Nexus is an innovative cryptocurrency that uses its algorithm and well-designed infrastructure that differentiates it from bitcoin and other first-generation cryptocurrencies. It uses a system of checks and balances to send coins: the transaction can be canceled if sent to the wrong address. The proof of stake mechanism allows users to earn 2% on the coins assigned to them, and the maximum issue volume is 78 million coins.
Nexus will provide a framework for enhancing freedom, self-sufficiency, and creativity for everyone in the world. A fully decentralized global network will enable people to transfer value, data, and services to each other in a truly equitable manner.
To facilitate this system, a digital currency called Nexus (based on Satoshi Nakamoto’s bitcoin) was created. However, the system based on traditional terrestrial telecommunication networks is indeed decentralized. For this, we look at the stars. The Nexus blockchain will be anchored in space. Cube satellites in low Earth orbit will provide network access worldwide at acceptable latency.
Combined with hardware devices, a global decentralized grid network will be born on earth. People will launch new peer-to-peer services on the network without the approval of a centralized authority. This network must be built on a solid foundation. Over the past two years, many security improvements and innovations have been developed and proven in the cryptocurrency blockchain.
These include 571-bit privacy keys to increase resistance to quantum attack, multiple mining/markup channels, dynamic difficulty setting, 1024-bit SHA3-based hashes, unified time, trust keys, and more. Nexus is more than technology. Nexus is the connection of people, economics, philosophy, ideas, computers, and resources that will free humanity.
Features of the Nexus cryptocurrency
The NXS coin was created for fast and accurate payments: if the funds went to the wrong address, then the operation can be canceled. Proof-of-Holdings is used as a defense mechanism. In the foreseeable future, the creators of the “Nexus” plan to use the capabilities of space communications.
Nexus uses as many as three consensus mechanisms to form a 3D blockchain. The team argues that having three different mechanisms reduces the centralization of miners and allows for more efficient on-chain scaling.
This is to ensure that one layer does not become too powerful and block the security of the network. Cryptocurrency channels include Prime Channel (CPU Mining), Hashing Channel (GPU Mining), and Nexus Proof of Stake (nPOS).
Prime Channel is a Proof-of-Work channel. In this channel, miners search for 308-digit dense primary clusters using a try and fail method. Dense primary cluster mining is more ASIC resistant than traditional hashing. Therefore, even if you only have a processor, you will be able to use this prime channel.
Outside of cryptocurrency, mining on the Prime Channel produces data that can be further used in prime number research for quantum physics.
NXS Coin Staking & Mining
The Proof-of-Holdings mechanism allows users to earn by staking NXS coins. The maximum issue volume is 78 million coins.
The reward for the coins you wager will depend on four factors:
• Interest rate: the annual percentage of your balance. This is the annual rate at which you receive new coins. It starts at 0.5% and increases to a maximum of 3.0% after 12 months.
• Trust Level: This is a measure of your node’s trust. It starts at 5% but quickly reaches 100% in just a month.
• Block weight: This rate goes down to 0% every time you receive a bet transaction. It then slowly rises to 100% over the next 24 hours. If your block weight reaches 100%, your trust key expires and all of your stats are reset. Through a reset mechanism, the network ensures that users are constantly involved in keeping the network running.
• Bet weight: the value of this parameter is roughly determined by the average value between the block weight and the level of trust. The higher this parameter, the higher the likelihood that you will receive a transaction.
The reputation of the nodes (computers in a peer-to-peer network) and the corresponding trust keys (addresses that receive interest payments) are determined by their fair contribution of time, weight, and trust to the network. These trust keys become very valuable as it takes a lot of effort to create Trust.
Nexus Cryptocurrency Outlook
The Nexus project is truly unique. It has a triple consensus mechanism and aims to scale globally through satellite decentralization. At the same time, Nexus is one of the few projects that solve the problem of quantum resistance and other potential problems of the future.
Possibilities to be implemented in the future:
• 3D chain (separation, scaling, quantum stability).
• Advanced intelligent language of smart contracts.
• Mobile wallets in iOS and Android systems.
• Modular user interface.
• Terrestrial and orbital grids.
If you are looking for a digital currency for long-term investments with outstanding potential, turn your attention to Nexus (NXS). The Nexus Project is more than a technology. Nexus is the connection of people, economics, philosophy, ideas, computers, and resources that will free humanity.
