Nexty - The solution of transaction speed & fee

catsmile (25)in #blockchain • 6 years ago (edited)

Hello everyone ! Wish you have a nice weekend

I'm here again to introduce you guys the most special project ever. This is a project that ICO ended but I still want to present it to you.

Nowadays, when the social life increasingly develops, the technology startups and e-commerce also grow more. That is when we start getting problem : Where can funds come from to start-up ? This is when we need the Nexty project. Not only that, we should remember that the essence of Nexty is also a coin. So it doesn’t just solve the problem of startuppers, it also solves the problem of cryptocurrency world that ETH and BTC can’t handle - Transaction speed.

Please read through this review to know why I said that and at the same time you can understand more about the project. I will not write this review too long but will focus only on the main ideas so that you can capture the project in the best way. Ok let's go

Firstly, what is Nexty ?

You can simply understand that Nexty is a Fintech ecosytem based on blockchain, it will help startup companies to raise funds from community easier.
You can see that it seems similar to ETH, but actally, Nexty is more outstanding. Why ? Because Nexty have no transaction fee and no time for transaction confirmation ( the big problem of Ethereum platform )

Imagine that when you are extremely rushed and need to execute a transaction but you have to bear a long time to complete the transaction confirmation. It's really bad feeling. Time is money, waiting several hours can take away large amount of your profits! And if you don’t want to wait, you will only pay a larger fees. That is when you should choose a new currency : NTY

Hightlight of The project

DCCS & PoF

This is a review, not an academic text. So I will try to explain the project as simple as possible, so you can understand more about it.

I have read the project's whitepaper. The point that gave me special attention and perhaps the most prominent feature in the project - Dual Cryptocurrency Confirmation System (DCCS) and Proof of Foundation (PoF) - the new consensus algorithm was invented for transaction confirmation system.

Duo Cryptocurrency Confirmation System includes two types of Cryptocurrency operating in parallel. There are NTY and NTF. NTY is a coin used in the daily transaction. NTF is for transaction confirmation system. Transaction confirmation system is built on a peer-to-peer network with specific criteria to meet operational requirements. It sounds confusing, you can understand simple that thanks to this feature, the cost per transaction as well as time for per transaction will both be zero.

You can see the comparison table here:

Price Stabilization System

The second hightlight that I want to show you is price stabilization system. Next has created a very worthwhile ecosystem. Based on the above system, the price of NTY will be stable. In the long run, the target price will reach about 1 USD for each NTY in next 5 years then going to be stable. This target will be achieved thanks to algorithm of Price Stabilization System. You can be complete the trust to the system. Because at the first year, this system is controlled by a group of expert economists, then going to be managed under an automated and decentralized system.

Smart staking can be considered as a third hightlight but because it is part of Price Stabilization I will include it in this section. Using this smart staking program can help investors increase their assets periodically if they keep a minimum amount in their staking wallet. It sounds great, right ? You can rest assured that your money will be more safe when you invest in this project.

Remember that investment is always accompanied by risk, there is no 100% guarantee included. The project only helps you minimize the risk.