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Nxt:: descendant of Bitcoin Alright, everyone, this is my second attempt at this. My first thread was derailed, and I wasn’t very clear. Anyway, introducing Nxt :: descendant of Bitcoin. Nxt is a very new crypto-currency, launched on 11/24/2013. It is the first purely proof of stake crypto-currency. Nxt is green, unlike Bitcoin or most other crypto-currencies, which require power hungry equipment to mine. Nxt mining, or as many adopters are now referring to, “refining”, is done by allowing the stake holder to generate a block, and collect the transaction fees that were charged since the last block was generated. Since there is no actual mining, all 1,000,000,000 Nxt are already in existence. This is great, as it prevents inflation from occurring, ever. The time between blocks is one minute, allowing for must faster transaction and verification to occur, than is possible with Bitcoin. While the infrastructure has already been implemented, many other features are planned for the future. The most notable of these future features is colored coins. Colored coins will allow Nxt accounts to function as gateways for other currencies. Other future features that are to be integrated into the existing Nxt client include: currency exchange, stock exchange, messaging, and voting. For anyone interested, partial source code is available at [Source Code](https://bitcointalk.org/index.php?topic=352286.0), while the remaining source code will be released around 01/03/2014, pending approval from stakeholder vote. Tons of other information is available in the official Nxt thread on bitcointalk, at [Official Nxt Thread](https://bitcointalk.org/index.php?topic=345619.0). For those interested in getting set up right away, here is a thread that includes pictures of how to do just that! [Getting Started](http://nextcoin.org/index.php/topic,4.0.html). As stated earlier, the only way to refine coins, is to already have coins, so for at least the

Nxt:: descendant of Bitcoin Alright, everyone, this is my second attempt at this. My first thread was derailed, and I wasn’t very clear. Anyway, introducing Nxt :: descendant of Bitcoin. Nxt is a very new crypto-currency, launched on 11/24/2013. It is the first purely proof of stake crypto-currency. Nxt is green, unlike Bitcoin or most other crypto-currencies, which require power hungry equipment to mine. Nxt mining, or as many adopters are now referring to, “refining”, is done by allowing the stake holder to generate a block, and collect the transaction fees that were charged since the last block was generated. Since there is no actual mining, all 1,000,000,000 Nxt are already in existence. This is great, as it prevents inflation from occurring, ever. The time between blocks is one minute, allowing for must faster transaction and verification to occur, than is possible with Bitcoin. While the infrastructure has already been implemented, many other features are planned for the future. The most notable of these future features is colored coins. Colored coins will allow Nxt accounts to function as gateways for other currencies. Other future features that are to be integrated into the existing Nxt client include: currency exchange, stock exchange, messaging, and voting. For anyone interested, partial source code is available at [Source Code](https://bitcointalk.org/index.php?topic=352286.0), while the remaining source code will be released around 01/03/2014, pending approval from stakeholder vote. Tons of other information is available in the official Nxt thread on bitcointalk, at [Official Nxt Thread](https://bitcointalk.org/index.php?topic=345619.0). For those interested in getting set up right away, here is a thread that includes pictures of how to do just that! [Getting Started](http://nextcoin.org/index.php/topic,4.0.html). As stated earlier, the only way to refine coins, is to already have coins, so for at least the