Nexa priceNEXA

The Nexa development team is composed of experienced professionals with a strong background in blockchain technology, primarily stemming from Bitcoin Unlimited. Here are the key members of the Nexa team: - Andrew Clifford: President of Bitcoin Unlimited and a leading figure in the Nexa project. - Andrew Stone: Lead Developer of Nexa, responsible for overseeing the technical aspects of the blockchain. - Peter Rizun: Secretary of Bitcoin Unlimited and an integral part of the Nexa team. - Andrea Suisani: Core Developer contributing to the development and enhancement of Nexa's features. - Peter Tschipper: Core Developer focused on various technical implementations within the Nexa ecosystem. - Griffith: Core Developer involved in the ongoing development efforts. - Dagur Valberg: Infrastructure Developer responsible for the underlying infrastructure of the Nexa blockchain. - Jørgen Notland: Application Developer working on user-facing applications and features. - Endo: Community Manager, engaging with the Nexa community and fostering user interaction. - Dolaned: Infrastructure Developer contributing to the platform's technical backbone. - Don Alucard: Visuals Manager, overseeing the visual aspects of the Nexa project. The team collectively brings over 70 years of experience in the cryptocurrency space, having played significant roles in the development of Bitcoin and Bitcoin Cash. This extensive experience instills confidence in their ability to innovate and navigate the challenges of the blockchain domain. Nexa's vision is to create a scalable and decentralized financial system that is accessible to everyone, with a focus on eliminating high transaction fees and delays. The team's commitment to these goals is reflected in their ongoing development efforts and roadmap for future enhancements.

Nexa distinguishes itself from other blockchain platforms through its unique architecture, scalability, and functionality. Here’s a comparison of Nexa with other prominent blockchains: Nexa operates as a Layer-1 blockchain using a UTXO (Unspent Transaction Output) model, similar to Bitcoin, while contrasting with Ethereum's account-based model. This UTXO model enhances scalability and transaction validation efficiency, allowing Nexa to handle an ambitious target of up to 10 billion transactions per day. In comparison, Ethereum has faced challenges with scalability, particularly during peak usage times, leading to high transaction fees and slower processing times. The mining mechanism of Nexa employs a Proof-of-Work (PoW) algorithm called Nexapow, which utilizes SHA-256 hashing and Schnorr signatures. This approach addresses key scalability challenges, such as signature signing and UTXO lookups, making Nexa capable of finalizing transactions almost instantaneously. In contrast, Ethereum is transitioning to a Proof-of-Stake (PoS) model with Ethereum 2.0, which aims to improve scalability and reduce energy consumption but has not yet fully realized its potential. Nexa also introduces "wise contracts," which function similarly to smart contracts but are designed to be more efficient and user-friendly. This innovation simplifies token creation and management without the complexity associated with traditional smart contracts on platforms like Ethereum. Additionally, Nexa supports the creation of both fungible and non-fungible tokens (NFTs) natively, enhancing its versatility in digital asset management. The platform's focus on low transaction fees and high throughput positions Nexa favorably against Ethereum, where users often experience high costs due to network congestion. Nexa's architecture, which includes technologies like Graphene and Xthinner, significantly reduces transaction overhead and improves block propagation efficiency, further enhancing its scalability. In summary, Nexa aims to combine the advantages of UTXO-based blockchains with innovative features that address the limitations faced by existing platforms. Its unique approach to scalability, transaction speed, and ease of use positions it as a strong contender in the evolving blockchain landscape, particularly for applications in decentralized finance and digital asset management

Nexa employs a Proof-of-Work (PoW) mining mechanism that is designed to enhance scalability and efficiency within its blockchain ecosystem. Here are the key aspects of the mining mechanism and rewards associated with Nexa: Nexa's PoW algorithm allows miners to utilize third-party mining software with GPUs from either AMD or NVIDIA. This transition to GPU mining occurred in November 2022, moving away from CPU mining to leverage the greater efficiency and power of GPUs. The mining process involves specialized software such as BZMINER, WILDRIG, RIGEL, or LOLMINER, which can be used on both Windows and Linux systems. The block reward for mining on Nexa is set at 10 million NEXA per block, which is halved every four years, similar to the halving mechanism used in Bitcoin. This structure is intended to control the supply of the NEXA token over time, ensuring that the mining rewards decrease as the total supply approaches its maximum limit of 21 trillion $NEXA tokens. Nexa's mining algorithm leverages cryptographic Schnorr signatures, which are used in both mining and transaction validation. This integration allows for increased efficiency in producing and validating signatures, addressing scalability issues that arise as the network grows. The algorithm also focuses on optimizing UTXO (Unspent Transaction Output) lookups, which are essential for maintaining transaction speed and efficiency. To support the mining process, Nexa has established various mining pools, including VIPOR-POOL, RPLANT, ACC-POOL, NEXAPOOL, WOOLYPOOLY, and POOL 137. These pools enable miners to collaborate and share resources, improving their chances of successfully mining blocks and receiving rewards. Overall, Nexa's mining mechanism is designed to incentivize participation while ensuring the network can handle a high volume of transactions. With its unique PoW algorithm and focus on scalability, Nexa aims to provide a robust and efficient blockchain solution capable of supporting a wide range of applications and services.

Nexa (NEXA) is worth ₦0.003755 today, which is a 0.3% decline from an hour ago and a 2.3% decline since yesterday. The value of NEXA today is 8.4% higher compared to its value 7 days ago. In the last 24 hours, the total volume of Nexa traded was ₦606,063,454. 24h 7d 1m 3m Max | LOG Price Market Cap TradingView

NEXA coins do not represent an investment into a company and do not come with any guarantee of returns. It is important to be aware that NEXA is an asset with a volatile price and there is no central authority to handle any fraud that takes place on the Nexa network.