Nxt

Nxt is an open-source blockchain platform that pioneered the implementation of a proof-of-stake consensus protocol. Launched in November 2013 and developed entirely in Java, Nxt demonstrates that blockchain technology transcends simple value transfer, enabling decentralized applications. As one of the most tested and reliable platforms in the industry, Nxt has continually influenced numerous projects while maintaining user-friendly modular built-in features that cater to both decentralized application (dApp) use cases and private blockchain implementations.

The Nxt blockchain distinguishes itself with its energy-efficient proof-of-stake consensus algorithm, which has endured the test of time with no known successful attacks since its inception. This innovative framework offers minimal hardware requirements and serves as a universal platform for advancing distributed ledger technology. Nxt’s simple yet flexible architecture encourages widespread blockchain adoption, making it adaptable for various public and private use cases.

Revolutionizing the blockchain space, Nxt introduced the first fully decentralized and user-friendly asset exchange, allowing users to issue and trade tokens directly on its platform. With a proven track record of stability, the Nxt blockchain has maintained over six years of live production with minimal downtime, no major bugs, and no successful exploits. This reliability is underscored by millions of transactions, establishing Nxt as one of the most secure platforms within the blockchain industry.