What is Nxt?
Nxt is the first pure proof-of-stake blockchain and a "second generation" of cryptocurrency designed to expand the use of blockchain technology beyond the simple transfer of value. Soon after Bitcoin launched, it became apparent that the advantages of this revolutionary technology could be applicable in a variety of cases where transparency, immutability and disintermediation is of utmost importance. Nxt was a pioneer in exploring these capabilities.
Launched on November 24, 2013, the platform has run perfectly ever since with 100% uptime and without security problems. During its five and a half years of existence, Nxt has attracted a vast and vibrant community, influenced numerous new blockchain projects and pioneered a number of blockchain features such as the fully decentralized asset exchange, shuffling, voting and prunable data.
Coded from scratch in Java - the leading programming language for financial and trading applications, and continuously developed and improved over the years, Nxt now has numerous features accessible directly in the wallet and built into the Nxt core. These smart transactions are a powerful modular toolset which allows users to choose from the most common blockchain applications and use them easily with no coding skills required.
Whether you like to tokenize your project, to do a crowdfunding, to create a poll, to buy or sell products on a decentralized marketplace or send an encrypted message, Nxt is the universal open source blockchain for you. The proof-of-stake consensus algorithm makes the platform energy efficient with low hardware requirements, and perfectly suited for private blockchain instances as well.
Decentralizing the Future
Nxt is an open source blockchain platform and the first to rely entirely on a proof-of-stake consensus protocol. Launched in November 2013 and written from scratch in Java, Nxt is proof that blockchain technology is not only about simple transfer of value but also has the potential to revolutionize many aspects of our lives with the various decentralized applications that can be built with it. Today, Nxt remains one of the most tested and reliable platforms in the industry, influencing numerous other projects. With its many easy to use modular built-in features, Nxt covers most of the dApp use cases and at the same time is perfectly suitable for private blockchain implementations.
Feature highlights
Proof-of-Stake Consensus
Nxt was the first to implement a pure proof-of-stake consensus protocol. Reliable and energy efficient, with minimal hardware requirements, the ingenious Nxt proof-of-stake algorithm has passed the test of time, with no successful attacks in practice since its launch in 2013.
Universal Blockchain Framework
The Nxt software is designed as a universal framework for the ongoing distributed ledger technology transformation. Its simple but flexible architecture makes blockchain adoption easy, and can be extended to fit any public or private use case.
Decentralized Asset Exchange
Nxt was the first blockchain to launch a user-friendly and yet fully decentralized asset exchange. Anyone can issue and trade tokens on top of Nxt, and orders are matched and executed directly on the blockchain itself.
Proven Stability
The Nxt blockchain has been live in production for more than 6 years with virtually no downtime, no major bugs, and no successful exploits. Millions of Nxt transactions have been conducted reliably, establishing its reputation as one of the most secure platforms in the blockchain industry.