Review on Nxt by Paul Maduagwu
NXT has multiple usecases.
NXT $NXT is its own blockchain and runs on proof-of-stake (POS) consensus. Users enjoy relatively fast and cheap transaction costs (<$0.1). While the average blocktime is good enough, it maybe considered as slow compared to other top projects.
The blockchain is more than a public ledger, If you are not making payments with $NXT or receiving it, you can also stake the coin for passive income. NXT is built for Decentralized applications, and is set to encourage even the average user to build on the blockchain. At the time of writing this review its price is hovering around $0.008, It has managed to hold around this price range since its launch in 2013 so no much price action from $NXT.
Overall the project has good technology and media presence. They have products in place to support easily development on the blockchain by developers and an efficient network to handle transactions. The project once had issues of copyright, which they won but still I feel it had a negative effect on overall trust, and on its price.
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Pros
- Is its own blockchain.
- Open source.
- Cheap transaction cost.
- Good social media presence.
- Wallet support for major operating systems.
- Recent transactions on the blockchain.
Cons
- Listed on a handful of Exchanges.
- Average blocktime of ~1 minutes (according to CoinGeko analytics).
