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NXT (NXT) is a payments focused blockchain project that was launched in 2013. The project was started by an anonymous software developer called BCNext. The developer first announced the start of a second generation cryptocurrency on the BitcoinTalk forum, asking for donations in Bitcoin to fund the project.

Although NXT has similar intentions as Bitcoin, unlike the former, it uses a Proof-of-Stake consensus algorithm, and there is a total supply of 1 billion tokens compared to Bitcoin’s 21 million.

However, NXT also wants to be more flexible than Bitcoin, permitting multiple applications and services. This offers some stark contrast with Bitcoin, as the latter is more secure but less versatile. But this is the direction the team has taken, as they want to see multiple applications built on top of the NXT blockchain.     

With this, the project hopes to “revolutionize the financial technology, crowdfunding and governance industries” through the NXT blockchain and “a powerful, modular toolset to build with in any way.” The key features of the platform are its decentralized exchange, its token launch platform, cloud storage services and voting system. The NXT token is at the heart of all these features, fueling activity on the ecosystem.

NXT eventually evolved into NXT 2.0, also called Ardor. Both projects are overseen by parent company Jelurida. Ardor has its own blockchain and uses the idea of child chains to further upon NXT’s ideas. 

Jelurida has said that NXT is still being developed, but very few details have been released on any progress that has been made.

Next Generation of Cryptocurrency

13 Jul 2020 1 minute read 0 comments Jandmade

The NXT coin has had a growth of + 184300% since the launch of its ICO. (Yes, you read correctly. This is not an error: + 184300%) https://icostats.com/roi-since-ico NXT is the first blockchain 2.0, published and written in Java from scratch (which f...


14 Apr 2020 1 minute read 1 comment GROUNDx

        Today I am going to present you a very interesting website, it allows you to see all the forks that a coin has had, with or without split.The website is called https://mapofcoins.com/    They can be viewed from the moment of their creation,...


2 Mar 2020 1 minute read 0 comments PRiZM

Bitcoin and related currencies often use an encrypted file, under the name and wallet, to store generated addresses for receiving coins.The Next core used in the Prizm neither simulate this functionality, neither rule it out.Client developers can imp...

What is NEM? [A Comprehensive Guide to Understanding NEM]

20 Sep 2019 6 minute read 0 comments Mr.CryptoWiki

Just like Ethereum and many other projects created in 2015-2017, New Economy Movement or NEM is a dual-layer blockchain. However, the difference is that NEM is written in Java. NEM core team believe blockchain does not need to be complex. Blockchain...

The Heritage Of Burst Coin

28 Feb 2021 1 minute read 0 comments sustainhokioi

I love Burst Coin and the best way to understand a coin is through its White Paper and The Burst Dymaxion White Paper explains it ALL. @burstflash @BurstAppsTeam @marketing_burst @BURSTPAY @GetBURSThttp://www.burst-coin.org/wp-content/uploads/2017/07...