Nxt
Also known as Nxtcoin
NXT is an open source cryptocurrency and payment network launched in 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions—as such, there is a static money supply. Unlike Bitcoin, there is no mining. NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (Ardor), a blockchain-as-a-service multichain platform developed by Jelurida, and IoTeX (cryptocurrency) the current steward of NXT as of 2021. NXT has been covered extensively in the "Call for Evidence" report by ESM
Key facts
- Cryptocurrency.image_1
- 250px
- Cryptocurrency.image_title_1
- Nxt Logo
- Cryptocurrency.issuing_authority_title
- Administration
- Cryptocurrency.issuing_authority
- Decentralized peer-to-peer consensus.
- Cryptocurrency.date_of_introduction
- 24 November 2013
- Cryptocurrency.using_countries
- Global
- Cryptocurrency.inflation_rate
- Disinflationary. All coins were distributed after IPO (28 September 2013 - 26 November 2013).
- Cryptocurrency.symbol
- NXT
- Cryptocurrency.nickname
- Nxtcoin (also incorrectly referred to as Nextcoin)
- Cryptocurrency.subunit_ratio_1
- 1
- Cryptocurrency.subunit_name_1
- NXT
- Cryptocurrency.subunit_ratio_2
~2 min read
Article
5 sectionsContents
- History
- NXT cryptocurrency
- Critique
- References
- External links
NXT is an open source cryptocurrency and payment network launched in 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions—as such, there is a static money supply. Unlike Bitcoin, there is no mining. NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (Ardor), a blockchain-as-a-service multichain platform developed by Jelurida, and IoTeX (cryptocurrency) the current steward of NXT as of 2021. NXT has been covered extensively in the "Call for Evidence" report by ESMA.
== History == Nxt was developed by an anonymous software developer and released in November 24, 2013. It was developed to be used as a financial tool and application platform, which used a built in asset exchange system dependent on proof-of-stake instead of proof-of-work.