running stable in production, resolving any issues discovered post-launch.
Interviewing, hiring, and training new developers, quality assurance, and support team.
Q2 2018 –
Pruning of child chain transactions and sharing of snapshot data between nodes on testnet.
Additional child chains launched on mainnet.
Q3 2018 –
Pruning and snapshotting implemented on mainnet.
Support for child chain specific transaction types.

INITIAL COIN OFFERING (ICO)

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The initial supply of NXT was distributed to the 73 original stakeholders, most of whom have been incentivized to further disperse their stake through the use of giveaways, contests, and bounties. Eight months after its creation, NXT’s largest single account contained 5% of NXT’s total supply.
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TEAM INFO

Creators / Founders

The source code was partially released on 3 January 2014. The full source code was released on 1 March 2014 under the MIT License.

Core Development Team

N/A

Notable Advisors

N/A

Notable Investors

N/A

Trade Crypto Live Sentiment

Jelurida, the lab behind NXT has broken new ground as they attempt to solve the scalability problems with blockchains through their usage of child chains. NXT, Ardor and Ignis will all be coins to keep an eye on in 2018 as the team of developers have shown consistent progress and communication.

Reference & Links

https://coinmarketcap.com/currencies/nxt/#markets

Homepage


https://coincheckup.com/coins/nxt/
https://bravenewcoin.com/assets/Whitepapers/NxtWhitepaper-v122-rev4.pdf
https://www.jelurida.com/ardor-roadmap