Bitcoin Competitor NXT Version 1.7.4 Goes Live: Decentralized Data Storage, Coin Mixing, and More

Amsterdam, Netherlands, January 20, 2016 (Newswire.com) - Over the last few months, the entire Nxt community has been working on what will be one of the most important Nxt updates to date. Nxt version 1.7.4 will bring a selection of important new features to the Nxt protocol and client, as well as a number of smaller improvements and enhancements, including more regular block times.

The new features will bring a range of new functionality to Nxt, allowing users to:

• Create multi-signature accounts for ultimate security, using Account Control. Account Control allows transactions from an account to only be executed after they have been approved by a voting process, using the Nxt Voting System for enhanced multi-signature transactions.
   
• Use the CoinShuffle system to anonymise Nxt funds. Nxt is the first cryptocurrency platform to natively incorporate a decentralised mixing/CoinShuffle service on its own blockchain, allowing users the option to completely anonymise funds held in NXT.
   
• Store, retrieve and publish files, documents, or arbitrary data on the Nxt blockchain using the NXT Data Cloud. NXT Data Cloud will allow decentralized, censorship-free and tamper-proof publication and retrieval of small files, documents, or arbitrary data to the blockchain, with low costs/fees and options including automatic removal and encryption.

In addition to these three main new features, there are a number of incremental improvements designed to optimise the Nxt block generation/transaction confirmation algorithm, and a number of secondary features and improvements. For more information and developer notes on Nxt V 1.7.4 please go to https://nxtforum.org/nrs-releases/nrs-v1-7-4/

Development tools

NXT 1.7.4 is a major release for Nxt, and an important milestone in its development. With it, Nxt delivers a complete package of features that can be immediately picked up and used by developers and businesses who want to work with a trusted and proven blockchain.

Thanks to its comprehensive and easy API, coding for Nxt applications is simple and intuitive. Anyone who can code, even at beginner’s level, can start creating simple applications. With the blockchain industry still in the development stage, Nxt is an attractive proposition, delivering a powerful pre-defined toolset for crypto-currency/blockchain project developers.

For more in-depth information, please visit:

Nxt Wiki: www.nxtwiki.org

Official Nxt Website: www.nxt.org

Nxt Foundation: www.nxtfoundation.org

Official Nxt Forum: www.nxtforum.org

To purchase NXT with Bitcoin please go to: http://nxt.org/get-started/step-3/

Written by Bas Wisselink and David Pearce, NXT Foundation, 19 January 2016. Edited by Bitcoin PR Buzz.

Media Contact:

Name: Bas Wisselink, Nxt Foundation

Email: [email protected]

Skype: damelon365

City and County Location: Amsterdam, Netherlands

Nxt Foundation is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.