Nexus price (NXS), marketcap, chart, and information

Nexus price (NXS), marketcap, chart, and information on the basics A full series of NXS crypto currencies

What is NEXUS?

Nexus is a peer-to-peer network. Established with the goal of improving the blockchain protocol by focusing on security, scalability and transaction speed.

What does the Nexus show?

It can be said that, Three Dimensional Chain (3DC) is the most unique feature of the Nexus.

The Nexus has developed a 3D Blockchain with a combination of three channels with different consensus mechanisms.

The three channels include:

Prime Channel is a Proof of Work approval mechanism and is resistant to ASIC. Therefore, to take advantage of NXS in this channel, you need to use a CPU miner.

The Hashing Channel is also a Proof of Work consensus channel, but allows NXS to be exploited by ASIC miners.

Proof of Stake is the NXS mining channel through staking.

Maybe you are interested in: What is Proof of Stake (POS)?

What is Nexus (NXS)?

Nexus (code: NXS) is the official cryptocurrency in the Nexus Blockchain released by mining rather than enforcement. ICO.

From day one, Nexus (NXS) runs on their own Blockchain platform.

Basic information about copper NXS

Ticker: NXS

Blockchain: Nexus

Consensus: Proof of Work (PoW), Proof of Stake (PoS)

Token type: Coin, Mineable

Block time: 180 seconds

Total Supply: 78,000,000 NXS

Delivering Distribution: 64,664,712 NXS

Token Event Event

Nexus does not conduct ICO, instead NXS is mine or mine. The first Nexus block was mined on September 23, 09.

After 10 years of operation, the Nexus will reach a total fixed supply of 78 million NXS. Currently, the number of exploited NXS is at ~ 83% with an inflation rate of 1,20184% per year. From 2024 onwards, this rate will increase to a maximum of 3% per year.

In particular, Prime Channel and Hashing Channel will generate nearly 552,000 NXS per year from 2024 and Stake Proof will have a maximum inflation rate of 3% per year.

Nexus exchange rate (NXS) today

What is used for Nexus (NXS)?

When I read the Nexus whitepaper, I still don’t see the development team clearly stating the intended use of NXS on the Nexus network.

However, you can see that the Nexus is a separate Blockchain project so basically the token will have the following purpose:

Gas bills

NXS is used to pay for transactions on the Nexus network and it will be burned to reduce the total supply of NXS.

Rewards

NXS is used as a reward for miners and staging nodes to help the network operate more stable and securely.

Digging Nexus (NXS) like?

Nexus uses both PoW and PoS, so you can choose to mine NXS via Mining (PoW) or Staking (PoS).

Mining PoW

If you want to take advantage of NXS using a CPU, you need to choose Prime Channel.

Besides, if you want to take advantage of NXS with a dedicated ASIC excavator, then you need to choose Hashing Channel.

You can refer to the details on how to dig NXS here: https://nexusearth.com/mine-nxs/

Staking PoS

To start stake in NXS, you need a minimum of 1000 NXS with 0.5% per year. If the staking number starts at 10,000 NXS or more you are entitled to 3% per year.

Staking is relatively simple, just put the NXS in the wallet and let the wallet connect to the Nexus network 24/7.

Nexus wallet storage (NXS)

Since the Nexus (NXS) runs on their own platform, you can store the NXS in the official wallet released by the Nexus - Nexus Wallet.

Currently, Nexus Wallet has just launched the Desktop version which supports 3 popular operating systems: macOS, Windows, Linux.

Those who do not know how to install can refer to specific Nexus instructions here: https://nexusearth.com/nexus-tritium-wallet-guide/

In addition, you can host NXS on EXCHANGE exchanges. NXS copper trading is supported.

Nexus Exchange (NXS)

After nearly 5 years of operation and development, NXS is listed in 3 exchanges including Binance, Upbit and Bittrex.

With a 30-day average trading volume of over 210 thousand dollars, it is clear to NXS that liquidity is very weak right now.

Currently, NXS is being traded and sold over Binance.

The future of brass Nexus (NXS)

For NXS purposes, the value of NXS increases as the number of transactions on the Nexus network increases. Because then, the number of NXS burned will increase.

However, how to increase the number of transactions while inflation also occurs equally.

That was also noticed when the value of NXS dropped 65 times from the peak of ATH to the present.

Should we invest in Nexus (NXS)?

I believe you also understood the most basic and necessary information about the Nexus brass (NXS) after reading this passage.

Hopefully, from the information provided in the article, you can make your own judgment about the opportunities and risks before making the decision to invest in NXS.

Epilogue

Nexus is a project established to improve Blockchain by focusing on security, scalability and transaction speed.

But you can see that the purpose of the NXS is not so much, even if the dev team is not specified (maybe the time to build the Nexus they do not know about tokenomics).

However, the price of the NXS leaked to ATH ~ $ 14 at the beginning of 2018. That shows you the power of the pump as well as the very high speculation of the Nexus (NXS).