With upcoming release of Nxt software version 1.5 - which will include voting functionality, ability to use enhanced multisig account control, and improved data storage and transfer capabilities - Nxt has reached a new milestone as the next generation blockchain platform

AMSTERDAM, NETHERLANDS / ACCESSWIRE / April 21, 2015 / From its inception in late 2013 Nxt has been designed to be a multipurpose toolkit, to be used either directly from the NRS client software or to be incorporated into third party applications.

With account authorisation via the issue of secure tokens, enhanced data transfer and storage (with the ability to remove data when required), voting, multisignature transactions and much, much more, Nxt has now developed into a mature and complete next generation blockchain system for business use.

Nxt Modularity

Nxt is designed and built to be a modular system. It features several different transaction types, which can be used on their own or in combination. The current feature set, after the version 1.5 implementation of Voting and Phasing (enhanced multisig/account control) will include:

- Send Transactions (sending the NXT currency or tokens to accounts
- Data Transactions (send and store up to 40 kb of data)
- Coloured Coins Transactions (create and trade Asset tokens)
- Alias Creation Transactions (enabling the assignment of strings, such as a DNS entry, to Nxt accounts)
- Sales Transactions (create and manage digital sales via a native marketplace)
- Signature Transactions (provide proof of account via single-use token authentication)
- Voting Transactions (fully customised polling system based on the Nxt blockchain)
- Multisig Transactions
- Custom Currencies Transactions (create customisable currencies on top of the Nxt blockchain)

More in-depth information about these transaction types can be found in the Nxt Wiki or on the resource site, NxtInside.org.

The perfect tool for DAOs

Nxt is the perfect tool for the creation of Decentralised Autonomous Organisations (DAOs). A business or developer can issue their own tokens representing their organisational structure, handle a transaction stream, and keep their finance records in a fully transparent and auditable manner on the blockchain. Building new tools to enhance the core Nxt functionality for a business's own requirements is always possible, and the Nxt developer community will be happy to provide support for custom solutions where required.

There is no absolute need to use the provided Nxt client software (the NRS client) if users do not want to, since Nxt can be utilised directly from within other applications by using the Nxt API, which currently has around 150 function calls. Full documentation for Nxt API can be found on the Nxt Wiki.