Was watching some videos about cryptos, right now Dash is coming with a bunch of new features which is cool but I think with time Nexus will do all that and but better, one of the reasons why i find Nexus so appealing is because its security, hybrid POW / nPOS mining, and future adoption of multi-threaded tech on its blockchain, but i was searching about Ethereum which is another big project, Could Nexus compete with Ethereum?, how secure is that blockchain?
I would definitely agree with you about what is appealing about Nexus. I'm not particularly happy with the way Dash was instamined nor am I happy with the way that Dash achieves coin mixing and instant transactions. It's a very creative and functional use of masternodes, but I believe having a financial barrier to entry for masternodes is the wrong approach. We don't want to build a system just for the rich to profit from. This is why we created the Trust nodes, so that nodes are rewarded for their time rather than the number of coins they hold. In many ways, time is more valuable than money because you can never get time back, but you can always get money back. Regardless, Evan Duffield is a creative developer with good skills, and likely made a small fortune in a short time from his coin. It's so far proved very useful and successful, so hats off to him for his success in this area and for his diligence in maintaining the coin.
Ethereum is very interesting but is also perhaps the most overhyped project in the cryptosphere. It remains to be seen whether or not a turing complete blockchain is necessary or even useful. I don't think anyone has actually found a use case that really stands out for this. Chances are that the Ethereum blockchain will be huge (as in size of data/chain) if it is ever used in the way it has been presented. Looking at the Bitcoin arena, we see that decentralization is an important feature. Ripple once branded itself that it would be decentralized, but once companies start getting into how these things will actually work, it appears that these blockchains will in fact be highly centralized server farms and data centers, which ultimately makes the entire blockchain pointless if it's only being ran on a few large datacenters.
I'm more bullish on technology like Factom for data solutions, which use the Bitcoin blockchain for auditing the Factom system in real-time.
What is the ultimate goal here? What is really the ultimate needs of humanity? We need systems that are censorship resistant, decentralized, and free from government/political interference. That's what makes Bitcoin interesting. Without those things Bitcoin is just data-centralized P2P paypal and Ethereum is just a data-centralized P2P scripting language with a token.
Nexus is focusing mostly on ensuring the protocol can remain quantum secure and decentralized, with the long-term goal of creating a system which will be able to secure the Bitcoin blockchain in the event that SHA2 becomes vulnerable to quantum computers. Nexus wants to take all of the properties that Bitcoin and Peercoin started, and improve upon them.
In addition, Nexus seeks to create governance structures for the community that comes to adopt this currency for its' own use. Nexus seeks to improve trust systems and through the use of developer and recycler/ambassador channels, provide long-term funding and long-term sustainability for the protocol and the Nexusoft company that will be built around this protocol.
I do not speak for Videlicet or the community but this is a short reasons for why I am here. Because Videlicet is probably one of the best coders in the blockchain industry, and I believe you will all come to realize this very soon.