Next.chain: A blockchain with lightning-fast transactions at low costs

Meet the next-generation blockchain — fast and easy asset creation, seamless asset tokenization, and instant trading with lightning speeds at extremely low cost. Next.chain is a new reality for many crypto traders who are tired of congestion with old blockchains and high transaction costs. Next.chain is a robust instant-transaction blockchain built on top of the Bitcoin core and enhanced by adding tokenization, such as Ether (ETH), and master node validators (as seen on Dash). The Next.chain solution is perfect for decentralized finance and NFT applications. Furthermore, Next.chain supports smart contracts that enable users to:

  • Issue digital fungible assets, like stock, bonds and other forms of securities.
  • Create different forms of collectibles (nonfungible tokens).
  • Create and manage sovereign/decentralized identities.
  • Design and run other forms of arbitrary-complex smart contracts.

The Next.chain blockchain has been running since April 2019, with almost 200 master nodes, which did not produce a single failed transaction. We are not an Ethereum-clone and will never have the issue of running out of gas or requiring extreme gas costs. As seen in recent days, transaction costs were as high as $35. Also, we have noticed that dinosaur-age blockchains are not scalable to sustain the amount of traffic in the crypto world for mass adaption.

Instant fiat-to-crypto gateway

At Next.chain, we aim to bring the most profit for the community by utilizing a wide range of financial activities and putting real backed assets on the chain, like company stocks or precious metals. Next.chain will be directly connected to a fiat gateway, so there will be no more intermediary if you want to swap tokens for euros or United States dollars.

Disrupting the current digital asset and crypto market of $1.4 trillion

Apart from these features, holders of the Next token will be receiving dividends from the generated profit. The blockchain is not only limited to Next. All ERC-20 tokens can swap over to enable lighting token swaps, which is needed in the current crypto space. 

Who is part of the team behind Next.chain, and what is their experience?

The founders of Next.chain have been involved in crypto from the time when Bitcoin could be mined with a PC. Since 2017, we have been actively building the Next.chain and a decentralized exchange with engineers and developers. Currently, we are a small team of eight people based in Eindhoven, the Netherlands and moving over to a bigger office in Eindhoven. We are currently in talks with many brilliant projects that want to be tokenized on Next.chain. This will give students, entrepreneurs and existing companies the funding they need to kickstart their projects on the market. It’s a win-win situation.

Recently, we established a partnership with AngelList to bring startups to the chain. Amid the COVID-19 pandemic, many newcomers who are looking for investors entered the market. We believe the cryptocurrency market is big enough to make this a perfect alternative to onboard investors. 

Finally, PayAccept, a decentralized payment provider that integrates Raiden technology and Bitcoin Lightning, has joined Next.chain. PayAccept is our partner that acts as a gateway to fiat currencies, sets up IBAN/SEPA accounts, and connects e-commerce shops all over the world directly to Next.chain. Imagine a world where fiat and crypto work seamlessly together, without a bank or intermediary. Furthermore, the need for a stock market exchange would be eliminated if a decentralized solution, such as the one proposed, is established.

As excited as we are, we realize that catching up with the market situation is essential. In the last few weeks, interest in crypto has spiked, and another bull is underway. After years of development, it’s time to market and expand our company in order to compete in this growing space. We aim to have at least 20 employees, with a mix of technical and financial experts. This is necessary to compete with Ripple and other current blockchains. The landscape is changing and becoming more regulated than ever before, so we will also require the needed licenses to operate. One of them will be an electronic money license for handling fiat, and the other is a multilateral trading facility license to put security tokens on the blockchain. When we have fully complied with the regulations, we will have a significant advantage over all other blockchains. 

Has Next.chain already deployed?

We chose the combination of becoming a proof-of-work and proof-of-stake blockchain with masternode validators. The Next.chain has been running in the mainnet since April 2019 and has grown already to 200 master nodes. This enables us to achieve high transaction speeds like a PoS network (which Ethereum 2.0 is aiming to achieve and which we already have). Still, we also keep PoW in place to ensure that miners calculate hashes with strong encryption. 

