Data Storage Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Information for Data Storage Professionals
Welcome to the new I.T.
One that streamlines service delivery
Learn how with new I.T. from BMC

Discover it here: www.bmc.com
Monday, April 21st 
Real-time info services with Neustar
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Data Centers
Storage Solutions
Storage Networks
Data Storage Issues
Data Security
DST Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Press Releases

NXT Launches Next Generation of Cryptocurrency

NXT Launches Next Generation of Cryptocurrency
January 7, 2014 4:23PM


NXT Official Launch - NXT Generation of Cryptocurrency Begins Now -- Being the first of its kind, NXT breaks alt coin history by being 100% new Proof of Stake (PoS) code, 100% green, completely decentralized, and fast. NXT offers cutting edge features such as instant transaction confirmations, decentralized DNS/Trading, and Transparent Mining.

APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.

NXT is the NXT generation digital currency that is in a league all its own. With the first all-new 100% Proof of Stake (PoS) code base, NXT is not an alt coin based off Bitcoin code. NXT takes a different approach launching with many groundbreaking features and many more to come after the initial launch. Along with the official launch, NXT is releasing the source code to the general public.

NXT is 100% PoS which means no mining takes place in the traditional sense. Instead, NXT is earned by clients collecting transaction fees for securing the network and processing the transactions. This leads to a 100% green (low energy) "mining" that is environmentally friendly and does not waste massive amounts of electricity to maintain the network like it does with Bitcoin.

NXT is the first to offer instant transactions by utilizing Transparent Mining, a first of its kind algorithm. Transparent Mining allows NXT to have instant transactions that eliminates conformation wait times while still being extremely secure. Transparent Mining also allows NXT to reach transaction speeds comparable to VISA and Mastercard, with the advantage of NXT transactions remaining anonymous.

NXT offers other services such as the Decentralized Alias System (DNS). This allows users to register a NXT Alias that points to a Universal Resource Identifier (URI), which can be anything from a web address, NXT account number, email address, or even a phone number. If you have an Alias enabled web browser you can enter "nxt:[Alias]" which will take you to the specified URI, such as nxt:google takes to you http://www.google.com. Currently there are plugins available for Chrome and Firefox that utilize the Alias system.

Bitcoin has been described as decentralized programmable money. NXT can then be described as something akin to a decentralized programmable economy with the built in feature of money. NXT is already number six on coinmarketcap.com with an estimated value of $73.2 million. NXT starts the new generation of cryptocurrency as the first true descendant of Bitcoin.

Additional Information

To learn more: http://nxtcrypto.org
To trade NXT please go to: http://dgex.com/ ; https://nxtchg.com/
NXT thread on Bitcointalk: https://bitcointalk.org/index.php?topic=345619.0
NXT Source Code: http://goo.gl/PQeiPX
Press release: http://www.thenxtcoin.com/NXTOfficialLaunchPressRelease.pdf

Tell Us What You Think
Comment:

Name:

Have an informed opinion on this story?
Send a Letter to the Editor.
We want to know what you think.
Send us your Feedback.

 Related Topics  Latest News & Special Reports

  Heartbleed Exploit Could Cost Millions
  Michaels: Nearly 3M Cards Breached
  Malware Targets Facebook Users
  IBM Adds Disaster Recovery to SoftLayer
  How To Beat the Heartbleed Bug

 Technology Marketplace
Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
Heartbleed Could Cost Millions, Could Have Been Prevented
Early estimates of Heartbleed’s cost to enterprises are running in the millions. The reason: revoking all the SSL certificates the bug exposed will come at a very hefty price. Some say it all could have been avoided.
 
Michaels Says Nearly 3M Credit, Debit Cards Breached
Arts and crafts retail giant Michaels Stores has confirmed that a data breach at its POS terminals from May 2013 to Jan. 2014 may have exposed nearly 3 million customer credit and debit cards.
 
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
The innovative headpiece may find its niche in markets where hands-free access to data can be a big advantage. Glass experiments for doctors are already under way, with some promising results.
 

Navigation
Data Storage Today
Home/Top News | Data Centers | Storage Solutions | Storage Networks | Data Storage Issues | Data Security | DST Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Data Storage Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.