Pros
- (+)- the original source code, which not only improves the standard blockchain model, but also opens up new opportunities for further development; (+)- Nxt was the first platform to 100% use the Protocol Proof of Stake, mining on computing power is not provided by the system, for the support of the network commissions are charged; (+)- PoS eliminates the possibility of network hacking by attacking 51%, while significantly reducing system power consumption; (+)- the transaction processing algorithm uses transparent forging technology – the system determines which node will generate the next block and routes the transfers to it, increasing the confirmation speed; (+)- introduced the ability to increase the priority of the transaction by charging a higher fee; (+)- additional decentralized services have been introduced – cryptocurrency exchange trading, anonymous surveys and chats.
Cons
- The introduction of any innovative technologies is associated with technical difficulties that in the future may jeopardize the security of the blockchain. Taking into account the development of Nxt, analysts recommend to consider this platform for investment with extreme caution.
