Nxter.org - Three unappreciated Nxt services

Nxter.org | Three unappreciated Nxt services

Nxter.org – Three unappreciated Nxt services

Nxt is a hugely versatile and powerful platform, with a massive range of functionality. Nxt’s current and upcoming releases have already incorporated capabilities that are each a sole or major focus for other coins – shuffling, decentralised asset exchange, voting, messaging and more. Few other platforms have anything like Nxt’s sheer number of tools.

Nxt is a hugely versatile and powerful platform, with a massive range of functionality. Nxt’s current and upcoming releases have already incorporated capabilities that are each a sole or major focus for other coins – shuffling, decentralised asset exchange, voting, messaging and more. Few other platforms have anything like Nxt’s sheer number of tools.

However, this extensive toolbox is both a strength and a weakness for Nxt. There are the killer services, like the AE, which has seen massive use since its launch 18 months ago. Then there are other functions such as Voting, which have seen some use. Others, like Aliasing, have attracted some interest but have yet to find a widespread use-case.

Then there are other features, each impressive in their own right, which have become all but lost under the other tools that are taken out and used on a daily basis. Three of these are the MS (Monetary System), Digital Marketplace, and Tokens.

Monetary System

The MS is a fantastic innovation that aims to simplify the creation and administration of new coins. It allows anyone to design and issue a new, off-the-peg cryptocurrency on top of Nxt – choosing from a list of features and using the Nxt blockchain to secure it, rather than bootstrapping a whole new network.

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