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Nxt

Index Nxt

Nxt is an open source cryptocurrency and payment network launched in November 2013 by anonymous software developer BCNext. [1]

14 relations: Bitcoin, Complementary currency, Cryptocurrency, Decentralised system, European Securities and Markets Authority, Initial coin offering, Multisignature, Open-source model, Payment system, Peer-to-peer, Plug-in (computing), Proof-of-stake, Sandbox (computer security), Share (finance).

Bitcoin

Bitcoin (₿) is the world's first cryptocurrency, a form of electronic cash.

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Complementary currency

A complementary currency is a currency or medium of exchange which is not a national currency, but which is thought of as supplementing or complementing national currencies.

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Cryptocurrency

A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

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Decentralised system

A decentralised system in systems theory is a system in which lower level components operate on local information to accomplish global goals.

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European Securities and Markets Authority

The European Securities and Markets Authority (ESMA) is a European Union financial regulatory institution and European Supervisory Authority, located in Paris.

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Initial coin offering

An initial coin offering (ICO) or initial currency offering, a type of crowdfunding using cryptocurrencies, is a means of raising capital that has been prone to scams and securities law violations.

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Multisignature

Multisignature (multi-signature) is a digital signature scheme which allows a group of users to sign a single document.

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Open-source model

The open-source model is a decentralized software-development model that encourages open collaboration.

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Payment system

A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.

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Peer-to-peer

Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers.

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Plug-in (computing)

In computing, a plug-in (or plugin, add-in, addin, add-on, addon, or extension) is a software component that adds a specific feature to an existing computer program.

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Proof-of-stake

Proof of stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus.

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Sandbox (computer security)

In computer security, a sandbox is a security mechanism for separating running programs, usually in an effort to mitigate system failures or software vulnerabilities from spreading.

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Share (finance)

In financial markets, a share is a unit used as mutual funds, limited partnerships, and real estate investment trusts.

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References

[1] https://en.wikipedia.org/wiki/Nxt

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