Charts price for Nxt (NXT)

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Description of Nxt (NXT)

NXT Origin

Release Date: November, 2013.

Nxt was created by an anonymous software developer known as BCNext. The idea to create Nxt was first raised on Bitcoin Talk. Back at the time, the developer managed to raise 21 bitcoins to proceed with project. At the moment Jelurida BC handles all platform and project developments.

NXT Functionality

Nxt, contrary to popular opinions is not a fork of the bitcoin Blockchain. Rather, the project modifies BTC’s original code and tops it off with their won. Additionally, in contrast to the bitcoin, private Blockchains are deployable via Nxt. On the Nxt platform, digital assets can be used to represent any asset, tickets, goods, property.

These digital assets can then be traded in a P2P manner. Users can create their own cryptocurrency on the Nxt platform as well and trade it. There is also a marketplace system within the Nxt ecosystem.

Another interesting feature of Nxt is Coin Shuffling. Which can anonymize the source destination of where a cryptocurrency came from (original sender). A Data cloud is also one of the key features of NXT.

It’s worth noting that during the period when Nxt was acquiring crowdfunding. It split 1 billion of its tokens across just slightly over 70 supporters. No new Nxt will ever be created because the platform operates on a proof-of-stake system. Any cryptocurrencies created on the Nxt platform will require their fees to be paid in Nxt.