"Bitcoin has proven that a peer-to-peer electronic cash system can indeed work and fulfill payments processing without requiring trust or a central mint. However, for an entire electronic economy to be based on a fully decentralized, peer-to-peer solution, it must be able to do the following: process transactions securely, quickly and efficiently, at the rate of thousands per hour or more; provide incentives for people to participate in securing the network; scale globally with a minimal resource footprint; offer a range of basic transaction types that launch cryptocurrencies past the core feature of a payment system alone; provide an agile architecture that facilitates the addition of new core features, and allows for the creation and deployment of advanced applications; and be able to run on a broad range of devices, including mobile ones. Nxt (pronounced next) satisfies all these requirements."
What we don't like:
The team behind NXT, Jelurida has moved on to a new project Ardor that is the evolution of NXT. If you are interested in the NXT project, invest in Ardor. The Jelurida team is still updating the NXT ecosystem, however that is likely to phase out in the next few years running the full project on Ardor.
What we like:
NXT is a multifunctional cryptocurrency. NXT has a built in asset exchange in its wallet, which allows users to pair any asset, say usd, coupons, bonds, tangible items, exc. to NXT. The NXT exchange acts as an intermediary for all these NXT pairs to be exchanged. The forging process on the Nxt chain is unique. It is similar to dividends because holding more tokens is the mining process. Therefore the more tokens you hold the more you receive from “mining” forging.