{"id":259,"date":"2014-05-19T23:15:00","date_gmt":"2014-05-19T23:15:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/nxt-bitcoin-rival-or-ally\/"},"modified":"2014-05-19T23:15:00","modified_gmt":"2014-05-19T23:15:00","slug":"nxt-bitcoin-rival-or-ally","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/05\/nxt-bitcoin-rival-or-ally.html","title":{"rendered":"NXT: Bitcoin rival or ally?"},"content":{"rendered":"

\n(BitScan<\/a>)  NXT<\/a> is a relative newcomer to the cryptocurrency scene but in the six months since it was launched it has steadily risen in value and profile, now claiming the fifth spot on the Coin Market Cap<\/a> table.<\/h3>\n
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\nAt the time of writing, NXT has just surpassed Dogecoin with a market cap comfortably over $30 million.<\/div>\n
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\n\"NXT<\/a><\/div>\n
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\nNXT’s Asset Exchange allows direct P2P trading of digital assets<\/b><\/h2>\n
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\nOne of the reasons for NXT\u2019s swift rise is its Asset Exchange<\/a>:
\n an innovative new platform unveiled on Monday that enables direct P2P
\ntrading of digital assets. The idea is simple but striking. The Asset
\nExchange does for shares in companies and other digital assets what
\nbitcoin (and other cryptocurrencies, including NXT) do for cash. It\u2019s
\nnot the first entrant to the market, for sure; bitshares.org<\/a>,
\n for example, is the NXT Asset Exchange\u2019s direct competitor and was
\nalready up and running before the AE launched. But NXT\u2019s client is an
\nelegantly simple, easy-to-use platform, and the Exchange functionality
\nis integrated into the cryptocurrency from the ground up. To look at it
\nanother way, NXT was conceived as the foundations of a digital economy,
\nwhereas bitcoin was originally conceived as, primarily and
\npredominantly, a currency. Their relative timing and positioning give
\nthem each unique advantages and disadvantages.<\/div>\n