Nxt is refe rred to as a "second generation" cryptocurrency that uses blockchain to create an entire ecosystem of decentralized features that require the Nxt currency. Rather than to modify a little the Bitcoin source code like most of the altcoins have, Nxt has bran d new software and code, written in Java from the ground up.

Nxt is a public blockchain, but the licenses for private blockchains based on its software are for purchase. Some of the platform's main features include having assets that represent everything. This includes bonds, movie tickets, etc., which are traded via peer-to-peer exchange, creating your cryptocurrency and immediately being able to use it on any platform that supports the Nxt Monetary System.

Nxt is the first 100% Proof-of-Stake (PoS) cryptocurrency, and unlike other currencies with PoS mining, it doesn't cause monetary inflation. This is a great advantage to Bitcoin and the similar coins because it can safely support large transaction volumes.

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