What is NXT community?

nxt-logo-300The NXT Community is a group of dedicated and talented people working together to break the economic shackles of centralization. The decentralized NXT community relies on the transparency of open source code to develop an honest money system. This open source second generation cryptocurrency based on entirely new code from the Bitcoin protocol has attracted an ardent following on the 1800 plus page NXT thread on the Bitcointalk forum.

Developers and supporters of the new NXT ecosystem have worked closely with testers and stakeholders to implement exciting new features. The decentralized leadership of NXT is allowing rapid groundbreaking progress on code and feature improvements to the NXT core, while concurrently delivering NXT clients on the OS X, Windows, Linux, Android, and iPhone operating systems.

NXT was invented as a cryptocurrency by BCNext, who is a programmer at the age of 35+ and currently resides in East Europe. He is a veteran member of the Bitcointalk.org forum but he stays anonymous like the creator of the Bitcoin protocol, Satoshi Nakamoto. BCNext can still reveal his identity, as he promised. He watches the Bitcointalk forum form his real account and supports the NXT helpers by donations/rewards. While BCNext prefers to work alone, he has paid a team of core developers to help him with the client and create some NXT functionalities like decentralized peer to peer cryptocurrency exchanges.

Come-from-Beyond is an essential member of the core development team paid by BCNext to work on NXT from October 2013 to April 2014. Come-from-Beyond is a 34 years old programmer from Minsk in Belarus. In January 2014 Jean-Luc joined the core NXT team as a non-paid programmer. Jean-Luc has a PhD, currently resides in either Switzerland or France and has recently celebrated his 30th birthday. Jean-Luc’s duty is to work on the code. Jean-Luc owns an an appreciable amount of NXT, programming for free; for the benefit of his own investment and for the benefit of the NXT community.

BCNext was the inventor of NXT, and with his vision recognized others will continue to implement his legacy and rewrite his ideas into better looking and functioning Java codes. After the release of the NXT source code, many developers have been working closely with the core NXT team to implement code corrections (like Ricot, who found some implementation flaws, now fixed). A few Greek IT experts from Thessaloniki and Athens are being paid for reviewing the code by the original stakeholder Klee who is managing them. Klee spent a huge part of his NXT on donations, bounties, and giveaways. He doesn’t hide his real identity. The names of his team were also revealed. There were only 8 original stakeholders who paid 1 Bitcoin during open IPO. Each of them got 50 million NXT, Klee is one of them. In January 2014 only 4 of these 8 original stakeholders own more than 30 million NXT.

There are at least six developers who are working on NXT applications fulltime: Abuelau, ferment, nexern, and Graviton with his assistant; who helps him with the first Nxt exchange, www.dgex.com. This list of developers is fluid and growing with many new NXT developers; like Marcus03, wesleyh, and yeuye000 all delivering fantastic applications. There are multitudes of helpers, translators, authors of articles; with the list of people who have said they “work” for NXT fulltime or at least halftime including Joefox, jl777, Uniqueorn, Opticalcarrier and Salsacz. Almost thousand different people have been discussing NXT at the main NXT thread in Bitcointalk. During the last three days, there have been 93 active nicks on the NXT forum.

By the middle of January, the twenty thousandth (20,000) post had been made on the thousandth (1,000) page of the NXT forum. One month later these numbers were doubled. Five hundred (500) stakeholders own more than 100,000 NXT, and two thousand (2,000) stakeholders own more than 1000 NXT. There are 150 NXT millionaires. The decentralized network of NXT peers has members from all over the world. Most people come from the United States currently, but the are also large NXT communities in Germany, Hong Kong, Russia, United Kingdom, Japan, and the Netherlands. There are also NXT accounts owned by people in Iceland, Jamaica, Panama, Ethiopia, and Israel. Some of the NXT Wiki pages have already been translated into 11 languages.

NXT is still a small, but rapidly developing cryptocurrency ecosystem with a broad support base. There are multiple independent NXT forums, exchanges, sites, social media profiles, and marketing groups. There will never be any main leader and all decisions regarding NXT will be based on democratic voting within the NXT cryptocurrency ecosystem. NXT isn’t just another cryptocurrency. It is a movement. The NXT movement embraces freedom, decentralization, and democracy on a revolutionary new cryptocurrency platform. NXT ambassadors have already attended conferences in Miami and Berlin, with many other events planned in 2014.

Questions for BCNext:

Q: Why was the initial funding cancelled suddenly with few people?

A: I wanted Nxt to be launched by the community, not by a single person. Success of Nxt is supposed to be achieved by work of a LOT of PEOPLE.


Q: How would you solve problem with scam accusations according to “unfair” distribution Nxt to 73 big stakeholders?

A: This problem can not be solved. Even if we had a million stakeholders the rest seven billion people would call this unfair. A world with the money can not be perfect.


Q: What are the most important 5 things the community should do, in order to properly support Nxt in the next 6 months?

A: Review all my ideas, they might be flawed. Avoid centralization. Do not pay much attention to the price of 1 NXT measured in fiat money. Remember that half-measures is a way to nowhere. Do not trust strangers on the Internet, especially if their nickname is “BCNext”.


Q: how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself? Or you will take a creator cut (certain %)

A: I don’t know how much I will contribute. This depends on the price of Bitcoin and some other factors. These bitcoins, like the others, will be used to pay bounties for development. No creator cut.

BCNext’s citations:

A lot of time was spent on talking, the outcome did not satisfied me. That is why now I am working alone. The things are implemented much faster this way.

BCNext’s symbols:

  • 3 January: the release of Nxt happened 5 years after the release of Bitcoin.
  • 21 Bitcoins: The IPO was stopped in the time when were gathered 21 Bitcoins, i tis 1/1000.000 of the all existing Bitcoins from now on. – Anonymous
  • BCNext: BCNext plays the same role as Satoshi Nakamoto. We don’t know who they are.

Homepage:  http://nxtcrypto.org

Posted in Community, Cryptocurrency, Information, Nxt

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