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Benaiah A. Akinlade photo
Nigeria, Osogbo, Osun State, Nigeria
1 Level
165 Review
110 Karma

Review on Nerva by Benaiah A. Akinlade

Revainrating 5 out of 5

NERVA: The coin for everyone and anyone

Nerva (XNV) is a cryptocurrency that you can generate through mining. It is a decentralized & privacy focused cryptocurrency which allows mining to be run on a full node. Nerva has a current supply of over 17 million. The coin is untraceable and secure (user’s information and transactions are not visible to the public) with the aim of being GPU and ASIC resistant. It utilities the new Cryptonight Adaptive Proof of Work algorithm.
The price of 1 Nerva is 0.019583 USD and it is currently available for trading on just one active market.
NERVA offers true privacy and fungibility, is totally untraceable and unlinkable, with users and transfer amounts hidden from the public
Features of XNV
1. POW algorithm: NERVA makes use of the new Cryptonight Adaptive algorithm, thereby promoting decentralization and preference for miners
2. No ICO: There was no ICO, because investors want to help provide a brighter future for crypto.
3. Energy efficient: You can mine on your PC. No need for separate GPU mining rigs or other specialized hardware.
4. Fast transactions: transactions are completed fast because it has a one minute block time and stable blockchain,
5. Low cost: low fees, allow you to transact NERVA quickly and cost effectively.
6. Security: investors are kept anonymous and their transaction history is not visible as it, NERVA adopts cryptonote's privacy and fungibility
7. The coin is fairly distributed as it places emphasis on CPU mining with no additional mining softwares, this indicates that anyone can mine easily.
Mining is available on Linux, Windows (x64), Mac OS, (both in Command Line Interface and Graphical User Interface), and Ledger Nano S (Requires: Nerva v0. 1. 7. 0+ Python installation) although it’s not available for mobile devices.
I tried installing the Windows GUI version of the miner but it required Microsoft. NET framework 4.8 which is currently not compatible with Windows 10 OS, while the CLI version keeps crashing. I’ll still keep troubleshooting to see how I can get the mining done. This project is highly encouraging due to the basic fact that there is no special mining machine required.



Pros
  • It doesn’t require any special equipment for mining
  • Mining can be done on personal computers
  • Transactions are quickly completed
  • The costs of transactions are very low
  • It is highly secure, as identities of investors and funds are kept anonymous
  • Mining can be done on various operating systems through CLI and GUI
Cons
  • Trading volume is still low
  • Mining is currently only compatible with 64bit (x64) Operating Systems
  • There is currently no mobile application for mining

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