Blockchain is no longer a fashionable geek talk! Bitcoin has completely changed the way many of us view currencies, ledgers, transfers and transactions. The beauty of all virtual currencies is that almost everyone is trying to solve a problem. This is where the token we are interested in, Nexty, comes into play. During the writing process, we will compare the similarity between the Nexty platform and Nano-XRB to better understand the platform.
Simply put, the Nexty platform is positioned as a trading system that eliminates the concept of transaction fees while guaranteeing ultra-fast transfers for the convenience of the users. In addition, the transfer speed is very fast as the transaction does not need to be confirmed by the miner like other virtual currencies like Bitcoin.
However, according to the white paper released by the creators of Nexty, Nexty’s main goal is to help raise public funds for newly established e-commerce companies. Without transactions, ultra-fast transfers (2 seconds! and near real-time) and confirmation fees, fundraising becomes less difficult. The tokens are aimed at e-commerce stores as this will foster an ecosystem that will accept NTY tokens from shoppers.
The idea behind NTY is to make everyday online transactions run smoothly. The team behind NTY consists of blockchain developers and mature marketers. Some team members have 10-12 years of experience in full-stack development and marketing.
Some of you might argue that Nano, formerly known as Railblocks, XRB, already performs the same functions as NTY. The XRB coin is a bit unique in that it uses its own block data structure. Therefore, each Nano account has its own blockchain, which can reduce the delay of fast transmission. Moreover, XRB has strong power and resource efficiency and does not require high-end GPU systems to execute transactions. However, Nano has no smart contract functionality. Smart contracts are designed to activate any cryptocurrency exchange. These contracts facilitate the exchange of funds, real estate, stock or any tangible or intangible entity of financial value. Smart contracts also eliminate the need for brokers while perfectly exchanging our cryptocurrency at the same time. Apart from this difference, NTV and XRB (Nano) are more or less the same. Another key feature of the Nexty platform is its integration with existing e-commerce applications such as Joomla. According to the developers of NTY, the integration can take up to 3-4 hours.
To balance NTY supply and demand, the platform has a built-in smart staking program. The program offers bonuses and points for buying, selling and holding Nexty. The system is suitable for both investors and everyday users.
The possibilities of the Nexty and Nano platforms are enormous. Imagine a world where cryptocurrency replaces traditional wallets and transactions are fast! For example, if a shop owner accepts Bitcoin, he may not provide goods and services to you until the transaction is confirmed by some minors. Now re-imagine the fast transfer of a currency, zero transaction fees, independent of any minor verification to pay for goods and services.