What Is Nexus (NXS)? | A Beginner’s Guide to the 3D Blockchain

WHAT IS NEXUS 3D BLOCKCHAIN A Beginner ’ s Guide to the 3D Blockchain

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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.

What is

Nexus Blockchain?

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.

History About

Nexus Blockchain

“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.”

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.

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.

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 diďŹƒculty adjustment * Slow block times * Miner centralization * Block reward halving * Clock Drift Nexus is also developing a framework called the Lower Level Library.

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

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