The Nexty. The modern eco-system for user payments and business

sherwood (53)in #payment • 6 years ago

Nowadays, the largest e-commerce systems are widely integrating technology solutions based on blockchain networks, that significantly accelerate the conduct of user transactions and have the highest level of protection of customer data. One of the common drawbacks of the blockchain platforms is the slow speed of transactions, especially in the most well-known networks, for example, within the Bitcoin or Ethereum blockchain networks. Because of the high workload of networks, sometimes you have to wait for several hours or even days, while the funds from one wallet will reach the other. The top-level cryptocurrency projects have turned into huge private money-mining factories and are no longer suitable for supporting regular digital payments and further integrating as the common payment platform for the Internet of Things e-commerce sites. For popular electronic platforms, the optimal choice will be integration with less loaded projects, that work on more modern algorithms and are developed taking into account the current needs of cryptocurrency market auditory and private business within the Internet of Things network.

One of these projects is the Nexty start-up. The platform of the same name offers users an instantaneous speed of payments, even with the maximum load on related blockchain network. The results of public tests, which were held in the spring of 2018, show record results — even with the maximum load capacity of the blockchain platform, the transfer from one wallet to another takes only a few seconds. This fact makes the Nexty project an ideal solution for implementation in popular e-commerce systems. Considering the fact that after the implementation of the ILC, developers will release their own software on the market, which can easily be integrated into such popular commercial networks, as Shopify and Magento, the prospects for the Nexty platform are quite optimistic.

The unique dual cryptocurrency system

A distinctive feature of the platform is not only the instantaneous execution of user transactions. For the balance of price and the correct operation of the Proof of Foundation algorithm, two separate cryptocurrencies operate within a single project. Thus, NTY tokens are the main cryptocurrency for payments and transactions via the Nexty ecosystem. It is in terms of these tokens that funds are transferred between the users' electronic wallets. In addition, every certain time period the user receives a certain amount of NTF tokens, which are charged depending on the activity of the user and on the amount of NTY tokens on his digital account.

Given the ease of integration with various commercial platforms, the introduction of two different cryptocurrencies on the same platform allows you to save funds for not only the owners of commercial platforms and private online stores but also for customers. Making transactions in terms of NTY tokens, each month you will receive a part of your funds back in the form of bonus accruals of NTF tokens. In addition, in the future, along with the release of the requirements for mining of cryptocurrency, only holders of NTF tokens will be allowed to produce cryptocurrency. This will allow the distribution of the release of new units of project’s cryptocurrency between the most active participants in the electronic payment system, so it will positively influence the balance of the price of tokens of the Nexty project.

Exchange rate as at 19.06.2018