Review on Nxt by Albert Smith
a open source network that provides many capabilities
It's a type of digital money that uses proof of stake to conduct transactions. The initiative enables users to design their own currencies. It is a proof-of-stake currency, which implies that the user must demonstrate possession of a specific quantity of cash.
To some extent, the platform is secure. It has built the security in such a manner that if someone tries to attack NXT, the value of the attacker's cons is automatically reduced. It's worth noting that an assault is conceivable if the individual forging possesses more than half of the currency supply. Asset exchange is the name given to this type of trading.
The exchange offers a variety of services, including colored coins and peer-to-peer trade.
Updated 3 years ago
Rating changed from 4 to 3
nxt is another project of the jelurida team. This network was one of the most exciting blockchain networks and when it entered the market, it was well received due to the idea of child chains and also the fame of some projects of this team, but now it no longer has that special fame. Of course, the Nxt project could still be one of the most important projects in the future.
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Pros
- The APL may be accessed without the need of central service.
- It is compatible with mobile devices.
- The coin holders have the ability to vote.
Cons
- If the coins are not dispersed, there is a high danger of assault.
