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NXT coin is an open-source cryptocurrency and payment network launched in November 2013 by anonymous software developer BCNext. Nextcoin uses proof-of-stake to reach consensus for transactions – as such there is a static money supply and, unlike bitcoin, no mining. Nxt was specifically conceived as a flexible platform around which to build applications and financial services. It has an integrated Asset Exchange (comparable to shares), messaging system and marketplace. Users can also create new currencies within the system. The last major release enabled Multisignature capabilities and a plugin-system for the client. NXT coin has been covered extensively in the “Call for Evidence” report by ESMA, to which the community of NXT coin responded in July 2015.
ICO’s, IEO’s, and even STO’s have failed to live up to their promised hype as it became difficult for blockchain companies to raise capital through them. However, some companies have found success in the token sale model.
Ardor and Nxt’s decision to enlist more node operators from the crypto community is one that will not attract controversy.
Top eCommerce company MonetaryUnit has recorded substantial value rise in its digital $MUE token. The rise has been attributed to the fast adoption of its growing service, which now allows online buyers to use over 40 cryptocurrencies to purchase good with.
Nxt, an advanced blockchain platform and the first currency to run solely on proof-of-stake algorithm, beats basic functional features of pioneering cryptocurrencies.
Nxt, the innovative digital currency, blockchain platform, and Bitcoin alternative, launches Version 1.7.4 on January 23rd. New features to be integrated into Nxt include Account Control, the NXT Data Cloud and CoinShuffling.