Next.chain offers instant transactions, low fees and 10,000 TPS. Does Eth2 make other chains, including Next.chain (even with these advantages) obsolete?

No — if Ethereum 2.0 is going to have gas fees, then it will still have high gas costs during peak times. Secondly, Ethereum encounters frequently failed transactions (out of gas), where traders are still paying for a transaction that was never executed. We don’t have these dynamic gas fees; rather, we have fixed prices. Even if Next is worth $1,000 per token, it will never cost more than a few cents to make a transaction.

Does Next.chain offer an ERC-20 bridge or decentralized applications?

Next.chain needs to have good use cases, and that is why we are building a Uniswap and PancakeSwap integration on top of Next.chain. They are top-rated decentralized apps, but they are not quick enough and do not have zero transaction costs. We are opening our blockchain for developers who want to deploy DApps. Most of our DApps will be kept simple, such as creating digital assets with a few mouse clicks, starting a crowdfunding campaign, or trading instantly without delays, hiccups or failed transactions. In our decentralized app store, we offer simple overviews of all the applications built on Next.chain.

Additional information

Proof-of-work is a form of mining in which a computer’s computing power is used to serve the blockchain. The computer solves mathematical problems and has to deliver intensive work to check transactions and create new blocks. On the Bitcoin blockchain, every 10 minutes, a new block is created. On Ethereum, a new block is created approximately every 15 seconds.

The proof-of-stake algorithm concept states that a person can mine and approve blocks according to how many coins the miner holds. This means that with more Next tokens, miners will have more mining power. Master nodes support a PoS blockchain like Next.chain. Like miners, master nodes ensure that transactions within a network can be processed, and in return, they receive a reward in the form of cryptocurrency. A master node acts as the backbone of a blockchain.

Benefits for projects:

  • Asset creation with just a few clicks.
  • Enable crowdfunding.
  • Lightning-quick transactions.
  • Low fees.
  • ETH bridge to onboard existing ERC-20 projects onto Next.chain.
  • 10,000 TPS.
  • Enable staking on the chain.

Benefits for investors:

  • Staking rewards 
  • Liquidity farming
  • Masternode rewards
  • Mining
  • Masternode governance

Additional features coming soon:

  • Uniswap-like swaps between digital tokens on top of Next.chain.
  • New UI/UX update to the desktop wallet (with assets, master nodes and DEX). 
  • Upgraded block explorer.
  • Mobile application to manage digital assets.
  • Integrate smart contracts.
  • Atomic swap between other Bitcoin-based blockchains.
  • Development portal to interact through APIs with third parties.

Multi-blockchain with the Next token

The Next token can switch between multiple blockchains, meaning that we are capable of moving the token between Ethereum, Binance Smart Chain and others. By doing this, we create brand awareness as well as use their ecosystems. Uniswap is very popular, and PancakeSwap made a significant advance in little time. Next is going a step further — to be available on every blockchain, where the token is always backed with as a powerful native cryptocurrency on its own chain. In that way, we are like Tether (USDT), presented on multiple chains. The maximum supply will never exceed 30.3 million Next.

Future plans

The team has a lot in store for the future. It mainly wants to execute the roadmap on its website, continue marketing, and continue developing the blockchain with excellent partners. If the above is executed according to plan, it will most likely lead to success.

Our biggest hurdle is that we need to expand quickly to secure our market position. We have a very committed team, and the time has come to increase our small company staff to 20 people this year. 

Join us on our website or on Telegram if you are interested and want to read more about our project. Regularly, we show our developments and further steps, so don’t miss out on this opportunity and get into the Next blockchain. 

More information on:

Website: https://nextchain.dev

Telegram chat: https://t.me/nextchain

Telegram channel: https://t.me/nextchainNews

Soure: https://cointelegraph.com/press-releases/nextchain-a-blockchain-with-lightning-fast-transactions-at-low-costs

This is a paid press release Future News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Future News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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