In the recent years, Fintech has been on the rise. The usage of various information technology protocols led to the rise of the blockchain. As different studies have depicted, the surge and thriving of Fintech can get attributed to three reasons.
These fundamental reasons include; market actualization levels which promote interim thinking, premeditated contradiction present between finance and technology, together with the current finance ecosystems are quite sturdy and defiant to modification.
Nevertheless, the renaissance needs a currency platform ecosystem that features low transfer costs and short transaction time. All these requirements can always get met by implementation of the Duo Cryptocurrency Verification System that got formulated by Nexty. By making use of this system, every operation gets completed almost instantaneously, only delayed by internet connectivity, at no fees.
Dual Cryptocurrency Confirmation System (DCCS)
This protocol comprises of two distinct cryptocurrencies operating simultaneously in parallel. Nexty (NTY) is the dominant crypto-currency that gets utilized for the routine transactions. The NTF cryptocurrency gets used for transaction certification systems. These systems are designed on a similar peer-to-peer network with precise criteria to serve operational needs.
The success story in this design is that instead of accumulating fees per every transaction made, the holders of the NTF cryptocurrency get compensated after 30-360 minutes’ sealing rounds. All this process takes place without any operation fees charged while the contributor to the confirmation system gets assured of an assortment of benefits.
The POF algorithm generates all rewards and bonuses of this system. In this operation method, the pNTY is the same as 10,000 NTY. NTF is renowned as Nexty Foundation Coin while PoF is Proof of Foundation. The new harmonious algorithm got precisely designed for transaction authentication systems.
The quantity of the produced amounts gets extensively structured on the PoF algorithm that caters to all the costs incurred for the technology and personnel involved in the operation of the transaction confirmation system. Thus, it helps to confirm that both cryptocurrency characteristics are well-advanced for optimal operability.
Nevertheless, NTF possessors are not entitled in voting for NTY currency future decisions including transaction verifications, mining speeds, and block size enhancements. Only NTY owners having the air votes get charged with these obligations.
The Launch of NTF –Nexty Foundation
It got determined that for just the foremost 10 billion NTY joining the Smart Staking protocol in the opening 3 months; the 10,000 NTY existing in the wallet would automatically generate one NTF. When the three month period elapses when the NTY total supply surpasses 100 billion, the automatically generated NTF will get released into the market.
The amount of NTF created is limited to 10 million since only the first 10 billion NTY can form them. NTF holders get given exclusive rights to construct NTY mining and verification machines. It gets projected that the POW will generate only 40 billion NTY. After that number gets reached, the machine will just get involved in transaction confirmation.
Currently, many investors focus on ETH and BTC since their mining machine values fell considerably. Consequently, NTF is set to assist in using the miners via purchase or leasing.
Alternative Source of Income for NTF Holders
The PoF concept lets NTF holders only to get NTY by that particular algorithm on a monthly basis. The NTY from PoF ranges between 0.1-0.5%/month subject to the duration of their existence.
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