The cost of transactions in the Nexty network

Bitcoin’s incredible popularity has led to all issues like slow transactions, constantly growing commission fees and long waits for the transactions confirmation. In fact, many classic coins like Ethereum or Monero have the similar issues. 

Why do we need a new cryptocoins for daily transactions? 

I strongly believe that our huge community of traders, investors and crypto-enthusiasts needs innovations and new approaches along with new coins capable of solving all the above-mentioned problems. I, as a business owner, want my customers to be able of accepting and receiving payments in cryptos and fiat money via the reliable, fast and preferably cheap blockchain platform. 

Nexty can become one of such new coins that may replace not just Bitcoin, Ethereum or other cryptos, but also be as huge as PayPal someday. Just give it time. To encourage you supporting the Nexty platform I am going to tell how this service works and what to expect from it. 

Comparison of Nexty’s costs and other networks 

When it comes to transactions’ cost, I mean commission fees that are different for every network (just like in banks), you and me choose the platforms where we have to pay less. And Bitcoin is definitely losing from this point of view, as well as Ethereum and similar huge cryptos. Because these classic networks are so overloaded that have to raise commission fees more and more in order to control their blockchain. Nexty uses another system for confirmation and fuel of all transactions in its blockchain. 

This is the Dual Cryptocurrency Confirmation System based on NTF and NTY coins. Subsidiary NTF coins via the algorithm of Proof of Foundation confirm all transactions in NTY tokens. The same system also rewards all NTY holders each month – this process happens automatically. 

What is not happening automatically is the control over the price, supply and demand NTY’s tokens. To make their tokens more stable and less volatile on international exchange services, the group of financial experts under the title Price Stabilization System will control the token’s behavior. 

But what makes the Nexty Coin truly unique compared to other cryptocurrency network is not even speed of transactions happening due to the revolutionary algorithms, but absence of any commission fees. I want to remind you some commission fees charged in the biggest cryptonetworks:

• Bitcoin charges $28.23 cents per most transactions. Users really pay $28 on average to transfer BTC in the network. I saw on Twitter how a person claimed he had to pay $16 fee to transfer $27 worth of BTC from one Bitcoin wallet to another. And exchange rates can be even higher;
• Ethereum charges $0.96 per every transaction;
• Dash – $0.64.

Nexty charges zero for all kinds of transactions – small and huge operations. You will always send only the sum of NTY tokens you want to transfer, without additional or hidden fees. This is why the Nexty transactions are truly unique and potentially great. I want to support this project in the new few years for sure, because I want them to grow big and fulfill all commitments they stated in the roadmap. 

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