NXT For Investors #18 – What Is Transparent Forging In NXT (Nextcoin)?

Helper: Please give a warm welcome to Tai Zen

Tai: Thanks, guys! As I said, my name is Tai Zen, I was a former prisoner of a failed US war on drugs and since I got released, I’ve always been blogging about the tools, the techniques, the strategies and the technologies that are available to help people find freedom in their lives.

Audience: We have 2 minutes.
Tai: So ask your question.
Audience: I will forego the original question I have just to get this question answered which is: Can you explain forging, what is that?

Tai: NXT has a unique feature called Transparent Forging(TF) and it was invented by the inventor of BCNext, and what it does is completely different from the mining, the way that it secures the network and keep in mind guys, I’m not a technical person but it was explained to me in this manner and not technical terms, is that it has a predictability.

Let’s say that everyone in here has an NXT client, they are processing and securing the network, however, the TF allows the network to determine who is to process the next block with a high degree of accuracy.

Let’s just say that Roger’s in the front, it predicts that his node is going to process the next block, then what it does is that let all the other people know to send all the transactions his way so he can process it.

The advantage of that is not having to determine which one, because there’s a high probability that he is going to process the next block, the orders and the transactions are sent to him, but that is just random. The goal of TF is to allow faster transaction speed, right now it takes less than a minute when you and an NXT to someone, it takes less than a minute.

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