Review on Nxt by Alejandro Diego

Nxt is an open source, second-generation blockchain system that provides tools for decentralized financial platforms. Its coding base is based on Java completely from scratch, being the first to completely depend on a proof-of-stake consensus protocol.



Nxt was launched in November 2013 and has proven to have the potential to revolutionize different aspects of our daily lives, thanks to the various decentralized applications that can be built from this platform.



Additionally, it presents a marked use of tools to allow a community and strong internal communication channels, making its exchange forum available to entrepreneurs and users, and the Twitter channels of Nxt, Slack, Nxt Reddit, Telegram Nxt, Discord and Ardor.





The most salient aspects of Nxt are:



- Voting system

The Nxt voting system allows anyone to set up a poll, on any topic they want, with a configurable number of single or multiple choice options. The results of a survey can be evaluated based on a variety of voting models: by account, by balance, by asset share, etc., and are presented graphically after the survey ends. Voting on the blockchain guarantees the transparency and permanent immutability of the results. While voting is public by default, Nxt's advanced features such as controllable currency system currencies and currency mixing can be used to enhance voter privacy.



- Universal Blockchain Framework

Nxt software is designed as a universal framework for ongoing distributed ledger technology transformation. Its simple yet flexible architecture facilitates blockchain adoption and can be extended to suit any public or private use case.



- Proof of stake consensus

Nxt was the first to implement a pure proof-of-stake consensus protocol. Reliable and energy efficient, with minimal hardware requirements, Nxt's ingenious proof-of-stake algorithm has stood the test of time, with no successful attacks in practice since its launch in 2013.





- Decentralized asset exchange

Nxt was the first blockchain to launch an easy-to-use, yet fully decentralized asset exchange. Anyone can issue and trade tokens other than Nxt, and orders are matched and executed directly on the blockchain itself.



- Proven stability

The Nxt blockchain has been in production for over 6 years, with virtually no downtime, no major bugs, and no successful exploits. Millions of Nxt transactions have been performed reliably, which has established its reputation as one of the most secure platforms in the blockchain industry.



As we can see, Nxt is one of the most proven and reliable platforms in the DEFI universe, serving as the foundation for many other projects that are already working, many that are in full development, all thanks to its large number of modular built-in functions. easy to use.