NXT is an open-source cryptocurrency and payment network launched in 2013 using a proof-of-stake consensus mechanism, distinguishing it from Bitcoin by eliminating mining and maintaining a static money supply. Conceived as a versatile platform for applications and financial services, NXT serves as the foundation for ARDR (Ardor), a blockchain-as-a-service platform, and is currently managed by IoTeX since 2021. The cryptocurrency has been extensively covered in a report by ESMA.
On September 28, 2013, BCNext announced the proposal to launch NXT as a second generation cryptocurrency in a forum thread. BCNext requested small bitcoin donations to determine the initial stake distribution.
On November 18, 2013, fundraising for NXT was closed.
In 2013, NXT, an open source cryptocurrency and payment network, was launched by anonymous software developer BCNext. It uses a proof-of-stake mechanism and has a static money supply, differing from Bitcoin's mining process. NXT was designed as a platform for building applications and financial services.
On July 29, 2014, Danish cryptocurrency exchange service CCEDK started offering NXT for exchange with fiat money.
On September 15, 2014, Bitcoin developer Jeff Garzik tweeted about the vulnerability of Nxt technology and the closed nature of its development process.
In July 2016, NXT introduced Smart Transaction templates, intending them to serve as building blocks for businesses to create Blockchain solutions.
In 2021, IoTeX cryptocurrency became the steward of NXT.
Cryptocurrency is a digital currency operating on a decentralized network...
Bitcoin the first decentralized cryptocurrency was conceptualized in a white...
September is the ninth month of the year in the...
Money serves as a universally accepted medium for exchanging goods...
48 minutes ago Frontier Passenger Attacks Agent at Orlando Airport; Bodycam Shows Arrest, Airline Narrative Shift
48 minutes ago Greyhounds: From Racing Controversy to Rescue, Art, and Film Release Explored.
48 minutes ago Week Ahead: Tech Earnings, Fed Decision, Trump-Xi Meet Impact Market
2 hours ago Jacob Elordi replaces Andrew Garfield in Guillermo del Toro's Frankenstein after Garfield's exit.
3 hours ago McLaurin and Samuel Active for Commanders vs. Chiefs: Injury Boost!
3 hours ago Philippines: Over 30 flights cancelled, causing travel disruptions across multiple routes and airlines.
The White House located at Pennsylvania Avenue NW in Washington...
George Soros is a Hungarian-American investor and philanthropist with a...
Bernie Sanders is a prominent American politician currently serving as...
XXXTentacion born Jahseh Dwayne Ricardo Onfroy was a controversial yet...
Steve Irwin the Crocodile Hunter was an influential Australian zookeeper...
Charlie Kirk is an American right-wing political activist entrepreneur and...