Topic: [2016-01-25]Bitcoin Competitor NXT Version 1.7.4 Goes Live: Decentralized Data (Read 305 times)

Nxt, the innovative digital currency, blockchain platform, and Bitcoin alternative, launches Version 1.7.4 on January 23rd. New features to be integrated into Nxt include Account Control, the NXT Data Cloud and CoinShuffling.

Amsterdam, Netherlands -- (SBWIRE) -- 01/25/2016 -- 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.

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