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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 Gaya Blockchain?

GAYA Blockchain is the pioneering Layer-1 blockchain in the UAE, crafted to unify gaming, social interactions, decentralized finance (DeFi), non-fungible tokens (NFTs), and real-world assets within a single eco-friendly platform. Utilizing a Proof-of-Stake consensus mechanism, it is also compatible with the Ethereum Virtual Machine (EVM), enabling developers to efficiently create smart contracts and leverage widely-used development tools. The platform's cutting-edge architecture includes a "Cell-As-A-Service (CAAS)" data structure that enhances data serialization and distribution efficiency. Through the Gaya Wallet, users gain multichain, non-custodial access to the extensive ecosystem, which supports fiat transactions, in-app trading, staking options, and a gamified experience featuring an XP system that rewards user engagement and potentially increases eligibility for airdrops. The GAYA token serves various roles including covering transaction fees, providing staking rewards, facilitating governance within a decentralized autonomous organization (DAO), promoting ecosystem growth incentives, and enabling transactions within applications. Furthermore, its economic model features a dynamic gas pricing structure with partial fee burns to instigate deflationary effects, complemented by a strategic tokenomics approach that includes vesting schedules to maintain stability and sustainability in the blockchain’s expansion. This meticulously crafted design aspires to cultivate an active community while encouraging enduring engagement and participation throughout the platform. Ultimately, GAYA Blockchain seeks to redefine the digital landscape by merging diverse functionalities into a cohesive and user-friendly experience.

Media

Media

Integrations Supported

Gaya Wallet

Integrations Supported

Gaya Wallet

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Free
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

Gaya Blockchain

Date Founded

2024

Company Location

United Arab Emirates

Company Website

gayablockchain.io

Categories and Features

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