What is Nexus (NXS) in a Nutshell - Full Writeup
Nexus (NXS) aims to allow users to quickly and securely transfer value without an intermediary bank or third party. It intends to build upon and improve on the blockchain protocol by adding a space element. Nexus is in plans to cooperate with the aerospace industry to launch cube satellites into low earth orbit (“Cube Satellite Network”), potentially allowing cryptocurrencies to be sent using satellite communications (a similar concept is Blockstream Satellite). Nexus was founded by Colin Cantrell, son of Jim Cantrell of SpaceX fame. Due to this unique relationship, they also intend to work closely with the aerospace industry.
What is Nexus?
Nexus has three Core Principles:
- Efficient and scalable code
- Enhanced security
- Revolutionary hardware networks
Efficient & Scalable
Built and developed their own specialized database from the ground up called Lower Level Database (LLD). It can drastically improve speed and processing power by organically scaling to handle increasing transactions.
Enhanced Security
Nexus has precautions in place to resist against quantum computer attacks by using large, one-time-use keys and 1024-bit hashes. These two features together should mean a more secure network.
Another feature they have is working together with the Nodes. Nexus allows them to build up "Trust". Higher "Trust" allows Nexus Nodes to earn a higher reward and thus a larger minting rate.
Revolutionary Hardware Networks
Nexus is in plans to cooperate with the aerospace industry to launch cube satellites into low earth orbit. This allows them to connect users and secure data. Another main selling point of doing this is it allows more freedom from jurisdictions and legal red tape, leading to a fully decentralized internet.
All the above factors contribute to a more resilient alternative to centralized financial institutions.
Resources:
Nexus Earth White paper: http://github.com/Nexusoft/GenesisWhitePaper
Nexus Earth Twitter: https://twitter.com/@nxsearth
Coin market cap: https://coinmarketcap.com/currencies/nexus/
Article published at http://boxmining.com/nexus-earth/
Will keep a close look of nexus. Might invest some soon.
i looked into it after blockchain satelitte. i'm curious if they can get the satelitte system to work
More ICOs! lol
Nice writeup! Ambitious plans coming from Nexus and I like how they're preparing for quantum computing. Looking forward to the conference in September. https://steemit.com/blockchain/@stacking9mm/what-is-nexus-nxs-learn-how-nexus-prepares-the-blockchain-for-quantum-computing-attacks
I think Colin has good intentions. I loved his interview on his website. They have an event in Aspen, Colorado in September. Ron Paul, Roger Ver amongst others will be there. I think it's going to be great! It's called Nexus Earth
Why not, we will see if it work, i will keep a eyes on it, thanks for your sharing.
yeah still one of those in process projects
I was looking at NXS yesterday, it looks very promising. Are you also going to make a video about it? Also interested to know your personal thought about it. I really love your ''xxxx in a nutshell'' videos!
Never heard of Nexus before, seem like a cool project. Thanks for the info!
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