Nano and Nexty: are these real and practical alternatives available? Let’s find out!
Blockchain is no longer a fashion geek! Bitcoin has revolutionized the way many of us have seen currencies, accounting, money transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to solve a problem. And here comes our interesting coin – Nexty. At the time of writing the similarity of the Nexty platform will be compared to the Nano – XRB to better understand this platform.
In very simple words, the Nexty platform is presented as a transaction system that eliminates the concept of transaction fees, while providing extremely fast transfers to facilitate its users. In addition, transfers are very fast because transactions do not require Miner confirmation, as is the case with other virtual currencies such as bitcoin, etc.
However, according to an official document released by the creators of Nexty, the main use of Nexty is for newly established e-commerce businesses to help generate government funding. Since there are no transactions, very fast transfers (2 seconds! And it’s almost real time) and confirmation fees, fundraising will be less of a hassle. The coin is surgically targeted at e-commerce stores because it will create an ecosystem in which these stores will accept NTY coins from shoppers.
The concept behind NTY makes daily online trading easy. The team behind NTY consists of Blockchain developers and renowned marketers. Some of the team members have 10 to 12 years of experience in full stack development and marketing.
Some of you may argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its own data structures with a block grid. Thanks to this, each Nano account has its own blockchain, which reduces the delay for fast transfer. In addition, XRB is energy- and resource-efficient and does not require a high-end GPU to execute transactions. However, the Nano does not have the option of a smart contract. Smart contracts are designed to exchange triggers for any cryptocurrency. These contracts help to exchange cash, real estate, stocks or any tangible or intangible items of financial value. Smart contracts also displace the need for brokers, shifting our crypto to a flawless asset exchange. Other than this difference, NTV and XRB (Nano) are more or less identical. Another important feature of the Nexty platform is its integration into existing e-commerce programs such as Joomla. According to NTY developers, integration takes a maximum of 3-4 hours.
To achieve a balance of supply and demand of NTY, the platform comes with a built-in smart stacking program. This program offers bonuses and credits to buy, sell and hold Nexty. The system is designed for investors and daily users at the same time.
The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where the crypto replaces conventional wallets and transactions go fast! For example, if a store owner accepts a bitcoin, he may not transfer goods and services to you until the transaction is confirmed by a number of minors. And now again imagine paying for goods and services in a currency that is quickly transferred with zero commission for transactions, regardless of minor checks!