NXT - Crypto Currency Introduction - Not Bitcoin or Litecoin - It's NXT [blR6Lwav_FP]

NXT - Crypto Currency Introduction - Not Bitcoin or Litecoin - It's NXT [blR6Lwav_FP]

| 1h 28m 28s | Video has closed captioning.

Nxt is the first 100% Proof-of-Stake (PoS) currency. Coins are earned solely by charging transaction fees. Unlike other currencies with PoS mining, Nxt's PoS mining does not cause monetary inflation. The total amount of Nxt in circulation is 1 billion. Nxt is resistant to +90% attacks via it's transparent mining algorithm. Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks but makes it more convenient for the users. Nxt doesn't use so-called "scripts" aka predicates. This simplifies and accelerates transaction processing. Advanced features like multisig will be created on top of the core as 3rd party services. Nxt will have the following features: - Decentralized Asset Exchange / Colored Coins (Starting after block 30000) This allows gateways to issue other currencies (fiat or crypto) on the Nxt network. - Decentralized Marketplace / Auction - Decentralized Mixing Service - Encrypted Messaging / Chat - Decentralized DNS / Alias System (Starting at block 22000) - Transparent Mining (Partially starting at block 25000) - DDoS Protection - Project Kharon - Voting BitcoinTalk NXT Forum Blockchain Explorer NXT Wiki NXT Faucet Forums In the news: #nächstes bitcoin halving #waarde bitcoin #invesco physical bitcoin #bitcoin halving 2025 wann