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Nano and Nexty: is that a real, practical cash alternative? Let’s find out!
Blockchain is no longer the cool geek talk! Bitcoin is revolutionizing the way many of us see currencies, ledgers, money transfers, and transactions. The nice thing about all virtual currencies is that almost every currency tries to solve the problem. And this is where the coin that interests us – Nexty – comes into play. As of this writing, the similarities of the Nexty platform to the Nano – XRB are compared for a better understanding of the platform.
In very simple terms, the Nexty platform is referred to as a transaction system that eliminates the concept of transaction fees while ensuring ultra-fast transfers for ease of use. In addition, the transfers are very quick as transactions do not require confirmation from the miners as is the case with other virtual currencies like bitcoin etc.
However, according to the white paper published by Nexty’s developers, Nextys is primarily intended for start-up e-commerce businesses to help generate public funds. With no transactions, ultra-fast transfers (2 seconds! And that’s pretty much real-time), and confirmation fees, fundraising becomes even easier. The coin is operationally targeted at e-commerce stores as it will promote an ecosystem in which these stores will accept NTY coins from buyers.
The concept behind NTY is to make everyday online trading a smooth experience. The team behind NTY consists of blockchain developers and established marketers. Some team members have ten to twelve years of experience developing and marketing full stacks.
Some of you’ll argue that Nano – formerly referred to as Railblocks, XRB – already performs an equivalent function as NTY. XRB Coin is unique in that it uses its proprietary block grid data structure. Because of this, each nano account has its own blockchain that reduces latency for quick transfers. In addition, XRB is energy and resource efficient and does not require a high-end GPU system to execute transactions. However, the Nano does not have smart contract functions. Smart contracts are designed to exchange triggers for every cryptocurrency. These contracts are used to exchange money, real estate, stocks, or tangible or intangible entities with financial value. Smart contracts also make brokers superfluous and bring our crypto to the exchanges without errors. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another key function of the Nexty platform is the integration into existing e-commerce applications such as Joomla. According to NTY developers, the mixing takes a maximum of 3-4 hours.
In order to achieve a demand-supply ratio of NTY, the platform is equipped with an integrated smart betting program. The program offers bonuses and credits for buying, selling, and holding Nexty. This system is intended for investors and everyday users at the same time.
The capabilities of the Nexty and Nano platforms are enormous. Just imagine a world where crypto is replacing conventional wallets and transactions are fast! For example, if a shopkeeper accepts BitCoins, they will not be allowed to deliver goods and services to you until the transaction has been approved by a number of minors. Now imagine if you were paying for goods and services again using a currency that is transferred quickly without verification and with no low transaction fees!