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| {{Other uses|NXT (disambiguation){{!}}NXT}} | {{Other uses|NXT (disambiguation){{!}}NXT}} | ||
| {{update|date=March 2021}} | |||
| {{Blacklisted-links|1= | {{Blacklisted-links|1= | ||
| *https://bitcointalk.org/index.php?topic=303898.0 | *https://bitcointalk.org/index.php?topic=303898.0 | ||
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| *https://bitcointalk.org/index.php?topic=303898.msg3620732#msg3620732 | *https://bitcointalk.org/index.php?topic=303898.msg3620732#msg3620732 | ||
| *:''Triggered by <code>\bbitcointalk\.org\b</code> on the global blacklist''|bot=Cyberbot II|invisible=true}} | *:''Triggered by <code>\bbitcointalk\.org\b</code> on the global blacklist''|bot=Cyberbot II|invisible=true}} | ||
| {{Infobox |
{{Infobox cryptocurrency | ||
| | Name = Nxt | |||
| | image_1 = ] | | image_1 = ] | ||
| | image_title_1 = Nxt Logo | | image_title_1 = Nxt Logo | ||
| | issuing_authority_title = Administration | | issuing_authority_title = Administration | ||
| | issuing_authority = ] <br /> ] consensus. |
| issuing_authority = ] <br /> ] consensus. | ||
| | date_of_introduction = 24 November 2013 |
| date_of_introduction = 24 November 2013 | ||
| | date_of_introduction_source = | | date_of_introduction_source = | ||
| | using_countries = Global | | using_countries = Global | ||
| | inflation_rate = Disinflationary. All coins were distributed after IPO (28 September 2013 - 26 November 2013). | | inflation_rate = Disinflationary. All coins were distributed after IPO (28 September 2013 - 26 November 2013). | ||
| | issuing_authority_website = {{url|https://www.jelurida.com/nxt}} | |||
| | license = MIT<ref name=Nxt-MIT-License /> | |||
| | issuing_authority_website = | |||
| | symbol = NXT | | symbol = NXT | ||
| | nickname = Nxtcoin (also incorrectly referred to as Nextcoin) | | nickname = Nxtcoin (also incorrectly referred to as Nextcoin) | ||
| | no_plural = TRUE | |||
| | subunit_ratio_1 = 1 | | subunit_ratio_1 = 1 | ||
| | subunit_name_1 = NXT |
| subunit_name_1 = NXT | ||
| | subunit_ratio_2 = 10<sup>−8</sup> | | subunit_ratio_2 = 10<sup>−8</sup> | ||
| | subunit_name_2 = nxtQuant | | subunit_name_2 = nxtQuant | ||
| | subunit_inline_note_2 =(smallest unit) | | subunit_inline_note_2 =(smallest unit) | ||
| | subunit_symbol_2 = NQT | |||
| | frequently_used_coins = | | frequently_used_coins = | ||
| | printer = | |||
| | mint = | |||
| }} | }} | ||
| '''NXT''' is an ]{{cn|date=March 2022}} ] and ] launched in 2013 by anonymous software developer ''BCNext''.<ref name="DeMartino2016">{{cite book |last=DeMartino |first=Ian |date=2016 |title=The Bitcoin Guidebook: How to Obtain, Invest, and Spend the World's First Decentralized Cryptocurrency |url=https://books.google.com/books?id=_LGJDAAAQBAJ&pg=PT194 |location=New York |publisher=] |isbn=978-1-63450-524-6 |access-date=2018-11-21 }}</ref> It uses ] to reach consensus for transactions—as such, there is a static money supply. Unlike ], there is no mining.<ref name="Prypto2016">{{cite book |author=Prypto |date=2016 |title=Bitcoin for Dummies |url=https://books.google.com/books?id=xw0lCgAAQBAJ |location=Hoboken, New Jersey |publisher=] |page=170 |isbn=978-1-119-07613-1 |access-date=2018-11-21 }}</ref><ref name="Ciaiana2018">{{cite journal |last1=Ciaiana |first1=Pavel |last2=Rajcaniova |first2=Miroslava |last3=Kancs |first3=d'Artis |date=January 2018 |title=Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets |journal=Journal of International Financial Markets, Institutions and Money |publisher=] |issn=1042-4431 |volume=52 |pages=173–195 |doi=10.1016/j.intfin.2017.11.001 |arxiv=1706.07216 |s2cid=113405558 }}</ref> NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (''Ardor''), a blockchain-as-a-service multichain platform developed by ], and ]<ref>{{cite web |title=Ardor - Getting started |url=https://ardordocs.jelurida.com/Getting_started |publisher=Jelurida |language=en}}</ref> the current steward of NXT as of 2021.