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The founder of Nexus, Colin Cantrell, is the son of one of the founding members of aerospace company SpaceX, Jim Cantrell. Jim is now the co-founder of Vector Space Systems, a company preparing to launch affordable satellites, approximately twice the size of a Rubik’s Cube, called CubeSats, into space. When I first heard Colin speak about Nexus, it all sounded like English, but there were lots of words and acronyms I could not find in my dictionary.

I guess I can forgive him after learning his father is truly a rocket scientist. Imagine the conversation around the dinner table in that household.

Nexus (NXS) is a top 70 coin. “The MoonLite Project will operate in the Crypto-Currency Mining space, and plans to begin by mining predominantly Bitcoin, Bitcoin. These three security channels for Nexus include Prime Mining, Hash Mining, and Nexus Proof of Stake. Nexus (NXS) is a cryptocurrency. 2014- 2018 www.nexusearth.

Here, after many hours of research, I am going to attempt to decipher Nexus for you, and explain it in terms we can all understand. A few months ago I was researching ways to circumvent the current banking system where every dollar, euro, and ruble is regulated, tracked, taxed and reported. Nexus first caught my attention when I read the following quote from Colin: “You can’t ask people to boycott a system without offering something for them to use instead.” Providing an alternative to today’s limited financial choices is what the Nexus project promises. Nexus plans to give worldwide access to a monetary store of value which cannot be controlled or compromised by those who feel they should have authority over your money.

In addition, Nexus will offer financial security to the billions of people around the world with access to cell phones, but no way to store or spend their money. That sounds complicated. How will Nexus accomplish this? In simple terms, their plan requires just two necessary components. First, there must be a completely secure unit of value, both today and in the foreseeable future, which can handle an almost unlimited number of transactions.

Second, the source of this unit of value must exist where there is no regulation. Where Bitcoin, and every other crypto currency, fail to meet either of these requirements, Nexus addresses both.

This project is revolutionary in scope, yet takes advantage of technology already available today to create the necessary pieces. The first question I asked myself was where this radical idea came from. There have to be other people working on something similar, right?

The answer is no. When Satoshi created Bitcoin, he put parameters in place defining how security worked, how transactions are handled, and how many Bitcoins miners would earn. All other crypto currencies work within the general confines Satoshi originally defined with minor differences. Colin Cantrell, instead of confining Nexus to these boundaries and jumping right into project development in 2014, spent months learning to think the way Satoshi thought. He asked himself, “If Satoshi were improving the original Bitcoin parameters to create an even more decentralized and secure currency, what would he change?” Discovering the answers to this question helped shape the detailed plan Colin created. The steps in his plan to improve the Bitcoin protocol, along with the progress already made, are summarized in the outline below. I am going to make the assumption you already know what the Blockchain is.

This is not the article to define it for you. You will often see the Blockchain defined as a ‘peer to peer decentralized distributing network’. Since this is a guide for the average Joe, and I recently learned this myself, I just wanted to point out these two are the same. I will use the term Blockchain below, since saying peer to peer decentralized distributing network is like calling a car a ‘mobile self-propelled transporting relocation device.’ The Nexus Blockchain works the same way others work. Miners are using processors to create and place each new block at the end of the current chain. Blocks on the Nexus chain are placed in under 150 seconds, making transactions considerably faster than Bitcoin.

Another way Nexus increases the speed of transactions is by having a multi-threaded balanced messaging protocol, where Bitcoin is single-threaded. You said this was for the average Joe. Sorry, let me explain in terms even I can understand. Imagine your company is in charge of loading boxes onto a train with one hundred empty cars, and you have one forklift. You have to pick up a box, move it to the first car, load it, then go get the box for the second car, load it, etc. This is an illustration of how data flowing through the single-threaded Bitcoin system works.

Now imagine you have one hundred forklifts, and at the same time they all retrieved their box and each loads one of the cars, so all one hundred were loaded in the same time it took to load one car in the first example. This is how data flowing through the multi-threaded Nexus system works. Many transactions are processed at the same time.

Nexus is going to address one of the most frustrating aspects of crypto currency transfers. If you have attempted to send Bitcoin to an invalid address, or have accidentally sent it to the wrong address, you know there is no way to get it back. Nexus is going have the ability to require a sender and receiver signature. This means if you send your Nexus to an invalid address, it will not receive a signature, and will be sent back to you. It also means if you realize you sent Nexus to an incorrect address, you will have a definable period of time to cancel the transfer.

