Nexacoin NEXA
NEXA
0.00001190
$
15.56 %
Change 24h
Market Cap
$ 28,201,454
Volume 24h
$ 77,538
Circulating Supply
2,401,370,000,000
Explorers
NEXA
$
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Description
Nexa is a proof-of-work, UTXO Layer-1 Blockchain, with native tokens and smart contracts, that has the ability to scale for global P2P usage. By utilizing hardware to scale, Nexa removes two of the most important bottlenecks for scalability: Signatures and UTXO lookups.
Nexa employs technologies such as: Graphene, which reduces traffic overhead by reducing block overhead making block distribution more efficient. Xthinner, a new block propagation protocol that leverages the benefits of lexicographic transaction ordering (LTOR) to compress blocks by 99.6 percent. 0-conf, a permission-less technology to allow for instant transactions which don't require confirmations.
The team behind Nexa is Bitcoin Unlimited, who are veteran software and blockchain architects previously involved with Bitcoin Cash.