NXT to Tether

The key difference between NEXT and Tether

For a cryptocurrency investor it is very important to understand the technical details of the coins in order to make the right choice, so if you want to change NXT to Tether mind the following information. Launched in 2013, Next is one of the first alternatives to bitcoin with the main difference that it offers its users not only the means of payment, but also a platform for creating applications. The set of features that it offers can play an important role in the cryptocurrency price on the long run, so keep it in mind if you want to convert Tether to NXT.

Tether stands out of all the cryptocurrency range because its right is always the same and equals to $1. Changing NXT to USDT can be useful when the market is at the downtrend. If you keep all your investments in a stable coin you can be sure that the price of your crypto portfolio will not decrease.

Mining algorithms

What is NEXT mining algorithm?

The knowledge about how cryptocurrencies are produced can also be useful when you want to change USDT to NXT. The cryptocurrency NXT is based on the proof-of-stake consensus. Unlike the proof-of-work algorithm, it doesn’t require consuming electricity and grants the rewards to the cryptocurrency holders according to the number of coins they have. If you don’t want to spend electricity on mining cryptocurrencies you can consider converting USDT to NXT and make money in this way.

How is Tether produced?

Unlike most of cryptocurrencies that are currently presented in the market, Tether cannot be mined. It is produced and distributed by the issuing company and you can only buy USDT from them or go and convert NXT to Tether on any exchange platform that supports this pair.

NEXT supply

The circulating supply of NEXT equals to {coin1-circulating-supply}, while its maximum supply equals to {coin1-maximum-supply}.

For Tether, the circulating supply equals to {coin2-circulating-supply}, while its maximum supply equals to {coin2-maximum-supply}.

Market Capitalization

If you want to convert NXT to USDT, the market capitalization is a very important index that you should pay attention to.

For NEXT, the current market capitalization equals to {coin1-market-capitalization}. Tether’s capitalization equals to {coin2-market-capitalization}.

Volume of transactions

During the last 24 hours, NXT’s volume of transaction equals to {coin1-volume-transaction-day}. For Teether, this index equals to {coin2-volume-transaction-day}.

Average transaction speed