Nano Coin Compared With Nexty Coin – Crypto
Nano and Nexty: Are these the real and functional cash alternatives? Let’s find out!
Blockchain isn’t a hip geek-talk anymore! Bitcoin revolutionized the way many of us saw currencies, ledgers, funds transfers and transactions. The beauty of all virtual currencies is that nearly each 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, Nexty platform is pitched as a transaction system that will eliminate the concept of transaction fee while ensuring ultra rapid transfers to ease its users. except this, the transfers are ultra quick because the transactions don’t require the miners to perform confirmation as in the case of other virtual currencies such as Bitcoin etc.
However, as per the white paper released by creators of Nexty, the dominant usage of Nexty is meant for newly established e-commerce businesses to help generate public funding. Since there are no transaction, ultra fast move (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 comprises of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in complete stack development and marketing.
Some of you might argue that Nano – before known as Railblocks, XRB – is already performing the same roles as NTY. The XRB coin is a bit rare because it uses its proprietary block-lattice data structures. Due to this, each Nano account has its own blockchain which reduces latency for fast move. except this, the XRB is strength and resource efficient and doesn’t need high end GPU system for transaction execution. However, Nano doesn’t come with a smart-contract capability. Smart contracts are meant to be exchanging triggers for any crypto money. 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 exchanging flawlessly. except 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 unprotected to a need – 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 capability of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces traditional wallets and transactions are quick! for example, if a shop keeper accepts BitCoin, it might 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 sets by a money that’s quickly transferred with zero transaction fees independent from any minor verifications!