NXT Monetary System Infrastructure Allows Creation of New Cryptocurrencies on NXT Blockchain
The NXT Monetary System (MS) allows users to launch new currencies like Bitcoin, securing them with the NXT blockchain using the second-generation cryptocurrency's established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by 'locking' a certain amount of NXT, thereby...
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