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)
  • More possibilities

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
LinkedIn

BCNext

Pseudo-anonymous creator of NXT

Further reading

Title
Author
Link
Type
Date

Nxt Whitepaper

NXT community

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

News

Title
Author
Date
Publisher
Description
June 13, 2019
WebWire
"Many of the features have been designed with the future always-online generation in mind. Their lives will be closely intertwined with technology, and we think this concept vehicle will appeal to them," says Transport Designer Michael Bedell, Scania. Designed to meet the city's need The idea from the beginning was to design one vehicle that would meet all the requirements of the city, while adhering to differing regulations and demands on transporting goods and people. "NXT is a concept...
June 11, 2019
WebWire
Welcome to the NXT future! Scania's new battery electric self-driving urban concept vehicle is designed with the flexibility to shift from ferrying commuters to and from work in mornings and evenings, delivering goods during the day and collecting refuse at night. In a bold display of innovation, Scania's engineers have taken the company's DNA - the modular system - to the next level in developing a concept vehicle that can change shape for varying urban assignments. Countless cities are...

References

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