Nexus (NXS) is a digital currency coin developed on their proprietary 3D blockchain (3DC). The 3D blockchain makes use of three consensus channels to make it secure, scalable and efficient. The three consensus channels are implemented through TRITIUM (trust staking protocol), AMINE (level-1 sharding channels) and OBSIDIAN (Level 3 sharding cubes). The Nexus team is also working on the quantum resistant 3D blockchain software. Using 3D blockchain consensus protocol, Nexus reaches consensus everyShow more [+] 50 seconds on average. Nexus coin is available to use after 6 confirmations. The total supply of Nexus will be 78 million and will be achieved in 10 years. After 10 years, the currency will inflate by 3% each year. Nexus claims to be one of the most secure blockchains because its hashing consists of two secure hashing algorithms i.e. Keccak and Skein. Compared to Bitcoin (256 bit Hash), Nexus hash is 1024 bit. Nexus can be generated by three methods i.e. Hashing-the user runs the code, Holdings-proof of holding rewards and Dense Prime Clusters-Work done by miners. These features of Nexus makes it one of the secure, efficient and scalable blockchain network.
Nexus was founded by Colin Cantrell, who is also the current chief software architect at Nexus. The board consists of 10 other members. There are 8 core developers at Nexus and three advisors including Steve Beauregard who is Partner and Chief revenue officer at Bloq Inc.
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants Its Money Back
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too.
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too.
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