Technology has made the world a global village. We can freely purchase anything and everything anywhere in the world and wait for transaction completion and comfortably get our deliveries at our doorsteps. This has been made possible by the use of credit cards. Unfortunately, this mode of payment takes days from ordering for the product to final payment of the product. Additionally, you need to pay very high fees for the shipping.
To resolve the credit card shortcomings, blockchain technology was developed with the advent of cryptocurrency. Blockchain technology seems to be growing very fast. All companies will probably have to adapt it in the next 10 years.
The introduction of cryptocurrencies may have solved the credit card problems, but have in the past brought up new technical hitches of their own. Nexty coin, abbreviated NTY promises to be the best modification to solve the older cryptocurrency issues.
Like any man made technology, nexty has its strength and weakness.
Strengths of Nexty
The Staff
Nexty platform has strong, vibrant, multi talented individuals in the ICO history. The vibrant team have excellent background in qualitative trading.
The Community
Since its inception, Nexty platform community has grown many folds. It has a large fun base on twitter, facebook and telegram.
Fast Instant Transfer Feature
Being the first cryptocurrency is the ICO 10 years or more ago; bitcoin transactions have become very slow coupled with very long transaction times. You will also need to pay for the transactions yet that was the reason technology bore cryptopcurrency to solve credit card shortcomings. Following these and more issues, Nexty is developed to solve this with a dual cryptocurrency transaction system of two strong coins; NTY and Nexty Foundation abbreviated NTF operating in parallel. Nexty allows transactions to be performed immediately.
Zero Transfer Fees
The first 10,000,000 owners of NTY will be rewarded with NTF. Instead of any transaction fee, NTF owners will be awarded a certain amount of cryptocurrency at a small discount monthly. This will grant zero transaction fees to the trading community.
Mobile Wallet Application and Block Explorer
Android and IOS owners can download Nexty Coin App on the store and use at their convenience. In addition to this, you can easily monitor and check daily transactions on Nexty blockchain and explorer.
Algorithm PoF
Nexty Foundation will be used to exploit Nexty Coin through the algorithm for Proof of Foundation.
Nexty Smart Contract and Exchange
Any person who owns Nexty coin will have a fixed, substantial income from daily interests by freezing NTY under compulsory programs.
As pairs of NTY-ETH and NTY-BTC Nexty is on IDAX trading with current price of 0.0005 USD/NYT and is projected to rise to 1 USD/NTY in the future.
Weakness of Nexty
The major limitation of Nexty platform is that Nexty coin is built on a separate platform. Unlike other known cryptocurrencies, it will take a lot of time; to integrate Nexty onto new platforms and to get great exposure.
Nexty platform will have to upgrade soon since it is modular. This upgrading will mean inconvenience to the investors as there will be need for each one to back up codes and of course a site upgrade can take days to months.
In conclusion, Nexty seems to be a promising future for daily transactions. Even with the limitation, an upgrade will mean better services to investors. Investing in Nexty is the next big thing in the world of blockchain technology.