Learn about what is Nexus Blockchain, how Nexus blockchain works, who’s using it, and the future of the Nexus technology. Nexus is innovative open-source blockchain technology and digital currency designed to improve the world through advanced peer-to-peer networks.
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What Is Nexus (NXS)? | A Beginner’s Guide to the 3D Blockchain
1. A Beginner’s Guide to the
3D Blockchain
WHAT IS NEXUS
3D BLOCKCHAIN
www.developcoins.com
2. If you're not familiarizing with Nexus
blockchain, you're behind the curve. Our
step-by-step guide on Nexus Blockchain will
help you to learn about what is Nexus
Blockchain, how Nexus blockchain works,
who’s using it, and the future of the Nexus
technology.
4. In simple terms, Nexus is a cutting-edge open-source, advanced,
and trusted digital ledger, designed to improve the world through
advanced peer-to-peer networks and digital currency.
Nexus is a blockchain technology company developing a p2p
decentralized blockchain network and cryptocurrency called
Nexus (NXS). Nexus uses a blockchain ledger that is designed to
be resistant to security threats given by the development of
quantum computing.
Nexus reach their high level of security via combining 571-bit
private keys, 1024-bit Skein and Keccak quantum resistant
hashing algorithms, and signature chains (sigchains) that provide
a cryptographic identity and proof of ownership system.
6. “Nexus (NXS) – Taking the Blockchain
to the Next Level”
Nexus was founded by Colin Cantrell in September 2014 and was initially
called CoinShield before changing to Nexus. Early executions of the
platform only contained the prime channel for consensus but eventually,
the hashing and holdings channels were added.
Nexus is a P2P blockchain powered network that has enlarged
scalability, speed, security, and accessibility. Nexus makes this happen
by using a quantum-resistant 3D blockchain and integrating this with a
satellite space.
“Nexus is planning to start launching its first satellites for the Phase 1
constellation in 2019. The satellite plans are currently in development,
with the top priority being the execution of the TAO framework
supporting the 3D blockchain. They will also see collaboration with
Galactic Sky as it is deployed through the year 2019.”
7. BENEFITS OF NEXUS
BLOCKCHAIN:
You may be thinking, if Nexus blockchain is basically just a new
way to the future of NXS Cryptocurrency, 3D Blockchain &
Distributed Satellite Mesh Network, why are people so excited
about it? Don’t worry! This is the part of the article where we
talk about the benefits of Nexus blockchain and how it has the
potential to change the world.
8. NXS Technology: - The World’s First
Three Dimensional Blockchain (3D
Chain or 3DC)
Nexus does not use just one, but three consensus mechanisms for the formation
of a three-dimensional blockchain. The Nexus team of developers believes that
having a 3DC will reduce the amount of miner centralization and will allow
dynamic scaling, on-chain. The chain consists of three channels:
The Prime Mining Channel – This mining channel search for a special prime
cluster of a set length. This type of calculation is resistant to ASIC mining, allowing
for greater decentralization. This is most often performed using the CPU.
Hashing Channel – This Channel uses Hashcash instead of dense prime clusters
and runs on a proof-of-work platform. This process adds a random nonce, hashes
the data, and compares the resultant hash against a predetermined format set by
the difficulty. This is most often performed using a GPU. Miners here search for
SHA-3.
Proof-of-Holdings – Similar to NEO, holders of the token earn newly minted
Nexus (NXS) just by managing the ones they already have.
9. WHAT ARE THE ADVANTAGES DOES
NEXUS BRING TO THE BLOCKCHAIN
SPACE?
As Nexus has been developed, an unbelievable amount
of time has been put into identifying and solving several
key limitations:
* Scalability
* Quantum computing vulnerability
* Centralized network access
* Slow difficulty adjustment
* Slow block times
* Miner centralization
* Block reward halving
* Clock Drift
Nexus is also developing a framework called the Lower
Level Library.
10. NEXUS NETWORK
To more decentralize the network, Nexus has a three-pronged
distributed telecommunications system:
* Mesh Network
* Cube Satellites
* Ground Stations
Using ground stations, satellites and mesh networks Nexus is
connecting the blockchain with communications technology that
will provide a fully decentralized internet.
See more - https://www.developcoins.com/nexus-blockchain
11. WANT TO CREATE YOUR OWN
CRYPTO-COIN USING NEXUS 3D
BLOCKCHAIN?
13. As a leading cryptocurrency & blockchain development company, Developcoins
provide complete cryptocurrency development services that allow you to create
your own crypto coin using Nexus blockchain network that allows you to achieve
your business goals because each cryptocurrency will be unique to the business
entrepreneur and their products or services offered.
We are experts in the development of cryptocurrency using Nexus blockchain
network for B2B & B2C business platform. Our multi-platform blockchain
development services apt for everyone, from large business to small & medium
businesses. We have developed multiple crypto coins using the latest
technology (like Nexus, Tron, minter, a masternode, etc) for different business
sectors ranging from healthcare to entertainment.
We have delivered top-notch cryptocurrency development services with 100%
customer satisfaction. We individualize ourselves with other cryptocurrency
development companies globally in terms of providing high-quality services
using world-class technology.