Nexus (NXS) News, Price Prediction, Opinion and Analyses Created By Users

Nexus (NXS)

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Nexus (NXS) is a cryptocurrency made by Colin Cantrell during September 2014. It is a quantum-resistant, decentralized three-dimensional blockchain network that aims to take the decentralization of blockchains to the next level.

Through a Global Mesh Network, which will include low-earth satellites as nodes, the team over at Nexus aims to take their blockchain out of the reach of any government mining program or controlled mining pool monopolies, effectively increasing the distribution of the network. Their platform improves on speed, scalability, security, and accessibility of traditional blockchains through their 3D-blockchain infrastructure.

The 3D blockchain uses 3 different consensus mechanisms that are designed to improve on-chain scaling and reduce miner centralization. The 3D blockchain includes; a Prime Channel - which is a PoW channel, a Hashing Channel - a PoW channel which uses the HashCash algorithm, and a Proof-of-Holdings Channel - which is similar to Proof-of-Stake, where users earn NXS by locking their coins up to secure the network. Stakers are rewarded NXS depending on factors such as the interest rate, trust rate, block weight, and stake weight. These three channels are encouraged to work together as the mining rewards are issued through a reservoir system rather than a reward per block. This creates a system in which each blockchain in the system is not competing and therefore will not gather too much hashing power within the network.

Perhaps the most appealing aspect of the Nexus network is the upcoming Low-Orbit Satellites that are to be launched to act as a node within the distributed Global Mesh Network. The launch of these satellites will help to grant worldwide access to the Nexus network which is outside the influence of any government censorship.

 


Nexus: Taking “Hybrid” to the NEXT Level

16 Sep 2020 1 minute read 0 comments RexyCrypto

If you’re like me, you probably had not heard of this crypto, or at least not until recently. I had been searching for blockchains that support dApps, and had asked on Twitter in a poll, about some that the community knew of,  Obviously my first thou...

Nem & Nexus - Two Crypto projects with unique Blockchain technologies

24 Aug 2020 1 minute read 0 comments NassiroV

Nem stands for "New Economy Movement". It is a decentralized platform whose operation is based on a blockchain system and a validation of transactions by the POI ("Proof of Importance") consensus. The network offers a multitude of functionalities to...

The 3 Tokens Binance Listed On Their Own

29 Jun 2020 9 minute read 4 comments Adamic0

Being listed on either Coinbase or Binance can do wonders for a project. Typically, it comes with an increase in trading volume and a larger buzz on social. This is further accompanied by a swift surge in prices. However, all is not fair and transpar...

Nexus (NXS) Crypto Project | Created to improve the current blockchain protocols

10 Feb 2020 1 minute read 0 comments NassiroV

Image Source The Nexus network Nexus is a decentralized network that allows transactions via the blockchain. Nexus aims to improve the Blockchain protocol by focusing on three fundamental principles: An efficient and extensible code Reinforced secu...

Biological research relating to nexus community blockchain

25 Jul 2019 2 minute read 2 comments HarmonyMedia

Social inspired research of the fungal aspect. Secured through nexus’s blockchain based social architectures (still waiting on mainnet, meme applicable lol) . However much work can start now. I am looking to the community to decide what area(s) of fo...

Reflections and responses on the necessity of a stablecoin for the Nexus ecosystem

17 Jul 2019 4 minute read 3 comments HarmonyMedia

For anyone in the nexus community who doesn't think we need to start pursuing a stablecoin construct now.   I appreciate the responses from people. I’m glad some see value in at least pursuing this in future. My access to technology is limited during...

Necessity of a stablecoin within the Nexus ecosystem: how can it realize it's potential without one?

20 Jun 2019 3 minute read 1 comment HarmonyMedia

      For a little while I have been trying to bring this issue to Nexus community members, yet few seem to grasp how essential a stable unit of account is for the adoption of blockchain technology. I believe this is a rather dangerous disposition th...