Nexty-The future of Fintech?

qspace (25)in #crypto • 6 years ago (edited)

1, Why we need Nexty?

The technology is growing so fast and changing our life. Now we are talking about IOT, Robotics, AI, big data and many others disruptive technologies. In the generation of 4.0 technology, everything is faster and easier connecting over the world, without any bar national border. But there is one big man seem to counteract this trend, that is Banking.

Have you ever transfer the money to the different country via the bank?
That would be a very bad experience. Many procedures, taking a lot of time for the transaction and excessive transaction fee.
With the born of block-chain and the primary application of it cryptocurrency, this problem seems to be solved. But not yet. Current cryptocurrency still has some major problem, It still:

-High transaction fee.

-Low transaction speed when scaling to a larger number of users. Many solutions are come in to solve scaling problem, such as Lightning network for Bitcoin, Radeon for Ethereum or Trinity for NEO, but no one absolute success so far.

However, this situation may change with the Nexty, the next future of Fintech.
With Nexty, we have an effective international payment system with:
-Fast speed.

-Zero transaction fee

-Commitment to privacy & confidentiality

-Simple to use

-Low volatility

Yes, it's true. Look at the comparisons table between Nexty and others cryptocurrencies. We can see that Nexty use new mining method POF with many advantages features and also, it has the lowest market cap with only 18 million USD, about 1/3858 Ethereum market cap. It's very potential project to invest in.

2, Five key features of Nexty

2.1 Fast speed:

Nexty can perform an instant transaction. You can check their introduction video here, it so brilliant.

2.2 Zero transaction fee:

The new mining method with Dual Cryptocurrencies Confirm System(DCCS) not only reduce the transaction speed but also affect the transaction fee.

2.3 Commitment to privacy & confidentiality:

No doubt, that is the strengthening of the block-chain technology. Digital asset data of the user is store on block-chain, make it secure and private.

2.4 Simple to use:

The Nexty mobile app on Android and IOS provide the best UX for the user. Everything is simple and smooth.

2.5 Low volatility

The target price of Nexty for 5 years later is 1USD for 1 NTY. After that, The stabilization system will keep NTY coin at that price.

3, How it works?

The key technology underlying Nexty is the Dual Cryptocurrencies Confirm System. It's the combination of 2 types of Cryptocurrencies operate in parallel mode. The one for the daily transaction(NTY) and the others for transaction confirm system(NTF).

With the DCCS system, the Nexty does not charge the fee for NTY transaction but it rewards for NTF holder, who is the miner a small amount of NTY token at the end of each month. The ratio of NTY token reward is decided by POF(Power Of Foundation) algorithm. The NTY token reward was created by POW(Power Of Work) method.

This process can be explained in a simple way by this diagram: