What is NEXUS?
NEXUS EARTH is a quantum-proof cryptocurrency that relies on SHA3, a cryptographic algorithm way more secure than SHA256(the one used by Bitcoin, Ethereum and most of other cryptos).Also NXS secures its network in three different ways: CPU mining,GPU mining and Proof of stake(PoS).This makes a 51% attack on the network very difficult to achieve.
These three different layers of security, and the security standard NXS uses(SK 1024) makes Nexus one of the most secure cryptocurrencies on the market.It's already quantum-proof, and this should already make you feel safe.
The founder Colin Cantrell is deeply involved in the Space industry, and future plans for Nexus are to send small satellites called CubeSats into space.This will allow to broadcast information from blockchain nodes on earth through space .This means that Nexus can provide a very safe way of exchanging value without relying on the classic ways of transmitting data.
Information will be widespread and difficult to control, and everyone will have the possibility to access this tech.
Small satellites will be sent to space, and this will make easier for this technology to be used in every part of the world.
Sending satellites is not something easy, that's why Colin Cantrell is reinventing the wheel, taking concepts from Blockchain and Decentralized Ledgers to take the Nakamoto's vision up to the next level.The small satellites will be a little bigger than a Rubik's cube, and that's why the team is working on optimizing blockchain to fit in the most efficient way into small hardwares.
Currently 40% of world population doesn't have a bank account,and a technology like this could really help people to store value in a safe and fast way.Third world countries have a lot of people living without a bank account, and this is a problem that until now could not have been solved easily.With technologies like this, our society will be able to allow immigrants and low-income people to transfer value in a easy and secure way.
Circulating supply of NEXUS is around 58millions coin, and NXS is currently trading around 6.60$.Market Capitalization is still small, and there is a long way to go.
The security,the scalability and the way NXS is reinventing blockchain to apply it into the space environment is just incredible.
This article is not an investment advice.You should always do your own research before investing and be responsable for your own finances.Cryptocurrencies is a risky market,and you shouldn't invest money that you cannot afford to lose.