<ref>{{Cite web|title=About Jelurida {{!}} Jelurida|url=https://www.jelurida.com/about|access-date=2021-03-10|website=www.jelurida.com}}</ref> NXT has been covered extensively in the "Call for Evidence" report by ].<ref>{{cite web |title=Call for evidence, Investment using virtual currency or distributed ledger technology |url=https://www.esma.europa.eu/sites/default/files/library/2015/11/2015-532_call_for_evidence_on_virtual_currency_investment.pdf |publisher=ESMA |language=en}}</ref> | |||
| '''Nxt''' is an ] ] and ] launched in November 2013 by anonymous software developer ''BCNext''. It uses ] to reach consensus for transactions—as such there is a static money supply and, unlike ], no mining. Nxt was specifically conceived as a flexible platform around which to build applications and financial services.<ref name=nxt-infrastructure>{{cite web|title=Nxt Wants to Be a Digital Infrastructure of Everything|url=http://cointelegraph.com/news/113123/nxt-wants-to-be-a-digital-infrastructure-of-everything|website=]|accessdate=22 December 2014}}</ref> It has an integrated Asset Exchange (comparable to ]), messaging system and marketplace. Users can also create new currencies within the system. The last major release enabled ] capabilities and a plugin-system for the client.<ref name=nxt-phasing-news /> | |||
| Nxt has been covered extensively in the "Call for Evidence" report by ],<ref name="esma-report">{{Cite web|url = http://www.finextra.com/finextra-downloads/newsdocs/esma_call_for_evidence.pdf|title=Call for evidence Investment using virtual currency or distributed ledger technology}}</ref> to which the Nxt community responded in July 2015.<ref>{{Cite web|url = http://www.esma.europa.eu/system/files/esma_report._mr_lopez._spain._0.pdf|title = European Securities and Markets Authority Report|date = 2015-07-21|last = LOPEZ PORTO|first = Marcos José}}</ref> | |||
| == History == | == History == | ||
| NXT was created with a total of one billion coins.<ref name="Franco2015">{{cite book |last=Franco |first=Pedro |date=2015 |title=Understanding Bitcoin: Cryptography, Engineering and Economics |url=https://books.google.com/books?id=erMQBQAAQBAJ&pg=PA203 |location=Chichester, West Sussex |publisher=] |pages=203–204 |isbn=978-1-119-01916-9 |access-date=2018-11-21 }}</ref> On 28 September 2013, BCNext created a forum thread announcing the proposed launch of NXT as a second generation cryptocurrency and asked for small bitcoin donations to determine how to distribute the initial stake. On 18 November 2013, fundraising for NXT was closed. | |||
| NXT was created without announcing any ICO (]) with total 1,000,000,000 coins amount. On 28 September 2013 Bitcointalk.org member BCNext created a forum thread announcing the proposed launch of Nxt as a second generation cryptocurrency and asking for small bitcoin donations to determine how to distribute the initial stake. On 18 November 2013 fundraising for Nxt was closed.<ref name=fundraising-over /> The genesis block was published on 24 November 2013. It revealed that 1,000,000,000 coins had been distributed to 73 stakeholders in proportion to their level of contribution.<ref name=genesis-account /> The source code was partially released on 3 January. The full source code was released on 1 March 2014 under the ].<ref name=Nxt-MIT-License>{{cite web|title=nxt - source code MIT license|url=https://bitbucket.org/JeanLucPicard/nxt/src/26c66767f26c150398635c7414b5a2893fcdd35a/MIT-license.txt?at=master|website=Bitbucket.org|accessdate=21 December 2014}}</ref> On November 9th 2015 Farla Webmedia launched a project on the NXT Asset Exchange.<ref>{{cite news|title=NXT Asset Exchange And Farla Webmedia Legal Concerns|url=https://cointelegraph.com/news/nxt-asset-exchange-and-farla-webmedia-legal-concerns|agency=Cointelegraph|date=18 November 2015}}</ref> In July 2016 NXT has launched the full suite of Smart Transaction templates. Meant to serve as building blocks for businesses to construct Blockchain solutions for particular problems.<ref>{{cite news|title=NXT/Ardor Platform to Make Blockchain Cheaper and Safer|url=https://cointelegraph.com/news/nxtardor-platform-to-make-blockchain-cheaper-and-safer|agency=Cointelegraph|date=27 July 2016}}</ref> | |||
