BitMart, a global digital asset trading platform, will list NEXA (NEXA) on May 18, 2023, for all BitMart users. The NEXA/USDT trading pair has been officially available for trading at 11:00 AM (UTC).
What is NEXA (NEXA)？
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. By removing these bottlenecks Nexa will be able to process 100K+ TPS.
Nexa employs technologies such as: Graphene, which reduces traffic overhead by reducing block overhead making block distribution more efficient. 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 who were integral in the development of Bitcoin and Bitcoin Cash software and solutions.
Thanks to Nexa’s unique PoW algorithm, Nexa will scale to over 10 billion transactions per day. That’s enough capacity for the whole planet. No high fees and no waiting around for your transaction to be secured.
Tokens are a market-validated use case for cryptocurrency which will bring significant amounts of value and network usage to Nexa.
NFTs can be created much like fungible tokens on Nexa. These can be used for endless exciting functions including: digital artwork, asset ownership, tickets, in-game items, certificates or all sorts of yet to be discovered use cases. All the same incredible functionality open to tokens is also available to NFTs, meaning the sky’s the limit.
Nexa uses an ultra-scalable smart-contract system which enables practically everything possible on an EVM chain without the major scaling bottlenecks suffered by turing-complete networks. We call these ‘wise-contracts’ because not only are they smart, but also wise in how network resources are used.
Nexa’s Proof-of-Work algorithm uses the enormous scaling power of mining incentives to bring new hardware into existence. It incentivises the creation of hardware that nodes will make use of to accelerate transaction validation to a speed not seen on any other blockchain.
Transactions are instantly sent across the network, thanks to the miner rules of the network this is enough security for certain transactions. Soon a new technology will be brought to Nexa that enables instant, trustless transactions of any amount. Anyone will be able to choose to have their payments credited instantly.
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About NEXA (NEXA)
Nexa is a permissionless, decentralized blockchain where all developers are welcome to build software, tools and applications for Nexa.
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