Cryptocurrency and blockchain platform Nxt has announced the upcoming launch of its Version 1.7.4 on January 23rd. This new version will include new features of Account Control, the NXT Data Cloud and CoinShuffling in addition to smaller changes such as more regular block times.
Benefits of the new version include increased security from multi-signature accounts, with the Nxt Voting System for enhanced multi-signature transactions allowing transactions to be executed only after being approved.
The storage, retrieval and publishing of files, documents and data will be decentralized, censorship-free and tamper-proof with the NXT Data Cloud, and will have low costs, low fees and options including automatic removal and encryption. In addition to this, Nxt claim that the Coinshuffle system will provide complete anonymity for user’s funds on its blockchain
Alongside these changes Nxt has revealed a number of incremental improvements designed to optimise the Nxt block generation/transaction confirmation algorithm, and a number of secondary features and improvements. further information is available and developer notes on Nxt V 1.7.4 are available to be viewed on the Nxt forums.