Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Press Releases
24/7/365 Network Uptime
Average Rating:
Rate this article:  
NXT Launches Next Generation of Cryptocurrency
NXT Launches Next Generation of Cryptocurrency

 
January 7, 2014 4:23PM
NXT Official Launch - NXT Generation of Cryptocurrency Begins Now -- Being the first of its kind, NXT breaks alt coin history by being 100% new Proof of Stake (PoS) code, 100% green, completely decentralized, and fast. NXT offers cutting edge features such as instant transaction confirmations, decentralized DNS/Trading, and Transparent Mining.
 


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:

Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
What Verizon's Data Breach Report Can Teach Enterprises
It’s probably not a jaw-dropper, but cyberespionage is officially on the rise. And the use of stolen or misused credentials is still the leading way the bad guys gain access to corporate information.
 
Top Cyberthreats Exposed by Verizon Report
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 
Where Do Web Sites Stand, Post-Heartbleed?
A security firm says the vast majority of Web sites have patched themselves to protect against the Heartbleed bug, but now there are questions raised on the reliability of open-source programs.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | 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 | XML/RSS Feed

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.