Nxt block size is currently capped at 32KB. Nxt does not use coin age as part of its forging algorithm. Theoretically, new blocks of Bitcoin can be mined every 10 minutes, therefore, having sufficient power, you can mine 6. The first 8 bytes of the generation signature are converted to a number, referred to as the account hit.
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Read MoreAccount addresses are always prefaced by an NXT- prefix, making Nxt account addresses easily recognizable and distinguishable from address formats used by other blockchains. X11 Dash, Pura, etc. The Nxt Alias System allows any string of text to be permanently associated with a specific Nxt account. This feature of the Nxt forging algorithm helps form the basis for the development and implementation of the Transparent Forging algorithm. It mainly boils down to the hardware, cost of the software and the country of mining electricity costs :. A total quantity of 1 billion available tokens were distributed in the genesis block.