| The ] collected 21 ]s that were worth US$17,000.<ref name="Lee2018">{{cite book |last1=Lee |first1=David Kuo Chen |last2=Low |first2=Linda |date=2018 |title=Inclusive FinTech: Blockchain, Cryptocurrency and ICO |url=https://books.google.com/books?id=HCpjDwAAQBAJ&pg=PA90 |location=New York |publisher=] |page=90 |isbn=978-981-3272-76-7 |access-date=2018-11-21 }}</ref> | |||
| == Concept == | |||
| Just as with ], the ] is at the core of this currency. But Nxt is written completely from scratch<ref name=yahoo-2014 /> and has departed in several ways from existing cryptocurrencies. Most notably, in one of his founding statements, BCNext asked the community not to consider the NXT coin as the important part, but rather to create currencies on top of it<ref name=BCNext-statements /> - possibly devaluing the core currency. | |||
| In July 2016, NXT launched Smart Transaction templates, which were meant to serve as building blocks for businesses to construct Blockchain solutions for particular problems.<ref>{{Cite web|date=2016-07-26|title=Nxt Core Team launches full suite of Smart Transactions|url=https://www.econotimes.com/Nxt-Core-Team-launches-full-suite-of-Smart-Transactions-240721|access-date=2021-03-11|website=EconoTimes|language=en}}</ref> | |||
| * Nxt is coded in ]. | |||
| * Nxt was the first currency to rely purely on ] for consensus. Allowing a block creation rate of roughly one minute.<ref name=simulating-forging /> | |||
| * The standard client works as a brain-wallet: Instead of storing keys in a ] file, security works via a secret passphrase. This means it can be accessed from any instance of the Nxt software.]{{citation needed|date=September 2015}} | |||
| == NXT cryptocurrency == | |||
| The basic unit of account of the crypto platform is a cryptocurrency, which has the designation NXT. On July 29, 2014, Danish cryptocurrency exchange service CCEDK began offering NXT to fiat money for exchange.<ref>{{Cite news|title=Bitcoin Is Challenged as Danish Bourse Offers NXT Trading|url=https://www.bloomberg.com/news/articles/2014-07-18/bitcoin-dominance-challenged-as-danish-bourse-offers-nxt-trading|access-date=2024-04-20|work=www.bloomberg.com|date=18 July 2014 }}</ref><ref>{{Cite web|title=Bitcoin competitor NXT in modest start to trade vs the dollar|url=https://www.reuters.com/article/2014/07/21/us-denmark-bitcoin-idUSKBN0FQ1AZ20140721/|access-date=2024-04-20|work=www.reuters.com}}</ref> | |||
| The core structure and the client features are aimed at facilitating external development. | |||
| * No centralized service is needed for accessing the API, not even a node run by the developer, since named peers of the network can be directly accessed via API calls.<ref name=nxtpeers-API /> | |||
| == Critique == | |||
| === Proof-of-stake consensus mechanism=== | |||
| On September 15, 2014, a tweet by one of Bitcoin's developers, Jeff Garzik has been vocal about the vulnerability of Nxt technology and the closed nature of the development process.<ref>{{Cite news|title=Bitcoin Pioneer Skeptical of the Latest Satoshi Nakamoto|url=https://www.bloomberg.com/news/articles/2019-08-19/bitcoin-pioneer-skeptical-of-the-latest-satoshi-nakamoto-claim|access-date=2024-04-20|work=www.bloomberg.com|date=19 August 2019 }}</ref><ref>{{Cite web|title=Bitcoin developer chats about regulation, open source, and the elusive Satoshi Nakamoto|url=https://www.pcworld.com/article/451943/bitcoin-developer-talks-regulation-open-source-and-the-elusive-satoshi-nakamoto.html|access-date=2024-04-20|work=www.pcworld.com}}</ref> | |||