Starting Nexus Miner at 6:10 AM. Stopped mining at 7:10 AM with 0.0000 balance. When i was mining nxs, it was showing zero progress for an entire hour. Jul 27, 2016 How to Solo GPU mine Nexus NXS (formerly Niro) coins using your home computer with a AMD graphics card. Nexus Bitcointalk thread https://bitcointalk.org.

Lastly, if you are on the receiving side and want to refuse a transfer, you will be able to return it. These are all easy ways Nexus is going to improve on the current Bitcoin parameters. Now I am to the point where I have to attempt to define something difficult Security. If you read the information on the or the, you are sure to see the following definition for Nexus security Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak. Let me first explain why all of those indecipherable letters and numbers are necessary.

The founder of Ethereum, Vitalik Buterin, wrote an article in 2013 detailing the effect quantum computers are going to have on Bitcoin. In the article, Buterin explains how quantum computers are going to make it possible to break Bitcoin security. The technology in quantum computers is so fast and powerful, the incredible hash security designed in 2002 currently utilized by Bitcoin will soon no longer protect transactions from being intercepted, and potentially altered, before the latest block in the Bitcoin chain is agreed upon. Knowing more security is required for the future, let me break down the Nexus security definition. Hashing simply means the security used when encrypting data. Bitcoin is using SHA2 hashing (security). SHA is an acronym meaning Secure Hash Algorithm.

While it is not believed anyone has broken SHA2 hashing yet, the emergence of quantum computers mean it is only a matter of time before it happens. In 2008, NIST, the National Institute of Standards and Technology, started a competition to create another secure alternative hashing standard they would label. In this competition 51 candidates submitted admissions. Four years later, the submission called Keccak was selected as the winner of the competition. It beat out another highly secure hashing submission called Skein. If you look up again at the Nexus Hashing definition, you will see SHA3 using Skein and Keccak and now you know where those names came from. Nexus incorporates both of these protocols together into its security, and is the first coin to incorporate the new SHA3 standard.

Where you see SK-1024 in the definition, this is referring to the combined Skein/Keccak (SK) hash security to produce a 1024 bit output when creating the block. How can I make that easier to understand? It is really (really) super secure. Nexus uses the SK security standard to produce hashing for each component of its transactions. You may not understand what each of these components are, but here is a list of the different hashing used in the Nexus network.

SK-256: Hash to generate an Address from your Public Key Hash. SK-512: Hash for Transaction. SK-576: Hash of Public Keys, which is then hashed with SK256 to generate your Address. SK-1024: Hash for Block Generation.

Used by both the CPU and GPU miners [and Stake Minting] to create new Blocks. In comparison to SK-1024 security standard used by Nexus to create its blocks, Bitcoin is using SHA2, 256 bit output. This makes Nexus four times as secure. Nexus also uses 571 bit private keys, compared to 256 bit keys used in almost all other currencies. This 571 bit private key is the government recommended standard proposed by NIST and used by the NSA.

You may have heard something about a 51% attack, which is the possibility one entity or group has enough power to make the latest block on the chain be from whatever chain they decide is correct. While this has never happened to Bitcoin yet, in 2014 a mining pool called Ghash.io did get up to 50%.

This dominance is possible because everyone on the Bitcoin network is casting their vote in the same channel, so if 51% of the votes on the single channel say yes to a particular block, that block is considered ‘agreed upon’ and added to the chain. With Nexus, there are three channels in the network, GPU mining, CPU mining, and Nexus Proof of Stake (nPoS). In order to succeed with a 51% attack on the Nexus network, the attacker would have to control 51% of the votes across all three of the channels.

This, along with the SHA3 Skein/Keccak security defined above, ensure it is not currently possible now, or in the foreseeable future, to compromise the security of the Nexus network. No other coin, even the ones claiming they are the most secure, approaches the level of security built into Nexus. There are other differences as well you can read about on the or on the.

These other points are easier to understand, such as the increasing interest up to 3% you earn on your Nexus wallet balance, based on how much trust you build staking on the network. This brings us to the end of the first important feature needed to implement the Nexus project; a completely secure unit of value, both today and in the foreseeable future, which can handle an almost unlimited number of transactions. To refresh your memory, the second necessary feature is this unit of value must exist where there is no regulation. This is the part that gets me really excited about the project. Look back up and reread the first paragraph of this article again. Do you see any clues there to where an unregulated home for Nexus might be found by Colin Cantrell? If Nexus resides on Earth, it will be subject to the regulations of the governments where it derives from.

Have you ever seen a casino boat? They take their passengers out into the ocean or river channel before anyone is allowed to start gambling, because the laws prohibiting gambling don’t apply away from shore. The Nexus network will be one hundred miles away, straight over our heads. Regulate that! As defined on the Bitcointalk page 'Nexus is actively building relationships within the aerospace industry to allow for the hardware infrastructure to be compatible with its transaction system.

