Ever since its release in May of this year, Nexty (NTY) has been making headlines for its revolutionary scalability. One major factor hindering the widespread use of cryptocurrencies was the lack of scalability of these currencies in comparison to payment methods such as PayPal or Visa.
First of all, what is scalability? Scalability is the capacity for a currency to expand beyond a small userbase. This is usually measured through transactions per second. Now, your good ol' bitcoin can only handle sixteen (that's 16) transactions per second. Ethereum, another popular cryptocurrency, has a similar amount of transactions per second, also sixteen. Even Litecoin, one of the most scalable mainstream cryptocurrencies, clocks out at only about 56 transactions per second. Compare this to more traditional payment methods, Paypal and Visa, handling about 193 and 1667 transactions per second respectively, and it is not hard to see why cryptocurrencies haven't taken over yet. However, NTY might be the revolutionary new cryptocurrency that we have all been hoping for, averaging 2000 transactions per second, faster than any established payment method out there, and much faster than any established cryptocurrency.
But what does this mean? Well, this could finally mean that the crypto-revolution we have all been waiting for is right around the corner. Whereas bitcoin transactions can take between thirty minutes and an hour, an NTY transaction will only take two seconds. That's right, this currency has managed to reduce the transaction time by a factor of one thousand! As this cryptocurrency starts replacing current transaction methods, trading volume will be able to increase exponentially. And all of that, only for the price of... absolutely nothing! Not only does NTY process your transaction at record speeds, it does it free of charge!
Since this currency is expected to get very popular within the next couple of months, its developers have implemented a new price stabilization system. In essence, it means that the effect of fluctuating demand, which would usually cause uncertainty (looking at you, bitcoin), will actually even out when it is reflected in the price. Despite how well past cryptocurrencies have been implemented, the forces of the market can have disastrous consequences on the future of a currency. There is a reason why most cryptocurrency exchanges are not really viewed as currency exchanges, but more as a stock market where people buy low and sell high. Even when NTY blows up, it will still be as much of a currency as US Dollars or Euros.
Now, you must be thinking: "Why haven't I heard of Nexty before?" Well, since it uses a revolutionary new algorithm, that was only devised recently, this cryptocurrency was only released in May, and is still only partially open source. However, by August, this project will be fully open source, opening the flood gates for everyone to check for themselves what this new currency is all about. So, for you skeptics out there, you'll be able to check for yourself that what I'm saying is true, and for the rest of you, get involved before it is too late.
Telegram: https://t.me/nexty.io