Expert Take: NXT Coin Review
NXT is a blockchain platform similar to Ethereum and was created in 2013. Like Ether (ETH) on Ethereum blockchain, the NXT platform has its own cryptocurrency which is also represented as NXT coin. In this article, we go through the NXT coin review.
The NXT platform uses proof of stake consensus.
Some of the top features of the NXT platform include:
- Asset Exchange
- Data Cloud
- Voting System
- Authentication System
- Plugins, using which, third-party developers can add functionality to the platform
And, a demo of the NXT platform is available at https://demo.nxt.org/.
The NXT client for various platforms is available here. Just make sure you have installed the latest version of Java on your machine.
The NXT client can work as NXT wallet.
Of course, the NXT web dashboard also allows you to store NXT and lets you buy various assets using NXT coin.
The maximum supply limit of NXT is 1 billion tokens, and almost the same amount is in circulation right now.
At the time of writing, the NXT price is USD 0.049463 per token according to CoinMarketCap.
NXT Coin Review
The NXT coin is available in various exchanges. And some prominent NXT exchanges are Poloniex, Bittrex, and HitBTC. And it ranks as 103 in terms of total market capitalization.
The target block time is 60 seconds and includes 256 transactions per block. Since all the NXT coin are pre-mined, the block reward only consists of the transaction fees. Plus, the Difficulty of finding each new block is subject to change for every two blocks.
The NXT coin price within the last few days fell from 0.062356 USD to 0.047749. The is something to concern about; since the NXT platform has so many features, and its direction into the future is not so vivid.
Disclaimer: The information presented here is subject to change over time. However, we will try our best to keep this post up to date.
The opinions expressed here belong to the Author. And they do not necessarily reflect the view of eCoin4Dummies.com.