Very nice movement today and this is just the beginning for Nexus. This is one of the best crypto's out there and belongs in the top 10 for sure.
With 3D block chain and everything they working on is live and first cube satellite is launched, no doubt in my mind it will be 3 digit soon.
With 3D block chain and everything they working on is live and first cube satellite is launched, no doubt in my mind it will be 3 digit soon.
What's a 3D blockchain? Sounds like some sort of science fiction gimmick like 3D chess.
Maybe I should start reading the documentation, because in crypto such gimmicks can be quickly profitable.They call it both Multi-Dimensional Chain and Three Dimensional Chain.
This is from Nexus website:
Quote
Nexus’s innovation is to replace the mining pool with the blockchain itself on the Level 3 locks. Instead of miners having the authority to determine the next block by getting the winning hash, mining will become a group-wide activity. Miners will submit hashes to the network that lock the Level 2 proof of stake hashes, and agree by group consensus the data that will be locked. With no “one hash rules all,” the 3DC will be a set of hashes that will be combined into a single root hash for that block interval.
As transactions are performed, nodes in the network start verifying them immediately. When they are validated, they are locked by the CPU miners and assigned a weight (L1). This weight and trust increases as more nodes agree that the transaction has happened. As more transactions arrive, the ‘heavier’ transactions require less work and the CPU miners begin on the newer transactions.
After the transactions are validated and locked, the proof-of-stake nodes start to consolidate them into a single hash using their holdings of NXS to provide weight. This locks the transactions with the L2 Trust Lock, which is far more secure than the L1 locks, because all the information has already been verified at this stage.
The GPU miners finalize the addition of the block to the blockchain by hashing the Merkle root hash produced by the L2 Trust Locks.
As transactions are performed, nodes in the network start verifying them immediately. When they are validated, they are locked by the CPU miners and assigned a weight (L1). This weight and trust increases as more nodes agree that the transaction has happened. As more transactions arrive, the ‘heavier’ transactions require less work and the CPU miners begin on the newer transactions.
After the transactions are validated and locked, the proof-of-stake nodes start to consolidate them into a single hash using their holdings of NXS to provide weight. This locks the transactions with the L2 Trust Lock, which is far more secure than the L1 locks, because all the information has already been verified at this stage.
The GPU miners finalize the addition of the block to the blockchain by hashing the Merkle root hash produced by the L2 Trust Locks.
It is explained much more in detail here https://medium.com/@gjsteele71/the-nexus-multi-dimensional-chain-simplified-9d680d9008b8
