NXT NXT

NXT is a decentralized open-source crypto-platform that operates on its own native blockchain. It was created using original code and offers various features such as the Nxt Proof-of-Stake based cryptocurrency known as NXT, messaging, alias system, marketplace, and Asset Exchange.

NXT is unique compared to other cryptocurrencies because it was the first to rely entirely on a proof-of-stake consensus protocol. This means that instead of using proof-of-work, which requires miners to solve complex mathematical problems, NXT holders can validate transactions and create new blocks based on the number of coins they hold. This makes NXT more energy-efficient and cost-effective compared to cryptocurrencies that use proof-of-work. Additionally, NXT offers a range of features including messaging, alias system, marketplace, and Asset Exchange, making it a versatile platform for decentralized applications.