Review On NuCoin
As we progress into the year 2022, we will discover the market has a lot of uncertainty. People in this crypto space already know that there is going to be a lot of hype around the crypto markets in general, but we also know that a lot of projects will get caught up in the hype and try to jump on the bandwagon. In this article we take a look at the Nucoin and why we think it has longevity
Details about Nucoin
NuGenesis is one of it kind blockchain project, it is programmed in a fashion that it makes use of an artificial Intelligence to power its operations. The platform is built to accommodate the evolution of interactive Non fungible tokens and other Digital assets representing value that are being created, leveling up and being exchange in the crypto market. It can also be exchanged in physical, augmented or virtual reality.
This ecosystem is built to cater for the mass adoption of blockchain technology and accommodate the transition from the internet to the metaverse. This paradigm actually involves billions of transactions per second as the user continuously traverses between the physical world and the metaverse. NuGenesis remains the only blockchain network system that is capable of accommodating the metaverse.
The NuGenesis blockchain was first created to cater to government and transnational corporate applications. By developing a blockchain that can support Central Bank Digital Currencies, the developers had to eliminate scaling and speed issues, latency problems and overreliance on human validators and miners problems. Also, they had to still focused on increased security and that is what NuGenesis has been able to achieve via Artificial Intelligence.
Another interesting part of NuGenesis is being a crosschain blockchain that doesn’t need gas to function. It fully supports both social and commercial applications and has the capacity to cushion the upcoming wave of global adoption.
NuGenesis does not only facilitates crosschain interoperability, but it is also cost-effective and easy to use ecosystem. It enables developers to customize unique versions that can run juxtaposedly with its main network. Developers can therefore rely on NuGenesis to enhance smart contracts, virtual reality and Non Fungible Tokens innovation.
NuGenesis ensures blockchain interoperability. The network targets on enhancing every user experience by providing the value people needs from blockchain technologies. It also facilitates an increased coordination amongst existing blockchains, thereby promoting stability, confidence, security and scalability.
According to the project team, the network removes the inefficiencies in the systems due to overreliance on human validators. Also, it removes inefficiency and the excesses that characterize resource utilization in other networks. NuGenesis aims on increasing and facilitating mass adoption by eliminating carbon emissions.
Distinguished Features of NuGenesis
Advanced Ecosystem : NuGenesis targets at improving user experience. As a result, the platform is providing liquidity by integrating a fully functional openmarket exchange with decentralized stores. Also, it has developed relationships with many notable countries to implement a blockchain code that will ensure legal certainty, disclosure standards and better governance thereby facilitating growth in the crypto sphere.
Advanced technology : The total tech that makes up the NuGenesis blockchain network are;
The main blockchain is based on “Substrate.”
This is also called -Ledger X chain.
The Bitcoin Chain
An Ethereum Chain
The above major technologies enable the network to achieve speed and scalability by removing the bottleneck that can be limiting data flow. In addition, the network uses consensus and implements load balancers that have their blockchain in order to increase block data, creation and speed.
Advanced Governance, Community and Tokenomics : NuGenesis requires no transaction fees. This platform allows the users gain access to every information they need via a social media platform which makes different projects and users collaborate and interact.
It is good to know that the blockchain has no large volume of pre minted or pre created coins in the hands of its founders. The platform has its native currency which is NuCoin. The token is minted based on governance protocol, rewarding contributions that users make to improve the ecosystem further.
Advanced Philosophy and Design Principles : The blockchain is all about self-funding and self-governance.
Benefits of Nugeneis
NuGenesis gives new frontiers for developers to easily create crypto assets that go beyond tokens to virtual reality.
NuGenesis give a more enhanced interoperable experience between blockchain assets and decentralized applications.
It offers a decentralized and safer exchange where users can invest in fiat and cryptocurrencies.
It also allows developers to build assets for both commercial and personal purposes conveniently. It also provides multi-sig wallets plus other conditions that can allow users to mortgage new and existing crypto assets in a real decentralized finance market. This network will enable users who lost their wallets or mnemonics and assets to regain it.
It also ensures legal commercial surety about the status of crypto assets, giving users access to arbitration justice, maintaining identity integrity and upholding duties and standards of its conduct and disclosure.
This ecosystem further aims to facilitate offline payments via hardware wallets by the year 2022.
It solves liquidity problem for chains that don’t have enough tokens and funds to conclude certain projects.
Users can now get to trade without involvement of intermediary as it's fully decentralized as well as payments for new coins.
Roadmap
Conclusion
The brain behind this project has made users experiences on this platform a thing of concern by removing barriers to mass adoption, providing liquidity and combining a complete open cryptomarket that has decentralized data storage for security at max. Also, NuGenesis has relationships with a number of countries to implement blockchain Codes that will recognize and provide legal certainty on various crypto asset instruments, providing better governance standards to speed the growth of the crypto economy. This project is indeed unique one and ready for mainstream adoption.
For more information, click the links below;
Website: https://nucoin.com.au/
Twitter: https://twitter.com/nugenesisou
Facebook: https://www.facebook.com/nutechcity/
Telegram: https://t.me/OfficialNuGenesis
Instagram: https://www.instagram.com/nugenesis.ou/
Author: Eddiz111
Poa: https://bitcointalk.org/index.php?topic=5397858.msg60180614#msg60180614