Most cryptocurrency bag holders often boast how fast their network transaction speeds are compared to popular mainstream payment methods, like Visa and Paypal. As cryptocurrencies continue to rise in popularity, it will be very important to determine which blockchain payment networks could eventually become a “better Visa.” While both sides continue to debate their arguments, I have gone through different transaction and I will show you which cryptocurrency network has the fastest speed.
We are also aware of Bitcoins biggest weakness, the systems "limited capacity" has lead to the increased demand for other cryptocurrencies. Its developers have argued for years about how to expand the system to a better stage, as it can only handle seven transactions per second with high transaction fees, compared with thousands on conventional payment services. Even before we started getting new about how the currency could split in two over the disagreement, bitcoin holders started to diversify into some of the many other crypto-currencies, or altcoins, to emerge in recent years. Bitcoin has always been the biggest kid on the blockchain and functions, deeply affecting the crypto-reserve currency, it makes up half the combined market capitalisation of all cryptocurrencies.
The simple and best way to escape these high transaction fees of any blockchain network caused by either miners, cryptocurrency wallets or exchanges is to use the unique and exclusive technology created by Nexty with services that features Instant and safe transfer, zero transaction fees and a dual cryptocurrency.
What is Nexty
Nexty is a platform based on blockchain technology to help the e-commercial startups to raise funds from community, creating an amazing and convenient atmosphere for shopping and online payments without transaction fees or transaction confirmations. The Nexty platform is based on financial technology blockchain development, where financial startups will create the Nexty ecosystem.
Financial Technology (Fintech) has recently created a lot of awareness in information technology, the way it works and how it is used has been mentioned repeatedly in the financial sector. The strategic contradiction between technology and finance, short-term thinking encouraged by market realities and the inability to change the incumbents in the market, has brought to the rise of Fintech.
Since bunch of cryptocurrencies have been unable to complete the building of future payments (cashless payments), Nexty aims at foreseeing these means of future payments by supporting businesses of all sizes and scopes to overcome barriers of trading, this will be made possible by the following factors:
- Instant transfer
- Zero transfer fees
- Price stabilization system
The blockchain project will achieve this target by using the Ethereum Open Source with Proof of Foundation (PoF) Consensus Algorithm and it's Dual Cryptocurrency Confirmation System (DCCS). Below is a table that shows Nexty transaction compared to other cryptocurrency networks.
How The Nexty Platform Works.
The Nexty platform uses a Dual Cryptocurrency Confirmation System which includes two types of Cryptocurrency operating in parallel form. The Nexty coin called NTY, is the main cryptocurrency that can be used for daily transactions while the Nexty Foundation, called NTF, is responsible for all the transaction confirmation system. The transaction confirmation system of the nexty platform is built on a peer-to-peer network with specific criteria to meet operational necessities. The main concern here is that instead of charging every user for each transaction, recommendations are, for those who hold the second type of cryptocurrency (NTF) shall receive reward with a small amount of cryptocurrency at a small rate at the end of each month and this will enable the transaction fees to be zero thereby still rewarding those persons who contribute to transaction confirmation system.
Possible Solutions By Nexty.
The fintech ecosystem aims to eradicate all problems connected to scalability, with a wallet for making transactions and online payments. These processes will be made possible by using the Ethereum Open Source CODE and Proof of Foundation (POF) sonsensus Algorithm. The ecosystem will encourage:
A Price stabilization system using the dual cryotocurrency confirmation system. The Nexty (NTY) coin and the Nexty Foundation (NTF) coin.
Users/subscribers of the Nexty platform will be entitled to a zero transaction fees to any payments and transfers at any time and place.
Using the Peer2peer QR Code in the Nexty app ensures an instant tranfer within 2 seconds of time without need of confirmations.
Below is a comparison table of Nexty and other cryptocurrency networkss.
Token Details.
- Nexty (NTY) had a successful Presale and ICO sale, which closed in December 2017, NTY is currently trading the ETH/BTC pair on idax exchange.
Coin symbol: NTY
ICO Date: December 19, 2017
Total coin supply for ICO:11,000,000 pNTY
Minimum stake age: 7 days
Maximum stake age: 360 days
Hardcap was successfully reach with 9,460,000 pNTY distributed.
- Nexty Foundation
Coin symbol: NTF
Available on: August 12, 2018
Initial supply:10,000,000 NTF
Maximum supply: 10,000,000
Available only for the holders of first 10,000,000 pNTY
Project Team
Nexty Helpful Links:
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ANN Thread
Written by telegram user : Xpency
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