Review on Nxt by Özgün A

Name: Nxt
Item: Nxt
Rating: 5

November 03, 2020

It must be interesting to produce new currency !

NXT is an open source, developable project. Most cryptocurrencies are bitcoin-based, but NXT is not bitcoin-based. It attracts a lot of attention as it is the first digital money supply of the crypto money world. The most interesting feature: users can create new money within the system. So you can not only produce crypto money, but also generate a new currency. This is really interesting! It is written in Java coding and is treated as a 2nd generation coin. The more NXT coins you have, the more coins you can produce in the future. So it is proportional.
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Updated 3 years ago

Rating changed from 4 to 5

Although Nxt appears to be a simple blockchain built with the Java programming language, its work is actually very useful. You can tokenize your assets with the nxt algorithm.
Let's talk about the features of Nxt;
1) With asset exchange, crowdfunding becomes possible. Also, entities can represent a unique object.
2) With the voting system, token holders can decide on the future of this project. It can also be used for voter privacy.
3) When assets kept in accounts with financing monitors fall below a certain threshold, it warns and prevents loss. In addition, uncontrolled trade transactions are stopped in this way.
4) With plugins, this project can be developed and expanded.
5) Conditional transactions and permitted transactions cannot exceed a certain threshold. It also becomes a powerful feature by connecting with the multi-signature feature.
6) You can hide your identity from 3rd parties with nicknames. In this way, only the transactions you allow are carried out between peers. Actually, this is an anonymity feature.
As a result; Nxt is a project that aims to simplify transparency, uniqueness, and intermediary-free transactions that work on proof of blockchains. It has been working flawlessly for about 10 years. Also, this project has never had a trust problem.
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