The NXT Generation
Blockchain
A blockchain safe haven for Investors and like-minded Entrepreneurs.
Read Our Whitepaper
Check out our whitepaper for an in-depth analysis of what, why, and how NXT Technologies Inc. aims to aid the blockchain industry and streamline enterprise adoption.
Why NXT?
NXT Technologies, Inc. is a Layer 1 permissioned blockchain company that is creating a global decentralized validator node ecosystem that will work directly with enterprise solutions, small business, and WEB 3.
Credible
NXT Technologies utilizes Hyperledgers collective of blockchain tools. Hyperledger is a project hosted by the Linux Foundation to help developers and companies work together to build collaborative blockchain projects. Designed by industry giants such as IBM, Intel, Samsung, and supported by J.P Morgan, and American express among many others. In this way, we ensure that our blockchain remains stable regardless of impending future laws put forward by the government or other regulating bodies.
Fast and Efficient
Not only can our blockchain support 500-1000 transactions per second, but NXT Technologies is hyper-focused solely on the blockchain and is a lean, highly specialized team of experts. This hyper-focus results in high efficiency and low overhead costs, which are passed onto our clients so they can focus on their business specialty. Consequently, we can generate time and cost savings, which we can provide to our customers.
Enterprise Driven
NXT Technologies attracts a vast audience of investors/customers. Our primary objective is to work with businesses to develop enterprise blockchain value addition, ranging from commerce to gaming, and consists of:
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- System of Record
- Auditing and Logging
- Monitoring
- Reporting and Regulatory Requirements
- Authentication, Authorization, and Accounting Requirements
Community Driven
In an industry that relies on individuals exchanging value with one another and combining into a decentralized consensus, nothing matters more than community. NXT Technologies harnesses its community's power as a varied, growing talent pool to build the NXT Technologies ecosystem. While simultaneously performing critical audits and vetting projects put forward – ensuring a secure and risk-free ecosystem on the NXT Technologies network.
Proof-of-Authority: Environmentally Friendly and Sustainable protocol
The consensus mechanism on NXTChain is Proof-of-Authority. Validators and Delegators work together to power NXTChain enabling the economy by staking within the network and acting according to the consensus rules. Participants receive rewards for successful validation of blocks to the NXT Network. Validators and Delegators are not responsible for ensuring the compliance of a transaction, only that the transaction has been properly completed by protocol rules.
Permissioned vs Permissionless
Closed; Requires permission to join the network and participate in consensus
Incrementally decentralized to fully centralized; A governing authority acts as a gatekeeper
Transactions are private
Speed and high performance
-scalable Networks
Energy-efficient
Development by private entities; Less mindshare
Governing authority provides certain level of trust in the system
Consensus is reached quickly because computations are less complex due to limited users
Public; Does not require permission to join the network & participate in consensus
Fully decentralized, no gatekeepers
Transactions are transparent and accessible
Slow transaction speed
- Difficult to scale
Consumes a lot of energy
Development open-source; More mindshare, as there are more developers
Trustless;
The maths provide the proof
Consensus takes longer to reach due network size and complexity of computations
Secure
Unmatched Security And The Preparation For A Trustless World: NXT Technologies enables safe interaction of transactions between any actors, even those who do not know or trust one another. It provides a platform for creating trust where it might not otherwise exist, creating completely new markets and business prospects. NXT Technologies is demonstrably secure against malicious actors and Sybil attacks thanks to our consensus mechanisms -- PBFT, Federated, Round-robin.
Incentavized participation
NXTChain has an incentive system that compensates users for their engagement, either as stake pool operators or stake delegators, in order to preserve the network's lifespan and health. Any NXTChain user with a proven identity can join and propose to any committee. Proposals need to be staked to prevent the system from spamming council or committee members. The Governing Council is operated by network participants and members and will be decentralized over time.
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- Governing Council --> Oversees all Committees
- Technical Team --> Oversees Technical Upgrades
- Economic Committee --> Overseeing Network Economy
- Corporate Governance and Nominating Committee
Scalable and Sustainable
Proof-of-Authority allows NXTchain to scale to satisfy demands with low energy consumption. A mix of new strategies, such as multi-ledger, side chains, and parallel transaction processing over multi-party state channels, are used to accomplish the performance-sustainability balance. As the number of stake pools rises, the network expands and parameters are defined and tweaked to gauge the allure of various stake pools. This network immediately rewards involvement. NXTChain is made to make sure that people who act in the network's best interests also act in their personal best interests. This guarantees the growth of a healthy ecosystem, which in turn protects the network's durability, health, and resilience both today and in the future. NXTChain is able to achieve the throughput necessary to satisfy the changing requirements of global systems, including financial, logistical, identity, and societal systems, because to the combination of sustainability and scalability.
