Nexty is a convenient cryptocurrency
Many people think that the Nexty platform is very similar to other crypto-currencies, such as Ethereum, but it's not. This project is interesting for its unique technical solutions and has advantages that others do not. What are these advantages? First, this is the only cryptocurrency that does not need commission fees. Second, all transfers in this currency are instantaneous. It should be noted that other cryptocurrencies do not have these advantages, and therefore it is inconvenient to use them for ordinary payments for ordinary things: they are used to store or invest money.
The reason why Nexty is convenient
The inconvenient exchange rates of those other cryptocurrencies do not contribute to their convenience either. Classic cryptocurrencies are known for high rates, which requires very small fractional values for small purchases. For example, a commodity worth one dollar or less is very difficult to buy for a classic cryptocurrency. Nexty does not have this problem, since the rate of the currency's token is convenient and low, and it is not planned to make it higher than one dollar per token.
Let's try to compare Nexty with competing projects. For comparison, we can take those projects in which there is a high speed of transfers and low commissions. However, even if we compare Nexty to such projects, it will still look in a favourable light in comparison to them. Even if the competitor offers fast transactions, Nexty offers instant transactions. Even if the competitor offers cheap transactions, Nexty offers them free of charge.
All the advantages of Nexty are designed for the fact that this technology will be used by businessmen who are trying to create Internet startups. The concept of "Internet startup" is very popular among hipsters who dream of becoming rich, everyone believes that if they offer some technology, they will collect millions as an investment and get rich. However, in fact, there aren’t many people who became rich this way. One of the reasons, as the creators of Nexty consider, is the lack of a convenient method of collective financing. Nexty offers such a method.
The technology that makes it work
The essence of Nexty and the technology on which the advantages of this platform are based is using two currencies instead of one. The first one is called NTY, and the second is NTF. The NTY token is intended as the main currency that a regular client will use, and the NTF token is an auxiliary service unit that is controlled by the software package through which transactions are made. The network of transactions is peer-to-peer, there are no servers in it. The same software is installed on each computer that is part of the Nexty network; this software remunerates the client for transactions every month. This remuneration replaces commission fees, which allows the system to do without them. In addition, thanks to such a system, a stable rate is achieved, not subject to ups and downs; confidentiality and security of all transactions are achieved as well.
In essence, the end result is a convenient, secure and stable system of electronic payment that does not require any banks or centres which issue the coin. The advantages of cryptocurrency and fiat currency are rolled into one.
Project links:
WebSite- https://nexty.io
Whitepaper- https://nexty.io/nexty-whitepaper.pdf
Bitcointalk ANNThread: https://bitcointalk.org/index.php?topic=2498919
Telegram- https://t.me/nexty_io
BlogMedium- https://medium.com/@nextyio
Facebook- https://facebook.com/nextycoin
Twitter- https://twitter.com/nextyio
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