Nxt Foundation

Decentralized cryptocurrencies have been with us since the launch of Bitcoin in 2009, the first widely-adopted decentralized cryptocurrency. Bitcoin and other cryptocurrencies combine cutting-edge encryption technology with a decentralized peer-to-peer network of users and computer systems.

The advantages that cryptocurrencies can offer over traditional methods of payment are truly remarkable. They allow people to securely and safely store and transfer their money without the need for any external agency. For the first time in the history of finance, an individual can have complete control over their own funds online and can send money anywhere on the planet within a few minutes without relying on any banks, payment companies, or other third parties.

NXT is the digital currency that acts as the fuel for the Nxt ecosystem. In addition to it being used as a transaction fee when transferring NXT from one user to another, it is also used to create assets that can represent things like bonds or ownership of a project, create a decentralized poll on the blockchain, or storing arbitrary data on the blockchain. Of course, it can also be used as an external currency, in the same way that you can spend Bitcoins or dollars to buy goods and services.