NXT : Not A Bitcoin Clone

Expanded Usability
Bitcoin 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.

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Network Simplicity
The 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.

NXT Goes Full Open Source April 4, 2014

CODERS WELCOMED!

Transaction Rapidity
Bitcoin uses 10+ minutes/block for a max throughput of 7 transactions per sec (TPS) using a 16GB (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.

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True Anonymity
Bitcoin 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-trustneeded zerocoin / zerocash protocol developed at John Hopkins University.

NXT
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Active Community
5000+ NXTers from 50+ countries are united in a friendly online community. We dont just talk, we act. Were growing fast. Please, come join us!

www.new2nxt.com

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. Dont wait on ethereal vaporware - join us in testing NXT Exchange TODAY!

NXT Is Green
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 Bitcoins 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.

The NXT Bottom Line

Last 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 hands for under 0.1 mBTC each in only 90 days. NXTs 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 doesnt 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 fees embedded 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!

NXT Future Days : to da moon!

Speaking of exchanges: Cryptsy is coming! On the Feb 8 Lets Talk Bitcoin #82 podcast at 13:30, Big Vern of Cryptsy commented: "[NXT] is not a cookie cutter cointechnical implementation [at Crypsy] is going to take a little more time...it's popularits fairI feel comfortable with [NXT].

Learn more: www.new2nxt.com

Drink from the firehose at our NXT pub threadif you dare: https://bitcointalk.org/index.php?topic=345619.0