Dual Cryptocurrency Confirmation System (DCCS) is the most revolutionary thing about the new blockchain startup Nexty. This platform will help you get cryptocoins transferred really quickly (within 2 seconds) if you apply the web application, mobile or desktop apps offered by the Nexty team. I want to explain in plain words how the Nexty works and why its technology is so good and revolutionary.
Dual cryptocurrency system of confirmation
As I understood after reading the Nexty’s whitepaper (available only in English for now), this system shortly called as DCCS. It explores 2 different tokens developed and added to the network with different purposes:
- NTY coins are required for payments, exchanges and used as utility tokens, serving as a fuel for the platform.
- NTF tokens are very limited and can be received only after buying 1 pNTY (10K NTY tokens). These tokens will support the verification of all transactions. They can be also used by miners for the access to NTY mining.
These tokens are applied for confirmation and use in daily transfers. Basically, the confirmation system of transactions is founded on the very simple criteria of a decentralized p2p-network. But instead of charging money from people who transfer or exchange Nexty tokens, the system uses NTF coins for confirming each transaction. Also, the holders of NTF coins will get a rewarding bonus each time the transaction with NTY tokens is confirmed successfully. This reward is shared monthly between all holders of NTF tokens.
What to expect from the Nexty’s team?
An ICO was a very significant stage for the Nexty team. It successfully ended in spring 2018 with the reach of the team’s hard cap. The collected funds will be spent according to the previously posted milestones in the project’s roadmap. Catch it here:
As you can see, the roadmap is very detailed. As I have previously mentioned, the Nexty’s platform is currently under the development but there is beta version of the product on the website. Also, you can understand how fast this network works by installing Smart Wallet application on iOS and Android devices. According to my experience, about dozen transactions ran very smoothly, without any pauses. My sums ranged from $5 to $1,000 and each time they charge nothing for all transactions.
How will the Nexty team spend their money?
During a few stages of Nexty’s public tokensale, developers managed to attract attention of multiple investors. The hard cap was reached pretty quickly 9,460,000 pNTY. They will be spent in the following way:
- developing the primary infrastructure for staff and equipment to provide the promised scale of the whole Nexty’s network – in such way, the system will continue work smoothly with a large amount of users;
- nuilding a large customer base and finding new huge partners in order to make this platform globally popular;
- pay rewards to the participants of all Nexty’s programs: Affiliate, Smart Staking and Bounty Campaigns;
- make sure that the platform works completely legally.
Instead of summing up, I just want to say that I liked Nexty’s tech explanations, my personal tests were great and I would recommend following this project to all cryptoinvestors.
NEXTY project links
https://nexty.io/ (website)
https://t.me/nexty_io (telegram)
https://twitter.com/nextyio (twitter)
https://facebook.com/nextycoin (facebook)
https://nexty.io/nexty-whitepaper.pdf (whitepaper)
https://bitcointalk.org/index.php?topic=2498919 (ANN thread)
$ $ $ $ $
Username - Micronoid
Profile - https://bitcointalk.org/index.php?action=profile;u=1355858
Nexty wallet - 0x360807aa1c6b9b151faa73fa36755e578bf44179
Ether wallet - 0x5Cad90c82D21a65Fe5ad2A9D472018BA0B7025C3
Thank you for attention!
More reviews on my blog @jlove
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