The key difference between NEXT and Ethereum
When it comes to investing in cryptocurrency it is crucial to understand the difference between the assets you want to buy, so keep in mind the following information in case you’ve decided to change NXT to Ethereum. Launched in 2013, NXT was one of the first cryptocurrencies aiming to give its users not only that means of payment, but also a platform for building applications. However, it hasn’t gained much popularity. Ethereum, that was launched only a year after, is much more flexible and offers its users more features in comparison with NXT, that’s why it has managed to conquer a bigger part of the market. Keep this fact in mind if you want to perform NXT to ETH exchange.
What is NEXT mining algorithm?
If you want to convert NXT to Ethereum you should also know how these cryptocurrencies are produced in order to make the right choice for investment. Next is based on the consensus named the proof-of-stake (PoS). This consensus implies getting your share of the network’s profits depending on the amount of coins that you possess.
What is Ethereum mining algorithm?
In 2017, Ethereum’s creator Vitalik Buterin proclaimed the plans to switch the network to PoS, However, it is still based on the proof-of-work algorithm. If you want to mine Ethers you can launch special software on your home PC that will consume electricity in order to resolve computation problems and thus create new blocks in the network. The difference in the mining algorithms between these two currencies will not prevent you from changing ETH to NXT.
The circulating supply of NEXT equals to , while its maximum supply equals to .
For Ether, the circulating supply equals to 107,857,921, while its maximum supply equals to emission infinite.
If you want to convert Ethereum to NXT, the market capitalization is a very important index that you should pay attention to.
For NEXT, the current market capitalization equals to . Bitcoin’s capitalization equals to $22,759,796,320.00.
Volume of transactions
During the last 24 hours, NEXT’s volume of transaction equals to . For Bitcoin, this index equals to $7,121,627,088.65.