Nxt is an advanced blockchain platform which builds on and improves the basic functionality of pioneering cryptocurrencies such as Bitcoin.Cryptocurrency and financial systems are the first widely used applications of blockchain technology, but the blockchain and its associated technology can be used for so much more.Nxt revolutionises the financial technology, crowdfunding and governance industries by providing not only the groundbreaking NXT crypto-currency, but also a powerful, modular toolset to build with in any way Nxt users can imagine.Nxt gives users complete freedom to create their own applications.Nxt NXT / BTC 0.0000681 My Funds • Total Estimation ￥ or $ or ฿ Note: Estimated based on market rates • My Funds+More Type Balance In Orders Total LTC 0 0 0 BTC 0 0 0 NXT 0 0 0 • Operations+More Nxt (NXT) Info ▦ Release date: ▦ Total coins: ▦ Supply: ▦ Market Cap: ▦ Algorithm: ▦ Block time: ▦ Block Number: ▦ Retarget: ▦ Proof: ▦ Intro: Nxt is the first 100% Proof-of-Stake (PoS) currency.

Coins are earned solely by charging transaction fees.Unlike other currencies with PoS mining, Nxt's PoS mining does not cause monetary inflation.The total amount of Nxt in circulation is 1 billion.Nxt is resistant to +90% attacks via its transparent mining algorithm.Deposit: Withdraw: Trade: 5 min 15 min 30 min Hourly 8 hour Daily Candlestick Line Highest bid price BTC/NXT Your balance 0.0000 NXT Obtainable 0.0000 BTC Price BTC/NXT Amount NXT Total BTC Fee 0NXT Lowest ask price BTC/NXT Your balance 0.0000 BTC Obtainable 0.0000 NXT Price BTC/NXT Amount NXT Total BTC Fee 0BTC Price Amount(NXT) Total(BTC) Price Amount(NXT) Total(BTC) Hide Depth Graphic SellSellSellBuySellSellBuyBuyBuySellSellBuyBuyBuyBuyBuyBuyBuyBuyBuyBuyBuySellBuyBuyBuyBuyBuyBuyBuy CNY Markets BTC Markets ETH Markets Low Liquidity Type Price 24h % /CNY↓-0.85 %/BTC↓+41.50 %/BTC↑-0.09 %/BTC↑-3.51 %/BTC↑+10.37 %/BTC↑-6.12 %/BTC↑-11.33 %/BTC↓-4.32 %/BTC↑-1.40 %/BTC↓-3.64 %/BTC↓+5.54 %/BTC↓+4.17 %/BTC↑-1.22 %/BTC↓+0.60 %/BTC↓-5.91 %/BTC↓+13.17 %/BTC↑+11.75 %/BTC↑+5.30 %/BTC↓+0.01 %/BTC↑+16.67 %/BTC↑+15.10 %/BTC↑+0.00 %/BTC↑+0.00 %/BTC↓+0.00 %/BTC↓+0.00 %/BTC↓+0.00 %/BTC↑+0.00 %

Nxt is an open source cryptocurrency and payment network launched in November 2013 by anonymous software developer BCNext.It uses proof-of-stake to reach consensus for transactions—as such there is a static money supply and, unlike bitcoin, no mining.Nxt was specifically conceived as a flexible platform around which to build applications and financial services.[3]bitcoin 11th march 2017It has an integrated Asset Exchange (comparable to shares), messaging system and marketplace.ethereum miner motherboardUsers can also create new currencies within the system.mt4 with bitcoinThe last major release enabled Multisignature capabilities and a plugin-system for the client.[4]bitcoin billionaire online hack

Nxt has been covered extensively in the "Call for Evidence" report by ESMA,[5] to which the Nxt community responded in July 2015.[6]Contents 1 2 3 4 5 6 7 8 member BCNext created a forum thread announcing the proposed launch of Nxt as a second generation cryptocurrency and asking for small bitcoin donations to determine how to distribute the initial stake.aeon bitcoinOn 18 November 2013 fundraising for Nxt was closed, with 21 BTC raised.[7]ethereum trade graphThe genesis block was published on 24 November 2013.sf hidden bitcoinIt revealed that 1,000,000,000 coins had been distributed to 73 stakeholders in proportion to their level of contribution.[2]buy litecoin mining rig

The source code was partially released on 3 January.The full source code was released on 1 March 2014 under the MIT License.[8]Just as with bitcoin, the blockchain is at the core of this currency.But Nxt is written completely from scratch[9] and has departed in several ways from existing cryptocurrencies.Most notably, in one of his founding statements, BCNext asked the community not to consider the NXT coin as the important part, but rather to create currencies on top of it[10] - possibly devaluing the core currency.bitcoin mining laptop gpuNxt is coded in Java.Nxt was the first currency to rely purely on proof-of-stake for consensus.Allowing a block creation rate of roughly one minute.[11]The standard client works as a brain-wallet: Instead of storing keys in a wallet file, security works via a secret passphrase.This means it can be accessed from any instance of the Nxt software.The standard client is running in web browsers (Russian version pictured).

