NXT is one of Bitcoins biggest altcoin competitors, quickly growing to the mature and developed cryptocurrency it is today thanks to a dedicated community. NXT is now proud to announce their latest software version, 1.7.4, which will come online January 23rd.
1.7.4 will bring three main features, account control, Coinshuffle, and the NXT Data Cloud. Account Control will allow easy creation of multi-signature accounts for unparalleled security, Coinshuffle will be used to obfuscate transaction details to deter people attempting to trail transactions, and the data cloud will be used for a secure file storage system that is agnostic to the type of media stored within it.
- 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 CoinShufflesystem 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 blockchain using the 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.
There were other features in 1.7.4, such as a 60s block time average, with “long block times now extremely unlikely”. Dynamic fees that are proportional to the relative transaction size is a thing as well, which is most likely linked to the 60s block time average as well. The links to download the updated clients can be found here.
The Original Press Release Source is Bitcoin PR Buzz
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