Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
GET RECOGNIZED
Let an ISACA® certification elevate your career.
Register today and save
You are here: Home / DST Press Releases / NXT Intros Next-Gen Cryptocurrency
DDoS Protection Powered By Verisign
NXT Launches Next Generation of Cryptocurrency
NXT Launches Next Generation of Cryptocurrency
News as reported by the company Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
JANUARY
07
2014



NXT is the NXT generation digital currency that is in a league all its own. With the first all-new 100% Proof of Stake (PoS) code base, NXT is not an alt coin based off Bitcoin code. NXT takes a different approach launching with many groundbreaking features and many more to come after the initial launch. Along with the official launch, NXT is releasing the source code to the general public.

NXT is 100% PoS which means no mining takes place in the traditional sense. Instead, NXT is earned by clients collecting transaction fees for securing the network and processing the transactions. This leads to a 100% green (low energy) "mining" that is environmentally friendly and does not waste massive amounts of electricity to maintain the network like it does with Bitcoin.

NXT is the first to offer instant transactions by utilizing Transparent Mining, a first of its kind algorithm. Transparent Mining allows NXT to have instant transactions that eliminates conformation wait times while still being extremely secure. Transparent Mining also allows NXT to reach transaction speeds comparable to VISA and Mastercard, with the advantage of NXT transactions remaining anonymous.

NXT offers other services such as the Decentralized Alias System (DNS). This allows users to register a NXT Alias that points to a Universal Resource Identifier (URI), which can be anything from a web address, NXT account number, email address, or even a phone number. If you have an Alias enabled web browser you can enter "nxt:[Alias]" which will take you to the specified URI, such as nxt:google takes to you http://www.google.com. Currently there are plugins available for Chrome and Firefox that utilize the Alias system.

Bitcoin has been described as decentralized programmable money. NXT can then be described as something akin to a decentralized programmable economy with the built in feature of money. NXT is already number six on coinmarketcap.com with an estimated value of $73.2 million. NXT starts the new generation of cryptocurrency as the first true descendant of Bitcoin.

Additional Information

To learn more: http://nxtcrypto.org
To trade NXT please go to: http://dgex.com/ ; https://nxtchg.com/
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0
NXT Source Code: http://goo.gl/PQeiPX
Press release: http://www.thenxtcoin.com/NXTOfficialLaunchPressRelease.pdf

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN DST PRESS RELEASES
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Known for its hot fries and soft-serve ice cream, Dairy Queen just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
AMD's New FX Series CPU Breaks Processing Speed Record
The new FX-8370 processor from Advanced Micro Devices has set a record for silicon processor speed, the company announced. Overclocked, the eight-core chip was measured at 8722.78 MHz.
 
Intel Intros Lightning-Fast PC Processors
Call it extreme. Intel just took the covers off its first-ever eight-core desktop processor, which is aimed at hardcore power users who expect more than the status quo from their computers.
 
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 

Mobile Technology Spotlight
Rumor Mill Puts Mobile Wallet in iPhone 6
Apple is moving toward the mobile wallet world with its next iPhone. The tech giant has partnered with retailers, banks and major payment networks to make it happen, according to Bloomberg.
 
Will iPhone Finally Catch Up with NFC Mobile Payment Ability?
Apple's latest version of the iPhone may have a mobile wallet to pay for purchases with a tap of the phone. The iPhone 6 reportedly is equipped with near-field communication (NFC) technology.
 
Visual Search To Shop: Gimmick or Game Changing?
Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.