With the world moving towards broader inter-connectivity, and annihilating the geographical boundaries, it has become more important than ever that money matches up with the speed with which the world of banking is moving.
While banks have been trying their best to aid businesses to surpass international barriers, they have not yet found complete success; there are always the issues of currency exchange rates, international political and economic barriers, and a lot of other concerns that inhibit the world's potential to move towards truly international currency wherein money transcends all barriers, and turns into just money instead of being divided by currencies.
This is where cryptocurrencies such as the one provided by the Nexty platform come in; these currencies, while being totally secure, can exchange hands with far more ease than the traditional wired money transfers, RTGS, or even e-wallets such as Paypal.
While one might argue that there are already cryptocurrencies such as Bitcoin or Ethereum, why do we need a new one?
Anybody who studies business or monitors the market in general knows that a market having powerful incumbents does not mean that they are the best, all it means is that they have not been challenged yet.
The Nexty coin (code name NTY) by the Nexty platform is one such cryptocurrency. It is new in the market, so not a lot of people know about it, but it is poised to take over the market once its true potential is recognized, as, for one, it is more secure as it uses the Smart Contract as a safe guard, and second, Dual Cryptocurrency Confirmation system enables transfer of funds with zero transfer fee.
What is Dual Cryptocurrency Confirmation system? How is zero transfer fee implemented through Dual Crypocurrency confirmation system?
In the Dual Cryptocurrency Confirmation system, like that used by the Nexty platform, two types of cryptocurrency operate in parallel. The currency used in daily transactions, called NTY in case of the Nexty platform; and the currency used for the transaction confirmation system, called NTF in Nexty platform's case operate parallel and simultaneous to one another.
The transaction confirmation system is based on a peer-to-peer network with special criteria to meet operational requirements and demands.
The holders of NTF do not charge per transaction, but are rewarded with a small amount of the cryptocurrency at the minor rate at the end of the 30-360 minute sealing round.
This is what allows the Nexty platform to implement zero transfer fee through the Dual Cryptocurrency Confirmation system, and ensure benefits to the people who contribute to the transaction confirmation system by holding NTF.
The Nexty platform uses the latest consensus algorithm known as the Proof of Foundation (PoF) invented for the transaction confirmation system on which the proportion of generated amount is based to pay for the machinery and personnel operating the transaction confirmation system by holding NTF for the Nexty Platform, thus ensuring that the two features of cryptocurrency attain superiority for proper operations.
Now, some people may worry that over time the NTY rates might decrease due to the Nexty platform's use of the Dual Cryptocurrency Confirmation System. Their fears, while based on a reasonable concern, are unfounded for two main reasons:
Due to the use of PoF, the total NTY increases.
The Nexty platform is also expanding its ecosystem which will result in an increase in its popularity and community acceptance, which will ultimately result in an increase in the value of the Nexty platform's NTY cryptocurrency.
Along with having zero transfer fee, the NTY has lowest transaction time, capped at just 2 seconds per transaction, handles almost 1800 transactions per second, more than both Bitcoin and Ethereum, is the only cryptocurrency with an existing Ethereum swap, and has the largest amount in circulation at USD 180,00 M, which along with zero transfer fee, and Dual Cryptocurrency Confirmation System make it the perfect cryptocurrency to be used for a long time in the future, and an investment in it today could yield exorbitant success tomorrow.
Telegram: https://t.me/nexty.io
Website: https://nexty.io
