Nxt is an open-source blockchain platform that was launched in 2013. It is notable for being one of the first to use a proof-of-stake consensus mechanism instead of the traditional proof-of-work method.At its core, Nxt offers a suite of features such as a decentralized asset exchange, a marketplace for goods and services, and the ability to create and manage custom tokens. Users can also engage in digital voting and crowdfunding through the platform.One of the key aspects of Nxt is its focus on scalability and security. It was designed to handle a wide range of applications, making it appealing for developers. The platform also emphasizes community involvement, allowing users to contribute to its ongoing development.Nxt’s native currency is called NXT, which is used for transactions and various services within the ecosystem. Since its inception, Nxt has inspired several other projects and continues to be a relevant player in the blockchain landscape.