NFD Network Security Coin is great, thanks the Devs hard works
What is NFD Network Security Coin?
He probably means it will become security coin after merged from nxt core features will be implemented
Please always ask! We try to answer all questions.
NFD is a peer to peer coin. The security of our coin based (besides other things) on a network with forging nodes.
The more forging nodes the more blockchain security.
Everyone is able to contribute to the security of NFD by running a client which is forging.
If someone forged a block he/she gets the fee of the transactions which are included in the forged block.
At the moment there is only every 5th to 10th block a transaction.
We developed a bot to transfers an asset to every account which forged a block, to increase the incentive to run a forging node (not all are altruistic).
This asset is tradable in our asset exchange. The development team will buy back this assets for certain prices. This is an additional revenue for a forger.
It's also possible and welcome if someone else buy this assets to a even higher price. This is a direct contribution to the security of NFD.
Every stakeholder should be interested to contribute.
Example:
I forged 50 blocks on Wednesday. I got 15 NFD in total because of some transaction fees. This is not much.
The new bot will send me additional 50 NFD NSC assets on Friday. For every forged block one.
Now I can go to asset exchange and sell this assets to a specific price. Currently there is a bid order at 100 NFD per asset.
I can now sell my 50 NFD NSC assets for a price of 100 NFD each.
In total I will get 5000 NFD for this assets as additional revenue for forging.
Conclusion:
If you forge a block you will get additional NFD masked as NSC asset!
Shorter:
Forge!
