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What is NXT coin and how does it work?

by Financial Economy

Unlike other cryptocurrencies, non-bitcoin-based NXT is a decentralized second generation open source blockchain platform. It is one of the old coins since it was released towards the end of 2013. Information about some topics that what is NXT coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for information about Chiliz (CHZ) coin.

What is NXT coin and how does it work?

Platfrom was released in November 2013 by anonymous software developer “BCNext”. The native cryptocurrency of the Nxt platform is NXT. In addition to this digital currency, it includes many basic level features such as decentralized asset exchange, marketplace and voting system. Nxt is very easy to use. It is also permissionless and gives its users complete freedom in many ways.

NXT token features!

  • NXT allows its users to create their own cryptocurrency. In addition, these new currencies are supported by NXT.
  • If used in trading, less fees are paid compared to normal transaction fees.
  • Even if 90% of NXT cryptocurrencies are hacked, the network will not crash.
  • If any asset represents something on the NXT platform, it can be traded in peer-to-peer currency on the platform.
  • Your digital goods can be safely sold in the market created by NXT. When a purchase is complete, notification comes.
  • All transactions can contain a message. However, the platform encrypts the message by default.
  • Nxt highlights voting features. In this way, you can have an account that requires the approval of many parties to make a transaction.
  • Data can be kept in decentralized storage in Nxt Data Cloud. Nxt developers believe there are many documents users will want to securely upload to their cloud, such as certificates, contracts, requests, and licenses.

Which exchange is NXT coin on?

NXT coin is listed on some cryptocurrency exchanges such as Poloniex, Bittrex, STEX, Indodax, AEX, etc.

How to buy NXT coins?

NXT token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

NXT coin supply!

Total supply of NXT coin is 998.999.942 NXT.

NXT coin price!

As of October 25, 2022, at the time of the writing, 1 NXT Token price is around $0,0037 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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