NXT For Investors #12 – What Is The Difference Between NXT And Nextcoin?

This is Tai Zen again from PrisonOrFreedom.com. It’s a free blog where we talk about the tools, the techniques and the strategies that help people find freedom in their lives in the technology. Also in this video, I want to talk about the difference between NXT and Nextcoin.

NXT is the original name that was created that was given to NXT protocol or the NXT network, system or economy. It was created by an individual named BCNext. He got his inspiration from Bitcoin and developed original source code, he creates this entire NXT economy.

It is spelt N-X-T, but it’s pronounced next okay to signify the next generation of cryptocurrency now. There’s a lot of confusion because when the network or the protocol of NXT originally first came out everybody referred to it as Nextcoin including myself.

But I want you guys to realize that Nextcoin or NXT is more than just a currency. It’s also an alias system. It has many features also, it’s a peer-to-peer exchange. So there’s a lot of things that come together to create the Nextcoin network and the Nextcoin system.

There’s a lot of confusion even with myself sometimes when I talk about it where I interchange the term NXT with the word Nextcoin and it makes it look like it’s just a currency. But keep in my that this is not just a currency this is an entire network, entire economy and the entire system.

According to the developers of NXT, they prefer to call it NXT and pronounce it next as in NXT. Now the beginners like myself we refer to it as Nextcoin because that’s the only component or the feature that we see right now and that we’re capable of understanding right now.

But I just want to make this short video and let you guys know that NXT is just more than just a currency at the moment the early features that are being created is being used as a currency, but there are a bunch more features to come such as the NXT alias system, which allows you to insider to use your domain your telephone number, your personal name or any type of text and replace it in exchange of the NXT address number. And I’ll make a future video about that, later on, explain it more in this view.

Today I just want to cover the difference real quick about NXT and Nextcoin.  Hope that makes some kind of sense if you have any question or comment. Just leave it in the comments section below if you like this video share with other cryptocurrency investors or traders.

I’ll look forward to seeing you guys in the next video and if you enjoy this video and want to support our freedom blog you are welcome to go to a PrisonOrFreedom.com and make donations to our donations page and I will look forward to seeing you guys in a future video.

Thanks for watching this and take care!

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