Jelurida NXT Blockchain Technology
Jelurida Company’s NXT blockchain project started off in November 2013. Its core is written in Java; the block time is one minute and, unlike Bitcoin, it uses the Proof of Stake consensus algorithm. NXT platform has been running reliably for more than four years and is now used by its developers as a solid basement for their new projects, such as Ardor and Ignis.
NXT Platform’s Coin
The platform’s cryptocurrency is known as NXT. It has a maximum supply of 1B coins that were premined and currently serve as a fuel to the NXT crypto-platform. The system nodes are rewarded with the transaction fees. The project also allows the creation of so-called assets, which are fundamentally the NXT-based tokens.