Nano Coin Compared With Nexty Coin - Crypto
Nano and Nexty: Are these the real and practical cash alternatives? Let's find out!
Blockchain is not a hip geek-talk anymore! Bitcoin revolutionized the way many of us saw trends, ledgers, funds transfers and transactions. The beauty of all virtual treaties is that almost every one of them tries to address a problem. And this is where our coin of interest - Nexty - comes in action. During the write-up, the similarity of the Nexty platform will be compared with Nano - XRB to gain a better understanding of this platform.
In very simple terms, the Nexty platform is pitched as a transaction system that will eliminate the concept of transaction fee while ensuring ultra swift transfers to facilitate its users. Apart from this, the transfers are ultra quick because the transactions do not require the miners to perform confirmation as in the case of other virtual treaties such as Bitcoin etc.
However, as per the white paper released by creators of Nexty, the primary usage of Nexty is meant for newly established e-commerce businesses to help generate public funding. Since there are no transaction, ultra fast transfer (2 seconds! And that's pretty much real time) and confirmation fee, the fund-raising will become hassle less. The coin is surgically targeting the ecommerce stores because that will cultivate an eco-system where these stores will be accepting NTY coins from shoppers.
The concept behind NTY is making daily online trades a smooth experience. The team behind NTY enterprises of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in full stack development and marketing.
Some of you might argue that Nano - Previously known as Railblocks, XRB - is already performing the same functions as NTY. The XRB coin is a bit unique because it uses its proprietary block-lattice data structures. Due to this, each Nano account has its own blockchain which reduces latency for fast transfer. Apart from this, the XRB is power and resource efficient and does not need high end GPU system for transaction execution. However, Nano does not come with a smart-contract capability. Smart contracts are meant to be exchanging triggers for any crypto currency. These contracts help exchanging funds, real estate, stocks or any tangible or non tangible entity of a financial value. The smart contracts also oust the need for brokers while carrying our crypto to asset illegally. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another major capability of the Nexty platform is its integration within existing ecommerce applications such as Joomla. As per the developers of NTY, the integration takes 3-4 hours max.
In order to achieve a demand - supply balance of the NTY, the platform comes with a built-in smart staking program. This program offers bonuses and credits on buying, selling and holding Nexty. The system is meant for investors and daily users as the same time.
The capacity of the Nexty and Nano platforms are huge. Just imagine a world where crypto replace conventional wallets and transactions are quick! For instance, if a shop keeper accepts BitCoin, it may not hand you over the goods and service before the transaction is confirmed by a number of minors. And now re-imagine paying for goods and services through a currency that's quickly transferred with zero transaction fees independent from any minor verifications!