What is Nexus?

Home » Governance » What is Nexus?

Nexus (NXS)

Whitepaper

Whitepaper

 

 

Nexus was founded by Colin Cantrell. Colin is the son of Jim Cantrell, who is one of the founding members of SpaceX. His father also became the co-founder of a company named Vector Space Systems. This company is in the preparation of launching affordable satellites of small sizes, which are called CubeSats.

Its website states that it aims to free humankind from the usual centralized systems. Also, it says that it will decentralize the decentralization. By the use of software and hardware, it aims to build the most decentralized system. The website also states that not all people have money, but every people have time. That is their motivational statement to help open the minds of individuals around the world.

 

How does it work?

The Nexus network works to allow decentralized transactions.  Its network is being distributed through three channels of security. The three channels which the Nexus system is being circulated are Hash Mining, Prime Mining, and Nexus Proof of Stake.

Nexus is also aiming to build partnerships with aerospace industry. They are hoping to broadcast the Nexus network and the blockchain from space. Nexus system takes security seriously. It has checks and balances in its consensus and Trust Keys. Nexus also has Network recognized Reputation.

Nexus Video explanation 

https://youtu.be/rUuOirhzpbg

As a matter of fact, Nexus is the most secure cryptocurrency today. It is even more secure than Bitcoin due to its Quantum Computer Resistant Private Keys. This feature has 571-bit encryption. Nexus is one of the cryptocurrencies out there that deserves more attention due to its good potential.

 

 

  • Get NXS from  Coinspot  with AUD fiat money

Author

  • Zarihoun Traore

    Hello, I'm Zarihoun Traore, the founder and driving force behind Cryptostec. With over nine years of experience in the crypto, financial, and payment sectors, I have dedicated my career to understanding and navigating these dynamic industries. My journey has taken me through a variety of roles and projects, from SaaS and Fintech startups to casino brands, each contributing to the depth of knowledge I share with you today.My JourneyI have had the privilege of presenting at prominent events like CryptoFinance and attending numerous key conferences such as Websummit, Paris Blockchain Week, and iFX EXPO. These experiences have been invaluable, allowing me to engage with industry leaders, stay ahead of emerging trends, and bring back insights that shape the content you find on Cryptostec.

    View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

🔞 © Copyright 2024 Cryptostec