Nxt is a blockchain platform with multiple core-level features that has been running publicly since late 2013. It is coded from scratch in Java, unlike most of the other platforms launched at the time. It’s 100% Proof of Stake, meaning that the more NXT you have the higher chances you have of processing the next block. Because it’s not dependent on computational power, a full node can run on something as light as a Raspberry Pi.
Only 1 billion tokens were created and since there is no inflation, there will be no new coins created. So, when blocks are forged, (mining in Nxt) only the transaction fees are given as a block reward.
Nxt is a strong platform to build crypto currency (and other features), currently we can see there are 11 different cryptocurrencies that was built on Nxt https://coinmarketcap.com/assets/ . Of all those coins, the most important is Ardor (ARDR) – a scalable blockchain platform with child chains – With it, people can use blockchain technology without having to build things from scratch. In addition, they will be able to trade with other child chains on the platform. Since it is built with Nxt technology, the features of Nxt, like Assets, Messaging, and Voting, will be available on the child chains. Ardor is scheduled to launch in the third quarter of 2017.
Since ARDR is currently an asset on the Nxt blockchain, you will need to download the Nxt client in order to store ARDR. You can also use exchanges, but it’s always recommended to use the Nxt client instead since you have the passphrase that unlocks your coins. You don’t necessarily need to have NXT in your account, but you won’t be able to transfer your ARDR around without NXT while ARDR is an asset. This won’t be a problem once ARDR launches, however.
IGNIS will be the first child chain of Ardor and there will be an ICO. Before the launch of Ardor, there will be a one-time snapshot to all accounts with NXT. People will receive 50% of whatever amount of NXT they have at that time. Like with the snapshotting for ARDR, no NXT will be burned.
One disadvantage of Nxt is that currently there are no roadmap publicly available for Nxt. However, Jelurida (the corporate that own Nxt) may release one soon after the launch of Ardor.
Comment : Nxt has great technology, stable community (since it was start in 2013) so it has great potential. However it seem all community are looking at Ardor. Although Nxt developer said “Nxt will be supported by the core developers for at least a year after the launch of Ardor and will most likely be supported beyond that.” but the fact that they said “most likely” mean they are also “most likely” looking at the result of Ardor.
About NXT price, in long term i think it didn’t have much future (unless Nxt was put in serious development and has great achievement) since a lot of focus is on Ardor now and IGNIS after that. But in short term it may be attractive to people who want to own new IGNIS token via NXT.
Still, there are differencies between Nxt and Ardor and that’s the reason to hope for a serious Nxt development after the launch of Ardor. We will talk about that in another articles.
All information about Nxt:
Basic Tutorial : https://www.nxter.org/nxt-tutorials/
Source Code : https://bitbucket.org/JeanLucPicard/nxt/src
Reddit : https://www.reddit.com/r/NXT/
Forum : https://nxtforum.org/
Slack : https://nxtchat.herokuapp.com/
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