Nexty Platform

Nexty platform is a huge stride towards the future of payment. We have been accustomed to using hard cash or bank transfer whenever we are part of a transaction, but Nexty is introducing us to a faster, cheaper and secure means of making payments. This platform assures its clients of instant transfer, zero transfer fees, and a price stabilization system.

Despite the extensive research and innovations that have been done on the banking systems, some transactions still take up to three days which is too long for an entrepreneur or a client with daily payment arrangements. The world is also trying to be small village through globalization but the constraint of difference in currencies and the ever-fluctuating exchange rate has made that goal an impossible one.

Nexty is making it easier to get there due to the use of NTY coins. One NTY coin is worth $0.000385, the price can be translated to any currency and one can buy the coins. After having the coins wherever the holder goes to and wants to transact there will be no exchange rates due to the stability of the price of the coin regardless of location.

Being a fintech ecosystem means that Nexty has merged finances with technology to improve the quality and quantity of transactions done in the financial world. The technological aspect of the platform made it possible to come up with a Duo Cryptocurrency

confirmation System (DCCS). Implementation of the DCCS is what enabled the system to support instant transfer and Zero transaction fees.

The DCCS includes two cryptocurrencies: NTY which is the main currency used in daily transactions and NTF which is for the transaction confirmation system. NTF holders are rewarded at the end of every month for being the pioneers and also building the transfer confirmation system. However, NTY holders are the legitimate account holders in the platform and are the only ones with the right to vote. NTY holders vote for anything that that might affect operation within the platform now or in the future.

In case one wants to pay a retailer for goods bought the procedure is as simple as scanning the Quick Response (QR) code of the retailer, then typing in the amount he/ she intends to send then followed by confirming their password, immediately the coins will be transferred to the retailer without any extra costs.

In the world of cryptocurrencies, Nexty is making strides that no other fintech ecosystem has achieved so far. When it comes to the block time Nexty has an average block time of 2second while Bitcoins takes an average of 10 minutes, Ethereum takes 15 seconds and Cardano takes 20 seconds. Nexty can handle up to 1800 transactions per second while Bitcoins can take only 7 transactions per second, Ethereum takes 20 transactions per second and Cardano can do 257 transactions per second. When it comes to transaction fees, Bitcoins charge $1.7, Ethereum $0.19, Cardano $0.15 while Nexty charge $0 as their transaction fee. Bitcoins circulating supply is at 17 million while Ethereum is at 99 million, Cardano is at 25 million and Nexty has the highest at 180 million. The analysis done above shows Nexty’s superiority to the other platforms which makes it the best for any and all transactions.