Decentralizing the Future
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.
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Nxt was the first to implement a pure proof-of-stake consensus protocol. Reliable and energy efficient, with minimal hardware requirements, the ingenious Nxt proof-of-stake algorithm has passed the test of time, with no successful attacks in practice since its launch in 2013.
The Nxt software is designed as a universal framework for the ongoing distributed ledger technology transformation. Its 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 with virtually 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.