Review on Nexus by Alex Martakov

Name: Nexus
Item: Nexus
Rating: 5

April 04, 2019

Such plans for improving Nexus include improving the performance of the…

Such plans for improving Nexus include improving the performance of the blockchain – providing scaling and improving quantum resistance, as well as the division into certain sections. The priorities of the development include the expansion of the functionality of the created contracts. In this regard, the Nexus cryptocurrency shows a steady growth trend, gradually increasing its turnover as new technologies are developed and integrated into the system.
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Pros

NXS cryptocurrency uses a three-layer consensus-building structure: Prime Channel, implying mining on the CPU; Hashing Channel – mining on video cards; Proof of Stake – proof of stake based on reputation and trust to the node. The functioning of all three channels is based on the balance and the inability of one of them to get priority or greater influence in the network. This relationship provides the best form of consensus on transaction confirmation. A distinctive feature of the nexus cryptocurrency is also a system of checks and confirmations, as a result of which the user can return a transaction sent to the wrong address. This technology can be considered revolutionary given the fact that the irreversibility of the translations is considered to be one of the drawbacks of the cryptocurrency.

Cons