Nano and Nexti: Are these real and practical cash options? Find out!
Blockchain is no longer a hip geek-talk! Many of us have revolutionized the bitcoin by looking at currencies, ledgers, fund transfers and transactions. The beauty of all virtual currencies is that almost every one of them tries to solve a problem. And this is where the currency of our interest – the next – comes into play. At the time of writing, the similarity of the Nexti platform will be compared with the Nano-XRB to better understand this platform.
Simply put, the NEXT platform has been pitched as a transaction system that will ensure a very fast transfer for the convenience of the users as well as eliminate the transaction fee concept. In addition to these, transfers are very fast because miners do not need confirmation for other virtual currencies such as Bitcoin for transactions.
However, according to a white paper published by the makers of NEXT, the initial use of NEXT is to help create public funding for newly established e-commerce businesses. Since there are no transactions, very fast transfers (2 seconds! And it’s quite real time) and confirmation fees, the hassle of raising funds will be less. The coin surgically targets ecommerce stores as it builds an ecosystem where these stores receive NTY coins from shoppers.
The concept behind NTY is making everyday online trading a smoother experience. The team behind NTY consists of blockchain developers and established marketers. Some members of the team have ten to 12 years of experience in full stack development and marketing.
Some of you may argue that nano – formerly known as railblocks, XRB – is already performing the same function as NTY. The XRB currency is somewhat unique because it uses a proprietary block-forged data structure. For this reason, each Nano account has its own blockchain that reduces delays for faster transfers. In addition, XRB is energy and resource efficient and does not require a high end GPU system to perform transactions. However, the Nano does not come with a smart-contract power. Smart contracts mean exchanging triggers for any cryptocurrency. These agreements facilitate the exchange of funds, real estate, stocks or any real or non-real entity of financial value. Smart contracts eliminate the need for brokers to carry our crypto for smooth exchange of our crypto. In addition to this one difference, NTV and XRB (Nano) are more or less identical. Another major strength of the Nexti platform is its integration into existing ecommerce applications like Joomla. According to NTY’s developers, integration takes a maximum of 3-4 hours.
To balance NTY’s demand-supply, the platform comes with a built-in smart stacking program. This program offers bonuses and credits for buying, selling and holding Nexus. The system is meant for investors and everyday users at the same time.
The capabilities of the Nexus and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are faster! For example, if a shopkeeper accepts Bitcoin, it may not be able to transfer goods and services to you before the transaction is confirmed by some minor. And now imagine again paying for products and services in a currency that is quickly transferred with zero transaction fees independent of any small verification!