Market Cap: $266 126 174 178 (5.21%)
  • Volume 24h: $61 297 381 803 (23.03%)
  • Market Cap Change 24h: 5.21%
  • BTC dominance: 64.89%

Nexus NXS

The new step in decentralization progress

A network created to protect blockchain technology from any possible control and any danger of centralized approach.

Proof Type: Proof of Stake (PoS) Algorithm: SHA3 CMC Rank: 208 Team Location: Tempe, AZ
  • USD: $0.23
    1h: 1.01% 24h: 2.36% 7d: 9.98%
  • BTC: 0.000024 BTC
All Time High: $13.75 1 year ago
Current price is -98 % from ATH
Market
  • Cap: $13 853 213
  • Vol 24h: $270 752 (1.95 %)
Supply
  • Circulating: 59 707 886 NXS (76.5 %)
  • Total: 78 000 000 NXS

Nexus Price Chart

About Nexus

Nexus is a project created to build a new, and newly designed, blockchain. It is quantum-resistant by design, and in order to create what they call a three-dimensional decentralized ledger, Nexus employs no less than three consensus mechanisms. The structure being for their ‘Prime’, or general, channel, to use a traditional Proof-Of-Work for its consensus among blocks on their ledger. There any user can engage in mining, which is searching for a 308-digit clusters that you can do even with just a CPU. That area, the Prime Channel, is also used to formulate data usage in quantum physics research. The second channel, which they call their Hashing Channel, also employs Proof-Of-Work, the difference here is the usage of Hashcash and not prime clusters like in the Prime Channel. This algorithm is closer to the one Bitcoin uses. The third channel and third consensus mechanism is Proof-Of-Holdings, basically the new iteration of Proof-Of-Stake. Combining the three of those is thought to allow for a freer, more liberal environment for blockchain users.

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Nexus Social

Twitter Stats
  • Followers: 19,099
  • Lists: 463
  • Favourites: 897
  • Update Frequency: 0.6 statuses/day
  • Created: 5 years ago