Nxt is described as an advanced open source platform based on functionality like Bitcoin. In this article, as Kriptokoin.com, “What is Nxt?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Nxt? What does NXT do?
Platfrom was released in November 2013 by anonymous software developer “BCNext”. The native cryptocurrency of the Nxt platform is NXT. In addition to this digital currency; It includes many basic level features such as decentralized asset exchange, marketplace and voting system. Nxt is very easy to use. It is also permissionless and gives its users complete freedom in many ways.
What are its features?
- NXT allows its users to create their own cryptocurrency. In addition, these new currencies are supported by NXT.
- The NXT platform reduces risks such as fraud and theft, especially compared to traditional stock exchange systems.
- If used in trading, less fees are paid compared to normal transaction fees.
- Even if 90% of NXT cryptocurrencies are hacked, the network will not crash.
- If any asset represents something on the NXT platform, it can be traded in peer-to-peer currency on the platform.
- Your digital goods can be safely sold in the market created by NXT. When a purchase is complete, notification comes.
- All transactions can contain a message. However, the platform encrypts the message by default.
- Nxt highlights voting features. In this way, you can have an account that requires the approval of many parties to make a transaction.
- You can safely keep your data in decentralized storage in Nxt Data Cloud. Nxt developers believe that there are many documents users will want to securely upload to their cloud, such as certificates, contracts, requests, and licenses.
What is Nxt? How to buy NXT?
Exchanges currently traded with NXT; They are AEX, Poloniex, Bittrex, Indodax and STEX. These steps are followed to buy coins. First of all, access the web/mobile application of the exchange that lists the NXT you selected as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose NXT Coin with the balance you want and create a purchase order. Store it in your trusted accounts.