Nexus is building the foundation to broadcast the Blockchain and Nexus Network from space. Under existing hardware infrastructure, cryptocurrency is technically under the mercy of telecommunication and government technology industries. Coupled with both the development of software and hardware, Nexus seeks to free men from centralized financial institutions.' Now you know. Nexus is the most secure crypto currency, led by a brilliant renegade visionary, employing a passionate team of highly skilled people, with the ability to put their ideas into space, all using existing technology. I can currently buy NXS currency for less than.05 cents.

How long do you think that is going to last? - Get access to the developers, and check out the active trading channel for daily discussion on great picks..

The Article Below Was Posted on September 23, 2016. Feel free to link to this article from other sources, but please do not republish without consent from the author. You can contact me through Steem, or by contacting the moderator of the Crypto Currency News Reddit linked below. Please visit the Reddit page where I keep track of Altcoin news daily. If you are in need of articles or other PR for your Crypto Currency or Website please contact me. I have references to other articles I have published if needed.

Will work for Crypto:-).

NXS Daily Chart As things stand, NXS is priced at $8.93. At the start of December, the coin went for just $1.50 a piece and a market capitalization of around $83 million.

This latter figure, market cap, is now up at $490 million. Over the last twenty-four hours alone, we’ve seen NXS run more than 90%. So why do we like this one and what’s coming next? Let’s take a look. First up, a quick introduction. The company describes itself as follows: a decentralized currency project looking to distribute networks fairly worldwide via infrastructure such as cube satellites in space.

Forget that space thing for a moment. The cryptocurrency markets have taken a real beating over the last couple of weeks and especially throughout this week, with many of the major coins (bitcoin, Litecoin, etc.) trading at a more than 50% discount to their price just a few days ago. This, of course, has translated to a real weakening of sentiment and the confidence that many of the later entrants had in their (arguably late entry) positions has all but dried up. People are exiting the market in spades and the selloff is resulting in a further weakening of price. This, in turn, is translating to more panic and an increased number of market exits and so on and so on.

This sort of action will be familiar to many. It’s a self-fulfilling spiral that compounds sentiment and it’s essentially the opposite of what caused bitcoin and its peers to run up into the end of last year.

Late entrants forming weak and fundamentally inaccurate biases and responding to these biases by pulling the trigger. In November and December, it was a trigger pulled on a buy position. In January, the trigger is being pulled on a sell. The thing is, now is not the time to sell. Sure, markets got overexcited at the end of last year and some coins ran up farther than they perhaps might have done if the crypto space had of remained under the radar. Sure, the entry of a futures market and the concurrent wave of media coverage that came with bitcoin shifting into the mainstream consciousness perhaps created a buying frenzy which, in turn, pushed prices above and beyond sustainable levels.

BTC Daily Chart When this happens, however, we generally see a correction, a bottoming out, some degree of rationality return to a market and, in turn, a return to the overarching trend which, in this case, very much remains to the upside. People forget that Bitcoin (BTC) was trading below $900 this time last year. Litecoin (LTC) was at $5 twelve months ago. Some of the more functional tokens, things like Ripple (XRP), were trading for fractions of a penny. Many didn’t even exist.

What we’re trying to say here is that the vast majority of coins that exist in today’s market and that are down circa 50% or so on early month January highs remain up thousands of percentage points on their respective twelve-month pricing. Put things in perspective, then, and you see that this pullback is a natural correction on an overheated market and one that simple serves up a long overdue return to sensibility, as opposed to any indication that the cryptocurrency run has come to an end. For those who need a bit of persuasion, look at this space as if it’s a thirty-year trend, a long-term technological shift. We’re less than a decade into it and while exuberance led to the space running away with itself a little, the excitement is now reigned in and the industry can resume on the path towards changing the technological (and indeed, global industrial) landscape of the future. Bottom line: let the panic sellers exit their positions cheap and, if you’ve got the capital, pick up some cheap coins as they unload. When things return to normal, the same sellers will be scrambling to buy back their coins and will be forced to do so at a premium to the rice at which they’re unloading them right now.

We will be updating our subscribers as soon as we know more. For the latest on Bitcoin, Ripple and Litecoin, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.

Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of Global Coin Report Archives.

2017 saw a massive increase in awareness of cryptocurrency thanks to the huge increase of Initial Coin Offerings (ICOs). Investors swarmed the numerous new coins available, making it the must-have investment product of the year (well, up until the end that is.) The reason for its success and failure as an investment tool is due to the simple fact that the coins were meant to be used in daily life – all that was missing is the infrastructure needed to make it easy.

