Nano and Nexty: Does it mean real and practical payment solutions? Let's see!
The blockchain is no longer a hip geek-talk! Bitcoin has revolutionized the way many of us have seen currencies, ledgers, remittances and transactions. The beauty of all virtual currencies lies in the fact that almost every one of them tries to solve a problem. And that's where our piece of interest – Nexty – comes into action. During the writing, the similarity of the Nexty platform will be compared to that of Nano-XRB to better understand this platform.
In very simple terms, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fees while providing ultra-fast transfers to make it easier for users. Apart from this, the transfers are very fast because the transactions do not require confirmation from minors, unlike other virtual currencies such as Bitcoin, etc.
However, according to the white paper published by Nexty's creators, Nexty's primary use is for newly created e-commerce businesses to help generate public funding. In the absence of a transaction, ultra fast transfer (2 seconds! And quite real time) and confirmation fees, the fundraising will become less tedious. The piece is aimed surgically at e-commerce stores, as this will create an eco-system where these stores will accept NTY coins from buyers.
The basic concept of NTY facilitates daily online exchanges. The team behind NTY includes blockchain developers and well-established marketers. Some members of the team have between 10 and 12 years of experience in complete development and marketing.
Some of you might say that Nano – previously known as Railblocks, XRB – is already performing the same functions as NTY. The XRB part is a bit unique because it uses its proprietary data structures in lattice blocks. For this reason, each Nano account has its own blockchain, which reduces the latency for a fast transfer. Apart from that, the XRB is energy efficient and resource efficient and does not require a high end GPU system for transaction execution. However, Nano does not come with a smart contract feature. Smart contracts are supposed to be triggers for any cryptographic currency. These contracts allow the exchange of funds, real estate, shares or any tangible or bodily entity of financial value. Smart contracts also eliminate the need for brokers while allowing our crypto to trade assets seamlessly. Apart from this difference, NTV and XRB (Nano) are more or less identical. Another major feature of the Nexty platform is its integration with existing e-commerce applications such as Joomla. According to the developers of NTY, the integration takes 3-4 hours maximum.
In order to achieve a supply / demand balance of the NTY, the platform is delivered with an integrated intelligent staking program. This program offers bonuses and credits on the purchase, sale and holding of Nexty. The system is intended for both investors and daily users.
The capabilities of the Nexty and Nano platforms are enormous. Imagine a world where crypto replaces classic portfolios and where transactions are fast! For example, if a merchant accepts BitCoin, he or she may not deliver the goods and services to you before the transaction is confirmed by a number of minors. And now, imagine again that you pay for goods and services via a currency quickly transferred without transaction fees, regardless of any minor verification!