Review on Nxt by erdi yılmaz

Name: Nxt
Item: Nxt
Rating: 5

November 05, 2020

Environmentally Friendly Mining

In this review, I will talk about the environmental feature of NXT.
Mining in Bitcoin is done according to the Proof Of Work principle. Mining is done depending on the processing power of the devices or computers used. Fast computers and powerful devices are needed. The higher the equipment power, the more mines can be produced. The energy consumed due to competition in this area is almost equal to the energy need of a medium-sized city. NXT coin has adopted a different mining principle. NXT mining works according to the Proof of Stake principle. This principle is not related to processing power. The process performed according to this principle is called forging. You must have at least 1,000 NXT in your wallet for this transaction. After keeping this amount in your wallet for 24 hours, you can activate the tattoo process by pressing a button. Of course you need to be online and keep your wallet open during the tattoo process. Tattoo is done until a block is formed. Once the block formation is complete, the generated coins are transferred to your wallet. The number of tokens generated is determined by the amount of NXT you hold in your wallet. Based on this principle, all that is required for mining is to have NXT in your wallet. The forging principle results in much less energy consumption than other mining principles. This means NXT is an environmentally friendly coin. This is my favorite thing.
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So does NXT have a future?
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I think he has a bright future. Think about it, you don't need energy for mining. You only need to hold a small amount to win. This feature alone can ensure that people always have NXT on hand. It is obvious that it is not affected negatively by the fluctuations in the market.
As a result, I haven't invested yet, but I'm thinking of doing it at the earliest opportunity.
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