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Nano Coin Compared With Nexty Coin in Crypto

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Shivangi Mujumdar Follow

INDIA

Jan, 18 2021

Jan, 18 2021

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Blockchain isn't a hip geek-talk anymore! Bitcoin revolutionized the way many folks saw currencies, ledgers, funds transfers and transactions. the sweetness of all virtual currencies is that almost all of them tries to deal with a drag . And this is often where our coin of interest - Nexty  - comes in action. During the write-up, the similarity of the Nexty platform are going to be compared with Nano - XRB to realize a far better understanding of this platform. 

 

In very simple terms, Nexty platform is pitched as a transaction system which will eliminate the concept of transaction fee while ensuring ultra swift transfers to facilitate its users. aside from this, the transfers are ultra quick because the transactions don't require the miners to perform confirmation as within the case of other virtual currencies like Bitcoin etc. 

 

However, as per the white book released by creators of Nexty , the first usage of Nexty is supposed for newly established e-commerce businesses to assist generate public funding. Since there are not any transaction, ultra fast transfer (2 seconds! and that is just about real time) and confirmation fee, the fund-raising will become hassle less. 

 

Some of you would possibly argue that Nano - Previously referred to as Railblocks, XRB - is already performing an equivalent functions as NTY. The XRB coin may be a bit unique because it uses its proprietary block-lattice data structures. thanks to this, each Nano account has its own blockchain which reduces latency for fast transfer. These contracts help exchanging funds, land , stocks or any tangible or non tangible entity of a financial value. The smart contracts also oust the necessity for brokers while carrying our crypto to asset exchanging flawlessly. aside from this one difference, NTV and XRB (Nano) are more or less identical.  

 

In order to realize a requirement - supply balance of the NTY, the platform comes with a built-in smart staking program. The system is supposed for investors and daily users because the same time. 


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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