Review on Nxt by Syzmon Nowak
this project is a blockchain with various uses
NXT is a self-contained blockchain that uses proof-of-stake (POS) consensus. Users benefit from transaction speeds of less than a second and low transaction costs of less than a dollar. Although the average blocktime is adequate, it may be deemed sluggish in comparison to other top projects.
The blockchain is more than just a public ledger; if you're not sending or receiving NXT, you can also stake it for passive revenue. NXT is designed for decentralized apps, and it is designed to encourage even the most inexperienced developer to create on the blockchain. Since its inception in 2013, $NXT has managed to stay in the same price range, thus there hasn't been much price movement.
Overall, the initiative is technologically sound and has a strong presence in the media.
- Transaction costs are low.
- A strong presence in social media.
- Support for major operating systems is included in the wallet.
- On the blockchain, there have been some recent transactions.
- Only a few exchanges have it listed.
- A one-minute average blocktime
