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NXT (nxt) Live chart

Rank Name Price 24h Change Total Supply Circulating
$ 0.02 -1.75% 1 000 000 000 998 999 942 Trade!

NXT (nxt)

Nxt uses the blockchain to create an entire ecosystem of decentralized features, all of which require the Nxt currency. Instead of modifying the original Bitcoin source code, as many altcoins have done, Nxt developers wrote their own code in Java from scratch. While Nxt is a public blockchain, licenses for private blockchains based on its software are also available for purchase. The developers refer to Nxt as Blockchain 2.0, providing numerous applications beyond simply keeping a public ledger of transactions. Jelurida BV took over the originally anonymously developed Nxt and now own the IP rights. Kristina Kalcheva, co-founder and legal expert of Jelurida, focuses on how to “explore the different open source licensing models and their enforceability in practice.” Currently, the main developer is an anonymous Star Trek fan, going by the name Jean-Luc Picard. While there is still the active development of Nxt, the parent company Jelurida is also working on a Nxt 2.0, known as Ardor, designed specifically to deal with scalability. Ardor will use the same blockchain technology as Nxt, combined with the idea of ‘child chains.’ According to Travin Keith, Nxt foundation Web and Marketing manager, Ardor allows for a “manageable blockchain size, which solves the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don’t affect security onto child chains.” The core infrastructure of Nxt is complex. This adds risks as compared to the more lean bitcoin, but makes it easier for external services to be built on top of the blockchain. A peer-peer exchange allowing decentralized trading of shares, crypto assets. Since the blockchain is an unalterable public ledger of transactions, the Asset Exchange provides a trading record for items other than Nxt. To do this, Nxt allows the designation or ""coloring"" of a particular coin, which builds a bridge from the virtual crypto-currency world to the physical world. The ""colored coin"" can represent property, stocks/bonds, commodities, or even concepts. Arbitrary Messages enable the sending of encrypted or plain text, which can also function to send and store up to 1000 bytes of data permanently, or 42 kilobytes of data for a limited amount of time. As a result, it can be used to build file-sharing services, decentralized applications, and higher-level Nxt services. Nxt had no mining phase, all initial units were released to 73 people through a one-time fundraiser via bitcoins, after the announcement of the NXT project in the bitcointalk-forums by BCnext. Combine this with a PoS approach, and you have a situation where the big guys run the table. At one point, the Nxt community had a very public spat with Bitcoin developer Jeff Garzik. Garzik took issue with the Nxt marketing approach, its anonymous developers, and their responses to constructive criticism. Nxt responded to some of these claims, of course, but it remains one of the more controversial moments in its history. Another key problem the Nxt network ran into (like so many others) was blockchain bloat. Nodes get weighed down by the onerous task of having to store every transaction on the Nxt blockchain. This was one reason (among others) why Ardor/Ignis came into existence."

NXT Top Trading Bots

The cake is a lie, these numbers are not

Enigma Original Kryll strategy poster

Enigma Original

+ 534.51%
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Manaia Panda 🐼 Kryll strategy poster

Manaia Panda 🐼

+ 409.06%
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Enigma Original Kryll strategy poster

Enigma Original

+ 351.51%
Launched May 20, 2021 (PROS-ETH)
Manaia Panda 🐼 Kryll strategy poster

Manaia Panda 🐼

+ 302.82%
Launched Mar 4, 2021 (XRP-USDT)

Market pairs

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Rank Pair Name Volume (24h)
1 NXT / IDR Indodax $ 122 256 316 726.83 Trade!
2 NXT / USDT AEX $ 496 872 145 627.24 Trade!
3 NXT / BTC HitBTC $ 7 982 478 387.50 Trade!
4 NXT / BTC Bittrex $ 217 848 899 419.03 Trade!
5 NXT / BTC Poloniex $ 19 953 612 463.82 Trade!
6 NXT / USDT HitBTC $ 1 318 857 535.00 Trade!
7 NXT / BTC Changelly PRO $ 7 999 826 953.50 Trade!
8 NXT / BTC TOKOK $ 544 046 436 666.07 Trade!
9 NXT / ETH HitBTC $ 9 492 719 927.00 Trade!
10 VIT / NXT STEX $ 7 880 675.66 Trade!
11 NXT / BTC STEX $ 11 887 894.15 Trade!
12 NXT / BTC Graviex $ 67 155 116 583.49 Trade!
13 FREE / NXT STEX $ 4 529 742 440 343.28 Trade!
14 NXT / USDT STEX $ 31 156 832.83 Trade!
15 BEVERAGE / NXT STEX $ 236 480 800 935.99 Trade!
16 NXT / DASH SouthXchange $ 220 668.39 Trade!
17 NXT / BTC SouthXchange $ 50 691 599.97 Trade!