| While bitcoin uses ] for verifying transactions, Nxt works with the ] the user owns. Block authors are selected in a practically random manner, with greater amounts of stake increasing the likelihood of adding a block to the chain.<ref name="Nxt whitepaper" /> While in the case of bitcoin the cost of investing in mining gear serves as an incentive not to attack the network, anyone seeking to attack Nxt would in the process necessarily reduce the value of their personal coin holdings. This has been argued to effectively avoid the security issue of a miner gaining more than 50% of the hashing power and attacking the network.<ref name=bitcoin-vulnerability>{{cite arXiv|last1=Eyal|first1=Ittay|last2=Gun Sirer|first2=Emin|title=Majority is not Enough: Bitcoin Mining is Vulnerable|arxiv=1311.0243}}</ref> | |||
| == Features == | |||
| The core infrastructure of Nxt is complex. This adds risks as compared to the more lean bitcoin, but makes it easier for external services to be built on top of the blockchain.<ref name=nxt-infrastructure /> | |||
| ===Asset exchange=== | |||
| ] | |||
| A peer-peer exchange allowing decentralized trading of ], ]s. Since the blockchain is an unalterable public ledger of transactions, the Asset Exchange provides a trading record for items other than Nxt. To do this, Nxt allows the designation or "coloring" of a particular coin, which builds a bridge from the virtual crypto-currency world to the physical world. The "colored coin" can represent property, stocks/bonds, commodities, or even concepts.<ref name="asset-exchange">{{cite web|title=Crypto 2.0 Roundup: Bitcoin's Revolution Moves Beyond Currency|url=http://www.coindesk.com/crypto-2-0-roundup-bitcoins-revolution-moves-beyond-currency/|website=Coindesk|accessdate=25 September 2015}}</ref><ref name="asset-exchange-2">{{cite web|title=Crypto 2.0 Roundup: Bitcoin's Revolution Moves Beyond Currency|url=http://cryptosource.org/open-source-cryptocurrency-nxt-is-now-finishing-testing-asset-exchange-and-was-added-on-cryptsy/|accessdate=25 September 2015|ref=3 March 2014}}</ref> Most of the assets available at the platform represent shares of cryptocurrency-related startups.<ref name="asset-exchange-stats">{{cite web|title=Asset Exchange - assets list|url=https://www.mynxt.info/assets/|accessdate=29 July 2016|ref=29 July 2016}}</ref> | |||
| ===Data storage=== | |||
| Arbitrary Messages enable the sending of encrypted or plain text, which can also function to send and store up to 1000 bytes of data permanently, or 42 kilobytes of data for a limited amount of time. As a result, it can be used to build file-sharing services, decentralized applications, and higher-level Nxt services.<ref name="esma-report" /> | |||
| ===Alias System=== | |||
| The Alias System feature of Nxt essentially allows one piece of text to be substituted for another, so that keywords can be used to represent other things – names, telephone numbers, physical addresses, web sites, account numbers or emails. This would for example allow for a decentralized ] similar to ].<ref name="alias-system">{{cite web|title=NXT is Powering a Decentralized Voting System and Twitter|url=https://www.cryptocoinsnews.com/nxt-decentralized-voting-system-twitter/|website=Cryptocoinsnews|accessdate=25 September 2015}}</ref> | |||
| ===Voting system=== | |||
| Allowing holders of the currency or Nxt-Assets to vote in a cryptographically proven and externally verifiable way. This can be used for future development decisions, or for shareholder voting. It can also be applied to public elections and community based decision-making.<ref name="nxt-phasing-news" /> | |||
| ===Plugin support=== | |||
