Cryptocurrencies

Text

What is NXT coin? Introduction to the issue price, total amount and white paper of NXT coin

NXT coin, launched in 2013 by IGNIS, is the first cryptocurrency to utilize the Proof-of-Stake consensus mechanism and facilitate asset exchange, allowing users to create and trade their own tokens.

Oct 02, 2024 at 01:42 am

What is NXT Coin?

1. Definition

NXT coin is a cryptocurrency launched by IGNIS in May 2013. It is the first coin based on the Proof-of-Stake (PoS) consensus mechanism. NXT coin has a unique feature called asset exchange, which allows users to create and trade their own tokens on the NXT platform.

2. Issue Price and Total Amount

Issue Price: 1 NXT = 0.001 BTC at the time of launch
Total Amount: 1 billion NXT

3. White Paper

The NXT coin white paper, published in 2013, outlines the following key features:

Proof-of-Stake Consensus: Instead of mining, NXT coin uses PoS to validate transactions and secure the network. Holders of NXT coins earn rewards for holding and staking their tokens.
Asset Exchange: NXT coin introduced the concept of asset exchange, allowing users to create and trade their own tokens on the NXT platform. These assets can represent physical goods, digital assets, or even shares in a company.
Account-Based System: Unlike most cryptocurrencies, NXT coin operates on an account-based system. This means that all transactions are recorded in individual accounts, making it easier for users to track and manage their funds.
Blockchain Technology: NXT coin is built on a custom-developed blockchain that allows for fast and secure transactions.
Multi-Signature Transactions: NXT coin supports multi-signature transactions, which require multiple parties to authorize a transaction before it can be executed.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SHOGGOTH

$0.1246

45.36%

Trade Now
TON

$2.20

41.94%

Trade Now
BULL

$0.0779

32.27%

Trade Now
HT

$0.5473

30.69%

Trade Now
LUNA

$0.0762

26.65%

Trade Now
SPX

$0.7015

25.36%

Trade Now

Latest Crypto News

Infura Integrates Ethereum Validator Node Provider DIN Into EigenLayer's Actively Validated Service (AVS)
2024-11-15 12:55:01
Is XRP the Future Backbone of Global Finance?
2024-11-15 12:15:02
Qubetics ($TICS) Emerges as the Best Crypto to Buy Today, Pioneering a Decentralized VPN and Promising Jaw-Dropping ROIs
2024-11-15 12:15:02
Ethereum (ETH) Price Prediction: ETH Reached a Multi-Month High, Following Bitcoin's Rise
2024-11-15 12:15:02
Bitcoin (BTC) Price Stumbles 3% After Fed Chair Jerome Powell Hints Further Interest Rate Cuts Might Not Be Coming
2024-11-15 13:45:01
Shiba Inu: Meme Coin or Financial Revolution?
2024-11-15 12:15:02

Related knowledge

What is MONA coin? What can MONA coins do? How to store MONA coins?

Oct 09,2024 at 06:47pm

What is MONA Coin?MONA Coin (MONA) is a decentralized cryptocurrency and open-source blockchain platform.It was launched in January 2014 as a fork of the Litecoin blockchain.MONA Coin is designed to provide users with secure, private, and fast transactions.What Can MONA Coins Do?MONA Coins can be used for a variety of purposes, including: a. Sending and...

How to buy and trade MONA coins? Where to buy MONA coins?

Oct 08,2024 at 01:00pm

How to Buy and Trade MONA Coins?Where to Buy MONA Coins?1. Cryptocurrency Exchanges:HitBTC: A reputable exchange offering MONA trading pairs.Poloniex: Another popular exchange that supports MONA trading.Bittrex: A secure and reliable exchange that lists MONA.2. Peer-to-Peer Marketplaces:LocalBitcoins: A platform for buying and selling MONA with other in...

The issuance price and total issuance of MONA coins are learned in one article

Oct 03,2024 at 04:54pm

MONA Coin Issuance Details1. Issuance Price0.00001 BTC per MONA coin (as of October 2021)2. Total Issuance28.5 billion MONA coinsBackgroundMONA coin is a cryptocurrency based on the Bitcoin protocol that was launched in 2014. It is a privacy-focused coin that uses the CryptoNote protocol to provide enhanced anonymity.DistributionThe 28.5 billion MONA co...

What is the issuance and circulation of MONA coins?

Oct 01,2024 at 05:00pm

MONA Coin Issuance and CirculationMONA, short for Monetary Authority, is a cryptocurrency launched in January 2014. It is known for its focus on anonymity and decentralization.IssuancePre-mined: 50 million MONA coins were pre-mined during the launch.Proof of Work (PoW): All remaining MONA coins are issued through the PoW consensus mechanism.Halving: The...

On which platform can MONA coins be purchased? Recommended trading platforms for buying MONA coins

Oct 12,2024 at 10:06pm

How to Buy MONA Coins: A Guide to Recommended Trading Platforms1. Identify MONA Coin-Supporting ExchangesBittrex: A US-based exchange with a wide selection of altcoins, including MONA.Poloniex: Another reputable exchange known for its low trading fees and MONA support.HitBTC: An efficient exchange with competitive fees and a diverse range of cryptocurre...

What are the formal channels for buying MONA coins? Detailed explanation of MONA coin purchase channels

Oct 03,2024 at 12:48am

Formal Channels for Purchasing MONA CoinsMONA (MONAcoin) is a cryptocurrency based on Litecoin and was the first cryptocurrency to be created in Japan. It is currently available for purchase through several formal channels:1. Cryptocurrency ExchangesBittrex: A reputable and well-known cryptocurrency exchange that supports MONA trading pairs against BTC,...