Nano and Nexty: Are These the Real and Practical Cash Alternatives? Let’s find out!
Blockchain is not trendy geek talk anymore! Bitcoin has revolutionized the way many of us see currencies, ledgers, money transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to address a problem. And this is where our interesting coin – Nexty – comes into play. At the time of writing, the similarity of the Nexty platform will be compared with the Nano – XRB to get a better understanding of this platform.
In very simple terms, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fee while ensuring ultra-fast transfers to facilitate its users. In addition, transfers are extremely fast, as transactions do not require miners to perform confirmation, as is the case with other virtual currencies such as Bitcoin, etc.
However, according to the white paper published by Nexty’s creators, Nexty’s primary use is for e-commerce startups to help generate public funding. Since there is no transaction, ultra fast transfer (2 seconds! And it’s almost real time) and confirmation fee, fundraising will become less. The coin is surgically targeting e-commerce stores because it will cultivate an ecosystem where these stores will accept NTY coins from buyers.
The concept behind NTY makes daily online transactions a smooth experience. The team behind NTY consists of Blockchain developers and established traders. Some of the team members have ten to 12 years of experience in full stack development and marketing.
Some of you may argue that Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its own block-lattice data structures. Because of this, each Nano account has its own blockchain, which reduces latency for fast transfer. Furthermore, XRB is energy and resource efficient and does not need a high-end GPU system to execute a transaction. However, Nano does not come with smart contract capability. Smart contracts are designed to exchange triggers for any cryptocurrency. These contracts help to exchange funds, real estate, shares or any tangible or intangible entity with financial value. Smart contracts also remove the need for brokers while bringing our cryptocurrency to a seamless asset exchange. Other than this difference, NTV and XRB (Nano) are more or less identical. Another key feature of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to the NTY developers, the integration takes a maximum of 3-4 hours.
To balance the supply and demand of NTY, the platform comes with a built-in smart betting program. This program offers bonuses and credits when you buy, sell and hold Nexty. The system is designed for both investors and everyday users.
The capabilities of the Nexty and Nano platforms are immense. Just imagine a world where crypto replaces conventional wallets and transactions are fast! For example, if a store owner accepts BitCoin, he may not hand over the goods and service to you until the transaction is verified by several minors. Now reimagine paying for goods and services using a currency that transfers quickly with zero transaction fees regardless of any minor checks!