Review on NIX by Pedro O. Alvino M.
Cryptocurrency with multiple layers of privacy
A coin designed with multiple layers of privacy in which it consists of 4 protocols that comprise the NIX network architecture, it contains a next-generation privacy, which powers decentralized applications focused on anonymity and smart contracts, offering the option of add your privacy layer to any blockchain.
The NIX project implements (LPoS) that allows the staking of currencies through the Flarewallet Dapps, a wallet with different security systems and simple handling, in addition this mechanism provides great security, energy efficiency and less risk of centralization. In addition, the NIX network also uses their Ghost protocol with which they offer a higher layer of privacy.
Despite the large number of privacy projects, there are few that allow these layers to be integrated into a blockchain.
Pros
- It consists of a network of privacy layers that connects with the Ethereum network and ERC 20 tokens.
- It allows the development of decentralized applications anonymously.
- Establish a reward system in coin minting and coin locking without the need for a high-performing and active team.
- It integrates a system of master nodes that validate anonymous transactions in the NIX chain.
- It consists of a proof-of-stake protocol, which does not require large energy resources, vital for the environment.
- It allows adding a layer of privacy to a blockchain.
Cons
- It has great competitors in the area of privacy.
- Some of its features are still under development.
