Nano and Nexty: Is this the real and practical money option? Let’s find out!
Blockchain is no longer a hip geek-talk! Bitcoin has changed the way many of us see money, 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 our interest coin – Nexty – comes into play. At the time of writing, the similarity of the Nexty platform will be compared to the Nano – XRB to get a better understanding of this platform.
In very simple terms, the Nexty platform is positioned as a transaction system that eliminates the concept of transaction fees while ensuring faster transfers to facilitate its users. Other than that, transfers are very quick because transactions do not require miners to make confirmations as is the case with other virtual currencies like Bitcoin and so on.
However, like the white paper released by the makers of Nexty, Nexty’s primary use is intended for newly established e-commerce businesses to help fund public funds. Since there are no transactions, much faster transfers (2 seconds! And that’s real time) and confirmation fees, collecting funds can be a bit of a hassle. The operation targets the coin in ecommerce stores because it will develop an eco-system where stores will accept NTY coins from shoppers.
The concept behind NTY makes day-to-day online trading a seamless experience. The team behind NTY consists of Blockchain developers and established vendors. Some of the team members have ten to 12 years of experience throughout stack development and marketing.
Some of you might argue that the Nano – Formerly known as Railblocks, XRB – already performs the same functions as the NTY. The XRB coin is relatively unique because it uses block-lattice data structures. As a result, each Nano account has its own blockchain that reduces latency for fast transfers. Apart from this, the XRB is powerful in power and resources and does not require a high end GPU system for transaction execution. However, Nano did not come with the ability to be contract -savvy. Smart contracts are intended to exchange factors for any crypto currency. These contracts help to exchange funds, house and house, stock or any tangible or intangible entity with a financial value. Smart contracts also eliminate the need for brokers while bringing our crypto to exchange assets with no shortage. Aside from this variability, NTV and XRB (Nano) are more or less similar. Another key capability of the Nexty platform is its integration with ecommerce applications such as Joomla. Like NTY developers, integration takes 3-4 hours max.
To meet one need-NTY’s supply balance, the platform has a built-in smart staking program. This program offers bonuses and credits to buy, sell and hold Nexty. The system is intended for investors and day-to-day users alike.
The Nexty and Nano platforms have great potential. Just imagine a world where crypto replaces traditional wallets and transactions are fast! For example, if a storekeeper accepts BitCoin, you may not be able to deliver the products and services before the transaction is confirmed by several minors. And now also imagine paying for products and services through a money that can be easily transferred with no transaction fees independent of any small credentials!