If you are following Steemit trends and crypto-related news then you might have heard about the relatively new project Nexty. This Vietnamese startup offers a number of ready solutions for ecommerce businesses and regular customers. Their target audience are people who need very cheap and quick microtransactions on a daily basis.

Nexty link's:

WEBSITE
TELEGRAM
TWITER
FACEBOOK
ANN FORUM
WHITEPAPER

Existing problems of classic blockchains and Nexty’s solutions

Blockchains are considered better than traditional payment systems due to the decentralized structure, trustworthy community, complete privacy and immutability. However, the first iterations of blockchains are getting more and more inconvenient for daily use because of too many people using them. The Nexty developers decided to solve the issues of classic blockchains of Bitcoin and Ethereum by creating their own blockchain with a new consensus of Proof-of-Foundation.

In common, Nexty.io is a powerful fintech platform with its own ecosystem based on the above-mentioned blockchain and consensus. Fintech solutions are getting more relevant and required by venture capitalists and ecommerce businessmen. The Nexty team is going to assist tech startups and ecommerce businesses to collect funds.

In the nearest future, the Nexty team plans to launch SDK tools and software for implementing their services and apps to ecommerce-related websites. Their service is great for all crypto-users who are looking for free and very quick transactions. That is the main idea that gripped me after reading the Nexty’s whitepaper.

Nexty wants to change the current situation when businesses and regular users can’t use a consistent, available and free payment system. Other blockchains can’t fully compete with banking systems because they also have high commission fees and make users wait for confirmation of their transfers. Do you remember how long we had to wait before the validation of our Ethereum transactions in December 2017 and January 2018?

I have been using all 3 generation of blockchains during the last 10 years. And all these iterations have their faults and problems. Technological industries and financial structures can’t use them effectively or in symbiosis. The Nexty is going to deliver a single solution to all of these niches.

How does the Nexty’s ecosystem work?

The Nexty team delivers a unique ecosystem with p2p marketplace offering multiple lending options. Owners of a Nexty account can view the properties and deposit payments that can be paid with NTY coins. Using smart contracts of its blockchain, the Nexty ecosystem provides the verification of transactions. That’s why it is not a problem for the Nexty users to transfer cross-border, international and mobile transactions. No fees make this system the best choice for daily microtransactions.

Also, I’d like to mention that the Nexty team is going to grow bigger. First of all, they are going to provide Ecobank services by issuing loans and verifying smart contracts. Soon Nexty and Ecobank are planning to finish a collaboration with MasterCard. Such collaboration will make daily online transactions more available for regular users with a variety of options.

As you can see, the Nexty ecosystem has a great potential because its service has no competitors. Hurry up to support this platform.

Kazracage
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