Yet The Current System Doesn’t Work However, there are two issues surrounding utilizing cryptocurrency in daily life. How Many GameCredits GAME Can I Mine With My Computer here. The first is that few retailers accept cryptocurrency at all. The second is that those who do accept these digital currencies typically only accept one out of the dozens of varieties available.

Meaning it is possible to have a fortune of cryptocurrency in your pocket and be unable to spend a single penny of it. Bitcoin, Litecoin, Ethereum, and more are being actively traded every day with new coin systems being minted just as quickly. With an estimated total market capitalization of $660 billion, there is a great deal of opportunity for ICOs to help spur the next stage of consumer spending and economic growth, but ICOs will have to bridge the divide between digital and physical. How can we solve this challenge? Take MoxyOne, for example. It was founded with the simple goal of providing the infrastructure needed to help ICOs make the transition from an investment vehicle to viable currency. For its part, MoxyOne provides white-label services for companies seeking to offer a complete cryptocurrency solution for their investors and clients.

This includes a “banking” solution that makes spending the coins as easy as swiping the provided debit card. Beyond working with other coin platforms, MoxyOne is also offering its own cryptocurrency known as SPEND tokens, offered for distribution through the respectable Cryptopia exchange platform. More platforms are coming soon, as well. MoxyOne’s Exchange Listing Consultant Rick Kennernecht is working to secure new partnerships with a wide variety of exchange platforms such as EtherDelta. Recent successes in this endeavor include a partnership with the Decentralized Social Networking Platform Social (SCL). How to Integrate Digital Wallets with Physical Debit Cards By using the latest in digital wallet technology, MoxyOne has made it possible to securely handle transactions worldwide wherever debit and credit cards are accepted.

All the end-user needs to do is install the app and activate the card – from there it is as simple as managing a traditional bank account, without the fees. This works through the implementation of Just In Time Funding (JITF) which allows for the instant sell of cryptocurrency into the required traditional currency as the user spends it. This means that the greatest hassle involved in modern cryptocurrency – using it in the real world – has been eliminated in a way that is completely seamless for the end-user. The only fee incurred is the traditional platform exchange fee built into all cryptocurrency platforms. This platform will be released in early 2018, with a pre-sale beginning February 8, 2018, and ending on March 10, 2018. The public ICO starts March 14, 2018, until April 14, 2018. MoxyOne will leverage Raiden Network’s micropayment technology for speed and Gladius’ DDoS technology for stability and overall security.

Long-term goals will include integrating with the COMIT network for increased blockchain interoperability and overall access. In addition to JITF, we enable individual organizations and buyers to obtain the cryptocurrency directly from the holder. In addition to receiving the coins, a number of extra tokens will be provided to cover any extra expenses. This will help grow the platform and incentivize end users to utilize every feature of the MoxyOne platform. Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Introduction Ever since bitcoin’s inception in 2009, the price of a single unit of bitcoin as steadily increased, up until 2017, when the price exploded and caused mainstream investors and users all over the world to be plunged into a crypto frenzy. The industry has also given rise to several strange terms and phrases such as Buy Back, Smart Trading, Referral, Signal, Backed Loan, Proof of Stake, and Cryptocurrencies. Despite the relative obscurity of the phrases, they’ve been readily gliding over the lips of regular individuals all over the world. Perhaps rightly so, as the price of bitcoin grew with an exponential 450% within the last three months. The sharp price increase and excitement of the industry have secured bitcoin’s place in the mainstream.

However, despite the cryptocurrency’s increasing popularity it still not easily available and accessible all over the world. In fact, many traders in certain regions are still very limited when it comes to bitcoin trading. At the moment, the majority of cryptocurrency exchange platforms provide a service which charges users exorbitant trading fees in exchange for a slow system.

In addition, most exchanges have demonstrated a single-minded approach when it comes to trading. They provide their customer only with trading options and seem oblivious to other financial solutions that they can provide to their customers to enhance their overall bitcoin experience. Why choose Bitto Bitto has been created with the goal to provide its users with a wide array of products and services that will bring much-needed relief to the increased obstacles faced by regular users. The products and services have been designed in such a way to be practical, functional, stable, and above all realistic. This is especially true of Bitto’s core service, an online cryptocurrency lending platform. This platform has been created to offer its customers with a sense of security and transparency. The platform was designed to offer both borrowers and lenders with an optimum service that is both driven by market trends while being easily accessible and user-friendly.

