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Posted on October 27, 2021

Nano Coin Compared to Nexty Coin – Crypto

Nano and Nexty: Are these the real and practical cash alternatives? Let’s find out!

Blockchain is no longer fad geek talk! Bitcoin revolutionized the way many of us viewed coins, ledgers, fund transfers, and transactions. The beauty of all virtual currencies is that almost all of them try to solve a problem. And this is where our currency of interest, Nexty, comes into play. During writing, the similarity of the Nexty platform will be compared to Nano – XRB to get a better understanding of this platform.

In very simple terms, the Nexty platform presents itself as a transaction system that will eliminate the concept of a transaction fee while ensuring ultra-fast transfers to make it easy for its users. Apart from this, the transfers are ultra-fast because the transactions do not require the miners to make a confirmation as in the case of other virtual currencies such as Bitcoin, etc.

However, according to the white paper published by the creators of Nexty, the main use of Nexty is for newly established e-commerce companies to help generate public funds. Since there is no transaction, lightning-fast transfer (2 seconds! And that’s pretty much real time), and confirmation fee, fundraising will be less of a hassle. The coin is surgically targeted at e-commerce stores because that will cultivate an ecosystem in which these stores will accept NTY coins from shoppers.

The concept behind NTY is to make daily online operations a seamless experience. The team behind NTY understood Blockchain developers and established marketers. Some of the team members have ten to 12 years of full-stack development and marketing experience.

Some of you might argue that Nano, formerly known as Railblocks, XRB, is already performing the same functions as NTY. The XRB coin is a bit unique in that it uses its proprietary block lattice data structures. Because of this, each Nano account has its own blockchain that reduces latency for fast transfer. Apart from this, the XRB is energy and resource efficient and does not need a high-end GPU system for executing transactions. However, Nano doesn’t come with a smart contract capability. Smart contracts are intended to exchange triggers for any crypto currency. These contracts help to exchange funds, real estate, stocks or any tangible or non-tangible entity of financial value. Smart contracts also eliminate the need for brokers while bringing our crypto to asset exchange seamlessly. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another important capability of the Nexty platform is its integration with existing e-commerce applications such as Joomla. According to the NTY developers, the integration takes 3-4 hours maximum.

To strike a balance between supply and demand for the NTY, the platform comes with a built-in smart engagement program. This program offers bonuses and credits when buying, selling and holding Nexty. The system is intended for investors and daily users at the same time.

The capacity of the Nexty and Nano platforms is huge. Imagine a world where cryptocurrencies replace conventional wallets and transactions are fast! For example, if a merchant accepts BitCoin, they may not deliver the goods and service to you before several minors confirm the transaction. And now re-imagine paying for goods and services via fast-transferring currency with no transaction fees, regardless of minor checks!

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