Nxt Blockchain Platform

Blockchain platform Nxt has announced the launch of its Blockchain Creation Kit, which allows third party developers to create their own blockchain with the full Nxt source code available for enhancement. Developers can construct a new public blockchain, with its own token, and add specific features.

Nxt, Jelurida‘s flagship product, is an advanced open source blockchain platform that allows organizations to create assets that represent shares, vouchers or tokens, and trade them on a decentralized exchange within the platform.

The Nxt public blockchain supports many basic functions and applications, but lacks some advanced applications, such as new transaction types, changing coin inflation, and modifying block parameters. The Nxt Blockchain Creation Kit aims to address these limitations by offering developers more possibilities, the company said.

Blockchain projects created using the Nxt Blockchain Creation Kit, and in general any work derived from the Nxt codebase, must comply with the Jelurida Public License (JPL).

One of these conditions is that 10% of any new blockchain tokens created have to be proportionally distributed to the existing holders of the official NXT token. This helps support the value of the NXT token and contributes back to the Nxt community.

JPL also requires new blockchains to publish their full source code with all the enhancements done, under the same license, allowing others to build on top of their work too.

Commenting on the launch of the Nxt Blockchain Creation Kit, Lior Yaffe, co-founder and senior developer of Jelurida, said:

“We were able to create a way in which developers can build upon the Nxt blockchain to meet their specific application requirements, while at the same time supporting the existing Nxt community and the value of the NXT token.

“The Blockchain Creation Kit combined with the JPL aligns the incentives of core developers and third party developers which has always been a challenge in the blockchain industry, while at the same time, maintaining the open source spirit of the project.”

Jelurida is the development company behind the Nxt and Ardor blockchain platforms. It creates customized commercial versions of these platforms, and provides consulting services for customers licensing its software.

Ardor, which is still in testnet phase, is an evolution of the Nxt software that aims to address issues of blockchain bloat, scalability and versatility. Ardor allows organizations to create their own blockchain, known as a child chain that’s secured by the Ardor parent chain.