Review on Nxt by Praise Olagbadun
Built From Scratch But Is Gradually Rising
There are so many coins that are worth investments and the Nxt happens to be one of them (although long term and patient investors are the ones that can really gain from it as it currently has a low market value but is projected to rise in the nearest future). It is a project that is founded by a software developer, BCNext in the early days of crypocurrencies, around the year 2013. It happens to be in the industry for long but yet to getenougj popularity as I never knew it until Revain exposed me to it. It was built from the scratch as a flexible platform to build applications and financial services to the masses. The Nxt happens to be the first project to fully implement the pure PoS cosensus protocol.
To be sincere, I am yet to have one of their tokens but would get it anytime soon but I checked it out and discovered that although it presently has a low market value, it is expected to rise in the nearest future. It happens to be well trusted by it's token owners and members as it has never experienced a successful breach in it's security system and for this reason, can be recommended for investment. It is a project that depends solely on it's token holders to make decisions as they vote in a cryptographically proven way. It was also the first to launch a user friendly decentralized asset exchange where cryptocurrencies can be exchanged for Fiat. Unlike many other cryptocurrencies, the Nxt can not be mined but can only be gotten by purchasing it and is available in exchange platforms like Binance and many others.
As said earlier, I would recommend this cryptocurrency to investors that are patient enough to watch it rise but the question is how many traders would be able to wait
Pros
- Although the project was built from scratch, it has risen to become an investable coin
- Utilizes the Proof of Stake algorithm and even happens to be the first to use it
- Has kept a clean record ever since inception as it has never been hacked or breached
- Depends on it's community members which happens to be the token holders for decision making
Cons
- It is a project with a very low market value
