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Over the last few years cryptocurrencies were changing the whole concept of personal finance and online payment systems. I got used that cryptos were controversial, criticized, applied by criminals and related only to negative issues.
Right now cryptos are getting out of shadows – more and more huge corporations start dealing with the most popular crypto-platforms like Bitcoin, Ethereum, etc. But more popularity brought more problems including slow transactions, long waits for the confirmation and increasing commission fees for internal operations.
Nexty offers the alternative to classic cryptocurrency payments
Nexty struggles to solve all these problems with a few simple solutions. First and foremost, this company plans to provide free and very quick transactions of any sizes in their network.
Such transactions are possible thanks to the innovative Dual Cryptocurrency Confirmation System created by this group of incredibly talented Vietnamese blockchain developers. The system is very simple, based on 2 different tokens – NTY and NTF - that fully supply and confirm all transactions initiated in the network.
Also, the team promotes their services and software in a very active way. On the official website you can find the detailed reports from all visited events in London, Moscow and many European and Asian countries.
The impressive presentation of Nexty in Moscow
For example, one of the attendants of World Blockchain and Cryptocurrency Summit 2018 that was held in Moscow this spring shared one of the reports dedicated to this unique . The Nexty team managed to impress everyone (remember one of the first episodes of Silicon Valley?) with their new technology. Their software along with unique blockchain offers a truly different payment solution with practically instantaneous transactions and absent commission fees.
Thanh Dao, the Nexty’s co-founder and CTO, presented the new payment method that is equally good for ecommerce businessmen and end users. He offered to install the recently released mobile app for Android (called Nexty Wallet), register a unique address (wallet) and send NTY tokens. Thanh chose one of attendants and sent him 10,000 NTY (1 pNTY) to his wallet from his Android smartphone via the same app. In 2 seconds the visitor received the coins to his mobile wallet. Such demonstration surprised all visitors because it is very superfast speed, compared to Ethereum and Bitcoin.
Another great feature, of course, is absence of any transaction fees, even for internal exchange operations. Node owners of the Nexty’s blockchain will earn money in another way – by getting the monthly block rewards.
The main coin NTY remains completely stable and inflation-safe. Right now the inflation of NTY tokens is minimal – during the first year it is 5% (annual), but with the start of genesis block generation this number will gradually reduce to 1,5% in the next 5 years. Thanh explained that the supply and demand, as well as volatility and inflation of NTY tokens (that are already listed on the exchange service IDAX), are provided by the group of experienced financial specialists and the semi-automatic Price Stabilization System.
Their approach is really something new, at least, for me. I have never thought that cryptotransactions can be that fast and completely free. Their Moscow’s report impressed me enough to buy their NTY tokens and join the Smart Staking Program.
https://bitcointalk.org/index.php?action=profile;u=1786902 (Ganthisc)