Nexty Platform: The Messiah For A Bright Future Payment

INTRODUCTION
Sometimes last month I was involved in a home questionnaire survey on which money transfer payment method was better, having various transfer payment method on the questionnaire I found my Jaw-dropping because 60% ticked on the ‘None of the above’ box. After so many research, findings and reading people’s comment on transfer payment policy, I discovered most people were knackered and they needed ‘a Messiah’.

The rapid development of Blockchain Technology has reached the financial sector and has acted as a catalyst in setting up the use of cryptocurrency or its involvement in banking and financing. Blockchain Technology with the use of cryptocurrency over the years has been beneficial in providing a fast transfer method, low transfer fees, and a good price system. But there still exists a bright future for daily transaction and that’s the Future Payment which gives people the advantage to make a purchase without cash, at any location and at any specific time with no transaction fee.

CURRENT PROBLEM
A Messiah? For what? Deloitte released a survey from the World Economic Forum Annual Meeting in Davos and it showed that two-thirds of the world population are into Business either organizational owned or individually managed and they feel hopeful this number would increase in the nearest future. But it’s inevitable to say businesses and individual have not found a really convenient payment method. The difficulty of facing long payment time which could take 1-3 days, Very high charges and high security of such payment method have made business owners and people seek for a Messiah.

NEXTY PLATFORM AND WHAT IT BRINGS
Nexty is a technological currency platform visioned to provide an instant transaction time, zero transfer cost bringing about a resurgence in banking and financing and also building a secure payment gateway. Nexty brings to the table a payment system for the future which would provide
• fast transaction payment
• low charges fee
• confidentiality and commitment to privacy
• low volatility
• simple to use

Nexty hopes to build a convenient payment method by working together with some banking organizations. To achieve this, Nexty would build a very active service network through its connection with Nexty’s technological system. The platform would support business of all types and also provide capital and loan using the Nexty’s own token system

THE FRAMEWORK
Having considered as a standard rise in technology in payment, Nexty has a set of ideas or facts that provides support to its system.
Duo Cryptocurrency Confirmation System (DCCS) and the Proof of Foundation (PoF) this unique system play a major role in the Future payment, with the former allowing all transactions to be transferred in near-instant (only delayed due to internet connection) at no cost. DCCS includes two specific types of cryptocurrency operating in parallel. NTY, the main cryptocurrency used in daily transaction and NTF, the transaction confirmation system built on a peer-to-peer network. This will allow a zero transaction fee and also benefits holder of the NTF. The PoF is a consensus algorithm invented for transaction confirmation system, it will help to ensure that the NTY and NTF work properly.

NEXTY TOKEN
Nexty platform would provide the use of NTY which would be used to access the smart contract and carry out other transaction. There would be a total supply of 22 billion NTY, with a future price of 1 USD/ NTY. The will also be an initial supply of 10 million which would be available for previous holders of the pNTY supplied during ICO. NTF would be available on August 12, 2018.

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AUTHOR
Bitcointalk username: Dulowegner
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account