Features in Development

Nxt Account Control

The Account Control feature is in active development and will implement a number of methods for applying limits and controls on Nxt accounts.

Account Control will include setting a lock on an account to prohibit any outgoing transactions and defining a set of rules for unlocking the account.

Nxt Smart Contracts

Smart Contracts is a feature under active development for Nxt Technology. Smart Contracts will facilitate, verify, or enforce the negotiation or performance of a contract.

With Smart Contracts many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. Smart contracts provide security superior to traditional contract law and reduce other transaction costs associated with contracting.

Nxt Coin Shuffling

Coin Shuffling is a feature currently under development as part of Nxt Technology. Coin Shuffling is dependent on Monetary Systems.

Nxt Monetary System

Monetary System will allow you to create currencies backed by NXT. New coins are created by "locking" NXTs. This could be thought as similar to “burning” Nxt but this is inaccurate as the process can be reversed. If you destroy 7% of the supply the created coins then you get 7% of the locked NXTs back. You are unable to lock more NXTs into the coin once it is created so the supply can’t be inflated. Transaction fees for coins created in the Monetary System can only be paid in NXT.

Nxt Instant Transactions

Instant Transactions is a feature planned for Nxt Technology and under active development. It will be a mechanism for sending transactions through the network with "guaranteed" confirmations, making transactions valid almost instantaneously.

Nxt Transparent Forging

Transparent Forging is partially implemented and further stages are under active development.

Nxt will implement a novel "transparent forging" system that will temporarily penalize accounts that do not participate in the proof-of-stake block verification process. This will encourage holders of non-trivial amounts of Nxt to actively participate in the network, instead of merely holding a balance in order to collect transmission fees.

Transparent Forging will make the development of Economic Clustering possible and will lay the ground work for Anti Deflation.

Nxt 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. Nxt Voting System is dependent on the Asset Exchange.

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