updated – 6th April 2014 – Are you wondering how you can get into the alternative currency market or mining your own fortune? Confused by mining pools or held back by expensive hardware configurations? Check out Nxt, (pronounced Next) a community of visionaries, spearheading the r(e)volition in the world of crypto currency. Nxt is the first crypto currency (NXT Coin) where no mining takes place on the network, unlike Proof of Work currencies. Instead the network is secured by anyone who owns Nxt coins and uses the Nxt wallet. Everyone can participate. Each user obtains portions of transaction fees for forging a block from their wallet. The bigger the stake you have, the more potential to forge a block. This allows everyone on the Nxt network to have the same reward potential no matter the amount of Nxt you own.
Nxt is not an “alt coin” based on the successful Bitcoin forked model with some alterations. It’s actually completely new code, built from scratch and designed to deliver many more features than just a coin. There is so much scalability and potential with Nxt to connect global community. So, what’s Nxt? Continue reading