Nexty. Have you come across this terminology in any of your online payments? Watch out. There is an atmosphere of revolution in transactions of businesses globally with an online interesting project, called Nexty. It is of great help as it is coming to the rescue of the ever tiresome ecosystem online payments. As it is obvious, systems of payments by banks has been hectic and to the extreme a thorn in the flesh with overrated transaction fees accompanied by long waiting hours to make or receive payments. Nexty is here with us for the better. It is a platform embedded on crypto currencybusiness based on block chain technology which draws huge profits. In a bid to streamline online payments using the aforementioned block chain technology, Nexty priorities to tackle online payments challenges is by initiating 3 major determining factors; (a)no system of price stabilization, (b)spontaneous funds transfer, (c)no charges on funds transfer.
NTY is Nexty's coin name abbreviation. This is a type of a cryptocurrency, operating in parallel with NTF which comprise to form a Duo Cryptocurrency Confirmation System (DCCS). Worth noting is that NTY for transactions carried out daily as it is a code name for the Nexty coin.
EOS
This payment ecosystem is made up of 2 elements: EOS.IO and EOS tokens. EOS token is the cryptocurrency of the EOS network while EOS.IO is a computer's operating system. EOS main point of focus on challenges to address the issues of flexibility, scalability and speed for a system that is based on block-chain. By doing so, it tries to address a block chain pain points. Pain points may include computer power limited across a network, low speed in tasks execution and network constraints by huge amount of either similar requests or false transaction.
With no concept of mining for the EOS setup, block producers produce expected amount of blocks and get paid for tokens created for every new block they come up with. This aspect gives block producers bargaining power to determine desired figure for their pay. EOS capability appears to be great as it focuses to address challenges associated with networks based on blockchain.
Comparison between NTY and EOS
Comparing their blockchain:
NTY and EOS average block time is 2 seconds.
Both average transaction fee for NTY and EOS is zero.
NTY is assigned a market cap of $18M while EOS $14.992M
Consensus algorithm for NTY is POF while for EOS is DPOS.
NTY is basically a token to carry out online transactions while EOS is a system made up of both tokens and a computer's OS.
Both NTY and EOS are constituents of Nexty which blend together for smooth facilitation of online payments.
Key features
NTY
Contains various outstanding features such as Dual Crypto Currency, Price Stabilization System, Spontaneous transfers and No Transfer Fees.
EOS
Attempts to solve issues of flexibility, scalability and speed for systems based on blockchains.
Deals with sensitive block-chain challenging points.
For interface development, it is enabled by a web-toolkit
It performs similarly to Apple's App Store and Google's Play Store.
Consists of two key element; EOS tokens and EOS.IO (operating system of a computer).
Advancement in technology appears to be steering ahead online payments globally to a fast and secure means. This will enable businesses to capitalize on profits with a booming business and funds transfer flow.
Facebook: https://www.facebook.com/nextycoin/
Telegram: https://t.me/nexty.io
Twitter: https://twitter.com/nextyio
