November 28 marks the 10th anniversary of the launch of NXT, one of the pioneers in the blockchain field. In the blink of an eye, ten years have passed, from NXT, which was originally built based on cryptographic proof ideas in 2013, to the Ardor (NXT 2.0) ecosystem that is still being continuously expanded and optimized today. We might as well take this opportunity to review the innovation path of this source-level public chain.
In 2013, in the context of blockchain meaning copying the Bitcoin code and adjusting the mining algorithm, NXT suddenly appeared like an anomaly. It completely rewrote the code, adopted a proof-of-stake mechanism, issued a fixed total amount of tokens without mining, and redefined the functions that the public chain can support. NXT has built-in crowdfunding, trading, voting and other modules, and adopts an scalable design, providing a foundation for developers to further expand their capabilities.
The origin can be traced back to September 2013, when the mysterious user BC Next announced his project on the Bitcoin forum. Initially met with skepticism, version 1.0 attracted the attention of thousands of users after its release and was officially launched in November 2013. So what is its operating mechanism? NXT abandons the "computing power competition" of POW mining and adopts the currency-holding proof-of-stake algorithm (POS). It is simple and efficient, and has never been successfully attacked after running for ten years.
Soon after going live, the platform demonstrated its flexible design advantages. Through built-in smart contracts, new functional modules can be quickly added. Functions launched successively include: account aliases, asset exchanges, markets, currency systems, voting, etc., showing strong expansion capabilities and serving many projects. Third parties can connect their applications to the NXT core software through plug-ins and extensions to obtain the required custom functions.
In 2017, the core development team used the experience of building NXT to incubate and launch the Ardor platform with a multi-chain architecture. And through airdrops, Ardor tokens were distributed to all NXT holders. Today, NXT, as a stably operating public chain, is still serving third-party developers. Under its special license, any software built on it will be released as open source and airdropped tokens, allowing NXT holders to profit from it as well.
In the blink of an eye, NXT has witnessed the rise and fall of many public chains in the past ten years. It represents the spirit of blockchain pioneers and has also become a learning template for developers. Now as a mature platform, it has hundreds of nodes. NXT will continue to operate under the maintenance of its supporters, Team Jelurita, and will continue to inspire rising stars.