NXT is a blockchain platform launched in 2013 featuring a decentralized assets exchange, a decentralized marketplace and a toolkit for integrating its blockchain applications with external ones.

It provides a framework for creating new assets that can be sold in their exchange and a specialized voting system called Nxt Account Control system.

It also supports data cloud hosting and a messaging feature. Its transaction prices for each service (such as uploading data) are fixed and showcased simple table. Their marketplace framework allows the creation of peer-to-peer e-commerce businesses.

NIX uses proof-of-stake as the consensus algorithm.