Nano and Nexty: Are these real and practical cash alternatives? Let’s find out!
Blockchain is no longer a fashion nerd! Bitcoin has revolutionized the way many of us see currencies, books, funds transfers and transactions. The beauty of all virtual currencies is that almost every one of them tries to solve the problem. And here comes our coin of interest – Nexty. At the time of writing, the similarity of the Nexty platform will be compared to the Nano – XRB to better understand this platform.
Simply put, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fees, while providing ultra-fast transfers to make it easier for its users. In addition, transfers are extremely fast because transactions do not require miners to make a confirmation as in the case of other virtual currencies such as Bitcoin, etc.
However, according to a white paper published by the creators of Nexty, the primary use of Nexty is aimed at start-ups of e-commerce to help generate public funding. Since there is no transaction, ultra fast transfer (2 seconds! And that’s pretty real time) and confirmation fees, fundraising will become less of a hassle. The coin surgically targets e-commerce stores because it will cultivate an eco-system in which these stores will accept NTY coins from customers.
The concept behind NTY makes everyday online shopping a seamless experience. The team behind NTY consists of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in full stack development and marketing.
Some of you might argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its proprietary block grid data structures. This is why each Nano account has its own blockchain that reduces latency for fast transfers. In addition, XRB is energy and resource efficient and does not need a state-of-the-art GPU system to execute transactions. However, the Nano does not come with the option of a smart contract. Smart contracts are designed to exchange drivers for any cryptocurrency. These agreements assist in the exchange of assets, real estate, shares or any tangible or intangible entity of financial value. Smart contracts also suppress the need for brokers while seamlessly transmitting our crypto to exchange assets. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another great feature of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes a maximum of 3-4 hours.
To balance NTY’s supply and demand, the platform comes with a built-in smart investment program. This program offers bonuses and credits for buying, selling and holding Nexty. The system is intended for investors and everyday users at the same time.
The possibilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto is replacing conventional wallets and transactions are fast! For example, if a seller accepts BitCoin, they may not hand over goods and services to you before the transaction is confirmed by a number of minors. And now re-imagine paying for goods and services in a fast-moving currency with zero transaction fees regardless of minor checks!