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Nxt (NXT)

#38

Nxt is an open source cryptocurrency and payment network launched in November 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions—as such there is a static money supply and, unlike bitcoin, no mining. Nxt was specifically conceived as a flexible platform around which to build applications and financial services. It has an integrated Asset Exchange (comparable to shares), messaging system and marketplace. Users can also create new currencies within the system. The last major release enabled Multisignature capabilities and a plugin-system for the client.


Nxt (NXT) Pros | 11

Great for start up

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Account Control: Restrict access to an account or prohibit transactions without approval by multiple parties.

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Aliasing: Initiate transactions with easy names. All aliases will end with a period preceeding the name of the child chain.

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Data Cloud: Store data securely right on the blockchain. This can be either public or private and is time stamped.

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Monetary System: Create customizable monetary system tokens in addition to the child chain native token.

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Nxt (NXT) Cons | 3

constant crashes of the wallet software

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great concept just poor execution

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Nxt does not have a mining procedure.

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Disagree | 1
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