How it works- NEXTY❔

lion110 (25)in #nextycoin • 6 years ago

Nexty Specifications

The blockchain infrastructure technology got invented to solve various challenges that came up in the rise of the internet era. The blockchain is gradually getting incorporated in almost all industries to enhance the day-to-day modes of mobile payments and business operations. Since the invention of Bitcoin in 2009, other blockchain technologies have been launched.

Nexty is among these new blockchain technologies that are designed to improve the experience and security of users as they transact via the internet. The Nexty cryptocurrency is named NTY. It is a Fintech network that assists technology and all e-commerce start-ups to get funds from the community.

This protocol has several fundamental features that include Duo Crypto Currency, Nil Transaction Fees, and Instant Transfers. In the Dual Cyptocurrency Verification Protocol, a pair of cryptocurrencies gets involved in transactions, and they operate in parallel simultaneously. Nexty gets recognised as the core cryptocurrency that gets involved in the routine operations on a daily basis.

On the other hand, the Nexty Foundation dubbed NTF cryptocurrency is functional in transaction verification systems. The DCCS (Dual Cryptocurrency Confirmation System) introduces these coins to the thriving e-commerce industry to fortify their methods of payments.

Whenever a contract gets initiated, DCCS instantaneously processes all NTY transactions without any fees incurred. NTF is used up in the verification of all NTY transactions, and NTF owners get rewarded on a monthly basis instead of getting instantaneous substantiation fees as it is the norm with all other cryptocurrencies. Only recognized NTF holders have the rights to mine NTY, and the overall NTF market supply is restricted to only 10,000,000.

The worth of NTY increases due to its community approval features, popularity, and ecosystem expansions. More companies and business owner are implementing Nexty in their Fintech business solutions. The Nexty protocol thrives on the Proof of Foundation consensus algorithm that makes it secure and reliable for instant transactions at zero fees.

Nexty Particulars

The presale date of NTY Coins was December 12, 2017, while the ICO date was the 19-12-2017. The whole amount of coin supply that got floated in the market for the scheduled ICO was 11 million pNTY that translates to 110 billion NTY. The pool that got secluded for Smart Staking was 4 million pNTY.

2 million pNTY got set aside for the Dev & Team while the marketing segment was given 1 million pNTY. The smallest stake age is seven days while the maximum duration for the stake age is three hundred sixty days. Block spacing incorporated in Nexty transactions is set at two seconds.