Nano and Nexty: Are these the real and practical alternatives to money? Let’s find out!
Blockchain is no longer a modern fairy tale! Bitcoin is revolutionizing the way many of us see currencies, ledgers, funds transfers, and transactions. The beauty of all virtual currencies is that almost every one of them is trying to deal with 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 to the Nano – XRB to gain a better understanding of this platform.
In very simple words, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fee, while guaranteeing extremely fast transfers to facilitate its users. In addition, transfers are extremely fast, as transactions do not require miners to perform confirmation, as in the case of other virtual currencies such as bitcoin and others.
However, according to a white paper published by the creators of Nexty, the main use of Nexty is for start-up e-commerce companies to help generate public funding. Since there is no transaction, ultra-fast transfer (2 seconds! And this is almost real time) and a confirmation fee, fundraising will become less inconvenient. The coin is surgically targeted at e-commerce stores because it will cultivate an ecosystem in which these stores will accept NTY coins from buyers.
The concept behind NTY makes everyday online transactions a smooth experience. The team behind NTY consists of Blockchain developers and established marketers. Some team members have ten to 12 years of experience in full stack development and marketing.
Some of you may argue that the 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. Therefore, each Nano account has its own blockchain, which reduces the latency for fast transfer. In addition, the XRB is energy and resource efficient and does not require a high-end GPU system to execute transactions. However, the Nano is not offered with the option of a smart contract. Smart contracts are designed to exchange triggers for each cryptocurrency. These contracts help to exchange funds, real estate, shares or any tangible or intangible entities with financial value. Smart contracts also eliminate the need for brokers as they carry our cryptocurrencies for seamless asset exchanges. Apart from 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 NTY developers, integration takes a maximum of 3-4 hours.
To achieve a balance between supply and demand of NTY, the platform comes with a built-in smart betting program. This program offers bonuses and credits for buying, selling and retaining Nexty. The system is designed for investors and everyday users at the same time.
The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are fast! For example, if a store owner accepts BitCoin, they may not hand over the goods and service to you until the transaction has been confirmed by a number of minors. And now imagine again paying for goods and services in a currency that is quickly transferred with zero transaction fees, despite any minor checks!