What is Nexus (NXS)?
NXS is the native token of Nexus, which is a peer-to-peer network that uses blockchain technology and has increased scalability, speed, security, and accessibility. Nexus does this by combining satellite space with a quantum-resistant 3D blockchain.
3D blockchain means that Nexus uses a combination of 3 consensus mechanisms, which makes it a three-dimensional platform. This includes:
- Proof-of-Holdings. By managing their existing tokens, NXS holders can generate new ones.
- Hashing Channel. It operates on a Proof-of-Work (PoW) basis and substitutes Hashcash for dense prime clusters.
- The Prime Mining Channel. A special prime cluster with a specific length is sought by this mining channel to make the network ASIC-resistant.
Moreover, it should be noted that Nexus is designed to validate both the computation and the veracity of data. However, instead of a stack-based script (like EVM), it is driven by a seven-layered software stack that runs as a 64-bit register-based process VM.
Besides, another important feature of Nexus is Signature Chains. The credentials of the user's Nexus wallet are used to produce one-time-use private keys through a Signature Chain. In other words, a Signature Chain is an individual Nexus identity, which keeps track of all user transactions and digital asset ownership history.
Care to see the previous or the current NXS price? Take a look at the Nexus price chart above.
Use Cases of NXS Tokens
What makes NXS stand out from most other cryptocurrencies, is that it operates and runs on its own algorithm.
Nexus tokens are mainly used for two things – covering network fees and making peer-to-peer value transfers. Talking about network fees, there are smart contract fees and hybrid network fees. Concerning the value transfers, transactions using Nexus coins are instant and free. Besides, NXS tokens can be staked in order to receive more tokens and participate in the 3D system of Nexus.
Make sure to check the current NXS price, which is featured on the aforementioned price chart above.
Who Founded Nexus?
The Nexus crypto project was founded by Colin Cantrell in 2014. Though, initially, the project was known as CoinShield.
Colin Cantrell is a software and hardware expert, who has a passion for space travel, which led to Nexus' ambition to extend blockchain technology to the moon. While the name has changed, the original vision remained as the guiding principle behind the project, which was made to change the prevalent Bitcoin protocols and to experiment with something new.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
26.22K
Followers: 26,222
0.17%
Following
184
0.00%
Posts count
2,186
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
4.06K
Subscribers: 4,067
0.02%
Subreddit type
restricted
Moderators
4
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
10
0.00%
Title
Nexus Community
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
43 / 100
2.13%
Ahrefs Rank
1,029,890
5.92%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
38
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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