What is Nexus?
Nexus is a peer-to-peer netowkr that offers improved speed, scalablility and security of current blockchain protocols. Though that mind sound typical of new cryptocurrencies, Nexus is different, and what they’re trying to do is true ambition.
Part and parcel of Nexus’s attempt to be bigger, better, and faster is its three dimensional blockchain. This is made up of the prime channel, the hashing channel, and proof-of-holdings. Without going into too much detail, the prime channel and the hasing channel use different versions of proof-of-work while the proof-of-holdings is essentially proof of stake though with an interest mechanism that gains you coins just by holding your own.
The next ambitious mode of nexus is its three-pronged distributed telecomunications system. In an aim to further dectralize the netowork, Nexus uses Mesh Networks, which work together to solve block calculations rather than competing against one another. This serves to distribute netowork data more evenly than typical blockchains and achieves a greater level of decentralization.
Next is nexus’s cube stalities, this is where it gets crazy; Nexus has partnered with a vecto space system to create a satelite network of nodes, this network of sattleites will work in combination with the ground mesh networks to help to host both the nexus network and any dApps hosted on it.
In betweeen these two system is ground stations, these conenct the mesh network to the sattelties and run uplink/downlink operations, easing the communication of the two.
Safe to say Nexus is an ambitious project, going ambitious lengths to thwart the dangers of centralizationl. Although it might sown unneccesary and over complicated now, nexus is one of the few projects addressing quantum resistance and one that may still be in action 20 years down the road, an unlikely prediction for any technology company.
