Golden
NXT

NXT

NXT is a digital currency and decentralized platform for building applications and financial services.

Nxt is a digital currency and decentralized platform for building applications and financial services. It enables users to make direct peer-to-peer payments, to have complete ownership over assets, and to engage in crowdfunding and token distribution.

Founded in 2013, Nxt is an original 'platform' cryptocurrency that expands the functionality and possible applications of blockchain technology. Nxt is also the first ever blockchain to use pure proof-of-stake for consensus.

Some of the possible applications supported by Nxt include:

  • Peer-to-peer asset exchanges
  • New digital currency creation
  • Data storage, publication, and verification
  • Secure voting/polling systems
  • Decentralized Autonomous Organizations (DAOs)

The company behind development of Nxt, called Jelurida, has shifted the focus of their team to work on another blockchain platform named Ardor. Jelurida describes Ardor as "an evolution of the Nxt software that launched in January 2018 to address issues of blockchain bloat, scalability, and versatility."

Timeline

People

Name
Role
Related Golden topics

BCNext

Pseudo-anonymous creator of NXT

Further reading

Title
Author
Link
Type

What is Nxt? - Nxt

Web

Documentaries, videos and podcasts

Title
Date
Link

What is NXT?

March 2nd, 2014

Companies

Company
CEO
Location
Products/Services

Jelurida

N/A

Netherlands

Blockchain development

References