| ].]]The standard Nxt client supports the installation of ]. This makes it possible for external developers to add features or usability enhancements. The plug-ins are not contained in a ].<ref name="plug-in-store">{{cite web|title=Nxt Wants Developers to Unleash Apps Via New Plug-in Store|url=http://cointelegraph.com/news/113156/nxt-wants-developers-to-unleash-apps-via-new-plug-in-store|website=cointelegraph.com|accessdate=25 September 2015}}</ref> | |||
| ===Monetary System=== | |||
| Implemented in version 1.4.8,<ref name=nxter-MS-client>{{cite web|title=Nxt Monetary System NRS client 1.4.8|url=http://nxter.org/nxt-monetary-system-nrs-released/|website=nxter.org|accessdate=15 January 2015}}</ref> the Monetary System allows the creation of currencies on the Nxt blockchain.<ref name=ms-testnet>{{cite web|title=Nxt Monetary-System on public testnet|url=http://nxter.org/nxt-monetary-system-on-public-testnet/|website=nxter.org|accessdate=22 December 2014}}</ref><ref name=monetary-system-description>{{cite web|title=description of the Monetary System|url=https://bitbucket.org/JeanLucPicard/nxt/issue/136/monetary-system|website=bitbucket.org|accessdate=22 December 2014}}</ref> These coins are backed by a specified amount of NXT, which can be redeemed if necessary. The possible properties range widely – including different models of inflation, exchange and the use of Proof-of-Work as distribution system.<ref name="monetary system">{{cite web|title=NXT Monetary System Infrastructure Allows Creation of New Cryptocurrencies On NXT Blockchain|url=https://finance.yahoo.com/news/nxt-monetary-system-infrastructure-allows-110700344.html|website=Yahoo Finance|accessdate=25 September 2015}}</ref> | |||
| ===Multi-signature and phased transactions=== | |||
| The latest client (1.5) supports a method (named ''Phasing'' for Nxt) for requiring specific conditions for executing a transaction.<ref name=nxt-phasing-news /> Such as approval of multiple accounts or the passage of an interval of time. | |||
| == Criticism == | |||
| === Nothing at stake attacks=== | |||
| It is proposed that one could attack any proof-of-stake currency with zero costs.<ref>{{cite web|last1=Houy|first1=Nicolas|title=It Will Cost You Nothing to 'Kill' a Proof-of-Stake Crypto-Currency|ssrn=2393940|website=papers.ssrn.com|publisher=University of Lyon 2|accessdate=22 December 2014}}</ref> There are several proposed attack vectors. These include attempting to build blocks in every fork in the network, because doing so costs them almost nothing and ignoring any fork may mean losing out on the block rewards that would be earned if that fork were to become the chain with the largest cumulative difficulty. | |||
| === Distribution === | |||
| Since Nxt had no mining phase, all initial units were released to 73 people through a one-time fund raiser via bitcoins, after the announcement of the NXT project in the bitcointalk-forums by its inventor BCnext.<ref>{{cite web|title= Nxt :: descendant of Bitcoin|url=https://bitcointalk.org/index.php?topic=303898.0|accessdate=20 May 2014}}</ref> | |||
| === User-generated passwords === | |||
| To access an account, the user types a password or a passphrase from which a private key is calculated, unlike bitcoin, where private keys are typically stored in a wallet file and not directly visible to the user.{{citation needed|date=September 2015}} | |||
| == 3rd party use == | |||
| === Local economies === | |||
| On 18 September 2015, Wall Street investor Brian Kelly announced he would be investing in the Nxt-based platform Drachmae, which has as its aim the revitalisation of the local economy of the Greek Island ].<ref>{{Cite web|title = Brian Kelly Capital Investing In First 'Fully Deployable' Digi Currency Ecosystem|url = https://www.forbes.com/sites/rogeraitken/2015/09/18/brian-kelly-capital-investing-in-first-fully-deployable-digi-currency-ecosystem/|accessdate = 2015-09-19|first = Roger|last = Aitken}}</ref> | |||
