Nexty - The Game Changer

The world's financial system has evolved from the usage of coins to small denominations of paper currency, thereby, making one be in possession of bulky currency notes to carrying few bills because higher denomination was printed, to going cashless - these transactions are made from various gadget, thereby making transactions easy. Financial technology have been developing with speed with this 4.0 technology age. Transactions are carried out by just the clicks of our electronic gadgets, from one country to another, without barriers. With this FinTech (Financial Technology) advancement, there is one big blockage to this trend - BANKING. The stress, procedures involved, the transaction speed, the transaction fee and above all the feeling one gets when the bank act as if they are doing you a favour, by attending to your transaction, is frustrating and alarming. Inasmuch as we want to commend the evolution our financial system, there are still lapses that poses as challenges to the system especially on international transactions. These challenges include:

1, High Transaction Fee

2, Low Transaction Speed

Despite the hours of waiting for one transaction, your transaction may end up not getting to its destination. So many solutions have been proferred for the challenges of the banking system. One of the major solution came from the rise of Blockchain and the application of Cryptocurrency, these include lighting network for bitcoin, trinity for NEO, and Redeon for Ethereum; these provided solution to transaction speed and fee, as this was not completely free but it was better than the previous. With the increase in the number of users, the scaling to large number of transactions began to affect transaction speed and fee, that some fees were almost the same as that from the regular banking system

(bitinfochart.com in nextywhitepaper)

Now, here come the big game changer, which tackled the challenges of all the previous means of transactions - NEXTY. Nexty bring efficiency and effectiveness in international transaction system. These are achieved by:

1, ZERO TRANSACTION FEE
Nexty uses Dual Cryptocurrency Confirmation system (DCC). DCC uses two types of cryptocurrency operation in parallel, which are:

(A). NTY- The cryptocurrency for use in daily transactions.
(B). NTF- Transaction confirmation system

DCC was developed by Nexty and it is what affect transaction fees therefore making the transaction fee Zero and also makes the transaction very fast, almost near instant.

2, SIMPLE TO USE
Nexty app on both Andriod and iOS are user friendly and easy to use. The usage
is explained in the diagram and can also be found via the link:

3, COMMITMENT TO PRIVACY AND CONFIDENTIALITY
One of the advantages of blockchain is to store digital asset of an individual on a blockchain, making it one of the highest form of security.

Nexty Comparison Table

Nexty target for the nest five years is 1 USD to 1 NTY. This will be achieved by the consensus algorithm, POF (proof of foundation) which is a price stabilization system.