Nxt
| Last updated | 1 year ago |
| Price per NXT in USD | $ 0.0011274580254915 |
| Price per NXT in Bitcoin | 0 |
| Volume over the last 24 hours | $ 3,673 |
| Market cap in USD | $ 0 |
| Change in % over the last hour | 4.02261035 |
| Change in % over the last 24 hours | 10.06193407 |
| Change in % over the last 7 days | -13.6100249 |
NXT specifications
| Name | Nxt |
| Symbol | NXT |
| Minable | No |
| Algorithm | PoS |
| Prooftype | PoS/LPoS |
Coin description
Nxt is a blockchain platform designed for building decentralized applications (dApps) and custom blockchains. It operates on a proof-of-stake (PoS) consensus mechanism, allowing token holders to stake their NXT tokens to validate transactions and secure the network. Nxt emphasizes simplicity and modularity, making it easy for developers to create tailored solutions.
Nxt Modular Architecture
Nxt's modular design supports features like asset exchange, messaging, and voting systems, enabling a wide range of use cases. For example, businesses can use Nxt to issue custom tokens, manage supply chains, or conduct secure communications. Its emphasis on flexibility and ease of use has attracted a growing community of developers and enterprises.
One of Nxt's contributions to the blockchain space is its role in advancing proof-of-stake technology. By eliminating the need for energy-intensive mining, Nxt promotes sustainability and accessibility. Keywords like Nxt modular blockchain and PoS consensus are closely tied to this project.