Nexty Platform: Developing The Future Crypto Trading Platform Today

ebykamsiokoro (40)in #blockchain • 7 years ago (edited)

INTRODUCTION

There has been an upsurge in technologies and advancements in recent years which has led to improvements in the ways people transact with one another both online and offline. But, despite these technological exploits, the financial sector have somehow defied the advancements and virtually remain stuck with archaic and cumbersome ways of carrying out transactions. This can be attributed to the fact that the top people and cooperations in the financial sector are gaining and would do anything for the status quo to remain at the detriment of the masses.
To make fund transfers from banks is quite stressful and takes a lot of time to conclude, about 1-3 working days and may even be longer if its an international transfer, not to mention the astronomical charges that comes with it. On the other hand, card payment and online transfers although have shortened the transaction time, also comes with high charges but the main weak point is the insecurity. Most online payment platforms are often targets of hackers and so many people have lost money due to card theft and hacks.

Crypto currency and blockchain technology have been hailed as the solution to almost all the problems listed above. Blockchain is fast, offers the best online security so far and have reduced transaction costs and times to the barest minimum. This is true, anyway, up to a point especially regarding transaction downtime and cost.
At the beginning of the cryptomarket boom, the transaction costs was quite negligible while the speed was in seconds but with increase in the number of users over the years, crypto currency transactions have become almost as expensive as other contemporary payment options while the completion time per transaction gets longer due to network congestion as is currently being experienced on Ethereum and bitcoin networks.

Several blockchain based projects have tried to solve the problem of crypto transactions with little pockets of success here and there.
Today, you'll be introduced to the Nexty Platform; a crypto ecosystem designed to bring succour to crypto investors and push the mainstream adoption of crypto currency as the future of payment, today.

THE NEXTY PLATFORM

The Nexty platform is thoughtfully designed to provide businesses of all types and sizes a means of breaking through trading barriers so as to raise needed funds for business development. It is built with tools that make crypto trading fast, free and scalable with little to no downtime.
The Nexty platform have 3 key features that make them stand out from its competitors in the market.

Instant transfer instead of fast transfer
Zero transfer charges or fees instead of low transfer fee and
Price stabilizing mechanism.

HOW DOES NEXTY WORK TO ACHIEVE THESE FEATS?

Nexty team developers designed a unique model called the Dual Cryptocurrency Confirmation System (DCCS) that is the underlying basis of achieving its 3 feature objectives.

DCCS involves the use of 2 different crypto currencies working in parallel to each other but aimed at achieving the same goal. The first currency is the NTY, which is the main currency of the Nexty platform and is also the medium used for daily transactions on ththe platform. NTY is transferred instantly from user to user.
The second currency is the NTF (Nexty foundation) which is used for confirmation of transactions. Only holders of NTF can have the right to confirm transactions and unlike other networks where miners earn from the transaction costs per transactions, the Nexty platform doesn't work like that. To compensate NTF holders for the confirmations or mining of transactions, some amounts of crypto currencies are awarded to them as bonus for contributing to the confirmation system and these bonuses are generated by the Proof of Foundation (PoF) algorithm equivalent to the common PoW used by Ethereum and bitcoin networks.

TOKEN SPECIFICATIONS

NTF holders, however do not have any voting rights on the platform involving NTY currency like mining speeds, block size upgrades or confirmation generation. The voting rights belong to just NTY holders alone.