| ==See also== | |||
| * ] | |||
| * Burstcoin | |||
| * ] | |||
| * ] | |||
| * ] | |||
| ==References== | ==References== | ||
| {{reflist |
{{reflist|colwidth=30em}} | ||
| <ref name=BCNext-statements>{{cite web|title=BCNext Founding Statements|url=http://nxter.org/bcnexts-nxt/|website=nxter.org|accessdate=22 December 2014}}</ref> | |||
| <ref name="Nxt whitepaper">{{cite web |url=http://wiki.nxtcrypto.org/Whitepaper:Nxt |title=Nxt Whitepaper|accessdate=2014-03-09}}</ref> | |||
| <ref name=fundraising-over>{{cite web|title=NXT Fundraising Over|url=https://bitcointalk.org/index.php?topic=303898.msg3620732#msg3620732|website=bitcointalk.org|accessdate=22 December 2014}}</ref> | |||
| <ref name=genesis-account>{{cite web|title=Genesis-Account|url=http://mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818|website=mynxt.info Blockexplorer|accessdate=21 December 2014}}</ref> | |||
| <ref name=yahoo-2014>{{cite news | url=http://uk.news.yahoo.com/cryptocurrency-news-round-mt-gox-fire-sale-jamaica-094623409.html | title=Cryptocurrency News Round-Up: Mt Gox Fire Sale as Jamaica Bobsled Rides Again | date=2014-02-17 | publisher=IBTimes }}</ref> | |||
| <ref name=forging>{{cite web|last1=mthcl (pseudonymous)|title=The math of Nxt forging|url=http://www.docdroid.net/file/view/e29h/forging0-5-1.pdf|website=pdf on docdroid.net|accessdate=22 December 2014}}</ref> | |||
| <ref name=nxtpeers-API>{{cite web|title=Nxtpeers API|url=http://nxtpeers.com/api.php|website=nxtpeers.com|accessdate=15 January 2015}}</ref> | |||
| <ref name=nxt-phasing-news>{{cite web|title=NXT Phasing News|url=http://cointelegraph.com/news/114498/nxt-releases-voting-system-and-escrowed-transactions|website=Cointelegraph|accessdate=14 June 2015}}</ref> | |||
| <ref name=simulating-forging>{{cite web|last1=Chepurnoy|first1=Alexander|title=Nxt forging algorithm: simulating approach|url=https://www.scribd.com/doc/243341106/nxtforging-1|website=scribd.com|accessdate=22 December 2014}}</ref> | |||
| }} | |||
| == External links == | == External links == | ||
| {{Commons category|Nxt}} | {{Commons category|Nxt}} | ||
| * {{Official website|https://nxt.org/}} | * {{Official website|https://nxt.org/}} | ||
| * | |||
| {{Cryptocurrencies}} | |||
| {{Portal bar|Cryptography|Economics|Free software|Numismatics}} | |||
| {{Cryptocurrencies|state=expanded}} | |||
| {{Portal bar|Economics|Free and open-source software|Numismatics}} | |||
| ] | |||
| ] | ] | ||
| ] | ] | ||
| ] | ] | ||
| ] | |||
| ] | ] | ||
| ] | |||
| ] | ] | ||
Latest revision as of 15:32, 6 October 2024
For other uses, see NXT. | This article needs to be updated. Please help update this article to reflect recent events or newly available information. (March 2021) |
 Nxt Logo | |
| Denominations | |
|---|---|
| Symbol | NXT |
| Nickname | Nxtcoin (also incorrectly referred to as Nextcoin) |
| Subunits | |
| 1 | NXT |
| 10 | nxtQuant |
| Demographics | |
| Official user(s) | Global |
| Administration | |
| Issuing authority | Administration Decentralized peer-to-peer consensus. |
| Date of introduction | 24 November 2013 |
| Inflation_rate | Disinflationary. All coins were distributed after IPO (28 September 2013 - 26 November 2013). |
| Website | |
| Authority website | www |
NXT is an open source cryptocurrency and payment network launched in 2013 by anonymous software developer BCNext. It uses proof-of-stake to reach consensus for transactions—as such, there is a static money supply. Unlike Bitcoin, there is no mining. NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (Ardor), a blockchain-as-a-service multichain platform developed by Jelurida, and IoTeX (cryptocurrency) the current steward of NXT as of 2021. NXT has been covered extensively in the "Call for Evidence" report by ESMA.
