Nxt

{{Other uses|NXT (disambiguation){{!}}NXT}}

{{update|date=March 2021}}

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{{Infobox cryptocurrency

| image_1 = 250px

| image_title_1 = Nxt Logo

| issuing_authority_title = Administration

| issuing_authority = Decentralized
peer-to-peer consensus.

| date_of_introduction = 24 November 2013

| date_of_introduction_source =

| using_countries = Global

| inflation_rate = Disinflationary. All coins were distributed after IPO (28 September 2013 - 26 November 2013).

| issuing_authority_website = {{url|https://www.jelurida.com/nxt}}

| symbol = NXT

| nickname = Nxtcoin (also incorrectly referred to as Nextcoin)

| subunit_ratio_1 = 1

| subunit_name_1 = NXT

| subunit_ratio_2 = 10⁻⁸

| subunit_name_2 = nxtQuant

| subunit_inline_note_2 =(smallest unit)

| frequently_used_coins =

}}

NXT is an open source{{cn|date=March 2022}} cryptocurrency and payment network launched in 2013 by anonymous software developer BCNext.{{cite book |last=DeMartino |first=Ian |date=2016 |title=The Bitcoin Guidebook: How to Obtain, Invest, and Spend the World's First Decentralized Cryptocurrency |url=https://books.google.com/books?id=_LGJDAAAQBAJ&pg=PT194 |location=New York |publisher=Skyhorse Publishing |isbn=978-1-63450-524-6 |access-date=2018-11-21 }} It uses proof-of-stake to reach consensus for transactions—as such, there is a static money supply. Unlike Bitcoin, there is no mining.{{cite book |author=Prypto |date=2016 |title=Bitcoin for Dummies |url=https://books.google.com/books?id=xw0lCgAAQBAJ |location=Hoboken, New Jersey |publisher=John Wiley & Sons |page=170 |isbn=978-1-119-07613-1 |access-date=2018-11-21 }}{{cite journal |last1=Ciaiana |first1=Pavel |last2=Rajcaniova |first2=Miroslava |last3=Kancs |first3=d'Artis |date=January 2018 |title=Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets |journal=Journal of International Financial Markets, Institutions and Money |publisher=Elsevier |issn=1042-4431 |volume=52 |pages=173–195 |doi=10.1016/j.intfin.2017.11.001 |arxiv=1706.07216 |s2cid=113405558 }} NXT was specifically conceived as a flexible platform around build applications and financial services, and serves as basis for ARDR (Ardor), a blockchain-as-a-service multichain platform developed by Jelurida, and IoTeX (cryptocurrency){{cite web |title=Ardor - Getting started |url=https://ardordocs.jelurida.com/Getting_started |publisher=Jelurida |language=en}} the current steward of NXT as of 2021.{{Cite web|title=About Jelurida {{!}} Jelurida|url=https://www.jelurida.com/about|access-date=2021-03-10|website=www.jelurida.com}} NXT has been covered extensively in the "Call for Evidence" report by ESMA.{{cite web |title=Call for evidence, Investment using virtual currency or distributed ledger technology |url=https://www.esma.europa.eu/sites/default/files/library/2015/11/2015-532_call_for_evidence_on_virtual_currency_investment.pdf |publisher=ESMA |language=en}}