Nexty coin and Ethereum are two very different cryptocurrency platforms, In that Nexty coin is based on an ecosystem targeted to assist technology and e-commerce whereas Ethereum is more like an open software platform that mainly focuses on blockchain technology in order to enable developers to deploy and build decentralized applications. With these descriptions, right from the get-go, we are able to see the vast difference between the Nexty platform and the Ethereum platform. Additionally, you are further able to see their differences due to the fact that Nexty is known to have a dual cryptocurrency system whereas Ethereum has a single cryptocurrency system. As we dive into the differences between these two cryptocurrency platforms we will be able to see what make them peculiar in their own ways. Some of the major differences between these two platforms
The transaction prices. This makes a major difference between the two platforms because in the Nexty platform, transactions of it's cryptocurrency is free, while in Ethereum transaction prices are typically based on the amount of gas used minimum being 21 Gwei. While both of them brag of instant transfer capabilities Nexty platform instant transfer is generally faster than the Ethereum platform. Nexty transfer time takes around 2.2 seconds while Ethereum takes around 4.49 minutes. When we take a look at the scalability per transaction, this is where the Nexty platform really outshines the Ethereum platform for its scalability per transaction roughly stands at 2000TPS while that of Ethereum ranges at 16TPS.
Even the algorithms they use to process their cryptocurrency is different. Where Nexty uses Consensus Algorithm also known as POF which stands for Proof of Foundation. This algorithm is relatively simple for a computer and you don't need to own a rig for it to fully function. It contains a more balanced system which encourages the community to engage in the transaction confirmation process. Ethereum takes a slightly different approach known as the smart contract, that requires a rig for it to properly function the smart contract is a phrase that is in the description of computer code that can handle the exchange of literally anything that has value. When it is employed on the blockchain the smart contract is seen to become a self-operating program that automatically executes commands when the specific conditions are met. Because it runs on the blockchain, it runs exactly as it was programmed without the possibility of third-party interference, fraud, downtime or censorship.
Also to note the Nexty platform has been integrated with a smart staking program that is able to assist investors in increasing their assets periodically, the only condition that they will have to adhere to is to retain a minimum amount in their staking wallet. By doing this it is guaranteed that within seven days after the conclusion of each staking period that the Nexty system will add to the owner's wallet.
In conclusion, we are able to see that both cryptocurrency platforms have their strengths and weaknesses. In spite of this, we are able to see that the Nexty platform is more pocket and user-friendly with its features and software being more convenient than that of the Ethereum platform.
