NEXTY: THE PROSPECTIVE SOLUTION TO TRANSACTION PROBLEMS
It's no longer news that we are now in a digital world and the emergence of cryptocurrencies is changing the way we do things. However, many crypto investors have had the cause to question the validity of existing cryptocurrencies as regards proffering solutions to transaction problems.
Truly, the concept of banking has developed tremendously but we must agree that financial transactions are still riddled with flaws including inefficiency, high transaction costs and lack of maximum security.
Why Nexty Is the Solution to the Problems above
Nexty is a cryptocurrency that utilizes a new consensus algorithm known as PoF (Proof of Foundation). It supports the use of smart contracts and seeks to remove digital transaction barriers through 'Zero Fee' and 'Instant Transfer' policy. In other words, Nexty will help businesses and companies of any size to overcome e-commerce obstacles by providing a price stabilization system, allowing for quick transfer of funds and charging zero transfer fees.
What Are the Features of Nexty?
Low Volatility
Privacy & Confidentiality
Ease of Use
Instant Transfer
Low Transfer Fee
Nexty's Concept of DCCS (Dual Cryptocurrency Confirmation System)
DCCS, incorporates two kinds of cryptocurrency that work alongside each other. NTY is adapted for carrying out daily transactions while NTF is designed for transaction confirmation system.
What should be understood about Nexty's zero transaction fees is that rather than charging a fee for each transaction, the platform rewards holders of NTF with a little volume of cryptocurrency. This process will allow for zero transaction fees but operators of the transaction confirmation system will still be rewarded and payment will be made for the machinery aiding the process.
Comparison between Nexty and Other Coins
In comparison with other cryptocurrencies, Nexty proposes to be the first currency platform to offer zero transfer costs. Moreover, analysis provided by Nexty shows that the currency platform boasts the highest Speed per Transaction. Its Speed per Transaction is rated at 2 seconds and only XRP comes closer with the speed of 3.3 seconds amongst popular coins. Below is detailed information showing the result of analytical comparison between Nexty and other coins.
Cost per Transaction: NTY [Nexty] is yet the only cryptocurrency that has promised zero transfer fees. Amongst popular seven cryptocurrencies including Nexty, BTC [Bitcoin] claims the highest Cost per Transaction estimated at $1.88. The trio of DASH, LTC and BCC charge rather high Costs per Transactions in the sums of $0.39, $0.12 and $0.21 respectively. ETH charges a higher sum of $0.46 while XRP charges a pretty lower sum of $0.0004.
Speed per Transaction: While NTY [Nexty] boasts the highest Speed per Transaction (rated at 2 seconds), BCC and BTC record lower speeds of 60 minutes and 45 minutes respectively. At the rate of 3.3 seconds, XRP has the nearest Speed per Transaction to that of Nexty. Meanwhile, DASH, LTC and ETH [Ethereum] have low Speeds per Transaction rated at 15 minutes, 12 minutes and 4.49 minutes respectively.
Scalability per Transaction: Yet again, NTY boasts the highest Scalability per Transaction. At 2000 TPS, NTY beats the six other cryptocurrencies. DASH has the least Scalability per Transaction rated at 10 TPS while at 1500 TPS, XRP claims the nearest Scalability per Transaction to that of NTY.
LTC and BCC have low Scalability per Transaction rated at 56 TPS and 24 TPS respectively while ETH and BTC share the same Scalability per Transaction rated at 16 TPS.
Roadmap
The Team
Conclusion
The adoption of blockchain technology (created through a heavy-featured currency form) is giving a clear impression of Nexty as the next cryptocurrency to be embraced by all.
To learn more about the Nexty platform, visit the following links for more information
SOCIAL LINKS
TELEGRAM
EXCHANGE
ADDITIONAL LINKS
NEXTY WALLET
Coins mentioned in post:
Thanks for the infographic @coin.info
Nexty has got a lot of advantages over other platforms in terms of low transaction fees and fast transaction confirmation, So many users would be migrating to this platform soon.
This project has great potentials and so many use cases/ advantages. I hope there would be more updates regarding the project development.
When will the token sale end?
The token sale/ ICO ended some months ago. You can now get Nexty on IDAX exchange. check the write up for the link to the exchange.
Nexty stands out in terms of speed, cost and scalability when compared to other cryptocurrencies, would love to invest in nexty.
Yes, and they’ve really touched most major issues, if you would love to invest, go to IDAX exchange, you can get some nexty there. Nexty would also start trading on coinbene soon.
The invention of the blockchain has really showered in a lot of new innovations, it’s good to know there are still platforms concerned with providing solutions to the problem of high transactions fee and transactions problems
I still have to read the WP and thoroughly inspect all the aspects of the project, but it definitely seems like a winner which will thrive on the open market.
The project is goods as its embrace competition with some other good project. I hope it will be sustained at higher level to keep the standard at its best.