Assets, Currencies and Tokens
The Nxt blockchain provides a complete, stable, secure and trustworthy record of transactions within the Nxt eco-system. Enabled by its advanced blockchain architecture, Nxt can be used to create, distribute and use two kinds of user-defined tokens, as well as supporting the native NXT crypto-currency.
In order to do this, Nxt provides a selection of powerful tools to create customised tokens on the blockchain, either as Assets or the more complex Monetary System currencies.
These tokens can be used by projects to build a bridge from the virtual world of digital currency to the real world: a token can represent literally anything: property, stocks/bonds, commodites, or even concepts.
In short, the Nxt network can be used to trade anything. Tokens can be used in many other ways than purely trading, though: a token could give voting rights in an organisation, for example.
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