You may have heard of Bitcoin on TV, or in a conversation with friends. Truth is, Bitcoin is more than just “funny money”, in fact it is now a force to be reckoned with. Dig a little further and you will find Bitcoin is
actually an extremely fascinating concept.
Bitcoin is an internet digital currency. Unlike other
digital currencies like PayPal, Bitcoin is
decentralized.
Decentralization, in the context of Bitcoin, means every transaction made on the Bitcoin network can be viewed by anyone around the whole world. Furthermore, all the information of Bitcoin transactions is downloaded onto every Bitcoin users computer making it impossible to shut down the Bitcoin network.
The Bitcoin protocol cannot be hacked and if backed up correctly can be even safer than storing your money in a bank.
Bitcoin can be used to buy things in the real world. Want a new TV? A cup of coffee to start the day? Try paying for it with Bitcoin.
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things” - Peter Diamandis
What is Bitcoin?
NXT is a cryptocurrency just like Bitcoin. Bitcoin is
the original cryptocurrency that started it all,
however, it is limited in its functionality. NXT takes
cryptocurrencies to the next level.
NXT is labelled as Bitcoin 2.0 because of its
ability to host IPOs and small businesses. NXT can be used to crowdfund any project, large or small. The best comparison is that NXT is like the cryptocurrency stock market.
NXT has many innovative projects already yielding results and users who hold those assets reap the benefits through dividends. The NXT wallet is also regularly updated, fully functioning, dynamic and easy to use.
What is NXT?
BitCoin and nxt