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Exchange rate of SOP (SOP) to NXT (NXT)

1 SOP = 0.0000000000 NXT


Quotation rate chart SOP (SOP):

NXT is a blockchain platform and cryptocurrency that was launched in 2013 with the goal of enabling decentralized applications (dApps) and smart contracts. It introduced several innovative features to the blockchain space at the time. 

NXT uses a unique Proof of Stake (PoS) consensus mechanism. In PoS, validators (for NXT, they are called forgers) are chosen to create new blocks and validate transactions based on the amount of NXT they hold and are willing to "stake" as collateral. This approach is more energy-efficient than the Proof of Work (PoW) system used by Bitcoin.

One of NXT's notable features is its built-in Asset Exchange. Users can create, buy, and sell assets directly on the NXT blockchain. These assets can represent various things, from cryptocurrencies to real-world assets.

NXT also has a Monetary System that allows users to create their own currencies and conduct initial coin offerings (ICOs) on the NXT platform.

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