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NXT

NXT (often mistakenly called NXTcoin) is the first of many second generation cryptocurrencies. It is 100% Proof-of-Stake making it very different from Bitcoin. It is also the most active and fastest growing second generation cryptocurrency. It has many innovative features such as the NXT Asset Exchange, the NXT Multigateway, and the NXT Digital Goods Store. There are also many new features in development for NXT such as transparent forging and smart contracts.

History

Time Line

2013

  • September 28, 2013
    • Original Bitcointalk thread announcing NXT started by BCNext.
      • BCNext asks for bitcoins to help make bounties and decide who gets how many NXT at release.
    • BCNext gets a mysterious Skype call from someone claiming to be a police officer. He only told three people his Skype name and the call wasn't from one of them.
      • BCNext re-installs his operating system in case he got hacked.
  • September 29, 2013
    • BCNext releases experimental node operation software at Come-from-Beyond's request.
  • October 01, 2013
    • BCNext releases User Interface prototype
  • October 02, 2013
    • BCNext releases address generation software
  • October 10, 2013
    • BCNext implements transaction handling on the prototype interface.
  • October 13, 2013
    • BCNext adds mining (now known as forging) to the prototype client.
  • October 14, 2013
    • BCNext adds a “My Transactions” section to the prototype client.
  • October 16, 2013
    • BCNext adds a button to “generate authorization tokens” to the prototype client.
  • October 17, 2013
    • BCNext makes it so that generated blocks are sent over the network.
  • October 18, 2013
    • BCNext makes it so that new blocks are transferred over the network.
  • October 19, 2013
    • A Bitcointalk poll is opened to ask what advanced features users want to see with the release of NXT.
    • NXT gets published in an online article for the first time.
  • October 24, 2013
    • BCNext implements bootstrapping and longest chain selection.
    • BCNext limits the number of transactions per block to 10 for testing purposes.
    • BCNext adds an “Advanced Features” tab to the prototype client in order to advertise planned features of NXT.
  • October 26, 2013
    • BCNext gets a twitter account.
  • October 27, 2013
  • October 29, 2013
    • BCNext releases the open beta of NXT.
  • November 01, 2013
  • November 02, 2013
  • November 07, 2013
    • BCNext adds support of colored coins.
    • BCNext allows NXT to be traded in units as small as two decimal places.
  • November 08, 2013
    • BCNext is heard from on Bitcointalk for the last time. Come-from-Beyond takes his place as the primary advocator of NXT on Bitcointalk.
  • November 14, 2013
    • Come-from-Beyond updates his node to show the UI for the Stock Exchange, later renamed the NXT Asset Exchange.
  • November 18, 2013
    • Official initial fundraising for NXT ends.
    • Come-from-Beyond announces that NXT will be launched ahead of the scheduled January 03, 2014.
    • Come-from-Beyond announces that the messaging feature won't be in the initial NXT release.
  • November 20, 2013
  • November 22, 2013
    • The website to claim the initial release of NXT becomes live.
  • November 23, 2013
    • Come-from-Beyond announces the BCNext changes the release date to November 24 at 12:00:00 GMT.
    • The first dedicated NXT forum is released using Trello.
  • November 24, 2013
  • November 27, 2013
    • The NXT name poll closes and the name “NXT” wins by a landslide.

Trivia

  • NXT was originally only supposed to be a code name. Popular alternatives that were considered included Crypto (CRP) and Bitcoin 2 (XB2).
  • The NXT Digital Goods Store was planned from the very beginning of NXT.
  • BCNext wanted to have physical, paper bank notes to aid in NXT promotion.

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