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Nexty describes itself as a blockchain platform that specializes in payments and smart contracts. The team intends to implement the latest research on distributed systems to enable users to have full control of their finances. NewSD, the Nexty stablecoin, is intended to address market fluctuations and what it believes to be a lack of decentralization in stablecoins. Nexty aims to combine the convenience of a payment platform with security. According to the team, Nexty provides security measures for assets moving on the network with DCCS and its proprietary consensus mechanism, Proof-Of-Foundation, along with verifiable delay function (VDF).