Nxt is a peer-to-peer cryptocurrency that was released in late 2013. Like most other digital currencies Nxt is decentralized, no one controls Nxt. It is free of the constraints and restrictions normally seen in traditional currencies. Unlike most other cryptocurrencies Nxt is not a fork of a previous coin such as Bitcoin. Nxt is the first 100% Proof of Stake digital currency that is written from the ground-up.
As Bitcoin answered the problem of transferring money online with out a central authority, a problem many experts thought were impossible to solve. Nxt takes a different approach. Instead of building on the Bitcoin protocol, they started by building a new cryptocurrency platform from scratch. A platform which opens up new possibilities for everything from digital cash and property ownership records to smart contracts and online transfer of stocks and shares.
NXT Is The Natural Evolution Of Cryptocurrency Technology
NXT is the natural evolution of the remarkable advances offered by cryptocurrency technology. NXT started with a vision of a radical new digital economy and was designed from the ground up to create a platform to realize it. Not only does it open up new possibilities – everything from digital cash and property ownership records to smart contracts and online transfer of stocks and shares – but it addresses all of the most serious deficiencies in existing cryptocurrencies. Most altcoins aim to fix one or two of these. NXT was developed to allow a sustainable, fair and versatile platform that would benefit everyone.
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