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« on: November 28, 2015, 12:54:04 PM »

What is Nxt?

Nxt, unlike the vast majority of cryptocurrencies that have come into existence since Bitcoin first appeared, is not a Bitcoin clone. Nxt is a second-generation cryptocurrency whose source code, written in Java, is wholly original and therefore has completely different characteristics to that of Bitcoin or any other cryptocurrency. Unlike Bitcoin with its proof-of-work Nxt relies on a proof-of-stake mechanism. You can’t mine NXT like Bitcoin since all the coin supply is already in existence. With proof-of-stake you support the network by running a node and get rewarded with transaction fees – this is called “Forging”.


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