CORE MAGAZINE February 2016 | Page 5

2. Data Cloud

3. Stable Block Times

4. Account Control for Phased Transactions

5. Singleton Assets

"reduce actual average block time to 60 seconds and considerably reduce the number of blocks over 10 minutes thus making block times much more stable."

"central distributed repository for arbitrary data, each items in the repository is signed and time-stamped so cannot be tampered with. Suitable for distributing files up to 42K. Can be used as bulletin board or as free speech application."

"all transactions from a controlled

account has to be approved based

on a specific voting model. Sort of

multisig account on steroids."

"trade-able assets from which only a single unit exists. Can represent current ownership of goods such as rental car, apartment, jewelry, art work etc."

Test out the new 1.7.4 NXT Client Demo at

http://nxt.org/demo/