NextyCoin – The Future of Payment

ritabella (-1)(1)in #decentralized • 6 years ago (edited)

The Concept
In our daily lives, we all make payments for various goods and services. Sometimes it take several hours to days before the payment will be successful and usually at a high transaction fees. Many programs have been developed to address this delay and high transaction fee including some based on cryptocurrencies, but none have seen the light of day.
This is where Nexty comes in. Nexty is developing a payment system that will support all businesses and overcome challenges being faced by traditional payment systems. The resultant effects will be instant transfer, zero transaction fees, convenient and ease of usage.

How will Nexty Achieve This?

Nexty will utilize the power of Blockchain technology in achieving its aim. It will use the Proof of Foundation (PoF) capability of the Ethereum network and Nexty’s Duo Cryptocurrency Confirmation System (DCCS) to achieve this.
The Duo Cryptocurrency Confirmation System (DCCS) is a system of two cryptocurrency operating in parallel. One of its cryptocurrency, Nexty Coin (NTY) is dedicated for use in daily transactions while the other, Nexty Foundation Coin (NTF) will be used by the transaction confirmation system. The Transaction Confirmation System (TCS) is a peer- peer transaction network working on a defined instructions.
The system works by rewarding those with the Nexty Foundation Coin (NTF) with a small amount of cryptocurrency at the end of sealing which is between 30 to 360 minutes, thereby eliminating any transaction fees but still ensuring that those who contributed to the transaction confirmation system are duly rewarded.
The NextyCoin Project
AS earlier stated, the NextyCoin is made up of two part, the NextyCoin (NTY) and the Nexty Foundation Coin (NTF). The NextyCoin (NTY) will be the general medium of every day transactions while the Nexty Foundation Coin (NTF) through the Proof of Foundation (PoF) consensus algorithm will be primarily used for Transaction confirmation.
Through the activities of the proof of Foundation (PoF), revenue will be generated and a portion of what is generated will be used to reward those who are involved in maintaining the integrity of the system by way of confirming transactions.

Why is Nexty Unique?

Nexty is coming with a very important solutions to current problems plaguing the cryptocurrency world. Through increasing popularity and usage, the transaction fees charged per transaction on Blockchain is getting higher with longer confirmation time. The Nexty project is the solutions to this. Nexty, through its unique platform will scale up the transaction confirmation time making it possible for users to transaction instantly at no transaction fees at all. In addition to that, Nexty will ensure that the process is transparent and secured. The following summarized the unique benefits of Nexty and its offerings;

Instant Transfer
All transactions carried out on the Nexty platform will be instantly executed without delays. The only time they may be delay is when you have issues with your internet connection.
Zero Transfer Fees
Unlike traditional methods of transaction using the banks, financial institutions and other platforms in the market, there will be no transaction fees paid for using the Nexty platform.
Security
Nexty have multiple layers of security imprinted in its platform. The decentralization and secured ledger functionality of the blockchain technology is used to achieve this in conjunction with Nexty’s unique Duo Cryptocurrency Confirmation System (DCCS).

Conclusion

Going by its acceptance and the way its Initial Coin Offering (ICO), was immediately fully subscribed at its launch, it is safe to say that Nexty is the next big thing. There is no doubt it will change the way we do our daily transactions and guarantee value for investors, stakeholders, Fintech companies, e-commerce organizations and the general public. So go for it now that you can, before this opportunity disappears.

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