Nano and Nexty: are they real and practical alternatives to cash? Let’s find out!
Blockchain is no longer a trendy geek! Bitcoin revolutionized the way many of us saw currencies, ledgers, money transfers and transactions. The beauty of all virtual currencies is that almost every one of them tries to solve a problem. And this is where our interesting coin – Nexty – comes into play. During the recording, the similarities of the Nexty platform will be compared with the Nano – XRB to better understand this platform.
In very simple terms, the Nexty platform is presented as a transaction system that eliminates the concept of transaction fees while providing ultra-fast transfers for the convenience of users. In addition, transfers are very fast because transactions do not require miners to perform confirmations, as is the case with other virtual currencies such as Bitcoin, etc.
However, according to a document published by Nexty’s creators, Nexty’s primary use is for newly established e-commerce companies to help secure government funding. With no transactions, super-fast transfers (2 seconds! And it’s pretty much real-time), and no confirmation fees, fundraising will be less of a hassle. The coin is surgically targeting e-commerce stores because it will create an ecosystem where these stores will accept NTY coins from buyers.
The concept behind NTY is to make daily online trading seamless. The team behind NTY consists of Blockchain developers and well-known marketers. 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, reducing latency for fast transfers. In addition, XRB is energy and resource efficient and does not need a high-end graphics system to execute transactions. However, Nano does not come with smart contract capability. Smart contracts are designed to exchange triggers for any cryptocurrency. These contracts facilitate the exchange of funds, real estate, stocks, or any tangible or intangible object of financial value. Smart contracts also displace the need for brokers while moving our crypto into a flawless exchange asset. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another important feature of the Nexty platform is its integration with existing e-commerce applications such as Joomla. According to the developers of NTY, the integration takes 3-4 hours at most.
To achieve NTY’s supply and demand balance, the platform comes with a built-in smart bidding program. This program offers bonuses and credits for buying, selling and maintaining Nexty. The system is intended for both investors and everyday users.
The capabilities of the Nexty and Nano platforms are enormous. Just imagine a world where crypto replaces regular wallets and transactions happen fast! For example, if a store owner accepts bitcoins, they may not transfer goods and services to you until the transaction is verified by a number of minors. Now reimagine paying for goods and services through a currency that transfers quickly with zero transaction fees, regardless of minor validations!