NXT Brochure Draft
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Transcript of NXT Brochure Draft
8/12/2019 NXT Brochure Draft
http://slidepdf.com/reader/full/nxt-brochure-draft 1/2
NXT : Not A Bitcoin Clone
Expanded UsabilityBitcoin is “just a coin”, as are its clones. NXT uses
completely new Java code to make a revolutionary
new “coin” very different from Bitcoin, AND a wide
variety of exciting new financial services as well.
Network SimplicityThe Bitcoin network requires competitive Proof-of
Work (PoW) GHash/sec mining using expensive,
power-hungry custom ASIC nodes. The NXT
network uses cooperative Proof-of-Stake (PoS)
transparent forging, immune to “51% attacks”,
running on $35, 4W commodity Raspberry Pi nodes.
Transaction RapidityBitcoin uses 10+ minutes/block for a max
throughput of 7 transactions per sec (TPS) using a16GB (and growing) blockchain. NXT currently
takes 1 minute per block at 4.5 TPS, with
improvements coming in block timing speedup and
routine chain pruning to support eventual “instant”
transactions with guaranteed confirmation at 1000 TPS.
True AnonymityBitcoin transactions between wallets are recorded
forever on its blockchain. NXT is adding code to
achieve true transaction anonymity by
implementing both “mixing” and the no-trust-needed zerocoin / zerocash protocol developed at
John Hopkins University.
Active Community5000+ NXTers from 50+ countries are united in a
friendly online community. We don’t just talk, we
act. We’re growing fast. Please, come join us!
AAcccceepptt NNXXTT TTooddaayy WWiitthh CCooiinnppaayymmeennttss..nneett
VVEENNDDOOR R SS WWEELLCCOOMMEEDD!!
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TTwweeeett @@nneeww22nnxxtt
NNXXTT GGooeess FFuullll OOppeenn SSoouurrccee AApprriill 44,, 22001144
CCOODDEER R SS WWEELLCCOOMMEEDD!!
NNeeww TToo NNXXTT??
www.new2nxt.com
DISCOVER
NNXXTT
www.new2nxt.com
8/12/2019 NXT Brochure Draft
http://slidepdf.com/reader/full/nxt-brochure-draft 2/2
Drink from the firehose at our NXT “pub” thread…if you dare: https://bitcointalk.org/index.php?topic=345619.0
NXT First 100 Days : WOW
As of early March 2014, NXT has shown it is more
than “just a coin”. As a 2nd generation
cryptocurrency written from the ground up in new
Java code, NXT has rolled out numerous financial
service capabilities that will revolutionize the
crypto world – with many more to come! New PC
wallets and clients are out, as well as a detailed
business plan and upcoming NXT IPO for NXT
Mobile Apps Co. that aims to bring the NXT
ecosystem to iOS and Android smartphones. As an
alternative to long, complex transfer addresses,
NXT offers a text “alias” registration system on its
blockchain with over 60,000 registered in its first
100 days. NXT has demonstrated new altcoin
creation atop its blockchain that will soon allow
anyone to create their own new PoW/PoS coins,
not just a limited programmer priesthood. Most
significantly, NXT has a parallel testnet CURRENTLY
TESTING crypto-signed peer-to-peer Asset
Exchange (AE). In addition to working with user
defined assets, NXT AE gateways are being
established with direct connection to other altcoin
transaction clients such as Doge. The goal: Trade
Doge peer-to-peer on NXT! This unique capability
will soon offer a real alternative to existing
exchanges. Don’t wait on ethereal vaporware - join
us in testing NXT Exchange TODAY!
NXT Future Days : to da moon!
Speaking of exchanges: Cryptsy is coming! On the
Feb 8 Let’s Talk Bitcoin #82 podcast at 13:30, “Big
Vern” of Cryptsy commented: "[NXT] is not a cookie
cutter coin…technical implementation [at Crypsy] is
going to take a little more time...it's popular…it’s
fair…I feel comfortable with [NXT].”
NNXXTT IIss GGrreeeenn Ecological? Financial? BOTH !!!
Bitcoin depends utterly on a small mining node
network fighting for their cut of 3600 newly minted
Bitcoins per day. The only thing keeping Bitcoin
from freezing up (at $500-$1000 BTC price) is$1.8M-$3.6M of daily inflation ($0.6-$1.2 BILLION
per year!) that pays for its ongoing required 25
million (and rising!) GHash/s of wasted computing.
A typical miner “pickaxe” is a Butterfly Lab Monarch
costing $2000 and using 350W of power to produce
600 GHash/sec. Using these numbers, the current
Bitcoin mining network has sunk unit infrastructure
costs of at least $83 million and (at $0.10/KwH)
ongoing electricity costs of at least $35,000 per day.
Bitcoin gear and power costs are rising ever faster.Exponential growth of Bitcoin’s hashrate (see
blockchain.info/charts/hashrate) means mining rigs
and energy use are destined to skyrocket out of
control. Bitcoin (and clones like Doge) by their very
nature are wasteful and ultimately destined to fail.
NXT solves this problem sustainably. By using PoS
cooperative transparent forging, not PoW
competitive gigahash mining, NXT has no
exponential forcing function at its core that drives
its costs and energy consumption ever higher. A
NXT blockchain support network of 1000 Odroid U3
nodes has a one-time unit infrastructure cost of
only $60 thousand and uses only $48 per day in
electricity. Forever.
Learn more:www.new2nxt.com
The NXT Bottom LineLast Nov 24, a billion NXT were distributed to 100
founders who sent a Bitcoin or less to a Bitcointalk
[ANN] thread open for six weeks to the public. You
could have been founder 101. Since then, the
Dgex.com and Bter.com exchanges have enabled
well over a half-billion NXT “coins” to change handsfor under 0.1 mBTC each in only 90 days. NXT’s
parity dilution target price with BTC is 120X higher.
90 DAYS OF NXT/BTC RISING STRENGTH UNDER 0.1 mBTC
Key ongoing events: full open source code April 4;
continuing new feature announcements; listing of
NXT on Cryptsy and BTC38; and growing Chinese
acceptance of NXT as cheap and non-inflationary.
As a 100% Proof of Stake (PoS) “coin”, NXT doesn’t
mine (create) inflationary new coins daily like BTC –
it only forges (recycles) existing ones. PoS allows
cooperative selection of NXT node operators
(forgers, in the blacksmith sense of the term) to
generate new blocks in proportion to the total NXT
“coins” (or “stake”) they already own . They use
cheap CPU computers to receive transaction feesembedded in blocks they create and add to the NXT
blockchain. This method yields a small return on
current holdings – like savings account interest –but
enables a huge potential transaction time speedup.
NXT is a new, stable financial service ecosystem
based on non - inflationary “coins” and cooperating,
cheap, speedy nodes. Watch out, BTC. NXT is here!