What is NXT? Detailed introduction to NXT coin online trading platform and total amount

NXT, a blockchain platform established in 2013, utilizes Proof-of-Stake consensus, asset exchange, and blockchain messaging for secure transactions.

Oct 02, 2024 at 02:24 am

What is NXT?

NXT is a decentralized cryptocurrency and blockchain platform launched in 2013. It was created by a group of developers led by software engineer Johan Gevers. NXT is known for its advanced features and strong community support.

Key Features of NXT:

1. Proof-of-Stake Consensus: NXT uses a Proof-of-Stake (PoS) consensus mechanism to validate transactions and secure the network. This makes it more energy-efficient than Proof-of-Work (PoW) cryptocurrencies like Bitcoin.
2. Asset Exchange (AE): NXT introduced the first decentralized asset exchange allowing users to create and trade custom assets on the blockchain. These assets can represent real-world assets such as stocks, real estate, or even digital collectibles.
3. Monetary System (MS): NXT's Monetary System allows users to create and manage their own currencies on the blockchain. These currencies can have their own exchange rates, inflation rates, and distribution mechanisms.
4. Blockchain Messaging: NXT pioneered the concept of blockchain messaging, allowing users to send encrypted messages within transactions. This provides a secure and immutable communication channel.
5. Smart Contracts: NXT supports the development and execution of smart contracts, which are self-executing programs that can automate actions on the blockchain.

NXT Coin Trading Platform:

NXT coins can be traded on various online exchanges, including:

1. Bittrex
2. Poloniex
3. HitBTC
4. Upbit
5. KuCoin

Total Amount of NXT:

The total supply of NXT coins is capped at 1 billion. As of September 2023, approximately 950 million NXT coins are in circulation.