[] The core structure and the client features are aimed at facilitating external development.While bitcoin uses hashing power as proof for verifying transactions, Nxt works with the stake-size the user owns.Block authors are selected in a practically random manner, with greater amounts of stake increasing the likelihood of adding a block to the chain.[1]While in the case of bitcoin the cost of investing in mining gear serves as an incentive not to attack the network, anyone seeking to attack Nxt would in the process necessarily reduce the value of their personal coin holdings.This effectively avoids the security issue of a miner gaining more than 50% of the hashing power and attacking the network.[13]Since Nxt has an unchanging coin supply, no new units are created for block rewards.Instead the transaction fees are passed on.After owning Nxt for about one day (1440 confirmations),[14] the Nxt software will begin to contribute to the block generation process and can potentially earn coins for as long as an account is "unlocked".

At the moment Nxt is open to attack if any account has 51% of the total coin supply that is forging.[15]As outlined in the founding statements[10] future versions of Nxt will include "transparent forging", a process which allows the software to predict which accounts will forge upcoming blocks.This is basically done by iterating through all active accounts and seeing which one has the highest "hit".Transparent forging rapidly increases transaction processing, since the account that will forge the next block is known.Another benefit of this feature is that accounts that are due to forge, but do not, will be penalized by having their forging power temporarily reduced to zero.This raises the threshold for an attack to 90%.[15]The Proof-of-Stake algorithm requires little computation and energy, and can run on smartphones and small devices like the Raspberry Pi platform.The core infrastructure of Nxt is complex.This adds risks as compared to the more lean bitcoin, but makes it easier for external services to be built on top of the blockchain.[3]

Screenshot of the SecureAE Asset Exchange window A peer-peer exchange allowing decentralized trading of shares, crypto assets.Since the blockchain is an unalterable public ledger of transactions, the Asset Exchange provides a trading record for items other than Nxt.To do this, Nxt allows the designation or "coloring" of a particular coin, which builds a bridge from the virtual crypto-currency world to the physical world.The "colored coin" can represent property, stocks/bonds, commodities, or even concepts.[16][17]Most of the assets available at the platform represent shares of cryptocurrency-related startups.[18]Arbitrary Messages enable the sending of encrypted or plain text, which can also function to send and store up to 1000 bytes of data permanently, or 42 kilobytes of data for a limited amount of time.As a result, it can be used to build file-sharing services, decentralized applications, and higher-level Nxt services.[5]The Alias System feature of Nxt essentially allows one piece of text to be substituted for another, so that keywords can be used to represent other things – names, telephone numbers, physical addresses, web sites, account numbers or emails.

This would for example allow for a decentralized DNS system similar to Namecoin.[19]Allowing holders of the currency or Nxt-Assets to vote in a cryptographically proven and externally verifiable way.This can be used for future development decisions, or for shareholder voting.It can also be applied to public elections and community based decision-making.[4]A plugin running on NXT test-net, that will allow easier crowdfunding.The standard Nxt client supports the installation of plug-ins.This makes it possible for external developers to add features or usability enhancements.The plug-ins are not contained in a sandbox.[20]Implemented in version 1.4.8,[21] the Monetary System allows the creation of currencies on the Nxt blockchain.[22][23]These coins are backed by a specified amount of NXT, which can be redeemed if necessary.The possible properties range widely - including different models of inflation, exchange and the use of Proof-of-Work as distribution system.[24]The latest client (1.5) supports a method (named Phasing for Nxt) for requiring specific conditions for executing a transaction.[4]

Such as approval of multiple accounts or the passage of an interval of time.It is proposed that one could attack any Proof-of-Stake currency with zero costs.[25]There are several proposed attack vectors.These include attempting to build blocks in every fork in the network, because doing so costs them almost nothing and ignoring any fork may mean losing out on the block rewards that would be earned if that fork were to become the chain with the largest cumulative difficulty.Since Nxt had no mining phase, all initial units were released to 73 people through a one-time fund raiser via bitcoins, after the announcement of the NXT project in the bitcointalk-forums by its inventor BCnext.[26]To access an account, the user types a password or a passphrase from which a private key is calculated, unlike bitcoin, where private keys are typically stored in a wallet file and not directly visible to the user.[]On 18 September 2015, Wall Street investor Brian Kelly announced he would be investing in the Nxt-based platform Drachmae, which has as its aim the revitalisation of the local economy of the Greek Island Agistri.[27]