Nxt Generation of Cryptocurrency For more info visit: nxtcrypto.org Introduction: What is Nxt and why is it different?

Nxt is now considered a second-generation cryptocurrency. Well what is that? All the alt-coin clones that are coming out only change things such things as the hash rate mechanism, time between bloc s and starting difficulty. Nxt brings many more uni!ue selling points to mar et and was designed this way for a number of ob"ious reasons: It is not an #alt-coin# li e $itecoin, %eercoin, and others who ha"e their code based on &itcoin 's source code. It is brand new written from scratch with its own (a"a code ) it was not written in *++ It pro"ides built in support for future planned extra features such as the decentrali,ed peer-peer exchange, colored coins, messaging and chat, decentrali,ed -N., and options for instant transactions in large "olumes li e /astercard01isa. It is a 2334 proof of sta e 5%o.6 coin "ersus the proof of wor 5%oW6 coin mechanism which the "ast ma7ority of other alt coins use. 8his effecti"ely remo"es a large security ris inherent in most other alt coins, as the issue of a 924 attac is no longer "alid. 8he biggest gain here is how #green# this coin is in terms of power wattage consumption, since the %o. doesn:t re!uire massi"e amounts of hashing power or electricity. It was announced wee s in ad"ance, unli e mere hours li e most other alt coins in the mar et. 8he ;< sta eholders are responsible for distributing the 2 billion Nxt coins that were minted from the genesis bloc "ia a donation of bitcoin, <2 &itcoin in total6 into the original genesis bloc . 8his is a re!uirement for this %o. system to wor smoothly and the distribution is now in progress. Nxt is listed on http:00coinmar etcap.com0 and people are trading in the forums as well as on a temporary 5centrali,ed6 exchange at: http:00www.dgex.com. =eleased on >rd (an <32?, Nxt in the future will ha"e a "ery slic new feature called #8ransparent /ining#, which will allow each user's client to automatically determine who will generate the next bloc in the se!uence, so that they can then send their transactions to that node of their choice. 8his will also allow additional re"enues to be reali,ed for priority transactions. An important feature of 8ransparent /ining is the security feature of the protocol to temporarily reduce to ,ero the mining power of nodes that should generate the next bloc but don't. 8his transparent mining feature will pre"ent

against a @34 ma7ority owner of all the NA8 branching out and forcing a for as is common with other alt coins. .o if a node that has @34 of all NA8, and doesn't generate a bloc when scheduled, the system will punish its mining power to ,ero temporarily to pre"ent a bad for from being forced into creation.