To assist with the launch the upcoming Ardor Blockchain, a platform that uses child chains and incorporates Nxt’s latest blockchain innovations while being backed by the NXT core developers, a leading investor within the NXT community, who is known as Megalodon, is offering 5 million NXT (approximately $150,000) to anyone who runs NXT nodes. The bounty will be awarded in the form of a massive transaction fee
The bounty is being distributed via the NXT ‘forging’ process – the equivalent to Bitcoin’s Proof of Work mining with a deterministic lottery. Participants need at least 1000 NXT for 1440 to run a node and a chance of mining the winning block. Receiving the bounty is determined by participants account balance. Large NXT holders and community members are passing their right to the bounty to new Node runners. No registration is needed for new participants, they just ned to download the NXT client and run the node.
This move represents one of the first times a cryptocurrency community member has actively promoted a decentralised financial platform to interested parties. Nxt can be run directly from a desktop and the Nxt community provides assistance to help users in their setup process, through the nxtforum or Nxt Slack.
Bas Wisselink, Board Member of the Nxt Foundation, said: “This bounty is an excellent endorsement of the Nxt financial platform from the people who use it. We hope this bounty will encourage more people to sign up and see for themselves the benefits second generation Blockchain technology can bring to businesses and transactions in general. As scalable Blockchain technology becomes more accessible to people lacking extensive technical backgrounds, we expect more and more people to join the Ardor platform and enjoy the benefits of a faster, more transparent, and secure financial system.”