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The blockchain technologies, which began to develop actively in recent years, have become an integral part of the electronic payments sphere. Thanks to the technological advantages of distributed databases, users have the opportunity to store large amounts of information with the highest level of confidentiality. In addition, the blockchain is, undoubtedly, the most optimal solution for carrying out user transactions in minimum time, with a minimum commission size, and without the intervention of state regulatory bodies. In other words, technology solutions based on distributed databases have created the foundation for the development of the world-wide decentralized economy.
One of the most notable projects that have successfully applied the blockchain technology in user transactions is the Nexty company. There are two currencies — NTY and NTF — within the framework of the main platform which are interrelated by the work of the unique Proof Of Foundation algorithm. This algorithm allows to optimally balance the price of both tokens, and also contributes to the operation of the bonus program, called Smart Staking.
The main technical features of the Nexty platform
The project became known to the general public in 2018. In May-June of the same year, the company held ICO, releasing tokens of its platform on the international cryptocurrency market. Thanks to the efforts of developers, the platform provides users with the fastest transactions performed using NTY tokens. According to the official performance tests, the Nexty platform guarantees instant transfers of funds between user wallets with no commission fees for a separate transaction.
Moreover, the project supports the work of an automatic bonus program called Smart Staking. This program, together with the Proof of Foundation algorithm, monthly accrues users a reward in the form of a certain number of NTF tokens. Tokens are remunerated due to the user's activity and the total number of funds on his account. Bonus accruals in the first year of the program's operation equal to 0.5% of the number of funds on the account.
Nexty’s advantages over popular cryptocurrency platforms
The modern cryptocurrency market offers users the widest choice of various virtual platforms based on the blockchain distributed database. They offer conditions for full confidentiality and quick money transfers without interference from third parties and with a minimum commission fee.
At the same time, the most popular blockchain projects, especially market leaders, cannot guarantee a quick transfer of funds from one user's wallet to another. The workload of the network is very high due to a large number of simultaneous requests for confirmation of payment, and the work algorithms are outdated and therefore such giants of the industry as Bitcoin or Ethereum cannot provide the opportunity to transfer funds within a few seconds.
The Nexty platform is based on the latest developments in the field of the blockchain technologies, and the developers have tried very hard to optimize the network performance in order to increase the blockchain performance capacity. As a result, users get a convenient service that can guarantee the transfer of funds between customers' accounts even in term of the maximum load of the network.
Given the unique rewarding algorithms and facilitating the accumulation of funds, the Nexty platform, in the future, can become one of the most popular and widely known alternatives to the largest blockchain platforms.
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