Nexty website
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Nexty ANN at bitcointalk
A few years ago I couldn’t even imagine that we will use digital currency to pay for real goods and services online. Moreover, it is still hard to believe that there are decentralized platforms able to provide instantaneous and free transactions. Yes, I don’t have to remind you that we live in a banking era when centralized banks still rule the world, but more and more ecommerce businesses add to the traditional banking payment methods an ability to pay with cryptocurrencies.
Though, even the most cutting-edge blockchains like Ethereum and Bitcoin have a number of problems:
- slow speed of transactions up to a few hours;
- high transaction fees even for microtransactions;
- increasing volatility of classic cryptos when the exchange rate per 1 BTC constantly changes.
All these problems make people refuse from using all cryptocurrencies, sometimes it is simply impossible to apply this payment method on your website. The new Nexty platform with its own blockchain is going to solve all issues in a few simple and cutting-edge fintech solutions!
How can Nexty solve the problem of high commissions?
The answer to this question is really simple. The Vietnamese decentralized platform Nexty is built on 2 totally different types of digital tokens – NTF (Nexty Foundation) and NTY (Nexty Coin). The first one is additional, used for confirmation and verification of all users. The second one is a major platform’s token, with all standard utility functions providing the stable fuel for the whole ecosystem. Mining facilities will be also available for all NTF holders. NTF tokens are very rare and can be obtained after buying NTY tokens in packs (1 pNTY = 10, 000 NTYs).
These two tokens support each other and eliminate the necessity to pay for all transactions happening on the network. NTF token is always present in all NTY transactions, and the monthly share of all earned NTF coins is shared between all NTY investors.
The unique protocols of the Nexty platform
Cryptocommunity can’t be surprised with different protocols proving the networks capability of delivering the promised apps and services. The most common protocols are Proof of Stake and Proof of Work. The Next team went a bit further and uses more than these 2 standard protocols. In fact, the blockchain is based on 3 key proving protocols:
- Proof of Stake (PoS) is very popular among blockchain developers. It will automatically send rewards to miners thanks to the validators’ economic stakes located in the blockchain.
- Proof of Work (PoW) – the main blockchain’s protocol. This protocol is used by Nexty for the generation of new blocks.
- Proof of Foundation (PoF) – the totally new algorithm developed and added by the Nexty team. It is inspired by the Proof of Authority that appeared in 2017. This protocol is responsible for the proper work of transaction confirmation. The algorithm can separate the percentage among end users.
If you like me enjoy the ideas and products offered by the Nexty platform, then do not forget to support these guys – they are really worth your attention and money.
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