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NXT($NXT)
$0.00473091
Low $0.00462494
High $0.00495081
What is NXT?
Nxt uses the blockchain to create an entire ecosystem of decentralized features, all of which require the Nxt currency. Instead of modifying the original <a href="https://www.coingecko.com/en/coins/bitcoin/developer#panel">Bitcoin source co...
Nxt uses the blockchain to create an entire ecosystem of decentralized features, all of which require the Nxt currency. Instead of modifying the original Bitcoin source code, as many altcoins have done, Nxt developers wrote their own code in Java from scratch. While Nxt is a public blockchain, licenses for private blockchains based on its software are also available for purchase. The developers refer to Nxt as Blockchain 2.0, providing numerous applications beyond simply keeping a public ledger of transactions.
Jelurida BV took over the originally anonymously developed Nxt and now own the IP rights. Kristina Kalcheva, co-founder and legal expert of Jelurida, focuses on how to “explore the different open source licensing models and their enforceability in practice.” Currently, the main developer is an anonymous Star Trek fan, going by the name Jean-Luc Picard. While there is still the active development of Nxt, the parent company Jelurida is also working on a Nxt 2.0, known as Ardor, designed specifically to deal with scalability. Ardor will use the same blockchain technology as Nxt, combined with the idea of ‘child chains.’ According to Travin Keith, Nxt foundation Web and Marketing manager, Ardor allows for a “manageable blockchain size, which solves the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don’t affect security onto child chains.”
The core infrastructure of Nxt is complex. This adds risks as compared to the more lean bitcoin, but makes it easier for external services to be built on top of the blockchain. A peer-peer exchange allowing decentralized trading of shares, crypto assets. Since the blockchain is an unalterable public ledger of transactions, the Asset Exchange provides a trading record for items other than Nxt. To do this, Nxt allows the designation or ""coloring"" of a particular coin, which builds a bridge from the virtual crypto-currency world to the physical world. The ""colored coin"" can represent property, stocks/bonds, commodities, or even concepts. Arbitrary Messages enable the sending of encrypted or plain text, which can also function to send and store up to 1000 bytes of data permanently, or 42 kilobytes of data for a limited amount of time. As a result, it can be used to build file-sharing services, decentralized applications, and higher-level Nxt services.
Nxt had no mining phase, all initial units were released to 73 people through a one-time fundraiser via bitcoins, after the announcement of the NXT project in the bitcointalk-forums by BCnext. Combine this with a PoS approach, and you have a situation where the big guys run the table. At one point, the Nxt community had a very public spat with Bitcoin developer Jeff Garzik. Garzik took issue with the Nxt marketing approach, its anonymous developers, and their responses to constructive criticism. Nxt responded to some of these claims, of course, but it remains one of the more controversial moments in its history. Another key problem the Nxt network ran into (like so many others) was blockchain bloat. Nodes get weighed down by the onerous task of having to store every transaction on the Nxt blockchain. This was one reason (among others) why Ardor/Ignis came into existence."
Tags
Funds
Influencers
CoinScouts Grade
Market Statistics
Volume
$13,655.00
Market Cap
$4,840,553.00
Fully Diluted
$4,730,910.00
Market cap Value
0.28 %
Circulating Supply
998,999,942
Max Supply
∞
Total Supply
1,000,000,000
% of Total Supply
99.90%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
NXT Statistics
Name
NXTTicker
NXTPrice
$0.0047309124 Hour Trading Volume
$13,655.0024 Hour Volume Change
32.89%Market cap
$4,840,553.0024 Hour Market Cap Change
0.76%Fully Diluted Market Cap
$4,730,910.00Price change 24 hour
4.79%Price change 7 days
0.76%Price change 14 days
-1.00%Price change 30 days
51.21%All Time Low/High
$0.00232313 | $1.86Percentage Change Since All Time High
-99.74%Percentage Change Since All Time Low
108.07%Market cap rank
#1274Volume / Market Cap
0.00282Issuance Blockchain
NXTCirculating Supply
998,999,942 (99.90%)Max Supply
∞Total Supply
1,000,000,00024h Volatility
$0.00Twitter Followers
71,079Telegram Users
1,545Reddit Subscribers
9,144Github subs
60Github issues
0NXT Markets
Upcoming NXT Events
No upcoming events for NXT known.
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NXT News
eSignus partners with Jelurida to integrate Ardor, Ignis and Nxt in HASHWallet Link
The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com....Read full story
y Cryptonews
Last updated 1 month ago
Bullish
eSignus partners with Jelurida to integrate Ardor, Ignis and Nxt in HASHWallet Link
The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.... Read full story
By Cryptonews | Last updated 1 month ago |
Bullish