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Nexa (NEXA): Next Generation Blockchain
Beginner
2024-07-17 | 5m
NEXA is the native token of Nexa, a bleeding-edge blockchain foraging at the frontiers of freedom and sovereignty. With its unique proof-of-work mechanism, Nexa operates at the speed of light. All transactions are finalized almost instantaneously. With the added benefit of Wise-contracts, Nexa’s blockchain is beyond smart. It is the next-generation blockchain that is set to revolutionize the entire industry.
What is Nexa (NEXA)?
Nexa is a proof-of-work, UTXO layer-1 blockchain with native smart contract and NFT support. With technologies such as Graphene, Thinner, and 0-conf, Nexa can reduce transaction overhead, compress block size, and execute instant transactions without confirmations. It also offers immense scalability, capable of handling over 10 billion transactions per day.
How NEXA works
Nexa is built on several key features:
Immense capacity & scalability: Nexa’s unique proof-of-work mechanism - updating only the UTXO instead of the entire blockchain - makes it possible for the entire blockchain to operate at an incredible speed while taking up a fraction of the bandwidth and storage of traditional layer-1s. In theory, Nexa can finalize around 100,000 transactions per second.
Instant, fraud-proof transaction: Doublespend is a problem virtually every blockchain has to tackle. Nexa’s own solution, double-spend proofs and double-spend forfeits, can detect any double-spend behavior, broadcast it as a top-priority message across the entire blockchain, and make it so that the double-spenders will find it not profitable to attempt this and anyone who catches a double spender gets a reward.
Native token standards support: one of the key features blockchain boasts is the potential to tokenize everything. At first, it was fungible and non-fungible assets. These tokens are perfect for storing and transferring value. Nexa offers native token support and more. Your tokens are more than digital assets but your identity, ownership, and beyond.
Wise-contracts: all of these stunning innovations are made possible by Wise-contracts, Nexa’s own, better version of smart contracts. Wise-contracts do everything smart contracts can, and elevates them to another level with Nexa’s ultra-scalability. The first Wise-contract, ‘HODL Vaults’, has already been deployed and is now ready to help investors all over the world make more informed, rational decisions.
NEXA goes live on Bitget
Nexa has never stopped improving and perfecting its infrastructure and the entire ecosystem while redefining the boundaries of freedom and sovereignty in the digital economy. With its innovative approach, Nexa aims to provide a robust foundation for a new era of permissionless financial systems, accessible globally.
How to trade NEXA on Bitget
Step 1: Go to the
NEXAUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell.
By addressing the inherent limitations of existing cryptocurrencies, Nexa is paving the way for a more scalable, secure, and versatile blockchain ecosystem. Its commitment to providing global financial sovereignty, coupled with innovative features like Wise-contracts and native token systems, positions Nexa as a leading force in the future of digital finance. As the blockchain industry evolves and prospers, Nexa and the NEXA token stand poised to redefine the standards of blockchain technology and decentralized finance.
Trade NEXA now on Bitget!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
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