History
NXT was created with a total of one billion coins. On 28 September 2013, BCNext created a forum thread announcing the proposed launch of NXT as a second generation cryptocurrency and asked for small bitcoin donations to determine how to distribute the initial stake. On 18 November 2013, fundraising for NXT was closed.
The initial coin offering collected 21 bitcoins that were worth US$17,000.
In July 2016, NXT launched Smart Transaction templates, which were meant to serve as building blocks for businesses to construct Blockchain solutions for particular problems.
NXT cryptocurrency
The basic unit of account of the crypto platform is a cryptocurrency, which has the designation NXT. On July 29, 2014, Danish cryptocurrency exchange service CCEDK began offering NXT to fiat money for exchange.
Critique
On September 15, 2014, a tweet by one of Bitcoin's developers, Jeff Garzik has been vocal about the vulnerability of Nxt technology and the closed nature of the development process.
References
- DeMartino, Ian (2016). The Bitcoin Guidebook: How to Obtain, Invest, and Spend the World's First Decentralized Cryptocurrency. New York: Skyhorse Publishing. ISBN 978-1-63450-524-6. Retrieved 2018-11-21.
- Prypto (2016). Bitcoin for Dummies. Hoboken, New Jersey: John Wiley & Sons. p. 170. ISBN 978-1-119-07613-1. Retrieved 2018-11-21.
- Ciaiana, Pavel; Rajcaniova, Miroslava; Kancs, d'Artis (January 2018). "Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets". Journal of International Financial Markets, Institutions and Money. 52. Elsevier: 173–195. arXiv:1706.07216. doi:10.1016/j.intfin.2017.11.001. ISSN 1042-4431. S2CID 113405558.
- "Ardor - Getting started". Jelurida.
- "About Jelurida | Jelurida". www.jelurida.com. Retrieved 2021-03-10.
- "Call for evidence, Investment using virtual currency or distributed ledger technology" (PDF). ESMA.
- Franco, Pedro (2015). Understanding Bitcoin: Cryptography, Engineering and Economics. Chichester, West Sussex: John Wiley & Sons. pp. 203–204. ISBN 978-1-119-01916-9. Retrieved 2018-11-21.
- Lee, David Kuo Chen; Low, Linda (2018). Inclusive FinTech: Blockchain, Cryptocurrency and ICO. New York: World Scientific. p. 90. ISBN 978-981-3272-76-7. Retrieved 2018-11-21.
- "Nxt Core Team launches full suite of Smart Transactions". EconoTimes. 2016-07-26. Retrieved 2021-03-11.
- "Bitcoin Is Challenged as Danish Bourse Offers NXT Trading". www.bloomberg.com. 18 July 2014. Retrieved 2024-04-20.
- "Bitcoin competitor NXT in modest start to trade vs the dollar". www.reuters.com. Retrieved 2024-04-20.
- "Bitcoin Pioneer Skeptical of the Latest Satoshi Nakamoto". www.bloomberg.com. 19 August 2019. Retrieved 2024-04-20.
- "Bitcoin developer chats about regulation, open source, and the elusive Satoshi Nakamoto". www.pcworld.com. Retrieved 2024-04-20.
External links
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