Author: Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come (Read 734962 times). Bitcoin Cash BCH Mining Limit. Dec 24, 2017 - EARNING MONEY MADE EASY.

Aims to allow users to quickly and securely transfer value without an intermediary bank or third party. It intends to build upon and improve on the blockchain protocol. Nexus was founded by Colin Cantrell, son of Jim Cantrell of SpaceX fame. Due to this unique relationship, they also intend to work closely with the aerospace industry. What is Nexus? Nexus has three Core Principles: • Efficient and scalable code • Enhanced security • Revolutionary hardware networks Efficient & Scalable Built and developed their own specialized database from the ground up called Lower Level Database (LLD).

It can drastically improve speed and processing power by organically scaling to handle increasing transactions. Enhanced Security Nexus has precautions in place to resist against quantum computer attacks by using l arge, one-time-use keys and 1024-bit hashes. These two features together should mean a more secure network. Another feature they have is working together with the Nodes. Nexus allows them to build up “Trust”. Higher “Trust” allows Nexus Nodes to earn a higher reward and thus a larger minting rate. Revolutionary Hardware Networks Nexus is in plans to cooperate with the aerospace industry to launch cube satellites into low earth orbit.

This allows them to connect users and secure data. Another main selling point of doing this is it allows more freedom from jurisdictions and legal red tape, leading to a fully decentralized internet. All the above factors contribute to a more resilient alternative to centralized financial institutions. The post appeared first on.

Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak. SK-1024: Using Skein-1024 and Keccak-1600 for GPU PoW to produce a 1024 bit output hash used for the block hash providing the highest security.

Prime: Searching for Dense Prime Clusters as CPU PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers. Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm. Difficulty: Calculated with time overlaps and true% over bounds, using weighted block average over past 5 blocks.

LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming. Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds. Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude. No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.

Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than the projected amount while difficulty is compensating to their amount of computing power. Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves. Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan.

This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast. Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold. Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date. Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block [~1 Nexus] over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough%, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation which was spawned to cover developmental costs.