NXT

NXT Price

What is NXT about?

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.

What makes NXT unique?

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. 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.

What's the history of NXT?

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 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."

What's next for NXT?

Nxt 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.

What can NXT be used for?

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.

Where can you buy NXT?

NXT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade NXT is Indodax, where the most active trading pair NXT/IDR has a trading volume of $459.81 in the last 24 hours.

What is the daily trading volume of NXT (NXT)?

The trading volume of NXT (NXT) is $459.81 in the last 24 hours, representing a -51.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NXT (NXT)?

NXT (NXT) reached an all-time high of BTC0.0001438 and an all-time low of BTC0.0₈1139. It’s now trading -100.00% below that peak and 844.50% above its lowest price.

What is the market cap of NXT (NXT)?

Market capitalization of NXT (NXT) is BTC6.4153 and is ranked #4127 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NXT tokens (1 Billion tokens are tradable on the market today).

What is the fully diluted valuation of NXT (NXT)?

The fully diluted valuation (FDV) of NXT (NXT) is BTC6.4217. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion NXT tokens are in circulation today. Depending on how the emission schedule of NXT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of NXT compare against its peers?

With a price decline of -8.10% in the last 7 days, NXT (NXT) is underperforming the global cryptocurrency market which is up 1.80%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 2.60%.