As the world is expanding so are the needs of humans. Humans are no longer satisfy with the traditional means oyment anymore, which has prompted developers and innovators to come up with electronic means of executing transaction which is more fast and efficient than the traditional payment method, but on the long run as internet users keeps increasing so are the number of transaction online, most payment via electronic means now takes time to deliver, which is not good for business.
With regards to business and trades, it is a well-known established fact that the competition is wild. Be it as it may, in an undeniably interconnected world every organization or individual needs to make one or two payments in order to execute deals. Since electronic payment system such as credit card and PayPal and the rest are not as efficient enough to meet the ever-increasing transactions and sometimes it takes hours or days to execute a transaction, developing technologies like blockchain and ledger based APIs could be the focal point of an outstanding payment system.
Blockchain technology guarantees quick, secure, low-cost international payment system, using encoded disseminated ledgers that give confided verification of transactions. At first, the blockchain technology was used to support bitcoin, but on the long run, as demands keep increasing it is now used to support other applications which do not involve bitcoin, blockchain technology is now used to facilitate transactions for business, international payment execution, bank to bank transfers and financial trader applications.
Some blockchain based business payment executing services already exist, of which some are ripples and Ethereum. Which has been quite helpful when it comes instantaneous processing of payments but they are all faced with a common challenge as they tend to diminish in efficiency as the number of users and transactions increases, which will then result to high transaction fees by miners in order to process any payment and transaction congested on their network.
ABOUT NEXTY PLATFORM
Nexty is on point to ensure that business is not slowed down again due to delay in payment processing and high transaction fees ,that’s why they have built a platform which will instigate instant transfer, which means Nexty is able to process transaction in two (2) seconds, faster than previous cryptocurrencies involved in processing transactions, unlike other blockchain based processing services, Nexty is processing these transactions at an incredible speed for no cost, which means Nexty has the capability to deliver instant transfer at zero fees.
Nexty will use a special toolset called the Dual Cryptocurrency Confirmation System (DCCS) to facilitate the instant transfer, this happens at a fast pace almost immediately and can only be delayed due to internet connections. This protocol has two operating features
The NTY is the cryptocurrency and it is used for daily transactions
While the NTF is the transaction confirmation facility
TOKEN DETAILS
NEXTY held an ico which was conducted and the hard cap was reached successfully on December 19, 2017, with a total supply of 11,000,000 (110,000,000,000 NTY)
Below is the coin allocation details
Pool for Smart Staking: 4,000,000 pNTY
Dev & Team: 2,000,000 pNTY
Marketing: 1,000,000 pNTY
Minimum stake age: 7 days
Maximum stake age: 360 days
TEAM INFORMATION
Conclusion
Many internet users and traders have been clamouring for efficient payment services, with nexty platform we hope to see that the sincere desire for an effective and cheap payment system becomes a reality.
For more information on Nexty Platform, kindly visit the links below:
Website: https://nexty.io
Telegram: https://t.me/nextyio
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Medium: https://medium.com/@nextyio
Author: links
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1266433