Coins: 10053 Exchanges: 857 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Nexus price

Nexus Price (NXS)

$0.059369

2.70%
Rank #396

Nexus Price Chart (NXS/USD)

Last updated 22 Nov 2022, 03:52AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance NXS / BTC $0.06960200 0.69% $200,863
2 Bittrex NXS / BTC $0.06218800 3.76% $735
3 Coinstore NXS / USDT $0.11005400 14.06% $11,124

NXS Price Statistics

$0
24H Range
$0
  • Nexus Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $3,273
  • Market Cap Rank #361
  • Market Cap $48,923,600
  • Volume / Market Cap 0.0001
  • All-Time High $14 -99.57%
    Jan 05, 2018
  • All-Time Low $0 7,721.74%
    May 27, 2015


Nexus Cryptocurrency: A Comprehensive Overview


Introduction


Nexus cryptocurrency, often referred to as Nexus Coin, is an innovative digital currency that operates on a decentralized platform. This article aims to provide a simplified overview of Nexus cryptocurrency and its key features.

What is Nexus Cryptocurrency?


Nexus is a blockchain-based cryptocurrency that was launched in 2014. It is designed to improve upon the limitations of traditional cryptocurrencies such as Bitcoin. Nexus aims to offer increased security, scalability, and decentralization.

Key Features and Technology


Nexus employs a unique combination of blockchain technology and quantum-resistant cryptography to enhance security and privacy. Its key features include:
- Three-dimensional blockchain: Nexus utilizes a three-dimensional approach to its blockchain, incorporating Prime, Hash, and Trust channels. This structure enhances scalability and efficiency.
- Quantum-resistant cryptography: Nexus adopts advanced cryptography techniques to protect against potential quantum computing threats, ensuring the longevity and security of the network.
- Energy-efficient mining: Nexus cryptocurrency utilizes the Proof of Stake (PoS) algorithm, which reduces energy consumption compared to the traditional Proof of Work (PoW) algorithm used by many other cryptocurrencies.
- Decentralized Autonomous Organization (DAO): Nexus incorporates DAO governance, allowing its community to participate in decision-making processes, and enabling a decentralized and democratic ecosystem.

The Three Dimensions of Nexus


Nexus differentiates itself from other cryptocurrencies by implementing a three-dimensional blockchain structure. Each dimension serves specific purposes:
1. Prime Channel: This dimension stores account balances and transaction history, enabling fast and secure peer-to-peer transactions.
2. Hash Channel: The Hash dimension organizes contract and tokenization functionality, facilitating the creation of smart contracts and the tokenization of assets.
3. Trust Channel: The Trust dimension focuses on the preservation of immutable records and decentralized applications (dApps), ensuring data integrity and transparency.

The Future of Nexus


Nexus cryptocurrency strives to achieve a decentralized and secure digital economy that benefits all participants. With its focus on advanced technology, energy efficiency, and community governance, Nexus aims to position itself as a leading player in the cryptocurrency landscape.

In conclusion, Nexus cryptocurrency offers a unique set of features and technologies that differentiate it from other digital currencies. With its three-dimensional blockchain, quantum-resistant cryptography, energy-efficient mining, and community governance, Nexus aims to provide a secure, scalable, and decentralized platform for conducting digital transactions.