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What is Nxt?

Nxt is an innovative open-source blockchain platform that distinguished itself as the first to implement a fully proof-of-stake consensus mechanism. Launched in November 2013 and crafted entirely in Java, Nxt exemplifies the potential of blockchain technology to extend beyond simple value transactions, showcasing its capacity to revolutionize various areas of life through the creation of a wide range of decentralized applications. Today, Nxt is recognized as one of the most dependable and extensively tested platforms within the blockchain industry, influencing numerous other projects significantly. Featuring a broad selection of user-friendly, modular built-in functionalities, Nxt effectively caters to a vast majority of decentralized application requirements while also being adaptable for private blockchain implementations. Importantly, Nxt achieved the milestone of being the first to deploy a pure proof-of-stake consensus protocol, establishing a benchmark for subsequent initiatives in the field. Its forward-thinking design has not only enhanced its own capabilities but also contributed to the overall evolution of blockchain technology, encouraging continuous improvement and innovation across the sector. Ultimately, Nxt's legacy continues to inspire and shape the future of decentralized solutions.

What is Conflux?

Conflux serves as a vital link connecting creators, communities, and marketplaces across various borders and protocols. Its cutting-edge Tree-Graph consensus algorithm utilizes parallel processing to efficiently manage blocks and transactions, significantly minimizing confirmation times while increasing transactions per second (TPS). By implementing a thoroughly vetted Proof of Work (PoW) consensus, Conflux guarantees enhanced security and protects against reentrancy attacks at the protocol level. The platform also includes ShuttleFlow, a remarkably swift cross-chain asset bridge that facilitates seamless asset transfers among different protocols. Moreover, the Fee Sponsorship Mechanism allows individuals without a wallet balance to engage in blockchain activities, as sponsors can cover either partial or full transaction fees to aid in onboarding new users. To promote user interaction further, the built-in staking feature enables the development of innovative decentralized finance (DeFi) applications, and currently, staked tokens yield an annualized interest rate of 4%, sourced from additional token issuance. This comprehensive ecosystem not only empowers users but also cultivates a thriving environment for innovation across the blockchain realm, fostering a collaborative atmosphere that encourages diverse project development.

Media

Media

Integrations Supported

Bitquery
DEX Screener
HashKey Me
Kryptos
MoonSwap
Phantom
Trust Domains

Integrations Supported

Bitquery
DEX Screener
HashKey Me
Kryptos
MoonSwap
Phantom
Trust Domains

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Jelurida Swiss

Company Location

Switzerland

Company Website

www.jelurida.com/nxt

Company Facts

Organization Name

Conflux Network

Date Founded

2019

Company Website

confluxnetwork.org/en/

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