Review on Nxt by Digital Convict
NXT underrated and riddled with time.
For companies, passing the tests is not easy, but surviving over time is more difficult. NXT has been tested by time.
Launched almost 7 years ago (Nov 24, 2013) as the first Proof of Stake, this Second Generation cryptocurrency
coded in Java, developed & maintained by Jelurida, a blockchain software company based on Switzerland
(Who also developed
Ardor and Ignis (Projects wich you could read about it on Revain)).
Offers on their official web site, the
"NXT client software" what you can download for free and it's available for Android, Windows, Mac, Unix & RaspberryPi. Where in a simple platform you can create smart contracts,
this gives you the possibility to tokenize
your projects; Providing with this the possibility of increasing the added value of your DApps;
Or the possibility to create valuable assets, which can be exchanged in the "Decentraliced Asset Exchange".
According to its Roadmap, the benchmark tests show results of: "Support up to 100 transactions per second"
a good speed, or realy fast, considering there aren't many users currently riding on your blockchain.
To date there are 998,999,942 out of a total of 1,000,000,000; Which makes it a very viable option for traders.
Is available in at least 10 markets with 5 pairs of cryptocurrencies; While NXT's trade-in value isnt high, if it stands the time trial, NXT´s value will notably increase
by the end of 2021.
Pros
- Cheap (For the moment)
- Proof of Stake
Cons
- Needs partnerships for increase their popularity (Working on it)
- Needs to be more active on social's (Working on it)