To achieve this goal, the platform is endowed with excellent support services which can cater to any customer’s every need that is compliant with Bitto’s core values. Bitto has been created to be integrated into the customer’s every day with ease and a level of competency that is sure to impress.

The Bitto platform has integrated six separate core models into one user-friendly exchange. This system not only ensures conveniences but also allows their customers to generate revenue using several sources. The platform’s own cryptocurrency, Bitto Coin, will be available in a limited supply of 30 million. Of the total coins, only 21 million will be allowed to be in circulation at any given time, while 3 million Bitto coins will be used to reward Bitto holders within a period of 24-months. What is Bitto Coin? Bitto Coin, has been created using the Ethereum Blockchain network and is based on the Ethereum coin, ERC20. The developing team chose the Ethereum network as it offers investors more cost efficient transaction fees as well as a more efficient network.

Bitto will utilize the PoS Reward system over that of the traditional Proof of Work (PoW) system in an attempt to be more environmentally conscious. In addition, the coin will serve as a digital asset to be used on the platform for collateral lending. PoS-based cryptocurrencies have proven time and time again that they are much more efficient than their PoW counterparts.

This is especially true when it comes to being cost-efficient, as PoS is less heavy on energy consumption than PoW. The developers behind Bitto Coin chose this system in order to create a network that is more sustainable has the long-term possibility.

This decision will also ensure that Bitto is based on a strong foundation that will later positively affect both Bitto Coin’s market supply and price. The benefits of Bitto What sets Bitto apart is the fact that the platform was created to think about its users need. The platform’s unique and comprehensive integration which offers its customers several tailored benefits including a support team that is dedicated to seeing you thrive, a PoS system committed to the environment, progressive organizational tools, as well as a borrowing/lending portal. Because Bitto was designed with the investor in mind, they reward their investors with 30% of their circulating coin supply.

Long-term Bitto holders can look forward to future Bitto coin rewards. Bitto is primarily driven by the goal to shape and cultivate the brand new wilderness that the cryptocurrency landscape has to offer.

To achieve this ambition, Bitto is dedicated to providing world-class service to customers from all over the world, while still ensuring that every individual user has access to precise trading and tailored services at their fingertips. This quality service is underpinned by a dedication to customer security. The support service at Bitto has implemented only the highest security measures to protect their customers and servers against malicious attacks. To date, a large portion of ICOs has offered prospective investors unrealistic promises together with an unsustainable business plan and fraudulent promises. Bitto believes that honesty, transparency, and a realistic outlook is key to a good relationship with investors.

The team behind Bitto is dedicated to providing a secure lending platform that is driven by a realistic approach. This attitude will go far towards ensuring that the platform is accessible to a diverse customer base. In addition, Bitto wishes to ensure that all customers enjoy an optimum experience on their platform.

What Bitto offers The Bitto platform has been created to be internationally orientated. On this platform, users will be able to: • Trade any cryptocurrency from any location across the world with access to friendly 24/7 support that can aid you in any issue. • Get tips and tricks from international profitable traders. • Easily use the Bitto Coin on the platform while the developing team still creates a relationship with merchants all over the world. • Use the Bitto token to access a wide variety of services on the platform such as loans, staking, or signal trading. Depending on each investor’s contributing tier, they might be eligible for the Free Forever program where ICO investors can enjoy unlimited trading at no added cost.

Members of lower tiers, however, will still enjoy several benefits such discounted trading fees. To activate these benefits, members simply have to use their Bitto tokens on the platform.

Bitto has created a unique lending system for its customers. Borrowers can use the platform to get a loan while keeping their own cryptocurrency. In all loans, up to 70% of the total loan value will be taken into account to provide for the event of extreme market volatility. This means that the customer’s cryptocurrencies remain secured in a signature wallet. Lenders receive added benefits after reaching the Bitto hodlers tier.

This is reached after the lender has staked on the Bitto platform for an uninterrupted period of 15 days. After becoming a Bitto hodler, lenders will be allowed to make loan contracts with borrowers at no additional cost. However, any external lender will be subject to paying a small fee before being allowed to operate on the platform.

Once a lender has selected their country, they will be allowed to only operate from this area, in an attempt to limit instances of money laundering on the platform. Future Development of Bitto Bitto hopes to provide its services in both an online and offline capacity. The trend in the cryptocurrency industry is to operate purely online as it suits the medium of virtual currencies and is more convenient to access. However, Bitto believes that this eliminates a vital part of the customer relationship.

This has inspired the company to established brick-and-mortar offices in locations all over the world which customers are encouraged to visit for a more personal Bitto experience. For more information, please visit the or read the. Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of via Flickr.