Next Token (NXT)

Nxt is an open-source blockchain platform and the first to rely entirely on a proof-of-stake consensus protocol. Launched in November 2013 and written from scratch in Java, Nxt is proof that blockchain technology is not only about simple transfer of value but also has the potential to revolutionize many aspects of our lives with the various decentralized applications that can be built with it. Today, Nxt remains one of the most tested and reliable platforms in the industry, influencing numerous other projects. With its many easy to use modular built-in features, Nxt covers most of the dApp use cases and at the same time is perfectly suitable for private blockchain implementations.

Where did NXT come from?

Nxt is an iconic project in the history of blockchain development. Launched as early as November 2013 it represents the first pure proof of stake blockchain ever deployed. Started by an anonymous developer who disappeared shortly thereafter, with a crowdsale that raised only a symbolic amount, the Nxt project formed a wonderful community around it, and gave birth to many successful follow-up projects, including own Ardor platform.

*What are the advantages of NXT?** NXT has simple but flexible architecture makes blockchain adoption easy, and can be extended to fit any public or private use case.* Nxt was the first blockchain to launch a user-friendly and yet fully decentralized asset exchange. Anyone can issue and trade tokens on top of Nxt, and orders are matched and executed directly on the blockchain itself.* The Nxt blockchain has been live in production for more than 6 years withvirtually no downtime, no major bugs, and no successful exploits. Millions of Nxt transactions have been conducted reliably, establishing its reputation as one of the most secure platforms in the blockchain industry.