User:Woomark/sandbox

NEXALT becomes the first Mass Marketing base digital currency to integrate marketing and cryptocurrency = About Nexalt = Nexalt is an altcoin which is an evolution of Litecoin. It is a peer to peer cash system and using blockchain technology to keep it secure. Nexalt is introducing new concepts in cryptocurrency for the involvement of more people. It uses PoW [2] for mining of XLT. Nexalt is entirely decentralized in its nature and using cryptographic protocols.

History
Nexalt was planned in 2017 and is launched in 2020. Nexalt is introducing the integration of MLM. with cryptocurrency for defining the first MLC coin. It is implementation of MLM [4] in a productive way in decentralized system. It makes the entire network for earning incentive through their mining/ marketing ability.

Design
Nexalt is designed on the prototype of Litecoin which is an altcoin with improvements in Bitcoin. Integration of MLM has made is unique concept in the cryptocurrency market. It is implementing multilevel marketing concept in decentralized atmosphere and introduced the first MLC. MLC (Multi Level Coin)

Working
Nexalt is planning to add more and more people in cryptocurrency. To achieve this target nexalt introduced MLC which is based on proof of network. By expanding network one can get incentive in form XLT coins. It does not mean that XLTs are not generated through mining. XLTs are mined through solo mining and pool mining at the backend which are owned by the miners and they have right to use them in a way they like. Inclusion of MLM makes it possible to distribute the incentives among multiple levels according to the plans. Proof of Network Nexalt introduced the concept of PoN (Proof of Network). In this system no one can join the system directly. Every user needs to have referral link to join the network. In this way the system is secured for restricting money laundering. In this referral system not only, the entire network earns but also everyone can be traced in the network while remaining in decentralized system.

XLT Walletin Nexalt ecosystem XLT Wallet is also available and every user having sponsor key can create personal wallet. In XLT wallet user can manage crypto funds for storage, sending and receiving the XLT. The wallet also enable user for trading and mining of cryptocurrency. The wallet provides sponsor key for user. This sponsor key helps the user for referring more people in the network.

Conclusion
Nexalt is an altcoin with unique concept of MLC. It is in initial stage and predicted for opening new horizons in cryptocurrency, blockchain and MLM. This concept is latest and may have need for more alterations. However, it is take a good start for the now and giving benefits to its users.