If you have heard of Nexty yet, you have certainly heard of the financial system of the future.
Its mantra is simple. Transactions must be made at the fastest speed
possible, with zero cost and zero hussle. At a first glance, this sounds
a bit too much to imagine at this time. We have known how the
traditional systems have worked; a lot of processes especially when
doing international transactions, significant delay times and poor
interoperability. It is easy to brush Nexty's claims off until we delve
into its systems a bit deeper.
Nexty introduces a new system called Duo Cryptocurrency Confirmation
System as its secret to providing its promised seamless service. This is
a system of two concurrent cryptocurrencies: Nexty Coin code named NTY,
and the Nexty Foundation Coin code named NTF. NTY is the main
cryptocurrency whilst NTF is the cryptocurrency only available to
investors who will own the machinery that will regulate the system. It
is important to understand the concepts of cryptocurrencies before we
proceed.
BASICS OF CRYPTOCURRENCIES
Cryptocurrencies are simply digital currencies. They use computer codes
and a special method called encryption to generate and regulate digital
forms of money.
Unlike flat currencies like dollars or pounds, cryptocurrencies are not
directly regulated by government. Currencies are produced by computer
systems using a process called mining. In simple terms, the process of
mining can be viewed as a competition between computers to perform a
given task. The first computer to achieve the task is rewarded with an
amount of cryptocurrency which is then added to the pool of digital
money available to the system. Generally, a group of people who have
satisfied given criteria are given the privilege to own these computers
used for mining and regulation.
NTY and NTF AS CRYPTOCURRENCIES
NTY is the cryptocurrency that will be used for everyday transactions on
the Nexty platform. NTF is its second currency that will be used to
offer privileges for mining and regulation. This means that only people
who own NTF can own computers that will be used to generate and regulate
NTY.
According Nexty, 1 NTF = 10,000 NTY and NTF can only be purchased at the
offering of NTY. At the moment it cannot be bought separately. Unlike
the open offering of 220,000,000,000 NTY for all, NTF will only be
available for the first 10,000,000 NTY holders. It only makes sense that
NTF will be very limited compared to NTY. This is tailored to
maintaining stability of the Nexty system because mining and regulation
will be controlled. This way investors can be at ease concerning
volatility and stability.
The most important news about the concurrency of these two
cryptocurrencies is how it is used to achieve fast transaction speeds at
very little to no cost. The system uses a calculation that generates
profits on NTF at the end of the month instead of cost for every
transaction. in effect, everyday users dont lose and investors dont lose
too. The future of financial transactions is here already; Thanks to
Nexty, thanks to its Duo Cryptocurrency Confirmation System and thanks
to NTY and NTF.
Telegram: https://t.me/nexty.io
Website: https://nexty.io