Planned Features

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The cryptographic principles that form the foundation of Nxt allow it to support a wide range of additional services. Many of the listed features are currently in development, and some will be released soon. All of the following upcoming features are completely decentralized:

  • Voting System
    • The secure, encrypted, consensus-based nature of the Nxt network allows the implementation of a voting system that guarantees anonymity and security, without relying on a central authority to tally votes.
  • Instant Transactions
    • A mechanism for sending transactions through the network with "guaranteed" confirmations, making transactions valid almost instantaneously.
  • Automated Transactions
    • Autonomous applications working on top of the Nxt network will be able to process transactions automatically following a set of rules. This brings automated, trustless escrow service.
  • Multisignature transactions
    • A method for requiring multiple accounts to authorize a transaction before it is sent. Similar to having a "joint bank account"; could also be used to provide escrow and other services
  • Two-Phase Payments
    • Transactions that require two authentications before they are completely sent. For example "I will give you 100 Nxt now, and another 100 once your project is finished"
  • Distributed Computing
    • A platform for using Nxt as a basis for distributed computing tasks (akin to the SETI@Home program, BOINC, and other initiatives)
  • Distributed File Storage
    • A decentralized network for file storage, similar to torrents
  • Account Control
    • Built-in mechanisms for limiting account behaviour, such as freezing the ability for an account to make transactions (for security purposes)
  • Shrinking
    • A mechanism for reducing the size of the blockchain


Next: Find out how to get started with Nxt !