Nexis is a layer 1 blockchain designed to address the scalability issues faced by many other blockchains, such as Ethereum. It aims to achieve high throughput and low transaction fees while maintaining decentralization.

Nexis uses a combination of innovative technologies, including:

• Delegated Proof-of-Stake (DPoS): is a consensus mechanism that timestamps transactions using a Verifiable Delay Function (VDF). This allows Nexis to achieve very high transaction throughput without sacrificing security.

• Tower BFT (BFT): BFT is a distributed consensus mechanism that ensures the validity of transactions. Nexis's implementation of BFT, Tower BFT, is highly scalable and efficient.

• Gulf Stream: Gulf Stream is a protocol that improves the efficiency of block propagation on the Nexis network. This reduces latency and increases throughput.

• Sealevel: Sealevel is a protocol that optimizes the execution of smart contracts on the Nexis network. This reduces gas fees and improves overall performance.

As a result of these technologies, Nexis can reportedly process up to 710,000 transactions per second (TPS), which is significantly faster than most other blockchains. It also has very low transaction fees, making it a more cost-effective platform for developers and users. Nexis's native cryptocurrency is NZT, which is used to pay transaction fees and participate in the network's governance. NZT is also used to secure the network through staking, which is the process of locking up NZT tokens to validate transactions. Nexis has a thriving ecosystem of dApps, including decentralized exchanges (DEXs), lending protocols, and stablecoins. It is also becoming increasingly popular for the development of NFTs and blockchain-based games.

The Nexis Network Advantage

Nexis Network offers a unique approach to solving pressing issues in cybersecurity, healthcare, and finance. It leverages the fundamental principles of blockchain technology, such as decentralization, transparency, and security, to create a robust and innovative platform for these critical sectors.

• Cybersecurity: Nexis Network enhances cybersecurity by providing a decentralized and tamper-proof infrastructure for data protection. Its consensus mechanisms, including a delegated proof of stake (DPoS) and innovative consensus algorithms, make it exceptionally resilient to attacks. By storing critical data on Nexis Network’s secure blockchain, enterprises can significantly reduce the risk of data breaches and unauthorized access.

• Healthcare EMR Management: The healthcare sector has been in dire need of a secure and interoperable EMR solution, and Nexis Network rises to the challenge. Its blockchain-based EMR management system ensures the integrity and privacy of patient data. Patients have granular control over their records, deciding who can access them and under what conditions. Healthcare providers benefit from a unified and secure database that facilitates seamless information sharing, improving patient care and operational efficiency.

• Finance and DeFi: Nexis Network is well-positioned to drive the DeFi movement forward. Its blockchain offers high throughput, low transaction fees, and scalability, making it an ideal platform for decentralized financial applications. Users can participate in DeFi activities, such as lending, borrowing, and yield farming, with confidence in the security and transparency provided by Nexis’s blockchain infrastructure. This empowers retail investors to grow their wealth and access financial services without traditional intermediaries.

Nexis Network’s integration into these critical sectors brings a host of benefits to enterprises and retail investors alike:

• Enterprises: Nexis Network’s robust cybersecurity features safeguard sensitive data and ensure compliance with regulatory requirements. The transparent and tamper-proof nature of the blockchain enhances auditing capabilities, making it easier to detect and respond to security breaches. Additionally, the platform streamlines healthcare operations, reducing administrative overhead and improving data sharing within the healthcare sector.

• Retail Investors: Nexis Network offers retail investors the opportunity to participate in the DeFi revolution with confidence. Its high throughput and low fees make it a cost-effective choice for DeFi activities. Moreover, the platform’s user-friendly interface ensures accessibility for users with varying levels of expertise. Retail investors can diversify their portfolios and escape the limitations of traditional banking systems, thereby securing their financial future.

Nexis Network Wallet

Delegated Proof-of-Stake Consensus

In the realm of blockchain technology, consensus mechanisms serve as the governing principles that ensure the integrity and security of the network. Among the various consensus mechanisms, Delegated Proof of Stake (DPoS) has emerged as a popular choice, particularly for its efficiency, scalability, and decentralization.

How DPoS Works

Unlike energy-intensive proof-of-work (PoW) mechanisms like Bitcoin, DPoS relies on a more democratic approach to consensus. Instead of directly validating transactions, users delegate their voting power to chosen validators, also known as block producers. These validators are responsible for proposing and adding new blocks to the blockchain, ensuring the network's continued operation.

Key Features of DPoS

1. Energy Efficiency: DPoS eliminates the need for energy-intensive mining, reducing the environmental impact of blockchain operations.

2. Scalability: DPoS can handle a higher transaction throughput compared to PoW, making it suitable for networks with increasing user activity.

3. Decentralization: While not fully decentralized as PoW, DPoS introduces a layer of delegation that allows individuals with smaller stake amounts to participate in consensus.

4. Governance: DPoS often incorporates voting mechanisms, enabling token holders to influence network decisions and proposals.

Benefits of DPoS

1. Faster Transactions: DPoS's reduced consensus process results in faster transaction speeds, making it suitable for real-time applications.

2. Lower Transaction Fees: Efficient transaction validation reduces the cost of using the blockchain, making it more appealing for users.

3. Improved Security: DPoS validators are incentivized to maintain network integrity due to their staked tokens, contributing to overall security.

4. Simplified Consensus: The delegation process makes it easier for users to participate in consensus without requiring specialized hardware or significant computational resources.

Applications of DPoS

DPoS is particularly well-suited for blockchain platforms that demand high transaction throughput and scalability, such as:

1. Decentralized Finance (DeFi): DPoS's efficiency makes it ideal for building DeFi applications that facilitate financial transactions and lending.

2. Non-fungible tokens (NFTs): DPoS's scalability enables the creation and trading of NFTs without compromising network performance.

3. Internet of Things (IoT): DPoS can support secure and efficient data exchange for IoT applications.

4. Gaming: DPoS's low transaction fees and fast transaction speeds make it suitable for blockchain-based games.

DPoS has emerged as a promising consensus mechanism, balancing efficiency, scalability, and decentralization. Its ability to handle a high volume of transactions while maintaining security has attracted developers and users alike, making it a popular choice for blockchain platforms seeking to address the limitations of traditional PoW consensus.

Nexis Network Tokenomics

Max total supply: 550 million NZT

Initial Circulating supply: 25 Million NZT

Burn rate: 50% of network gas fee’s

Nexis Token Release Schedule

Nexis Network utilizes a linear token vesting schedule for the release of our tokens to the public over 36 months.

A linear token vesting schedule is a type of token release schedule in which a set number of tokens are released to an individual or entity over a fixed period. In this case, the vesting period is 36 months (3 years).

You can find out more about Nexis Network by joining our community or checking out our website using the links below:

Website: https://nexis.network

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