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Article:Do you know Nxt?
You probably know Bitcoin (
http://bitcoin.org/). This online currency was created a few years ago and it had many followers. Nxt (
https://nextcoin.org/) is first of the second generation online cryptocurrencies. Nxt is brand new software that provides many cool features that Bitcoin didn't have. It also prevents of all bad things that Bitcoin came up with.
DecentralizationNxt concentrates on decentralization. With Nxt you won't need to use online marketplaces, exchanges, forums and many other websites. Everything will be included in the application! You will use only Nxt app, so no government censorship or DDOS attacks can stop Nxt.
Nxt was created at the end of November 2013. First block, the Genesis block, was given to the early adopters. First holders are distributing NXT among more users. Currently more than 50 percent of Nxt (= 500 million NXT) have changed the owner.
No inflation There is and will always be only 1 billion of NXT. You cannot use mining for increasing number of NXT. If you transfer some NXT, you pay a little fee. This fee goes back to the system as an interest for people that own NXT. The more NXT you have, the merrier NXT you get from fees. So the price of NXT won't be affected by miners!
Proof stake miningNxt is based on green pure proof of stake (
http://en.wikipedia.org/wiki/Proof-of-stake) mining. You will never need fast processor or graphic cards to get more NXT. That's really a big difference of Bitcoin and it might save our planet too. Maybe. The more coins you have, the more blocks you will generate, but the amount you get per block is dependent on the transaction fees included in the block. So everyone gets the same chance based upon the amount of coins they own. It's a linear relationship. You get the equal return on your investment.
Instant transactionsNxt doesn't need millions of scripts, so it provides very fast transactions. You can send your NXT from the USA to China within seconds! It will also provide the system of instant transactions, if you pay a little more fee for transaction.
Colored coinsWould you like to exchange $ € ¥ with Bitcoins, Litecoins or NXT within seconds, without using any provider, exchange with high fees, banks? No problem! You can send colored coins (
http://coloredcoins.org/) that represent stocks, smart properties, other currencies (such as dollars, pounds, yen, or euros), and even other cryptocurrencies (such as Bitcoin, Litecoin, or Namecoin).
Decentralized p2p exchangesCentralized exchanges Bitstamp (
https://bitstamp.net/), Cryptsy (
https://www.cryptsy.com/) or BTC-E (
https://btc-e.com/) can be slow or DDOSed, you pay them huge fees and there is always possibility so it can be hacked or taken down by governments. That's why people are looking for decentralized p2p exchanges, where no provider (or hacker) can steal all of your money. Nxt buyers and sellers trade directly with each other! So there are no commissions, only small network fees.
Internal instant messagingDo you have to login to the forums to communicate with the potential seller? Nxt will provide internal instant messaging with chosen aliases, so you can talk to with your customer/seller through the main application. Your alias can be redirected to your website, email or account number, so it can be another very useful function.
Decentralized DNS Decentralized DNS (
https://wiki.projectmeshnet.org/DNS) is another invention of NXT. Well, it is also used by Namecoin (
http://namecoin.info/), but NXT has improved version. Why is it important? It's very useful for security and also prevents from cybersquatting and censorship. Centralized DNS address can record a lot of transfers and that is something that NXT doesn't want.
A basic version of Nxt will be released on 3rd January 2014. All features will be available in April. It will provide much more than only market with crypto-coins. Nxt will cause a new revolution not only for crypto currency, but for all online trades. It’s not just some currency, it’s Nxt. Nxt generation of cryptocurrency.
NXT: 15003961341330858247
