NXTL - NextCoin Lite - financial system should work like a Swiss watch
Descendant of NXT. More than NXT
AboutOfficially the project of creating a Crypto-Currency on the NXT base started in february, but since then many things have changed.
As the project went under development, the work plan was often changed, issues were annihilated, bugs were fixed, also we improved a lot the coin, so basically nothing remained from NXT.
This is a brand new-sparkling Coin written from scratch in Node.Js!First of all we wanted to create something more than just a Cryptocoin, more secured, that will not lose its relevance after launching but in contrary to be more popular day by day. That is how we ended combining two viceversa dependable elements: The Crypto-currency technology with a payment processing system.
New Features Next Coin Lite: - Paymant
- Ability to pay is less than 1 unit - for example 0.0001
- Transaction USD / EUR
- Own virtual currency (Asset)
- Instant Transactions
- Arbitrary Messaging
- Basic DDoS Protection
- Adress Book
- Reputation System
NXTL as a Payment Processing System and a Crypto-Currency you ask?- This are the main advantages and capabilities of NXTL as a PPS:
1) The server and client are working on node.js
http://en.wikipedia.org/wiki/Nodejs ;
2) Modularity - you can easily connect modules and build interfaces;
3) Design - design files will be in a dedicated folder for easy creation of custom templates;
4) Everyone will be able to participate in development NXTL (no NXT-a-like problems, where everything depends on a couple of developers);
Why PPS (Payment Processing System) and not just a Cryptocoin, how are they different? - as you already know the system is modular, this is how structure it:
1) Account Module: NXT-a-like account creating (By submitting your secret phrase you will get your own account);
Finish 2) Block Module: Blockchain module (it consists of an open and transparent database, where every transaction is recorded permanently.); (
Architecture: Finish, Network Configuration:In progress )
3) Payment Module: NXTL Cryptocoin payment module
(In progress):
- Very fast transactions thanks to node.js’s server technology.;
- Low coin transactions (min. 0.0001);
- Commission in % but not less than 0.0001;
Additional Modules that make our system into a PPS:4) PPS Module: Payment processing module in USD and EUR - this module will be centralized through a payment gateway.
(In progress)Exp:You’ve created an account using a secret phrase:
13612210224060154205;
You automatically get 3 accounts, every account works with a separate module:a)
13612210224060154205 - NXTL & Genesis’s Block decentralized module;
b)
13612210224060154205USD - centralized module through a payment gateway;
c)
13612210224060154205EUR - centralized module through a payment gateway;
All the transactions are saved in its blockchain;Exp:You got your new account
13612210224060154205USD, now you can: add USD to it trough a secured payment gateway, send/receive USD to/from another
XXXXXXXXXXXXXXXXUSD account for instance your friends, family, etc. or withdraw them through a convenient payment gateway.
5) OwnCoin: Create your own virtual currency(share) - decentralized module, you will be able to create your own Currency(share);
Exp: XXXXXXXXXXXXXXXXXXNAMEYou can see
http://193.169.244.74:19775/ or all the actions in the screenshot underneath.
Details will be added later.
Technical data-
Algorithm: Curve25519
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Type: POS
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Max Coins: 1,000,000,000
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Block time: 60 seconds
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POS Schedule:
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Charity Wallet Donation: 0.1% of transaction*
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Confirmations for mined blocks: 20
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Confirmations for transactions: 3
